Annual report pursuant to Section 13 and 15(d)

UNCOMPLETED CONTRACTS

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UNCOMPLETED CONTRACTS
12 Months Ended
Dec. 31, 2016
Contractors [Abstract]  
UNCOMPLETED CONTRACTS

NOTE 6 - UNCOMPLETED CONTRACTS

 

Costs, estimated earnings and billings on uncompleted contracts are as follows:

 

    December 31,  
    2016     2015  
             
Revenue Recognized   $

324,500

    $ 1,814,300  
Less: Billings to date     (310,900 )     (1,610,300 )
Costs and estimated earnings in excess of billings on uncompleted contracts   $ 13,600     $ 204,000  
                 
Billings to date   $ 3,063,500     $ 2,273,400  
Revenue recognized     (1,972,700 )     (1,685,500 )
Billings in excess of costs and estimated earnings on uncompleted contracts   $ 1,090,800     $ 587,900