|
NOTE
6 - UNCOMPLETED CONTRACTS
Costs,
estimated earnings and billings on uncompleted contracts are as follows:
| |
|
March
31, |
|
December
31, |
| |
|
2017 |
|
2016 |
| Revenue
Recognized |
|
$ |
1,184,968 |
|
|
$ |
324,500 |
|
| Less:
Billings to date |
|
|
(1,184,968 |
) |
|
|
(310,900 |
) |
Costs
and estimated earnings in excess of
billings on uncompleted contracts |
|
$ |
— |
|
|
$ |
13,600 |
|
| |
|
|
|
|
|
|
|
|
| Billings to date |
|
$ |
2,141,468 |
|
|
$ |
3,063,500 |
|
| Revenue
recognized |
|
|
(1,184,968 |
) |
|
|
(1,972,700 |
) |
Billings
in excess of costs and estimated
earnings on uncompleted contracts |
|
$ |
956,500 |
|
|
$ |
1,090,800 |
|
|