UNCOMPLETED CONTRACTS

6 Months Ended

Jun. 30, 2017

NOTE 6 – UNCOMPLETED CONTRACTS

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

	June 30,			December 31,
	2017			2016
Revenue Recognized	$	316,000		$	324,500
Less: Billings to date		(203,700	)		(310,900	)
Costs and estimated earnings in excess of billings on uncompleted contracts	$	112,300		$	13,600

Billings to date	$	2,092,100		$	3,063,500
Revenue recognized		(1,841,700	)		(1,972,700	)
Billings in excess of costs and estimated earnings on uncompleted contracts	$	250,400		$	1,090,800