Annual report pursuant to Section 13 and 15(d)

UNCOMPLETED CONTRACTS

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UNCOMPLETED CONTRACTS
12 Months Ended
Dec. 31, 2017
Contractors [Abstract]  
UNCOMPLETED CONTRACTS

NOTE 6 - UNCOMPLETED CONTRACTS

 

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

 

    December 31,  
    2017     2016  
             
Revenue Recognized   $     $ 324,500  
Less: Billings to date           (310,900 )
Costs and estimated earnings in excess of billings on uncompleted contracts
  $     $ 13,600  
                 
Billings to date   $ 2,875,500     $ 3,063,500  
Revenue recognized     (2,648,200 )     (1,972,700 )
Billings in excess of costs and estimated earnings on uncompleted contracts
  $ 227,300     $ 1,090,800