Quarterly report pursuant to Section 13 or 15(d)

UNCOMPLETED CONTRACTS

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UNCOMPLETED CONTRACTS
3 Months Ended
Mar. 31, 2014
Uncompleted Contracts  
UNCOMPLETED CONTRACTS

NOTE 6 - UNCOMPLETED CONTRACTS

 

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

  

    March 31,     December 31,  
    2014     2013  
             
Revenue Recognized   $ 350,900     $ 331,100  
Less: Billings to date     (248,900 )     (252,600 )
Costs and estimated earnings in excess of billings on uncompleted contracts   $ 102,000     $ 78,500  
                 
Billings to date   $ 647,700     $ 606,700  
Revenue recognized     (469,500 )     (436,400 )
Billings in excess of costs and estimated earnings on uncompleted contracts   $ 178,200     $ 170,300