Quarterly report pursuant to Section 13 or 15(d)

UNCOMPLETED CONTRACTS

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UNCOMPLETED CONTRACTS
9 Months Ended
Sep. 30, 2015
Contractors [Abstract]  
UNCOMPLETED CONTRACTS

NOTE 6 - UNCOMPLETED CONTRACTS

 

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

 

    September 30,   December 31,
    2015   2014
                 
Revenue Recognized   $ 746,400     $ 168,700  
Less: Billings to date     (326,900 )     (107,600 )
Costs and estimated earnings in excess of
     billings on uncompleted contracts
  $ 419,500     $ 61,100  
                 
Billings to date   $ 3,059,100     $ 1,250,900  
Revenue recognized     (2,657,600 )     (942,400 )
Billings in excess of costs and estimated
     earnings on uncompleted contracts
  $ 401,500     $ 308,500