Quarterly report pursuant to Section 13 or 15(d)

Costs and Estimated Earnings on Contracts (Tables)

v3.7.0.1
Costs and Estimated Earnings on Contracts (Tables)
3 Months Ended
Mar. 31, 2017
Costs and Estimated Earnings on Contracts [Abstract]  
Summary of revenue on contracts
    Revenues Earned     Cost of Revenues     Gross Profit (Loss)  
                   
Revenue on completed contracts   $ 1,475,084     $ 1,083,890     $ 391,194  
Revenue on uncompleted contracts     1,697,004       1,265,576       431,428  
Total for 3 months ended 3/31/17   $ 3,172,088     $ 2,349,466     $ 822,622  

 

    As of March 31, 2017  
Costs incurred on uncompleted contracts   $ 3,589,945  
Estimated earnings on uncompleted contracts     1,040,048  
Revenues earned on uncompleted contracts     4,629,993  
Billings to date     4,078,991  
Total Net Amount   $ 551,002  
         
Amount shown as cost and estimated earnings in excess of billings on uncompleted contracts   $ 980,887  
Amount shown as billings in excess of costs and estimated earnings on uncompleted contracts     (429,885 )
         
Total Net Amount   $ 551,002  

    Revenues Earned     Cost of Revenues     Gross Profit (Loss)  
                   
Revenue on completed contracts   $ 2,227,953     $ 1,548,072     $ 679,880  
Revenue on uncompleted contracts     1,772,856       1,137,964       634,892  
Total for 3 months ended 3/31/16   $ 4,000,808     $ 2,686,036     $ 1,314,772  

 

    As of March 31, 2016  
Costs incurred on uncompleted contracts   $ 2,737,277  
Estimated earnings on uncompleted contracts     1,418,255  
Revenues earned on uncompleted contracts     4,155,532  
Billings to date     2,934,518  
Total Net Amount   $ 1,221,014  
         
Amount shown as cost and estimated earnings in excess of billings on uncompleted contracts   $ 1,402,439  
Amount shown as billings in excess of costs and estimated earnings on uncompleted contracts     (181,425 )
         
Total Net Amount   $ 1,221,014