Quarterly report pursuant to Section 13 or 15(d)

Costs and Estimated Earnings on Uncompleted Contracts (Tables)

v3.8.0.1
Costs and Estimated Earnings on Uncompleted Contracts (Tables)
9 Months Ended
Sep. 30, 2017
Costs and Estimated Earnings on Uncompleted Contracts [Abstract]  
Summary of costs and estimated earnings on uncompleted contracts

 

   

September 30,

2017

   

December 31,

2016

 
Costs incurred on uncompleted contracts   $ 1,979,931     $ 316,722  
Provision for loss on uncompleted contracts     -       -  
Estimated earnings to date on uncompleted contracts     135,876       40,488  
      2,115,807       357,210  
Less: billings to date     (2,859,498 )     (372,339 )
    $ (743,691 )   $ (15,129 )
 
Summary of costs included in condensed consolidated balance sheets

 

   

September 30,

2017

   

December 31,

2016

 
Costs and estimated earnings in excess of billings on uncompleted contracts   $ 59,224     $ 33,349  
Billings in excess of costs and estimated earnings on uncompleted contracts     (802,915 )     (48,478 )
    $ (743,691 )     (15,129 )