Quarterly report pursuant to Section 13 or 15(d)

Costs and Estimated Earnings on Uncompleted Contracts (Tables)

v2.4.0.8
Costs and Estimated Earnings on Uncompleted Contracts (Tables)
 3 Months Ended
Mar. 31, 2014
Costs and Estimated Earnings on Uncompleted Contracts [Abstract]  
Summary of costs and estimated earnings on uncompleted contracts
 
2014
    
2013
  
Costs incurred on uncompleted contracts
  
$
239,083
    
$
228,643
  
Provision for loss on uncompleted contracts
    
11,630
      
9,896
  
Estimated income (loss)
    
(58,372
)
    
(47,932
)
     
192,341
      
190,607
  
Less:  billings to date
    
(214,956
)
    
(214,956
)
                 
   
$
(22,615
)
  
$
(24,349
)
 
Summary of costs and estimated earnings amounts on uncompleted contracts included in balance sheets
 
   
2014
    
2013
  
Costs and estimated earnings in excess of billings on uncompleted contracts
   $ -     $ -  
Billings in excess of cost and estimated earnings on uncompleted contracts
     (22,615 )     (24,349 )
    $ (22,615 )     (24,349 )