4. BILLINGS, COSTS AND ESTIMATED EARNINGS ON UNCOMPLETED CONTRACTS

9 Months Ended

Sep. 30, 2016

Contractors [Abstract]

BILLINGS, COSTS AND ESTIMATED EARNINGS ON UNCOMPLETED CONTRACTS

The components of billings, costs and estimated earnings on uncompleted contracts are summarized below:

	September 30, 2016			December 31, 2015
Costs incurred on uncompleted contracts	$	9,879		$	3,220
Estimated earnings on uncompleted contracts		5,896			2,282
		15,775			5,502
Less: Billings to date on uncompleted contracts		(15,828	)		(4,194	)
	$	(53	)	$	1,308
Included in the accompanying consolidated balance sheets under the following captions:
Costs and estimated earnings in excess of billings on uncompleted contracts	$	2,202		$	1,354
Billings in excess of costs and estimated earnings on uncompleted contracts		(2,255	)		(46	)
	$	(53	)	$	1,308

The balance in costs and estimated earnings in excess of billings on uncompleted contracts at September 30, 2016 and December 31, 2015 consisted of earned but unbilled revenues related to fixed-price projects and time and material projects.

The balance in billings in excess of costs and estimated earnings on uncompleted contracts at September 30, 2016 and December 31, 2015 consisted of unearned billings related to fixed-price projects and time and material projects.