March 31, 2025

December 31, 2024

Costs incurred on uncompleted contracts

$

4,762

$

4,281

Estimated earnings on uncompleted contracts

5,243

4,925

Estimated loss on uncompleted contracts

–

(100

)

10,005

9,106

Less: Billings to date on uncompleted contracts

(8,736

)

(6,682

)

$

1,269

$

2,424

Included in the accompanying unaudited condensed consolidated balance sheets under the following captions:

Accounts receivable, net

$

4,947

$

2,767

Contract assets

1,799

3,080

Contract liabilities

(530

)

(656

)

$

6,216

$

5,191