UNCOMPLETED CONTRACTS

3 Months Ended

Dec. 31, 2018

Contractors [Abstract]

UNCOMPLETED CONTRACTS

6. UNCOMPLETED CONTRACTS

Costs, estimated earnings, and billings on uncompleted contracts as of December 31, 2018 and September 30, 2018 are summarized as follows:

	December 31,		September 30,
	2018		2018
Costs incurred on contracts in progress	$	134,224,608	$	154,793,209
Estimated earnings, net of estimated losses		16,630,258		11,687,859
		150,854,866		166,481,068
Less billings to date		141,880,503		164,388,894
	$	8,974,363	$	2,092,174
Contract assets	$	10,531,124	$	5,353,375
Less contract liabilities		1,556,761		3,261,201
	$	8,974,363	$	2,092,174

Backlog at December 31, 2018 and September 30, 2018 was $59.3 million and $71.1 million, respectively.