UNCOMPLETED CONTRACTS

9 Months Ended

Jun. 30, 2022

UNCOMPLETED CONTRACTS

UNCOMPLETED CONTRACTS

7.  UNCOMPLETED CONTRACTS

Costs, estimated earnings, and billings on uncompleted contracts as of June 30, 2022, and September 30, 2021, are summarized as follows:

	June 30, 2022		September 30, 2021
Costs incurred on contracts in progress	$	91,041,602	$	64,903,618
Estimated earnings, net of estimated losses		13,060,983		13,280,334
		104,102,585		78,183,952
Less billings to date		98,180,380		72,606,840
	$	5,922,205	$	5,577,112
Costs and estimated earnings in excess of billed on uncompleted contracts	$	11,937,080	$	8,730,402
Less billings in excess of costs and estimated earnings on uncompleted contracts		6,014,875		3,153,290
	$	5,922,205	$	5,577,112

Backlog at June 30, 2022, and September 30, 2021, was $135.0 million and $72.2 million, respectively.