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Contracts in Progress (Tables)
9 Months Ended
Sep. 30, 2019
Contractors [Abstract]  
Summary of Contracts in Progress

 

 

 

 

 

 

 

 

    

September 30, 

    

December 31, 

 

 

2019

 

2018

Costs incurred on uncompleted contracts

 

$

766,399

 

$

461,144

Estimated earnings

 

 

137,592

 

 

73,170

 

 

 

903,991

 

 

534,314

Less: Billings to date

 

 

(914,723)

 

 

(546,858)

 

 

$

(10,732)

 

$

(12,544)

Included in the accompanying Consolidated Balance Sheet under the following captions:

 

 

  

 

 

  

Costs and estimated earnings in excess of billings on uncompleted contracts

 

$

38,280

 

$

9,217

Billings in excess of costs and estimated earnings on uncompleted contracts

 

 

(49,012)

 

 

(21,761)

 

 

$

(10,732)

 

$

(12,544)