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BILLINGS IN EXCESS OF COSTS (Tables)
12 Months Ended
Jul. 31, 2016
Billings in Excess of Costs [Table Text Block]

 

  July 31, 2016     July 31, 2015  

Costs incurred on uncompleted contracts

$ 853,787   $ 2,033,840  

 

           

Billings to date

  (143,135 )   (5,523,616 )

 

           

 

$ 710,652   $ (3,489,776 )

 

           

Included in the accompanying balance sheets as follows:

           

Costs in excess of billings on uncompleted contracts

$ 710,652   $   -  

Billings on uncompleted contracts in excess of costs

  -     (3,489,776 )

 

           

 

$ 710,652   $ (3,489,776 )