BILLINGS IN EXCESS OF COSTS

3 Months Ended

12 Months Ended

Oct. 31, 2016

Jul. 31, 2016

BILLINGS IN EXCESS OF COSTS [Text Block]

NOTE 6 – BILLINGS IN EXCESS OF COSTS

Billings in excess of costs consist of the following:

		October 31, 2016			July 31, 2016
		(Unaudited)
Costs incurred on uncompleted contracts	$	1,506,659		$	853,787
Billings to date		(952,240	)		(143,135	)
	$	554,419		$	710,652
Included in the accompanying balance sheets as follows:
Costs in excess of billings on uncompleted contracts	$	832,390		$	710,652
Billings on uncompleted contracts in excess of costs		(277,971	)		-
	$	554,419		$	710,652

NOTE 6 – BILLINGS IN EXCESS OF COSTS

Billings in excess of costs consist of the following:

								July 31,
		July 31, 2016			July 31, 2015			2014
Costs incurred on uncompleted contracts	$	853,787		$	2,033,840		$	7,863,873
Billings to date		(143,135	)		(5,523,616	)		(11,710,958	)
	$	710,652		$	(3,489,776	)	$	(3,847,085	)
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	)		(3,847,085	)
	$	710,652		$	(3,489,776	)	$	(3,847,085	)