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Contracts In Process (Tables)
9 Months Ended
Dec. 31, 2014
Contracts In Process [Abstract]  
Summary Of Contract In Process

 

 

 

 

 

 

 

 

December 31, 2014

 

March 31, 2014

Costs incurred on uncompleted contracts

 

$

2,214,908 

 

$

1,549,313 

Estimated earnings

 

 

675,895 

 

 

670,596 

 

 

 

2,890,803 

 

 

2,219,909 

Less billings to date

 

 

(2,893,563)

 

 

(1,878,654)

Contracts in process

 

$

(2,760)

 

$

341,255 

 

 

 

 

 

 

 

Contracts in process are reflected in the accompanying consolidated condensed balance sheets as follows:

 

 

 

 

 

 

 

Costs and estimated earnings in excess of billings on

 

 

 

 

 

 

uncompleted contracts

 

$

36,760 

 

$

341,255 

Billings in excess of costs and estimated earnings on

 

 

 

 

 

 

uncompleted contracts

 

 

(39,520)

 

 

 -

Contracts in process

 

$

(2,760)

 

$

341,255