NOTE 5 - COSTS & ESTIMATED EARNINGS ON UNCOMPLETED CONTRACTS

3 Months Ended

Dec. 31, 2011

Notes to Financial Statements

NOTE 5 - COSTS & EARNINGS ON UNCOMPLETED CONTRACTS & BILLINGS

NOTE 5 - COSTS & ESTIMATED EARNINGS ON UNCOMPLETED CONTRACTS

1) Information relating to uncompleted contracts as of December 31, 2011 is as

follows:

(000's omitted)

Costs incurred on uncompleted contracts	$	3,107
Estimated earnings		1,592
		4,699
Less: Billings to date		4,283
	$	416

Included in the accompanying condensed consolidated balance sheet at December 31, 2011 under the following captions:

Costs and estimated earnings in excess of billings on       uncompleted contracts	$	1,152
Less: Billings in excess of costs and estimated earnings       on uncompleted contracts		736
	$	416

2) Customer advances consist of the following as of December 31, 2011:

	Total		Related Party		Other
Total Advances	$	7,586	$	—	$	7,586
Less: Advances
on contracts under construction		4,283		—		4,283
	$	3,303	$	—	$	3,303