NOTE 5 - COSTS & ESTIMATED EARNINGS ON UNCOMPLETED CONTRACTS

3 Months Ended

Mar. 31, 2012

Notes to Financial Statements

NOTE 5 - COSTS & ESTIMATED EARNINGS ON UNCOMPLETED CONTRACTS

NOTE 5 - COSTS & ESTIMATED EARNINGS ON UNCOMPLETED CONTRACTS

1) Information relating to uncompleted contracts as of March 31, 2012 is as

follows:

(000's omitted)

Costs incurred on uncompleted contracts	$	2,613
Estimated earnings		1,862
		4,475
Less: Billings to date		4,107
	$	368

Included in the accompanying condensed consolidated balance sheet at March 31, 2012 under the following captions:

Costs and estimated earnings in excess of billings on       uncompleted contracts	$	1,172
Less: Billings in excess of costs and estimated earnings       on uncompleted contracts		804
	$	368

2) Customer advances consist of the following as of March 31, 2012:

	Total
Total Advances	$	7,415
Less: Advances
on contracts under construction		4,107
	$	3,308