NOTE 5 - COSTS AND ESTIMATED EARNINGS ON UNCOMPLETED CONTRACTS

6 Months Ended

Dec. 31, 2014

Notes to Financial Statements

NOTE 5 - COSTS AND ESTIMATED EARNINGS ON UNCOMPLETED CONTRACTS

NOTE 5 – COSTS AND ESTIMATED EARNINGS ON UNCOMPLETED CONTRACTS

Information relating to uncompleted contracts is as follows:

	December 31, 2014		June 30, 2014
Costs incurred on uncompleted contracts	$	2,973	$	1,885
Estimated earnings		2,252		1,746
Subtotal		5,225		3,631
Less: Billings to date		4,667		3,013
Total Costs and estimated earnings in excess of billings on uncompleted contracts	$	558	$	618

Included in the accompanying condensed consolidated balance sheets under the following captions:

	December 31, 2014		June 30, 2014
Costs and estimated earnings in excess of billings on uncompleted contracts	$	726	$	760
Less: Billings in excess of costs and estimated earnings on uncompleted contracts		168		142
Total Costs and estimated earnings in excess of billings on uncompleted contracts	$	558		618