NOTE 4 - COSTS AND ESTIMATED EARNINGS ON UNCOMPLETED CONTRACTS

12 Months Ended

Jun. 30, 2015

Notes to Financial Statements

NOTE 4 - COSTS AND ESTIMATED EARNINGS ON UNCOMPLETED CONTRACTS AND CUSTOMER ADVANCES

NOTE 4 - COSTS AND ESTIMATED EARNINGS ON UNCOMPLETED CONTRACTS

Information relating to uncompleted contracts as of June 30, 2015 and 2014 is as follows:

	As of June 30,
	2015		2014
Costs incurred on uncompleted contracts	$	1,861,350	$	1,884,984
Estimated earnings		1,371,093		1,745,608
		3,232,443		3,630,592
Less: Billings to date		2,693,000		3,013,000
	$	539,443	$	617,592

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

	As of June 30,
	2015		2014
Costs and estimated earnings in excess of billings on uncompleted contracts	$	681,660	$	759,809
Less:  Billings in excess of costs and estimated earnings on uncompleted contracts		142,217		142,217
	$	539,443	$	617,592