NOTE 4 - COSTS AND ESTIMATED EARNINGS ON UNCOMPLETED CONTRACTS (Tables)

12 Months Ended

Jun. 30, 2015

Notes to Financial Statements

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