NOTE 5 - COSTS AND ESTIMATED EARNINGS ON UNCOMPLETED CONTRACTS (Tables)

9 Months Ended

Mar. 31, 2016

Notes to Financial Statements

Information relating to uncompleted contracts

(Amounts in thousands) (UNAUDITED)

Information relating to uncompleted contracts is as follows:

	March 31, 2016		June 30, 2015
Costs incurred on uncompleted contracts	$	2,310	$	1,862
Estimated earnings		1,622		1,371
Subtotal		3,932		3,233
Less: Billings to date		3,908		2,693
Total Costs and estimated earnings in excess of billings on uncompleted contracts	$	24	$	540

Included in the accompanying condensed consolidated balance sheets

(Amounts in thousands) (UNAUDITED)

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

	March 31, 2016		June 30, 2015
Costs and estimated earnings in excess of billings on uncompleted contracts	$	279	$	682
Less: Billings in excess of costs and estimated earnings on uncompleted contracts		255		142
Total Costs and estimated earnings in excess of billings on uncompleted contracts	$	24		540