NOTE 4 – CONTRACT ASSETS AND LIABILITIES

12 Months Ended

Jun. 30, 2021

Regulated Operations [Abstract]

NOTE 4 – CONTRACT ASSETS AND LIABILITIES

NOTE 4 – CONTRACT ASSETS AND LIABILITIES

Information relating to uncompleted contracts as of June 30, 2021 and 2020 about contract assets and contract (liabilities) is as follows:

`Costs and Estimated Earnings on Uncompleted Contracts
	As of June 30,
	2021			2020
Costs incurred on uncompleted contracts	$	294,783		$	448,437
Estimated earnings		567,978			309,248
Costs and estimated earnings on uncompleted contracts		862,761			757,685
Less: Billings to date		877,500			604,852
Costs and estimated earnings in excess of billings on uncompleted contracts	$	(14,739	)	$	152,833