Costs and Estimated Earnings in Excess of Billings

9 Months Ended

Jun. 30, 2013

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Costs and Estimated Earnings in Excess of Billings

Note 4 – Costs and Estimated Earnings in Excess of Billings

Costs and estimated earnings in excess of billings on uncompleted contracts as of June 30, 2013 and September 30, 2012, consist of the following:

	June 30, 2013		September 30, 2012
Costs incurred on uncompleted contracts	$	8,217,000	$	4,986,000
Estimated earnings		3,041,000		1,518,000
		11,258,000		6,504,000
Billings to date		8,593,000		3,056,000
Costs and estimated earnings in excess of billings	$	2,665,000	$	3,448,000