Costs and Estimated Earnings in Excess of Billings

3 Months Ended

Dec. 31, 2013

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Costs and Estimated Earnings in Excess of Billings

Note 4 – Costs and Estimated Earnings in Excess of Billings

There were no costs and estimated earnings in excess of billings on uncompleted contracts as of September 30, 2013. Costs and estimated earnings in excess of billings on uncompleted contracts as of December 31, 2013 consist of the following:

	December 31, 2013
Costs incurred on uncompleted contracts	$	5,763,000
Estimated earnings		1,793,000
		7,556,000
Billings to date		5,230,000
Costs and estimated earnings in excess of billings	$	2,326,000