Costs and Estimated Earnings in Excess of Billings and Billings in Excess of Costs and Estimated Earnings

9 Months Ended

Jun. 30, 2021

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Costs and Estimated Earnings in Excess of Billings and Billings in Excess of Costs and Estimated Earnings [Text block]

Note 4 – Costs and Estimated Earnings in Excess of Billings and Billings in Excess of Costs and Estimated Earnings

Billings in excess of costs and estimated earnings on uncompleted contracts as of June 30, 2021, and costs and estimated earnings in excess of billings on uncompleted contracts as of September 30, 2020, consist of the following:

	June 30, 2021		September 30, 2020
Costs incurred on uncompleted contracts	$	7,975,000	$	10,390,000
Estimated earnings		3,368,000		4,680,000
		11,343,000		15,070,000
Billings to date		12,028,000		8,665,000
Costs and estimated earnings in excess of billings	$	—	$	6,405,000
Billings in excess of costs and estimated earnings	$	685,000	$	—