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Costs and Estimated Earnings in Excess of Billings
12 Months Ended
Sep. 30, 2021
Text Block [Abstract]  
Costs and Estimated Earnings in Excess of Billings
NOTE 3 - COSTS AND ESTIMATED EARNINGS IN EXCESS OF BILLINGS
Costs and estimated earnings in excess of billings on uncompleted contracts as of September 30, 2021 and 2020 consisted of the following:
 
 
  
September 30,
 
 
  
2021
 
  
2020
 
Costs incurred on uncompleted contracts
  
$
11,483,000
 
  
$
10,390,000
 
Estimated earnings
  
 
4,395,000
 
  
 
4,680,000
 
    
 
 
    
 
 
 
    
 
15,878,000
 
  
 
15,070,000
 
Billings to date
  
 
13,975,000
 
  
 
8,665,000
 
    
 
 
    
 
 
 
Costs and estimated earnings in excess of billings
  
$
1,903,000
 
  
$
6,405,000