Costs and Estimated Earnings in Excess of Billings

12 Months Ended

Sep. 30, 2023

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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, 2023 and 2022 consisted of the following:

	September 30,
	2023		2022
Costs incurred on uncompleted contracts	$	18,468,000	$	12,660,000
Estimated earnings		7,939,000		4,780,000
		26,407,000		17,440,000
Billings to date		24,899,000		15,322,000
Costs and estimated earnings in excess of billings	$	1,508,000	$	2,118,000