Note 5 - Contracts in Progress

12 Months Ended

Nov. 30, 2016

Notes to Financial Statements

Long-term Contracts or Programs Disclosure [Text Block]

(5) Contracts in Progress

Amounts included in the consolidated financial statements related to uncompleted contracts are as follows:

The amounts billed on these long term contracts are due

30

days from invoice date. All amounts billed are expected to be collected within the next

12

months. Retainage was

$0

and

$27,951

as of

November

30,

2016

and

2015,

respectively.

	Cost and Profit in			Billings in Excess of
	Excess of Billings			Costs and Profit
November 30, 2016
Costs	$	121,118		$	159,717
Estimated earnings		27,231			65,471
		148,349			225,188
Less: amounts billed		(40,000	)		(229,485	)
	$	108,349		$	(4,297	)
November 30, 2015
Costs	$	233,544		$	695,915
Estimated earnings		75,822			227,442
		309,366			923,357
Less: amounts billed		(102,694	)		(1,010,215	)
	$	206,672		$	(86,858	)