Note 4 - Uncompleted Contracts

9 Months Ended

Sep. 30, 2011

Long-term Contracts or Programs Disclosure [Text Block]

NOTE 4:                      UNCOMPLETED CONTRACTS

Costs and estimated earnings in excess of billings on uncompleted contracts and Billings in excess of costs and estimated earnings on uncompleted contracts are summarized as follows:

	September 30, 2011			December 31, 2010
	(Unaudited)
Costs incurred on uncompleted contracts	$	8,291,229		$	2,089,096
Estimated earnings		8,167,749			2,935,315
		16,458,978			5,024,411
Billings to date		(16,321,121	)		(5,689,413	)
	$	137,857		$	(665,002	)
Included in accompanying balance sheets under the following captions:
Cost and estimated earnings in excess of billings on uncompleted contracts	$	2,022,008		$	1,658,689
Billings in excess of costs and estimated earnings on uncompleted contracts	$	(1,884,151	)	$	(2,323,691	)