Note 4 - Contracts in Progress

9 Months Ended

Sep. 30, 2015

Notes to Financial Statements

Long-term Contracts or Programs Disclosure [Text Block]

NOTE 4:     CONTRACTS IN PROGRESS

Costs and estimated earnings in excess of billings on contracts in progress are summarized as follows:

	September 30, 2015			December 31, 2014
Costs incurred on contracts in progress	$	8,242,038		$	4,250,300
Estimated earnings		9,052,783			4,541,377
		17,294,821			8,791,677
Billings to date		(15,535,877	)		(7,621,523	)
	$	1,758,944		$	1,170,154
Included in accompanying balance sheets under the following captions:
Costs and estimated earnings in excess of billings on contracts in progress	$	2,511,970		$	2,498,662
Billings in excess of costs and estimated earnings on contracts in progress	$	(753,026	)	$	(1,328,508	)