Note 4 - Contracts in Progress

9 Months Ended

Sep. 30, 2016

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, 2016			December 31, 2015
Costs incurred on contracts in progress	$	4,847,325		$	7,695,281
Estimated earnings		14,091,572			7,635,114
		18,938,897			15,330,395
Less: Billings to date		(24,909,939	)		(10,695,377	)
	$	(5,971,042	)	$	4,635,018
Included in accompanying balance sheets under the following captions:
Costs and estimated earnings in excess of billings on contracts in progress	$	3,159,828		$	4,635,018
Billings in excess of costs and estimated earnings on contracts in progress		(9,130,870	)		---
	$	(5,971,042	)	$	4,635,018