Note 4 - Contracts in Progress

3 Months Ended

Mar. 31, 2017

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 percentage of completion type contracts in progress are summarized as follows:

	March 31, 2017			December 31, 2016
Costs incurred on contract in progress	$	7,940,004		$	4,678,192
Estimated earnings		9,450,692			10,733,826
		17,390,696			15,412,018
Billings to date		(20,299,851	)		(18,077,839	)
	$	(2,909,155	)	$	(2,665,821	)
Included in accompanying balance sheets under the following captions:
Costs and estimated earnings in excess of billings on contracts in progress	$	1,743,666		$	2,596,518
Billings in excess of costs and estimated earnings on contracts in progress	$	(4,652,821	)		(5,262,339	)
	$	(2,909,155	)	$	(2,665,821	)