XML 20 R9.htm IDEA: XBRL DOCUMENT v3.8.0.1
Note 4 - Contracts in Progress
9 Months Ended
Sep. 30, 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 contracts
in progress are summarized as follows:
   
September
30, 2017
   
December 31, 201
6
 
                 
Costs incurred on contracts
in progress
  $
11,557,916
    $
4,678,192
 
Estimated earnings
   
19,302,951
     
10,733,826
 
     
30,876,962
     
15,412,018
 
Less:
Billings to date
   
26,634,938
     
(18,077,839
)
                 
Included in accompanying balance sheets under the following captions:
  $
4,242,024
    $
(2,665,821
)
                 
Costs and estimated earnings in excess of billings on contracts in progress
  $
4,457,926
    $
2,596,518
 
                 
Billings in excess of costs and estimated earnings on contracts in progress
   
(215,902
)    
(5,262,339
)
    $
4,242,024
    $
(2,665,821
)