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COSTS AND ESTIMATED EARNINGS ON UNCOMPLETED CONTRACTS (Tables)
6 Months Ended
Jun. 30, 2016
Contractors [Abstract]  
Schedule of costs and estimated earnings in excess of billings on uncompleted contracts

Costs and estimated earnings in excess of billings on uncompleted contracts consist of:

 

    June 30, 2016
    U.S.        
    Government   Commercial   Total
             
Costs incurred on uncompleted Contracts   $ 371,414,845     $ 139,315,072     $ 510,729,917  
Estimated earnings     55,185,377       53,583,053       108,768,430  
Sub-total     426,600,222       192,898,125       619,498,347  
Less billings to date     377,641,991       148,244,511       525,886,502  
Costs and estimated earnings in excess of billings on uncompleted contracts   $ 48,958,231     $ 44,653,614     $ 93,611,845  

 

    December 31, 2015
    U.S.        
    Government   Commercial   Total
             
Costs incurred on uncompleted Contracts   $ 349,458,368     $ 123,078,356     $ 472,536,724  
Estimated earnings     62,718,792       49,539,299       112,258,091  
Sub-total     412,177,160       172,617,655       584,794,815  
Less billings to date     353,601,903       128,745,963       482,347,866  
Costs and estimated earnings in excess of billings on uncompleted contracts   $ 58,575,257     $ 43,871,692     $ 102,446,949  

 

The above amounts are included in the accompanying balance sheets under the following captions at June 30, 2016 and December 31, 2015:

 

    June 30, 2016   December 31, 2015
                 
Costs and estimated earnings in excess of billings on
uncompleted contracts
  $ 93,990,022     $ 102,622,387  
Billings in excess of costs and estimated earnings on
uncompleted contracts
    (378,177 )     (175,438 )
                 
Totals   $ 93,611,845     $ 102,446,949