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Costs and Estimated Earnings in Excess of Billings
12 Months Ended
Sep. 30, 2013
Text Block [Abstract]  
Costs and Estimated Earnings in Excess of Billings

NOTE 3 - COSTS AND ESTIMATED EARNINGS IN EXCESS OF BILLINGS

There were no costs and estimated earnings in excess of billings on uncompleted contracts as of September 30, 2013. Costs and estimated earnings in excess of billings on uncompleted contracts as of September 30, 2012 consisted of the following:

 

     September 30, 2012  

Costs incurred on uncompleted contracts

   $ 4,986,000   

Estimated earnings

     1,518,000   
  

 

 

 
     6,504,000   

Billings to date

     3,056,000   
  

 

 

 

Costs and estimated earnings in excess of billings

   $ 3,448,000