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Costs and Estimated Earnings in Excess of Billings

3 Months Ended

Dec. 31, 2012

Costs and Estimated Earnings in Excess of Billings [Abstract]

Costs and Estimated Earnings in Excess of Billings

Note 4 – Costs and Estimated Earnings in Excess of Billings

Costs and estimated earnings in excess of billings on uncompleted contracts as of December 31, 2012 and September 30, 2012 consist of the following:

		December 31, 2012				September 30, 2012
Costs incurred on uncompleted contracts		$	2,297,000			$	4,986,000
Estimated earnings			837,000				1,518,000
			3,134,000				6,504,000
Billings to date			1,040,000				3,056,000
Costs and estimated earnings in excess of billings		$	2,094,000			$	3,448,000

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Costs and estimated earnings in excess of billings.

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