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Costs and Estimated Earnings in Excess of Billings

6 Months Ended

Mar. 31, 2014

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Costs and Estimated Earnings in Excess of Billings

Note 4 – 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 March 31, 2014 consist of the following:

		March 31, 2014
Costs incurred on uncompleted contracts		$	5,043,000
Estimated earnings			2,398,000
			7,441,000
Billings to date			1,968,000
Costs and estimated earnings in excess of billings		$	5,473,000

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Costs and estimated earnings in excess of billings.

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