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Costs and Estimated Earnings in Excess of Billings
 3 Months Ended
Dec. 31, 2016
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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, 2016 and September 30, 2016 consist of the following:

 

     December 31, 2016      September 30, 2016  

Costs incurred on uncompleted contracts

    $ 15,627,000       $ 8,898,000   

Estimated earnings

      6,012,000         3,124,000   
  

 

 

     

 

 

  
     21,639,000         12,022,000   

Billings to date

      14,948,000         7,101,000   
  

 

 

     

 

 

  

Costs and estimated earnings in excess of billings

    $ 6,691,000       $ 4,921,000