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Costs and Estimated Earnings in Excess of Billings

3 Months Ended

Dec. 31, 2017

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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, 2017 and September 30, 2017 consist of the following:

		December 31, 2017				September 30, 2017
Costs incurred on uncompleted contracts		$	14,252,000			$	10,250,000
Estimated earnings			4,221,000				3,161,000
			18,473,000				13,411,000
Billings to date			12,746,000				6,643,000
Costs and estimated earnings in excess of billings		$	5,727,000			$	6,768,000

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