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NOTE 8 - CONTRACT ACCOUNTING (Tables) | 12 Months Ended
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Dec. 31, 2016
Contract Accounting [Abstract] |
Costs and Estimated Earnings in Excess of Billings on Uncompleted Contracts | At December 31, 2016 and 2015, costs and estimated earnings in excess of billings on uncompleted contracts consisted of the following:
|  | 2016 |  |  | 2015 |
Costs and estimated earnings recognized |  | $ | 2,631,315 |  |  | $ | 2,322,836 |
Less: Billings or cash received |  |  | (2,154,642 | ) |  |  | (1,901,720 | )
Costs and estimated earnings in excess of billings on uncompleted contracts |  | $ | 476,673 |  |  | $ | 421,116 |
Billings in Excess of Costs and Estimated Earnings on Uncompleted Contracts | At December 31, 2016 and 2015, billings in excess of costs and estimated earnings on uncompleted contracts consisted of the following:
|  | 2016 |  |  | 2015 |
Billings and/or cash receipts on uncompleted contracts |  | $ | 396,609 |  |  | $ | 1,146,804 |
Less: Costs and estimated earnings recognized |  |  | (176,984 | ) |  |  | (843,740 | )
Billings in excess of costs and estimated earnings on uncompleted contracts |  | $ | 219,625 |  |  | $ | 303,064 |

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