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NOTE 9 - CONTRACT ACCOUNTING (Tables) | 12 Months Ended
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Dec. 31, 2018
Contractors [Abstract] |
Schedule of contract billings | At December 31, 2018 and 2017, contract assets on uncompleted contracts consisted of the following:
|  | 2018 |  |  | 2017 |
Costs and estimated earnings recognized |  | $ | 4,273,057 |  |  | $ | 1,613,731 |
Less: Billings or cash received |  |  | (3,064,453 | ) |  |  | (1,189,938 | )
Contract Assets |  | $ | 1,208,604 |  |  | $ | 423,793 |
At December 31, 2018 and 2017, contract liabilities on uncompleted contracts consisted of the following:
|  | 2018 |  |  | 2017 |
Billings and/or cash receipts on uncompleted contracts |  | $ | 8,563,241 |  |  | $ | 573,847 |
Less: Costs and estimated earnings recognized |  |  | (6,314,412 | ) |  |  | (373,437 | )
Contract Liabilities |  | $ | 2,248,829 |  |  | $ | 200,410 |

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- Definition Tabular disclosure for billings on uncompleted contracts in excess of costs and costs of uncompleted contracts in excess of billings. + References No definition available. + Details
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