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NOTE 4 - COSTS AND ESTIMATED EARNINGS ON UNCOMPLETED CONTRACTS AND CUSTOMER ADVANCES (Tables) | 12 Months Ended
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Jun. 30, 2012
Notes to Financial Statements |
Costs Earnings And Billings |
|  | As of June 30,
|  | 2012 |  | 2011
Costs incurred on uncompleted Contracts |  | $ | 3,745,307 |  |  | $ | 1,868,568 |
Estimated earnings |  |  | 2,670,289 |  |  |  | 1,077,387 |
|  |  | 6,415,596 |  |  |  | 2,945,955 |
Less: Billings to date |  |  | 5,287,000 |  |  |  | 2,780,557 |
|  | $ | 1,128,596 |  |  | $ | 165,398 |
Uncompleted Contracts Less Billings In Excess Of Costs |
|  | As of June 30,
|  | 2012 |  | 2011
Costs and estimated earnings in excess of billings on uncompleted contracts |  | $ | 1,128,596 |  |  | $ | 169,443 |
Less: Billings in excess of costs and estimated earnings on uncompleted contracts |  |  | — |  |  |  | 4,045 |
|  | $ | 1,128,596 |  |  | $ | 165,398 |
Customer Advances |
|  | As of June 30,
|  | 2012 |  | 2011
Total advances |  | $ | 9,168,284 |  |  | $ | 7,626,351 |
Less: Advances on contracts under construction |  |  | 5,287,000 |  |  |  | 2,780,557 |
|  | $ | 3,881,284 |  |  | $ | 4,845,794 |

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