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NOTE 4 - COSTS, ESTIMATED EARNINGS ON UNCOMPLETED CONTRACTS, CUSTOMER ADVANCES - Costs, Earnings, Billings - (Details) (USD $) | Jun. 30, 2014 | Jun. 30, 2013
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Notes to Financial Statements |  |
Costs incurred on uncompleted contracts | $ 1,884,984 | $ 1,482,384
Estimated earnings | 1,745,608 | 1,191,141
Less: billings to date | 3,013,000 | 2,370,000
Unbilled contracts receivable | $ 617,592 | $ 303,525

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- Definition Amounts due for billed services rendered or to be rendered, actions taken or to be taken, or a promise to refrain from taking certain actions in accordance with the terms of a legally binding agreement between the Company and, at a minimum, one other party. An example would be amounts billed to customers under contracts or programs but not paid as of the balance sheet date. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 3 -Article 5 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.3(c)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
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