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COSTS, BILLINGS, AND ESTIMATED EARNINGS ON UNCOMPLETED CONTRACTS (Tables)
12 Months Ended
Dec. 31, 2012
COSTS, BILLINGS, AND ESTIMATED EARNINGS ON UNCOMPLETED CONTRACTS  
Schedule of components of uncompleted contracts

 

 

2012

 

2011

 

Costs incurred on uncompleted contracts and estimated earnings

 

$

11,299,753

 

$

5,785,132

 

Less billings to date

 

(8,793,159

)

(1,621,409

)

 

 

$

2,506,594

 

$

4,163,723

 

Schedule of components of uncompleted contracts reflected in the consolidated balance sheets

 

 

2012

 

2011

 

Costs and estimated earnings in excess of billings on uncompleted contracts

 

$

6,263,943

 

$

5,101,478

 

Billings in excess of costs and estimated earnings on uncompleted contracts

 

(3,757,349

)

(937,755

)

 

 

$

2,506,594

 

$

4,163,723