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COSTS, BILLINGS, AND ESTIMATED EARNINGS ON UNCOMPLETED CONTRACTS (Tables)
12 Months Ended
Dec. 31, 2014
COSTS, BILLINGS, AND ESTIMATED EARNINGS ON UNCOMPLETED CONTRACTS  
Schedule of components of uncompleted contracts

 

The components of uncompleted contracts are as follows at December 31:

 

 

 

2014

 

2013

 

Costs incurred on uncompleted contracts and estimated earnings

 

$

2,326,653

 

$

2,476,716

 

Less billings to date

 

(4,737,861

)

(816,989

)

 

 

$

(2,411,208

)

$

1,659,727

 

 

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

 

The components of uncompleted contracts are reflected in the consolidated balance sheets as follows at December 31:

 

 

 

2014

 

2013

 

Costs and estimated earnings in excess of billings on uncompleted contracts

 

$

2,039,894

 

$

2,312,947

 

Billings in excess of costs and estimated earnings on uncompleted contracts

 

(4,451,102

)

(653,220

)

 

 

$

(2,411,208

)

$

1,659,727