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3. CONTRACT ACCOUNTING AND ACCOUNTS RECEIVABLE (Tables)
 12 Months Ended
Dec. 31, 2012
Receivables [Abstract]  
Costs In Excess Of Billings And Billings InExcess Of Costs
Revenues Recognized   $ 302,378  
Less: Billings or cash receipts on uncompleted contracts     (259,798 )
Costs and estimated earnings in excess of billings on uncompleted contracts   $ 42,580  

 

Billings in excess of costs and estimated earnings on uncompleted contracts represents billings and/or cash received that exceed accumulated revenues recognized on uncompleted contracts accounted for under the percentage of completion contract method (See Note 1).

 

At December 31, 2012, billings in excess of costs and estimated earnings on uncompleted contracts consisted of the following for contracts accounted for using the percentage of completion method of accounting:

 

Billings and/or cash receipts on uncompleted contract   $ 60,000  
Less: Revenues recognized     (33,162 )
Billings in excess of costs and estimated earnings on uncompleted contracts   $ 26,838  

 

At December 31, 2011, billings in excess of costs and estimated earnings on uncompleted contracts consisted of the following for contracts accounted for using the percentage of completion method of accounting:

 

Billings and/or cash receipts on uncompleted contract   $ 1,743,753  
Less: Revenues recognized     (1,640,832 )
Billings in excess of costs and estimated earnings on uncompleted contracts   $ 102,921  
Accounts receivable
    December 31, 2012     December 31, 2011  
Accounts receivable   $ 342,770     $ 1,472,716  
Less: Allowance for doubtful accounts     (13,254 )     (27,742 )
Accounts receivable, Net   $ 329,516     $ 1,444,974