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3. CONTRACT ACCOUNTING AND ACCOUNTS RECEIVABLE (Tables)
 12 Months Ended
Dec. 31, 2014
Receivables [Abstract]  
Costs in excess of billings and billings in excess of costs

At December 31, 2014, costs and estimated earnings in excess of billings on uncompleted contracts consisted of the following for contracts accounted for using the percentage of completion method of accounting:

 

Costs and estimated earnings recognized  $882,716 
Less: Billings or cash received   (790,050)
Costs and estimated earnings in excess of billings on uncompleted contracts  $92,666 

 

At December 31, 2014, 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  $15,000 
Less: Revenues recognized   (9,386)
Billings in excess of costs and estimated earnings on uncompleted contracts  $5,614 

 

At December 31, 2013, 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  $166,334 
Less: Revenues recognized   (3,205)
Billings in excess of costs and estimated earnings on uncompleted contracts  $163,129 
Accounts receivable
   December 31, 2014   December 31, 2013 
Accounts receivable  $114,917   $191,159 
Less: Allowance for doubtful accounts   (11,700)   (11,700)
Accounts receivable, Net  $103,217   $179,459