XML 35 R11.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note 4 - Uncompleted Contracts
 12 Months Ended
Dec. 31, 2011
Long-term Contracts or Programs Disclosure [Text Block]
Note 4 – Uncompleted Contracts

Costs, estimated earnings, and billings on uncompleted contracts are summarized as follows:

   
2011
   
2010
 
             
Costs incurred on uncompleted contracts
  $ 11,253,624     $ 2,089,096  
             Estimated earnings
    10,120,760       2,935,315  
      21,374,384       5,024,411  
             Billings to date
    (19,650,770 )     (5,689,413 )
    $ 1,723,614     $ (665,002 )
                 
Included in accompanying balance sheets
               
        Under the following captions:
               
                 
Costs and estimated earnings in excess of billings on uncompleted contracts
  $ 3,410,824     $ 1,658,689  
                 
Billings in excess of costs and estimated earnings on uncompleted contracts
  $ (1,687,210 )   $ (2,323,691 )