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Note 4 - Contracts in Progress | 12 Months Ended
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Nov. 30, 2014
Notes to Financial Statements |
Long-term Contracts or Programs Disclosure [Text Block] | (4) Contracts in Progress Amounts included in the consolidated financial statements related to uncompleted contracts are as follows: The amounts billed on these long term contracts are due 30 days from invoice date. All amounts billed are expected to be collected within the next 12 months. Retainage was $8,048 and $0 as of November 30, 2014 and 2013, respectively.
|  | Cost and Profit in |  |  | Billings in Excess of |
|  | Excess of Billings |  |  | Costs and Profit |
November 30, 2014 |  |  |  |  |  |  |  |
Costs |  | $ | 14,724 |  |  | $ | 623,670 |
Estimated earnings |  |  | 4,819 |  |  |  | 204,114 |
|  |  | 19,543 |  |  |  | 827,784 |
Less: amounts billed |  |  | (2,000 | ) |  |  | (924,166 | )
|  | $ | 17,543 |  |  | $ | (96,382 | )
November 30, 2013 |  |  |  |  |  |  |  |
Costs |  | $ | 326,560 |  |  | $ | 115,789 |
Estimated earnings |  |  | 106,848 |  |  |  | 21,470 |
|  |  | 433,408 |  |  |  | 137,259 |
Less: amounts billed |  |  | (391,170 | ) |  |  | (154,980 | )
|  | $ | 42,238 |  |  | $ | (17,721 | )

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- Definition The entire disclosure for long-term contracts or programs. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.3(c)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 912 -SubTopic 275 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6471736&loc=d3e54651-109401 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 605 -SubTopic 35 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=6407836&loc=d3e58033-111643 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.6(d)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 912 -SubTopic 405 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6471944&loc=d3e56414-109416 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 3, 6 -Article 5 + Details
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