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Note 5 - Contracts in Progress | 12 Months Ended
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Nov. 30, 2017
Notes to Financial Statements |
Long-term Contracts or Programs Disclosure [Text Block] |
( 5 ) | Contracts in Progress
Amounts included in the consolidated financial statements related to uncompleted contracts are as follows:
|  | Cost and Profit in |  |  | Billings in Excess of |
|  | Excess of Billings |  |  | Costs and Profit |
November 30, 2017 |  |  |  |  |  |  |  |
Costs |  | $ | 105,639 |  |  | $ | 612,370 |
Estimated earnings |  |  | 34,611 |  |  |  | 173,764 |
|  |  | 140,250 |  |  |  | 786,134 |
Less: amounts billed |  |  | (75,104 | ) |  |  | (834,345 | )
|  | $ | 65,146 |  |  | $ | (48,211 | )
November 30, 2016 |  |  |  |  |  |  |  |
Costs |  | $ | 121,118 |  |  | $ | 159,717 |
Estimated earnings |  |  | 27,231 |  |  |  | 65,471 |
|  |  | 148,349 |  |  |  | 225,188 |
Less: amounts billed |  |  | (40,000 | ) |  |  | (229,485 | )
|  | $ | 108,349 |  |  | $ | (4,297 | )
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 $37,052 and $0 as of November 30, 2017 and 2016, respectively.

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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 -URI http://asc.fasb.org/topic&trid=2122208 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 605 -SubTopic 35 -URI http://asc.fasb.org/subtopic&trid=2197326 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 912 -URI http://asc.fasb.org/topic&trid=2145070 + Details
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