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COSTS AND ESTIMATED EARNINGS ON UNCOMPLETED CONTRACTS (Tables)

12 Months Ended

Apr. 30, 2014

Costs and Estimated Earnings On Uncompleted Contracts

Schedule of Costs and Estimated Earnings on Uncompleted Contracts

Costs and estimated earnings on uncompleted contracts consist of the following at April 30:

		April 30, 2014			April 30, 2013
Costs incurred on uncompleted contracts		$	14,457,907		$	61,281,224
Provision for loss on uncompleted contracts			-			(11,148)
Estimated contract earnings (losses)			3,291,077			(1,850,297)
			17,748,984			59,419,779
Less: Billings to date			18,766,199			60,434,797
Total		$	(1,017,215)		$	(1,015,018)
Costs and estimated earnings in excess of billings on uncompleted contracts		$	431,348		$	329,141
Billings in excess of cost and estimated earnings on uncompleted contracts			1,448,563			1,344,159
Total		$	(1,017,215)		$	(1,015,018)

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Tabular disclosure of information concerning the costs and estimated earnings on uncompleted contracts.

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