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Costs and Estimated Earnings on Uncompleted Contracts
 9 Months Ended
Sep. 30, 2013
Costs and Estimated Earnings on Uncompleted Contracts [Abstract]  
Costs and Estimated Earnings on Uncompleted Contracts
5.           Costs and Estimated Earnings on Uncompleted Contracts
 
Costs and estimated earnings on uncompleted contracts consist of the following at September 30, 2013 and December 31, 2012:
 
   
2013
    
2012
  
Costs incurred on uncompleted contracts
  
$
735,025
    
$
177,529
  
Provision for loss on uncompleted contracts
    
10,177
 
    
6,680
 
Estimated income (loss)
    
(25,249
) 
    
6,156
  
     
719,953
      
190,365
  
Less:  billings to date
    
(422,582
) 
    
(223,678
) 
                 
   
$
297,371
    
$
(33,313
)
 
The above amounts are included in the accompanying condensed consolidated balance sheets under the following captions at September 30, 2013 and December 31, 2012.
 
   
2013
    
2012
  
Costs and estimated earnings in excess of billings on uncompleted contracts
  
$
324,370
    
$
36,476
  
Billings in excess of cost and estimated earnings on uncompleted contracts
    
(26,999
 )     
(69,789
 ) 
   
$
297,371
    
$
(33,313
 ) 
 
Although management believes it has established adequate procedures for estimating costs to complete on open contracts, it is at least reasonably possible that additional significant costs could occur on contracts prior to completion. The Company periodically evaluates and revises its estimates and makes adjustments when they are considered necessary.

As of September 30, 2013 and December 31, 2012, the Company has accrued anticipated losses on uncompleted contracts in the amount of $10,177 and $6,680, respectively. This amount is included in cost of revenue on the accompanying condensed consolidated statements of operations and comprehensive loss and is included in accounts payable and accrued expenses on the accompanying condensed consolidated balance sheets.