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Costs and Estimated Earnings on Uncompleted Contracts
 12 Months Ended
Dec. 31, 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 December 31, 2013 and 2012:
 
  
2013
  
2012
 
Costs incurred on uncompleted contracts
 
$
228,643
  
$
177,529
 
Provision for loss on uncompleted contracts
  
9,896
   
6,680
 
Estimated earnings (losses)
  
(47,932
)   
6,156
 
   
190,607
   
190,365
 
Less:  billings to date
  
(214,956
)   
(223,678
) 
  
$
(24,349
) 
$
(33,313
)
 
The above amounts are included in the accompanying balance sheets under the following captions at December 31, 2013 and 2012.
 
  
2013
  
2012
 
Costs and estimated earnings in excess of billings on uncompleted contracts
 
$
-
  
$
36,476
 
Billings in excess of cost and estimated earnings on uncompleted contracts
  
(24,349
)   
(69,789
) 
  
$
(24,349
) 
$
(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 costs in excess of current estimates could be incurred on contracts prior to completion. The Company periodically evaluates and revises its estimates and makes adjustments when they are considered necessary.
As of December 31, 2013 and 2012, the Company has accrued anticipated losses on uncompleted contracts in the amount of $9,896 and $6,860, respectively. This amount is included in cost of revenue on the accompanying consolidated statements of operations and comprehensive loss and is included in accounts payable and accrued expenses on the accompanying consolidated balance sheets.