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Costs and Estimated Earnings on Uncompleted Contracts | 3 Months Ended | 12 Months Ended
--- | --- | ---
Mar. 31, 2017 | Dec. 31, 2016
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 March 31, 2017 and December 31, 2016:
|  | 2017 |  |  | 2016 |
Costs incurred on uncompleted contracts |  | $ | 323,411 |  |  | $ | 316,722 |
Provision for loss on uncompleted contracts |  |  | - |  |  |  | - |
Estimated income |  |  | 34,697 |  |  |  | 40,488 |
|  |  | 358,108 |  |  |  | 357,210 |
Less: billings to date |  |  | (371,665 | ) |  |  | (372,339 | )
|  | $ | (13,557 | ) |  | $ | (15,129 | )
The above amounts are included in the accompanying condensed consolidated balance sheets under the following captions at March 31, 2017 and December 31, 2016.
|  | 2017 |  |  | 2016 |
Costs and estimated earnings in excess of billings on uncompleted contracts |  | $ | 24,266 |  |  | $ | 33,349 |
Billings in excess of cost and estimated earnings on uncompleted contracts |  |  | (37,823 | ) |  |  | (48,478 | )
|  | $ | (13,557 | ) |  |  | (15,129 | )
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. |
5. | Costs and Estimated Earnings on Uncompleted Contracts
Costs and estimated earnings on uncompleted contracts consist of the following at December 31, 2016 and 2015:
|  |  | Successor 2016 |  |  | Predecessor 2015 |
| Costs incurred on uncompleted contracts |  | $ | 316,722 |  |  | $ | 18,363 |
| Provision for loss on uncompleted contracts |  |  | - |  |  |  | - |
| Estimated earnings (losses) |  |  | 40,488 |  |  |  | 6,786 |
|  |  |  | 357,210 |  |  |  | 25,149 |
| Less: billings to date |  |  | (372,339 | ) |  |  | (53,173 | )
|  |  | $ | (15,129 | ) |  | $ | (28,024 | )
The above amounts are included in the accompanying consolidated balance sheets under the following captions at December 31, 2016 and 2015.
|  |  | Successor 2016 |  |  | Predecessor 2015 |
| Costs and estimated earnings in excess of billings on uncompleted contracts |  | $ | 33,349 |  |  | $ | - |
| Billings in excess of cost and estimated earnings on uncompleted contracts |  |  | (48,478 | ) |  |  | (28,024 | )
|  |  | $ | (15,129 | ) |  | $ | (28,024 | )
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.

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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 912 -SubTopic 275 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=68065670&loc=d3e54651-109401 Reference 2: 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 3: 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 4: 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=68055288&loc=d3e56414-109416 Reference 5: 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=68076031&loc=d3e58033-111643 + Details
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