XML 20 R10.htm IDEA: XBRL DOCUMENT v3.10.0.1

Costs and Estimated Earnings on Uncompleted Contracts

9 Months Ended

Sep. 30, 2018

Costs and Estimated Earnings on Uncompleted Contracts [Abstract]

Costs and Estimated Earnings on Uncompleted Contracts

4. Costs and Estimated Earnings on Uncompleted Contracts

Costs and estimated earnings on uncompleted contracts consisted of the following at September 30, 2018 and December 31, 2017:

		September 30, 2018				December 31, 2017
Costs incurred on uncompleted contracts		$	9,183,162			$	3,681,965
Estimated earnings to date on uncompleted contracts			719,589				328,273
Gross contract assets			9,902,751				4,010,238
Less: billings to date			(11,876,802	)			(5,622,111	)
Net contract assets (liabilities)		$	(1,974,051	)		$	(1,611,873	)

The above amounts are included in the accompanying condensed consolidated balance sheets under the following captions at September 30, 2018 and December 31, 2017.

		September 30, 2018				December 31, 2017
Costs and estimated earnings in excess of billings on uncompleted contracts		$	107,689			$	61,175
Billings in excess of costs and estimated earnings on uncompleted contracts			(2,081,740	)			(1,673,048	)
Net contract assets (liabilities)		$	(1,974,051	)		$	(1,611,873	)

X

- References

No definition available.

+ Details

Name:	us-gaap_ContractorsAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The entire disclosure for long-term contracts or programs.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 912
-URI http://asc.fasb.org/topic&trid=2145070

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-URI http://asc.fasb.org/topic&trid=2122208

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 605
-SubTopic 35
-URI http://asc.fasb.org/subtopic&trid=2197326

+ Details

Name:	us-gaap_LongTermContractsOrProgramsDisclosureTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration