Envision Solar International, Inc. | 2013 | FY | 3


At December 31, 2013, billings in excess of costs and estimated earnings on uncompleted contracts consisted of the following for contracts accounted for using the percentage of completion method of accounting:

 

Billings and/or cash receipts on uncompleted contract   $ 166,334  
Less: Revenues recognized     (3,205 )
Billings in excess of costs and estimated earnings on uncompleted
contracts
  $ 163,129  

 

At December 31, 2012, billings in excess of costs and estimated earnings on uncompleted contracts consisted of the following for contracts accounted for using the percentage of completion method of accounting:

 

Billings and/or cash receipts on uncompleted contract   $ 60,000  
Less: Revenues recognized     (33,162 )
Billings in excess of costs and estimated earnings on uncompleted contracts   $ 26,838  


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