For the year ended December 31, 2013: |
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| as of December 31, 2013: |
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Costs incurred on uncompleted contracts |
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| $ | 2,969,074 |
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Estimated earnings on uncompleted contracts |
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| 1,319,248 |
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Revenues earned on uncompleted contracts |
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| 4,288,322 |
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Billings to date |
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| 3,997,387 |
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Total Net Amount |
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| $ | 290,935 |
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Amount shown as cost and estimated earnings in excess of billings on uncompleted contracts |
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| $ | 809,548 |
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Amount shown as billings in excess of costs and estimated earnings on uncompleted contracts |
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| (518,613 | ) |
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Total Net Amount |
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| $ | 290,935 |
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For the year ended December 31, 2012:
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| as of December 31, 2012: |
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Costs incurred on uncompleted contracts |
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| $ | 2,520,224 |
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Estimated earnings on uncompleted contracts |
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| 1,200,410 |
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Revenues earned on uncompleted contracts |
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| 3,720,634 |
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Billings to date |
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| 3,096,180 |
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Total Net Amount |
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| $ | 624,454 |
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Amount shown as cost and estimated earnings in excess of billings on uncompleted contracts |
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| $ | 663,191 |
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Amount shown as billings in excess of costs and estimated earnings on uncompleted contracts |
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| (38,737 | ) |
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Total Net Amount |
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| $ | 624,454 |
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