3. CONTRACTS IN PROGRESS

12 Months Ended

Aug. 31, 2016

Contractors [Abstract]

CONTRACTS IN PROGRESS

Cost, estimated earnings, and billings on uncompleted contracts are summarized as follows as of August 31, 2016 and 2015:

	2016			2015
Revenues earned to date on uncompleted contract	$	2,557,507		$	3,155,123
Billings to date on uncompleted contracts		(2,093,476	)		(2,466,532	)
	$	464,031		$	688,591

Contracts in progress are included in the accompanying balance sheets under the following captions:

	2016			2015
Revenues in excess of billings	$	694,131		$	795,125
Billings in excess of revenues		(230,100	)		(106,534	)
	$	464,031		$	688,591