3. CONTRACTS IN PROGRESS

12 Months Ended

Aug. 31, 2017

Contractors [Abstract]

CONTRACTS IN PROGRESS

Cost, estimated earnings, and billings on uncompleted contracts are summarized as follows as of August 31, 2017 and 2016:

	2017			2016
Revenues earned to date on uncompleted contracts	$	7,162,360		$	2,557,507
Billings to date on uncompleted contracts		(5,898,236	)		(2,093,476	)
	$	1,264,124		$	464,031

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

	2017			2016
Revenues in excess of billings	$	1,481,082		$	694,131
Billings in excess of revenues		(216,958	)		(230,100	)
	$	1,264,124		$	464,031