3. CONTRACTS IN PROGRESS

12 Months Ended

Aug. 31, 2018

Contractors [Abstract]

CONTRACTS IN PROGRESS

NOTE 3 – CONTRACTS IN PROGRESS

Cost, estimated earnings, and billings on uncompleted contracts are summarized as follows as of August 31, 2018 and 2017:

	2018			2017
Revenues earned to date on uncompleted contracts	$	11,794,764		$	7,162,360
Billings to date on uncompleted contracts		(10,193,771	)		(5,898,236	)
	$	1,600,993		$	1,264,124

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

	2018			2017
Revenues in excess of billings	$	1,985,597		$	1,481,082
Billings in excess of revenues		(384,604	)		(216,958	)
	$	1,600,993		$	1,264,124