COSTS AND ESTIMATED EARNINGS ON UNCOMPLETED CONTRACTS (Table)

3 Months Ended

Jul. 31, 2012

Costs and Estimated Earnings on Uncompleted Contracts

Schedule of Costs and Estimated Earnings on Uncompleted Contracts

Costs and estimated earnings on uncompleted contracts consist of the following at July 31, 2012 and April 30, 2012:

	July 31, 2012			April 30, 2012
Costs incurred on uncompleted contracts	$	78,067,151		$	76,682,610
Provision for loss on uncompleted contracts		(247,769	)		(1,886,896	)
Estimated contract (loss) profit		(528,384	)		2,242,232
		77,290,998			77,037,946
Less: billings to date		77,429,115			79,291,760
Total	$	(138,117	)	$	(2,253,814	)
Costs and estimated earnings in excess of billings on uncompleted contracts	$	2,310,399		$	1,340,379
Billings in excess of costs and estimated earnings on uncompleted contracts		(2,448,516	)		(3,594,193	)
Total	$	(138,117	)	$	(2,253,814	)