COSTS AND ESTIMATED EARNINGS ON UNCOMPLETED CONTRACTS (Tables)

6 Months Ended

Oct. 31, 2013

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 October 31, 2013 and April 30, 2013:

	October 31, 2013		April 30, 2013
Costs incurred on uncompleted contracts	$	50,890,087	$	72,951,142
Provision for loss on uncompleted contracts		(11,972)		(23,376)
Estimated contract profit		1,928,749		2,391,027
		52,806,864		75,318,793
Less: Billings to date		53,655,822		75,858,733
Totals	$	(848,958)	$	(539,940)
Costs and estimated earnings in excess of billings on uncompleted contracts	$	1,149,409	$	1,079,367
Billings in excess of cost and estimated earnings on uncompleted contracts		1,998,367		1,619,307
Totals	$	(848,958)	$	(539,940)