COSTS AND ESTIMATED EARNINGS ON UNCOMPLETED CONTRACTS (Tables)

6 Months Ended

Oct. 31, 2014

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, 2014 and April 30, 2014:

	October 31, 2014		April 30, 2014
Costs incurred on uncompleted contracts	$	22,752,512	$	14,457,907
Estimated contract earnings		4,919,540		3,291,077
		27,672,052		17,748,984
Less: Billings to date		29,427,293		18,766,199
Total	$	(1,755,241)	$	(1,017,215)
Costs and estimated earnings in excess of billings on uncompleted contracts	$	319,066	$	431,348
Billings in excess of cost and estimated earnings on uncompleted contracts		2,074,307		1,448,563
Total	$	(1,755,241)	$	(1,017,215)