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UNCOMPLETED CONTRACTS
9 Months Ended
Sep. 30, 2024
Contractors [Abstract]  
UNCOMPLETED CONTRACTS

NOTE 8 – UNCOMPLETED CONTRACTS

 

Costs, estimated earnings and billings on uncompleted contracts are as follows:

 

  September 30,   December 31, 
   2024   2023 
  (unaudited)   * 
Revenue recognized  $1,174,500   $621,800 
Less: billings to date   (1,140,200)   (604,800)
Contract assets   34,300    17,000 
Billings to date   2,752,500    2,262,000 
Revenue recognized   (2,066,700)   (1,432,200)
Contract liabilities  $685,800   $829,800