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Note 4 - Costs and Estimated Earnings On Uncompleted Contracts
12 Months Ended
Dec. 31, 2014
Notes  
Note 4 - Costs and Estimated Earnings On Uncompleted Contracts

Note 4 - Costs and Estimated Earnings on Uncompleted Contracts

 

Comparative information with respect to uncompleted contracts as of December 31:

 

 

2014

2013

Total accumulated costs and estimated earnings on uncompleted contracts

$48,295

$28,402

Less total billings on uncompleted contracts

(51,772)

(29,369)

 

$(3,477)

$(967)

 

 

 

 

The above amounts are reported in the consolidated balance sheets as of December 31 as follows:

 

 

 

2014

2013

Costs and estimated earnings in excess of billings on uncompleted contracts

$1,699

$2,391

Billings in excess of costs and estimated earnings on uncompleted contracts

(5,176)

(3,358)

 

$(3,477)

$(967)