Note 3 - Costs and Estimated Earnings On Uncompleted Contracts

12 Months Ended

Dec. 31, 2015

Notes

Note 3 - Costs and Estimated Earnings On Uncompleted Contracts

Note 3 - Costs and Estimated Earnings on Uncompleted Contracts

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

	2015	2014
Total accumulated costs and estimated earnings on uncompleted contracts	$33,445	$29,629
Less total billings on uncompleted contracts	(34,745)	(33,106)
Ending balance	$(1,300)	$(3,477)

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

	2015	2014
Costs and estimated earnings in excess of billings on uncompleted contracts	$2,695	$1,699
Billings in excess of costs and estimated earnings on uncompleted contracts	(3,995)	(5,176)
Ending balance	$(1,300)	$(3,477)