Note 3 - Costs and Estimated Earnings On Uncompleted Contracts

12 Months Ended

Dec. 31, 2016

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:

	2016	2015
Total accumulated costs and estimated earnings on uncompleted contracts	$31,634	$33,445
Less total billings on uncompleted contracts	(35,096)	(34,745)
Ending balance	$(3,462)	$(1,300)

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

	2016	2015
Costs and estimated earnings in excess of billings on uncompleted contracts	$3,038	$2,695
Billings in excess of costs and estimated earnings on uncompleted contracts	(6,500)	(3,995)
Ending balance	$(3,462)	$(1,300)