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Note 3 - Costs and Estimated Earnings on Uncompleted Contracts (Tables)
12 Months Ended
Dec. 31, 2017
Tables/Schedules  
Schedule of Costs and Estimated Earnings on Uncompleted Contracts

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

 

 

 

2017

 

2016

 

 

 

 

 

 

Total accumulated costs and estimated earnings on uncompleted contracts

 

$ 31,548   

 

$ 31,634   

Less total billings on uncompleted contracts

 

 

(33,359)  

 

(35,096)  

Ending balance

 

 

$ (1,811)  

 

$ (3,462)  

 

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

 

 

 

2017

 

2016

 

 

 

 

 

 

Costs and estimated earnings in excess of billings on uncompleted contracts

 

$ 2,763   

 

$ 3,038   

Billings in excess of costs and estimated earnings on uncompleted contracts

 

(4,574)  

 

(6,500)  

Ending balance

 

 

$ (1,811)  

 

$ (3,462)