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NOTE 4 - COSTS AND ESTIMATED EARNINGS ON UNCOMPLETED CONTRACTS (Tables)
12 Months Ended
Jun. 30, 2017
Notes to Financial Statements  
Costs and Estimated Earnings on Uncompleted Contracts

Information relating to uncompleted contracts as of June 30, 2017 and 2016 is as follows:

 

   As of June 30,
   2017  2016
Costs incurred on uncompleted contracts  $1,030,675   $893,976 
Estimated earnings   999,433    491,476 
    2,030,108    1,385,452 
Less: Billings to date   1,294,047    1,592,075 
   $736,061   $(206,623)

 

Costs and Estimated Earnings

Included in the accompanying consolidated balance sheets under the following captions:

 

   As of June 30,
   2017  2016
Costs and estimated earnings in excess of billings on uncompleted contracts  $736,061   $—   
Less:  Billings in excess of costs and estimated earnings on uncompleted contracts   —      206,623 
   $736,061   $(206,623)