Costs and Estimated Earnings in Excess of Billings

12 Months Ended

Sep. 30, 2014

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Costs and Estimated Earnings in Excess of Billings

NOTE 3 - COSTS AND ESTIMATED EARNINGS IN EXCESS OF BILLINGS

Costs and estimated earnings in excess of billings on uncompleted contracts as of September 30, 2014 consisted of the following:

	September 30, 2014
Costs incurred on uncompleted contracts	$	846,000
Estimated earnings		279,000
		1,125,000
Billings to date		781,000
Costs and estimated earnings in excess of billings	$	344,000

There were no costs and estimated earnings in excess of billings on uncompleted contracts as of September 30, 2013.