Costs and Estimated Earnings in Excess of Billings

3 Months Ended

Dec. 31, 2014

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Costs and Estimated Earnings in Excess of Billings

Note 4 – Costs and Estimated Earnings in Excess of Billings

Costs and estimated earnings in excess of billings on uncompleted contracts as of December 31, 2014 and September 30, 2014 consist of the following:

	December 31, 2014		September 30, 2014
Costs incurred on uncompleted contracts	$	2,740,000	$	846,000
Estimated earnings		910,000		279,000
		3,650,000		1,125,000
Billings to date		1,292,000		781,000
Costs and estimated earnings in excess of billings	$	2,358,000	$	344,000