Costs and Estimated Earnings in Excess of Billings

3 Months Ended

Dec. 31, 2015

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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, 2015 and September 30, 2015 consist of the following:

	December 31, 2015		September 30, 2015
Costs incurred on uncompleted contracts	$	9,669,000	$	4,547,000
Estimated earnings		3,184,000		1,114,000
		12,853,000		5,661,000
Billings to date		8,809,000		3,265,000
Costs and estimated earnings in excess of billings	$	4,044,000	$	2,396,000