Costs and Estimated Earnings in Excess of Billings

3 Months Ended

Dec. 31, 2020

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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, 2020 and September 30, 2020 consist of the following:

	December 31, 2020		September 30, 2020
Costs incurred on uncompleted contracts	$	12,934,000	$	10,390,000
Estimated earnings		5,267,000		4,680,000
		18,201,000		15,070,000
Billings to date		13,492,000		8,665,000
Costs and estimated earnings in excess of billings	$	4,709,000	$	6,405,000