COSTS AND ESTIMATED EARNINGS IN EXCESS OF BILLINGS ON UNCOMPLETED CONTRACTS (Tables)

12 Months Ended

Dec. 31, 2013

COSTS AND ESTIMATED EARNINGS IN EXCESS OF BILLINGS ON UNCOMPLETED CONTRACTS [Abstract]

Costs and estimated earnings in excess of billings on uncompleted contracts

At December 31, 2013 and 2012, costs and estimated earnings in excess of billings on uncompleted contracts consist of:

	2013		2012
Costs incurred on uncompleted contracts		-	$	998,000
Estimated earnings		-		379,000
		-		1,377,000
Less: billings to date		-		(502,000	)
Cost and estimated earnings in excess of billings on uncompleted contracts	$	-	$	875,000