Note 4 - Contracts in Progress

12 Months Ended

Nov. 30, 2011

Long-term Contracts or Programs Disclosure [Text Block]

(4)           Contracts in Progress

Amounts included in the consolidated financial statements related to uncompleted contracts are as follows:

The amounts billed on these long term contracts are due 30 days from invoice date.  All amounts billed are expected to be collected within the next 12 months.  Retainage was $84,208 and $32,867 as of November 30, 2011 and 2010, respectively.

	Cost and Profit in Excess of Billings			Billings in Excess of Costs and Profit
November 30, 2011
Costs	$	1,275,286		$	271,593
Estimated earnings		604,199			135,785
		1,879,485			407,378
Less:  amounts billed		(1,714,755	)		(481,430	)
	$	164,730		$	(74,052	)
November 30, 2010
Costs	$	2,507,704		$	486,317
Estimated earnings		555,517			185,922
		3,063,221			672,239
Less:  amounts billed		(2,806,482	)		(713,810	)
	$	256,739		$	(41,571	)