Note 4 - Contracts in Progress

12 Months Ended

Nov. 30, 2014

Notes to Financial Statements

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 $8,048 and $0 as of November 30, 2014 and 2013, respectively.

	Cost and Profit in			Billings in Excess of
	Excess of Billings			Costs and Profit
November 30, 2014
Costs	$	14,724		$	623,670
Estimated earnings		4,819			204,114
		19,543			827,784
Less: amounts billed		(2,000	)		(924,166	)
	$	17,543		$	(96,382	)
November 30, 2013
Costs	$	326,560		$	115,789
Estimated earnings		106,848			21,470
		433,408			137,259
Less: amounts billed		(391,170	)		(154,980	)
	$	42,238		$	(17,721	)