Accounts Receivable

6 Months Ended

Jun. 30, 2011

Accounts Receivable [Abstract]

Accounts Receivable

2.           ACCOUNTS RECEIVABLE

Accounts receivable consists of the following:

	June 30, 2011		December 31, 2010
Contracts receivable	$	526,936	$	2,012,027
Costs and estimated earnings on uncompleted contracts		528		10,265
Accounts receivable, net		527,464		2,022,292
Short term receivable (contract retention)		47,817		47,817
Long term receivable (contract retention)		205,313		205,313
	$	780,594	$	2,275,422

Contracts receivable are expected to be collected within a year.

Costs and Estimated Earnings on Uncompleted Contracts

	June 30, 2011			December 31, 2010
Costs incurred on uncompleted contracts	$	33,079,293		$	29,648,466
Estimated earnings		2,499,802			2,359,922
Total billable costs and estimated earnings		35,579,095			32,008,388
Less:
Billings to date		35,580,181			32,004,628
Total	$	(1,086	)	$	3,760
Included in accompanying balance sheet:
Unbilled costs and estimated earnings on uncompleted contracts included in accounts receivable	$	528		$	10,265
Billings in excess of costs and estimated earnings on uncompleted contracts		(1,614	)		(6,505	)
Total	$	(1,086	)	$	3,760