ACCOUNTS RECEIVABLE

9 Months Ended

Sep. 30, 2011

Accounts Receivable [Abstract]

ACCOUNTS RECEIVABLE

2. ACCOUNTS RECEIVABLE

Accounts receivable consists of the following:

	September 30, 2011		December 31, 2010
Contracts receivable	$	373,660	$	2,012,027
Costs and estimated earnings on uncompleted contracts		667		10,265
Accounts receivable, net		374,327		2,022,292
Short term  receivable (contract retention)		47,817		47,817
Long term  receivable (contract retention)		205,313		205,313
	$	627,457	$	2,275,422

Contracts receivable are expected to be collected within a year.

Costs and Estimated Earnings on Uncompleted Contracts

	September 30, 2011			December 31, 2010
Costs incurred on uncompleted contracts	$	33,378,820		$	29,648,466
Estimated earnings		2,523,276			2,359,922
Total billable costs and estimated earnings		35,902,096			32,008,388
Less:
Billings to date		35,903,288			32,004,628
Total	$	(1,192	)	$	3,760
Included in accompanying balance sheet:
Unbilled costs and estimated earnings on uncompleted contracts included in accounts receivable	$	667		$	10,265
Billings in excess of costs and estimated earnings on uncompleted contracts		(1,859	)		(6,505	)
Total	$	(1,192	)	$	3,760