ACCOUNTS RECEIVABLE

3 Months Ended

Mar. 31, 2012

ACCOUNTS RECEIVABLE [Abstract]

ACCOUNTS RECEIVABLE

2.  ACCOUNTS RECEIVABLE

Accounts receivable consists of the following:

	March 31, 2012		December 31, 2011
Contracts receivable	$	92,758	$	494,395
Costs and estimated earnings on uncompleted contracts		785		349
Accounts receivable, net		93,543		494,744
Short term  receivable (contract retention)		47,817		47,817
Long term  receivable (contract retention)		205,313		205,313
	$	346,673	$	747,874

Contracts receivable are expected to be collected within a year.

	March 31, 2012		December 31, 2011
Costs incurred on uncompleted contracts	$	5,634,262	$	33,898,851
Estimated earnings		435,381		2,563,744
Total billable costs and estimated earnings		6,069,643		36,462,595
Less:
Billings to date		6,068,858		36,464,398
Total	$	785	$	(1,803	)
Included in accompanying balance sheet:
Unbilled costs and estimated earnings on uncompleted contracts included in accounts receivable	$	785	$	349
Billings in excess of costs and estimated earnings on uncompleted contracts		-		(2,152	)
Total	$	785	$	(1,803	)