XML 41 R16.htm IDEA: XBRL DOCUMENT v2.4.0.6
ACCOUNTS RECEIVABLE (Tables)
6 Months Ended
Jun. 30, 2012
ACCOUNTS RECEIVABLE [Abstract]  
Accounts Receivable

 

    June 30, 2012     December 31, 2011  
             
Contracts receivable   $ 568,177     $ 494,395  
                 
Costs and estimated earnings on uncompleted contracts     1,175       349  
                 
Accounts receivable, net     569,352       494,744  
                 
Short term  receivable (contract retention)             47,817  
Long term  receivable (contract retention)     -       205,313  
    $ 569,352     $ 747,874  

 


Costs and Estimated Earnings on Uncompleted Contracts

 

    June 30, 2012     December 31, 2011  
             
Costs incurred on uncompleted contracts   $ 6,010,743     $ 33,898,851  
Estimated earnings     541,715       2,563,744  
                 
Total billable costs and estimated earnings     6,552,458       36,462,595  
Less:                
Billings to date     6,560,263       36,464,398  
                 
Total   $ (7,805 )   $ (1,803 )
                 
Included in accompanying balance sheet:                
                 
Unbilled costs and estimated earnings on uncompleted contracts included in accounts receivable   $ 1,175     $ 349  
Billings in excess of costs and estimated earnings on uncompleted contracts     (8,980 )     (2,152 )
                 
Total   $ (7,805 )   $ (1,803 )