ACCOUNTS RECEIVABLE

3 Months Ended

Mar. 31, 2013

ACCOUNTS RECEIVABLE [Abstract]

ACCOUNTS RECEIVABLE

2. ACCOUNTS RECEIVABLE

Accounts receivable consists of the following:

	March 31, 2013		December 31, 2012
Contracts receivable	$	6,990	$	46,221
Costs and estimated earnings on uncompleted contracts		1,828		1,743
Accounts receivable, net	$	8,818	$	47,964

Contracts receivable are expected to be collected within a year.

Costs and Estimated Earnings on Uncompleted Contracts

	March 31, 2013		December 31, 2012
Costs incurred on uncompleted contracts	$	694,167	$	6,350,706
Estimated earnings		53,471		601,755
Total billable costs and estimated earnings		747,638		6,952,461
Less:
Billings to date		745,810		6,950,718
Total	$	1,828	$	1,743
Included in accompanying balance sheet:
Unbilled costs and estimated earnings on uncompleted contracts included in accounts receivable	$	1,828	$	1,743
Billings in excess of costs and estimated earnings on uncompleted contracts		-		-
Total	$	1,828	$	1,743