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ACCOUNTS RECEIVABLE (Tables)
6 Months Ended
Jun. 30, 2013
ACCOUNTS RECEIVABLE [Abstract]  
Schedule of Accounts Receivable

Accounts receivable consists of the following:

 

    June 30, 2013     December 31, 2012  
             
Contracts receivable   $ 2,091     $ 46,221  
Costs and estimated earnings on uncompleted contracts     -       1,743  
                 
Accounts receivable, net   $ 2,091     $ 47,964  

 

Contracts receivable are expected to be collected within a year.

Summary of Costs and Estimated Earnings on Uncompleted Contracts

Costs and Estimated Earnings on Uncompleted Contracts

 

    June 30, 2013     December 31, 2012  
             
Costs incurred on uncompleted contracts   $ 697,459     $ 6,350,706  
Estimated earnings     48,642       601,755  
                 
Total billable costs and estimated earnings     746,101       6,952,461  
Less:                
Billings to date     746,101       6,950,718  
                 
Total   $ -     $ 1,743  
                 
Included in accompanying balance sheet:                
                 
Unbilled costs and estimated earnings on uncompleted contracts included in accounts receivable   $ -     $ 1,743  
Billings in excess of costs and estimated earnings on uncompleted contracts     -       -  
                 
Total   $ -     $ 1,743