ACCOUNTS RECEIVABLE

12 Months Ended

Dec. 31, 2013

ACCOUNTS RECEIVABLE [Abstract]

ACCOUNTS RECEIVABLE

NOTE 3 - ACCOUNTS RECEIVABLE

Our accounts receivable balance as of December 31, 2013 and 2012 included contract receivables related to completed and in progress contracts, and costs and estimated earnings on uncompleted contracts. Costs and estimated earnings on uncompleted contracts represent amounts that are billable under the terms of contracts at the end of the year, were invoiced in the following year and are generally expected to be collected within a year.

Accounts receivable consist of the following as of:

	December 31,
	2013		2012
Contracts receivable	$	1,875	$	46,221
Cost and estimated earnings (uncompleted contracts)		-		1,743
Accounts receivable, net	$	1,875	$	47,964

Contracts at December 31, 2013 are expected to be collected within a year. There are no claims or unapproved change orders included in contract receivables at December 31, 2013 and 2012.

Costs and Estimated Earnings on Uncompleted Contracts

	December 31,
	2013		2012
Costs incurred on uncompleted contracts	$	6,030,151	$	6,350,706
Estimated earnings		460,173		601,755
Total billable costs and estimated earnings		6,490,324		6,952,461
Less:
Billings to date		6,490,324		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