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Contracts in Progress
3 Months Ended
Mar. 31, 2012
Contracts in Progress [Abstract]  
CONTRACTS IN PROGRESS

NOTE 6. CONTRACTS IN PROGRESS

Costs and estimated earnings on contracts in progress as of the periods indicated are summarized in the following table (in thousands):

 

                 
    March 31,
2012
    December 31,
2011
 

Costs incurred on uncompleted contracts

  $ 4,679     $ 3,193  

Estimated earnings

    1,011       855  
   

 

 

   

 

 

 

Total revenues

    5,690       4,048  

Less: billings to date

    6,188       4,031  
   

 

 

   

 

 

 

Total

  $ (498   $ 17  
   

 

 

   

 

 

 

Balance sheet classification:

               

Costs in excess of billings on uncompleted contracts

  $ 74     $ 171  

Billings in excess of costs on uncompleted contracts

    (572     (154
   

 

 

   

 

 

 

Total

  $ (498   $ 17