Note 6 - Contracts in Progress

3 Months Ended

Mar. 31, 2013

Contracts In Progress [Text Block]

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, 2013			December 31, 2012
Costs incurred on uncompleted contracts	$	8,494		$	7,067
Estimated earnings		1,681			1,330
Total revenues		10,175			8,397
Less: billings to date		10,265			8,762
Total	$	(90	)	$	(365	)
Balance sheet classification:
Costs in excess of billings on uncompleted contracts	$	97		$	99
Billings in excess of costs on uncompleted contracts		(187	)		(464	)
Total	$	(90	)	$	(365	)