NOTE 5 - CONTRACTS (Tables)

6 Months Ended

Jun. 30, 2012

Schedule of Costs and estimated earnings and billings on uncompleted contracts [Table Text Block]

Costs, estimated earnings and billings on uncompleted contracts consisted of the following at June 30, 2012 and December 31, 2011:

	June 30, 2012			December 31, 2011
	(dollars in thousands)
Costs incurred on uncompleted contracts	$	42,845		$	43,455
Estimated earnings on uncompleted contracts	6,415			5,591
Earned revenues	49,260			49,046
Less: billings to date	39,256			46,677
Net costs and estimated earnings in excess of billings on uncompleted contracts	$	10,004		$	2,369
Costs and estimated earnings in excess of billings on uncompleted contracts	$	10,585		$	6,790
Billings in excess of costs and estimated earnings on uncompleted contracts	(581		)	(4,421		)
Net costs and estimated earnings in excess of billings on uncompleted contracts	$	10,004		$	2,369