Contracts Receivable consist of at: | ||||||||
December 31, 2013 | December 31, 2012 | |||||||
Billed | ||||||||
Completed Contracts | $ | 2,419,534 | $ | 1,853,640 | ||||
Contracts in Progress | 936,929 | 231,141 | ||||||
Retained | 810,246 | 969,677 | ||||||
Allowance for Bad Debts | (201,000 | ) | (161,000 | ) | ||||
Total | $ | 3,965,709 | $ | 2,893,458 | ||||