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Year Ended September 30,
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2013
|
2012
|
|||||||
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Costs incurred on contracts in progress
|
$ | 159,962,769 | $ | 177,189,987 | ||||
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Estimated earnings, net of estimated losses
|
3,929,091 | 10,229,134 | ||||||
| 163,891,860 | 187,419,121 | |||||||
| Less Billings to date | 158,554,791 | 177,867,911 | ||||||
| $ | 5,337,069 | $ | 9,551,210 | |||||
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Costs and estimated earnings in excess of billings on uncompleted contracts
|
$ | 9,034,956 | $ | 10,856,769 | ||||
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|
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Less Billings in excess of costs and estimated earnings on uncompleted contracts
|
3,697,887 | 1,305,559 | ||||||
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|
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|
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$ | 5,337,069 | $ | 9,551,210 | ||||