Costs and Estimated Earnings on Uncompleted Contracts

6 Months Ended

Jun. 30, 2017

11. COSTS AND ESTIMATED EARNINGS ON UNCOMPLETED CONTRACTS

Costs and estimated earnings in excess of billings on uncompleted contracts are summarized as follows:

	June 30, 2017
Costs incurred on uncompleted contracts	$	94,817
Estimated earnings		18,073
		112,890
Billings to date		(122,304	)

	$	(9,414	)

Included in the accompanying balance sheets:
Costs and estimated earnings in excess of billings	$	5,966
Billings in excess of costs and estimated earnings		(15,380	)

Total	$	(9,414	)