Quarterly report pursuant to Section 13 or 15(d)

Contracts in Progress (Tables)

v3.24.3
Contracts in Progress (Tables)
 9 Months Ended
Sep. 30, 2024
Contracts in Progress [Abstract]  
Billings in Excess of Costs and Estimated Earnings and Costs and Estimated Earnings in Excess of Billings Billings in excess of costs and estimated earnings as of September 30, 2024 and December 31, 2023 are as follows:

September 30, 2024

December 31, 2023

Billings to date

$

2,302,747

$

2,131,579

Costs incurred on uncompleted contracts

840,716

1,208,444

Estimated earnings

997,061

483,046

Cost plus estimated earnings

1,837,777

1,691,490

Billings in excess of costs plus estimated earnings on uncompleted contracts

$

464,970

$

440,089

Costs and estimated earnings in excess of billings as of September 30, 2024 and December 31, 2023 are as follows:

September 30, 2024

December 31, 2023

Costs incurred on uncompleted contracts

$

1,162,957

$

119,782

Estimated earnings

1,108,077

396,174

Total costs and estimated earnings

2,271,034

515,956

Billings to date

1,887,014

458,715

Costs and estimated earnings in excess of billings on uncompleted contracts

$

384,020

$

57,241