Quarterly report [Sections 13 or 15(d)]

Contracts in Progress (Tables)

v3.25.1
Contracts in Progress (Tables)
 3 Months Ended
Mar. 31, 2025
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 March 31, 2025 and December 31, 2024 are as follows:

March 31, 2025

December 31, 2024

Billings to date

$

577,002

$

3,055,354

Costs incurred on uncompleted contracts

202,295

1,120,213

Estimated earnings

76,534

1,490,831

Cost plus estimated earnings

278,829

2,611,044

Billings in excess of costs plus estimated earnings on uncompleted contracts

$

298,173

$

444,310

Costs and estimated earnings in excess of billings as of March 31, 2025 and December 31, 2024 are as follows:

March 31, 2025

December 31, 2024

Costs incurred on uncompleted contracts

$

2,575,623

$

1,233,151

Estimated earnings

2,419,974

1,219,234

Total costs and estimated earnings

4,995,597

2,452,385

Billings to date

4,302,776

1,891,737

Costs and estimated earnings in excess of billings on uncompleted contracts

$

692,821

$

560,648