Quarterly report [Sections 13 or 15(d)]

Contracts in Progress

v3.25.3
Contracts in Progress
 9 Months Ended
Sep. 30, 2025
Contracts in Progress [Abstract]  
Contracts in Progress NOTE 4 – CONTRACTS IN PROGRESS

Billings in excess of costs and estimated earnings as of September 30, 2025 and December 31, 2024 are as follows:

September 30, 2025

December 31, 2024

Billings to date

$

3,148,278

$

3,055,354

Costs incurred on uncompleted contracts

596,008

1,120,213

Estimated earnings

662,438

1,490,831

Cost plus estimated earnings

1,258,446

2,611,044

Billings in excess of costs plus estimated earnings on uncompleted contracts

$

1,889,832

$

444,310

Costs and estimated earnings in excess of billings as of September 30, 2025 and December 31, 2024 are as follows:

September 30, 2025

December 31, 2024

Costs incurred on uncompleted contracts

$

3,352,006

$

1,233,151

Estimated earnings

3,187,573

1,219,234

Total costs and estimated earnings

6,539,579

2,452,385

Billings to date

5,742,189

1,891,737

Costs and estimated earnings in excess of billings on uncompleted contracts

$

797,390

$

560,648