Annual report [Section 13 and 15(d), not S-K Item 405]

Contracts in Progress

v3.26.1
Contracts in Progress
 12 Months Ended
Dec. 31, 2025
Contracts in Progress [Abstract]  
Contracts in Progress NOTE 4 – CONTRACTS IN PROGRESS

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

Year Ended December 31

2025

2024

Billings to date

$

3,828,333

$

3,055,354

Costs incurred on uncompleted contracts

1,001,817

1,120,213

Estimated earnings

1,162,649

1,490,831

Cost plus estimated earnings

2,164,466

2,611,044

Billings in excess of costs plus estimated earnings on uncompleted contracts

$

1,663,867

$

444,310

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

Year Ended December 31

2025

2024

Costs incurred on uncompleted contracts

$

3,283,890

$

1,233,151

Estimated earnings

3,817,017

1,219,234

7,100,907

2,452,385

Billings to date

6,442,730

1,891,737

Costs and estimated earnings in excess of billings on uncompleted contracts

$

658,177

$

560,648