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

Contracts in Progress (Tables)

v3.26.1
Contracts in Progress (Tables)
 12 Months Ended
Dec. 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 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