| 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, 2026 and December 31, 2025 are as follows:
|
|
|
|
|
|
|
March 31, 2026 |
|
December 31, 2025 |
|
|
|
|
|
|
Billings to date |
$ |
3,200,915 |
|
$ |
3,828,333 |
|
|
|
|
|
|
Costs incurred on uncompleted contracts |
|
825,092 |
|
|
1,001,817 |
Estimated earnings |
|
1,026,678 |
|
|
1,162,649 |
Cost plus estimated earnings |
|
1,851,770 |
|
|
2,164,466 |
|
|
|
|
|
|
Billings in excess of costs plus estimated earnings on uncompleted contracts |
$ |
1,349,145 |
|
$ |
1,663,867 |
Costs and estimated earnings in excess of billings as of March 31, 2026 and December 31, 2025 are as follows:
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|
|
|
|
|
|
March 31, 2026 |
|
December 31, 2025 |
|
|
|
|
|
|
Costs incurred on uncompleted contracts |
$ |
3,587,045 |
|
$ |
3,283,890 |
Estimated earnings |
|
4,114,884 |
|
|
3,817,017 |
Total costs and estimated earnings |
|
7,701,929 |
|
|
7,100,907 |
Billings to date |
|
7,462,330 |
|
|
6,442,730 |
Costs and estimated earnings in excess of billings on uncompleted contracts |
$ |
239,599 |
|
$ |
658,177 |
|