| Contracts in Progress |
NOTE 4 – CONTRACTS IN PROGRESS
Billings in excess of costs and estimated earnings as of June 30, 2026 and December 31, 2025 are as follows:
|
|
|
|
|
|
|
June 30, 2026 |
|
December 31, 2025 |
|
|
|
|
|
|
Billings to date |
$ |
4,230,627 |
|
$ |
3,828,333 |
|
|
|
|
|
|
Costs incurred on uncompleted contracts |
|
818,024 |
|
|
1,001,817 |
Estimated earnings |
|
942,465 |
|
|
1,162,649 |
Cost plus estimated earnings |
|
1,760,489 |
|
|
2,164,466 |
|
|
|
|
|
|
Billings in excess of costs plus estimated earnings on uncompleted contracts |
$ |
2,470,138 |
|
$ |
1,663,867 |
Costs and estimated earnings in excess of billings as of June 30, 2026 and December 31, 2025 are as follows:
|
|
|
|
|
|
|
June 30, 2026 |
|
December 31, 2025 |
|
|
|
|
|
|
Costs incurred on uncompleted contracts |
$ |
2,426,776 |
|
$ |
3,283,890 |
Estimated earnings |
|
3,038,526 |
|
|
3,817,017 |
Total costs and estimated earnings |
|
5,465,302 |
|
|
7,100,907 |
Billings to date |
|
5,263,364 |
|
|
6,442,730 |
Costs and estimated earnings in excess of billings on uncompleted contracts |
$ |
201,938 |
|
$ |
658,177 |
|