| Contracts in Progress |
NOTE 4 – CONTRACTS IN PROGRESS
Billings in excess of costs and estimated earnings as of March 31, 2024 and December 31, 2023 are as follows:
|
|
March 31, 2024 |
|
December 31, 2023 |
|
|
|
|
|
|
Billings to date |
$ |
2,214,317 |
|
$ |
2,131,579 |
|
|
|
|
|
|
Costs incurred on uncompleted contracts |
|
1,241,722 |
|
|
1,208,444 |
Estimated earnings |
|
769,728 |
|
|
483,046 |
Cost plus estimated earnings |
|
2,011,450 |
|
|
1,691,490 |
|
|
|
|
|
|
Billings in excess of costs plus estimated earnings on uncompleted contracts |
$ |
202,867 |
|
$ |
440,089 |
Costs and estimated earnings in excess of billings as of March 31, 2024 and December 31, 2023 are as follows:
|
|
|
|
|
|
|
March 31, 2024 |
|
December 31, 2023 |
|
|
|
|
|
|
Costs incurred on uncompleted contracts |
$ |
20,194 |
|
$ |
119,782 |
Estimated earnings |
|
34,800 |
|
|
396,174 |
Total costs and estimated earnings |
|
54,994 |
|
|
515,956 |
Billings to date |
|
48,424 |
|
|
458,715 |
Costs and estimated earnings in excess of billings on uncompleted contracts |
$ |
6,570 |
|
$ |
57,241 |
|