Quarterly report pursuant to Section 13 or 15(d)

Contracts in Progress (Tables)

v3.24.2.u1
Contracts in Progress (Tables)
 6 Months Ended
Jun. 30, 2024
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 June 30, 2024 and December 31, 2023 are as follows:

June 30, 2024

December 31, 2023

Billings to date

$

2,106,313

$

2,131,579

Costs incurred on uncompleted contracts

414,228

1,208,444

Estimated earnings

278,535

483,046

Cost plus estimated earnings

692,763

1,691,490

Billings in excess of costs plus estimated earnings on uncompleted contracts

$

1,413,550

$

440,089

Costs and estimated earnings in excess of billings as of June 30, 2024 and December 31, 2023 are as follows:

June 30, 2024

December 31, 2023

Costs incurred on uncompleted contracts

$

16,018

$

119,782

Estimated earnings

12,061

396,174

Total costs and estimated earnings

28,079

515,956

Billings to date

23,464

458,715

Costs and estimated earnings in excess of billings on uncompleted contracts

$

4,615

$

57,241