Annual report pursuant to Section 13 and 15(d)

NOTE 8 - CONTRACT ACCOUNTING (Tables)

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NOTE 8 - CONTRACT ACCOUNTING (Tables)
 12 Months Ended
Dec. 31, 2015
Contract Accounting [Abstract]  
Costs and Estimated Earnings in Excess of Billings on Uncompleted Contracts

Costs and Estimated Earnings in Excess of Billings on Uncompleted Contracts

  

    2015     2014  
Costs and estimated earnings recognized   $ 2,322,836     $ 990,799  
Less: Billings or cash received     (1,901,720 )     (772,490 )
Costs and estimated earnings in excess of billings on uncompleted contracts   $ 421,116     $ 218,309  
Billings in Excess of Costs and Estimated Earnings on Uncompleted Contracts

Billings in Excess of Costs and Estimated Earnings on Uncompleted Contracts

 

    2015     2014  
Billings and/or cash receipts on uncompleted contracts   $ 1,146,804     $ 394,517  
Less: Costs and estimated earnings recognized     (843,740 )     (240,734 )
Billings in excess of costs and estimated earnings on uncompleted contracts   $ 303,064     $ 153,783