CONTRACT ACCOUNTING (Schedule of Contract Liabilities on Uncompleted Contracts) (Details) - USD ($) |
Jun. 30, 2018 |
Dec. 31, 2017 |
---|---|---|
Revenue from Contract with Customer [Abstract] | ||
Billings and/or cash receipts on uncompleted contracts | $ 3,978,831 | $ 573,847 |
Less: Costs and estimated earnings recognized | (2,209,865) | (373,437) |
Contract liabilities | $ 1,768,966 | $ 200,410 |
X | ||||||||||
- Definition Costs and estimated earnings recognized. No definition available.
|
X | ||||||||||
- Definition Costs and estimated earnings recognized. No definition available.
|
X | ||||||||||
- Definition Liability attributable to (i) billings in excess of costs under the percentage of completion contract accounting method representing the difference between contractually invoiced amounts (billings) and revenue recognized based, for example, on costs incurred to estimated total costs at period end or (ii) contractually invoiced amounts (billings) in excess of costs incurred and accumulated under the completed contract accounting method. No definition available.
|
X | ||||||||||
- References No definition available.
|