CONTRACT ACCOUNTING (Schedule of Contract Assets on Uncompleted Contracts) (Details) - USD ($) |
Mar. 31, 2018 |
Dec. 31, 2017 |
|---|---|---|
| Revenue from Contract with Customer [Abstract] | ||
| Costs and estimated earnings recognized | $ 1,200,590 | $ 1,613,731 |
| Less: Billings or cash received | (592,303) | (1,189,938) |
| Contract assets | $ 608,287 | $ 423,793 |
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- Definition Billings or cash received. No definition available.
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- Definition Costs and estimated earnings recognized. No definition available.
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- Definition Amount of receivable reflecting the cost incurred on uncompleted contracts in excess of related billings which is expected to be collected within one year or the normal operating cycle, if longer. Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef
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| X | ||||||||||
- References No definition available.
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