v3.25.2
UNCOMPLETED CONTRACTS
3 Months Ended
Mar. 31, 2025
Contractors [Abstract]  
UNCOMPLETED CONTRACTS

NOTE 8 – UNCOMPLETED CONTRACTS

 

Costs, estimated earnings and billings on uncompleted contracts are as follows:

 

   March 31,   December 31, 
   2025   2024 
   (unaudited)   * 
Revenue recognized  $601,200   $- 
Less: billings to date   (579,700)   - 
           
Contract assets   21,500    - 
           
Billings to date   3,763,400    3,481,700 
Revenue recognized   (2,614,000)   (2,352,100)
           
Contract liabilities  $1,149,400   $1,129,600