v3.25.2
Contracts in Process
 3 Months Ended
Mar. 31, 2025
Contracts in Process  
Contracts in Process

Note 3. Contracts in Process

 

The net liability position for pool construction contracts in process consisted of the following as of March 31, 2025, are:

 

Costs on uncompleted contracts

 

$59,597

 

Estimated earnings

 

 

25,130

 

Less: Progress billings

 

 

192,147

 

Contract liabilities, net

 

$(107,420 )

 

The net liability position for contracts in process is included in the accompanying consolidated balance sheets as of March 31, 2025 are:

 

Costs and estimated earnings in excess of billings on uncompleted contracts

 

$-

 

Billings in excess of costs and estimated earnings on uncompleted contracts

 

 

107,420

 

Contract liabilities

 

$107,420