CVD EQUIPMENT CORP | 2013 | FY | 3


Note 3 – Uncompleted Contracts


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


   

2013

   

2012

 

Costs incurred on uncompleted contracts

  $ 1,807,628     $ 10,733,663  

Estimated earnings

    1,229,038       9,465,412  
      3,036,666       20,199,075  

Billings to date

    (1,711,587 )     (17,944,876 )
    $ 1,325,079     $ 2,254,199  

   

2013

   

2012

 

Included in accompanying balance sheets

               

Under the following captions:

               

Costs and estimated earnings in excess of billings on uncompleted contracts

  $ 1,577,969     $ 2,730,104  
                 

               

Billings in excess of costs and estimated earnings on uncompleted contracts

  $ (252,890 )   $ (475,905 )


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