Strategic Environmental & Energy Resources, Inc. | 2013 | FY | 3


NOTE 6 - UNCOMPLETED CONTRACTS

 

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

 

   December 31, 
   2013   2012 
         
Revenue Recognized  $331,100   $63,800 
Less: Billings to date   (252,600)   (28,300)
Costs and estimated earnings in excess of billings on uncompleted contracts  $78,500   $35,500 
           
Billings to date  $606,700   $775,800 
Revenue recognized   (436,400)   (448,400)
Billings in excess of costs and estimated earnings on uncompleted contracts  $170,300   $327,400 

   


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