UNCOMPLETED CONTRACTS
 6 Months Ended
Jun. 30, 2022
UNCOMPLETED CONTRACTS  
UNCOMPLETED CONTRACTS

NOTE 3 – UNCOMPLETED CONTRACTS

 

Deferred costs and estimated earnings and billings on uncompleted contracts consist of the following as of June 30, 2022 and December 31, 2021:

 

 

 

2022

 

 

2021

 

Deferred costs

 

$244,300

 

 

$-

 

Estimated earnings

 

 

 

 

 

 

 

 

 

 

 

244,300

 

 

 

-

 

Add: billings to date

 

 

7,311

 

 

 

-

 

Deferred costs and costs and estimated earnings in excess of related billings on uncompleted contracts

 

$251,611

 

 

$-

 

 

Deferred costs include permitting costs to fulfill contracts on installations in progress