Annual report pursuant to Section 13 and 15(d)

COSTS AND ESTIMATED EARNINGS ON UNCOMPLETED CONTRACTS (Tables)

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COSTS AND ESTIMATED EARNINGS ON UNCOMPLETED CONTRACTS (Tables)
12 Months Ended
Apr. 30, 2015
Contractors [Abstract]  
Schedule of Costs and Estimated Earnings on Uncompleted Contracts
Costs and estimated earnings on uncompleted contracts consist of the following at April 30, 2015 and 2014:
 
 
 
April 30, 2015
 
April 30, 2014
 
 
 
 
 
 
 
 
 
Costs incurred on uncompleted contracts
 
$
32,008,307
 
$
14,457,907
 
Estimated contract earnings
 
 
6,031,338
 
 
3,291,077
 
 
 
 
38,039,645
 
 
17,748,984
 
Less: Billings to date
 
 
38,965,672
 
 
18,766,199
 
Total
 
$
(926,027)
 
$
(1,017,215)
 
 
 
 
 
 
 
 
 
These amounts are included in the accompanying balance Sheets under the following captions:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Costs and estimated earnings in excess of billings on uncompleted contracts
 
$
420,434
 
$
431,348
 
Billings in excess of cost and estimated earnings on uncompleted contracts
 
 
1,346,461
 
 
1,448,563
 
Total
 
$
(926,027)
 
$
(1,017,215)