COSTS AND ESTIMATED EARNINGS ON UNCOMPLETED CONTRACTS (Details) - USD ($) |
Apr. 30, 2015 |
Apr. 30, 2014 |
|---|---|---|
| Costs incurred on uncompleted contracts | $ 32,008,307 | $ 14,457,907 |
| Estimated contract earnings | 6,031,338 | 3,291,077 |
| Gross Total | 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 costs and estimated earnings on uncompleted contracts | 1,346,461 | 1,448,563 |
| Total | $ (926,027) | $ (1,017,215) |
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- Definition Liability attributable to (i) billings in excess of costs under the percentage of completion contract accounting method representing the difference between contractually invoiced amounts (billings) and revenue recognized based, for example, on costs incurred to estimated total costs at period end or (ii) contractually invoiced amounts (billings) in excess of costs incurred and accumulated under the completed contract accounting method that are expected to be realized within one year or one operating cycle, whichever is longer, from the reporting date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of receivable reflecting the cost incurred on uncompleted contracts in excess of related billings. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of receivable reflecting the cost incurred on uncompleted contracts in excess of related billings which is expected to be collected within one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Total carrying amount of consideration received or receivable as of the balance sheet date representing potential earnings that were not as yet recognized as revenue or other forms of income in conformity with GAAP. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition This amount represents the costs and estimated earnings of uncompleted contracts before billing date. No definition available.
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- References No definition available.
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- Definition Amount billed to customers under long-term contracts or programs as of the date. No definition available.
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- Definition Carrying amount of Costs and estimated earnings net of billings on uncompleted contracts current. No definition available.
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- Definition Estimated (loss) profit on uncompleted contracts. No definition available.
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