NOTE 12: - BILLINGS IN EXCESS OF COSTS (Detail) - Schedule of Cost and Estimated Earnings on Uncompleted Contracts (USD $)
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Dec. 31, 2012
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Dec. 31, 2011
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Costs incurred on uncompleted contracts | $ 111,128,026 | $ 82,310,317 |
Estimated earnings | 18,649,855 | 18,064,955 |
129,777,881 | 100,375,272 | |
Less billings to date | (117,503,299) | (96,059,555) |
Total | 12,274,582 | 4,315,717 |
Unbilled receivables | 13,374,004 | 5,722,781 |
Billings in excess of costs (included in deferred revenues) | $ (1,099,422) | $ (1,407,064) |
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- Definition
Total cost incurred on uncompleted long-term contracts. No definition available.
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- Definition
Estimated earnings on long term contracts. No definition available.
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- Definition
Amounts due for billed services rendered or to be rendered, actions taken or to be taken, or a promise to refrain from taking certain actions in accordance with the terms of a legally binding agreement between the Company and, at a minimum, one other party. An example would be amounts billed to customers under contracts or programs but not paid as of the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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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. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Total amount included in cost of uncompleted contracts in excess of related billings, or unbilled accounts receivable. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount to be collected within one year of the balance sheet date (or one operating cycle, if longer) from customers in accordance with the contractual provisions of long-term contracts or programs including amounts billed and unbilled as of the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount due for services rendered or products shipped, but not yet billed, recognized in conformity with revenue recognition criteria. This element is distinct from unbilled contracts receivables because this is based on noncontract transactions. No definition available.
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