UQM TECHNOLOGIES INC - FORM 10-Q - XML - IDEA: XBRL DOCUMENT - January 31, 2012

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10-Q - FORM 10Q 12/31/2011 - UQM TECHNOLOGIES INCform10q12312011.htm
v2.4.0.6
Contracts in Process
 9 Months Ended
Dec. 31, 2011
Contracts in Process  
Contracts in Process

(5)       On both December 31, 2011 and March 31, 2011, the estimated period to complete contracts in process ranged from one to thirteen months. We expect to collect all related accounts receivable within sixty days of billing. The following summarizes contracts in process:

 

 

 

December 31, 2011

 

March 31, 2011

 

 

 

 

 

Costs incurred on uncompleted contracts

 

$    976,905  

 

 4,105,858  

Estimated earnings

 

286,709  

 

   424,184  

 

 

1,263,614  

 

4,530,042  

Less billings to date

 

(1,233,611)

 

(4,418,993)

 

 

$      30,003  

 

     111,049  

 

 

 

 

 

Included in the accompanying balance sheets as follows:

 

 

 

 

 

Costs and estimated earnings in excess of billings on

 

 

 

 

 

 

uncompleted contracts

 

$      84,239  

 

    126,775  

 

Billings in excess of costs and estimated earnings on

 

 

 

 

 

 

uncompleted contracts

 

(54,236)

 

(15,726)

 

 

$      30,003  

 

      111,049  

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