CONTRACTS RECEIVABLE AND RETAINAGE |
9 Months Ended | ||||||||
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Sep. 30, 2016 | |||||||||
| Contractors [Abstract] | |||||||||
| CONTRACTS RECEIVABLE AND RETAINAGE |
CONTRACTS RECEIVABLE AND RETAINAGE
Our customers include major and large independent oil and gas companies, marine companies, and their contractors. Of our contracts receivable balance at September 30, 2016, $12.1 million, or 45.6%, is with three customers. The significant projects for these three customers consist of:
At September 30, 2016, we included an allowance for bad debt of $623,425 in our contract receivable balance.
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