VirTra Inc (VTSI)

[bacchus17]

During 3rd Quarter 2009, we had six large projects in the production stage. Our percentage of completion is based on total costs incurred to date compared to the estimated total cost of each contract. Of the partially completed work at September 30, 2009, we have incurred some of the costs on contracts totaling $2,535,135 of total revenue. We estimate that we will incur additional costs and do not expect to incur any losses on our uncompleted contracts. Our costs and estimated earnings in excess of billings on uncompleted contracts total was $71,942 at September 30, 2009