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<br />TENEX ENTERPRISES, INC. <br />NOTES TO FINANCIAL STATEMENTS <br />FOR THE SIX MONTHS ENDED JUNE 30, 2007 <br /> <br />NOTE C - COSTS AND ESTIMATED EARNINGS ON UNCOMPLETED <br />CONTRACTS <br /> <br />Costs incurred on uncompleted contracts <br />Estimated earnings <br /> <br />$ 3,213,597 <br />391,005 <br />3,604,602 <br />3,354,602 <br />$ 250,000 <br /> <br />Billings to date <br /> <br />Included in the accompanying balance sheet under the following captions: <br />Costs and estimated earnings in excess of billings <br />on uncompleted contracts $ 250,000 <br /> <br />Billings in excess of costs and estimated earnings <br />on uncompleted contracts <br /> <br />o <br />$ 250,000 <br /> <br />NOTE D - NOTE RECEIVABLE-OFFICER <br /> <br />The note receivable to the company's sole shareholder is non interest bearing with no <br />repayment date. <br />