XML 71 R27.htm IDEA: XBRL DOCUMENT v3.20.1
Contract Assets and Contract Liabilities (Tables)
3 Months Ended
Mar. 31, 2020
Contract Assets and Contract Liabilities [Abstract]  
Summary of costs and estimated earnings on uncompleted contracts

 

 

 

2020

 

 

2019

 

 

Costs incurred on uncompleted contracts

 

$

412,479

 

 

$

513,558

 

 

Estimated earnings to date on uncompleted contracts

 

 

131,934

 

 

 

127,032

 

 

Gross contract assets

 

 

544,413

 

 

 

640,590

 

 

Less: billings to date

 

 

(668,959

)

 

 

(703,532

)

 

    Net contract assets (liabilities) 

 

$

(124,546

)

 

$

(62,942

)

Summary of costs included in condensed consolidated balance sheets

   

 

 

2020

 

 

2019

 

 

Contract assets 

 

$

12,660

 

 

$

106,015

 

 

Contract liabilities

 

 

(137,206

)

 

 

(168,957

)

 

    Net contract assets (liabilities)

 

$

(124,546

)

 

$

(62,942

)