Contract Assets and Contract Liabilities (Tables)

9 Months Ended

Sep. 30, 2020

Contract Assets and Contract Liabilities [Abstract]

Summary of costs and estimated earnings on uncompleted contracts

	2020			2019
Costs incurred on uncompleted contracts	$	631,790		$	513,558
Estimated earnings to date on uncompleted contracts		149,717			127,032
Gross contract assets		781,507			640,590
Less: billings to date		(3,491,007	)		(703,532	)
Net contract liabilities, on uncompleted contracts	$	(2,709,500	)	$	(62,942	)

             

Summary of condensed consolidated balance sheets

	2020			2019
Contract assets	$	151,230		$	106,015
Contract liabilities		(2,860,730	)		(168,957	)
Net contract liabilities	$	(2,709,500	)	$	(62,942	)