Contract Assets and Contract Liabilities (Tables)

3 Months Ended

Mar. 31, 2022

Contract Assets and Contract Liabilities [Abstract]

Summary of costs and estimated earnings on uncompleted contracts

	2022			2021
Costs incurred on uncompleted contracts	$	7,004,438		$	4,272,425
Provision for loss on uncompleted contracts		391,703			2,238,578
Estimated earnings to date on uncompleted contracts		(3,731,057	)		(3,156,377	)
Gross contract assets		3,665,084			3,354,626
Less: billings to date		(8,737,401	)		(4,750,289	)
Net contract assets (liabilities) on uncompleted contracts	$	(5,072,317	)	$	(1,395,663	)

             

Summary of costs included in condensed consolidated balance sheets

	2022			2021
Contract assets	$	133,395		$	41,916
Contract liabilities		(5,205,712	)		(1,437,579	)
Net contract assets (liabilities)	$	(5,072,317	)	$	(1,395,663	)