Contract Assets and Contract Liabilities (Tables)

12 Months Ended

Dec. 31, 2022

Contract Assets and Contract Liabilities

Summary of costs and estimated earnings on uncompleted contracts

	2022			2021				2020
Costs incurred on uncompleted contracts	$	13,730,177		$	4,272,425		$	4,572,581
Provision for loss on uncompleted contracts		—			2,238,578			—
Estimated earnings (losses) to date on uncompleted contracts		(2,160,085	)		(3,156,377	)		872,302
Gross contract assets		11,570,092			3,354,626			5,444,883
Less: billings to date		(11,970,979	)		(4,750,289	)		(5,916,487	)
Net contract liabilities on uncompleted contracts	$	(400,887	)	$	(1,395,663	)	$	(471,604	)

Summary of costs included in condensed consolidated balance sheets

	2022			2021				2020
Contract assets	$	36,384		$	41,916		$	1,303,136
Contract liabilities		(437,271	)		(1,437,579	)		(1,774,740	)
Net contract liabilities	$	(400,887	)	$	(1,395,663	)	$	(471,604	)