14) Revenues From Contracts With Customers (Tables)

3 Months Ended

Mar. 31, 2020

Table Text Block Supplement [Abstract]

Schedule of Opening and Closing Balances of Receivables, Contract Assets and Contract Liabilities

The opening and closing balances of the Company’s receivables, contract assets and contract liabilities are as follows:

	Contract Balances
	Receivables (1)	Contract Asset	Contract Liability
Opening (1/1/2020)	$       2,778,879	$                         -	$              12,607,978
Closing (3/31/2020)	3,284,942	-	12,689,862
Increase/(decrease)	506,063	-	81,884
	Contract Balances
	Receivables (1)	Contract Asset	Contract Liability
Opening (1/1/2019)	$       2,816,225	$                         -	$              12,508,625
Closing (12/31/2019)	2,778,879	-	12,607,978
Increase/(decrease)	(37,346)	-	99,353
(1) Included in Receivables, net on the condensed consolidated balance sheets

Revenues of the Cemetery and Mortuary Contracts

The following table disaggregates revenue for the Company’s cemetery and mortuary contracts for the periods presented:

	Three Months Ended March 31
	2020	2019
Major goods/service lines
At-need	$  3,385,191	$ 2,969,067
Pre-need	1,072,900	709,561
	$  4,458,091	$ 3,678,628
Timing of Revenue Recognition
Goods transferred at a point in time	$  2,993,704	$ 2,390,609
Services transferred at a point in time	1,464,387	1,288,019
	$  4,458,091	$ 3,678,628

Reconciliation of Revenues from Cemetery and mortuary contracts to Business Segment Information

The following table reconciles revenues from cemetery and mortuary contracts to Note 7 – Business Segment Information for the Cemetery/Mortuary Segment for the periods presented:

	Three Months Ended March 31
	2020	2019
Net mortuary and cemetery sales	$ 4,458,091	$  3,678,628
Gains (losses) on investments and other assets	(660,123)	498,597
Net investment income	204,846	112,809
Other revenues	10,882	69,251
Revenues from external customers	4,013,696	4,359,285