14) Revenues From Contracts With Customers (Tables)

6 Months Ended

Jun. 30, 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 (6/30/2020)	3,575,456	-	12,930,466
Increase/(decrease)	796,577	-	322,488
	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 June 30		Six Months Ended June 30
	2020	2019	2020	2019
Major goods/service lines
At-need	$  3,257,705	$ 3,025,783	$      6,642,896	$    5,994,850
Pre-need	1,443,073	974,947	2,515,973	1,684,508
	$  4,700,778	$ 4,000,730	$      9,158,869	$    7,679,358
Timing of Revenue Recognition
Goods transferred at a point in time	$  3,088,616	$ 2,754,230	$      6,082,320	$    5,144,840
Services transferred at a point in time	1,612,162	1,246,500	3,076,549	2,534,518
	$  4,700,778	$ 4,000,730	$      9,158,869	$    7,679,358

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 June 30		Six Months Ended June 30
	2020	2019	2020	2019
Net mortuary and cemetery sales	$ 4,700,778	$  4,000,730	$  9,158,869	$  7,679,358
Gains (losses) on investments and other assets	482,383	354,500	(177,740)	853,097
Net investment income	71,647	162,562	276,493	275,371
Other revenues	51,497	25,215	62,379	94,466
Revenues from external customers	5,306,305	4,543,007	9,320,001	8,902,292