Revenues from Contracts with Customers (Tables)

9 Months Ended

Sep. 30, 2023

Revenue from Contract with Customer [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 (January 1, 2023)	$	5,392,779	$	-	$	16,226,836
Closing (September 30, 2023)		6,088,152		-		17,573,212
Increase/(decrease)		695,373		-		1,346,376
	Contract Balances
		Receivables (1)		Contract Asset		Contract Liability
Opening (January 1, 2022)	$	5,298,636	$	-	$	14,508,022
Closing (December 31, 2022)		5,392,779		-		16,226,836
Increase/(decrease)		94,143		-		1,718,814

(1) Included in Receivables, net on the condensed consolidated balance sheets

Schedule of Revenues of the Cemetery and Mortuary Contracts

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

	Three Months Ended September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
Major goods/service lines
At-need	$	4,832,352	$	4,839,289	$	14,985,838	$	16,304,276
Pre-need		2,401,679		1,631,074		5,888,336		4,622,311
	$	7,234,031	$	6,470,363	$	20,874,174	$	20,926,587
Timing of Revenue Recognition
Goods transferred at a point in time	$	4,762,777	$	4,040,381	$	13,321,412	$	12,815,582
Services transferred at a point in time		2,471,254		2,429,982		7,552,762		8,111,005
	$	7,234,031	$	6,470,363	$	20,874,174	$	20,926,587

Schedule of 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 September 30,						Nine Months Ended September 30,
	2023			2022			2023			2022
Net mortuary and cemetery sales	$	7,234,031		$	6,470,363		$	20,874,174		$	20,926,587
Losses on investments and other assets		(452,120	)		(640,593	)		(200,610	)		(1,615,253	)
Net investment income		516,094			681,239			2,460,859			1,916,970
Other revenues		118,418			180,989			292,904			217,906
Revenues from external customers		7,416,423			6,691,998			23,427,327			21,446,210