CONTRACT ASSETS AND LIABILITIES (Tables)

3 Months Ended

Apr. 01, 2023

Contract Assets And Liabilities

SCHEDULE OF CONTRACT WITH CUSTOMER, ASSET AND LIABILITY

Net contract assets (liabilities) consisted of the following:

	April 1, 2023			December 31, 2022			$ Change			% Change
Contract assets and unbilled receivables —current	$	3,043,076		$	4,068,364		$	(1,025,288	)		(25	)%
Contract liabilities and billings in excess of revenues earned		(718,544	)		(930,500	)		211,956			(23	)%
Contract liabilities—noncurrent		(6,331	)		(6,190	)		(141	)		2	%
Net contract assets	$	2,318,201		$	3,131,674		$	(813,473	)		(26	)%

SCHEDULE OF SATISFACTION OF PERFORMANCE OBLIGATION

The Company’s revenue recognition related to performance obligations that were satisfied at a point in time and over time were as follows:

	Three months ended			Three months ended
	April 1, 2023			March 26, 2022
Point in time		26	%		20	%
Over time		74	%		80	%