| Schedule of Contract Assets on Uncompleted Contracts |
At June 30, 2018 and December 31, 2017, contract assets on uncompleted contracts consisted of the following
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June 30,
2018
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December 31. 2017
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Costs and estimated earnings recognized
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$
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638,861
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$
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1,613,731
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Less: Billings or cash received
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(298,940
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)
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(1,189,938
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)
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Contract assets
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$
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339,921
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$
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423,793
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| Schedule of Contract Liabilities on Uncompleted Contracts |
At June 30, 2018 and December 31, 2017, contract liabilities on uncompleted contracts consisted of the following:
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June 30,
2018
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December 31. 2017
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Billings and/or cash receipts on uncompleted contracts
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$
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3,978,831
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$
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573,847
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Less: Costs and estimated earnings recognized
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(2,209,865
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)
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(373,437
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)
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Contract liabilities
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$
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1,768,966
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$
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200,410
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| Schedule of Disaggregation of Revenue Quantitative |
Quantitative:
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Segments
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Rail
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Commercial
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Petrochemical
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Government
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Banking
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IT Suppliers
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Total
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Primary Geographical Markets
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North America
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$
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1,134,107
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$
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2,454,161
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$
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35,529
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$
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448,854
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$
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222,948
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$
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92,386
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$
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4,387,985
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Major Goods and Service Lines
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Turnkey Projects
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$
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703,381
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$
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2,452,421
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$
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133
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$
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411,416
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$
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218,355
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$
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—
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$
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3,785,706
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Maintenance & Support
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430,726
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1,740
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35,396
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37,438
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4,593
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—
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509,893
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Data Center Auditing Services
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—
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—
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—
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—
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—
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92,386
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92,386
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$
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1,134,107
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$
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2,454,161
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$
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35,529
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$
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448,854
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$
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222,948
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$
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92,386
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$
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4,387,985
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Timing of Revenue Recognition
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Goods transferred over time
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$
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703,381
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$
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2,452,421
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$
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133
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$
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411,416
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$
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218,355
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$
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—
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$
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3,785,706
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Services transferred over time
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430,726
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1,740
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35,396
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37,438
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4,593
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92,386
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602,279
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$
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1,134,107
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$
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2,454,161
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$
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35,529
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$
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448,854
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$
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222,948
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$
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92,386
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$
|
4,387,985
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