| Schedule of Contract Assets on Uncompleted Contracts |
At September 30, 2018 and December 31, 2017, contract assets on uncompleted contracts consisted of the following:
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September 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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1,026,938
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$
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1,613,731
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Less: Billings or cash received
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(679,373
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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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347,565
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$
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423,793
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| Schedule of Contract Liabilities on Uncompleted Contracts |
At September 30, 2018 and December 31, 2017, contract liabilities on uncompleted contracts consisted of the following:
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September 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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8,446,856
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$
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573,847
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Less: Costs and estimated earnings recognized
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(7,188,697
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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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1,258,159
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$
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200,410
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| Schedule of Disaggregation of Revenue Quantitative |
Quantitative:
For the Three Months Ended September 30, 2018
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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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4,045,590
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$
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1,013,796
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$
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33,481
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$
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9,349
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$
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—
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$
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—
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$
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5,102,216
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Major Goods and Service Lines
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Turnkey Projects
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$
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3,712,399
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$
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1,013,796
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$
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15,783
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$
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(10,872)
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$
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—
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$
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—
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$
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4,731,106
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Maintenance & Support
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333,191
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—
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17,698
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20,221
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—
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—
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371,110
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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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—
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—
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$
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4,045,590
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$
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1,013,796
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$
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33,481
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$
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9,349
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$
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—
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$
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—
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$
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5,102,216
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Timing of Revenue Recognition
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Goods transferred over time
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$
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3,712,399
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$
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1,013,796
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$
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15,783
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$
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(10,872)
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$
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—
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$
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—
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$
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4,731,106
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Services transferred over time
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333,191
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—
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17,698
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20,221
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—
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—
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371,110
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$
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4,045,590
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$
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1,013,796
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$
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33,481
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$
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9,349
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$
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—
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$
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—
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$
|
5,102,216
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