| Schedule of Contract Assets on Uncompleted Contracts |
At March 31, 2018 and December 31, 2017, contract assets on uncompleted contracts consisted of the following
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March 31, 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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1,200,590
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$
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1,613,731
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Less: Billings or cash received
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(592,303
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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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608,287
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$
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423,793
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| Schedule of Contract Liabilities on Uncompleted Contracts |
At March 31, 2018 and December 31, 2017, contract liabilities on uncompleted contracts consisted of the following:
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March 31, 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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1,302,579
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$
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573,847
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Less: Costs and estimated earnings recognized
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(579,997
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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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722,582
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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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319,581
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$
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224,833
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$
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17,831
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$
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346,323
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$
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193,593
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$
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45,769
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$
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1,147,930
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Major Goods and Service Lines
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Turnkey Projects
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$
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98,874
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223,528
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133
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329,760
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192,420
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—
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844,715
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Maintenance & Support
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220,707
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1,305
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17,698
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16,563
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1,173
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—
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257,446
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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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45,769
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45,769
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319,581
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224,833
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17,831
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346,323
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193,593
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45,769
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1,147,930
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Timing of Revenue Recognition
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Goods transferred over time
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98,874
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223,528
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133
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329,760
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192,420
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—
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844,715
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Services transferred over time
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220,707
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1,305
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17,698
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16,563
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1,173
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45,769
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303,215
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319,581
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224,833
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17,831
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346,323
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193,593
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45,769
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1,147,930
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