| Schedule of Contract Assets on Uncompleted Contracts |
At June 30, 2019 and December 31, 2018, contract assets on uncompleted contracts consisted of the following:
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June 30,
2019
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December 31. 2018
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Costs and estimated earnings recognized
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$
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3,241,030
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$
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4,273,057
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Less: Billings or cash received
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(2,936,969
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)
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(3,064,453
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)
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Contract assets
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$
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304,061
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$
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1,208,604 |
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| Schedule of Contract Liabilities on Uncompleted Contracts |
At June 30, 2019 and December 31, 2018, contract liabilities on uncompleted contracts consisted of the following:
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June 30,
2019
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December 31. 2018
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Billings and/or cash receipts on uncompleted contracts
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$
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12,166,178
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$
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8,563,241
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Less: Costs and estimated earnings recognized
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(11,087,545
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)
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(6,314,412
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)
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Contract liabilities
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$
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1,078,633
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$
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2,248,829 |
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| Schedule of Disaggregation of Revenue Quantitative |
Quantitative:
For the Six Months Ended June 30, 2019
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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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4,476,933
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$
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188,931
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$
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54,973
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$
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97,068
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$
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687,599
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$
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192,382
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$
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5,697,886
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Major Goods and Service Lines
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Turnkey Projects
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$
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3,942,219
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$
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186,734
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$
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39,361
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$
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56,626
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$
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678,489
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$
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$
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4,903,429
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Maintenance & Support
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534,714
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2,197
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15,612
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40,442
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9,110
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602,075
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Data Center Auditing Services
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144,982
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144,982
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Software License
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47,400
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47,400
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$
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4,476,933
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$
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188,931
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$
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54,973
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$
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97,068
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$
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687,599
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$
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192,382
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$
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5,697,886
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Timing of Revenue Recognition
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Goods transferred over time
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$
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3,942,219
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$
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186,734
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$
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39,361
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$
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56,626
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$
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678,489
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$
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192,382
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$
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5,095,811
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Services transferred over time
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534,714
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2,197
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15,612
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40,442
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9,110
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602,075
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$
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4,476,933
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$
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188,931
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$
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54,973
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$
|
97,068
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$
|
687,599
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$
|
192,382
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$
|
5,697,886 |
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