Accounts Receivable

12 Months Ended

Dec. 31, 2021

Accounts Receivable And Work In Process Table [Abstract]

Accounts Receivable and Work in Process [Table Text Block]

Note 4 – Accounts Receivable

Accounts receivable as of December 31, 2021, and 2020, consists of the following:

Description	December 31, 2021		December 31, 2020
Accounts receivable on completed contracts	$	33,772	$	43,221
Costs and estimated earnings on contracts in progress		298,121		319,001
Total	$	331,893	$	362,222

Costs and Estimated Earnings on projects are recognized on the percentage of completion method for work performed on contracts in progress on December 31, 2020, and December 31, 2019.

The Company records contracts for future payments based on contractual agreements entered into at the inception of construction contracts. Amounts are payable from customers based on milestones established in each contract. Larger contracts are billed and recorded in advance and unearned profits are netted against the billed amounts such that accounts receivable reflect current amounts due from customers on completed projects and amounts earned on projects in process are reflected in the balance sheet as costs and estimated earnings in excess of billings on contracts in progress. Excess billings on contracts in process are recorded as liabilities and were $268,435 on December 31, 2021, and $558,907 on December 31, 2020.