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Accounting policies (Tables)

9 Months Ended

Sep. 30, 2023

Accounting policies

Schedule of Disaggregation of revenue

The following table presents the Company’s revenue disaggregated by revenue source.

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​	​	Three Months Ended September 30,						Nine Months Ended September 30,
​		2023			2022			2023			2022
Retail revenue	​	$	7,216,574	​	$	6,274,650	​	$	22,560,998	​	$	19,114,653
Bulk revenue	​		8,488,615	​		8,667,931	​		25,975,483	​		24,442,324
Services revenue	​		29,427,664	​		8,731,124	​		66,243,328	​		18,530,427
Manufacturing revenue	​		4,721,222	​		1,378,000	​		12,180,519	​		3,589,333
Total revenue	​	$	49,854,075	​	$	25,051,705	​	$	126,960,328	​	$	65,676,737

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Services revenue consists of the following:

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​	​	​	​	​	​	​	​	​	​	​	​	​
​	​	Three Months Ended September 30,						Nine Months Ended September 30,
​		2023			2022			2023			2022
Construction revenue	​	$	24,204,446	​	$	4,781,613	​	$	52,563,822	​	$	5,347,023
Operations and maintenance revenue	​		5,021,081	​		3,394,142	​		12,750,902	​		10,740,623
Design and consulting revenue	​		202,137	​		555,369	​		928,604	​		2,442,781
Total services revenue	​	$	29,427,664	​	$	8,731,124	​	$	66,243,328	​	$	18,530,427

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Summary of revenue recognized and amounts billed on services segment and manufacturing segment contracts in progress

Revenue recognized and amounts billed on contracts in progress are summarized as follows:

​	​	​	​	​	​	​	​
​	​	September 30,		​	December 31,		​
​	​	2023		​	2022		​
Revenue recognized to date on contracts in progress		$	86,655,434	​	$	25,469,014	​
Amounts billed to date on contracts in progress	​		(94,162,641)	​		(33,407,182)	​
Retainage	​	​	6,951,198	​	​	2,047,969	​
Net contract liability	​	$	(556,009)	​	$	(5,890,199)	​

Summary of net balances of billings reflected in the accompanying consolidated balance sheet

The above net balances are reflected in the accompanying condensed consolidated balance sheets as follows:

​	​	​	​	​	​	​	​
​	​	September 30,		​	December 31,		​
​	​	2023		​	2022		​
Contract assets		$	8,972,740		$	2,913,722	​
Contract liabilities	​		(9,528,749)	​		(8,803,921)	​
Net contract liability	​	$	(556,009)	​	$	(5,890,199)	​

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- Definition

The tabular disclosure of revenue recognized and amounts billed on services segment and manufacturing segment contracts in progress.

+ References

No definition available.

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- Definition

Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-10

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Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-5

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