XML 39 R28.htm IDEA: XBRL DOCUMENT v3.21.2
CONTRACT ASSETS AND LIABILITIES (Tables)
 6 Months Ended
Jun. 26, 2021
Contract Assets And Liabilities  
SCHEDULE OF CONTRACT WITH CUSTOMER, ASSET AND LIABILITY

Net contract assets (liabilities) consisted of the following:

 

  

June 26, 2021

  

December 26, 2020

   $ Change   % Change 
Contract assets —current  $3,196,477   $3,521,753   $(325,276)   (9)%
Contract liabilities—current   (2,076,467)   (1,493,847)   (582,620)   39%
Contract liabilities—noncurrent   (32,460)  $(5,069)  $(27,391)   540%
Net contract assets (liabilities)  $1,087,550   $2,022,837   $(935,287)   (46)%
SCHEDULE OF SATISFACTION OF PERFORMANCE OBLIGATIONS

The Company’s revenue recognition related to performance obligations that were satisfied at a point in time and over time were as follows:

 

 

   Three months ended   Three months ended   Six months ended   Six months ended 
   June 26, 2021   June 27, 2020   June 26, 2021   June 27, 2020 
Point in time   36%   39%   33%   37%
Over time   64%   61%   67%   63%