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CONTRACT ASSETS AND LIABILITIES (Tables)
3 Months Ended
Mar. 26, 2022
Contract Assets And Liabilities  
SCHEDULE OF CONTRACT WITH CUSTOMER, ASSET AND LIABILITY

Net contract assets (liabilities) consisted of the following:

 

   March 26, 2022   December 25, 2021   $ Change   % Change 
Contract assets—current  $2,552,201   $2,299,392   $252,809    11%
Contract liabilities and billings in excess of revenues earned   (1,756,202)   (4,063,031)   2,306,829    (57)%
Contract liabilities—noncurrent   (10,371)   (20,664)   10,293    (50)%
Net contract assets (liabilities)  $785,628   $(1,784,303)  $2,569,931    (144)%
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 
   March 26, 2022   March 27, 2021 
Point in time   20%   32%
Over time   80%   68%