XML 43 R31.htm IDEA: XBRL DOCUMENT

14) Revenues From Contracts With Customers (Tables)

3 Months Ended

Mar. 31, 2021

Table Text Block Supplement [Abstract]

Schedule of Opening and Closing Balances of Receivables, Contract Assets and Contract Liabilities

The opening and closing balances of the Company’s receivables, contract assets and contract liabilities are as follows:

		Contract Balances
		Receivables (1)		Contract Asset		Contract Liability
Opening (1/1/2021)		$ 4,119,988		$ -		$ 13,080,179
Closing (3/31/2021)		3,988,538		-		13,514,055
Increase/(decrease)		(131,450)		-		433,876

		Contract Balances
		Receivables(1)		Contract Asset		Contract Liability
Opening (1/1/2020)		$ 2,778,879		$ -		$ 12,607,978
Closing (12/31/2020)		4,119,988		-		13,080,179
Increase/(decrease)		1,341,109		-		472,201

(1) Included in Receivables, net on the condensed consolidated balance sheets

Revenues of the Cemetery and Mortuary Contracts

The following table disaggregates revenue for the Company’s cemetery and mortuary contracts for the periods presented:

	Three Months Ended March 31
	2021		2020
Major goods/service lines
At-need	$ 4,042,020		$ 3,385,191
Pre-need	1,900,106		1,072,900
	$ 5,942,126		$ 4,458,091

Timing of Revenue Recognition
Goods transferred at a point in time	$ 4,198,673		$ 2,993,704
Services transferred at a point in time	1,743,453		1,464,387
	$ 5,942,126		$ 4,458,091

Reconciliation of Revenues from Cemetery and mortuary contracts to Business Segment Information

The following table reconciles revenues from cemetery and mortuary contracts to Note 7 – Business Segment Information for the Cemetery/Mortuary Segment for the periods presented:

	Three Months Ended March 31
	2021		2020
Net mortuary and cemetery sales	$ 5,942,126		$ 4,458,091
Gains (losses) on investments and other assets	798,340		(660,123)
Net investment income	230,304		204,846
Other revenues	28,495		10,882
Revenues from external customers	6,999,265		4,013,696