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Revenues from Contracts with Customers (Tables)
 9 Months Ended
Sep. 30, 2022
Revenue from Contract with Customer [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 (1/1/2022)  $5,298,636   $          -   $14,508,022 
Closing (9/30/2022)   5,846,865    -    15,873,046 
Increase/(decrease)   548,229    -    1,365,024 

 

   Contract Balances 
   Receivables (1)   Contract Asset   Contract Liability 
Opening (1/1/2021)  $4,119,988   $      -   $13,080,179 
Closing (12/31/2021)   5,298,636    -    14,508,022 
Increase/(decrease)   1,178,648    -    1,427,843 

 

 

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

Schedule of Revenues of the Cemetery and Mortuary Contracts

The following table disaggregates revenue for the Company’s cemetery and mortuary contracts.

 

   2022   2021   2022   2021 
   Three Months Ended
September 30		   Nine Months Ended
September 30		 
   2022   2021   2022   2021 
Major goods/service lines                    
At-need  $4,839,289   $4,129,203   $16,304,276   $12,172,631 
Pre-need   1,631,074    1,838,472    4,622,311    6,055,568 
Net mortuary and cemetery sales   $6,470,363   $5,967,675   $20,926,587   $18,228,199 

 

Timing of Revenue Recognition                
Goods transferred at a point in time  $4,040,381   $4,132,050   $12,815,582   $12,882,878 
Services transferred at a point in time   2,429,982    1,835,625    8,111,005    5,345,321 
Net mortuary and cemetery sales   $6,470,363   $5,967,675   $20,926,587   $18,228,199 
Schedule of 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:

 

   2022   2021   2022   2021 
   Three Months Ended
September 30		   Nine Months Ended
September 30		 
   2022   2021   2022   2021 
Net mortuary and cemetery sales  $6,470,363   $5,967,675   $20,926,587   $18,228,199 
Gains (losses) on investments and other assets   (640,593)   (112,828)   (1,615,253)   913,058 
Net investment income   681,239    826,008    1,916,970    1,296,899 
Other revenues   180,989    24,492    217,906    74,378 
Revenues from external customers   6,691,998    6,705,347    21,446,210    20,512,534