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Revenues from Contracts with Customers (Tables)
 6 Months Ended
Jun. 30, 2023
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 (January 1, 2023)  $5,392,779   $-   $16,226,836 
Closing (June 30, 2023)   5,814,731    -    17,155,722 
Increase/(decrease)   421,952    -    928,886 

 

   Contract Balances 
   Receivables (1)   Contract Asset   Contract Liability 
Opening (January 1, 2022)  $5,298,636   $-   $14,508,022 
Closing (December 31, 2022)   5,392,779    -    16,226,836 
Increase/(decrease)   94,143    -    1,718,814 

 

 

(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:

 

   2023   2022   2023   2022 
   Three Months Ended
June 30,		   Six Months Ended
June 30,		 
   2023   2022   2023   2022 
Major goods/service lines                    
At-need  $4,999,450   $5,598,109   $10,153,486   $11,464,987 
Pre-need   2,169,264    1,652,394    3,486,657    2,991,237 
Net mortuary and cemetery sales  $7,168,714   $7,250,503   $13,640,143   $14,456,224 
                     
Timing of Revenue Recognition                    
Goods transferred at a point in time  $4,528,969   $4,594,656   $8,558,635   $8,775,201 
Services transferred at a point in time   2,639,745    2,655,847    5,081,508    5,681,023 
Net mortuary and cemetery sales  $7,168,714   $7,250,503   $13,640,143   $14,456,224 
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:

 

   2023   2022   2023   2022 
   Three Months Ended
June 30,		   Six Months Ended
June 30,		 
   2023   2022   2023   2022 
Net mortuary and cemetery sales  $7,168,714   $7,250,503   $13,640,143   $14,456,224 
Gains (losses) on investments and other assets   197,579    (720,135)   251,510    (974,660)
Net investment income   1,343,274    739,272    1,944,765    1,235,731 
Other revenues   102,941    21,378    174,486    36,917 
Revenues from external customers   8,812,508    7,291,018    16,010,904    14,754,212