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Revenues from Contracts with Customers (Tables)
 9 Months Ended
Sep. 30, 2024
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, 2024)  $6,321,573   $-   $18,237,246 
Closing (September 30, 2024)   6,593,720    -    19,493,005 
Increase/(decrease)   272,147    -    1,255,759 

 

   Contract Balances 
   Receivables (1)   Contract Asset   Contract Liability 
Opening (January 1, 2023)  $5,392,779   $-   $16,226,836 
Closing (December 31, 2023)   6,321,573    -    18,237,246 
Increase/(decrease)   928,794    -    2,010,410 

 

 

(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:

 

   2024   2023   2024   2023 
   Three Months Ended
September 30,		   Nine Months Ended
September 30,		 
   2024   2023   2024   2023 
Major goods/service lines                    
At-need  $5,024,330   $4,832,352   $15,299,010   $14,985,838 
Pre-need   1,790,001    2,401,679    6,232,759    5,888,336 
Net mortuary and cemetery sales  $6,814,331   $7,234,031   $21,531,769   $20,874,174 
                     
Timing of Revenue Recognition                    
Goods transferred at a point in time  $4,064,864   $4,762,777   $13,287,515   $13,321,412 
Services transferred at a point in time   2,749,467    2,471,254    8,244,254    7,552,762 
Net mortuary and cemetery sales  $6,814,331   $7,234,031   $21,531,769   $20,874,174 
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:

 

   2024   2023   2024   2023 
   Three Months Ended
September 30,		   Nine Months Ended
September 30,		 
   2024   2023   2024   2023 
Net mortuary and cemetery sales  $6,814,331   $7,234,031   $21,531,769   $20,874,174 
Gains (losses) on investments and other assets   1,124,513    (452,120)   1,503,865    (200,610)
Net investment income   477,833    516,094    2,136,982    2,460,859 
Other revenues   126,000    118,418    435,507    292,904 
Revenues from external customers   8,542,677    7,416,423    25,608,123    23,427,327