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CONTRACT ACCOUNTING (Tables) | 12 Months Ended
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Dec. 31, 2020
Contractors [Abstract] |
Schedule of contract billings | At December 31, 2020 and 2019, contract assets on uncompleted contracts consisted of the following:
|  | 2020 |  |  | 2019 |
Costs and estimated earnings recognized |  | $ | 4,152,850 |  |  | $ | 3,700,124 |
Less: Billings or cash received |  |  | (4,050,392 | ) |  |  | (2,324,204 | )
Contract Assets |  | $ | 102,458 |  |  | $ | 1,375,920 |
At December 31, 2020 and 2019, contract liabilities on uncompleted contracts consisted of the following:
|  | 2020 |  |  | 2019 |
Billings and/or cash receipts on uncompleted contracts |  | $ | 2,978,007 |  |  | $ | 35,665 |
Less: Costs and estimated earnings recognized |  |  | (2,268,454 | ) |  |  | (27,004 | )
Contract Liabilities |  | $ | 709,553 |  |  | $ | 8,661

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