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Sales, Contract Assets and Contract Liabilities
6 Months Ended
Jun. 30, 2019
Sales, Contract Assets and Contract Liabilities  
Sales, Contract Assets and Contract Liabilities

Note 5 – Sales, Contract Assets and Contract Liabilities

The Company recognized no revenue during the six months ended June 30, 2019. For the six months ended June 30, 2018, the Company recognized revenues totaling $530,000 from completed flare projects. At June 30, 2019, the Company had contract assets of $42,000 and contract liabilities of $0. The cost of goods sold of $1,000, recognized during the six months ended June 30, 2019, related to additional warranty costs incurred for previously completed contracts.