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REVENUE RECOGNITION (Tables)

3 Months Ended

Mar. 31, 2022

Revenue from Contract with Customer [Abstract]

The following tables present the Company’s revenue disaggregated by contract type and revenue recognition method:

The following tables present the Company’s revenue disaggregated by contract type and revenue recognition method:

		Three months ended  March 31,
		2022				2021
Aerostructure		$	9,186,793			$	8,615,257
Aerosystems			6,686,828				10,016,128
Kitting and Supply Chain Management			4,261,476				12,187,361
		$	20,135,097			$	30,818,746

		Three months ended  March 31,
		2022				2021
Revenue recognized using over time revenue recognition model		$	18,495,197			$	28,302,929
Revenue recognized using point in time revenue recognition model			1,639,900				2,515,817
		$	20,135,097			$	30,818,746

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- Definition

Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 5
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130545-203045

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- References

No definition available.

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