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REVENUE (Tables)
 12 Months Ended
Dec. 31, 2023
Revenue from Contract with Customer [Abstract]  
The following table presents the Company’s revenue disaggregated by contract type and revenue recognition method:

The following table presents the Company’s revenue disaggregated by contract type and revenue recognition method:

 

   Year Ended 
   December 31,
2023		   December 31,
2022		 
Government subcontracts  $69,672,602   $69,023,729 
Prime government contracts   11,842,145    8,663,308 
Commercial contracts   4,951,574    5,648,727 
Total  $86,466,321   $83,335,764 

 

   Year Ended 
   December 31, 2023   December 31, 2022 
Revenue recognized using over time revenue recognition model  $82,713,436   $75,911,241 
Revenue recognized using point in time revenue recognition model   3,752,885    7,424,523 
Total  $86,466,321   $83,335,764 
Net EAC adjustments had the following impact on our gross profit during the years ended December 31, 2023 and 2022:

Net EAC adjustments had the following impact on our gross profit during the years ended December 31, 2023 and 2022:

 

   Years Ended 
   December 31,
2023		   December 31,
2022		 
Favorable adjustments  $2,601,615   $4,962,675 
(Unfavorable) adjustments   (4,052,117)   (3,207,099)
Net adjustments  $(1,450,502)  $1,755,576