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Contract Assets and Contract Liabilities (Tables)
 12 Months Ended
Dec. 31, 2020
Contract Assets and Contract Liabilities [Abstract]  
Summary of costs and estimated earnings on uncompleted contracts


 

 

2020

 

 

2019

 


Costs incurred on uncompleted contracts

 

$

4,572,581

 

 

$

513,558

 


Estimated earnings to date on uncompleted contracts

 

 

872,302

 

 

 

127,032

 


Gross contract assets

 

 

5,444,883

 

 

 

640,590

 


Less: billings to date

 

 

(5,916,487

 )

 

 

(703,532

)


    Net contract assets (liabilities)

 

$

(471,604

 )

 

$

(62,942

)

Summary of costs included in condensed consolidated balance sheets


 

 

2020

 

 

2019

 


Contract assets

 

$

1,303,136

 

 

$

106,015

 


Contract liabilities

 

 

(1,774,740

 )

 

 

(168,957

)


    Net contract assets (liabilities)

 

$

(471,604

 )

 

$

(62,942

)