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Contract Assets and Contract Liabilities (Tables)
 9 Months Ended
Sep. 30, 2023
Contract Assets and Contract Liabilities [Abstract]  
Summary of costs and estimated earnings on uncompleted contracts


 

 

2023

 

 

2022

 

 

Costs incurred on uncompleted contracts

 

$

17,242,167

 

 

$

13,730,177

 


Provision for loss on uncompleted contracts

—


—

Estimated earnings to date on uncompleted contracts

 

 

103,251

 

 

(2,160,085

 )

Gross contract assets

 

 

17,345,418

 

 

 

11,570,092

 


Less: billings to date

 

 

(18,638,029

 )

 

 

(11,970,979

 )

    Net contract assets/(liabilities) on uncompleted contracts

 

$

(1,292,611

 )

 

$

(400,887

 )
Summary of costs included in condensed consolidated balance sheets


 

 

2023

 

 

2022

 

 

Contract assets

 

$

18,391

 

 

$

36,384

 


Contract liabilities

 

 

(1,311,002

 )

 

 

(437,271

 )

 

    Net contract assets (liabilities)

 

$

(1,292,611

 )

 

$

(400,887

 )