REVENUE FROM CONTRACTS WITH CUSTOMERS – DISCONTINUED OPERATIONS

12 Months Ended

Sep. 30, 2020

Revenue from Contract with Customer [Abstract]

Revenue from Contract with Customer [Text Block]

7.    REVENUE FROM CONTRACTS WITH CUSTOMERS – DISCONTINUED OPERATIONS

Revenues and related costs on construction contracts were recognized as the performance obligations for work were satisfied over time in accordance with ASC 606, Revenue from Contracts with Customers. Under ASC 606, revenue and associated profit, are recognized as the customer obtains control of the goods and services promised in the contract (i.e., performance obligations). The cost of uninstalled materials or equipment would generally be excluded from our recognition of profit, unless specifically produced or manufactured for a project, because such costs are not considered to be a measure of progress.

The following table represents a disaggregation of revenue by type of good or service from contracts with customers for the years ended September 30, 2020 and 2019. 

	Years Ended
	September
	2020		2019
Commercial	$	998,373	$	1,518,368
Residential		45,960		73,105
Management fees		-		17,250
	$	1,044,333	$	1,608,723

Contract assets represents revenues recognized in excess of amounts billed on contracts in progress. Contract liabilities represents billings in excess of revenues recognized on contracts in progress. Assets and liabilities related to long-term contracts are included in current assets and current liabilities in the accompanying balance sheets, as they will be liquidated in the normal course of the contract completion. The contract asset for the years ending September 30, 2020 and 2019 was $0 and $0, respectively. The contract liability for the years ending September 30, 2020 and 2019, was $0 and $33,138, respectively.