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3. REVENUE FROM CONTRACTS WITH CUSTOMERS (Tables)
6 Months Ended
Jun. 30, 2020
Revenue from Contract with Customer [Abstract]  
Disaggregation of Revenue - Contract Revenue

The following table presents the Company’s revenues disaggregated by fixed price and service contracts. Sales taxes are excluded from revenues.

 

    Three Months Ended  
    June 30,  
    2020     2019  
Fixed Price Contracts   $ 2,073     $ 2,878  
Service Contracts     652       2,391  
Total   $ 2,725     $ 5,269  

 

    Six Months Ended  
    June 30,  
    2020     2019  
Fixed Price Contracts   $ 3,817     $ 6,409  
Service Contracts     2,513       5,159  
Total   $ 6,330     $ 11,568  
Schedule of earnings in excess of billings on uncompleted contracts

The following table summarizes the Company’s contract assets, which are “Costs and estimated earnings in excess of billings on uncompleted contracts” and our contract liabilities, which are “Billings in excess of costs and estimated earnings on uncompleted contracts”.

 

    June 30, 2020     December 31, 2019  
Costs incurred on uncompleted contracts   $ 1,907     $ 1,687  
Estimated earnings on uncompleted contracts     3,355       2,294  
      5,262       3,981  
Less: Billings to date on uncompleted contracts     (5,633 )     (3,790 )
    $ (371 )   $ 191  
                 
Included in the accompanying unaudited condensed consolidated balance sheets under the following captions:                
Contract assets   $ 585     $ 814  
Contract liabilities     (956 )     (623 )
    $ (371 )   $ 191