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Contracts in Process (Tables)
12 Months Ended
Dec. 31, 2021
Contracts in Process  
Schedule of net asset (liability) position for contracts in process

 

 

December 31,

 

 

December 31,

 

 

 

2021

 

 

2020

 

Costs on uncompleted contracts

 

$689,237

 

 

$441,589

 

Estimated earnings

 

 

226,669

 

 

 

217,499

 

 

 

 

915,906

 

 

 

659,088

 

Less: Progress billings

 

 

1,492,306

 

 

 

856,734

 

Contract liabilities, net

 

$(576,400)

 

$(197,646)

 

 

December 31,

2021

 

 

December 31,

2020

 

Costs and estimated earnings in excess of billings on uncompleted contracts

 

$7,325

 

 

$69,510

 

Billings in excess of costs and estimated earnings on uncompleted contracts

 

 

(583,726)

 

 

(267,156)

Contract liabilities

 

$(576,400)

 

$(197,646)