CONTRACT REVENUES AND CONTRACT COSTS

12 Months Ended

Dec. 31, 2022

Revenue from Contract with Customer [Abstract]

CONTRACT REVENUES AND CONTRACT COSTS

NOTE 13 – CONTRACT REVENUES AND CONTRACT COSTS

The Company’s main business operations are: (i) low voltage (220v/phase 1 or 380v/phase 3) electrical systems; (ii) mechanical ventilation and air-conditioning systems (“MVAC”); (iii) out-fitting; (iv) water supply and sewage disposal systems installation; and (v) fire safety systems.

	December 31,
Total contract revenues as of	2022		2021
Low voltage electrical system	$	1,028,162	$	2,628,625
MVAC systems		502,556		299,985
Out-fitting		1,998,726		1,103,692
Water supply and sewage disposal system installation		288,480		71,516
Fire safety system		352,007		31,241
Total Contract Revenues	$	4,169,931	$	4,135,059

	December 31,
Total contract costs as of	2022		2021
Low voltage electrical system	$	898,100	$	2,235,698
MVAC systems		462,400		262,322
Out-fitting		1,562,551		701,688
Water supply and sewage disposal system installation		205,693		52,320
Fire safety system		255,483		23,271
Total Contract Costs	$	3,384,227	$	3,275,299