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ASC 606 Revenue Recognition and Significant Accounting Policies Disclosures (Tables)
6 Months Ended
Jun. 30, 2019
Revenue From Contract With Customer [Abstract]  
Disaggregation of Revenue

The following table disaggregates the Company’s revenue for the three and six months ended June 30 as indicated:

 

 

 

Three Months Ended June 30,

 

 

Six Months ended June 30,

 

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

Electrical construction operations (1)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Southeast

 

$

15,478,325

 

 

$

15,841,543

 

 

$

34,829,199

 

 

$

27,825,088

 

mid-Atlantic

 

 

17,415,258

 

 

 

10,586,509

 

 

 

29,468,961

 

 

 

19,860,932

 

Texas-Southwest (3)

 

 

5,882,764

 

 

 

9,208,624

 

 

 

15,423,685

 

 

 

20,489,967

 

Other electrical construction (2), (3)

 

 

428,021

 

 

 

559,091

 

 

 

869,842

 

 

 

2,151,699

 

Total

 

 

39,204,368

 

 

 

36,195,767

 

 

 

80,591,687

 

 

 

70,327,686

 

Real estate development operations

 

 

5,175,851

 

 

 

1,311,477

 

 

 

11,268,788

 

 

 

1,618,254

 

Total revenue

 

$

44,380,219

 

 

$

37,507,244

 

 

$

91,860,475

 

 

$

71,945,940

 

 

(1) Principal electrical construction operations include revenue from transmission lines, distribution systems, substations and drilled pier foundations.

(2) Other electrical construction includes revenue from storm work, fiber optics and other miscellaneous electrical construction items.

(3) Amounts have been reclassified from the “Texas-Southwest” regions to “Other electrical construction,” for the presentation of the three and six months ended June 30, 2018, since these amounts are associated with storm work. This reclassification had no impact on the total revenue reported for electrical construction operations. The amounts reclassified for the three and six months ended June 30, 2018 were $0.05 million and $1.0 million, respectively.