Accounting policies (Tables)

9 Months Ended

Sep. 30, 2020

Accounting policies

Schedule of Disaggregation of revenue

The following table presents the Company’s revenue disaggregated by revenue source (unaudited).

	Three Months Ended September 30,				Nine Months Ended September 30,
	2020		2019		2020		2019
Retail revenue	$	4,993,069	$	6,271,220	$	18,216,797	$	19,941,395
Bulk revenue		6,061,475		6,449,757		18,368,156		20,502,121
Services revenue		3,351,935		95,980		9,942,748		287,349
Manufacturing revenue		3,259,778		3,072,282		10,951,524		10,452,158
Total revenue	$	17,666,257	$	15,889,239	$	57,479,225	$	51,183,023

Summary of revenue recognized and amounts billed on services segment and manufacturing segment contracts in progress

Revenue recognized and amounts billed on services segment and manufacturing segment contracts in progress are summarized as follows:

	September 30, 2020		December 31, 2019
Revenue recognized to date on contracts in progress	$	26,940,207	$	24,041,993
Amounts billed to date on contracts in progress		(26,570,097)		(22,980,598)
	$	370,110	$	1,061,395

Summary of net balances of billings reflected in the accompanying consolidated balance sheet

The above net balances are reflected in the accompanying consolidated balance sheet as follows:

	September 30, 2020		December 31, 2019
Costs and estimated earnings in excess of billings	$	1,188,875	$	1,675,781
Billings in excess of costs and estimated earnings		(818,765)		(614,386)
	$	370,110	$	1,061,395