Accounting policies (Tables)

3 Months Ended

Mar. 31, 2021

Accounting policies

Schedule of Disaggregation of revenue

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

	Three Months Ended March 31,
	2021		2020
Retail revenue	$	5,711,305	$	7,257,432
Bulk revenue		6,245,970		6,440,284
Services revenue		3,540,846		3,114,813
Manufacturing revenue		1,605,196		3,913,192
Total revenue	$	17,103,317	$	20,725,721

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

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

	March 31, 2021		December 31, 2020
Revenue recognized to date on contracts in progress	$	8,186,878	$	17,534,449
Amounts billed to date on contracts in progress		(7,977,023)		(17,791,928)
Retainage		414,011		312,130
Net contract asset	$	623,866	$	54,651

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

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

	March 31, 2021		December 31, 2020
Contract assets	$	669,419	$	516,521
Contract liabilities		(45,553)		(461,870)
Net contract asset	$	623,866	$	54,651