Accounting policies (Tables)

6 Months Ended

Jun. 30, 2022

Accounting policies

Schedule of Disaggregation of revenue

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

	Three Months Ended June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
Retail revenue	$	6,526,803	$	5,674,790	$	12,840,003	$	11,386,095
Bulk revenue		8,423,749		6,711,971		15,774,393		12,957,941
Services revenue		5,055,483		3,763,239		9,799,303		7,304,085
Manufacturing revenue		1,061,092		551,524		2,211,333		2,156,720
Total revenue	$	21,067,127	$	16,701,524	$	40,625,032	$	33,804,841

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:

	June 30,		December 31
	2022		2021
Revenue recognized to date on contracts in progress	$	10,234,946	$	6,109,396
Amounts billed to date on contracts in progress		(12,905,981)		(6,370,855)
Retainage		543,593		237,542
Net contract liability	$	(2,127,442)	$	(23,917)

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 sheets as follows:

	June 30,		December 31
	2022		2021
Contract assets	$	1,098,240	$	489,961
Contract liabilities		(3,225,682)		(513,878)
Net contract liability	$	(2,127,442)	$	(23,917)