Accounting policies (Tables)

3 Months Ended

Mar. 31, 2024

Accounting policies

Schedule of Disaggregation of revenue

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

	Three Months Ended March 31,
	2024		2023
Retail revenue	$	8,624,938	$	7,771,095
Bulk revenue		8,342,094		9,004,373
Services revenue		17,417,611		12,721,701
Manufacturing revenue		5,304,747		3,371,821
Total revenue	$	39,689,390	$	32,868,990

Services revenue consists of the following:

	Three Months Ended March 31,
	2024		2023
Construction revenue	$	9,203,662	$	8,693,516
Operations and maintenance revenue		7,099,354		3,685,805
Design and consulting revenue		1,114,595		342,380
Total services revenue	$	17,417,611	$	12,721,701

Summary of revenue recognized and amounts billed on contracts in progress

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

	March 31,		December 31,
	2024		2023
Revenue recognized to date on contracts in progress	$	122,712,011	$	108,952,682
Amounts billed to date on contracts in progress		(113,622,422)		(101,724,459)
Retainage		8,791,564		8,087,823
Net contract asset	$	17,881,153	$	15,316,046

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:

	March 31,		December 31,
	2024		2023
Contract assets	$	23,340,495	$	21,553,057
Contract liabilities		(5,459,342)		(6,237,011)
Net contract asset	$	17,881,153	$	15,316,046