Accounting policies (Tables)

6 Months Ended

Jun. 30, 2024

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,
	2024		2023		2024		2023
Retail revenue	$	8,181,884	$	7,573,329	$	16,806,822	$	15,344,424
Bulk revenue		8,447,958		8,482,495		16,790,052		17,486,868
Services revenue		11,922,469		24,093,963		29,340,080		36,815,664
Manufacturing revenue		3,926,847		4,087,476		9,231,594		7,459,297
Total revenue	$	32,479,158	$	44,237,263	$	72,168,548	$	77,106,253

Services revenue consists of the following:

	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
Construction revenue	$	3,324,610	$	19,827,827	$	12,528,274	$	28,521,342
Operations and maintenance revenue		7,068,922		4,044,015		14,168,275		7,729,821
Design and consulting revenue		1,528,937		222,121		2,643,531		564,501
Total services revenue	$	11,922,469	$	24,093,963	$	29,340,080	$	36,815,664

Summary of revenue recognized and amounts billed on contracts in progress

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

	June 30,		December 31,
	2024		2023
Revenue recognized to date on contracts in progress	$	125,716,611	$	108,952,682
Amounts billed to date on contracts in progress		(129,687,174)		(101,724,459)
Retainage		3,673,945		8,087,823
Net contract asset /(liability)	$	(296,618)	$	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:

	June 30,		December 31,
	2024		2023
Contract assets	$	5,413,780	$	21,553,057
Contract liabilities		(5,710,398)		(6,237,011)
Net contract asset /(liability)	$	(296,618)	$	15,316,046