Annual report pursuant to Section 13 and 15(d)

Contracts in Progress (Tables)

v3.23.1
Contracts in Progress (Tables)
 12 Months Ended
Dec. 31, 2022
Contracts in Progress [Abstract]  
Billings in Excess of Costs and Estimated Earnings and Costs and Estimated Earnings in Excess of Billings Billings in excess of costs and estimated earnings as of December 31, 2022 and 2021 are as follows:

Year Ended December 31

2022

2021

Billings to date

$

4,208,409

$

—

Costs incurred on uncompleted contracts

1,122,453

—

Estimated earnings

380,547

—

Cost plus estimated earnings

1,503,000

—

Billings in excess of costs plus estimated earnings on uncompleted contracts

$

2,705,409

$

—

Costs and estimated earnings in excess of billings as of December 31, 2022 and 2021 are as follows:

Year Ended December 31

2022

2021

Costs incurred on uncompleted contracts

$

931,801

$

—

Estimated earnings

513,648

—

1,445,449

—

Billings to date

667,964

—

Costs and estimated earnings in excess of billings on uncompleted contracts

$

777,485

$

—