Quarterly report pursuant to Section 13 or 15(d)

Revenue Recognition

v3.22.1
Revenue Recognition
3 Months Ended
Mar. 31, 2022
Revenue Recognition [Abstract]  
Revenue Recognition NOTE 4 – REVENUE RECOGNITION

Disaggregation of revenue

Revenues are recognized when control of the promised goods or services is transferred to our customers, in an amount that best reflects the consideration we expect to receive in exchange for those goods or services. In accordance with ASC 606-10-50-5, the following tables present how we disaggregate our revenues for the three months ended March 31, 2022. There were no revenues during the three months ended March 31, 2021.

The Solar segment classifies its revenue by type as follows:

Solar Revenue by Type

Three Months Ended March 31

2022

Residential contracts

$

222,000

Commission revenue

10,000

$

232,000

The IT Solutions & Services segment classifies its revenue by customer group and type as follows:

IT Solutions & Services Revenue by Customer Group

Three Months Ended March 31

2022

Financial

$

23,000

Healthcare

12,000

Other commercial clients

52,000

$

87,000

IT Solutions & Services Revenue by Type

Three Months Ended March 31

2022

Project & product revenue

$

46,000

Services & support revenue

41,000

$

87,000