Quarterly report pursuant to Section 13 or 15(d)

Revenue Recognition

v3.22.2.2
Revenue Recognition
 6 Months Ended
Jun. 30, 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 disaggregated our revenues for the three and six months ended June 30, 2022. There were no revenues during the three and six months ended June 30, 2021.

The Solar segment classifies its revenue by type as follows:

Solar Revenue by Type

Three Months Ended June 30

Six Months Ended June 30

2022

2022

Residential contracts

$

4,157,000

$

4,379,000

Commercial contracts

37,000

37,000

Commission revenue

24,000

34,000

$

4,218,000

$

4,450,000

The IT Solutions & Services segment classifies its revenue (including $61,000 of intercompany revenue) by customer group and type as follows:

IT Solutions & Services Revenue by Customer Group

Three Months Ended June 30

Six Months Ended June 30

2022

2022

Financial & Legal

$

521,000

$

545,000

Healthcare

234,000

246,000

Education

54,000

58,000

Other commercial clients

925,000

971,000

$

1,734,000

$

1,820,000

IT Solutions & Services Revenue by Type

Three Months Ended June 30

Six Months Ended June 30

2022

2022

Project & product revenue

$

214,000

$

259,000

Services & support revenue

1,520,000

1,561,000

$

1,734,000

$

1,820,000