Quarterly report pursuant to Section 13 or 15(d)

Revenue Recognition

v3.24.1.1.u2
Revenue Recognition
3 Months Ended
Mar. 31, 2024
Revenue Recognition [Abstract]  
Revenue Recognition NOTE 3 – 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.

The following table disaggregates revenue based on type:

Revenue by Type

Three Months Ended March 31

2024

2023

Residential contracts

$

11,597,935

$

18,341,734

Commercial contracts

997,193

2,827,779

Service revenue

624,069

642,321

Software revenue

250,000

Other

3,590

$

13,219,197

$

22,065,424

The following table disaggregates revenue based on the timing of satisfaction of the performance obligations:

Three Months Ended March 31

2024

2023

Performance obligations satisfied at a point in time

$

12,222,004

$

19,237,645

Performance obligations satisfied over time

997,193

2,827,779

$

13,219,197

$

22,065,424