Quarterly report pursuant to Section 13 or 15(d)

Accounts Receivable

v3.20.2
Accounts Receivable
6 Months Ended
Jun. 30, 2020
Accounts Receivable [Abstract]  
Accounts Receivable

4.

Accounts Receivable

 

At June 30, 2020 and December 31, 2019, the Company’s accounts receivable consisted of the following: 



 

 

2020

 

 

2019

 


Billed: 

 

 

 

 

 

 


   Construction services

$ 1,773,473

$ 1,321,575

   Engineering services

 

 

44,263

 

 

 

14,594

 


   Retainage receivable

 

 

543,416

 

 

 

544,911

 


   Other receivable


8,995


6,000

      Total gross receivables

 

 

2,370,147

 

 

 

1,887,080

 


Less: allowance for doubtful accounts  

 

 

(785,895

)

 

 

(785,895

)


      Total net receivables 

 

$

1,584,252

 

 

$

1,101,185

 


 










Receivables are evaluated for collectability and allowances for potential losses are established or maintained on applicable receivables. There was no provision for doubtful accounts, no recoveries collected for doubtful accounts and no write offs during the six months ended June 30, 2020. There was no provision for doubtful accounts, $54,000 in recoveries collected for doubtful accounts and no write offs for the year ended December 31, 2019.