Quarterly report pursuant to Section 13 or 15(d)

Accounts Receivable

v3.19.1
Accounts Receivable
3 Months Ended
Mar. 31, 2019
Accounts Receivable [Abstract]  
Accounts Receivable

4.

Accounts Receivable

 

At March 31, 2019 and December 31, 2018, the Company’s accounts receivable consisted of the following: 



 

 

March 31,

2019

 

 

December 31,

2018

 


Billed: 

 

 

 

 

 

 


Block sales

 

$

 

 

$

14,723

 


Construction services


2,826,999


1,619,498

Engineering services

 

 

416,894

 

 

 

400,877

 


Retainage receivable

 

 

544,910

 

 

 

543,417

 


Other receivable


7,706


7,706

Total gross receivables

 

 

3,796,509

 

 

 

2,586,221

 


Less: allowance for doubtful accounts (1)

 

 

(839,895

)

 

 

(839,895

)


Total net receivables

 

$

2,956,614

 

 

$

1,746,326

 


(1) The allowance for doubtful accounts is primarily due to unpaid billings on a contract that is currently in dispute.


Receivables are evaluated for collectability and allowances for potential losses are established or maintained on applicable receivables. The allowance for doubtful accounts was $839,895 as of March 31, 2019. There was no provision for doubtful accounts and no write offs for the three months ended March 31, 2019. The provision for doubtful accounts was $810,580 and write offs were $4,920 for the year ended December 31, 2018.