Quarterly report pursuant to Section 13 or 15(d)

Summary of Significant Accounting Policies (Tables)

v3.21.2
Summary of Significant Accounting Policies (Tables)
6 Months Ended
Jun. 30, 2021
Accounting Policies [Abstract]  
Summary of disaggregation of revenues by categories




Three Months Ended June 30,

Revenue by Customer Type

2021

2020


Construction and Engineering Services:















    Government

$ 1,097,660

9 %
$

%

    Hotel/Hospitality

283,355

2 %

38,135

6 %

    Medical - Construction 


242,533


2

%



57,033

9

%

    Multi-Family (includes Single Family)

(22,398

)

%


21,291

3


    Office

258,069


2

%


10,058

2


    Other (1)



%

300,000

48 %

    Retail



2,688

%

202,432

32 %

    Special Use

206,590

2 %



%

Subtotal

2,068,497

17 %

628,949

100 %

Medical Revenue:














    Medical (lab testing, kit sales and equipment) 

9,785,490


83

%


%


Total revenue by customer type 

$

11,853,987


100

%  


$

628,949

100

(1) Construction fee of $300,000 with no cost of revenue.



Six Months Ended June 30,

Revenue by Customer Type

2021

2020


Construction and Engineering Services:














   Government
$ 2,183,142

11 %
$
%

   Hotel/Hospitality

453,781

2 %

42,799

5 %

   Medical - Construction

494,093

2

%


58,532

7

%


   Multi-Family (includes Single Family)  

22,348

%

51,963

6 %

   Office

435,461

2

%


50,909

6

%

   Other (1)

%


 300,000

37

%

   Retail


44,701

%

323,502

39

%


   Special Use

1,666,635

8 %



%

Subtotal

5,300,161

25 %

827,705

100

Medical Revenue: 














   Medical (lab testing, kit sales and equipment)

15,741,453

75 %



%

Total revenue by customer type  

$

21,041,614

100


$

827,705

100

(1) Construction fee of $300,000 with no cost of revenue.

Summary of estimated amortization expense of intangible assets

For the year ending December 31,:

 

 

 


2021 

 

$

83,646

 


2022 

 

 

162,970

 


2023

 

 

161,176

 


2024 

 

 

160,469

 


2025

 

 

157,051

 


Thereafter 

 

 

1,453,567

 


 

 

$

2,178,879