Quarterly report pursuant to Section 13 or 15(d)

Accounts Receivable

v3.21.1
Accounts Receivable
3 Months Ended
Mar. 31, 2021
Accounts Receivable [Abstract]  
Accounts Receivable

4.

Accounts Receivable

 

At March 31, 2021 and December 31, 2020, the Company’s accounts receivable consisted of the following:



 

 

2021

 

 

2020

 


Billed: 

 

 

 

 

 

 


   Construction services

$ 2,049,179

$ 1,391,555

   Engineering services

 

 

68,223

 

 

 

86,264

 


   Medical revenue

1,098,271


1,157,819

   Retainage receivable

 

 

615,136

 

 

 

615,136

 


   Other receivable


182,012


180,748

      Total gross receivables

 

 

4,012,821

 

 

 

3,431,522

 


Less: allowance for credit losses  

 

 

(795,914

)

 

 

(795,914

)


      Total net receivables  

 

$

3,216,907

 

 

$

2,635,608

 


Receivables are evaluated for collectability and allowances for potential losses are established or maintained on applicable receivables. The allowance of doubtful accounts was $795,914 as of March 31, 2021. There was no provision for doubtful accounts, no recoveries collected for doubtful accounts and no write offs during the three months ended March 31, 2021. There was a provision for doubtful accounts of $10,018, and no write offs for the year ended December 31, 2020.