Annual report pursuant to Section 13 and 15(d)

REVENUE FROM CONTRACTS WITH CUSTOMERS (Tables)

v3.23.1
REVENUE FROM CONTRACTS WITH CUSTOMERS (Tables)
12 Months Ended
Dec. 31, 2022
Revenue from Contract with Customer [Abstract]  
Schedule of Revenue, By Source The table below presents the revenue by source for the years ended December 31, 2022 and 2021:
For the year ended December 31, 2022
CEA Commercial Total Relative Percentage
Equipment systems $ 33,333,574  $ —  $ 33,333,574  50%
Services 8,016,433  4,845,875  12,862,308  19%
Construction design-build 1,664,538  18,158,363  19,822,901  30%
Other 1,011,151  —  1,011,151  2%
Total revenues and other income $ 44,025,696  $ 23,004,238  $ 67,029,934  100%
Relative percentage 66  % 34  % 100  %
Note: Percentages may not calculate due to rounding.

For the year ended December 31, 2021
CEA Commercial Total Relative Percentage
Equipment systems $ 55,560,126  $ —  $ 55,560,126  89%
Services 3,102,945  1,940,819  5,043,764  8%
Construction design-build —  —  —  —%
Other 1,509,291  —  1,509,291  2%
Total revenues and other income $ 60,172,362  $ 1,940,819  $ 62,113,181  100%
Relative percentage 97  % % 100  %
Note: Percentages may not calculate due to rounding.
Schedule of Contract Assets and Contract Liabilities from Contracts with Customers
The following table provides information about contract assets and contract liabilities from contracts with customers:

As of December 31,
2022 2021
Contract assets:
Revenue recognized in excess of amounts paid or payable (contract receivables) to the Company on uncompleted contracts (contract asset), excluding retainage $ 2,874,141  $ — 
Retainage included in contract assets due to being conditional on something other than solely passage of time 130,141  — 
Total contract assets $ 3,004,282  $  
As of December 31,
2022 2021
Contract liabilities:
Payments received or receivable (contract receivables) in excess of revenue recognized on uncompleted contracts (contract liability) $ 1,294,452  $ — 
Retainage included in contract liabilities due to being conditional on something other than solely passage of time —  — 
Total contract liabilities $ 1,294,452  $