Quarterly report pursuant to Section 13 or 15(d)

ASC 606 Revenue Recognition and Significant Accounting Policies Disclosures (Tables)

v3.19.1
ASC 606 Revenue Recognition and Significant Accounting Policies Disclosures (Tables)
3 Months Ended
Mar. 31, 2019
Revenue From Contract With Customer [Abstract]  
Disaggregation of Revenue

The following table disaggregates the Company’s revenue for the three months ended March 31 as indicated:

 

 

 

Three Months ended March 31,

 

 

 

2019

 

 

2018

 

Electrical construction operations (1)

 

 

 

 

 

 

 

 

Southeast

 

$

19,350,874

 

 

$

11,984,171

 

mid-Atlantic

 

 

12,053,703

 

 

 

9,274,423

 

Texas-Southwest (3)

 

 

9,540,921

 

 

 

11,281,343

 

Other electrical construction (2), (3)

 

 

441,820

 

 

 

1,591,982

 

Total

 

 

41,387,318

 

 

 

34,131,919

 

Real estate development operations

 

 

6,092,938

 

 

 

306,777

 

Total revenue

 

$

47,480,256

 

 

$

34,438,696

 

 

(1) Principal electrical construction operations include revenue from transmission lines, distribution systems, substations and drilled pier foundations.

(2) Other electrical construction includes revenue from storm work, fiber optics and other miscellaneous electrical construction items.

(3) Amounts have been reclassified from the “Texas-Southwest” regions to “Other electrical construction,” for the presentation of the three months ended March 31, 2018, since these amounts are associated with storm work. This reclassification had no impact on the total revenue reported for electrical construction operations. The amounts reclassified for the three months ended March 31, 2018 totaled $922,000.