Quarterly report pursuant to Section 13 or 15(d)

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

v3.10.0.1
ASC 606 Revenue Recognition and Significant Accounting Policies Disclosures (Tables)
9 Months Ended
Sep. 30, 2018
Revenue from Contract with Customer [Abstract]  
Disaggregation of Revenue
The following table disaggregates the Company’s revenue for the three and nine month periods ended September 30 as indicated:
 
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
 
2018
 
2017
 
2018
 
2017
Electrical construction operations (1)
 
 
 
 
 
 
 
 
Southeast
 
$
13,893,392

 
$
11,061,326

 
$
41,718,479

 
$
45,061,284

mid-Atlantic
 
10,412,435

 
6,295,504

 
30,273,368

 
17,808,885

Texas-Southwest (4)
 
3,124,521

 
82,272

 
23,614,488

 
11,275,976

Other electrical construction (2), (4)
 
2,084,617

 
6,177,271

 
4,236,316

 
7,723,342

Total
 
29,514,965

 
23,616,373

 
99,842,651

 
81,869,487

All Other (3)
 
1,777

 
890,842

 
1,620,031

 
2,471,473

Total revenue
 
$
29,516,742

 
$
24,507,215

 
$
101,462,682

 
$
84,340,960

___________________________
 
 
 
 
 
 
 
 
(1) Principal electrical construction operations includes 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) Mainly real estate construction revenue.
(4) Amounts have been reclassified from the “Texas-Southwest” regions to “Other electrical construction,” since these amounts are associated with storm work. This reclassification had no impact on the total revenue reported for electrical construction operations. The quarter to date amounts reclassified for Q1 2018 and Q2 2018, were $921,722 and $50,093, respectively.