Quarterly report pursuant to Section 13 or 15(d)

Revenue Recognition

v3.22.2.2
Revenue Recognition
 9 Months Ended
Sep. 30, 2022
Revenue Recognition [Abstract]  
Revenue Recognition NOTE 4 – REVENUE RECOGNITION

Disaggregation of revenue

Revenues are recognized when control of the promised goods or services is transferred to our customers, in an amount that best reflects the consideration we expect to receive in exchange for those goods or services. In accordance with ASC 606-10-50-5, the following tables present how we disaggregated our revenues for the three and nine months ended September 30, 2022. There was $25,417 in commission revenue during each of the three and nine months ended September 30, 2021.

The Solar segment classifies its revenue by type as follows:

Solar Revenue by Type

Three Months Ended September 30

Nine Months Ended September 30

2022

2022

Residential contracts

$

5,800,813

$

10,180,214

Commercial contracts

72,894

109,441

Commission revenue

14,455

48,828

$

5,888,162

$

10,338,483

The IT Solutions & Services segment classifies its revenue (including $39,211 and $99,975 of intercompany revenue for the three and nine months ended September 30, 2022, respectively) by customer group and type as follows:

IT Solutions & Services Revenue by Customer Group

Three Months Ended September 30

Nine Months Ended September 30

2022

2022

Financial & Legal

$

577,145

$

1,122,624

Healthcare

242,638

488,574

Education

57,476

115,171

Other commercial clients

982,852

1,953,621

$

1,860,111

$

3,679,990

IT Solutions & Services Revenue by Type

Three Months Ended September 30

Nine Months Ended September 30

2022

2022

Project & product revenue

$

209,127

$

468,145

Services & support revenue

1,650,984

3,211,845

$

1,860,111

$

3,679,990