| The following tables present the Company’s revenue disaggregated by contract type and revenue recognition method: |
The following tables present the Company’s
revenue disaggregated by contract type and revenue recognition method:
| | |
Three months ended
June 30, | | |
Six months ended
June 30, | |
| | |
2022 | | |
2021 | | |
2022 | | |
2021 | |
| Aerostructures | |
$ | 9,819,902 | | |
$ | 8,255,406 | | |
$ | 19,006,695 | | |
$ | 16,882,354 | |
| Aerosystems | |
| 5,984,045 | | |
| 6,167,283 | | |
| 12,670,873 | | |
| 16,171,720 | |
| Kitting and Supply Chain Management | |
| 3,121,459 | | |
| 7,878,501 | | |
| 7,382,935 | | |
| 20,065,862 | |
| | |
$ | 18,925,406 | | |
$ | 22,301,190 | | |
$ | 39,060,503 | | |
$ | 53,119,936 | |
| | |
Three months ended
June 30, | | |
Six months ended
June 30, | |
| | |
2022 | | |
2021 | | |
2022 | | |
2021 | |
| Revenue recognized using over time revenue recognition model | |
$ | 16,565,696 | | |
$ | 19,628,721 | | |
$ | 35,060,893 | | |
$ | 47,931,650 | |
| Revenue recognized using point in time revenue recognition model | |
| 2,359,710 | | |
| 2,672,469 | | |
| 3,999,610 | | |
| 5,188,286 | |
| | |
$ | 18,925,406 | | |
$ | 22,301,190 | | |
$ | 39,060,503 | | |
$ | 53,119,936 | |
|