Quarterly report pursuant to Section 13 or 15(d)

Note 4 - Accounts Receivable

v3.21.1
Note 4 - Accounts Receivable
3 Months Ended
Mar. 31, 2021
Notes to Financial Statements  
Accounts and Nontrade Receivable [Text Block]
4.
Accounts Receivable
 
Accounts receivable at
March 31, 2021
and
December 31, 2020,
consist of the following:
 
   
March 31, 2021
   
December 31, 2020
 
Billed federal government
  $
1,153,203
    $
1,425,217
 
Unbilled receivables
   
32,760
     
17,014
 
Accounts receivable
  $
1,185,963
    $
1,442,231
 
 
Billed receivables from the federal government include amounts due from both prime contracts and subcontracts where the federal government is the end customer. Unbilled receivables include short-term contract assets where billing cycles differ from calendar months or a monthly fixed billing amount does
not
reflect the revenue earned in a given month.