Quarterly report pursuant to Section 13 or 15(d)

Note 4 - Accounts Receivable

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Note 4 - Accounts Receivable
 6 Months Ended
Jun. 30, 2021
Notes to Financial Statements  
Accounts and Nontrade Receivable [Text Block]

4.

Accounts Receivable

 

Accounts receivable at June 30, 2021 and December 31, 2020, consist of the following:

 

   

June 30, 2021

    

December 31, 2020

  

Billed federal government

   $ 1,947,648     $ 1,425,217  

Billed commercial and other

     64,035       -  

Total billed

     2,011,683       1,425,217  

Unbilled receivables

     85,838       17,014  

Accounts receivable

   $ 2,097,521     $ 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.