Annual report pursuant to Section 13 and 15(d)

Accounts Receivable

Accounts Receivable
12 Months Ended
Dec. 31, 2018
Notes to Financial Statements  
Accounts Receivable



The following table presents accounts receivable, net for the years ended December 31, 2018 and 2017:


    December 31  
    2018     2017  
Uncompleted contracts   $ 44,227     $ 36,464  
Completed contracts     13,184       13,865  
Unbilled receivable     16,957       12,040  
Allowance for doubtful accounts     (320 )     (670 )
Accounts receivable, net   $ 74,048     $ 61,699  


Accounts receivable from customers are generated from revenues earned after the installation or service for a job has been completed, inspected and approval has been obtained by its customer. The Company segments some of its large contracts into smaller more manageable contracts which allows for certain jobs to be completed, inspected and approved for payment by the customer in less time than non-segmentation. Unbilled Accounts Receivable are generally invoiced when authorized by the service provider typically within 90 to 180 days after the Company completes its performance obligation. The payment terms are generally 30 days.