Source document: sunworks-inc_2019

Question: What is the valuation allowance in 2019?
Facts: 2,518
Answer: 2,518

Question: Where does the company file income tax returns?
Facts: in the U.S. federal jurisdiction and the state of California
Answer: in the U.S. federal jurisdiction and the state of California

Question: What is the net loss at effective tax rates in 2019?
Facts: 2,508
Answer: 2,508

Question: What is the percentage change in the net loss at effective tax rates from 2018 to 2019?
Facts: 1,567; 2,508
Derivation: (2,508-1,567)/1,567
Answer: 60.05 percent

Question: What is the percentage change in the stock compensation expense from 2018 to 2019?
Facts: 119; 358
Derivation: (119-358)/358
Answer: -66.76 percent

Question: What is the percentage change in the valuation allowance from 2018 to 2019?
Facts: 2,518; 833
Derivation: (2,518-833)/833
Answer: 202.28 percent

Question: What is the  Revenue as reported?
Facts: $70,965
Answer: $70,965

Question: When will cost of uninstalled materials or equipment be included in the recognition of profit?
Facts: specifically produced or manufactured for a project, because such costs are not considered to be a measure of progress
Answer: specifically produced or manufactured for a project, because such costs are not considered to be a measure of progress

Question: What does the table show?
Facts: the impact of the adoption of ASC 606 on the Company’s condensed consolidated statement of operations for the year ended December 31, 2018 and the consolidated balance sheet as of December 31, 2018
Answer: the impact of the adoption of ASC 606 on the Company’s condensed consolidated statement of operations for the year ended December 31, 2018 and the consolidated balance sheet as of December 31, 2018

Question: What is the percentage change in revenue after the adoption of ASC 606?
Facts: 68,845; 70,965
Derivation: (70,965-68,845)/68,845
Answer: 3.08 percent

Question: What is the percentage change in the costs of goods sold after the adoption of ASC 606?
Facts: 57,471; 58,701
Derivation: (58,701-57,471)/57,471
Answer: 2.14 percent

Question: What is the gross profit ratio for the year ended December 31, 2018?
Facts: 12,264; 70,965
Derivation: 12,264/70,965
Answer: 0.17

Question: What are the two changes in accounting principles in adopting ASC 606?
Facts: Completed contracts; Timing of revenue recognition for uninstalled materials
Answer: Timing of revenue recognition for uninstalled materials; Completed contracts

Question: How is revenue recognised under ASC 606?
Facts: revenue is recognized as the customer obtains control of the goods and services promised in the contract (i.e., performance obligations)
Answer: revenue is recognized as the customer obtains control of the goods and services promised in the contract (i.e., performance obligations)

Question: What is the Contract assets balance at December 31, 2017? 
Facts: $3,790
Answer: $3,790

Question: What is the percentage change in the contract liabilities after adjustments due to ASC606?
Facts: 7,288; 821
Derivation: 821/7,288
Answer: 11.27 percent

Question: What is the percentage change in the contract assets after adjustments due to ASC606?
Facts: 3,790; 584
Derivation: -584/3,790
Answer: -15.41 percent

Question: What is the percentage change in the accumulated deficit after the adjustment?
Facts: 1,405; 56,365
Derivation: -1,405/-56,365
Answer: 2.49 percent

Question: How are revenue and associated profit recognised under ASC 606?
Facts: recognized as the customer obtains control of the goods and services promised in the contract (i.e., performance obligations)
Answer: recognized as the customer obtains control of the goods and services promised in the contract (i.e., performance obligations)

Question: What is the total revenue in 2019?
Facts: 59,830
Answer: 59,830

Question: What is the revenue from Residential in 2018?
Facts: 19,786
Answer: 19,786

Question: What is the percentage change in the revenue from agricultural, commercial and industrial group from 2018 to 2019?
Facts: 28,940; 33,193
Derivation: (28,940-33,193)/33,193
Answer: -12.81 percent

Question: What is the percentage change in the revenue from public works from 2018 to 2019?
Facts: 12,128; 17,986
Derivation: (12,128-17,986)/17,986
Answer: -32.57 percent

Question: What is the percent of total revenue from residential in the total revenue for the year ended December 31, 2019?
Facts: 18,762; 59,830
Derivation: 18,762/59,830
Answer: 31.36 percent

Question: In which year is the revenue from Agricultural, Commercial, and Industrial (ACI) higher?
Facts: 2018
Derivation: Find the year with the higher revenue from Agricultural, Commercial, and Industrial (ACI)
Answer: 2018

Question: In which year is the revenue from Public Works higher?
Facts: 2018
Derivation: Find the year with the higher revenue from public works
Answer: 2018

Question: What is the net operating loss carry-forwards at December 31, 2019?
Facts: $21.6 million
Answer: $21.6 million

Question: What is the  NOL carryover for 2019?
Facts: $5,910
Answer: $5,910

Question: How are deferred tax assets and liabilities adjusted?
Facts: adjusted for the effects of changes in tax laws and rates on the date of enactment
Answer: adjusted for the effects of changes in tax laws and rates on the date of enactment

Question: What is the percentage change in the total deferred tax assets from 2018 to 2019?
Facts: 3,843; 6,361
Derivation: (6,361-3,843)/3,843
Answer: 65.52 percent

Question: What is the percentage of R&D carryover in the total deferred tax assets in 2019?
Facts: 173; 6,361
Derivation: 173/6,361
Answer: 2.72 percent

Question: What is the percentage of depreciation in the total deferred tax assets in 2018?
Facts: 3,843; 61
Derivation: 61/3,843
Answer: 1.59 percent

Question: In which year is the NOL carryover higher?
Facts: 2019
Derivation: Find the year with the higher NOL carryover
Answer: 2019