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OHL USA, INC. AND SUBSIDIARIES <br />NOTES TO CONSOLIDATED FINANCIAL STATEMENTS <br />DECEMBER 31, 2020 <br />Note 5 - Fair Value Measurements (cont'd.) <br />The following table presents the Company's assets that are measured at fair value on a <br />recurring basis at December 31, 2020: <br />Total Level Level Level <br />Marketable debt securities - <br />available for sale: <br />Municipal Bonds - Local $ 59,443,146 $ - $ 59,446,146 $ - <br />Municipal Bonds - State 707,942 - 707,942 - <br />$ 60,154,088 $ - $ 60,154,088 $ - <br />Note 6 - Contract Receivables <br />Contract receivables, net are summarized as follows: <br />BILLED: <br />Completed contracts $ 11,830,027 <br />Contracts in process 127,313,071 <br />Retainage 88,402,660 <br />227,545,758 <br />Less: Allowance for doubtful accounts 1,729,694 <br />$ 225,816,064 <br />Included in contract receivables is approximately $32,178,000 of retainage which is not <br />expected to be collected within one year. <br />Note 7 - Prepaid Contract Costs <br />Prepaid contract costs at December 31, 202C are summarized as follows: <br />Prepaid bond costs $ 7,446,770 <br />Prepaid mobilization 2,822,035 <br />Prepaid stored materials 2,247,755 <br />Total Prepaid Contract Costs $ 12,516,560 <br />24 <br />