XML 25 R4.htm IDEA: XBRL DOCUMENT v3.3.0.814
Condensed Statements of Operations and Comprehensive Income (Loss) (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Engineering [Member]        
Expenses:        
Engineering $ 309,769 $ 329,864 $ 1,058,705 $ 832,517
Contract revenues 1,240,393 1,057,442 5,450,815 3,150,584
Cost of sales 529,303 431,701 2,868,377 1,284,081
Gross margin 711,090 625,741 2,582,438 1,866,503
Engineering 24,890 1,724 34,625 5,021
General and administrative 328,734 213,956 951,331 806,591
Total expenses 638,503 543,820 2,010,036 1,639,108
Income from operations 72,587 81,921 572,402 227,395
Interest income 149 95 336 316
Net income before income taxes 72,736 82,016 572,738 227,711
Income tax expense (benefit) 36,000 (45,419) 274,500 (21,973)
Net income $ 36,736 $ 127,435 $ 298,238 $ 249,684
Other comprehensive income (loss)
Comprehensive income $ 36,736 $ 127,435 $ 298,238 $ 249,684
Basic income per share (in dollars per share) $ 0.01 $ 0.01
Weighted average shares outstanding - basic (in shares) 31,947,753 31,904,786 32,064,778 31,892,694
Dilutive income per share (in dollars per share) $ 0.01 $ 0.01
Diluted weighted average number of shares outstanding (in shares) 35,548,552 35,509,307 35,665,577 35,488,707