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Statements of Income (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Contract revenues $ 2,020,265 $ 2,490,660
Cost of sales 778,542 1,177,032
Gross margin 1,241,723 1,313,628
Expenses:    
Engineering 662,250 640,293
General and administrative 463,565 451,678
Total expenses 1,125,815 1,091,971
Income from operations 115,908 221,657
Other income:    
Interest income 1,732 460
Net income before income taxes 117,640 222,117
Income tax expense 36,835 68,812
Net income available to common shareholders $ 80,805 $ 153,305
Income per common share - basic (in dollars per share)
Basic weighted average number of shares outstanding (in shares) 35,568,775 35,564,419
Income per common share - diluted (in dollars per share)
Diluted weighted average number of shares outstanding (in shares) 35,807,830 35,829,565