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Statements of Income (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Contract revenues $ 1,017,121 $ 1,893,945 $ 4,890,889 $ 6,626,716
Cost of sales 317,015 776,493 1,887,708 3,055,932
Gross margin 700,106 1,117,452 3,003,181 3,570,784
Expenses:        
Engineering 691,337 648,739 2,049,425 1,882,829
General and administrative 349,230 413,731 1,182,537 1,287,668
Total expenses 1,040,567 1,062,470 3,231,962 3,170,497
(Loss) income from operations (340,461) 54,982 (228,781) 400,287
Other income:        
Interest income 898 322 3,569 1,238
(Loss) income before income taxes (339,563) 55,304 (225,212) 401,525
Income tax benefit (expense) 130,031 (18,275) 92,764 (127,364)
Net (loss) income available to common shareholders $ (209,532) $ 37,029 $ (132,448) $ 274,161
(Loss) income per common share - basic (in dollars per share) $ (0.01) $ 0.01
Basic weighted average number of shares outstanding (in shares) 35,588,775 35,568,775 35,578,519 35,308,668
(Loss) income per common share - diluted (in dollars per share) $ (0.01) $ 0.01
Diluted weighted average number of shares outstanding (in shares) 35,588,775 35,876,540 35,578,519 35,594,805