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Consolidated Statement of Cash Flow (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash Flows from Operating Activities    
Net Income $ 1,745,458 $ 373,752
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 494,192 359,981
Non-cash share-based compensation expense 223,859 236,167
Changes in assets and liabilities:    
Decrease (Increase) in accounts receivable (1,332,723) 493,837
Decrease (Increase) in inventories 162,988 (2,460)
Decrease (Increase) in costs and estimated earnings in excess of billings (398,283) (787,400)
Decrease (Increase) in prepaid expenses & other assets 51,144 (120,791)
Increase (Decrease) in accounts payable (927,360) (41,352)
Increase (Decrease) in accrued payroll and related expenses (465,957) (74,152)
Increase (Decrease) in accrued expenses 733,969 (131,060)
Increase (Decrease) in accrued income taxes 694,480 45,228
Increase (Decrease) in unearned revenue (2,285,385) (32,754)
Total adjustments (3,049,076) (54,796)
Net Cash Provided (Used) by Operating Activities (1,303,618) 318,956
Cash Flows from Investing Activities    
Capital expenditures (323,447) (62,586)
Net Cash (Used in) Investing Activities (323,447) (62,586)
Cash Flows from Financing Activities    
Payments on notes (105,175) (37,434)
Payments on bank debt (1,083,334) (1,975,000)
Borrowings on bank debt 451,716 173,614
Payments on finance lease (1,639) (13,514)
Net Cash Provided by (Used in) Financing Activities (738,432) (1,852,334)
Net Increase (decrease) in cash and cash equivalents (2,365,497) (1,595,964)
Cash and cash equivalents at beginning of quarter 5,057,626 2,444,110
Cash and cash equivalents at end of quarter 2,692,129 848,146
Supplemental disclosures of cash flow information    
Interest Paid 190,462 156,413
Income Taxes Paid $ 74,560