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Consolidated Statement of Cash Flow (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash Flows from Operating Activities    
Net Income $ 3,576,937 $ 768,377
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 976,612 654,930
Loss (gain) on sale of operations 1,160,574
Loss (gain) on disposal of assets 4,294 0
Non-cash share-based compensation expense 266,042 249,167
Changes in assets and liabilities:    
Decrease (Increase) in accounts receivable (6,130,441) 1,023,256
Decrease (Increase) in inventories (666,130) (262,496)
Decrease (Increase) in costs and estimated earnings in excess of billings (782,054) (611,353)
Decrease (Increase) in prepaid expenses & other assets 148,599 (217,071)
Increase (Decrease) in accounts payable 1,997,175 717,836
Increase (Decrease) in accrued payroll and related expenses (277,589) 136,719
Increase (Decrease) in accrued expenses 944,172 (135,701)
Increase (Decrease) in accrued income taxes 107,271 119,019
Increase (Decrease) in unearned revenue (2,688,679) 580,858
Total adjustments (6,100,728) 3,415,738
Net Cash Provided by (Used in) Operating Activities (2,523,791) 4,184,115
Cash Flows from Investing Activities    
Capital expenditures (418,934) (133,385)
Cash paid for acquisition (50,001)
Net Cash Used in Investing Activities (468,935) (133,385)
Cash Flows from Financing Activities    
Payments on notes (223,993) (142,996)
Payments on bank debt (2,537,663) (4,100,000)
Borrowings on bank debt 1,442,445 435,729
Payments on capital lease (6,011) (24,007)
Net Cash Used in Financing Activities (1,325,222) (3,831,274)
Net Increase (decrease) in cash and cash equivalents (4,317,948) 219,456
Cash and cash equivalents at beginning of year 5,057,626 2,444,110
Cash and cash equivalents at end of period 739,678 2,663,566
Supplemental disclosures of cash flow information    
Interest Paid 439,572 232,991
Income Taxes Paid 1,161,400 119,019
Non-cash proceeds received for Class A and Class B Common Shares in exchange for the sale of certain assets $ 1,640,939