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BALANCE SHEETS (USD $)
Dec. 31, 2011
Dec. 31, 2010
Current Assets:    
Cash $ 878,200 $ 823,376
Accounts receivable, net 4,285,570 6,152,544
Costs and estimated earnings in excess of billings on uncompleted contracts 79,010,362 47,165,166
Deferred income taxes 257,000 0
Prepaid expenses and other current assets 662,326 606,369
Total current assets 85,093,458 54,747,455
Property and equipment, net 2,629,569 881,915
Deferred income taxes 1,105,000 668,000
Other assets 112,080 159,817
Total Assets 88,940,107 56,457,187
Current Liabilities:    
Accounts payable 11,998,244 8,267,330
Accrued expenses 994,398 301,941
Current portion of long-term debt 887,380 685,008
Line of credit 16,100,000 800,000
Deferred income taxes 125,000 182,000
Income taxes payable 2,802,000 134,006
Total current liabilities 32,907,022 10,370,285
Long-term debt, net of current portion 889,239 1,190,097
Deferred income taxes 660,000 0
Other liabilities 457,639 226,362
Total Liabilities 34,913,900 11,786,744
Commitments      
Shareholders' Equity:    
Common stock - $.001 par value; authorized 50,000,000 shares, issued 7,079,638 and 6,911,570 shares, respectively, and outstanding 6,946,381 and 6,789,736 shares, respectively 7,080 6,912
Additional paid-in capital 35,346,273 33,272,237
Retained earnings 19,834,852 12,417,924
Accumulated other comprehensive loss (21,772) (45,404)
Treasury stock, 133,257 and 121,834 shares, respectively of common stock (at cost) (1,140,226) (981,226)
Total Shareholders' Equity 54,026,207 44,670,443
Total Liabilities and Shareholders' Equity $ 88,940,107 $ 56,457,187