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CONDENSED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
CONDENSED STATEMENTS OF CASH FLOWS    
Net income $ 2,938,865 $ 2,066,068
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation and amortization 210,576 173,906
Deferred rent (8,937) (1,791)
Stock option expense 942,226 497,054
Deferred portion of provision for income taxes (273,000) (171,000)
Tax benefit of stock options (438,000) 0
Decrease in accounts receivable 1,707,083 2,668,887
Increase in costs and estimated earnings in excess of billings on uncompleted contracts (13,716,055) (6,024,595)
Decrease in prepaid expenses and other assets 117,844 128,373
Increase (decrease) in accounts payable and accrued expenses (538) (763,761)
(Increase) decrease in income taxes payable 1,327,000 (1,041,368)
(Increase) decrease in other liabilities 0 (625)
Net cash used in operating activities (7,192,936) (2,468,852)
Cash used in investing activities - purchase of plant and equipment (261,021) (91,450)
Cash flows from financing activities:    
Payments on long-term debt (389,644) (334,567)
Proceeds from line of credit 7,000,000 0
Repayment of line of credit 0 (2,200,000)
Proceeds from exercise of stock options 251,950 112,500
Proceeds from sale of commom stock 0 3,531,870
Tax benefit of stock options 438,000 0
Net cash provided by financing activities 7,300,306 1,109,803
Net decrease in cash (153,651) (1,450,499)
Cash at beginning of period 823,376 2,224,825
Cash at end of period 669,725 774,326
Non-Cash Investing and Financing Activities    
Settlement of other receivables 0 60,000
Equipment acquired under capital lease 343,492 101,694
Accrued expenses settled in exchange for common stock 0 99,697
Interest 108,366 97,048
Income taxes $ 180,000 $ 2,276,367