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Condensed Balance Sheets (Current Period Unaudited) - USD ($)
Jun. 30, 2015
Dec. 31, 2014
Current Assets:    
Cash $ 788,691 $ 1,504,907
Accounts receivable, net 7,570,585 6,466,814
Costs and estimated earnings in excess of billings on uncompleted contracts 90,182,256 79,054,139
Deferred income taxes 1,788,000 1,708,000
Refundable income taxes 341,933 8,138,322
Prepaid expenses and other current assets 1,002,632 828,275
Total current assets 101,674,097 97,700,457
Plant and equipment, net 2,564,875 2,755,186
Deferred income taxes 2,566,000 3,591,000
Other assets 108,080 108,080
Total Assets 106,913,052 104,154,723
Current Liabilities:    
Accounts payable 10,884,063 8,928,456
Accrued expenses 1,210,097 1,061,747
Billings in excess of costs and estimated earnings on uncompleted contracts 97,662 193,650
Current portion of long-term debt 1,004,320 971,713
Contract loss 1,741,518 396,182
Line of credit 22,500,000 25,150,000
Income tax payable 19,592 6,067
Deferred income taxes 178,000 128,000
Total current liabilities 37,635,252 36,835,815
Long-term debt, net of current portion 870,466 1,289,843
Deferred income taxes 531,000 622,000
Other liabilities 614,271 593,909
Total Liabilities 39,650,989 39,341,567
Shareholders’ Equity:    
Common stock - $.001 par value; authorized 50,000,000 shares, 8,551,578 and 8,500,555 shares, respectively, issued and outstanding 8,552 8,501
Additional paid-in capital 51,968,754 51,440,770
Retained earnings 15,291,829 13,373,601
Accumulated other comprehensive loss (7,072) (9,716)
Total Shareholders’ Equity 67,262,063 64,813,156
Total Liabilities and Shareholders’ Equity $ 106,913,052 $ 104,154,723