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Balance Sheets - USD ($)
Dec. 31, 2015
Dec. 31, 2014
Current Assets:    
Cash $ 1,002,023 $ 1,504,907
Accounts receivable, net 7,665,837 6,466,814
Costs and estimated earnings in excess of billings on uncompleted contracts $ 102,622,387 79,054,139
Refundable income taxes 8,138,322
Prepaid expenses and other current assets $ 1,065,473 828,275
Total current assets 112,355,720 95,992,457
Property and equipment, net 2,358,736 2,755,186
Deferred income taxes 1,890,000 4,549,000
Other assets 108,080 108,080
Total Assets 116,712,536 103,404,723
Current Liabilities:    
Accounts payable 18,379,469 8,928,456
Accrued expenses 1,057,682 1,061,747
Billings in excess of costs and estimated earnings on uncompleted contracts 175,438 193,650
Current portion of long-term debt 1,011,491 971,713
Contract loss 549,723 396,182
Line of credit 23,700,000 25,150,000
Income taxes payable 189,000 6,067
Total current liabilities 45,062,803 36,707,815
Long-term debt, net of current portion 483,961 1,289,843
Other liabilities 633,663 593,909
Total Liabilities $ 46,180,427 $ 38,591,567
Commitments
Shareholders’ Equity:    
Common stock - $.001 par value; authorized 50,000,000 shares, 8,583,511 and 8,500,555 shares, respectively, issued and outstanding $ 8,584 $ 8,501
Additional paid-in capital 52,137,384 51,440,770
Retained earnings 18,389,594 13,373,601
Accumulated other comprehensive loss (3,453) (9,716)
Total Shareholders’ Equity 70,532,109 64,813,156
Total Liabilities and Shareholders’ Equity $ 116,712,536 $ 103,404,723