XML 26 R2.htm IDEA: XBRL DOCUMENT v2.3.0.15
CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
Sep. 30, 2011
Dec. 31, 2010
Current Assets  
Cash and cash equivalents$ 7,490,034$ 10,980,420
Contract and other receivables, net6,167,97410,134,475
Costs and estimated earnings in excess of billings on uncompleted contracts1,055,7561,079,813
Prepaid expenses and other current assets689,637555,375
Total current assets15,403,40122,750,083
Property and equipment, net333,731375,926
Goodwill3,839,6823,811,127
Other intangible assets, net60,00060,000
Other assets23,85740,210
Total assets19,660,67127,037,346
Current Liabilities  
Notes payable, current portion250,000200,572
Accounts payable and accrued expenses3,894,3959,370,446
Billings in excess of costs and estimated earnings on uncompleted contracts2,873,8587,892,460
Total current liabilities7,018,25317,463,478
Convertible notes, less current portion2,582,3012,750,000
Other liabilities92,944137,218
Total liabilities9,693,49820,350,696
Commitments and Contingencies  
Stockholders' Equity  
Preferred stock- $.0001 par value; 1,000,000 shares authorized; no shares issued or outstanding  
Common stock- $.0001 par value, 49,000,000 and 100,000,000 shares authorized; 14,491,307 and 13,857,127 issued; 13,857,420 and 13,384,860 outstanding at September 30, 2011 and December 31, 2010, respectively1,4491,386
Additional paid-in capital65,719,19765,247,545
Treasury stock 633,887 and 472,267 shares at cost at September 30, 2011 and December 31, 2010, respectively(1,373,242)(1,084,809)
Accumulated deficit(54,380,231)(57,477,472)
Total stockholders' equity9,967,1736,686,650
Total liabilities and stockholders' equity$ 19,660,671$ 27,037,346