XML 16 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
Mar. 31, 2012
Dec. 31, 2011
Current Assets    
Cash and cash equivalents $ 6,039,871 $ 6,731,487
Contract and other receivables, net 11,144,489 7,147,714
Costs and estimated earnings in excess of billings on uncompleted contracts 1,419,047 2,729,424
Prepaid expenses and other current assets 580,539 497,712
Total current assets 19,183,946 17,106,337
Property and equipment, net 450,971 305,463
Goodwill 3,839,861 3,839,861
Other intangible assets, net 60,000 60,000
Other assets 24,093 20,975
Total assets 23,558,871 21,332,636
Current Liabilities    
Convertible notes payable, current portion 500,000 375,000
Accounts payable and accrued expenses 10,222,473 6,886,094
Billings in excess of costs and estimated earnings on uncompleted contracts 2,825,998 2,819,368
Total current liabilities 13,548,471 10,080,462
Convertible notes, less current portion 2,332,301 2,457,301
Other liabilities 74,783 76,073
Total liabilities 15,955,555 12,613,836
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; 14,879,356 and 14,749,356 issued; 14,136,760 and 14,028,407 outstanding at March 31, 2012 and December 31, 2011, respectively 1,475 1,475
Additional paid-in capital 65,944,392 65,805,358
Treasury stock- 742,596 and 720,949 shares at cost at March 31, 2012 and December 31, 2011, respectively (1,452,884) (1,450,455)
Accumulated deficit (56,889,667) (55,637,578)
Total stockholders' equity 7,603,316 8,718,800
Total liabilities and stockholders' equity $ 23,558,871 $ 21,332,636