XML 12 R2.htm IDEA: XBRL DOCUMENT v3.19.2
CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Jun. 30, 2019
Dec. 31, 2018
Current Assets:    
Cash $ 752,607 $ 4,128,142
Restricted cash 2,000,000 2,000,000
Accounts receivable, net of allowance for doubtful accounts of $275,000 as of June 30, 2019 and December 31, 2018 8,399,920 8,623,329
Contract assets 120,254,379 113,333,491
Inventory 11,956,006 9,711,997
Refundable income taxes 435,000 435,000
Prepaid expenses and other current assets 1,118,620 1,972,630
Total current assets 144,916,532 140,204,589
Operating lease right-of-use assets 4,626,916  
Property and equipment, net 3,362,084 2,545,192
Refundable income taxes   435,000
Deferred income taxes 488,319 279,318
Other assets 230,258 249,575
Total assets 153,624,109 143,713,674
Current Liabilities:    
Accounts payable 11,540,234 9,902,481
Accrued expenses 927,672 1,558,160
Contract liabilities 3,488,823 3,805,106
Current portion of long-term debt 2,507,060 2,434,981
Operating lease liabilities 1,637,869  
Line of credit 25,738,685 24,038,685
Income tax payable 453,828 115,000
Total current liabilities 46,294,171 41,854,413
Long-term operating lease liabilities 3,464,146  
Long-term debt, net of current portion 2,981,869 3,876,238
Deferred income taxes 2,638,415 4,028,553
Other liabilities   531,124
Total liabilities 55,378,601 50,290,328
Shareholders' Equity:    
Common stock - $.001 par value; authorized 50,000,000 shares, 11,820,390 and 11,718,246 shares, respectively, issued and outstanding 11,813 11,715
Additional paid-in capital 71,104,425 70,651,416
Retained earnings 27,129,270 22,760,215
Total Shareholders' Equity 98,245,508 93,423,346
Total Liabilities and Shareholders' Equity $ 153,624,109 $ 143,713,674