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CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Jun. 30, 2020
Dec. 31, 2019
Current Assets:    
Cash $ 6,749,201 $ 4,052,109
Restricted cash 1,380,684 1,380,684
Accounts receivable, net of allowance for doubtful accounts of $213,605 as of June 30, 2020 and $230,855 as of December 31, 2019 6,958,417 7,029,602
Contract assets 15,566,681 15,280,807
Inventory 7,658,508 5,891,386
Refundable income taxes 36,973 474,904
Prepaid expenses and other current assets 864,781 721,964
Total current assets 39,215,245 34,831,456
Operating lease right-of-use assets 3,122,360 3,886,863
Property and equipment, net 2,840,872 3,282,939
Intangibles, net 312,500 375,000
Goodwill 1,784,254 1,784,254
Other assets 123,013 179,068
Total assets 47,398,244 44,339,580
Current Liabilities:    
Accounts payable 9,078,736 8,199,557
Accrued expenses 3,825,606 2,372,522
Contract liabilities 4,995,427 3,561,707
Loss contract reserve 2,101,123 2,650,963
Current portion of long-term debt 4,728,515 2,484,619
Operating lease liabilities 1,783,249 1,709,153
Income tax payable 1,216 1,216
Total current liabilities 26,513,872 20,979,737
Line of credit 26,738,685 26,738,685
Long-term operating lease liabilities 1,680,897 2,596,784
Long-term debt, net of current portion 3,077,992 1,764,614
Total liabilities 58,011,446 52,079,820
Shareholders’ Deficit:    
Common stock - $.001 par value; authorized 50,000,000 shares, 11,855,606 and 11,818,830 shares, respectively, issued and outstanding 11,856 11,819
Additional paid-in capital 71,830,980 71,294,629
Accumulated deficit (82,456,038) (79,046,688)
Total Shareholders’ Deficit (10,613,202) (7,740,240)
Total Liabilities and Shareholders’ Deficit $ 47,398,244 $ 44,339,580