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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Sep. 30, 2023
Dec. 31, 2022
Current Assets:    
Cash $ 2,609,693 $ 3,847,225
Accounts receivable, net 9,124,187 4,857,772
Insurance recovery receivable 3,600,000
Contract assets 31,030,568 27,384,540
Inventory 1,650,873 2,493,069
Refundable income taxes 40,000 40,000
Prepaid expenses and other current assets 670,304 975,830
Total Current Assets 45,125,625 43,198,436
Operating lease right-of-use assets 5,196,418 6,526,627
Property and equipment, net 866,536 1,124,556
Deferred tax asset 6,074,243 6,574,463
Goodwill 1,784,254 1,784,254
Other assets 212,054 238,744
Total Assets 59,259,130 59,447,080
Current Liabilities:    
Accounts payable 13,058,857 8,029,996
Accrued expenses 5,409,080 7,344,590
Litigation settlement obligation 3,600,000
Contract liabilities 6,669,341 6,001,726
Loss reserve 371,633 576,549
Current portion of line of credit 2,400,000 1,200,000
Current portion of long-term debt 66,311 1,719,766
Operating lease liabilities, current 1,961,070 1,817,811
Income tax payable 16,874 11,396
Total Current Liabilities 29,953,166 30,301,834
Line of credit, net of current portion 18,360,000 19,800,000
Long-term operating lease liabilities 3,613,270 5,077,235
Long-term debt, net of current portion 34,064 70,981
Total Liabilities 51,960,500 55,250,050
Shareholders’ Equity:    
Common stock - $.001 par value; authorized 50,000,000 shares, 12,760,331 and 12,506,795 shares, respectively, issued and outstanding 12,761 12,507
Additional paid-in capital 73,849,050 73,189,449
Accumulated deficit (66,563,181) (69,004,926)
Total Shareholders’ Equity 7,298,630 4,197,030
Total Liabilities and Shareholders’ Equity $ 59,259,130 $ 59,447,080