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CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2023
Dec. 31, 2022
Current Assets:    
Cash $ 5,094,794 $ 3,847,225
Accounts receivable, net 4,352,196 4,857,772
Insurance recovery receivable 3,600,000
Contract assets, net 35,312,068 27,384,540
Inventory 1,436,647 2,493,069
Refundable income taxes 40,000 40,000
Prepaid expenses and other current assets 678,026 975,830
Total Current Assets 46,913,731 43,198,436
Operating lease right-of-use assets 4,740,193 6,526,627
Property and equipment, net 794,056 1,124,556
Deferred tax asset 19,938,124 6,574,463
Goodwill 1,784,254 1,784,254
Other assets 189,774 238,744
Total Assets 74,360,132 59,447,080
Current Liabilities:    
Accounts payable 10,487,012 8,029,996
Accrued expenses 10,275,695 7,344,590
Litigation settlement obligation 3,600,000
Contract liabilities 5,937,629 6,001,726
Loss reserve 337,351 576,549
Current portion of line of credit 2,400,000 1,200,000
Current portion of long-term debt 44,498 1,719,766
Operating lease liabilities 1,999,058 1,817,811
Income taxes payable 30,107 11,396
Total Current Liabilities 31,511,350 30,301,834
Line of credit, net of current portion 17,640,000 19,800,000
Long-term operating lease liabilities 3,100,571 5,077,235
Long-term debt, net of current portion 26,483 70,981
Total Liabilities 52,278,404 55,250,050
Shareholders’ Equity:    
Common stock - $.001 par value; authorized 50,000,000 shares, 12,771,434 and 12,506,795 shares, respectively, issued and outstanding 12,771 12,507
Additional paid-in capital 73,872,679 73,189,449
Accumulated deficit (51,803,722) (69,004,926)
Total Shareholders’ Equity 22,081,728 4,197,030
Total Liabilities and Shareholders’ Equity $ 74,360,132 $ 59,447,080