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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 31, 2024
Dec. 31, 2023
Current Assets:    
Cash $ 3,018,068 $ 5,094,794
Accounts receivable, net 4,982,137 4,352,196
Contract assets, net 34,016,949 35,312,068
Inventory 1,281,219 1,436,647
Refundable income taxes 40,000 40,000
Prepaid expenses and other current assets 532,458 678,026
Total Current Assets 43,870,831 46,913,731
Operating lease right-of-use assets 4,277,724 4,740,193
Property and equipment, net 741,264 794,056
Deferred tax asset 19,906,903 19,938,124
Goodwill 1,784,254 1,784,254
Other assets 174,530 189,774
Total Assets 70,755,506 74,360,132
Current Liabilities:    
Accounts payable 11,864,561 10,487,012
Accrued expenses 7,943,246 10,275,695
Contract liabilities 4,497,225 5,937,629
Loss reserve 133,206 337,351
Current portion of line of credit 2,160,000 2,400,000
Current portion of long-term debt 30,010 44,498
Operating lease liabilities, current 2,037,547 1,999,058
Income taxes payable 38,358 30,107
Total Current Liabilities 28,704,153 31,511,350
Line of credit, net of current portion 16,920,000 17,640,000
Long-term operating lease liabilities 2,581,128 3,100,571
Long-term debt, net of current portion 18,736 26,483
Total Liabilities 48,224,017 52,278,404
Shareholders’ Equity:    
Common stock - $.001 par value; authorized 50,000,000 shares, 12,784,768 and 12,771,434 shares, respectively, issued and outstanding 12,784 12,771
Additional paid-in capital 74,154,189 73,872,679
Accumulated deficit (51,635,484) (51,803,722)
Total Shareholders’ Equity 22,531,489 22,081,728
Total Liabilities and Shareholders’ Equity $ 70,755,506 $ 74,360,132