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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2024
Dec. 31, 2023
Current Assets:    
Cash $ 1,936,697 $ 5,094,794
Accounts receivable, net of allowance for credit losses 6,228,639 4,352,196
Contract assets, net 34,183,988 35,312,068
Inventory 1,132,520 1,436,647
Refundable income taxes 40,000 40,000
Prepaid expenses and other current assets 563,147 678,026
Total Current Assets 44,084,991 46,913,731
Operating lease right-of-use assets 3,808,903 4,740,193
Property and equipment, net 793,664 794,056
Deferred tax asset 19,582,905 19,938,124
Goodwill 1,784,254 1,784,254
Other assets 162,803 189,774
Total Assets 70,217,520 74,360,132
Current Liabilities:    
Accounts payable 14,528,893 10,487,012
Accrued expenses 5,994,894 10,275,695
Contract liabilities 2,482,535 5,937,629
Loss reserve 59,922 337,351
Current portion of line of credit 2,640,000 2,400,000
Current portion of long-term debt 30,663 44,498
Operating lease liabilities, current 2,076,851 1,999,058
Income taxes payable 31,734 30,107
Total Current Liabilities 27,845,492 31,511,350
Line of credit, net of current portion 16,200,000 17,640,000
Long-term operating lease liabilities 2,044,237 3,100,571
Long-term debt, net of current portion 10,821 26,483
Total Liabilities 46,100,550 52,278,404
Shareholders’ Equity:    
Common stock - $.001 par value; authorized 50,000,000 shares, 12,962,863 and 12,771,434 shares, respectively, issued and outstanding 12,963 12,771
Additional paid-in capital 74,329,545 73,872,679
Accumulated deficit (50,225,538) (51,803,722)
Total Shareholders’ Equity 24,116,970 22,081,728
Total Liabilities and Shareholders’ Equity $ 70,217,520 $ 74,360,132