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Consolidated Balance Sheets (USD $)
Jun. 30, 2011
Dec. 31, 2010
Current Assets:    
Cash and cash equivalents $ 21,714,398 $ 6,249,090
Accounts receivable, net 3,815,586 2,909,173
Cost and estimated earnings in excess of billings on uncompleted contracts 1,532,799 1,658,689
Inventories, net 3,005,155 3,479,862
Idle inventories 1,150,000 1,150,000
Deferred income taxes – current 252,538 232,481
Other current assets 189,740 136,269
Total Current Assets 31,660,216 15,815,564
Property, plant and equipment, net 7,439,704 7,554,317
Deferred income taxes – non-current 686,155 780,288
Other assets 124,243 157,661
Intangible assets, net 54,144 58,310
Total Assets 39,964,462 24,366,140
Current Liabilities:    
Current maturities of long-term debt 276,071 372,387
Billings in excess of costs and estimated earnings on uncompleted contracts 5,964,914 2,323,691
Accounts payable and accrued expenses 3,045,108 1,788,930
Accrued professional fees – related party 35,000 125,000
Deferred revenue 256,510 100,373
Total Current Liabilities 9,577,603 4,710,381
Long-term debt, net of current portion 3,121,164 3,396,446
Total Liabilities 12,698,767 8,106,827
Commitments and Contingencies    
Stockholders’ Equity    
Common stock - $0.01 par value – 10,000,000 shares authorized; issued and outstanding, 5,829,225 at June 30, 2011 and 4,819,325 at December 31, 2010 58,292 48,193
Additional paid-in-capital 19,859,945 10,329,526
Retained earnings 7,347,458 5,881,594
Total Stockholders’ Equity 27,265,695 16,259,313
Total Liabilities and Stockholders’ Equity $ 39,964,462 $ 24,366,140