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Consolidated Balance Sheets (USD $)
Dec. 31, 2011
Dec. 31, 2010
Current Assets    
Cash and cash equivalents $ 18,136,527 $ 6,249,090
Accounts receivable, net 3,663,579 2,909,173
Costs and estimated earnings in excess of billings on uncompleted contracts 3,410,824 1,658,689
Inventories, net 2,232,073 3,479,862
Idle inventories 975,000 1,150,000
Deferred income taxes – current 189,510 232,481
Other current assets 150,803 136,269
Total Current Assets 28,758,316 15,815,564
Property, plant and equipment, net 7,948,957 7,554,317
Deferred income taxes – non-current 390,080 780,288
Restricted Cash 1,000,000 0
Other assets 401,658 157,661
Intangible assets, net 49,967 58,310
Total Assets 38,548,978 24,366,140
Current Liabilities    
Current maturities of long-term debt 623,953 372,387
Billings in excess of costs and estimated earnings on uncompleted contracts 1,687,210 2,323,691
Accounts payable 782,053 640,829
Accrued expenses 1,592,281 1,148,101
Accrued professional fees – related party 35,000 125,000
Deferred revenue 1,089,966 100,373
Total Current Liabilities 5,810,463 4,710,381
Long-term debt, net of current portion 2,547,842 3,396,446
Total Liabilities 8,358,305 8,106,827
Commitments and Contingencies (Note 17)      
Stockholders’ Equity:    
Common stock - $0.01 par value – 10,000,000 shares authorized: issued & outstanding, 5,958,785 shares at December 31, 2011 and 4,819,325 shares at December 31, 2010 59,589 48,193
Additional paid-in capital 20,470,367 10,329,526
Retained earnings 9,660,717 5,881,594
Total Stockholders’ Equity 30,190,673 16,259,313
Total Liabilities and Stockholders’ Equity $ 38,548,978 $ 24,366,140