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Consolidated Balance Sheets (Unaudited) (USD $)
Jun. 30, 2012
Dec. 31, 2011
ASSETS    
Cash and cash equivalents $ 16,597,503 $ 18,136,527
Accounts receivable, net 2,858,793 3,663,579
Costs and estimated earnings in excess of billings on uncompleted contracts 5,329,622 3,410,824
Inventories, net 2,947,262 2,232,073
Idle inventories   975,000
Deferred income taxes – current 192,246 189,510
Other current assets 596,171 150,803
Total Current Assets 28,521,597 28,758,316
Property, plant and equipment, net 13,090,837 7,948,957
Deferred income taxes – non-current 324,912 390,080
Restricted cash 1,000,000 1,000,000
Other assets 261,524 401,658
Intangible assets, net 45,790 49,967
Total Assets 43,244,660 38,548,978
LIABILITIES AND STOCKHOLDERS’ EQUITY    
Current maturities of long-term debt 929,803 623,953
Billings in excess of costs and estimated earnings on uncompleted contracts 319,021 1,687,210
Accounts payable and accrued expenses 2,711,847 2,374,334
Accrued professional fees – related party   35,000
Deferred revenue 12,412 1,089,966
Total Current Liabilities 3,973,083 5,810,463
Long-term debt, net of current portion 7,856,457 2,547,842
Total Liabilities 11,829,540 8,358,305
Commitments and Contingencies      
Stockholders’ Equity    
Common stock - $0.01 par value – 10,000,000 shares authorized; 5,992,495 and 5,958,785 issued and outstanding at June 30, 2012 and December 31, 2011 59,925 59,589
Additional paid-in-capital 20,645,568 20,470,367
Retained earnings 10,709,627 9,660,717
Total Stockholders’ Equity 31,415,120 30,190,673
Total Liabilities and Stockholders’ Equity $ 43,244,660 $ 38,548,978