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Consolidated Balance Sheets - USD ($)
Dec. 31, 2017
Dec. 31, 2016
ASSETS    
Cash and cash equivalents $ 14,210,909 $ 21,677,186
Accounts receivable, net 2,058,617 607,522
Costs and estimated earnings in excess of billings on contracts in progress 8,397,024 2,596,518
Inventories, net 2,965,623 3,286,539
Other current assets 167,425 235,537
Total Current Assets 27,799,598 28,403,302
Property, plant and equipment, net 28,839,457 14,344,924
Construction in progress 94,058
Deferred income taxes 1,609,186 2,440,334
Other assets 67,847 68,450
Intangible assets, net 662,162 253,624
Total Assets 58,978,250 45,604,692
LIABILITIES AND STOCKHOLDERS’ EQUITY    
Accounts payable 1,174,968 743,132
Accrued expenses 2,738,373 1,942,818
Current maturities of long-term debt 647,324 300,000
Current portion acquisition related contingent payments 100,000
Billings in excess of costs and estimated earnings on contracts in progress 466,313 5,262,339
Deferred revenue 291,953 77,633
Total Current Liabilities 5,418,931 8,325,922
Long-term acquisition related contingent payments 200,000
Long-term debt, net of current portion 12,705,683 2,965,508
Total Long-Term Liabilities 12,905,683 2,965,508
Total Liabilities 18,324,614 11,291,430
Commitments and Contingencies (Note 16)
Stockholders’ Equity:    
Common stock - $0.01 par value – 20,000,000 shares authorized; issued and outstanding 6,458,714 at December 31, 2017 and 6,346,590 shares at December 31, 2016 64,587 63,466
Additional paid-in capital 25,209,316 24,131,474
Retained earnings 15,379,733 10,118,322
Total Stockholders’ Equity 40,653,636 34,313,262
Total Liabilities and Stockholders’ Equity $ 58,978,250 $ 45,604,692