QUARTERLY FINANCIAL INFORMATION

12 Months Ended

Dec. 31, 2023

Quarterly Financial Information Disclosure [Abstract]

QUARTERLY FINANCIAL INFORMATION

QUARTERLY FINANCIAL INFORMATION (UNAUDITED)

Effect of Restatement on Previously Issued Quarterly Financial Information

The Company is presenting herein restated unaudited condensed consolidated financial information for each of the previously reported quarters during the fiscal years ended December 31, 2023, and 2022 and for the year-to-date periods then ended. See Note 1A “Restatement of Previously Issued Consolidated Financial Statements,” for additional information on the restatement.

The following tables present the effect of the restatement on the Company's previously reported unaudited condensed Consolidated Balance Sheets as of March 31, 2023, June 30, 2023 and September 30, 2023 and unaudited condensed Consolidated Statements of Operations and Comprehensive Loss and condensed Consolidated Statements of Cash Flows for the three months ended March 31, 2023, the three and six months ended June 30, 2023 and the three and nine months ended September 30, 2023. The values as previously reported were derived from the previously filed Quarterly Reports on Form 10-Q for the quarters ended March 31, 2023, June 30, 2023, and September 30, 2023. The definitions of the amounts for each column are the same definitions stated in Note 1A.

	As of March 31, 2023						As of June 30, 2023						As of September 30, 2023
	As Reported		Restatement Adjustments		As Restated		As Reported		Restatement Adjustments		As Restated		As Reported		Restatement Adjustments		As Restated
Current assets:
Cash	$	7,327,485	$	(261,282)	$	7,066,203	$	8,559,181	$	(267,127)	$	8,292,054	$	4,770,430	$	(273,233)	$	4,497,197
Accounts receivable, net	22,069,269		(247,727)		21,821,542		15,475,146		(140,159)		15,334,987		18,341,489		(139,990)		18,201,499
Contract receivables	2,817,407		—		2,817,407		6,948,417		(271,105)		6,677,312		8,378,657		(1,562,217)		6,816,440
Prepaid expenses and other assets	4,685,529		(826,696)		3,858,833		3,540,554		(1,030,933)		2,509,621		3,268,279		(1,137,504)		2,130,775
Total current assets	36,899,690		(1,335,705)		35,563,985		34,523,298		(1,709,324)		32,813,974		34,758,855		(3,112,944)		31,645,911
Non-current assets:
Property and equipment, net	1,366,761		—		1,366,761		1,332,908		—		1,332,908		1,456,009		—		1,456,009
Operating lease right of use assets, net	2,542,644		—		2,542,644		2,396,668		—		2,396,668		2,217,738		—		2,217,738
Investments	2,572,103		—		2,572,103		2,584,964		—		2,584,964		—		—		—
Goodwill	15,572,050		(552,379)		15,019,671		15,572,050		(552,379)		15,019,671		15,572,050		(552,379)		15,019,671
Intangible assets, net	5,140,667		—		5,140,667		4,876,503		—		4,876,503		4,634,672		—		4,634,672
Total non-current assets	27,194,225		(552,379)		26,641,846		26,763,093		(552,379)		26,210,714		23,880,469		(552,379)		23,328,090
Total assets	$	64,093,915	$	(1,888,084)	$	62,205,831	$	61,286,391	$	(2,261,703)	$	59,024,688	$	58,639,324	$	(3,665,323)	$	54,974,001
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable	$	14,865,846	$	(40,836)	$	14,825,010	$	18,552,579	$	(55,708)	$	18,496,871	$	22,194,304	$	(1,144,208)	$	21,050,096
Accrued expenses	5,215,255		1,884,456		7,099,711		5,183,451		1,606,895		6,790,346		4,074,098		1,641,446		5,715,544
Contract liabilities	2,413,423		752,769		3,166,192		3,344,832		938,193		4,283,025		1,981,728		994,473		2,976,201
Customer deposits	2,355,609		—		2,355,609		1,940,394		—		1,940,394		969,888		—		969,888
Contingent consideration	2,537,291		—		2,537,291		238,621		—		238,621		161,947		—		161,947
Notes payable	2,908,213		—		2,908,213		1,941,188		—		1,941,188		1,964,775		—		1,964,775
Operating lease liabilities	606,648		—		606,648		617,815		—		617,815		598,447		—		598,447
Total current liabilities	30,902,285		2,596,389		33,498,674		31,818,880		2,489,380		34,308,260		31,945,187		1,491,711		33,436,898
Non-current liabilities:
Operating lease liabilities, net of current portion	1,964,804		—		1,964,804		1,822,754		—		1,822,754		1,666,138		—		1,666,138
Deferred tax liability	968,151		(968,151)		—		914,185		(914,185)		—		865,802		(865,802)		—
Total non-current liabilities	2,932,955		(968,151)		1,964,804		2,736,939		(914,185)		1,822,754		2,531,940		(865,802)		1,666,138

Total liabilities	$	33,835,240	$	1,628,238	$	35,463,478	$	34,555,819	$	1,575,195	$	36,131,014	$	34,477,127	$	625,909	$	35,103,036
Commitments and contingencies (note 10)
Stockholders’ equity
Preferred stock	—		—		—		—		—		—		—		—		—
Common stock	12,388		64		12,452		13,056		—		13,056		13,120		—		13,120
Additional paid-in capital	85,554,375		(693,010)		84,861,365		87,468,937		(692,946)		86,775,991		88,268,286		(692,946)		87,575,340
Treasury shares	(12,045,542)		—		(12,045,542)		(12,045,542)		—		(12,045,542)		(12,045,542)		—		(12,045,542)
Accumulated deficit	(43,262,546)		(2,823,376)		(46,085,922)		(48,705,879)		(3,143,952)		(51,849,831)		(52,073,667)		(3,598,286)		(55,671,953)
Total stockholders’ equity	30,258,675		(3,516,322)		26,742,353		26,730,572		(3,836,898)		22,893,674		24,162,197		(4,291,232)		19,870,965
Total liabilities and stockholders’ equity	$	64,093,915	$	(1,888,084)	$	62,205,831	$	61,286,391	$	(2,261,703)	$	59,024,688	$	58,639,324	$	(3,665,323)	$	54,974,001

	Three months ended March 31, 2023						Three months ended June 30, 2023						Three months ended September 30, 2023
	As Reported		Restatement Adjustments		As Restated		As Reported		Restatement Adjustments		As Restated		As Reported		Restatement Adjustments		As Restated
Revenues:
Equipment systems	$	2,911,823	$	(6,788)	$	2,905,035	$	4,619,888	$	68,646	$	4,688,534	$	3,043,656	$	(7,898)	$	3,035,758
Services	3,470,653		—		3,470,653		3,034,574		(4,000)		3,030,574		2,898,741		—		2,898,741
Construction design-build	10,205,952		(10,614)		10,195,338		11,048,997		(456,528)		10,592,469		14,813,486		(1,347,393)		13,466,093
Other	176,957		6,788		183,745		134,086		5,813		139,899		178,439		7,898		186,337
Total revenues	16,765,385		(10,614)		16,754,771		18,837,545		(386,069)		18,451,476		20,934,322		(1,347,393)		19,586,929
Cost of revenues:
Equipment systems	2,477,505		(69,024)		2,408,481		4,044,082		95,212		4,139,294		2,766,117		8,030		2,774,147
Services	1,997,423		(22,885)		1,974,538		1,949,959		—		1,949,959		1,768,166		—		1,768,166
Construction design-build	9,315,993		(86,020)		9,229,973		9,876,622		(121,382)		9,755,240		13,413,066		(929,094)		12,483,972
Other	132,616		526		133,142		92,248		2,557		94,805		130,257		7,102		137,359
Total cost of revenues	13,923,537		(177,403)		13,746,134		15,962,911		(23,613)		15,939,298		18,077,606		(913,962)		17,163,644
Gross profit	2,841,848		166,789		3,008,637		2,874,634		(362,456)		2,512,178		2,856,716		(433,431)		2,423,285
Operating expenses:
General and administrative	7,484,450		200,580		7,685,030		6,336,894		(101,688)		6,235,206		5,592,354		(33,587)		5,558,767
Depreciation and amortization	404,069		—		404,069		424,163		—		424,163		372,969		—		372,969
Business development	—		—		—				—		—		—		—		—
Total operating expenses	7,888,519		200,580		8,089,099		6,761,057		(101,688)		6,659,369		5,965,323		(33,587)		5,931,736
Loss from operations	(5,046,671)		(33,791)		(5,080,462)		(3,886,423)		(260,768)		(4,147,191)		(3,108,607)		(399,844)		(3,508,451)
Non-operating income (expense):
Interest expense	(73,216)		—		(73,216)		(44,989)		—		(44,989)		(39,929)		—		(39,929)
Interest income	73,131		—		73,131		75,060		—		75,060		19,461		—		19,461
Write-down of investment	—		—		—				—		—		(258,492)		—		(258,492)
Contingent consideration	(160,232)		—		(160,232)		—		—		—				—		—
Loss on settlement	—		—		—		(1,500,000)		—		(1,500,000)		—		—		—
Other income (expense)	(2,793)		(7,629)		(10,422)		(140,946)		(5,843)		(146,789)		(28,605)		(6,106)		(34,711)
Total non-operating income (expense)	(163,110)		(7,629)		(170,739)		(1,610,875)		(5,843)		(1,616,718)		(307,565)		(6,106)		(313,671)
Loss before income taxes	(5,209,781)		(41,420)		(5,251,201)		(5,497,298)		(266,611)		(5,763,909)		(3,416,172)		(405,950)		(3,822,122)
Income tax benefit	65,132		(65,132)		—		53,965		(53,965)		—		48,384		(48,384)		—
Net loss	$	(5,144,649)	$	(106,552)	$	(5,251,201)	$	(5,443,333)	$	(320,576)	$	(5,763,909)	$	(3,367,788)	$	(454,334)	$	(3,822,122)
Comprehensive loss	$	(5,144,649)	$	(106,552)	$	(5,251,201)	$	(5,443,333)	$	(320,576)	$	(5,763,909)	$	(3,367,788)	$	(454,334)	$	(3,822,122)
Loss per share - basic and diluted	$	(0.48)	$	(0.01)	$	(0.49)	$	(0.50)	$	(0.03)	$	(0.53)	$	(0.29)	$	(0.04)	$	(0.33)
Weighted average shares - basic and diluted	10,772,705		10,772,705		10,772,705		10,945,978		10,945,978		10,945,978		11,649,790		11,649,790		11,649,790

	Six months ended June 30, 2023						Nine months ended September 30, 2023
	As Reported		Restatement Adjustments		As Restated		As Reported		Restatement Adjustments		As Restated
Revenues:
Equipment systems	$	7,531,711	$	61,858	$	7,593,569	$	10,575,367	$	53,960	$	10,629,327
Services	6,505,227		(4,000)		6,501,227		9,403,968		(4,000)		9,399,968
Construction design-build	21,254,949		(467,142)		20,787,807		36,068,435		(1,814,535)		34,253,900
Other	311,043		12,601		323,644		489,482		20,499		509,981
Total revenues	35,602,930		(396,683)		35,206,247		56,537,252		(1,744,076)		54,793,176
Cost of revenues:
Equipment systems	6,521,587		26,188		6,547,775		9,287,704		34,218		9,321,922
Services	3,947,382		(22,885)		3,924,497		5,715,548		(22,885)		5,692,663
Construction design-build	19,192,615		(207,402)		18,985,213		32,605,681		(1,136,496)		31,469,185
Other	224,864		3,083		227,947		355,121		10,185		365,306
Total cost of revenues	29,886,448		(201,016)		29,685,432		47,964,054		(1,114,978)		46,849,076
Gross profit	5,716,482		(195,667)		5,520,815		8,573,198		(629,098)		7,944,100
Operating expenses:
General and administrative	13,821,344		98,892		13,920,236		19,413,698		65,305		19,479,003
Depreciation and Amortization	828,232		—		828,232		1,201,201		—		1,201,201
Business development	—		—		—		—		—		—
Total operating expenses	14,649,576		98,892		14,748,468		20,614,899		65,305		20,680,204
Loss from operations	(8,933,094)		(294,559)		(9,227,653)		(12,041,701)		(694,403)		(12,736,104)
Non-operating income (expense):
Interest expense	(118,205)		—		(118,205)		(158,134)		—		(158,134)
Interest income	148,191		—		148,191		167,652		—		167,652
Write-down of investment	—		—		—		(258,492)		—		(258,492)
Contingent consideration	(160,232)		—		(160,232)		(160,232)		—		(160,232)
Loss on settlement	(1,500,000)		—		(1,500,000)		(1,500,000)		—		(1,500,000)
Other income (expense)	(143,739)		(13,472)		(157,211)		(172,344)		(19,578)		(191,922)
Total non-operating income (expense)	(1,773,985)		(13,472)		(1,787,457)		(2,081,550)		(19,578)		(2,101,128)
Loss before income taxes	(10,707,079)		(308,031)		(11,015,110)		(14,123,251)		(713,981)		(14,837,232)
Income tax benefit	119,097		(119,097)		—		167,481		(167,481)		—
Net loss	$	(10,587,982)	$	(427,128)	$	(11,015,110)	$	(13,955,770)	$	(881,462)	$	(14,837,232)
Comprehensive loss	$	(10,587,982)	$	(427,128)	$	(11,015,110)	$	(13,955,770)	$	(881,462)	$	(14,837,232)
Loss per share - basic and diluted	$	(0.97)	$	(0.04)	$	(1.01)	$	(1.29)	$	(0.08)	$	(1.37)
Weighted average shares - basic and diluted	10,859,820		10,859,820		10,859,820		10,859,820		10,859,820		10,859,820

	Common Stock			Additional Paid in Capital		Accumulated Deficit		Treasury Stock		Total Shareholders’ Equity
	Shares	Amount
Balance, March 31, 2023, as originally stated	12,388,389	$	12,388	$	85,554,375	$	(43,262,546)	$	(12,045,542)	$	30,258,675
Adjustments to goodwill due to using incorrect share price at acquisition date for equity portion of acquisition price				(692,946)						(692,946)
Issuance of contingent consideration shares originally incorrectly recorded in Q2 2023	64,224	64		(64)						—
Various income statement adjustments on or prior to March 31, 2023						(2,823,376)				(2,823,376)
Balance, March 31, 2023, as restated	12,452,613	$	12,452	$	84,861,365	$	(46,085,922)	$	(12,045,542)	$	26,742,353
	Common Stock			Additional Paid in Capital		Accumulated Deficit		Treasury Stock		Total Shareholders’ Equity
	Shares	Amount
Balance, June 30, 2023, as originally stated	13,056,409	$	13,056	$	87,468,937	$	(48,705,879)	$	(12,045,542)	$	26,730,572
Adjustments to goodwill due to using incorrect share price at acquisition date for equity portion of acquisition price				(692,946)						(692,946)
Various income statement adjustments on or prior to June 30, 2023						(3,143,952)				(3,143,952)
Balance, June 30, 2023, as restated	13,056,409	$	13,056	$	86,775,991	$	(51,849,831)	$	(12,045,542)	$	22,893,674
	Common Stock			Additional Paid in Capital		Accumulated Deficit		Treasury Stock		Total Shareholders’ Equity
	Shares	Amount
Balance, September 30, 2023, as originally stated	13,120,413	$	13,120	$	88,268,286	$	(52,073,667)	$	(12,045,542)	$	24,162,197
Adjustments to goodwill due to using incorrect share price at acquisition date for equity portion of acquisition price				(692,946)						(692,946)
Various income statement adjustments on or prior to September 30, 2023						(3,598,286)				(3,598,286)
Balance, September 30, 2023, as restated	13,120,413	$	13,120	$	87,575,340	$	(55,671,953)	$	(12,045,542)	$	19,870,965

	Three months ended March 31, 2023						Six months ended June 30, 2023						Nine months ended September 30, 2023
	As Reported		Restatement Adjustments		As Restated		As Reported		Restatement Adjustments		As Restated		As Reported		Restatement Adjustments		As Restated
Cash flows from operating activities:
Net loss	$	(5,144,649)	$	(106,552)	$	(5,251,201)	$	(10,587,982)	$	(427,128)	$	(11,015,110)	$	(13,955,770)	$	(881,462)	$	(14,837,232)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	404,069		—		404,069		828,232		—		828,232		1,201,201		—		1,201,201
Amortization of right-of-use assets	—		87,426		87,426		—		168,250		168,250		—		323,002		323,002
Stock-based compensation expense	479,641		—		479,641		1,102,188		—		1,102,188		1,824,835		160,848		1,985,683
Impairment of investment	—		—		—		—		—		—		258,492		—		258,492
Loss on settlement	—		—		—		1,500,000		—		1,500,000		—		1,500,000		1,500,000
Change in fair value of contingent consideration	160,232		—		160,232		160,232		—		160,232		160,232		—		160,232
Interest income on investments	327,191		(339,983)		(12,792)		472,277		(497,931)		(25,654)		561,518		(586,404)		(24,886)

Changes in operating assets and liabilities (net of acquired amounts):
Accounts receivable and contract receivables	(6,827,927)		325,823		(6,502,104)		(4,424,814)		549,363		(3,875,451)		(8,782,141)		1,901,050		(6,881,091)
Prepaid expenses and other assets and property and equipment	(334,525)		(76,656)		(411,181)		1,030,205		(92,170)		938,035		1,498,518		(182,408)		1,316,110
Accounts payable, contract liabilities, customer deposits, and accrued expenses	6,902,726		848,871		7,751,597		10,659,177		(343,472)		10,315,705		12,325,944		(2,290,639)		10,035,305
Change in contingent consideration from indemnification	(174,592)		174,592		—		(917,699)		(318,597)		(1,236,296)		(917,699)		—		(917,699)
Operating lease liability	—		(57,635)		(57,635)		(360,787)		210,521		(150,266)		(529,746)		231,341		(298,405)
Deferred tax liability	(65,132)		65,132		—		(119,097)		119,097		—		(167,481)		167,481		—
Customer deposits	—		—		—		—		—		—		—		—		—
Net cash used in operating activities	(4,272,966)		921,018		(3,351,948)		(658,068)		(632,067)		(1,290,135)		(6,522,097)		342,809		(6,179,288)
Cash flows from investing activities:
Proceeds from sale of investment	—		—		—		—		—		—		2,326,472		(4)		2,326,468
Purchases of property and equipment	(133,833)		(4,177)		(138,010)		(226,700)		799		(225,901)		(456,484)		35,502		(420,982)
Net cash provided by (used in) investing activities	(133,833)		(4,177)		(138,010)		(226,700)		799		(225,901)		1,869,988		35,498		1,905,486
Cash flows from financing activities:
Additions to notes payable	—		—		—		—		—		—		518,400		(518,400)		—
Repayment of finance lease liability	(43,410)		—		(43,410)		(88,299)		33,536		(54,763)		(133,388)		15,802		(117,586)
Payments to settle contingent consideration	(230,309)		—		(230,309)		(479,457)		479,457		—		(479,365)		(92)		(479,457)
Repayment of notes payable	—		(924,469)		(924,469)		(1,996,298)		104,802		(1,891,496)		(2,491,111)		104,804		(2,386,307)
Net cash used in financing activities	(273,719)		(924,469)		(1,198,188)		(2,564,054)		617,795		(1,946,259)		(2,585,464)		(397,886)		(2,983,350)
Net change in cash	(4,680,518)		(7,628)		(4,688,146)		(3,448,822)		(13,473)		(3,462,295)		(7,237,573)		(19,579)		(7,257,152)
Cash at beginning of period	12,008,003		(253,654)		11,754,349		12,008,003		(253,654)		11,754,349		12,008,003		(253,654)		11,754,349
Cash at end of period	$	7,327,485	$	(261,282)	$	7,066,203	$	8,559,181	$	(267,127)	$	8,292,054	$	4,770,430	$	(273,233)	$	4,497,197
Non Cash Investing and Financing Activities
Stock issued for contingent consideration	—		191,854		191,854		—		191,854		191,854		—		1,400,511		1,400,511

Operating lease right-of-use asset and liability measurement	—	—	—	—	—	—	—	11,315	11,315
Prepaid assets financed by notes payable	—	—	—	—	—	—	—	518,400	518,400
Financing lease right-of-use asset and liability measurement	—	26,899	26,899	—	—	—	—	23,664	23,664

The following tables present the effect of the restatement on the Company's previously reported unaudited condensed Consolidated Balance Sheets as of March 31, 2022, June 30, 2022 and September 30, 2022 and unaudited condensed Consolidated Statements of Comprehensive Income and condensed Consolidated Statements of Cash Flows for the three months ended March 31, 2022, the three and six months ended June 30, 2022 and the three and nine months ended September 30, 2022. The values as previously reported were derived from the previously filed Quarterly Reports on Form 10-Q for the quarters ended March 31, 2022, June 30, 2022, and September 30, 2022. The definitions of the amounts for each column are the same definitions stated in Note 1A.

	As of March 31, 2022						As of June 30, 2022						As of September 30, 2022
	As Reported		Restatement Adjustments		As Restated		As Reported		Restatement Adjustments		As Restated		As Reported		Restatement Adjustments		As Restated
Current assets:
Cash	$	27,052,203	$	(235,481)	$	26,816,722	$	22,767,595	$	(237,012)	$	22,530,583	$	18,605,182	$	(246,012)	$	18,359,170
Accounts receivable, net	13,467,120		—		13,467,120		14,903,543		—		14,903,543		12,234,400		—		12,234,400
Contract receivables	—		—		—		543,687		—		543,687		1,270,902		—		1,270,902
Inventories	354,320		—		354,320		398,098		—		398,098		310,996		—		310,996
Prepaid expenses and other assets	10,081,436		(362,695)		9,718,741		6,142,613		(363,807)		5,778,806		4,852,262		(570,515)		4,281,747
Total current assets	50,955,079		(598,176)		50,356,903		44,755,536		(600,819)		44,154,717		37,273,742		(816,527)		36,457,215
Non-current assets:
Property and equipment, net	207,638		—		207,638		864,022		—		864,022		830,406		—		830,406
Operating lease right of use assets, net	693,524		—		693,524		708,876		—		708,876		1,193,161		—		1,193,161
Investments	4,210,358		(1,710,358)		2,500,000		4,210,358		(1,710,358)		2,500,000		2,546,574		—		2,546,574
Goodwill	7,992,121		(254,100)		7,738,021		10,636,284		797,894		11,434,178		12,127,124		(692,946)		11,434,178
Intangible assets, net	1,412,965		—		1,412,965		4,886,740		—		4,886,740		4,461,403		—		4,461,403
Total non-current assets	14,516,606		(1,964,458)		12,552,148		21,306,280		(912,464)		20,393,816		21,158,668		(692,946)		20,465,722
Total assets	$	65,471,685	$	(2,562,634)	$	62,909,051	$	66,061,816	$	(1,513,283)	$	64,548,533	$	58,432,410	$	(1,509,473)	$	56,922,937
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable	$	7,930,985	$	21,010	$	7,951,995	$	7,946,023	$	20,136	$	7,966,159	$	6,508,946	$	20,176	$	6,529,122
Accrued expenses	3,106,790		1,146,799		4,253,589		3,381,263		1,152,458		4,533,721		5,747,624		1,573,762		7,321,386
Contract liabilities			—		—		671,685		—		671,685		2,026,161		—		2,026,161
Customer deposits	7,234,914		—		7,234,914		3,286,073		—		3,286,073		1,929,829		—		1,929,829
Contingent consideration	1,563,000		—		1,563,000		2,612,678		—		2,612,678		2,400,771		—		2,400,771
Notes Payable	—		—		—		—		—		—		—		—		—
Operating lease liabilities	219,836		—		219,836		283,727		—		283,727		354,403		—		354,403
Total current liabilities	20,055,525		1,167,809		21,223,334		18,181,449		1,172,594		19,354,043		18,967,734		1,593,938		20,561,672
Non-current liabilities:

Operating lease liabilities, net of current portion	474,862		—		474,862		427,826		—		427,826		1,097,208		(440,625)		656,583
Deferred tax liability	332,565		(332,565)		—		1,201,112		(1,201,112)		—		863,325		(863,325)		—
Total non-current liabilities	807,427		(332,565)		474,862		1,628,938		(1,201,112)		427,826		1,960,533		(1,303,950)		656,583
Total liabilities	$	20,862,952	$	835,244	$	21,698,196	$	19,810,387	$	(28,518)	$	19,781,869	$	20,928,267	$	289,988	$	21,218,255
Commitments and contingencies (note 10)
Stockholders’ equity
Preferred stock	—		—		—				—		—		—		—		—
Common stock	11,628		—		11,628		11,911		—		11,911		11,949		—		11,949
Additional paid-in capital	79,589,977		(254,100)		79,335,877		82,971,694		797,894		83,769,588		83,068,423		(692,946)		82,375,477
Treasury shares	(11,456,667)		—		(11,456,667)		(11,456,667)		—		(11,456,667)		(11,639,937)		—		(11,639,937)
Accumulated deficit	(23,536,205)		(3,143,778)		(26,679,983)		(25,275,509)		(2,282,659)		(27,558,168)		(33,936,292)		(1,106,515)		(35,042,807)
Total stockholders’ equity	44,608,733		(3,397,878)		41,210,855		46,251,429		(1,484,765)		44,766,664		37,504,143		(1,799,461)		35,704,682
Total liabilities and stockholders’ equity	$	65,471,685	$	(2,562,634)	$	62,909,051	$	66,061,816	$	(1,513,283)	$	64,548,533	$	58,432,410	$	(1,509,473)	$	56,922,937

	Three months ended March 31, 2022						Three months ended June 30, 2022						Three months ended September 30, 2022
	As Reported		Restatement Adjustments		As Restated		As Reported		Restatement Adjustments		As Restated		As Reported		Restatement Adjustments		As Restated
Revenues:
Equipment systems	$	17,067,344	$	—	$	17,067,344	$	10,077,572	$	1,315	$	10,078,887	$	3,879,271	$	1,161	$	3,880,432
Services	3,638,507		—		3,638,507		3,027,555		—		3,027,555		2,839,334		—		2,839,334
Construction design-build	—		—		—		2,917,321		—		2,917,321		5,384,267		—		5,384,267
Other	347,018		—		347,018		259,054		(1,315)		257,739		265,416		(1,161)		264,255
Total revenues	21,052,869		—		21,052,869		16,281,502		—		16,281,502		12,368,288		—		12,368,288
Cost of revenues:
Equipment systems	13,974,779		612,496		14,587,275		8,945,763		(266,618)		8,679,145		3,212,286		104,684		3,316,970
Services	1,929,248		(327,819)		1,601,429		951,672		319,993		1,271,665		1,796,967		7,958		1,804,925
Construction design-build	—		—		—		2,692,700		—		2,692,700		4,570,506		—		4,570,506
Other	246,822		—		246,822		189,421		—		189,421		195,938		—		195,938
Total cost of revenues	16,150,849		284,677		16,435,526		12,779,556		53,375		12,832,931		9,775,697		112,642		9,888,339
Gross profit	4,902,020		(284,677)		4,617,343		3,501,946		(53,375)		3,448,571		2,592,591		(112,642)		2,479,949
Operating expenses:
General and administrative	5,551,523		(15,315)		5,536,208		5,057,324		(50,884)		5,006,440		5,666,904		306,674		5,973,578
Depreciation and amortization	218,278		—		218,278		371,557		—		371,557		526,750		—		526,750
Business development	—		—		—		—		—		—		3,299,864		—		3,299,864
Total operating expenses	5,769,801		(15,315)		5,754,486		5,428,881		(50,884)		5,377,997		9,493,518		306,674		9,800,192
Loss from operations	(867,781)		(269,362)		(1,137,143)		(1,926,935)		(2,491)		(1,929,426)		(6,900,927)		(419,316)		(7,320,243)
Non-operating income (expense):
Interest expense	(7,658)		—		(7,658)		(7,659)		130		(7,529)		(6,953)		(130)		(7,083)
Interest income	79,852		—		79,852		47,274		—		47,274		94,203		—		94,203
Write-down of investment	—		—		—		—		—		—		(1,710,358)		1,710,358		—
Contingent consideration	—		—		—		—		—		—		—		—		—
Loss on settlement	—		—		—		—		—		—		—		—		—
Other income (expense)	(8,690)		(26,299)		(34,989)		71,564		(5,067)		66,497		(210,402)		(11,144)		(221,546)
Total non-operating income (expense)	63,504		(26,299)		37,205		111,179		(4,937)		106,242		(1,833,510)		1,699,084		(134,426)
Loss before income taxes	(804,277)		(295,661)		(1,099,938)		(1,815,756)		(7,428)		(1,823,184)		(8,734,437)		1,279,768		(7,454,669)
Income tax benefit	108,060		(108,060)		—		76,452		868,547		944,999		73,654		(103,624)		(29,970)
Net loss	(696,217)		(403,721)		(1,099,938)		(1,739,304)		861,119		(878,185)		(8,660,783)		1,176,144		(7,484,639)
Comprehensive loss	$	(696,217)	$	(403,721)	$	(1,099,938)	$	(1,739,304)	$	861,119	$	(878,185)	$	(8,660,783)	$	1,176,144	$	(7,484,639)
Loss per share - basic and diluted	$	(0.07)	$	(0.04)	$	(0.10)	$	(0.17)	$	0.08	$	(0.08)	$	(0.81)	$	0.11	$	(0.70)
Weighted average shares - basic and diluted	10,508,972		10,508,972		10,508,972		10,508,972		10,508,972		10,508,972		10,674,796		10,674,796		10,674,796

	Six months ended June 30, 2022						Nine months ended September 30, 2022
	As Reported		Restatement Adjustments		As Restated		As Reported		Restatement Adjustments		As Restated
Revenues:
Equipment systems	$	27,144,916	$	1,315	$	27,146,231	$	31,024,187	$	2,476	$	31,026,663
Services	6,666,062		—		6,666,062		9,505,396		—		9,505,396
Construction design-build	2,917,321		—		2,917,321		8,301,588		—		8,301,588
Other	606,072		(1,315)		604,757		871,488		(2,476)		869,012
Total revenues	37,334,371		—		37,334,371		49,702,659		—		49,702,659
Cost of revenues:
Equipment systems	22,920,542		345,878		23,266,420		26,132,828		450,562		26,583,390
Services	2,880,920		(7,826)		2,873,094		4,677,887		132		4,678,019
Construction design-build	2,692,700		—		2,692,700		7,263,206		—		7,263,206
Other	436,243		—		436,243		632,181		—		632,181
Total cost of revenues	28,930,405		338,052		29,268,457		38,706,102		450,694		39,156,796
Gross profit	8,403,966		(338,052)		8,065,914		10,996,557		(450,694)		10,545,863
Operating expenses:
General and administrative	10,608,847		(66,199)		10,542,648		16,275,751		240,475		16,516,226
Depreciation and Amortization	589,835		—		589,835		1,116,585		—		1,116,585
Business development	—		—		—		3,299,864		—		3,299,864
Total operating expenses	11,198,682		(66,199)		11,132,483		20,692,200		240,475		20,932,675
Loss from operations	(2,794,716)		(271,853)		(3,066,569)		(9,695,643)		(691,169)		(10,386,812)
Non-operating income (expense):
Interest expense	(15,317)		130		(15,187)		(22,270)		—		(22,270)
Interest income	127,126		—		127,126		221,329		—		221,329
Write-down of investment	—		—		—		(1,710,358)		1,710,358		—
Contingent consideration	—		—		—		—		—		—
Loss on settlement	—		—		—		—		—		—
Other income (expense)	62,874		(31,366)		31,508		(147,528)		(42,510)		(190,038)
Total non-operating income (expense)	174,683		(31,236)		143,447		(1,658,827)		1,667,848		9,021
Loss before income taxes	(2,620,033)		(303,089)		(2,923,122)		(11,354,470)		976,679		(10,377,791)
Income tax benefit	184,512		760,487		944,999		258,166		656,863		915,029
Net loss	$	(2,435,521)	$	457,398	$	(1,978,123)	$	(11,096,304)	$	1,633,542	$	(9,462,762)
Comprehensive loss	$	(2,435,521)	$	457,398	$	(1,978,123)	$	(11,096,304)	$	1,633,542	$	(9,462,762)
Loss per share - basic and diluted	$	(0.23)	$	0.04	$	(0.19)	$	(1.05)	$	0.15	$	(0.89)
Weighted average shares - basic and diluted	10,527,975		10,527,975		10,527,975		10,577,453		10,577,453		10,577,453

	Common Stock			Additional Paid in Capital		Accumulated Deficit		Treasury Stock		Total Shareholders’ Equity
	Shares	Amount
Balance, March 31, 2022, as originally stated	11,627,528	$	11,628	$	79,589,977	$	(23,536,205)	$	(11,456,667)	$	44,608,733
Adjustments to goodwill due to using incorrect share price at acquisition date for equity portion of acquisition price				(254,100)						(254,100)
Various income statement adjustments on or prior to March 31, 2022						(3,143,778)				(3,143,778)
Balance, March 31, 2022, as restated	11,627,528	$	11,628	$	79,335,877	$	(26,679,983)	$	(11,456,667)	$	41,210,855
	Common Stock			Additional Paid in Capital		Accumulated Deficit		Treasury Stock		Total Shareholders’ Equity
	Shares	Amount
Balance, June 30, 2022, as originally stated	11,911,043	$	11,911	$	82,971,694	$	(25,275,509)	$	(11,456,667)	$	46,251,429
Adjustments to goodwill due to using incorrect share price at acquisition date for equity portion of acquisition price				(692,946)						(692,946)
Adjustments to goodwill due to inaccurate goodwill calculation in initial Emerald purchase price accounting				1,490,840
Various income statement adjustments on or prior to June 30, 2022						(2,282,659)				(2,282,659)
Balance, June 30, 2022, as restated	11,911,043	$	11,911	$	83,769,588	$	(27,558,168)	$	(11,456,667)	$	44,766,664
	Common Stock			Additional Paid in Capital		Accumulated Deficit		Treasury Stock		Total Shareholders’ Equity
	Shares	Amount
Balance, September 30, 2022, as originally stated	11,948,718	$	11,949	$	83,068,423	$	(33,936,292)	$	(11,639,937)	$	37,504,143
Adjustments to goodwill due to using incorrect share price at acquisition date for equity portion of acquisition price				(692,946)						(692,946)
Various income statement adjustments on or prior to September 30, 2022						(1,106,515)				(1,106,515)
Balance, September 30, 2022, as restated	11,948,718	$	11,949	$	82,375,477	$	(35,042,807)	$	(11,639,937)	$	35,704,682

	Three months ended March 31, 2022						Six months ended June 30, 2022						Nine months ended September 30, 2022
	As Reported		Restatement Adjustments		As Restated		As Reported		Restatement Adjustments		As Restated		As Reported		Restatement Adjustments		As Restated
Cash flows from operating activities:
Net loss	$	(696,217)	$	(403,721)	$	(1,099,938)	$	(2,435,521)	$	457,398	$	(1,978,123)	$	(11,096,304)	$	1,633,542	$	(9,462,762)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	218,278		—		218,278		589,835		—		589,835		1,116,585		—		1,116,585
Amortization of right-of-use assets	—		(27,405)		(27,405)		—		19,305		19,305		—		177,037		177,037
Stock-based compensation expense	882,000		(32,209)		849,791		1,764,000		438,829		2,202,829		1,860,767		—		1,860,767
Impairment of investment	—		—		—		—		—		—		1,710,358		(1,710,358)		—
Interest income on investments	(56,921)		56,921		—		(54,942)		54,942		—		(42,373)		(4,200)		(46,573)
Fair value adjustments to purchase price allocation	—		—		—		—		1,047,768		1,047,768		—		—		—
Changes in operating assets and liabilities (net of acquired amounts):

Accounts receivable and contract receivables	(354,181)		(1,493,933)		(1,848,114)		663,955		(1,330,912)		(666,957)		2,222,194		(947,223)		1,274,971
Prepaid expenses and other assets and property and equipment	1,439,679		(176,842)		1,262,837		6,275,334		(1,078,252)		5,197,082		7,150,147		(575,370)		6,574,777
Accounts payable, contract liabilities, customer deposits, and accrued expenses	(5,017,936)		1,866,516		(3,151,420)		(11,379,532)		1,812,568		(9,566,964)		(11,512,764)		3,294,646		(8,218,118)
Operating lease liability	(33,913)		69,570		35,657		(163,054)		101,711		(61,343)		(139,251)		(70,505)		(209,756)
Deferred tax liability	(108,060)		108,060		—		(184,512)		(730,238)		(914,750)		(258,166)		(656,864)		(915,030)
Customer deposits	—		—		—		—		—		—		—		—		—
Net cash used in operating activities	(3,727,271)		(33,043)		(3,760,314)		(4,924,437)		793,119		(4,131,318)		(8,988,807)		1,140,705		(7,848,102)
Cash flows from investing activities:
Business combinations, net of cash acquired	—		—		—		(2,709,148)		(1)		(2,709,149)		(2,709,148)		(1)		(2,709,149)
Proceeds from investments	(36,000)		68,210		32,210		—		—		—		—		—		—
Purchases of property and equipment	(32,336)		2		(32,334)		(374,630)		52,322		(322,308)		(252,902)		(95,031)		(347,933)
Net cash provided by (used in) investing activities	(68,336)		68,212		(124)		(3,083,778)		52,321		(3,031,457)		(2,962,050)		(95,032)		(3,057,082)
Cash flows from financing activities:
Proceeds from issuance of common stock	28,797		(1)		28,796		28,797		—		28,797		28,796		1		28,797
Repurchase of common stock	(3,773,177)		—		(3,773,177)		(3,773,177)		—		(3,773,177)		(3,956,447)		—		(3,956,447)
Repayment of finance lease liability	—		(35,418)		(35,418)		(72,000)		(61,360)		(133,360)		(108,500)		(54,458)		(162,958)
Net cash used in financing activities	(3,744,380)		(35,419)		(3,779,799)		(3,816,380)		(847,221)		(4,663,601)		(4,036,151)		(1,056,454)		(5,092,605)
Net change in cash	(7,539,987)		(250)		(7,540,237)		(11,824,595)		(1,781)		(11,826,376)		(15,987,008)		(10,781)		(15,997,789)
Cash at beginning of period	34,592,190		(235,231)		34,356,959		34,592,190		(235,231)		34,356,959		34,592,190		(235,231)		34,356,959
Cash at end of period	$	27,052,203	$	(235,481)	$	26,816,722	$	22,767,595	$	(237,012)	$	22,530,583	$	18,605,182	$	(246,012)	$	18,359,170
Non Cash Investing and Financing Activities
Common stock and debt issued in acquisitions	—		—		—		—		11,662,570		11,662,570		—		11,662,570		11,662,570

Operating lease right-of-use asset and liability measurement	—	—	—	—	59,788	59,788	—	—	—
Financing lease right-of-use asset and liability measurement	—	—	—	—	69,600	69,600	—	69,600	69,600