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Statements of Income (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Contract revenues $ 1,804,800 $ 1,017,121 $ 4,730,886 $ 4,890,889
Cost of sales 690,901 317,015 1,782,597 1,887,708
Gross margin 1,113,899 700,106 2,948,289 3,003,181
Expenses:        
Engineering 577,722 691,337 1,719,499 2,049,425
General and administrative 355,844 349,230 1,145,449 1,182,537
Total expenses 933,566 1,040,567 2,864,948 3,231,962
Income (loss) from operations 180,333 (340,461) 83,341 (228,781)
Other income:        
Interest (expense) income, net (1,514) 898 (117) 3,569
Income (loss) before income taxes 178,819 (339,563) 83,224 (225,212)
Income tax (expense) benefit (56,265) 130,031 (22,925) 92,764
Net income (loss) available to common shareholders $ 122,554 $ (209,532) $ 60,299 $ (132,448)
Income (loss) per common share - basic (in dollars per share) $ (0.01)
Basic weighted average number of shares outstanding (in shares) 35,588,775 35,588,775 35,588,775 35,578,519
Income (loss) per common share - diluted (in dollars per share) $ (0.01)
Diluted weighted average number of shares outstanding (in shares) 35,588,775 35,588,775 35,588,775 35,578,519