XML 45 R31.htm IDEA: XBRL DOCUMENT v3.8.0.1
Income Taxes (Details) - USD ($)
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Current    
Federal $ 3,863,151 $ 6,157,900
State 558,993 1,014,213
Current Total 4,422,144 7,172,113
Deferred    
Federal (3,270,928) 570,770
State (115,219) 66,885
Deferred Total (3,386,147) 637,655
Total 1,035,997 7,809,768
Income tax provision 1,035,997 7,809,768
Discontinued operations (164,235) (66,077)
Total 871,762 7,743,691
Deferred tax assets    
Accrued vacation 113,893 146,215
Acquisition costs capitalized 58,886 98,484
Accrued remediation costs 130,168 80,100
Accrued payables 174,674 122,235
Percentage completed contract method for tax 276,413 0
Accrued workers’ compensation 159,237 127,033
Capitalized bidding costs 121,227 8,846
Inventory adjustments 139,565 133,991
Accrued lease expense 17,902 32,683
Accrued contract losses 50,220 89
Other 4,103 5,214
Total deferred tax assets 1,246,288 754,890
Deferred tax liabilities    
Tax amortization in excess of financial statement amortization (10,850) (12,156)
Tax depreciation in excess of financial statement depreciation (5,934,158) (8,947,058)
Total deferred tax liabilities (5,945,008) (8,959,214)
Total net deferred tax liabilities (4,698,720) (8,204,324)
Non-current deferred tax liability 4,698,720 $ 8,204,324
One-time income tax benefit 2,500,000  
Capital expenditures qualifying for immediate expensing 140,000  
Minimum amount of future taxable income required to realize deferred tax assets $ 5,000,000  
Schedule of differences between effective income tax rate and federal statutory rate    
Federal statutory rate 34.00% 35.00%
State tax rate, net of federal tax 3.10% 3.30%
Nondeductible expenses 3.60% 1.60%
Domestic production activities deduction (4.00%) (3.20%)
Tax Act rate change (26.00%) 0.00%
Other 0.10% 0.60%
Total 10.80% 37.30%
Reconciliation of beginning and ending unrecognized tax benefits    
Balance as of January 1 $ 4,723 $ 4,723
Increase from current year tax positions 0 0
Decrease from settlements with taxing authority 0 0
Balance as of December 31 5,000 4,723
Income tax interest and penalties expensed during period 1,000 1,000
Accrued income tax interest and penalties $ 9,000 $ 8,000