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Consolidated Statements of Cash Flows - USD ($)
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash flows from operating activities    
Net income $ 2,598,743 $ 4,557,167
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 5,319,562 3,889,742
Amortization of debt issuance costs 14,698 27,578
Right of use asset amortization 1,874,117 0
Deferred income taxes 1,138,701 252,716
Gain on sale of property and equipment (32,067) (65,217)
Other losses 1,724 1,656
Changes in operating assets and liabilities    
Accounts receivable and accrued billings (243,815) (2,851,504)
Costs and estimated earnings in excess of billings on uncompleted contracts (3,240,062) (4,337,328)
Residential properties under construction 7,671,759 (2,406,320)
Real estate inventory (1,026,968) (983,700)
Income taxes receivable (234,111) 619,552
Prepaid expenses and other assets (65,920) 1,532,110
Land and land development costs 62,158 (670,034)
Income taxes payable 0 276,201
Accounts payable and accrued liabilities (427,817) 1,942,156
Operating lease liabilities (1,923,843) 0
Billings in excess of costs and estimated earnings on uncompleted contracts 71,495 74,540
Accrued remediation costs (15,541) (19,389)
Net cash provided by operating activities 11,542,813 1,839,926
Cash flows from investing activities    
Proceeds from disposal of property and equipment 253,789 147,200
Purchases of property, buildings and equipment (14,335,772) (7,577,091)
Net cash used in investing activities (14,081,983) (7,429,891)
Cash flows from financing activities    
Purchases of treasury stock (161,285) 0
Proceeds from notes payable 15,500,000 2,816,961
Repayments on notes payable (8,588,000) (5,810,000)
Other long-term debt repayments (56,097) (52,917)
Debt issuance costs (57,883) (23,313)
Net cash provided by (used in) financing activities 6,636,735 (3,069,269)
Net increase (decrease) in cash, cash equivalents and restricted cash 4,097,565 (8,659,234)
Cash, cash equivalents and restricted cash at beginning of the period 11,402,353 18,631,784
Cash, cash equivalents and restricted cash at end of the period 15,499,918 9,972,550
Supplemental disclosure of cash flow information    
Interest paid, net of amounts capitalized 735,292 367,870
Income taxes paid, net 405,000 767,182
Supplemental disclosure of non-cash investing    
Liability for equipment acquired 224,166 203,149
Equipment funded by other long-term debt 241,502 352,083
Right-of-use asset obtained in exchange for operating lease obligations $ 3,490,319 $ 0