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Consolidated Balance Sheets - USD ($)
Dec. 31, 2019
Dec. 31, 2018
Current assets    
Cash and cash equivalents $ 23,272,156 $ 11,376,373
Accounts receivable and accrued billings 23,930,655 22,236,071
Costs and estimated earnings in excess of billings on uncompleted contracts 9,321,368 12,030,000
Income taxes receivable 1,482,618 1,220,527
Residential properties under construction 2,060,364 8,244,995
Prepaid expenses 924,733 634,069
Other current assets 46,186 1,835,743
Total current assets 61,038,080 57,577,778
Property, buildings and equipment, at cost, net of accumulated depreciation of $51,904,568 in 2019 and $43,060,083 in 2018 55,073,579 48,927,055
Deferred charges and other assets    
Land and land development costs 5,060,581 4,680,080
Cash surrender value of life insurance 543,433 547,009
Restricted cash 0 25,980
Goodwill 101,407 101,407
Intangibles, net of accumulated amortization of $384,801 in 2019 and $324,634 in 2018 628,999 689,166
Operating lease right-of-use assets 6,861,099  
Other assets 60,000  
Total deferred charges and other assets 13,255,519 6,043,642
Total assets 129,367,178 112,548,475
Current liabilities    
Accounts payable and accrued liabilities 13,881,277 15,999,157
Billings in excess of costs and estimated earnings on uncompleted contracts 731,492 1,165,002
Current portion of operating lease liability 1,880,957  
Current portion of other long-term debt   113,855
Current portion of notes payable, net 7,769,497 7,161,890
Accrued remediation costs 75,545 60,101
Total current liabilities 24,338,768 24,500,005
Deferred income taxes 9,008,765 6,061,042
Accrued remediation costs, less current portion 398,877 436,982
Other long-term debt, less current portion, net   183,744
Notes payable, less current portion, net 24,402,926 21,731,024
Other accrued liabilities 5,047,088 30,246
Total liabilities 63,196,424 52,943,043
Commitments and contingencies (notes 4 and 8)
Stockholders’ equity    
Preferred stock, $1 par value, 5,000,000 shares authorized, none issued
Common stock, $.10 par value, 40,000,000 shares authorized; 27,813,772 shares issued 24,522,534 shares outstanding in 2019 and 24,590,243 shares outstanding in 2018 2,781,377 2,781,377
Additional paid-in capital 18,481,683 18,481,683
Retained earnings 48,347,798 41,621,191
Treasury stock, 3,291,238 shares in 2019 and 3,223,529 shares in 2018, at cost (3,440,104) (3,278,819)
Total stockholders’ equity 66,170,754 59,605,432
Total liabilities and stockholders’ equity $ 129,367,178 $ 112,548,475