XML 13 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (USD $)
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Income Statement [Abstract]        
Project billings and services $ 8,497,189 $ 9,282,640 $ 22,920,856 $ 21,983,810
Project costs 5,563,052 8,458,968 16,008,606 17,748,117
Gross margin 2,934,137 823,672 6,912,250 4,235,693
Gross margin ratio 34.50% 8.90% 30.20% 19.30%
Operating expenses:        
Payroll expense and related payroll taxes and benefits 901,845 1,125,082 2,858,255 3,635,051
Office Expense 92,345 168,736 272,838 487,701
Occupancy 210,598 218,634 618,734 666,580
Business Insurance 113,830 123,095 373,339 383,619
Professional Services 109,293 136,005 439,071 452,807
Equipment Expenses, net of usage credit 148,504 114,482 417,539 416,697
Other expenses 38,574 92,644 135,729 146,329
Total operating expenses 1,614,989 1,978,678 5,115,505 6,188,784
Operating income (loss) 1,319,148 (1,155,006) 1,796,745 (1,953,091)
Other income and (expense):        
Interest expense (219,880) (147,113) (659,312) (448,197)
Other, net (12,938) 44,076 115,664 125,724
Total other income and (expense) (232,818) (103,037) (543,648) (322,473)
Net income (loss) before income taxes 1,086,330 (1,258,043) 1,253,097 (2,275,564)
Income tax benefit (expense) (402,300) 140,000 (475,799) 537,000
Net income (loss) $ 684,030 $ (1,118,043) $ 777,298 $ (1,738,564)
Basic $ 0.06 $ (0.09) $ 0.07 $ (0.15)
Diluted $ 0.01 $ (0.09) $ 0.02 $ (0.15)
Basic 11,940,373 11,940,373 11,940,373 11,940,373
Diluted 52,543,076 11,940,373 48,729,743 11,940,373