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CONDENSED BALANCE SHEETS (Unaudited) - USD ($)
Jun. 30, 2018
Dec. 31, 2017
Current Assets:    
Cash $ 1,032,098 $ 1,430,877
Accounts receivable, net of allowance for doubtful accounts of $150,000 as of June 30, 2018 and December 31, 2017 5,390,545 5,379,821
Contract assets 115,180,455 111,158,551
Prepaid expenses and other current assets 2,697,349 2,413,187
Total current assets 124,300,447 120,382,436
Property and equipment, net 2,581,006 2,046,942
Deferred income taxes, net 811,318 1,566,818
Other assets 156,214 188,303
Total Assets 127,848,985 124,184,499
Current Liabilities:    
Accounts payable 12,248,936 15,129,872
Accrued expenses 1,173,284 1,911,421
Contract liabilities 583,580 246,330 [1]
Current portion of long-term debt 2,370,013 2,009,000
Line of credit 27,338,685 22,838,685
Income tax payable   109,327
Total current liabilities 43,714,498 42,244,635
Long-term debt, net of current portion 6,220,229 7,019,468
Other liabilities 566,506 607,063
Total Liabilities 50,501,233 49,871,166
Shareholders' Equity:    
Common stock - $.001 par value; authorized 50,000,000 shares, 8,938,491 and 8,864,319 shares, respectively, issued and outstanding 8,935 8,863
Additional paid-in capital 54,276,175 53,770,618
Retained earnings 23,062,642 20,548,652
Accumulated other comprehensive loss   (14,800)
Total Shareholders' Equity 77,347,752 74,313,333
Total Liabilities and Shareholders' Equity $ 127,848,985 $ 124,184,499
[1] On January 1, 2018, as a result of the adoption of ASC 606, the Company reclassified costs and estimated earnings in excess of billings on uncompleted contracts to contract assets and billings in excess of costs and estimated earnings on uncompleted contracts to contract liabilities.