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Condensed Balance Sheets (Current Period Unaudited) - USD ($)
Sep. 30, 2015
Dec. 31, 2014
Current Assets:    
Cash $ 1,893,534 $ 1,504,907
Accounts receivable, net 8,728,857 6,466,814
Costs and estimated earnings in excess of billings on uncompleted contracts 96,537,127 79,054,139
Deferred income taxes $ 2,102,000 1,708,000
Refundable income taxes 8,138,322
Prepaid expenses and other current assets $ 909,565 828,275
Total current assets 110,171,083 97,700,457
Plant and equipment, net 2,374,757 2,755,186
Deferred income taxes 1,439,000 3,591,000
Other assets 108,080 108,080
Total Assets 114,092,920 104,154,723
Current Liabilities:    
Accounts payable 14,174,354 8,928,456
Accrued expenses 1,285,357 1,061,747
Billings in excess of costs and estimated earnings on uncompleted contracts 113,115 193,650
Current portion of long-term debt 999,712 971,713
Contract loss 990,364 396,182
Line of credit 24,700,000 25,150,000
Income tax payable 182,592 6,067
Deferred income taxes 153,000 128,000
Total current liabilities 42,598,494 36,835,815
Long-term debt, net of current portion 625,034 1,289,843
Deferred income taxes 459,000 622,000
Other liabilities 624,516 593,909
Total Liabilities 44,307,044 39,341,567
Shareholders’ Equity:    
Common stock - $.001 par value; authorized 50,000,000 shares, 8,564,417 and 8,500,555 shares, respectively, issued and outstanding 8,564 8,501
Additional paid-in capital 52,045,208 51,440,770
Retained earnings 17,737,914 13,373,601
Accumulated other comprehensive loss (5,810) (9,716)
Total Shareholders’ Equity 69,785,876 64,813,156
Total Liabilities and Shareholders’ Equity $ 114,092,920 $ 104,154,723