v3.6.0.2
Consolidated Balance Sheets - USD ($)
Dec. 31, 2016
Dec. 31, 2015
Current assets    
Cash and cash equivalents $ 20,599,648 $ 11,374,238
Accounts receivable and accrued billings 19,094,407 17,250,067
Costs and estimated earnings in excess of billings on uncompleted contracts 7,313,099 10,292,199
Income taxes receivable 533,837 0
Current portion of notes receivable 0 47,851
Residential properties under construction 1,552,131 145,450
Prepaid expenses 1,037,715 1,210,780
Deferred income taxes 0 773,245
Other current assets 1,298,044 1,140,779
Total current assets 51,428,881 42,234,609
Property, buildings and equipment, at cost, net of accumulated depreciation of $33,140,214 in 2016 and $28,653,138 in 2015 33,245,947 34,671,947
Deferred charges and other assets    
Land and land development costs 4,930,331 2,417,089
Cash surrender value of life insurance 550,672 549,600
Restricted cash 173,041 307,092
Notes receivable, less current portion 0 8,197
Goodwill 101,407 101,407
Intangibles, net of accumulated amortization of $201,634 in 2016 and $140,134 in 2015 812,166 873,666
Other assets 59,712 0
Total deferred charges and other assets 6,627,329 4,257,051
Total assets 91,302,157 81,163,607
Current liabilities    
Accounts payable and accrued liabilities 11,386,119 10,067,553
Billings in excess of costs and estimated earnings on uncompleted contracts 845,057 234,161
Current portion of notes payable, net 6,101,855 5,815,510
Income taxes payable 0 483,763
Accrued remediation costs 102,526 135,786
Total current liabilities 18,435,557 16,736,773
Deferred income taxes 8,204,324 8,328,492
Accrued remediation costs, less current portion 112,380 107,429
Notes payable, less current portion, net 16,231,373 20,656,402
Other accrued liabilities 67,961 83,698
Total liabilities 43,051,595 45,912,794
Commitments and contingencies (notes 4, 7 and 8) 0 0
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 and 25,451,354 shares outstanding 2,781,377 2,781,377
Additional paid-in capital 18,481,683 18,481,683
Retained earnings 28,295,689 15,295,940
Treasury stock, 2,362,418 shares, at cost (1,308,187) (1,308,187)
Total stockholders’ equity 48,250,562 35,250,813
Total liabilities and stockholders’ equity $ 91,302,157 $ 81,163,607

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