v3.7.0.1
Consolidated Balance Sheets - USD ($)
Mar. 31, 2017
Dec. 31, 2016
Current assets    
Cash and cash equivalents $ 14,228,271 $ 20,599,648
Accounts receivable and accrued billings 16,970,860 19,094,407
Costs and estimated earnings in excess of billings on uncompleted contracts 10,403,910 7,313,099
Income taxes receivable 0 533,837
Residential properties under construction 1,389,764 1,552,131
Prepaid expenses 1,820,770 1,037,715
Other current assets 1,386,620 1,298,044
Total current assets 46,200,195 51,428,881
Property, buildings and equipment, at cost, net of accumulated depreciation of $34,509,095 in 2017 and $33,140,214 in 2016 37,388,016 33,245,947
Deferred charges and other assets    
Land and land development costs 4,456,345 4,930,331
Cash surrender value of life insurance 550,672 550,672
Restricted cash 173,058 173,041
Goodwill 101,407 101,407
Intangibles, net of accumulated amortization of $217,009 in 2017 and $201,634 in 2016 796,791 812,166
Other assets 82,980 59,712
Total deferred charges and other assets 6,161,253 6,627,329
Total assets 89,749,464 91,302,157
Current liabilities    
Accounts payable and accrued liabilities 8,086,382 11,386,119
Billings in excess of costs and estimated earnings on uncompleted contracts 520,231 845,057
Current portion of notes payable, net 6,102,928 6,101,855
Income taxes payable 1,241,528 0
Accrued remediation costs 85,036 102,526
Total current liabilities 16,036,105 18,435,557
Deferred income taxes 7,913,016 8,204,324
Accrued remediation costs, less current portion 112,380 112,380
Notes payable, less current portion, net 14,705,165 16,231,373
Other accrued liabilities 67,087 67,961
Total liabilities 38,833,753 43,051,595
Commitments and contingencies (notes 3 and 5) 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 30,960,838 28,295,689
Treasury stock, 2,362,418 shares, at cost (1,308,187) (1,308,187)
Total stockholders’ equity 50,915,711 48,250,562
Total liabilities and stockholders’ equity $ 89,749,464 $ 91,302,157

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