v3.7.0.1
Consolidated Statements of Cash Flows - USD ($)
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash flows from operating activities    
Net income $ 2,665,149 $ 4,260,171
Adjustments to reconcile net income to net cash provided by (used in) operating activities    
Depreciation and amortization 1,748,892 1,537,974
Amortization of debt issuance costs 5,921 6,087
Deferred income taxes (291,308) (28,835)
(Gain) loss on sale of property and equipment (2,572) 19,437
Other gains 0 (204)
Changes in operating assets and liabilities    
Accounts receivable and accrued billings 2,123,547 (1,725,207)
Costs and estimated earnings in excess of billings on uncompleted contracts (3,090,811) (7,179,593)
Residential properties under construction 162,367 145,450
Income taxes receivable 533,837 0
Prepaid expenses and other assets (894,916) (353,387)
Land and land development costs 473,986 (70,717)
Income taxes payable 1,241,528 1,661,321
Accounts payable and accrued liabilities (3,222,390) (791,087)
Billings in excess of costs and estimated earnings on uncompleted contracts (324,826) (219,323)
Accrued remediation costs (17,490) 40,595
Net cash provided by (used in) operating activities 1,110,914 (2,697,318)
Cash flows from investing activities    
Proceeds from disposal of property and equipment 36,242 31,731
Proceeds from notes receivable 0 17,291
Purchases of property, buildings and equipment (5,987,477) (529,503)
Net cash used in investing activities (5,951,235) (480,481)
Cash flows from financing activities    
Proceeds from notes payable 0 750,000
Repayments on notes payable (1,531,056) (1,995,262)
Net cash used in financing activities (1,531,056) (1,245,262)
Net decrease in cash and cash equivalents (6,371,377) (4,423,061)
Cash and cash equivalents at beginning of period 20,599,648 11,374,238
Cash and cash equivalents at end of period 14,228,271 6,951,177
Supplemental disclosure of cash flow information    
Interest paid, net of amounts capitalized 127,751 129,311
Income taxes paid, net 53,081 863,119
Supplemental disclosure of non-cash investing    
Liability for equipment acquired $ 87,482 $ 66,586

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