Annual report pursuant to Section 13 and 15(d)

Income Taxes - Components of Deferred Tax Assets and Liabilities (Details)

v3.19.1
Income Taxes - Components of Deferred Tax Assets and Liabilities (Details) - USD ($)
Dec. 31, 2018
Dec. 31, 2017
Deferred tax assets    
Accrued vacation $ 139,713 $ 113,893
Acquisition costs capitalized 55,917 58,886
Accrued remediation costs 120,493 130,168
Net operating loss carryforwards 435,121 0
Accrued payables 17,914 174,674
Sec 163(j) interest limitation 199,582 0
Federal depreciation in excess of state 635,202 0
Percentage completed contract method for tax 1,557,437 276,413
Accrued workers’ compensation 205,150 159,237
Capitalized bidding costs 73,565 121,227
Inventory adjustments 263,680 139,565
Accrued lease expense 15,199 17,902
Accrued contract losses 164,843 50,220
Other 4,097 4,103
Total deferred tax assets 3,887,913 1,246,288
Deferred tax liabilities    
481 (a) adjustment for deferred revenue (24,602) 0
Tax amortization in excess of financial statement amortization (13,378) (10,850)
Tax depreciation in excess of financial statement depreciation (9,910,975) (5,934,158)
Total deferred tax liabilities (9,948,955) (5,945,008)
Total net deferred tax liabilities $ (6,061,042) $ (4,698,720)