Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Income

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Consolidated Statements of Income - USD ($)
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Revenue    
Total revenue $ 47,480,256 $ 34,438,696
Costs and expenses    
Selling, general and administrative 2,528,321 2,116,414
Depreciation and amortization 2,581,079 1,887,508
Gain on sale of property and equipment (25,851) (13,391)
Total costs and expenses 44,565,215 30,987,148
Total operating income 2,915,041 3,451,548
Other income (expense), net    
Interest income 11,552 6,789
Interest expense, net of amount capitalized (351,992) (189,617)
Other income, net 32,284 15,094
Total other expense, net (308,156) (167,734)
Income before income taxes 2,606,885 3,283,814
Income tax provision 827,264 878,139
Net income $ 1,779,621 $ 2,405,675
Net income per share of common stock — basic and diluted $ 0.07 $ 0.09
Weighted average shares outstanding - basic and diluted (shares) 24,526,165 25,451,354
Electrical construction    
Revenue    
Total revenue $ 41,387,318 $ 34,131,919
Costs and expenses    
Cost of goods and service sold 35,292,012 26,782,860
Real estate development    
Revenue    
Total revenue 6,092,938 306,777
Costs and expenses    
Cost of goods and service sold $ 4,189,654 $ 213,757