Quarterly report pursuant to Section 13 or 15(d)

Business Segment Information (Tables)

v3.19.1
Business Segment Information (Tables)
3 Months Ended
Mar. 31, 2019
Segment Reporting [Abstract]  
Summary of Segment Information

The following table sets forth certain segment information for the three months ended March 31 as indicated:

 

 

 

2019

 

 

2018

 

Continuing Operations

 

 

 

 

 

 

 

 

Revenue

 

 

 

 

 

 

 

 

Electrical construction

 

 

41,387,318

 

 

 

34,131,919

 

Real estate development

 

 

6,092,938

 

 

 

306,777

 

Total revenue

 

$

47,480,256

 

 

$

34,438,696

 

Operating expenses

 

 

 

 

 

 

 

 

Electrical construction

 

 

38,353,612

 

 

 

29,087,925

 

Real estate development

 

 

4,888,792

 

 

 

431,035

 

Corporate

 

 

1,322,811

 

 

 

1,468,188

 

Total operating expenses

 

$

44,565,215

 

 

$

30,987,148

 

Operating income (loss)

 

 

 

 

 

 

 

 

Electrical construction

 

 

3,033,706

 

 

 

5,043,994

 

Real estate development

 

 

1,204,146

 

 

 

(124,258

)

Corporate

 

 

(1,322,811

)

 

 

(1,468,188

)

Total operating income

 

$

2,915,041

 

 

$

3,451,548

 

Other (expenses) income, net

 

 

 

 

 

 

 

 

Electrical construction

 

 

(324,313

)

 

 

(163,371

)

Real estate development

 

 

(4,852

)

 

 

(19,087

)

Corporate

 

 

21,009

 

 

 

14,724

 

Total other expenses, net

 

$

(308,156

)

 

$

(167,734

)

Net income (loss) before taxes

 

 

 

 

 

 

 

 

Electrical construction

 

 

2,709,393

 

 

 

4,880,623

 

Real estate development

 

 

1,199,294

 

 

 

(143,345

)

Corporate

 

 

(1,301,802

)

 

 

(1,453,464

)

Total net income before taxes

 

$

2,606,885

 

 

$

3,283,814

 

Capital Expenditures

 

 

 

 

 

 

 

 

Electrical construction

 

 

11,642,297

 

 

 

3,365,643

 

Real estate development

 

 

 

 

 

3,076

 

Corporate

 

 

723,884

 

 

 

5,537

 

Total

 

$

12,366,181

 

 

$

3,374,256

 

Depreciation and Amortization

 

 

 

 

 

 

 

 

Electrical construction

 

 

2,552,235

 

 

 

1,858,465

 

Real estate development

 

 

5,674

 

 

 

4,348

 

Corporate

 

 

23,170

 

 

 

24,695

 

Total

 

$

2,581,079

 

 

$

1,887,508

 

Summary of Assets by Segment

The following table sets forth assets by segment as of the dates indicated:

 

Assets

 

March 31, 2019

 

 

December 31, 2018

 

Electrical construction

 

 

110,523,633

 

 

 

93,625,017

 

Real estate development

 

 

14,104,568

 

 

 

14,557,323

 

Corporate

 

 

6,336,500

 

 

 

4,366,135

 

Total

 

$

130,964,701

 

 

$

112,548,475