Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Operations

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Consolidated Statements of Operations - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenue        
Total revenue $ 44,732,881 $ 29,516,742 $ 136,593,356 $ 101,462,682
Costs and expenses        
Selling, general and administrative 2,162,360 1,444,983 7,033,244 5,673,506
Depreciation and amortization 2,728,988 2,141,684 8,048,549 6,031,426
Gain on sale of property and equipment (45,504) (89,846) (77,571) (155,062)
Total costs and expenses 42,666,732 29,621,692 129,962,597 94,751,723
Total operating income (loss) 2,066,149 (104,950) 6,630,759 6,710,959
Other income (expense), net        
Interest income 28,311 12,020 71,082 28,861
Interest expense, net of amount capitalized (367,244) (205,203) (1,130,798) (602,502)
Other income, net 27,199 23,128 91,736 60,495
Total other expense, net (311,734) (170,055) (967,980) (513,146)
Income before income taxes 1,754,415 (275,005) 5,662,779 6,197,813
Income tax provision 592,413 (81,851) 1,902,034 1,833,800
Net income (loss) $ 1,162,002 $ (193,154) $ 3,760,745 $ 4,364,013
Net income (loss) per share of common stock — basic and diluted $ 0.05 $ (0.01) $ 0.15 $ 0.17
Weighted average shares outstanding - basic and diluted (shares) 24,522,534 25,451,354 24,523,731 25,451,354
Electrical construction        
Revenue        
Total revenue $ 43,182,197 $ 29,514,965 $ 123,773,883 $ 99,842,651
Costs and expenses        
Cost of goods and service sold 36,789,515 26,122,915 105,597,926 82,192,792
Real estate development        
Revenue        
Total revenue 1,550,684 1,777 12,819,473 1,620,031
Costs and expenses        
Cost of goods and service sold $ 1,031,373 $ 1,956 $ 9,360,449 $ 1,009,061