Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Income

v3.20.1
Consolidated Statements of Income - USD ($)
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Revenue    
Total revenue $ 44,839,508 $ 47,480,256
Costs and expenses    
Selling, general and administrative 2,603,208 2,528,321
Depreciation and amortization 2,892,812 2,581,079
Loss (gain) on sale of property and equipment 68,457 (25,851)
Total costs and expenses 43,239,812 44,565,215
Total operating income 1,599,696 2,915,041
Other income (expense), net    
Interest income 23,421 11,552
Interest expense, net of amount capitalized (285,849) (351,992)
Other income, net 36,793 32,284
Total other expense, net (225,635) (308,156)
Income before income taxes 1,374,061 2,606,885
Income tax provision (105,914) 827,264
Net income $ 1,479,975 $ 1,779,621
Net income per share of common stock - basic and diluted $ 0.06 $ 0.07
Weighted average shares outstanding - basic and diluted 24,522,534 24,526,165
Electrical construction    
Revenue    
Total revenue $ 43,065,392 $ 41,387,318
Costs and expenses    
Cost of goods and service sold 36,472,260 35,292,012
Real estate development    
Revenue    
Total revenue 1,774,116 6,092,938
Costs and expenses    
Cost of goods and service sold $ 1,203,075 $ 4,189,654