Quarterly report pursuant to Section 13 or 15(d)

Business Segment Information (Tables)

v3.20.1
Business Segment Information (Tables)
3 Months Ended
Mar. 31, 2020
Segment Reporting [Abstract]  
Summary of Segment Information

The following table sets forth certain segment information for the dates indicated:

 

 

 

Three Months Ended March 31,

 

 

 

2020

 

 

2019

 

Continuing Operations

 

 

 

 

 

 

 

 

Revenue

 

 

 

 

 

 

 

 

Electrical construction

 

$

43,065,392

 

 

$

41,387,318

 

Real estate development

 

 

1,774,116

 

 

 

6,092,938

 

Total revenue

 

$

44,839,508

 

 

$

47,480,256

 

Operating expenses

 

 

 

 

 

 

 

 

Electrical construction

 

$

40,363,663

 

 

$

38,353,612

 

Real estate development

 

 

1,511,546

 

 

 

4,888,792

 

Corporate

 

 

1,364,603

 

 

 

1,322,811

 

Total operating expenses

 

$

43,239,812

 

 

$

44,565,215

 

Operating income (loss)

 

 

 

 

 

 

 

 

Electrical construction

 

$

2,701,729

 

 

$

3,033,706

 

Real estate development

 

 

262,570

 

 

 

1,204,146

 

Corporate

 

 

(1,364,603

)

 

 

(1,322,811

)

Total operating income

 

$

1,599,696

 

 

$

2,915,041

 

Other (expenses) income, net

 

 

 

 

 

 

 

 

Electrical construction

 

$

(256,328

)

 

$

(324,313

)

Real estate development

 

 

 

 

 

(4,852

)

Corporate

 

 

30,693

 

 

 

21,009

 

Total other expenses, net

 

$

(225,635

)

 

$

(308,156

)

Net income (loss) before taxes

 

 

 

 

 

 

 

 

Electrical construction

 

$

2,445,401

 

 

$

2,709,393

 

Real estate development

 

 

262,570

 

 

 

1,199,294

 

Corporate

 

 

(1,333,910

)

 

 

(1,301,802

)

Total net income before taxes

 

$

1,374,061

 

 

$

2,606,885

 

Capital Expenditures

 

 

 

 

 

 

 

 

Electrical construction

 

$

4,974,021

 

 

$

11,642,297

 

Real estate development

 

 

139

 

 

 

 

Corporate

 

 

47,782

 

 

 

723,884

 

Total

 

$

5,021,942

 

 

$

12,366,181

 

Depreciation and Amortization

 

 

 

 

 

 

 

 

Electrical construction

 

$

2,856,206

 

 

$

2,552,235

 

Real estate development

 

 

8,289

 

 

 

5,674

 

Corporate

 

 

28,317

 

 

 

23,170

 

Total

 

$

2,892,812

 

 

$

2,581,079

 

Summary of Assets by Segment

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

 

Assets

 

March 31, 2020

 

 

December 31, 2019

 

Electrical construction

 

$

120,847,274

 

 

$

111,064,071

 

Real estate development

 

 

6,916,753

 

 

 

7,578,440

 

Corporate

 

 

21,417,759

 

 

 

10,724,667

 

Total

 

$

149,181,786

 

 

$

129,367,178