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 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Revenue        
Electrical construction $ 28,804,467 $ 30,890,691 $ 58,253,114 $ 65,732,195
Other 305,415 1,365,782 1,580,632 2,283,261
Total revenue 29,109,882 32,256,473 59,833,746 68,015,456
Costs and expenses        
Electrical construction 21,410,600 21,777,492 43,419,573 46,934,467
Other 216,727 977,578 1,091,004 1,634,908
Selling, general and administrative 1,554,782 1,644,005 3,334,756 3,074,417
Depreciation and amortization 1,812,597 1,543,869 3,561,488 3,081,843
Loss (gain) on sale of property and equipment 14,138 (1,294) 11,565 18,143
Total costs and expenses 25,008,844 25,941,650 51,418,386 54,743,778
Total operating income 4,101,038 6,314,823 8,415,360 13,271,678
Other income (expense), net        
Interest income 5,855 8,539 13,190 15,360
Interest expense, net of amount capitalized (138,440) (151,742) (272,459) (311,291)
Other income, net 15,818 14,082 30,467 29,460
Total other expense, net (116,767) (129,121) (228,802) (266,471)
Income from continuing operations before income taxes 3,984,271 6,185,702 8,186,558 13,005,207
Income tax provision 1,466,378 2,271,458 3,003,516 4,790,947
Income from continuing operations 2,517,893 3,914,244 5,183,042 8,214,260
Loss from discontinued operations, net of income tax benefit of $0 in 2017 and $42,193 and $66,077, respectively in 2016 0 (68,162) 0 (108,007)
Net income $ 2,517,893 $ 3,846,082 $ 5,183,042 $ 8,106,253
Net income (loss) per share of common stock — basic and diluted        
Continuing operations (usd per share) $ 0.10 $ 0.15 $ 0.20 $ 0.32
Discontinued operations (usd per share) 0.00 0.00 0.00 0.00
Net income (usd per share) $ 0.10 $ 0.15 $ 0.20 $ 0.32
Weighted average shares outstanding - basic and diluted (shares) 25,451,354 25,451,354 25,451,354 25,451,354