Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Operations

v3.10.0.1
Consolidated Statements of Operations - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Revenue        
Total revenue $ 29,516,742 $ 24,507,215 $ 101,462,682 $ 84,340,960
Costs and expenses        
Electrical construction 26,122,915 20,299,375 82,192,792 63,718,948
Other 1,956 600,597 1,009,061 1,691,601
Selling, general and administrative 1,444,983 1,625,027 5,673,506 4,959,782
Depreciation and amortization 2,141,684 1,824,875 6,031,426 5,386,364
(Gain) loss on sale of property and equipment (89,846) 18,594 (155,062) 30,158
Total costs and expenses 29,621,692 24,368,468 94,751,723 75,786,853
Total operating (loss) income (104,950) 138,747 6,710,959 8,554,107
Other income (expense), net        
Interest income 12,020 10,320 28,861 23,509
Interest expense, net of amount capitalized (205,203) (202,054) (602,502) (474,512)
Other income, net 23,128 14,810 60,495 45,277
Total other expense, net (170,055) (176,924) (513,146) (405,726)
(Loss) income before income taxes (275,005) (38,177) 6,197,813 8,148,381
Income tax provision (81,851) 15,345 1,833,800 3,018,861
(Loss) income from continuing operations (193,154) (53,522) 4,364,013 5,129,520
Loss from discontinued operations, net of income tax benefit of $0, $61,556, $0 and $61,556, respectively 0 (103,487) 0 (103,487)
Net (loss) income $ (193,154) $ (157,009) $ 4,364,013 $ 5,026,033
Net (loss) income per share of common stock — basic and diluted        
Net (loss) income from continuing operations per share of common stock - basic and diluted (in usd per share) $ (0.01) $ 0.00 $ 0.17 $ 0.20
Net (loss) income from discontinued operations per share of common stock - basic and diluted (in usd per share) 0.00 0.00 0.00 0.00
Net (loss) income per share of common stock - basic and diluted (usd per share) $ (0.01) $ (0.01) $ 0.17 $ 0.20
Weighted average shares outstanding - basic and diluted (shares) 25,451,354 25,451,354 25,451,354 25,451,354
Electrical construction        
Revenue        
Revenue $ 29,514,965 $ 23,616,373 $ 99,842,651 $ 81,869,487
Other        
Revenue        
Revenue $ 1,777 $ 890,842 $ 1,620,031 $ 2,471,473