v3.8.0.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2017
Dec. 31, 2016
Current assets    
Cash and cash equivalents $ 18,529,757 $ 20,599,648
Accounts receivable and accrued billings 21,566,842 19,094,407
Costs and estimated earnings in excess of billings on uncompleted contracts 6,074,346 7,313,099
Income taxes receivable 619,552 533,837
Residential properties under construction 2,412,202 1,552,131
Prepaid expenses 993,668 1,037,715
Other current assets 1,532,110 1,298,044
Total current assets 51,728,477 51,428,881
Property, buildings and equipment, at cost, net of accumulated depreciation of $38,927,654 in 2017 and $33,140,214 in 2016 36,072,300 33,245,947
Deferred charges and other assets    
Land and land development costs 4,326,728 4,930,331
Cash surrender value of life insurance 550,335 550,672
Restricted cash 102,027 173,041
Goodwill 101,407 101,407
Intangibles, net of accumulated amortization of $263,134 in 2017 and $201,634 in 2016 750,666 812,166
Other assets 0 59,712
Total deferred charges and other assets 5,831,163 6,627,329
Total assets 93,631,940 91,302,157
Current liabilities    
Accounts payable and accrued liabilities 9,379,535 11,386,119
Billings in excess of costs and estimated earnings on uncompleted contracts 166,268 845,057
Current portion of notes payable, net 6,099,787 6,101,855
Accrued remediation costs 87,553 102,526
Total current liabilities 15,733,143 18,435,557
Deferred income taxes 4,698,720 8,204,324
Accrued remediation costs, less current portion 434,164 112,380
Notes payable, less current portion, net 16,151,567 16,231,373
Other accrued liabilities 66,033 67,961
Total liabilities 37,083,627 43,051,595
Commitments and contingencies (notes 4 and 8) 0 0
Stockholders’ equity    
Preferred stock, $1 par value, 5,000,000 shares authorized, none issued
Common stock, $.10 par value, 40,000,000 shares authorized; 27,813,772 shares issued and 25,451,354 shares outstanding 2,781,377 2,781,377
Additional paid-in capital 18,481,683 18,481,683
Retained earnings 36,593,440 28,295,689
Treasury stock, 2,362,418 shares, at cost (1,308,187) (1,308,187)
Total stockholders’ equity 56,548,313 48,250,562
Total liabilities and stockholders’ equity $ 93,631,940 $ 91,302,157

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