v3.7.0.1
Consolidated Balance Sheets - USD ($)
Jun. 30, 2017
Dec. 31, 2016
Current assets    
Cash and cash equivalents $ 22,376,249 $ 20,599,648
Accounts receivable and accrued billings 19,246,943 19,094,407
Costs and estimated earnings in excess of billings on uncompleted contracts 6,381,544 7,313,099
Income taxes receivable 32,652 533,837
Residential properties under construction 1,791,110 1,552,131
Prepaid expenses 1,316,431 1,037,715
Other current assets 1,226,001 1,298,044
Total current assets 52,370,930 51,428,881
Property, buildings and equipment, at cost, net of accumulated depreciation of $36,088,057 in 2017 and $33,140,214 in 2016 37,276,568 33,245,947
Deferred charges and other assets    
Land and land development costs 4,614,152 4,930,331
Cash surrender value of life insurance 550,461 550,672
Restricted cash 173,075 173,041
Goodwill 101,407 101,407
Intangibles, net of accumulated amortization of $232,384 in 2017 and $201,634 in 2016 781,416 812,166
Other assets 466,095 59,712
Total deferred charges and other assets 6,686,606 6,627,329
Total assets 96,334,104 91,302,157
Current liabilities    
Accounts payable and accrued liabilities 7,694,984 11,386,119
Billings in excess of costs and estimated earnings on uncompleted contracts 212,152 845,057
Current portion of notes payable, net 6,096,045 6,101,855
Accrued remediation costs 101,657 102,526
Total current liabilities 14,104,838 18,435,557
Deferred income taxes 7,778,574 8,204,324
Accrued remediation costs, less current portion 80,083 112,380
Notes payable, less current portion, net 20,403,474 16,231,373
Other accrued liabilities 533,531 67,961
Total liabilities 42,900,500 43,051,595
Commitments and contingencies (notes 3 and 5) 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 33,478,731 28,295,689
Treasury stock, 2,362,418 shares, at cost (1,308,187) (1,308,187)
Total stockholders’ equity 53,433,604 48,250,562
Total liabilities and stockholders’ equity $ 96,334,104 $ 91,302,157

Source