v3.10.0.1
Consolidated Balance Sheets - USD ($)
Jun. 30, 2018
Dec. 31, 2017
Current assets    
Cash and cash equivalents $ 9,870,523 $ 18,529,757
Accounts receivable and accrued billings 24,418,346 21,566,842
Costs and estimated earnings in excess of billings on uncompleted contracts 10,411,674 6,074,346
Income taxes receivable 0 619,552
Residential properties under construction 4,818,522 2,412,202
Prepaid expenses 1,125,766 993,668
Other current assets 851,602 1,532,110
Total current assets 51,496,433 51,728,477
Property, buildings and equipment, at cost, net of accumulated depreciation of $40,507,579 in 2018 and $38,927,654 in 2017 40,206,369 36,072,300
Deferred charges and other assets    
Land and land development costs 4,996,762 4,326,728
Cash surrender value of life insurance 548,679 550,335
Restricted cash 102,027 102,027
Goodwill 101,407 101,407
Intangibles, net of accumulated amortization of $293,884 in 2018 and $263,134 in 2017 719,916 750,666
Total deferred charges and other assets 6,468,791 5,831,163
Total assets 98,171,593 93,631,940
Current liabilities    
Accounts payable and accrued liabilities 11,417,561 9,379,535
Billings in excess of costs and estimated earnings on uncompleted contracts 240,808 166,268
Current portion of other long-term debt 110,581 0
Current portion of notes payable, net 5,064,775 6,099,787
Income taxes payable 276,201 0
Accrued remediation costs 73,352 87,553
Total current liabilities 17,183,278 15,733,143
Deferred income taxes 4,951,436 4,698,720
Accrued remediation costs, less current portion 428,976 434,164
Other long-term debt, less current portion, net 241,502 0
Notes payable, less current portion, net 14,197,805 16,151,567
Other accrued liabilities 63,116 66,033
Total liabilities 37,066,113 37,083,627
Commitments and contingencies (notes 4 and 6) 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 41,150,607 36,593,440
Treasury stock, 2,362,418 shares, at cost (1,308,187) (1,308,187)
Total stockholders’ equity 61,105,480 56,548,313
Total liabilities and stockholders’ equity $ 98,171,593 $ 93,631,940

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