v3.20.2
Consolidated Statements of Income - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenue        
Total revenue $ 48,421,797 $ 44,732,881 $ 141,045,470 $ 136,593,356
Costs and expenses        
Selling, general and administrative 3,633,799 2,162,360 8,581,365 7,033,244
Depreciation and amortization 3,056,457 2,728,988 8,950,772 8,048,549
(Gain) loss on sale of property and equipment (25,831) (45,504) 2,915 (77,571)
Total costs and expenses 46,549,956 42,666,732 133,765,529 129,962,597
Total operating income 1,871,841 2,066,149 7,279,941 6,630,759
Other income (expense), net        
Interest income 29,245 28,311 58,939 71,082
Interest expense, net of amount capitalized (215,063) (367,244) (761,118) (1,130,798)
Other income, net 38,195 27,199 121,199 91,736
Total other expense, net (147,623) (311,734) (580,980) (967,980)
Income before income taxes 1,724,218 1,754,415 6,698,961 5,662,779
Income tax provision 632,467 592,413 1,665,769 1,902,034
Net income $ 1,091,751 $ 1,162,002 $ 5,033,192 $ 3,760,745
Net income per share of common stock — basic $ 0.04 $ 0.05 $ 0.21 $ 0.15
Net income per share of common stock — diluted $ 0.04 $ 0.05 $ 0.21 $ 0.15
Weighted average shares outstanding        
Basic 24,522,534 24,522,534 24,522,534 24,523,731
Diluted 24,554,324 24,522,534 24,533,208 24,523,731
Electrical construction        
Revenue        
Total revenue $ 48,056,897 $ 43,182,197 $ 137,794,907 $ 123,773,883
Costs and expenses        
Cost of goods and service sold 39,640,718 36,789,515 114,042,479 105,597,926
Real estate development        
Revenue        
Total revenue 364,900 1,550,684 3,250,563 12,819,473
Costs and expenses        
Cost of goods and service sold $ 244,813 $ 1,031,373 $ 2,187,998 $ 9,360,449

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