v3.20.1
Consolidated Statements of Income - USD ($)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Revenue    
Total revenue $ 180,645,718 $ 138,148,842
Costs and expenses    
Selling, general and administrative 9,451,515 7,336,475
Depreciation and amortization 10,846,334 8,436,972
Gain on sale of property and equipment (51,123) (176,564)
Total costs and expenses 169,430,167 130,585,138
Total operating income 11,215,551 7,563,704
Other income (expense), net    
Interest income 98,048 52,288
Interest expense, net of amount capitalized (1,445,528) (875,646)
Other income, net 121,909 84,351
Total other expense, net (1,225,571) (739,007)
Income before income taxes 9,989,980 6,824,697
Income tax provision 3,263,373 1,796,946
Net income $ 6,726,607 $ 5,027,751
Net income per share of common stock — basic and diluted $ 0.27 $ 0.20
Weighted average shares outstanding — basic and diluted 24,523,429 25,411,623
Electrical construction    
Revenue    
Total revenue $ 167,779,823 $ 136,526,511
Costs and expenses    
Cost of goods and service sold 139,820,478 113,976,157
Real estate development    
Revenue    
Total revenue 12,865,895 1,622,331
Costs and expenses    
Cost of goods and service sold $ 9,362,963 $ 1,012,098

Source