Balance Sheet

v3.19.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 1,368,395 $ 4,870,824
Short-term investment 30,033
Accounts receivable, net 1,746,326 3,005,875
Costs and estimated earnings in excess of billings on uncompleted contracts 260,325 61,175
Prepaid expenses and other current assets 986,687 183,890
Total current assets 4,361,733 8,151,797
Property, plant and equipment, net 71,337 6,796
Goodwill 4,162,173 4,162,173
Intangible assets, net 2,443,929 3,028,247
Total Assets 11,039,172 15,349,013
Current liabilities:    
Accounts payable and accrued expenses 2,624,218 2,148,091
Billings in excess of costs and estimated earnings on uncompleted contracts 1,334,887 1,673,048
Total current liabilities 3,959,105 3,821,139
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, $1.00 par value, 5,405,010 shares authorized; none issued or outstanding
Common stock, $0.01 par value, 300,000,000 shares authorized; 4,260,041 issued and outstanding as of December 31, 2018 and 2017, respectively 42,601 42,601
Additional paid-in capital 17,700,743 17,304,529
Accumulated deficit (10,663,277) (5,819,256)
Total stockholders’ equity 7,080,067 11,527,874
Total Liabilities and Stockholders’ Equity $ 11,039,172 $ 15,349,013

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