Balance Sheet

v3.19.1
Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 250,464 $ 1,368,395
Accounts receivable, net 2,956,614 1,746,326
Costs and estimated earnings in excess of billings on uncompleted contracts 12,424 260,325
Prepaid expenses and other current assets 781,046 986,687
Total current assets 4,000,548 4,361,733
Property, plant and equipment, net 68,172 71,337
Goodwill 4,162,173 4,162,173
Intangible assets, net 2,407,648 2,443,929
Total Assets 10,638,541 11,039,172
Current liabilities:    
Accounts payable and accrued expenses 2,251,920 2,624,218
Billings in excess of costs and estimated earnings on uncompleted contracts 1,580,481 1,334,887
Total current liabilities 3,832,401 3,959,105
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 17,917,551 17,700,743
Accumulated deficit (11,154,012) (10,663,277)
Total stockholders’ equity 6,806,140 7,080,067
Total Liabilities and Stockholders’ Equity $ 10,638,541 $ 11,039,172

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