Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statement of Cash Flows (Unaudited)

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Consolidated Statement of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Operating Activities    
Net profit/(loss) $ (403,764) $ 231,637
Adjustments to reconcile net loss to cash provided (used) by operating activities    
Depreciation expense 105,848 127,916
(Gain)/loss on disposal of assets (15,455)
Decrease (Increase) in:    
Contracts receivable 902,119 601,755
Other assets (94,929) (54,129)
Inventories 1,097 (12,232)
Cost and estimated earnings in excess of billings on uncompleted contracts (293,096) (711,881)
Increase (Decrease) in:    
Accounts payable (5,476) 9,517
Accrued liabilities (106,376) (7,363)
Billings in excess of costs and estimated earnings 211,022 (119,974)
Total Adjustments 720,209 (181,846)
Net cash provided (used) by operating activities 316,445 49,789
Investing Activities:    
Purchase of property and equipment (5,880)
Proceeds from disposal of equipment 35,000
Net cash provided (used) by investing activities 29,120
Financing Activities:    
New borrowings
Debt reduction
Non-related party (185,074) (112,601)
Related-party (172,531) (5,064)
Proceeds from issuance of common stock 10
Net cash provided (used) by financing activities (357,605) (117,655)
Net increase (decrease) in cash (41,160) (38,746)
Cash at beginning of period 46,812 229,882
Cash at end of period 5,652 191,136
Supplemental Disclosures    
Interest paid 88,289 35,964
Income taxes paid