Financials

v3.5.0.2
Consolidated Balance Sheets - USD ($)
Sep. 30, 2016
Dec. 31, 2015
Current assets    
Cash $ 100,390 $ 229,882
Advances to employees 13,482 13,770
Contracts receivable (net of allow. for bad debt) 4,329,628 4,599,131
Inventory 212,902 133,715
Deferred tax asset- current 86,098 86,098
Prepaids 55,145
Cost and estimated earnings in excess of billings on uncompleted contracts 814,776 690,553
Total current assets 5,612,421 5,753,149
Property and equipment, net 1,801,936 1,998,158
Goodwill 1,446,855 1,446,855
Deferred tax asset- non-current 632,882 632,882
Other assets 4,731 4,731
TOTAL ASSETS 9,498,825 9,835,775
Current liabilities    
Accounts payable 2,846,244 2,911,780
Accrued payroll and other accrued liabilities 191,490 47,819
Billings in excess of costs and estimated earnings on uncompleted contracts 104,122 301,398
Notes payable 1,750,300
Current portion long-term debt    
Related party
Non-related party 487,149 457,950
Total current liabilities 3,629,005 5,469,247
Long-term debt, net of current portion    
Related party 3,300,144 3,419,098
Non-related party 2,027,192 446,066
Total long-term liabilities 5,327,336 3,865,164
Stockholders' equity    
Common stock, authorized: $0.001 par value, 250,000,000 shares, at September 30, 2016; issued: 47,300,500 shares, at September 30, 2016; 46,880,500 shares, at December 31, 2015 47,301 46,881
Additional paid in capital 1,471,158 1,299,018
Retained earnings (975,976) (844,535)
Total stockholders' equity 542,483 501,364
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 9,498,825 $ 9,835,775
v3.5.0.2
Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Statements of Operations [Abstract]        
Revenues $ 4,488,467 $ 4,647,451 $ 12,104,893 $ 13,292,944
Cost of sales 3,336,289 4,287,086 8,984,848 11,400,234
Gross profit 1,152,178 360,365 3,120,045 1,892,710
General & administrative expenses 1,369,526 1,254,745 3,549,854 3,848,916
Net operating profit/(loss) (217,348) (894,380) (429,809) (1,956,206)
Other income/ (expenses), net 170,687 (75,047) 298,368 (232,591)
Net profit/(loss) $ (46,661) $ (969,427) $ (131,441) $ (2,188,797)
Earnings per share        
Basic and diluted $ (0.001) $ (0.0207) $ (0.0028) $ (0.0468)
Shares used in computing earnings per share        
Basic and diluted 47,300,500 46,880,500 47,050,901 46,791,631
Cash distributions declared per common share
v3.5.0.2
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Operating Activities    
Net income/ (loss) $ (131,441) $ (2,188,797)
Adjustments to reconcile net loss to cash provided (used) by operating activities    
Depreciation expense 383,748 380,824
(Gain) on disposal of assets (386,000)
Decrease (Increase) in:    
Contracts receivable 269,503 2,569,395
Other assets (54,857) 924
Inventories (79,187) (17,913)
Cost & estimated earnings in excess of billings on uncompleted contracts (124,223) (637,526)
Increase (Decrease) in:    
Accounts payable (65,527) 16,729
Accrued liabilities 143,671 605,175
Billings in excess of costs and estimated earnings (197,276) (315,769)
Total Adjustments (110,147) 2,601,839
Net cash provided (used) by operating activities (241,588) 413,042
Investing Activities:    
Purchase of property and equipment (213,525) (416,562)
Proceeds from disposal of equipment 412,000
Net cash provided (used) by investing activities 198,475 (416,562)
Proceeds from new borrowings    
Non-related party 188,645 591,562
Related party 510,000
Principal payments on debt    
Non-related party (328,620) (511,739)
Related party (118,954) (147,470)
Capital contributed 172,550 18,120
Net cash provided (used) by financing activities (86,379) 460,473
Net increase (decrease) in cash (129,492) 456,953
Cash at beginning of period 229,882 149,455
Cash at end of period 100,390 606,408
Supplemental Disclosures    
Interest paid 92,732 224,484
Income taxes paid