| ASSETS |
| Cash and cash equivalents |
14.2M |
| Marketable securities |
2.95M |
| Accounts receivable |
18.37M |
| Retainage receivable |
6.33M |
| Costs and estimated earnings in excess of billings on uncompleted contracts |
1.16M |
| Prepaid income taxes |
| Prepaid expenses and other receivables |
437K |
| Advances to and earnings from joint venture (Note 5) |
615K |
| Deferred income taxes |
115K |
| Total current assets |
44.19M |
| Property and equipment, net of accumulated depreciation and amortization of $2,516 and $2,439 at 6/30/11 and 12/31/10, respectively |
2.45M |
| Deferred income taxes |
133K |
| Other |
29K |
| Total assets |
46.8M |
| LIABILITIES AND STOCKHOLDERS' EQUITY |
| Current portion of mortgage payable |
58K |
| Accounts payable |
13.29M |
| Retainage payable |
4.04M |
| Accrued payroll and benefits |
1.26M |
| Accrued expenses |
135K |
| Billings in excess of costs and estimated earnings on uncompleted contracts |
4.31M |
| Total current liabilities |
23.09M |
| Mortgage payable, net of current portion |
907K |
| Total liabilities |
23.99M |
| Commitments and contingencies (Note 8) |
| Stockholders' equity: |
| Preferred stock, $.01 par value, 1,000,000 shares authorized, no shares issued and outstanding |
| Common stock, $.01 par value, 25,000,000 shares authorized; 6,419,325 shares issued and 6,366,625 shares outstanding |
64K |
| Additional paid-in capital |
13.72M |
| Retained earnings |
9.3M |
| Accumulated other comprehensive loss: |
| Net unrealized holding losses on available - for-sale securities |
-140K |
| Less treasury stock at cost, 52,700 shares |
-140K |
| Total stockholders' equity |
22.81M |
| Total liabilities and stockholders' equity |
46.8M |
