Assets |
2013 |
2012 |
||
Current Assets Cash |
$ |
14,238,252 |
$ |
3,734,903 |
Certificates of Deposit |
– |
3,614,060 |
||
Accounts Receivable |
21,098,357 |
21,754,923 |
||
Costs & Estimated Earnings in Excess of Billing |
931,762 |
842,765 |
||
Inventories |
1,260,325 |
1,019,152 |
||
Prepaid Expenses |
387,128 |
253,571 |
||
37,915,824 |
31,219,374 |
Other Assets Security Deposits |
224,983 |
158,410 |
Certificates of Deposit |
504,520 |
– |
Intangible Assets , Net |
4,120,431 |
4,285,045 |
4,849,934 |
4,443,455 |
|
Liabilities And Stockholders ’ Equity Current Liabilities
Current Maturities On Long-Term Debt
|
$ |
– |
$ |
690,979 |
Accounts Payable |
6,533,574 |
6,944,607 |
||
Billings In Excess Of Costs & Estimated Earnings |
230,935 |
271,993 |
||
Accrued Expenses |
6,014,534 |
5,580,642 |
||
Unearned Maintenance Contract Revenue |
4,236,610 |
3,657,644 |
||
17,015,653 |
17,145,865 |
|||
Long-Term Portion of Unearned System Support Revenue |
1,972,313 |
495,063 |
||
Equity Common Stock |
386 |
386 |
||
Additional Paid In Capital |
2,034,342 |
2,034,342 |
||
Retained Earnings |
36,729,599 |
30,485,403 |
||
38,764,327 |
32,520,131 |
|||
Less : Treasury Stock |
( 12,489,870 ) |
( 12,489,870 ) |
||
Total Equity |
26,274,457 |
20,030,261 |
||
$ 45,262,423 |
$ |
37,671,189 |
||
|
Key Financial Metrics MARCH 31 , 2013 and 2012
Liquidity
|
2013 |
2012 |
|||
Working Capital In Dollars |
$ |
20,900,171 |
$ |
14,073,509 |
|
Current Ratio |
2.2 to 1.0 |
1.8 to 1.0 |
|||
Accounts Receivable In Days |
55 Days |
58 Days |
|||
Accounts Payable In Days |
25 Days |
27 Days |
|||
Inventory Turnover |
75 Times |
77 Times |
|||
Capital Structure Debt to Tangible Net Worth |
0.9 to 1.0 |
1.1 to 1.0 |
|||
Debt to Equity |
0.7 to 1.0 |
0.9 to 1.0 |
|||
Pre-Approved Bonding Capacity Single Job |
$ |
5,000,000 |
$ |
5,000,000 |
|
Aggregate |
$ 15,000,000 |
$ 15,000,000 |
|||