PowerComm 10-Q 9 Nov 17 2017 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2017	Nov. 07, 2017
Document And Entity Information
Entity Registrant Name	PowerComm Holdings Inc.
Entity Central Index Key	1,634,424
Document Type	10-Q
Trading Symbol	PCC
Document Period End Date	Jun. 30, 2017
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity a Well-known Seasoned Issuer	No
Entity a Voluntary Filer	No
Entity's Reporting Status Current	Yes
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		23,330,000
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2,017

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)		Jun. 30, 2017	Dec. 31, 2016
Current Assets
Cash and cash equivalents		$ 212,455	$ 49,744	[1]
Accounts Receivable, net		350,562	63,201	[1]
Prepaid expenses		86,658	108,942	[1]
Total Current Assets		649,675	221,887	[1]
Furniture, fixture, and equipment, net		677,175	663,631	[1]
Other		1,750		[1]
TOTAL ASSETS		1,328,600	885,518	[1]
Current Liabilities
Short-term loan		608,066	615,176	[1]
Long-term debt, current		121,738	104,974	[1]
Accounts payable and accrued expenses		291,249	233,646	[1]
Due to related party		185,004	53,133	[1]
Other current liabilities		185,745	29,070	[1]
Total current liabilities		1,391,802	1,035,999	[1]
Other Liabilities	[1]		86,449
Long-term debt		337,672	300,156	[1]
Total Liabilities		1,729,474	1,422,604	[1]
Stockholder's Equity
Series A Preferred stock ($0.0001 par value, 20,000,000 shares authorized; 1,000 and none outstanding as of June 30, 2017 and December 31, 2016, respectively)				[1]
Common stock ($0.0001 par value, 100,000,000 shares authorized; 23,300,000 and 20,700,000 outstanding as of June 30, 2017 and December 31, 2016, respectively)		2,333	2,070	[1]
Discount on common stock		(2,333)	(2,050)	[1]
Subscriptions received in advance			45,000	[1]
Additional paid-in capital		133,118	1,538	[1]
Retained Earnings (Accumulated deficit)		(533,992)	(583,644)	[1]
Total Stockholders' (Deficit) Equity		(400,874)	(537,086)	[1]
Total Liabilities and Stockholder's (Deficit) Equity		$ 1,328,600	$ 885,518	[1]
[1]	Derived from audited information.

CONDENSED CONSOLIDATED BALANCE3

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) - $ / shares	Jun. 30, 2017	Dec. 31, 2016
Statement of Financial Position [Abstract]
Preferred stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Preferred stock, authorized	20,000,000	20,000,000
Preferred stock, outstanding	1,000
Common stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Common stock, authorized	100,000,000	100,000,000
Common stock, outstanding	23,330,000	20,700,000

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Income Statement [Abstract]
Net Revenue	$ 1,624,630	$ 748,120	$ 2,632,978	$ 1,290,450
Cost of Revenue	(866,064)	(486,278)	(1,538,596)	(838,792)
Gross Profit	758,566	261,842	1,094,382	451,658
Salaries and Wages	(92,301)	(80,351)	(216,359)	(155,866)
Stock based compensation	(131,560)		(131,560)
General and Administrative Expense	(276,759)	(244,249)	(652,652)	(508,735)
Total Operating Expense	(500,620)	(324,600)	(1,000,571)	(664,601)
Operating Income (loss)	257,946	(62,758)	93,811	(212,943)
Other Income (Expense)
Interest Expense	(28,161)	(14,240)	(44,159)	(21,340)
Other Income (Expense) net
Total Other Income (Expense)	(28,161)	(14,240)	(44,159)	(21,340)
Income (loss) from operations before income tax	229,785	(76,998)	49,652	(234,283)
Net Income (Loss)	$ 229,785	$ (76,998)	$ 49,652	$ (234,283)
Loss per share - basic and diluted (in dollars per share)	$ 0.01	$ 0	$ 0	$ (0.01)
Weighted average common shares outstanding - basic and diluted (in shares)	22,983,187	20,500,000	21,847,901	20,500,000

CONDENSED CONSOLIDATED STATEME5

CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Cash Flow from Operating Activities
Net Income	$ 49,652	$ (234,283)
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Depreciation and amortization	105,936	62,443
Stock based compensation	131,560
Changes in operating assets and liabilities:
Change in current assets	(265,077)	196,124
Change in current liabilities	110,339	(131,220)
Net cash provided by (used in) operating activities	132,410	(106,936)
Cash Flow from Investing Activities
Equipment purchase	(7,689)	(22,292)
Other	(1,750)
Net cash used in investing activities	(9,439)	(22,292)
Cash Flow from Financing Activities
Net proceeds from loans	17,490	156,621
Net proceeds from payable to related party	86,871
Loan payment	(64,621)	(26,793)
Net cash provided by financing activities	39,740	129,828
Net Cash increase for the period	162,711	600
Cash, beginning of period	49,744	16,439
Cash, end of period	212,455	17,039
Supplemental Disclosures:
Interest	44,160	21,340
Taxes
Non-cash investing activities:
PP&E funded by notes/capital leases	$ 111,791	$ 291,630

NATURE OF OPERATIONS

NATURE OF OPERATIONS	6 Months Ended
	Jun. 30, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
NATURE OF OPERATIONS	1. NATURE OF OPERATIONS The Company was incorporated in the State of Delaware on January 12, 2015, and was formerly known as White Grotto Acquisition Corporation (“White Grotto” or “White Grotto Acquisition”). On September 14, 2015, the Company implemented a change of control by issuing shares to new shareholders, redeeming shares of existing shareholders, electing new officers and directors and accepting the resignations of its then existing officers and directors. In connection with the change of control, the shareholders of the Company and its board of directors unanimously approved the change of the Company’s name from White Grotto Acquisition Corporation to PowerComm Holdings, Inc. On November 15, 2016, the Company entered into a merger agreement (the “Acquisition”) with PowerComm Construction, Inc., a Virginia corporation (“PCC”). The current business of PCC is in electric utility, fiber optic, and telecommunications construction and maintenance services. PCC installs, connects and services the energy and communications sectors. Pursuant to the Acquisition, the Company has acquired the business plan, operations and contracts of its now wholly-owned subsidiary, PowerComm Construction, Inc. (“PCC” or “PowerComm Construction”). Prior to the current quarter, the Company reported its results on a going concern basis. This reporting was required as up to that period, the Company had operated at a loss for the prior few years, with revenue decreasing from approximately $3.5 million on an annual basis in the year ended December 31, 2014 to approximately $2.9 million for the year ended December 31, 2016. In addition, the Company had a working capital deficit as of December 31, 2016 of approximately $0.8 million with a cash position of approximately $50,000. During the current quarter, the Company has been able to increase its revenues with its primary customer to such an extent that the Company no longer believes it operates under a going concern. In the three months ended June 30, 2017, the Company was able to generate substantially increased revenues of approximately $1.6 million with profits from operations of approximately $258,000, which generated a net profit for the six months ended June 30, 2017 of approximately $50,000. As of June 30, 2017, the Company has reduced its working capital deficit to $.7 million and increased its cash position to approximately $212,000. In addition, during the six months ended June 30, 2017, the Company was able to generate funds from operations in excess of its capital expenditures of approximately $123,000. In 2017, the Company’s primary customer completed its merger with Exelon, Inc. (survivor of the merger) and the Company has been notified that it is now a preferred vendor with Exelon, Inc. nationally. Given the additional contracts the Company has obtained and the additional contracts the Company is currently bidding upon with its primary customer, the Company believes that it will to continue to substantially increase its revenue base and its profitability in the upcoming quarters into 2018 and 2019 at a minimum.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING PRACTICES	6 Months Ended
	Jun. 30, 2017
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING PRACTICES	2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of presentation: The summary of significant accounting policies presented below is designed to assist in understanding the Company’s consolidated financial statements. Such consolidated financial statements and accompanying notes are the representations of the Company’s management, who are responsible for their integrity and objectivity. These accounting policies conform to accounting principles generally accepted in the United States of America (“GAAP”) in all material respects, and have been consistently applied in preparing the accompanying consolidated financial statements. The condensed consolidated balance sheet as of June 30, 2017 and the condensed consolidated statements of operations and cash flows for the six-month period ended June 30, 2017 and 2016 have been prepared by the Company without audit. The condensed consolidated balance sheet as of December 31, 2016 has been derived from the audited financial statements as of that date, but does not include all required year-end disclosures. In the opinion of management, such statements include all adjustments considered necessary to present fairly the Company’s financial position as of June 30, 2017 and December 31, 2016, and its results of operations and cash flows for all periods presented. These condensed consolidated financial statements should be read in conjunction with the audited financial statements and the notes thereto included in the Form 10-K filed by the Company on November 14, 2017. The accompanying unaudited condensed consolidated financial statements are prepared in accordance with U.S. generally accepted accounting principles (U.S. GAAP) for interim financial information and with the instructions to Form 10-Q and Article 8 of Regulation S-X. Accordingly, they do not include all information and footnotes required by U.S. GAAP for complete financial statements. Operating results for the six months ended June 30, 2017 are not necessarily indicative of the results that may be expected for the fiscal year ending December 31, 2017. Use of estimates and assumptions: The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates .and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements, and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates. Cash and cash equivalents: The Company considers all cash on hand and in banks, certificates of deposit and other highly-liquid investments with original maturities of three months or less, when purchased, to be cash and cash equivalents. As of June 30, 2017, and 2016, the Company had no uninsured deposits in banks respectively. Accounts receivable: Accounts receivable are recorded at net realizable value consisting of the carrying amount less allowance for doubtful accounts, as needed. We assess the collectability of accounts receivable based primarily upon the creditworthiness of the customer as determined by credit checks and analysis, as well as the customer’s payment history. Management reviews the composition of accounts receivable and analyzes historical bad debts, customer concentrations, customer credit worthiness, current economic trends, and changes in customer payment patterns to evaluate the adequacy of these reserves. While management uses the best information available upon which to base estimates, future adjustments to the allowance may be necessary if economic conditions differ substantially from the assumptions used for the purposes of analysis. As of June 30, 2017 and 2016, the Company had no assessed allowance for doubtful accounts respectively. Fixed assets: Fixed assets consist of computers, furniture and fixtures, machinery and equipment, and trucks and vehicles. They are stated at cost less accumulated depreciation. Expenditures for maintenance and repairs are charged to earnings as incurred; additions, renewals and betterments are capitalized. When property and equipment are retired or otherwise disposed of, the related cost and accumulated depreciation are removed from the respective accounts, and any gain or loss is included in operations. Depreciation is computed primarily using the straight-line method over the estimated useful lives of the assets as follows: Useful Life (in years) Computers 5 Office Furniture and Fixtures 7 Machinery and Equipment 7 Trucks and Vehicles 5 The Company applies the provisions of FASB ASC Topic 360 (ASC 360), “Property, Plant, and Equipment” which addresses financial accounting and reporting for the impairment or disposal of long-lived assets. The Company periodically evaluates the carrying value of long-lived assets to be held and used in accordance with ASC 360, at least on an annual basis. ASC 360 requires the impairment losses to be recorded on long-lived assets used in operations when indicators of impairment are present and the undiscounted cash flows estimated to be generated by those assets are less than the assets’ carrying amounts. In that event, a loss is recognized based on the amount by which the carrying amount exceeds the fair market value of the long-lived assets. Loss on long-lived assets to be disposed of is determined in a similar manner, except that fair market values are reduced for the cost of disposal. For the six months ended June 30, 2017 and six months ended June 30, 2016, there was no impairment of long-lived assets recorded. Revenue recognition The Company performs underground and overhead utility services primarily in the southeastern region of the United States for utility companies. The Company’s work is performed under cost-plus-fee contracts. The length of the Company’s contracts varies, but are typically two to three years. Revenues are recognized on the accrual basis as services are performed. The Company recognizes service revenue in accordance with GAAP when the following overall fundamental criteria are met: (i) persuasive evidence of an arrangement exists, (ii) delivery has occurred or the service has been performed, (iii) the Company’s price to the customer is fixed or determinable, and (iv) collection of the resulting accounts receivable is reasonably assured. During the six months ended June 30, 2017 and six months ended June 30, 2016, the Company recognized revenue when the above four criteria were met. The Company’s policy is to invoice its customers and record revenues upon receipt from the customer acceptance of all the work performed in accordance with its requirements at the time of invoicing. Because of this, the Company to date has never had a customer demand re-work performed that the customer did not accept further billing for. Cost of revenue: Costs of revenue include all direct materials, labor costs, equipment and those indirect costs, including depreciation of machinery and equipment, trucks and vehicles, and indirect labor, supplies, tools, repairs and miscellaneous job costs. Changes in job performance, job conditions and estimated profitability, may result in revisions to costs and income and are recognized in the period in which the revisions are determined.

ACCOUNTS RECEIVABLE

ACCOUNTS RECEIVABLE	6 Months Ended
	Jun. 30, 2017
Receivables [Abstract]
ACCOUNTS RECEIVABLE	3. ACCOUNTS RECEIVABLE Accounts receivable consist of the following: June 30, June 30, 2017 2016 Contract receivables $ 350,562 $ 190,008 Total contract receivables are expected to be collected within one year, and there is no provision for allowance for doubtful accounts.

FIXED ASSETS - PROPERTY, PLANT

FIXED ASSETS - PROPERTY, PLANT AND EQUIPMENT, NET	6 Months Ended
	Jun. 30, 2017
Property, Plant and Equipment [Abstract]
FIXED ASSETS - PROPERTY, PLANT AND EQUIPMENT, NET	4. FIXED ASSETS – PROPERTY, PLANT AND EQUIPMENT, NET Fixed assets consist of the following: June 30, June 30, 2017 2016 Vehicles $ 1,732,054 $ 1,532,355 Machinery and equipment 528,400 570,635 Office furniture and fixtures 103,686 103,686 Computer and software 25,201 25,201 $ 2,389,341 $ 2,231,877 Less: Accumulated depreciation (1,712,166 ) (1,475,430 ) Total property, plant and equipment, net $ 677,175 $ 756,447

BANK LOANS

BANK LOANS	6 Months Ended
	Jun. 30, 2017
Debt Disclosure [Abstract]
BANK LOANS	5. BANK LOANS Short-term loan Short-term loan represents borrowings from commercial banks due within one year. The short-term loan consists of the following: June 30, June 30, 2017 2016 $450,000 Line of Credit with Burke & Herbert Bank, interest rate at 4.5% annum, renewed annually, due on demand. $ 413,970 $ 433,808 $200,000 Line of Credit with Suntrust Bank, interest rate at 9.5% annum, renewed annually, due on demand. 194,096 180,987 Total $ 608,066 $ 614,795 Interest expense for the six months ended June 30, 2017 and June 30, 2016 amounted to $44,159 and $21,340 respectively. Long-term debt Long-term debt consists of the following: June 30, June 30, 2017 2016 Note payable to Ally Financial Inc, maturing May 2020, monthly payments of $666. 21,169 27,722 Note payable to Ally Financial Inc, maturing April 2021, monthly payments of $786. 36,143 — Note payable to Ally Financial Inc, maturing May 2020, monthly payments of $528. 16,871 21,973 Note payable to Ally Financial Inc, maturing May 2020, monthly payments of $528. 16,871 21,973 Note payable to Ally Financial Inc, maturing April 2020, monthly payments of $529. 16,835 22,062 Note payable to Burke & Herbert Bank, maturing June 2019, monthly payments of $520. 11,349 16,030 Note payable to Toyota Financial Services, maturing September 2017, monthly payments of $400 1,266 5,463 Note payable to Burke & Herbert Bank, maturing June 2017, monthly payments of $320. — 3,394 Note payable to Burke & Herbert Bank, maturing August 2016, monthly payments of $556. — 881 Note payable to Ally Financial Inc, maturing March 2022, monthly payments of $809.63. 38,937 — Note payable to Chrysler Capital, maturing February 2017, monthly payments of $250 — 1,005 Note payable to John Deere Financial, maturing January 2021, monthly payments of $2,789 117,928 152,892 Note payable to Ford Motor Credit, maturing April 2021, monthly payments of $1,431 57,370 70,740 Note payable to Ford Motor Credit, maturing April 2021, monthly payments of $1,431 57,370 70,740 Note payable to Ford Motor Credit, maturing May 2022, monthly payments of $928 46,347 — Note payable to GMC Bucket Truck, maturing April 2020, monthly payments of $690 20,954 $ 459,410 $ 414,875 Current portion (121,738 ) (95,886 ) Total $ 337,672 $ 318,989 All notes are secured by the Company’s vehicles. The obligation under long-term debt is as follows: As of June 30, Amount 2018 $ 121,738 2019 125,234 2020 122,118 2021 75,239 2022 15,081 Thereafter — Total $ 459,410

STOCKHOLDERS' EQUITY

STOCKHOLDERS' EQUITY	6 Months Ended
	Jun. 30, 2017
Equity [Abstract]
STOCKHOLDERS' EQUITY	6. STOCKHOLDER’S EQUITY In the six months ended June 30, 2017, the Company designated 1,000 shares of preferred stock as Series A. The Series A Preferred Shares carry no dividend and no liquation rights, but so long as 1 share of Series A remains outstanding, the Series A class is provided with the right to vote as a class having the equivalent of 51% of the total vote outstanding. In addition, the Series A class is allowed to vote on all shareholder matters. Changes to provisions of the Series A Preferred Shares require an affirmative vote of at least 60% of the Series A shareholders. In April 2017, the board of directors of the Company authorized the issuance of 1,000 shares of Series A Preferred Stock to its CEO. The Company valued these shares at a 20% control premium to its common shares (see valuation below) As of December 31, 2016, and December 31, 2015, 20,700,000 and 20,500,000 shares of common stock and no preferred stock were issued and outstanding, respectively. As of June 30, 2017, the Company has 1,000 shares of Series A Preferred Stock and 23,330,000 shares of its common stock outstanding. In April 2017, the board of directors of the Company authorized the issuance of a private placement of the Company’s common stock in which the Company sold 160,000 shares of its common stock for gross proceeds of $160. The Company has accounted for this issuance at the price per share determined from its issuance of common shares (described below) to certain vendors for services provided of $0.05 per share, and has recorded total cost for this issuance of $8,000. In April 2017, the board of directors of the Company authorized the issuance of 2,470,000 shares of its common stock to certain employees and non-employees. The Company determined the value of the common shares based on the non-employee shares issued at the cost of the services provided of $0.05 per common share. The Company recorded compensation cost of $123,500 for these issuances. On November 15, 2016, the Company, entered into a stock-for-stock acquisition agreement (the “Acquisition Agreement”) with PowerComm Construction, Inc., a private company organized under the laws of the Commonwealth of Virginia (“PCC”). Under the Acquisition Agreement, the Company issued to PCC 200,000 shares of its common stock, valued at $0.001 per share, in exchange for all of the issued and outstanding stock of PCC to complete the share exchange and restructuring of entities under common control. Mr. David Kwasnik, who is the officer, director and majority shareholder of the Company, was the sole shareholder of PCC prior to the acquisition. The Company has accounted for the acquisition of PowerComm Construction, Inc. by PowerComm Holdings, Inc. as a recapitalization and not as a business combination, in which PCC has re-domiciled itself to Delaware from Virginia. In certain circumstances, the ownership of both entities could trigger reporting under the consolidation provisions prior to the recapitalization under related party and variable interest entity requirements, however, in this instance, because PCH was truly a public shell, as defined by the Securities and Exchange Commission, management believes that recapitalization accounting presents the most accurate and appropriate accounting for this transaction. In the prior Form 10-Q issued by the Company, the Company reported it had sold 20,000 shares of its common stock for $1 per share. That disclosure was in error. The $20,000 was an advance by an individual that the Company has determined is a related party and is included in the amount shown on the balance sheet as of June 30, 2017 under related party advances (see Note 7). The Company has chosen to not restate its prior quarterly filing as the Company believes the $20,000 liability and not equity is not material.

DUE TO RELATED PARTY

DUE TO RELATED PARTY	6 Months Ended
	Jun. 30, 2017
Related Party Transactions [Abstract]
DUE TO RELATED PARTY	7. DUE TO RELATED PARTY There are two related parties with amounts due from PCC. Mr. Kwasnik has advanced the Company operating capital totaling $85,004, and James Cooper has advanced the Company operating capital of $100,000. The total, $185,004, is unsecured. There is no written agreement, and funds are due on demand with no maturity date, and bearing no interest. The Company has not imputed any interest on the amounts advanced by its related parties during the six months ended June 30, 2017 as it was not deemed material.

CONCENTRATION OF CREDIT RISK

CONCENTRATION OF CREDIT RISK	6 Months Ended
	Jun. 30, 2017
Risks and Uncertainties [Abstract]
CONCENTRATION OF CREDIT RISK	8. CONCENTRATION OF CREDIT RISK Financial instruments that potentially subject the Company to concentration of credit risk consist principally of cash deposits. Accounts at each institution are insured by the Federal Deposit Insurance Corporation (“FDIC”) up to $250,000. As of June 30, 2017, and June 30, 2016, the Company does not have any amounts in excess of the FDIC insured limit. For the six months ended June 30, 2017 and six months ended June 30, 2016, service revenue from Potomac Electric Power Co (“PEPCO”) accounted for 79% and 100% of the Company’s net revenue, respectively.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	6 Months Ended
	Jun. 30, 2017
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	9. COMMITMENTS AND CONTINGENCIES Litigation In April 2014, Gregory Randolf, a former employee of the Company filed a Class Action Labor Lawsuit against the Company in the Maryland District Court. The lawsuit alleges that he and 48 other flaggers of the Company were not paid overtime pay which in Maryland is time and ½. The Company believes that Mr. Randolf’s testimony as to the amount of hours he worked was completely false and that he was correctly paid for the hours he worked per his time slips. As of December 2015, the Company offered $100,000 to settle the case. The Company accrued contingent loss of $100,000 during the year ended December 31, 2014. No additional contingent liability was accrued during the year ended December 31, 2015. On April 28, 2016, the settlement agreement was approved by court and judgment for plaintiffs was entered in the amount of $100,000. On April 29, 2016, the company made payments to plaintiffs in the total amount of $100,000. In May, 2015, the Company filed a complaint against Riverport Insurance Services (“Riverport”) in Circuit Court for Montgomery County, Maryland, for failing to defend a worker’s compensation claim previously filed against the Company. The Company is seeking a declaration from the Court that Riverport owned the Company a duty to defend the subject workers’ compensation claim. The Company seeks recovery of attorneys’ fees and costs incurred in defending against the claim, and attorneys’ fees and costs incurred in litigating the complaint. Trial for this litigation was scheduled for June 2, 2016. On September 14, 2016, a judgment of the litigation against Riverport was entered in favor of the Company in the amount of approximately $45,000. No contingent gain was recorded by the Company as of June 30, 2017.

SUMMARY OF SIGNIFICANT ACCOUN15

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Jun. 30, 2017
Accounting Policies [Abstract]
Basis of presentation	Basis of presentation: The summary of significant accounting policies presented below is designed to assist in understanding the Company’s consolidated financial statements. Such consolidated financial statements and accompanying notes are the representations of the Company’s management, who are responsible for their integrity and objectivity. These accounting policies conform to accounting principles generally accepted in the United States of America (“GAAP”) in all material respects, and have been consistently applied in preparing the accompanying consolidated financial statements. The condensed consolidated balance sheet as of June 30, 2017 and the condensed consolidated statements of operations and cash flows for the six-month period ended June 30, 2017 and 2016 have been prepared by the Company without audit. The condensed consolidated balance sheet as of December 31, 2016 has been derived from the audited financial statements as of that date, but does not include all required year-end disclosures. In the opinion of management, such statements include all adjustments considered necessary to present fairly the Company’s financial position as of June 30, 2017 and December 31, 2016, and its results of operations and cash flows for all periods presented. These condensed consolidated financial statements should be read in conjunction with the audited financial statements and the notes thereto included in the Form 10-K filed by the Company on November 14, 2017. The accompanying unaudited condensed consolidated financial statements are prepared in accordance with U.S. generally accepted accounting principles (U.S. GAAP) for interim financial information and with the instructions to Form 10-Q and Article 8 of Regulation S-X. Accordingly, they do not include all information and footnotes required by U.S. GAAP for complete financial statements. Operating results for the six months ended June 30, 2017 are not necessarily indicative of the results that may be expected for the fiscal year ending December 31, 2017.
Use of estimates and assumptions	Use of estimates and assumptions: The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates .and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements, and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates.
Cash and cash equivalents	Cash and cash equivalents: The Company considers all cash on hand and in banks, certificates of deposit and other highly-liquid investments with original maturities of three months or less, when purchased, to be cash and cash equivalents. As of June 30, 2017, and 2016, the Company had no uninsured deposits in banks respectively.
Accounts receivable	Accounts receivable: Accounts receivable are recorded at net realizable value consisting of the carrying amount less allowance for doubtful accounts, as needed. We assess the collectability of accounts receivable based primarily upon the creditworthiness of the customer as determined by credit checks and analysis, as well as the customer’s payment history. Management reviews the composition of accounts receivable and analyzes historical bad debts, customer concentrations, customer credit worthiness, current economic trends, and changes in customer payment patterns to evaluate the adequacy of these reserves. While management uses the best information available upon which to base estimates, future adjustments to the allowance may be necessary if economic conditions differ substantially from the assumptions used for the purposes of analysis. As of June 30, 2017 and 2016, the Company had no assessed allowance for doubtful accounts respectively.
Fixed assets	Fixed assets: Fixed assets consist of computers, furniture and fixtures, machinery and equipment, and trucks and vehicles. They are stated at cost less accumulated depreciation. Expenditures for maintenance and repairs are charged to earnings as incurred; additions, renewals and betterments are capitalized. When property and equipment are retired or otherwise disposed of, the related cost and accumulated depreciation are removed from the respective accounts, and any gain or loss is included in operations. Depreciation is computed primarily using the straight-line method over the estimated useful lives of the assets as follows: Useful Life (in years) Computers 5 Office Furniture and Fixtures 7 Machinery and Equipment 7 Trucks and Vehicles 5 The Company applies the provisions of FASB ASC Topic 360 (ASC 360), “Property, Plant, and Equipment” which addresses financial accounting and reporting for the impairment or disposal of long-lived assets. The Company periodically evaluates the carrying value of long-lived assets to be held and used in accordance with ASC 360, at least on an annual basis. ASC 360 requires the impairment losses to be recorded on long-lived assets used in operations when indicators of impairment are present and the undiscounted cash flows estimated to be generated by those assets are less than the assets’ carrying amounts. In that event, a loss is recognized based on the amount by which the carrying amount exceeds the fair market value of the long-lived assets. Loss on long-lived assets to be disposed of is determined in a similar manner, except that fair market values are reduced for the cost of disposal. For the six months ended June 30, 2017 and six months ended June 30, 2016, there was no impairment of long-lived assets recorded.
Revenue recognition	Revenue recognition The Company performs underground and overhead utility services primarily in the southeastern region of the United States for utility companies. The Company’s work is performed under cost-plus-fee contracts. The length of the Company’s contracts varies, but are typically two to three years. Revenues are recognized on the accrual basis as services are performed. The Company recognizes service revenue in accordance with GAAP when the following overall fundamental criteria are met: (i) persuasive evidence of an arrangement exists, (ii) delivery has occurred or the service has been performed, (iii) the Company’s price to the customer is fixed or determinable, and (iv) collection of the resulting accounts receivable is reasonably assured. During the six months ended June 30, 2017 and six months ended June 30, 2016, the Company recognized revenue when the above four criteria were met. The Company’s policy is to invoice its customers and record revenues upon receipt from the customer acceptance of all the work performed in accordance with its requirements at the time of invoicing. Because of this, the Company to date has never had a customer demand re-work performed that the customer did not accept further billing for.
Cost of revenue	Cost of revenue: Costs of revenue include all direct materials, labor costs, equipment and those indirect costs, including depreciation of machinery and equipment, trucks and vehicles, and indirect labor, supplies, tools, repairs and miscellaneous job costs. Changes in job performance, job conditions and estimated profitability, may result in revisions to costs and income and are recognized in the period in which the revisions are determined.

SUMMARY OF SIGNIFICANT ACCOUN16

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	6 Months Ended
	Jun. 30, 2017
Accounting Policies [Abstract]
Schedule of estimated useful lives of assets	Depreciation is computed primarily using the straight-line method over the estimated useful lives of the assets as follows: Useful Life (in years) Computers 5 Office Furniture and Fixtures 7 Machinery and Equipment 7 Trucks and Vehicles 5

ACCOUNTS RECEIVABLE (Tables)

ACCOUNTS RECEIVABLE (Tables)	6 Months Ended
	Jun. 30, 2017
Receivables [Abstract]
Schedule of accounts receivable	Accounts receivable consist of the following: June 30, June 30, 2017 2016 Contract receivables $ 350,562 $ 190,008

FIXED ASSETS - PROPERTY, PLAN18

FIXED ASSETS - PROPERTY, PLANT AND EQUIPMENT, NET (Tables)	6 Months Ended
	Jun. 30, 2017
Property, Plant and Equipment [Abstract]
Schedule of fixed assets	Fixed assets consist of the following: June 30, June 30, 2017 2016 Vehicles $ 1,732,054 $ 1,532,355 Machinery and equipment 528,400 570,635 Office furniture and fixtures 103,686 103,686 Computer and software 25,201 25,201 $ 2,389,341 $ 2,231,877 Less: Accumulated depreciation (1,712,166 ) (1,475,430 ) Total property, plant and equipment, net $ 677,175 $ 756,447

BANK LOANS (Tables)

BANK LOANS (Tables)	6 Months Ended
	Jun. 30, 2017
Debt Disclosure [Abstract]
Schedule of short-term loan	Short-term loan represents borrowings from commercial banks due within one year. The short-term loan consists of the following: June 30, June 30, 2017 2016 $450,000 Line of Credit with Burke & Herbert Bank, interest rate at 4.5% annum, renewed annually, due on demand. $ 413,970 $ 433,808 $200,000 Line of Credit with Suntrust Bank, interest rate at 9.5% annum, renewed annually, due on demand. 194,096 180,987 Total $ 608,066 $ 614,795
Schedule of Long-term debt	Long-term debt consists of the following: June 30, June 30, 2017 2016 Note payable to Ally Financial Inc, maturing May 2020, monthly payments of $666. 21,169 27,722 Note payable to Ally Financial Inc, maturing April 2021, monthly payments of $786. 36,143 — Note payable to Ally Financial Inc, maturing May 2020, monthly payments of $528. 16,871 21,973 Note payable to Ally Financial Inc, maturing May 2020, monthly payments of $528. 16,871 21,973 Note payable to Ally Financial Inc, maturing April 2020, monthly payments of $529. 16,835 22,062 Note payable to Burke & Herbert Bank, maturing June 2019, monthly payments of $520. 11,349 16,030 Note payable to Toyota Financial Services, maturing September 2017, monthly payments of $400 1,266 5,463 Note payable to Burke & Herbert Bank, maturing June 2017, monthly payments of $320. — 3,394 Note payable to Burke & Herbert Bank, maturing August 2016, monthly payments of $556. — 881 Note payable to Ally Financial Inc, maturing March 2022, monthly payments of $809.63. 38,937 — Note payable to Chrysler Capital, maturing February 2017, monthly payments of $250 — 1,005 Note payable to John Deere Financial, maturing January 2021, monthly payments of $2,789 117,928 152,892 Note payable to Ford Motor Credit, maturing April 2021, monthly payments of $1,431 57,370 70,740 Note payable to Ford Motor Credit, maturing April 2021, monthly payments of $1,431 57,370 70,740 Note payable to Ford Motor Credit, maturing May 2022, monthly payments of $928 46,347 — Note payable to GMC Bucket Truck, maturing April 2020, monthly payments of $690 20,954 $ 459,410 $ 414,875 Current portion (121,738 ) (95,886 ) Total $ 337,672 $ 318,989
Schedule of future obligations under bank loans	All notes are secured by the Company’s vehicles. The obligation under long-term debt is as follows: As of June 30, Amount 2018 $ 121,738 2019 125,234 2020 122,118 2021 75,239 2022 15,081 Thereafter — Total $ 459,410

NATURE OF OPERATIONS (Details N

NATURE OF OPERATIONS (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016	Dec. 31, 2016		Dec. 31, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Cash balance	$ 212,455		$ 212,455		$ 49,744	[1]
Working capital deficit	70,000		70,000		800,000
Net Revenue	1,624,630	$ 748,120	2,632,978	$ 1,290,450	$ 2,900,000		$ 3,500,000
Operating Income (loss)	257,946	(62,758)	93,811	(212,943)
Net Income (Loss)	$ 229,785	$ (76,998)	49,652	$ (234,283)
Funds from operations in excess of capital			$ 123,000
[1]	Derived from audited information.

SUMMARY OF SIGNIFICANT ACCOUN21

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details)	6 Months Ended
	Jun. 30, 2017
Computer [Member]
Estimated useful lives	5 years
Office Furniture and Fixtures [Member]
Estimated useful lives	7 years
Machinery and Equipment [Member]
Estimated useful lives	7 years
Trucks and Vehicles [Member]
Estimated useful lives	5 years

ACCOUNTS RECEIVABLE (Details)

ACCOUNTS RECEIVABLE (Details) - USD ($)	Jun. 30, 2017	Dec. 31, 2016		Jun. 30, 2016
Receivables [Abstract]
Contract receivables	$ 350,562	$ 63,201	[1]	$ 190,008
[1]	Derived from audited information.

FIXED ASSETS - PROPERTY, PLAN23

FIXED ASSETS - PROPERTY, PLANT AND EQUIPMENT, NET (Details) - USD ($)	Jun. 30, 2017	Dec. 31, 2016	[1]	Jun. 30, 2016
Property, Plant and Equipment [Line Items]
Total property, plant and equipment, gross	$ 2,389,341			$ 2,231,877
Less: Accumulated depreciation	(1,712,166)			(1,475,430)
Total property, plant and equipment, net	677,175	$ 663,631		756,447
Vehicles [Member]
Property, Plant and Equipment [Line Items]
Total property, plant and equipment, gross	1,732,054			1,532,355
Machinery and Equipment [Member]
Property, Plant and Equipment [Line Items]
Total property, plant and equipment, gross	528,400			570,635
Office Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Total property, plant and equipment, gross	103,686			103,686
Computer [Member]
Property, Plant and Equipment [Line Items]
Total property, plant and equipment, gross	$ 25,201			$ 25,201
[1]	Derived from audited information.

BANK LOANS (Details)

BANK LOANS (Details) - USD ($)	Jun. 30, 2017	Dec. 31, 2016	[1]	Jun. 30, 2016
Debt Instrument [Line Items]
Total	$ 608,066	$ 615,176		$ 614,795
Line of Credit [Member] | Burke & Herbert Bank [Member]
Debt Instrument [Line Items]
Total	413,970			433,808
Line of Credit [Member] | Suntrust Bank [Member]
Debt Instrument [Line Items]
Total	$ 194,096			$ 180,987
[1]	Derived from audited information.

BANK LOANS (Details 1)

BANK LOANS (Details 1) - USD ($)	Jun. 30, 2017	Dec. 31, 2016	[1]	Jun. 30, 2016
Debt Instrument [Line Items]
Gross	$ 459,410			$ 414,875
Current Portion	(121,738)			(95,886)
Total	337,672	$ 300,156		318,989
Note payable Due on May 2020 [Member] | Ally Financial Inc [Member]
Debt Instrument [Line Items]
Gross	21,169			27,722
Note payable Due on April 2021 [Member] | Ally Financial Inc [Member]
Debt Instrument [Line Items]
Gross	36,143
Note payable Due on May 2020 [Member] | Ally Financial Inc [Member]
Debt Instrument [Line Items]
Gross	16,871			21,973
Note payable Due on May 2020 [Member] | Ally Financial Inc [Member]
Debt Instrument [Line Items]
Gross	16,871			21,973
Note payable Due on April 2020 [Member] | Ally Financial Inc [Member]
Debt Instrument [Line Items]
Gross	16,835			22,062
Note payable Due on June 2019 [Member] | Burke & Herbert Bank [Member]
Debt Instrument [Line Items]
Gross	11,349			16,030
Note payable Due on September 2017 [Member] | Toyota Financial Services [Member]
Debt Instrument [Line Items]
Gross	1,266			5,463
Note payable Due on June 2017 [Member] | Burke & Herbert Bank [Member]
Debt Instrument [Line Items]
Gross				3,394
Note payable Due on August 2016 [Member] | Burke & Herbert Bank [Member]
Debt Instrument [Line Items]
Gross				881
Note payable Due on March 2022 [Member] | Ally Financial Inc [Member]
Debt Instrument [Line Items]
Gross	38,937
Note payable Due on February 2017 [Member] | Chrysler Capital [Member]
Debt Instrument [Line Items]
Gross				1,005
Note payable Due on January 2021 [Member] | John Deere Financial [Member]
Debt Instrument [Line Items]
Gross	117,928			152,892
Note payable Due on April 2021 [Member] | Ford Motor Credit [Member]
Debt Instrument [Line Items]
Gross	57,370			70,740
Note payable Due on April 2021 [Member] | Ford Motor Credit [Member]
Debt Instrument [Line Items]
Gross	57,370			70,740
Note payable Due on May 2022 [Member] | Ford Motor Credit [Member]
Debt Instrument [Line Items]
Gross	46,347
Note payable Due on April 2020 [Member] | GMC Bucket Truck [Member]
Debt Instrument [Line Items]
Gross	$ 20,954
[1]	Derived from audited information.

BANK LOANS (Details 2)

BANK LOANS (Details 2) - USD ($)	Jun. 30, 2017	Jun. 30, 2016
Debt Disclosure [Abstract]
2,018	$ 121,738
2,019	125,234
2,020	122,118
2,021	75,239
2,022	15,081
Thereafter
Total	$ 459,410	$ 414,875

BANK LOANS (Details Narrative)

BANK LOANS (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Debt Instrument [Line Items]
Interest expense	$ 28,161	$ 14,240	$ 44,159	$ 21,340
Burke & Herbert Bank [Member] | Note payable Due on June 2019 [Member]
Debt Instrument [Line Items]
Amount of monthly payments			$ 520
Maturity date			2019-06
Burke & Herbert Bank [Member] | Note payable Due on June 2017 [Member]
Debt Instrument [Line Items]
Amount of monthly payments			$ 320
Maturity date			2017-06
Burke & Herbert Bank [Member] | Note payable Due on August 2016 [Member]
Debt Instrument [Line Items]
Amount of monthly payments			$ 556
Maturity date			2016-08
Ally Financial Inc [Member] | Note payable Due on May 2020 [Member]
Debt Instrument [Line Items]
Amount of monthly payments			$ 666
Maturity date			2020-05
Ally Financial Inc [Member] | Note payable Due on April 2021 [Member]
Debt Instrument [Line Items]
Amount of monthly payments			$ 786
Maturity date			2021-04
Ally Financial Inc [Member] | Note payable Due on May 2020 [Member]
Debt Instrument [Line Items]
Amount of monthly payments			$ 528
Maturity date			2020-05
Ally Financial Inc [Member] | Note payable Due on May 2020 [Member]
Debt Instrument [Line Items]
Amount of monthly payments			$ 528
Maturity date			2020-05
Ally Financial Inc [Member] | Note payable Due on April 2020 [Member]
Debt Instrument [Line Items]
Amount of monthly payments			$ 529
Maturity date			2020-04
Ally Financial Inc [Member] | Note payable Due on March 2022 [Member]
Debt Instrument [Line Items]
Amount of monthly payments			$ 810
Maturity date			2022-03
Toyota Financial Services [Member] | Note payable Due on September 2017 [Member]
Debt Instrument [Line Items]
Amount of monthly payments			$ 400
Maturity date			2017-09
Chrysler Capital [Member] | Note payable Due on February 2017 [Member]
Debt Instrument [Line Items]
Amount of monthly payments			$ 250
Maturity date			2017-02
John Deere Financial [Member] | Note payable Due on January 2021 [Member]
Debt Instrument [Line Items]
Amount of monthly payments			$ 2,789
Maturity date			2021-01
Ford Motor Credit [Member] | Note payable Due on April 2021 [Member]
Debt Instrument [Line Items]
Amount of monthly payments			$ 1,431
Maturity date			2021-04
Ford Motor Credit [Member] | Note payable Due on April 2021 [Member]
Debt Instrument [Line Items]
Amount of monthly payments			$ 1,431
Maturity date			2021-04
Ford Motor Credit [Member] | Note payable Due on May 2022 [Member]
Debt Instrument [Line Items]
Amount of monthly payments			$ 928
Maturity date			2022-05
GMC Bucket Truck [Member] | Note payable Due on April 2020 [Member]
Debt Instrument [Line Items]
Amount of monthly payments			$ 690
Maturity date			2020-04
Line of Credit [Member] | Burke & Herbert Bank [Member]
Debt Instrument [Line Items]
Face amount	450,000		$ 450,000
Interest rate			4.50%
Description of payment term			Renewed annually, due on demand
Line of Credit [Member] | Suntrust Bank [Member]
Debt Instrument [Line Items]
Face amount	$ 200,000		$ 200,000
Interest rate			9.50%
Description of payment term			Renewed annually, due on demand

STOCKHOLDERS' EQUITY (Details N

STOCKHOLDERS' EQUITY (Details Narrative) - USD ($)	Jan. 11, 2017	Nov. 15, 2016	Apr. 30, 2017	Jun. 30, 2017	Dec. 31, 2016		Dec. 31, 2015
Class of Stock [Line Items]
Common stock, issued					20,700,000		20,500,000
Common stock, outstanding				23,330,000	20,700,000		20,500,000
Preferred stock. issued
Preferred stock, outstanding				1,000
Due to related party				$ 185,004	$ 53,133	[1]
Investor [Member]
Class of Stock [Line Items]
Number of shares issued	20,000
Share issued, price (in dollars per share)	$ 1
Due to related party				$ 20,000
Stock-for-Stock Acquisition Agreement [Member] | PowerComm Construction, Inc. [Member]
Class of Stock [Line Items]
Number of shares issued for aquisition		200,000
Share price (in dollars per share)		$ 0.001
Private Placement [Member]
Class of Stock [Line Items]
Number of shares issued for services			160,000
Proceeds from issuance of common stock			$ 160
Share issued, price (in dollars per share)			$ 0.05
Stock issuance costs			$ 8,000
Employees and Non-employees [Member]
Class of Stock [Line Items]
Number of shares issued for services			2,470,000
Share issued, price (in dollars per share)			$ 0.05
Stock issuance costs			$ 123,500
Series A Preferred Stock [Member]
Class of Stock [Line Items]
Number of shares designated				1,000
Description of voting rights				Carry no dividend and no liquation rights, but so long as 1 share of Series A remains outstanding, the Series A class is provided with the right to vote as a class having the equivalent of 51% of the total vote outstanding. In addition, the Series A class is allowed to vote on all shareholder matters. Changes to provisions of the Series A Preferred Shares require an affirmative vote of at least 60% of the Series A shareholders.
Series A Preferred Stock [Member] | David Kwasnik [Member]
Class of Stock [Line Items]
Number of shares issued			1,000
Percentage of control premium			20.00%
[1]	Derived from audited information.

DUE TO RELATED PARTY (Details N

DUE TO RELATED PARTY (Details Narrative) - USD ($)	6 Months Ended
	Jun. 30, 2017	Dec. 31, 2016	[1]
Related Party Transaction [Line Items]
Gross proceeds from related party	$ 86,871
Total amount due to related party	100,000
Due to related party	185,004	$ 53,133
Mr. David L. Kwasnik [Member]
Related Party Transaction [Line Items]
Gross proceeds from related party	$ 85,004
[1]	Derived from audited information.

CONCENTRATION OF CREDIT RISK (D

CONCENTRATION OF CREDIT RISK (Details Narrative) - USD ($)	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Concentration Risk [Line Items]
FDIC insured amount	$ 250,000
Customer Concentration Risk [Member] | Service Revenue [Member] | Potomac Electric Power Co [Member]
Concentration Risk [Line Items]
Concentration risk	79.00%	100.00%

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details Narrative) - Settled Litigation [Member] - USD ($)	Sep. 14, 2016	Apr. 29, 2016	Apr. 28, 2016	Dec. 31, 2015	May 31, 2015	Apr. 30, 2014	Dec. 31, 2014
Mr. Gregory Randolf [Member] | Class Action Labor Lawsuit [Member]
Concentration Risk [Line Items]
Name of plaintiff						Gregory Randolf
Domicile of litigation						Maryland District Court
Description of allegation						lawsuit alleges that he and 48 other flaggers of the Company were not paid overtime pay which in Maryland is time and ½.
Description of action taken by defendant						Mr. Randolf’s testimony as to the amount of hours he worked was completely false and that he was correctly paid for the hours he worked per his time slips.
Amount offerd for settlement of case				$ 100,000
Accrued contingent loss							$ 100,000
Settlement amount			$ 100,000
Payment for settlement		$ 100,000
Riverport Insurance Services [Member] | Workers Compensation Claim [Member]
Concentration Risk [Line Items]
Name of plaintiff					Riverport Insurance Services
Domicile of litigation					Montgomery County, Maryland
Description of allegation					Failing to defend a workers’ compensation claim previously filed against the Company.
Settlement amount	$ 45,000