CPI Aerostructures (CVU) 10-Q 10 Nov 14 2014 Q3 Quarterly report Financial data

Document_And_Entity_Informatio

Document And Entity Information	9 Months Ended
	Sep. 30, 2014	Nov. 03, 2014
Document and Entity Information [Abstract]	'	'
Entity Registrant Name	'CPI AEROSTRUCTURES INC	'
Document Type	'10-Q	'
Current Fiscal Year End Date	'--12-31	'
Entity Common Stock, Shares Outstanding	'	8,483,111
Amendment Flag	'false	'
Entity Central Index Key	'0000889348	'
Entity Current Reporting Status	'Yes	'
Entity Voluntary Filers	'No	'
Entity Filer Category	'Accelerated Filer	'
Entity Well-known Seasoned Issuer	'No	'
Document Period End Date	30-Sep-14	'
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q3	'

Condensed_Balance_Sheets_Curre

Condensed Balance Sheets (Current Period Unaudited) (USD $)	Sep. 30, 2014	Dec. 31, 2013
Current Assets:	'	'
Cash	$831,057	$2,166,103
Accounts receivable, net	8,902,024	4,392,254
Costs and estimated earnings in excess of billings on uncompleted contracts	77,791,327	112,597,136
Deferred income taxes	417,000	417,000
Prepaid expenses and other current assets	844,007	609,268
Total current assets	88,785,415	120,181,761
Plant and equipment, net	2,806,174	2,849,753
Recoverable and deferred income taxes	14,196,910	1,133,000
Other assets	108,080	108,080
Total Assets	105,896,579	124,272,594
Current Liabilities:	'	'
Accounts payable	8,361,775	7,614,755
Accrued expenses	554,317	654,868
Accrued losses on uncompleted contracts	1,528,921	'
Billings in excess of costs and estimated earnings on uncompleted contracts	208,428	276,170
Current portion of long-term debt	973,793	1,020,349
Line of credit	28,350,000	21,350,000
Income tax payable	'	736,536
Deferred income taxes	89,000	89,000
Total current liabilities	40,066,234	31,741,678
Long-term debt, net of current portion	1,531,751	2,198,187
Deferred income taxes	788,000	788,000
Other liabilities	591,307	593,210
Total Liabilities	42,977,292	35,321,075
Shareholders’ Equity:	'	'
Common stock - $.001 par value; authorized 50,000,000 shares, 8,483,111 and 8,410,493 shares, respectively, issued and outstanding	8,483	8,410
Additional paid-in capital	51,265,850	50,381,348
Retained earnings	11,656,342	38,582,876
Accumulated other comprehensive loss	-11,388	-21,115
Total Shareholders’ Equity	62,919,287	88,951,519
Total Liabilities and Shareholders’ Equity	$105,896,579	$124,272,594

Condensed_Balance_Sheets_Curre1

Condensed Balance Sheets (Current Period Unaudited) (Parentheticals) (USD $)	Sep. 30, 2014	Dec. 31, 2013
Common stock, par value (in Dollars per share)	$0.00	$0.00
Common stock, shares authorized	50,000,000	50,000,000
Common stock, shares issued	8,483,111	8,410,493
Common stock, shares outstanding	8,483,111	8,410,493

Condensed_Statements_of_Operat

Condensed Statements of Operations and Comprehensive Income (Loss) (Unaudited) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Revenue	$21,487,677	$20,664,645	$19,619,571	$61,702,530
Cost of sales	17,016,373	16,188,518	53,620,290	48,549,586
Gross profit (loss)	4,471,304	4,476,127	-34,000,719	13,152,944
Selling, general and administrative expenses	1,800,878	1,508,656	5,424,581	4,882,851
Income (loss) from operations	2,670,426	2,967,471	-39,425,300	8,270,093
Interest expense	67,879	195,371	370,234	492,443
Income (loss) before provision for (benefit from) income taxes	2,602,547	2,772,100	-39,795,534	7,777,650
Provision for (benefit from) income taxes	905,000	861,000	-12,869,000	2,411,000
Net income (loss)	1,697,547	1,911,100	-26,926,534	5,366,650
Other comprehensive income (loss), net of tax -	'	'	'	'
Change in unrealized gain interest rate swap	5,095	'	9,727	17,390
Comprehensive income (loss)	$1,702,642	$1,911,100	($26,916,807)	$5,384,040
Income (loss) per common share – basic (in Dollars per share)	$0.20	$0.23	($3.18)	$0.64
Income (loss) per common share – diluted (in Dollars per share)	$0.20	$0.23	($3.18)	$0.63
Shares used in computing income (loss) per common share:	'	'	'	'
Basic (in Shares)	8,483,111	8,391,954	8,459,028	8,387,240
Diluted (in Shares)	8,545,889	8,490,711	8,459,028	8,464,350

Condensed_Statements_of_Shareh

Condensed Statements of Shareholders' Equity (Unaudited) (USD $)	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Total
Balance at at Dec. 31, 2012	$8,371	$49,780,673	$30,845,982	($40,827)	$80,594,199
Balance at (in Shares) at Dec. 31, 2012	8,371,439	'	'	'	'
Net Income	'	'	5,366,650	'	5,366,650
Change in unrealized loss from interest rate swap	'	'	'	17,390	17,390
Common stock issued upon exercise of stock options	3	-3	'	'	'
Common stock issued upon exercise of stock options (in Shares)	2,645	'	'	'	'
Tax provision for stock option exercise	'	-26,000	'	'	-26,000
Common stock issued for bonuses	18	152,056	'	'	152,074
Common stock issued for bonuses (in Shares)	17,870	'	'	'	'
Stock compensation expense	'	379,808	'	'	379,808
Balance at at Sep. 30, 2013	8,392	50,286,534	36,212,632	-23,437	86,484,121
Balance at (in Shares) at Sep. 30, 2013	8,391,954	'	'	'	'
Balance at at Dec. 31, 2013	8,410	50,381,348	38,582,876	-21,115	88,951,519
Balance at (in Shares) at Dec. 31, 2013	8,410,493	'	'	'	8,410,493
Net Income	'	'	-26,926,534	'	-26,926,534
Change in unrealized loss from interest rate swap	'	'	'	9,727	9,727
Common stock issued upon exercise of stock options	73	447,678	'	'	447,751
Common stock issued upon exercise of stock options (in Shares)	72,618	'	'	'	130,000
Tax benefit of stock option exercise	'	86,000	'	'	86,000
Stock compensation expense	'	350,824	'	'	350,824
Balance at at Sep. 30, 2014	$8,483	$51,265,850	$11,656,342	($11,388)	$62,919,287
Balance at (in Shares) at Sep. 30, 2014	8,483,111	'	'	'	8,483,111

Condensed_Statements_of_Cash_F

Condensed Statements of Cash Flows (Unaudited) (USD $)	9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013
Net income (loss)	($26,926,534)	$5,366,650
Adjustments to reconcile net income (loss) to net cash used in operating activities:	'	'
Depreciation and amortization	556,580	518,048
Deferred rent	12,823	36,414
Loss on disposal of fixed asset	1,042	'
Stock based compensation	350,824	379,808
Deferred income taxes	-13,063,910	-17,000
Tax benefit from stock option plans	-86,000	26,000
Increase in accounts receivable	-4,509,770	-5,030,616
(Increase) decrease in costs and estimated earnings in excess of billings on uncompleted contracts	34,805,809	-2,856,305
Increase in prepaid expenses and other assets	-234,739	-219,843
Decrease (increase) in accounts payable and accrued expenses	641,470	-6,537,071
Decrease in billings in excess of costs and estimated earnings on uncompleted contracts	-67,742	-187,344
Increase in accrued losses on uncompleted contracts	1,528,921	'
Increase (decrease) in income taxes payable	-650,536	103,800
Net cash used in operating activities	-7,641,762	-8,417,459
Cash used in investing activities - purchase of plant and equipment	-514,043	-600,810
Cash flows from financing activities:	'	'
Payments on long-term debt	-712,992	-824,851
Proceeds from line of credit	8,500,000	10,000,000
Payments on line of credit	-1,500,000	-2,000,000
Proceeds from exercise of stock options	447,751	'
Tax benefit from stock option plans	86,000	-26,000
Net cash provided by financing activities	6,820,759	7,149,149
Net decrease in cash	-1,335,046	-1,869,120
Cash at beginning of period	2,166,103	2,709,803
Cash at end of period	831,057	840,683
Noncash investing and financing activities:	'	'
Common stock issued for bonuses	'	152,074
Cash paid during the period for:	'	'
Interest	708,504	638,767
Income taxes	$855,000	$2,250,000

Note_1_Interim_Financial_State

Note 1 - Interim Financial Statements	9 Months Ended
	Sep. 30, 2014
Disclosure Text Block [Abstract]	'
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	'
	1.     INTERIM FINANCIAL STATEMENTS
	The condensed financial statements of CPI Aerostructures, Inc. (the “Company”) as of September 30, 2014 and for the three and nine months ended September 30, 2014 and 2013 have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) . Certain information and note disclosures normally included in annual financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted pursuant to those rules and regulations, although the Company believes that the disclosures made are adequate to make the information not misleading.
	The condensed balance sheet at December 31, 2013 has been derived from the audited financial statements at that date, but does not include all of the information and notes required by accounting principles generally accepted in the United States for complete financial statements. All adjustments that, in the opinion of management, are necessary for a fair presentation for the periods presented have been reflected as required by the SEC. Such adjustments are of a normal, recurring nature. It is suggested that these condensed financial statements be read in conjunction with the financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2013. The results of operations for interim periods are not necessarily indicative of the operating results to be expected for the full year or any other interim period.
	The Company maintains its cash in two financial institutions.  The balances are insured by the Federal Deposit Insurance Corporation.  From time to time, the Company’s balances may exceed these limits.  As of September 30, 2014, the Company had approximately $1,210,000 of uninsured balances.  The Company limits its credit risk by selecting financial institutions considered to be highly creditworthy.
	The Company has identified certain immaterial errors in previously issued financial statements for the three and six months ended June 30, 2014 related to an overstatement of its tax benefit and deferred tax assets in the amount of $661,000. The Company reviewed the accounting errors utilizing SEC Staff Accounting Bulletin No. 99, “Materiality” and SEC Staff Accounting Bulletin No. 108, “Effects of Prior Year Misstatements on Current Year Financial Statements” and determined that the impact of the errors to be immaterial to any prior period’s presentation. The accompanying condensed statement of operations and comprehensive income (loss) for the nine months ended September 30, 2014 reflects the corrections of the aforementioned immaterial error.
	The Company recognizes revenue from the Company’s contracts over the contractual period under the percentage-of-completion (“POC”) method of accounting. Under the POC method of accounting, sales and gross profit are recognized as work is performed based on the relationship between actual costs incurred and total estimated costs at the completion of the contract. Recognized revenues that will not be billed under the terms of the contract until a later date are recorded as an asset captioned “Costs and estimated earnings in excess of billings on uncompleted contracts.” Contracts where billings to date have exceeded recognized revenues are recorded as a liability captioned “Billings in excess of costs and estimated earnings on uncompleted contracts.” Changes to the original estimates may be required during the life of the contract. Estimates are reviewed monthly and the effect of any change in the estimated gross margin percentage for a contract is reflected in cost of sales in the period the change becomes known. The use of the POC method of accounting involves considerable use of estimates in determining revenues, costs and profits and in assigning the amounts to accounting periods. As a result, there can be a significant disparity between earnings (both for accounting and tax purposes) as reported and actual cash received by us during any reporting period. We continually evaluate all of the issues related to the assumptions, risks and uncertainties inherent with the application of the POC method of accounting; however, we cannot assure you that our estimates will be accurate. If our estimates are not accurate or a contract is terminated, we will be forced to adjust revenue in later periods. Furthermore, even if our estimates are accurate, we may have a shortfall in our cash flow and we may need to borrow money, or seek access to other forms of liquidity, to fund our work in process or to pay taxes until the reported earnings materialize as actual cash receipts.
	When adjustments are required for the estimated total revenue on a contract, these changes are recognized with an inception-to-date effect in the current period. Also, when estimates of total costs to be incurred exceed estimates of total revenue to be earned, a provision for the entire loss on the contract is recorded in the period in which the loss is determined. During the nine month period ended September 30, 2014, the Company adjusted the estimated total revenue and recorded a loss on its Wing Replacement Program (“WRP”) for the U.S. Air Force’s A-10 Thunderbolt aircraft (“A-10”).
	The long term future of the A-10 has been uncertain since March 2014 when the U.S. Department of Defense released its 2015 Budget Request that called for the retirement of the entire A-10 fleet. More recent events have led the Company to conclude that our A-10 WRP will likely not continue to the full 242 aircraft as anticipated at the start of the program. The 2015 Department of Defense Appropriations Act passed by the United States House of Representatives on June 20, 2014 provides no funding for A-10 operations in U. S. Government fiscal year 2015 that commenced October 1, 2014. Further, this bill rescinds funding from the 2014 U. S. Department of Defense Budget that was to have been used for the procurement of additional wings for the A-10. The Company has no information to support a different conclusion.
	Because of the probable termination of the Company’s A-10 WRP, the Company has reduced its revenue estimates with respect to this program by approximately 41%. This change in estimate results in an approximate cumulative $44.7 million decrease in revenue from the inception of the program in 2008 through June 30, 2014, all of which was recorded in the quarter ended June 30, 2014 and nine months ended September 30, 2014. Also, the uncertainty of the future of the A-10 aircraft has impacted the Company’s ability to achieve normal program cost reductions at suppliers. Accordingly, in addition to the $44.7 million adjustment to revenue, we recorded a $2.6 million adjustment to cost of sales on the A-10 WRP in the quarter ended June 30, 2014 and nine months ended September 30, 2014.
	In May 2014, the FASB issued Accounting Standards Update No. 2014-09 (ASU 2014-09), Revenue from Contracts with Customers (Topic 606) , which requires an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers. ASU 2014-09 will replace most existing revenue recognition guidance in U.S. GAAP when it becomes effective. The new standard is effective for annual and interim periods in fiscal years beginning after December 15, 2016. Early application is not permitted. ASU 2014-09 is effective for our first quarter of fiscal year 2017 using either the retrospective or cumulative effect transition method. We are evaluating the effect that ASU 2014-09 will have on our financial statements and related disclosures.  We have not yet selected a transition method nor have we determined the effect of the standard on our ongoing financial reporting.

Note_2_Stockbased_Compensation

Note 2 - Stock-based Compensation	9 Months Ended
	Sep. 30, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]	'
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	'
	2.     stock-based compensation
	The Company accounts for compensation expense associated with stock options based on the fair value of the options on the date of grant.
	The Company’s net income/(loss) for the three and nine months ended September 30, 2014 includes approximately $145,200 and $350,800, respectively, of non-cash compensation expense related to the Company’s stock options. The non-cash compensation expense related to all of the Company’s stock-based compensation arrangements is recorded as a component of selling, general and administrative expenses.
	The estimated fair value of each option award granted was determined on the date of grant using the Black-Scholes option valuation model. No options were granted during the three months ended September 30, 2013 and 6,772 options were granted during the three months ended September 30, 2014. The following weighted-average assumptions were used for the options granted during the nine months ended September 30, 2014 and 2013:
		2014			2013
	Risk-free interest rate		1.45%-1.64	%		0.76	%
	Expected volatility		83%-102	%		106	%
	Dividend yield		0	%		0	%
	Expected option term (years)		5			5
	A summary of the status of the Company’s stock option plans as of September 30, 2014 and changes during the nine months ended September 30, 2014 is as follows:
			Options		Weighted average ExercisePrice			Weighted average remaining contractualterm (in years)		Aggregate Intrinsic Value
	Outstanding at beginning of period		461,919		$	9.8
	Granted		43,064			14.67
	Exercised		(130,000	)		9
	Outstanding and vested at end of period		374,983		$	10.64			2.31	$	432,747
	Options to acquire 36,292 shares of common stock were granted on January 1, 2014 to members of our board of directors as part of their normal compensation. Of the 36,292 options granted on January 1, 2014, 9,075 vested immediately, 9,073 vested on April 1, 2014, 9,073 vested on July 1, 2014 and 9,071 vest on October 1, 2014. Options to acquire 6,772 shares were granted on July 1, 2014 to a new board member as part of the normal compensation. Of the 6,772 options granted on July 1, 2014, 3,386 vested immediately and 3,386 vest on October 1, 2014.
	During the nine months ended September 30, 2014, 50,000 stock options were exercised for cash resulting in proceeds to the Company of $447,751. During the same period 80,000 options were exercised, pursuant to provisions of the stock option plan, where the Company received no cash and 57,381 shares of its common stock in exchange for the 80,000 shares issued in the exercise. The 57,381 shares that the Company received were valued at $727,072, the fair market value of the shares on the dates of exercise.
	The intrinsic value of all options exercised during the nine months ended September 30, 2014 and 2013 was approximately $513,000 and $26,300, respectively. No options were exercised during the three months ended September 30, 2014 and 2013.

Note_3_Derivative_Instruments_

Note 3 - Derivative Instruments and Fair Value	9 Months Ended
	Sep. 30, 2014
Derivative Instruments and Hedging Activities Disclosure [Abstract]	'
Derivative Instruments and Hedging Activities Disclosure [Text Block]	'
	3.     Derivative Instruments and Fair Value
	Our use of derivative instruments has been to hedge interest rates. These derivative contracts are entered into with a financial institution. We do not use derivative instruments for trading purposes and we have procedures in place to monitor and control their use.
	We record these derivative financial instruments on the condensed balance sheets at fair value. For derivative instruments that are designated and qualify as a cash flow hedge, the effective portion of the gain or loss on the derivative instrument is reported as a component of other comprehensive income (loss) and reclassified into earnings in the same period or periods during which the hedged transaction affects earnings.
	Any ineffective portion of the gain or loss on the derivative instrument for a cash flow hedge is recorded in the results of operations immediately. For derivative instruments not designated as hedging instruments, the gain or loss is recognized in the results of operations immediately.
	In March 2012, the Company entered into interest rate swaps with the objective of reducing our exposure to cash flow volatility arising from interest rate fluctuations associated with certain debt. The notional amount, maturity date, and currency of these contracts match those of the underlying debt. The Company has designated these interest rate swap contracts as cash flow hedges. The Company measures ineffectiveness by comparing the cumulative change in the forward contact with the cumulative change in the hedged item. No material ineffectiveness was recognized in the quarter and nine months ended September 30, 2014. As of September 30, 2014 and December 31, 2013, we had a net deferred loss associated with cash flow hedges of approximately $17,000 and $32,000, respectively, due to the interest rate swap which has been included in Other Liabilities.
	As a result of the use of derivative instruments, the Company is exposed to risk that the counterparties may fail to meet their contractual obligations. Recent adverse developments in the global financial and credit markets could negatively impact the creditworthiness of our counterparties and cause one or more of our counterparties to fail to perform as expected. To mitigate the counterparty credit risk, we only enter into contracts with carefully selected major financial institutions based upon their credit ratings and other factors, and continually assess the creditworthiness of counterparties. To date, all counterparties have performed in accordance with their contractual obligations.
	Fair Value
	At September 30, 2014 and December 31, 2013, the fair values of cash, accounts receivable, accounts payable and accrued expenses approximated their carrying values because of the short-term nature of these instruments.
		30-Sep-14
		Carrying Amount		Fair Value
	Debt
	Short-term borrowings and long-term debt	$	30,855,544	$	30,855,544
		31-Dec-13
		Carrying Amount		Fair Value
	Debt
	Short-term borrowings and long-term debt	$	24,568,536	$	24,568,536
	We estimated the fair value of debt using market quotes and calculations based on market rates.
	The following table presents the fair values of those financial liabilities measured on a recurring basis as of September 30, 2014 and December 31, 2013:
				Fair Value Measurements September 30, 2014
	Description	Total		Quoted Prices in Active Markets for Identical assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
	Interest Rate Swap, net	$	17,388		--	$	17,388		--
	Total	$	17,388		--	$	17,388		--
				Fair Value Measurements December 31, 2013
	Description	Total		Quoted Prices in Active Markets for Identical assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
	Interest Rate Swap, net	$	31,992		--	$	31,992		--
	Total	$	31,992		--	$	31,992		--
	The fair value of the Company’s interest rate swaps was determined by comparing the fixed rate set at the inception of the transaction to the “replacement swap rate,” which represents the market rate for an offsetting interest rate swap with the same notional amounts and final maturity date. The market value is then determined by calculating the present value of the interest differential between the contractual swap and the replacement swap.
	As of September 30, 2014 and December 31, 2013, $17,388 and $31,992, respectively, was included in Other Liabilities related to the fair value of the Company’s interest rate swap, and $11,388 and $21,115, respectively, net of tax of $6,000 and $10,877, was included in Accumulated Other Comprehensive Loss.

Note_4_Costs_and_Estimated_Ear

Note 4 - Costs and Estimated Earnings on Uncompleted Contracts	9 Months Ended
	Sep. 30, 2014
Contractors [Abstract]	'
Long-term Contracts or Programs Disclosure [Text Block]	'
	4. COSTS AND ESTIMATED EARNINGS ON UNCOMPLETED CONTRACTS
	Costs and estimated earnings in excess of billings on uncompleted contracts consist of:
		30-Sep-14
		U.S
		Government			Commercial			Total
	Costs incurred on uncompleted contracts	$	290,924,522		$	82,332,450		$	373,256,972
	Estimated earnings		57,658,304			36,786,655			94,444,959
	Sub-total		348,582,826			119,119,105			467,701,931
	Less billings to date		303,745,077			86,373,955			390,119,032
	Costs and estimated earnings in excess of billings on uncompleted contracts	$	44,837,749		$	32,745,150		$	77,582,899
		31-Dec-13
		U.S.
		Government			Commercial			Total
	Costs incurred on uncompleted contracts	$	259,050,407		$	62,502,116		$	321,552,523
	Estimated earnings		95,590,879			30,694,605			126,285,484
	Sub-total		354,641,286			93,196,721			447,838,007
	Less billings to date		272,783,120			62,733,921			335,517,041
	Costs and estimated earnings in excess of billings on uncompleted contracts	$	81,858,166		$	30,462,800		$	112,320,966
	The above amounts are included in the accompanying balance sheets under the following captions at September 30, 2014 and December 31, 2013:
		30-Sep-14			31-Dec-13
	Costs and estimated earnings in excess of billings on uncompleted contracts	$	77,791,327		$	112,597,136
	Billings in excess of costs and estimated earnings on uncompleted contracts		(208,428	)		(276,170	)
	Totals	$	77,582,899		$	112,320,966
	U.S. Government Contracts includes contracts directly with the U.S. Government and Government subcontracts.
	Revisions in the estimated gross profits on contracts and contract amounts are made in the period in which the circumstances requiring the revisions occur. During the nine months ended September 30, 2014 and 2013, the effect of such revisions in total estimated contract profits resulted in a decrease to the total gross profit to be earned on the contracts of approximately $42,346,000 and $3,600,000, respectively, from that which would have been reported had the revised estimates been used as the basis of recognition of contract profits in prior years. Approximately 95% of the decrease in the nine months ended September 30, 2014 is the result of a change in estimate on the Company’s A-10 program, discussed in Note 1.
	Although management believes it has established adequate procedures for estimating costs to complete on uncompleted open contracts, it is possible that additional significant costs could occur on contracts prior to completion.

Note_5_Income_per_Common_Share

Note 5 - Income per Common Share	9 Months Ended
	Sep. 30, 2014
Earnings Per Share [Abstract]	'
Earnings Per Share [Text Block]	'
	5	income PER COMMON SHARE
	Basic income (loss) per common share is computed using the weighted average number of common shares outstanding. Diluted income (loss) per common share for the three and nine month periods ended September 30, 2014 and 2013 is computed using the weighted-average number of common shares outstanding adjusted for the incremental shares attributed to outstanding options to purchase common stock. Incremental shares of 211,402 were used in the calculation of diluted income per common share in the three months ended September 30, 2014. Incremental shares of 163,581 were not used in the calculation of diluted income per common share in the three month period ended September 30, 2014, as the effect of incremental shares would be anti-dilutive due to the loss reported. No incremental shares were used in the calculation of diluted income per common share in the nine month period ended September 30, 2014, as the effect of incremental shares would be anti-dilutive. Incremental shares of 341,402 and 245,000 were used in the calculation of diluted income per common share in the three and nine months ended September 30, 2013. Incremental shares of 145,517 and 241,919 were not included in the diluted earnings per share calculations for the three and nine month periods ended September 30, 2013 as their exercise price was in excess of the Company’s average stock price for the respective period and, accordingly, these shares are not assumed to be exercised for the diluted earnings per share calculation, as they would be anti-dilutive.

Note_6_Line_of_Credit

Note 6 - Line of Credit	9 Months Ended
	Sep. 30, 2014
Line Of Credit [Abstract]	'
Line Of Credit [Text Block]	'
	6	Line of credit
	On December 5, 2012, the Company entered into an Amended and Restated Credit Agreement (“Restated Agreement”) with Sovereign Bank, now called Santander Bank, N.A. (“Santander”), as the sole arranger, administrative agent and collateral agent and Valley National Bank. The Restated Agreement provides for a revolving credit loan (“Santander Revolving Facility”) commitment of $35 million.
	As of September 30, 2014, the Company was in compliance with all of the financial covenants, as amended, contained in the Credit Agreement. As of September 30, 2014, the Company had $28.35 million outstanding under the “Restated Agreement” bearing interest at 3.25%.
	The Santander Revolving Facility and term loan under the Restated Agreement are secured by all our assets.

Note_7_LongTerm_Debt

Note 7 - Long-Term Debt	9 Months Ended
	Sep. 30, 2014
Disclosure Text Block [Abstract]	'
Long-term Debt [Text Block]	'
	7.     LONG-TERM DEBT
	On March 9, 2012, the Company obtained a $4.5 million term loan from Santander to be amortized over five years (the “Santander Term Facility”). Santander Term Facility was used to purchase tooling and equipment for new programs. Santander Term Facility bears interest at the lower of LIBOR plus 3% or Santander Bank’s prime rate.
	Additionally, the Company and Santander Bank entered into a five year interest rate swap agreement, in the notional amount of $4.5 million. Under the interest rate swap, the Company pays an amount to Santander Bank representing interest on the notional amount at a fixed rate of 4.11% and receives an amount from Santander Bank representing interest on the notional amount of a rate equal to the one-month LIBOR plus 3%. The effect of this interest rate swap will be the Company paying a fixed interest fixed rate of 4.11% over the term of the Santander Term Facility.
	The maturities of long-term debt are as follows:
	Twelve months ending September 30,
	2015	$	973,793
	2016		963,680
	2017		541,364
	2018		16,027
	Thereafter		10,680
		$	2,505,544
	In addition to the Santander Term Facility, included in long-term debt are capital leases and notes payable of $180,544, including a current portion of $73,793.

Note_8_Income_taxes

Note 8 - Income taxes	9 Months Ended
	Sep. 30, 2014
Income Tax Disclosure [Abstract]	'
Income Tax Disclosure [Text Block]	'
	8.     Income taxes
	Provision for income taxes was $905,000 for the three month period ending September 30, 2014. Benefit from income taxes was $12,869,000 for the nine months ended September 30, 2014. These benefits result from the Company’s ability to carry back federal and state tax losses to prior periods and recover previously paid taxes. In addition, the Company will be able to carry forward any excess losses that could not be carried back to prior years, to reduce income taxes in future periods. The benefit for both the carry back and net operating loss carry forward are recorded as a component of non-current Deferred Tax Assets. Provision for income taxes for the three and nine months ended September 30, 2013 was at the Company’s historic effective tax rate of approximately 31%.

Note_9_Major_Customers

Note 9 - Major Customers	9 Months Ended
	Sep. 30, 2014
Major Customers [Abstract]	'
Major Customers [Text Block]	'
	9.     MAJOR CUSTOMERS
	During the nine months ended September 30, 2014, the Company’s three largest commercial customers accounted for 26%, 22% and 11% of revenue, respectively. During the nine months ended September 30, 2013, the Company’s three largest commercial customers accounted for 27%, 22% and 18% of revenue, respectively. In addition, during the nine months ended September 30, 2014 and 2013, 1.2% and 2%, respectively, of revenue was directly from the U.S. Government. The percentages of revenue for 2014 are computed prior to the change in estimate adjustment to revenue discussed in Note 1.
	At September 30, 2014, 27%, 25%, 13% and 8% of Costs and Estimated Earnings in Excess of Billings on Uncompleted Contracts were from four largest commercial customers. At December 31, 2013, 40%, 17%, 16% and 10% of Costs and Estimated Earnings in Excess of Billings on Uncompleted Contracts were from the Company’s four largest commercial customers.
	At September 30, 2014 and December 31, 2013, less than 1% of Costs and Estimated Earnings in Excess of Billings on Uncompleted Contracts were direct from the U.S. Government.
	At September 30, 2014, 33%, 17% and 16% of our accounts receivable were from our three largest commercial customers. At December 31, 2013, 28%, 24% and 20% of accounts receivable were from our three largest commercial customers.

Note_2_Stockbased_Compensation1

Note 2 - Stock-based Compensation (Tables)	9 Months Ended
	Sep. 30, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]	'
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]	'
		2014			2013
	Risk-free interest rate		1.45%-1.64	%		0.76	%
	Expected volatility		83%-102	%		106	%
	Dividend yield		0	%		0	%
	Expected option term (years)		5			5
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]	'
			Options		Weighted average ExercisePrice			Weighted average remaining contractualterm (in years)		Aggregate Intrinsic Value
	Outstanding at beginning of period		461,919		$	9.8
	Granted		43,064			14.67
	Exercised		(130,000	)		9
	Outstanding and vested at end of period		374,983		$	10.64			2.31	$	432,747

Note_3_Derivative_Instruments_1

Note 3 - Derivative Instruments and Fair Value (Tables)	9 Months Ended
	Sep. 30, 2014
Derivative Instruments and Hedging Activities Disclosure [Abstract]	'
Fair Value, by Balance Sheet Grouping [Table Text Block]	'
		30-Sep-14
		Carrying Amount		Fair Value
	Debt
	Short-term borrowings and long-term debt	$	30,855,544	$	30,855,544
		31-Dec-13
		Carrying Amount		Fair Value
	Debt
	Short-term borrowings and long-term debt	$	24,568,536	$	24,568,536
Fair Value, Liabilities Measured on Recurring Basis [Table Text Block]	'
				Fair Value Measurements September 30, 2014
	Description	Total		Quoted Prices in Active Markets for Identical assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
	Interest Rate Swap, net	$	17,388		--	$	17,388		--
	Total	$	17,388		--	$	17,388		--
				Fair Value Measurements December 31, 2013
	Description	Total		Quoted Prices in Active Markets for Identical assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
	Interest Rate Swap, net	$	31,992		--	$	31,992		--
	Total	$	31,992		--	$	31,992		--

Note_4_Costs_and_Estimated_Ear1

Note 4 - Costs and Estimated Earnings on Uncompleted Contracts (Tables)	9 Months Ended
	Sep. 30, 2014
Contractors [Abstract]	'
Unrealized Gain (Loss) on Investments [Table Text Block]	'
		30-Sep-14
		U.S
		Government			Commercial			Total
	Costs incurred on uncompleted contracts	$	290,924,522		$	82,332,450		$	373,256,972
	Estimated earnings		57,658,304			36,786,655			94,444,959
	Sub-total		348,582,826			119,119,105			467,701,931
	Less billings to date		303,745,077			86,373,955			390,119,032
	Costs and estimated earnings in excess of billings on uncompleted contracts	$	44,837,749		$	32,745,150		$	77,582,899
		31-Dec-13
		U.S.
		Government			Commercial			Total
	Costs incurred on uncompleted contracts	$	259,050,407		$	62,502,116		$	321,552,523
	Estimated earnings		95,590,879			30,694,605			126,285,484
	Sub-total		354,641,286			93,196,721			447,838,007
	Less billings to date		272,783,120			62,733,921			335,517,041
	Costs and estimated earnings in excess of billings on uncompleted contracts	$	81,858,166		$	30,462,800		$	112,320,966
Net Unbilled and Estimated Earnings [Table Text Block]	'
		30-Sep-14			31-Dec-13
	Costs and estimated earnings in excess of billings on uncompleted contracts	$	77,791,327		$	112,597,136
	Billings in excess of costs and estimated earnings on uncompleted contracts		(208,428	)		(276,170	)
	Totals	$	77,582,899		$	112,320,966

Note_7_LongTerm_Debt_Tables

Note 7 - Long-Term Debt (Tables)	9 Months Ended
	Sep. 30, 2014
Disclosure Text Block [Abstract]	'
Schedule of Maturities of Long-term Debt [Table Text Block]	'
	Twelve months ending September 30,
	2015	$	973,793
	2016		963,680
	2017		541,364
	2018		16,027
	Thereafter		10,680
		$	2,505,544

Note_1_Interim_Financial_State1

Note 1 - Interim Financial Statements (Details) (USD $)	9 Months Ended	3 Months Ended	6 Months Ended
	Sep. 30, 2014	Jun. 30, 2014	Jun. 30, 2014	Sep. 30, 2014	Jun. 30, 2014
		Overstatement of Tax Benefit and Deferred Tax Assets [Member]	Overstatement of Tax Benefit and Deferred Tax Assets [Member]	A-10 WRP Program [Member]	A-10 WRP Program [Member]
Note 1 - Interim Financial Statements (Details) [Line Items]	'	'	'	'	'
Number of Financial Institutions with which Cash is Maintained	2	'	'	'	'
Cash, Uninsured Amount	$1,210,000	'	'	'	'
Quantifying Misstatement in Current Year Financial Statements, Amount	'	661,000	661,000	'	'
Loss Contingency, Estimate of Possible Loss, Percentage	'	'	'	'	41.00%
Loss Contingency, Estimate of Possible Loss	'	'	'	'	44,700,000
Loss Contingency, Estimate of Change in Cost of Sales	'	'	'	$2,600,000	$2,600,000

Note_2_Stockbased_Compensation2

Note 2 - Stock-based Compensation (Details) (USD $)

0 Months Ended

3 Months Ended

9 Months Ended

Jan. 01, 2014

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2014

Jan. 01, 2014

Jan. 01, 2014

Jul. 01, 2014

Jan. 01, 2014

Jul. 01, 2014

Jan. 01, 2014

Issuance of Stock for Cash [Member]

Issue of Stock for Noncash Consideration [Member]

January 1, 2014 [Member]

April 1, 2014 [Member]

July 1, 2014 [Member]

July 1, 2014 [Member]

October 1, 2014 [Member]

October 1, 2014 [Member]

Note 2 - Stock-based Compensation (Details) [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

Allocated Share-based Compensation Expense (in Dollars)

'

$145,200

'

$350,800

'

'

'

'

'

'

'

'

'

Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross

36,292

6,772

0

43,064

'

'

'

'

'

'

'

'

'

Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Number

'

'

'

'

'

'

'

9,075

9,073

3,386

9,073

3,386

9,071

Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period

'

0

0

130,000

'

50,000

80,000

'

'

'

'

'

'

Proceeds from Stock Options Exercised (in Dollars)

'

'

'

447,751

'

447,751

'

'

'

'

'

'

'

Treasury Stock, Shares, Acquired

'

'

'

'

'

'

57,381

'

'

'

'

'

'

Treasury Stock, Value, Acquired, Cost Method (in Dollars)

'

'

'

'

'

'

727,072

'

'

'

'

'

'

Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Intrinsic Value (in Dollars)

'

'

'

$513,000

$26,300

'

'

'

'

'

'

'

'

Note_2_Stockbased_Compensation3

Note 2 - Stock-based Compensation (Details) - Weighted-Average Assumptions Used for Options Granted	9 Months Ended
	Sep. 30, 2014
Note 2 - Stock-based Compensation (Details) - Weighted-Average Assumptions Used for Options Granted [Line Items]	'
Risk-free interest rate	0.76%
Expected volatility	106.00%
Dividend yield	0.00%
Expected option term (years)	'5 years
Minimum [Member]	'
Note 2 - Stock-based Compensation (Details) - Weighted-Average Assumptions Used for Options Granted [Line Items]	'
Risk-free interest rate	1.45%
Expected volatility	83.00%
Maximum [Member]	'
Note 2 - Stock-based Compensation (Details) - Weighted-Average Assumptions Used for Options Granted [Line Items]	'
Risk-free interest rate	1.64%
Expected volatility	102.00%

Note_2_Stockbased_Compensation4

Note 2 - Stock-based Compensation (Details) - Stock Option Activity (USD $)	0 Months Ended	3 Months Ended		9 Months Ended
	Jan. 01, 2014	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014
Stock Option Activity [Abstract]	'	'	'	'
Outstanding at beginning of period	461,919	'	'	461,919
Outstanding at beginning of period	$9.80	'	'	$9.80
Granted	36,292	6,772	0	43,064
Granted	'	'	'	$14.67
Exercised	'	0	0	-130,000
Exercised	'	'	'	$9
Outstanding and vested at end of period	'	374,983	'	374,983
Outstanding and vested at end of period	'	$10.64	'	$10.64
Outstanding and vested at end of period	'	'	'	'2 years 113 days
Outstanding and vested at end of period	'	$432,747	'	$432,747

Note_3_Derivative_Instruments_2

Note 3 - Derivative Instruments and Fair Value (Details) (USD $)	3 Months Ended	9 Months Ended
	Sep. 30, 2014	Sep. 30, 2014	Dec. 31, 2013
Note 3 - Derivative Instruments and Fair Value (Details) [Line Items]	'	'	'
Derivative, Net Hedge Ineffectiveness Gain (Loss)	$0	$0	'
Deferred Gain (Loss) on Derivative, Net	17,000	17,000	32,000
Accumulated Other Comprehensive Income (Loss), Cumulative Changes in Net Gain (Loss) from Cash Flow Hedges, Effect Net of Tax	-11,388	-11,388	-21,115
Accumulated Other Comprehensive Income (Loss), Cumulative Changes in Net Gain (Loss) from Cash Flow Hedges, Tax Effect	6,000	6,000	10,877
Interest Rate Swap [Member] | Other Noncurrent Liabilities [Member]	'	'	'
Note 3 - Derivative Instruments and Fair Value (Details) [Line Items]	'	'	'
Derivative Liability	$17,388	$17,388	$31,992

Note_3_Derivative_Instruments_3

Note 3 - Derivative Instruments and Fair Value (Details) - Fair Values of Cash, Accounts Receivable, Accounts Payable and Accrued Expenses (USD $)	Sep. 30, 2014	Dec. 31, 2013
Reported Value Measurement [Member]	'	'
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'	'
Short-term borrowings and long-term debt	$30,855,544	$24,568,536
Estimate of Fair Value Measurement [Member]	'	'
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'	'
Short-term borrowings and long-term debt	$30,855,544	$24,568,536

Note_3_Derivative_Instruments_4

Note 3 - Derivative Instruments and Fair Value (Details) - Fair Values of Financial Liabilities Measured on a Recurring Basis (Fair Value, Measurements, Recurring [Member], USD $)	Sep. 30, 2014	Dec. 31, 2013
Note 3 - Derivative Instruments and Fair Value (Details) - Fair Values of Financial Liabilities Measured on a Recurring Basis [Line Items]	'	'
Interest Rate Swap, net	$17,388	$31,992
Total	17,388	31,992
Fair Value, Inputs, Level 2 [Member]	'	'
Note 3 - Derivative Instruments and Fair Value (Details) - Fair Values of Financial Liabilities Measured on a Recurring Basis [Line Items]	'	'
Interest Rate Swap, net	17,388	31,992
Total	$17,388	$31,992

Note_4_Costs_and_Estimated_Ear2

Note 4 - Costs and Estimated Earnings on Uncompleted Contracts (Details) (USD $)	9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013
Contractors [Abstract]	'	'
Decrease in Estimated Gross Profits on Contracts Due to Revisions	$42,346,000	$3,600,000
Percentage of Decrease in Estimated Gross Profits on Contracts Due to Revisions	95.00%	'

Note_4_Costs_and_Estimated_Ear3

Note 4 - Costs and Estimated Earnings on Uncompleted Contracts (Details) - Costs and Estimated Earnings in Excess of Billings on Uncompleted Contracts (USD $)	Sep. 30, 2014	Dec. 31, 2013
Note 4 - Costs and Estimated Earnings on Uncompleted Contracts (Details) - Costs and Estimated Earnings in Excess of Billings on Uncompleted Contracts [Line Items]	'	'
Costs incurred on uncompleted contracts	$373,256,972	$321,552,523
Estimated earnings	94,444,959	126,285,484
Sub-total	467,701,931	447,838,007
Less billings to date	390,119,032	335,517,041
Costs and estimated earnings in excess of billings on uncompleted contracts	77,582,899	112,320,966
U.S. Government [Member]	'	'
Note 4 - Costs and Estimated Earnings on Uncompleted Contracts (Details) - Costs and Estimated Earnings in Excess of Billings on Uncompleted Contracts [Line Items]	'	'
Costs incurred on uncompleted contracts	290,924,522	259,050,407
Estimated earnings	57,658,304	95,590,879
Sub-total	348,582,826	354,641,286
Less billings to date	303,745,077	272,783,120
Costs and estimated earnings in excess of billings on uncompleted contracts	44,837,749	81,858,166
Commercial [Member]	'	'
Note 4 - Costs and Estimated Earnings on Uncompleted Contracts (Details) - Costs and Estimated Earnings in Excess of Billings on Uncompleted Contracts [Line Items]	'	'
Costs incurred on uncompleted contracts	82,332,450	62,502,116
Estimated earnings	36,786,655	30,694,605
Sub-total	119,119,105	93,196,721
Less billings to date	86,373,955	62,733,921
Costs and estimated earnings in excess of billings on uncompleted contracts	$32,745,150	$30,462,800

Note_4_Costs_and_Estimated_Ear4

Note 4 - Costs and Estimated Earnings on Uncompleted Contracts (Details) - Net Unbilled and Estimated Billings (USD $)	Sep. 30, 2014	Dec. 31, 2013
Net Unbilled and Estimated Billings [Abstract]	'	'
Costs and estimated earnings in excess of billings on uncompleted contracts	$77,791,327	$112,597,136
Billings in excess of costs and estimated earnings on uncompleted contracts	-208,428	-276,170
Totals	$77,582,899	$112,320,966

Note_5_Income_per_Common_Share1

Note 5 - Income per Common Share (Details)	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Earnings Per Share [Abstract]	'	'	'	'
Incremental Common Shares Attributable to Dilutive Effect of Share-based Payment Arrangements	211,402	341,402	'	245,000
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	163,581	145,517	0	241,919

Note_6_Line_of_Credit_Details

Note 6 - Line of Credit (Details) (Restated Agreement [Member], Revolving Credit Facility [Member], USD $)	Sep. 30, 2014	Dec. 05, 2012
In Millions, unless otherwise specified
Restated Agreement [Member] | Revolving Credit Facility [Member]	'	'
Note 6 - Line of Credit (Details) [Line Items]	'	'
Line of Credit Facility, Maximum Borrowing Capacity	'	$35
Long-term Line of Credit	$28.35	'
Line of Credit Facility, Interest Rate at Period End	3.25%	'

Note_7_LongTerm_Debt_Details

Note 7 - Long-Term Debt (Details) (USD $)	Sep. 30, 2014	Mar. 09, 2012	Mar. 09, 2012	Mar. 09, 2012	Mar. 09, 2012
		Term Loan [Member]	Term Loan [Member]	Sovereign Term Facility [Member]	Sovereign Term Facility [Member]
		Sovereign Term Facility [Member]	Sovereign Term Facility [Member]	Interest Rate Swap [Member]	Interest Rate Swap [Member]
		London Interbank Offered Rate (LIBOR) [Member]		London Interbank Offered Rate (LIBOR) [Member]
Note 7 - Long-Term Debt (Details) [Line Items]	'	'	'	'	'
Debt Instrument, Face Amount	'	'	$4,500,000	'	'
Period of Amortization	'	'	'5 years	'	'
Debt Instrument, Description of Variable Rate Basis	'	'	'Santander Term Facility bears interest at the lower of LIBOR plus 3% or Santander Bank’s prime rate.	'	'
Debt Instrument, Basis Spread on Variable Rate	'	3.00%	'	3.00%	'
Derivative, Remaining Maturity	'	'	'	'	'5 years
Derivative Liability, Notional Amount	'	'	'	'	4,500,000
Derivative, Swaption Interest Rate	'	'	'	'	4.11%
Derivative, Average Swaption Interest Rate	'	'	'	'	4.11%
Long-term Debt and Capital Lease Obligations	180,544	'	'	'	'
Long-term Debt and Capital Lease Obligations, Current	$73,793	'	'	'	'

Note_7_LongTerm_Debt_Details_M

Note 7 - Long-Term Debt (Details) - Maturities of Long-term Debt (USD $)	Sep. 30, 2014
Maturities of Long-term Debt [Abstract]	'
2015	$973,793
2016	963,680
2017	541,364
2018	16,027
Thereafter	10,680
	$2,505,544

Note_8_Income_taxes_Details

Note 8 - Income taxes (Details) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Income Tax Disclosure [Abstract]	'	'	'	'
Income Tax Expense (Benefit)	$905,000	$861,000	($12,869,000)	$2,411,000
Effective Income Tax Rate Reconciliation, Percent	31.00%	'	31.00%	'

Note_9_Major_Customers_Details

Note 9 - Major Customers (Details)

9 Months Ended

9 Months Ended

12 Months Ended

9 Months Ended

12 Months Ended

9 Months Ended

12 Months Ended

9 Months Ended

12 Months Ended

9 Months Ended

12 Months Ended

9 Months Ended

12 Months Ended

9 Months Ended

12 Months Ended

9 Months Ended

12 Months Ended

Sep. 30, 2014

Sep. 30, 2013

Dec. 31, 2013

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Customer A [Member]

Customer A [Member]

Customer A [Member]

Customer A [Member]

Customer A [Member]

Customer A [Member]

Customer B [Member]

Customer B [Member]

Customer B [Member]

Customer B [Member]

Customer B [Member]

Customer B [Member]

Customer C [Member]

Customer C [Member]

Customer C [Member]

Customer C [Member]

Customer C [Member]

Customer C [Member]

U.S. Government [Member]

U.S. Government [Member]

U.S. Government [Member]

U.S. Government [Member]

Customer D [Member]

Customer D [Member]

Sales Revenue, Net [Member]

Sales Revenue, Net [Member]

Costs and Estimated Earnings in Excess of Billings on Uncompleted Contracts [Member]

Costs and Estimated Earnings in Excess of Billings on Uncompleted Contracts [Member]

Accounts Receivable [Member]

Accounts Receivable [Member]

Sales Revenue, Net [Member]

Sales Revenue, Net [Member]

Costs and Estimated Earnings in Excess of Billings on Uncompleted Contracts [Member]

Costs and Estimated Earnings in Excess of Billings on Uncompleted Contracts [Member]

Accounts Receivable [Member]

Accounts Receivable [Member]

Sales Revenue, Net [Member]

Sales Revenue, Net [Member]

Costs and Estimated Earnings in Excess of Billings on Uncompleted Contracts [Member]

Costs and Estimated Earnings in Excess of Billings on Uncompleted Contracts [Member]

Accounts Receivable [Member]

Accounts Receivable [Member]

Sales Revenue, Net [Member]

Sales Revenue, Net [Member]

Costs and Estimated Earnings in Excess of Billings on Uncompleted Contracts [Member]

Costs and Estimated Earnings in Excess of Billings on Uncompleted Contracts [Member]

Costs and Estimated Earnings in Excess of Billings on Uncompleted Contracts [Member]

Costs and Estimated Earnings in Excess of Billings on Uncompleted Contracts [Member]

Customer Concentration Risk [Member]

Customer Concentration Risk [Member]

Customer Concentration Risk [Member]

Customer Concentration Risk [Member]

Customer Concentration Risk [Member]

Customer Concentration Risk [Member]

Customer Concentration Risk [Member]

Customer Concentration Risk [Member]

Customer Concentration Risk [Member]

Customer Concentration Risk [Member]

Customer Concentration Risk [Member]

Customer Concentration Risk [Member]

Customer Concentration Risk [Member]

Customer Concentration Risk [Member]

Customer Concentration Risk [Member]

Customer Concentration Risk [Member]

Customer Concentration Risk [Member]

Customer Concentration Risk [Member]

Customer Concentration Risk [Member]

Customer Concentration Risk [Member]

Maximum [Member]

Maximum [Member]

Customer Concentration Risk [Member]

Customer Concentration Risk [Member]

Customer Concentration Risk [Member]

Customer Concentration Risk [Member]

Note 9 - Major Customers (Details) [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of Large Customers Contributed to Revenue of Entity

3

3

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Concentration Risk, Percentage

'

'

'

26.00%

27.00%

27.00%

40.00%

33.00%

28.00%

22.00%

22.00%

25.00%

17.00%

17.00%

24.00%

11.00%

18.00%

13.00%

16.00%

16.00%

20.00%

1.20%

2.00%

1.00%

1.00%

8.00%

10.00%

Number of Large Commercial Customers Accounted for Major Share in Costs and Estimated Earnings in Excess of Billings on Uncompleted Contracts

4

'

4

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of Large Customers Included in Accounts Receivable of Entity

3

'

3

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'