v3.26.1
Trinity Acquisition-Schedule of Sets Forth the Preliminary Allocation of the Purchase Price (Details)
6 Months Ended
Jun. 30, 2026
USD ($)
Assets acquired:  
Cash and cash equivalents $ 13,439,400
Contract receivables 101,954,686
Retention receivables 34,503,368
Contract assets (costs and estimated earnings in excess of billings on uncompleted contracts) 3,528,138
Due from affiliate 35,328,981
Reserve for amounts due from affiliate (29,917,458)
Due from affiliate, net 5,411,523
Prepaid expenses and other current assets 195,287
Property and equipment, net 354,813
Operating lease right-of-use assets 851,701
Deferred tax asset 75,845
Deposit 10,000
Customer-related and contract-based intangible assets
Total identifiable assets acquired 160,324,761
Liabilities assumed:  
Accounts payable 103,896,473
Retention payable 33,806,194
Accrued salaries and other current liabilities 726,681
Accrued liabilities – related parties 6,314,423
Contract liabilities 17,203,905
Obligation under future receivables financing, net 16,113,228
Current portion of operating lease liabilities 267,691
Current portion of long-term debt 28,169
Operating lease liabilities, net of current portion 584,010
Long-term debt, net of current portion 98,180
Total liabilities assumed 179,038,954
Net identifiable liabilities assumed 18,714,193
Total purchase price 12,400,000
Goodwill $ 31,114,193