We currently have only three projects under construction, earned all our revenues in 2010 from five contracts with one customer, earned no revenue for project construction in 2009 and may not generate substantial revenues or net income in the future.
This last line is standard boilerplate found in every 10k - especially so in pennyland.
They did five commercial installations in 2010, all for G&S
Why they didn't get the $15M in work from G&S they aren't saying. G&S got an award for a job where CSKH did the work. Did G&S loose the jobs and therefore we lost them? Who's fault is it? G&S's or CSKH's why the projects stopped.
Like any company that puts all their eggs in one basket, they take the risk of the eggs breaking. But hey, look at 2009, zilch, so G&S was a good find, but just no good enough to get $15M in business
It says "currently" we have 3 projects underway. So in Q2 somethings happening. I see no mention of Q1 work in the 10k, so in 30 days we'll get that info in the 10Q.
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