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Balance Sheet

Balance Sheet

v3.7.0.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2017
Dec. 31, 2016
Current assets    
Cash and cash equivalents $ 6,291 $ 7,406
Restricted cash 113 113
Accounts receivable, net 107,475 113,972
Costs and estimated earnings in excess of billings on uncompleted contracts 29,722 31,959
Other current assets 4,442 1,733
Total current assets 148,043 155,183
Property and equipment, net of accumulated depreciation of $4.2 million and $2.6 million at March 31, 2017 and December 31, 2016, respectively 17,881 18,541
Intangible assets, net 16,799 17,807
Goodwill 10,488 10,488
Deferred tax asset 5,350 4,268
Other assets 558 588
Total assets 199,119 206,875
Current liabilities    
Current portion of long-term debt 5,989 4,476
Accounts payable, including retainage 53,837 57,034
Billings in excess of costs and estimated earnings on uncompleted contracts 34,115 39,190
Accrued expenses and other current liabilities 21,074 26,029
Total current liabilities 115,015 126,729
Long-term debt 26,772 21,507
Other long-term liabilities 722 817
Total liabilities 142,509 149,053
Commitments and contingencies
Redeemable convertible preferred stock, net, par value $0.0001, 1,000,000 shares authorized, 400,000 issued and outstanding at March 31, 2017 and December 31, 2016, respectively ($10,569 and $10,365 redemption value at March 31, 2017 and December 31, 2016, respectively) 10,614 10,374
STOCKHOLDERS’ EQUITY    
Common stock, $.0001 par value; 100,000,000 shares authorized, 7,454,491 issued and outstanding at March 31, 2017 and December 31, 2016, respectively 1 1
Additional paid-in capital 55,162 55,162
Accumulated deficit (9,167) (7,715)
Total stockholders’ equity 45,996 47,448
Total liabilities and stockholders’ equity $ 199,119 $ 206,875

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