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Balance Sheet

Balance Sheet

v3.19.3
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2019
Dec. 31, 2018
Current assets    
Cash and cash equivalents $ 760 $ 1,619
Restricted cash 113 113
Accounts receivable, net 143,279 135,687
Costs and estimated earnings in excess of billings on uncompleted contracts 45,974 32,698
Other current assets (Note 14) 5,040 34,869
Total current assets 195,166 204,986
Property and equipment, net of accumulated depreciation of $15.1 million and $11.8 million at September 30, 2019 and December 31, 2018, respectively 21,560 20,527
Intangible assets, net 12,454 12,953
Goodwill 6,129 10,488
Deferred tax asset 5,315 4,409
Other assets 730 271
Total assets 241,354 253,634
Current liabilities    
Current portion of long-term debt 3,548 3,141
Accounts payable, including retainage 72,947 74,353
Billings in excess of costs and estimated earnings on uncompleted contracts 44,751 50,843
Accrued income taxes 66 0
Accrued expenses and other current liabilities (Note 14) 33,530 53,801
Total current liabilities 154,842 182,138
Long-term debt 39,583 23,614
Other long-term liabilities 1,958 1,514
Total liabilities 196,383 207,266
Commitments and contingencies (Note 14)
Redeemable convertible preferred stock, net, par value $0.0001, 1,000,000 shares authorized, no shares issued and outstanding at September 30, 2019 or December 31, 2018 0 0
STOCKHOLDERS' EQUITY    
Common stock, $0.0001 par value; 100,000,000 shares authorized, 7,688,958 issued and outstanding at September 30, 2019 and 7,592,911 at December 31, 2018 1 1
Additional paid-in capital 56,164 54,791
Accumulated deficit (11,194) (8,424)
Total stockholders' equity 44,971 46,368
Total liabilities and stockholders' equity $ 241,354 $ 253,634

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