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Balance Sheet

Balance Sheet

v3.19.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2019
Dec. 31, 2018
Current assets    
Cash and cash equivalents $ 3,804 $ 1,619
Restricted cash 113 113
Accounts receivable, net 132,102 135,687
Costs and estimated earnings in excess of billings on uncompleted contracts 34,170 32,698
Other current assets (Note 14) 4,618 34,869
Total current assets 174,807 204,986
Property and equipment, net of accumulated depreciation of $13.0 million and $11.8 million at March 31, 2019 and December 31, 2018, respectively 20,595 20,527
Intangible assets, net 12,778 12,953
Goodwill 10,488 10,488
Deferred tax asset 3,701 4,409
Other assets 1,686 271
Total assets 224,055 253,634
Current liabilities    
Current portion of long-term debt 2,076 3,141
Accounts payable, including retainage 70,713 74,353
Billings in excess of costs and estimated earnings on uncompleted contracts 44,197 50,843
Accrued income taxes 138 0
Accrued expenses and other current liabilities (Note 14) 22,337 53,801
Total current liabilities 139,461 182,138
Long-term debt 34,339 23,614
Other long-term liabilities 1,374 1,514
Total liabilities 175,174 207,266
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 March 31, 2019 or December 31, 2018 0 0
STOCKHOLDERS' EQUITY    
Common stock, $0.0001 par value; 100,000,000 shares authorized, 7,643,133 issued and outstanding at March 31, 2019 and 7,592,911 at December 31, 2018 1 1
Additional paid-in capital 55,158 54,791
Accumulated deficit (6,278) (8,424)
Total stockholders' equity 48,881 46,368
Total liabilities and stockholders' equity $ 224,055 $ 253,634

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