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Balance Sheet

Balance Sheet

v3.8.0.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2017
Dec. 31, 2016
Current assets    
Cash and cash equivalents $ 761 $ 7,406
Restricted cash 113 113
Accounts receivable, net 119,395 113,972
Costs and estimated earnings in excess of billings on uncompleted contracts 29,679 31,959
Other current assets 3,798 1,733
Total current assets 153,746 155,183
Property and equipment, net of accumulated depreciation of $7.0 million and $2.6 million at September 30, 2017 and December 31, 2016, respectively 17,483 18,541
Intangible assets, net 14,976 17,807
Goodwill 10,488 10,488
Deferred tax asset 4,617 4,268
Other assets 497 588
Total assets 201,807 206,875
Current liabilities    
Current portion of long-term debt 5,010 4,476
Accounts payable, including retainage 56,330 57,034
Billings in excess of costs and estimated earnings on uncompleted contracts 33,067 39,190
Accrued expenses and other current liabilities 22,823 26,029
Total current liabilities 117,230 126,729
Long-term debt 29,566 21,507
Other long-term liabilities 755 817
Total liabilities 147,551 149,053
Commitments and contingencies
Redeemable convertible preferred stock, net, par value $0.0001, 1,000,000 shares authorized, 280,000 and 400,000 issued and outstanding at September 30, 2017 and December 31, 2016, respectively ($7,698 and $10,365 redemption value at September 30, 2017 and December 31, 2016, respectively) 7,779 10,374
STOCKHOLDERS’ EQUITY    
Common stock, $.0001 par value; 100,000,000 shares authorized, 7,454,602 issued and outstanding at September 30, 2017 and 7,454,491 at December 31, 2016 1 1
Additional paid-in capital 54,185 55,162
Accumulated deficit (7,709) (7,715)
Total stockholders’ equity 46,477 47,448
Total liabilities and stockholders’ equity $ 201,807 $ 206,875

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