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Balance Sheet

Balance Sheet

v3.21.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 33,302 $ 42,147
Restricted cash 113 113
Accounts receivable (net of allowance for doubtful accounts of $285 and $266 as of September 30, 2021 and December 31, 2020, respectively) 98,319 85,767
Contract assets 72,193 67,098
Income tax receivable 217 0
Other current assets 5,539 4,292
Total current assets 209,683 199,417
Property and equipment, net 16,710 19,700
Intangible assets, net 11,386 11,681
Goodwill 6,129 6,129
Operating lease right-of-use assets 15,802 18,751
Deferred tax asset 5,696 6,087
Other assets 272 392
Total assets 265,678 262,157
Current liabilities:    
Current portion of long-term debt 8,460 6,536
Current operating lease liabilities 4,061 3,929
Accounts payable, including retainage 70,895 66,763
Contract liabilities 37,003 46,648
Accrued income taxes 245 1,671
Accrued expenses and other current liabilities 22,420 24,747
Total current liabilities 143,084 150,294
Long-term debt 23,094 36,513
Long-term operating lease liabilities 12,495 15,459
Other long-term liabilities 4,030 6,159
Total liabilities 182,703 208,425
Commitments and contingencies
STOCKHOLDERS’ EQUITY    
Common stock, $0.0001 par value; 100,000,000 shares authorized, 10,274,242 issued and outstanding as of September 30, 2021 and 7,926,137 at December 31, 2020 1 1
Additional paid-in capital 84,419 57,612
Accumulated deficit (1,445) (3,881)
Total stockholders’ equity 82,975 53,732
Total liabilities and stockholders’ equity $ 265,678 $ 262,157

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