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Balance Sheet

Balance Sheet

v3.10.0.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2018
Dec. 31, 2017
Current assets    
Cash and cash equivalents $ 256 $ 626
Restricted cash 113 113
Accounts receivable, net 137,357 129,343
Costs and estimated earnings in excess of billings on uncompleted contracts 32,723 33,006
Other current assets 4,566 3,172
Total current assets 175,015 166,260
Property and equipment, net of accumulated depreciation of $9.8 million and $7.8 million at June 30, 2018 and December 31, 2017, respectively 19,349 17,918
Intangible assets, net 13,554 14,225
Goodwill 10,488 10,488
Deferred tax asset 4,415 3,664
Other assets 490 465
Total assets 223,311 213,020
Current liabilities    
Current portion of long-term debt 13,479 6,358
Accounts payable, including retainage 61,422 67,438
Billings in excess of costs and estimated earnings on uncompleted contracts 43,950 28,543
Accrued income taxes 0 2,220
Accrued expenses and other current liabilities 36,821 30,925
Total current liabilities 155,672 135,484
Long-term debt 21,063 20,556
Other long-term liabilities 1,116 861
Total liabilities 177,851 156,901
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 June 30, 2018 and 280,000 issued and outstanding at December 31, 2017 ($7,853 redemption value at December 31, 2017) 0 7,959
STOCKHOLDERS' EQUITY    
Common stock, $.0001 par value; 100,000,000 shares authorized, 7,542,249 issued and outstanding at June 30, 2018 and 7,504,133 at December 31, 2017 1 1
Additional paid-in capital 53,753 54,738
Accumulated deficit (8,294) (6,579)
Total stockholders' equity 45,460 48,160
Total liabilities and stockholders' equity $ 223,311 $ 213,020

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