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Balance Sheet

Balance Sheet

v3.21.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
Current assets    
Cash and cash equivalents $ 27,693 $ 42,147
Restricted cash 113 113
Accounts receivable, net 94,615 85,767
Contract assets 70,815 67,098
Income tax receivable 891 0
Other current assets 5,599 4,292
Total current assets 199,726 199,417
Property and equipment, net 17,433 19,700
Intangible assets, net 11,473 11,681
Goodwill 6,129 6,129
Operating lease right-of-use assets 16,852 18,751
Deferred tax asset 6,393 6,087
Other assets 283 392
Total assets 258,289 262,157
Current liabilities    
Current portion of long-term debt 8,454 6,536
Current operating lease liabilities 4,122 3,929
Accounts payable, including retainage 66,954 66,763
Contract liabilities 39,179 46,648
Accrued income taxes 0 1,671
Accrued expenses and other current liabilities 19,215 24,747
Total current liabilities 137,924 150,294
Long-term debt 24,721 36,513
Long-term operating lease liabilities 13,454 15,459
Other long-term liabilities 4,031 6,159
Total liabilities 180,130 208,425
Commitments and contingencies
STOCKHOLDERS’ EQUITY    
Common stock, $0.0001 par value; 100,000,000 shares authorized, 10,251,696 issued and outstanding at June 30, 2021 and 7,926,137 at December 31, 2020 1 1
Additional paid-in capital 83,589 57,612
Accumulated deficit (5,431) (3,881)
Total stockholders’ equity 78,159 53,732
Total liabilities and stockholders’ equity $ 258,289 $ 262,157

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