Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 656 $ 2,482
Restricted cash 468 468
Accounts receivable, net of allowance of $327 and $427, respectively 33,267 35,204
Contract assets 13,483 12,683
Other current assets 10,812 11,049
Total current assets 58,686 61,886
Property, plant and equipment, net 977 653
Goodwill 35,400 35,400
Intangible assets 12,500 12,500
Other long-term assets 7,640 5,712
Total assets 115,203 116,151
Current liabilities:    
Accounts payable 10,939 12,168
Accrued compensation and benefits 9,182 12,388
Contract liabilities 2,289 3,412
Short-term borrowings 10,223 676
Current portion of long-term debt 1,050 1,050
Other current liabilities 10,226 11,017
Current liabilities of discontinued operations 104 316
Total current liabilities 44,013 41,027
Long-term debt, net (Note 8) 30,128 30,328
Deferred tax liabilities 2,445 2,442
Other long-term liabilities 4,443 1,647
Long-term liabilities of discontinued operations 3,523 4,250
Total liabilities 84,552 79,694
Commitments and contingencies (Note 10)  
Stockholders' equity:    
Common stock, $0.01 par value, 170,000,000 shares authorized and 26,869,938 and 26,408,789 shares issued, respectively, and 26,427,635 and 25,939,621 shares outstanding, respectively 263 261
Paid-in capital 93,208 92,227
Accumulated other comprehensive loss (122) (95)
Accumulated deficit (62,692) (55,930)
Treasury stock, at par (442,303 and 469,168 common shares, respectively) (6) (6)
Total stockholders' equity 30,651 36,457
Total liabilities and stockholders' equity $ 115,203 $ 116,151