Who is Williams Industrial

Balance Sheet

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 3,998 $ 7,350
Restricted cash 468 468
Accounts receivable, net of allowance of $358 and $377, respectively 44,682 38,218
Contract assets 8,795 7,225
Other current assets 6,169 2,483
Total current assets 64,112 55,744
Property, plant and equipment, net 355 273
Goodwill 35,400 35,400
Intangible assets 12,500 12,500
Other long-term assets 6,648 8,549
Total assets 119,015 112,466
Current liabilities:    
Accounts payable 7,615 16,618
Accrued compensation and benefits 16,680 9,318
Contract liabilities 3,405 2,699
Short-term borrowings 8,307 10,849
Current portion of long-term debt 700 700
Other current liabilities 8,435 6,408
Total current liabilities 45,481 46,932
Long-term debt, net 32,462 32,658
Deferred tax liabilities 2,253 2,198
Other long-term liabilities 2,272 4,028
Total liabilities 86,932 90,302
Commitments and contingencies (Note 4, 9 and 11)
Stockholders’ equity:    
Common stock, $0.01 par value, 170,000,000 shares authorized, and 25,926,333 and 19,794,270 shares issued, respectively, and 25,336,442 and 19,057,195 shares outstanding, respectively 256 198
Paid-in capital 89,582 81,964
Accumulated other comprehensive income (loss) (66) 222
Accumulated deficit (57,681) (60,211)
Treasury stock, at par (589,891 and 737,075 common shares, respectively) (8) (9)
Total stockholders’ equity 32,083 22,164
Total liabilities and stockholders’ equity 119,015 112,466
Discontinued operations, held-for-sale or disposed of by sale    
Current liabilities:    
Current liabilities of discontinued operations 339 340
Long-term liabilities of discontinued operations $ 4,464 $ 4,486

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