Who is Williams Industrial

Balance Sheet

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 8,716 $ 7,350
Restricted cash 468 468
Accounts receivable, net of allowance of $351 and $377, respectively 27,549 38,218
Contract assets 7,969 7,225
Other current assets 6,457 2,483
Total current assets 51,159 55,744
Property, plant and equipment, net 309 273
Goodwill 35,400 35,400
Intangible assets 12,500 12,500
Other long-term assets 5,712 8,549
Total assets 105,080 112,466
Current liabilities:    
Accounts payable 6,210 16,618
Accrued compensation and benefits 15,800 9,318
Contract liabilities 2,529 2,699
Short-term borrowings 352 10,849
Current portion of long-term debt 1,050 700
Other current liabilities 7,170 6,408
Total current liabilities 33,453 46,932
Long-term debt, net 30,728 32,658
Deferred tax liabilities 2,440 2,198
Other long-term liabilities 2,098 4,028
Total liabilities 73,185 90,302
Commitments and contingencies (Note 11, 14, and 15)
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 90,292 81,964
Accumulated other comprehensive income 28 222
Accumulated deficit (58,673) (60,211)
Treasury stock, at par (589,891 and 737,075 common shares, respectively) (8) (9)
Total stockholders’ equity 31,895 22,164
Total liabilities and stockholders’ equity 105,080 112,466
Discontinued operations, held-for-sale or disposed of by sale    
Current liabilities:    
Current liabilities of discontinued operations 342 340
Long-term liabilities of discontinued operations $ 4,466 $ 4,486

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