Who is Williams Industrial

Balance Sheet

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 7,350 $ 4,475
Restricted cash 468 467
Accounts receivable, net of allowance of $377 and $140, respectively 38,218 22,724
Contract assets 7,225 8,218
Other current assets 2,483 1,735
Total current assets 55,744 37,619
Property, plant and equipment, net 273 335
Goodwill 35,400 35,400
Intangible assets 12,500 12,500
Other long-term assets 8,549 1,650
Total assets 112,466 87,504
Current liabilities:    
Accounts payable 16,618 2,953
Accrued compensation and benefits 9,318 10,859
Contract liabilities 2,699 3,278
Short-term borrowings 10,849 3,274
Current portion of long-term debt 700 525
Other current liabilities 6,408 5,518
Total current liabilities 46,932 27,047
Long-term debt, net 32,658 32,978
Deferred tax liabilities 2,198 2,682
Other long-term liabilities 4,028 1,396
Total liabilities 90,302 69,291
Commitments and contingencies (Note 11 and 15)
Stockholders’ equity:    
Common stock, $0.01 par value, 170,000,000 shares authorized and 19,794,270 and 19,767,605 shares issued, respectively, and 19,057,195 and 18,660,218 shares outstanding, respectively 198 197
Paid-in capital 81,964 80,424
Accumulated other comprehensive income (loss) 222  
Accumulated deficit (60,211) (62,397)
Treasury stock, at par (737,075 and 1,107,387 common shares, respectively) (9) (11)
Total stockholders’ equity 22,164 18,213
Total liabilities and stockholders’ equity 112,466 87,504
Discontinued operations, held-for-sale or disposed of by sale    
Current liabilities:    
Current liabilities of discontinued operations 340 640
Long-term liabilities of discontinued operations $ 4,486 $ 5,188

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