Who is Williams Industrial

Balance Sheet

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 3,325 $ 4,475
Restricted cash 467 467
Accounts receivable, net of allowance of $140 and $140, respectively 24,956 22,724
Contract assets 11,141 8,218
Other current assets 1,789 1,735
Total current assets 41,678 37,619
Property, plant and equipment, net 330 335
Goodwill 35,400 35,400
Intangible assets, net 12,500 12,500
Other long-term assets 9,916 1,650
Total assets 99,824 87,504
Current liabilities:    
Accounts payable 8,917 2,953
Accrued compensation and benefits 12,131 10,859
Contract liabilities 3,202 3,278
Short-term borrowings 44 3,274
Current portion of long-term debt 613 525
Other current liabilities 9,003 5,518
Total current liabilities 34,400 27,047
Long-term debt, net 32,898 32,978
Deferred tax liabilities 2,727 2,682
Other long-term liabilities 5,760 1,396
Total liabilities 81,003 69,291
Commitments and contingencies (Note 9 and 11)
Stockholders’ equity:    
Common stock, $0.01 par value, 170,000,000 shares authorized and 19,797,605 and 19,767,605 shares issued, respectively, and 19,000,381 and 18,660,218 shares outstanding, respectively 197 197
Paid-in capital 80,709 80,424
Accumulated other comprehensive income 18  
Retained earnings (deficit) (62,094) (62,397)
Treasury stock, at par (951,670 and 1,107,387 common shares, respectively) (9) (11)
Total stockholders’ equity 18,821 18,213
Total liabilities and stockholders’ equity 99,824 87,504
Discontinued operations, held-for-sale or disposed of by sale    
Current liabilities:    
Current liabilities of discontinued operations 490 640
Long-term liabilities of discontinued operations $ 5,218 $ 5,188

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