Who is Williams Industrial

Balance Sheet

v3.21.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 5,444 $ 8,716
Restricted cash 468 468
Accounts receivable, net of allowance of $333 and $351, respectively 29,258 27,549
Contract assets 12,528 7,969
Other current assets 6,461 6,457
Total current assets 54,159 51,159
Property, plant and equipment, net 325 309
Goodwill 35,400 35,400
Intangible assets 12,500 12,500
Other long-term assets 5,833 5,712
Total assets 108,217 105,080
Current liabilities:    
Accounts payable 5,373 6,210
Accrued compensation and benefits 21,760 15,800
Contract liabilities 1,978 2,529
Short-term borrowings 1,151 352
Current portion of long-term debt 1,050 1,050
Other current liabilities 6,837 7,170
Total current liabilities 38,488 33,453
Long-term debt, net 30,628 30,728
Deferred tax liabilities 2,427 2,440
Other long-term liabilities 1,871 2,098
Total liabilities 77,913 73,185
Commitments and contingencies (Note 10)  
Stockholders’ equity:    
Common stock, $0.01 par value, 170,000,000 shares authorized, and 26,365,169 and 25,926,333 shares issued, respectively, and 25,896,001 and 25,336,442 shares outstanding, respectively 260 256
Paid-in capital 90,372 90,292
Accumulated other comprehensive income 32 28
Accumulated deficit (60,354) (58,673)
Treasury stock, at par (469,168 and 589,891 common shares, respectively) (6) (8)
Total stockholders’ equity 30,304 31,895
Total liabilities and stockholders’ equity 108,217 105,080
Discontinued operations disposed of by sale    
Current liabilities:    
Current liabilities of discontinued operations 339 342
Long-term liabilities of discontinued operations $ 4,499 $ 4,466

Source