Who is Williams Industrial

Balance Sheet

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 2,004 $ 4,475
Restricted cash 468 467
Accounts receivable, net of allowance of $193 and $140, respectively 30,514 22,724
Contract assets 12,377 8,218
Other current assets 3,653 1,735
Total current assets 49,016 37,619
Property, plant and equipment, net 285 335
Goodwill 35,400 35,400
Intangible assets 12,500 12,500
Other long-term assets 8,752 1,650
Total assets 105,953 87,504
Current liabilities:    
Accounts payable 10,969 2,953
Accrued compensation and benefits 9,233 10,859
Contract liabilities 5,317 3,278
Short-term borrowings 3,898 3,274
Current portion of long-term debt 700 525
Other current liabilities 9,807 5,518
Total current liabilities 40,266 27,047
Long-term debt, net 32,738 32,978
Deferred tax liabilities 2,614 2,682
Other long-term liabilities 4,736 1,396
Total liabilities 84,820 69,291
Commitments and contingencies (Note 9 and 11)
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 81,380 80,424
Accumulated other comprehensive loss (27)  
Accumulated deficit (60,409) (62,397)
Treasury stock, at par (737,075 and 1,107,387 common shares, respectively) (9) (11)
Total stockholders’ equity 21,133 18,213
Total liabilities and stockholders’ equity 105,953 87,504
Discontinued operations, held-for-sale or disposed of by sale    
Current liabilities:    
Current liabilities of discontinued operations 342 640
Long-term liabilities of discontinued operations $ 4,466 $ 5,188

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