Who is Williams Industrial

Balance Sheet

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 3,361 $ 4,475
Restricted cash 467 467
Accounts receivable, net of allowance of $229 and $140, respectively 27,580 22,724
Contract assets 12,092 8,218
Other current assets 2,247 1,735
Total current assets 45,747 37,619
Property, plant and equipment, net 345 335
Goodwill 35,400 35,400
Intangible assets 12,500 12,500
Other long-term assets 9,074 1,650
Total assets 103,066 87,504
Current liabilities:    
Accounts payable 10,101 2,953
Accrued compensation and benefits 9,372 10,859
Contract liabilities 3,297 3,278
Short-term borrowings 3,642 3,274
Current portion of long-term debt 700 525
Other current liabilities 9,108 5,518
Total current liabilities 36,590 27,047
Long-term debt, net 32,818 32,978
Deferred tax liabilities 2,662 2,682
Other long-term liabilities 5,263 1,396
Total liabilities 81,820 69,291
Commitments and contingencies (Note 9 and 11)
Stockholders’ equity:    
Common stock, $0.01 par value, 170,000,000 shares authorized and 19,767,605 and 19,767,605 shares issued, respectively, and 19,019,408 and 18,660,218 shares outstanding, respectively 197 197
Paid-in capital 81,191 80,424
Accumulated other comprehensive loss (44)  
Accumulated deficit (60,089) (62,397)
Treasury stock, at par (748,197 and 1,107,387 common shares, respectively) (9) (11)
Total stockholders’ equity 21,246 18,213
Total liabilities and stockholders’ equity 103,066 87,504
Discontinued operations, held-for-sale or disposed of by sale    
Current liabilities:    
Current liabilities of discontinued operations 370 640
Long-term liabilities of discontinued operations $ 4,487 $ 5,188

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