Who is Williams Industrial

Balance Sheet

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 5,705 $ 7,350
Restricted cash 468 468
Accounts receivable, net of allowance of $374 and $377, respectively 32,662 38,218
Contract assets 16,401 7,225
Other current assets 2,570 2,483
Total current assets 57,806 55,744
Property, plant and equipment, net 274 273
Goodwill 35,400 35,400
Intangible assets 12,500 12,500
Other long-term assets 8,611 8,549
Total assets 114,591 112,466
Current liabilities:    
Accounts payable 12,941 16,618
Accrued compensation and benefits 12,487 9,318
Contract liabilities 3,400 2,699
Short-term borrowings 6,397 10,849
Current portion of long-term debt 875 700
Other current liabilities 7,941 6,408
Total current liabilities 44,380 46,932
Long-term debt, net 32,418 32,658
Deferred tax liabilities 2,231 2,198
Other long-term liabilities 3,337 4,028
Total liabilities 86,842 90,302
Commitments and contingencies (Note 9 and 11)
Stockholders’ equity:    
Common stock, $0.01 par value, 170,000,000 shares authorized and 25,602,226 and 19,794,270 shares issued, respectively, and 24,903,913 and 19,057,195 shares outstanding, respectively 252 198
Paid-in capital 88,753 81,964
Accumulated other comprehensive income (loss) (36) 222
Accumulated deficit (61,212) (60,211)
Treasury stock, at par (698,313 and 737,075 common shares, respectively) (8) (9)
Total stockholders’ equity 27,749 22,164
Total liabilities and stockholders’ equity 114,591 112,466
Discontinued operations, held-for-sale or disposed of by sale    
Current liabilities:    
Current liabilities of discontinued operations 339 340
Long-term liabilities of discontinued operations $ 4,476 $ 4,486

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