Who is Williams Industrial

Balance Sheet

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 4,260 $ 2,482
Restricted cash 468 468
Accounts receivable, net of allowance of $392 and $427, respectively 33,574 35,204
Contract assets 12,838 12,683
Other current assets 11,076 11,049
Total current assets 62,216 61,886
Property, plant and equipment, net 587 653
Goodwill 35,400 35,400
Intangible assets 12,500 12,500
Other long-term assets 6,998 5,712
Total assets 117,701 116,151
Current liabilities:    
Accounts payable 16,424 12,168
Accrued compensation and benefits 12,056 12,388
Contract liabilities 2,717 3,412
Short-term borrowings   676
Current portion of long-term debt 1,050 1,050
Other current liabilities 10,288 11,017
Current liabilities of discontinued operations 337 316
Total current liabilities 42,872 41,027
Long-term debt, net 30,228 30,328
Deferred tax liabilities 2,447 2,442
Other long-term liabilities 3,539 1,647
Long-term liabilities of discontinued operations 4,207 4,250
Total liabilities 83,293 79,694
Commitments and contingencies (Note 10)  
Stockholders' equity:    
Common stock, $0.01 par value, 170,000,000 shares authorized and 26,700,683 and 26,408,789 shares issued, respectively, and 26,231,515 and 25,939,621 shares outstanding, respectively 261 261
Paid-in capital 92,080 92,227
Accumulated other comprehensive income 47 (95)
Accumulated deficit (57,974) (55,930)
Treasury stock, at par (469,168 and 469,168 common shares, respectively) (6) (6)
Total stockholders' equity 34,408 36,457
Total liabilities and stockholders' equity $ 117,701 $ 116,151

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