Who is Williams Industrial

Balance Sheet

v3.23.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 46 $ 495
Restricted cash 467 468
Accounts receivable, net of allowance of $478 and $273, respectively 20,733 31,033
Contract assets 8,088 12,812
Other current assets 3,780 6,258
Total current assets 33,114 51,066
Property, plant, and equipment, net 838 1,257
Goodwill   35,400
Intangible assets   12,500
Deferred tax assets 127
Other long-term assets 6,748 8,275
Total assets 40,827 108,498
Current liabilities:    
Accounts payable 11,480 12,041
Accrued compensation and benefits 9,431 8,566
Contract liabilities 639 6,242
Short-term borrowings 9,022 17,399
Current portion of long-term debt 438
Other current liabilities 4,203 5,710
Current liabilities of discontinued operations 113 110
Total current liabilities 35,326 50,068
Long-term debt, net (Note 9) 30,881 23,360
Deferred tax liabilities   2,268
Other long-term liabilities 3,201 4,925
Long-term liabilities of discontinued operations 2,753 3,479
Total liabilities 72,161 84,100
Commitments and contingencies (Note 12)  
Stockholders' equity:    
Common stock, $0.01 par value, 170,000,000 shares authorized and 27,532,064 and 26,865,064 shares issued, respectively, and 27,210,391 and 26,543,391 shares outstanding, respectively 266 264
Paid-in capital 94,551 94,151
Accumulated other comprehensive loss (248) (404)
Accumulated deficit (125,898) (69,608)
Treasury stock, at par (321,673 and 321,673 common shares, respectively) (5) (5)
Total stockholders' equity (deficit) (31,334) 24,398
Total liabilities and stockholders' equity $ 40,827 $ 108,498

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