Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

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Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash $ 18,122,000 $ 7,500,000
Accounts receivable, net of allowance for credit losses of $19 and $30, respectively 6,423,000 9,722,000
Unbilled receivables 7,076,000 8,432,000
Inventories 965,000 1,155,000
Prepaid and other assets 2,860,000 3,738,000
Current assets related to discontinued operations 5,000 13,000
Total current assets 35,451,000 30,560,000
Property and equipment:    
Buildings and land 24,319,000 24,311,000
Equipment 23,293,000 22,809,000
Vehicles 434,000 434,000
Leasehold improvements 8,000 8,000
Office furniture and equipment 1,138,000 1,130,000
Construction-in-progress 1,201,000 1,010,000
Total property and equipment 50,393,000 49,702,000
Less accumulated depreciation (31,314,000) (30,693,000)
Net property and equipment 19,079,000 19,009,000
Property and equipment related to discontinued operations [1] 130,000 81,000
Operating lease right-of-use assets 2,278,000 1,990,000
Intangibles and other long term assets:    
Permits 10,391,000 9,905,000
Other intangible assets - net 436,000 461,000
Finite risk sinking fund (restricted cash) 12,372,000 12,074,000
Deferred tax assets 6,495,000 4,299,000
Other assets 339,000 370,000
Total assets 86,971,000 78,749,000
Current liabilities:    
Accounts payable 9,111,000 9,582,000
Accrued expenses 4,207,000 6,560,000
Disposal/transportation accrual 1,926,000 1,198,000
Deferred revenue 5,818,000 6,815,000
Accrued closure costs - current 20,000 79,000
Current portion of long-term debt 546,000 773,000
Current portion of operating lease liabilities 378,000 380,000
Current portion of finance lease liabilities 286,000 291,000
Current liabilities related to discontinued operations 376,000 269,000
Total current liabilities 22,668,000 25,947,000
Accrued closure costs 8,111,000 8,051,000
Long-term debt, less current portion 1,695,000 1,975,000
Long-term operating lease liabilities, less current portion 1,956,000 1,670,000
Long-term finance lease liabilities, less current portion 636,000 776,000
Long-term liabilities related to discontinued operations 940,000 953,000
Total long-term liabilities 13,338,000 13,425,000
Total liabilities 36,006,000 39,372,000
Commitments and Contingencies (Note 9 )
Stockholders’ Equity:    
Preferred Stock, $.001 par value; 2,000,000 shares authorized, no shares issued and outstanding
Common Stock, $.001 par value; 30,000,000 shares authorized; 15,796,028 and 13,654,201 shares issued, respectively; 15,788,386 and 13,646,559 shares outstanding, respectively 16,000 14,000
Additional paid-in capital 135,686,000 116,502,000
Accumulated deficit (84,462,000) (76,951,000)
Accumulated other comprehensive loss (187,000) (100,000)
Less Common Stock in treasury, at cost; 7,642 shares (88,000) (88,000)
Total stockholders’ equity 50,965,000 39,377,000
Total liabilities and stockholders’ equity $ 86,971,000 $ 78,749,000
[1] net of accumulated depreciation of $10,000 for each period presented.