Quarterly report pursuant to sections 13 or 15(d)

Consolidated Balance Sheets (Unaudited)

v2.4.0.8
Consolidated Balance Sheets (Unaudited) (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2013
Dec. 31, 2012
Jun. 30, 2012
Current assets:      
Cash $ 95 $ 4,368 $ 1,260
Restricted cash 35 35  
Accounts receivable, net of allowance for doubtful accounts of $2,335 and $2,507, respectively 10,954 11,395  
Unbilled receivables - current 7,103 8,530  
Retainage receivable 649 312  
Inventories 451 473  
Prepaid and other assets 2,467 3,282  
Deferred tax assets -current 3,178 1,553  
Current assets related to discontinued operations 686 499  
Total current assets 25,618 30,447  
Property and equipment:      
Buildings and land 26,323 26,297  
Equipment 34,728 34,657  
Vehicles 661 661  
Leasehold improvements 11,625 11,625  
Office furniture and equipment 2,105 2,116  
Construction-in-progress 399 334  
Total property and equipment 75,841 75,690  
Less accumulated depreciation and amortization (42,588) (40,376)  
Net property and equipment 33,253 35,314  
Property and equipment related to discontinued operations 1,616 1,614  
Intangibles and other long term assets:      
Permits 16,773 16,799  
Goodwill 28,037 29,186  
Other intangible assets - net 3,315 3,610  
Unbilled receivables - non-current 82 137  
Finite risk sinking fund 21,290 21,272  
Deferred tax asset, net of liabilities 1,103 1,103  
Other assets 1,475 1,549  
Total assets 132,562 [1] 141,031 153,781 [1]
Current liabilities:      
Accounts payable 6,845 8,657  
Accrued expenses 5,008 6,254  
Disposal/transportation accrual 1,233 2,294  
Unearned revenue 2,825 3,695  
Billings in excess of costs and estimated earnings 2,357 1,934  
Current liabilities related to discontinued operations 1,725 1,512  
Current portion of long-term debt 2,568 2,794  
Total current liabilities 22,561 27,140  
Accrued closure costs 11,425 11,349  
Other long-term liabilities 707 674  
Long-term liabilities related to discontinued operations 1,592 1,829  
Long-term debt, less current portion 11,850 11,402  
Total long-term liabilities 25,574 25,254  
Total liabilities 48,135 52,394  
Commitments and Contingencies        
Preferred Stock of subsidiary, $1.00 par value; 1,467,396 shares authorized, 1,284,730 shares issued and outstanding, liquidation value $1.00 per share plus accrued and unpaid dividends of $707 and $674, respectively 1,285 1,285  
Stockholders' Equity:      
Preferred Stock, $.001 par value; 2,000,000 shares authorized, no shares issued and outstanding 0 0  
Common Stock, $.001 par value; 75,000,000 shares authorized, 56,372,273 and 56,238,525 shares issued, respectively; 56,334,063 and 56,200,315 shares outstanding, respectively 56 56  
Additional paid-in capital 102,972 102,819  
Accumulated deficit (19,794) (16,005)  
Accumulated other comprehensive loss (4) (2)  
Less Common Stock in treasury, at cost; 38,210 shares (88) (88)  
Total Perma-Fix Environmental Services, Inc. stockholders' equity 83,142 86,780  
Non-controlling interest 0 572  
Total stockholders' equity 83,142 87,352  
Total liabilities and stockholders' equity $ 132,562 $ 141,031  
[1] Segment assets have been adjusted for intercompany accounts to reflect actual assets for each segment.