Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets (Unaudited)

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Consolidated Balance Sheets (Unaudited) (USD $)
Sep. 30, 2014
Dec. 31, 2013
Current assets:    
Cash $ 1,673,000 $ 333,000
Restricted cash 1,332,000 35,000
Accounts receivable, net of allowance for doubtful accounts of $1,905 and $1,932, respectively 9,798,000 8,106,000
Unbilled receivables - current 5,816,000 4,917,000
Inventories 445,000 520,000
Prepaid and other assets 3,461,000 3,084,000
Current assets related to discontinued operations 26,000 3,114,000
Total current assets 22,551,000 20,109,000
Property and equipment:    
Buildings and land 19,863,000 19,486,000
Equipment 35,765,000 35,279,000
Vehicles 403,000 610,000
Leasehold improvements 11,613,000 11,625,000
Office furniture and equipment 1,911,000 2,046,000
Construction-in-progress 454,000 630,000
70,009,000 69,676,000
Less accumulated depreciation and amortization (46,454,000) (43,616,000)
Net property and equipment 23,555,000 26,060,000
Property and equipment related to discontinued operations 681,000 1,367,000
Intangibles and other long term assets:    
Permits 16,705,000 16,744,000
Goodwill   1,330,000
Other intangible assets – net 2,565,000 2,980,000
Unbilled receivables – non-current 275,000 302,000
Finite risk sinking fund 21,326,000 21,307,000
Other assets 1,290,000 1,401,000
Total assets 88,948,000 91,600,000
Current liabilities:    
Accounts payable 3,474,000 5,462,000
Accrued expenses 5,786,000 5,201,000
Disposal/transportation accrual 2,165,000 1,385,000
Unearned revenue 5,993,000 4,149,000
Current liabilities related to discontinued operations 1,594,000 3,994,000
Current portion of long-term debt 3,765,000 2,876,000
Total current liabilities 22,777,000 23,067,000
Accrued closure costs 5,437,000 5,222,000
Other long-term liabilities 787,000 739,000
Deferred tax liabilities 1,102,000 1,012,000
Long-term liabilities related to discontinued operations 1,336,000 602,000
Long-term debt, less current portion 8,571,000 11,372,000
Total long-term liabilities 17,233,000 18,947,000
Total liabilities 40,010,000 42,014,000
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 $787 and $738, respectively 1,285,000 1,285,000
Stockholders' Equity:    
Common Stock, $.001 par value; 30,000,000 and 75,000,000 shares authorized, respectively; 11,456,536 and 11,406,573 shares issued, respectively; 11,448,894 and 11,398,931 shares outstanding, respectively 11,000 11,000
Additional paid-in capital 103,654,000 103,454,000
Accumulated deficit (57,165,000) (55,078,000)
Accumulated other comprehensive (loss) income (6,000) 2,000
Less Common Stock in treasury, at cost; 7,642 shares (88,000) (88,000)
Total Perma-Fix Environmental Services, Inc. stockholders' equity 46,406,000 48,301,000
Non-controlling interest on Perma-Fix Medical S.A. 1,247,000  
Total stockholders' equity 47,653,000 48,301,000
Total liabilities and stockholders' equity $ 88,948,000 $ 91,600,000