Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets (Unaudited)

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Consolidated Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2015
Dec. 31, 2014
Current assets:    
Cash $ 1,041,000 $ 3,680,000
Restricted cash 152,000 85,000
Accounts receivable, net of allowance for doubtful accounts of $1,886 and $2,170, respectively 9,615,000 8,272,000
Unbilled receivables - current 5,865,000 7,177,000
Inventories 404,000 498,000
Prepaid and other assets 2,813,000 3,010,000
Deferred tax asset - current 385,000 385,000
Current assets related to discontinued operations 22,000 20,000
Total current assets 20,297,000 23,127,000
Property and equipment:    
Buildings and land 20,196,000 20,362,000
Equipment 35,631,000 35,434,000
Vehicles 403,000 403,000
Leasehold improvements 11,613,000 11,613,000
Office furniture and equipment 1,828,000 1,799,000
Construction-in-progress 380,000 336,000
70,051,000 69,947,000
Less accumulated depreciation and amortization (48,780,000) (47,123,000)
Net property and equipment 21,271,000 22,824,000
Property and equipment related to discontinued operations 531,000 681,000
Intangibles and other long term assets:    
Permits 16,751,000 16,709,000
Other intangible assets - net 2,214,000 2,435,000
Unbilled receivables – non-current 253,000 273,000
Finite risk sinking fund 21,351,000 21,334,000
Other assets 1,178,000 1,253,000
Total assets 83,846,000 88,636,000
Current liabilities:    
Accounts payable 5,485,000 5,350,000
Accrued expenses 4,212,000 4,540,000
Disposal/transportation accrual 1,412,000 1,737,000
Deferred revenue 3,321,000 4,873,000
Current liabilities related to discontinued operations 2,042,000 2,137,000
Current portion of long-term debt 2,310,000 2,319,000
Current portion of long-term debt - related party 1,414,000 1,414,000
Total current liabilities 20,196,000 22,370,000
Accrued closure costs 5,237,000 5,508,000
Other long-term liabilities 835,000 803,000
Deferred tax liabilities 5,462,000 5,391,000
Long-term liabilities related to discontinued operations 675,000 590,000
Long-term debt, less current portion 7,220,000 6,690,000
Long-term debt, less current portion - related party 242,000 949,000
Total long-term liabilities 19,671,000 19,931,000
Total liabilities 39,867,000 42,301,000
Commitments and Contingencies (Note 8) 0 0
Series B 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 $835 and $803, respectively 1,285,000 1,285,000
Stockholders' Equity:    
Preferred Stock, $.001 par value; 2,000,000 shares authorized, no shares issued and outstanding 0 0
Common Stock, $.001 par value; 30,000,000 shares authorized; 11,512,783 and 11,476,485 shares issued, respectively; 11,505,141 and 11,468,843 shares outstanding, respectively 11,000 11,000
Additional paid-in capital 103,958,000 103,765,000
Accumulated deficit (61,976,000) (59,758,000)
Accumulated other comprehensive (loss) income (63,000) 11,000
Less Common Stock in treasury, at cost; 7,642 shares (88,000) (88,000)
Total Perma-Fix Environmental Services, Inc. stockholders' equity 41,842,000 43,941,000
Non-controlling interest 852,000 1,109,000
Total stockholders' equity 42,694,000 45,050,000
Total liabilities and stockholders' equity $ 83,846,000 $ 88,636,000