Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.3.1.900
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2015
Dec. 31, 2014
Current assets:    
Cash $ 1,435 $ 3,680
Restricted cash 99 85
Accounts receivable, net of allowance for doubtful accounts of $1,474 and $2,170, respectively 9,673 8,272
Unbilled receivables - current 4,569 7,177
Inventories 377 498
Prepaid and other assets 4,081 3,010
Current assets related to discontinued operations 34 20
Total current assets 20,268 22,742
Property and equipment:    
Buildings and land 20,209 20,362
Equipment 35,191 35,434
Vehicles 422 403
Leasehold improvements 11,626 11,613
Office furniture and equipment 1,755 1,799
Construction-in-progress 497 336
69,700 69,947
Less accumulated depreciation (49,707) (47,123)
Net property and equipment 19,993 22,824
Property and equipment related to discontinued operations 531 681
Intangibles and other long term assets:    
Permits 16,761 16,709
Other intangible assets - net 2,066 2,435
Unbilled receivables – non-current 707 273
Finite risk sinking fund 21,380 21,334
Other assets 1,359 1,253
Total assets [1] 83,065 88,251
Current liabilities:    
Accounts payable 6,109 5,350
Accrued expenses 4,341 4,540
Disposal/transportation accrual 1,107 1,737
Deferred revenue 2,631 4,873
Current liabilities related to discontinued operations 531 2,137
Current portion of long-term debt 1,508 2,319
Current portion of long-term debt - related party 950 1,414
Total current liabilities 17,177 22,370
Accrued closure costs 5,301 5,508
Other long-term liabilities 867 803
Deferred tax liabilities 5,424 5,006
Long-term liabilities related to discontinued operations 1,064 590
Long-term debt, less current portion $ 7,530 6,690
Long-term debt, less current portion - related party 949
Total long-term liabilities $ 20,186 19,546
Total liabilities $ 37,363 $ 41,916
Commitments and Contingencies (Note 13)
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 $867 and $803, respectively $ 1,285 $ 1,285
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; 11,551,232 and 11,476,485 shares issued, respectively; 11,543,590 and 11,468,843 shares outstanding, respectively $ 11 $ 11
Additional paid-in capital 105,556 104,541
Accumulated deficit (60,808) (59,758)
Accumulated other comprehensive (loss) income (117) 11
Less Common Stock in treasury, at cost; 7,642 shares (88) (88)
Total Perma-Fix Environmental Services, Inc. stockholders' equity 44,554 44,717
Non-controlling interest (137) 333
Total stockholders' equity 44,417 45,050
Total liabilities and stockholders' equity $ 83,065 $ 88,251
[1] Segment assets have been adjusted for intercompany accounts to reflect actual assets for each segment.