Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets (Current Period Unaudited)

v3.7.0.1
Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2017
Dec. 31, 2016
Current assets:    
Cash $ 134 $ 163
Accounts receivable, net of allowance for doubtful accounts of $255 and $272, respectively 6,851 8,705
Unbilled receivables - current 4,002 2,926
Inventories 392 370
Prepaid and other assets 2,949 2,358
Finite risk sinking fund receivable 5,949
Current assets related to discontinued operations 88 85
Total current assets 20,365 14,607
Property and equipment:    
Buildings and land 22,544 22,544
Equipment 33,460 33,454
Vehicles 409 409
Leasehold improvements 11,626 11,626
Office furniture and equipment 1,738 1,738
Construction-in-progress 667 667
70,444 70,438
Less accumulated depreciation (54,384) (53,323)
Net property and equipment 16,060 17,115
Property and equipment related to discontinued operations 81 81
Intangibles and other long term assets:    
Permits 8,461 8,474
Other intangible assets - net 1,649 1,721
Accounts receivable - non-current 99 212
Unbilled receivables - non-current 273 216
Finite risk sinking fund 15,573 21,487
Other assets 1,116 1,154
Other assets related to discontinued operations 251 268
Total assets 63,928 65,335
Current liabilities:    
Accounts payable 5,640 4,244
Accrued expenses 4,408 4,094
Disposal/transportation accrual 1,799 1,390
Deferred revenue 1,782 2,691
Accrued closure costs - current 2,906 2,177
Current portion of long-term debt 1,184 1,184
Current liabilities related to discontinued operations 950 958
Total current liabilities 18,669 16,738
Accrued closure costs 4,325 5,138
Other long-term liabilities 947 931
Deferred tax liabilities 2,397 2,362
Long-term debt, less current portion 5,794 7,649
Long-term liabilities related to discontinued operations 363 361
Total long-term liabilities 13,826 16,441
Total liabilities 32,495 33,179
Commitments and Contingencies (Note 9)
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 $947and $931, 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; 30,000,000 shares authorized; 11,688,991 and 11,677,025 shares issued, respectively; 11,681,349 and 11,669,383 shares outstanding, respectively 11 11
Additional paid-in capital 106,119 106,048
Accumulated deficit (74,940) (74,213)
Accumulated other comprehensive loss (150) (162)
Less Common Stock held in treasury, at cost; 7,642 shares (88) (88)
Total Perma-Fix Environmental Services, Inc. stockholders' equity 30,952 31,596
Non-controlling interest in subsidiary (804) (725)
Total stockholders' equity 30,148 30,871
Total liabilities and stockholders' equity $ 63,928 $ 65,335