Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.22.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2021
Dec. 31, 2020
Current assets:    
Cash $ 4,440,000 $ 7,924,000
Accounts receivable, net of allowance for doubtful accounts of $85 and $404, respectively 11,372,000 9,659,000
Unbilled receivables 8,995,000 14,453,000
Inventories 680,000 610,000
Prepaid and other assets 4,472,000 3,967,000
Current assets related to discontinued operations 15,000 22,000
Total current assets 29,974,000 36,635,000
Property and equipment:    
Buildings and land 20,631,000 20,139,000
Equipment 22,131,000 22,090,000
Vehicles 443,000 457,000
Leasehold improvements 23,000 23,000
Office furniture and equipment 1,316,000 1,413,000
Construction-in-progress 2,997,000 1,569,000
Total property and equipment 47,541,000 45,691,000
Less accumulated depreciation (28,932,000) (27,908,000)
Net property and equipment 18,609,000 17,783,000
Property and equipment related to discontinued operations 81,000 81,000
Operating lease right-of-use assets 2,460,000 2,287,000
Intangibles and other long term assets:    
Permits 9,476,000 8,922,000
Other intangible assets - net 894,000 875,000
Finite risk sinking fund (restricted cash) 11,471,000 11,446,000
Deferred tax assets 3,527,000
Other assets 809,000 890,000
Total assets [1] 77,301,000 78,919,000
Current liabilities:    
Accounts payable 11,975,000 15,382,000
Accrued expenses 5,078,000 6,381,000
Disposal/transportation accrual 1,065,000 1,220,000
Deferred revenue 5,580,000 4,614,000
Accrued closure costs - current 578,000 75,000
Current portion of long-term debt 393,000 3,595,000
Current portion of operating lease liabilities 406,000 273,000
Current portion of finance lease liabilities 333,000 525,000
Current liabilities related to discontinued operations 506,000 898,000
Total current liabilities 25,914,000 32,963,000
Accrued closure costs 6,613,000 6,290,000
Deferred tax liabilities 471,000
Long-term debt, less current portion 600,000 3,134,000
Long-term operating lease liabilities, less current portion 2,029,000 2,070,000
Long-term finance lease liabilities, less current portion 884,000 662,000
Other long-term liabilities 626,000
Long-term liabilities related to discontinued operations 677,000 252,000
Total long-term liabilities 10,803,000 13,505,000
Total liabilities 36,717,000 46,468,000
Commitments and Contingencies (Note 15)
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; 13,222,552 and 12,161,539 shares issued, respectively; 13,214,910 and 12,153,897 shares outstanding, respectively 13,000 12,000
Additional paid-in capital 114,307,000 108,931,000
Accumulated deficit (73,620,000) (74,455,000)
Accumulated other comprehensive loss (28,000) (207,000)
Less Common Stock in treasury, at cost; 7,642 shares (88,000) (88,000)
Total Perma-Fix Environmental Services, Inc. stockholders’ equity 40,584,000 34,193,000
Non-controlling interest (1,742,000)
Total stockholders’ equity 40,584,000 32,451,000
Total liabilities and stockholders’ equity $ 77,301,000 $ 78,919,000
[1] Segment assets have been adjusted for intercompany accounts to reflect actual assets for each segment.