Annual report pursuant to section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2012
Dec. 31, 2011
Current assets:    
Cash $ 4,368 $ 12,055
Restricted cash 35 1,535
Accounts receivable, net of allowance for doubtful accounts of $2,507 and $2,441, respectively 11,395 16,848 [1]
Unbilled receivables - current 8,530 9,632
Retainage receivable 312 912
Inventories 473 573
Prepaid and other assets 3,282 4,661
Deferred tax assets - current 1,316 3,365
Current assets related to discontinued operations 499 693
Total current assets 30,210 50,274
Property and equipment:    
Buildings and land 26,297 26,026
Equipment 34,657 34,283
Vehicles 661 818
Leasehold improvements 11,625 11,529
Office furniture and equipment 2,116 2,081
Construction-in-progress 334 764
Total property and equipment 75,690 75,501
Less accumulated depreciation and amortization (40,376) (35,666)
Net property and equipment 35,314 39,835
Property and equipment related to discontinued operations 1,614 1,650
Intangibles and other long term assets:    
Permits 16,799 16,854
Goodwill 29,186 [2] 29,186 [1],[2]
Other intangible assets - net 3,610 4,517 [1]
Unbilled receivables - non-current 137 424
Finite risk sinking fund 21,272 19,354
Other assets 1,549 1,560
Total assets 139,691 163,654
Current liabilities:    
Accounts payable 8,657 13,313 [1]
Accrued expenses 6,672 9,434 [1]
Disposal/transportation accrual 2,294 1,957
Unearned revenue 3,695 6,260
Billing in excess of costs and estimated earnings 1,934 6,058
Current liabilities related to discontinued operations 1,512 2,197
Current portion of long-term debt 2,794 3,521
Total current liabilities 27,558 42,740
Accrued closure costs 11,349 11,937
Other long-term liabilities 674 610
Deferred tax liabilities 1,340 4,088
Long-term liabilities related to discontinued operations 1,829 1,775
Long-term debt, less current portion 11,402 14,195 [1]
Total long-term liabilities 26,594 32,605
Total liabilities 54,152 75,345
Commitments and Contingencies      
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 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; 75,000,000 shares authorized, 11,247,642 and 11,213,587 shares issued, respectively; 11,240,000 and 11,205,945 shares outstanding, respectively 11 11
Additional paid-in capital 102,864 102,456
Accumulated deficit (19,103) (15,744) [1]
Accumulated other comprehensive loss (2) (3)
Less Common Stock in treasury, at cost; 7,642 shares (88) (88)
Total Perma-Fix Environmental Services, Inc. stockholders' equity 83,682 86,632
Non-controlling interest 572 392
Total stockholders' equity 84,254 87,024
Total liabilities and stockholders' equity $ 139,691 $ 163,654
[1] As presented in the accompanying consolidated financial statements contained herein within this Form 10-K/A – Amendment No. 1.
[2] No impairment losses have been recorded.