Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.6.0.2
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2016
Dec. 31, 2015
Current assets:    
Cash $ 163 $ 1,435
Restricted cash 99
Accounts receivable, net of allowance for doubtful accounts of $272 and $1,474, respectively 8,705 9,673
Unbilled receivables - current 2,926 4,569
Inventories 370 377
Prepaid and other assets 2,358 3,929
Current assets related to discontinued operations 85 34
Total current assets 14,607 20,116
Property and equipment:    
Buildings and land 22,544 20,209
Equipment 33,454 35,191
Vehicles 409 422
Leasehold improvements 11,626 11,626
Office furniture and equipment 1,738 1,755
Construction-in-progress 667 497
70,438 69,700
Less accumulated depreciation (53,323) (49,707)
Net property and equipment 17,115 19,993
Property and equipment related to discontinued operations 81 531
Intangibles and other long term assets:    
Permits 8,474 16,761
Other intangible assets - net 1,721 2,066
Accounts receivable - non-current 212
Unbilled receivables – non-current 216 707
Finite risk sinking fund 21,487 21,380
Other assets 1,154 1,359
Other assets related to discontinued operations 268
Total assets [1] 65,335 82,913
Current liabilities:    
Accounts payable 4,244 6,109
Accrued expenses 4,094 4,341
Disposal/transportation accrual 1,390 1,107
Deferred revenue 2,691 2,631
Accrued closure costs - current 2,177
Current portion of long-term debt 1,184 1,481
Current portion of long-term debt - related party 950
Current liabilities related to discontinued operations 958 531
Total current liabilities 16,738 17,150
Accrued closure costs 5,138 5,301
Other long-term liabilities 931 867
Deferred tax liabilities 2,362 5,424
Long-term debt, less current portion 7,649 7,405
Long-term liabilities related to discontinued operations 361 1,064
Total long-term liabilities 16,441 20,061
Total liabilities 33,179 37,211
Commitments and Contingencies (Note 14)
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 $931 and $867, respectively (Note 8) 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; 11,677,025 and 11,551,232 shares issued, respectively; 11,669,383 and 11,543,590 shares outstanding, respectively 11 11
Additional paid-in capital 106,048 105,556
Accumulated deficit (74,213) (60,808)
Accumulated other comprehensive loss (162) (117)
Less Common Stock in treasury, at cost; 7,642 shares (88) (88)
Total Perma-Fix Environmental Services, Inc. stockholders' equity 31,596 44,554
Non-controlling interest (725) (137)
Total stockholders' equity 30,871 44,417
Total liabilities and stockholders' equity $ 65,335 $ 82,913
[1] Segment assets have been adjusted for intercompany accounts to reflect actual assets for each segment.