Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.21.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
Current assets:    
Cash $ 7,924 $ 390
Accounts receivable, net of allowance for doubtful accounts of $404 and $487, respectively 9,659 13,178
Unbilled receivables 14,453 7,984
Inventories 610 487
Prepaid and other assets 3,967 2,983
Current assets related to discontinued operations 22 104
Total current assets 36,635 25,126
Property and equipment:    
Buildings and land 20,139 19,967
Equipment 22,090 20,068
Vehicles 457 410
Leasehold improvements 23 23
Office furniture and equipment 1,413 1,418
Construction-in-progress 1,569 1,609
Total property and equipment 45,691 43,495
Less accumulated depreciation (27,908) (26,919)
Net property and equipment 17,783 16,576
Property and equipment related to discontinued operations 81 81
Operating lease right-of-use assets 2,287 2,545
Intangibles and other long term assets:    
Permits 8,922 8,790
Other intangible assets - net 875 1,065
Finite risk sinking fund (restricted cash) 11,446 11,307
Other assets 890 989
Other assets related to discontinued operations 36
Total assets [1] 78,919 66,515
Current liabilities:    
Accounts payable 15,382 9,277
Accrued expenses 6,381 6,118
Disposal/transportation accrual 1,220 1,156
Deferred revenue 4,614 5,456
Accrued closure costs - current 75 84
Current portion of long-term debt [2] 3,595 1,300
Current portion of operating lease liabilities 273 244
Current portion of finance lease liabilities 525 471
Current liabilities related to discontinued operations 898 994
Total current liabilities 32,963 25,100
Accrued closure costs 6,290 5,957
Deferred tax liabilities 471 590
Long-term debt, less current portion 3,134 2,580
Long-term operating lease liabilities, less current portion 2,070 2,342
Long-term finance lease liabilities, less current portion 662 466
Other long-term liabilities 626
Long-term liabilities related to discontinued operations 252 244
Total long-term liabilities 13,505 12,179
Total liabilities 46,468 37,279
Commitments and Contingencies (Note 14)  
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; 12,161,539 and 12,123,520 shares issued, respectively; 12,153,897 and 12,115,878 shares outstanding, respectively 12 12
Additional paid-in capital 108,931 108,457
Accumulated deficit (74,455) (77,315)
Accumulated other comprehensive loss (207) (211)
Less Common Stock in treasury, at cost; 7,642 shares (88) (88)
Total Perma-Fix Environmental Services, Inc. stockholders' equity 34,193 30,855
Non-controlling interest (1,742) (1,619)
Total stockholders' equity 32,451 29,236
Total liabilities and stockholders' equity $ 78,919 $ 66,515
[1] Segment assets have been adjusted for intercompany accounts to reflect actual assets for each segment.
[2] Net of debt discount/debt issuance costs of ($0) and ($248,000) at December 31, 2020 and December 31, 2019, respectively. The Promissory Note provided for prepayment of principal over the term of the Note without penalty. In 2019, the Company made total prepayment of principal of $520,000 which was reflected in the current portion of the debt. In 2020, the outstanding principal balance of $1,980,000 was paid-in-full of which of which $416,000 was prepaid.