v3.20.2
Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Current assets:    
Cash $ 4,811 $ 390
Accounts receivable, net of allowance for doubtful accounts of $432 and $487, respectively 13,442 13,178
Unbilled receivables 14,366 7,984
Inventories 525 487
Prepaid and other assets 3,863 2,983
Current assets related to discontinued operations 17 104
Total current assets 37,024 25,126
Property and equipment:    
Buildings and land 20,049 19,967
Equipment 22,285 20,068
Vehicles 456 410
Leasehold improvements 23 23
Office furniture and equipment 1,470 1,418
Construction-in-progress 1,513 1,609
Total property and equipment 45,796 43,495
Less accumulated depreciation (27,900) (26,919)
Net property and equipment 17,896 16,576
Property and equipment related to discontinued operations 81 81
Operating lease right-of-use assets 2,353 2,545
Intangibles and other long term assets:    
Permits 8,875 8,790
Other intangible assets - net 923 1,065
Finite risk sinking fund (restricted cash) 11,418 11,307
Other assets 911 989
Other assets related to discontinued operations 36
Total assets 79,481 66,515
Current liabilities:    
Accounts payable 14,652 9,277
Accrued expenses 6,743 6,118
Disposal/transportation accrual 1,041 1,156
Deferred revenue 4,806 5,456
Accrued closure costs - current 75 84
Current portion of long-term debt [1] 828 1,300
Current portion of operating lease liabilities 265 244
Current portion of finance lease liabilities 675 471
Current liabilities related to discontinued operations 919 994
Total current liabilities 30,004 25,100
Accrued closure costs 6,207 5,957
Deferred tax liabilities 588 590
Long-term debt, less current portion 6,426 2,580
Long-term operating lease liabilities, less current portion 2,141 2,342
Long-term finance lease liabilities, less current portion 715 466
Other long-term liabilities 838
Long-term liabilities related to discontinued operations 250 244
Total long-term liabilities 17,165 12,179
Total liabilities 47,169 37,279
Commitments and Contingencies (Note 10)
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; 12,152,363 and 12,123,520 shares issued, respectively; 12,144,721 and 12,115,878 shares outstanding, respectively 12 12
Additional paid-in capital 108,790 108,457
Accumulated deficit (74,445) (77,315)
Accumulated other comprehensive loss (251) (211)
Less Common Stock in treasury, at cost; 7,642 shares (88) (88)
Total Perma-Fix Environmental Services, Inc. stockholders' equity 34,018 30,855
Non-controlling interest (1,706) (1,619)
Total stockholders' equity 32,312 29,236
Total liabilities and stockholders' equity $ 79,481 $ 66,515
[1] Net of debt discount/debt issuance costs of ($99,000) and ($248,000) at September 30, 2020 and December 31, 2019, respectively. The Promissory Note provides 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. During the first nine months of 2020, the Company made total principal repayment of $1,457,000 of which $416,000 was prepaid. At September 30, 2020, outstanding balance of the loan are current.

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