Quarterly report pursuant to sections 13 or 15(d)

Consolidated Balance Sheets (Unaudited)

v2.4.0.6
Consolidated Balance Sheets (Unaudited) (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2013
Dec. 31, 2012
Current assets:    
Cash $ 2,251 $ 4,368
Restricted cash 35 35
Accounts receivable, net of allowance for doubtful accounts of $2,207 and $2,507, respectively 10,600 11,395
Unbilled receivables - current 6,118 8,530
Retainage receivable 397 312
Inventories 447 473
Prepaid and other assets 2,985 3,282
Deferred tax assets -current 2,999 1,553
Current assets related to discontinued operations 600 499
Total current assets 26,432 30,447
Property and equipment:    
Buildings and land 26,297 26,297
Equipment 34,654 34,657
Vehicles 661 661
Leasehold improvements 11,624 11,625
Office furniture and equipment 2,119 2,116
Construction-in-progress 447 334
Total property and equipment 75,802 75,690
Less accumulated depreciation and amortization (41,498) (40,376)
Net property and equipment 34,304 35,314
Property and equipment related to discontinued operations 1,616 1,614
Intangibles and other long term assets:    
Permits 16,787 16,799
Goodwill 29,186 29,186
Other intangible assets - net 3,459 3,610
Unbilled receivables - non-current 85 137
Finite risk sinking fund 21,281 21,272
Deferred tax asset, net of liabilities 1,103 1,103
Other assets 1,512 1,549
Total assets 135,765 [1] 141,031
Current liabilities:    
Accounts payable 8,179 8,657
Accrued expenses 6,025 6,254
Disposal/transportation accrual 1,091 2,294
Unearned revenue 3,114 3,695
Billings in excess of costs and estimated earnings 1,657 1,934
Current liabilities related to discontinued operations 1,724 1,512
Current portion of long-term debt 2,686 2,794
Total current liabilities 24,476 27,140
Accrued closure costs 11,387 11,349
Other long-term liabilities 691 674
Long-term liabilities related to discontinued operations 1,612 1,829
Long-term debt, less current portion 11,779 11,402
Total long-term liabilities 25,469 25,254
Total liabilities 49,945 52,394
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 of $691 and $674, respectively 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, 56,310,859 and 56,238,525 shares issued, respectively; 56,272,649 and 56,200,315 shares outstanding, respectively 56 56
Additional paid-in capital 102,919 102,819
Accumulated deficit (18,917) (16,005)
Accumulated other comprehensive loss (4) (2)
Less Common Stock in treasury, at cost; 38,210 shares (88) (88)
Total Perma-Fix Environmental Services, Inc. stockholders' equity 83,966 86,780
Non-controlling interest 569 572
Total stockholders' equity 84,535 87,352
Total liabilities and stockholders' equity $ 135,765 $ 141,031
[1] Segment assets have been adjusted for intercompany accounts to reflect actual assets for each segment.