Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets (Unaudited)

v3.3.0.814
Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2015
Dec. 31, 2014
Commitments and Contingencies (Note 8)
Current assets:    
Cash $ 1,998 $ 3,680
Restricted cash 102 85
Accounts receivable, net of allowance for doubtful accounts of $1,880 and $2,170, respectively 8,462 8,272
Unbilled receivables - current 5,732 7,177
Inventories 350 498
Prepaid and other assets 3,696 3,010
Deferred tax asset - current 385 385
Current assets related to discontinued operations 37 20
Total current assets 20,762 23,127
Property and equipment:    
Buildings and land 20,196 20,362
Equipment 35,677 35,434
Vehicles 421 403
Leasehold improvements 11,628 11,613
Office furniture and equipment 1,832 1,799
Construction-in-progress 356 336
70,110 69,947
Less accumulated depreciation and amortization (49,575) (47,123)
Net property and equipment 20,535 22,824
Property and equipment related to discontinued operations 531 681
Intangibles and other long term assets:    
Permits 16,775 16,709
Other intangible assets - net 2,124 2,435
Unbilled receivables – non-current 364 273
Finite risk sinking fund 21,364 21,334
Other assets 1,141 1,253
Total assets 83,596 88,636
Current liabilities:    
Accounts payable 4,908 5,350
Accrued expenses 5,528 4,540
Disposal/transportation accrual 1,608 1,737
Deferred revenue 2,465 4,873
Current liabilities related to discontinued operations 1,491 2,137
Current portion of long-term debt 2,310 2,319
Current portion of long-term debt - related party 1,303 1,414
Total current liabilities 19,613 22,370
Accrued closure costs 5,248 5,508
Other long-term liabilities 851 803
Deferred tax liabilities 5,498 5,391
Long-term liabilities related to discontinued operations 1,184 590
Long-term debt, less current portion $ 5,264 6,690
Long-term debt, less current portion - related party 949
Total long-term liabilities $ 18,045 19,931
Total liabilities 37,658 42,301
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 $851 and $803, respectively $ 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; 11,535,367 and 11,476,485 shares issued, respectively; 11,527,725 and 11,468,843 shares outstanding, respectively $ 11 $ 11
Additional paid-in capital 104,057 103,765
Accumulated deficit (60,906) (59,758)
Accumulated other comprehensive (loss) income (81) 11
Less Common Stock in treasury, at cost; 7,642 shares (88) (88)
Total Perma-Fix Environmental Services, Inc. stockholders' equity 42,993 43,941
Non-controlling interest 1,660 1,109
Total stockholders' equity 44,653 45,050
Total liabilities and stockholders' equity $ 83,596 $ 88,636