Quarterly report pursuant to Section 13 or 15(d)

Summary of Significant Accounting Policies (Tables)

Summary of Significant Accounting Policies (Tables)

9 Months Ended

Sep. 30, 2018

Schedule of Cumulative Effect Changes in Consolidated Balance Sheet

The cumulative effect of the changes made to our January 1, 2018 unaudited Consolidated Balance Sheet for the adoption of Topic 606 was as follows (in thousands):

	Balance at			Adjustment			Opening balance at
	December 31,			Due to			January 1,
	2017			Topic 606			2018

LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Disposal/transportation accrual	$	2,071		$	(455	)	$	1,616
Deferred revenue		4,311			772			5,083

Stockholders’ Equity:
Accumulated deficit	$	(77,893	)	$	(317	)	$	(78,210	)

Schedule of Impact of Adoption of Topic 606

In accordance with Topic 606 requirements, the disclosure of the impact of adoption of Topic 606 on our unaudited Consolidated Balance Sheets, Consolidated Statement of Operations, and Consolidated Statement of Comprehensive Income was as follows (in thousands):

Consolidated Balance Sheet	September 30, 2018
				Balances Before
				Adoption of			Effect of Change
	As Reported			Topic 606			Higher/(Lower)

LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Disposal/transportation accrual	$	1,497		$	1,935		$	(438	)
Deferred revenue		5,872			5,154			718

Stockholders’ Equity:
Accumulated deficit	$	(77,245	)	$	(77,282	)	$	37

Consolidated Statement of Operations	For the three months ended September 30, 2018
			Balances Before
			Adoption of		Effect of Change
	As Reported		Topic 606		Higher/(Lower)

Revenues	$	11,984	$	11,958	$	26
Cost of goods sold		10,159		10,163		(4	)
Income from continuing operations, net of taxes		317		287		30
Net income attributable to Perma-Fix Services, Inc. common stockholders		221		191		30

Net income attributable to Perma-Fix Environmental Services, Inc. common stockholders - basic and diluted:
Continuing operations	$	.03	$	.03	$	―
Net income per common shares	$	.02	$	.02	$	―

Consolidated Statement of Operations	For the nine months ended September 30, 2018
			Balances Before
			Adoption of		Effect of Change
	As Reported		Topic 606		Higher/(Lower)

Revenues	$	37,801	$	37,746	$	55
Cost of goods sold		30,612		30,594		18
Income from continuing operations, net of taxes		1,358		1,321		37
Net income attributable to Perma-Fix Services, Inc. common stockholders		965		928		37

Net income attributable to Perma-Fix Environmental Services, Inc. common stockholders - basic and diluted:
Continuing operations	$	.12	$	.12	$	―
Net income per common shares	$	.08	$	.08	$	―

Consolidated Statement of Comprehensive Income	For the three months ended September 30, 2018
			Balances Before
			Adoption of		Effect of Change
	As Reported		Topic 606		Higher/(Lower)

Net income	$	186	$	156	$	30
Comprehensive income attributable to Perma-Fix Environmental Services, Inc. stockholders		239		209		30

Consolidated Statement of Comprehensive Income	For the nine months ended September 30, 2018
			Balances Before
			Adoption of		Effect of Change
	As Reported		Topic 606		Higher/(Lower)

Net income	$	863	$	826	$	37
Comprehensive income attributable to Perma-Fix Environmental Services, Inc. stockholders		926		889		37