Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.7.0.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2017
Dec. 31, 2016
Current Assets:    
Cash $ 7,835 $ 1,412
Accounts receivable, net 36,707 7,020
Costs and estimated earnings in excess of billings on uncompleted contracts 5,966
Other current assets 6,736 2,833
Total current assets 57,244 11,265
Property and equipment, net 5,556 3,467
Intangible assets, net 29,320
Goodwill 46,922
Total Assets 139,042 14,732
Current Liabilities:    
Accounts payable 22,255 2,357
Billings in excess of costs and estimated earnings on uncompleted contracts 15,380
Due to related parties 154 100
Accrued expenses and other current liabilities 6,609 3,204
Notes payable, current portion, net of original issue discount and deferred costs 12,012 3,444
Notes payable, related party 791 791
Warrant derivative liability 2,336 594
Total Current Liabilities 59,537 10,490
Notes payable, non-current portion 46,981 6,530
Senior note payable, non-current portion, net of deferred financing costs 19,951 7,576
Total Liabilities 126,469 24,596
Temporary Equity:    
Total Temporary Equity 437
Commitments and contingencies
Stockholders' Equity (Deficiency):    
Common stock value 130 78
Additional paid-in capital 43,011 11,500
Shares to be issued 2,201
Subscriptions receivable (4,656) (2,829)
Accumulated (deficit) earnings (28,113) (19,050)
Total Stockholders' Equity (Deficiency) 12,573 (10,301)
Total Liabilities, Temporary Equity and Stockholders' Equity (Deficiency) 139,042 14,732
Series A Convertible Preferred Stock [Member]    
Stockholders' Equity (Deficiency):    
Preferred stock; $0.01 par value, 5,000,000 shares authorized:
Series A-1 Preferred Shares [Member]    
Stockholders' Equity (Deficiency):    
Preferred stock; $0.01 par value, 5,000,000 shares authorized:
Temporary Equity [Member] | Common Stock [Member]    
Temporary Equity:    
Common stock; $0.001 par value, subject to put provision, 200,000,000 shares authorized and 0 and 11,106,880 shares issued and outstanding at June 30, 2017 and December 31, 2016 437
Predecessor [Member]    
Current Assets:    
Cash [1]   4,753
Accounts receivable, net   51,701
Costs and estimated earnings in excess of billings on uncompleted contracts   9,759
Other current assets   3,175
Total current assets   69,388
Property and equipment, net   23
Intangible assets, net  
Goodwill  
Total Assets   69,411
Current Liabilities:    
Accounts payable   50,714
Billings in excess of costs and estimated earnings on uncompleted contracts   5,043
Due to related parties  
Accrued expenses and other current liabilities   5,700
Notes payable, current portion, net of original issue discount and deferred costs  
Notes payable, related party  
Warrant derivative liability  
Total Current Liabilities   61,457
Notes payable, non-current portion  
Senior note payable, non-current portion, net of deferred financing costs  
Total Liabilities   61,457
Stockholders' Equity (Deficiency):    
Common stock value   10
Additional paid-in capital  
Shares to be issued  
Subscriptions receivable  
Accumulated (deficit) earnings   7,944
Total Stockholders' Equity (Deficiency)   7,954
Total Liabilities, Temporary Equity and Stockholders' Equity (Deficiency)   $ 69,411
[1] The Series D (39,883,500) and Series F (19,415,460) preferred shares are convertible at a rate of 400 pre-split shares of common stock for each share of preferred stock but not until the Company has effected a sufficient increase in the authorized common shares. The Series D and Series F preferred shares were mandatorily converted to common shares at a ratio of 1 to 20 when the reverse split of common shares was effectuated on May 26, 2016.