Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.8.0.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2017
Dec. 31, 2016
Current Assets:    
Cash $ 3,154 $ 1,412
Accounts receivable, net 51,791 7,020
Costs and estimated earnings in excess of billings on uncompleted contracts 6,773
Other current assets 7,727 2,833
Total current assets 69,445 11,265
Property and equipment, net 7,101 3,467
Intangible assets, net 26,306
Goodwill 46,922
Total Assets 149,774 14,732
Current Liabilities:    
Accounts payable 33,531 2,357
Billings in excess of costs and estimated earnings on uncompleted contracts 7,378
Due to related parties 343 100
Accrued expenses and other current liabilities 9,931 3,204
Notes payable, current portion, net of original issue discount and deferred costs 14,022 3,444
Notes payable, related party 791 791
Warrant derivative liability 303 594
Total Current Liabilities 66,299 10,490
Notes payable, non-current portion 46,899 6,530
Senior note payable, non-current portion, net of deferred financing costs 20,022 7,576
Total Liabilities 133,220 24,596
Commitments and contingencies
Temporary Equity:    
Total Temporary Equity 437
Stockholders' Equity (Deficiency):    
Preferred stock; $0.01 par value, 5,000,000 shares authorized:
Common stock value [1] 5 3
Additional paid-in capital 45,625 11,575
Shares to be issued 75
Subscriptions receivable (3,588) (2,829)
Accumulated (deficit) earnings equity (25,563) (19,050)
Total Stockholders' Equity (Deficiency) 16,554 (10,301)
Total Liabilities, Temporary Equity and Stockholders' Equity (Deficiency) 149,774 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, 8,000,000 shares authorized and 444,475 shares issued and outstanding at September 30, 2017 and December 31, 2016 437
Predecessor [Member]    
Current Assets:    
Cash   4,753
Accounts receivable, net   51,701
Costs and estimated earnings in excess of billings on uncompleted contracts   9,759
Other current assets   3,174
Total current assets   69,387
Property and equipment, net   23
Intangible assets, net  
Goodwill  
Total Assets   69,410
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
Commitments and contingencies  
Temporary Equity:    
Total Temporary Equity  
Stockholders' Equity (Deficiency):    
Preferred stock; $0.01 par value, 5,000,000 shares authorized:  
Common stock value [1]   10
Additional paid-in capital  
Shares to be issued  
Subscriptions receivable  
Accumulated (deficit) earnings equity   7,943
Total Stockholders' Equity (Deficiency)   7,953
Total Liabilities, Temporary Equity and Stockholders' Equity (Deficiency)   69,410
Predecessor [Member] | Series A Convertible Preferred Stock [Member]    
Stockholders' Equity (Deficiency):    
Preferred stock; $0.01 par value, 5,000,000 shares authorized:  
Predecessor [Member] | Series A-1 Preferred Shares [Member]    
Stockholders' Equity (Deficiency):    
Preferred stock; $0.01 par value, 5,000,000 shares authorized:  
Predecessor [Member] | Temporary Equity [Member] | Common Stock [Member]    
Temporary Equity:    
Common stock; $0.001 par value, subject to put provision, 8,000,000 shares authorized and 444,475 shares issued and outstanding at September 30, 2017 and December 31, 2016  
[1] Common stock data for periods ended September 30, 2017 and December 31, 2016 have been adjusted retroactively to reflect 25-for-1 reverse stock split effective November 6, 2017.