Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.8.0.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
Current Assets:    
Cash and cash equivalents $ 15,642 $ 1,412
Accounts receivable, net 62,199 7,020
Costs and estimated earnings in excess of billings on uncompleted contract 11,226
Other current assets 7,256 2,833
Total Current Assets 96,323 11,265
Property and equipment, net 7,955 3,467
Intangible assets, net 27,696
Goodwill 35,672
Total Assets 167,647 14,732
Current Liabilities:    
Accounts payable 35,135 2,357
Billings in excess of costs and estimated earnings on uncompleted contracts 30,304
Due to related parties 100
Accrued expenses and other current liabilities 9,973 3,202
Notes payable, current portion, net of original issue discount and deferred financing costs (10,488) (3,444)
Notes payable, related parties, current 8,526 791
Warrant derivative liability 594
Total Current Liabilities 94,426 10,488
Notes payable, non-current portion 1,955 6,530
Notes payable, related parties, non-current, net of debt discount 38,530
Senior note payable, non-current portion, net of original issue discount and deferred financing costs 24,143 7,576
Deferred tax liability 560
Total Liabilities 159,614 24,596
Temporary Equity:    
Common stock; $0.001 par value, subject to put provision, 8,000,000 shares authorized and -0- and 444,475 shares issued and outstanding at December 31, 2017 and 2016, respectively 437
Total Temporary Equity 437
Commitments and contingencies
Stockholders' Equity (Deficit):    
Preferred stock; $0.01 par value, 5,000,000 shares authorized:
Common stock value 6 3
Additional paid-in capital 49,381 11,575
Shares to be issued 625
Subscriptions receivable (3,675) (2,829)
Accumulated (deficit) earnings (38,304) (19,050)
Total Stockholders' Equity (Deficit) 8,033 (10,301)
Total Liabilities and Stockholders' Equity (Deficit) 167,647 14,732
Series A Convertible Preferred Stock [Member]    
Stockholders' Equity (Deficit):    
Preferred stock; $0.01 par value, 5,000,000 shares authorized:
Series A-1 Convertible Preferred Shares [Member]    
Stockholders' Equity (Deficit):    
Preferred stock; $0.01 par value, 5,000,000 shares authorized:
Series D Convertible Preferred Stock [Member]    
Stockholders' Equity (Deficit):    
Preferred stock; $0.01 par value, 5,000,000 shares authorized:
Total Stockholders' Equity (Deficit)
Series G Convertible Preferred Stock [Member]    
Stockholders' Equity (Deficit):    
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 -0- and 444,475 shares issued and outstanding at December 31, 2017 and 2016, respectively 437
Predecessor [Member]    
Current Assets:    
Cash and cash equivalents   4,753
Accounts receivable, net   51,701
Costs and estimated earnings in excess of billings on uncompleted contract   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 financing costs  
Notes payable, related parties, current  
Warrant derivative liability  
Total Current Liabilities   61,457
Notes payable, non-current portion  
Notes payable, related parties, non-current, net of debt discount  
Senior note payable, non-current portion, net of original issue discount and deferred financing costs  
Deferred tax liability  
Total Liabilities   61,457
Temporary Equity:    
Common stock; $0.001 par value, subject to put provision, 8,000,000 shares authorized and -0- and 444,475 shares issued and outstanding at December 31, 2017 and 2016, respectively  
Total Temporary Equity  
Commitments and contingencies  
Stockholders' Equity (Deficit):    
Preferred stock; $0.01 par value, 5,000,000 shares authorized:  
Common stock value   10
Additional paid-in capital  
Shares to be issued  
Subscriptions receivable  
Accumulated (deficit) earnings   7,943
Total Stockholders' Equity (Deficit)   7,953
Total Liabilities and Stockholders' Equity (Deficit)   69,410
Predecessor [Member] | Series A Convertible Preferred Stock [Member]    
Stockholders' Equity (Deficit):    
Preferred stock; $0.01 par value, 5,000,000 shares authorized:  
Predecessor [Member] | Series A-1 Convertible Preferred Shares [Member]    
Stockholders' Equity (Deficit):    
Preferred stock; $0.01 par value, 5,000,000 shares authorized:  
Predecessor [Member] | Series D Convertible Preferred Stock [Member]    
Stockholders' Equity (Deficit):    
Preferred stock; $0.01 par value, 5,000,000 shares authorized:  
Predecessor [Member] | Series G Convertible Preferred Stock [Member]    
Stockholders' Equity (Deficit):    
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 -0- and 444,475 shares issued and outstanding at December 31, 2017 and 2016, respectively