Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Unaudited)

v3.8.0.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2018
Dec. 31, 2017
Current Assets:    
Cash and cash equivalents $ 9,638 $ 15,642
Accounts receivable, net 78,251 62,199
Costs and estimated earnings in excess of billings on uncompleted contracts 4,552 11,226
Other Current Assets 9,782 7,256
Total Current Assets 102,223 96,323
Property and equipment, net 8,121 7,955
Intangible assets, net 25,443 27,696
Goodwill 35,672 35,672
Total Assets 171,459 167,647
Current Liabilities:    
Accounts payable 46,095 35,135
Billings in excess of costs and estimated earnings on uncompleted contracts 18,516 30,304
Due to related parties 28
Accrued expenses and other current liabilities 7,259 9,973
Notes payable, current portion, net of original issue discount and deferred costs 10,182 10,488
Notes payable, related party, current 7,603 8,526
Total Current Liabilities 89,683 94,426
Notes payable, non-current portion 1,934 1,955
Notes payable, related parties, non-current, net of debt discount 39,523 38,530
Senior note payable, non-current portion, net of original issue discount and deferred financing costs 26,408 24,143
Deferred tax liability 1,122 560
Total Liabilities 158,670 159,614
Commitments and contingencies
Stockholders’ Equity:    
Common stock; $0.001 par value, 100,000,000 shares authorized, and 6,277,630 and 5,789,281 shares issued and outstanding at March 31, 2018 and December 31, 2017, respectively 6 6
Additional paid-in capital 57,792 49,381
Shares to be issued 6,681 625
Subscriptions receivable (3,222) (3,675)
Accumulated deficit (48,468) (38,304)
Total Stockholders’ Equity 12,789 8,033
Total Liabilities and Stockholders’ Equity 171,459 167,647
Series A Convertible Preferred Stock [Member]    
Stockholders’ Equity:    
Preferred stock; $0.01 par value, 5,000,000 shares authorized:
Series A-1 Convertible Preferred Shares [Member]    
Stockholders’ Equity:    
Preferred stock; $0.01 par value, 5,000,000 shares authorized: