Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.20.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Current assets:      
Cash and cash equivalents $ 12,170 $ 15,642  
Accounts receivable, net 74,048 61,699  
Costs and estimated earnings in excess of billings on uncompleted contracts 5,974 5,286  
Other current assets 3,994 6,283  
Total current assets 96,186 88,910  
Property and equipment, net 3,405 7,082  
Intangible assets, net 19,692 27,696  
Goodwill 45,007 45,007
Total assets 164,290 168,695  
Current liabilities:      
Accounts payable 77,076 43,894  
Billings in excess of costs and estimated earnings on uncompleted contracts 34,690 37,531  
Due to related parties 17  
Accrued expenses and other current liabilities 10,350 10,188  
Senior note payable, current portion, net of original issue discount and deferred financing costs 34,322  
Convertible notes payable, net of original issue discount and deferred financing costs 4,498 2,391  
Merchant credit agreements, net of original issue discount and deferred financing costs 2,102 4,239  
Notes payable and capital leases, current portion, net of original issue discount and deferred financing costs 3,260 3,669  
Notes payable, related parties, current 13,776 8,576  
Debt derivative liabilities 8,038 48,195  
Warrant derivative liabilities 3,558 16,492  
Total current liabilities 191,687 175,175  
Notes payable and capital leases, non-current portion, net of original issue discount and deferred financing costs 1,268 1,830  
Notes payable, related parties, non-current, net of debt discount 29,153 38,530  
Senior note payable, non-current portion, net of original issue discount and deferred financing costs 23,405  
Deferred tax liability 1,641 560  
Total liabilities 223,749 239,500  
Commitments and contingencies (Note 18)    
Stockholders' equity (deficit):      
Preferred stock; $0.01 par value, 5,000,000 shares authorized:
Common stock, $0.001 par value, 100,000,000 shares authorized and 12,286,847 and 5,620,281 shares issued and outstanding at December 31, 2018 and 2017, respectively 12 6  
Additional paid-in capital 113,881 56,979  
Shares to be issued 1,280 250  
Accumulated deficit (174,632) (128,040)  
Total stockholders' deficit (59,459) (70,805) $ (17,820)
Total liabilities and stockholders' equity (deficit) 164,290 168,695  
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 G Convertible Preferred Shares [Member]      
Stockholders' equity (deficit):      
Preferred stock; $0.01 par value, 5,000,000 shares authorized: