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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 18,066 $ 14,476
Restricted cash 113 113
Accounts receivable (net of allowance for doubtful accounts of $270 and $263 as of March 31, 2022 and December 31, 2021, respectively) 108,969 89,327
Contract assets 75,543 83,863
Income tax receivable 161 114
Other current assets 7,143 5,013
Total current assets 209,995 192,906
Property and equipment, net 20,759 21,621
Intangible assets, net 16,508 16,907
Goodwill 11,370 11,370
Operating lease right-of-use assets 17,719 20,119
Deferred tax asset 4,407 4,330
Other assets 245 259
Total assets 281,003 267,512
Current liabilities:    
Current portion of long-term debt 13,222 9,879
Current operating lease liabilities 3,762 4,366
Accounts payable, including retainage 63,734 63,840
Contract liabilities 34,444 26,712
Accrued income taxes 0 501
Accrued expenses and other current liabilities 26,428 24,444
Total current liabilities 141,590 129,742
Long-term debt 34,220 29,816
Long-term operating lease liabilities 14,787 16,576
Other long-term liabilities 3,535 3,540
Total liabilities 194,132 179,674
Commitments and contingencies
STOCKHOLDERS’ EQUITY    
Common stock, $0.0001 par value; 100,000,000 shares authorized, 10,423,068 issued and outstanding as of March 31, 2022 and 10,304,242 at December 31, 2021 1 1
Additional paid-in capital 85,553 85,004
Retained Earnings 1,317 2,833
Total stockholders’ equity 86,871 87,838
Total liabilities and stockholders’ equity $ 281,003 $ 267,512