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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 28,166 $ 5,441
Restricted cash 76 74
Accounts receivable, net 17,913 51,582
Deferred costs on contracts 392 14,966
Prepaid expenses and other current assets 6,966 5,324
Total current assets 53,513 77,387
Property and equipment, net of accumulated depreciation and amortization of $95,636 and $92,204, respectively 31,830 37,289
Multiclient seismic data library, net 0 2,719
Operating lease right-of-use assets 5,942 6,421
Goodwill 1,685 1,766
Intangible assets, net of accumulated amortization of $1,438 and $1,270, respectively 3,563 3,751
Tax credits receivable, net 2,708 12,104
Other assets 776 778
Total assets 100,017 142,215
Current liabilities:    
Accounts payable 6,911 30,966
Accrued liabilities 5,512 6,034
Income and other taxes payable 1,865 5,902
Operating lease liabilities 1,643 2,576
Current portion of long-term debt and finance leases 102,621 112,401
Deferred revenue 563 8,724
Total current liabilities 119,115 166,603
Long-term debt and finance leases 9,713 7,145
Other long-term liabilities 4,434 4,280
Commitments and contingencies
Stockholders' deficit:    
Common stock 0 0
Additional paid-in capital 240,366 240,068
Accumulated deficit (271,480) (274,535)
Accumulated other comprehensive loss (322) (2,912)
Treasury stock (2,232) (2,232)
SAExploration stockholders’ deficit (33,668) (39,611)
Noncontrolling interest 423 3,798
Total stockholders’ deficit (33,245) (35,813)
Total liabilities and stockholders’ deficit $ 100,017 $ 142,215