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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 19,630 $ 14,476
Restricted cash 113 113
Accounts receivable (net of allowance for doubtful accounts of $316 and $263 as of June 30, 2022 and December 31, 2021, respectively) 101,018 89,327
Contract assets 74,959 83,863
Income tax receivable 676 114
Other current assets 5,534 5,013
Total current assets 201,930 192,906
Property and equipment, net 20,419 21,621
Intangible assets, net 16,109 16,907
Goodwill 11,370 11,370
Operating lease right-of-use assets 16,644 20,119
Deferred tax asset 4,342 4,330
Other assets 231 259
Total assets 271,045 267,512
Current liabilities:    
Current portion of long-term debt 9,893 9,879
Current operating lease liabilities 3,415 4,366
Accounts payable, including retainage 63,205 63,840
Contract liabilities 39,835 26,712
Accrued income taxes 0 501
Accrued expenses and other current liabilities 25,773 24,444
Total current liabilities 142,121 129,742
Long-term debt 24,699 29,816
Long-term operating lease liabilities 14,086 16,576
Other long-term liabilities 1,827 3,540
Total liabilities 182,733 179,674
Commitments and contingencies (Note 13)
STOCKHOLDERS’ EQUITY    
Common stock, $0.0001 par value; 100,000,000 shares authorized, 10,423,068 issued and outstanding as of June 30, 2022 and 10,304,242 at December 31, 2021 1 1
Additional paid-in capital 86,128 85,004
Retained Earnings 2,183 2,833
Total stockholders’ equity 88,312 87,838
Total liabilities and stockholders’ equity $ 271,045 $ 267,512