Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 52,886 $ 43,159
Restricted cash, current 1,297  
Short-term investments   7,998
Contract receivables and retainage, net 15,986 14,089
Contract assets 4,759 5,098
Prepaid expenses and other assets 6,971 7,940
Inventory 1,779 2,157
Assets held for sale 1,800 6,200
Current assets of discontinued operations   66,116
Total current assets 85,478 152,757
Restricted cash, noncurrent 406  
Property, plant and equipment, net 32,866 31,178
Goodwill 2,217  
Other intangibles, net 984  
Noncurrent assets of discontinued operations   39,169
Other noncurrent assets 13,322 13,634
Total assets 135,273 236,738
Current liabilities:    
Accounts payable 9,280 12,362
Contract liabilities 6,648 10,262
Accrued expenses and other liabilities 14,026 13,763
Long-term debt, current   5,499
Current liabilities of discontinued operations   63,807
Total current liabilities 29,954 105,693
Long-term debt, noncurrent   4,501
Other noncurrent liabilities 1,411 2,068
Total liabilities 31,365 112,262
Shareholders’ equity:    
Preferred stock, no par value, 5,000 shares authorized, no shares issued and outstanding
Common stock, no par value, 30,000 shares authorized, 15,622 issued and outstanding at December 31, 2021 and 15,359 at December 31, 2020 11,384 11,223
Additional paid-in capital 105,511 104,072
Retained earnings (accumulated deficit) (12,987) 9,181
Total shareholders’ equity 103,908 124,476
Total liabilities and shareholders’ equity $ 135,273 $ 236,738