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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2016
Dec. 31, 2015
Current Assets:    
Cash and cash equivalents $ 540 $ 1,132
Contract and other receivables, net 2,486 6,997
Costs and estimated earnings in excess of billings on uncompleted contracts 694 1,084
Inventories, net 63 66
Prepaid expenses and other current assets 425 235
Total current assets 4,208 9,514
Property and equipment, net 663 702
Goodwill 1,907 1,907
Intangible assets, net 773 841
Other assets 30 30
Total assets 7,581 12,994
Current Liabilities:    
Long-term borrowings, current portion, net 293 287
Borrowings under line of credit 0 2,150
Borrowings under receivable financing agreement 337 0
Accounts payable and accrued expenses 6,177 7,608
Billings in excess of costs and estimated earnings on uncompleted contracts 1,611 2,476
Total current liabilities 8,418 12,521
Long-term borrowings, less current portion 924 1,036
Other liabilities 41 37
Total liabilities 9,383 13,594
Commitments and Contingencies
Stockholders’ Equity (Deficit):    
Preferred stock, $.0001 par value; 1,000 shares authorized at June 30, 2016 and December 31, 2015; none issued 0 0
Common stock, $.0001 par value; 49,000 shares authorized at June 30, 2016 and December 31, 2015; 16,390 and 16,366 issued at June 30, 2016 and December 31, 2015, respectively 2 2
Additional paid-in capital 68,463 68,329
Treasury stock 724 shares at cost at June 30, 2016 and December 31, 2015 (1,531) (1,531)
Accumulated deficit (68,736) (67,400)
Total stockholders' equity (deficit) (1,802) (600)
Total liabilities and stockholders’ equity (deficit) $ 7,581 $ 12,994