AVALON HOLDINGS CORPORATION AND SUBSIDIARIES
Condensed Consolidated Balance Sheets (Unaudited)
(in thousands)
March 31,
December 31,
2025
2024
Assets
Current Assets:
Cash and cash equivalents
$ 1,269
$ 2,803
Accounts receivable, net
11,358
8,595
Unbilled membership dues receivable
733
582
Inventories
1,846
1,558
Prepaid expenses
1,107
1,003
Other current assets
15
15
Total current assets
16,328
14,556
Property and equipment, net
55,243
55,582
Property and equipment under finance leases, net
5,671
5,647
Operating lease right-of-use assets
1,391
1,383
Restricted cash
8,937
8,958
Noncurrent deferred tax asset
27
27
Other assets, net
34
33
Total assets
$ 87,631
$ 86,186
Liabilities and Equity
Current liabilities:
Current portion of long term debt
$ 584
$ 575
Current portion of obligations under finance leases
232
201
Current portion of obligations under operating leases
364
365
Accounts payable
8,419
7,116
Accrued payroll and other compensation
1,283
1,064
Accrued taxes
525
594
Deferred membership dues revenue
5,134
3,524
Other liabilities and accrued expenses
2,089
2,024
Total current liabilities
18,630
15,463
Long-term debt, net of current portion
28,496
28,646
Line of credit
3,200
3,200
Obligations under finance leases, net of current portion
812
707
Obligations under operating leases, net of current portion
1,027
1,018
Asset retirement obligation
100
100
Equity:
Total Avalon Holdings Corporation Shareholders’ Equity
36,535
38,034
Non-controlling interest in subsidiaries
(1,169)
(982)
Total shareholders’ equity
35,366
37,052
Total liabilities and equity
$ 87,631
$ 86,186