DAWSON GEOPHYSICAL CO

For the period ended Dec 31, 2023. Filed Apr 1, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Apr 1, 2024

DWSN$1.60-2.4%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Balance Sheets

(amounts in thousands, except share data)


· December 31, · · December 31,
· · 2023 · · 2022 (as adjusted) ·
Assets
Current assets:
Cash and cash equivalents	$10,772	$18,603
Restricted cash	5,000	5,000
Short-term investments	265	265
Accounts receivable, net of allowance for doubtful accounts of $250
at December 31, 2023 and 2022	12,735	7,972
Employee retention credit receivable	—	3,035
Prepaid expenses and other current assets	8,654	8,951
Total current assets	37,426	43,826

Property and equipment	241,955	254,679
Less accumulated depreciation	(225,447)	(234,211)
Property and equipment, net	16,508	20,468

Right-of-use assets	3,208	4,010

Intangibles, net	377	369

Total assets	$57,519	$68,673

Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$3,883	$4,140
Accrued liabilities:
Payroll costs and other taxes	3,415	2,001
Other	709	1,280
Deferred revenue	11,829	7,380
Current maturities of notes payable and finance leases	1,380	275
Current maturities of operating lease liabilities	1,202	1,118
Total current liabilities	22,418	16,194

Long-term liabilities:
Notes payable and finance leases, net of current maturities	1,289	207
Operating lease liabilities, net of current maturities	2,363	3,331
Deferred tax liabilities, net	15	137
Total long-term liabilities	3,667	3,675

Commitments and contingencies	—	—

Stockholders’ equity:
Preferred stock-par value $1.00 per share; 4,000,000 shares authorized, none outstanding	—	—
Common stock-par value $0.01 per share; 35,000,000 shares authorized,
30,812,329 and 23,812,329 shares issued, and 30,812,329 and 23,812,329 shares
outstanding at December 31, 2023 and December 31, 2022, respectively	308	238
Additional paid-in capital	156,678	155,413
Accumulated deficit	(123,640)	(112,469)
Equity of Breckenridge prior to acquisition	—	7,695
Accumulated other comprehensive loss, net	(1,912)	(2,073)
Total stockholders’ equity	31,434	48,804

Total liabilities and stockholders’ equity	$57,519	$68,673

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.