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Investment Funds and Equity Method Investments | 9 Months Ended
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Sep. 30, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Investment Funds and Equity Method Investments | INVESTMENT FUNDS AND EQUITY METHOD INVESTMENTS Investment Funds The table below presents a summary of amounts related to our investment funds, which we determined meet the definition of a variable interest entity (“VIE”) as of:
| September 30, |  | December 31, |  |  |  |  |  |  |  |  |  |
| 2021 (1) |  | 2020 (1) |  |  |  |  |  |
Cash and cash equivalents | $ | 5,088 |  |  | $ | 5,828 |  |  |  |  |  |  |  |  |  |  |
Restricted cash | — |  |  | 3,185 |  |  |  |  |  |  |  |  |  |  |
Accounts receivable, net | 862 |  |  | 834 |  |  |  |  |  |  |  |  |  |  |
Costs and estimated earnings in excess of billings | 1,952 |  |  | 968 |  |  |  |  |  |  |  |  |  |  |
Prepaid expenses and other current assets | 19 |  |  | 120 |  |  |  |  |  |  |  |  |  |  |
Total VIE current assets | 7,921 |  |  | 10,935 |  |  |  |  |  |  |  |  |  |  |
Property and equipment, net | 1,266 |  |  | 1,266 |  |  |  |  |  |  |  |  |  |  |
Energy assets, net | 110,153 |  |  | 143,133 |  |  |  |  |  |  |  |  |  |  |
Operating lease assets | 6,318 |  |  | 6,439 |  |  |  |  |  |  |  |  |  |  |
Restricted cash, net of current portion | 400 |  |  | 331 |  |  |  |  |  |  |  |  |  |  |
Other assets | 30 |  |  | 94 |  |  |  |  |  |  |  |  |  |  |
Total VIE assets | $ | 126,088 |  |  | $ | 162,198 |  |  |  |  |  |  |  |  |  |  |
Current portions of long-term debt and financing lease liabilities | $ | 2,224 |  |  | $ | 2,230 |  |  |  |  |  |  |  |  |  |  |
Accounts payable | 100 |  |  | 311 |  |  |  |  |  |  |  |  |  |  |
Accrued expenses and other current liabilities | 481 |  |  | 1,092 |  |  |  |  |  |  |  |  |  |  |
Current portions of operating lease liabilities | 137 |  |  | 125 |  |  |  |  |  |  |  |  |  |  |
Total VIE current liabilities | 2,942 |  |  | 3,758 |  |  |  |  |  |  |  |  |  |  |
Long-term debt and financing lease liabilities, net of current portion, unamortized discount and debt issuance costs | 21,749 |  |  | 22,822 |  |  |  |  |  |  |  |  |  |  |
Long-term operating lease liabilities, net of current portion | 6,178 |  |  | 6,220 |  |  |  |  |  |  |  |  |  |  |
Other liabilities | 355 |  |  | 535 |  |  |  |  |  |  |  |  |  |  |
Total VIE liabilities | $ | 31,224 |  |  | $ | 33,335 |  |  |  |  |  |  |  |  |  |  |
(1) The amounts in the above table are reflected in Note 1 on our condensed consolidated balance sheets.
See Note 13 for additional information on the call and put options. Equity Method Investments Unconsolidated joint ventures are accounted for under the equity method. For these joint ventures, our investment balances are included in other assets on the condensed consolidated balance sheets and our pro rata share of net income or loss is included in operating income. During the nine months ended September 30, 2021, we entered into a joint venture with a Service-Disabled Veteran-Owned Small Business renewable energy company. The purpose of the joint venture is to submit proposals to the Department of Veterans Affairs and other Federal agencies for cleantech solutions. No activity occurred under this joint venture as of September 30, 2021. The following table provides information about our equity method investments in joint ventures:
|  |  |  |  | As of
|  |  |  |  | September 30, 2021 |  | December 31, 2020
Equity method investments |  |  |  |  | $ | 1,065 |  |  | $ | 1,189 |
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| September 30, 2021 |  | September 30, 2020 |  | September 30, 2021 |  | September 30, 2020
Expense recognized | $ | 25 |  |  | $ | 50 |  |  | $ | 128 |  |  | $ | 127 |

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- Definition The entire disclosure for a variable interest entity (VIE), including but not limited to, judgments and assumptions in determining whether to consolidate and in identifying the primary beneficiary, gain (loss) recognized on the initial consolidation of the VIE, terms of arrangements, amounts and classification of the VIE's assets and liabilities, and the entity's maximum exposure to loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -URI http://asc.fasb.org/topic&trid=2197479 + Details
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