XML 11 R2.htm IDEA: XBRL DOCUMENT v3.22.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Current Assets    
Cash and cash equivalents $ 31,980 $ 34,656
Restricted cash 8,128 6,480
Accounts receivable - trade, net of allowance of $29 and $30, respectively 54,218 47,944
Notes receivable 1,195 8,148
Inventories 92,007 92,516
Prepaid income tax 0 1
Prepaid expenses and other current assets 5,711 4,334
Total current assets 193,239 194,079
Property, plant and equipment, net 236,774 243,035
Land use rights, net 5,848 5,856
Operating right of use asset 6,623 7,078
Financing right of use asset 49 57
Intangible assets, net 3,792 3,836
Other assets, net 428 518
TOTAL ASSETS 446,753 454,459
Current liabilities    
Current portion of notes payable and long-term debt 52,233 49,689
Accounts payable 40,044 34,402
Bank acceptance payable 9,955 8,198
Current lease liability - operating 1,046 1,062
Current lease liability - financing 19 19
Accrued liabilities 13,237 15,587
Total current liabilities 116,534 108,957
Notes payable and long-term debt, less current portion 5,000 5,000
Convertible senior notes 78,884 78,680
Non-current lease liability - operating 6,699 7,189
Non-current lease liability - financing 59 63
TOTAL LIABILITIES 207,176 199,889
Stockholders' equity:    
Preferred Stock; 5,000 shares authorized at $0.001 par value; no shares issued and outstanding at March 31, 2022 and December 31, 2021, respectively 0 0
Common Stock; 45,000 shares authorized at $0.001 par value; 27,530 and 27,323 shares issued and outstanding at March 31, 2022 and December 31, 2021, respectively 27 27
Additional paid-in capital 383,474 381,143
Accumulated other comprehensive income 14,809 16,071
Accumulated deficit (158,733) (142,671)
TOTAL STOCKHOLDERS' EQUITY 239,577 254,570
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 446,753 $ 454,459