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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Current Assets    
Cash and cash equivalents $ 33,667 $ 34,656
Restricted cash 6,983 6,480
Accounts receivable - trade, net of allowance of $26 and $30, respectively 49,139 47,944
Notes receivable 212 8,148
Inventories, net 98,181 92,516
Prepaid income tax 0 1
Prepaid expenses and other current assets 6,235 4,334
Total current assets 194,417 194,079
Property, plant and equipment, net 224,349 243,035
Land use rights, net 5,500 5,856
Operating right of use asset 6,165 7,078
Financing right of use asset 41 57
Intangible assets, net 3,763 3,836
Other assets, net 520 518
TOTAL ASSETS 434,755 454,459
Current liabilities    
Current portion of notes payable and long-term debt 53,565 49,689
Accounts payable 52,496 34,402
Bank acceptance payable 10,273 8,198
Current lease liability - operating 1,023 1,062
Current lease liability - financing 19 19
Accrued liabilities 12,440 15,587
Total current liabilities 129,816 108,957
Notes payable and long-term debt, less current portion 0 5,000
Convertible senior notes 79,090 78,680
Non-current lease liability - operating 6,202 7,189
Non-current lease liability - financing 53 63
TOTAL LIABILITIES 215,161 199,889
Stockholders' equity:    
Common Stock; 45,000 shares authorized at $0.001 par value; 27,658 and 27,323 shares issued and outstanding at June 30, 2022 and December 31, 2021, respectively 28 27
Additional paid-in capital 385,531 381,143
Accumulated other comprehensive income 7,226 16,071
Accumulated deficit (173,191) (142,671)
TOTAL STOCKHOLDERS' EQUITY 219,594 254,570
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 434,755 $ 454,459