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Consolidated Balance Sheets - USD ($)
Jun. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 33,390,000 $ 31,242,000
Restricted cash-short-term 7,876,000 6,792,000
Trade accounts receivable, net of allowance for doubtful accounts of $3,552 and $2,631 at June 30, 2020 and December 31, 2019, respectively 41,761,000 49,822,000
Inventory 14,702,000 16,632,000
Prepaid expenses 4,331,000 6,318,000
Other current assets 4,753,000 2,133,000
Total current assets 106,813,000 112,939,000
Property and equipment, net 435,000 3,607,000
Goodwill 12,137,000 12,135,000
Other intangibles, net 5,440,000 6,837,000
Investment in equity method investees 624,000 675,000
Restricted cash-long-term 493,000 520,000
Deferred income tax assets, net 9,617,000 12,154,000
Other assets 6,862,000 7,377,000
Total assets 142,421,000 156,244,000
Current liabilities:    
Loan payable 1,392,000 921,000
Trade accounts payable 21,578,000 24,387,000
Accrued expenses 28,652,000 26,116,000
Contract liability 834,000 13,426,000
Income taxes payable 2,206,000 1,591,000
Due to IDT Corporation, net 95,000 381,000
Short-term revolving line of credit 2,514,000
Other current liabilities 2,961,000 2,820,000
Total current liabilities 57,718,000 72,156,000
Long-term notes payable 777,000
Other liabilities 2,101,000 2,381,000
Total liabilities 59,819,000 75,314,000
Commitments and contingencies
Genie Energy Ltd. Stockholders' equity:    
Preferred stock, $0.01 par value; authorized shares—10,000:Series 2012-A, designated shares—8,750; at liquidation preference, consisting of 2,322 shares issued and outstanding at June 30, 2020 and December 31, 2019 19,743,000 19,743,000
Additional paid-in capital 140,470,000 139,615,000
Treasury stock, at cost, consisting of 1,243 and 1,030 shares of Class B common stock at June 30, 2020 and December 31, 2019 (9,221,000) (7,675,000)
Accumulated other comprehensive income 2,553,000 2,519,000
Accumulated deficit (56,831,000) (59,671,000)
Total Genie Energy Ltd. stockholders’ equity 96,988,000 94,805,000
Noncontrolling interests (14,386,000) (13,875,000)
Total equity 82,602,000 80,930,000
Total liabilities and equity 142,421,000 156,244,000
Class A common stock    
Genie Energy Ltd. Stockholders' equity:    
Common stock, value 16,000 16,000
Total equity 16,000 16,000
Class B common stock    
Genie Energy Ltd. Stockholders' equity:    
Common stock, value 258,000 258,000
Total equity $ 258,000 $ 258,000