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CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 139,829 $ 98,571
Restricted cash—short-term 3,574 6,007
Marketable equity securities 411 490
Trade accounts receivable, net of allowance for doubtful accounts of $6,365 and $4,826 at September 30, 2023 and December 31, 2022, respectively 60,682 55,134
Inventory 15,306 15,714
Prepaid expenses 11,891 6,822
Other current assets 4,625 6,207
Current assets of discontinued operations 33,923 38,688
Total current assets 270,241 227,633
Property and equipment, net 6,112 891
Goodwill 9,998 9,998
Other intangibles, net 2,834 3,133
Deferred income tax assets, net 5,799 5,799
Other assets 13,150 13,856
Noncurrent assets of discontinued operations 7,553 16,305
Total assets 315,687 277,615
Current liabilities:    
Trade accounts payable 24,857 25,313
Accrued expenses 45,444 35,659
Income taxes payable 16,010 22,576
Current liabilities of discontinued operations 10,736 10,936
Total current liabilities 105,791 99,198
Other liabilities 1,859 4,087
Noncurrent liabilities of discontinued operations 668 686
Total liabilities 108,318 103,971
Commitments and contingencies
Genie Energy Ltd. stockholders’ equity:    
Preferred stock, $0.01 par value; authorized shares—10,000: Series 2012-A, Preferred Stock (liquidation preference, $8.50 per share), designated shares—8,750; 0 and 983 shares issued and outstanding at September 30, 2023 and December 31, 2022 8,359
Additional paid-in capital 154,948 146,546
Treasury stock, at cost, consisting of 2,944 and 2,705 shares of Class B common stock at September 30, 2023 and December 31, 2022 (22,469) (19,010)
Accumulated other comprehensive income 1,413 1,926
Retained earnings 86,759 49,010
Total Genie Energy Ltd. stockholders’ equity 220,955 187,118
Noncontrolling interests (13,586) (13,474)
Total equity 207,369 173,644
Total liabilities and equity 315,687 277,615
Related Party [Member]    
Current liabilities:    
Other current liabilities 120 165
Nonrelated Party [Member]    
Current liabilities:    
Other current liabilities 8,624 4,549
Class A Common Stock    
Genie Energy Ltd. stockholders’ equity:    
Common stock value 16 16
Class B Common Stock    
Genie Energy Ltd. stockholders’ equity:    
Common stock value $ 288 $ 271