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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 13,205 $ 17,292
Accounts receivable 4,090 4,586
Inventories 3,011 3,020
Prepaid expenses and other current assets 733 888
Total current assets 21,039 25,786
Property, plant, equipment and water programs, net 92,605 88,362
Long-term deposit/prepaid expenses 420 420
Goodwill 5,714 5,714
Right-of-use asset 3,575 3,746
Long-term restricted cash 2,759 134
Other assets 10,267 10,332
Total assets 136,379 134,494
Current liabilities:    
Accounts payable 2,319 2,261
Accrued liabilities 4,521 7,997
Current portion of long-term debt 92 120
Dividend payable 1,288 1,288
Contingent consideration liabilities 0 1,200
Deferred revenue 3,002 1,226
Operating lease liabilities 372 314
Total current liabilities 11,594 14,406
Long-term debt, net 58,751 56,708
Long-term lease obligations with related party, net 26,594 25,275
Long-term operating lease liabilities 3,201 3,473
Deferred revenue 625 625
Other long-term liabilities 48 46
Total liabilities 100,813 100,533
Commitments and contingencies (Note 10)
Stockholders’ equity:    
Common stock - $.01 par value; 100,000,000 shares authorized at June 30, 2025 and December 31, 2024; shares issued and outstanding – 81,896,376 at June 30, 2025 and 75,353,889 at December 31, 2024 817 752
Additional paid-in capital 710,111 709,303
Accumulated deficit (675,364) (676,096)
Total stockholders’ equity 35,566 33,961
Total liabilities and stockholders’ deficit 136,379 134,494
Series 1 Preferred Stock [Member]    
Stockholders’ equity:    
Preferred stock 1 1
Series A Preferred Stock [Member]    
Current liabilities:    
Dividend payable 1,290  
Stockholders’ equity:    
Preferred stock $ 1 $ 1