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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Current assets    
Cash and cash equivalents $ 11,989 $ 11,920
Trade receivables, less allowance for doubtful accounts of $5 and $50, respectively 8,997 11,292
Inventories (note 2) 15,918 24,956
Amounts due from joint venture (note 12) 15,418 10,873
Other receivables 342 332
Income tax receivable 713  
Prepaid expenses and deposits 1,259 889
Total current assets 54,636 60,262
Non-current assets    
Property, plant and equipment (note 4) 63,158 72,188
Operating right-of-use assets (note 8) 3,485  
Finance right-of-use assets (note 8) 97 176
Investment in joint ventures (note 5) 41,334 6,341
Note receivable - joint ventures (note 12) 10,865  
Deferred tax asset 7,999 274
Other assets 1,834 2,207
Total assets 183,408 141,448
Current liabilities    
Line of credit 2,000 2,000
Trade payables 12,653 14,601
Current maturities of long-term debt (note 6) 3,423 3,414
Operating lease liabilities - current (note 8) 875  
Finance lease liabilities - current (note 8) 61 78
Accrued liabilities (note 7) 3,017 3,509
Total current liabilities 22,029 23,602
Non-current liabilities    
Long-term debt (note 6) 28,966 32,261
Deferred tax liability (note 13) 1,873  
Operating lease liabilities - long term (note 8) 2,690  
Finance lease liabilities - long term (note 8) 34 102
Other liabilities 1,357 1,050
Total liabilities 56,949 57,015
Commitments and contingencies (note 9)
SHAREHOLDERS' EQUITY    
Common stock, no par value per share - unlimited shares authorized; 52,656,669 shares issued and outstanding at December 31, 2019 and 47,642,672 shares issued and outstanding at December 31, 2018 98,333 60,872
Additional paid in capital 4,351 2,198
Accumulated other comprehensive loss (475) (562)
Retained earnings 24,250 21,925
Total shareholders' equity 126,459 84,433
Total liabilities and shareholders' equity $ 183,408 $ 141,448