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Condensed Consolidated Interim Statements of Financial Position - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Current assets    
Cash and cash equivalents $ 54,666 $ 11,989
Trade receivables 10,498 8,997
Inventories 15,301 15,918
Amounts due from joint ventures 10,954 15,418
Other receivables 637 342
Income tax receivable 440 713
Prepaid expenses and deposits 934 1,259
Total current assets 93,430 54,636
Non-current assets    
Property, plant and equipment 59,663 63,158
Investment in joint ventures 63,164 41,334
Investment in in minority interests 1,226  
Notes receivable - joint ventures 10,713 10,865
Deferred tax asset 9,693 7,999
Right-of-use assets 4,111 3,582
Other assets 1,827 1,834
Total assets 243,827 183,408
Current liabilities    
Line of credit 3,000 2,000
Trade payables 9,667 12,653
Current maturities of long-term debt 2,294 3,423
Accrued liabilities 6,676 3,017
Operating lease liabilities - current 1,711 875
Finance lease liabilities - current 34 61
Total current liabilities 23,382 22,029
Non-current liabilities    
Long-term debt 27,793 28,966
Deferred tax liability 2,211 1,873
Operating lease liabilities - non-current 2,465 2,690
Finance lease liabilities - non-current 12 34
Other liabilities 1,437 1,357
Total liabilities 57,300 56,949
Commitments and contingencies (note 15)
SHAREHOLDERS’ EQUITY    
Common stock, no par value per share - unlimited shares authorized; 65,959,810 shares issued and outstanding at September 30, 2020 and 52,656,669 shares issued and outstanding at December 31, 2019. 141,310 98,333
Additional paid in capital 16,892 4,351
Accumulated other comprehensive loss (516) (475)
Retained earnings 28,841 24,250
Total shareholders’ equity 186,527 126,459
Total liabilities and shareholders’ equity $ 243,827 $ 183,408