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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
Current assets    
Cash, cash equivalents and restricted cash equivalents $ 31,556 $ 54,047
Restricted certificates of deposit 182 182
Accounts receivable, net of allowance for doubtful accounts of $1,006 and $1,235 respectively 6,217 9,421
VAT receivable 13,216 4,462
Inventories, net 37,054 38,831
Assets held for sale   10,383
Prepaid expenses 8,998 3,652
Total current assets 97,223 120,978
Property, plant and equipment, net 19,516 19,642
Railcars available for lease, net 20,791 20,933
Right of use asset 17,712 18,152
Other long-term assets 2,828 3,037
Total assets 158,070 182,742
Current liabilities    
Accounts and contractual payables 27,168 18,654
Accrued payroll and other employee costs 1,282 2,505
Reserve for workers’ compensation 2,629 2,645
Accrued warranty 4,008 5,216
Customer deposits   4,351
Deferred income state and local incentives, current 1,842 2,219
Lease liability, current 2,027 11,635
Current portion of long-term debt 19,315 17,605
Other current liabilities 3,578 6,319
Total current liabilities 61,849 71,149
Long-term debt, net of current portion 36,811 37,668
Warrant liability 34,858 12,730
Accrued pension costs 6,698 7,046
Deferred income state and local incentives, long-term 2,325 2,503
Lease liability, long-term 18,074 18,549
Other long-term liabilities 5,162 2,600
Total liabilities 165,777 152,245
Stockholders' equity    
Preferred stock, $0.01 par value, 2,500,000 shares authorized (100,000 shares each designated as Series A voting and Series B non-voting, 0 shares issued and outstanding at March 31, 2021 and December 31, 2020)
Common stock, $0.01 par value, 50,000,000 shares authorized, 16,033,481 and 15,861,406 shares issued at March 31, 2021 and December 31, 2020, respectively 161 159
Additional paid in capital 82,519 82,064
Treasury stock, at cost, 446,587 and 327,577 shares at March 31, 2021 and December 31, 2020, respectively (1,782) (1,344)
Accumulated other comprehensive loss (11,607) (11,763)
Accumulated deficit (76,998) (38,619)
Total stockholders' equity (deficit) (7,707) 30,497
Total liabilities and stockholders’ equity $ 158,070 $ 182,742