XML 18 R2.htm IDEA: XBRL DOCUMENT v3.22.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Current assets    
Cash, cash equivalents and restricted cash equivalents $ 41,011 $ 26,240
Accounts receivable, net of allowance for doubtful accounts of $475 and $323 respectively 22,088 9,571
VAT receivable 32,941 31,136
Inventories, net 58,476 56,012
Related party asset 5,259 8,680
Prepaid expenses 8,203 5,087
Total current assets 167,978 136,726
Property, plant and equipment, net 18,515 18,236
Railcars available for lease, net 20,007 20,160
Right of use asset 16,353 16,669
Other long-term assets 7,897 8,873
Total assets 230,750 200,664
Current liabilities    
Accounts and contractual payables 46,482 41,185
Related party accounts payable 6,815 8,870
Accrued payroll and other employee costs 1,941 2,912
Reserve for workers’ compensation 1,594 1,563
Accrued warranty 5,639 2,533
Customer deposits 22,006 3,300
Deferred income state and local incentives, current 649 1,291
Lease liability, current 1,980 1,955
Other current liabilities 4,798 5,711
Total current liabilities 91,904 69,320
Long-term debt, net of current portion 88,572 79,484
Warrant liability 53,244 32,514
Accrued pension costs 0 35
Deferred income state and local incentives, long-term 0 1,216
Lease liability, long-term 16,116 16,617
Other long-term liabilities 6,942 3,134
Total liabilities 256,778 202,320
Stockholders (deficit) 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, 2022 and December 31, 2021) 0 0
Common stock, $0.01 par value, 50,000,000 shares authorized, 16,525,266 and 15,947,228 shares issued at March 31, 2022 and December 31, 2021, respectively 196 190
Additional paid in capital 85,127 83,742
Accumulated other comprehensive loss (5,438) (5,522)
Accumulated deficit (105,913) (80,066)
Total stockholders' (deficit) equity (26,028) (1,656)
Total liabilities and stockholders (deficit) equity $ 230,750 $ 200,664