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Related Parties | 6 Months Ended
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Jun. 30, 2022
Related Party Transactions [Abstract] |
Related Parties | Note 15 – Related Parties The following persons are owners of Fabricaciones y Servicios de México, S.A. de C.V. ("Fasemex"): Jesus Gil, VP Operations and director of the Company; Alejandro Gil and Salvador Gil, siblings of Jesus Gil. Fasemex owns approximately 12.5% of the outstanding shares of Common Stock. Fasemex provides steel fabrication services to the Company. Effective November 2021, the lessors of the Company’s leased facility in Castaños (the "Castaños Facility") are Jesus Gil, Alejandro Gil, and Salvador Gil. Previously, Fasemex was the lessor of the Castaños Facility. The Company paid $4,447 and $16,656 during the three and six months ended June 30, 2022, respectively, and $13,400 and $18,100 during the three and six months ended June 30, 2021, respectively, related to rent payment, security deposit, fabrication services and royalty payments. Distribuciones Industriales JAS S.A. de C.V. (“DI”) is owned by Alejandro Gil and Salvador Gil. The Company paid $563 and $1,072 during the three and six months ended June 30, 2022, respectively, and $500 and $900 duri ng the three and six months ended June 30, 2021, respectively, to DI related to material and safety supplies. Maquinaria y Equipo de Transporte Jova S.A. de C.V ("METJ") is owned by Jorge Gil, another sibling of Jesus Gil. The Company paid $812 and $1,412 during the three and six months ended June 30, 2022, respectively, and $300 and $400 d uring the three and six months ended June 30, 2021, respectively, to METJ related to trucking services. Related party asset on the condensed consolidated balance sheet of $5,121 as of June 30, 2022 includes prepaid inventory of $575 and other receivables of $4,546 from Fasemex. Related party accounts payable on the condensed consolidated balance sheet of $5,454 as of June 30, 2022 includes $5,008 payable to Fasemex, $202 payable to DI and $244 payable to METJ. Related party asset on the condensed consolidated balance sheet of $8,680 as of December 31, 2021 includes prepaid inventory of $4,134 and other receivables of $4,546 from Fasemex. Related party accounts payable on the condensed consolidated balance sheet of $8,870 as of December 31, 2021 includes $8,291 payable to Fasemex, $291 payable to DI and $288 payable to METJ. The Warrantholder beneficially owns approximately 38.0% of the outstanding shares of Common Stock (as disclosed by the Warrantholder in its Schedule 13D/A No. 3 filed with the SEC on April 12, 2022). The Company paid $2,084 and $4,120 to the Warrantholder during the three and six months ended June 30, 2022, respectively, for term loan interest, of which $1,726 and $3,398 was paid in cash during the three and six months ended June 30, 2022, respectively, and $358 and $722 was payment in kind during the three and six months ended June 30, 2022, respectively. Additionally, the Company paid $1,000 and $2,000 in equity fees during the three and six months ended June 30, 2022, respectively, and $125 and $247 in cash fees during the three and six months ended June 30, 2022, respectively, to the Warrantholder related to the standby letter of credit described in Note 8 Debt Financing and Revolving Credit Facilitie s.

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- Definition The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -URI https://asc.fasb.org/topic&trid=2122745 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 6 -URI https://asc.fasb.org/extlink&oid=6457730&loc=d3e39691-107864 + Details
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