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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Current assets    
Cash, cash equivalents and restricted cash equivalents $ 21,531 $ 26,240
Accounts receivable, net of allowance for doubtful accounts of $475 and $323 respectively 23,488 9,571
VAT receivable 13,307 31,136
Inventories, net 75,845 56,012
Related party asset 5,121 8,680
Prepaid expenses 11,188 5,087
Total current assets 150,480 136,726
Property, plant and equipment, net 19,284 18,236
Railcars available for lease, net 19,852 20,160
Right of use asset 16,033 16,669
Other long-term assets 6,705 8,873
Total assets 212,354 200,664
Current liabilities    
Accounts and contractual payables 46,767 41,185
Related party accounts payable 5,454 8,870
Accrued payroll and other employee costs 1,883 2,912
Reserve for workers’ compensation 1,271 1,563
Accrued warranty 4,788 2,533
Customer deposits 18,706 3,300
Deferred income state and local incentives, current 1,291
Lease liability, current 1,623 1,955
Other current liabilities 5,626 5,711
Total current liabilities 86,118 69,320
Long-term debt, net of current portion 81,960 79,484
Warrant liability 34,498 32,514
Accrued pension costs 35
Deferred income state and local incentives, long-term 1,216
Lease liability, long-term 15,995 16,617
Other long-term liabilities 3,934 3,134
Total liabilities 222,505 202,320
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 June 30, 2022 and December 31, 2021)
Common stock, $0.01 par value, 50,000,000 shares authorized, 16,525,266 and 15,947,228 shares issued at June 30, 2022 and December 31, 2021, respectively 198 190
Additional paid in capital 86,380 83,742
Accumulated other comprehensive loss (5,355) (5,522)
Accumulated deficit (91,374) (80,066)
Total stockholders' (deficit) equity (10,151) (1,656)
Total liabilities and stockholders (deficit) equity $ 212,354 $ 200,664