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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current assets    
Cash, cash equivalents and restricted cash equivalents $ 40,560 $ 37,912
Accounts receivable, net of allowance for doubtful accounts of $18 and $126 respectively 6,408 9,571
VAT receivable 2,926 4,682
Inventories, net 125,022 64,317
Assets held for sale 0 3,675
Related party asset 638 3,261
Prepaid expenses 4,867 5,470
Total current assets 180,421 128,888
Property, plant and equipment, net 31,258 23,248
Railcars available for lease, net 2,842 11,324
Right of use asset operating lease 2,826 1,596
Right of use asset finance lease 40,277 33,093
Other long-term assets 1,835 1,589
Total assets 259,459 199,738
Current liabilities    
Accounts and contractual payables 84,417 48,449
Related party accounts payable 2,478 3,393
Accrued payroll and other employee costs 5,738 4,081
Accrued warranty 1,602 1,940
Estimated annual maturities of long-term debt 29,415 40,742
Other current liabilities 13,711 7,380
Total current liabilities 137,361 105,985
Long-term debt, net of current portion 0 51,494
Warrant liability 36,801 31,028
Accrued pension costs 1,046 1,040
Lease liability operating lease, long-term 3,164 1,780
Lease liability finance lease, long-term 41,273 33,245
Other long-term liabilities 2,562 3,750
Total liabilities 222,207 228,322
Commitments and contingencies (Note 12)
Series C Preferred stock, $0.01 par value, 85,412 shares authorized, 85,412 and 0 shares issued and outstanding at December 31, 2023 and December 31, 2022, respectively. Liquidation value $95,048 and $0 at December 31, 2023 and December 31, 2022, respectively. 83,458 0
Stockholders' deficit    
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 December 31, 2023 and December 31, 2022) 0 0
Common stock, $0.01 par value, 50,000,000 shares authorized, 17,903,437 and 17,223,306 shares issued and outstanding at December 31, 2023 and December 31, 2022, respectively 210 203
Additional paid in capital 94,067 89,104
Accumulated other comprehensive income 2,365 1,022
Accumulated deficit (142,848) (118,913)
Total stockholders' deficit (46,206) (28,584)
Total liabilities, mezzanine equity and stockholders' deficit $ 259,459 $ 199,738