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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current assets    
Cash, cash equivalents and restricted cash equivalents $ 39,370 $ 40,560
Accounts receivable, net of allowance for doubtful accounts of $88 and $18 respectively 12,815 6,408
VAT receivable 2,895 2,926
Inventories, net 64,479 125,022
Assets held for sale 629 0
Related party asset 1,010 638
Prepaid expenses 5,915 4,867
Total current assets 127,113 180,421
Property, plant and equipment, net 30,489 31,258
Railcars available for lease, net 0 2,842
Right of use asset operating lease 2,620 2,826
Right of use asset finance lease 44,507 40,277
Other long-term assets 2,492 1,835
Consolidated assets 207,221 259,459
Current liabilities    
Accounts and contractual payables 45,102 84,417
Related party accounts payable 1,083 2,478
Accrued payroll and other employee costs 5,255 5,738
Accrued warranty 1,361 1,602
Customer deposits 8,709 0
Current portion of long-term debt 0 29,415
Other current liabilities 6,616 13,711
Total current liabilities 68,126 137,361
Warrant liability 52,342 36,801
Accrued pension costs 1,165 1,046
Lease liability operating lease, long-term 2,909 3,164
Lease liability finance lease, long-term 45,747 41,273
Other long-term liabilities 2,016 2,562
Total liabilities 172,305 222,207
Commitments and contingencies
Series C Preferred stock, $0.01 par value, 85,412 shares authorized, 85,412 shares issued and outstanding at each of June 30, 2024 and December 31, 2023, respectively. Liquidation value $103,712 and $95,048 at June 30, 2024 and December 31, 2023, respectively. 83,745 83,458
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 June 30, 2024 and December 31, 2023) 0 0
Common stock, $0.01 par value, 50,000,000 shares authorized, 18,873,850 and 17,903,437 shares issued and outstanding at June 30, 2024 and December 31, 2023, respectively 220 210
Additional paid in capital 96,312 94,067
Accumulated other comprehensive income 1,168 2,365
Accumulated deficit (146,529) (142,848)
Total stockholders' deficit (48,829) (46,206)
Total liabilities, mezzanine equity and stockholders' deficit $ 207,221 $ 259,459