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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets    
Cash, cash equivalents and restricted cash equivalents $ 44,450 $ 40,560
Accounts receivable, net of allowance for credit losses of $47 and $18 respectively 12,506 6,408
VAT receivable 3,851 2,926
Inventories, net 75,281 125,022
Assets held for sale 629 0
Related party asset 959 638
Prepaid expenses and other current assets 7,355 4,867
Total current assets 145,031 180,421
Property, plant and equipment, net 30,107 31,258
Railcars available for lease, net 0 2,842
Right of use asset operating lease 2,423 2,826
Right of use asset finance lease 45,081 40,277
Other long-term assets 1,574 1,835
Total assets 224,216 259,459
Current liabilities    
Accounts and contractual payables 49,574 84,417
Related party accounts payable 2,693 2,478
Accrued payroll and other employee costs 6,286 5,738
Accrued warranty 2,389 1,602
Deferred revenue 8,556 5,686
Current portion of long-term debt 2,875 29,415
Lease liability finance lease, current 1,256 1,378
Other current liabilities 7,196 6,647
Total current liabilities 80,825 137,361
Long-term debt, net of current portion 105,540 0
Warrant liability 136,319 36,801
Accrued pension costs 1,073 1,046
Lease liability operating lease, long-term 2,645 3,164
Lease liability finance lease, long-term 46,678 41,273
Other long-term liabilities 1,409 2,562
Total liabilities 374,489 222,207
Commitments and contingencies
Series C Preferred stock, $0.01 par value, 85,412 shares authorized, 0 and 85,412 shares issued and outstanding as of December 31, 2024 and December 31, 2023, respectively. Liquidation value $0 and $95,048 as of December 31, 2024 and December 31, 2023, respectively. 0 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 December 31, 2024 and December 31, 2023) 0 0
Common stock, $0.01 par value, 50,000,000 shares authorized, 18,960,608 and 17,903,437 shares issued and outstanding at December 31, 2024 and December 31, 2023, respectively 221 210
Additional paid in capital 69,404 94,067
Accumulated other comprehensive income 721 2,365
Accumulated deficit (220,619) (142,848)
Total stockholders' deficit (150,273) (46,206)
Total liabilities, mezzanine equity and stockholders' equity $ 224,216 $ 259,459