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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Assets    
Cash and cash equivalents $ 205,923 $ 175,640
Accounts receivable, inclusive of the blenders’ tax credit of $13,084 and $8,970, and net of allowances for bad debt of $67 and $48, respectively 29,493 26,198
Accounts receivable – related parties 0 6
Inventory 26,910 26,761
Income tax receivable 1,927 1,959
Prepaid expenses 994 3,694
Prepaid expenses – related parties 12 12
Marketable securities 0 37,126
Other current assets 1,962 2,380
Total current assets 267,221 273,776
Property, plant and equipment, net 74,501 76,941
Other assets 4,114 5,252
Total noncurrent assets 78,615 82,193
Total Assets 345,836 355,969
Liabilities and Stockholders’ Equity    
Accounts payable 13,946 28,546
Accounts payable – related parties 6,999 7,799
Deferred revenue – current 3,488 3,772
Dividends payable 2,626 10,503
Accrued expenses and other current liabilities 5,073 5,477
Accrued expenses and other current liabilities – related parties 1 1
Total current liabilities 32,133 56,098
Deferred revenue – non-current 13,333 15,079
Other noncurrent liabilities 3,371 1,792
Total noncurrent liabilities 16,704 16,871
Total liabilities 48,837 72,969
Preferred stock, $0.0001 par value, 5,000,000 shares authorized, none issued and outstanding 0 0
Common stock, $0.0001 par value, 75,000,000 shares authorized, 43,763,243 and 43,763,243 issued and outstanding as of September 30, 2023 and December 31, 2022 4 4
Accumulated other comprehensive loss 0 (1)
Additional paid in capital 282,489 282,489
Retained earnings 14,506 508
Total stockholders’ equity 296,999 283,000
Total Liabilities and Stockholders’ Equity $ 345,836 $ 355,969