XML 54 R2.htm IDEA: XBRL DOCUMENT v3.20.1
CONSOLIDATED CONDENSED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 303 $ 656
Accounts receivable 1,584 2,036
Inventories 5,246 6,518
Prepaid expenses 910 794
Other current assets 1,810 2,572
Total current assets 9,853 12,576
Property, plant and equipment, net 90,628 84,226
Operating lease right-of-use assets 397 557
Other assets 2,937 2,537
Total assets 103,815 99,896
Current liabilities:    
Accounts payable 16,904 15,968
Current portion of long term debt 6,036 5,792
Short term borrowings 17,327 16,948
Mandatorily redeemable Series B convertible preferred stock 3,175 3,149
Accrued property taxes 4,378 4,095
Accrued contingent litigation fees 6,200 6,200
Other current liabilities 6,935 5,667
Total current liabilities 60,955 57,819
Long term liabilities:    
Senior secured notes 112,177 107,205
EB-5 notes 36,500 36,500
GAFI secured and revolving notes 30,847 29,856
Long term subordinated debt 6,161 6,124
Series A preferred units 16,322 14,077
Other long term liabilities 7,542 2,687
Total long term liabilities 209,549 196,449
Stockholders' deficit:    
Series B convertible preferred stock, $0.001 par value; 7,235 authorized; 1,323 shares issued and outstanding each period, respectively (aggregate liquidation preference of $3,969 for each period respectively) 1 1
Common stock, $0.001 par value; 40,000 authorized; 20,683 and 20,570 shares issued and outstanding each period, respectively 21 21
Additional paid-in capital 87,255 86,852
Accumulated deficit (249,473) (237,421)
Accumulated other comprehensive loss (4,493) (3,825)
Total stockholders' deficit (166,689) (154,372)
Total liabilities and stockholders' deficit $ 103,815 $ 99,896