XML 13 R2.htm IDEA: XBRL DOCUMENT v3.23.1
Consolidated Condensed Balance Sheets (Current Period Unaudited) - USD ($)
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 4,131,000 $ 4,313,000
Accounts receivable 261,000 1,264,000
Inventories, net of allowance for excess and obsolete inventory of $1,040 as of March 31, 2023 and December 31, 2022, respectively 12,538,000 4,658,000
Prepaid expenses 1,502,000 4,248,000
Other current assets 2,792,000 3,653,000
Total current assets 21,224,000 18,136,000
Property, plant and equipment, net 180,808,000 180,441,000
Operating lease right-of-use assets 2,355,000 2,449,000
Other assets 5,994,000 6,088,000
Total assets 210,381,000 207,114,000
Current liabilities:    
Accounts payable 28,508,000 26,168,000
Current portion of long term debt 17,419,000 12,465,000
Short term borrowings 45,282,000 36,754,000
Accrued property taxes 1,364,000 1,206,000
Current portion of operating lease liability 355,000 338,000
Other current liabilities 6,518,000 7,268,000
Total current liabilities 103,628,000 88,281,000
Long term liabilities:    
Senior secured notes and revolving notes 158,255,000 155,843,000
EB-5 notes 29,500,000 29,500,000
Other long term debt 11,479,000 11,678,000
Operating lease liability 2,095,000 2,189,000
Other long term liabilities 5,298,000 5,477,000
Total long term liabilities 329,173,000 320,687,000
Stockholders' deficit:    
Common stock, $0.001 par value; 80,000 authorized; 36,690 and 35,869 shares issued and outstanding each period, respectively 37,000 36,000
Additional paid-in capital 238,272,000 232,546,000
Accumulated deficit (455,395,000) (428,985,000)
Accumulated other comprehensive loss (5,335,000) (5,452,000)
Total stockholders' deficit (222,420,000) (201,854,000)
Total liabilities and stockholders' deficit 210,381,000 207,114,000
Series B Convertible Preferred Stock [Member]    
Stockholders' deficit:    
Series B convertible preferred stock, $0.001 par value; 7,235 authorized; 1,270 shares issued and outstanding each period, respectively (aggregate liquidation preference of $3,810) 1,000 1,000
Convertible Series B Preferred Stock Subject to Mandatory Redemption [Member]    
Current liabilities:    
Financial Instruments Subject to Mandatory Redemption, Settlement Terms, Share Value, Amount, Current 4,182,000 4,082,000
Long term liabilities:    
Financial Instruments Subject to Mandatory Redemption, Settlement Terms, Share Value, Amount, Noncurrent $ 122,546,000 $ 116,000,000