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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 1,814 $ 3,979
Accounts receivable 5,620 5,945
Inventories, net 226 209
Prepaid expenses and other current assets 3,111 3,583
Due from related parties 42 0
Total current assets 10,813 13,716
Property, plant and equipment:    
Cost 90,422 89,901
Less accumulated depreciation (38,384) (29,538)
Property, plant and equipment, net 52,038 60,363
Right-of-use assets 786 965
Goodwill 4,453 4,453
Investments in foreign joint ventures 11,897 10,521
Other noncurrent assets 326 308
Total assets 80,313 90,326
Current liabilities:    
Current portion of long-term notes payable 680 0
Current portion of long-term notes payable - related parties 3,351 1,000
Current portion of finance lease obligation - related parties 648 3,440
Current portion of operating lease obligations 362 364
Short-term notes payable 432 558
Accrued liabilities 4,361 5,018
Accounts payable 4,395 4,728
Total current liabilities 14,229 15,108
Long-term notes payable, net of current portion 682 0
Long-term notes payable, net of current portion - related parties 2,726 6,077
Finance lease obligations, net of current portion - related parties 0 648
Long-term portion of operating lease obligations 490 650
Deferred compensation 59 0
Deferred income taxes 97 0
Total liabilities 18,283 22,483
Commitments and contingencies (Note 13)
Stockholders’ equity:    
Preferred Stock; $0.001 par value, 1,000,000 shares authorized, no shares issued and outstanding at December 31, 2020 and December 31, 2019, respectively (Note 17) 0 0
Common stock; $0.001 par value, 37,500,000 shares authorized, 16,896,626 and 16,800,612 shares issued and outstanding at December 31, 2020 and December 31, 2019, respectively (Note 15) 17 17
Additional paid-in capital 91,278 90,748
Accumulated other comprehensive income (loss) 122 (291)
Accumulated deficit (29,387) (22,631)
Total stockholders’ equity 62,030 67,843
Total liabilities and equity $ 80,313 $ 90,326