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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 40,403 $ 68,899
Restricted cash 1,948 6,421
Accounts receivable, net of allowance for doubtful accounts of $5,486 at September 30, 2022 and $2,368 at December 31, 2021 56,741 66,676
Accounts receivable—affiliates 5,642 3,819
Inventory 5,273 1,982
Fair value of derivative assets, net 25,064 3,930
Customer acquisition costs, net 2,847 946
Customer relationships, net 4,469 8,523
Deposits 6,491 6,664
Renewable energy credit asset 20,730 14,691
Other current assets 6,815 14,129
Total current assets 176,423 196,680
Property and equipment, net 4,880 4,261
Fair value of derivative assets, net 1,504 340
Customer acquisition costs, net 1,527 453
Customer relationships, net 566 5,660
Deferred tax assets 18,867 23,915
Goodwill 120,343 120,343
Other assets 4,044 3,624
Total assets 328,154 355,276
Current liabilities:    
Accounts payable 26,992 43,285
Accounts payable—affiliates 431 491
Accrued liabilities 13,560 19,303
Renewable energy credit liability 12,370 13,548
Fair value of derivative liabilities, net 2,166 4,158
Other current liabilities 582 1,707
Total current liabilities 56,101 82,492
Long-term liabilities:    
Fair value of derivative liabilities, net 5,794 36
Long-term portion of Senior Credit Facility 93,000 135,000
Subordinated debt—affiliates 20,000 0
Other long-term liabilities 36 109
Total liabilities 174,931 217,637
Commitments and contingencies (Note 12)
Series A Preferred Stock, par value $0.01 per share, 20,000,000 shares authorized, 3,567,543 shares issued and outstanding at September 30, 2022 and December 31, 2021 87,364 87,288
Stockholders' equity:    
Additional paid-in capital 56,883 54,663
Accumulated other comprehensive loss (40) (40)
Retained earnings 3,222 776
Treasury stock, at cost, 144,594 shares at September 30, 2022 and December 31, 2021 (2,406) (2,406)
Total stockholders' equity 58,020 53,352
Non-controlling interest in Spark HoldCo, LLC 7,839 (3,001)
Total equity 65,859 50,351
Total liabilities, Series A Preferred Stock and Stockholders' equity 328,154 355,276
Common Class A    
Stockholders' equity:    
Common stock 160 158
Common Class B    
Stockholders' equity:    
Common stock $ 201 $ 201