v3.22.2.2
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Current Assets    
Cash and cash equivalents $ 26,268 $ 34,656
Restricted cash 8,307 6,480
Accounts receivable - trade, net of allowance of $23 and $30, respectively 52,823 47,944
Notes receivable 9 8,148
Inventories, net 94,261 92,516
Prepaid income tax 0 1
Prepaid expenses and other current assets 6,132 4,334
Total current assets 187,800 194,079
Property, plant and equipment, net 211,586 243,035
Land use rights, net 5,168 5,856
Operating right of use asset 5,600 7,078
Financing right of use asset 34 57
Intangible assets, net 3,740 3,836
Other assets, net 415 518
TOTAL ASSETS 414,343 454,459
Current liabilities    
Current portion of notes payable and long-term debt 51,357 49,689
Accounts payable 52,311 34,402
Bank acceptance payable 13,760 8,198
Current lease liability - operating 998 1,062
Current lease liability - financing 19 19
Accrued liabilities 12,444 15,587
Total current liabilities 130,889 108,957
Notes payable and long-term debt, less current portion 0 5,000
Convertible senior notes 79,298 78,680
Non-current lease liability - operating 5,570 7,189
Non-current lease liability - financing 48 63
TOTAL LIABILITIES 215,805 199,889
Stockholders' equity:    
Common Stock; 45,000 shares authorized at $0.001 par value; 28,058 and 27,323 shares issued and outstanding at September 30, 2022 and December 31, 2021, respectively 28 27
Additional paid-in capital 388,316 381,143
Accumulated other comprehensive income (988) 16,071
Accumulated deficit (188,818) (142,671)
TOTAL STOCKHOLDERS' EQUITY 198,538 254,570
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 414,343 $ 454,459