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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Current assets    
Cash $ 16,588 $ 21,359
Cash – restricted 207 222
Trade receivables (net) 44,895 30,515
Other receivables 2,599 2,039
Inventory (net) 76,295 64,965
Prepaid expense and other current assets 2,611 2,436
Assets held for sale 75  
Total current assets 143,270 121,536
Total fixed assets, net of accumulated depreciation of $18,289 and $18,662 at June 30, 2022 and December 31, 2021, respectively 49,433 16,460
Operating lease assets 5,756 3,563
Intangible assets (net) 15,678 11,946
Goodwill 36,805 24,949
Other long-term assets 1,143 1,143
Deferred tax assets 258 178
Total assets 252,343 179,775
Current liabilities    
Accounts payable 59,140 44,136
Accrued expenses 12,913 10,539
Related party payables (net) 109 203
Notes payable 20,373 18,401
Current portion of finance lease obligations 470 399
Current portion of operating lease obligations 1,653 1,064
Customer deposits 3,954 7,121
Total current liabilities 98,612 81,863
Long-term liabilities    
Revolving term credit facilities (net) 46,645 12,717
Notes payable (net) 24,317 10,089
Finance lease obligations (net of current portion) 3,656 3,822
Non-current operating lease obligations (net of current portion) 4,103 2,499
Deferred gain on sale of property 467 507
Deferred tax liability 2,496 1,074
Other long-term liabilities 3,798 4,389
Total long-term liabilities 85,482 35,097
Total liabilities 184,094 116,960
Commitments and contingencies
Equity    
Preferred Stock—Authorized 150,000 shares, no shares issued or outstanding at June 30, 2022 and December 31, 2021
Common Stock—no par value 25,000,000 shares authorized, 20,078,254 and 19,940,487 shares issued and outstanding at June 30, 2022, and December 31, 2021, respectively 133,129 132,206
Paid in capital 3,073 3,264
Retained deficit (70,463) (68,436)
Accumulated other comprehensive loss (6,608) (4,219)
Equity attributable to shareholders of Manitex International, Inc. 59,131 62,815
Equity attributed to noncontrolling interest 9,118  
Total equity 68,249 62,815
Total liabilities and equity $ 252,343 $ 179,775