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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Assets    
Cash and cash equivalents $ 120,984 $ 137,521
Accounts receivable, inclusive of the blenders' tax credit of $5,550 and $8,232, at March 31, 2022 and December 31, 2021, respectively, and net of allowances for bad debt of $55 and $67 at March 31, 2022 and December 31, 2021, respectively 18,048 29,316
Accounts receivable – related parties 0 58
Inventory 37,620 26,920
Income tax receivable 9,745 9,760
Prepaid expenses 2,957 3,588
Prepaid expenses – related parties 12 4
Marketable securities 42,751 47,190
Other current assets 5,712 1,476
Total current assets 237,829 255,833
Property, plant and equipment, net 81,056 82,901
Other assets 5,498 5,596
Total noncurrent assets 86,554 88,497
Total Assets 324,383 344,330
Liabilities and Stockholders’ Equity    
Accounts payable, inclusive of the blenders' tax credit rebates due customers of $890 and $890, respectively 13,992 14,912
Accounts payable – related parties 7,968 7,911
Deferred revenue – current 6,376 6,151
Dividends payable 7,877 0
Accrued expenses and other current liabilities 5,164 6,081
Accrued expenses and other current liabilities – related parties 0 1
Total current liabilities 41,377 35,056
Deferred revenue – non-current 14,261 16,755
Noncurrent deferred income tax liability 1,138 1,870
Other noncurrent liabilities 1,629 1,721
Total noncurrent liabilities 17,028 20,346
Total liabilities 58,405 55,402
Commitments and contingencies:
Preferred stock, $0.0001 par value, 5,000,000 shares authorized, none issued and outstanding 0 0
Common stock, $0.0001 par value, 75,000,000 shares authorized, 43,763,243 and 43,763,243 issued and outstanding as of March 31, 2022 and December 31, 2021 4 4
Accumulated other comprehensive income 129 178
Additional paid in capital 282,443 282,443
Retained earnings (accumulated deficit) (16,598) 6,303
Total stockholders’ equity 265,978 288,928
Total Liabilities and Stockholders’ Equity $ 324,383 $ 344,330