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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 68,899 $ 71,684
Restricted cash 6,421 0
Accounts receivable, net of allowance for doubtful accounts of $2,368 and $3,942 as of December 31, 2021 and 2020, respectively 66,676 70,350
Accounts receivable—affiliates 3,819 5,053
Inventory 1,982 1,496
Fair value of derivative assets 3,930 311
Customer acquisition costs, net 946 5,764
Customer relationships, net 8,523 12,077
Deposits 6,664 5,655
Renewable energy credit asset 14,691 20,666
Other current assets 14,129 11,818
Total current assets 196,680 204,874
Property and equipment, net 4,261 3,354
Fair value of derivative assets 340 0
Customer acquisition costs, net 453 306
Customer relationships, net 5,660 5,691
Deferred tax assets 23,915 27,960
Goodwill 120,343 120,343
Other assets 3,624 4,139
Total Assets 355,276 366,667
Current liabilities:    
Accounts payable 43,285 27,322
Accounts payable—affiliates 491 826
Accrued liabilities 19,303 34,164
Renewable energy credit liability 13,548 19,549
Fair value of derivative liabilities 4,158 7,505
Other current liabilities 1,707 1,295
Total current liabilities 82,492 90,661
Long-term liabilities:    
Fair value of derivative liabilities 36 227
Long-term portion of Senior Credit Facility 135,000 100,000
Other long-term liabilities 109 30
Total liabilities 217,637 190,918
Commitments and contingencies (Note 14)
Series A Preferred Stock, par value $0.01 per share, 20,000,000 shares authorized, 3,567,543 shares issued and 3,567,543 shares outstanding at December 31, 2021 and 3,707,256 shares issued and 3,567,543 outstanding at December 31, 2020 87,288 87,288
Stockholders' equity:    
Additional paid-in capital 54,663 55,222
Accumulated other comprehensive (loss)/income (40) (40)
Retained earnings 776 11,721
Treasury stock, at cost, 144,594 at December 31, 2021 and December 31, 2020 (2,406) (2,406)
Total stockholders' equity 53,352 64,854
Non-controlling interest in Spark HoldCo, LLC (3,001) 23,607
Total equity 50,351 88,461
Total Liabilities, Series A Preferred Stock and stockholders' equity 355,276 366,667
Common Class A    
Stockholders' equity:    
Common stock 158 148
Common Class B    
Stockholders' equity:    
Common stock $ 201 $ 209