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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 51,363 $ 68,899
Restricted cash 2,417 6,421
Accounts receivable, net of allowance for doubtful accounts of $3,055 at March 31, 2022 and $2,368 at December 31, 2021 65,510 66,676
Accounts receivable—affiliates 3,718 3,819
Inventory 108 1,982
Fair value of derivative assets, net 27,911 3,930
Customer acquisition costs, net 1,401 946
Customer relationships, net 9,893 8,523
Deposits 6,393 6,664
Renewable energy credit asset 21,108 14,691
Other current assets 12,307 14,129
Total current assets 202,129 196,680
Property and equipment, net 4,388 4,261
Fair value of derivative assets, net 1,177 340
Customer acquisition costs, net 853 453
Customer relationships, net 622 5,660
Deferred tax assets 19,967 23,915
Goodwill 120,343 120,343
Other assets 3,269 3,624
Total assets 352,748 355,276
Current liabilities:    
Accounts payable 35,612 43,285
Accounts payable—affiliates 437 491
Accrued liabilities 16,822 19,303
Renewable energy credit liability 16,919 13,548
Fair value of derivative liabilities, net 86 4,158
Other current liabilities 503 1,707
Total current liabilities 70,379 82,492
Long-term liabilities:    
Fair value of derivative liabilities, net 885 36
Long-term portion of Senior Credit Facility 106,000 135,000
Subordinated debt—affiliates 15,000 0
Other long-term liabilities 0 109
Total liabilities 192,264 217,637
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 3,567,543 shares outstanding at March 31, 2022 and December 31, 2021 87,288 87,288
Stockholders' equity:    
Additional paid-in capital 55,209 54,663
Accumulated other comprehensive loss (40) (40)
Retained earnings 8,960 776
Treasury stock, at cost, 144,594 shares at March 31, 2022 and December 31, 2021 (2,406) (2,406)
Total stockholders' equity 62,082 53,352
Non-controlling interest in Spark HoldCo, LLC 11,114 (3,001)
Total equity 73,196 50,351
Total liabilities, Series A Preferred Stock and Stockholders' equity 352,748 355,276
Common Class A    
Stockholders' equity:    
Common Stock 158 158
Common Class B    
Stockholders' equity:    
Common Stock $ 201 $ 201