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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 47,059 $ 33,658
Restricted cash 0 1,693
Inventory 1,923 4,405
Fair value of derivative assets, net 421 1,632
Customer acquisition costs, net 4,629 3,530
Customer relationships, net 350 2,520
Deposits 8,105 10,568
Renewable energy credit asset 21,682 24,251
Other current assets 8,043 8,749
Total current assets 145,319 178,927
Property and equipment, net 4,723 4,691
Fair value of derivative assets, net 198 666
Customer acquisition costs, net 1,730 1,683
Customer relationships, net 310 481
Deferred tax assets 19,063 20,437
Goodwill 120,343 120,343
Other assets 3,097 3,722
Total assets 294,783 330,950
Current liabilities:    
Accrued liabilities 7,870 8,431
Renewable energy credit liability 10,535 13,722
Fair value of derivative liabilities, net 21,121 16,132
Other current liabilities 64 322
Total current liabilities 64,910 92,168
Long-term liabilities:    
Fair value of derivative liabilities, net 2,429 2,715
Long-term portion of Senior Credit Facility 105,000 100,000
Subordinated debt—affiliates 5,000 20,000
Other long-term liabilities 0 18
Total liabilities 177,339 214,901
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 outstanding at June 30, 2023 and December 31, 2022 87,976 87,713
Stockholders' equity:    
Additional paid-in capital 38,559 42,871
Accumulated other comprehensive loss (40) (40)
Retained earnings 7,227 2,073
Treasury stock, at cost, 28,919 shares at June 30, 2023 and December 31, 2022 (2,406) (2,406)
Total stockholders' equity 43,412 42,570
Non-controlling interest in Spark HoldCo, LLC (13,944) (14,234)
Total equity 29,468 28,336
Total liabilities, Series A Preferred Stock and Stockholders' equity 294,783 330,950
Nonrelated Party    
Current assets:    
Accounts receivable 47,880 81,466
Current liabilities:    
Accounts payable 24,487 53,296
Related Party    
Current assets:    
Accounts receivable 5,227 6,455
Current liabilities:    
Accounts payable 833 265
Common Class A    
Stockholders' equity:    
Common stock 32 32
Common Class B    
Stockholders' equity:    
Common stock $ 40 $ 40