XML 16 R6.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Dec. 31, 2023
OPERATING ACTIVITIES          
Net income $ (6,350) $ (1,560) $ 274 $ 15,193  
Adjustments to reconcile net income to net cash used in operating activities:          
Depreciation and amortization     1,409 1,395  
Accretion of asset retirement obligations 0 24 0 59 $ 59
Deferred income tax     54 0  
Amortization of debt issue costs     101 102  
Deferred revenues and expenses     0 (205)  
Changes in operating assets and liabilities          
Accounts receivable     (367) 1,119  
Accounts receivable, related party     (1,747) (1,529)  
Prepaid expenses and other current assets     (1,548) (1,491)  
Inventory     (15,287) (11,246)  
Asset retirement obligations     (1,505) 0  
Accounts payable, accrued expenses and other liabilities     2,918 (1,694)  
Accounts payable, related party     (685) 395  
Net cash provided by (used in) operating activities     (16,383) 2,098  
INVESTING ACTIVITIES          
Capital expenditures     0 (102)  
Net cash used in investing activities     0 (102)  
FINANCING ACTIVITIES          
Payments on debt principal     (1,237) (744)  
Net activity on related-party debt     0 (1,211)  
Net cash used in financing activities     (1,237) (1,955)  
Net change in cash, cash equivalents, and restricted cash     (17,620) 41  
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH AT BEGINNING OF PERIOD     18,718 1,521 1,521
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH AT END OF PERIOD $ 1,098 $ 1,562 1,098 1,562 $ 18,718
Supplemental Information:          
Issuance of shares for services and/or to extinguish debt     0 0  
Right of use assets financed via operating lease     0 215  
Interest paid     $ 4,813 $ 3,362