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CONSOLIDATED STATEMENTS OF EQUITY - USD ($)
$ in Thousands
Total
Series A Preferred
Series B1 Preferred Stock
Series B Preferred Stock
Common Stock
Common Stock
Series A Preferred
Common Stock
Series B1 Preferred Stock
Common Stock
Series B Preferred Stock
Preferred stock
Preferred stock
Series A Preferred
Preferred stock
Series C Preferred
Additional Paid-In Capital
Additional Paid-In Capital
Series B1 Preferred Stock
Additional Paid-In Capital
Series B Preferred Stock
Retained Earnings
Retained Earnings
Series B Preferred Stock
Non-controlling Interest
Beginning balance (in shares) at Dec. 31, 2020         45,555,000         420,000 0            
Beginning balance at Dec. 31, 2020 $ 5,925       $ 46         $ 0 $ 0 $ 94,570     $ (90,009)   $ 1,318
Increase (Decrease) in Stockholders' Equity                                  
Exercise of options/B1 warrants (in shares)         23,000   1,080,000                    
Exercise of options/ B1 warrants 0   $ 2,758   $ 0   $ 1         0 $ 2,757        
Share based compensation expense 150                     150          
Exchanges of Series B Preferred stock to common (in shares)               2,359,000                  
Exchanges of Series B Preferred stock to common       $ 4,746       $ 2           $ 4,114   $ 630  
Conversion of Series B Preferred stock to common (in shares)               638,000                  
Conversion of Series B Preferred stock to common       1,979       $ 1           1,978      
Conversion of Series B1 Preferred stock to common (in shares)             2,087,000                    
Conversion of Series B1 Preferred stock to common     3,256       $ 2           3,254        
Dividends on Series B and B1 (372)                           (372)    
Accretion of discount on Series B and B1 (224)                           (224)    
Accretion of redeemable non-controlling interest to redemption value (373)                           (373)    
Net income (loss) 2,965                           974   1,991
Less: amount attributable to redeemable non-controlling interest (1,542)                               (1,542)
Ending balance (in shares) at Mar. 31, 2021         51,742,000         420,000 0            
Ending balance at Mar. 31, 2021 19,268       $ 52         $ 0 $ 0 106,823     (89,374)   1,767
Beginning balance (in shares) at Dec. 31, 2020         45,555,000         420,000 0            
Beginning balance at Dec. 31, 2020 5,925       $ 46         $ 0 $ 0 94,570     (90,009)   1,318
Increase (Decrease) in Stockholders' Equity                                  
Exercise of options/B1 warrants (in shares)         500,000                        
Net income (loss) (12,991)                                
Ending balance (in shares) at Jun. 30, 2021         59,909,000         392,000 0            
Ending balance at Jun. 30, 2021 18,503       $ 60         $ 0 $ 0 125,804     (109,420)   2,059
Beginning balance (in shares) at Mar. 31, 2021         51,742,000         420,000 0            
Beginning balance at Mar. 31, 2021 19,268       $ 52         $ 0 $ 0 106,823     (89,374)   1,767
Increase (Decrease) in Stockholders' Equity                                  
Exercise of options/B1 warrants (in shares)         505,000   157,000                    
Exercise of options/ B1 warrants 229   1,634   $ 0   $ 0         229 1,634        
Exercise of options to common- unissued 475                     475          
Leverage Lubricants contribution (13)                               (13)
Exercise of B1 warrants-unissued 1,186                     1,186          
Share based compensation expense 205                     205          
Conversion of Series A Preferred stock to common (in shares)         28,000         (28,000)              
Conversion of Series A Preferred stock to common 0                                
Conversion of Series B Preferred stock to common (in shares)               1,842,000                  
Conversion of Series B Preferred stock to common       5,709       $ 2           5,707      
Conversion of Series B Preferred stock to common-unissued       $ 760                   $ 760      
Conversion of Series B1 Preferred stock to common (in shares)             5,635,000                    
Conversion of Series B1 Preferred stock to common     8,791       $ 6           8,785        
Accretion of discount on Series B and B1 (284)                           (284)    
Accretion of redeemable non-controlling interest to redemption value (387)                           (387)    
Net income (loss) (15,957)                           (19,375)   3,418
Less: amount attributable to redeemable non-controlling interest (3,113)                               (3,113)
Ending balance (in shares) at Jun. 30, 2021         59,909,000         392,000 0            
Ending balance at Jun. 30, 2021 18,503       $ 60         $ 0 $ 0 125,804     (109,420)   2,059
Beginning balance (in shares) at Dec. 31, 2021         63,288,000         386,000 0            
Beginning balance at Dec. 31, 2021 30,066       $ 63         $ 0 $ 0 138,620     (110,614)   1,997
Increase (Decrease) in Stockholders' Equity                                  
Exercise of options/B1 warrants (in shares)         60,000   1,113,000                    
Exercise of options/ B1 warrants 76   $ 0       $ 1         76 $ (1)        
Share based compensation expense 250                     250          
Conversion of Series A Preferred stock to common (in shares)           5,000       (5,000)              
Conversion of Series A Preferred stock to common   $ 0                              
Reclassification of derivative liabilities 78,789                     78,789          
Accretion of redeemable non-controlling interest to redemption value (422)                           (422)    
Net income (loss) (808)                           (4,547)   3,739
Less: amount attributable to redeemable non-controlling interest (3,769)                               (3,769)
Ending balance (in shares) at Mar. 31, 2022         64,466,000         381,000 0            
Ending balance at Mar. 31, 2022 104,182       $ 64         $ 0 $ 0 217,734     (115,583)   1,967
Beginning balance (in shares) at Dec. 31, 2021         63,288,000         386,000 0            
Beginning balance at Dec. 31, 2021 30,066       $ 63         $ 0 $ 0 138,620     (110,614)   1,997
Increase (Decrease) in Stockholders' Equity                                  
Exercise of options/B1 warrants (in shares)         600,000                        
Conversion of Series A Preferred stock to common (in shares)         10,200,000                        
Conversion of Series A Preferred stock to common 59,800                                
Net income (loss) (64,591)                                
Ending balance (in shares) at Jun. 30, 2022         75,509,000       0   0            
Ending balance at Jun. 30, 2022 97,695       $ 76       $ 0   $ 0 278,455     (182,588)   1,752
Beginning balance (in shares) at Mar. 31, 2022         64,466,000         381,000 0            
Beginning balance at Mar. 31, 2022 104,182       $ 64         $ 0 $ 0 217,734     (115,583)   1,967
Increase (Decrease) in Stockholders' Equity                                  
Exercise of options/B1 warrants (in shares)         498,000                        
Exercise of options/ B1 warrants 554       $ 1             553          
Exercise of options to common- unissued 3                     3          
Distribution to noncontrolling shareholder (380)                               (380)
Adjustment of redeemable non controlling interest 0                     29     (29)    
Share based compensation expense 324                     324          
Conversion of Series A Preferred stock to common (in shares)         10,164,000 381,000       (381,000)              
Conversion of Series A Preferred stock to common 59,822 $ 1     $ 10 $ 1           59,812          
Accretion of redeemable non-controlling interest to redemption value (6)                           (6)    
Net income (loss) (63,782)                           (66,970)   3,188
Less: amount attributable to redeemable non-controlling interest (3,023)                               (3,023)
Ending balance (in shares) at Jun. 30, 2022         75,509,000       0   0            
Ending balance at Jun. 30, 2022 $ 97,695       $ 76       $ 0   $ 0 $ 278,455     $ (182,588)   $ 1,752