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CONSOLIDATED STATEMENTS OF STOCKHOLDERS EQUITY - USD ($)
$ in Thousands
Total
Series A Preferred
Series B1 Preferred Stock
Common Stock
Common Stock
Series A Preferred
Common Stock
Series B1 Preferred Stock
Preferred stock
Series A Preferred
Additional Paid-In Capital
Additional Paid-In Capital
Series B1 Preferred Stock
Retained Earnings
Non-controlling Interest
Beginning balance (in shares) at Dec. 31, 2021       63,288,000     386,000        
Beginning balance at Dec. 31, 2021 $ 30,066     $ 63     $ 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)    
Stock 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                  
Equity component of the convertible note issuance, net 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        
Ending balance at Mar. 31, 2022 104,182     $ 64     $ 0 217,734   (115,583) 1,967
Beginning balance (in shares) at Dec. 31, 2021       63,288,000     386,000        
Beginning balance at Dec. 31, 2021 30,066     $ 63     $ 0 138,620   (110,614) 1,997
Increase (Decrease) in Stockholders' Equity                      
Exercise of options/B1 warrants (in shares)       600,000              
Net income (loss) (64,591)                    
Ending balance (in shares) at Jun. 30, 2022       75,509,000     0        
Ending balance at Jun. 30, 2022 97,695     $ 76     $ 0 278,455   (182,588) 1,752
Beginning balance (in shares) at Mar. 31, 2022       64,466,000     381,000        
Beginning balance at Mar. 31, 2022 104,182     $ 64     $ 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 non-controlling shareholder (380)                   (380)
Adjustment of redeemable non controlling interest 0             29   (29)  
Stock 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        
Ending balance at Jun. 30, 2022 97,695     $ 76     $ 0 278,455   (182,588) 1,752
Beginning balance (in shares) at Dec. 31, 2022       75,669,000     0        
Beginning balance at Dec. 31, 2022 165,420     $ 76     $ 0 279,552   (115,893) 1,685
Increase (Decrease) in Stockholders' Equity                      
Exercise of options/B1 warrants (in shares)       166,000              
Exercise of options/ B1 warrants 209             209      
Stock based compensation expense 365             365      
Non controlling shareholder contribution 980                   980
Net income (loss) 53,813                 53,863 (50)
Ending balance (in shares) at Mar. 31, 2023       75,835,000     0        
Ending balance at Mar. 31, 2023 220,787     $ 76     $ 0 280,126   (62,030) 2,615
Beginning balance (in shares) at Dec. 31, 2022       75,669,000     0        
Beginning balance at Dec. 31, 2022 165,420     $ 76     $ 0 279,552   (115,893) 1,685
Increase (Decrease) in Stockholders' Equity                      
Exercise of options/B1 warrants (in shares)       400,000              
Net income (loss) (27,641)                    
Ending balance (in shares) at Jun. 30, 2023       93,237,000     0        
Ending balance at Jun. 30, 2023 241,490     $ 93     $ 0 381,776   (143,431) 3,052
Beginning balance (in shares) at Mar. 31, 2023       75,835,000     0        
Beginning balance at Mar. 31, 2023 220,787     $ 76     $ 0 280,126   (62,030) 2,615
Increase (Decrease) in Stockholders' Equity                      
Exercise of options/B1 warrants (in shares)       195,000              
Exercise of options/ B1 warrants 169             169      
Stock based compensation expense 368             368      
Senior Note Converted (in shares)       17,207,000              
Senior Note Converted 101,130     $ 17       101,113      
Non controlling shareholder contribution 490                   490
Net income (loss) (81,454)                 (81,401) (53)
Ending balance (in shares) at Jun. 30, 2023       93,237,000     0        
Ending balance at Jun. 30, 2023 $ 241,490     $ 93     $ 0 $ 381,776   $ (143,431) $ 3,052