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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 7,203 $ 16,913
Restricted cash 13,417 13,829
Accounts receivable, net 7,586 6,114
Prepaid expenses and other assets 5,008 4,099
Derivative assets 1,600 2,611
Total current assets 34,814 43,566
Property and equipment, net 606,069 615,754
Other assets, net 1,226 1,948
Total assets 642,109 661,268
Current liabilities:    
Accounts payable 10,005 7,272
Accrued expenses 36,008 36,944
Current portion of notes payable, net of deferred loan costs 88,636 46,029
Deferred income 4,142 3,419
Federal and state income taxes payable 61 0
Other current liabilities 554 653
Total current liabilities 139,406 94,317
Notes payable, net of deferred loan costs and current portion 547,381 625,002
Other liabilities 77 113
Total liabilities 686,864 719,432
Commitments and contingencies
Redeemable preferred stock:    
Series A convertible preferred stock, $0.01 par value; 41 shares authorized, 41 shares issued and outstanding as of June 30, 2023 and December 31, 2022 45,978 43,550
Shareholders’ deficit:    
Authorized shares - 15,000 as of June 30, 2023 and December 31, 2022; none issued or outstanding, except Series A convertible preferred stock as noted above 0 0
Authorized shares - 15,000 as of June 30, 2023 and December 31, 2022; 7,178 and 6,670 shares issued and outstanding as of June 30, 2023 and December 31, 2022, respectively 72 67
Additional paid-in capital 294,320 295,277
Retained deficit (385,125) (397,058)
Total shareholders’ deficit (90,733) (101,714)
Total liabilities, redeemable preferred stock and shareholders’ deficit $ 642,109 $ 661,268