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Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 3,162,000 $ 3,979,000
Accounts receivable, net 6,158,000 5,945,000
Inventories, net 127,000 209,000
Prepaid expenses and other current assets 2,379,000 3,583,000
Due from related parties 19,000 0
Total current assets 11,845,000 13,716,000
Property, plant and equipment, net 58,177,000 60,363,000
Right-of-use assets 849,000 965,000
Goodwill 4,453,000 4,453,000
Investments in foreign joint ventures 10,120,000 10,521,000
Other noncurrent assets 301,000 308,000
Total assets 85,745,000 90,326,000
Current liabilities:    
Current portion of long-term notes payable - related parties 1,000,000 1,000,000
Current portion of finance lease obligation - related parties 3,319,000 3,440,000
Current portion of operating lease obligations 334,000 364,000
Short-term notes payable 321,000 558,000
Accrued liabilities 4,490,000 5,018,000
Accounts payable 3,283,000 4,728,000
Total current liabilities 12,747,000 15,108,000
Long-term notes payable, net of current portion - related parties 6,077,000 6,077,000
Finance lease obligations, net of current portion - related parties 1,000 648,000
Long-term portion of operating lease obligations 586,000 650,000
Deferred compensation 113,000 0
Deferred income taxes 28,000 0
Total liabilities 19,552,000 22,483,000
Commitments and contingencies (Note 13)
Equity:    
Preferred Stock; $0.001 par value, 1,000,000 shares authorized, no shares issued and outstanding at March 31, 2020 and December 31, 2019, respectively 0 0
Stockholders’ equity:    
Common stock; $0.001 par value, 37,500,000 shares authorized, 16,835,318 and 16,800,612 shares issued and outstanding at March 31, 2020 and December 31, 2019, respectively (Note 14) 17,000 17,000
Additional paid-in capital 90,767,000 90,748,000
Accumulated other comprehensive loss (910,000) (291,000)
Accumulated deficit (23,681,000) (22,631,000)
Total stockholders’ equity 66,193,000 67,843,000
Total Equity 66,193,000 67,843,000
Total liabilities and equity $ 85,745,000 $ 90,326,000