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Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 7,056,000 $ 3,979,000
Accounts receivable, net 1,499,000 5,945,000
Inventories, net 187,000 209,000
Prepaid expenses and other current assets 2,114,000 3,583,000
Total current assets 10,856,000 13,716,000
Property, plant and equipment, net 55,983,000 60,363,000
Right-of-use assets 841,000 965,000
Goodwill 4,453,000 4,453,000
Investments in foreign joint ventures 9,174,000 10,521,000
Other noncurrent assets 303,000 308,000
Total assets 81,610,000 90,326,000
Current liabilities:    
Current portion of long-term notes payable 313,000 0
Current portion of long-term notes payable - related parties 2,140,000 1,000,000
Current portion of finance lease obligation - related parties 2,394,000 3,440,000
Current portion of operating lease obligations 315,000 364,000
Short-term notes payable 307,000 558,000
Accrued liabilities 3,796,000 5,018,000
Accounts payable 2,979,000 4,728,000
Total current liabilities 12,244,000 15,108,000
Long-term notes payable, net of current portion 767,000 0
Long-term notes payable, net of current portion - related parties 4,937,000 6,077,000
Finance lease obligations, net of current portion - related parties 0 648,000
Long-term portion of operating lease obligations 594,000 650,000
Deferred compensation 87,000 0
Deferred income taxes 28,000 0
Total liabilities 18,657,000 22,483,000
Commitments and contingencies (Note 13)
Stockholders' Equity:    
Preferred Stock; $0.001 par value, 1,000,000 shares authorized, no shares issued and outstanding at June 30, 2020 and December 31, 2019, respectively 0 0
Stockholders’ equity:    
Common stock; $0.001 par value, 37,500,000 shares authorized, 16,896,626 and 16,800,612 shares issued and outstanding at June 30, 2020 and December 31, 2019, respectively (Note 14) 17,000 17,000
Additional paid-in capital 90,906,000 90,748,000
Accumulated other comprehensive loss (826,000) (291,000)
Accumulated deficit (27,144,000) (22,631,000)
Total stockholders’ equity 62,953,000 67,843,000
Total liabilities and equity $ 81,610,000 $ 90,326,000