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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
CURRENT ASSETS:    
Cash and cash equivalents $ 31,242 $ 41,601
Restricted cash - short-term 6,792 1,653
Trade accounts receivable, net of allowance for doubtful accounts of $2,631 and $2,003 at December 31, 2019 and 2018, respectively 49,822 35,920
Inventory 16,632 9,893
Prepaid expenses 6,318 6,167
Other current assets 2,133 2,670
TOTAL CURRENT ASSETS 112,939 97,904
Property and equipment, net 3,607 4,301
Goodwill 12,135 11,082
Other intangibles, net 6,837 6,321
Investment in equity method investees 675 2,208
Restricted cash - long-term 520 943
Deferred income tax assets, net 12,154 15,625
Other assets 7,377 8,480
TOTAL ASSETS 156,244 146,864
CURRENT LIABILITIES:    
Loans payable 921
Current portion of notes payable 116 923
Trade accounts payable 24,387 18,508
Accrued expenses 26,116 25,242
Contract liability 13,426 1,137
Income taxes payable 1,591 1,463
Due to IDT Corporation 381 234
Short-term revolving line of credit 2,514
Other current liabilities 2,704 3,279
TOTAL CURRENT LIABILITIES 72,156 50,786
Long-term notes payable 777
Long-term revolving line of credit 2,516
Other liabilities 2,381 900
TOTAL LIABILITIES 75,314 54,202
Commitments and contingencies (Note 15 and Note 16)
Genie Energy Ltd. stockholders' equity:    
Preferred stock, $0.01 par value; authorized shares 10,000: Series 2012-A, designated shares – 8,750; at liquidation preference, consisting of 2,322 shares issued and outstanding at December 31, 2019 and 2018 19,743 19,743
Additional paid-in capital 139,615 136,629
Treasury stock, at cost, consisting of 1,030 and 250 shares of Class B common at December 31, 2019 and 2018, respectively (7,675) (1,624)
Accumulated other comprehensive income 2,519 2,591
Accumulated deficit (59,671) (53,939)
Total Genie Energy Ltd. stockholders' equity 94,805 103,671
Noncontrolling interests:    
Noncontrolling interests (13,875) (11,009)
TOTAL EQUITY 80,930 92,662
TOTAL LIABILITIES AND EQUITY 156,244 146,864
Class A common stock    
Genie Energy Ltd. stockholders' equity:    
Common stock, value 16 16
Noncontrolling interests:    
TOTAL EQUITY 16 16
Class B common stock    
Genie Energy Ltd. stockholders' equity:    
Common stock, value 258 255
Noncontrolling interests:    
TOTAL EQUITY $ 258 $ 255