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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 54,466 $ 56,664
Restricted cash 1,005 1,004
Accounts receivable, net of allowance for doubtful accounts of $5,935 at March 31, 2020 and $4,797 at December 31, 2019 79,801 113,635
Accounts receivable—affiliates 2,937 2,032
Inventory 264 2,954
Fair value of derivative assets 15 464
Customer acquisition costs, net 6,759 8,649
Customer relationships, net 12,676 13,607
Deposits 6,327 6,806
Renewable energy credit asset 32,504 24,204
Other current assets 10,161 6,109
Total current assets 206,915 236,128
Property and equipment, net 3,297 3,267
Fair value of derivative assets 0 106
Customer acquisition costs, net 9,072 9,845
Customer relationships, net 14,748 17,767
Deferred tax assets 30,333 29,865
Goodwill 120,343 120,343
Other assets 4,924 5,647
Total assets 389,632 422,968
Current liabilities:    
Accounts payable 34,654 48,245
Accounts payable—affiliates 934 1,009
Accrued liabilities 35,891 37,941
Renewable energy credit liability 37,918 33,120
Fair value of derivative liabilities 26,450 19,943
Other current liabilities 1,741 1,697
Total current liabilities 137,588 141,955
Long-term liabilities:    
Fair value of derivative liabilities 1,832 495
Long-term portion of Senior Credit Facility 95,000 123,000
Other long-term liabilities 197 217
Total liabilities 234,617 265,667
Commitments and contingencies (Note 12)
Series A Preferred Stock, par value $0.01 per share, 20,000,000 shares authorized, 3,707,256 shares issued and 3,607,571 shares outstanding at March 31, 2020 and 3,707,256 shares issued and 3,677,318 shares outstanding at December 31, 2019 88,282 90,015
Stockholders' equity:    
Additional paid-in capital 52,710 51,842
Accumulated other comprehensive (loss) income (40) (40)
Retained earnings 814 1,074
Treasury stock, at cost, 99,446 shares at March 31, 2020 and December 31, 2019 (2,011) (2,011)
Total stockholders' equity 51,827 51,219
Non-controlling interest in Spark HoldCo, LLC 14,906 16,067
Total equity 66,733 67,286
Total liabilities, Series A Preferred Stock and Stockholders' equity 389,632 422,968
Class A common stock, par value $0.01 per share, 120,000,000 shares authorized, 14,494,981 shares issued and 14,395,535 shares outstanding at March 31, 2020 and 14,478,999 shares issued and 14,379,553 shares outstanding at December 31, 2019    
Stockholders' equity:    
Common Stock 145 145
Class B common stock, par value $0.01 per share, 60,000,000 shares authorized, 20,800,000 shares issued and outstanding at March 31, 2020 and 20,800,000 shares issued and outstanding at December 31, 2019    
Stockholders' equity:    
Common Stock $ 209 $ 209