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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Dec. 31, 2023
OPERATING ACTIVITIES      
Net income $ 6,624 $ 16,753  
Adjustments to reconcile net income to net cash used in operating activities:      
Depreciation and amortization 704 698  
Accretion of asset retirement obligations 0 35 $ 59
Deferred income tax 1,545 0  
Amortization of debt issue costs 50 51  
Deferred revenues and expenses 0 (102)  
Changes in operating assets and liabilities      
Accounts receivable 12 424  
Accounts receivable, related party (7,538) (11,555)  
Prepaid expenses and other current assets 469 (2,410)  
Inventory (4,081) 11,204  
Asset retirement obligations (1,505) 0  
Accounts payable, accrued expenses and other liabilities (1,646) (1,415)  
Accounts payable, related party (884) 100  
Net cash provided by (used in) operating activities (6,250) 13,783  
FINANCING ACTIVITIES      
Payments on debt principal (345) (560)  
Net activity on related-party debt 0 (1,211)  
Net cash used in financing activities (345) (1,771)  
Net change in cash, cash equivalents, and restricted cash (6,595) 12,012  
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH AT BEGINNING OF PERIOD 18,718 1,521 1,521
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH AT END OF PERIOD 12,123 13,533 $ 18,718
Supplemental Information:      
Interest paid $ 2,674 $ 678