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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
CURRENT ASSETS    
Cash and cash equivalents $ 819 $ 81
Restricted cash, current 1,000 1,000
Prepaid expenses and other current assets 3,870 2,059
Inventory 41,221 35,662
Total current assets 55,921 44,762
LONG-TERM ASSETS    
Total property and equipment, net 51,317 52,433
Operating lease right-of-use assets, net 326 456
Surety bonds 350 1,255
Deferred tax assets, net 2,904 2,990
Total long-term assets 54,897 57,134
TOTAL ASSETS 110,818 101,896
CURRENT LIABILITIES    
Current portion of lease liabilities 277 264
Income taxes payable 90 18
Asset retirement obligations, current portion 2,999 2,999
Accrued expenses and other current liabilities 6,226 6,689
Total current liabilities 72,703 63,901
LONG-TERM LIABILITIES    
Long-term lease liabilities, net of current 74 191
Total long-term liabilities 4,630 5,032
TOTAL LIABILITIES 77,333 68,933
Commitments and contingencies (Note 14)
STOCKHOLDERS' EQUITY    
Common stock ($0.01 par value, 20,000,000 shares authorized; 14,921,968 shares issued and outstanding at June 30, 2025 and December 31, 2024, respectively) (1) [1] 149 149
Additional paid-in capital 39,758 39,758
Retained deficit (6,422) (6,944)
TOTAL STOCKHOLDERS' EQUITY 33,485 32,963
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY 110,818 101,896
Nonrelated Party [Member]    
CURRENT ASSETS    
Accounts receivable 613 713
CURRENT LIABILITIES    
Long-term debt less unamortized debt issue costs, current portion (in default) 33,209 35,920
Interest payable 204 235
Accounts payable 16,823 11,630
LONG-TERM LIABILITIES    
Long-term debt, net of current portion (in default) 2,418 2,300
Related Party [Member]    
CURRENT ASSETS    
Accounts receivable 8,398 5,247
CURRENT LIABILITIES    
Line of credit, related party 10,200 3,250
Long-term debt, related party, current portion 1,862 1,459
Interest payable 813 1,437
Accounts payable 0 0
LONG-TERM LIABILITIES    
Long-term debt, net of current portion (in default) $ 2,138 $ 2,541
[1] Blue Dolphin has 2,500,000 shares of preferred stock, par value $0.10 per share, authorized. At June 30, 2025 and December 31, 2024, there were no shares of preferred stock issued and outstanding.