Quarterly report [Sections 13 or 15(d)]

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited)

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash flows from operating activities:    
Net loss $ (537) $ (11,811)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Stock based compensation 211 219
Depreciation, depletion, amortization and accretion 6,041 7,021
Amortization of debt origination costs 177 372
Change in provision for expected credit losses 1 229
Gains on disposal of assets, net (4,018) (1,166)
Deferred income taxes (34) 609
Other (107) 111
Changes in assets and liabilities:    
Accounts receivable, net 2,710 56,623
Inventories (1,397) (168)
Prepaid expenses and other assets 2,472 3,236
Accounts payable (600) (5,152)
Income taxes payable 786 1,167
Net cash provided by operating activities 2,711 47,349
Cash flows from investing activities:    
Purchases of property, plant and equipment (7,231) (4,151)
Proceeds from disposal of property, plant and equipment 4,238 3,049
Net cash used in investing activities (2,993) (1,102)
Cash flows from financing activities:    
Payments on financing transaction 0 (46,837)
Payments on sale leaseback transactions (3,203) (1,112)
Principal payments on financing leases and equipment financing notes (595) (503)
Debt issuance costs 0 (37)
Net cash used in financing activities (3,798) (48,489)
Effect of foreign exchange rate on cash 5 (35)
Net decrease in cash, cash equivalents and restricted cash (4,075) (2,277)
Cash, cash equivalents and restricted cash at beginning of period 82,326 24,298
Cash, cash equivalents and restricted cash at end of period 78,251 22,021
Supplemental disclosure of cash flow information:    
Cash paid for interest 433 741
Cash paid for income taxes, net of refunds received 108 8
Supplemental disclosure of non-cash transactions:    
Purchases of property, plant and equipment included in accounts payable and accrued expenses 2,249 2,500
Nonrelated Party    
Changes in assets and liabilities:    
Accrued expenses and other liabilities (2,994) (5,441)
Related Parties    
Changes in assets and liabilities:    
Accrued expenses and other liabilities 0 1,500
Supplemental disclosure of non-cash transactions:    
Interest paid in kind - related parties $ 0 $ 2,741