Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
Current Assets    
Cash $ 44,403 $ 55,664
Trade receivables, net 31,958 25,301
Inventories 15,619 12,945
Prepaid expenses and other assets 6,643 9,198
Taxes receivable 945 2,788
Total current assets 99,568 105,896
Property, plant and equipment, net 187,567 187,104
Intangible assets, net 11,512 12,893
Lease right-of-use assets, net 8,746 10,528
Mineral properties in the United States 412 412
TOTAL ASSETS 307,805 316,833
Current Liabilities    
Accounts payable 12,686 14,447
Accrued liabilities 11,044 6,857
Current portion of long-term debt 4,194 4,194
Current portion of lease liabilities 3,302 3,195
Current portion of CARES Act, PPP Loans 3,935 0
Current portion of other liabilities 542 891
Total current liabilities 35,703 29,584
CARES Act, PPP Loans, net of current portion 0 6,123
Long-term debt, net of current portion 38,755 41,901
Post-retirement benefit, net of current portion 312 320
Lease liabilities, net of current portion 5,444 7,333
Other liabilities, net of current portion 617 648
Deferred income taxes 26,420 26,517
Total liabilities 107,251 112,426
COMMITMENTS AND CONTINGENCIES
EQUITY    
Common stock - authorized 40 million shares of $0.10 par value; issued 25.0 million and 24.8 million and outstanding 24.4 million and 24.8 million in 2021 and 2020, respectively 2,497 2,483
Additional paid-in capital 62,710 61,311
Treasury stock, at cost (0.6 million shares) (5,000) 0
Retained earnings 140,058 140,324
Total Trecora Resources Stockholders' Equity 200,265 204,118
Non-controlling Interest 289 289
Total equity 200,554 204,407
TOTAL LIABILITIES AND EQUITY $ 307,805 $ 316,833