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, 2019
Dec. 31, 2018
Current Assets    
Cash $ 9,157 $ 6,735
Trade receivables, net 25,497 27,112
Inventories 13,285 16,539
Investment in AMAK (held-for-sale) 34,090 38,746
Prepaid expenses and other assets 3,726 4,664
Taxes receivable 182 182
Total current assets 85,937 93,978
Plant, pipeline and equipment, net 190,345 194,657
Goodwill 21,798 21,798
Intangible assets, net 17,551 18,947
Lease right-of-use assets, net 14,364 0
Mineral properties in the United States 562 588
TOTAL ASSETS 330,557 329,968
Current Liabilities    
Accounts payable 10,203 19,106
Accrued liabilities 7,270 5,439
Current portion of long-term debt 4,194 4,194
Current portion of lease liabilities 3,247 0
Current portion of other liabilities 1,011 752
Total current liabilities 25,925 29,491
Long-term debt, net of current portion 85,143 98,288
Lease liabilities, net of current portion 11,117 0
Other liabilities, net of current portion 906 1,352
Deferred income taxes 16,646 15,676
Total liabilities 139,737 144,807
EQUITY    
Common stock‑authorized 40 million shares of $0.10 par value; issued and outstanding 24.7 million and 24.6 million in 2019 and 2018, respectively 2,472 2,463
Additional paid-in capital 59,202 58,294
Common stock in treasury, at cost (2) (8)
Retained earnings 128,859 124,123
Total Trecora Resources Stockholders' Equity 190,531 184,872
Noncontrolling Interest 289 289
Total equity 190,820 185,161
TOTAL LIABILITIES AND EQUITY $ 330,557 $ 329,968