|
Delaware
|
| |
3629
|
| |
86-1384045
|
|
|
(州或其他司法管辖区
公司或组织) |
| |
(主要标准行业
分类代码号) |
| |
(I.R.S. Employer
Identification No.) |
|
|
Garett Sleichter, Esq.
Rutan & Tucker, LLP 18575 Jamboree Road Suite 900 Irvine, CA 92612 Phone (714) 641-5100 Fax (714) 546-9035 |
| |
Michael A. Hedge, Esq.
K&L Gates LLP 1 Park Plaza Twelfth Floor Irvine, CA 92614 Phone (949) 253-0900 Fax (949) 253-0902 |
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| 大型加速文件服务器☐ | | |
Accelerated filer ☐
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Non-accelerated filer
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较小的报告公司
新兴成长型公司 |
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拟注册的各类证券名称
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Proposed Maximum
Aggregate Offering Price(1)(2) |
| | |
Amount of
Registration Fee(3) |
| ||||||
Common Stock, par value $0.0001 per share | | | | | $ | 25,555,550 | | | | | | $ | 2,369.00 | | |
认股权证购买普通股,每股票面价值0.0001美元(4) | | | | | | | | | | | | | | | |
认股权证行使后可发行普通股 | | | | | $ | 28,111,050 | | | | | | $ | 2,605.89 | | |
Underwriter’s warrant(5) | | | | | | | | | | | | | | | |
行使承销商认股权证后可发行普通股(5) | | | | | $ | 4,600,000 | | | | | | $ | 426.42 | | |
Total | | | | | $ | 58,266,600 | | | | | | $ | 5,401.31 | | |
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Page
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Prospectus Summary
|
| | | | 1 | | |
The Offering
|
| | | | 8 | | |
汇总历史合并财务数据
|
| | | | 10 | | |
Risk Factors
|
| | | | 13 | | |
有关前瞻性陈述的特别说明
|
| | | | 35 | | |
Use of Proceeds
|
| | | | 37 | | |
Dividend Policy
|
| | | | 38 | | |
Capitalization
|
| | | | 39 | | |
Dilution
|
| | | | 40 | | |
管理层对财务状况和经营成果的讨论和分析
|
| | | | 42 | | |
Business
|
| | | | 60 | | |
Management
|
| | | | 69 | | |
Executive Compensation
|
| | | | 73 | | |
某些关系和关联方交易
|
| | | | 78 | | |
Principal Stockholders
|
| | | | 81 | | |
股本说明
|
| | | | 83 | | |
有资格未来出售的股票
|
| | | | 87 | | |
美国联邦所得税给我们证券的非美国持有者带来的重大后果
|
| | | | 89 | | |
Underwriting
|
| | | | 94 | | |
Legal Matters
|
| | | | 99 | | |
Experts
|
| | | | 99 | | |
在哪里可以找到更多信息
|
| | | | 99 | | |
财务报表索引
|
| | | | F-1 | | |
| | |
Years Ended
December 31, |
| |
Nine Months
Ended September 30, |
| ||||||||||||||||||
(in thousands)
|
| |
2020
|
| |
2019
|
| |
2021
|
| |
2020
|
| ||||||||||||
营业报表和综合亏损数据: | | | | | | | | | | | | | | | | | | | | | | | | | |
Revenue | | | | | | | | | | | | | | | | | | | | | | | | | |
Turbine leasing fleet
|
| | | $ | 17,838 | | | | | $ | 16,833 | | | | | $ | 11,144 | | | | | $ | 14,304 | | |
Turbine service on sold product
|
| | | | 2,213 | | | | | | 2,824 | | | | | | 3,431 | | | | | | 1,617 | | |
Manufactured product
|
| | | | 3,276 | | | | | | 5,716 | | | | | | 3,712 | | | | | | 3,276 | | |
Total revenue
|
| | | $ | 23,327 | | | | | $ | 25,373 | | | | | $ | 18,287 | | | | | $ | 19,197 | | |
Cost of revenue | | | | | | | | | | | | | | | | | | | | | | | | | |
汽轮机租赁船队(不含船队汽轮机折旧)
|
| | | $ | 4,884 | | | | | $ | 5,442 | | | | | $ | 4,279 | | | | | $ | 3,714 | | |
Turbine service on sold product
|
| | | | 1,691 | | | | | | 2,797 | | | | | | 2,254 | | | | | | 1,292 | | |
Manufactured product
|
| | | | 5,789 | | | | | | 9,531 | | | | | | 5,651 | | | | | | 5,419 | | |
船队涡轮机折旧
|
| | | | 5,007 | | | | | | 4,713 | | | | | | 3,357 | | | | | | 4,003 | | |
Total cost of revenue
|
| | | $ | 17,371 | | | | | $ | 22,483 | | | | | $ | 15,541 | | | | | $ | 14,428 | | |
Operating expenses | | | | | | | | | | | | | | | | | | | | | | | | | |
销售、一般和行政
|
| | | $ | 11,826 | | | | | $ | 12,400 | | | | | $ | 10,318 | | | | | $ | 8,596 | | |
Research and development
|
| | | | 120 | | | | | | 237 | | | | | | 98 | | | | | | 126 | | |
Total operating expenses
|
| | | $ | 11,946 | | | | | $ | 12,637 | | | | | $ | 10,416 | | | | | $ | 8,722 | | |
Operating loss
|
| | | $ | (5,990) | | | | | $ | (9,747) | | | | | $ | (7,670) | | | | | $ | (3,953) | | |
Other income (expense) | | | | | | | | | | | | | | | | | | | | | | | | | |
Interest expense
|
| | | $ | (1,114) | | | | | $ | (992) | | | | | $ | (792) | | | | | $ | (876) | | |
Other income (expense), net
|
| | | | 31 | | | | | | (159) | | | | | | 2,562 | | | | | | (10) | | |
Total other income (expense), net
|
| | | $ | (1,083) | | | | | $ | (1,151) | | | | | $ | 1,770 | | | | | $ | (886) | | |
Loss before income taxes
|
| | | $ | (7,073) | | | | | $ | (10,898) | | | | | $ | (5,900) | | | | | $ | (4,839) | | |
Income tax expense
|
| | | | (31) | | | | | | (7) | | | | | | (308) | | | | | | (5) | | |
Net loss
|
| | | $ | (7,104) | | | | | $ | (10,905) | | | | | $ | (6,208) | | | | | $ | (4,844) | | |
其他综合损益,税后净额 | | | | | | | | | | | | | | | | | | | | | | | | | |
外币折算调整
|
| | | $ | 443 | | | | | $ | 185 | | | | | $ | (66) | | | | | $ | (17) | | |
其他综合损益合计,税后净额
|
| | | $ | 443 | | | | | $ | 185 | | | | | $ | (66) | | | | | $ | (17) | | |
Comprehensive loss
|
| | | $ | (6,661) | | | | | $ | (10,720) | | | | | $ | (6,274) | | | | | $ | (4,861) | | |
EBITDA
|
| | | $ | 1,114 | | | | | $ | (3,712) | | | | | $ | 371 | | | | | $ | 1,207 | | |
Adjusted EBITDA
|
| | | $ | 1,209 | | | | | $ | (3,457) | | | | | $ | (1,653) | | | | | $ | 1,260 | | |
| | |
As of September 30, 2021
|
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(in thousands)
|
| |
Actual
|
| |
As Adjusted(1)
|
| ||||||
Balance Sheet Data | | | | | | | | | | | | | |
Cash
|
| | | $ | 1,474 | | | | | $ | 16,349 | | |
Working capital(2)
|
| | | $ | 11,935 | | | | | $ | 26,810 | | |
Total assets
|
| | | $ | 50,970 | | | | | $ | 65,845 | | |
Line of credit
|
| | | $ | 22,917 | | | | | $ | 22,917 | | |
Total liabilities
|
| | | $ | 29,172 | | | | | $ | 29,172 | | |
Total stockholder’s equity
|
| | | $ | 21,798 | | | | | $ | 36,673 | | |
| | |
Year Ended
December 31, |
| |
截至9个月
九月三十日 |
| ||||||||||||||||||
(in thousands)
|
| |
2020
|
| |
2019
|
| |
2021
|
| |
2020
|
| ||||||||||||
Net Loss
|
| | | $ | (7,104) | | | | | $ | (10,905) | | | | | $ | (6,208) (4,844) | | | | | $ | | | |
折旧摊销
|
| | | | 7,073 | | | | | | 6,194 | | | | | | 5,479 | | | | | | 5,170 | | |
Interest expense, net
|
| | | | 1,114 | | | | | | 992 | | | | | | 792 | | | | | | 876 | | |
Provision for income taxes
|
| | | | 31 | | | | | | 7 | | | | | | 308 | | | | | | 5 | | |
EBITDA
|
| | | $ | 1,114 | | | | | $ | (3,712) | | | | | $ | 371 | | | | | $ | 1,207 | | |
一次性非运营设施搬迁费用(1)
|
| | | | 25 | | | | | | 185 | | | | | | 301 | | | | | | — | | |
PPP loan forgiveness
|
| | | | — | | | | | | — | | | | | | (2,378) | | | | | | — | | |
Equity-based compensation
|
| | | | 70 | | | | | | 70 | | | | | | 53 | | | | | | 53 | | |
Adjusted EBITDA
|
| | | $ | 1,209 | | | | | $ | (3,457) | | | | | $ | (1,653) | | | | | $ | 1,260 | | |
| | |
As of September 30, 2021
|
| |||||||||
| | |
Actual
|
| |
As Adjusted
|
| ||||||
| | |
(in thousands)
|
| |||||||||
Cash
|
| | | $ | 1,474 | | | | | $ | 16,349 | | |
Line of credit
|
| | | | 22,917 | | | | | | 22,917 | | |
应付票据,扣除当期部分
|
| | | | — | | | | | | — | | |
资本租赁,扣除当期部分
|
| | | | 92 | | | | | | 92 | | |
优先股,每股票面价值0.0001美元;实际无授权、发行和流通股;经调整后授权500万股,无发行或流通股
|
| | | | — | | | | | | — | | |
普通股,每股面值0.0001美元,授权发行100,000,000股,实际发行流通股为0股;经调整后,授权发行100,000,000股,发行流通股11,910,100股
|
| | | | — | | | | | | 1 | | |
Net parent investment
|
| | | | 159,677 | | | | | | 159,677 | | |
Additional paid-in capital
|
| | | | — | | | | | | 14,874 | | |
Accumulated deficit
|
| | | | (138,356) | | | | | | (138,356) | | |
累计其他综合收益
|
| | | | 477 | | | | | | 477 | | |
Total stockholder’s equity
|
| | | $ | 21,798 | | | | | $ | 36,673 | | |
Total capitalization
|
| | | $ | 44,807 | | | | | $ | 59,682 | | |
|
假设每股首次公开募股价格
|
| | | | | | | | | $ | 9.00 | | |
|
截至2021年9月30日的每股有形账面净值
|
| | | $ | 0.00 | | | | |||||
|
截至2021年9月30日每股有形账面净值预计增长
|
| | | $ | 2.23 | | | | |||||
|
截至2021年9月30日的预计每股有形账面净值
|
| | | $ | 2.23 | | | | |||||
|
可归因于投资者在此次发行中购买单位的预计每股有形账面净值增加
|
| | | $ | 0.83 | | | | |||||
|
本次发行后调整后每股有形账面净值的预计值
|
| | | $ | 3.06 | | | | |||||
|
本次发行对投资者每股摊薄
|
| | | | | | | | | $ | 5.94 | | |
| | |
Shares Purchased
|
| |
Total Consideration
|
| |
Average Price
Per Share |
| |||||||||||||||||||||
| | |
Number
|
| |
Percent
|
| |
Amount
|
| |
Percent
|
| ||||||||||||||||||
Existing stockholders
|
| | | | 9,687,878 | | | | | | 81.3% | | | | | $ | 126,500,000 | | | | | | 86.3% | | | | | $ | 13.06 | | |
New investors
|
| | | | 2,222,222 | | | | | | 18.7% | | | | | $ | 20,000,000 | | | | | | 13.7% | | | | | $ | 9.00 | | |
Total
|
| | | | 11,910,100 | | | | | | 100% | | | | | $ | 146,500,000 | | | | | | 100% | | | | | $ | 12.30 | | |
| | |
Years Ended
December 31, |
| |||||||||
(in thousands)
|
| |
2020
|
| |
2019
|
| ||||||
| | |
(FEI and FLPS)
|
| |||||||||
营业报表和综合亏损数据: | | | | | | | | | | | | | |
Revenue | | | | | | | | | | | | | |
Turbine leasing fleet
|
| | | $ | 17,838 | | | | | $ | 16,833 | | |
销售产品的涡轮服务
|
| | | | 2,213 | | | | | | 2,824 | | |
Manufactured product
|
| | | | 3,276 | | | | | | 5,716 | | |
Total revenue
|
| | | $ | 23,327 | | | | | $ | 25,373 | | |
Cost of revenue | | | | | | | | | | | | | |
汽轮机租赁船队(不含船队汽轮机折旧)
|
| | | $ | 4,884 | | | | | $ | 5,442 | | |
销售产品的涡轮服务
|
| | | | 1,691 | | | | | | 2,797 | | |
Manufactured product
|
| | | | 5,789 | | | | | | 9,531 | | |
船队涡轮机折旧
|
| | | | 5,007 | | | | | | 4,713 | | |
Total cost of revenue
|
| | | $ | 17,371 | | | | | $ | 22,483 | | |
运营费用 | | | | | | | | | | | | | |
销售、一般和行政
|
| | | $ | 11,826 | | | | | $ | 12,400 | | |
研发
|
| | | | 120 | | | | | | 237 | | |
总运营费用
|
| | | $ | 11,946 | | | | | $ | 12,637 | | |
Operating loss
|
| | | $ | (5,990) | | | | | $ | (9,747) | | |
Other income (expense) | | | | | | | | | | | | | |
Interest expense
|
| | | $ | (1,114) | | | | | $ | (992) | | |
Other (expense) income, net
|
| | | | 31 | | | | | | (159) | | |
其他收入(费用)合计,净额
|
| | | $ | (1,083) | | | | | $ | (1,151) | | |
Loss before income taxes
|
| | | $ | (7,073) | | | | | $ | (10,898) | | |
Income tax provision
|
| | | | (31) | | | | | | (7) | | |
Net loss
|
| | | $ | (7,104) | | | | | $ | (10,905) | | |
其他综合收益,税后净额 | | | | | | | | | | | | | |
外币折算调整
|
| | | $ | 443 | | | | | $ | 185 | | |
其他综合收益合计,税后净额
|
| | | $ | 443 | | | | | $ | 185 | | |
Comprehensive loss
|
| | | $ | (6,661) | | | | | $ | (10,720) | | |
EBITDA | | | | $ | 1,114 | | | | | $ | (3,712) | | |
Adjusted EBITDA
|
| | | $ | 1,209 | | | | | $ | (3,457) | | |
| | |
Nine Months Ended
September 30, |
| |||||||||
(in thousands)
|
| |
2021
|
| |
2020
|
| ||||||
营业报表和综合亏损数据: | | | | ||||||||||
Revenue | | | | | | | | | | | | | |
Turbine leasing fleet
|
| | | $ | 11,144 | | | | | $ | 14,304 | | |
销售产品的涡轮服务
|
| | | | 3,431 | | | | | | 1,617 | | |
Manufactured product
|
| | | | 3,712 | | | | | | 3,276 | | |
Total revenue
|
| | | $ | 18,287 | | | | | $ | 19,197 | | |
Cost of revenue | | | | | | | | | | | | | |
汽轮机租赁船队(不含船队汽轮机折旧)
|
| | | $ | 4,279 | | | | | $ | 3,714 | | |
销售产品的涡轮服务
|
| | | | 2,254 | | | | | | 1,292 | | |
Manufactured product
|
| | | | 5,651 | | | | | | 5,419 | | |
船队涡轮机折旧
|
| | | | 3,357 | | | | | | 4,003 | | |
Total cost of revenue
|
| | | $ | 15,541 | | | | | $ | 14,428 | | |
Operating expenses | | | | | | | | | | | | | |
销售、一般和行政
|
| | | $ | 10,318 | | | | | $ | 8,596 | | |
Research and development
|
| | | | 98 | | | | | | 126 | | |
Total operating expenses
|
| | | $ | 10,416 | | | | | $ | 8,722 | | |
Operating loss
|
| | | $ | (7,670) | | | | | $ | (3,953) | | |
Other income (expense) | | | | | | | | | | | | | |
Interest expense
|
| | | $ | (792) | | | | | $ | (876) | | |
Other (expense) income, net
|
| | | | 2,562 | | | | | | (10) | | |
Total other income (expense), net
|
| | | $ | 1,770 | | | | | $ | (886) | | |
Loss before income taxes
|
| | | $ | (5,900) | | | | | $ | (4,839) | | |
Income tax provision
|
| | | | (308) | | | | | | (5) | | |
Net loss
|
| | | $ | (6,208) | | | | | $ | (4,844) | | |
其他综合损益,税后净额 | | | | | | | | | | | | | |
外币折算调整
|
| | | $ | (66) | | | | | $ | (17) | | |
其他综合损益合计,税后净额
|
| | | $ | (66) | | | | | $ | (17) | | |
Comprehensive loss
|
| | | $ | (6,274) | | | | | $ | (4,861) | | |
EBITDA
|
| | | $ | 371 | | | | | $ | 1,207 | | |
Adjusted EBITDA .
|
| | | $ | (1,653) | | | | | $ | 1,260 | | |
| | |
Year Ended
December 31, |
| |
截至9个月
9月30日, |
| ||||||||||||||||||
(in thousands)
|
| |
2020
|
| |
2019
|
| |
2021
|
| |
2020
|
| ||||||||||||
Net Loss
|
| | | $ | (7,104) | | | | | $ | (10,905) | | | | | $ | (6,208) | | | | | $ | (4,844) | | |
折旧摊销
|
| | | | 7,073 | | | | | | 6,194 | | | | | | 5,479 | | | | | | 5,170 | | |
Interest expense, net
|
| | | | 1,114 | | | | | | 992 | | | | | | 792 | | | | | | 876 | | |
Income tax provision
|
| | | | 31 | | | | | | 7 | | | | | | 308 | | | | | | 5 | | |
EBITDA
|
| | | $ | 1,114 | | | | | $ | (3,712) | | | | | $ | 371 | | | | | $ | 1,207 | | |
一次性设施搬迁费用(1)
|
| | | | 25 | | | | | | 185 | | | | | | 301 | | | | | | — | | |
Equity-based compensation
|
| | | | 70 | | | | | | 70 | | | | | | 53 | | | | | | 53 | | |
PPP loan forgiveness
|
| | | | 0 | | | | | | 0 | | | | | | (2,378) | | | | | | — | | |
Adjusted EBITDA
|
| | | $ | 1,209 | | | | | $ | (3,457) | | | | | $ | (1,653) | | | | | $ | 1,260 | | |
(in thousands)
|
| |
Three Months Ended
|
| |||||||||||||||||||||||||||||||||||||||
|
March 31,
2020 |
| |
June 30,
2020 |
| |
September 30,
2020 |
| |
December 31,
2020 |
| |
March 31,
2021 |
| |
June 30,
2021 |
| |
September 30,
2021 |
| |||||||||||||||||||||||
Revenue | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
汽轮机租赁车队
|
| | | $ | 5,364 | | | | | $ | 4,661 | | | | | $ | 4,279 | | | | | $ | 3,534 | | | | | $ | 3,493 | | | | | $ | 3,779 | | | | | $ | 3,872 | | |
售出产品的涡轮服务
|
| | | | 589 | | | | | | 531 | | | | | | 497 | | | | | | 596 | | | | | | 1,052 | | | | | | 549 | | | | | | 1,830 | | |
制成品
|
| | | | 1,634 | | | | | | 24 | | | | | | 1,618 | | | | | | — | | | | | | 73 | | | | | | 1,203 | | | | | | 2,436 | | |
Total revenue
|
| | | | 7,587 | | | | | | 5,216 | | | | | | 6,394 | | | | | | 4,130 | | | | | | 4,618 | | | | | | 5,531 | | | | | | 8,138 | | |
Cost of revenue | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
汽轮机租赁船队(不含船队汽轮机折旧)
|
| | | | 1,412 | | | | | | 1,150 | | | | | | 1,152 | | | | | | 1,170 | | | | | | 1,478 | | | | | | 1,489 | | | | | | 1,312 | | |
售出产品的涡轮服务
|
| | | | 486 | | | | | | 475 | | | | | | 331 | | | | | | 399 | | | | | | 787 | | | | | | 320 | | | | | | 1,147 | | |
制成品
|
| | | | 2,394 | | | | | | 1,064 | | | | | | 1,961 | | | | | | 370 | | | | | | 889 | | | | | | 1,641 | | | | | | 3,121 | | |
船队涡轮机折旧
|
| | | | 1,386 | | | | | | 1,380 | | | | | | 1,237 | | | | | | 1,004 | | | | | | 1,057 | | | | | | 1,110 | | | | | | 1,190 | | |
收入总成本
|
| | | | 5,678 | | | | | | 4,069 | | | | | | 4,681 | | | | | | 2,943 | | | | | | 4,211 | | | | | | 4,560 | | | | | | 6,770 | | |
Gross profit
|
| | | | 1,909 | | | | | | 1,147 | | | | | | 1,713 | | | | | | 1,187 | | | | | | 407 | | | | | | 971 | | | | | | 1,368 | | |
总运营费用
|
| | | | 3,268 | | | | | | 2,764 | | | | | | 2,690 | | | | | | 3,224 | | | | | | 3,606* | | | | | | 3,648* | | | | | | 3,162 | | |
Operating loss
|
| | | | (1,359) | | | | | | (1,617) | | | | | | (977) | | | | | | (2,037) | | | | | | (3,199) | | | | | | (2,677) | | | | | | (1,794) | | |
利息费用
|
| | | | (338) | | | | | | (327) | | | | | | (211) | | | | | | (238) | | | | | | (269) | | | | | | (270) | | | | | | (253) | | |
其他(费用)收入,净额
|
| | | | (27) | | | | | | 78 | | | | | | (61) | | | | | | 41 | | | | | | 68 | | | | | | 2,465 | | | | | | 29 | | |
所得税前亏损
|
| | | | (1,724) | | | | | | (1,866) | | | | | | (1,249) | | | | | | (2,234) | | | | | | (3,400) | | | | | | (482) | | | | | | (2,018) | | |
所得税拨备
|
| | | | (2) | | | | | | (2) | | | | | | (1) | | | | | | (26) | | | | | | (60) | | | | | | (118) | | | | | | (130) | | |
Net loss
|
| | | $ | (1,726) | | | | | $ | (1,868) | | | | | $ | (1,250) | | | | | $ | (2,260) | | | | | $ | (3,460) | | | | | $ | (600) | | | | | $ | (2,148) | | |
| | |
Year Ended
December 31, |
| |
Nine Months
Ended September 30, |
| ||||||||||||||||||
(in thousands)
|
| |
2020
|
| |
2019
|
| |
2021
|
| |
2020
|
| ||||||||||||
经营活动提供(使用)的净现金
|
| | | $ | (6,275) | | | | | $ | (14,848) | | | | | $ | 814 | | | | | $ | (4,548) | | |
净现金(用于)投资活动
|
| | | | (1,077) | | | | | | (3,231) | | | | | | (667) | | | | | | (564) | | |
融资活动提供(使用)的净现金
|
| | | | 6,889 | | | | | | 18,823 | | | | | | (265) | | | | | | 7,342 | | |
外币折算调整
|
| | | | 165 | | | | | | 81 | | | | | | (110) | | | | | | 30 | | |
Net increase (decrease) in cash
|
| | | $ | (298) | | | | | $ | 825 | | | | | $ | (228) | | | | | $ | 2,260 | | |
Name
|
| |
Age
|
| |
Position(s)
|
|
Executive Officers | | | | | | | |
Mark Schnepel | | | 46 | | | 首席执行官 | |
Wes Kimmel | | | 38 | | | 首席财务官 | |
Doug Baltzer | | | 52 | | |
Chief Commercial Officer
|
|
非员工董事 | | | | | | | |
Thomas Denison | | | 61 | | | Director | |
Patrick Connelly | | | 46 | | | Director | |
George Walker | | | 64 | | | Director | |
姓名和主要职务
|
| |
Fiscal
Year |
| |
Salary(1)
($) |
| |
Bonus(2)
($) |
| |
Equity
Awards ($) |
| |
Non-Equity
Incentive Plan Compensation ($) |
| |
All Other
Compensation ($) |
| |
Total ($)
|
| |||||||||||||||||||||
Mark Schnepel
Chief Executive Officer |
| | | | 2021 | | | | | | 270,000 | | | | | | 26,583 | | | | | | — | | | | | | — | | | | | | — | | | | | | 296,583 | | |
| | | 2020 | | | | | | 253,005 | | | | | | 28,417 | | | | | | — | | | | | | — | | | | | | — | | | | | | 281,422 | | | ||
Wes Kimmel
Chief Financial Officer |
| | | | 2021 | | | | | | 270,000 | | | | | | 31,417 | | | | | | — | | | | | | — | | | | | | — | | | | | | 301,417 | | |
| | | 2020 | | | | | | 236,512 | | | | | | 33,583 | | | | | | — | | | | | | — | | | | | | — | | | | | | 270,095 | | | ||
Doug Baltzer
Chief Commercial Officer |
| | | | 2021 | | | | | | 270,000 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 270,000 | | |
| | | 2020 | | | | | | 246,672 | | | | | | 70,000 | | | | | | — | | | | | | — | | | | | | — | | | | | | 316,672 | | |
Name
|
| |
Award Date
|
| |
Plan
|
| |
Cash Award(1)
|
| |||
Mark Schnepel
|
| |
February 6, 2013
|
| |
2013 Plan
|
| | | $ | 108,542 | | |
| | |
October 27, 2016
|
| |
2016 Plan
|
| | | $ | 958,310 | | |
Wes Kimmel
|
| | June 30, 2014 | | |
2013 Plan
|
| | | $ | 35,442 | | |
| | |
October 27, 2016
|
| |
2016 Plan
|
| | | $ | 764,558 | | |
Doug Baltzer
|
| | — | | |
2013 Plan
|
| | | $ | 0 | | |
| | | — | | |
2016 Plan
|
| | | $ | 0 | | |
| | | | | | | | | | | |
发售后受益所有权
|
| | ||||||||||||||||||||||||||||||||
| | |
Beneficial Ownership
Before this Offering |
| |
Number of Shares
Being Offered |
| |
Assuming No
Exercise of the 承销商的 选择权 |
| |
Assuming the
承销商的 选项是 全面行使 |
| | ||||||||||||||||||||||||||||||||
Name of beneficial owner
|
| |
Shares
|
| |
%
|
| |
Shares
|
| |
%
|
| |
Shares
|
| |
%
|
| | ||||||||||||||||||||||||||
5% Stockholder | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
FlexEnergy Power
Solutions, LLC(1) |
| | | | 9,687,878 | | | | | | 100% | | | | | | — | | | | | | 8,923,989(2) | | | | | | 74.9% | | | | | | 8,923,989 | | | | | | 72.9% | | | | ||
董事和指定高管
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Mark Schnepel
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | ||
Wes Kimmel
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | ||
Doug Baltzer
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | ||
George Walker
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | ||
Thomas Denison(3)
|
| | | | — | | | | | | — | | | | | | — | | | | | | 277,778 | | | | | | 2.3% | | | | | | 165,051 | | | | | | 1.4% | | | | ||
Patrick Connelly(4)
|
| | | | — | | | | | | — | | | | | | — | | | | | | 486,111 | | | | | | 4.1% | | | | | | 288,838 | | | | | | 2.5% | | | | ||
All executive officers and
directors together as a group (6 persons)(1) |
| | | | — | | | | | | — | | | | | | — | | | | | | 763,889 | | | | | | 6.4% | | | | | | 453,889 | | | | | | 3.9% | | | |
| | |
Per Unit(1)
|
| |
Total
|
| ||||||||||||||||||
| | |
Without
Over- allotment |
| |
With
Over- allotment |
| |
Without
Over- allotment |
| |
With
Over- allotment |
| ||||||||||||
Public offering price
|
| | | $ | | | | | | $ | | | | | | $ | | | | | | $ | | | |
Underwriting discount
|
| | | $ | | | | | | $ | | | | | | $ | | | | | | $ | | | |
| FlexEnergy Green Solutions,Inc.资产负债表 | | | | | | | |
|
独立注册会计师事务所报告
|
| | | | F-2 | | |
|
Balance Sheets
|
| | | | F-3 | | |
|
Notes to Balance Sheets
|
| | | | F-4 | | |
| | | | | | | | |
|
FlexEnergy,Inc.和Flex Leaging Power&Services,LLC合并财务报表
|
| | | | | | |
|
独立注册会计师事务所报告
|
| | | | F-5 | | |
|
合并合并资产负债表
|
| | | | F-6 | | |
|
合并经营报表和全面亏损
|
| | | | F-7 | | |
|
股东权益合并报表
|
| | | | F-8 | | |
|
现金流量合并报表
|
| | | | F-9 | | |
|
合并财务报表附注
|
| | | | F-10 | | |
|
FlexEnergy,Inc.和Flex Leating Power精简合并财务报表
& Services, LLC |
| | | | | | |
|
精简合并合并资产负债表(未经审计)
|
| | | | F-27 | | |
|
精简合并经营和全面亏损报表(未经审计)
|
| | | | F-28 | | |
|
股东权益精简合并合并报表(未经审计)
|
| | | | F-29 | | |
|
现金流量压缩合并合并报表(未经审计)
|
| | | | F-30 | | |
|
精简合并财务报表附注(未经审计)
|
| | | | F-31 | | |
| | |
September 30,
2021 |
| |
December 31,
2020 |
| ||||||
| | |
(unaudited)
|
| | | | | | | |||
ASSETS | | | | | | | | | | | | | |
CURRENT ASSETS | | | | | | | | | | | | | |
Cash
|
| | | $ | 0 | | | | | $ | 0 | | |
TOTAL CURRENT ASSETS
|
| | | | 0 | | | | | | 0 | | |
TOTAL ASSETS
|
| | | $ | 0 | | | | | $ | 0 | | |
负债和股东权益 | | | | | | | | | | | | | |
TOTAL LIABILITIES
|
| | | $ | 0 | | | | | $ | 0 | | |
STOCKHOLDER’S EQUITY | | | | | | | | | | | | | |
Retained earnings
|
| | | $ | 0 | | | | | $ | 0 | | |
TOTAL STOCKHOLDER’S EQUITY
|
| | | | 0 | | | | | | 0 | | |
总负债和股东权益
|
| | | $ | 0 | | | | | $ | 0 | | |
| | |
December 31,
2020 |
| |
December 31,
2019 |
| ||||||
Assets | | | | | | | | | | | | | |
Current assets | | | | | | | | | | | | | |
Cash
|
| | | $ | 1,702 | | | | | $ | 2,000 | | |
应收账款,分别扣除45美元和60美元的备用金
|
| | | | 2,416 | | | | | | 2,940 | | |
Inventories, net
|
| | | | 13,659 | | | | | | 13,571 | | |
预付费用和其他流动资产
|
| | | | 497 | | | | | | 475 | | |
Total current assets
|
| | | | 18,274 | | | | | | 18,986 | | |
Long-term assets | | | | | | | | | | | | | |
财产和设备,净额
|
| | | | 36,506 | | | | | | 37,105 | | |
递延融资成本,扣除摊销后的净额
|
| | | | 630 | | | | | | 792 | | |
Other non-current assets
|
| | | | 166 | | | | | | 98 | | |
Intangible assets, net
|
| | | | 336 | | | | | | 504 | | |
Total long-term assets
|
| | | $ | 37,638 | | | | | $ | 38,499 | | |
Total assets
|
| | | $ | 55,912 | | | | | $ | 57,485 | | |
负债和股东权益 | | | | | | | | | | | | | |
流动负债 | | | | | | | | | | | | | |
Accounts payable
|
| | | $ | 1,328 | | | | | $ | 2,775 | | |
Accrued expenses
|
| | | | 2,003 | | | | | | 2,336 | | |
Deferred revenues
|
| | | | 1,849 | | | | | | 1,794 | | |
应付票据当期部分
|
| | | | 1,300 | | | | | | — | | |
资本租赁债务的当期部分
|
| | | | 148 | | | | | | 174 | | |
其他流动负债
|
| | | | 214 | | | | | | 403 | | |
流动负债总额
|
| | | | 6,842 | | | | | | 7,482 | | |
长期负债 | | | | | | | | | | | | | |
资本租赁,扣除当期部分
|
| | | | 173 | | | | | | 301 | | |
Line of credit
|
| | | | 26,658 | | | | | | 22,274 | | |
应付票据,扣除当期部分
|
| | | | 1,052 | | | | | | — | | |
其他非流动负债
|
| | | | 492 | | | | | | 422 | | |
长期负债总额
|
| | | $ | 28,375 | | | | | $ | 22,997 | | |
Total liabilities
|
| | | $ | 35,217 | | | | | $ | 30,479 | | |
承付款和或有事项(见附注13) | | | | | | | | | | | | | |
Stockholder’s equity | | | | | | | | | | | | | |
Net parent investment
|
| | | $ | 152,273 | | | | | $ | 151,473 | | |
累计其他综合收益
|
| | | | 543 | | | | | | 100 | | |
Accumulated deficit
|
| | | | (132,121) | | | | | | (124,567) | | |
总股东权益
|
| | | $ | 20,695 | | | | | $ | 27,006 | | |
总负债和股东权益
|
| | | $ | 55,912 | | | | | $ | 57,485 | | |
| | |
Year Ended
December 31, |
| |||||||||
| | |
2020
|
| |
2019
|
| ||||||
Revenue | | | | | | | | | | | | | |
Turbine leasing fleet
|
| | | $ | 17,838 | | | | | $ | 16,833 | | |
销售产品的涡轮服务
|
| | | | 2,213 | | | | | | 2,824 | | |
Manufactured product
|
| | | | 3,276 | | | | | | 5,716 | | |
Total revenue
|
| | | | 23,327 | | | | | | 25,373 | | |
Cost of revenue | | | | | | | | | | | | | |
汽轮机租赁船队(不含船队汽轮机折旧)
|
| | | | 4,884 | | | | | | 5,442 | | |
销售产品的涡轮服务
|
| | | | 1,691 | | | | | | 2,797 | | |
Manufactured product
|
| | | | 5,789 | | | | | | 9,531 | | |
船队涡轮机折旧
|
| | | | 5,007 | | | | | | 4,713 | | |
Total cost of revenue
|
| | | | 17,371 | | | | | | 22,483 | | |
Operating expenses | | | | | | | | | | | | | |
销售、一般和行政
|
| | | | 11,826 | | | | | | 12,400 | | |
研发
|
| | | | 120 | | | | | | 237 | | |
总运营费用
|
| | | | 11,946 | | | | | | 12,637 | | |
Operating loss
|
| | | | (5,990) | | | | | | (9,747) | | |
Other income (expense) | | | | | | | | | | | | | |
Interest expense
|
| | | | (1,114) | | | | | | (992) | | |
Other income (expense), net
|
| | | | 31 | | | | | | (159) | | |
其他收入(费用)合计,净额
|
| | | | (1,083) | | | | | | (1,151) | | |
Loss before income taxes
|
| | | | (7,073) | | | | | | (10,898) | | |
Income tax expense
|
| | | | (31) | | | | | | (7) | | |
Net loss
|
| | | $ | (7,104) | | | | | $ | (10,905) | | |
其他综合亏损 | | | | | | | | | | | | | |
外币折算调整
|
| | | | 443 | | | | | | 185 | | |
其他综合损失合计
|
| | | | 443 | | | | | | 185 | | |
Comprehensive loss
|
| | | $ | (6,661) | | | | | $ | (10,720) | | |
| | |
Net Parent
Investment |
| |
Accumulated
Other Comprehensive Income (Loss) |
| |
Accumulated
Deficit |
| |
Total
Stockholder’s Equity |
| ||||||||||||
Balance at January 1, 2019
|
| | | $ | 143,673 | | | | | $ | (85) | | | | | $ | (103,662) | | | | | $ | 39,926 | | |
Contributions
|
| | | | 7,800 | | | | | | — | | | | | | — | | | | | | 7,800 | | |
Distributions
|
| | | | — | | | | | | — | | | | | | (10,000) | | | | | | (10,000) | | |
外币折算调整
|
| | | | — | | | | | | 185 | | | | | | — | | | | | | 185 | | |
Net loss
|
| | | | — | | | | | | — | | | | | | (10,905) | | | | | | (10,905) | | |
Balance at December 31, 2019
|
| | | $ | 151,473 | | | | | $ | 100 | | | | | $ | (124,567) | | | | | $ | 27,006 | | |
Contributions
|
| | | | 800 | | | | | | — | | | | | | — | | | | | | 800 | | |
Distributions
|
| | | | — | | | | | | — | | | | | | (450) | | | | | | (450) | | |
外币折算调整
|
| | | | — | | | | | | 443 | | | | | | — | | | | | | 443 | | |
Net loss
|
| | | | — | | | | | | — | | | | | | (7,104) | | | | | | (7,104) | | |
Balance at December 31, 2020
|
| | | $ | 152,273 | | | | | $ | 543 | | | | | $ | (132,121) | | | | | $ | 20,695 | | |
| | |
Year Ended
December 31, |
| |||||||||
| | |
2020
|
| |
2019
|
| ||||||
经营活动的现金流 | | | | | | | | | | | | | |
Net income (loss)
|
| | | $ | (7,104) | | | | | $ | (10,905) | | |
将净收益(亏损)调整为经营活动提供的净现金:
|
| | | | | | | | | | | | |
财产和设备折旧摊销
|
| | | | 6,716 | | | | | | 5,892 | | |
递延融资成本摊销
|
| | | | 189 | | | | | | 134 | | |
无形资产摊销
|
| | | | 168 | | | | | | 168 | | |
Bad debt expense
|
| | | | 300 | | | | | | 36 | | |
处置财产和设备的亏损/(收益)
|
| | | | (58) | | | | | | 21 | | |
经营性资产和负债变动:
|
| | | | | | | | | | | | |
Accounts receivable
|
| | | | 224 | | | | | | (670) | | |
Inventories
|
| | | | (4,804) | | | | | | (9,952) | | |
预付费用和其他流动资产
|
| | | | (53) | | | | | | (1,668) | | |
Other non-current assets
|
| | | | (68) | | | | | | (36) | | |
Accounts payable
|
| | | | (1,447) | | | | | | (359) | | |
Accrued expenses
|
| | | | (306) | | | | | | 113 | | |
Deferred revenues
|
| | | | 55 | | | | | | 2,007 | | |
其他流动负债
|
| | | | (157) | | | | | | 301 | | |
其他非流动负债
|
| | | | 70 | | | | | | 70 | | |
经营活动中使用的净现金
|
| | | $ | (6,275) | | | | | $ | (14,848) | | |
投资活动产生的现金流 | | | | | | | | | | | | | |
购置房产和设备
|
| | | | (1,120) | | | | | | (3,269) | | |
处置财产和设备的收益
|
| | | | 43 | | | | | | 38 | | |
用于投资活动的净现金
|
| | | $ | (1,077) | | | | | $ | (3,231) | | |
融资活动产生的现金流 | | | | | | | | | | | | | |
Distribution to parent
|
| | | $ | (450) | | | | | $ | (10,000) | | |
家长贡献
|
| | | | 800 | | | | | | 7,800 | | |
应付票据收益
|
| | | | 2,352 | | | | | | — | | |
信用额度预付款
|
| | | | 4,330 | | | | | | 22,274 | | |
延期融资成本
|
| | | | — | | | | | | (926) | | |
资本租赁付款
|
| | | | (143) | | | | | | (325) | | |
融资活动提供的净现金(用于)
|
| | | $ | 6,889 | | | | | $ | 18,823 | | |
汇率变动对现金的影响
|
| | | $ | 165 | | | | | $ | 81 | | |
现金净增(减)
|
| | | $ | (298) | | | | | $ | 825 | | |
Cash – Beginning
|
| | | $ | 2,000 | | | | | $ | 1,175 | | |
Cash – Ending
|
| | | $ | 1,702 | | | | | $ | 2,000 | | |
补充披露 | | | | | | | | | | | | | |
Interest paid in cash
|
| | | $ | 997 | | | | | $ | 852 | | |
Taxes paid in cash
|
| | | | 12 | | | | | | 9 | | |
非现金投资活动 | | | | | | | | | | | | | |
从库存到物业和设备的净转移
|
| | | $ | 4,717 | | | | | $ | 8,231 | | |
通过资本租赁获得的财产和设备
|
| | | | — | | | | | | 489 | | |
|
Asset
|
| |
Life
|
|
| 涡轮机和其他设备 | | |
10 years
|
|
| 租赁改进 | | |
租期更短或10年
|
|
| 机械设备 | | |
3-7 years
|
|
| 家具和固定装置 | | |
7 years
|
|
| 野外作业设备 | | |
5 years
|
|
| 计算机设备和软件 | | |
3-5 years
|
|
| Vehicles | | |
4-5 years
|
|
| | |
2020
|
| | | | |
2019
|
| ||||||
Manufactured product
|
| | | $ | 3,276 | | | | | | | | $ | 5,716 | | |
销售产品的涡轮服务
|
| | | | 2,213 | | | | | | | | | 2,824 | | |
Total non-lease revenue
|
| | | $ | 5,489 | | | | | | | | $ | 8,540 | | |
汽轮机租赁车队收入
|
| | | | 17,838 | | | | | | | | | 16,833 | | |
Total revenue
|
| | | $ | 23,327 | | | | | | | | $ | 25,373 | | |
| | |
2020
|
| |
2019
|
| ||||||
Turbine leasing fleet
|
| | | $ | 1,548 | | | | | $ | 2,318 | | |
销售产品的涡轮服务
|
| | | | 318 | | | | | | 376 | | |
Manufactured product
|
| | | | 442 | | | | | | — | | |
Other
|
| | | | 153 | | | | | | 306 | | |
应收贸易账款总额
|
| | | $ | 2,461 | | | | | $ | 3,000 | | |
Contract assets
|
| | | $ | 2,461 | | | | | $ | 3,000 | | |
坏账准备
|
| | | | (45) | | | | | | (60) | | |
应收贸易账款总额,净额
|
| | | $ | 2,416 | | | | | $ | 2,940 | | |
| Years ended December 31, | | | | | | | |
|
2021
|
| | | $ | 7,912 | | |
|
2022
|
| | | | 491 | | |
|
Total
|
| | | $ | 8,403 | | |
| | |
2020
|
| | | | |
2019
|
| ||||||
Raw materials
|
| | | $ | 9,367 | | | | | | | | $ | 9,804 | | |
Work in process
|
| | | | 935 | | | | | | | | | 1,315 | | |
Finished goods
|
| | | | 3,357 | | | | | | | | | 2,452 | | |
Total inventories, net
|
| | | $ | 13,659 | | | | | | | | $ | 13,571 | | |
| | |
2020
|
| |
2019
|
| ||||||
涡轮机和其他设备
|
| | | $ | 61,973 | | | | | $ | 57,416 | | |
机械设备
|
| | | | 5,146 | | | | | | 5,432 | | |
租赁改进
|
| | | | 782 | | | | | | 2,447 | | |
Fieldwork equipment
|
| | | | 4,032 | | | | | | 4,339 | | |
计算机设备和软件
|
| | | | 1,074 | | | | | | 855 | | |
Vehicles
|
| | | | 274 | | | | | | 308 | | |
Furniture and fixtures
|
| | | | 540 | | | | | | 603 | | |
财产、厂房和设备,毛收入
|
| | | $ | 73,821 | | | | | $ | 71,400 | | |
累计折旧
|
| | | | (38,432) | | | | | | (34,295) | | |
施工中
|
| | | | 1,117 | | | | | | — | | |
物业、厂房和设备,净额
|
| | | $ | 36,506 | | | | | $ | 37,105 | | |
| | |
2020
|
| |
2019
|
| ||||||
Patents
|
| | | $ | 1,680 | | | | | $ | 1,680 | | |
累计摊销
|
| | | | (1,344) | | | | | | (1,176) | | |
Intangible assets, net
|
| | | $ | 336 | | | | | $ | 504 | | |
| Year ending December 31, | | | | | | | |
|
2021
|
| | | $ | 168 | | |
|
2022
|
| | | | 168 | | |
|
Total
|
| | | $ | 336 | | |
Year ended December 31,
|
| |
Capital Leases
|
| | | | |
Operating Leases
|
| ||||||
2021
|
| | | $ | 153 | | | | | | | | $ | 1,363 | | |
2022
|
| | | | 136 | | | | | | | | | 1,063 | | |
2023
|
| | | | 58 | | | | | | | | | 866 | | |
2024
|
| | | | — | | | | | | | | | 398 | | |
未来最低租赁义务总额
|
| | | $ | 347 | | | | | | | | $ | 3,690 | | |
资本租赁利息减少
|
| | | | (26) | | | | | | | | | | | |
资本租赁债务净现值
|
| | | $ | 321 | | | | | | | | | | | |
Less current portion
|
| | | | (148) | | | | | | | | | | | |
长期资本租赁义务
|
| | | $ | 173 | | | | | | | | | | | |
| | |
2020
|
| |
2019
|
| ||||||
Current | | | | | | | | | | | | | |
Federal
|
| | | $ | — | | | | | $ | — | | |
State
|
| | | | 31 | | | | | | 7 | | |
Foreign
|
| | | | — | | | | | | — | | |
Total current
|
| | | $ | 31 | | | | | $ | 7 | | |
Deferred | | | | | | | | | | | | | |
Federal
|
| | | $ | — | | | | | $ | — | | |
State
|
| | | | — | | | | | | — | | |
Foreign
|
| | | | — | | | | | | — | | |
Total deferred
|
| | | | | | | | | | | | |
所得税总费用
|
| | | $ | 31 | | | | | $ | 7 | | |
| | |
2020
|
| |
2019
|
| ||||||||||||||||||
法定税率所得税
|
| | | $ | (1,485) | | | | | | 21.0% | | | | | $ | (2,289) | | | | | | 21.0% | | |
扣除联邦福利后的州所得税
|
| | | | (435) | | | | | | 6.1% | | | | | | (729) | | | | | | 6.7% | | |
合伙企业级别的所得税
|
| | | | 207 | | | | | | (2.9)% | | | | | | 297 | | | | | | (2.7)% | | |
外币汇率差异
|
| | | | (57) | | | | | | 0.8% | | | | | | 13 | | | | | | (0.1)% | | |
永久性差异
|
| | | | 29 | | | | | | (0.4)% | | | | | | 33 | | | | | | (0.3)% | | |
State rate change
|
| | | | 692 | | | | | | (9.8)% | | | | | | 228 | | | | | | (2.1)% | | |
Valuation allowance
|
| | | | 962 | | | | | | (13.6)% | | | | | | 2,132 | | | | | | (19.6)% | | |
Other
|
| | | | 118 | | | | | | (1.6)% | | | | | | 322 | | | | | | (2.9)% | | |
所得税拨备
|
| | | $ | 31 | | | | | | (0.4)% | | | | | $ | 7 | | | | | | 0.0% | | |
| | |
2020
|
| |
2019
|
| ||||||
净营业亏损结转
|
| | | $ | 17,095 | | | | | $ | 16,201 | | |
限息结转
|
| | | | 8 | | | | | | 4 | | |
准备金和应计费用
|
| | | | 641 | | | | | | 633 | | |
Intangibles
|
| | | | 102 | | | | | | 89 | | |
Inventory
|
| | | | 627 | | | | | | 635 | | |
递延税金总资产
|
| | | $ | 18,473 | | | | | $ | 17,562 | | |
Valuation allowance
|
| | | | (17,857) | | | | | | (16,896) | | |
Net deferred tax assets
|
| | | $ | 616 | | | | | $ | 666 | | |
Fixed assets
|
| | | $ | (616) | | | | | $ | (666) | | |
递延纳税总额负债
|
| | | $ | (616) | | | | | $ | (666) | | |
Net deferred tax asset
|
| | | $ | — | | | | | $ | — | | |
|
2020年1月1日未确认的税收优惠
|
| | | $ | 3 | | |
|
上一年度税收头寸毛减
|
| | | | — | | |
|
本年度税位毛数增加
|
| | | | — | | |
|
2020年12月31日未确认的税收优惠
|
| | | $ | 3 | | |
| | |
2020
|
| |
2019
|
| ||||||
Line of credit
|
| | | $ | 26,658 | | | | | $ | 22,274 | | |
Note payable
|
| | | | 2,352 | | | | | | — | | |
Total debt
|
| | | $ | 29,010 | | | | | $ | 22,274 | | |
Less current debt
|
| | | | (1,300) | | | | | | — | | |
Total long-term debt
|
| | | $ | 27,710 | | | | | $ | 22,274 | | |
| 截至12月31日的年度 | | | | | | | |
|
2021
|
| | | $ | 1,300 | | |
|
2022
|
| | | | 1,052 | | |
|
2023
|
| | | | — | | |
|
2024
|
| | | | 26,658 | | |
|
未来本金支付总额
|
| | | $ | 29,010 | | |
| | |
September 30,
2021 |
| |
December 31,
2020 |
| ||||||
Assets | | | | | | | | | | | | | |
Current assets | | | | | | | | | | | | | |
Cash
|
| | | $ | 1,474 | | | | | $ | 1,702 | | |
应收账款,分别扣除11美元和45美元的备用金
|
| | | | 2,041 | | | | | | 2,416 | | |
延期IPO交易成本
|
| | | | 3,657 | | | | | | — | | |
Inventories, net
|
| | | | 9,819 | | | | | | 13,659 | | |
预付费用和其他流动资产
|
| | | | 562 | | | | | | 497 | | |
Total current assets
|
| | | | 17,553 | | | | | | 18,274 | | |
Long-term assets | | | | | | | | | | | | | |
Property and equipment, net
|
| | | | 32,523 | | | | | | 36,506 | | |
递延融资成本,扣除摊销后的净额
|
| | | | 623 | | | | | | 630 | | |
Other non-current assets
|
| | | | 61 | | | | | | 166 | | |
Intangible assets, net
|
| | | | 210 | | | | | | 336 | | |
Total long-term assets
|
| | | $ | 33,417 | | | | | $ | 37,638 | | |
Total assets
|
| | | $ | 50,970 | | | | | $ | 55,912 | | |
负债和股东权益 | | | | | | | | | | | | | |
Current liabilities | | | | | | | | | | | | | |
Accounts payable
|
| | | $ | 1,544 | | | | | $ | 1,328 | | |
Accrued expenses
|
| | | | 2,798 | | | | | | 2,003 | | |
Deferred revenues
|
| | | | 931 | | | | | | 1,849 | | |
应付票据当期部分
|
| | | | — | | | | | | 1,300 | | |
资本租赁债务的当期部分
|
| | | | 132 | | | | | | 148 | | |
Other current liabilities
|
| | | | 213 | | | | | | 214 | | |
Total current liabilities
|
| | | | 5,618 | | | | | | 6,842 | | |
Long-term liabilities | | | | | | | | | | | | | |
资本租赁,扣除当期部分
|
| | | | 92 | | | | | | 173 | | |
Line of credit
|
| | | | 22,917 | | | | | | 26,658 | | |
应付票据,扣除当期部分
|
| | | | — | | | | | | 1,052 | | |
其他非流动负债
|
| | | | 545 | | | | | | 492 | | |
长期负债总额
|
| | | $ | 23,554 | | | | | $ | 28,375 | | |
Total liabilities
|
| | | $ | 29,172 | | | | | $ | 35,217 | | |
承付款和或有事项(见附注13) | | | | | | | | | | | | | |
Stockholder’s equity | | | | | | | | | | | | | |
Net parent investment
|
| | | $ | 159,677 | | | | | $ | 152,273 | | |
累计其他综合收益
|
| | | | 477 | | | | | | 543 | | |
Accumulated deficit
|
| | | | (138,356) | | | | | | (132,121) | | |
Total stockholder’s equity
|
| | | $ | 21,798 | | | | | $ | 20,695 | | |
总负债和股东权益
|
| | | $ | 50,970 | | | | | $ | 55,912 | | |
| | |
截至9个月
9月30日, |
| |||||||||
| | |
2021
|
| |
2020
|
| ||||||
Revenue | | | | | | | | | | | | | |
Turbine leasing fleet
|
| | | $ | 11,144 | | | | | $ | 14,304 | | |
销售产品的涡轮服务
|
| | | | 3,431 | | | | | | 1,617 | | |
Manufactured product
|
| | | | 3,712 | | | | | | 3,276 | | |
Total revenue
|
| | | | 18,287 | | | | | | 19,197 | | |
Cost of revenue | | | | | | | | | | | | | |
汽轮机租赁船队(不含船队汽轮机折旧)
|
| | | | 4,279 | | | | | | 3,714 | | |
销售产品的涡轮服务
|
| | | | 2,254 | | | | | | 1,292 | | |
Manufactured product
|
| | | | 5,651 | | | | | | 5,419 | | |
船队涡轮机折旧
|
| | | | 3,357 | | | | | | 4,003 | | |
Total cost of revenue
|
| | | | 15,541 | | | | | | 14,428 | | |
Operating expenses | | | | | | | | | | | | | |
销售、一般和行政
|
| | | | 10,318 | | | | | | 8,596 | | |
Research and development
|
| | | | 98 | | | | | | 126 | | |
Total operating expenses:
|
| | | | 10,416 | | | | | | 8,722 | | |
Operating loss
|
| | | | (7,670) | | | | | | (3,953) | | |
Other income (expense) | | | | | | | | | | | | | |
Interest expense
|
| | | | (792) | | | | | | (876) | | |
Other income (expense), net
|
| | | | 2,562 | | | | | | (10) | | |
Total other income (expense), net
|
| | | | 1,770 | | | | | | (886) | | |
Loss before income taxes
|
| | | | (5,900) | | | | | | (4,839) | | |
Income tax expense
|
| | | | (308) | | | | | | (5) | | |
Net loss
|
| | | $ | (6,208) | | | | | $ | (4,844) | | |
其他综合损益 | | | | | | | | | | | | | |
外币折算调整
|
| | | | (66) | | | | | | (17) | | |
其他综合收益(亏损)合计
|
| | | | (66) | | | | | | (17) | | |
Comprehensive loss
|
| | | $ | (6,274) | | | | | $ | (4,861) | | |
| | |
Net Parent
Investment |
| |
Accumulated
Other Comprehensive Income (Loss) |
| |
Accumulated
Deficit |
| |
Total
Stockholder’s Equity |
| ||||||||||||
Balance at January 1, 2020
|
| | | $ | 151,473 | | | | | $ | 100 | | | | | $ | (124,567) | | | | | $ | 27,006 | | |
Contributions
|
| | | | 800 | | | | | | — | | | | | | — | | | | | | 800 | | |
Distributions
|
| | | | — | | | | | | — | | | | | | (23) | | | | | | (23) | | |
外币折算调整
|
| | | | — | | | | | | (17) | | | | | | — | | | | | | (17) | | |
Net loss
|
| | | | — | | | | | | — | | | | | | (4,844) | | | | | | (4,844) | | |
Balance at September 30, 2020
|
| | | $ | 152,273 | | | | | $ | 83 | | | | | $ | (129,434) | | | | | $ | 22,922 | | |
| | |
Net Parent
Investment |
| |
Accumulated
Other Comprehensive Income (Loss) |
| |
Accumulated
Deficit |
| |
Total
Stockholder’s Equity |
| ||||||||||||
Balance at January 1, 2021
|
| | | $ | 152,273 | | | | | $ | 543 | | | | | $ | (132,121) | | | | | $ | 20,695 | | |
Contributions
|
| | | | 7,404 | | | | | | — | | | | | | — | | | | | | 7,404 | | |
Distributions
|
| | | | — | | | | | | — | | | | | | (27) | | | | | | (27) | | |
外币折算调整
|
| | | | — | | | | | | (66) | | | | | | — | | | | | | (66) | | |
Net loss
|
| | | | — | | | | | | — | | | | | | (6,208) | | | | | | (6,208) | | |
Balance at September 30, 2021
|
| | | $ | 159,677 | | | | | $ | 477 | | | | | $ | (138,356) | | | | | $ | 21,798 | | |
| | |
截至9个月
9月30日, |
| |||||||||
| | |
2021
|
| |
2020
|
| ||||||
经营活动的现金流 | | | | | | | | | | | | | |
Net loss
|
| | | $ | (6,208) | | | | | $ | (4,844) | | |
将净收益(亏损)调整为经营活动提供的净现金:
|
| | | | | | | | | | | | |
财产和设备折旧摊销
|
| | | | 5,191 | | | | | | 4,902 | | |
递延融资成本摊销
|
| | | | 162 | | | | | | 142 | | |
无形资产摊销
|
| | | | 126 | | | | | | 126 | | |
Bad debt expense
|
| | | | — | | | | | | 17 | | |
Forgiveness of debt – PPP loan
|
| | | | (2,378) | | | | | | — | | |
处置财产和设备收益
|
| | | | (24) | | | | | | (94) | | |
经营性资产和负债变动: | | | | | | | | | | | | | |
Accounts receivable
|
| | | | 375 | | | | | | 513 | | |
Inventories, net
|
| | | | 3,365 | | | | | | (3,736) | | |
预付费用和其他流动资产
|
| | | | (65) | | | | | | (207) | | |
Other non-current assets
|
| | | | 104 | | | | | | 36 | | |
Accounts payable
|
| | | | 210 | | | | | | (715) | | |
Accrued expenses
|
| | | | 821 | | | | | | 118 | | |
Deferred revenues
|
| | | | (918) | | | | | | (558) | | |
Other current liabilities
|
| | | | — | | | | | | (301) | | |
其他非流动负债
|
| | | | 53 | | | | | | 53 | | |
经营活动提供(使用)的净现金
|
| | | $ | 814 | | | | | $ | (4,548) | | |
投资活动产生的现金流 | | | | | | | | | | | | | |
购置房产和设备
|
| | | | (691) | | | | | | (757) | | |
处置财产和设备的收益
|
| | | | 24 | | | | | | 193 | | |
用于投资活动的净现金
|
| | | $ | (667) | | | | | $ | (564) | | |
融资活动产生的现金流 | | | | | | | | | | | | | |
Distribution to parent
|
| | | $ | (27) | | | | | $ | (23) | | |
Contribution from parent
|
| | | | 4,453 | | | | | | 800 | | |
延期IPO交易成本
|
| | | | (699) | | | | | | — | | |
应付票据收益
|
| | | | — | | | | | | 2,352 | | |
Payments on line of credit
|
| | | | (12,353) | | | | | | — | | |
Advances from line of credit
|
| | | | 8,484 | | | | | | 4,330 | | |
延期融资成本
|
| | | | (27) | | | | | | — | | |
Payments on capital leases
|
| | | | (96) | | | | | | (117) | | |
融资活动提供的净现金(用于)
|
| | | $ | (265) | | | | | $ | 7,342 | | |
汇率变动对现金的影响
|
| | | $ | (110) | | | | | $ | 30 | | |
Net Increase / (Decrease) in Cash
|
| | | $ | (228) | | | | | $ | 2,260 | | |
Cash – Beginning
|
| | | $ | 1,702 | | | | | $ | 2,000 | | |
Cash – Ending
|
| | | $ | 1,474 | | | | | | 4,260 | | |
补充披露 | | | | | | | | | | | | | |
Interest paid in cash
|
| | | $ | 624 | | | | | $ | 792 | | |
Taxes paid in cash
|
| | | | 84 | | | | | | 11 | | |
非现金投融资活动 | | | | | | | | | | | | | |
从库存到物业和设备的净转移
|
| | | $ | 569 | | | | | $ | 3,896 | | |
应计但未支付的递延融资成本
|
| | | | 129 | | | | | | 27 | | |
延期IPO交易成本未付
|
| | | | 2,958 | | | | | | — | | |
Forgiveness of debt – PPP loan
|
| | | | 2,378 | | | | | | | | |
|
Asset
|
| |
Life
|
|
| 涡轮机和其他设备 | | |
10 years
|
|
| 租赁改进 | | |
租期更短或10年
|
|
| 机械设备 | | |
3 – 7 years
|
|
| 家具和固定装置 | | |
5 – 7 years
|
|
| 野外作业设备 | | |
5 years
|
|
| 计算机设备和软件 | | |
3 – 5 years
|
|
| Vehicles | | |
4 – 5 years
|
|
| | |
2021
|
| |
2020
|
| ||||||
Manufactured product
|
| | | $ | 3,712 | | | | | $ | 3,276 | | |
销售产品的涡轮服务
|
| | | | 3,431 | | | | | | 1,617 | | |
Total non-lease revenue
|
| | | $ | 7,143 | | | | | $ | 4,893 | | |
汽轮机租赁车队收入
|
| | | | 11,144 | | | | | | 14,304 | | |
Total revenue
|
| | | $ | 18,287 | | | | | $ | 19,197 | | |
| | |
September 30,
2021 |
| |
December 31,
2020 |
| ||||||
Turbine leasing fleet
|
| | | $ | 1,359 | | | | | $ | 1,548 | | |
销售产品的涡轮服务
|
| | | | 441 | | | | | | 318 | | |
Manufactured product
|
| | | | 146 | | | | | | 442 | | |
Other
|
| | | | 106 | | | | | | 153 | | |
应收贸易账款总额
|
| | | $ | 2,052 | | | | | $ | 2,461 | | |
Contract assets
|
| | | $ | 2,052 | | | | | $ | 2,461 | | |
坏账准备
|
| | | | (11) | | | | | | (45) | | |
应收贸易账款总额,净额
|
| | | $ | 2,041 | | | | | $ | 2,416 | | |
|
Three months ended December 31, 2021
|
| | | $ | 2,579 | | |
|
2022
|
| | | | 1,674 | | |
|
2023
|
| | | | 168 | | |
|
Total
|
| | | $ | 4,421 | | |
| | |
September 30,
2021 |
| |
December 31,
2020 |
| ||||||
Raw materials
|
| | | $ | 6,905 | | | | | $ | 9,367 | | |
Work in process
|
| | | | 501 | | | | | | 935 | | |
Finished goods
|
| | | | 2,413 | | | | | | 3,357 | | |
Total inventories, net
|
| | | $ | 9,819 | | | | | $ | 13,659 | | |
| | |
2021
|
| |
2021
|
| ||||||
涡轮机和其他设备
|
| | | $ | 64,122 | | | | | $ | 61,973 | | |
Machinery and equipment
|
| | | | 5,115 | | | | | | 5,146 | | |
Leasehold improvements
|
| | | | 897 | | | | | | 782 | | |
Fieldwork equipment
|
| | | | 4,350 | | | | | | 4,032 | | |
计算机设备和软件
|
| | | | 641 | | | | | | 1,074 | | |
Vehicles
|
| | | | 305 | | | | | | 274 | | |
Furniture and fixtures
|
| | | | 540 | | | | | | 540 | | |
财产、厂房和设备,毛收入
|
| | | $ | 75,970 | | | | | $ | 73,821 | | |
累计折旧
|
| | | | (43,563) | | | | | | (38,432) | | |
Construction in progress
|
| | | | 116 | | | | | | 1,117 | | |
物业、厂房和设备,净额
|
| | | $ | 32,523 | | | | | $ | 36,506 | | |
| | |
September 30,
2021 |
| |
December 31,
2020 |
| ||||||
Patents
|
| | | $ | 1,680 | | | | | $ | 1,680 | | |
累计摊销
|
| | | | (1,470) | | | | | | (1,344) | | |
Intangible assets, net
|
| | | $ | 210 | | | | | $ | 336 | | |
|
Three months ended December 31, 2021
|
| | | $ | 42 | | |
|
2022
|
| | | | 168 | | |
|
Total
|
| | | $ | 210 | | |
| | |
Capital
Leases |
| |
Operating
Leases |
| ||||||
Three months ended December 31, 2021
|
| | | $ | 37 | | | | | $ | 407 | | |
2022
|
| | | | 140 | | | | | | 1,144 | | |
2023
|
| | | | 60 | | | | | | 934 | | |
2024
|
| | | | — | | | | | | 561 | | |
2025
|
| | | | — | | | | | | 288 | | |
Thereafter
|
| | | | — | | | | | | 432 | | |
未来最低租赁义务总额
|
| | | $ | 237 | | | | | $ | 3,766 | | |
资本租赁利息减少
|
| | | | (13) | | | | | | | | |
资本租赁债务净现值
|
| | | $ | 224 | | | | | | | | |
Less current portion
|
| | | | (132) | | | | | | | | |
长期资本租赁义务
|
| | | $ | 92 | | | | | | | | |
| | |
Nine Months Ended September 30,
|
| |||||||||
| | |
2021
|
| |
2020
|
| ||||||
Loss before income taxes
|
| | | $ | (5,900) | | | | | $ | (4,839) | | |
Income tax expense
|
| | | | (308) | | | | | | (5) | | |
Net loss
|
| | | $ | (6,208) | | | | | $ | (4,844) | | |
所得税占税前亏损的百分比
|
| | | | (5.22)% | | | | | | (0.10)% | | |
| | |
September 30
2021 |
| |
December 31,
2020 |
| ||||||
Line of credit
|
| | | $ | 22,917 | | | | | $ | 26,658 | | |
Note payable
|
| | | | — | | | | | | 2,352 | | |
Total debt
|
| | | $ | 22,917 | | | | | $ | 29,010 | | |
Less current debt
|
| | | | — | | | | | | (1,300) | | |
Total long-term debt
|
| | | $ | 22,917 | | | | | $ | 27,710 | | |
|
Three months ended December 31, 2021
|
| | | $ | — | | |
|
2022
|
| | | | — | | |
|
2023
|
| | | | — | | |
|
2024
|
| | | | 22,917 | | |
|
未来本金支付总额
|
| | | $ | 22,917 | | |
|
SEC registration fee
|
| | | $ | 5,401 | | |
|
FINRA filing fee
|
| | | $ | 9,500 | | |
|
Exchange listing fee
|
| | | $ | 50,000 | | |
|
印刷费和雕刻费
|
| | | $ | 180,000 | | |
|
Legal fees and expenses
|
| | | $ | 850,000 | | |
|
会计费和费用
|
| | | $ | 2,200,000 | | |
|
转会代理费和注册费
|
| | | $ | 8,000 | | |
|
Miscellaneous expenses
|
| | | $ | 422,097 | | |
|
Total
|
| | | $ | 3,724,998 | | |
|
Exhibit
Number |
| |
Exhibit Description
|
|
| 1.1 | | |
承保协议格式。
|
|
| 2.1* | | |
出资协议格式,在本次发售完成时生效。
|
|
| 3.1* | | |
第二次修订和重新注册的公司证书格式,在本次发售完成时生效。
|
|
| 3.2* | | |
经修订和重新修订的章程格式,将于本次发售完成时生效。
|
|
| 4.1* | | |
将向Roth Capital Partners,LLC颁发与此次发行相关的认股权证表格。
|
|
| 4.2 | | |
FlexEnergy Green Solutions,Inc.与美国股票转让与信托公司之间的认股权证代理协议(包括认股权证条款)。
|
|
| 5.1 | | |
Opinion of Rutan & Tucker, LLP.
|
|
| 10.1+ | | |
2021年激励奖励计划表格及其奖励协议格式,在本次活动完成时生效。
|
|
| 10.2+* | | |
FlexEnergy Green Solutions,Inc.与其每位董事和高管之间的赔偿协议格式,在本次发售完成时生效。
|
|
| 10.3* | | | FlexEnergy Green Solutions,Inc.、FlexEnergy Power Solutions,LLC、RNS Flex、LLC和TRF Platform Holdings,LLC之间的注册权协议格式将在本服务完成时生效。 | |
| 10.4+ | | |
FlexEnergy Green Solutions,Inc.与George Walker之间的董事会主席薪酬协议,日期为2021年12月13日。
|
|
| 10.5+ | | | FlexEnergy Energy Systems,Inc.与Mark Schnepel之间的高管雇佣协议,日期为2021年12月13日。 | |
| 10.6+ | | | FlexEnergy Energy Systems,Inc.与Wes Kimmel之间的高管雇佣协议,日期为2021年12月13日。 | |
| 10.7+ | | | Flex Leating Power&Service LLC与Doug Baltzer之间的高管雇佣协议,日期为2021年12月13日。 | |
| 10.8* | | |
Pioneer New Hampshire LLC与FlexEnergy Systems,Inc.之间的转租日期为2020年12月23日。
|
|
| 10.9* | | |
Flex Leaging Power&Service LLC与GPI Plaza Tower,LP之间的办公租赁,日期为2018年2月19日。
|
|
| 10.10* | | |
Flex Leaging Power&Service LLC与GPI Plaza Tower,LP之间的办公室租赁第一修正案,日期为2019年8月29日。
|
|
| 10.11* | | |
Flex Leaging Power&Service LLC与Energes,LLC之间的转租,日期为2016年4月12日。
|
|
| 10.12* | | |
Flex Leating Power Service ULC与Bennett Financial Corp之间的租赁协议,日期为2015年12月1日。
|
|
| 10.13 | | | Flex Leaging Power Service ULC与Bennett Financial Corp.续签租赁协议,日期为2021年12月15日。 | |
| 10.14* | | |
Flex Leating Power Service ULC与Bennett Financial Corp之间的租赁续订协议,日期为2020年7月1日。
|
|
| 10.15* | | |
Flex Leating Power&Service LLC与West Epley LLC之间的商业租赁日期为2019年8月15日。
|
|
| 10.16* | | |
Flex Leaging Power&Service LLC与West Epley LLC之间的商业租赁修正案,日期为2020年6月1日。
|
|
| 10.17* | | |
FlexEnergy Energy Systems,Inc.与1 Progress LLC之间的租赁协议,日期为2019年1月。
|
|
| 10.18* | | |
FlexEnergy Energy Systems,Inc.与1 Progress LLC之间的第一次租赁修正案,日期为2021年2月22日。
|
|
| 10.19* | | |
Flex Leaging&Power Service LLC(作为借款人)、不时的其他贷款方、不时的贷款方、不时的贷款方以及德克萨斯资本银行(National Association)作为行政代理、摆动额度贷款人和信用证发行人之间的信贷协议,日期为2019年2月8日。
|
|
|
Exhibit
Number |
| |
Exhibit Description
|
|
| 10.20* | | |
Flex Leaging Power&Service LLC、Flex Power Co.和德克萨斯资本银行(Texas Capital Bank,National Association)之间的承诺和安全协议,日期为2019年2月8日。
|
|
| 10.21* | | |
FlexEnergy Power Solutions LLC和德克萨斯资本银行(National Association)之间的母公司承诺和有限担保协议,日期为2019年2月8日。
|
|
| 10.22* | | |
RNS Flex,LLC,Energy Special Situations Fund II,L.P.,ESS Participation Fund II,L.P.,TRF Platform Holdings,LLC,FlexEnergy Power Solutions,LLC,Flex Leaging Power&Service LLC和德克萨斯资本银行(Texas Capital Bank,National Association)之间的从属关系和债权人间协议,日期为2019年2月8日。
|
|
| 10.23* | | |
Flex Leaging&Power Service LLC作为借款人、其他借款人和贷款方、贷款方和德克萨斯资本银行全国协会(Texas Capital Bank,National Association)作为行政代理,签署了信贷协议第一修正案和质押和担保协议第一修正案。
|
|
| 10.24* | | |
Flex Leaging&Power Service LLC作为借款人、其他借款人和贷款方、贷款方和德克萨斯资本银行全国协会(Texas Capital Bank,National Association)作为行政代理之间的信贷协议第二修正案,日期为2020年8月28日。
|
|
| 10.25* | | |
Flex Leaging&Power Service LLC作为借款人、其他借款人和贷款方、贷款方和德克萨斯资本银行全国协会(Texas Capital Bank,National Association)作为行政代理之间的信贷协议第三修正案,日期为2020年12月22日。
|
|
| 10.26* | | |
2021年2月12日,Flex Leaging Power&Service LLC、其他借款方和贷款方,以及作为行政代理的德克萨斯资本银行(Texas Capital Bank,National Association)之间关于有限豁免杠杆率财务契约的信函协议。
|
|
| 10.27* | | |
Flex Leaging Power&Service LLC、其他借款人和贷款方、贷款方和德克萨斯资本银行全国协会(Texas Capital Bank,National Association)之间的信贷协议第四修正案,日期为2021年6月29日。
|
|
| 10.28 | | |
Flex Leaging Power&Service LLC、其他借款人和贷款方、贷款方和作为行政代理的德克萨斯资本银行全国协会之间的信贷协议第五修正案,日期为2021年12月 。
|
|
| 10.29* | | |
由Flex租赁和电力服务公司ULC签署的联合协议,由德克萨斯资本银行全国协会作为行政代理,日期为2020年12月22日。
|
|
| 10.30* | | |
Flex租赁和电力服务ULC的联合协议和从属和债权人间协议修正案,以德克萨斯资本银行、全国协会为行政代理,并于2020年12月22日得到现有贷款方和从属贷款人的确认。
|
|
| 10.31* | | |
Flex Power Co.于2020年12月22日对安全协议进行了修订。
|
|
| 10.32* | | |
Flex Leaging and Power Service ULC与德克萨斯资本银行全国协会(Texas Capital Bank,National Association)作为行政代理签订的加拿大质押和安全协议,日期为2020年12月22日。
|
|
| 10.33* | | |
FlexEnergy Power Solutions,LLC,RNS Flex,LLC,Energy Special Situations Fund II,L.P.,ESS Participation Fund II,L.P.和TRF Platform Holdings,LLC之间的股票质押协议将在本次发售完成时生效。
|
|
| 10.34 | | |
修订并重新签署了FlexEnergy Power Solutions,LLC和RNS Flex LLC之间的未来股权简单协议,日期为2021年12月2日
|
|
| 10.35 | | |
修订并重新签署了FlexEnergy Power Solutions,LLC和TRF Platform Holdings,LLC之间的未来股权简单协议,日期为2021年12月2日
|
|
| 21.1* | | |
注册人子公司列表。
|
|
| 23.1 | | |
独立注册会计师事务所德勤会计师事务所同意。
|
|
| 23.2 | | |
Rutan&Tucker,LLP同意(见附件5.1)。
|
|
| 24.1* | | |
Power of Attorney (see page II-6).
|
|
|
Signature
|
| |
Title
|
| |
Date
|
|
|
/s/ Mark Schnepel
Mark Schnepel
|
| |
Chief Executive Officer
(首席执行官) |
| |
January 11, 2022
|
|
|
/s/ Wes Kimmel
Wes Kimmel
|
| |
Chief Financial Officer
(首席财务会计官) |
| |
January 11, 2022
|
|
|
*
Thomas Denison
|
| | Director | | |
January 11, 2022
|
|
|
*
Patrick Connelly
|
| | Director | | |
January 11, 2022
|
|
|
*
George Walker
|
| | Director | | |
January 11, 2022
|
|
|
* By:
|
| |
/s/ Wes Kimmel
|
| | | |
| | | | Wes Kimmel | | | | |
| | | | Attorney-in-Fact | | | | |