DEBT (Details Narrative) - USD ($) $ in Thousands |
1 Months Ended | 9 Months Ended | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
Mar. 21, 2019 |
Mar. 30, 2018 |
Jul. 31, 2019 |
Sep. 30, 2019 |
Aug. 20, 2019 |
Aug. 06, 2019 |
Dec. 31, 2018 |
[1] | |||
| Net assets | $ 652,860 | $ 659,981 | ||||||||
| Kinergy Marketing LLC [Member] | Line of Credit [Member] | ||||||||||
| Unused borrowing capacity | 2,247 | |||||||||
| Description of borrowing capacity | The borrowing base under the credit facility at 90% of eligible accounts receivable, plus the lesser of (a) $50,000,000, (b) 80% of eligible inventory, or (c) 95% of the estimated recovery value of eligible inventory. | |||||||||
| Additional borrowing | 4,430 | |||||||||
| Interest rate term | Accrue interest at an annual rate equal to the daily three month LIBOR plus an applicable margin of 4.00%. | |||||||||
| Pacific Ethanol Pekin, Inc [Member] | Term Loan [Member] | ||||||||||
| Description of debt covenant | One of the Companyâs subsidiaries, amended its term loan facility by reducing the amount of working capital it is required to maintain to not less than $13.0 million from March 31, 2018 through November 30, 2018 and not less than $16.0 million from December 1, 2018 and continuing at all times thereafter. | |||||||||
| Debt face amount | $ 3,500 | |||||||||
| Debt maturity date | May 31, 2018 | |||||||||
| Pacific Ethanol Pekin, Inc [Member] | Line of Credit [Member] | Lender [Member] | ||||||||||
| Debt face amount | $ 3,500 | $ 3,500 | ||||||||
| Debt maturity date | Feb. 20, 2019 | |||||||||
| Interest rate term | Interest rate under the facilities by 125 basis points to an annual rate equal to the 30-day LIBOR plus 5.00%. | |||||||||
| Description of maintain working capital | Working capital of not less than $15,000,000 from March 21, 2019 through July 15, 2019 and working capital of not less than $30,000,000 from July 15, 2019 and continuing at all times thereafter. | |||||||||
| Description of event of default | At which time the waivers will become permanent if Pacific Ethanol Central, LLC (“PE Central”), PE Pekin’s parent, has made a contribution to PE Pekin in an amount equal to $30,000,000, minus the then-existing amount of PE Pekin’s working capital, plus the amount of any accounts receivable owed by PE Central to PE Pekin, plus $12,000,000 (the “PE Central Contribution Amount”). | |||||||||
| Pacific Ethanol Pekin, Inc [Member] | Line of Credit [Member] | ||||||||||
| Debt face amount | $ 10,500 | |||||||||
| Net assets | $ 184,800 | |||||||||
| Date of first required principal payment | Nov. 15, 2019 | |||||||||
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