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  "documentTitle": "Generac Holdings, Inc. (GNRC)",
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  "authorName": "Ben Axler",
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  "presentationDate": "2022-06-22 00:00:00",
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  "notes": "The slide uses a red box to highlight the 'Debtors' line item in the balance sheet and an arrow to connect it to the 'Related Party Disclosures' footnote.",
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      "kind": "callout",
      "text": "Off Grid's last UK filings through March 31, 2021 (six months prior to acquisition) do not show an income statement, but the balance sheet shows a large increase in receivables. A footnote discloses that it was owed £4.1 million from a related-party with common director ownership. Spruce Point investigated this further and finds that the related company is called Hybrid Power Hire Ltd.",
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      "text": "Source: Companies House UK",
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      "text": "A Close Look At Off Grid",
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