Balance Sheet

Condensed Consolidated Balance Sheets as of June 30, 2022 (unaudited) and December 31, 2021

v3.23.3
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
CURRENT ASSETS    
Cash and cash equivalents $ 199,349 $ 63,892
Debt securities available for sale 12,026 98,592
Restricted cash – current 33,277 68,850
Prepaid expenses and other current assets 12,689 4,883
Total current assets 257,341 236,217
Restricted cash – non-current 151,513 94,781
Prepaid expenses and other non-current assets 7,004 5,483
Operating lease right-of-use assets 30,050 19,136
Property, plant and equipment, net 625,925 505,719
TOTAL ASSETS 1,071,833 861,336
CURRENT LIABILITIES    
Accounts payable 6,847 1,667
Accrued expenses 29,824 35,102
Current portion of long-term debt 7,065 0
Accrued interest 8,230 1,532
Total current liabilities 51,966 38,301
NON-CURRENT LIABILITIES    
Deferred revenue 5,000 5,000
Warrant liability 38,214 55,883
Operating lease right-of-use liabilities 27,556 16,620
Other non-current liabilities 1,185 1,136
TOTAL LIABILITIES 630,267 350,453
COMMITMENT AND CONTINGENCIES
STOCKHOLDERS' EQUITY    
Common shares - $0.001 par value, 450,000 shares authorized; 164,059 and 163,550 shares issued and outstanding as of September 30, 2023 and December 31, 2022 164 164
Additional paid-in capital 761,466 753,885
Accumulated other comprehensive loss (7) (641)
Accumulated deficit (320,057) (242,525)
TOTAL STOCKHOLDERS' EQUITY 441,566 510,883
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY 1,071,833 861,336
Nonrelated Party    
CURRENT LIABILITIES    
Current portion of long-term debt 7,065 0
NON-CURRENT LIABILITIES    
Long-term debt, excluding current maturities 468,317 233,513
Related Party    
CURRENT LIABILITIES    
Current portion of long-term debt 0  
NON-CURRENT LIABILITIES    
Long-term debt, excluding current maturities $ 38,029 $ 0

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