Balance Sheet

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

v3.23.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
CURRENT ASSETS    
Cash and cash equivalents $ 28,885 $ 63,892
Debt securities available for sale 0 98,592
Restricted cash – current 36,098 68,850
Prepaid expenses and other current assets 10,867 4,883
Total current assets 75,850 236,217
Restricted cash – non-current 151,345 94,781
Prepaid expenses and other non-current assets 7,108 5,483
Operating lease right-of-use assets 29,891 19,136
Property, plant and equipment, net 628,818 505,719
TOTAL ASSETS 893,012 861,336
CURRENT LIABILITIES    
Accounts payable 10,861 1,667
Accrued expenses 35,323 35,102
Current portion of long-term debt 6,426 0
Accrued interest 1,746 1,532
Total current liabilities 54,356 38,301
NON-CURRENT LIABILITIES    
Deferred revenue 5,000 5,000
Warrant liability 87,031 55,883
Operating lease right-of-use liabilities 27,371 16,620
Other non-current liabilities 1,221 1,136
TOTAL LIABILITIES 458,792 350,453
COMMITMENT AND CONTINGENCIES
STOCKHOLDERS' EQUITY    
Common shares - $0.001 par value, 450,000 shares authorized; 163,796 and 163,550 shares issued and outstanding as of June 30, 2023 and December 31, 2022 164 164
Additional paid-in capital 758,999 753,885
Accumulated other comprehensive loss 0 (641)
Accumulated deficit (324,943) (242,525)
TOTAL STOCKHOLDERS' EQUITY 434,220 510,883
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY 893,012 861,336
Nonrelated Party    
CURRENT LIABILITIES    
Current portion of long-term debt 6,426 0
NON-CURRENT LIABILITIES    
Long-term debt, excluding current maturities 247,370 233,513
Related Party    
CURRENT LIABILITIES    
Current portion of long-term debt 0  
NON-CURRENT LIABILITIES    
Long-term debt, excluding current maturities $ 36,443 $ 0

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