Balance Sheet

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

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
CURRENT ASSETS    
Cash and cash equivalents $ 56,447 $ 33,417
Debt securities available for sale 158,513 167,365
Restricted cash – current 100,048 141,855
Prepaid expenses and other current assets 6,032 2,712
Total current assets 321,040 345,349
Restricted cash – non-current 101,023 88,586
Prepaid expenses and other non-current assets 6,831 5,535
Operating lease right-of-use assets 19,607 0
Property, plant and equipment, net 438,586 225,214
TOTAL ASSETS 887,087 664,684
CURRENT LIABILITIES    
Accounts payable 7,100 1,401
Accrued expenses 32,570 35,526
Accrued interest 6,127 1,532
Total current liabilities 45,797 38,459
NON-CURRENT LIABILITIES    
Deferred revenue 5,000 5,000
Bonds payable 233,254 232,508
Warrant liability 66,265 6,113
Operating lease right-of-use liabilities 17,126 0
Other non-current liabilities 1,108 1,069
TOTAL LIABILITIES 368,550 283,149
COMMITMENT AND CONTINGENCIES
STOCKHOLDERS' EQUITY    
Common shares - $0.001 par value, 250,000 shares authorized; 163,509 and 127,647 shares issued and outstanding as of September 30, 2022 and December 31, 2021 164 128
Additional paid-in capital 752,559 539,423
Accumulated other comprehensive loss (1,023) (237)
Accumulated deficit (233,163) (157,779)
TOTAL STOCKHOLDERS' EQUITY 518,537 381,535
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 887,087 $ 664,684

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