Balance Sheet

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

v3.24.0.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
CURRENT ASSETS    
Cash and cash equivalents $ 73,411 $ 63,892
Debt securities available for sale 48,226 98,592
Restricted cash and cash equivalents - current 25,692 68,850
Prepaid expenses and other current assets 15,316 4,883
Total current assets 162,645 236,217
Restricted cash and cash equivalents - non-current 203,411 94,781
Prepaid expenses and other non-current assets 4,772 5,483
Operating lease right-of-use assets 29,799 19,136
Property, plant and equipment, net 638,746 505,719
TOTAL ASSETS 1,039,373 861,336
CURRENT LIABILITIES    
Accounts payable 2,881 1,667
Accrued expenses 35,391 35,102
Current portion of long-term debt 9,148 0
Accrued interest 8,190 1,532
Total current liabilities 55,610 38,301
NON-CURRENT LIABILITIES    
Deferred revenue 5,000 5,000
Warrant liability 22,059 55,883
Operating lease right-of-use liabilities 27,253 16,620
Other non-current liabilities 1,811 1,136
TOTAL LIABILITIES 619,137 350,453
COMMITMENT AND CONTINGENCIES
STOCKHOLDERS' EQUITY    
Common shares - $0.001 par value, 450,000 shares authorized; 164,279 and 163,550 shares issued and outstanding as of December 31, 2023 and December 31, 2022 164 164
Additional paid-in capital 764,344 753,885
Accumulated other comprehensive loss (32) (641)
Accumulated deficit (344,240) (242,525)
TOTAL STOCKHOLDERS' EQUITY 420,236 510,883
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY 1,039,373 861,336
Long-term debt    
CURRENT LIABILITIES    
Current portion of long-term debt 9,148 0
NON-CURRENT LIABILITIES    
Long-term debt, less current portion 467,708 233,513
Related Party    
CURRENT LIABILITIES    
Current portion of long-term debt 0  
NON-CURRENT LIABILITIES    
Long-term debt, less current portion $ 39,696 $ 0

Source