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
Mar. 31, 2024
Dec. 31, 2023
CURRENT ASSETS    
Cash and cash equivalents $ 25,021 $ 73,411
Debt securities available for sale 2,187 48,226
Restricted cash – current 7,566 25,692
Prepaid expenses and other current assets 16,397 15,316
Total current assets 51,171 162,645
Restricted cash – non-current 7,353 203,411
Prepaid expenses and other non-current assets 4,689 4,772
Operating lease right-of-use assets 28,785 29,799
Property, plant and equipment, net 642,017 638,746
TOTAL ASSETS 734,015 1,039,373
CURRENT LIABILITIES    
Accounts payable 8,363 2,881
Accrued expenses 29,406 35,391
Accrued interest 2,597 8,190
Current portion of long-term debt 3,204 9,148
Total current liabilities 43,570 55,610
NON-CURRENT LIABILITIES    
Deferred revenue 5,000 5,000
Warrant liability 36,003 22,059
Operating lease right-of-use liabilities 26,270 27,253
Other non-current liabilities 1,944 1,811
TOTAL LIABILITIES 397,176 619,137
COMMITMENT AND CONTINGENCIES
STOCKHOLDERS' EQUITY    
Common shares - $0.001 par value, 250,000 shares authorized; 164,612 and 164,279 shares issued and outstanding as of March 31, 2024 and December 31, 2023 165 164
Preferred shares - $0.001 par value, 25,000 shares authorized; 0 shares issued and outstanding as of March 31, 2024 and December 31, 2023 0 0
Additional paid-in capital 766,519 764,344
Accumulated other comprehensive income (loss) 2 (32)
Accumulated deficit (429,847) (344,240)
TOTAL STOCKHOLDERS' EQUITY 336,839 420,236
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY 734,015 1,039,373
Nonrelated Party    
CURRENT LIABILITIES    
Current portion of long-term debt 3,204 9,148
NON-CURRENT LIABILITIES    
Long-term debt, excluding current maturities 242,937 467,708
Related Party    
CURRENT LIABILITIES    
Current portion of long-term debt 0  
NON-CURRENT LIABILITIES    
Long-term debt, excluding current maturities $ 41,452 $ 39,696

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