Balance Sheet

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

v3.25.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
CURRENT ASSETS    
Cash and cash equivalents $ 22,482 $ 15,683
Restricted cash - current 5,761 16,656
Accounts receivable, net 1,494 0
Inventory 8,683 8,087
Prepaid expenses and other current assets 11,242 13,473
Total current assets 49,662 53,899
Restricted cash - noncurrent 9,219 9,172
Operating lease right-of-use assets 56,141 56,833
Property, plant and equipment, net 667,901 674,079
Prepaid expenses and other noncurrent assets 4,415 4,402
TOTAL ASSETS 787,338 798,385
CURRENT LIABILITIES    
Accounts payable 6,760 6,596
Accrued expenses 27,061 43,259
Accrued interest 5,851 7,626
Current portion of warrant liability 27,866 10,109
Total current liabilities 90,610 90,877
NONCURRENT LIABILITIES    
Deferred revenue 5,000 5,000
Warrant liability 36,851 120,090
Operating lease right-of-use liabilities 53,993 54,665
Preferred stock liability 20,739 18,433
Other noncurrent liabilities 1,615 5,514
TOTAL LIABILITIES 549,125 617,936
COMMITMENT AND CONTINGENCIES (NOTE 12)
STOCKHOLDERS' EQUITY    
Common shares - $0.001 par value, 450,000 shares authorized; 179,535 and 173,566 shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively 180 174
Preferred shares - $0.001 par value, 25,000 shares authorized; 50 shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively 0 0
Additional paid-in capital 862,593 813,573
Accumulated other comprehensive (loss)/income (16) 78
Accumulated deficit (624,544) (633,376)
TOTAL STOCKHOLDERS' EQUITY 238,213 180,449
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY 787,338 798,385
Long-term debt    
CURRENT LIABILITIES    
Current portion of long-term debt 12,717 12,932
NONCURRENT LIABILITIES    
Long-term debt, less current portion 271,992 256,886
Related Party    
CURRENT LIABILITIES    
Current portion of long-term debt 10,355 10,355
NONCURRENT LIABILITIES    
Long-term debt, less current portion $ 68,325 $ 66,471

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