Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2021
Dec. 31, 2020
CURRENT ASSETS    
Cash $ 36,672,000 $ 64,492,000
Debt securities available for sale 184,575,000 0
Prepaid expenses and other current assets 2,793,000 446,000
Total current assets 224,040,000 64,938,000
Restricted cash 272,879,000 266,082,000
Prepaid expenses and other non-current assets 5,807,000 2,890,000
Property, plant and equipment, net 189,222,000 74,067,000
TOTAL ASSETS 691,948,000 407,977,000
CURRENT LIABILITIES    
Accounts payable 2,084,000 1,058,000
Accrued expenses 44,385,000 26,944,000
Accrued interest 7,798,000 4,951,000
Notes payable – current 0 122,000
Total current liabilities 54,267,000 33,075,000
NON-CURRENT LIABILITIES    
Deferred revenue 5,000,000 0
Notes payable 59,670,000 26,477,000
Bonds payable 232,270,000 235,676,000
Warrant liability 9,530,000 0
Other non-current liabilities 1,076,000 1,000,000
TOTAL LIABILITIES 361,813,000 296,228,000
COMMITMENT AND CONTINGENCIES 0 0
STOCKHOLDERS' EQUITY    
Additional paid-in capital 468,421,000 192,381,000
Accumulated other comprehensive loss (17,000) 0
Accumulated deficit (138,387,000) (80,714,000)
TOTAL STOCKHOLDERS' EQUITY 330,135,000 111,749,000
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY 691,948,000 407,977,000
Common Stock    
STOCKHOLDERS' EQUITY    
Common stock, issued 118,000 0
Class A Common Units    
STOCKHOLDERS' EQUITY    
Common stock, issued 0 38,000
Class B Preferred Units    
STOCKHOLDERS' EQUITY    
Preferred stock, issued 0 21,000
Class B-1 Preferred Units    
STOCKHOLDERS' EQUITY    
Preferred stock, issued 0 16,000
Class C Profits Units    
STOCKHOLDERS' EQUITY    
Common stock, issued $ 0 $ 7,000