Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
CURRENT ASSETS    
Cash and cash equivalents $ 118,499 $ 33,417
Debt securities available for sale 231,331 167,365
Restricted cash – current 72,763 141,855
Prepaid expenses and other current assets 6,284 2,712
Total current assets 428,877 345,349
Restricted cash – non-current 93,788 88,586
Prepaid expenses and other non-current assets 6,410 5,535
Operating lease right-of-use assets 11,846 0
Property, plant and equipment, net 345,591 225,214
TOTAL ASSETS 886,512 664,684
CURRENT LIABILITIES    
Accounts payable 5,126 1,401
Accrued expenses 26,728 35,526
Accrued interest 1,532 1,532
Total current liabilities 33,386 38,459
NON-CURRENT LIABILITIES    
Deferred revenue 5,000 5,000
Bonds payable 233,000 232,508
Warrant liability 51,381 6,113
Operating lease right-of-use liabilities 11,656 0
Other non-current liabilities 1,122 1,069
TOTAL LIABILITIES 335,545 283,149
COMMITMENT AND CONTINGENCIES
STOCKHOLDERS' EQUITY    
Common shares - $0.001 par value, 250,000 shares authorized; 163,282 and 127,647 shares issued and outstanding as of June 30, 2022 and December 31, 2021 163 128
Additional paid-in capital 750,056 539,423
Accumulated other comprehensive loss (1,037) (237)
Accumulated deficit (198,215) (157,779)
TOTAL STOCKHOLDERS' EQUITY 550,967 381,535
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 886,512 $ 664,684