v3.25.2
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 5,286 $ 937
Restricted cash 7,885 6,529
Accounts receivable, net 2,438 2,282
Inventory, net 7,028 6,814
Prepaid expenses and other current assets 2,310 2,261
Total current assets 24,947 18,823
Property and equipment, net 365,262 370,978
Finance lease right-of-use assets 246 277
Operating lease right-of-use assets 59 73
Intangible assets, net 35,999 37,783
Other assets 261 101
Total assets 426,774 428,035
Current liabilities    
Accounts payable 9,527 16,987
Accrued liabilities 9,673 18,082
Short-term debt 0 20,205
Financing obligation 69 51
Operating lease liabilities 31 30
Finance lease liabilities 81 81
Total current liabilities 19,381 55,436
Long-term debt    
Principal amount 312,000 447,719
Plus: Debt premium, net of amortization 166,330 0
Less: Unamortized deferred financing costs 0 (31,142)
Long-term debt, net 478,330 416,577
Financing obligation, noncurrent 50,152 49,856
Operating lease liabilities, noncurrent 39 57
Finance lease liabilities, noncurrent 182 206
Warrant liability 11,412 6,403
Total liabilities 559,496 528,535
Commitments and contingencies (Note 12)
Stockholders' deficit    
Common stock, $0.0001 par value, 400,000,000 shares authorized, 21,784,277 and 8,656,122 issued and outstanding as of June 30, 2025 and December 31, 2024, respectively 2 1
Additional paid-in capital 349,758 322,729
Accumulated deficit (482,482) (423,230)
Total stockholders' deficit (132,722) (100,500)
Total liabilities and stockholders' deficit $ 426,774 $ 428,035

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