Quarterly report pursuant to Section 13 or 15(d)

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS

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UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 317 $ 10,326
Restricted cash 6,490 6,569
Accounts receivable, net 2,044 3,078
Inventory, net 6,547 4,210
Prepaid expenses and other current assets 1,905 2,805
Total current assets 17,303 26,988
Property and equipment, net 371,368 313,166
Finance lease right-of-use assets 293 0
Operating lease right-of-use assets 118 172
Intangible assets, net 38,676 41,353
Other assets 3,056 73
Total assets 430,814 381,752
Current liabilities    
Accounts payable 16,357 14,640
Accrued liabilities 23,104 17,204
Short-term debt 13,470 0
Financing obligation 42 0
Operating lease liabilities 69 97
Finance lease liabilities 81 0
Total current liabilities 53,123 31,941
Long-term debt, net of debt issuance costs 384,938 277,985
Financing obligation, noncurrent 49,706 49,225
Operating lease liabilities, noncurrent 65 114
Finance lease liabilities, noncurrent 218 0
Warrant liability 8,377 7,214
Total liabilities 496,427 366,479
Commitments and contingencies (Note 10)
Stockholders' (deficit) equity    
Common stock, 0.0001 par value, 400,000,000 shares authorized, 8,650,649 and 8,311,237 issued and outstanding as of September 30, 2024 and December 31, 2023, respectively 1 1
Additional paid-in capital 321,358 318,600
Accumulated deficit (386,972) (303,328)
Total stockholders' (deficit) equity (65,613) 15,273
Total liabilities and stockholders' (deficit) equity $ 430,814 $ 381,752