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, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 11,814 $ 13,666
Restricted cash 6,524 11,272
Accounts receivable, net 2,666 2,691
Inventory, net 4,493 3,594
Prepaid expenses and other current assets 2,295 2,881
Total current assets 27,792 34,104
Property and equipment, net 268,099 157,844
Operating lease right-of-use assets 190 137
Goodwill 38,481 38,481
Intangible assets, net 42,246 47,273
Other assets 674 901
Total assets 377,482 278,740
Current liabilities    
Accounts payable 9,041 13,757
Accrued liabilities 15,621 9,426
Operating lease liabilities 91 84
Total current liabilities 24,753 23,267
Long-term debt, net of debt issuance costs 216,958 119,814
Financing obligation 49,057 14,139
Operating lease liabilities, noncurrent 133 187
Warrant liability 8,780 0
Total liabilities 299,681 157,407
Commitments and contingencies (Note 11)
Stockholders' equity    
Common stock, $0.0001 par value, 400,000,000 shares authorized, 104,240,153 and 103,700,630 issued and outstanding as of June 30, 2023 and December 31, 2022, respectively [1] 1 1
Additional paid-in capital 315,574 300,645
Accumulated deficit (237,774) (179,313)
Total stockholders' equity 77,801 121,333
Total liabilities and stockholders' equity $ 377,482 $ 278,740
[1] Prior comparative period share amounts issued and outstanding have been retroactively adjusted to reflect the Reverse Stock Split (as defined below). See Note 2, Summary of Significant Accounting Policies, for additional detail.