Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 13,666 $ 96,661
Restricted cash and cash equivalents 11,272 4,416
Accounts receivable, net 2,691 110
Inventory, net 3,594 922
Prepaid expenses and other current assets 2,881 3,399
Total current assets 34,104 105,508
Property and equipment, net 157,844 37,350
Operating lease right-of-use assets 137 55
Goodwill 38,481 0
Intangible assets, net 47,273 0
Other assets 901 1,017
Total assets 278,740 143,930
Current liabilities    
Accounts payable 13,757 1,920
Accrued liabilities 9,426 16,020
Operating lease liabilities 84 28
Total current liabilities 23,267 17,968
Long-term debt, net of debt issuance costs 119,814 11,199
Financing obligation 14,139 13,070
Operating lease liabilities, noncurrent 187 10
Total liabilities 157,407 42,247
Commitments and contingencies (Note 15)
Stockholders' equity (deficit)    
Common stock, $0.0001 par value, 400,000,000 shares authorized, 103,700,630 and 86,344,881 issued and outstanding as of December 31, 2022 and December 31, 2021, respectively 10 9
Additional paid-in capital 300,636 169,916
Accumulated deficit (179,313) (68,242)
Total stockholders' equity 121,333 101,683
Total liabilities and stockholders' equity $ 278,740 $ 143,930