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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Current assets    
Cash and cash equivalents $ 37,579 $ 15,736
Investment securities 0 62,207
Prepaid expenses and other current assets 878 859
Total current assets 38,457 78,802
Property, plant and equipment, net 150,051 134,591
Operating lease right-of-use assets, net 1,004 1,054
Other non-current assets, net 13,917 6,748
Total assets 203,429 221,195
Current liabilities    
Accounts payable 519 11,912
Share-based compensation liability 182 182
Accrued liabilities and other current liabilities 1,294 8,751
Current operating lease liabilities 638 698
Total current liabilities 2,633 21,543
Non-current common stock warrant liabilities 4,261 12,034
Non-current operating lease liabilities 166 3
Other non-current liabilities 15,000 0
Total liabilities 22,060 33,580
Commitments and contingencies (Note 13)
Stockholders’ equity    
Common stock, $0.0001 par value Authorized: 480.0 million shares at June 30, 2020 and December 31, 2019 Issued and outstanding: 117.5 million shares and 117.3 million shares at June 30, 2020 and December 31, 2019, respectively 12 12
Treasury stock: 177,549 shares and 137,860 shares at June 30, 2020 and December 31, 2019, respectively, at cost (796) (685)
Preferred stock, $0.0001 par value Authorized: 0.9 million, after designation of the Series A and Series B Convertible Preferred Stock Issued and outstanding: none at June 30, 2020 and December 31, 2019 0 0
Additional paid-in-capital 215,807 224,091
Accumulated deficit (138,573) (133,701)
Total stockholders’ equity 76,450 89,717
Total liabilities, Series A and Series B Convertible Preferred Stock and stockholders’ equity 203,429 221,195
Series A Convertible Preferred Stock [Member]    
Current liabilities    
Series A Convertible Preferred Stock, $1,000 per share liquidation preference Issued and outstanding: 61,743 shares and 58,197 shares at June 30, 2020 and December 31, 2019, respectively 51,727 48,084
Series B Convertible Preferred Stock [Member]    
Current liabilities    
Series A Convertible Preferred Stock, $1,000 per share liquidation preference Issued and outstanding: 61,743 shares and 58,197 shares at June 30, 2020 and December 31, 2019, respectively $ 53,192 $ 49,814