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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 22,358 $ 25,552
Prepaid expenses and other current assets 1,029 835
Total current assets 23,387 26,387
Property, plant and equipment, net 175,172 173,816
Operating lease right-of-use assets, net 450 590
Other non-current assets, net 22,661 21,312
Total assets 221,670 222,105
Current liabilities    
Accounts payable 516 281
Share-based compensation liability 182 182
Accrued liabilities and other current liabilities 2,815 5,791
Current common stock warrant liabilities 3,291 1,376
Current operating lease liabilities 440 596
Total current liabilities 7,244 8,226
Non-current common stock warrant liabilities 7,620 2,587
Other non-current liabilities 23,000 23,000
Total liabilities 37,864 33,813
Commitments and contingencies (Note 12)
Stockholders’ equity    
Common stock, $0.0001 par value; Authorized: 480.0 million shares at March 31, 2022 and December 31, 2021; Issued and outstanding: 121.6 million shares and 120.8 million shares at March 31, 2022 and December 31, 2021, respectively 12 12
Treasury stock: 541,258 shares and 346,126 shares at March 31, 2022 and December 31, 2021, respectively, at cost (1,779) (1,315)
Preferred stock, $0.0001 par value; Authorized: 0.5 million, after designation of the Convertible Preferred Stock; Issued and outstanding: none at March 31, 2022 and December 31, 2021 0 0
Additional paid-in-capital 183,138 191,264
Accumulated deficit (181,506) (170,069)
Total stockholders’ equity (135) 19,892
Total liabilities, convertible preferred stock and stockholders’ equity 221,670 222,105
Series A Convertible Preferred Stock [Member]    
Current liabilities    
Convertible Preferred Stock 66,016 63,791
Series B Convertible Preferred Stock [Member]    
Current liabilities    
Convertible Preferred Stock 66,725 64,602
Series C Convertible Preferred Stock [Member]    
Current liabilities    
Convertible Preferred Stock $ 51,200 $ 40,007