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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 62,789 $ 25,552
Prepaid expenses and other current assets 1,149 835
Total current assets 63,938 26,387
Property, plant and equipment, net 218,646 173,816
Operating lease right-of-use assets, net 1,474 590
Other non-current assets 28,372 21,312
Total assets 312,430 222,105
Current liabilities    
Accounts payable 1,084 281
Accrued liabilities and other current liabilities 23,184 5,973
Current Common Stock Warrant liabilities 0 1,376
Current operating lease liabilities 1,093 596
Total current liabilities 25,361 8,226
Non-current Common Stock Warrant liabilities 6,790 2,587
Non-current operating lease liabilities 465 0
Other non-current liabilities 23,000 23,000
Total liabilities 55,616 33,813
Commitments and contingencies (Note 14)
Stockholders’ equity    
Common stock, $0.0001 par value Authorized: 480.0 million shares at December 31, 2022 and 2021, Issued and outstanding: 143.5 million shares and 120.8 million shares at December 31, 2022 and 2021, respectively 14 12
Treasury stock: 991,089 shares and 346,126 shares at December 31, 2022 and 2021, respectively, at cost (4,587) (1,315)
Preferred stock, $0.0001 par value Authorized: 0.5 million, after designation of the Convertible Preferred Stock, Issued and outstanding: none at December 31, 2022 and 2021 0 0
Additional paid-in-capital 289,084 191,264
Accumulated deficit (230,140) (170,069)
Total stockholders’ equity 54,371 19,892
Total liabilities, Convertible Preferred Stock and stockholders’ equity 312,430 222,105
Series A Convertible Preferred Stock [Member]    
Current liabilities    
Convertible Preferred Stock 73,026 63,791
Series B Convertible Preferred Stock [Member]    
Current liabilities    
Convertible Preferred Stock 73,408 64,602
Series C Convertible Preferred Stock [Member]    
Current liabilities    
Convertible Preferred Stock $ 56,009 $ 40,007