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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 51,141 $ 62,789
Prepaid expenses and other current assets 1,570 1,149
Total current assets 52,711 63,938
Property, plant and equipment, net 243,870 218,646
Operating lease right-of-use assets, net 1,216 1,474
Other non-current assets, net 30,108 28,372
Total assets 327,905 312,430
Current liabilities    
Accounts payable 1,854 1,084
Accrued liabilities and other current liabilities 28,661 23,184
Current common stock warrant liabilities 3,504 0
Current operating lease liabilities 873 1,093
Total current liabilities 34,892 25,361
Non-current common stock warrant liabilities 3,653 6,790
Non-current operating lease liabilities 395 465
Other non-current liabilities 23,000 23,000
Total liabilities 61,940 55,616
Commitments and contingencies (Note 13)
Stockholders’ equity    
Common stock, $0.0001 par value Authorized: 480.0 million shares at March 31, 2023 and December 31, 2022; Issued and outstanding: 149.4 million shares and 143.5 million shares at March 31, 2023 and December 31, 2022, respectively 15 14
Treasury stock: 999,966 shares and 991,089 shares at March 31, 2023 and December 31, 2022, respectively, at cost (4,634) (4,587)
Preferred stock, $0.0001 par value Authorized: 0.5 million, after designation of the Convertible Preferred Stock Issued and outstanding: none at March 31, 2023 and December 31, 2022 0 0
Additional paid-in-capital 318,942 289,084
Accumulated deficit (257,487) (230,140)
Total stockholders’ equity 56,836 54,371
Total liabilities, convertible preferred stock and stockholders’ equity 327,905 312,430
Series A Convertible Preferred Stock [Member]    
Current liabilities    
Convertible Preferred Stock 75,532 73,026
Series B Convertible Preferred Stock [Member]    
Current liabilities    
Convertible Preferred Stock 75,798 73,408
Series C Convertible Preferred Stock [Member]    
Current liabilities    
Convertible Preferred Stock $ 57,799 $ 56,009