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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 40,012 $ 62,789
Prepaid expenses and other current assets 13,328 1,149
Total current assets 53,340 63,938
Property, plant and equipment, net 266,427 218,646
Operating lease right-of-use assets, net 951 1,474
Other non-current assets, net 32,068 28,372
Total assets 352,786 312,430
Current liabilities    
Accounts payable 12,815 1,084
Accrued liabilities and other current liabilities 19,762 23,184
Current common stock warrant liabilities 8,702 0
Current derivative liability 3,395 0
Current operating lease liabilities 634 1,093
Total current liabilities 45,308 25,361
Non-current common stock warrant liabilities 3,910 6,790
Non-current operating lease liabilities 331 465
Non-current derivative liability 84,055 0
Other non-current liabilities 23,000 23,000
Total liabilities 156,604 55,616
Commitments and contingencies (Note 13)
Stockholders’ equity (deficit)    
Common stock, $0.0001 par value Authorized: 480.0 million shares at June 30, 2023 and December 31, 2022; Issued and outstanding: 157.5 million shares and 143.5 million shares at June 30, 2023 and December 31, 2022, respectively 16 14
Treasury stock: 1,003,174 shares and 991,089 shares at June 30, 2023 and December 31, 2022, respectively, at cost (4,657) (4,587)
Preferred stock, $0.0001 par value Authorized: 0.5 million, after designation of the Convertible Preferred Stock Issued and outstanding: none at June 30, 2023 and December 31, 2022 0 0
Additional paid-in-capital 362,735 289,084
Accumulated deficit (377,776) (230,140)
Total stockholders’ equity (deficit) (19,682) 54,371
Total liabilities, convertible preferred stock and stockholders’ equity (deficit) 352,786 312,430
Series A Convertible Preferred Stock [Member]    
Current liabilities    
Convertible Preferred Stock 78,056 73,026
Series B Convertible Preferred Stock [Member]    
Current liabilities    
Convertible Preferred Stock 78,206 73,408
Series C Convertible Preferred Stock [Member]    
Current liabilities    
Convertible Preferred Stock $ 59,602 $ 56,009