BASIS OF ACCOUNTING AND PRESENTATION	6 Months Ended
Jun. 30, 2025
BASIS OF ACCOUNTING AND PRESENTATION.
BASIS OF ACCOUNTING AND PRESENTATION	2. BASIS OF ACCOUNTING AND PRESENTATION In accordance with U.S. GAAP for interim financial statements, these unaudited condensed consolidated financial statements do not include certain information and note disclosures that are normally included in annual financial statements prepared in conformity with U.S. GAAP. Accordingly, these unaudited condensed consolidated financial statements should be read in conjunction with our audited consolidated financial statements as of December 31, 2024, which were included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024. In the opinion of management, the accompanying unaudited condensed consolidated financial statements contain all adjustments (which are of a normal, recurring nature) necessary to present fairly in all material respects the Company’s financial position as of June 30, 2025, and the results of its operations and cash flows for the three and six months ended June 30, 2025 and 2024 in conformity with U.S. GAAP on a going concern basis. These interim results of operations for the six months ended June 30, 2025 may not be indicative of the results that will be realized for the full year ending December 31, 2025. Research & Development (“R&D”) Expenditures Materials, equipment, and facilities acquired or constructed for R&D activities associated with the Company’s Demonstration Plant project are expensed as incurred. These materials, equipment and facilities are not expected to have an alternative future use beyond the end of the current Demonstration Plant project. Restricted Cash The Company periodically maintains cash deposits that are held and earmarked for a specific purpose. At June 30, 2025, the Company had $198 in restricted cash for amounts held by a third party as security for a surety bond for our Demonstration Plant.

BASIS OF ACCOUNTING AND PRESENTATION

6 Months Ended

Jun. 30, 2025

BASIS OF ACCOUNTING AND PRESENTATION.

2. BASIS OF ACCOUNTING AND PRESENTATION

In accordance with U.S. GAAP for interim financial statements, these unaudited condensed consolidated financial statements do not include certain information and note disclosures that are normally included in annual financial statements prepared in conformity with U.S. GAAP. Accordingly, these unaudited condensed consolidated financial statements should be read in conjunction with our audited consolidated financial statements as of December 31, 2024, which were included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024. In the opinion of management, the accompanying unaudited condensed consolidated financial statements contain all adjustments (which are of a normal, recurring nature) necessary to present fairly in all material respects the Company’s financial position as of June 30, 2025, and the results of its operations and cash flows for the three and six months ended June 30, 2025 and 2024 in conformity with U.S. GAAP on a going concern basis. These interim results of operations for the six months ended June 30, 2025 may not be indicative of the results that will be realized for the full year ending December 31, 2025.

Research & Development (“R&D”) Expenditures

Materials, equipment, and facilities acquired or constructed for R&D activities associated with the Company’s Demonstration Plant project are expensed as incurred. These materials, equipment and facilities are not expected to have an alternative future use beyond the end of the current Demonstration Plant project.

Restricted Cash

The Company periodically maintains cash deposits that are held and earmarked for a specific purpose. At June 30, 2025, the Company had $198 in restricted cash for amounts held by a third party as security for a surety bond for our Demonstration Plant.