v3.25.2
Schedule of Non-cash Investing and Financing Activities and Supplemental Cash Flow Disclosures (Details) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Non–cash investing and financing activities:    
Capital expenditures included in accrued liabilities $ (15,692) $ (1,120)
Equipment purchased in exchange for note payable (560)
Common Stock issued to Bayswater as part of Bayswater Acquisition purchase price [1] 16,000
Bayswater transaction costs included in accrued liabilities 6,035
Common Stock issuance costs included in accrued liabilities [2] 292
Series F Preferred Stock issuance costs included in accrued liabilities [3] 1,113
Common Stock issued upon conversion of Series D Preferred Stock 8,475 4,120
Common Stock issued upon conversion of Series F Preferred Stock 4,772
Common Stock issued upon conversion of Senior Convertible Note [4] 18,164
Common Stock issued for Series F Preferred dividends [5] 3,289
Series F Preferred Stock undeclared dividends 1,647
Remeasurement of Series F preferred stock [6] 73,101
Series F Preferred Stock embedded derivatives 1,130
Series F Preferred Stock warrant liabilities 43,718
Additions to asset retirement obligation 46
Supplemental disclosure:    
Cash paid for interest 6,971
Cash paid for income taxes
[1] The Company issued approximately 3.7 million shares of Common Stock to Bayswater as part of the Bayswater Purchase Price. Refer to Note 2 – Acquisitions for a discussion of the Bayswater Acquisition.
[2] Relates to the Common Stock issued to partially fund the Bayswater Acquisition. Refer to Note 2 – Acquisitions for a discussion of the Bayswater Acquisition and Note 14 – Stockholders’ Equity for a discussion of the Common Stock issuance.
[3] Relates to the Series F Preferred Stock issued to partially fund the Bayswater Acquisition. Refer to Note 2 – Acquisitions for a discussion of the Bayswater Acquisition and Note 13 – Mezzanine Equity for a discussion of the Series F Preferred Stock.
[4] During the six months ended June 30, 2025, YA II PN, LTD., a Cayman Islands exempt limited company (“Yorkville”), converted the remaining $11.3 million of the initial $15.0 million convertible promissory note (the “Senior Convertible Note”) in exchange for 2.1 million shares of Common Stock. Refer to Note 10 – Debt for a discussion of the Senior Convertible Note.
[5] The Company elected to issue shares of Common Stock for the Series F Preferred Dividend payable on June 1, 2025. Refer to Note 13 – Mezzanine Equity for a discussion of the Series F Preferred Stock.
[6] Reflects the June 30, 2025 adjustment of the Series F Preferred Stock to maximum redemption in accordance with ASC Topic 480, Distinguishing Liabilities from Equity (“ASC 480”). Refer to Note 13 – Mezzanine Equity for a discussion of the Series F Preferred Stock.