v3.25.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 37,367 $ 43,499
Held-to-maturity investment securities 0 12,374
Trade and other receivables, net of allowance 7,079 9,456
Contract assets 8,016 18,975
Other current assets 13,689 15,030
Total current assets 66,151 99,334
Property, plant and equipment, net 19,215 22,333
Right-of-use assets 15,030 26,790
Equity method investment 0 4,363
Equity security investment 14,990 14,990
Other non-current assets 910 6,873
Total assets 116,296 174,683
Current liabilities:    
Accounts payable 3,944 5,289
Other accrued liabilities 12,647 8,876
Fixed Maturity Consideration and current FPA Put Option liability 4,123 4,123
Contract liabilities 3,547 6,168
Accrued salaries and wages 2,739 2,302
Current lease liabilities 170 158
Total current liabilities 55,816 30,447
Non-current lease liabilities 16,645 30,619
Non-current contract liabilities 5,887 5,233
FPA Put Option liability 30,015 30,015
Brookfield SAFE liability 0 13,223
Brookfield Loan liability 19,435 0
Convertible Note 0 51,112
Other long-term liabilities 513 587
Total liabilities 128,311 161,236
Commitments and Contingencies (Note 15)
Mezzanine Equity    
Redeemable convertible preferred stock, $0.0001 par value; 20,000,000 shares authorized as of June 30, 2025 and December 31, 2024; 20,000,000 and no shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively 2 0
Preferred stock - additional paid-in capital 13,167 0
Total mezzanine equity 13,169 0
Shareholders’ Equity/(Deficit)    
Common stock, $0.0001 par value, 600,000,000 shares authorized as of June 30, 2025 and December 31, 2024; 231,995,967 and 194,915,711 shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively 23 19
Additional paid-in capital 994,394 981,638
Accumulated other comprehensive income 1,730 1,393
Accumulated deficit (1,021,331) (969,603)
Total shareholders’ equity/(deficit) (25,184) 13,447
Total liabilities, mezzanine equity and shareholders' equity/(deficit) 116,296 174,683
Warrants    
Current liabilities:    
Warrants 296 3,531
PIPE Warrant    
Current liabilities:    
Warrants $ 28,350 $ 0