v3.25.2
Unaudited Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets    
Cash $ 13,228 $ 7,144
Restricted cash 33 30
Accounts receivable 645 0
Inventory, net 23,103 27,486
Deposits 33,424 31,094
Other current assets 6,141 6,127
Total current assets 76,574 71,881
Property, plant and equipment, net 314,984 348,587
Operating lease right-of-use assets, net 6,749 1,761
Other non-current assets 1,416 3,171
Total assets 399,723 425,400
Current liabilities    
Accounts payable 67,368 71,414
Accrued expenses and other current liabilities 65,692 56,754
Other financing liabilities, current portion 850 761
Operating lease liabilities, current portion 2,755 2,128
Total current liabilities 222,558 192,707
Other financing liabilities, long term portion 44,447 38,698
Operating lease liabilities, long term portion 3,861 14
Other liabilities 1,099 1,287
Total liabilities 339,867 310,433
Stockholders’ equity    
Preferred stock 0 0
Additional paid-in capital 4,501,989 4,421,563
Accumulated other comprehensive income 7,155 7,744
Accumulated deficit (4,449,300) (4,314,346)
Total stockholders’ equity 59,856 114,967
Total liabilities and stockholders’ equity 399,723 425,400
Nonrelated Party    
Current liabilities    
Accrued expenses and other current liabilities 54,588 45,677
Warrant liabilities 51,033 28,864
Accrued interest 0 25
Notes payable 4,188 4,224
Notes payable, long term portion 23,845 45,264
Derivative call options 36,367 29,709
Related Party    
Current liabilities    
Accrued expenses and other current liabilities 11,104 11,077
Warrant liabilities 3,756 0
Accrued interest 22,574 23,227
Notes payable 4,342 5,310
Notes payable, long term portion 3,221 2,754
Derivative call options 4,469 0
Class A Common Stock    
Stockholders’ equity    
Common stock 12 6
Class B Common Stock    
Stockholders’ equity    
Common stock 0 0
Series B Preferred Stock    
Stockholders’ equity    
Preferred stock $ 0 $ 0