v3.26.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
CURRENT ASSETS:    
Cash and cash equivalents $ 65,931 $ 103,659
Accounts receivable - related party 3,000 707
Contract assets - related party   950
Inventory   385
Prepaid expenses 6,017 6,828
Tax incentive receivable 15,286 8,971
Other current assets 1,527 2,018
Total Current Assets 91,761 123,518
Property, plant and equipment, net 105,465 102,878
Intangible assets, net 578 821
Restricted cash 2,262 2,009
Other assets 1,147 1,002
Equity method and other investments 6,749 6,749
Right-of-use assets - operating leases, net 12,852 10,576
Right-of-use assets - finance leases, net 23,616 22,198
TOTAL ASSETS 244,430 269,751
CURRENT LIABILITIES:    
Accounts payable 10,066 23,586
Accrued expenses 32,893 27,414
Lease obligations - operating leases, current 2,851 4,053
Lease obligations - finance leases, current 38  
Deferred revenue - related party, current 1,776 4,827
Note payable, net, current 24,648  
Other current liabilities 50,283 903
Total Current Liabilities 122,555 60,783
Deferred revenue - related party 65,120 57,576
Lease obligations - operating leases 11,351 7,523
Lease obligations - finance leases 109  
Asset retirement obligations 1,399 2,821
Note payable, net 49,689 73,221
TOTAL LIABILITIES 250,223 201,924
COMMITMENTS AND CONTINGENCIES (Note 15)
SHAREHOLDERS' (DEFICIT) EQUITY:    
Ordinary Shares, $0.00003881 par value, 1,288,327,750 authorized, 81,120,931 and 78,397,380 shares issued and outstanding at December 31, 2025 and 2024, respectively 3 3
Capital in excess of par value 808,021 773,565
Accumulated other comprehensive gain (loss) 2,406 (3,719)
Accumulated deficit (816,223) (702,022)
Total Shareholders' (Deficit) Equity (5,793) 67,827
TOTAL LIABILITIES AND SHAREHOLDERS' (DEFICIT) EQUITY $ 244,430 $ 269,751