v3.26.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 8,599,000 $ 17,292,000
Accounts receivable 5,613,000 4,586,000
Inventories 1,138,000 3,020,000
Prepaid expenses and other current assets 701,000 888,000
Total current assets 16,051,000 25,786,000
Property, plant, equipment and water programs, net 95,384,000 88,362,000
Long-term deposit/prepaid expenses 420,000 420,000
Goodwill 5,714,000 5,714,000
Right-of-use asset 3,394,000 3,746,000
Long-term restricted cash 2,759,000 134,000
Other assets 17,192,000 10,332,000
Total assets 140,914,000 134,494,000
Current liabilities:    
Accounts payable 3,783,000 2,261,000
Accrued liabilities 2,370,000 7,997,000
Current portion of long-term debt 51,000 120,000
Derivative liabilities 5,050,000 0
Dividend payable 1,265,000 1,288,000
Contingent consideration liabilities 0 1,200,000
Short-term deferred revenue 305,000 1,226,000
Operating lease liabilities 364,000 314,000
Total current liabilities 13,188,000 14,406,000
Long-term debt, net 72,705,000 56,708,000
Long-term lease obligations with related party, net 27,967,000 25,275,000
Long-term operating lease liabilities 3,122,000 3,473,000
Long-term deferred revenue 625,000 625,000
Other long-term liabilities 51,000 46,000
Total liabilities 117,658,000 100,533,000
Stockholders' equity:    
Common stock - $0.01 par value; 100,000,000 shares authorized at December 31, 2025 and December 31, 2024; shares issued and outstanding: 83,213,589 at December 31, 2025, and 75,353,889 at December 31, 2024 830,000 752,000
Additional paid-in capital 714,616,000 709,303,000
Accumulated deficit (692,192,000) (676,096,000)
Total stockholders' equity 23,256,000 33,961,000
Total liabilities and stockholders' equity 140,914,000 134,494,000
Series 1 Preferred Stock [Member]    
Stockholders' equity:    
Preferred stock 1,000 1,000
Series A Preferred Stock [Member]    
Stockholders' equity:    
Preferred stock $ 1,000 $ 1,000