v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
CURRENT ASSETS:    
Cash and cash equivalents $ 71,541 $ 65,931
Accounts receivable - related party 3,263 3,000
Prepaid expenses 6,031 6,017
Tax incentive receivable 14,696 15,286
Other current assets 670 1,527
Total Current Assets 96,201 91,761
Property, plant and equipment, net 102,573 105,465
Intangible assets, net 494 578
Restricted cash 2,217 2,262
Other assets 1,466 1,147
Equity method and other investments 6,749 6,749
Right-of-use assets - operating leases, net 12,124 12,852
Right-of-use assets - finance leases, net 22,831 23,616
TOTAL ASSETS 244,655 244,430
CURRENT LIABILITIES:    
Accounts payable 16,658 10,066
Accrued expenses 25,239 32,893
Lease obligations - operating leases, current 2,221 2,851
Lease obligations - finance leases, current 39 38
Deferred revenue - related party, current 1,996 1,776
Note payable, net, current 24,866 24,648
Other current liabilities 105,108 50,283
Total Current Liabilities 176,127 122,555
Deferred revenue - related party 64,840 65,120
Lease obligations - operating leases 10,611 11,351
Lease obligations - finance leases 97 109
Asset retirement obligations 1,411 1,399
Note payable, net 49,699 49,689
TOTAL LIABILITIES 302,785 250,223
COMMITMENTS AND CONTINGENCIES (Note 12)
SHAREHOLDERS' DEFICIT:    
Ordinary Shares, $0.00003881 par value, 1,288,327,750 authorized, 81,446,126 and 81,120,931 shares issued and outstanding at March 31, 2026 and December 31, 2025, respectively 3 3
Capital in excess of par value 820,018 808,021
Treasury shares (18,193)  
Accumulated other comprehensive gain 2,578 2,406
Accumulated deficit (862,536) (816,223)
Total Shareholders' Deficit (58,130) (5,793)
TOTAL LIABILITIES AND SHAREHOLDERS' DEFICIT $ 244,655 $ 244,430