v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
CURRENT ASSETS:    
Cash and cash equivalents $ 33,329 $ 24,047
Accounts receivable, net 4,191 2,801
Inventories, net 34,299 34,607
Prepaid expenses and other current assets 5,354 6,858
Total current assets 77,173 68,313
NON-CURRENT ASSETS:    
Property, plant and equipment, net 137,177 143,321
Right-of-use assets - finance leases 55,091 57,667
Other intangible assets, net 90,543 92,205
Goodwill 30,910 30,910
Other non-current assets 36,779 27,801
Restricted cash - non-current 2,125 2,125
Total non-current assets 352,625 354,029
Total assets 429,798 422,342
CURRENT LIABILITIES:    
Accounts payable 22,569 22,330
Accrued expenses and other current liabilities 25,905 25,531
Income tax payable 125 265
Debt, net - current portion 33,623 6,639
Finance lease obligations - current 10,941 11,125
Derivative liabilities - current 11 296
Total current liabilities 93,174 66,186
NON-CURRENT LIABILITIES:    
Debt, net - non-current (including related party principal amounts of $49,009 and $41,109 as of June 30, 2026 and December 31, 2025, respectively) 196,376 199,195
Finance lease obligations - non-current 52,959 53,547
Derivative liabilities - non-current 5,951 8,311
Unrecognized tax benefits (including interest and penalties of $45,233 and $38,342 as of June 30, 2026 and December 31, 2025, respectively) 193,946 177,242
Other liabilities - non-current 29,208 33,205
Total non-current liabilities 478,440 471,500
Total liabilities 571,614 537,686
COMMITMENTS AND CONTINGENCIES (Note 16)
EQUITY (DEFICIT):    
Common stock, no par value: authorized shares - unlimited; issued and outstanding shares - 199,698,263 and 199,696,597 Subordinate Voting Shares as of June 30, 2026 and December 31, 2025, respectively 0 0
Paid-in capital 512,572 511,868
Accumulated deficit (654,388) (627,212)
Total deficit (141,816) (115,344)
Total liabilities and equity (deficit) $ 429,798 $ 422,342