v3.26.1
Consolidated Condensed Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Operating activities:    
Net loss $ (31,080) $ (47,924)
Adjustments to reconcile net loss to net cash used in operating activities:    
Share-based compensation 2,825 3,691
Stock issued for services 50 50
Depreciation 5,057 4,708
Bad debt expense 363 0
Intangibles and other amortization expense 23 23
Debt related fees and amortization expense 2,326 3,770
Accretion and other expenses of Series A preferred units 3,122 4,311
Loss on sale/disposal of assets 108 0
Changes in operating assets and liabilities:    
Accounts receivable (2,218) (444)
Inventories (2,523) 12,958
Prepaid expenses (15) 274
Tax credit sale receivable 0 12,300
Section 45Z production tax credits (6,689) 0
Other assets 250 150
Accounts payable (2,536) (9,467)
Accrued interest expense and fees 21,282 9,380
Other liabilities (2,784) 643
Net cash used in operating activities (12,439) (5,577)
Investing activities:    
Capital expenditures (15,083) (5,350)
Grant proceeds for capital expenditures 1,440 411
Proceeds from sale of fixed assets 2 0
Net cash used in investing activities (13,641) (4,939)
Financing activities:    
Proceeds from borrowings 21,462 21,319
Repayments of borrowings (13,305) (25,411)
Payments on Series A preferred financing 0 (2,200)
Lender debt renewal and waiver fee payments 0 (495)
Payments on finance leases (145) (162)
Proceeds from sales of common stock 13,693 17,960
Proceeds from exercise of stock options 49 257
Net cash provided by financing activities 21,754 11,268
Effect of exchange rate changes on cash, cash equivalents, and restricted cash (44) 7
Net change in cash, cash equivalents, and restricted cash for period (4,370) 759
Cash, cash equivalents, and restricted cash at beginning of period 7,886 3,831
Cash, cash equivalents and restricted cash at end of period 3,516 4,590
Supplemental disclosures of cash flow information, cash paid:    
Cash paid for interest 4,862 11,404
Income taxes paid 0 0
Supplemental disclosures of cash flow information, non-cash transactions:    
Settlement of accounts payable via issuance of common stock 0 45
Fair value of warrants issued to subordinated debt holders 185 584
Subordinated debt extension fees added to debt 340 680
Financing lease liabilities arising from obtaining right of use assets 826 0
Lender debt extension, waiver, and other fees added to debt 1,700 2,595
Accrued capital expenditures in construction financing 4,925 0
Capital expenditures in accounts payable and accruals $ 18,748 $ 14,429