v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current Assets:    
Cash and cash equivalents $ 38,202 $ 48,576
Prepaid and other current assets 641 294
Total Current Assets 38,843 48,870
Property, plant and equipment, at cost:    
Property, plant and equipment 146,378 144,646
Less: Accumulated depreciation (1,832) (1,453)
Net property, plant and equipment 144,546 143,193
Other long-term assets 2,582 2,470
Total Assets 185,971 194,533
Current Liabilities:    
Accounts payable 4,277 3,989
Accrued liabilities 1,048 1,660
Total Current Liabilities 7,563 11,622
Other long-term liabilities 1,378 1,382
Total Liabilities 8,941 13,004
Commitments and Contingencies (see Note 10)
Stockholders' Equity:    
Common Stock, 400,000,000 shares authorized, $0.001 par value Issued shares - 128,564,994 and 117,989,625, respectively Outstanding shares - 128,564,833 and 117,989,464, respectively 129 118
Paid-in capital 587,161 582,681
Accumulated deficit (410,002) (401,012)
Less: Treasury stock (161 shares), at cost (258) (258)
Total Stockholders' Equity 177,030 181,529
Total Liabilities and Stockholders' Equity 185,971 194,533
Series A-1 Convertible Notes    
Current Liabilities:    
Convertible Notes 1,688 1,848
Series B-1 Convertible Notes    
Current Liabilities:    
Convertible Notes $ 550 $ 4,125