v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
CURRENT ASSETS:    
Cash and cash equivalents $ 143,166 $ 65,931
Unbilled receivables - related party 24,364  
Prepaid expenses 3,989 6,017
Tax incentive receivable 14,286 15,286
Other current assets 26,928 1,527
Total Current Assets 218,347 91,761
Property, plant and equipment, net 100,333 105,465
Intangible assets, net 421 578
Restricted cash 2,200 2,262
Other assets 1,362 1,147
Equity method and other investments 39,838 6,749
Right-of-use assets - operating leases, net 11,524 12,852
Right-of-use assets - finance leases, net 22,424 23,616
TOTAL ASSETS 396,449 244,430
CURRENT LIABILITIES:    
Accounts payable 11,668 10,066
Accrued expenses 21,225 32,893
Lease obligations - operating leases, current 2,260 2,851
Lease obligations - finance leases, current 40 38
Note payable, net, current   24,648
Corporate tax liability 2,362  
Other current liabilities 15,106 50,283
Total Current Liabilities 58,096 122,555
Deferred revenue - related party 11,101 65,120
Lease obligations - operating leases 9,936 11,351
Lease obligations - finance leases 85 109
Asset retirement obligations 1,450 1,399
Note payable, net 100,000 49,689
TOTAL LIABILITIES 180,668 250,223
COMMITMENTS AND CONTINGENCIES (Note 13)
SHAREHOLDERS' EQUITY (DEFICIT):    
Ordinary Shares, $0.00003881 par value, 1,288,327,750 authorized, 94,188,118 and 81,120,931 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively 3 3
Capital in excess of par value 932,323 808,021
Treasury shares (18,193)  
Accumulated other comprehensive gain 3,255 2,406
Accumulated deficit (701,816) (816,223)
Non-controlling interest 209  
Total Shareholders' Equity (Deficit) 215,781 (5,793)
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY (DEFICIT) 396,449 244,430
Related party    
CURRENT ASSETS:    
Accounts receivable 2,438 3,000
CURRENT LIABILITIES:    
Deferred revenue 5,076 $ 1,776
Non-related party    
CURRENT ASSETS:    
Accounts receivable 3,176  
CURRENT LIABILITIES:    
Deferred revenue $ 359