The carrying amounts of the consolidated variable interest entities' assets and liabilities were as follows as of September 30, 2026 and December 31, 2025:
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September 30, 2026 |
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December 31, 2025 |
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ASSETS |
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|
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Current assets |
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|
|
|
|
|
Cash and cash equivalents |
|
$ |
148 |
|
|
$ |
10,922 |
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Prepaid expenses and other current assets |
|
|
443 |
|
|
|
118 |
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Total current assets |
|
|
591 |
|
|
|
11,040 |
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Non-current assets |
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|
|
|
|
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Property and equipment, net |
|
|
873 |
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|
|
362 |
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Mineral interests, which includes $0 and $2,275 related to SEM, respectively |
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|
23,615 |
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|
|
23,327 |
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Other non-current assets |
|
|
138 |
|
|
|
42 |
|
Total non-current assets |
|
|
24,626 |
|
|
|
23,731 |
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Total assets |
|
$ |
25,217 |
|
|
$ |
34,771 |
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|
|
|
|
|
|
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LIABILITIES |
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|
|
|
|
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Current liabilities |
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|
|
|
|
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Accounts payable |
|
$ |
429 |
|
|
$ |
362 |
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Accrued expenses |
|
|
551 |
|
|
|
22 |
|
Lease liability, current |
|
|
91 |
|
|
|
23 |
|
Other current liabilities |
|
|
55 |
|
|
|
11 |
|
Total current liabilities |
|
|
1,126 |
|
|
|
418 |
|
Non-current liabilities |
|
|
|
|
|
|
Other non-current liabilities |
|
|
40 |
|
|
|
20 |
|
Total non-current liabilities |
|
|
40 |
|
|
|
20 |
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Total liabilities |
|
$ |
1,166 |
|
|
$ |
438 |
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|