v3.24.2.u1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
CURRENT ASSETS:    
Cash and cash equivalents $ 99,974 $ 129,566
Accounts receivable - related party 1,628 10,138
Prepaid expenses 4,955 5,625
Tax incentive receivable 3,557 13,277
Other current assets 660 1,016
Total Current Assets 110,774 159,622
Property, plant and equipment, net 108,844 115,896
Intangible assets, net 969 1,118
Restricted cash 1,051 1,083
Other assets 1,139 1,917
Equity method and other investments 6,766 6,766
Right-of-use assets - operating leases, net 13,823 15,910
Right-of-use assets - finance leases, net 23,285 24,432
TOTAL ASSETS 266,651 326,744
CURRENT LIABILITIES:    
Accounts payable 21,398 16,042
Accrued expenses 16,928 42,639
Lease obligations, current 4,212 4,193
Deferred revenue - related party, current 3,498 2,926
Other current liabilities 970 1,278
Total Current Liabilities 47,006 67,078
Deferred revenue - related party 53,763 34,017
Lease obligations 10,688 12,952
Asset retirement obligations 2,490 2,401
Note payable, net 72,665 72,119
TOTAL LIABILITIES 186,612 188,567
SHAREHOLDERS' EQUITY:    
Ordinary Shares, $0.00003881 par value, 1,288,327,750 authorized, 64,684,187 and 63,601,015 shares issued and outstanding at June 30, 2024 and December 31, 2023, respectively 3 2
Capital in excess of par value 706,943 693,841
Accumulated other comprehensive income (3,614) (1,435)
Accumulated deficit (623,293) (554,231)
Total Shareholders' Equity 80,039 138,177
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 266,651 $ 326,744