v3.24.3
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 23,015 $ 69,473
Restricted cash 2,625 3,439
Loan commitment assets 58,525 0
Accounts receivable, net 3,197 3,387
Inventory, net 25,908 17,070
Vendor deposits 9,332 7,161
Contract assets, current 11,911 6,386
Prepaid expenses 1,074 1,082
Grant receivable 1,506 3,256
Other receivables 7,500 7,500
Other current assets 4,617 3,577
Total current assets 149,210 122,331
Property, plant and equipment, net 51,546 37,855
Intangible assets, net 237 295
Goodwill 4,331 4,331
Operating lease right-of-use asset, net 3,059 4,033
Long-term restricted cash 5,000 11,755
Other assets, net 3,458 5,892
Total assets 216,841 186,492
Current liabilities:    
Accounts payable 24,345 20,540
Accrued expenses 37,765 32,332
Operating lease liability, current 1,719 1,496
Long-term debt, current 2,536 3,332
Contract liabilities, current 8,721 3,070
Other current liabilities 44 100
Total current liabilities 75,130 60,870
Long-term liabilities:    
Operating lease liability 2,010 3,350
Long-term debt 726 88,002
Notes payable - related party 184,167 112,525
Interest payable - related party 3,097 0
Contract liabilities, long-term 3,303 3,540
Other liabilities 76 1,544
Total long-term liabilities 559,398 236,422
Total liabilities 634,528 297,292
COMMITMENTS AND CONTINGENCIES (NOTE 16)
SHAREHOLDERS' DEFICIT    
Common stock, $0.0001 par value, 600,000,000 shares authorized, 217,278,404 and 199,133,827 shares outstanding on September 30, 2024 and December 31, 2023, respectively 23 21
Additional paid in capital 724,449 765,018
Accumulated deficit (1,293,592) (875,846)
Accumulated other comprehensive (loss) income (4,636) 7
Total shareholders' deficit (573,756) (110,800)
Total liabilities, preferred stock and shareholders' deficit 216,841 186,492
Series B Preferred Stock    
Long-term liabilities:    
SERIES B PREFERRED STOCK (NOTE 3) 156,069 0
Nonrelated Party    
Long-term liabilities:    
Warrants liability 98,970 27,461
Related Party    
Long-term liabilities:    
Warrants liability $ 267,049 $ 0