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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2021
Mar. 31, 2021
CURRENT ASSETS:    
Cash and cash equivalents $ 43,448 $ 6,300
Restricted cash 3,007  
Prepaid expenses 1,494 5
Amounts due from related parties 647  
Other current assets 108  
Current assets held for sale 19,348  
Total current assets 68,052 6,305
Equity in net assets of investee 104,280  
Property, plant and equipment, net 91,446  
Right-of-use asset 1,024  
Deposits   23,700
Other assets 109  
TOTAL ASSETS 264,911 30,005
CURRENT LIABILITIES:    
Accounts payable 11,791 38
Accrued construction liabilities 3,892  
Other accrued liabilities 3,771 261
Share based liabilities due to related party 12,500  
Other amounts due to related parties 60 1,440
Contingent value rights 12,000  
Current portion of operating lease liability 88  
Current liabilities held for sale 1,755  
Total current liabilities 45,857 1,739
Operating lease liability, net of current portion 992  
Deferred tax liabilities, net 256  
Long-term debt 94,627  
TOTAL LIABILITIES 141,732 1,739
Commitments and Contingencies (See Note 11)
STOCKHOLDERS' EQUITY:    
Preferred stock, $0.001 par value, 25,000,000 and 20,000,000 authorized at December 31, 2021 and March 31, 2021, respectively; no shares issued and outstanding at December 31, 2021 and March 31, 2021
Common stock, $0.001 par value, 200,000,000 and 100,000,000 authorized at December 31, 2021 and March 31, 2021, respectively; 99,976,253 and 50,000,000 issued and outstanding at December 31, 2021 and March 31, 2021, respectively 100 50
Additional paid-in capital 218,762 29,892
Accumulated deficit (95,683) (1,676)
Total stockholders' equity 123,179 28,266
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 264,911 $ 30,005