XML 10 R2.htm IDEA: XBRL DOCUMENT v3.25.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 192,039 $ 220,882
Restricted cash 394 394
Accounts receivable, net of allowances of $893 and $1,265 77,355 109,104
Inventories 56,739 47,551
Prepaid expenses and other current assets 17,359 31,517
Total current assets 343,886 409,448
Property, plant and equipment, net 179,282 459,276
Operating lease right-of-use assets 19,103 20,854
Finance lease right-of-use assets 5,934  
Other long-term assets 6,771 5,566
Total assets 554,976 895,144
Current liabilities:    
Accounts payable 39,931 44,361
Accrued expenses 16,681 36,495
Deferred revenue 2,645 2,199
Finance obligation for sale and leaseback transactions 3,929 4,028
Operating lease liabilities 3,339 3,279
Finance lease liabilities 1,408  
Long term debt - current portion 13,500 19,750
Total current liabilities 81,433 110,112
Revolving line of credit 28,956 42,131
Long term debt 95,416 94,961
Finance obligation for sale and leaseback transactions long-term 8,353 10,087
Operating lease liabilities long-term 22,305 23,148
Finance lease liabilities long-term 3,679  
Total liabilities 240,142 280,439
Commitments and contingencies (Note 10)
Stockholders’ equity:    
Preferred stock, $0.00001 par value per share; 5,000,000 shares authorized, no shares issued and outstanding at March 31, 2025 and December 31, 2024
Common stock, $0.00001 par value per share; 250,000,000 shares authorized, 82,174,358 and 82,040,468 shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively 0 0
Additional paid-in capital 1,276,310 1,274,932
Accumulated deficit (961,476) (660,227)
Total stockholders’ equity 314,834 614,705
Total liabilities and stockholders’ equity $ 554,976 $ 895,144