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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 167,622 $ 220,882
Restricted cash 410 394
Accounts receivable, net of allowances of $1,150 and $1,265 76,167 109,104
Inventories 52,115 47,551
Prepaid expenses and other current assets 14,153 31,517
Total current assets 310,467 409,448
Property, plant and equipment, net 156,271 459,276
Assets held for sale 26,500  
Operating lease right-of-use assets 18,318 20,854
Finance lease right-of-use assets 5,627  
Other long-term assets 7,949 5,566
Total assets 525,132 895,144
Current liabilities:    
Accounts payable 27,004 44,361
Accrued expenses 15,564 36,495
Deferred revenue 624 2,199
Finance obligation for sale and leaseback transactions 4,094 4,028
Operating lease liabilities 3,315 3,279
Finance lease liabilities 1,445  
Long term debt - current portion 26,000 19,750
Total current liabilities 78,046 110,112
Revolving line of credit 28,989 42,131
Long term debt 77,265 94,961
Finance obligation for sale and leaseback transactions long-term 7,266 10,087
Operating lease liabilities long-term 21,494 23,148
Finance lease liabilities long-term 3,304  
Total liabilities 216,364 280,439
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 June 30, 2025 and December 31, 2024
Common stock, $0.00001 par value per share; 250,000,000 shares authorized, 82,253,282 and 82,040,468 shares issued and outstanding at June 30, 2025 and December 31, 2024, respectively 0 0
Additional paid-in capital 1,279,300 1,274,932
Accumulated deficit (970,532) (660,227)
Total stockholders’ equity 308,768 614,705
Total liabilities and stockholders’ equity $ 525,132 $ 895,144