Deposits and Other Assets

9 Months Ended

Sep. 30, 2023

Other Assets, Noncurrent [Abstract]

Deposits and Other Assets

12. Deposits and Other Assets

The following table sets forth the components of the Company’s deposits and other assets (in thousands) as of:

	September 30, 2023		December 31, 2022
Deposits (1)	$	166	$	276
Prepaid feedstock (2)		680		934
Equity interest (3)		1,500		1,500
Exclusivity fees (4)		583		2,522
Deposits receivable (5)		695		—
Other assets, net (6)		8,135		8,460
Total deposits and other assets	$	11,759	$	13,692

(1) Deposits for services and products.

(2) Prepaid feedstock fees, non-current, for the production of RNG.

(3) The Company directly holds a 4.3% interest in the Series A Preferred Stock of Zero6 Clean Energy Assets, Inc. (“Zero6”), formerly Juhl Clean Energy Assets, Inc., which is not a publicly listed entity with a readily determinable fair value. The Company therefore measures the securities at cost. Recent observable equity raises indicated no impairment issues. This ownership interest is also pledged as collateral against two future obligations to Rock County Wind Fuel, LLC (“RCWF”), a Zero6 subsidiary, see Note 17, Commitments and Contingencies, for additional information.

(4) Axens will provide certain alcohol-to-SAF technologies and services exclusively provided to the Company which may be offset against future license fees subject to the delivery of a process design package.

(5) Reimbursable deposits with ZEDI for the design, development and construction of the wind and hydrogen power generation facilities for NZ1.

(6) Payments which were allocated to the non-lease fuel supply, primarily related to sand separation systems, to support NW Iowa RNG fuel supply agreements prior to commencement of operations, being amortized over the life of the project.