XML 17 R5.htm IDEA: XBRL DOCUMENT v3.25.2
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows used in operating activities:    
Net loss $ (23,496) $ (33,930)
Adjustments to reconcile net loss for the period to net cash used in operating activities:    
Non-cash interest expense, including accelerated amortization of original issue discount and issuance costs 6,076 12,396
Depreciation and amortization 1,032 1,183
Stock-based compensation 1,164 1,479
Asset retirement obligation adjustments and accretion expense 666 4,491
Gain on sale of assets, net (68) (5,060)
Other non-cash items (484) 495
Changes in operating assets and liabilities:    
Accounts payable, accrued expenses, and other liabilities (3,208) (1,109)
Receivables 97 307
Supplies inventories, net 30 52
Prepaids and deposits (527) (635)
Net cash used in operating activities (18,718) (20,331)
Cash flows (used in) provided by investing activities:    
Proceeds from sale of assets 68 1,717
Additions to property, plant, and equipment (397) (449)
Net cash (used in) provided by investing activities (329) 1,268
Cash flows provided by (used in) financing activities:    
Proceeds from issuance of common stock, net of issuance costs (exclusive of $294 accrued issuance costs) 40,784 10,053
Principal payments (25) (38,057)
Net cash provided by (used in) financing activities 40,759 (28,004)
Net increase (decrease) in cash, cash equivalents, and restricted cash 21,712 (47,067)
Cash, cash equivalents, and restricted cash, beginning of period 77,057 132,550
Cash, cash equivalents, and restricted cash, end of period 98,769 85,483
Reconciliation of cash, cash equivalents, and restricted cash:    
Cash and cash equivalents 68,768 58,548
Restricted cash 30,001 26,935
Total cash, cash equivalents, and restricted cash $ 98,769 $ 85,483