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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 104,302 $ 464,715
Restricted cash and cash equivalents 4,284 1,224
Accounts receivable, net 33,381 17,974
Inventory 71,847 62,588
Prepaid expenses and other current assets 51,244 25,911
Total current assets 265,058 572,412
Restricted cash and cash equivalents 13,026 28,026
Long-term deposits 16,153 14,954
Property, plant and equipment, net 230,876 503,416
Intangible assets, net 1,364 85,860
Investment in affiliate 55,432 57,062
Goodwill 0 5,238
Other assets 14,268 7,889
Total assets 596,177 1,274,857
Current liabilities    
Accounts payable 53,412 44,133
Accrued expenses and other current liabilities 182,391 207,022
Debt and finance lease liabilities, current 9,595 8,950
Total current liabilities 245,398 260,105
Long-term debt and finance lease liabilities, net of current portion 192,700 269,279
Operating lease liabilities 8,356 4,765
Other long-term liabilities 42,301 21,534
Total liabilities 488,755 555,683
Commitments and contingencies (Note 13)
Stockholders' equity    
Preferred stock, $0.0001 par value, 150,000,000 shares authorized, no shares issued and outstanding as of December 31, 2024 and 2023 0 0
Common stock, $0.0001 par value, 1,000,000,000 and 1,600,000,000 shares authorized as of December 31, 2024 and 2023, respectively, 115,639,591 and 44,336,100 shares issued and outstanding as of December 31, 2024 and 2023, respectively (1) [1] 12 4
Additional paid-in capital 4,136,586 3,790,401
Accumulated deficit (4,029,298) (3,071,069)
Accumulated other comprehensive loss 122 (162)
Total stockholders' equity 107,422 719,174
Total liabilities and stockholders' equity $ 596,177 $ 1,274,857
[1] Shares issued and outstanding have been adjusted to reflect the one-for-thirty (1-for-30) reverse stock split that became effective on June 24, 2024. See Note 1, Basis of Presentation.