XML 12 R2.htm IDEA: XBRL DOCUMENT v3.23.3
Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 66,106,000 $ 107,858,000
Restricted cash 0 490,000
Marketable securities 123,430,000 215,464,000
Accounts receivable 10,625,000 0
Other receivables 1,852,000 4,346,000
Inventory 821,000 0
Derivative asset 277,000 0
Prepaid expenses and other current assets 6,041,000 3,341,000
Total current assets 209,152,000 331,499,000
Property, plant, and equipment, net 234,117,000 154,183,000
Operating lease right-of-use asset 4,610,000 2,779,000
Intangible assets, net 129,000 160,000
Other long-term assets 23,033,000 5,079,000
Total assets 471,041,000 493,700,000
Current liabilities    
Accounts payable 4,991,000 10,384,000
Accrued expenses 7,071,000 8,414,000
Operating lease liability, current 404,000 619,000
Deferred income 1,374,000 0
Other liabilities, current 2,896,000 51,000
Derivative liability 0 344,000
Total current liabilities 16,736,000 19,812,000
Earnout liability 3,629,000 42,533,000
Canadian Government Research and Development Program liability 7,169,000 7,185,000
Assumed common stock warrants liability 3,434,000 30,872,000
Notes payable 3,459,000 5,847,000
Operating lease liability 4,270,000 2,249,000
Other liabilities, long-term 8,257,000 8,297,000
Total liabilities 46,954,000 116,795,000
Commitments and contingencies (See Note 19)
STOCKHOLDERS’ EQUITY    
Preferred stock, $0.0001 par value, 10,000,000 shares authorized; no shares issued and outstanding as of September 30, 2023 and December 31, 2022 0 0
Common stock, $0.0001 par value, 1,000,000,000 shares authorized; 144,198,529 and 143,034,225, issued and outstanding as of September 30, 2023 and December 31, 2022, respectively (including 4,500,000 Sponsor Vesting Shares) 14,000 14,000
Additional paid-in capital 380,295,000 371,072,000
Retained earnings 56,008,000 21,772,000
Accumulated other comprehensive loss (12,230,000) (15,953,000)
Total stockholders’ equity 424,087,000 376,905,000
Total liabilities and stockholders’ equity $ 471,041,000 $ 493,700,000