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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 75,773 $ 75,502
Marketable securities 70,857 82,761
Accounts receivable and unbilled receivable, net 16,595 16,128
Other receivables 4,234 3,449
Inventory 915 912
Prepaid expenses and other current assets 8,351 8,360
Total current assets 176,725 187,112
Property, plant, and equipment, net 238,184 243,118
Operating lease right-of-use asset 4,310 4,468
Intangible assets, net 108 121
Deferred tax assets 1,123 1,261
Other long-term assets 28,193 25,754
Total assets 448,643 461,834
Current liabilities    
Accounts payable 2,034 1,858
Accrued expenses 5,361 7,689
Operating lease liabilities, current 323 367
Notes payable, short-term 5,303 1,730
Other liabilities, current 973 918
Derivative liability 26 300
Total current liabilities 14,020 12,862
Earnout liability 265 1,783
Canadian Government Research and Development Program liability 15,286 7,348
Common stock warrants liability 692 1,341
Notes payable, long-term 3,459 3,459
Operating lease liabilities 4,123 4,207
Other liabilities, long-term 2,614 8,327
Total liabilities 40,459 39,327
Commitments and contingencies (See Note 15)
STOCKHOLDERS’ EQUITY    
Preferred stock, $0.0001 par value, 10,000,000 shares authorized; no shares issued and outstanding as of March 31, 2024 and December 31, 2023 0 0
Common stock, $0.0001 par value, 1,000,000,000 shares authorized; 146,504,924 and 145,706,531, issued and outstanding as of March 31, 2024 and December 31, 2023, respectively (including 4,500,000 Sponsor Vesting Shares) 15 15
Additional paid-in capital 385,718 382,854
Retained earnings 31,657 45,570
Accumulated other comprehensive loss (9,206) (5,932)
Total stockholders’ equity 408,184 422,507
Total liabilities and stockholders’ equity $ 448,643 $ 461,834