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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 55,684 $ 75,502
Marketable securities 76,461 82,761
Accounts receivable and unbilled receivable, net of allowance for credit losses of $730 and $0, respectively 15,460 16,128
Other receivables 4,554 3,449
Inventory 1,057 912
Prepaid expenses and other current assets 8,172 8,360
Total current assets 161,388 187,112
Property, plant, and equipment, net 233,561 243,118
Operating lease right-of-use asset 4,184 4,468
Intangible assets, net 97 121
Deferred tax assets 1,073 1,261
Other long-term assets 30,679 25,754
Total assets 430,982 461,834
Current liabilities    
Accounts payable 1,849 1,858
Accrued expenses 3,349 7,689
Operating lease liabilities, current 305 367
Notes payable, short-term 5,303 1,730
Other liabilities, current 1,085 918
Derivative liability 0 300
Total current liabilities 11,891 12,862
Earnout liability 1,243 1,783
Canadian Government Research and Development Program liability 15,133 7,348
Common stock warrants liability 1,969 1,341
Notes payable, long-term 3,459 3,459
Operating lease liabilities 4,043 4,207
Other liabilities, long-term 2,606 8,327
Total liabilities 40,344 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 June 30, 2024 and December 31, 2023 0 0
Common stock, $0.0001 par value, 1,000,000,000 shares authorized; 147,210,338 and 145,706,531, issued and outstanding as of June 30, 2024 and December 31, 2023, respectively (including 4,500,000 Sponsor Vesting Shares) 15 15
Additional paid-in capital 388,412 382,854
Retained earnings 12,158 45,570
Accumulated other comprehensive loss (9,947) (5,932)
Total stockholders’ equity 390,638 422,507
Total liabilities and stockholders’ equity $ 430,982 $ 461,834