XML 13 R2.htm IDEA: XBRL DOCUMENT v3.24.3
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 56,396 $ 75,502
Marketable securities 56,996 82,761
Accounts receivable and unbilled receivable, net of allowance for credit losses of $730 and $0, respectively 17,919 16,128
Other receivables 5,183 3,449
Inventory 990 912
Prepaid expenses and other current assets 3,909 8,360
Total current assets 141,393 187,112
Property, plant, and equipment, net 222,758 243,118
Operating lease right-of-use asset 3,829 4,468
Intangible assets, net 88 121
Deferred tax assets 860 1,261
Other long-term assets 30,627 25,754
Total assets 399,555 461,834
Current liabilities    
Accounts payable 1,308 1,858
Accrued expenses 3,161 7,689
Operating lease liabilities, current 305 367
Notes payable, short-term 3,772 1,730
Other liabilities, current 93 918
Derivative liability 49 300
Total current liabilities 8,688 12,862
Earnout liability 4,184 1,783
Canadian Government Research and Development Program liability 15,309 7,348
Common stock warrants liability 4,254 1,341
Notes payable, long-term 1,730 3,459
Operating lease liabilities 3,944 4,207
Other liabilities, long-term 2,590 8,327
Total liabilities 40,699 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 September 30, 2024 and December 31, 2023 0 0
Common stock, $0.0001 par value, 1,000,000,000 shares authorized; 145,886,615 and 145,706,531, issued and outstanding as of September 30, 2024 and December 31, 2023, respectively (including 3,000,000 and 4,500,000, respectively, of Sponsor Vesting Shares) 15 15
Additional paid-in capital 390,875 382,854
(Accumulated deficit) retained earnings (24,605) 45,570
Accumulated other comprehensive loss (7,429) (5,932)
Total stockholders’ equity 358,856 422,507
Total liabilities and stockholders’ equity $ 399,555 $ 461,834
Sponsor vesting shares issued (in shares) 3,000,000 4,500,000
Sponsor vesting shares outstanding (in shares) 3,000,000 4,500,000