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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 56,307 $ 75,502
Marketable securities 46,613 82,761
Accounts receivable and unbilled receivable, net of allowance for credit losses of $1,230 and $0, respectively 19,179 16,128
Other receivables 2,526 3,449
Inventory 866 912
Prepaid expenses and other current assets 2,401 8,360
Land held for sale 11,282 0
Total current assets 139,174 187,112
Property, plant, and equipment, net 203,919 243,118
Operating lease right-of-use asset 3,735 4,468
Intangible assets, net 73 121
Deferred tax assets 621 1,261
Other long-term assets 30,505 25,754
Total assets 378,027 461,834
Current liabilities    
Accounts payable 2,921 1,858
Accrued expenses 2,779 7,689
Operating lease liabilities, current 323 367
Notes payable, short-term 3,772 1,730
Other liabilities, current 2,754 918
Derivative liability 0 300
Total current liabilities 12,549 12,862
Earnout liability 2,486 1,783
Canadian Government Research and Development Program liability 14,399 7,348
Common stock warrants liability 4,566 1,341
Notes payable, long-term 1,730 3,459
Operating lease liabilities 3,858 4,207
Other liabilities, long-term 74 8,327
Total liabilities 39,662 39,327
Commitments and contingencies (See Note 16)
STOCKHOLDERS’ EQUITY    
Preferred stock, $0.0001 par value, 10,000,000 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 shares authorized; 148,574,227 and 145,706,531, issued and outstanding as of December 31, 2024 and 2023, respectively (including 3,000,000 and 4,500,000, respectively, of Sponsor Vesting Shares) 15 15
Additional paid-in capital 393,186 382,854
(Accumulated deficit) retained earnings (38,127) 45,570
Accumulated other comprehensive loss (16,709) (5,932)
Total stockholders’ equity 338,365 422,507
Total liabilities and stockholders’ equity $ 378,027 $ 461,834