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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 43,835 $ 56,307
Marketable securities 39,213 46,613
Accounts receivable net of allowance for credit losses of $1,230 and $1,230, respectively 19,120 19,179
Other receivables 3,106 2,526
Inventory 866 866
Prepaid expenses and other current assets 2,087 2,401
Land held for sale 11,282 11,282
Total current assets 119,509 139,174
Property, plant, and equipment, net 211,568 203,919
Operating lease right-of-use asset 3,437 3,735
Intangible assets, net 65 73
Deferred tax assets 563 621
Other long-term assets 13,835 30,505
Total assets 348,977 378,027
Current liabilities    
Accounts payable 3,176 2,921
Accrued expenses 6,922 2,779
Operating lease liabilities, current 334 323
Notes payable, short-term 1,730 3,772
Other liabilities, current 410 2,754
Total current liabilities 12,572 12,549
Earnout liability 24 2,486
Canadian Government Research and Development Program liability 14,422 14,399
Common stock warrants liability 1,788 4,566
Notes payable, long-term 1,730 1,730
Operating lease liabilities 3,770 3,858
Other liabilities, long-term 63 74
Total liabilities 34,369 39,662
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 March 31, 2025 and December 31, 2024 0 0
Common stock, $0.0001 par value, 1,000,000,000 shares authorized; 149,506,676 and 148,574,227, issued and outstanding as of March 31, 2025 and December 31, 2024, respectively (including 3,000,000 of Sponsor Vesting Shares) 15 15
Additional paid-in capital 395,475 393,186
Accumulated deficit (64,568) (38,127)
Accumulated other comprehensive loss (16,314) (16,709)
Total stockholders’ equity 314,608 338,365
Total liabilities and stockholders’ equity $ 348,977 $ 378,027