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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 74,292 $ 69,473
Restricted cash 14,070 3,439
Loan commitment assets - related party 21,731 0
Accounts receivable, net 3,038 3,387
Inventory 32,826 17,070
Vendor deposits 17,419 7,161
Contract assets, current 13,096 6,386
Prepaid expenses 938 1,082
Grant receivable, net 2,283 3,256
Other receivables 0 7,500
Other current assets 219 3,577
Total current assets 179,912 122,331
Property, plant and equipment, net 45,660 37,855
Intangible assets, net 240 295
Goodwill 4,331 4,331
Operating lease right-of-use asset, net 2,909 4,033
Long-term restricted cash 15,000 11,755
Other assets, net 12,266 5,892
Total assets 260,318 186,492
Current liabilities:    
Accounts payable 16,723 20,540
Accrued expenses 22,032 32,332
Operating lease liability, current 1,879 1,496
Long-term debt, current 2,014 3,332
Contract liabilities, current 22,039 3,070
Other current liabilities 288 100
Total current liabilities 64,975 60,870
Long-term liabilities:    
Operating lease liability 1,628 3,350
Long-term debt 65,823 88,002
Notes payable - related party 249,059 112,525
Contract liabilities, long-term 4,310 3,540
Other liabilities 69 1,544
Total long-term liabilities 777,110 236,422
Total liabilities 842,085 297,292
COMMITMENTS AND CONTINGENCIES (NOTE 17)
SHAREHOLDERS' DEFICIT    
Common Stock, $0.0001 par value, 600,000,000 shares authorized, 221,791,205 and 199,133,827 shares outstanding at December 31, 2024 and 2023, respectively 23 21
Additional paid in capital 534,726 765,018
Accumulated deficit (1,561,716) (875,846)
Total shareholders' deficit (1,070,463) (110,800)
Total liabilities, preferred stock and shareholders' deficit 260,318 186,492
Series B Preferred Stock    
Long-term liabilities:    
SERIES B PREFERRED STOCK (NOTE 3) - related party 488,696 0
Related Party    
Long-term liabilities:    
Warrants liability 266,630 0
SHAREHOLDERS' DEFICIT    
Accumulated other comprehensive (loss) income (43,490) 0
Nonrelated Party    
Long-term liabilities:    
Warrants liability 189,591 27,461
SHAREHOLDERS' DEFICIT    
Accumulated other comprehensive (loss) income $ (6) $ 7