XML 27 R2.htm IDEA: XBRL DOCUMENT v3.25.1
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 82,553 $ 74,292
Restricted cash 14,141 14,070
Loan commitment assets - related party 0 21,731
Accounts receivable, net 7,145 3,038
Inventory 40,315 32,826
Vendor deposits 21,938 17,419
Contract assets, current 13,049 13,096
Prepaid expenses 1,275 938
Grant receivable, net 4,082 2,283
Other current assets 1,003 219
Total current assets 185,501 179,912
Property, plant and equipment, net 43,955 45,660
Intangible assets, net 216 240
Goodwill 4,331 4,331
Operating lease right-of-use asset, net 2,561 2,909
Long-term restricted cash 15,000 15,000
Other assets, net 11,719 12,266
Total assets 263,283 260,318
Current liabilities:    
Accounts payable 24,286 16,723
Accrued expenses 21,655 22,032
Operating lease liability, current 1,919 1,879
Long-term debt, current 1,472 2,014
Contract liabilities, current 39,684 22,039
Other current liabilities 1,679 288
Total current liabilities 90,695 64,975
Long-term liabilities:    
Operating lease liability 1,168 1,628
Long-term debt 66,215 65,823
Notes payable - related party 257,827 249,059
Interest payable - related party 3,324 0
Contract liabilities, long-term 3,729 4,310
Other liabilities 65 69
Total long-term liabilities 603,887 777,110
Total liabilities 694,582 842,085
COMMITMENTS AND CONTINGENCIES (NOTE 16)
SHAREHOLDERS' DEFICIT    
Common stock, $0.0001 par value, 600,000,000 shares authorized, 227,049,683 and 221,791,205 shares outstanding on March 31, 2025 and December 31, 2024, respectively 23 23
Additional paid in capital 647,863 534,726
Accumulated deficit (1,546,580) (1,561,716)
Total shareholders' deficit (942,183) (1,070,463)
Total liabilities, preferred stock and shareholders' deficit 263,283 260,318
Series B Preferred Stock    
Long-term liabilities:    
SERIES B PREFERRED STOCK (NOTE 3) - related party 510,884 488,696
Nonrelated Party    
Long-term liabilities:    
Warrants liability 124,766 189,591
SHAREHOLDERS' DEFICIT    
Accumulated other comprehensive income (loss) 1 (6)
Related Party    
Current liabilities:    
Accounts payable 345  
Long-term liabilities:    
Warrants liability 146,793 266,630
SHAREHOLDERS' DEFICIT    
Accumulated other comprehensive income (loss) $ (43,490) $ (43,490)