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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2022
Dec. 31, 2021
CURRENT ASSETS:    
Cash and cash equivalents $ 28,013,000 $ 82,599,000
Restricted cash 10,500,000 0
Short-term investments 0 496,000
Digital assets 337,000 476,000
Accounts receivable 4,704,000 5,524,000
Prepaid expenses 9,694,000 9,146,000
Emissions and carbon offset credits 1,259,000 2,361,000
Total current assets 54,507,000 100,602,000
LONG-TERM ASSETS:    
Property and equipment, net 246,071,000 217,091,000
Right-of-use assets 222,000 1,472,000
Intangible assets, net 2,841,000 3,537,000
Goodwill 3,062,000 3,062,000
Deferred tax assets 29,000 15,058,000
Other long-term assets 615,000 445,000
Total assets 307,347,000 341,267,000
CURRENT LIABILITIES:    
Accounts payable 4,064,000 5,923,000
Accrued emissions expense 5,226,000 2,634,000
Accrued expenses 15,560,000 10,375,000
Income taxes payable 185,000 2,481,000
Long-term debt, current portion 73,218,000 19,577,000
Lease obligations, current portion 112,000 736,000
Total current liabilities 98,365,000 41,726,000
LONG-TERM LIABILITIES:    
Long-term debt, net of current portion and deferred financing fees 96,515,000 75,251,000
Lease obligations, net of current portion 137,000 193,000
Environmental liabilities 22,415,000 11,306,000
Other long-term liabilities 358,000 368,000
Total liabilities 217,790,000 128,844,000
COMMITMENTS AND CONTINGENCIES (NOTE 13)
STOCKHOLDERS' EQUITY:    
Preferred stock, par value $0.0001, 20,000,000 shares authorized, none outstanding 0 0
Common stock, par value $0.0001, 3,000,000,000 shares authorized, 42,964,462 and 40,865,336 shares issued and outstanding as of September 30, 2022 and December 31, 2021, respectively 4,000 4,000
Additional paid-in capital 290,576,000 281,815,000
Cumulative translation adjustment (139,000) 0
Accumulated deficit (200,884,000) (69,396,000)
Total stockholders' equity 89,557,000 212,423,000
Total liabilities and stockholders' equity $ 307,347,000 $ 341,267,000