XML 20 R3.htm IDEA: XBRL DOCUMENT v3.23.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
CURRENT ASSETS:    
Cash and cash equivalents $ 15,217 $ 82,599
Short-term investments 0 496
Digital assets 348 476
Accounts receivable 2,696 237
Prepaid expenses and other assets 6,266 7,484
Emissions and carbon offset credits 1,260 2,361
Income tax receivable 798 0
Current assets held for sale 6,473 6,949
Total current assets 33,058 100,602
LONG-TERM ASSETS:    
Property and equipment, net 130,417 216,012
Deferred tax assets 0 15,058
Other long-term assets 292 1,653
Long-term assets held for sale 0 7,942
Total assets 163,767 341,267
CURRENT LIABILITIES:    
Accounts payable 9,608 5,749
Accrued emissions expense 6,052 2,634
Accrued expenses 11,327 6,683
Short-term environmental liability 600 0
Income taxes payable 0 2,344
Long-term debt, current portion 67,161 19,577
Other short-term liabilities 0 736
Current liabilities held for sale 3,974 4,003
Total current liabilities 98,722 41,726
LONG-TERM LIABILITIES:    
Long-term debt, net of current portion and deferred financing fees 84,585 75,251
Environmental liabilities 27,400 11,306
Other long-term liabilities 107 193
Long-term liabilities held for sale 0 368
Total liabilities 210,814 128,844
COMMITMENTS AND CONTINGENCIES (NOTE 11)
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, 46,252,779 and 40,865,336 shares issued and outstanding as of December 31, 2022 and 2021, respectively 5 4
Cumulative translation adjustment (357) 0
Additional paid-in capital 293,769 281,815
Accumulated deficit (340,464) (69,396)
Total stockholders' equity (47,047) 212,423
Total liabilities and stockholders' equity $ 163,767 $ 341,267