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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 31, 2023
Dec. 31, 2022
CURRENT ASSETS:    
Cash and cash equivalents $ 17,046,000 $ 15,217,000
Digital assets 19,000 348,000
Accounts receivable, net of allowance for doubtful accounts of $0 at March 31, 2023 and December 31, 2022 42,000 2,696,000
Prepaid expenses and other assets 4,846,000 6,266,000
Emissions and carbon offset credits 960,000 1,260,000
Income tax receivable 0 798,000
Current assets held for sale 1,833,000 6,473,000
Total current assets 24,746,000 33,058,000
LONG-TERM ASSETS:    
Property and equipment, net 69,800,000 130,417,000
Other long-term assets 448,000 292,000
Total assets 94,994,000 163,767,000
CURRENT LIABILITIES:    
Accounts payable 4,935,000 9,608,000
Accrued emissions expense 5,081,000 6,052,000
Accrued expenses 5,546,000 11,327,000
Short-term environmental liability 1,100,000 600,000
Long-term debt, current portion 5,358,000 67,161,000
Current liabilities held for sale 2,154,000 3,974,000
Total current liabilities 24,174,000 98,722,000
LONG-TERM LIABILITIES:    
Long-term debt, net of current portion and deferred financing fees 85,949,000 84,585,000
Environmental liabilities 26,900,000 27,400,000
Other long-term liabilities 3,595,000 107,000
Total liabilities 140,618,000 210,814,000
COMMITMENTS AND CONTINGENCIES (NOTE 10)
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, 59,798,127 and 46,252,779 shares issued and outstanding as of March 31, 2023 and December 31, 2022, respectively 6,000 5,000
Additional paid-in capital 303,345,000 293,769,000
Cumulative translation adjustment (340,000) (357,000)
Accumulated deficit (348,635,000) (340,464,000)
Total stockholders' equity (45,624,000) (47,047,000)
Total liabilities and stockholders' equity $ 94,994,000 $ 163,767,000