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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
CURRENT ASSETS:    
Cash and cash equivalents, including restricted cash $ 13,312 $ 15,217
Digital assets 347 348
Accounts receivable 358 2,696
Prepaid expenses and current other assets 3,864 6,266
Emissions and carbon offset credits 5,694 1,260
Income tax receivable 857 798
Current assets held for sale 0 6,473
Total current assets 24,432 33,058
LONG-TERM ASSETS:    
Property and equipment, net 45,095 130,417
Other long-term assets 1,652 292
Total assets 71,179 163,767
CURRENT LIABILITIES:    
Accounts payable 3,495 9,608
Accrued emissions expense 10,520 6,052
Accrued expenses 6,116 11,327
Short-term environmental liability 363 600
Long-term debt, current portion 0 67,161
Current liabilities held for sale 483 3,974
Total current liabilities 20,977 98,722
LONG-TERM LIABILITIES:    
Long-term debt, net of current portion and deferred financing fees 68,710 84,585
Environmental liabilities 29,866 27,400
Other long-term liabilities 2,650 107
Total liabilities 122,203 210,814
COMMITMENTS AND CONTINGENCIES (NOTE 10)
STOCKHOLDERS' DEFICIT:    
Preferred stock, par value $0.0001, 20,000,000 shares authorized, none outstanding 0 0
Common stock, par value $0.0001, 500,000,000 shares authorized, 9,131,252 and 4,625,278 1 shares issued and outstanding as of December 31, 2023 and 2022, respectively [1] 1 0
Cumulative translation adjustment (345) (357)
Additional paid-in capital [1] 319,992 293,774
Common stock subscription receivable (698) 0
Accumulated deficit (369,974) (340,464)
Total stockholders' deficit (51,024) (47,047)
Total liabilities and stockholders' deficit $ 71,179 $ 163,767
[1] Retroactively adjusted for the effects of the Reverse Stock Split (see Note 1 — Organization and Description of Business)