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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
Sep. 30, 2024
Dec. 31, 2023
CURRENT ASSETS:    
Cash and cash equivalents, including restricted cash $ 7,570,000 $ 13,312,000
Digital assets 3,845,000  
Digital assets   347,000
Accounts receivable 1,212,000 358,000
Prepaid expenses and current other assets 1,776,000 3,864,000
Emissions and carbon offset credits 5,474,000 5,694,000
Income tax receivable 946,000 857,000
Total current assets 20,823,000 24,432,000
LONG-TERM ASSETS:    
Property and equipment, net 30,396,000 45,095,000
Other long-term assets 1,477,000 1,652,000
Long-term assets held for sale 7,184,000 0
Total assets 59,880,000 71,179,000
CURRENT LIABILITIES:    
Accounts payable 2,557,000 3,495,000
Accrued emissions expense 6,146,000 10,520,000
Accrued expenses 4,171,000 6,116,000
Short-term environmental liability 1,613,000 363,000
Contract liability 2,200,000 0
Current liabilities held for sale 314,000 483,000
Total current liabilities 17,001,000 20,977,000
LONG-TERM LIABILITIES:    
Long-term debt, net of deferred financing fees 69,535,000 68,710,000
Environmental liabilities 28,616,000 29,866,000
Other long-term liabilities 2,777,000 2,650,000
Total liabilities 117,929,000 122,203,000
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, 10,671,337 and 9,131,252 shares issued and outstanding as of September 30, 2024 and December 31, 2023, respectively 1,000 1,000
Additional paid-in capital 328,129,000 319,992,000
Cumulative translation adjustment (348,000) (345,000)
Common stock subscription receivable 0 (698,000)
Accumulated deficit (385,831,000) (369,974,000)
Total stockholders' deficit (58,049,000) (51,024,000)
Total liabilities and stockholders' deficit $ 59,880,000 $ 71,179,000