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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
CURRENT ASSETS:    
Cash and cash equivalents, including restricted cash $ 8,619 $ 13,312
Digital assets 6,950  
Digital assets   347
Accounts receivable 1,493 358
Prepaid expenses and current other assets 2,617 3,864
Emissions and carbon offset credits 7,124 5,694
Income tax receivable 0 857
Total current assets 26,803 24,432
LONG-TERM ASSETS:    
Property and equipment, net 30,299 45,095
Other long-term assets 569 1,652
Long-term assets held for sale 7,184 0
Total assets 64,855 71,179
CURRENT LIABILITIES:    
Accounts payable 3,850 3,495
Accrued emissions expense 8,668 10,520
Accrued expenses 4,232 6,116
Short-term environmental liability 250 363
Contract liability 2,339 0
Current liabilities held for sale 0 483
Total current liabilities 19,339 20,977
LONG-TERM LIABILITIES:    
Long-term debt, net of deferred financing fees 68,068 68,710
Environmental liabilities 30,432 29,866
Other long-term liabilities 2,770 2,650
Total liabilities 120,609 122,203
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, 13,025,627 and 9,131,252 shares issued and outstanding as of December 31, 2024 and 2023, respectively 1 1
Cumulative translation adjustment (348) (345)
Additional paid-in capital 334,330 319,992
Common stock subscription receivable 0 (698)
Accumulated deficit (389,737) (369,974)
Total stockholders' deficit (55,754) (51,024)
Total liabilities and stockholders' deficit $ 64,855 $ 71,179