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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 31, 2023
Dec. 31, 2022
ASSETS:    
Cash and cash equivalents $ 6,353,973 $ 13,296,703
Digital currencies 672,852 109,827
Accounts receivable 4,742,092 10,837,126
Inventory 4,700,832 4,471,657
Prepaid insurance 3,541,898 4,877,935
Due from related parties 74,107 73,122
Other current assets 1,354,955 1,975,300
Total current assets 21,440,709 35,641,670
Equipment deposits 5,422,338 10,081,307
Property, plant and equipment, net 158,366,684 167,204,681
Operating lease right-of-use assets 1,581,400 1,719,037
Land 1,748,440 1,748,440
Road bond 211,958 211,958
Security deposits 348,888 348,888
TOTAL ASSETS 189,120,417 216,955,981
LIABILITIES:    
Accounts payable 14,847,939 27,540,317
Accrued liabilities 7,112,648 8,893,248
Financed insurance premiums 2,806,538 4,587,935
Current portion of long-term debt, net of discounts and issuance fees 995,145 17,422,546
Current portion of operating lease liabilities 613,657 593,063
Due to related parties 1,612,515 1,375,049
Total current liabilities 27,988,442 60,412,158
Asset retirement obligation 1,036,575 1,023,524
Warrant liabilities 2,846,548 2,131,959
Long-term debt, net of discounts and issuance fees 58,208,207 57,027,118
Long-term operating lease liabilities 1,067,654 1,230,001
Contract liabilities 277,397 351,490
Total liabilities 91,424,823 122,176,250
Commitments and Contingencies
REDEEMABLE COMMON STOCK:    
Redeemable common stock 15,499,219 11,754,587
STOCKHOLDERS’ EQUITY (DEFICIT):    
Common Stock – Class A; $0.0001 par value; 685,440,000 shares authorized; 41,046,186 and 31,710,217 shares issued and outstanding as of March 31, 2023, and December 31, 2022, respectively. 4,105 3,171
Series C convertible preferred stock; $0.0001 par value; 23,102 shares authorized; 21,572 and 0 shares issued and outstanding as of March 31, 2023, and December 31, 2022, respectively. 2 0
Accumulated deficits (290,848,496) (240,443,302)
Additional paid-in capital 373,040,764 323,465,275
Total stockholders' equity 82,196,375 83,025,144
Total redeemable common stock and stockholders' equity 97,695,594 94,779,731
TOTAL LIABILITIES, REDEEMABLE COMMON STOCK AND STOCKHOLDERS' EQUITY 189,120,417 216,955,981
Common Stock - Class V    
REDEEMABLE COMMON STOCK:    
Redeemable common stock $ 15,499,219 $ 11,754,587