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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 16,235 $ 12,558
Accounts receivable 59 38
Prepaid expenses and other current assets 652 408
Total current assets 16,946 13,004
Property, plant, equipment and water programs, net 46,923 46,619
Long-term deposit/prepaid expenses 2,000 2,000
Goodwill 3,813 3,813
Other assets 4,247 3,873
Total assets 73,929 69,309
Current liabilities:    
Accounts payable 1,038 225
Accrued liabilities 1,053 2,070
Current portion of long-term debt 60 59
Warrant derivative liabilities 865
Other liabilities 965 923
Total current liabilities 3,116 4,142
Long-term debt, net 136,716 136,246
Long-term lease obligations 48 14,411
Deferred revenue 750 750
Other long-term liabilities 48
Total liabilities 155,347 155,549
Stockholders’ deficit:    
Common stock - $.01 par value; 70,000,000 shares authorized at March 31, 2019 and December 31, 2018; shares issued and outstanding – 25,940,052 at March 31, 2019 and 24,654,911 at December 31, 2018 259 247
Additional paid-in capital 397,622 383,521
Accumulated deficit (479,299) (470,008)
Total stockholders’ deficit (81,418) (86,240)
Total liabilities and stockholders’ deficit $ 73,929 $ 69,309