v3.23.3
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
CURRENT ASSETS:    
Cash and cash equivalents $ 6,595 $ 1,279
Restricted cash 0 7,044
Digital currency, net 614 183
Prepaid expenses 2,360 5,095
Other receivables 2,723 0
Other current assets 688 543
Total current assets 12,980 14,144
Equity in net assets of investee 105,557 98,741
Property, plant and equipment, net 181,294 191,521
Right-of-use asset 11,194 11,944
Other assets 768 1,337
TOTAL ASSETS 311,793 317,687
CURRENT LIABILITIES:    
Accounts payable 19,422 21,862
Accrued construction liabilities 724 2,903
Other accrued liabilities 6,743 14,963
Share based liabilities due to related party 2,085 14,583
Other amounts due to related parties 1,433 3,295
Contingent value rights 1,366 10,900
Current portion of operating lease liability 46 42
Insurance premium financing payable 199 2,117
Convertible promissory notes 0 3,416
Current portion of long-term debt 76,461 51,938
Total current liabilities 108,479 126,019
Operating lease liability, net of current portion 912 947
Long-term debt 48,468 72,967
TOTAL LIABILITIES 157,859 199,933
Commitments and Contingencies (See Note 12)
STOCKHOLDERS' EQUITY:    
Preferred stock, $0.001 par value, 100,000,000 and 25,000,000 authorized at September 30, 2023 and December 31, 2022, respectively; 9,566 issued and outstanding at September 30, 2023 and December 31, 2022; aggregate liquidation preference of $11,145 and $10,349 at September 30, 2023 and December 31, 2022, respectively 9,273 9,273
Common stock, $0.001 par value, 400,000,000 and 200,000,000 authorized at September 30, 2023 and December 31, 2022, respectively; 232,222,332 and 145,492,971 issued and outstanding at September 30, 2023 and December 31, 2022, respectively 232 145
Additional paid-in capital 393,799 294,810
Accumulated deficit (249,370) (186,474)
Total stockholders' equity 153,934 117,754
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 311,793 $ 317,687

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