v3.23.2
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
CURRENT ASSETS:    
Cash and cash equivalents $ 8,241 $ 1,279
Restricted cash   7,044
Digital currency, net 708 183
Prepaid expenses 3,472 5,095
Other current assets 1,938 543
Total current assets 14,359 14,144
Equity in net assets of investee 111,446 98,741
Property, plant and equipment, net 161,776 191,521
Right-of-use asset 11,443 11,944
Other assets 798 1,337
TOTAL ASSETS 299,822 317,687
CURRENT LIABILITIES:    
Accounts payable 17,303 21,862
Accrued construction liabilities 95 2,903
Other accrued liabilities 7,883 14,963
Share based liabilities due to related party 15,000 14,583
Other amounts due to related parties 3,172 3,295
Contingent value rights 1,302 10,900
Current portion of operating lease liability 45 42
Insurance premium financing payable 352 2,117
Convertible promissory notes   3,416
Current portion of long-term debt 36,532 51,938
Total current liabilities 81,684 126,019
Operating lease liability, net of current portion 924 947
Long-term debt 82,396 72,967
TOTAL LIABILITIES 165,004 199,933
Commitments and Contingencies (See Note 12)
STOCKHOLDERS' EQUITY:    
Preferred stock, $0.001 par value, 100,000,000 and 25,000,000 authorized at June 30, 2023 and December 31, 2022, respectively; 9,566 issued and outstanding at June 30, 2023 and December 31, 2022; aggregate liquidation preference of $10,873 and $10,349 at June 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 June 30, 2023 and December 31, 2022, respectively; 216,055,887 and 145,492,971 issued and outstanding at June 30, 2023 and December 31, 2022, respectively 216 145
Additional paid-in capital 355,600 294,810
Accumulated deficit (230,271) (186,474)
Total stockholders' equity 134,818 117,754
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 299,822 $ 317,687

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