v3.24.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
CURRENT ASSETS:    
Cash and cash equivalents $ 54,439 $ 1,279
Restricted cash 0 7,044
Digital currency, net 1,801 183
Prepaid expenses 4,540 5,095
Other receivables 1,001 0
Other current assets 806 543
Total current assets 62,587 14,144
Equity in net assets of investee 98,613 98,741
Property, plant and equipment, net 205,284 191,521
Right-of-use asset 10,943 11,944
Other assets 679 1,337
TOTAL ASSETS 378,106 317,687
CURRENT LIABILITIES:    
Accounts payable 15,169 21,862
Accrued construction liabilities 1,526 2,903
Other accrued liabilities 9,179 14,963
Share based liabilities due to related party 2,500 14,583
Other amounts due to related parties 972 3,295
Contingent value rights 0 10,900
Current portion of operating lease liability 48 42
Insurance premium financing payable 1,803 2,117
Convertible promissory notes 0 3,416
Current portion of long-term debt 123,465 51,938
Total current liabilities 154,662 126,019
Operating lease liability, net of current portion 899 947
Long-term debt 56 72,967
TOTAL LIABILITIES 155,617 199,933
Commitments and Contingencies (See Note 12)
STOCKHOLDERS' EQUITY:    
Preferred stock, $0.001 par value, 100,000,000 and 25,000,000 authorized at December 31, 2023 and 2022, respectively; 9,566 shares issued and outstanding at December 31, 2023 and 2022; aggregate liquidation preference of $11,423 and $10,349 at December 31, 2023 and 2022, respectively. 9,273 9,273
Common stock, $0.001 par value, 400,000,000 and 200,000,000 authorized at December 31, 2023 and 2022, respectively; 276,733,329 and 145,492,971 issued and outstanding at December 31, 2023 and 2022, respectively. 277 145
Additional paid-in capital 472,834 294,810
Accumulated deficit (259,895) (186,474)
Total stockholders' equity 222,489 117,754
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 378,106 $ 317,687

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