v3.24.1.1.u2
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
CURRENT ASSETS:    
Cash and cash equivalents $ 45,824 $ 54,439
Digital currency 2,018 1,801
Prepaid expenses 3,973 4,540
Other receivables 1,668 1,001
Other current assets 873 806
Total current assets 54,356 62,587
Equity in net assets of investee 91,866 98,613
Property, plant and equipment, net 237,889 205,284
Right-of-use asset 10,691 10,943
Other assets 586 679
TOTAL ASSETS 395,388 378,106
CURRENT LIABILITIES:    
Accounts payable 14,313 15,169
Accrued construction liabilities 938 1,526
Other accrued liabilities 5,494 9,179
Share based liabilities due to related party 0 2,500
Other amounts due to related parties 975 972
Current portion of operating lease liability 49 48
Insurance premium financing payable 983 1,803
Current portion of long-term debt 99,360 123,465
Total current liabilities 122,112 154,662
Operating lease liability, net of current portion 886 899
Long-term debt 47 56
TOTAL LIABILITIES 123,045 155,617
Commitments and Contingencies (See Note 12)
STOCKHOLDERS' EQUITY:    
Preferred stock, $0.001 par value, $100,000,000 authorized at March 31, 2024 and December 31, 2023; $9,566 issued and outstanding at March 31, 2024 and December 31, 2023; aggregate liquidation preference of $11,709 and $11,423 at March 31, 2024 and December 31, 2023, respectively 9,273 9,273
Common stock, $0.001 par value, $400,000,000 authorized at March 31, 2024 and December 31, 2023; $302,921,785 and $276,733,329 issued and outstanding at March 31, 2024 and December 31, 2023, respectively 303 277
Additional paid-in capital 532,238 472,834
Accumulated deficit (269,471) (259,895)
Total stockholders' equity 272,343 222,489
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 395,388 $ 378,106

Source

HTML PDF
ZIP