v3.24.3
Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2024
Dec. 31, 2023
Current Assets:    
Cash and cash equivalents $ 253,019,000 $ 50,409,000
Restricted cash 783,000 19,300,000
Accounts receivable 6,244,000 1,001,000
Digital assets 0 2,284,000
Prepaid expenses and other current assets 17,810,000 24,022,000
Total Current Assets 277,856,000 97,016,000
Property, plant and equipment, net 550,432,000 585,431,000
Operating lease right-of-use assets 74,733,000 7,844,000
Other noncurrent assets 18,830,000 21,865,000
Total Assets 921,851,000 712,156,000
Current Liabilities:    
Accounts payable 6,504,000 154,751,000
Accrued expenses and other current liabilities 31,726,000 179,636,000
Deferred revenue 9,944,000 9,830,000
Operating lease liabilities, current portion 7,486,000 77,000
Finance lease liabilities, current portion 2,380,000 19,771,000
Notes payable, current portion 17,941,000 124,358,000
Contingent value rights, current portion 533,000 0
Total Current Liabilities 76,514,000 488,423,000
Operating lease liabilities, net of current portion 65,335,000 1,512,000
Finance lease liabilities, net of current portion 4,000 35,745,000
Convertible and other notes payable, net of current portion 474,596,000 684,082,000
Contingent value rights, net of current portion 6,458,000 0
Warrant liabilities 1,017,299,000 0
Other noncurrent liabilities 11,040,000 0
Total liabilities not subject to compromise 1,651,246,000 1,209,762,000
Liabilities subject to compromise 0 99,335,000
Total Liabilities 1,651,246,000 1,309,097,000
Commitments and contingencies (Note 9)
Stockholders’ Deficit:    
Preferred stock; $0.00001 par value; 2,000,000 and nil shares authorized at September 30, 2024 and December 31, 2023, respectively; none issued and outstanding at September 30, 2024 and December 31, 2023 0 0
Common stock; $0.00001 par value; 10,000,000 shares authorized at September 30, 2024 and December 31, 2023; 279,821 and 386,883 shares issued and outstanding at September 30, 2024 and December 31, 2023, respectively 3,000 36,000
Additional paid-in capital 2,740,279,000 1,823,260,000
Accumulated deficit (3,469,677,000) (2,420,237,000)
Total Stockholders’ Deficit (729,395,000) (596,941,000)
Total Liabilities and Stockholders’ Deficit $ 921,851,000 $ 712,156,000

Source

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