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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 5,568 $ 15,682
Accounts receivable 138 49
Prepaid expenses and other current assets 629 386
Total current assets 6,335 16,117
Property, plant, equipment and water programs, net 52,447 49,947
Long-term deposit/prepaid expenses 2,000 2,000
Equity-method investments 1,998 729
Goodwill 3,813 3,813
Other assets 4,339 4,118
Total assets 70,932 76,724
Current liabilities:    
Accounts payable 1,075 194
Accrued liabilities 1,026 4,536
Current portion of long-term debt 17 31
Warrant derivative liabilities 2,037 0
Other liabilities 35 44
Total current liabilities 4,190 4,805
Long-term debt, net 73,739 137,565
Long-term lease obligations, net 16,431 15,707
Deferred revenue 750 750
Other long-term liabilities 2 15
Total liabilities 95,112 158,842
Stockholders’ deficit:    
Preferred stock - $.01 par value; 100,000 shares authorized at June 30, 2020 and December 31, 2019; shares issued – 10,000 at June 30, 2020 and 0 at December 31, 2019 1 0
Common stock - $.01 par value; 70,000,000 shares authorized at June 30, 2020 and December 31, 2019; shares issued and outstanding – 34,797,062 at June 30, 2020 and 28,480,567 at December 31, 2019 347 285
Additional paid-in capital 502,376 419,194
Accumulated deficit (526,904) (501,597)
Total stockholders’ deficit (24,180) (82,118)
Total liabilities and stockholders’ deficit $ 70,932 $ 76,724