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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 7,502 $ 15,682
Accounts receivable 96 49
Prepaid expenses and other current assets 635 386
Total current assets 8,233 16,117
Property, plant, equipment and water programs, net 52,682 49,947
Long-term deposit/prepaid expenses 2,000 2,000
Equity-method investments 2,347 729
Goodwill 3,813 3,813
Other assets 4,299 4,118
Total assets 73,374 76,724
Current liabilities:    
Accounts payable 438 194
Accrued liabilities 863 4,536
Current portion of long-term debt 54 31
Warrant derivative liabilities 1,727 0
Other liabilities 26 44
Total current liabilities 3,108 4,805
Long-term debt, net 75,225 137,565
Long-term lease obligations, net 16,807 15,707
Deferred revenue 750 750
Other long-term liabilities 0 15
Total liabilities 95,890 158,842
Stockholders’ deficit:    
Preferred stock - $.01 par value; 100,000 shares authorized at September 30, 2020 and December 31, 2019; shares issued – 10,000 at September 30, 2020 and 0 at December 31, 2019 1 0
Common stock - $.01 par value; 70,000,000 shares authorized at September 30, 2020 and December 31, 2019; shares issued and outstanding – 35,401,834 at September 30, 2020 and 28,480,567 at December 31, 2019 353 285
Additional paid-in capital 508,527 419,194
Accumulated deficit (531,397) (501,597)
Total stockholders’ deficit (22,516) (82,118)
Total liabilities and stockholders’ deficit $ 73,374 $ 76,724