XML 19 R3.htm IDEA: XBRL DOCUMENT v3.23.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 9,997,000 $ 10,965,000
Restricted Cash 1,288,000 1,288,000
Accounts receivable 454,000 270,000
Prepaid expenses and other current assets 696,000 691,000
Total current assets 12,435,000 13,214,000
Property, plant, equipment and water programs, net 84,138,000 78,890,000
Long-term deposit/prepaid expenses 420,000 420,000
Equity-method investments 0 976,000
Goodwill 5,714,000 3,813,000
Right-of-use asset 553,000 3,281,000
Long-term restricted cash 2,497,000 7,603,000
Other assets 5,030,000 4,296,000
Total assets 110,787,000 112,493,000
Current liabilities:    
Accounts payable 1,107,000 286,000
Accrued liabilities 1,545,000 808,000
Current portion of long-term debt 140,000 107,000
Dividend payable 1,288,000 1,288,000
Contingent consideration liabilities 1,450,000 0
Operating lease liabilities 109,000 24,000
Total current liabilities 5,639,000 2,513,000
Long-term debt, net 48,950,000 46,477,000
Long-term lease obligations with related party, net 20,745,000 18,855,000
Long-term operating lease liabilities 444,000 3,257,000
Deferred revenue 750,000 750,000
Other long-term liabilities 36,000 32,000
Total liabilities 76,564,000 71,884,000
Stockholders' equity (deficit):    
Preferred stock 1,000 1,000
Common stock - $0.01 par value; 70,000,000 shares Authorized at December 31, 2022 and December 31, 2021; shares issued and outstanding: 55,823,810 at December 31, 2022, and 43,656,169 at December 31, 2021 556,000 436,000
Additional paid-in capital 636,963,000 613,572,000
Accumulated deficit (603,298,000) (573,400,000)
Total stockholders' equity 34,223,000 40,609,000
Total liabilities and stockholders' equity 110,787,000 112,493,000
Series A Preferred Stock [Member]    
Stockholders' equity (deficit):    
Preferred stock $ 1,000 $ 0