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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 26,277 $ 9,997
Restricted cash 1,265 1,288
Accounts receivable 225 454
Prepaid expenses and other current assets 1,690 696
Total current assets 29,457 12,435
Property, plant, equipment and water programs, net 85,199 84,138
Long-term deposit/prepaid expenses 420 420
Goodwill 5,714 5,714
Right-of-use asset 524 553
Long-term restricted cash 1,232 2,497
Other assets 5,001 5,030
Total assets 127,547 110,787
Current liabilities:    
Accounts payable 1,404 1,107
Accrued liabilities 1,070 1,545
Current portion of long-term debt 131 140
Dividend payable 1,265 1,288
Contingent consideration liabilities 1,450 1,450
Operating lease liabilities 109 109
Total current liabilities 5,429 5,639
Long-term debt, net 36,620 48,950
Long-term lease obligations with related party, net 21,251 20,745
Derivative liabilities 2,220 0
Long-term operating lease liabilities 418 444
Deferred revenue 750 750
Other long-term liabilities 37 36
Total liabilities 66,725 76,564
Commitments and contingencies (Note 10)
Stockholders’ equity:    
Preferred stock 1 1
Common stock - $.01 par value; 70,000,000 shares authorized at March 31, 2023 and December 31, 2022; shares issued and outstanding – 66,541,262 at March 31, 2023 and 55,823,810 at December 31, 2022 663 556
Additional paid-in capital 675,411 636,963
Accumulated deficit (615,254) (603,298)
Total stockholders’ equity 60,822 34,223
Total liabilities and stockholders’ deficit 127,547 110,787
Series A Preferred Stock [Member]    
Stockholders’ equity:    
Preferred stock $ 1 $ 1