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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 19,212 $ 4,502
Accounts receivable 1,581 904
Inventories 2,756 2,106
Prepaid expenses and other current assets 993 508
Total current assets 24,542 8,020
Property, plant, equipment and water programs, net 87,045 87,217
Long-term deposit/prepaid expenses 420 420
Goodwill 5,714 5,714
Right-of-use asset 2,254 431
Long-term restricted cash 134 134
Other assets 5,398 5,438
Total assets 125,507 107,374
Current liabilities:    
Accounts payable 2,700 1,245
Accrued liabilities 2,108 1,170
Current portion of long-term debt 171 182
Dividend payable 1,265 1,288
Contingent consideration liabilities 1,450 1,450
Deferred revenue 723 373
Operating lease liabilities 157 127
Total current liabilities 8,574 5,835
Long-term debt, net 54,229 37,711
Long-term lease obligations with related party, net 23,452 22,877
Long-term operating lease liabilities 1,974 318
Deferred revenue 625 625
Other long-term liabilities 42 41
Total liabilities 88,896 67,407
Commitments and contingencies (Note 10)
Stockholders’ equity:    
Preferred stock 1 1
Common stock - $.01 par value; 85,000,000 shares authorized at March 31, 2024 and December 31, 2023; shares issued and outstanding – 67,283,574 at March 31, 2024 and 66,710,795 at December 31, 2023 671 665
Additional paid-in capital 683,903 679,150
Accumulated deficit (647,965) (639,850)
Total stockholders’ equity 36,611 39,967
Total liabilities and stockholders’ deficit 125,507 107,374
Series A Preferred Stock [Member]    
Current liabilities:    
Dividend payable 1,270  
Stockholders’ equity:    
Preferred stock $ 1 $ 1