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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 3,326 $ 4,502
Accounts receivable 3,243 904
Inventories 4,346 2,106
Prepaid expenses and other current assets 1,090 508
Total current assets 12,005 8,020
Property, plant, equipment and water programs, net 86,760 87,217
Long-term deposit/prepaid expenses 420 420
Goodwill 5,714 5,714
Right-of-use asset 2,186 431
Long-term restricted cash 134 134
Other assets 5,334 5,438
Total assets 112,553 107,374
Current liabilities:    
Accounts payable 1,787 1,245
Accrued liabilities 1,987 1,170
Current portion of long-term debt 138 182
Dividend payable 1,265 1,288
Contingent consideration liabilities 1,450 1,450
Deferred revenue 2,032 373
Operating lease liabilities 186 127
Total current liabilities 8,845 5,835
Long-term debt, net 55,699 37,711
Long-term lease obligations with related party, net 24,665 22,877
Long-term operating lease liabilities 1,976 318
Deferred revenue 625 625
Other long-term liabilities 44 41
Total liabilities 91,854 67,407
Commitments and contingencies (Note 10)
Stockholders’ equity:    
Preferred stock 1 1
Common stock - $.01 par value; 100,000,000 shares authorized at September 30, 2024 and 85,000,000 authorized at December 31, 2023; shares issued and outstanding – 68,096,161 at September 30, 2024 and 66,710,795 at December 31, 2023 679 665
Additional paid-in capital 686,201 679,150
Accumulated deficit (666,183) (639,850)
Total stockholders’ equity 20,699 39,967
Total liabilities and stockholders’ deficit 112,553 107,374
Series A Preferred Stock [Member]    
Current liabilities:    
Dividend payable 1,270  
Stockholders’ equity:    
Preferred stock $ 1 $ 1