XML 19 R3.htm IDEA: XBRL DOCUMENT v3.25.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 17,292,000 $ 4,502,000
Accounts receivable 4,586,000 904,000
Inventories 3,020,000 2,106,000
Prepaid expenses and other current assets 888,000 508,000
Total current assets 25,786,000 8,020,000
Property, plant, equipment and water programs, net 88,362,000 87,217,000
Long-term deposit/prepaid expenses 420,000 420,000
Goodwill 5,714,000 5,714,000
Right-of-use asset 3,746,000 431,000
Long-term restricted cash 134,000 134,000
Other assets 10,332,000 5,438,000
Total assets 134,494,000 107,374,000
Current liabilities:    
Accounts payable 2,261,000 1,245,000
Accrued liabilities 7,997,000 1,170,000
Current portion of long-term debt 120,000 182,000
Dividend payable 1,288,000 1,288,000
Contingent consideration liabilities 1,200,000 1,450,000
Short-term deferred revenue 1,226,000 373,000
Operating lease liabilities 314,000 127,000
Total current liabilities 14,406,000 5,835,000
Long-term debt, net 56,708,000 37,711,000
Long-term lease obligations with related party, net 25,275,000 22,877,000
Long-term operating lease liabilities 3,473,000 318,000
Long-term deferred revenue 625,000 625,000
Other long-term liabilities 46,000 41,000
Total liabilities 100,533,000 67,407,000
Stockholders' equity:    
Preferred stock 1,000 1,000
Common stock - $0.01 par value; 100,000,000 shares authorized at December 31, 2024, and 85,000,000 authorized at December 31, 2023; shares issued and outstanding: 75,353,889 at December 31, 2024, and 66,710,795 at December 31, 2023 752,000 665,000
Additional paid-in capital 709,303,000 679,150,000
Accumulated deficit (676,096,000) (639,850,000)
Total stockholders' equity 33,961,000 39,967,000
Total liabilities and stockholders' equity 134,494,000 107,374,000
Series A Preferred Stock [Member]    
Stockholders' equity:    
Preferred stock $ 1,000 $ 1,000