XML 20 R2.htm IDEA: XBRL DOCUMENT v3.25.0.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 56,903 $ 92,687
Restricted cash included in funds held by trustee 4,628 3,639
Accounts receivable, net of expected credit losses of $923 as of December 31, 2024 and $511 as of December 31, 2023 20,878 22,206
Contract asset, net 0 1,417
Inventory 3,975 6,786
Prepaid expenses and deposits 17,314 17,387
Derivative instrument asset 0 2,277
Deferred costs of fulfillment, current portion 101,467 95,649
Income taxes recoverable 217 709
Total current assets 205,382 242,757
Deferred costs of fulfillment, long-term portion 15,508 15,419
Investments 2,012 2,012
Restricted cash included in secured notes reserve funds 11,707 8,652
Property and equipment, net 331,049 339,644
Right of use assets 35,640 27,467
Contract costs 2,333 2,581
Total net book value 24,755 29,484
Balances 130,410 130,410
Total Assets 758,796 798,426
Current liabilities:    
Accounts payable 9,009 12,676
Accrued liabilities 31,227 35,356
Customer deposits 16,660 19,335
Derivative instrument liability 1,270 0
Operating lease liability, current portion 5,150 5,397
Contract liabilities, current portion 135,649 126,733
Accreditation fees payable 623 609
Income taxes payable 263 1,235
Total current liabilities 199,851 201,341
Contract liabilities, long-term portion 21,155 21,350
Operating lease liability, long-term portion 25,899 18,255
Syndicated revolver 194,426 210,354
Notes payable 287,646 222,895
Deferred tax liability 2,963 2,966
Stockholders' equity (deficit)    
Share capital 36,581 34,373
Additional paid-in capital 19,241 14,072
Accumulated deficit (150,158) (40,298)
Accumulated other comprehensive income (loss) (964) 1,728
Total Equity (95,300) 9,875
Total Liabilities and Equity 758,796 798,426
Series A Preferred Units [Member]    
Current liabilities:    
Total Redeemable preferred units $ 122,156 $ 111,390