XML 18 R2.htm IDEA: XBRL DOCUMENT v3.24.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 2,667 $ 4,313
Accounts receivable 8,633 1,264
Inventories, net of allowance for excess and obsolete inventory of $1,040 as of December 31, 2023 and 2022 18,291 4,658
Prepaid expenses 3,347 4,248
Other current assets 3,462 3,653
Total current assets 36,400 18,136
Property, plant and equipment, net 195,108 180,441
Operating lease right-of-use assets 2,056 2,449
Other assets 9,842 6,088
Total assets 243,406 207,114
Current liabilities:    
Accounts payable 32,132 26,168
Current portion of long term debt 13,585 12,465
Short term borrowings 23,443 36,754
Current portion of operating lease liability 406 338
Other current liabilities 10,302 8,474
Total current liabilities 84,389 88,281
Long term liabilities:    
Senior secured notes and revolving notes 176,476 155,843
EB-5 notes 29,500 29,500
Other long term debt 51,717 11,678
Financial Instruments Subject to Mandatory Redemption, Settlement Terms, Share Value, Amount, Noncurrent 113,200 116,000
Operating lease liability 1,783 2,189
Other long term liabilities 3,329 5,477
Total long term liabilities 375,994 320,687
Stockholders' deficit:    
Common stock, $0.001 par value; 80,000 authorized; 40,966 and 35,869 shares issued and outstanding each period, respectively 41 36
Additional paid-in capital 264,058 232,546
Accumulated deficit (475,405) (428,985)
Accumulated other comprehensive loss (5,671) (5,452)
Total stockholders' deficit (216,977) (201,854)
Total liabilities and stockholders' deficit 243,406 207,114
Series B Convertible Preferred Stock [Member]    
Stockholders' deficit:    
Series B convertible preferred stock, $0.001 par value; 7,235 authorized; 0 and 1,270 shares issued and outstanding each period, respectively (aggregate liquidation preference of $0 and $3,810 respectively) 0 1
Convertible Series B Preferred Stock Subject to Mandatory Redemption [Member]    
Current liabilities:    
Financial Instruments Subject to Mandatory Redemption, Settlement Terms, Share Value, Amount, Current 4,521 4,082
Convertible Series A Preferred Stock Subject to Mandatory Redemption [Member]    
Long term liabilities:    
Financial Instruments Subject to Mandatory Redemption, Settlement Terms, Share Value, Amount, Noncurrent $ 113,189 $ 116,000