CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2025	Dec. 31, 2024
Current Assets:
Cash and cash equivalents	$ 6,704	$ 4,272
Prepaid and other current assets	620	591
Total Current Assets	7,324	4,863
Property, plant and equipment, at cost:
Property, plant and equipment	140,241	138,581
Less: Accumulated depreciation	(1,016)	(713)
Net property, plant and equipment	139,225	137,868
Operating lease right-of-use assets	152	217
Finance lease right-of-use assets	11	14
Other long-term assets	3,786	3,395
Total Assets	150,498	146,357
Current Liabilities:
Accounts payable	7,247	9,517
Series A-1 Convertible Notes	5,000
Accrued liabilities	1,935	2,105
Operating lease liability, current	143	134
Finance lease liability, current	6	6
Total Current Liabilities	14,331	11,762
Operating lease liability, net of current	13	86
Finance lease liability, net of current	6	9
Other long-term liabilities	1,378	1,378
Total Liabilities	15,728	13,235
Commitments and Contingencies (see note 13)
Stockholders' Equity:
Common Stock, 200,000,000 shares authorized, $0.001 par value Issued shares - 78,439,226 and 64,830,081, respectively Outstanding shares - 78,439,065 and 64,829,920, respectively	78	65
Paid-in capital	515,181	507,001
Accumulated deficit	(380,231)	(373,686)
Less: Treasury stock (161 shares), at cost	(258)	(258)
Total Stockholders' Equity	134,770	133,122
Total Liabilities and Stockholders' Equity	$ 150,498	$ 146,357

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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- Definition

Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).