Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.19.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 104,005 $ 133,714
Accounts receivable 3,345 1,498
Accounts receivable due from related parties 1,316 1,316
Prepaid expenses and other current assets 7,244 3,906
Total current assets 115,910 140,434
Property, plant and equipment, net 161,279 130,580
Deferred engineering costs 86,591 69,000
Non-current restricted cash 17,968 49,875
Other non-current assets 35,607 18,659
Total assets 417,355 408,548
Current liabilities:    
Accounts payable 7,258 11,597
Accrued and other liabilities 36,378 41,173
Senior secured term loan 56,651 0
Total current liabilities 100,287 52,770
Senior secured term loan 57,584 57,048
Other non-current liabilities 17,828 796
Total long-term liabilities 75,412 57,844
Commitments and contingencies (Note 8)
Stockholders’ equity:    
Preferred stock, $0.01 par value, 100,000,000 authorized: 6,123,782 and 6,123,782 shares outstanding, respectively 61 61
Common stock, $0.01 par value, 400,000,000 authorized: 242,214,647 and 240,655,607 shares outstanding, respectively 2,210 2,195
Additional paid-in capital 767,863 749,537
Accumulated deficit (528,478) (453,859)
Total stockholders’ equity 241,656 297,934
Total liabilities and stockholders’ equity $ 417,355 $ 408,548