Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

v3.20.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 55,452 $ 64,615
Accounts receivable 3,195 5,006
Accounts receivable due from related parties 1,316 1,316
Prepaid expenses and other current assets 8,145 11,298
Total current assets 68,108 82,235
Property, plant and equipment, net 146,898 153,040
Deferred engineering costs 109,040 106,425
Non-current restricted cash 3,570 3,867
Other non-current assets 36,683 36,755
Total assets 364,299 382,322
Current liabilities:    
Accounts payable 27,022 21,048
Accrued and other liabilities 37,387 33,003
Senior secured term loan 0 78,528
Total current liabilities 64,409 132,579
Borrowings 128,589 58,121
Other non-current liabilities 24,657 25,337
Total long-term liabilities 153,246 83,458
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: 255,462,543 and 242,207,522 shares outstanding, respectively 2,344 2,211
Additional paid-in capital 790,599 769,639
Accumulated deficit (646,360) (605,626)
Total stockholders’ equity 146,644 166,285
Total liabilities and stockholders’ equity $ 364,299 $ 382,322