Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 78,297 $ 64,615
Accounts receivable 4,500 5,006
Accounts receivable due from related parties 0 1,316
Prepaid expenses and other current assets 2,105 11,298
Total current assets 84,902 82,235
Property, plant and equipment, net 61,257 153,040
Deferred engineering costs 110,499 106,425
Non-current restricted cash 3,440 3,867
Other non-current assets 32,897 36,755
Total assets 292,995 382,322
Current liabilities:    
Accounts payable 23,573 21,048
Accounts payable due to related parties (Note 7) 910 0
Accrued and other liabilities 22,003 33,003
Borrowings 72,819 78,528
Total current liabilities 119,305 132,579
Borrowings 38,275 58,121
Other non-current liabilities 26,325 25,337
Total long-term liabilities 64,600 83,458
Commitments and contingencies (Note 11)
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, 800,000,000 and 400,000,000 authorized: 354,315,739 and 242,207,522 shares outstanding, respectively 3,309 2,211
Additional paid-in capital 922,042 769,639
Accumulated deficit (816,322) (605,626)
Total stockholders’ equity 109,090 166,285
Total liabilities and stockholders’ equity $ 292,995 $ 382,322