Annual report pursuant to Section 13 and 15(d)

PREPAID EXPENSES AND OTHER CURRENT ASSETS

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PREPAID EXPENSES AND OTHER CURRENT ASSETS
 12 Months Ended
Dec. 31, 2022
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
PREPAID EXPENSES AND OTHER CURRENT ASSETS
NOTE 3 — PREPAID EXPENSES AND OTHER CURRENT ASSETS
    Prepaid expenses and other current assets consist of the following (in thousands):
December 31,
2022 2021
Prepaid expenses $ 2,174  $ 605 
Deposits 172  2,268 
Restricted cash 9,375  — 
Derivative asset, net - current (Note 7)
 10,463  8,693 
Other current assets 1,171  1,386 
Total prepaid expenses and other current assets $ 23,355  $ 12,952 
Deposits
Margin deposits posted with a third-party financial institution related to our financial instrument contracts were approximately $0.1 million and $2.1 million as of December 31, 2022 and December 31, 2021, respectively.
Restricted Cash
Restricted cash as of December 31, 2022 consists of approximately $9.4 million held in escrow under the terms of the purchase and sale agreement for the acquisition of certain natural gas assets in the Haynesville Shale. See Note 4, Property, Plant and Equipment, for further information.