Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.10.0.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 133,714 $ 128,273
Accounts receivable 1,498 583
Accounts receivable due from related parties 1,316 1,377
Prepaids and other 3,906 3,458
Total current assets 140,434 133,691
Property, plant and equipment, net 130,580 115,856
Deferred engineering costs 69,000 18,000
Non-current restricted cash 49,875 0
Other non-current assets 18,659 9,276
Total assets 408,548 276,823
Current liabilities:    
Accounts payable 11,597 11,462
Accrued liabilities 41,173 39,101
Other current liabilities 0 1,735
Total current liabilities 52,770 52,298
Senior secured term loan 57,048 0
Asset retirement obligation 796 638
Total long-term liabilities 57,844 638
Commitments and contingencies (Note 8)  
Stockholders’ equity:    
Preferred stock, $0.01 par value, 100,000,000 authorized: 6,123,782 and zero shares outstanding, respectively 61 0
Common stock, $0.01 par value, 400,000,000 authorized: 240,655,607 and 222,749,220 shares outstanding, respectively 2,195 2,043
Additional paid-in capital 749,537 549,958
Accumulated deficit (453,859) (328,114)
Total stockholders’ equity 297,934 223,887
Total liabilities and stockholders’ equity $ 408,548 $ 276,823