Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 64,615 $ 133,714
Accounts receivable 5,006 1,498
Accounts receivable due from related parties 1,316 1,316
Prepaid expenses and other current assets 11,298 3,906
Total current assets 82,235 140,434
Property, plant and equipment, net 153,040  
Property, plant and equipment, net   130,580
Deferred engineering costs 106,425 69,000
Non-current restricted cash 3,867 49,875
Other non-current assets 36,755 18,659
Total assets 382,322 408,548
Current liabilities:    
Accounts payable 21,048 11,597
Accrued and other liabilities 33,003 41,173
Senior secured term loan 78,528 0
Total current liabilities 132,579 52,770
Senior secured term loan 58,121 57,048
Other non-current liabilities 25,337 796
Total long-term liabilities 83,458 57,844
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, 400,000,000 authorized: 242,207,522 and 240,655,607 shares outstanding, respectively 2,211 2,195
Additional paid-in capital 769,639 749,537
Accumulated deficit (605,626) (453,859)
Total stockholders’ equity 166,285 297,934
Total liabilities and stockholders’ equity $ 382,322 $ 408,548