Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited)

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CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 4,156 $ 24,948
Accounts receivable, net 3,339
Inventory 9,457 13,639
Prepaid expenses and other current assets 8,335 9,181
Total current assets 25,287 47,768
Property and equipment, net 43,247 94,028
Intangible assets, net 120 9,743
Goodwill 965
Operating lease right-to-use assets 692 824
Other non-current assets 961 1,129
Total assets 70,307 154,457
Current liabilities:    
Accounts payable 10,406 3,782
Accrued expenses and other current liabilities 8,540 12,482
Term loan payable, short term 2,820 2,350
Lease liability, short term 277 270
Total current liabilities 22,043 18,884
     
Term loan payable, long term 5,668 6,561
Lease liability, long term 493 632
Total liabilities 28,204 48,932
Stockholders’ equity:    
Preferred stock, $0.001 par value; 5,000,000 shares authorized, 0 shares designated as of both June 30, 2024, and December 31, 2023; 0 shares issued and outstanding - as of both June 30, 2024 and December 31, 2023
Common stock, $0.001 par value; 1,000,000,000 shares authorized; 9,832,587 and 2,077,088 shares issued and outstanding as of June 30, 2024, and December 31, 2023, respectively and 2,074 shares to be issued as of December 31, 2023 10 3
Additional paid in capital 736,709 706,412
Accumulated deficit (694,373) (600,658)
Accumulated other comprehensive loss (243) (232)
Total stockholders’ equity 42,103 105,525
Total liabilities and stockholders’ equity 70,307 154,457
Series C Warrant [Member]    
     
Warrant liabilities 14,595
Series D Warrant [Member]    
     
Warrant liabilities $ 8,260