Balance Sheet

v3.25.2

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2025	Dec. 31, 2024
Current assets
Cash and cash equivalents	$ 41,534	$ 56,366
Financial investments	201,204	247,012
Other current assets	7,396	8,957
Total current assets	250,138	312,807
Non-current assets
Property, net	4,916	611
Right-of-use asset, net	769	1,096
Deferred income taxes, net	2,637	2,637
Other non-current assets	2,532	1,091
Total non-current assets	10,854	5,435
Total assets	260,992	318,242
Current liabilities
Accounts payable	2,209	1,136
Current portion of long-term debt	543	0
Derivative financial instruments	13,139	6,983
Total current liabilities	90,176	59,343
Non-current liabilities
Long-term debt, net	154,010	132,011
Total non-current liabilities	157,381	134,977
Total liabilities	247,557	194,320
Equity
Common stock, $0.001 par value	298	298
Additional paid-in capital	609,442	606,460
Accumulated deficit	(596,304)	(482,835)
Total equity	13,435	123,922
Total liabilities and equity	260,992	318,242
Related Party [Member]
Current assets
Related party receivables	4	472
Current liabilities
Other current payables	41,660	35,802
Nonrelated Party [Member]
Current liabilities
Other current payables	32,625	15,422
Non-current liabilities
Other non-current payables	$ 3,371	$ 2,966

- Definition

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

Source