PureCycle Technologies Inc
For the period ended Mar 31, 2024. Filed May 8, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 8, 2024
PCT$2.06+23.7%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Balance Sheets as of March 31, 2024 (Unaudited) and December 31, 2023
CONDENSED CONSOLID ATED BALANCE SHEETS
| ASSETS | ||
|---|---|---|
| (Unaudited) | ||
| (in thousands) | March 31, 2024 | December 31, 2023 |
| CURRENT ASSETS | ||
| Cash and cash equivalents | $25,021 | $73,411 |
| Debt securities available for sale | 2,187 | 48,226 |
| Restricted cash – current | 7,566 | 25,692 |
| Prepaid expenses and other current assets | 16,397 | 15,316 |
| Total current assets | 51,171 | 162,645 |
| Restricted cash – non-current | 7,353 | 203,411 |
| Prepaid expenses and other non-current assets | 4,689 | 4,772 |
| Operating lease right-of-use assets | 28,785 | 29,799 |
| Property, plant and equipment, net | 642,017 | 638,746 |
| TOTAL ASSETS | $734,015 | $1,039,373 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| CURRENT LIABILITIES | ||
| Accounts payable | $8,363 | $2,881 |
| Accrued expenses | 29,406 | 35,391 |
| Accrued interest | 2,597 | 8,190 |
| Current portion of long-term debt | 3,204 | 9,148 |
| Total current liabilities | 43,570 | 55,610 |
| NON-CURRENT LIABILITIES | ||
| Deferred revenue | 5,000 | 5,000 |
| Long-term debt, less current portion | 242,937 | 467,708 |
| Related party note payable | 41,452 | 39,696 |
| Warrant liability | 36,003 | 22,059 |
| Operating lease right-of-use liabilities | 26,270 | 27,253 |
| Other non-current liabilities | 1,944 | 1,811 |
| TOTAL LIABILITIES | $397,176 | $619,137 |
| COMMITMENT AND CONTINGENCIES | — | — |
| STOCKHOLDERS' EQUITY | ||
| Common shares - $0.001 par value, 250,000 shares authorized; 164,612 and 164,279 shares issued and outstanding as of March 31, 2024 and December 31, 2023 | 165 | 164 |
| Preferred shares - $0.001 par value, 25,000 shares authorized; 0 shares issued and outstanding as of March 31, 2024 and December 31, 2023 | — | — |
| Additional paid-in capital | 766,519 | 764,344 |
| Accumulated other comprehensive income (loss) | 2 | (32) |
| Accumulated deficit | (429,847) | (344,240) |
| TOTAL STOCKHOLDERS' EQUITY | 336,839 | 420,236 |
| TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY | $734,015 | $1,039,373 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.