XML 20 R6.htm IDEA: XBRL DOCUMENT v3.6.0.2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 12 Months Ended
Dec. 31, 2016
Dec. 26, 2015
Dec. 27, 2014
Cash flows from operating activities:      
Net loss $ (23,031,145) $ (14,843,067) $ (28,670,789)
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation and amortization 993,621 2,138,982 3,002,014
Accretion of premium or discount on marketable debt securities 130,032 168,217 53,437
Stock-based compensation 2,425,326 3,145,479 4,827,772
Net gain on investment transactions (1,034,396) (9,206,919) 0
Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property 0 180,715 0
Losses in unconsolidated affiliates 0 0 102,305
Goodwill and Intangible Asset Impairment   0 0
Gain (Loss) on Disposition of Assets 0 0 (283,333)
Deferred income taxes 1,451,858 (75,000) (230,725)
Foreign Currency Transaction Gain (Loss), before Tax 711,356 (455,614) (96,819)
Gain (Loss) on Disposition of Property Plant Equipment (7,700,522)    
Asset Impairment Charges 0 0 1,319,287
Change in allowance for bad debt (17,000) (112,500) 63,340
Change in warranty reserves 677,330 1,560,259 489,332
Extended Product Warranty Accrual, Preexisting Increase (Decrease) 0 (200,000) 0
Changes in assets and liabilities:      
Accounts receivable (39,629) 2,850,942 (1,286,407)
Inventory (1,527,602) (8,484) (1,520,824)
Prepaid expenses and other current assets 48,295 (207,421) 191,367
Accounts payable and accrued expenses 1,163,586 (2,632,385) 1,829,591
Billings in excess of revenue earned (425,805) 777,247 38,790
Net cash used in operating activities (26,174,695) (16,919,549) (19,604,996)
Cash flows from investing activities:      
Proceeds from sale of marketable debt securities 50,835,253 38,055,759 39,801,276
Purchase of marketable debt securities (51,828,988) (22,835,740) (19,867,896)
Proceeds from Sale and Maturity of Other Investments 1,034,396 9,206,919 0
Proceeds from Sale of Machinery and Equipment 0 0 250,000
Payments to Acquire Business Three, Net of Cash Acquired 15,000,000 0 0
Proceeds from sale of property and plant (8,106,819) 0 0
Other assets 80,793 (1,772) (38,134)
Capital expenditures (394,897) (1,122,808) (1,489,986)
Net cash provided by investing activities 22,833,376 23,302,358 18,655,260
Cash flows from financing activities:      
Treasury stock purchases 0 0 (298,619)
Proceeds from exercise of stock options and warrants 0 86,047 137,813
Settlements of restricted stock for tax withholding obligations (510,596) (1,072,385) (975,869)
Net cash used in financing activities (510,596) (986,338) (1,136,675)
Effect of exchange rate changes on cash (93,479) (264,383) (34,454)
Net decrease in cash and equivalents (3,945,394) 5,132,088 (2,120,865)
Cash and equivalents:      
Beginning of year 19,767,889 14,635,801 16,756,666
End of year 15,822,495 19,767,889 14,635,801
Supplemental schedule of noncash investing activities:      
Income Taxes Paid, Net 723,000 50,000 (18,000)
Construction in progress included in accrued expenses $ 0 $ 0 $ 373,000