XML 41 R2.htm IDEA: XBRL DOCUMENT v3.2.0.727
CONSOLIDATED CONDENSED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 3,325 $ 332
Accounts receivable 2,143 1,262
Inventories 5,427 4,491
Prepaid expenses 961 1,392
Other current assets 403 456
Total current assets 12,259 7,933
Property, plant and equipment, net 73,376 75,810
Goodwill 968 968
Intangible assets, net of accumulated amortization of $284 and $264, respectively 1,496 1,536
Other assets 3,052 2,929
Total assets 91,151 89,176
Current liabilities:    
Accounts payable 8,208 8,339
Current portion of long term debt 6,399 6,032
Short term borrowings 8,382 6,714
Mandatorily redeemable Series B convertible preferred stock 2,690 2,641
Other current liabilities 4,294 3,590
Total current liabilities 29,973 27,316
Long term liabilities:    
Senior secured notes 57,375 57,648
EB-5 notes 21,685 1,534
Other long term 5,800 5,650
Total long term liabilities 84,860 64,832
Stockholders' deficit:    
Series B convertible preferred stock, $0.001 par value; 7,235 authorized; 1,458 and 1,665 shares issued and outstanding each period, respectively (aggregate liquidation preference of $4,374 and $4,995, respectively) 1 2
Common stock, $0.001 par value; 40,000 authorized; 19,473 and 20,650 shares issued and outstanding, respectively 19 21
Additional paid-in capital 81,349 87,080
Accumulated deficit (102,043) (87,113)
Accumulated other comprehensive loss (3,008) (2,962)
Total stockholders' deficit (23,682) (2,972)
Total liabilities and stockholders' deficit $ 91,151 $ 89,176