XML 16 R5.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Operating activities:    
Net loss $ (23,976) $ (22,731)
Adjustments to reconcile net loss to net cash used in operating activities:    
Share-based compensation 783 800
Stock issued for services 22 0
Depreciation 3,457 3,471
Debt related amortization expense 6,395 4,112
Intangibles and other amortization expense 105 98
Change in fair value of warrant liability/SARs (44) 3
Changes in operating assets and liabilities:    
Accounts receivable 670 (932)
Inventories (2,588) (2,456)
Prepaid expenses 1,551 89
Other current assets and other assets (344) (41)
Accounts payable 2,999 1,507
Accrued interest expense and fees, net of payments 8,451 8,091
Other liabilities (835) 1,633
Net cash used in operating activities (3,354) (6,356)
Investing activities:    
Capital expenditures (2,498) (681)
Net cash used in investing activities (2,498) (681)
Financing activities:    
Proceeds from borrowings 16,484 13,146
Repayments of borrowings (12,449) (8,889)
GAFI proceeds from borrowings 1,500 2,810
Net cash provided by financing activities 5,535 7,067
Effect of exchange rate changes on cash and cash equivalents (43) 233
Net cash and cash equivalents increase (decrease) for period (360) 263
Cash and cash equivalents at beginning of period 428 1,486
Cash and cash equivalents at end of period 68 1,749
Supplemental disclosures of cash flow information, cash paid:    
Interest paid 4,700 1,875
Income taxes paid 6 6
Supplemental disclosures of cash flow information, non-cash transactions:    
Subordinated debt extension fees added to debt 680 680
Fair value of warrants issued to subordinated debt holders 235 321
Repurchase of common stock added to TEC promissory note 0 451
TEC promissory notes fees added to notes 204 1,169
Senior debt extension and waiver fees added to debt 4,051 4,446
GAFI plant, property & equipment acquired with debt 0 15,431
Payment of TEC bridge loan added to GAFI Revolving loan 0 3,669
Debt exchanged for prepaid interest on GAFI Term loan 0 2,250
Stock Appreciation Rights issued for GAFI Amendment No. 1 $ 1,277 $ 0