XML 63 R5.htm IDEA: XBRL DOCUMENT v3.19.3
CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Operating activities:    
Net loss $ (31,823) $ (23,976)
Adjustments to reconcile net loss to net cash used in operating activities:    
Share-based compensation 630 783
Stock issued for services 0 22
Depreciation 3,337 3,457
Debt related amortization expense 3,565 6,395
Intangibles and other amortization expense 36 105
Accretion of Series A preferred units 1,509 0
Change in fair value of Stock Appreciation Rights (80) (44)
Changes in operating assets and liabilities:    
Accounts receivable (4,359) 670
Inventories 2,563 (2,588)
Prepaid expenses 384 1,551
Other assets (154) (344)
Accounts payable 3,429 2,999
Accrued interest expense and fees 13,272 8,451
Other liabilities 6,565 (835)
Net cash used in operating activities (1,126) (3,354)
Investing activities:    
Capital expenditures (5,053) (2,498)
Net cash used in investing activities (5,053) (2,498)
Financing activities:    
Proceeds from borrowings 38,203 16,484
Repayments of borrowings (35,722) (12,449)
GAFI proceeds from borrowings 1,043 1,500
GAFI repayments of borrowings (164) 0
GAFI renewal fee payment (530) 0
Grant proceeds received for capital expenditures 1,364 0
Proceeds from Series A preferred units financing 1,725 0
Net cash provided by financing activities 5,919 5,535
Effect of exchange rate changes on cash and cash equivalents (9) (43)
Net cash and cash equivalents for period (269) (360)
Cash and cash equivalents at beginning of period 1,188 428
Cash and cash equivalents at end of period 919 68
Supplemental disclosures of cash flow information, cash paid:    
Cash paid for interest, net of capitalized interest of $231 and $0 for the nine months ended September 30, 2019 and 2018, respectively 1,836 4,700
Income taxes paid 0 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 162 235
TEC debt extension, waiver fees, promissory notes fees added to debt 1,102 4,255
Capital expenditures in accounts payable 1,443 0
Operating lease liabilities arising from obtaining right-of-use assets 1,181 0
Stock Appreciation Rights issued for GAFI Amendment No. 1 added to GAFI debt $ 1,050 $ 1,277