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Accrued and Other Expenses
12 Months Ended
Dec. 31, 2016
Payables And Accruals [Abstract]  
Accrued and Other Expenses

8. Accrued and Other Expenses

Accrued and other expenses were comprised of the following:

 

 

 

December 31,

 

 

 

2016

 

 

2015

 

Employee related expenses

 

$

955

 

 

$

216

 

Accrued construction

 

 

19

 

 

 

917

 

Accrued legal expenses

 

 

22

 

 

 

99

 

Accrued professional fees

 

 

350

 

 

 

139

 

Accrued freight and delivery charges

 

 

383

 

 

 

162

 

Accrued revolving credit facility interest

 

 

 

 

 

701

 

Derivative Liability

 

 

 

 

 

455

 

Other accrued liabilities

 

 

701

 

 

 

1,089

 

Total accrued liabilities

 

$

2,430

 

 

$

3,778

 

 

From time to time, the Company enters into fixed-price purchase obligations to purchase propane or natural gas (which are used in its production operations). The contracts specify the quantity of propane or natural gas to be delivered over a specified period of time and at a specified fixed price. The Company has historically concluded that these obligations are precluded from recognition in its consolidated financial statements in accordance with the normal sales and normal purchases exclusion as provided in ASC 815 “Derivatives and Hedging”. However, as the Company did not take physical delivery under a fixed-price propane agreement entered into during 2015, the Company accounted for this agreement under derivative accounting. As of December 31, 2015 the liability for this agreement was marked to market and was settled in February 2016 for $460. The settlement is presented as part of the change in accrued and other expenses in operating activities on the consolidated statement of cash flows.