XML 20 R6.htm IDEA: XBRL DOCUMENT v3.7.0.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Operating activities:    
Net income $ 969 $ 382
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, depletion and amortization of asset retirement obligation 1,687 1,632
Gain on disposal of assets (37) (26)
Loss on derivatives   5
Amortization of deferred financing cost 106 37
Accretion of debt discount   74
Deferred income taxes (benefit) 324 (1,700)
Stock-based compensation, net 176 189
Non-cash interest expense on Series A preferred stock   1,500
Changes in assets and liabilities:    
Accounts Receivable (4,101) 4,026
Unbilled Receivables (953) (3,340)
Inventories 4,308 518
Prepaid expenses and other assets (181) 563
Deferred revenue (1,615) (303)
Accounts payable 77 (264)
Accrued and other expenses 2,893 (1,523)
Income taxes payable 191 1,049
Net cash provided by operating activities 3,844 2,819
Investing activities:    
Purchases of property, plant and equipment (1,623) (647)
Proceeds from disposal of assets 14  
Net cash used in investing activities (1,609) (647)
Financing activities:    
Repayments of notes payable (4) (338)
Payments under equipment financing obligations (102) (98)
Payment of deferred financing costs (188) 2
Proceeds from equity issuance 26,251  
Payment of equity transaction costs (2,083)  
Repayment of revolving credit facility   (5,216)
Cash dividend on Series A preferred stock   (1)
Net cash provided by financing activities 23,874 (5,651)
Net increase (decrease) in cash and restricted cash 26,109 (3,479)
Cash and restricted cash at beginning of year 47,534 3,896
Cash and restricted cash at end of year 73,643 417
Supplemental disclosure of cash flow information    
Cash paid for interest 15 1,180
Cash paid for taxes 29 4
Non-cash financing activities:    
Equipment purchased with debt   1,080
Capitalized expenditures in accounts payable and accrued expenses $ 500 $ 1,081