Consolidated Statements of Cash Flows - USD ($)
$ in Thousands |
12 Months Ended |
Dec. 31, 2016 |
Dec. 31, 2015 |
| Operating activities: |
|
|
| Net loss |
$ (25,328)
|
$ (10,780)
|
| Gain (loss) from discontinued operations |
502
|
(972)
|
| Loss from continuing operations |
(25,830)
|
(9,808)
|
| Adjustments to reconcile net loss to net cash used in operating activities - continuing operations: |
|
|
| Depreciation |
424
|
484
|
| Amortization of debt discount and issuance costs |
2,516
|
|
| Share-based compensation expense |
708
|
784
|
| Change in fair value of derivative liabilities and loss on debt extinguishment |
11,395
|
(7,127)
|
| Loss (gain) on sale of assets |
21
|
(160)
|
| Bad debt expense |
26
|
799
|
| Changes in operating assets and liabilities: |
|
|
| Accounts receivable, net |
1,346
|
3,564
|
| Costs in excess of billings on uncompleted contracts |
911
|
1,995
|
| Inventory, net |
549
|
2,588
|
| Deferred costs on uncompleted contracts |
537
|
1,076
|
| Net investment in sales-type leases and other current assets |
97
|
420
|
| Other non-current assets |
(250)
|
(274)
|
| Accounts payable |
(3,217)
|
(4,721)
|
| Accrued liabilities |
22
|
(738)
|
| Billings in excess of costs on uncompleted contracts |
(751)
|
(1,126)
|
| Deferred revenue and other current liabilities |
115
|
(1,834)
|
| Other liabilities |
68
|
(110)
|
| Net cash used in operating activities - continuing operations |
(11,313)
|
(14,188)
|
| Net cash (used in) provided by operating activities - discontinued operations |
(981)
|
1,230
|
| Net cash used in operating activities |
(12,294)
|
(12,958)
|
| Investing activities: |
|
|
| Purchases of property and equipment |
(67)
|
(26)
|
| Proceeds from sale of property and equipment |
17
|
181
|
| Net cash provided by (used in) investing activities |
(50)
|
155
|
| Financing activities: |
|
|
| Proceeds from exercise of warrants and issuance of common stock, net of costs |
5,152
|
15,025
|
| Proceeds from convertible debt, net of costs and amount held in restricted cash |
8,929
|
|
| Proceeds from the issuance of convertible preferred stock, net of costs |
2,228
|
|
| Principal borrowings on revolving line of credit |
18,094
|
46,071
|
| Principal payments on revolving line of credit |
(19,713)
|
(49,646)
|
| Net cash provided by financing activities |
14,690
|
11,450
|
| Net increase (decrease) increase in cash |
2,346
|
(1,353)
|
| Cash at beginning of year |
594
|
1,947
|
| Cash at end of year |
2,940
|
594
|
| Supplemental cash flow information: |
|
|
| Income taxes paid |
19
|
21
|
| Interest paid |
212
|
249
|
| Non-cash items |
|
|
| Change in common stock warrant liability in conjunction with exercise/extinguishment of warrants |
133
|
7,262
|
| Consideration transferred to Elemental Energy, LLC; released 38 shares of class A common stock |
|
1,244
|
| Common stock warrant liability recorded in conjunction with equity funding |
|
12,246
|
| Issuance of Class A common stock to related party for conversion of subordinated debt and accrued interest |
|
$ 4,238
|
| Transfer from accounts payable to other liabilities for amounts paid by insurance carrier |
1,510
|
|
| Transfer of accounts payable to vendor line of credit |
1,675
|
|
| Payment on line of credit in Class A common stock |
167
|
|
| Debt discount arising from warrants issued in conjunction with 2016 Note Offering |
20
|
|
| Interest paid with common stock |
337
|
|
| Embedded derivative liability with 2016 Note Offering |
45
|
|
| Accrued closing costs on the 2016 Note Offering |
$ 25
|
|