|
Consolidated Statements of Cash Flows (Unaudited) (USD $)
|
6 Months Ended |
3 Months Ended |
9 Months Ended |
|
Sep. 30, 2013
Successor [Member]
|
Apr. 19, 2013
RMG [Member]
|
Apr. 19, 2013
Predecessor [Member]
|
Oct. 31, 2012
Predecessor [Member]
|
| Cash flows from operating activities |
|
|
|
|
| Net income (loss) |
$ (11,436,761) |
$ (7,216,166) |
$ (2,553,556) |
$ 1,849,908 |
| Change in warrant liability |
1,829,333 |
2,733,334 |
|
|
| Non-cash stock issuance |
|
2,200,000 |
|
|
| Cancellation of non-cash stock issuance |
|
(1,200,000) |
|
|
| Stock-based compensation |
557,641 |
|
|
|
| Non-cash consulting expense |
80,000 |
|
|
|
| Interest capitalized as debt |
135,000 |
|
|
|
| Depreciation and amortization |
2,971,620 |
8,139 |
140,293 |
1,026,914 |
| Deferred tax provision (benefit) |
|
|
(12,294) |
45,159 |
| Other non-cash expense (income), net |
|
|
(2,054) |
(6,885) |
| Changes in operating assets and liabilities: |
|
|
|
|
| Accounts receivable |
(2,608,668) |
(335,961) |
2,846,332 |
(202,262) |
| Inventory |
(295,315) |
|
(488,722) |
405,247 |
| Other current assets |
(188,155) |
(38,929) |
(154,529) |
41,146 |
| Other assets, net |
(34,994) |
|
12,572 |
58,940 |
| Accounts payable |
(159,338) |
45,078 |
(2,978,808) |
(137,735) |
| Accrued liabilities |
(1,435,808) |
(358,726) |
(765,937) |
(813,825) |
| Deferred revenue |
378,732 |
|
(372,579) |
23,959 |
| Net cash provided by (used in) operating activities |
(10,206,713) |
(4,163,231) |
(4,329,282) |
2,290,566 |
| Cash flows from investing activities |
|
|
|
|
| Purchases of property and equipment |
(775,055) |
|
(86,470) |
(398,379) |
| Net cash provided by (used in) investing activities |
(984,134) |
(64,486,749) |
(86,470) |
(398,379) |
| Cash flows from financing activities |
|
|
|
|
| Proceeds from Trust Account |
|
80,010,661 |
|
|
| Payment for public shares tendered |
|
(45,512,280) |
|
|
| Proceeds from debt |
|
34,000,000 |
|
|
| Proceeds from stock issuance |
39,115,785 |
5,000,000 |
|
|
| Proceeds from sponsor notes payable |
|
635,000 |
|
|
| Payment of sponsor note payable |
|
(295,000) |
|
|
| Payment of stockholder note payable |
|
(200,000) |
|
|
| Loan origination fees |
249,650 |
(980,000) |
|
|
| Repayments of debt |
(10,943,590) |
|
|
|
| Net cash provided by (used in) financing activities |
28,421,845 |
72,658,381 |
|
|
| Effect of exchange rate changes on cash |
230,758 |
|
(121,144) |
53,442 |
| Net increase (decrease) in cash and cash equivalents |
17,461,756 |
4,008,401 |
(4,536,896) |
1,945,629 |
| Cash and cash equivalents, beginning of period |
10,824,943 |
1,150,269 |
10,203,169 |
3,836,691 |
| Cash and cash equivalents, end of period |
28,286,699 |
5,158,670 |
5,666,273 |
5,782,320 |
| Supplemental disclosures of cash flow information: |
|
|
|
|
| Cash paid during the year for interest |
1,247,465 |
|
2,053 |
25,017 |
| Cash paid during the year for income taxes |
$ 0 |
|
$ 150,000 |
$ 1,294,730 |