Operations And Liquidity

9 Months Ended

Sep. 30, 2011

Operations And Liquidity [Abstract]

Operations And Liquidity

2.Operations and Liquidity

In the past we have sustained recurring losses and negative cash flows from operations. As of September 30, 2011, we had approximately $28.4 million of cash and cash equivalents and $2.3 million of accounts receivable available to fund operations and investing activities. We review cash flow forecasts and budgets periodically. Based on production levels and gross margins from the sale of finished goods and upon working capital and capital expenditures requirements for the Dynamic Fuels plant, we expect to receive partner distributions from Dynamic Fuels at some indeterminate time in the future.

                On November 2, 2011 the Company received a Nasdaq Staff Deficiency Letter, indicating the Company's common stock has closed below the minimum $1.00 per share requirement for continued inclusion under the Marketplace Rule 5500(a)(2),  The Company is provided 180 calendar days, or until April 30, 2012, to regain compliance.  During this 180 day period the Company's shares will continue to trade on the Nasdaq Capital Market.The Nasdaq Capital Market has indicated that if at any time before April 30, 2012, the bid price of the Company's common stock closes at $1.00 per share or more for a minimum of 10 consecutive business days; the Nasdaq Staff will provide written notification that the Company has achieved compliance with the rule. In the event the Company does not regain compliance, the Company may be eligible for additional time.To qualify, the Company will be required to meet the continued listing requirement for market value of publicly held shares and all other initial listing standards for the Nasdaq Capital Market, with the exception of the bid price requirement, and will need to provide written notice of its intention to cure the deficiency during the second compliance period, by effecting a reverse stock split, if necessary.If the Company meets these requirements, the Nasdaq Capital Market will inform the Company that it has been granted an additional 180 calendar days.