XML 34 R6.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Cash flows from operating activities:    
Net loss $ (3,141) $ (1,096) [1],[2],[3]
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 285 277 [3]
Amortization of intangible assets 143 178 [3]
Stock-based compensation expense 71 98 [3]
Provision for warranty   75 [3]
Amortization of warrant cost to interest expense   18
(Gain) loss on sales of fixed assets (13) (24) [3]
Change in deferred taxes (5) (438) [3]
Non-cash activity related to solar system subject to financing obligation (152) (42) [3]
Other non-cash activity (3) 3
Changes in operating assets and liabilities:    
Accounts receivable (1,352) (4,494) [3]
Accounts receivable, related party 224 2,398 [3]
Costs and estimated earnings in excess of billing on uncompleted contracts (5,987) (1,505) [3]
Costs and estimated earnings in excess of billing on uncompleted contracts, related party   (353) [3]
Construction in process 1,376 (557) [3]
Inventories 127 2,597 [3]
Prepaid expenses and other assets (64) (146) [3]
Accounts payable (2,434) (767) [3]
Accounts payable, related party (83) 3,518 [3]
Income taxes payable (3) (207) [3]
Billings in excess of costs and estimated earnings on uncompleted contracts (2,769) 216 [3]
Billings in excess of costs and estimated earnings on uncompleted contracts, related party (49) (1,158) [3]
Accrued liabilities and other liabilities (72) (262) [3]
Net cash used in operating activities (13,901) (1,671) [3]
Cash flows from investing activities:    
Proceeds from repayment on notes receivable   287 [3]
Issuance of notes receivable (825) (3,432) [3]
Proceeds from disposal or sale of fixed assets 13 409 [3]
Acquisitions for construction of asset held for sale   (64)
Acquisitions of property, plant and equipment (195) (70) [3]
Net cash used in investing activities (1,007) (2,870) [3]
Cash flows from financing activities:    
Proceeds from line of credit and loans payable 2,078 3,919 [3]
(Increase) decrease in restricted cash (94) 97 [3]
Principal payments on loans payable and capital lease obligations (3,177) (5,388) [3]
Net cash used in financing activities (1,193) (1,372) [3]
Effect of exchange rate changes on cash 53 16 [3]
Decrease in cash and cash equivalents (16,048) (5,897) [3]
Cash and cash equivalents at beginning of period 17,823 24,523 [3]
Cash and cash equivalents at end of period 1,775 18,626 [3]
Supplemental cash flow information:    
Cash paid for interest 199 360
Cash paid for income taxes   300
Non-cash activities:    
Acquisition of an entity under common control financed with stock   6,031
Assignment of loan associated with asset held for sale   $ 4,153
[1] As recast to reflect the financial results of SGT, combined with the financial results of Solar Power, Inc. as required under the accounting guidelines for a transfer of an entity under common control (refer to Note 5 -Acquisition of Solar Green Technology ).
[2] As recast to reflect the financial results of SGT combined with the financial results of Solar Power, Inc., as required under the accounting guidelines for a transfer of an entity under common control (see Note 5- Acquisition of Solar Green Technology ).
[3] As recast to reflect the financial results of SGT combined with the financial results of Solar Power, Inc., as required under the accounting guidelines for a transfer of an entity under common control (refer to Note 5 -Acquisition of Solar Green Technology ).