XML 30 R6.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Cash flows from operating activities:    
Net loss $ (13,557) $ (10,421)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 846 831
Amortization 428 536
Stock-based compensation expense 158 409
Bad debt expense 5,145 88
Provision for obsolete inventory   142
Provision for warranty   162
Amortization of loan fees   90
Amortization of warrant cost to interest expense   94
Loss (gain) on sales of fixed assets 7 (15)
Change in deferred taxes (173) 31
Provision for losses on contracts 85  
Impairment charge   5,890
Operating expense (income) from solar system subject to financing obligation (1,059) (839)
Other non-cash activity (11)  
Changes in operating assets and liabilities:    
Accounts receivable 9,401 15,836
Accounts receivable, related party 3,945 (3,692)
Notes receivable (29,347)  
Costs and estimated earnings in excess of billing on uncompleted contracts 8,990 (13,618)
Costs and estimated earnings in excess of billing on uncompleted contracts, related party   360
Construction in process 15,993 (16,329)
Inventories 405 4,235
Prepaid expenses and other assets (1,150) (3,141)
Accounts payable (3,970) 12,844
Accounts payable, related party (346) (9,184)
Income taxes payable 72 (102)
Billings in excess of costs and estimated earnings on uncompleted contracts (4,111) 196
Billings in excess of costs and estimated earnings on uncompleted contracts, related party (49) (2,804)
Accrued liabilities and other liabilities (2,344) 3,582
Net cash used in operating activities (10,642) (14,819)
Cash flows from investing activities:    
Proceeds from repayment on notes receivable 275 2,286
Issuance of notes receivable (1,320) (9,431)
Proceeds from disposal or sale of fixed assets 13 424
Proceeds from sale of asset held for sale   1,500
Acquisitions of property, plant and equipment (195) (1,033)
Net cash from investing activities (1,227) (6,254)
Cash flows from financing activities:    
Proceeds from line of credit and loans payable 2,666 22,939
Proceeds from sale leaseback   6,284
(Increase) decrease in restricted cash 20 415
Cash distributions in connection with the transfer of entities under common control   (251)
Principal payments on loans payable and capital lease obligations (7,538) (12,320)
Net cash from financing activities (4,852) 17,067
Effect of exchange rate changes on cash (198) (142)
Decrease in cash and cash equivalents (16,919) (4,148)
Cash and cash equivalents at beginning of period 17,823 24,523
Cash and cash equivalents at end of period 904 20,375
Supplemental cash flow information:    
Cash paid for interest 1,420 939
Cash paid for income taxes 165 214
Non-cash activities:    
Debt forgiveness from related party 2,602  
Acquisition of an entity under common control financed with stock   6,031
Assignment of loan associated with asset held for sale   $ 4,153