XML 17 R5.htm IDEA: XBRL DOCUMENT v3.7.0.1
Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Operating Activities    
Net loss $ (5,934) $ (3,605)
Adjustments to reconcile net loss to net cash used in operating activities:    
(Gain) from change in fair value of derivative warrant liability (3,226) (5,248)
Loss from change in fair value of the 2017 Notes 339 836
Loss on exchange or conversion of debt 964  
(Gain) on extinguishment of warrant liability (33)  
Stock-based compensation 128 358
Depreciation and amortization 1,676 1,621
Non-cash interest expense 80 1,057
Changes in operating assets and liabilities:    
Accounts receivable (82) 523
Inventories (720) 500
Prepaid expenses and other current assets (11) (278)
Accounts payable, accrued expenses, and long-term liabilities (1,228) (1,268)
Net cash used in operating activities (8,047) (5,504)
Investing Activities    
Acquisitions of property, plant and equipment (673) (2,247)
Net cash used in investing activities (673) (2,247)
Financing Activities    
Payments on secured debt (9,616) (84)
Debt and equity offering costs (205) (589)
Proceeds from issuance of common stock and common stock warrants 11,044  
Proceeds from the exercise of warrants 2 65
Net cash provided (used) by financing activities 1,225 (608)
Net decrease in cash and cash equivalents (7,495) (8,359)
Cash and cash equivalents    
Beginning of period 27,888 17,031
End of period 20,393 8,672
Supplemental disclosures of cash and non-cash investing and financing transactions    
Cash paid for interest, net of interest capitalized 1,616 1,503
Non-cash purchase of property, plant and equipment 461 2,049
Exchange of convertible debt into common stock 8,177  
Accrued offering costs 73 $ 59
Fair value of warrants at issuance and upon exercise, net $ 5,503