XML 23 R6.htm IDEA: XBRL DOCUMENT v2.3.0.15
Condensed Consolidated Statement of Cash Flows (Unaudited) (USD $)
In Thousands
9 Months Ended51 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Cash flows from operating activities   
Net loss$ (49,114)$ (36,257)$ (115,438)
Adjustments to reconcile net loss to cash used in operating activities:   
Depreciation and amortization1,6841,1434,221
Stock based compensation4,7876146,048
Non cash compensation from warrants issued on common stock 298298
Beneficial conversion feature expense related to convertible promissory note 10,00010,000
Derivative fair value adjustments6,9142,4499,279
Accrued Interest  534
Amortization of debt discount and fees 567300
Changes in other operating assets and liabilities   
Prepaid expenses and other current assets(944)(54)(848)
Accounts payable(2,311)(695)(1,433)
Accrued liabilities1,3861841,985
Net cash used in operating activities(37,598)(21,751)(85,054)
Cash flows from investing activities   
Purchases of property, plant and equipment(104,107)(9,771)(138,622)
Purchases of intangible assets  (427)
Restricted cash  (100)
Net cash used in investing activities(104,107)(9,771)(139,149)
Cash flows from financing activities   
Proceeds from issuance of convertible promissory note to stockholder  15,000
Proceeds from equipment loans 1,0006,000
Payments on equipment loans(397)(1,248)(2,975)
Proceeds from business loans 7,0007,000
Payments on business loans(189)(359)(1,108)
Proceeds from stock option/warrant exercises12622169
Proceeds from issuance of common stock in initial public offering, net of expenses148,647 148,647
Borrowings under the Mississippi Development Authority loan39,391 39,391
Net cash provided by financing activities242,578101,415376,508
Effect of exchange rate on cash and cash equivalents (58)(82)
Net increase in cash and cash equivalents100,87369,835152,223
Cash and cash equivalents   
Beginning of period51,3505,176 
End of period152,22375,011152,223
Supplemental disclosure of noncash investing and financing activities:   
Accrued purchase of property, plant and equipment4,3771,907 
Convertible preferred stock warrants issued in connection with loan amendments300665 
Common stock warrants issue in connection with compensation arrangements 298298
Conversion of convertible promissory note to stockholder into Series B convertible preferred stock 15,000 
Conversion of Series A, A-1, B, and C convertible preferred stock into Class A and Class B common stock134,384  
Conversion of convertible preferred stock warrants into Class A and Class B common stock warrants10,399  
Financing of Insurance Premium436  
Imputed interest on Mississippi Development Authority loan17,232  
Series A Convertible Preferred Stock
   
Cash flows from financing activities   
Proceeds from issuance of convertible preferred stock  4,360
Series A-1 Convertible Preferred Stock
   
Cash flows from financing activities   
Proceeds from issuance of convertible preferred stock  10,024
Series B Convertible Preferred Stock
   
Cash flows from financing activities   
Proceeds from issuance of convertible preferred stock 95,00095,000
Series C Convertible Preferred Stock
   
Cash flows from financing activities   
Proceeds from issuance of convertible preferred stock$ 55,000 $ 55,000