TRANSACTION WITH ZHEN FA NEW ENERGY (U.S.) CO., LTD. AND ZHENFA ENERGY GROUP CO., LTD. (Tables)

9 Months Ended

Sep. 30, 2014

TRANSACTION WITH ZHEN FA NEW ENERGY (U.S.) CO., LTD. AND ZHENFA ENERGY GROUP CO., LTD.

Schedule of cash and cash equivalents and capitalization on an actual basis and as adjusted basis

	As Of September, 30, 2014
				Adjustments
	Actual Basis			Share Issuance		Special Dividend			Transaction Expenses			As Adjusted
	(unaudited, in thousands, except share data)
Cash and cash equivalents	$	22,780		$	18,264	$	(22,545	)	$	(895	)	$	17,604
Total debt	$	—		$	—	$	—		$	—		$	—
Stockholders’ equity
Preferred stock, $0.01 par value, 20,000,000 shares authorized; no shares issued and outstanding	$	—		$	—	$	—		$	—		$	—
Common stock, $0.01 par value, 200,000,000 shares authorized; 26,527,607 shares issued and 26,523,885 shares outstanding	$	264		$	276	$	—		$	—		$	540
Treasury stock, at cost	$	(57	)	$	—	$	—		$	—		$	(57	)
Additional paid-in capital	$	210,602		$	21,388	$	—		$	(2,500	)	$	229,490
Accumulated deficit	$	(132,612	)	$	—	$	(22,545	)	$	—		$	(155,157	)
Accumulated other comprehensive income	$	(3,288	)	$	—	$	—		$	—		$	(3,288	)
Total stockholders’ equity	$	74,909										$	71,528
Common Shares:
Authorized	200,000,000			—		—			—			200,000,000
Issued	26,527,607			27,632,130		—			—			54,159,737		(1)
Outstanding	26,523,885			27,632,130		—			—			54,156,015		(1)

(1)Does not take into account the completion of a reverse stock split, if any.