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Note 1 - Basis of Presentation and Nature of Operations
12 Months Ended
Dec. 31, 2018
Notes to Financial Statements  
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]
NOTE
1—BASIS
OF PRESENTATION AND NATURE OF OPERATIONS
 
Basis of Presentation
 
These consolidated financial statements reflect the financial statements of STR Holdings, Inc. (“Holdings” or the “Company”) and its subsidiaries on a consolidated basis.
 
The accompanying consolidated financial statements and the related information contained within the notes to the consolidated financial statements have been prepared in accordance with Generally Accepted Accounting Principles (“GAAP”) in the United States of America and applicable rules and regulations of the Securities and Exchange Commission (“SEC”) for financial information and annual reports on the Form 
10
-K.
 
Nature of Operations
 
The Company was incorporated in
1944
as a plastics and industrial materials research and development company and evolved into
two
core businesses: solar encapsulant manufacturing and quality assurance services. The Company currently designs, develops and manufactures encapsulants that protect the embedded semiconductor circuits of solar panels and sells these products to solar module manufacturers worldwide.
 
Liquidity
 
The consolidated financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. Management has evaluated whether relevant conditions or events, considered in the aggregate, indicate that there is substantial doubt about the Company’s ability to continue as a going concern. Substantial doubt exists when conditions and events, considered in the aggregate, indicate it is probable that the Company will be unable to meet its obligations as they become due during the next
12
months. The assessment is based on the relevant conditions that are known or reasonably knowable as of the date of this report.
 
If the Company does
not
generate sufficient cash flows from operations or obtain alternative or additional sources of capital to fund operations, the Company will
not
have sufficient liquidity to satisfy operating expenses, capital expenditures and other cash needs. This raises substantial doubt about the Company’s ability to continue as a going concern.
 
The Company has historically incurred significant losses during its attempts to reduce cash burn, stabilize the existing platform and invest in new areas of growth. As of
December 31, 2018,
the Company had working capital of approximately
$6,011,
no
long-term debt, approximately
$2,000
in outstanding commitments for capital expenditures, and approximately
$5,639
of cash available to fund our operations. In
March 2019,
the Company entered into a term loan in the principal amount of
€2,000
(approx.
$2,294
as of
December 31, 2018)
to provide additional liquidity in support of its packaging initiative. See Note
19.
 
Based on the Company’s projected cash requirements for operations and capital expenditures, its current available cash of approximately
$5,639
and its projected
2019
cash flow pursuant to management’s plans, management believes it will have adequate resources to fund operations and capital expenditures for at least the next
12
months. If we are unable to timely complete our sale of our Malaysia facility, or
in executing our strategic plans, our liquidity and capital resources will be adversely affected and we
may
wind down or cease any or all of our operations. Any wind down or dissolution
may
be a lengthy, complex and costly process and, in such event, there can be
no
assurance that there will be any funds available for distribution to stockholders.