XML 43 R6.htm IDEA: XBRL DOCUMENT v3.21.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities    
Net loss $ (32,714) $ (6,577)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation and amortization 7,838 959
Non-cash lease expense 3,233  
Loss on sale of assets 190  
Amortization of debt discount and debt issuance costs 1,616 502
Deferred income taxes (5,473)  
Stock option and warrant-based compensation 1,555 492
Impairment 3,616 240
Non-cash interest expense 4,552  
Change in fair value of embedded derivative liability 171  
Bad debt expense (recovery) 140 (37)
Realized gain on derivative liability (11)  
Gain on conversion of accounts payable to common stock (186) (94)
Gain on extinguishment of convertible promissory notes   (928)
Gain on conversion of convertible promissory notes to common stock   (625)
Common stock issued for services - related party 25  
Common stock issued for interest 35  
Warrant expenses   172
Other   25
Changes in assets and liabilities    
Accounts receivable (723) (4,162)
Accounts receivable - related party 41  
Alternative fuels tax credit receivable (2,144) 380
Due from related party (135)  
Other assets (1,388) (314)
Accounts payable 1,521 70
Accounts payable - related party (45) 77
Accrued expenses 5,923 2,321
Accrued interest - related party 559 482
Operating lease liabilities (3,374)  
Net cash used in operating activities (15,178) (6,783)
Cash flows from investing activities    
Acquisitions, net of cash acquired (19,482) (186)
Purchases of equipment (3,070) (18)
Proceeds from sale of assets 196 34
Net cash used in investing activities (22,356) (170)
Cash flows from financing activities    
Line-of-credit, net   (105)
Proceeds from sale of common stock and warrants 11,400 2,500
Proceeds from issuance of debt 30,130 4,005
Payments of principal on debt (10,815) (248)
Proceeds from sale-leaseback 913  
Proceeds from issuance of debt - related party 400  
Payments of principal on debt - related party (512) (1,163)
Payments on fuel advance (88) (19)
Advances from factoring arrangements 163,496 4,100
Payments on factoring arrangements (153,836)  
Debt issuance costs (678) (525)
Payments on finance lease liability (908)  
Payments on related party advances (324)  
Payments to related parties   (46)
Net cash provided by financing activities 39,178 8,499
Net increase in cash 1,644 1,546
Cash - beginning of year 1,630 84
Cash - end of year 3,274 1,630
Supplemental disclosures of cash flow information:    
Income tax paid 8  
Interest paid 4,610 716
Supplemental schedule of non-cash investing and financing activities:    
Fair value of common stock and redeemable common stock issued for acquisitions 8,553 415
Debt issued to sellers for acquisitions 6,430 2,800
Fixed assets acquired with debt issuance 234  
Common stock for settlement of accounts payable - related party 119 150
Common stock for settlement of accounts payable 10 36
Common stock for settlement of note payable 48  
Conversion of related party notes payable to common stock   156
Fair value of warrants and common stock issued in connection with Antara financing arrangement 8,061  
Assignment of related party receivable to repay related party debt 402  
Common stock and warrants issuable for purchase of equipment $ 3,474  
Debt discount related to secured convertible promissory notes   3,294
Redeemable Series A Preferred Stock [Member]    
Adjustments to reconcile net loss to net cash used in operating activities    
Stock issued for services   234
Bridge Notes [Member]    
Supplemental schedule of non-cash investing and financing activities:    
Issuance of common stock for exchange of bridge notes and interest – related party   1,425
Issuance of common stock for exchange of bridge notes and interest   $ 453