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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)
9 Months Ended
Sep. 30, 2018
USD ($)
Sep. 30, 2017
USD ($)
Cash flows from operating activities    
Net income (loss) $ (1,940,129) $ (7,953,156)
Adjustments to reconcile net loss to cash provided by (used in) operating activities    
Stock based compensation expense 494,779 460,475
Depreciation and amortization 5,234,014 4,942,911
(Gain) loss on sale of assets (51,523) 13,806
(Increase) decrease in fair value of derivative warrant liability 2,124,971 (2,676,902)
Loss on commodity derivative contracts 1,859,234 0
Net cash settlements on commodity derivatives (2,386,897) 0
Amortization of debt discount and deferred costs 474,360 571,635
Changes in operating assets and liabilities    
Accounts receivable (3,091,273) 2,054,774
Inventory (341,329) (195,977)
Prepaid expenses (1,072,076) (65,603)
Accounts payable, accrued expenses, and other liabilities (641,003) 329,959
Other assets (253,642) 129,500
Net cash provided by (used in) operating activities 409,486 (2,388,578)
Cash flows from investing activities    
Purchase of fixed assets (1,813,904) (1,842,237)
Proceeds from sale of fixed assets 6,848 297,718
Net cash used in investing activities (2,076,882) (3,544,099)
Cash flows from financing activities    
Payments on capital leases (34,660) 0
Payment of debt issuance costs 0 (1,718,090)
Line of credit (payments) proceeds, net 1,408,206 1,012,444
Proceeds from note payable 4,024,964 16,570,929
Payments on note payable (2,996,556) (12,013,925)
Net cash provided by financing activities 2,401,954 3,851,358
Net change in cash, cash equivalents and restricted cash 734,558 (2,081,319)
Cash, cash equivalents, and restricted cash at beginning of the period 1,105,787 3,206,158
Cash, cash equivalents, and restricted cash at end of period 1,840,345 1,124,839
SUPPLEMENTAL INFORMATION    
Cash paid for interest 2,034,275 1,328,401
Cash paid for taxes 0 0
NON-CASH INVESTING AND FINANCING TRANSACTIONS    
Accretion of discount on Series B and B-1 Preferred Stock 1,444,376 1,267,778
Dividends-in-kind accrued on Series B and B-1 Preferred Stock 3,191,217  
Equipment acquired under capital leases 450,098 0
Contingent consideration on Nickco acquisition 0 236,680
Common restricted shares for Nickco acquisition 0 474,000
Return of common shares for sale escrow 0 1,109
Series A Preferred Stock    
NON-CASH INVESTING AND FINANCING TRANSACTIONS    
Conversion of preferred stock into common stock 34 36
Series B1 Preferred Stock    
NON-CASH INVESTING AND FINANCING TRANSACTIONS    
Conversion of preferred stock into common stock 4,616,354 119,440
Dividends-in-kind accrued on Series B and B-1 Preferred Stock 314,149  
Specialty Environmental Services, Texas Operations    
Cash flows from investing activities    
Acquisition of Acadiana (269,826) 0
Acadiana Recovery, LLC    
Cash flows from investing activities    
Acquisition of Acadiana 0 (710,350)
Nickco Recycling, LLC    
Cash flows from investing activities    
Acquisition of Acadiana 0 (1,126,730)
Ygriega Environmental Services, LLC    
Cash flows from investing activities    
Acquisition of Acadiana $ 0 $ (162,500)