XML 51 R5.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
CASH FLOWS FROM OPERATING ACTIVITIES    
Loss from operations of the company and its consolidated subsidiaries $ (13,645) $ (18,219)
Adjustments to reconcile net loss to net cash (used in) operating activities:    
Stock-based employee compensation 462 2,154
Depreciation and amortization 4,970 4,084
Amortization of Distribution fees 1,080 1,620
Inventory Reserve 148 (106)
Provision for doubtful accounts 10 253
Loss from joint venture and other investmesnts 643 293
Loss on disposal of equipment 34 13
Deferred tax benefit (40) (144)
Amortization of debt discount 1,063 794
Changes in assets and liabilities: (net of acquisition )    
Accounts receivable (348) (1,169)
Notes Receivable 1,611 301
Inventories 2,707 (3,865)
Prepaid expenses and other assets (458) (650)
Due from related parties 1,725 (3,549)
Other receivables (47)   
Accounts payable (3,910) 5,154
Accrued liabilities (187) 580
Taxes payable 154 (368)
Advances from customers (1,192) 1,040
Other payables (751) 564
Net cash used for operating activities (5,971) (11,220)
CASH FLOWS FROM INVESTING ACTIVITIES    
Sales proceeds of property    79
Acquisition of property and equipment (1,581) (1,838)
Cash flows used in investing activities: (1,581) (1,759)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from notes payable 33,017 35,026
Proceeds from short term borrowing 11,858 3,141
Proceeds from Convertible Bond 1,496   
Change in restricted cash (1,603) (9,027)
Proceeds from related parties    1,957
Repayment to related parties    (1,886)
Repayments of notes payable (33,303) (15,515)
Payments on short term debt (4,889) (6,004)
Cash provided by (used in) financing activities 6,576 7,692
Effect of exchange rate changes on cash and cash equivalents (110) (5)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (1,086) (5,292)
CASH AND CASH EQUIVALENTS, beginning of period 1,656 5,859
CASH AND CASH EQUIVALENT, end of period 570 567
Supplemental disclosure of cash flow information:    
Cash paid during period for interest 1,250 1,117
Cash paid during period for taxes $ 7