Consolidated Statements of Operations (unaudited) - USD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | ||
---|---|---|---|---|
Jun. 30, 2016 |
Jun. 30, 2015 |
Jun. 30, 2016 |
Jun. 30, 2015 |
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Revenue and cost of goods sold | ||||
Hydrocarbon revenue | $ 713 | $ 740 | $ 1,011 | $ 1,257 |
Grant and other revenue | 232 | 229 | 497 | 513 |
Total revenues | 8,113 | 8,924 | 14,433 | 14,823 |
Cost of goods sold | 9,989 | 9,898 | 19,212 | 19,132 |
Gross loss | (1,876) | (974) | (4,779) | (4,309) |
Operating expenses | ||||
Research and development expense | 1,469 | 1,765 | 2,513 | 3,487 |
Selling, general and administrative expense | 2,147 | 3,792 | 4,066 | 8,271 |
Total operating expenses | 3,616 | 5,557 | 6,579 | 11,758 |
Loss from operations | (5,492) | (6,531) | (11,358) | (16,067) |
Other (expense) income | ||||
Interest expense | (2,246) | (2,029) | (4,396) | (4,064) |
(Loss)/Gain on conversion of debt | 285 | |||
(Loss)/Gain on extinguishment of warrant liability | (923) | 1,775 | (923) | 1,775 |
(Loss)/Gain from change in fair value of the 2017 Notes | (940) | (340) | (1,775) | 3,425 |
(Loss)/Gain from change in fair value of derivative warrant liability | (10,573) | (7,247) | (5,325) | (7,080) |
Loss on issuance of equity | (1,519) | (1,519) | ||
Other income | 206 | 2 | 206 | 13 |
Total other expense, net | (15,995) | (7,839) | (13,732) | (5,646) |
Net loss | $ (21,487) | $ (14,370) | $ (25,090) | $ (21,713) |
Net loss per share - basic and diluted | $ (0.44) | $ (1.10) | $ (0.70) | $ (2.03) |
Weighted-average number of common shares outstanding - basic and diluted | 49,085,638 | 13,009,434 | 36,050,983 | 10,673,891 |
Ethanol | ||||
Revenue and cost of goods sold | ||||
Sales | $ 7,168 | $ 7,955 | $ 12,925 | $ 13,053 |
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- Definition Gain loss from change in fair value of senior secured convertible debt. No definition available.
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- Definition Gain loss from change in fair value of warrant liabilities. No definition available.
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- Definition Loss on equity issuance. No definition available.
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- Definition Gain (loss) on inducement of warrant exercises. No definition available.
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- Definition Total costs related to goods produced and sold during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The amount of net income or loss for the period per each share in instances when basic and diluted earnings per share are the same amount and reported as a single line item on the face of the financial statements. Basic earnings per share is the amount of net income or loss for the period per each share of common stock or unit outstanding during the reporting period. Diluted earnings per share includes the amount of net income or loss for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. No definition available.
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- Definition Difference between the fair value of payments made and the carrying amount of debt which is extinguished prior to maturity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of the cost of borrowed funds accounted for as interest expense for debt. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Revenue from natural gas production during the reporting period. Natural gas consists largely of the hydrocarbon methane, and is found in underground formations either by itself or with crude oil. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. No definition available.
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- References No definition available.
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- Definition The net result for the period of deducting operating expenses from operating revenues. No definition available.
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- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The aggregate costs incurred (1) in a planned search or critical investigation aimed at discovery of new knowledge with the hope that such knowledge will be useful in developing a new product or service, a new process or technique, or in bringing about a significant improvement to an existing product or process; or (2) to translate research findings or other knowledge into a plan or design for a new product or process or for a significant improvement to an existing product or process whether intended for sale or the entity's use, during the reporting period charged to research and development projects, including the costs of developing computer software up to the point in time of achieving technological feasibility, and costs allocated in accounting for a business combination to in-process projects deemed to have no alternative future use. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Revenue earned during the period from non-repayable sum of money awarded to an entity to carry out a specific purpose as provided in grant agreements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition Aggregate revenue during the period from the sale of goods in the normal course of business, after deducting returns, allowances and discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Average number of shares or units issued and outstanding that are used in calculating basic and diluted earnings per share (EPS). No definition available.
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- Details
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