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Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Cash flows from operating activities        
Net loss $ (3,487,971) $ (612,799) $ (6,581,114) $ (4,447,364)
Adjustments to reconcile net loss to net cash from operating activities:        
Accretion of asset retirement obligations 101,276 20,134 202,553 40,269
Depreciation, depletion and amortization 310,889 467,016
Costs associated with abandoned offering 3,089,079
Equity-based compensation 2,145,333
Changes in operating assets and liabilities:        
Accounts receivable (295,934) (955,189)
Prepaid expenses 308,837 15,049 (378,068) 106,040
Inventory (244,725) (896,394)
Advanced coal royalties (732,748) (732,748)
Other assets and liabilities (213,861) (225,000) (170,396) (235,000)
Accounts payable 6,037,506 (1,169,151) 7,198,796 3,030
Accrued expenses 1,908,869 (19,631) 789,288 60,766
Net cash from operating activities (125,600) (1,952,136) (489,499) (1,504,712)
Cash flow from investing activities        
Purchases of property, plant and equipment (24,493,560) (407,895) (41,735,270) (2,240,583)
Purchases of investment securities (14,913,824)
Proceeds from maturities of investment securities 15,008,968 25,507,767
Net cash from investing activities (9,484,592) (407,895) (31,141,327) (2,240,583)
Cash flows from financing activities        
Proceeds from issuance of common stock 47,709,000
Payment of equity offering costs (1,755,687)
Proceeds from note payable - related party 2,750,000 2,750,000
Repayments to Ramaco Carbon, LLC, net (544,302) (10,629,275) (54,000)
Repayments of financed insurance payable (89,948) (127,048) (169,734)
Payment of distributions (1,499,840) (5,405,064)
Payment of note payable (500,000)
Contributed capital from existing members 500,000
Net cash from financing activities (1,499,840) 2,115,750 29,291,926 3,026,266
Net change in cash and cash equivalents (11,110,032) (244,281) (2,338,900) (719,029)
Cash and cash equivalents, beginning of period 13,968,046 518,879 5,196,914 993,627
Cash and cash equivalents, end of period 2,858,014 274,598 2,858,014 274,598
Supplemental cash flow information:        
Cash paid for interest 212 6,576 81,303 7,818
Non-cash investing and financing activities:        
Capital expenditures included in accounts payable 6,604,365 386,654 6,604,365 386,654
Additional retirement obligations acquired or incurred 285,705 478,921
Accretion - Series A preferred units $ 123,825