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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)
6 Months Ended
Jun. 30, 2019
USD ($)
Jun. 30, 2018
USD ($)
Cash flows from operating activities    
Net income (loss) $ (5,698,760) $ 453,721
Adjustments to reconcile net income (loss) to cash provided by operating activities    
Stock based compensation expense 314,065 329,721
Depreciation and amortization 3,517,903 3,427,175
Gain on sale of assets (31,443) (51,523)
Contingent consideration reduction (15,564) 0
Bad debt recovery (360,926) 0
Increase in fair value of derivative warrant liability 959,077 (44,162)
Loss on commodity derivative contracts 1,069,778 1,212,087
Net cash settlements on commodity derivatives (967,708) (1,393,970)
Amortization of debt discount and deferred costs 286,954 290,746
Changes in operating assets and liabilities    
Accounts receivable (2,111,591) (1,300,384)
Inventory 2,338,814 (2,156,895)
Prepaid expenses 1,948,771 687,156
Accounts payable (518,050) 2,575,354
Accrued expenses (187,349) (628,120)
Other assets 0 (205,942)
Net cash provided by operating activities 543,971 3,194,964
Cash flows from investing activities    
Purchase of fixed assets (2,419,599) (1,570,094)
Proceeds from sale of fixed assets 86,846 85,230
Net cash used in investing activities (2,332,753) (1,754,687)
Cash flows from financing activities    
Payments on finance leases (61,638)  
Payments on finance leases   (10,797)
Proceeds from exercise of stock options 4,500 0
Distribution VRM LA (285,534) 0
Line of credit (payments) proceeds, net 1,235,251 (816,797)
Proceeds from note payable 187,501 1,667,426
Payments on note payable (1,542,903) (1,667,066)
Net cash used in financing activities (462,823) (827,234)
Net change in cash, cash equivalents and restricted cash (2,251,605) 613,043
Cash, cash equivalents, and restricted cash at beginning of the period 2,849,831 1,105,787
Cash, cash equivalents, and restricted cash at end of period 598,226 1,718,830
SUPPLEMENTAL INFORMATION    
Cash paid for interest 1,221,363 1,126,362
Cash paid for taxes 0 0
NON-CASH INVESTING AND FINANCING TRANSACTIONS    
Accretion of discount on Series B and B1 Preferred Stock 1,093,600 1,198,504
Dividends-in-kind accrued on Series B and B1 Preferred Stock 819,670  
Equipment acquired under finance leases 621,000 450,098
Series A Preferred Stock    
NON-CASH INVESTING AND FINANCING TRANSACTIONS    
Conversion of Preferred Stock into common stock 0 34
Series B Preferred Stock    
NON-CASH INVESTING AND FINANCING TRANSACTIONS    
Conversion of Preferred Stock into common stock 0 99,629
Dividends-in-kind accrued on Series B and B1 Preferred Stock 172,704  
Series B1 Preferred Stock    
NON-CASH INVESTING AND FINANCING TRANSACTIONS    
Conversion of Preferred Stock into common stock 149,914 987,259
Dividends-in-kind accrued on Series B and B1 Preferred Stock 240,171  
SES    
Cash flows from investing activities    
Acquisition of SES $ 0 $ 269,823