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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)
3 Months Ended 9 Months Ended
Sep. 30, 2019
USD ($)
Sep. 30, 2019
USD ($)
Sep. 30, 2018
USD ($)
Cash flows from operating activities      
Net loss $ (1,158,883) $ (6,857,643) $ (1,940,129)
Adjustments to reconcile net loss to cash provided by (used in) operating activities      
Stock based compensation expense   473,491 494,779
Depreciation and amortization   5,333,485 5,234,014
Gain on sale of assets 0 (31,443) (51,523)
Contingent consideration reduction   (15,564) 0
Reduction in allowance for bad debt   (389,943) 0
(Decrease) increase in fair value of derivative warrant liability   (331,715) 2,124,971
Loss on commodity derivative contracts 1,622,056 2,691,833 1,859,234
Net cash settlements on commodity derivatives   (3,446,274) (2,386,897)
Amortization of debt discount and deferred costs   430,431 474,360
Changes in operating assets and liabilities      
Accounts receivable   (987,778) (3,091,273)
Inventory   2,212,989 (341,329)
Prepaid expenses   (833,485) (1,072,076)
Accounts payable   (1,046,149) 534,689
Accrued expenses   (260,341) (1,175,692)
Other assets   0 (253,642)
Net cash (used in) provided by operating activities   (3,058,106) 409,486
Cash flows from investing activities      
Acquisition of SES   0 (269,826)
Internally developed software   (380,216) 0
Purchase of fixed assets   (2,907,330) (1,813,904)
Proceeds from sale of fixed assets   86,846 6,848
Net cash used in investing activities   (3,200,700) (2,076,882)
Cash flows from financing activities      
Payments on finance leases   (113,241)  
Payments on finance leases     (34,660)
Proceeds from exercise of stock options   7,075 0
Distribution VRM LA   (285,534) 0
Contributions received from redeemable noncontrolling interest 3,150,000 3,150,000 0
Proceeds received from issuance of common stock and warrants   2,216,711 0
Line of credit (payments) proceeds, net   1,543,003 1,408,206
Proceeds from note payable   2,809,139 4,024,964
Payments on note payable   (3,514,365) (2,996,556)
Net cash provided by financing activities   5,812,788 2,401,954
Net change in cash, cash equivalents and restricted cash   (446,018) 734,558
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 2,403,813 2,403,813 1,840,345
SUPPLEMENTAL INFORMATION      
Cash paid for interest   1,887,012 2,034,275
Cash paid for taxes   0 0
NON-CASH INVESTING AND FINANCING TRANSACTIONS      
Accretion of discount on Series B and B1 Preferred Stock 550,774 1,644,374 2,351,472
Dividends-in-kind accrued on Series B and B1 Preferred Stock 1,238,766 1,238,766 2,284,121
Equipment acquired under finance leases   621,000 450,098
Initial adjustment of carrying amount redeemable noncontrolling interest 970,809 970,809 0
Accretion of redeemable noncontrolling interest to redemption value 1,849,930 1,849,930 0
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 175,305 175,305  
Series B1 Preferred Stock      
NON-CASH INVESTING AND FINANCING TRANSACTIONS      
Conversion of Preferred Stock into common stock   149,914 $ 4,614,354
Dividends-in-kind accrued on Series B and B1 Preferred Stock $ 243,777 $ 243,777