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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash flows from operating activities    
Net loss $ (8,453,392) $ (6,857,643)
  Adjustments to reconcile net loss to cash provided by operating activities    
Stock based compensation expense 490,957 473,491
Depreciation and amortization 5,144,039 5,333,485
Loss (gain) on sale of assets 124,090 (31,443)
Contingent consideration reduction 0 (15,564)
Bad debt and reduction in allowance for bad debt 34,127 (389,943)
(Decrease) increase in fair value of derivative warrant liability (1,844,369) (331,715)
(Gain) loss on commodity derivative contracts (4,489,355) 2,691,833
Net cash settlements on commodity derivatives 5,484,734 (3,446,274)
Amortization of debt discount and deferred costs 47,826 430,431
Changes in operating assets and liabilities, net of effect of acquisition    
Accounts receivable 4,952,388 (987,778)
Inventory 3,939,674 2,212,989
Prepaid expenses (1,477,191) (833,485)
Accounts payable (367,327) (1,046,149)
Accrued expenses (1,788,693) (260,341)
Other assets (446,324) 0
Net cash provided by (used in) operating activities 1,351,184 (3,058,106)
Cash flows from investing activities    
Acquisition (1,822,690) 0
Internally developed software (49,229) (380,216)
Purchase of fixed assets (4,170,166) (2,907,330)
Proceeds from sale of fixed assets 36,465 86,846
Net cash used in investing activities (6,005,620) (3,200,700)
Cash flows from financing activities    
Payments on finance leases (282,655) (113,241)
Proceeds from exercise of stock options 0 7,075
Distribution VRM LA 0 (285,534)
Contributions received from redeemable noncontrolling interest 21,000,000 3,150,000
Proceeds received from issuance of common stock and warrants 0 2,216,711
Line of credit (payments) proceeds, net (3,276,230) 1,543,003
Proceeds from note payable (includes proceeds from PPP note) 7,992,346 2,809,139
Payments on note payable (9,325,745) (3,514,365)
Net cash provided by financing activities 16,107,716 5,812,788
Net change in cash, cash equivalents and restricted cash 11,453,280 (446,018)
Cash, cash equivalents, and restricted cash at beginning of the period 4,199,825 2,849,831
Cash, cash equivalents, and restricted cash at end of period 15,653,105 2,403,813
SUPPLEMENTAL INFORMATION    
Cash paid for interest 812,887 1,887,012
Cash paid for taxes 0 0
NON-CASH INVESTING AND FINANCING TRANSACTIONS    
Accretion of discount on Series B and B1 Preferred Stock 1,500,395 1,644,374
Dividends-in-kind accrued on Series B and B1 Preferred Stock 1,296,493 1,238,766
Equipment acquired under finance leases 1,017,638 621,000
Initial adjustment of carrying amount redeemable noncontrolling interests 9,091,068 970,809
Accretion of redeemable noncontrolling interest to redemption value 13,635,797 1,849,930
Series B1 Preferred Stock    
NON-CASH INVESTING AND FINANCING TRANSACTIONS    
Conversion of Series B1 Preferred Stock into common stock 3,368,474 $ 149,914
Dividends-in-kind accrued on Series B and B1 Preferred Stock $ 281,557