XML 17 R5.htm IDEA: XBRL DOCUMENT v3.7.0.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash flows from operating activities:    
Net loss $ (3,022,690) $ (6,426,866)
Adjustments to reconcile net loss to net cash (used in) operating activities:    
Depreciation and amortization 2,998,766 1,707,406
Interest accretion on landfill liabilities 56,401 45,176
Amortization of capitalized loan fees & debt discount 150,684 413,639
Unrealized (gain) loss on derivatives 554,112 (180,000)
Bad debt expense 178,488 44,589
Stock issued to vendors for services 778,985
Deferred tax expense 101,613
Stock and Options issued to employees as incentive compensation 27,375 3,545,422
Gain on extinguishment of liability (2,654,821)
Loss from proportionate share of equity investment 2,105
Loss on disposal of equipment (841) 1,451
Changes in working capital items net of acquisitions:    
Accounts receivable, net of allowance (924,962) (350,704)
Prepaid expenses and other current assets (324,244) (2,291)
Accounts payable and accrued expenses (1,383,897) 188,546
Deferred compensation (769,709) 40,250
Deferred revenue 1,050,524 133,671
Net cash used in operating activities (3,963,201) (58,621)
Cash flows from investing activities:    
Acquisition of the CFS Group (3,933,276)
Landfill additions (12,333) (29,669)
Acquisition of property, plant and equipment (1,403,896) (2,436,439)
Purchases of short-term investments 13,447 (1,947,127)
Cash proceeds received from post acquisition settlement 245,222
Proceeds from sale of property, plant and equipment 46,975
Net cash used in investing activities (5,336,058) (4,121,038)
Cash flows from financing activities:    
(Repayments) borrowings on notes due related parties (253,000)
Proceeds from loans 569,212 2,150,000
Proceeds from issuance of common stock, net of fees 10,764,931 1,100,000
Proceeds from issuance of Series C Preferred Stock, net of placement fees of $79,688 (33,567)
Principal payments on capital lease (71,178) (33,567)
Principal payments on notes payable (1,259,503)
Proceeds from Direct Financing lease payments 3,887
Net cash provided from financing activities 9,754,349 3,182,866
Net change in cash 455,090 (996,793)
Beginning cash 823,272 2,729,795
Ending cash 1,278,362 1,733,002
Supplemental Disclosures of Cash Flow Information:    
Cash paid for interest 1,497,429 272,840
Supplemental Non-Cash Investing and Financing Information:    
Note payable incurred for acquisition 34,100,000
Capital lease incurred for property, plant and equipment 195,646
Common stock issued for consideration in an acquisition 1,390,000
Retirement of Preferred Stock C and related top off provision through the issuance of Common Stock (and related derivative liability) $ 2,644,951