Quarterly report pursuant to sections 13 or 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Operating Activities:    
Consolidated net loss $ (33,744) $ (4,785)
Adjustments to reconcile consolidated net loss to cash used in operating activities:    
Depreciation and amortization of intangibles 9,216 9,490
Fair value adjustments on convertible debt and warrants (352) (6,968)
Inventory valuation 275 157
Amortization of deferred financing fees 455 485
Noncash compensation 705 1,978
Derivative instruments (202) (334)
Bad debt recovery (15) (185)
Changes in operating assets and liabilities:    
Accounts receivable 642 (2,204)
Inventories 1,482 (5,280)
Prepaid expenses and other assets 1,480 (368)
Prepaid inventory 3,144 (3,466)
Accounts payable and accrued expenses 5,492 3,920
Net cash used in operating activities (11,422) (7,560)
Investing Activities:    
Purchase of 33% ownership interest in New PEHC (10,000)   
Additions to property and equipment (2,115) (1,459)
Net cash used in investing activities (12,115) (1,459)
Financing Activities:    
Net proceeds from sales of common stock and warrants 20,994   
Net proceeds from borrowings 13,249 17,091
Preferred stock dividends paid (949)   
Net cash (used in) provided by financing activities 33,294 17,091
Net increase in cash and cash equivalents 9,757 8,072
Cash and cash equivalents at beginning of period 8,914 8,736
Cash and cash equivalents at end of period 18,671 16,808
Supplemental Information:    
Interest paid 7,504 8,047
Noncash financing and investing activities:    
Preferred stock dividends paid in common stock 732   
Notes issued for purchase of 33% ownership interest in New PEHC 10,000   
Accrued interest added to term loan 1,407   
Preferred stock dividends accrued    946
Debt extinguished with issuance of common stock    $ 25,388