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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | |
|---|---|---|
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Mar. 31, 2015
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Mar. 31, 2014
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| Operating Activities: | ||
| Consolidated net loss | $ (4,509)us-gaap_ProfitLoss | $ (8,817)us-gaap_ProfitLoss |
| Adjustments to reconcile consolidated net loss to net cash provided by operating activities: | ||
| Fair value adjustments | 173us-gaap_FairValueAdjustmentOfWarrants | 35,844us-gaap_FairValueAdjustmentOfWarrants |
| Depreciation and amortization of intangibles | 3,409us-gaap_DepreciationAndAmortization | 3,173us-gaap_DepreciationAndAmortization |
| Deferred income taxes | 0us-gaap_DeferredIncomeTaxExpenseBenefit | 3,270us-gaap_DeferredIncomeTaxExpenseBenefit |
| Amortization of debt discount | 44us-gaap_AmortizationOfDebtDiscountPremium | 1,557us-gaap_AmortizationOfDebtDiscountPremium |
| Non-cash compensation | 506us-gaap_OtherNoncashExpense | 367us-gaap_OtherNoncashExpense |
| Amortization of deferred financing fees | 60us-gaap_AmortizationOfFinancingCostsAndDiscounts | 112us-gaap_AmortizationOfFinancingCostsAndDiscounts |
| Inventory valuation | 0us-gaap_InventoryWriteDown | 97us-gaap_InventoryWriteDown |
| Loss (gain) on derivatives | 189us-gaap_DerivativeGainLossOnDerivativeNet | (70)us-gaap_DerivativeGainLossOnDerivativeNet |
| Bad debt expense | 0us-gaap_ProvisionForDoubtfulAccounts | (34)us-gaap_ProvisionForDoubtfulAccounts |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | 7,270us-gaap_IncreaseDecreaseInAccountsReceivable | (16,096)us-gaap_IncreaseDecreaseInAccountsReceivable |
| Inventories | 709us-gaap_IncreaseDecreaseInInventories | (5,008)us-gaap_IncreaseDecreaseInInventories |
| Prepaid expenses and other assets | (2,857)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets | 82us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets |
| Prepaid inventory | 3,164us-gaap_IncreaseDecreaseInOtherCurrentAssets | 2,974us-gaap_IncreaseDecreaseInOtherCurrentAssets |
| Accounts payable and accrued expenses | (832)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities | 5,425us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities |
| Net cash provided by operating activities | 7,326us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations | 22,876us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations |
| Investing Activities: | ||
| Additions to property and equipment | (8,178)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment | (1,833)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment |
| Net cash used in investing activities | (8,178)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations | (1,833)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations |
| Financing Activities: | ||
| Proceeds from exercise of warrants | 191us-gaap_ProceedsFromWarrantExercises | 12,130us-gaap_ProceedsFromWarrantExercises |
| Net proceeds from (payments on) Kinergy's line of credit | (17,530)us-gaap_ProceedsFromRepaymentsOfLinesOfCredit | 4,065us-gaap_ProceedsFromRepaymentsOfLinesOfCredit |
| Principal Payments on Plant Owners' borrowings | 0us-gaap_RepaymentsOfOtherDebt | (19,378)us-gaap_RepaymentsOfOtherDebt |
| Principal Payments on senior notes | 0us-gaap_RepaymentsOfSeniorDebt | (13,007)us-gaap_RepaymentsOfSeniorDebt |
| Principal payments on capital leases | (1,307)us-gaap_RepaymentsOfDebtAndCapitalLeaseObligations | (1,096)us-gaap_RepaymentsOfDebtAndCapitalLeaseObligations |
| Principal payments on related party note | 0us-gaap_RepaymentsOfRelatedPartyDebt | (750)us-gaap_RepaymentsOfRelatedPartyDebt |
| Preferred stock dividends paid | (312)us-gaap_PaymentsOfDividendsPreferredStockAndPreferenceStock | (312)us-gaap_PaymentsOfDividendsPreferredStockAndPreferenceStock |
| Net cash used in financing activities | (18,958)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations | (18,348)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations |
| Net increase (decrease) in cash and cash equivalents | (19,810)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease | 2,695us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease |
| Cash and cash equivalents at beginning of period | 62,084us-gaap_CashAndCashEquivalentsAtCarryingValue | 5,151us-gaap_CashAndCashEquivalentsAtCarryingValue |
| Cash and cash equivalents at end of period | 42,274us-gaap_CashAndCashEquivalentsAtCarryingValue | 7,846us-gaap_CashAndCashEquivalentsAtCarryingValue |
| Supplemental Information: | ||
| Interest paid | 969us-gaap_InterestPaidNet | 2,712us-gaap_InterestPaidNet |
| Noncash financing and investing activities: | ||
| Reclass of warrant liability to equity upon warrant exercises | $ 39peix_ReclassOfWarrantLiabilityToEquityUponWarrantExercises | $ 11,377peix_ReclassOfWarrantLiabilityToEquityUponWarrantExercises |
| X | ||||||||||
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- Definition
Reclass of warrant liability to equity upon warrant exercises No definition available.
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- Details
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- Definition
Amount of noncash expense included in interest expense to amortize debt discount and premium associated with the related debt instruments. Excludes amortization of financing costs. Alternate captions include noncash interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of noncash expense included in interest expense to allocate debt discount and premium, and the costs to issue debt and obtain financing over the related debt instruments. Alternate captions include noncash interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of increase (decrease) in cash and cash equivalents. Cash and cash equivalents are the amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Includes effect from exchange rate changes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Amount of deferred income tax expense (benefit) pertaining to income (loss) from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of increase (decrease) in the fair value of derivatives recognized in the income statement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of expense (income) related to adjustment to fair value of warrant liability. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The increase (decrease) during the reporting period in the amounts payable to vendors for goods and services received and the amount of obligations and expenses incurred but not paid. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The increase (decrease) during the reporting period in amount due within one year (or one business cycle) from customers for the credit sale of goods and services. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The increase (decrease) during the reporting period in the aggregate value of all inventory held by the reporting entity, associated with underlying transactions that are classified as operating activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The increase (decrease) during the reporting period in other current operating assets not separately disclosed in the statement of cash flows. No definition available.
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| X | ||||||||||
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- Details
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| X | ||||||||||
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- Definition
The increase (decrease) during the reporting period in the value of prepaid expenses and other assets not separately disclosed in the statement of cash flows, for example, deferred expenses, intangible assets, or income taxes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The amount of cash paid for interest during the period net of cash paid for interest that is capitalized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Charge to cost of goods sold that represents the reduction of the carrying amount of inventory, generally attributable to obsolescence or market conditions. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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| X | ||||||||||
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- Definition
Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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| X | ||||||||||
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- Definition
Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Details
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| X | ||||||||||
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- Definition
Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Other expenses or losses included in net income that result in no cash outflows or inflows in the period and are not separately disclosed. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of cash outflow in the form of ordinary dividends to preferred shareholders of the parent entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The cash outflow associated with the acquisition of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale; includes cash outflows to pay for construction of self-constructed assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The net cash inflow or cash outflow from a contractual arrangement with the lender, including letter of credit, standby letter of credit and revolving credit arrangements, under which borrowings can be made up to a specific amount at any point in time with either short term or long term maturity that is collateralized (backed by pledge, mortgage or other lien in the entity's assets). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The cash inflow associated with the amount received from holders exercising their stock warrants. No definition available.
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| X | ||||||||||
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- Definition
The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of expense related to write-down of receivables to the amount expected to be collected. Includes, but is not limited to, accounts receivable and notes receivable. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The cash outflow during the period from the repayment of aggregate short-term and long-term debt and payment of capital lease obligations. No definition available.
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| X | ||||||||||
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- Definition
The cash outflow for the payment of other borrowing not otherwise defined in the taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The cash outflow for the payment of a long-term borrowing made from a related party where one party can exercise control or significant influence over another party; including affiliates, owners or officers and their immediate families, pension trusts, and so forth. Alternate caption: Payments for Advances from Affiliates. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The cash outflow for a long-term debt where the holder has highest claim on the entity's asset in case of bankruptcy or liquidation during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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