Quarterly report pursuant to sections 13 or 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Operating Activities:    
Consolidated net loss $ (5,472,000) $ (24,023,000)
Depreciation and amortization of intangibles 5,959,000 6,227,000
Interest expense added to Plant Owners' debt 4,562,000 0
Gain on extinguishment of debt (778,000) 0
Fair value adjustments on convertible debt and warrants (1,531,000) (1,252,000)
Amortization of debt discount 711,000 0
Amortization of deferred financing fees 516,000 327,000
Non-cash compensation 965,000 550,000
Derivative instruments 484,000 (254,000)
Bad debt expense 192,000 0
Changes in operating assets and liabilities:    
Accounts receivable (10,333,000) 3,861,000
Inventories (2,913,000) (172,000)
Prepaid expenses and other assets (220,000) 2,270,000
Prepaid inventory (916,000) 3,209,000
Accounts payable and accrued expenses 5,029,000 2,916,000
Net cash used in operating activities (3,745,000) (6,342,000)
Investing Activities:    
Additions to property and equipment (918,000) (1,605,000)
Purchases of New PE Holdco ownership interests (1,836,000) 0
Net cash used in investing activities (2,754,000) (1,605,000)
Financing Activities:    
Proceeds from Senior Notes 22,192,000 0
Proceeds from Series A and B Convertible Notes 14,000,000 0
Proceeds from exercise of warrants 2,064,000 0
Proceeds from Plant Owners' borrowings 4,000,000 12,022,000
Net proceeds from (payments on) Kinergy's line of credit 3,124,000 (6,693,000)
Principal Payments on Plant Owners' borrowings (7,622,000) 0
Principal Payments on Senior Notes (4,379,000) 0
Parent purchases of Plant Owners' debt (25,273,000) 0
Debt issuance costs (1,560,000) 0
Preferred stock dividends paid (627,000) 0
Payments on capital lease (23,000) (630,000)
Net cash provided by financing activities 5,896,000 4,699,000
Net decrease in cash and cash equivalents (603,000) (3,248,000)
Cash and cash equivalents at beginning of period 7,586,000 8,914,000
Cash and cash equivalents at end of period 6,983,000 5,666,000
Supplemental Information:    
Interest paid 1,472,000 5,697,000
Noncash financing and investing activities:    
Reclass of noncontrolling interest in VIE to APIC upon acquisitions of ownership interests in New PE Holdco 9,087,000 0
Original discount on senrior and convertible debt 8,558,000 0
Reclass of warrant liability to equity upon warrant exercises 260,000 0
Preferred stock dividends paid in common stock 732,000 0
Corn oil separation capital lease 5,287,000 0
Debt extinguished with issuance of common stock $ 3,968,000 $ 0