Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Cash flows from operating activities:    
Net loss $ (4,371) $ (5,028)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 8,397 8,602
Amortization of debt issuance and warrant costs 790 882
Stock-based compensation 632 525
Change in value of stock warrants (1,671) 1,379
Debt extinguishment costs 2,673 0
Loss (gain) on disposal of assets and other 225 (1)
Increases and decreases in operating assets and liabilities:    
Accounts receivable (275) 149
Prepaid expenses, inventories and other 217 (403)
Deferred taxes 476 (150)
Accounts payable and accrued expenses 2,731 1,188
Net cash provided by operating activities 9,824 7,143
Cash flows from investing activities:    
Purchase of property and equipment, net of construction contracts payable (17,051) (11,070)
Other (379) (141)
Net cash used in investing activities (17,430) (11,211)
Cash flows from financing activities:    
Repayment of First and Second Lien Term Loans (96,063) (2,249)
Prepayment premium of Second Lien Term Loan (1,100) 0
Proceeds from Senior Secured Notes borrowings 100,000 0
Payment of debt discount and issuance costs (4,105) (429)
Payment of Interest Rate Cap premium (238) 0
Repayment of Senior Secured Notes (1,000) 0
Repayment of capital lease obligation (460) (455)
Proceeds from equity offering 11,435 0
Proceeds from exercise of stock options 0 73
Other (139) 0
Net cash provided by (used in) financing activities 8,330 (3,060)
Net increase (decrease) in cash and equivalents 724 (7,128)
Cash and equivalents, beginning of year 19,910 27,038
Cash and equivalents, end of year 20,634 19,910
SUPPLEMENTAL CASH FLOW INFORMATION:    
Cash paid for interest, net of amounts capitalized 9,368 9,909
NON-CASH INVESTING ACTIVITIES:    
Accounts payable related capital expenditures $ 328 $ 1,435