Document And Entity Information
Document And Entity Information - shares | 6 Months Ended | |
Jun. 30, 2017 | Jul. 31, 2017 | |
Document Information [Line Items] | ||
Entity Registrant Name | STR HOLDINGS, INC. | |
Entity Central Index Key | 1,473,597 | |
Trading Symbol | stri | |
Current Fiscal Year End Date | --12-31 | |
Entity Filer Category | Smaller Reporting Company | |
Entity Current Reporting Status | Yes | |
Entity Voluntary Filers | No | |
Entity Well-known Seasoned Issuer | No | |
Entity Common Stock, Shares Outstanding (in shares) | 19,453,821 | |
Document Type | 10-Q | |
Document Period End Date | Jun. 30, 2017 | |
Document Fiscal Year Focus | 2,017 | |
Document Fiscal Period Focus | Q2 | |
Amendment Flag | false |
Condensed Consolidated Balance
Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands | Jun. 30, 2017 | Dec. 31, 2016 |
CURRENT ASSETS | ||
Cash and cash equivalents | $ 13,404 | $ 12,379 |
Bank acceptance notes | 148 | 3,360 |
Accounts receivable, trade, less allowances for doubtful accounts of $2,322 and $2,640 in 2017 and 2016, respectively | 2,470 | 2,989 |
Inventories, net | 2,128 | 1,847 |
Prepaid expenses | 1,098 | 972 |
Other current assets | 1,000 | 1,095 |
Total current assets | 20,248 | 22,642 |
Property, plant and equipment, net | 8,221 | 7,974 |
Assets held for sale (Note 8) | 5,823 | 6,090 |
Other long-term assets | 179 | 140 |
Total assets | 34,471 | 36,846 |
CURRENT LIABILITIES | ||
Accounts payable | 1,303 | 1,500 |
Accrued liabilities (Note 9) | 2,756 | 2,617 |
Income taxes payable | 996 | 993 |
Due to factor | 533 | 381 |
Total current liabilities | 5,588 | 5,491 |
Total liabilities | 5,588 | 5,491 |
COMMITMENTS AND CONTINGENCIES (Note 10) | ||
Stockholders’ Equity | ||
Preferred stock, $0.01 par value, 20,000,000 shares authorized; no shares issued and outstanding | ||
Common stock, $0.01 par value, 200,000,000 shares authorized; 19,383,016 and 19,381,776 issued and outstanding, respectively, in 2017 and 19,239,587 and 19,238,347 issued and outstanding, respectively, in 2016 | 189 | 187 |
Treasury stock, 1,240 shares at cost | (57) | (57) |
Additional paid–in capital | 231,853 | 231,627 |
Accumulated deficit | (197,302) | (193,971) |
Accumulated other comprehensive loss, net | (5,800) | (6,431) |
Total stockholders’ equity | 28,883 | 31,355 |
Total liabilities and stockholders’ equity | $ 34,471 | $ 36,846 |
Condensed Consolidated Balance3
Condensed Consolidated Balance Sheets (Unaudited) (Parentheticals) - USD ($) $ in Thousands | Jun. 30, 2017 | Dec. 31, 2016 |
Allowance for doubtful accounts | $ 2,322 | $ 2,640 |
Preferred stock, par value (in dollars per share) | $ 0.01 | $ 0.01 |
Preferred stock, authorized (in shares) | 20,000,000 | 20,000,000 |
Preferred stock, issued (in shares) | 0 | 0 |
Preferred stock, outstanding (in shares) | 0 | 0 |
Common stock, par value (in dollars per share) | $ 0.01 | $ 0.01 |
Common stock, authorized (in shares) | 200,000,000 | 200,000,000 |
Common stock issued (in shares) | 19,383,016 | 19,239,587 |
Common stock, outstanding (in shares) | 19,381,776 | 19,238,347 |
Treasury stock, shares (in shares) | 1,240 | 1,240 |
Condensed Consolidated Statemen
Condensed Consolidated Statements of Comprehensive Loss (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2017 | Jun. 30, 2016 | Jun. 30, 2017 | Jun. 30, 2016 | |
Net sales | $ 3,057 | $ 6,691 | $ 6,770 | $ 13,114 |
Cost of sales | 3,695 | 6,631 | 7,905 | 13,455 |
Gross (loss) profit | (638) | 60 | (1,135) | (341) |
Selling, general and administrative expenses | 1,299 | 1,782 | 3,280 | 3,691 |
Research and development expense | 236 | 314 | 550 | 641 |
(Recovery) provision for bad debt expense | (215) | 934 | (380) | 1,359 |
Operating loss | (1,958) | (2,970) | (4,585) | (6,032) |
Interest (expense) income, net | (3) | 52 | (7) | 41 |
Other income (expense), net (Note 8) | 1,632 | (1,699) | 1,206 | (1,699) |
(Loss) gain on disposal of fixed assets | (16) | 2 | (13) | 2 |
Foreign currency transaction loss | (64) | (199) | (75) | (287) |
Loss before income tax (benefit) expense | (409) | (4,814) | (3,474) | (7,975) |
Income tax (benefit) expense | (125) | 199 | (143) | (15) |
Net loss | (284) | (5,013) | (3,331) | (7,960) |
Other comprehensive income (loss): | ||||
Foreign currency translation (net of tax effect of $205, $0, $257 and $0, respectively) | 501 | (303) | 631 | 94 |
Other comprehensive income (loss) | 501 | (303) | 631 | 94 |
Comprehensive income (loss) | $ 217 | $ (5,316) | $ (2,700) | $ (7,866) |
Net loss per share (Note 4): | ||||
Basic (in dollars per share) | $ (0.02) | $ (0.27) | $ (0.18) | $ (0.44) |
Diluted (in dollars per share) | $ (0.02) | $ (0.27) | $ (0.18) | $ (0.44) |
Weighted–average shares outstanding (Note 4): | ||||
Basic (in shares) | 18,913,427 | 18,380,904 | 18,839,391 | 18,307,545 |
Diluted (in shares) | 18,913,427 | 18,380,904 | 18,839,391 | 18,307,545 |
Condensed Consolidated Stateme5
Condensed Consolidated Statements of Comprehensive Loss (Unaudited) (Parentheticals) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2017 | Jun. 30, 2016 | Jun. 30, 2017 | Jun. 30, 2016 | |
Foreign currency translation, tax effect | $ 205 | $ 0 | $ 257 | $ 0 |
Condensed Consolidated Stateme6
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands | 6 Months Ended | |
Jun. 30, 2017 | Jun. 30, 2016 | |
OPERATING ACTIVITIES | ||
Net loss | $ (3,331) | $ (7,960) |
Adjustments to reconcile net loss to net cash used in operating activities: | ||
Depreciation | 753 | 950 |
Stock–based compensation expense | 252 | 280 |
Gain (loss) on disposal of property, plant and equipment | 13 | (2) |
(Recovery) provision for bad debt expense | (380) | 1,359 |
Impairment of assets held for sale | 267 | 1,708 |
Proceeds from insurance claim | 1,475 | |
Provision for deferred taxes | (302) | (49) |
Changes in operating assets and liabilities: | ||
Accounts receivable | 1,010 | (1,325) |
Income tax receivable | 8,252 | |
Inventories, net | (170) | 1,872 |
Other current assets | 1,624 | (1,485) |
Accounts payable | (274) | (42) |
Accrued liabilities | 233 | 896 |
Income taxes payable | 2 | 8 |
Other, net | (23) | 1,374 |
Total net cash provided by operating activities | 1,149 | 5,836 |
INVESTING ACTIVITIES | ||
Capital investments | (410) | (174) |
Proceeds from sale of fixed assets | 16 | |
Total net cash used in investing activities | (410) | (158) |
FINANCING ACTIVITIES | ||
Shared services arrangement with Zhenfa | 56 | |
Factoring arrangement | 111 | 123 |
Total net cash provided by financing activities | 111 | 179 |
Effect of exchange rate changes on cash | 175 | 249 |
Net change in cash and cash equivalents | 1,025 | 6,106 |
Cash and cash equivalents, beginning of period | 12,379 | 7,703 |
Cash and cash equivalents, end of period | $ 13,404 | $ 13,809 |
Note 1 - Basis of Presentation
Note 1 - Basis of Presentation | 6 Months Ended |
Jun. 30, 2017 | |
Notes to Financial Statements | |
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block] | NOTE 1—BASIS The accompanying condensed consolidated financial statements and the related interim information contained within the notes to the condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and the applicable rules and regulations of the Securities and Exchange Commission (“SEC”) for interim financial information and quarterly reports on the Form 10 not December 31, 2016, 10–K March 9, 2017. not The year-end Condensed Consolidated Balance Sheet data was derived from audited financial statements, but does not The preparation of the condensed consolidated financial statements in conformity with GAAP requires management to make significant estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from management’s estimates. On December 1, 2016, not 3.2 $5,000 one 30 60 January 3, 2017 February 28, 2017. not $5,000, April 3, 2017. |
Note 2 - Recent Accounting Pron
Note 2 - Recent Accounting Pronouncements | 6 Months Ended |
Jun. 30, 2017 | |
Notes to Financial Statements | |
New Accounting Pronouncements and Changes in Accounting Principles [Text Block] | NOTE 2—RECENT In January 2016, 2016 01, December 15, 2017, June 30, 2017, not |
Note 3 - Transaction With Zhen
Note 3 - Transaction With Zhen Fa New Energy (U.S.) Co., Ltd. and Zhenfa Energy Group Co., Ltd. | 6 Months Ended |
Jun. 30, 2017 | |
Notes to Financial Statements | |
Definitive Agreements Disclosure [Text Block] | NOTE 3—TRANSACTION The Company has entered into certain definitive agreements with Zhenfa Energy Group Co., Ltd., a Chinese limited liability company (“Zhenfa”) and its affiliate, Zhen Fa New Energy (U.S.) Co., Ltd., a Nevada corporation (“Zhenfa U.S.”). Purchase Agreement On August 11, 2014, 51% December 15, 2014 ( The Company also entered into a guarantee agreement (the “Guarantee Agreement”) with Zhenfa pursuant to which Zhenfa agreed to guarantee all obligations of Zhenfa U.S. under the Purchase Agreement, including but not In connection with the closing of the Transaction, the Company entered into a registration rights agreement (the “Registration Rights Agreement”) with Zhenfa U.S. that, among other things, requires the Company to register the shares acquired by Zhenfa U.S. in the Transaction, at the Company’s expense, upon the request of Zhenfa U.S. or certain transferees of Zhenfa U.S. Sales Service Agreement In connection with the execution of the Purchase Agreement, Specialized Technology Resources, Inc., an operating subsidiary of the Company, entered into a Sales Service Agreement (the “ Sales Service Agreement”) with Zhenfa whereby Zhenfa agreed, among other things, to assist the Company in a number of endeavors, including, without limitation, marketing and selling the Company’s products in China, acquiring local raw materials, hiring and training personnel in China, and complying with Chinese law. The Sales Service Agreement also provided the Company a two December 15, 2016, five two one may 10% |
Note 4 - Loss Per Share
Note 4 - Loss Per Share | 6 Months Ended |
Jun. 30, 2017 | |
Notes to Financial Statements | |
Earnings Per Share [Text Block] | NOTE 4—LOSS The calculation of basic and diluted net loss per share for the periods presented is as follows: Three Months Ended Six Months Ended 2017 2016 2017 2016 Basic and diluted net loss per share Numerator: Net loss $ (284 ) $ (5,013 ) $ (3,331 ) $ (7,960 ) Denominator: Weighted–average shares outstanding 18,913,427 18,380,904 18,839,391 18,307,545 Add: Dilutive effect of stock options — — — — Dilutive effect of restricted common stock — — — — Weighted–average shares outstanding with dilution 18,913,427 18,380,904 18,839,391 18,307,545 Net loss per share: Basic $ (0.02 ) $ (0.27 ) $ (0.18 ) $ (0.44 ) Diluted $ (0.02 ) $ (0.27 ) $ (0.18 ) $ (0.44 ) Due to the net loss for the three six June 30, 2017 2016, not Because the effect would be anti-dilutive, there were 1,121,332 not three six June 30, 2017. 1,176,887 not three six June 30, 2016. |
Note 5 - Bank Acceptance Notes
Note 5 - Bank Acceptance Notes | 6 Months Ended |
Jun. 30, 2017 | |
Notes to Financial Statements | |
Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | NOTE 5—BANK Customers in China may Bank acceptance notes consist of the following: June 30, December 31, Balance as of beginning of period $ 3,360 $ 92 Received from customers 837 7,030 Converted to cash (3,106 ) — Paid to suppliers (1,025 ) (3,756 ) Foreign exchange impact 82 (6 ) Balance as of end of period $ 148 $ 3,360 All of the bank acceptance notes as of June 30, 2017 December 31, 2017. June 30, 2017, 5.5%. |
Note 6 - Inventories
Note 6 - Inventories | 6 Months Ended |
Jun. 30, 2017 | |
Notes to Financial Statements | |
Inventory Disclosure [Text Block] | NOTE 6—INVENTORIES Inventories consist of the following: June 30, December 31, Finished goods $ 511 $ 470 Raw materials 1,690 1,812 Reserve (73 ) (435 ) Inventories, net $ 2,128 $ 1,847 |
Note 7 - Long-lived Assets
Note 7 - Long-lived Assets | 6 Months Ended |
Jun. 30, 2017 | |
Notes to Financial Statements | |
Property, Plant and Equipment Disclosure [Text Block] | NOTE 7—LONG Impairment Testing In accordance with ASC 360 may not At June 30, 2017 December 31, 2016, three June 30, 2017. may |
Note 8 - Assets Held for Sale
Note 8 - Assets Held for Sale | 6 Months Ended |
Jun. 30, 2017 | |
Notes to Financial Statements | |
Long-lived Assets Held for Sale Disclosure [Text Block] | NOTE 8—ASSETS In July 2015, August 2, 2015. first six 2016, RM25,000 $5,823 June 30, 2017) November 2016, In accordance with ASC 360 360 10 45 9 June 30, 2017 December 31, 2016 $267, first 2017. $1,708 second 2016. |
Note 9 - Accrued Liabilities
Note 9 - Accrued Liabilities | 6 Months Ended |
Jun. 30, 2017 | |
Notes to Financial Statements | |
Accounts Payable and Accrued Liabilities Disclosure [Text Block] | NOTE 9—ACCRUED Accrued liabilities consist of the following: June 30, December 31, Product performance (see Note 10) $ — $ 21 Salaries and wages 364 310 Accrued bonus 375 270 Professional fees 321 535 Restructuring severance and benefits (see Note 11) 115 269 Environmental (see Note 10) 57 57 Accrued franchise tax 16 66 Client deposits 1,142 922 Accrued income tax 159 — Other 207 167 Total accrued liabilities $ 2,756 $ 2,617 |
Note 10 - Commitments and Conti
Note 10 - Commitments and Contingencies | 6 Months Ended |
Jun. 30, 2017 | |
Notes to Financial Statements | |
Commitments and Contingencies Disclosure [Text Block] | NOTE 10—COMMITMENTS The Company is a party to claims and litigation in the normal course of its operations. Management believes that the ultimate outcome of these matters will not Product Performance The Company provides a short-term warranty that it has manufactured its products to the Company’s specifications. On limited occasions, the Company incurs costs to service its products in connection with specific product performance matters that do not On isolated occasions, the Company has also offered limited short-term performance warranties relating to its encapsulants not 1970s 20 no no not The Company has accrued for specific product performance matters incurred in 2017 2016 may $0 $21 June 30, 2017 December 31, 2016, Environmental During 2010, 10 450 $57 June 30, 2017 December 31, 2016. Solaria In October 2016, No. 8 2005 2006 2006. €3.3 A trial was held on April 6, 2017 not no June 30, 2017 December 31, 2016. |
Note 11 - Cost Reduction Action
Note 11 - Cost Reduction Actions | 6 Months Ended |
Jun. 30, 2017 | |
Notes to Financial Statements | |
Restructuring and Related Activities Disclosure [Text Block] | NOTE 11—COST REDUCTION ACTIONS In June 2016, July 5, 2016. $121 $108 2016. On March 7, 2017 second 2017. not $93 $48 first six 2017. third The restructuring accrual consists of $115 June 30, 2017. June 30, June 30, Balance as of beginning of year $ 269 $ 268 Additions 143 194 Reductions (177 ) (24 ) Reversals (120 ) — Balance as of end of period $ 115 $ 438 |
Note 12 - Fair Value Measuremen
Note 12 - Fair Value Measurements | 6 Months Ended |
Jun. 30, 2017 | |
Notes to Financial Statements | |
Fair Value Disclosures [Text Block] | NOTE 12—FAIR The Company measures certain financial assets and liabilities at fair value on a recurring basis in the financial statements. The hierarchy ranks the quality and reliability of inputs, or assumptions, used in the determination of fair value and requires financial assets and liabilities carried at fair value to be classified and disclosed in one three · Level 1 · Level 2 not · Level 3 not The following table provides the fair value measurements of applicable financial assets and liabilities as of June 30, 2017: Financial assets and liabilities at fair value Level 1 Level 2 Level 3 Money market funds (1) $ 4,461 $ — $ — Bank acceptance notes (2) $ 148 $ — $ — Non-recurring fair value measurements (3) $ — $ — $ 5,823 Total $ 4,609 $ — $ 5,823 The following table provides the fair value measurements of applicable financial assets and liabilities as of December 31, 2016: Financial assets and liabilities at fair value Level 1 Level 2 Level 3 Money market funds (1) $ 7,429 $ — $ — Bank acceptance notes (2) $ 3,360 $ — $ — Non-recurring fair value measurements (3) $ — $ — $ 6,090 Total $ 10,789 $ — $ 6,090 _____________________ ( 1 Included in cash and cash equivalents on the Company’s Condensed Consolidated Balance Sheets. The carrying amount of money market funds is a reasonable estimate of fair value due to the short-term maturity. ( 2 Refer to Note 5 ( 3 Included in assets held for sale on the Company’s Condensed Consolidated Balance Sheets. Refer to Note 8 |
Note 13 - Factoring Arrangement
Note 13 - Factoring Arrangement | 6 Months Ended |
Jun. 30, 2017 | |
Notes to Financial Statements | |
Factoring Arrangement Disclosure [Text Block] | NOTE 13—FACTORING In October 2015, first 2017. one €1,500 $1,714 June 30, 2017), 2% 2% one 90 June 30, 2017 December 31, 2016 $533 $381, |
Note 14 - Income Taxes
Note 14 - Income Taxes | 6 Months Ended |
Jun. 30, 2017 | |
Notes to Financial Statements | |
Income Tax Disclosure [Text Block] | NOTE 14—INCOME There is no three six June 30, 2017 $125 $143, The Company has evaluated the positive and negative evidence bearing upon the realizability of its deferred tax assets. Based on the Company’s history of operating losses, the Company has concluded that it is more likely than not not June 30, 2017 December 31, 2016. There was no three six June 30, 2016 $199 $15, During the second 2016, $8,252 2014 |
Note 15 - Stockholders' Equity
Note 15 - Stockholders' Equity | 6 Months Ended |
Jun. 30, 2017 | |
Notes to Financial Statements | |
Stockholders' Equity Note Disclosure [Text Block] | NOTE 15—STOCKHOLDERS’ Changes in stockholders’ equity for the six June 30, 2017 Common Stock Treasury Stock Additional Accumulated Other Comprehensive Accumulated Total Issued Amount Acquired Amount Capital Loss Deficit Equity Balance at December 31, 2016 18,669,927 $ 187 1,240 $ (57 ) $ 231,627 (6,431 ) $ (193,971 ) $ 31,355 Stock-based compensation 265,833 2 — — 226 — — 228 Net loss — — — — — — (3,331 ) (3,331 ) Foreign currency translation, net of tax — — — — — 631 — 631 Balance at June 30, 2017 18,935,760 $ 189 1,240 $ (57 ) $ 231,853 (5,800 ) $ (197,302 ) $ 28,883 Common Stock The Company’s Board of Directors has authorized 200,000,000 $0.01 June 30, 2017, 19,383,016 19,381,776 one 19,381,776 18,935,760 446,016 |
Note 16 - Stock-based Compensat
Note 16 - Stock-based Compensation | 6 Months Ended |
Jun. 30, 2017 | |
Notes to Financial Statements | |
Disclosure of Compensation Related Costs, Share-based Payments [Text Block] | NOTE 16—STOCK On November 6, 2009, 2009 “2009 May 14, 2013, 2009 2009 4,133,133 2009 2009 2009 may three four ten 1,088,140 2009 June 30, 2017. The following table summarizes the options activity under the Company’s 2009 six June 30, 2017: Options Outstanding Number Weighted– Weighted– Weighted– Aggregate Balance at December 31, 2016 1,121,332 $ 1.52 — $ 0.99 $ (1,480 ) Options granted — $ — — $ — $ — Exercised — $ — — $ — $ — Canceled/forfeited — $ — — $ — $ — Balance at June 30, 2017 1,121,332 $ 1.52 7.61 $ 0.99 $ (1,480 ) Vested and exercisable as of 747,552 $ 1.52 7.61 $ 0.99 $ (987 ) Vested and exercisable as of June 30, 2017 and expected to vest thereafter 1,109,961 $ 1.52 7.61 $ 0.99 $ (1,465 ) ____________________________ ( 1 $0.20 June 30, 2017. As of June 30, 2017, $216 one not three six June 30, 2017. The following table summarizes the restricted common stock activity of the Company for the six June 30, 2017: Unvested Number of Weighted– Unvested at December 31, 2016 568,420 $ — Granted 427,639 $ — Vested (265,833 ) $ 0.16 Canceled (284,210 ) $ — Unvested at June 30, 2017 446,016 $ — Expected to vest after June 30, 2017 446,016 $ — As of June 30, 2017, $37 one Stock-based compensation expense was included in the following Condensed Consolidated Statements of Comprehensive Loss categories for operations: Three Months Ended Six Months Ended 2017 2016 2017 2016 Selling, general and administrative expense $ 132 $ 121 $ 252 $ 280 Total stock-based compensation expense $ 132 $ 121 $ 252 $ 280 |
Note 17 - Reportable Segment an
Note 17 - Reportable Segment and Geographical Information | 6 Months Ended |
Jun. 30, 2017 | |
Notes to Financial Statements | |
Segment Reporting Disclosure [Text Block] | NOTE 17—REPORTABLE ASC 280 10 50 one one one Adjusted EBITDA is the main metric used by the management team and the Board of Directors to plan, forecast and review the Company’s segment performance. Adjusted EBITDA represents net loss before interest income and expense, income tax expense, depreciation, stock-based compensation expense, restructuring and certain non-recurring income and expenses from the results of operations. The following tables set forth information about the Company’s operations by its reportable segment and by geographic area: Operations by Reportable Segment Three Months Ended Six Months Ended 2017 2016 2017 2016 Reconciliation of Adjusted EBITDA to Net Loss Adjusted EBITDA $ (1,606 ) $ (2,371 ) $ (3,633 ) $ (4,886 ) Depreciation (413 ) (476 ) (753 ) (950 ) Interest (expense) income, net (3 ) 52 (7 ) 41 Income tax benefit (expense) 125 (199 ) 143 15 Restructuring 113 (192 ) (24 ) (194 ) Stock–based compensation (132 ) (121 ) (252 ) (280 ) Proceeds received from insurance claim 1,475 — 1,475 — Impairment of assets held for sale 173 (1,708 ) (267 ) (1,708 ) (Loss) gain on disposal of fixed assets (16 ) 2 (13 ) 2 Net Loss $ (284 ) $ (5,013 ) $ (3,331 ) $ (7,960 ) Operations by Geographic Area Three Months Ended Six Months Ended 2017 2016 2017 2016 Net Sales Spain $ 2,042 $ 2,568 $ 3,754 $ 6,415 China 983 4,122 2,974 6,687 United States 32 1 42 12 Total Net Sales $ 3,057 $ 6,691 $ 6,770 $ 13,114 Long-Lived Assets by Geographic Area June 30, December 31, Long-Lived Assets United States $ 1,388 $ 1,448 Spain 6,275 5,990 China 557 535 Hong Kong 1 1 Total Long-Lived Assets $ 8,221 $ 7,974 Foreign sales are based on the country in which the sales originated. Net sales to one 10% three six June 30, 2017 $683 $1,330, three 10% three June 30, 2016 $3,066. one 10% six June 30, 2016 $2,512. Accounts receivable from one $271 two $597 June 30, 2017 December 31, 2016, |
Note 18 - Related Party Transac
Note 18 - Related Party Transaction | 6 Months Ended |
Jun. 30, 2017 | |
Notes to Financial Statements | |
Related Party Transactions Disclosure [Text Block] | NOTE 18—RELATED Huhui Supply Agreement The Company’s Chinese subsidiary, Specialized Technology Resources Solar (Suzhou) Co. Ltd. (“STR China”) entered into a supply agreement (the “Huhui Supply Agreement”) dated as of December 31, 2014 not 535 10% not one six first not 30 June 30, 2017, not one 90 $1,148 December 31, 2015, three six June 30, 2017 not |
Note 19 - Subsequent Event
Note 19 - Subsequent Event | 6 Months Ended |
Jun. 30, 2017 | |
Notes to Financial Statements | |
Subsequent Events [Text Block] | NOTE 19—SUBSEQUENT As previously disclosed, on November 18, 2016, one On July 31, 2017, not |
Note 4 - Loss Per Share (Tables
Note 4 - Loss Per Share (Tables) | 6 Months Ended |
Jun. 30, 2017 | |
Notes Tables | |
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | Three Months Ended Six Months Ended 2017 2016 2017 2016 Basic and diluted net loss per share Numerator: Net loss $ (284 ) $ (5,013 ) $ (3,331 ) $ (7,960 ) Denominator: Weighted–average shares outstanding 18,913,427 18,380,904 18,839,391 18,307,545 Add: Dilutive effect of stock options — — — — Dilutive effect of restricted common stock — — — — Weighted–average shares outstanding with dilution 18,913,427 18,380,904 18,839,391 18,307,545 Net loss per share: Basic $ (0.02 ) $ (0.27 ) $ (0.18 ) $ (0.44 ) Diluted $ (0.02 ) $ (0.27 ) $ (0.18 ) $ (0.44 ) |
Note 5 - Bank Acceptance Notes
Note 5 - Bank Acceptance Notes (Tables) | 6 Months Ended |
Jun. 30, 2017 | |
Notes Tables | |
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | June 30, December 31, Balance as of beginning of period $ 3,360 $ 92 Received from customers 837 7,030 Converted to cash (3,106 ) — Paid to suppliers (1,025 ) (3,756 ) Foreign exchange impact 82 (6 ) Balance as of end of period $ 148 $ 3,360 |
Note 6 - Inventories (Tables)
Note 6 - Inventories (Tables) | 6 Months Ended |
Jun. 30, 2017 | |
Notes Tables | |
Schedule of Inventory, Current [Table Text Block] | June 30, December 31, Finished goods $ 511 $ 470 Raw materials 1,690 1,812 Reserve (73 ) (435 ) Inventories, net $ 2,128 $ 1,847 |
Note 9 - Accrued Liabilities (T
Note 9 - Accrued Liabilities (Tables) | 6 Months Ended |
Jun. 30, 2017 | |
Notes Tables | |
Schedule of Accrued Liabilities [Table Text Block] | June 30, December 31, Product performance (see Note 10) $ — $ 21 Salaries and wages 364 310 Accrued bonus 375 270 Professional fees 321 535 Restructuring severance and benefits (see Note 11) 115 269 Environmental (see Note 10) 57 57 Accrued franchise tax 16 66 Client deposits 1,142 922 Accrued income tax 159 — Other 207 167 Total accrued liabilities $ 2,756 $ 2,617 |
Note 11 - Cost Reduction Acti30
Note 11 - Cost Reduction Actions (Tables) | 6 Months Ended |
Jun. 30, 2017 | |
Notes Tables | |
Schedule of Restructuring Reserve by Type of Cost [Table Text Block] | June 30, June 30, Balance as of beginning of year $ 269 $ 268 Additions 143 194 Reductions (177 ) (24 ) Reversals (120 ) — Balance as of end of period $ 115 $ 438 |
Note 12 - Fair Value Measurem31
Note 12 - Fair Value Measurements (Tables) | 6 Months Ended |
Jun. 30, 2017 | |
Notes Tables | |
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] | Financial assets and liabilities at fair value Level 1 Level 2 Level 3 Money market funds (1) $ 4,461 $ — $ — Bank acceptance notes (2) $ 148 $ — $ — Non-recurring fair value measurements (3) $ — $ — $ 5,823 Total $ 4,609 $ — $ 5,823 Financial assets and liabilities at fair value Level 1 Level 2 Level 3 Money market funds (1) $ 7,429 $ — $ — Bank acceptance notes (2) $ 3,360 $ — $ — Non-recurring fair value measurements (3) $ — $ — $ 6,090 Total $ 10,789 $ — $ 6,090 |
Note 15 - Stockholders' Equity
Note 15 - Stockholders' Equity (Tables) | 6 Months Ended |
Jun. 30, 2017 | |
Notes Tables | |
Schedule of Stockholders Equity [Table Text Block] | Common Stock Treasury Stock Additional Accumulated Other Comprehensive Accumulated Total Issued Amount Acquired Amount Capital Loss Deficit Equity Balance at December 31, 2016 18,669,927 $ 187 1,240 $ (57 ) $ 231,627 (6,431 ) $ (193,971 ) $ 31,355 Stock-based compensation 265,833 2 — — 226 — — 228 Net loss — — — — — — (3,331 ) (3,331 ) Foreign currency translation, net of tax — — — — — 631 — 631 Balance at June 30, 2017 18,935,760 $ 189 1,240 $ (57 ) $ 231,853 (5,800 ) $ (197,302 ) $ 28,883 |
Note 16 - Stock-based Compens33
Note 16 - Stock-based Compensation (Tables) | 6 Months Ended |
Jun. 30, 2017 | |
Notes Tables | |
Share-based Compensation, Stock Options, Activity [Table Text Block] | Options Outstanding Number Weighted– Weighted– Weighted– Aggregate Balance at December 31, 2016 1,121,332 $ 1.52 — $ 0.99 $ (1,480 ) Options granted — $ — — $ — $ — Exercised — $ — — $ — $ — Canceled/forfeited — $ — — $ — $ — Balance at June 30, 2017 1,121,332 $ 1.52 7.61 $ 0.99 $ (1,480 ) Vested and exercisable as of 747,552 $ 1.52 7.61 $ 0.99 $ (987 ) Vested and exercisable as of June 30, 2017 and expected to vest thereafter 1,109,961 $ 1.52 7.61 $ 0.99 $ (1,465 ) |
Nonvested Restricted Stock Shares Activity [Table Text Block] | Unvested Number of Weighted– Unvested at December 31, 2016 568,420 $ — Granted 427,639 $ — Vested (265,833 ) $ 0.16 Canceled (284,210 ) $ — Unvested at June 30, 2017 446,016 $ — Expected to vest after June 30, 2017 446,016 $ — |
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Table Text Block] | Three Months Ended Six Months Ended 2017 2016 2017 2016 Selling, general and administrative expense $ 132 $ 121 $ 252 $ 280 Total stock-based compensation expense $ 132 $ 121 $ 252 $ 280 |
Note 17 - Reportable Segment 34
Note 17 - Reportable Segment and Geographical Information (Tables) | 6 Months Ended |
Jun. 30, 2017 | |
Notes Tables | |
Schedule of Segment Reporting Information, by Segment [Table Text Block] | Three Months Ended Six Months Ended 2017 2016 2017 2016 Reconciliation of Adjusted EBITDA to Net Loss Adjusted EBITDA $ (1,606 ) $ (2,371 ) $ (3,633 ) $ (4,886 ) Depreciation (413 ) (476 ) (753 ) (950 ) Interest (expense) income, net (3 ) 52 (7 ) 41 Income tax benefit (expense) 125 (199 ) 143 15 Restructuring 113 (192 ) (24 ) (194 ) Stock–based compensation (132 ) (121 ) (252 ) (280 ) Proceeds received from insurance claim 1,475 — 1,475 — Impairment of assets held for sale 173 (1,708 ) (267 ) (1,708 ) (Loss) gain on disposal of fixed assets (16 ) 2 (13 ) 2 Net Loss $ (284 ) $ (5,013 ) $ (3,331 ) $ (7,960 ) |
Revenue from External Customers by Geographic Areas [Table Text Block] | Three Months Ended Six Months Ended 2017 2016 2017 2016 Net Sales Spain $ 2,042 $ 2,568 $ 3,754 $ 6,415 China 983 4,122 2,974 6,687 United States 32 1 42 12 Total Net Sales $ 3,057 $ 6,691 $ 6,770 $ 13,114 |
Long-lived Assets by Geographic Areas [Table Text Block] | June 30, December 31, Long-Lived Assets United States $ 1,388 $ 1,448 Spain 6,275 5,990 China 557 535 Hong Kong 1 1 Total Long-Lived Assets $ 8,221 $ 7,974 |
Note 1 - Basis of Presentation
Note 1 - Basis of Presentation (Details Textual) $ in Millions | Dec. 01, 2016USD ($) |
Average Global Market Capitalization, Value | $ 5 |
Note 3 - Transaction With Zhe36
Note 3 - Transaction With Zhen Fa New Energy (U.S.) Co., Ltd. and Zhenfa Energy Group Co., Ltd. (Details Textual) | Dec. 15, 2014 | Jun. 30, 2017 |
Zhenfa [Member] | Manufacturing Facility [Member] | ||
Sales Service Agreement, Renewal Term | 1 year | |
Sales Service Agreement, Initial Term | 2 years | |
Zhenfa [Member] | Minimum Rent Free Period [Member] | Manufacturing Facility [Member] | ||
Lessee, Operating Lease, Term of Contract | 5 years | |
Zhenfa and Affiliates [Member] | STR Holdings, Inc. [Member] | ||
Subsidiary or Equity Method Investee, Cumulative Percentage Ownership after All Transactions | 10.00% | |
Share Purchase Agreement [Member] | Zhenfa Purchaser (U.S.) [Member] | STR Holdings, Inc. [Member] | ||
Subsidiary or Equity Method Investee, Cumulative Percentage Ownership after All Transactions | 51.00% |
Note 4 - Loss Per Share (Detail
Note 4 - Loss Per Share (Details Textual) - shares | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2017 | Jun. 30, 2016 | Jun. 30, 2017 | Jun. 30, 2016 | |
Employee Stock Option [Member] | ||||
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 1,121,332 | 1,176,887 | 1,121,332 | 1,176,887 |
Note 4 - Loss Per Share - (Loss
Note 4 - Loss Per Share - (Loss) Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2017 | Jun. 30, 2016 | Jun. 30, 2017 | Jun. 30, 2016 | |
Net loss | $ (284) | $ (5,013) | $ (3,331) | $ (7,960) |
Basic (in shares) | 18,913,427 | 18,380,904 | 18,839,391 | 18,307,545 |
Diluted (in shares) | 18,913,427 | 18,380,904 | 18,839,391 | 18,307,545 |
Basic (in dollars per share) | $ (0.02) | $ (0.27) | $ (0.18) | $ (0.44) |
Basic (in dollars per share) | $ (0.02) | $ (0.27) | $ (0.18) | $ (0.44) |
Note 5 - Bank Acceptance Note39
Note 5 - Bank Acceptance Notes (Details Textual) | 6 Months Ended |
Jun. 30, 2017 | |
Bankers Acceptance [Member] | |
Notes Receivable, Annual Effective Discount Rate on Bank Acceptance Notes | 5.50% |
Note 5 - Bank Acceptance Note40
Note 5 - Bank Acceptance Notes - Bank Acceptance Notes (Details) - USD ($) $ in Thousands | 6 Months Ended | 12 Months Ended |
Jun. 30, 2017 | Dec. 31, 2016 | |
Balance as of beginning of period | $ 3,360 | |
Balance as of end of period | 148 | $ 3,360 |
Bankers Acceptance [Member] | ||
Balance as of beginning of period | 3,360 | 92 |
Received from customers | 837 | 7,030 |
Converted to cash | (3,106) | |
Paid to suppliers | (1,025) | (3,756) |
Foreign exchange impact | 82 | (6) |
Balance as of end of period | $ 148 | $ 3,360 |
Note 6 - Inventories - Inventor
Note 6 - Inventories - Inventories (Details) - USD ($) $ in Thousands | Jun. 30, 2017 | Dec. 31, 2016 |
Finished goods | $ 511 | $ 470 |
Raw materials | 1,690 | 1,812 |
Reserve | (73) | (435) |
Inventories, net | $ 2,128 | $ 1,847 |
Note 8 - Assets Held for Sale (
Note 8 - Assets Held for Sale (Details Textual) $ in Thousands, MYR in Millions | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2017USD ($) | Jun. 30, 2016USD ($) | Jun. 30, 2017USD ($) | Jun. 30, 2016USD ($) | Jun. 30, 2016MYR | |
Proceeds from Sale of Property, Plant, and Equipment | $ 16 | ||||
Impairment of Long-Lived Assets to be Disposed of | $ (173) | $ 1,708 | 267 | $ 1,708 | |
Malaysia Facility [Member] | |||||
Proceeds from Sale of Property, Plant, and Equipment | 5,823 | MYR 25 | |||
Impairment of Long-Lived Assets to be Disposed of | $ 1,708 | $ 267 |
Note 9 - Accrued Liabilities -
Note 9 - Accrued Liabilities - Accrued Liabilities (Details) - USD ($) $ in Thousands | Jun. 30, 2017 | Dec. 31, 2016 |
Product performance (see Note 10) | $ 21 | |
Salaries and wages | 364 | 310 |
Accrued bonus | 375 | 270 |
Professional fees | 321 | 535 |
Restructuring severance and benefits (see Note 11) | 115 | 269 |
Environmental (see Note 10) | 57 | 57 |
Accrued franchise tax | 16 | 66 |
Client deposits | 1,142 | 922 |
Accrued income tax | 159 | |
Other | 207 | 167 |
Total accrued liabilities | $ 2,756 | $ 2,617 |
Note 10 - Commitments and Con44
Note 10 - Commitments and Contingencies (Details Textual) € in Millions | 6 Months Ended | ||
Jun. 30, 2017EUR (€) | Jun. 30, 2017USD ($) | Dec. 31, 2016USD ($) | |
Loss Contingency Accrual | $ 0 | $ 21,000 | |
Solaria Energia y Medio Ambiente S.A. [Member] | Damages from Product Defects [Member] | |||
Loss Contingency, Damages Sought, Value | € | € 3.3 | ||
Loss Contingency Accrual | 0 | 0 | |
Phase II Environmental Site Assessment [Member] | |||
Accrual for Environmental Loss Contingencies | $ 57,000 | $ 57,000 |
Note 11 - Cost Reduction Acti45
Note 11 - Cost Reduction Actions (Details Textual) - USD ($) $ in Thousands | 6 Months Ended | 12 Months Ended | ||
Jun. 30, 2017 | Dec. 31, 2016 | Jun. 30, 2016 | Dec. 31, 2015 | |
Restructuring Reserve | $ 115 | $ 269 | $ 438 | $ 268 |
Facility Closing [Member] | Johor, Malaysia [Member] | Cost of Sales [Member] | ||||
Severance Costs | 93 | 121 | ||
Facility Closing [Member] | Johor, Malaysia [Member] | Selling, General and Administrative Expenses [Member] | ||||
Severance Costs | $ 48 | $ 108 |
Note 11 - Cost Reduction Acti46
Note 11 - Cost Reduction Actions - Schedule of Restructuring Costs (Details) - USD ($) $ in Thousands | 6 Months Ended | |
Jun. 30, 2017 | Jun. 30, 2016 | |
Balance as of beginning of year | $ 269 | $ 268 |
Additions | 143 | 194 |
Reductions | (177) | (24) |
Reversals | (120) | |
Balance as of end of period | $ 115 | $ 438 |
Note 12 - Fair Value Measurem47
Note 12 - Fair Value Measurements - Fair Value Measurements of Financial Assets and Liabilities (Details) - USD ($) $ in Thousands | Jun. 30, 2017 | Dec. 31, 2016 | |
Fair Value, Inputs, Level 1 [Member] | |||
Fair Value Assets | $ 4,609 | $ 10,789 | |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Nonrecurring [Member] | |||
Fair Value Assets | [1] | ||
Fair Value, Inputs, Level 2 [Member] | |||
Fair Value Assets | |||
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Nonrecurring [Member] | |||
Fair Value Assets | [1] | ||
Fair Value, Inputs, Level 3 [Member] | |||
Fair Value Assets | 5,823 | 6,090 | |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member] | |||
Fair Value Assets | [1] | 5,823 | 6,090 |
Money Market Funds [Member] | Fair Value, Inputs, Level 1 [Member] | |||
Fair Value Assets | [2] | 4,461 | 7,429 |
Money Market Funds [Member] | Fair Value, Inputs, Level 2 [Member] | |||
Fair Value Assets | [2] | ||
Money Market Funds [Member] | Fair Value, Inputs, Level 3 [Member] | |||
Fair Value Assets | [2] | ||
Bankers Acceptance [Member] | Fair Value, Inputs, Level 1 [Member] | |||
Fair Value Assets | [3] | 148 | 3,360 |
Bankers Acceptance [Member] | Fair Value, Inputs, Level 2 [Member] | |||
Fair Value Assets | [3] | ||
Bankers Acceptance [Member] | Fair Value, Inputs, Level 3 [Member] | |||
Fair Value Assets | [3] | ||
[1] | Included in assets held for sale on the Company's Condensed Consolidated Balance Sheets. Refer to Note 8 for further information. | ||
[2] | Included in cash and cash equivalents on the Company's Condensed Consolidated Balance Sheets. The carrying amount of money market funds is a reasonable estimate of fair value due to the short-term maturity. | ||
[3] | Refer to Note 5 for further information. |
Note 13 - Factoring Arrangeme48
Note 13 - Factoring Arrangement (Details Textual) $ in Thousands, € in Millions | 1 Months Ended | |||
Oct. 31, 2015 | Jun. 30, 2017USD ($) | Jun. 30, 2017EUR (€) | Dec. 31, 2016USD ($) | |
Due To Factor, Current | $ 533 | $ 381 | ||
Eurofactor Hispania S.A.U [Member] | Factoring Agreement to Sell with Recourse [Member] | ||||
Factoring Agreement Maximum Outstanding Amount | $ 1,714 | € 1.5 | ||
Term of Agreement | 1 year | |||
Written Notice Period Prior to End of Current Term | 90 days | |||
Eurofactor Hispania S.A.U [Member] | Factoring Agreement to Sell with Recourse [Member] | Euro Interbank Offered Rate (EURIBOR) [Member] | ||||
Loans Receivable, Basis Spread on Variable Rate | 2.00% | |||
Eurofactor Hispania S.A.U [Member] | Factoring Agreement to Sell with Recourse [Member] | London Interbank Offered Rate (LIBOR) [Member] | ||||
Loans Receivable, Basis Spread on Variable Rate | 2.00% |
Note 14 - Income Taxes (Details
Note 14 - Income Taxes (Details Textual) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2017 | Jun. 30, 2016 | Jun. 30, 2017 | Jun. 30, 2016 | |
Current Federal Tax Expense (Benefit) | $ 0 | $ 0 | $ 0 | $ 0 |
Current Foreign Tax Expense (Benefit) | 0 | 0 | 0 | 0 |
Current State and Local Tax Expense (Benefit) | 0 | 0 | 0 | 0 |
Income Tax Expense (Benefit) | $ (125) | 199 | $ (143) | (15) |
Internal Revenue Service (IRS) [Member] | ||||
Income Tax Examination, Liability (Refund) Adjustment from Settlement with Taxing Authority | $ 8,252 | $ 8,252 |
Note 15 - Stockholders' Equit50
Note 15 - Stockholders' Equity (Details Textual) | 6 Months Ended | |
Jun. 30, 2017$ / sharesshares | Dec. 31, 2016$ / sharesshares | |
Common Stock, Shares Authorized | 200,000,000 | 200,000,000 |
Common Stock, Par or Stated Value Per Share | $ / shares | $ 0.01 | $ 0.01 |
Common Stock, Shares, Issued | 19,383,016 | 19,239,587 |
Common Stock, Shares, Outstanding | 19,381,776 | 19,238,347 |
Common Stock, Voting Rights Number | 1 | |
Restricted Stock [Member] | ||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number | 446,016 | 568,420 |
Common Stock [Member] | ||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number | 18,935,760 |
Note 15 - Stockholders' Equit51
Note 15 - Stockholders' Equity - Schedule of Changes in Stockholders' Equity (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2017 | Jun. 30, 2016 | Jun. 30, 2017 | Jun. 30, 2016 | |
Balance at December 31, 2016 | $ 31,355 | |||
Stock-based compensation | 228 | |||
Net loss | (3,331) | |||
Foreign currency translation, net of tax | $ 501 | $ (303) | 631 | $ 94 |
Balance at end of period | 28,883 | 28,883 | ||
Common Stock [Member] | ||||
Balance at December 31, 2016 | $ 187 | |||
Balance at December 31, 2016 (in shares) | 18,669,927 | |||
Stock-based compensation (in shares) | 265,833 | |||
Stock-based compensation | $ 2 | |||
Net loss | ||||
Foreign currency translation, net of tax | ||||
Balance at end of period | $ 189 | $ 189 | ||
Balance at end of period (in shares) | 18,935,760 | 18,935,760 | ||
Treasury Stock [Member] | ||||
Balance at December 31, 2016 | $ (57) | |||
Balance at December 31, 2016 (in shares) | 1,240 | |||
Stock-based compensation (in shares) | ||||
Stock-based compensation | ||||
Net loss | ||||
Foreign currency translation, net of tax | ||||
Balance at end of period | $ (57) | $ (57) | ||
Balance at end of period (in shares) | 1,240 | 1,240 | ||
Additional Paid-in Capital [Member] | ||||
Balance at December 31, 2016 | $ 231,627 | |||
Stock-based compensation | 226 | |||
Net loss | ||||
Foreign currency translation, net of tax | ||||
Balance at end of period | $ 231,853 | 231,853 | ||
AOCI Attributable to Parent [Member] | ||||
Balance at December 31, 2016 | (6,431) | |||
Stock-based compensation | ||||
Net loss | ||||
Foreign currency translation, net of tax | 631 | |||
Balance at end of period | (5,800) | (5,800) | ||
Retained Earnings [Member] | ||||
Balance at December 31, 2016 | (193,971) | |||
Stock-based compensation | ||||
Net loss | (3,331) | |||
Foreign currency translation, net of tax | ||||
Balance at end of period | $ (197,302) | $ (197,302) |
Note 16 - Stock-based Compens52
Note 16 - Stock-based Compensation (Details Textual) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | 6 Months Ended | |
Jun. 30, 2017 | Jun. 30, 2017 | May 14, 2013 | |
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant | 1,088,140 | 1,088,140 | |
Share Price | $ 0.20 | $ 0.20 | |
Proceeds from Stock Options Exercised | $ 0 | $ 0 | |
Employee Stock Option [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period | 10 years | ||
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized | 216 | $ 216 | |
Employee Stock Option [Member] | Minimum [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | 3 years | ||
Employee Stock Option [Member] | Maximum [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | 4 years | ||
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition | 1 year | ||
Restricted Stock [Member] | |||
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized | $ 37 | $ 37 | |
Restricted Stock [Member] | Maximum [Member] | |||
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition | 1 year | ||
Equity Incentive Plan 2009 [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized | 4,133,133 |
Note 16 - Stock-based Compens53
Note 16 - Stock-based Compensation - Summary of Stock Options Activity (Details) - Employee Stock Option [Member] - USD ($) $ / shares in Units, $ in Thousands | 6 Months Ended | 12 Months Ended | |
Jun. 30, 2017 | Dec. 31, 2016 | ||
Options Outstanding, Number of shares, Beginning balance (in shares) | 1,121,332 | ||
Options Outstanding, Weighted–average exercise price, Beginning balance (in dollars per share) | $ 1.52 | ||
Balance at June 30, 2017 (in dollars per share) | $ 1.52 | $ 1.52 | |
Balance at June 30, 2017 (Year) | 7 years 222 days | ||
Options outstanding, Weighted–average Grant–date fair value, Beginning balance (in dollars per share) | $ 0.99 | $ 0.99 | |
Options outstanding, Aggregate intrinsic value, Beginning balance | [1] | $ (1,480) | $ (1,480) |
Vested and exercisable, as of March 31, 2016, Number of shares (in shares) | 747,552 | ||
Vested and exercisable, as of March 31, 2016, Weighted–average exercise price (in dollars per share) | $ 1.52 | ||
Vested and exercisable as of March 31, 2016, Weighted–average remaining contractual term (Year) | 7 years 222 days | ||
Vested and exercisable as of June 30, 2017 (in dollars per share) | $ 0.99 | ||
Vested and exercisable as of June 30, 2017 | [1] | $ (987) | |
Vested and exercisable as of June 30, 2017 and expected to vest thereafter (in shares) | 1,109,961 | ||
Vested and exercisable as of June 30, 2017 and expected to vest thereafter (in dollars per share) | $ 1.52 | ||
Vested and exercisable as of June 30, 2017 and expected to vest thereafter (Year) | 7 years 222 days | ||
Options granted, Number of shares (in shares) | |||
Options granted, Weighted–average exercise price (in dollars per share) | |||
Options granted, Weighted–average Grant–date fair value (in dollars per share) | |||
Options granted, Aggregate intrinsic value | [1] | ||
Exercised, Number of shares (in shares) | |||
Exercised, Weighted–average exercise price (in dollars per share) | |||
Canceled/forfeited, Number of shares (in shares) | |||
Canceled/forfeited, Weighted-average exercise price (in dollars per share) | |||
Canceled/forfeited, Weighted-average Grant-date fair value (in dollars per share) | |||
Canceled/forfeited, Aggregate intrinsic value | [1] | ||
Balance at June 30, 2017 (in shares) | 1,121,332 | 1,121,332 | |
Vested and exercisable as of June 30, 2017 and expected to vest thereafter (in dollars per share) | $ 0.99 | ||
Vested and exercisable as of June 30, 2017 and expected to vest thereafter | [1] | $ (1,465) | |
[1] | The aggregate intrinsic value is calculated as the difference between the exercise price of the underlying awards and the closing stock price of $0.20 of the Company's common stock on June 30, 2017. |
Note 16 - Stock-based Compens54
Note 16 - Stock-based Compensation - Summary of Restricted Common Stock Activity (Details) - Restricted Stock [Member] - $ / shares | 6 Months Ended | |
Jun. 30, 2017 | Jun. 30, 2017 | |
Unvested restricted shares, Number of shares, Beginning balance (in shares) | 568,420 | |
Unvested, Weighted-average grant-date fair value (in dollars per share) | ||
Granted, Number of shares (in shares) | 427,639 | |
Granted, Weighted-average grant-date fair value (in dollars per share) | ||
Vested, Number of shares (in shares) | (265,833) | |
Vested, Weighted-average grant-date fair value (in dollars per share) | $ 0.16 | |
Unvested, Weighted-average grant-date fair value (in dollars per share) | ||
Expected to vest, Number of shares (in shares) | 446,016 | 446,016 |
Expected to vest after June 30, 2017 (in dollars per share) | ||
Canceled, Number of shares (in shares) | (284,210) | |
Canceled, Weighted-average grant-date fair value (in dollars per share) | ||
Unvested restricted shares, Number of shares, Ending balance (in shares) | 446,016 |
Note 16 - Stock-based Compens55
Note 16 - Stock-based Compensation - Schedule of Stock-based Compensation Expense (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2017 | Jun. 30, 2016 | Jun. 30, 2017 | Jun. 30, 2016 | |
Total stock-based compensation expense | $ 132 | $ 121 | $ 252 | $ 280 |
Selling, General and Administrative Expenses [Member] | ||||
Total stock-based compensation expense | $ 132 | $ 121 | $ 252 | $ 280 |
Note 17 - Reportable Segment 56
Note 17 - Reportable Segment and Geographical Information (Details Textual) $ in Thousands | 3 Months Ended | 6 Months Ended | 12 Months Ended | ||
Jun. 30, 2017USD ($) | Jun. 30, 2016USD ($) | Jun. 30, 2017USD ($) | Jun. 30, 2016USD ($) | Dec. 31, 2016USD ($) | |
Number of Products Sold by Entity | 1 | ||||
Number of Industries in Which Products are Sold | 1 | ||||
Number of Reportable Segments | 1 | ||||
Revenue, Net | $ 3,057 | $ 6,691 | $ 6,770 | $ 13,114 | |
Customer Concentration Risk [Member] | Sales Revenue, Net [Member] | |||||
Number of Major Customers | 1 | 3 | 1 | 1 | |
Revenue, Net | $ 683 | $ 3,066 | $ 1,330 | $ 2,512 | |
Customer Concentration Risk [Member] | Accounts Receivable [Member] | |||||
Accounts Receivable, Gross, Current | $ 271 | $ 271 | $ 597 | ||
Number of Major Customers | 1 | 2 |
Note 17 - Reportable Segment 57
Note 17 - Reportable Segment and Geographical Information - Schedule of Operations by Reportable Segment (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2017 | Jun. 30, 2016 | Jun. 30, 2017 | Jun. 30, 2016 | |
Adjusted EBITDA | $ (1,606) | $ (2,371) | $ (3,633) | $ (4,886) |
Depreciation | (413) | (476) | (753) | (950) |
Interest (expense) income, net | (3) | 52 | (7) | 41 |
Income tax benefit (expense) | 125 | (199) | 143 | 15 |
Restructuring | 113 | (192) | (24) | (194) |
Stock–based compensation | (132) | (121) | (252) | (280) |
Proceeds from insurance claim | 1,475 | 1,475 | ||
Impairment of assets held for sale | 173 | (1,708) | (267) | (1,708) |
(Loss) gain on disposal of fixed assets | (16) | 2 | (13) | 2 |
Net Loss | $ (284) | $ (5,013) | $ (3,331) | $ (7,960) |
Note 17 - Reportable Segment 58
Note 17 - Reportable Segment and Geographical Information - Schedule of Operations by Geographic Area (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2017 | Jun. 30, 2016 | Jun. 30, 2017 | Jun. 30, 2016 | |
Net sales | $ 3,057 | $ 6,691 | $ 6,770 | $ 13,114 |
SPAIN | ||||
Net sales | 2,042 | 2,568 | 3,754 | 6,415 |
CHINA | ||||
Net sales | 983 | 4,122 | 2,974 | 6,687 |
UNITED STATES | ||||
Net sales | $ 32 | $ 1 | $ 42 | $ 12 |
Note 17 - Reportable Segment 59
Note 17 - Reportable Segment and Geographical Information - Schedule of Long-lived Assets by Geographic Area (Details) - USD ($) $ in Thousands | Jun. 30, 2017 | Dec. 31, 2016 |
Long-Lived Assets | $ 8,221 | $ 7,974 |
UNITED STATES | ||
Long-Lived Assets | 1,388 | 1,448 |
SPAIN | ||
Long-Lived Assets | 6,275 | 5,990 |
CHINA | ||
Long-Lived Assets | 557 | 535 |
HONG KONG | ||
Long-Lived Assets | $ 1 | $ 1 |
Note 18 - Related Party Trans60
Note 18 - Related Party Transaction (Details Textual) - Huhui Supply Agreement [Member] $ in Thousands | 3 Months Ended | 6 Months Ended | 12 Months Ended | |
Jun. 30, 2017USD ($) | Jun. 30, 2017USD ($) | Dec. 31, 2015USD ($) | Dec. 31, 2014MWh | |
Related Party Transaction, Agreement Term | 1 year | |||
Related Party Transaction, Additional Agreement, Term | 180 days | |||
Related Party Transaction, Automatic Renewal Additional Term | 1 year | |||
Zhangjiagang Huhui Segpv Co Ltd [Member] | ||||
Related Party Transaction, Minimum Square Meters Transaction | MWh | 535 | |||
Related Party Transaction, Deposit Percentage on Minimum Amount | 10.00% | |||
Related Party Transaction, Notice Period Prior to End of Current Term | 90 days | |||
Revenue from Related Parties | $ 0 | $ 0 | ||
Zhangjiagang Huhui Segpv Co Ltd [Member] | Accrued Liabilities [Member] | ||||
Related Party Transaction, Client Deposit Received from Related Party | $ 1,148 |