Document And Entity Information
Document And Entity Information - shares | 9 Months Ended | |
Sep. 30, 2019 | Oct. 31, 2019 | |
Document Information [Line Items] | ||
Entity Registrant Name | STR HOLDINGS, INC. | |
Entity Central Index Key | 0001473597 | |
Current Fiscal Year End Date | --12-31 | |
Entity Filer Category | Non-accelerated Filer | |
Entity Current Reporting Status | Yes | |
Entity Emerging Growth Company | false | |
Entity Small Business | true | |
Entity Common Stock, Shares Outstanding (in shares) | 20,152,029 | |
Entity Shell Company | false | |
Document Type | 10-Q | |
Document Period End Date | Sep. 30, 2019 | |
Document Fiscal Year Focus | 2019 | |
Document Fiscal Period Focus | Q3 | |
Amendment Flag | false |
Condensed Consolidated Balance
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands | Sep. 30, 2019 | Dec. 31, 2018 |
CURRENT ASSETS | ||
Cash and cash equivalents | $ 4,914 | $ 5,639 |
Accounts receivable, trade, less allowances for doubtful accounts of $3,270 and $2,163 in 2019 and 2018, respectively | 718 | 2,261 |
Inventories, net | 1,115 | 1,808 |
Prepaid expenses | 460 | 501 |
Other current assets | 1,172 | 642 |
Total current assets | 8,379 | 10,851 |
Property, plant and equipment, net | 10,201 | 10,887 |
Assets held for sale (Note 6) | 5,336 | 5,336 |
Other long-term assets | 86 | 75 |
Total assets | 24,002 | 27,149 |
CURRENT LIABILITIES | ||
Accounts payable | 1,430 | 2,218 |
Accrued liabilities (Note 7) | 1,595 | 1,348 |
Income taxes payable | 902 | 900 |
Due to factor | 160 | 374 |
Total current liabilities | 4,087 | 4,840 |
Long-term debt | 5,038 | |
Deferred tax liabilities | 306 | |
Total liabilities | 9,125 | 5,146 |
COMMITMENTS AND CONTINGENCIES (Note 8) | ||
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; 20,153,269 and 20,152,029 issued and outstanding, respectively, in 2019 and 20,153,269 and 20,152,029 issued and outstanding, respectively, in 2018 | 201 | 201 |
Treasury stock, 1,240 shares at cost | (57) | (57) |
Additional paid–in capital | 232,345 | 232,345 |
Accumulated deficit | (211,711) | (204,832) |
Accumulated other comprehensive loss, net | (5,901) | (5,654) |
Total stockholders’ equity | 14,877 | 22,003 |
Total liabilities and stockholders’ equity | $ 24,002 | $ 27,149 |
Condensed Consolidated Balanc_2
Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($) $ in Thousands | Sep. 30, 2019 | Dec. 31, 2018 |
Allowance for doubtful accounts | $ 3,270 | $ 2,163 |
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) | 20,153,269 | 20,153,269 |
Common stock, outstanding (in shares) | 20,152,029 | 20,152,029 |
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 | 9 Months Ended | ||
Sep. 30, 2019 | Sep. 30, 2018 | Sep. 30, 2019 | Sep. 30, 2018 | |
Net sales | $ 1,235 | $ 2,547 | $ 4,753 | $ 8,808 |
Cost of sales | 2,097 | 3,006 | 7,539 | 8,941 |
Gross loss | (862) | (459) | (2,786) | (133) |
Selling, general and administrative expenses | 1,145 | 1,342 | 3,707 | 4,414 |
Research and development expense | 185 | 200 | 568 | 605 |
Provision for bad debt expense | 341 | 380 | 1,131 | 386 |
Asset impairment expense | 514 | 514 | ||
Operating loss | (3,047) | (2,381) | (8,706) | (5,538) |
Interest (expense) income, net | (14) | 6 | (26) | 21 |
Other income, net | 1,686 | 880 | 1,617 | 2,083 |
Gain/(loss) on disposal of fixed assets | 155 | (38) | 156 | (421) |
Foreign currency transaction (loss) gain | (226) | 9 | (226) | (153) |
Loss before income tax (benefit) expense | (1,446) | (1,524) | (7,185) | (4,008) |
Income tax (benefit) expense | 0 | (221) | (306) | 50 |
Net loss | (1,446) | (1,303) | (6,879) | (4,058) |
Other comprehensive loss: | ||||
Foreign currency translation (net of tax effect of $(46), $(12), $(63) and $(48), respectively) | (119) | (151) | (247) | (239) |
Other comprehensive loss | (119) | (151) | (247) | (239) |
Comprehensive loss | $ (1,565) | $ (1,454) | $ (7,126) | $ (4,297) |
Net loss per share (Note 3): | ||||
Basic (in dollars per share) | $ (0.07) | $ (0.07) | $ (0.34) | $ (0.21) |
Diluted (in dollars per share) | $ (0.07) | $ (0.07) | $ (0.34) | $ (0.21) |
Weighted–average shares outstanding (Note 3): | ||||
Basic (in shares) | 20,152,029 | 20,076,021 | 20,152,029 | 19,684,004 |
Diluted (in shares) | 20,152,029 | 20,076,021 | 20,152,029 | 19,684,004 |
Condensed Consolidated Statem_2
Condensed Consolidated Statements of Comprehensive Loss (Unaudited) (Parentheticals) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2019 | Sep. 30, 2018 | Sep. 30, 2019 | Sep. 30, 2018 | |
Foreign currency translation, tax | $ (46) | $ (12) | $ (63) | $ (48) |
Condensed Consolidated Statem_3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands | 9 Months Ended | |
Sep. 30, 2019 | Sep. 30, 2018 | |
OPERATING ACTIVITIES | ||
Net loss | $ (6,879) | $ (4,058) |
Adjustments to reconcile net loss to net cash provided by operating activities: | ||
Depreciation | 716 | 552 |
Stock–based compensation expense | 177 | |
(Gain) loss on disposal of property, plant and equipment | (156) | 421 |
Provision for bad debt expense | 1,131 | 386 |
Impairment of assets held for sale | 885 | |
Impairment of Long-Lived Assets Held-for-use | 514 | |
(Recovery) provision for deferred taxes | (306) | 50 |
Customer forfeiture of deposit | (907) | |
Changes in operating assets and liabilities: | ||
Accounts receivable | 392 | (1,283) |
Inventories, net | 658 | (17) |
Other current assets | (584) | 850 |
Accounts payable | (1,012) | (284) |
Accrued liabilities | 436 | 257 |
Income taxes payable | 4 | 5 |
Other, net | 316 | 353 |
Total net cash used in operating activities | (4,770) | (2,613) |
INVESTING ACTIVITIES | ||
Capital investments | (1,372) | (453) |
Proceeds from sale of fixed assets | 327 | 230 |
Total net cash used in investing activities | (1,045) | (223) |
FINANCING ACTIVITIES | ||
Proceeds from long-term debt | 5,038 | |
Factoring arrangement | (202) | (226) |
Total net cash provided by (used in) financing activities | 4,836 | (226) |
Effect of exchange rate changes on cash | 254 | 119 |
Net change in cash and cash equivalents | (725) | (2,943) |
Cash and cash equivalents, beginning of period | 5,639 | 13,499 |
Cash and cash equivalents, end of period | $ 4,914 | $ 10,556 |
Note 1 - Basis of Presentation
Note 1 - Basis of Presentation | 9 Months Ended |
Sep. 30, 2019 | |
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, 2018, 10–K March 27, 2019, April 26, 2019. 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. Liquidity The Condensed Consolidated Financial Statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. Management has evaluated whether relevant conditions or events, considered in the aggregate, indicate that there is substantial doubt about the Company’s ability to continue as a going concern. Substantial doubt exists when conditions and events, considered in the aggregate, indicate it is probable that the Company will be unable to meet its obligations as they become due during the next 12 If the Company does not not The Company has historically incurred significant losses during its attempts to reduce cash burn, stabilize the existing platform and invest in new areas of growth. As of September 30, 2019, $4,292 $4,914 July 2019, 12 $3,000. September 30, 2019, $500 March 2019, €2,000 $2,180 September 30, 2019) September 2019, €2,622 $2,858 September 30, 2019) €900 $981 September 30, 2019) 12. Based on the Company’s projected cash requirements for operations and capital expenditures, its available cash as of September 30, 2019 $4,914 2019 12 resources will be adversely affected and the Company may may no |
Note 2 - Recent Accounting Pron
Note 2 - Recent Accounting Pronouncements | 9 Months Ended |
Sep. 30, 2019 | |
Notes to Financial Statements | |
New Accounting Pronouncements and Changes in Accounting Principles [Text Block] | NOTE 2—RECENT Recent Accounting Pronouncements In February 2016, 2016 02, 842 2016 02 December 15, 2018, no There are no may |
Note 3 - Loss Per Share
Note 3 - Loss Per Share | 9 Months Ended |
Sep. 30, 2019 | |
Notes to Financial Statements | |
Earnings Per Share [Text Block] | NOTE 3—LOSS The calculation of basic and diluted net loss per share for the periods presented is as follows: Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Basic and diluted net loss per share Numerator: Net loss $ (1,446 ) $ (1,303 ) $ (6,879 ) $ (4,058 ) Denominator: Weighted–average shares outstanding 20,152,029 20,076,021 20,152,029 19,684,004 Add: Dilutive effect of stock options — — — — Dilutive effect of restricted common stock — — — — Weighted–average shares outstanding with dilution 20,152,029 20,076,021 20,152,029 19,684,004 Net loss per share: Basic $ (0.07 ) $ (0.07 ) $ (0.34 ) $ (0.21 ) Diluted $ (0.07 ) $ (0.07 ) $ (0.34 ) $ (0.21 ) Due to the net loss for the three nine September 30, 2019 2018, not Because the effect would be anti-dilutive, there were 1,121,332 not three nine September 30, 2019 2018. |
Note 4 - Inventories
Note 4 - Inventories | 9 Months Ended |
Sep. 30, 2019 | |
Notes to Financial Statements | |
Inventory Disclosure [Text Block] | NOTE 4—INVENTORIES Inventories consist of the following: September 30, 2019 December 31, 2018 Finished goods $ 358 $ 544 Raw materials 1,150 1,274 Reserve (393 ) (10 ) Inventories, net $ 1,115 $ 1,808 |
Note 5 - Long-lived Assets
Note 5 - Long-lived Assets | 9 Months Ended |
Sep. 30, 2019 | |
Notes to Financial Statements | |
Property, Plant and Equipment Disclosure [Text Block] | NOTE 5—LONG Impairment Testing In accordance with ASC 360 may not At September 30, 2019 December 31, 2018, three $514 September 30, 2019, may |
Note 6 - Assets Held for Sale
Note 6 - Assets Held for Sale | 9 Months Ended |
Sep. 30, 2019 | |
Notes to Financial Statements | |
Long-lived Assets Held for Sale Disclosure [Text Block] | NOTE 6—ASSETS In July 2015, August 2, 2015, On November 1, 2018, RM22,500 $5,266, September 30, 2019) January 10, 2019. October 9, 2019, fourth 2019, In accordance with ASC 360 360 10 45 9 September 30, 2019 December 31, 2018 $885 first nine 2018. |
Note 7 - Accrued Liabilities
Note 7 - Accrued Liabilities | 9 Months Ended |
Sep. 30, 2019 | |
Notes to Financial Statements | |
Accounts Payable and Accrued Liabilities Disclosure [Text Block] | NOTE 7—ACCRUED Accrued liabilities consist of the following: September 30, 2019 December 31, 2018 Salaries and wages $ 298 $ 181 Accrued bonus 336 326 Professional fees 476 238 Restructuring severance and benefits (see Note 9) 89 102 Environmental (see Note 8 57 57 Accrued franchise tax 175 164 Client deposits 119 224 Other 45 56 Total accrued liabilities $ 1,595 $ 1,348 |
Note 8 - Commitments and Contin
Note 8 - Commitments and Contingencies | 9 Months Ended |
Sep. 30, 2019 | |
Notes to Financial Statements | |
Commitments and Contingencies Disclosure [Text Block] | NOTE 8—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’s product performance liability that is recorded in accrued liabilities in the Condensed Consolidated Balance Sheets was $0 September 30, 2019 December 31, 2018. Environmental During 2010, 10 450 $57 September 30, 2019 December 31, 2018. Solaria In October 2016, No. 8 STR Spain purchased from a vendor in 2005 2006 2006. €3,300, A trial was held on April 6, 2017 January 9, 2019, February 8, 2019 no no September 30, 2019 December 31, 2018 |
Note 9 - Cost-reduction Actions
Note 9 - Cost-reduction Actions | 9 Months Ended |
Sep. 30, 2019 | |
Notes to Financial Statements | |
Restructuring and Related Activities Disclosure [Text Block] | NOTE 9—COST REDUCTION ACTIONS In March 2017, second 2017. not $112 $29 2017 $67 2018. third 2017. In June 2018, June 18, 2018. $635 $67 2018. The restructuring accrual consists of $89 September 30, 2019. September 30, 2019 September 30, 2018 Balance as of beginning of year $ 102 $ 87 Additions — 762 Reductions (13 ) (747 ) Balance as of end of period $ 89 $ 102 |
Note 10 - Fair Value Measuremen
Note 10 - Fair Value Measurements | 9 Months Ended |
Sep. 30, 2019 | |
Notes to Financial Statements | |
Fair Value Disclosures [Text Block] | NOTE 10—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 September 30, 2019: Financial assets and liabilities at fair value as of September 30, 2019 Level 1 Level 2 Level 3 Money market funds (1) $ 161 $ — $ — Non-recurring fair value measurements (2) $ — $ — $ 5,336 Total $ 161 $ — $ 5,336 The following table provides the fair value measurements of applicable financial assets and liabilities as of December 31, 2018: Financial assets and liabilities at fair value as of December 31, 2018 Level 1 Level 2 Level 3 Money market funds (1) $ 2,494 $ — $ — Non-recurring fair value measurements (2) $ — $ — $ 5,336 Total $ 2,494 $ — $ 5,336 ( 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 Included in assets held for sale on the Company’s Condensed Consolidated Balance Sheets. Refer to Note 6 |
Note 11 - Factoring Arrangement
Note 11 - Factoring Arrangement | 9 Months Ended |
Sep. 30, 2019 | |
Notes to Financial Statements | |
Factoring Arrangement Disclosure [Text Block] | NOTE 11—FACTORING In October 2015, first 2017. one €1,500 $1,635 September 30, 2019), 2% 2% one 90 September 30, 2019 December 31, 2018 $160 $374, |
Note 12 - Long-term Debt
Note 12 - Long-term Debt | 9 Months Ended |
Sep. 30, 2019 | |
Notes to Financial Statements | |
Long-term Debt [Text Block] | NOTE 12—LONG On March 13, 2019, €2,000 $2,180 September 30, 2019). December 31, 2025, €100 March 31, 2021. first two 2%, 1% 5% fifth may On September 10, 2019, €2,622 $2,858 September 30, 2019). September 2029, seven €375 September 2023. 1.647% €900. €2,622 €900 $981 September 30, 2019) |
Note 13 - Income Taxes
Note 13 - Income Taxes | 9 Months Ended |
Sep. 30, 2019 | |
Notes to Financial Statements | |
Income Tax Disclosure [Text Block] | NOTE 13—INCOME During the three nine September 30, 2019, no $306 0.0% 4.3%, three nine September 30, 2019 During the three nine September 30, 2018, $221 $50 14.5% 1.2% three nine September 30, 2018 |
Note 14 - Stockholders' Equity
Note 14 - Stockholders' Equity | 9 Months Ended |
Sep. 30, 2019 | |
Notes to Financial Statements | |
Stockholders' Equity Note Disclosure [Text Block] | NOTE 14—STOCKHOLDERS’ Changes in stockholders’ equity for the twelve December 31, 2018 nine September 30, 2019 Common Stock Treasury Stock Additional Accumulated Other Comprehensive Accumulated Total Issued Amount Acquired Amount Capital Loss Deficit Equity Balance at December 31, 2017 19,532,573 $ 195 1,240 $ (57 ) $ 232,149 $ (5,355 ) $ (199,072 ) $ 27,860 Stock–based compensation 65,624 1 — — 46 — — 47 Net earnings — — — — — — 319 319 Foreign currency translation, net of tax — — — — — 454 — 454 Balance at March 31, 2018 19,598,197 $ 196 1,240 $ (57 ) $ 232,195 $ (4,901 ) $ (198,753 ) $ 28,680 Stock–based compensation 440,024 4 — — 120 — — 124 Net loss — — — — — — (3,074 ) (3,074 ) Foreign currency translation, net of tax — — — — — (542 ) — (542 ) Balance at June 30, 2018 20,038,221 $ 200 1,240 $ (57 ) $ 232,315 $ (5,443 ) $ (201,827 ) $ 25,188 Stock–based compensation 63,000 1 — — 15 — — 16 Net loss — — — — — — (1,303 ) (1,303 ) Foreign currency translation, net of tax — — — — — (151 ) — (151 ) Balance at September 30, 2018 20,101,221 $ 201 1,240 $ (57 ) $ 232,330 $ (5,594 ) $ (203,130 ) $ 23,750 Stock–based compensation 50,808 — — — 15 — — 15 Net loss — — — — — — (1,702 ) (1,702 ) Foreign currency translation, net of tax — — — — — (60 ) — (60 ) Balance at December 31, 2018 20,152,029 $ 201 1,240 $ (57 ) $ 232,345 $ (5,654 ) $ (204,832 ) $ 22,003 Net loss — — — — — — (2,856 ) (2,856 ) Foreign currency translation, net of tax — — — — — (119 ) — (119 ) Balance at March 31, 2019 20,152,029 $ 201 1,240 $ (57 ) $ 232,345 $ (5,773 ) $ (207,688 ) $ 19,028 Net loss — — — — — — (2,577 ) (2,577 ) Foreign currency translation, net of tax — — — — — (9 ) — (9 ) Balance at June 30, 2019 20,152,029 $ 201 1,240 $ (57 ) $ 232,345 $ (5,782 ) $ (210,265 ) $ 16,442 Net loss — — — — — — (1,446 ) (1,446 ) Foreign currency translation, net of tax — — — — — (119 ) — (119 ) Balance at September 30, 2019 20,152,029 $ 201 1,240 $ (57 ) $ 232,345 $ (5,901 ) $ (211,711 ) $ 14,877 Common Stock The Company’s Board of Directors has authorized 200,000,000 $0.01 September 30, 2019, 20,153,269 20,152,029 one |
Note 15 - Stock-based Compensat
Note 15 - Stock-based Compensation | 9 Months Ended |
Sep. 30, 2019 | |
Notes to Financial Statements | |
Share-based Payment Arrangement [Text Block] | NOTE 15—STOCK On November 6, 2009, 2009 “2009 May 14, 2013, 2009 4,133,133 2009 2009 2009 determine the terms and conditions of the award, including the number of shares subject to the award, the vesting terms of the award, and the purchase price for the award. Awards may three four ten 317,323 2009 September 30, 2019. September 24, 2019, 2009 The following table summarizes the options activity under the Company’s 2009 nine September 30, 2019: Options Outstanding Number Weighted– Weighted– Weighted– Aggregate Balance at December 31, 2018 1,121,332 $ 1.52 — $ 0.99 $ — Options granted — $ — — $ — $ — Exercised — $ — — $ — $ — Canceled/forfeited — $ — — $ — $ — Balance at September 30, 2019 1,121,332 $ 1.52 5.36 $ 0.99 $ — Vested and exercisable as of September 30, 2019 1,121,332 $ 1.52 5.36 $ 0.99 $ — Vested and exercisable as of September 30, 2019 and expected to vest thereafter 1,121,332 $ 1.52 5.36 $ 0.99 $ — ( 1 $0.14 September 30, 2019 As of September 30, 2019, $0 not nine September 30, 2019. Stock-based compensation expense was included in the following Condensed Consolidated Statements of Comprehensive Loss categories for operations: Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Selling, general and administrative expense $ — $ 16 $ — $ 177 Total stock-based compensation expense $ — $ 16 $ — $ 177 |
Note 16 - Geographical Informat
Note 16 - Geographical Information | 9 Months Ended |
Sep. 30, 2019 | |
Notes to Financial Statements | |
Segment Reporting Disclosure [Text Block] | NOTE 16—GEOGRAPHICAL ASC 280 10 50 one one one Operations by Geographic Area Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Net Sales Spain 612 $ 1,341 $ 2,278 $ 4,724 United States 623 150 1,611 2,095 India — 1,056 864 1,959 China — — — 30 Total Net Sales $ 1,235 $ 2,547 $ 4,753 $ 8,808 Long-Lived Assets by Geographic Area September 30, December 31, 2019 2018 Long-Lived Assets United States $ 722 $ 1,180 Spain 9,479 9,707 Total Long-Lived Assets $ 10,201 $ 10,887 Foreign sales are based on the country in which the sales originated. Net sales to two 10% three September 30, 2019 $548. three 10% nine September 30, 2019 $2,292. one 10% three September 30, 2018 $1,056. two 10% nine September 30, 2018 $2,695. Accounts receivable from three $1,956 September 30, 2019 one $2,051 December 31, 2018. |
Note 17 - Related Party Transac
Note 17 - Related Party Transaction | 9 Months Ended |
Sep. 30, 2019 | |
Notes to Financial Statements | |
Related Party Transactions Disclosure [Text Block] | NOTE 17—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 first not 30 December 31, 2017, not one 90 $1,148 December 31, 2015, Huhui did not 30 March 27, 2018, first 2018. |
Note 3 - Loss Per Share (Tables
Note 3 - Loss Per Share (Tables) | 9 Months Ended |
Sep. 30, 2019 | |
Notes Tables | |
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Basic and diluted net loss per share Numerator: Net loss $ (1,446 ) $ (1,303 ) $ (6,879 ) $ (4,058 ) Denominator: Weighted–average shares outstanding 20,152,029 20,076,021 20,152,029 19,684,004 Add: Dilutive effect of stock options — — — — Dilutive effect of restricted common stock — — — — Weighted–average shares outstanding with dilution 20,152,029 20,076,021 20,152,029 19,684,004 Net loss per share: Basic $ (0.07 ) $ (0.07 ) $ (0.34 ) $ (0.21 ) Diluted $ (0.07 ) $ (0.07 ) $ (0.34 ) $ (0.21 ) |
Note 4 - Inventories (Tables)
Note 4 - Inventories (Tables) | 9 Months Ended |
Sep. 30, 2019 | |
Notes Tables | |
Schedule of Inventory, Current [Table Text Block] | September 30, 2019 December 31, 2018 Finished goods $ 358 $ 544 Raw materials 1,150 1,274 Reserve (393 ) (10 ) Inventories, net $ 1,115 $ 1,808 |
Note 7 - Accrued Liabilities (T
Note 7 - Accrued Liabilities (Tables) | 9 Months Ended |
Sep. 30, 2019 | |
Notes Tables | |
Schedule of Accrued Liabilities [Table Text Block] | September 30, 2019 December 31, 2018 Salaries and wages $ 298 $ 181 Accrued bonus 336 326 Professional fees 476 238 Restructuring severance and benefits (see Note 9) 89 102 Environmental (see Note 8 57 57 Accrued franchise tax 175 164 Client deposits 119 224 Other 45 56 Total accrued liabilities $ 1,595 $ 1,348 |
Note 9 - Cost-reduction Actio_2
Note 9 - Cost-reduction Actions (Tables) | 9 Months Ended |
Sep. 30, 2019 | |
Notes Tables | |
Schedule of Restructuring Reserve by Type of Cost [Table Text Block] | September 30, 2019 September 30, 2018 Balance as of beginning of year $ 102 $ 87 Additions — 762 Reductions (13 ) (747 ) Balance as of end of period $ 89 $ 102 |
Note 10 - Fair Value Measurem_2
Note 10 - Fair Value Measurements (Tables) | 9 Months Ended |
Sep. 30, 2019 | |
Notes Tables | |
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] | Financial assets and liabilities at fair value as of September 30, 2019 Level 1 Level 2 Level 3 Money market funds (1) $ 161 $ — $ — Non-recurring fair value measurements (2) $ — $ — $ 5,336 Total $ 161 $ — $ 5,336 Financial assets and liabilities at fair value as of December 31, 2018 Level 1 Level 2 Level 3 Money market funds (1) $ 2,494 $ — $ — Non-recurring fair value measurements (2) $ — $ — $ 5,336 Total $ 2,494 $ — $ 5,336 |
Note 14 - Stockholders' Equity
Note 14 - Stockholders' Equity (Tables) | 9 Months Ended |
Sep. 30, 2019 | |
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, 2017 19,532,573 $ 195 1,240 $ (57 ) $ 232,149 $ (5,355 ) $ (199,072 ) $ 27,860 Stock–based compensation 65,624 1 — — 46 — — 47 Net earnings — — — — — — 319 319 Foreign currency translation, net of tax — — — — — 454 — 454 Balance at March 31, 2018 19,598,197 $ 196 1,240 $ (57 ) $ 232,195 $ (4,901 ) $ (198,753 ) $ 28,680 Stock–based compensation 440,024 4 — — 120 — — 124 Net loss — — — — — — (3,074 ) (3,074 ) Foreign currency translation, net of tax — — — — — (542 ) — (542 ) Balance at June 30, 2018 20,038,221 $ 200 1,240 $ (57 ) $ 232,315 $ (5,443 ) $ (201,827 ) $ 25,188 Stock–based compensation 63,000 1 — — 15 — — 16 Net loss — — — — — — (1,303 ) (1,303 ) Foreign currency translation, net of tax — — — — — (151 ) — (151 ) Balance at September 30, 2018 20,101,221 $ 201 1,240 $ (57 ) $ 232,330 $ (5,594 ) $ (203,130 ) $ 23,750 Stock–based compensation 50,808 — — — 15 — — 15 Net loss — — — — — — (1,702 ) (1,702 ) Foreign currency translation, net of tax — — — — — (60 ) — (60 ) Balance at December 31, 2018 20,152,029 $ 201 1,240 $ (57 ) $ 232,345 $ (5,654 ) $ (204,832 ) $ 22,003 Net loss — — — — — — (2,856 ) (2,856 ) Foreign currency translation, net of tax — — — — — (119 ) — (119 ) Balance at March 31, 2019 20,152,029 $ 201 1,240 $ (57 ) $ 232,345 $ (5,773 ) $ (207,688 ) $ 19,028 Net loss — — — — — — (2,577 ) (2,577 ) Foreign currency translation, net of tax — — — — — (9 ) — (9 ) Balance at June 30, 2019 20,152,029 $ 201 1,240 $ (57 ) $ 232,345 $ (5,782 ) $ (210,265 ) $ 16,442 Net loss — — — — — — (1,446 ) (1,446 ) Foreign currency translation, net of tax — — — — — (119 ) — (119 ) Balance at September 30, 2019 20,152,029 $ 201 1,240 $ (57 ) $ 232,345 $ (5,901 ) $ (211,711 ) $ 14,877 |
Note 15 - Stock-based Compens_2
Note 15 - Stock-based Compensation (Tables) | 9 Months Ended |
Sep. 30, 2019 | |
Notes Tables | |
Share-based Payment Arrangement, Option, Activity [Table Text Block] | Options Outstanding Number Weighted– Weighted– Weighted– Aggregate Balance at December 31, 2018 1,121,332 $ 1.52 — $ 0.99 $ — Options granted — $ — — $ — $ — Exercised — $ — — $ — $ — Canceled/forfeited — $ — — $ — $ — Balance at September 30, 2019 1,121,332 $ 1.52 5.36 $ 0.99 $ — Vested and exercisable as of September 30, 2019 1,121,332 $ 1.52 5.36 $ 0.99 $ — Vested and exercisable as of September 30, 2019 and expected to vest thereafter 1,121,332 $ 1.52 5.36 $ 0.99 $ — |
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Table Text Block] | Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Selling, general and administrative expense $ — $ 16 $ — $ 177 Total stock-based compensation expense $ — $ 16 $ — $ 177 |
Note 16 - Geographical Inform_2
Note 16 - Geographical Information (Tables) | 9 Months Ended |
Sep. 30, 2019 | |
Notes Tables | |
Revenue from External Customers by Geographic Areas [Table Text Block] | Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Net Sales Spain 612 $ 1,341 $ 2,278 $ 4,724 United States 623 150 1,611 2,095 India — 1,056 864 1,959 China — — — 30 Total Net Sales $ 1,235 $ 2,547 $ 4,753 $ 8,808 |
Long-lived Assets by Geographic Areas [Table Text Block] | September 30, December 31, 2019 2018 Long-Lived Assets United States $ 722 $ 1,180 Spain 9,479 9,707 Total Long-Lived Assets $ 10,201 $ 10,887 |
Note 1 - Basis of Presentation
Note 1 - Basis of Presentation (Details Textual) € in Thousands, $ in Thousands | Sep. 30, 2019USD ($) | Sep. 30, 2019EUR (€) | Dec. 31, 2018USD ($) | Sep. 30, 2018USD ($) | Dec. 31, 2017USD ($) |
Working Capital (Deficit) | $ 4,292 | ||||
Cash and Cash Equivalents, at Carrying Value, Ending Balance | 4,914 | $ 5,639 | $ 10,556 | $ 13,499 | |
Commitments, Capital Expenditure | 500 | ||||
Loan Agreement [Member] | |||||
Debt Instrument, Face Amount | 2,180 | € 2,000 | |||
Loan Matures in September 2029 [Member] | Term Loan [Member] | |||||
Debt Instrument, Face Amount | 2,858 | 2,622 | |||
Debt Instrument, Collateral Amount | 981 | € 900 | |||
Delivery and Installation of Equipment and Training [Member] | |||||
Revenue, Remaining Performance Obligation, Amount | $ 3,000 |
Note 3 - Loss Per Share (Detail
Note 3 - Loss Per Share (Details Textual) - shares | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2019 | Sep. 30, 2018 | Sep. 30, 2019 | Sep. 30, 2018 | |
Share-based Payment Arrangement, Option [Member] | ||||
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 1,121,332 | 1,121,332 | 1,121,332 | 1,121,332 |
Note 3 - Loss Per Share - Net L
Note 3 - Loss Per Share - Net Loss Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | 9 Months Ended | |||||||
Sep. 30, 2019 | Jun. 30, 2019 | Mar. 31, 2019 | Dec. 31, 2018 | Sep. 30, 2018 | Jun. 30, 2018 | Mar. 31, 2018 | Sep. 30, 2019 | Sep. 30, 2018 | |
Net loss | $ (1,446) | $ (2,577) | $ (2,856) | $ (1,702) | $ (1,303) | $ (3,074) | $ 319 | $ (6,879) | $ (4,058) |
Weighted–average shares outstanding (in shares) | 20,152,029 | 20,076,021 | 20,152,029 | 19,684,004 | |||||
Weighted–average shares outstanding with dilution (in shares) | 20,152,029 | 20,076,021 | 20,152,029 | 19,684,004 | |||||
Basic (in dollars per share) | $ (0.07) | $ (0.07) | $ (0.34) | $ (0.21) | |||||
Diluted (in dollars per share) | $ (0.07) | $ (0.07) | $ (0.34) | $ (0.21) | |||||
Share-based Payment Arrangement, Option [Member] | |||||||||
Dilutive effect of share-based awards (in shares) | |||||||||
Restricted Stock [Member] | |||||||||
Dilutive effect of share-based awards (in shares) |
Note 4 - Inventories - Inventor
Note 4 - Inventories - Inventories (Details) - USD ($) $ in Thousands | Sep. 30, 2019 | Dec. 31, 2018 |
Finished goods | $ 358 | $ 544 |
Raw materials | 1,150 | 1,274 |
Reserve | (393) | (10) |
Inventories, net | $ 1,115 | $ 1,808 |
Note 5 - Long-lived Assets (Det
Note 5 - Long-lived Assets (Details Textual) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2019 | Sep. 30, 2018 | Sep. 30, 2019 | Sep. 30, 2018 | |
Impairment of Long-Lived Assets Held-for-use | $ 514 | $ 514 |
Note 6 - Assets Held for Sale (
Note 6 - Assets Held for Sale (Details Textual) $ in Thousands, RM in Millions | 9 Months Ended | ||
Sep. 30, 2019USD ($) | Sep. 30, 2019MYR (RM) | Sep. 30, 2018USD ($) | |
Proceeds from Sale of Property, Plant, and Equipment, Total | $ 327 | $ 230 | |
Impairment of Long-Lived Assets to be Disposed of | 885 | ||
Malaysia Facility [Member] | |||
Proceeds from Sale of Property, Plant, and Equipment, Total | $ 5,266 | RM 22.5 | |
Impairment of Long-Lived Assets to be Disposed of | $ 885 |
Note 7 - Accrued Liabilities -
Note 7 - Accrued Liabilities - Accrued Liabilities (Details) - USD ($) $ in Thousands | Sep. 30, 2019 | Dec. 31, 2018 |
Salaries and wages | $ 298 | $ 181 |
Accrued bonus | 336 | 326 |
Professional fees | 476 | 238 |
Restructuring severance and benefits (see Note 9) | 89 | 102 |
Environmental (see Note 8 | 57 | 57 |
Accrued franchise tax | 175 | 164 |
Client deposits | 119 | 224 |
Other | 45 | 56 |
Total accrued liabilities | $ 1,595 | $ 1,348 |
Note 8 - Commitments and Cont_2
Note 8 - Commitments and Contingencies (Details Textual) € in Millions | 1 Months Ended | |||
Oct. 31, 2016EUR (€) | Sep. 30, 2019USD ($) | Jun. 30, 2019USD ($) | Dec. 31, 2018USD ($) | |
Loss Contingency Accrual, Ending Balance | $ 0 | $ 0 | ||
Solaria Energia y Medio Ambiente S.A. [Member] | Damages from Product Defects [Member] | ||||
Loss Contingency Accrual, Ending Balance | $ 0 | 0 | ||
Loss Contingency, Damages Sought, Value | € | € 3.3 | |||
Phase II Environmental Site Assessment [Member] | ||||
Accrual for Environmental Loss Contingencies, Ending Balance | $ 57,000 | $ 57,000 |
Note 9 - Cost-reduction Actio_3
Note 9 - Cost-reduction Actions (Details Textual) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended | |||
Jun. 30, 2018 | Dec. 31, 2018 | Dec. 31, 2017 | Sep. 30, 2019 | Sep. 30, 2018 | |
Restructuring Reserve, Ending Balance | $ 102 | $ 87 | $ 89 | $ 102 | |
Facility Closing [Member] | Johor, Malaysia [Member] | Cost of Sales [Member] | |||||
Severance Costs | $ 67 | 112 | |||
Facility Closing [Member] | Johor, Malaysia [Member] | Selling, General and Administrative Expenses [Member] | |||||
Severance Costs | $ 29 | ||||
Facility Closing [Member] | SPAIN | Cost of Sales [Member] | |||||
Severance Costs | $ 635 | ||||
Facility Closing [Member] | SPAIN | Selling, General and Administrative Expenses [Member] | |||||
Severance Costs | $ 67 |
Note 9 - Cost-reduction Actio_4
Note 9 - Cost-reduction Actions - Schedule of Restructuring Costs (Details) - USD ($) $ in Thousands | 9 Months Ended | |
Sep. 30, 2019 | Sep. 30, 2018 | |
Balance as of beginning of year | $ 102 | $ 87 |
Additions | 762 | |
Reductions | (13) | (747) |
Balance as of end of period | $ 89 | $ 102 |
Note 10 - Fair Value Measurem_3
Note 10 - Fair Value Measurements - Fair Value Measurements of Financial Assets and Liabilities (Details) - USD ($) $ in Thousands | Sep. 30, 2019 | Dec. 31, 2018 | |
Fair Value, Inputs, Level 1 [Member] | |||
Fair Value Assets | $ 161 | $ 2,494 | |
Fair Value, Inputs, Level 2 [Member] | |||
Fair Value Assets | |||
Fair Value, Inputs, Level 2 [Member] | Fair Value, Nonrecurring [Member] | |||
Non-recurring fair value measurements | [1] | ||
Fair Value, Inputs, Level 3 [Member] | |||
Fair Value Assets | 5,336 | 5,336 | |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Nonrecurring [Member] | |||
Non-recurring fair value measurements | [1] | 5,336 | 5,336 |
Money Market Funds [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | |||
Money market funds | [2] | 161 | 2,494 |
Money Market Funds [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | |||
Money market funds | [2] | ||
Money Market Funds [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | |||
Money market funds | [2] | ||
[1] | Included in assets held for sale on the Company's Condensed Consolidated Balance Sheets. Refer to Note 6 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. |
Note 11 - Factoring Arrangeme_2
Note 11 - Factoring Arrangement (Details Textual) $ in Thousands, € in Millions | 1 Months Ended | |||
Oct. 31, 2015 | Sep. 30, 2019USD ($) | Sep. 30, 2019EUR (€) | Dec. 31, 2018USD ($) | |
Due To Factor, Current | $ 160 | $ 374 | ||
Eurofactor Hispania S.A.U [Member] | Factoring Agreement to Sell with Recourse [Member] | ||||
Factoring Agreement Maximum Outstanding Amount | $ 1,635 | € 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 12 - Long-term Debt (Detai
Note 12 - Long-term Debt (Details Textual) € in Thousands, $ in Thousands | Mar. 13, 2019EUR (€) | Sep. 30, 2019EUR (€) | Sep. 30, 2019USD ($) | Sep. 30, 2019EUR (€) |
Loan Agreement [Member] | ||||
Debt Instrument, Face Amount | $ 2,180 | € 2,000 | ||
Debt Instrument, Periodic Payment, Principal | € 100 | |||
First Two Years Loan Agreement [Member] | Eurodollar [Member] | ||||
Debt Instrument, Basis Spread on Variable Rate | 2.00% | |||
Third and Forth Year Loan Agreement [Member] | Eurodollar [Member] | ||||
Debt Instrument, Basis Spread on Variable Rate, Increase Per Year | 1.00% | |||
Fifth Year Loan Agreement [Member] | Eurodollar [Member] | ||||
Debt Instrument, Basis Spread on Variable Rate | 5.00% | |||
Loan Matures in September 2029 [Member] | Term Loan [Member] | ||||
Debt Instrument, Face Amount | $ 2,858 | € 2,622 | ||
Debt Instrument, Number of Annual Installments | 7 | |||
Debt Instrument, Periodic Payment, Total | € 375 | |||
Debt Instrument, Interest Rate, Stated Percentage | 1.647% | 1.647% | ||
Debt Instrument, Collateral Amount | $ 981 | € 900 |
Note 13 - Income Taxes (Details
Note 13 - Income Taxes (Details Textual) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2019 | Sep. 30, 2018 | Sep. 30, 2019 | Sep. 30, 2018 | |
Income Tax Expense (Benefit), Total | $ 0 | $ (221) | $ (306) | $ 50 |
Effective Income Tax Rate Reconciliation, Percent, Total | 0.00% | 14.50% | 4.30% | 1.20% |
Note 14 - Stockholders' Equit_2
Note 14 - Stockholders' Equity (Details Textual) | 9 Months Ended | |
Sep. 30, 2019$ / sharesshares | Dec. 31, 2018$ / 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, Total | 20,153,269 | 20,153,269 |
Common Stock, Shares, Outstanding, Ending Balance | 20,152,029 | 20,152,029 |
Common Stock, Voting Rights Number | 1 |
Note 14 - Stockholders' Equit_3
Note 14 - Stockholders' Equity - Schedule of Changes in Stockholders' Equity (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | |||||||
Sep. 30, 2019 | Jun. 30, 2019 | Mar. 31, 2019 | Dec. 31, 2018 | Sep. 30, 2018 | Jun. 30, 2018 | Mar. 31, 2018 | Sep. 30, 2019 | Sep. 30, 2018 | |
Balance | $ 16,442 | $ 19,028 | $ 22,003 | $ 23,750 | $ 25,188 | $ 28,680 | $ 27,860 | $ 22,003 | $ 27,860 |
Stock–based compensation | 15 | 16 | 124 | 47 | |||||
Net loss | (1,446) | (2,577) | (2,856) | (1,702) | (1,303) | (3,074) | 319 | (6,879) | (4,058) |
Foreign currency translation, net of tax | (119) | (9) | (119) | (60) | (151) | (542) | 454 | (247) | (239) |
Balance | $ 14,877 | $ 16,442 | $ 19,028 | $ 22,003 | $ 23,750 | $ 25,188 | $ 28,680 | $ 14,877 | $ 23,750 |
Common Stock Outstanding [Member] | |||||||||
Balance (in shares) | 20,152,029 | 20,152,029 | 20,152,029 | 20,101,221 | 20,038,221 | 19,598,197 | 19,532,573 | 20,152,029 | 19,532,573 |
Balance | $ 201 | $ 201 | $ 201 | $ 201 | $ 200 | $ 196 | $ 195 | $ 201 | $ 195 |
Stock–based compensation (in shares) | 50,808 | 63,000 | 440,024 | 65,624 | |||||
Stock–based compensation | $ 1 | $ 4 | $ 1 | ||||||
Net loss | |||||||||
Foreign currency translation, net of tax | |||||||||
Balance (in shares) | 20,152,029 | 20,152,029 | 20,152,029 | 20,152,029 | 20,101,221 | 20,038,221 | 19,598,197 | 20,152,029 | 20,101,221 |
Balance | $ 201 | $ 201 | $ 201 | $ 201 | $ 201 | $ 200 | $ 196 | $ 201 | $ 201 |
Treasury Stock [Member] | |||||||||
Balance (in shares) | 1,240 | 1,240 | 1,240 | 1,240 | 1,240 | 1,240 | 1,240 | 1,240 | 1,240 |
Balance | $ (57) | $ (57) | $ (57) | $ (57) | $ (57) | $ (57) | $ (57) | $ (57) | $ (57) |
Stock–based compensation (in shares) | |||||||||
Stock–based compensation | |||||||||
Net loss | |||||||||
Foreign currency translation, net of tax | |||||||||
Balance (in shares) | 1,240 | 1,240 | 1,240 | 1,240 | 1,240 | 1,240 | 1,240 | 1,240 | 1,240 |
Balance | $ (57) | $ (57) | $ (57) | $ (57) | $ (57) | $ (57) | $ (57) | $ (57) | $ (57) |
Additional Paid-in Capital [Member] | |||||||||
Balance | 232,345 | 232,345 | 232,345 | 232,330 | 232,315 | 232,195 | 232,149 | 232,345 | 232,149 |
Stock–based compensation | 15 | 15 | 120 | 46 | |||||
Net loss | |||||||||
Foreign currency translation, net of tax | |||||||||
Balance | 232,345 | 232,345 | 232,345 | 232,345 | 232,330 | 232,315 | 232,195 | 232,345 | 232,330 |
AOCI Attributable to Parent [Member] | |||||||||
Balance | (5,782) | (5,773) | (5,654) | (5,594) | (5,443) | (4,901) | (5,355) | (5,654) | (5,355) |
Stock–based compensation | |||||||||
Net loss | |||||||||
Foreign currency translation, net of tax | (119) | (9) | (119) | (60) | (151) | (542) | 454 | ||
Balance | (5,901) | (5,782) | (5,773) | (5,654) | (5,594) | (5,443) | (4,901) | (5,901) | (5,594) |
Retained Earnings [Member] | |||||||||
Balance | (210,265) | (207,688) | (204,832) | (203,130) | (201,827) | (198,753) | (199,072) | (204,832) | (199,072) |
Stock–based compensation | |||||||||
Net loss | (1,446) | (2,577) | (2,856) | (1,702) | (1,303) | (3,074) | 319 | ||
Foreign currency translation, net of tax | |||||||||
Balance | $ (211,711) | $ (210,265) | $ (207,688) | $ (204,832) | $ (203,130) | $ (201,827) | $ (198,753) | $ (211,711) | $ (203,130) |
Note 15 - Stock-based Compens_3
Note 15 - Stock-based Compensation (Details Textual) - USD ($) | May 14, 2013 | Sep. 30, 2019 |
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant | 317,323 | |
Share Price | $ 0.14 | |
Proceeds from Stock Options Exercised | $ 0 | |
Share-based Payment Arrangement, Option [Member] | ||
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period | 10 years | |
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Total | $ 0 | |
Share-based Payment Arrangement, Option [Member] | Minimum [Member] | ||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | 3 years | |
Share-based Payment Arrangement, Option [Member] | Maximum [Member] | ||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | 4 years | |
Equity Incentive Plan 2009 [Member] | ||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized | 4,133,133 |
Note 15 - Stock-based Compens_4
Note 15 - Stock-based Compensation - Summary of Stock Options Activity (Details) - Share-based Payment Arrangement, Option [Member] | 9 Months Ended |
Sep. 30, 2019USD ($)$ / sharesshares | |
Options Outstanding, Number of shares (in shares) | shares | 1,121,332 |
Options Outstanding, Weighted–average exercise price (in dollars per share) | $ 1.52 |
Options outstanding, Weighted–average Grant–date fair value (in dollars per share) | $ 0.99 |
Options outstanding, Aggregate intrinsic value | $ | |
Options granted, Number of shares (in shares) | shares | |
Options granted, Weighted–average exercise price (in dollars per share) | |
Exercised, Number of shares (in shares) | shares | |
Exercised, Weighted–average exercise price (in dollars per share) | |
Options Outstanding, Number of shares (in shares) | shares | 1,121,332 |
Options Outstanding, Weighted–average exercise price (in dollars per share) | $ 1.52 |
Options outstanding, Weighted–average remaining contractual term (Year) | 5 years 131 days |
Vested and exercisable, Number of shares (in shares) | shares | 1,121,332 |
Vested and exercisable, Weighted–average exercise price (in dollars per share) | $ 1.52 |
Vested and exercisable, Weighted–average remaining contractual term (Year) | 5 years 131 days |
Vested and exercisable, Weighted–average Grant–date fair value (in dollars per share) | $ 0.99 |
Vested and exercisable, Weighted–average Grant–date fair value | $ | |
Vested and expected to vest thereafter, Number of shares (in shares) | shares | 1,121,332 |
Vested and expected to vest thereafter, Weighted-average exercise price (in dollars per share) | $ 1.52 |
Vested and expected to vest thereafter, Weighted–average remaining contractual term (Year) | 5 years 131 days |
Vested and expected to vest thereafter, Weighted–average Grant–date fair value (in dollars per share) | $ 0.99 |
Vested and expected to vest thereafter, Weighted–average Grant–date fair value | $ |
Note 15 - Stock-based Compens_5
Note 15 - Stock-based Compensation - Schedule of Stock-based Compensation Expense (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2019 | Sep. 30, 2018 | Sep. 30, 2019 | Sep. 30, 2018 | |
Total stock-based compensation expense | $ 16 | $ 177 | ||
Selling, General and Administrative Expenses [Member] | ||||
Total stock-based compensation expense | $ 16 | $ 177 |
Note 16 - Geographical Inform_3
Note 16 - Geographical Information (Details Textual) $ in Thousands | 3 Months Ended | 9 Months Ended | 12 Months Ended | ||
Sep. 30, 2019USD ($) | Sep. 30, 2018USD ($) | Sep. 30, 2019USD ($) | Sep. 30, 2018USD ($) | Dec. 31, 2018 | |
Number of Products Sold by Entity | 1 | ||||
Number of Industries in Which Products are Sold | 1 | ||||
Number of Reportable Segments | 1 | ||||
Revenue from Contract with Customer, Including Assessed Tax | $ 1,235 | $ 2,547 | $ 4,753 | $ 8,808 | |
Customer Concentration Risk [Member] | Revenue Benchmark [Member] | |||||
Number of Major Customers | 2 | 1 | 3 | 2 | |
Customer Concentration Risk [Member] | Revenue Benchmark [Member] | Two Major Customers [Member] | |||||
Revenue from Contract with Customer, Including Assessed Tax | $ 548 | $ 2,695 | |||
Customer Concentration Risk [Member] | Revenue Benchmark [Member] | Three Major Customers [Member] | |||||
Revenue from Contract with Customer, Including Assessed Tax | $ 2,292 | ||||
Customer Concentration Risk [Member] | Revenue Benchmark [Member] | One Major Customer [Member] | |||||
Revenue from Contract with Customer, Including Assessed Tax | $ 1,056 | ||||
Customer Concentration Risk [Member] | Accounts Receivable [Member] | |||||
Number of Major Customers | 3 | 1 | |||
Customer Concentration Risk [Member] | Accounts Receivable [Member] | Three Major Customers [Member] | |||||
Accounts Receivable, before Allowance for Credit Loss, Current | 1,956 | $ 1,956 | |||
Customer Concentration Risk [Member] | Accounts Receivable [Member] | One Major Customer [Member] | |||||
Accounts Receivable, before Allowance for Credit Loss, Current | $ 2,051 | $ 2,051 |
Note 16 - Geographical Inform_4
Note 16 - Geographical Information - Schedule of Operations by Geographic Area (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2019 | Sep. 30, 2018 | Sep. 30, 2019 | Sep. 30, 2018 | |
Net sales | $ 1,235 | $ 2,547 | $ 4,753 | $ 8,808 |
SPAIN | ||||
Net sales | 612 | 1,341 | 2,278 | 4,724 |
UNITED STATES | ||||
Net sales | 623 | 150 | 1,611 | 2,095 |
INDIA | ||||
Net sales | 1,056 | 864 | 1,959 | |
CHINA | ||||
Net sales | $ 30 |
Note 16 - Geographical Inform_5
Note 16 - Geographical Information - Schedule of Long-lived Assets by Geographic Area (Details) - USD ($) $ in Thousands | Sep. 30, 2019 | Dec. 31, 2018 |
Long-Lived Assets | $ 10,201 | $ 10,887 |
UNITED STATES | ||
Long-Lived Assets | 722 | 1,180 |
SPAIN | ||
Long-Lived Assets | $ 9,479 | $ 9,707 |
Note 17 - Related Party Trans_2
Note 17 - Related Party Transaction (Details Textual) - Huhui Supply Agreement [Member] $ in Thousands | 12 Months Ended | |
Dec. 31, 2015USD ($) | Dec. 31, 2014MWh | |
Related Party Transaction, Agreement Term | 1 year | |
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 | |
Related Party Transaction, Client Deposit Received from Related Party | $ | $ 1,148 |