Document_And_Entity_Informatio
Document And Entity Information (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Mar. 25, 2014 | Jun. 30, 2013 | |
Document and Entity Information [Abstract] | ' | ' | ' |
Entity Registrant Name | 'CLEAN DIESEL TECHNOLOGIES INC | ' | ' |
Document Type | '10-K | ' | ' |
Current Fiscal Year End Date | '--12-31 | ' | ' |
Entity Common Stock, Shares Outstanding | ' | 10,150,575 | ' |
Entity Public Float | ' | ' | $8,285,600 |
Amendment Flag | 'false | ' | ' |
Entity Central Index Key | '0000949428 | ' | ' |
Entity Current Reporting Status | 'Yes | ' | ' |
Entity Voluntary Filers | 'No | ' | ' |
Entity Filer Category | 'Smaller Reporting Company | ' | ' |
Entity Well-known Seasoned Issuer | 'No | ' | ' |
Document Period End Date | 31-Dec-13 | ' | ' |
Document Fiscal Year Focus | '2013 | ' | ' |
Document Fiscal Period Focus | 'FY | ' | ' |
Consolidated_Balance_Sheets
Consolidated Balance Sheets (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Current assets: | ' | ' |
Cash | $3,909 | $6,878 |
Accounts receivable, net | 5,524 | 5,470 |
Inventories | 5,919 | 8,697 |
Prepaid expenses and other current assets | 1,462 | 1,757 |
Total current assets | 16,814 | 22,802 |
Property and equipment, net | 1,459 | 2,000 |
Intangible assets, net | 3,508 | 4,369 |
Goodwill | 5,870 | 6,087 |
Other assets | 718 | 183 |
Total assets | 28,369 | 35,441 |
Current liabilities: | ' | ' |
Line of credit | 2,258 | 5,476 |
Shareholder notes payable, current | ' | 100 |
Accounts payable | 5,370 | 5,608 |
Accrued expenses and other current liabilities | 6,002 | 4,514 |
Income taxes payable | 1,058 | 22 |
Total current liabilities | 14,688 | 15,720 |
Shareholder notes payable, noncurrent | 7,549 | 7,478 |
Deferred tax liability | 686 | 797 |
Total liabilities | 22,923 | 23,995 |
Commitment and contingencies (Note 17) | ' | ' |
Stockholders’ equity | ' | ' |
Preferred stock par value $0.01 per share: authorized 100,000; no shares issued and outstanding | ' | ' |
Common stock, par value $0.01 per share: authorized 24,000,000; issued and outstanding 9,299,253 and 7,254,464 shares at December 31, 2013 and 2012, respectively | 93 | 73 |
Additional paid-in capital | 188,108 | 186,106 |
Accumulated other comprehensive loss | -1,036 | -112 |
Accumulated deficit | -181,719 | -174,621 |
Total stockholders’ equity | 5,446 | 11,446 |
Total liabilities and stockholders’ equity | $28,369 | $35,441 |
Consolidated_Balance_Sheets_Pa
Consolidated Balance Sheets (Parentheticals) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
Preferred stock par value (in Dollars per share) | $0.01 | $0.01 |
Preferred stock, shares authorized | 100,000 | 100,000 |
Preferred stock, shares issued | 0 | 0 |
Preferred stock, shares outstanding | 0 | 0 |
Common stock, par value (in Dollars per share) | $0.01 | $0.01 |
Common stock, shares authorized | 24,000,000 | 24,000,000 |
Common stock, shares issued | 9,299,253 | 7,254,464 |
Common stock, shares outstanding | 9,299,253 | 7,254,464 |
Consolidated_Statements_of_Com
Consolidated Statements of Comprehensive Loss (USD $) | 12 Months Ended | |
In Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Revenues | $55,284 | $60,537 |
Cost of revenues | 39,880 | 45,816 |
Gross profit | 15,404 | 14,721 |
Operating expenses: | ' | ' |
Selling, general and administrative (including stock-based compensation expense of $665 and $456) | 13,728 | 14,946 |
Research and development (including stock-based compensation expense of $6 and $76) | 4,703 | 6,723 |
Severance and other charges | 1,239 | 889 |
Total operating expenses | 19,670 | 22,558 |
Loss from operations | -4,266 | -7,837 |
Other income (expense): | ' | ' |
Interest income | 6 | 11 |
Interest expense | -1,406 | -1,479 |
Other expense, net | -762 | -756 |
Total other expense | -2,162 | -2,224 |
Loss from continuing operations before income taxes | -6,428 | -10,061 |
Income tax expense (benefit) from continuing operations | 352 | -367 |
Net loss from continuing operations | -6,780 | -9,694 |
Discontinued operations: | ' | ' |
(Loss) income from operations of discontinued Energy Systems Division | -317 | 57 |
Income tax expense from discontinued operations | 1 | 23 |
Net (loss)income from discontinued operations | -318 | 34 |
Net loss | -7,098 | -9,660 |
Foreign currency translation adjustments | -924 | 604 |
Comprehensive loss | ($8,022) | ($9,056) |
Basic and diluted net loss per share: | ' | ' |
Net loss from continuing operations per share (in Dollars per share) | ($0.82) | ($1.34) |
Net loss from discontinued operations per share (in Dollars per share) | ($0.04) | ' |
Net loss per share (in Dollars per share) | ($0.86) | ($1.34) |
Weighted-average number of common shares outstanding – basic and diluted (in Shares) | 8,285 | 7,227 |
Consolidated_Statements_of_Com1
Consolidated Statements of Comprehensive Loss (Parentheticals) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Stock-based compensation expense | $700 | $500 |
Selling, General and Administrative Expenses [Member] | ' | ' |
Stock-based compensation expense | 665 | 456 |
Research and Development Expense [Member] | ' | ' |
Stock-based compensation expense | $6 | $76 |
Consolidated_Statements_of_Sto
Consolidated Statements of Stockholders` Equity (USD $) | Common Stock [Member] | Additional Paid-in Capital [Member] | Accumulated Other Comprehensive Income (Loss) [Member] | Retained Earnings [Member] | Total |
Balance at Dec. 31, 2011 | $72,000 | $185,473,000 | ($716,000) | ($164,961,000) | $19,868,000 |
Balance (in Shares) at Dec. 31, 2011 | 7,219,000 | ' | ' | ' | ' |
Net loss | ' | ' | ' | -9,660,000 | -9,660,000 |
Other comprehensive income | ' | ' | 604,000 | ' | 604,000 |
Issuance of warrants with shareholder note | ' | 70,000 | ' | ' | 70,000 |
Stock-based compensation plans | 1,000 | 569,000 | ' | ' | 570,000 |
Stock-based compensation plans (in Shares) | 12,000 | ' | ' | ' | ' |
Consultant stock-based compensation expense | ' | -6,000 | ' | ' | -6,000 |
Consultant stock-based compensation expense (in Shares) | 23,000 | ' | ' | ' | ' |
Balance at Dec. 31, 2012 | 73,000 | 186,106,000 | -112,000 | -174,621,000 | 11,446,000 |
Balance (in Shares) at Dec. 31, 2012 | 7,254,000 | ' | ' | ' | ' |
Net loss | ' | ' | ' | -7,098,000 | -7,098,000 |
Other comprehensive income | ' | ' | -924,000 | ' | -924,000 |
Proceeds from equity offering, net of costs of $363 | 17,000 | 1,106,000 | ' | ' | 1,123,000 |
Proceeds from equity offering, net of costs of $363 (in Shares) | 1,730,000 | ' | ' | ' | ' |
Proceeds from private placement | ' | 99,000 | ' | ' | 99,000 |
Proceeds from private placement (in Shares) | 54,000 | ' | ' | ' | ' |
Issuance of common stock as payment of accrued interest and payment premium on shareholder note | 2,000 | 160,000 | ' | ' | 162,000 |
Issuance of common stock as payment of accrued interest and payment premium on shareholder note (in Shares) | 188,000 | ' | ' | ' | ' |
Stock-based compensation plans | 1,000 | 637,000 | ' | ' | 638,000 |
Stock-based compensation plans (in Shares) | 73,000 | ' | ' | ' | ' |
Balance at Dec. 31, 2013 | $93,000 | $188,108,000 | ($1,036,000) | ($181,719,000) | $5,446,000 |
Balance (in Shares) at Dec. 31, 2013 | 9,299,000 | ' | ' | ' | ' |
Consolidated_Statements_of_Sto1
Consolidated Statements of Stockholders` Equity (Parentheticals) (USD $) | 12 Months Ended |
In Thousands, unless otherwise specified | Dec. 31, 2013 |
Proceeds from equity offering, costs | $363 |
Consolidated_Statements_of_Cas
Consolidated Statements of Cash Flows (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Cash flows from operating activities: | ' | ' |
Net loss | ($7,098) | ($9,660) |
Loss (income) from discontinued operations | 318 | -34 |
Adjustment to reconcile net loss to cash used in operating activities: | ' | ' |
Depreciation and amortization | 1,286 | 1,430 |
Write-down for excess and obsolete inventory | 515 | 1,279 |
Provision for doubtful accounts | 71 | 53 |
Stock-based compensation expense | 671 | 532 |
Loss (gain) on change in fair value of liability-classified warrants | 180 | -90 |
Warrant offering costs | 123 | ' |
Amortization of debt discount and accretion of debt payment premium | 71 | 128 |
Amortization of debt issuance costs | ' | 108 |
Loss on foreign currency transactions | 16 | 119 |
Loss (income) from unconsolidated affiliate | 561 | -27 |
Deferred income taxes | -69 | -171 |
Loss on disposal of property and equipment | 18 | 178 |
Changes in operating assets and liabilities: | ' | ' |
Accounts receivable | -399 | 6,409 |
Inventories | 2,130 | 483 |
Prepaid expenses and other assets | -141 | -191 |
Accounts payable | -62 | -428 |
Income taxes | 1,057 | -252 |
Accrued expenses and other current liabilities | 403 | -64 |
Cash used in operating activities of continuing operations | -349 | -198 |
Cash (used in) provided by operating activities of discontinued operations | -82 | 38 |
Net cash used in operating activities | -431 | -160 |
Cash flows from investing activities: | ' | ' |
Investments in unconsolidated affiliate | -449 | ' |
Loan to unconsolidated affiliate | -261 | ' |
Repayments on loans to unconsolidated affiliate | ' | 129 |
Purchases of property and equipment | -142 | -236 |
Proceeds from sale of property and equipment | ' | 18 |
Net cash used in investing activities | -852 | -89 |
Cash flows from financing activities: | ' | ' |
Net (borrowings) proceeds under demand line of credit | -3,217 | 948 |
Proceeds from issuance of common stock and warrants, net of offering costs | 1,839 | ' |
Proceeds from issuance of shareholder notes payable | ' | 3,000 |
Payments for debt issuance costs | ' | -108 |
Other | -4 | -105 |
Net cash (used in) provided by financing activities | -1,382 | 3,735 |
Effect of exchange rates on cash | -304 | -79 |
Net change in cash | -2,969 | 3,407 |
Cash at beginning of the year | 6,878 | 3,471 |
Cash at end of the year | 3,909 | 6,878 |
Supplemental disclosures: | ' | ' |
Cash paid for interest | 1,193 | 1,140 |
Cash (received) paid for income taxes | -372 | 105 |
Noncash investing and financing activities: | ' | ' |
Accrued interest and debt settled in common stock and warrants | 235 | ' |
Warrants issued to underwriters in public offering | 16 | ' |
Loan to unconsolidated affiliate converted to investment | 261 | ' |
Offering warrants classified as derivative liability | $749 | ' |
Organization
Organization | 12 Months Ended |
Dec. 31, 2013 | |
Disclosure Text Block [Abstract] | ' |
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block] | ' |
1.Organization | |
a. Description of Business | |
Clean Diesel Technologies, Inc. (“CDTi” or the “Company”) is a global manufacturer and distributor of heavy duty diesel and light duty vehicle emissions control systems and products to major automakers and retrofitters. CDTi’s business is driven by increasingly stringent global emission standards for internal combustion engines, which are major sources of a variety of harmful pollutants. It has operations in the United States, Canada, the United Kingdom, France, Japan and Sweden as well as an Asian investment. | |
b. Merger | |
On October 15, 2010, Clean Diesel Technologies, Inc. consummated a business combination (the “Merger”) with Catalytic Solutions, Inc. (“CSI”). For accounting purposes, the Merger was accounted for as a reverse acquisition with CSI considered the acquirer. References to the “Company” prior to the Merger refer to the operations of CSI and its consolidated subsidiaries and subsequent to the Merger to the combined operations of the merged company and its consolidated subsidiaries. | |
c. Liquidity | |
The accompanying consolidated financial statements have been prepared assuming the Company will continue as a going concern. Therefore, the consolidated financial statements contemplate the realization of assets and liquidation of liabilities in the ordinary course of business. The Company has suffered recurring losses and negative cash flows from operations since inception, resulting in an accumulated deficit of $181.7 million at December 31, 2013. The Company has funded its operations through equity sales, debt and bank borrowings. | |
The Company has a $7.5 million secured demand facility backed by its receivables and inventory with Faunus Group International, Inc. (“FGI”). At December 31, 2013, the Company had $2.3 million in borrowings outstanding under this facility with $5.2 million available, subject to the availability of eligible accounts receivable and inventory balances for collateral. There is no guarantee that the Company will be able to borrow to the full limit of $7.5 million if FGI chooses not to finance a portion of its receivables or inventory. Additionally, FGI can cancel the facility at any time. | |
The Company also has a purchase agreement with Lincoln Park Capital (“LPC”), under which the Company has the right, in its sole discretion, over a 30-month period ending April 24, 2014 to sell up to $10.0 million in common stock to LPC in amounts of up to $0.5 million to up to $1.5 million per sale, depending on certain conditions as set forth in the purchase agreement. The Company currently has registered 1,702,836 shares for purchase shares under the agreement. However, the aggregate number of shares issued pursuant to the purchase agreement is limited to 1,434,994 shares of common stock (19.99% of the outstanding shares of the Company’s common stock on October 7, 2011, the date of the purchase agreement) (the “Exchange Cap”), unless and until shareholder approval is obtained. The Exchange Cap is not applicable for at-market transactions, defined as when the average price for all shares purchased pursuant to the purchase agreement is greater than or equal the signing price per the agreement of $2.76 plus $0.254, or $3.014 per share. Assuming a purchase price of $1.50 per share (the closing sale price of the Company’s common stock on December 31, 2013) and the purchase by LPC of the full 1,702,836 currently registered purchase shares, proceeds to the Company would be $2.6 million. If the purchase was limited to the Exchange Cap of 1,434,994 shares, the proceeds to the Company would be $2.2 million. Moreover, the Purchase Agreement expires on April 24, 2014, which adds additional constraints on the Company’s ability to obtain financing from LPC to finance our working capital requirements. There have been no sales to date under this arrangement. | |
On May 15, 2012, the Company filed a shelf registration statement on Form S-3 with the Securities and Exchange Commission (“SEC”) (the “Shelf Registration”) which was declared effective by the SEC on May 21, 2012. The Shelf Registration permits the Company to sell, from time to time, up to an aggregate of $50.0 million of various securities, provided that the Company may not sell its securities in a primary offering pursuant to the Shelf Registration or any other registration statement on Form S-3 with a value exceeding one-third of its public float in any 12-month period (unless the Company’s public float rises to $75.0 million or more). On July 3, 2013, the Company sold 1,730,000 units for $1.25 per unit, with each unit consisting of one share of common stock and one half of a warrant to purchase one share of common stock with an exercise price of $1.25 per share. The Company received net proceeds of $1.7 million after deducting discounts and commissions to the underwriter and estimated offering expenses. Subsequent to December 31, 2013, warrant holders exercised an aggregate of 800,000 of warrants issued in the offering at an exercise price of $1.25 per share for gross proceeds of $1.0 million. | |
On June 28, 2013, the Company and one of its directors entered into an agreement pursuant to which the director agreed to purchase $100,000 of the Company’s common stock in a private placement for $1.84 per share, the closing bid price on the day preceding the date of the agreement. In July 2013, the Company issued 54,347 shares of common stock to the director pursuant to this agreement. | |
On January 30, 2013, the Company and Kanis S.A. agreed to amend certain terms of the Company’s outstanding 6% shareholder note due 2013 to change the maturity date from June 30, 2013 to June 30, 2015 and to increase the interest rate from 6% to 8% beginning on June 30, 2013. In addition, the payment premium due under this note was changed from a range of $100,000 to $200,000, based proportionally on the number of days that the loan remains outstanding, to a fixed amount of $250,000 with $100,000 payable on June 30, 2013 and the remaining amount payable at maturity on June 30, 2015. Concurrent with its July 3, 2013 public offering, the Company paid $235,000 of premium and interest due June 30, 2013, pursuant to loans made to the Company by Kanis S.A., with 188,000 shares of common stock and warrants to purchase 94,000 shares of common stock. | |
Also on January 30, 2013, the Company and Kanis S.A. entered into a letter agreement regarding the Company’s 8% subordinated convertible notes due 2016 whereby Kanis S.A. agreed not to accelerate the maturity of these convertible notes during the 2013 calendar year and on March 21, 2014, the Company and Kanis S.A. entered into a letter agreement whereby Kanis S.A. agreed not to accelerate the maturity of these notes prior to July 1, 2015. | |
At December 31, 2013, the Company had $3.9 million in cash. Based on the Company’s current cash levels and expected cash flows from operations, management believes that the current cash position is not sufficient to fund the Company’s cash requirements during the next twelve months. The Company’s credit facility with FGI is a demand facility, which can be cancelled at any time by FGI and its equity facility with LPC expires in April 2014. As such, the Company may seek additional financing in the form of funding from outside sources. There is no assurance that the Company will be able to raise additional funds or reduce its discretionary spending at a level sufficient for its working capital needs. These matters raise substantial doubt about the Company’s ability to continue as a going concern. |
Summary_of_Significant_Account
Summary of Significant Accounting Policies | 12 Months Ended | ||||||
Dec. 31, 2013 | |||||||
Accounting Policies [Abstract] | ' | ||||||
Significant Accounting Policies [Text Block] | ' | ||||||
2. Summary of Significant Accounting Policies | |||||||
a. Principles of Consolidation | |||||||
The consolidated financial statements include the financial statements of the Company and its wholly owned subsidiaries. All significant inter-company balances and transactions have been eliminated in consolidation. | |||||||
Investments in which the Company has at least a 20%, but not more than a 50% interest are generally accounted for under the equity method. Investment interests below 20% are generally accounted for under the cost method, except if the Company could exercise significant influence, the investment would be accounted for under the equity method. The Company’s judgment regarding the level of influence over each equity method investment includes considering key factors such as the Company’s ownership interest, representation on the board of directors, participation in policy-making decisions and material intercompany transactions. The Company has an investment interest below 20% which is accounted for under the equity method (see note 16). The Company includes its proportionate share of the net income or loss of equity-method investees in its consolidated statements of comprehensive loss. | |||||||
b. Concentration of Risk | |||||||
For the periods presented below, certain customers accounted for 10% or more of the Company’s revenues as follows: | |||||||
Years Ended | |||||||
December 31, | |||||||
Customer | 2013 | 2012 | |||||
A | 39% | 30% | |||||
. | |||||||
Customer A is an automotive original equipment manufacturer (“OEM”) and sales to this customer are within the Catalyst segment. | |||||||
For the periods presented below, certain customers accounted for 10% or more of the Company’s accounts receivable balance as follows: | |||||||
December 31, | |||||||
Customer | 2013 | 2012 | |||||
A | 24% | 31% | |||||
B | ─ | 12% | |||||
Customer A above is an automotive OEM and customer B is a diesel system distributor. | |||||||
For the periods presented below, certain vendors accounted for 10% or more of the Company’s raw material purchases as follows: | |||||||
Years Ended | |||||||
December 31, | |||||||
Vendor | 2013 | 2012 | |||||
A | 17% | 11% | |||||
B | 15% | 14% | |||||
C | 13% | 8% | |||||
D | 12% | 11% | |||||
Vendors A and C are substrate suppliers, vendor B above is a catalyst supplier and vendor D is a rare earth material supplier. | |||||||
c. Use of Estimates | |||||||
The preparation of financial statements in conformity with accounting principles generally accepted in the United States (“U.S. GAAP”) requires management of the Company to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses, and related disclosure of contingent liabilities. These estimates and assumptions are based on management’s best estimates and judgment. On an ongoing basis, the Company evaluates its estimates and assumptions, including those related to impairment of goodwill and long-lived assets, stock-based compensation, the fair value of financial instruments including warrants, allowance for doubtful accounts, inventory valuation, taxes and contingent and accrued liabilities. The Company bases its estimates on historical experience and various other factors, including the current economic environment, which it believes to be reasonable under the circumstances. Estimates and assumptions are adjusted when facts and circumstances dictate. Actual results may differ from these estimates under different assumptions and conditions. Management believes that the estimates are reasonable. | |||||||
d. Cash | |||||||
Cash of $3.9 million and $6.9 million at December 31, 2013 and 2012, respectively, consist of cash balances on hand and on deposit at banks. Cash on deposit at banks at times may exceed the FDIC limits. The Company believes no significant concentration of credit risk exists with respect to these cash balances. | |||||||
e. Accounts Receivable | |||||||
Accounts receivable are recorded at the invoiced amount and do not bear interest. Accounts receivable are presented net of a reserve for doubtful accounts of $0.4 million at December 31, 2013 and 2012. The allowance for doubtful accounts is the Company’s best estimate of the amount of probable credit losses in the Company’s existing accounts receivable. The Company determines the allowance based on historical write-off experience and past due balances over 60 days that are reviewed individually for collectability. Account balances are charged off against the allowance after all means of collection have been exhausted and the potential for recovery is considered remote. The Company does not have any off balance sheet credit exposure related to its customer. | |||||||
f. Inventories | |||||||
Inventories are stated at the lower of cost (FIFO method) or market (net realizable value). Finished goods inventory includes materials, labor and manufacturing overhead. The Company establishes provisions for inventory that is obsolete or when quantities on hand are in excess of estimated forecasted demand. The creation of such provisions results in a write-down of inventory to net realizable value and a charge to cost of sales. Aggregate inventory write downs were $0.5 million and $1.3 million for the years ended December 31, 2013 and 2012, respectively. | |||||||
The Company’s inventory includes precious metals (platinum, palladium and rhodium) for use in the manufacturing of catalysts. The precious metals are valued at the lower of cost or market, consistent with the Company’s other inventory. Included in raw material at December 31, 2013 and 2012 are precious metals of $0.1 million and $0.8 million, respectively. | |||||||
g. Property and Equipment | |||||||
Property and equipment is capitalized at cost and is stated at cost less accumulated depreciation and amortization. Depreciation and amortization is determined using the straight line method over the estimated useful lives of the various asset classes. Machinery and equipment are depreciated over 2 to 10 years; furniture and fixtures, computer hardware and software and vehicles are depreciated over 2 to 5 years. Property and equipment held under capital leases and leasehold improvements are amortized over the shorter of estimated useful lives or the lease term. Repairs and maintenance are charged to expense as incurred and major replacements or betterments are capitalized. Depreciation expense was $0.6 million and $0.7 million for the years ended December 31, 2013 and 2012, respectively. | |||||||
h. Goodwill and Intangible Assets | |||||||
Goodwill is the excess of the purchase price of an acquired entity over the fair value of net identified tangible and intangible assets acquired and is recorded in the reporting unit (operating segment or one level below operating segment) that is expected to benefit from the business combination. Goodwill is not amortized, but rather tested for impairment at least annually or more often whenever events or circumstances indicate that goodwill might be impaired. The Company performs its annual impairment test as of October 31. | |||||||
Goodwill is tested at the reporting unit level using a two-step impairment test. The first step is to compare the fair value of the reporting unit to its carrying value, including goodwill. If the carrying value of the reporting unit exceeds the fair value, a second step is performed in order to determine the amount of impairment loss, if any. The second step compares the implied fair value of the reporting unit’s goodwill with the carrying amount of that goodwill. If the carrying amount of the reporting unit’s goodwill exceeds its implied fair value, an impairment charge is recognized in an amount equal to that excess. Prior to performing the two-step impairment test, the Company may make a qualitative assessment of the likelihood of goodwill impairment in order to determine whether a detailed quantitative analysis is required. | |||||||
The Company’s Engine Control Systems reporting unit, which is within its Heavy Duty Diesel Systems reporting segment, contains all of the Company’s allocated goodwill. The Company performed Step 1 of the annual impairment test as of October 31, 2013 and determined that the fair value of the Company’s reporting unit (as determined using income and market approaches) was substantially greater than the carrying amount of the respective reporting unit, including goodwill, and Step 2 was not necessary; therefore, there was no impairment to the carrying amount of the reporting unit’s goodwill. The Company has recorded no impairment charges to date for this goodwill. The Company also determined that no subsequent events through December 31, 2013 triggered additional impairment testing; however, it is reasonably possible that future impairment tests may result in a different conclusion for the goodwill of the Engine Control Systems reporting unit. The estimate of fair value of the reporting units is sensitive to certain factors including but not limited to the following: movements in the Company’s share price, changes in discount rates and its cost of capital, growth of the reporting unit’s revenue, cost structure of the reporting unit, successful completion of research and development and customer acceptance of new products, expected changes in emissions regulations and approval of the reporting unit’s product by regulatory agencies. | |||||||
The Company’s intangible assets consist of trade names, acquired patents and technology, and customer relationships and have finite lives. Intangible assets are carried at cost, less accumulated amortization. Amortization is computed on a straight-line or accelerated basis over the estimated useful lives of the respective assets, ranging from 4 to 20 years. Amortization expense was $0.7 million in each of the years ended December 31, 2013 and 2012. | |||||||
i. Long Lived Assets | |||||||
Assets such as property and equipment and amortizable intangible assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. An impairment loss is recognized when the sum of the expected undiscounted future net cash flows of an asset or asset group is less than its carrying amount and is measured as the amount by which the carrying amount of the asset or asset group exceeds its fair value. | |||||||
j. Warrants and Derivative Liabilities | |||||||
The Company accounts for the issuance of Company derivative equity instruments in accordance with Accounting Standards Codification (ASC) 815-40 “Derivative and Hedging.” The Company reviews common stock purchase warrants at each balance sheet date based upon the characteristics and provision of each particular instrument and classified them on the balance sheet as: | |||||||
· Equity if they (i) require physical settlement or net-share settlement, or (ii) give the Company a choice of net-cash settlement or settlement in the Company’s own shares (physical settlement or net-share settlement), or as | |||||||
· Assets or liabilities if they (i) require net-cash settlement (including a requirement to net-cash settle the contract if an event occurs and if that event is outside the Company’s control), or (ii) give the counterparty a choice of net-cash settlement or settlement in shares (physical settlement of net-share settlement). | |||||||
The Company assesses classification of common stock purchase warrants and other freestanding derivatives at each reporting date to determine whether a change in classification between assets and liabilities and equity is required. | |||||||
k. Income Taxes | |||||||
Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax basis and operating loss and tax credit carryforwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. A valuation allowance against deferred tax assets is required if, based on the weight of available evidence, it is more likely than not that some portion or all of the deferred tax assets will not be realized. The valuation allowance should be sufficient to reduce the deferred tax assets to the amount that is more likely than not to be realized. | |||||||
The Company recognizes the effect of income tax positions only if those positions are more likely than not of being sustained. Changes in recognition or measurement are reflected in the period in which the change occurs. The Company records interest and penalties related to unrecognized tax benefit in income tax expense. | |||||||
l. Revenue Recognition | |||||||
Revenues are derived primarily from the sale of products. The Company generally recognizes revenue when products are shipped and the customer takes ownership and assumes risk of loss, collection of the relevant receivable is reasonably assured, persuasive evidence of an arrangement exists and the sales price is fixed or determinable. There are certain customers where risk of loss transfers at destination point and revenue is recognized when product is delivered to the destination. For these customers, revenue is recognized upon receipt at the customer’s warehouse. When terms of sale include subjective customer acceptance criteria, the Company defers revenue until the acceptance criteria are met. The determination of whether or not the customer acceptance terms are perfunctory or inconsequential impacts the amount and timing of the revenue recognized. | |||||||
On May 2, 2011, the Company entered into an agreement with Tanaka Kikinzoku Kogyo K.K. ("TKK"), its investment partner in the Asia Pacific region, to provide equipment, engineering and support services to assist in TKK’s establishment of manufacturing operations in China under a joint venture between TKK and a Chinese entity for the purpose of manufacturing and selling diesel and automotive exhaust emission products in the China market. In September 2012, the Company and TKK entered into an amendment to the agreement reducing the scope of services under the contract resulting in a change in the total value of the contract from $1.5 million to $1.0 million. | |||||||
The Company accounted for this contract under ASC 605-35, “Revenue Recognition – Construction-type and Production-type Contracts” under the completed-contract method. In 2012, the Company completed its obligations under the agreement, as amended. As such, the Company recognized $1.0 million in revenue and $0.3 million in cost of revenues in the year ended December 31, 2012. | |||||||
m. Cost of Revenue | |||||||
Cost of revenue includes direct material costs and factory labor as well as factory overhead expense. Indirect factory expense includes the costs of freight (inbound and outbound for direct materials and finished goods, respectively), purchasing and receiving, inspection, testing, warehousing, utilities and depreciation of facilities and equipment utilized in the production and distribution of products. | |||||||
n. Selling, General and Administrative Expense | |||||||
Selling, general and administrative expense includes the salary and benefits for sales, marketing and administrative staff as well as samples provided at no-cost to customers, marketing materials, travel, legal, accounting and tax consulting. Also included is any depreciation related to assets utilized in selling, general and administrative functions as well as amortization of acquired intangible assets. | |||||||
o. Research and Development | |||||||
Research and development costs are generally expensed as incurred. These expenses include the salary and benefits for the research and development staff as well as travel, research materials, testing and legal expense related to patenting intellectual property. Also included is any depreciation related to assets utilized in the development of new products. | |||||||
p. Stock-Based Compensation | |||||||
Equity awards consist of stock options and restricted stock units (“RSUs”). The Company measures the compensation cost for all stock-based awards at fair value on the date of grant and recognizes it on a straight-line basis over the service period for awards expected to vest. | |||||||
The Company measures the fair value of stock options using the Black-Scholes option-pricing model and certain assumptions, including the expected life of the stock options, an expected forfeiture rate and the expected volatility of its common stock. The fair value of RSUs is based on the closing price of the Company’s common stock on the grant date. | |||||||
q. Product Warranty | |||||||
The Company provides for the estimated cost of product warranties in cost of sales, at the time product revenue is recognized. Warranty costs are estimated primarily using historical warranty information in conjunction with current engineering assessments applied to the Company’s expected repair or replacement costs. | |||||||
r. Foreign Currency | |||||||
The functional currency of the Heavy Duty Diesel Systems division’s Engine Control Systems Limited subsidiary in Canada is the Canadian dollar, while that of its subsidiary Engine Control Systems Europe AB in Sweden is the Swedish krona and the division’s Clean Diesel Technologies Limited UK subsidiary, is the British pound sterling. The functional currency of the Catalyst division’s Japanese branch office and Asian investment is the Japanese Yen. Accordingly, the assets and liabilities of the foreign locations are translated into U.S. dollars at period-end exchange rates. Revenue and expense accounts are translated at the average exchange rates for the period. The resulting foreign currency exchange adjustments are charged or credited directly to other comprehensive income or loss as a separate component of stockholders’ equity. Unrealized foreign currency exchange gains and losses on certain intercompany transactions that are of a long-term investment nature (i.e. settlement is not planned or anticipated in the foreseeable future) are also recorded in other comprehensive income or loss in stockholders’ equity. Accumulated other comprehensive loss contained only foreign currency translation adjustments as of December 31, 2013 and 2012. | |||||||
The Company has exposure to multiple currencies. The primary exposure is between the U.S. dollar, the Canadian dollar, the Euro, British pound sterling and Swedish krona. Gains and losses arising from transactions denominated in currencies other than the functional currency of the entity are included in other income (expense) in the consolidated statements of comprehensive loss. Gains and losses arising from transactions denominated in foreign currencies are primarily related to inter-company loans that have been determined to be temporary in nature, cash, accounts receivable and accounts payable denominated in non-functional currencies. | |||||||
s. Net Loss per Share | |||||||
Basic net loss per share is computed using the weighted average number of common shares outstanding during the period. Diluted net loss per share is computed using the weighted average number of common shares and dilutive potential common shares. Dilutive potential common shares include employee stock options and RSUs and warrants and debt that are convertible into the Company’s common stock. | |||||||
Diluted net loss per share excludes certain dilutive potential common shares outstanding as their effect is anti-dilutive. Because the Company incurred net losses in the years ended December 31, 2013 and 2012, the effect of potentially dilutive securities has been excluded in the computation of net loss per share and net loss from continuing operations per share as their impact would be anti-dilutive. Potential common stock equivalents excluded consist of the following (in thousands): | |||||||
Years Ended | |||||||
December 31, | |||||||
2013 | 2012 | ||||||
Common stock options | 715 | 786 | |||||
RSUs | 312 | 167 | |||||
Warrants | 1,139 | 923 | |||||
Convertible notes | 250 | 250 | |||||
Total | 2,416 | 2,126 | |||||
t. Fair Value Measurements | |||||||
Fair value is defined as an exit price, representing the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. As such, fair value is a market-based measurement that should be determined based on assumptions that market participants would use in pricing an asset and liability. As a basis for considering such assumptions, a fair value hierarchy has been established that prioritizes the inputs used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (level 1 measurement) and the lowest priority to unobservable inputs (level 3 measurements). The three levels of the fair value hierarchy are as follows: | |||||||
· Level 1: Quoted prices (unadjusted) in active markets for identical assets or liabilities; | |||||||
· Level 2: Inputs other than quoted prices included within Level 1 that are either directly or indirectly observable including quoted prices for similar instruments in active markets and quoted prices for identical or similar instruments in markets that are not active; and | |||||||
· Level 3: Unobservable inputs in which little or no market activity exists, therefore requiring an entity to develop its own assumptions about the assumptions that market participants would use in pricing. | |||||||
The Company records its liability-classified warrants at fair value in accordance with the fair value measurement framework. The valuation inputs hierarchy classification for the warrant liability measured at fair value on a recurring basis is summarized below. See note 11. | |||||||
As of December 31, 2013: | Level 1 | Level 2 | Level 3 | ||||
Liabilities | |||||||
Warrant liability | ─ | ─ | $939 | ||||
─ | ─ | $939 | |||||
As of December 31, 2012: | Level 1 | Level 2 | Level 3 | ||||
Liabilities | |||||||
Warrant liability | ─ | ─ | $10 | ||||
─ | ─ | $10 | |||||
u. Fair Value of Financial Instruments | |||||||
ASC Topic 825, “Financial Instruments,” requires disclosure of the fair value of financial instruments for which the determination of fair value is practicable. The fair values of the Company’s cash, trade accounts receivable, prepaid expenses and other current assets, accounts payable and accrued expenses and other current liabilities approximate carrying values due to the short maturity of these instruments. The fair value of borrowings under the line of credit approximates their carrying value due to the variable interest rates. The fair value of shareholder notes payable, current, calculated using a net present value model is $0.1 million at December 31, 2012. The fair value of shareholder notes payable, noncurrent, calculated using level 3 inputs, including a Black-Scholes option-pricing model to value the debt’s conversion factor and a net present value model is $7.5 million and $7.4 million at December 31, 2013 and 2012, respectively. | |||||||
v. Reclassifications | |||||||
Certain prior-period amounts have been reclassified to conform to the current period presentation. These changes had no impact on the previously reported consolidated results of operations or stockholders' equity. | |||||||
w. Recently Adopted Accounting Guidance | |||||||
In December 2011, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2011-11, “Disclosures about Offsetting Assets and Liabilities,” which requires an entity to disclose information about offsetting and related arrangements to enable users of its financial statements to understand the effect of those arrangements on its financial position. ASU No. 2011-11 is effective for annual and interim periods beginning on are after January 1, 2013. Retrospective application is required. The guidance concerns disclosure only and adoption did not have an impact on the Company’s financial position or results of operations. | |||||||
In February 2013, the FASB issued ASU No. 2013-02, "Comprehensive Income (Topic 220): Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income," which requires disclosure of significant amounts reclassified out of accumulated other comprehensive income by component and their corresponding effect on the respective line items of net income. This guidance is effective for reporting periods beginning after December 15, 2012. Adoption of this guidance on January 1, 2013 did not have a material impact on the Company’s consolidated financial statements or financial statement disclosures. | |||||||
x. Recently Issued Accounting Guidance | |||||||
In March 2013, the FASB issued ASU No. 2013-05, "Parent's Accounting for the Cumulative Translation Adjustment upon Derecognition of Certain Subsidiaries or Groups of Assets within a Foreign Entity or of an Investment in a Foreign Entity." The objective of ASU 2013-05 is to resolve the diversity in practice regarding the release into net income of the cumulative translation adjustment upon derecognition of a subsidiary or group of assets within a foreign entity. ASU 2013-05 is effective for reporting periods beginning after December 15, 2013 and is not expected to have a material impact on the Company’s consolidated financial statements or financial statement disclosures. | |||||||
In June 2013, the FASB ratified Emerging Issues Task Force (EITF) Issue 13-C, “Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists” which concludes an unrecognized tax benefit should be presented as a reduction of a deferred tax asset when settlement in this manner is available under the tax law. The Company will adopt this amendment in the first quarter of 2014, and does not expect adoption of this standard to have a material impact on its consolidated financial statements or financial statement disclosures. |
Inventories
Inventories | 12 Months Ended | |||
Dec. 31, 2013 | ||||
Inventory Disclosure [Abstract] | ' | |||
Inventory Disclosure [Text Block] | ' | |||
3. Inventories | ||||
Inventories consist of the following (in thousands): | ||||
December 31, | ||||
2013 | 2012 | |||
Raw materials | $2,782 | $4,340 | ||
Work in progress | 1,039 | 1,815 | ||
Finished goods | 2,098 | 2,542 | ||
Inventories | $5,919 | $8,697 | ||
Property_and_Equipment
Property and Equipment | 12 Months Ended | |||
Dec. 31, 2013 | ||||
Property, Plant and Equipment [Abstract] | ' | |||
Property, Plant and Equipment Disclosure [Text Block] | ' | |||
4. Property and Equipment | ||||
Property and equipment consists of the following (in thousands): | ||||
December 31, | ||||
2013 | 2012 | |||
Buildings and improvements | $715 | $855 | ||
Furniture and fixtures | 2,360 | 2,357 | ||
Computer hardware and software | 1,460 | 1,477 | ||
Machinery and equipment | 12,233 | 12,269 | ||
Vehicles | 37 | 37 | ||
Property and equipment, Gross | 16,805 | 16,995 | ||
Less accumulated depreciation | -15,346 | -14,995 | ||
Property and equipment, Net | $1,459 | $2,000 | ||
Goodwill_and_Intangible_Assets
Goodwill and Intangible Assets | 12 Months Ended | |||||
Dec. 31, 2013 | ||||||
Goodwill and Intangible Assets Disclosure [Abstract] | ' | |||||
Goodwill and Intangible Assets Disclosure [Text Block] | ' | |||||
5. Goodwill and Intangible Assets | ||||||
Goodwill | ||||||
The Company’s Engine Control Systems reporting unit, which is within its Heavy Duty Diesel Systems reporting segment, contains all of the Company’s allocated goodwill. The changes in the carrying amount of goodwill are as follows (in thousands): | ||||||
Balance at December 31, 2011 | $5,955 | |||||
Effect of translation adjustment | 132 | |||||
Balance at December 31, 2012 | 6,087 | |||||
Effect of translation adjustment | -217 | |||||
Balance at December 31, 2013 | $5,870 | |||||
Intangible Assets | ||||||
Intangible assets consist of the following (in thousands): | ||||||
December 31, | ||||||
Useful Life | 2013 | 2012 | ||||
in Years | ||||||
Trade name | 15 – 20 | $1,352 | $1,404 | |||
Patents and know-how | 5 – 12 | 4,814 | 5,072 | |||
Customer relationships | 4 – 8 | 1,224 | 1,269 | |||
Intangible assets, Gross | 7,390 | 7,745 | ||||
Less accumulated amortization | -3,882 | -3,376 | ||||
Intangible assets, Net | $3,508 | $4,369 | ||||
Estimated amortization expense for existing intangible assets for each of the next five years is as follows (in thousands): | ||||||
Years ending December 31: | ||||||
2014 | $677 | |||||
2015 | 672 | |||||
2016 | 524 | |||||
2017 | 512 | |||||
2018 | 169 | |||||
Accrued_Expenses_and_Other_Cur
Accrued Expenses and Other Current Liabilities | 12 Months Ended | |||
Dec. 31, 2013 | ||||
Accrued Expenses And Other Current Liabilities [Abstract] | ' | |||
Accrued Expenses And Other Current Liabilities [Text Block] | ' | |||
6. Accrued Expenses and Other Current Liabilities | ||||
Accrued expenses and other current liabilities consist of the following (in thousands): | ||||
December 31, | ||||
2013 | 2012 | |||
Accrued salaries and benefits | $1,232 | $1,347 | ||
Warrant liability | 939 | 10 | ||
Liability for consigned precious metals | 832 | 694 | ||
Accrued legal settlement and related expenses | 616 | ─ | ||
Accrued severance and other charges | 530 | 490 | ||
Accrued warranty | 453 | 665 | ||
Sales tax payable | 206 | 216 | ||
Other | 1,194 | 1,092 | ||
Accrued expenses and other current liabilities | $6,002 | $4,514 | ||
Severance_and_Other_Charges
Severance and Other Charges | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Restructuring and Related Activities [Abstract] | ' | ||||||||
Restructuring and Related Activities Disclosure [Text Block] | ' | ||||||||
7. Severance and Other Charges | |||||||||
Severance and other charges consist of the following (in thousands): | |||||||||
Years Ended | |||||||||
December 31, | |||||||||
2013 | 2012 | ||||||||
Employee severance expense | $596 | $572 | |||||||
Lease exit costs | 27 | 184 | |||||||
Asset impairment | - | 133 | |||||||
Legal settlement | 616 | - | |||||||
Total severance and other charges | $1,239 | $889 | |||||||
Severance and Other Exit Costs | |||||||||
During 2012, the Company initiated actions to streamline both its facilities and its workforce. These actions were deemed necessary to meet the demands of the markets served by the Company and the economic environment and to improve profitability. In 2012 and 2013, the Company terminated 52 employees throughout North America, Europe, the United Kingdom and Asia. The Company also incurred lease termination costs related to the exit of a lease in North America and asset impairment expense related to the exit of this facility as well as to the exit of a leased facility in the United Kingdom. | |||||||||
On December 4, 2013, the Company’s President and Chief Executive Officer resigned in order to pursue other opportunities. The Company’s Board of Directors determined the departure to be termination without cause, pursuant to his employment agreement. The Company accrued $0.4 million for separation benefits in accordance with his employment agreement. | |||||||||
The following summarizes the activity in the Company’s accrual for severance and other exit costs (in thousands): | |||||||||
Severance | Lease Exit Costs | Other Charges | Total | ||||||
Accrual at December 31, 2011 | 0 | $ ─ | $ ─ | $ ─ | $ ─ | ||||
Provision in 2012 | 572 | 184 | 133 | 889 | |||||
Payments and other settlements in 2012 | -266 | ─ | -133 | -399 | |||||
Accrual at December 31, 2012 | 306 | 184 | ─ | 490 | |||||
Provision in 2013 | 596 | 27 | ─ | 623 | |||||
Payments and other settlements in 2013 | -372 | -211 | ─ | -583 | |||||
Accrual at December 31, 2013 | $530 | $ ─ | $ ─ | $530 | |||||
The Company expects to pay substantially all of these amounts during the year ended December 31, 2014. | |||||||||
Legal Settlement | |||||||||
On March 13, 2014, the Company reached a settlement with its former chief financial officer pursuant to an administrative complaint that she filed in 2010 which provides for the payment of a one-time lump sum amount of $0.4 million and the issuance of 75,000 shares of Company common stock. The Company has reserved $0.6 million at December 31, 2013, which includes the lump sum amount, the market value of the common stock on December 31, 2013 and $0.1 million in legal expenses incurred as of December 31, 2013, which is included in accrued expenses and other current liabilities in the accompanying balance sheet at December 31, 2013. See note 17 for further discussion. |
Accrued_Warranty
Accrued Warranty | 12 Months Ended | |||
Dec. 31, 2013 | ||||
Product Warranties Disclosures [Abstract] | ' | |||
Product Warranty Disclosure [Text Block] | ' | |||
8. Accrued Warranty | ||||
Accrued warranty is as follows (in thousands): | ||||
Years Ended | ||||
December 31, | ||||
2013 | 2012 | |||
Balance at beginning of year | $665 | $645 | ||
Accrued warranty expense | 540 | 728 | ||
Warranty claims paid | -707 | -725 | ||
Translation adjustment | -45 | 17 | ||
Balance at end of year | $453 | $665 | ||
Debt
Debt | 12 Months Ended | |||
Dec. 31, 2013 | ||||
Debt Disclosure [Abstract] | ' | |||
Debt Disclosure [Text Block] | ' | |||
9. Debt | ||||
Debt consists of the following (in thousands): | ||||
December 31, | ||||
2013 | 2012 | |||
Line of credit with FGI | $2,258 | $5,476 | ||
$1.5 million, 8% (6% at December 31, 2012) shareholder note due 2015 | 1,586 | 1,638 | ||
$3.0 million, 8% subordinated convertible shareholder notes due 2016 | 3,000 | 3,000 | ||
$3.0 million, 8% shareholder note due 2015 | 2,963 | 2,940 | ||
Debt, Total | 9,807 | 13,054 | ||
Less current portion | -2,258 | -5,576 | ||
Long-term debt, net of current portion | $7,549 | $7,478 | ||
In accounting for the classification of its outstanding debt as of December 31, 2013 and 2012, the Company considered the guidance in ASC 470-10-45. On January 30, 2013, the Company and Kanis S.A. agreed to amend certain terms of its 6% shareholder note due 2013 including changing the maturity date from June 30, 2013 to June 30, 2015. Also on January 30, 2013, the Company and Kanis S.A. entered into a letter agreement regarding the 8% subordinated convertible shareholder notes due 2016 whereby Kanis S.A. agreed not to accelerate the maturity of these convertible notes during the 2013 calendar year and on March 21, 2014, the Company and Kanis S.A. entered into another letter agreement whereby Kanis S.A. agreed not to accelerate the maturity of these convertible notes prior to July 1, 2015. As the Company had effectively refinanced these short-term obligations on a long-term basis subsequent to the respective balance sheet dates, the amounts were reflected as a component of shareholder notes payable, noncurrent in the consolidated balance sheets as of December 31, 2013 and 2012. See below for further discussion on the amendment and letter agreements. | ||||
Debt discounts relate to warrants issued with shareholder notes. The relative fair value of such warrants are recorded as a discount from the note amount and amortized using the effective interest method over the term of the note. The aggregate amount of unamortized debt discount was $0.1 million at December 31, 2013 and 2012. | ||||
Line of Credit with FGI | ||||
On February 14, 2011, the Company and certain of its subsidiaries (the “Credit Subsidiaries”) entered into Sale and Security Agreements with FGI to provide for a $7.5 million secured demand facility backed by its receivables and inventory (as amended, the “FGI Facility”). The Company and the Credit Subsidiaries also entered into guarantees to guarantee the performance of their obligations under the Sale and Security Agreements. The Company also granted FGI a first lien collateral interest in substantially all of its assets. On August 15, 2012, the Company and FGI agreed to amend the FGI Facility. As amended, the initial term was extended from February 14, 2013 to August 15, 2015 and may be extended at the Company’s option for additional one-year terms. However, FGI can cancel the facility at any time. | ||||
Under the FGI Facility, FGI can elect to purchase eligible accounts receivables from the Company and the Credit Subsidiaries at up to 80% of the value of such receivables (retaining a 20% reserve). Purchased receivables are subject to full recourse to the Company in the event of nonpayment by the customer. FGI becomes responsible for the servicing and administration of the accounts receivable purchased. The Company is not obligated to offer accounts in any month and FGI has the right to decline to purchase any accounts. At FGI’s election, FGI may advance the Company up to 80% of the value of any purchased accounts receivable, subject to the $7.5 million limit. Reserves retained by FGI on any purchased receivable are expected to be refunded to the Company net of interest and fees on advances once the receivables are collected from customers. The Company may also borrow against eligible inventory up to the inventory sublimit, as determined by FGI, subject to the aggregate $7.5 million limit under the FGI Facility and certain other conditions. At December 31, 2013, the inventory sublimit amount was the lesser of $1.5 million or 50% of the aggregate purchase price paid for accounts receivable purchased under the FGI facility. While the overall credit limit and the inventory sublimit was not changed, in the first quarter of 2014 borrowing against the Company's significant OEM customer's inventory has been eliminated by FGI due to their concerns about customer concentration. | ||||
The interest rate on advances or borrowings under the FGI Facility is the greater of (i) 6.50% per annum and (ii) 2.50% per annum above the prime rate, as defined in the FGI Facility and was 6.50% at December 31, 2013 and 2012. Any advances or borrowings under the FGI Facility are due on demand. The Company also agreed to pay FGI collateral management fees of 0.30% per month on the face amount of eligible receivables as to which advances have been made and 0.38% per month on borrowings against inventory, if any. At any time outstanding advances or borrowings under the FGI Facility are less than $2.4 million, the Company agreed to pay FGI standby fees of (i) the interest rate on the difference between $2.4 million and the average outstanding amounts and (ii) 0.44% per month on 80% of the amount by which advances or borrowings are less than the agreed $2.4 million minimum. | ||||
The Company paid FGI a one-time facility fee of $75,000 upon entry into the FGI Facility and $75,000 upon amending the FGI facility. If the Company terminates the FGI facility prior to the last day of the initial term, as extended, or any additional term, it must pay a termination fee of 2% of the facility limit then in effect. No termination fee will be due if the Company notifies FGI of its intent to terminate within 10 days of FGI increasing the reserve percentage for accounts to greater than 40% for more than 30 consecutive days. FGI may terminate the facility at any time. The termination fee is not payable upon a termination by FGI or upon non-renewal. | ||||
The Company accounts for the sale of accounts receivable under the FGI Facility as a secured borrowing with a pledge of the subject receivables as collateral in accordance with ASC 860, “Transfers and Servicing.” At December 31, 2013, the Company had $0.9 million in borrowings outstanding related to accounts receivable. This consisted of $1.9 million of borrowings on $2.5 million of pledged gross accounts receivable less $1.0 million in cash collections held by FGI related to non-pledged receivables. In accordance with ASC 210-20-45, the Company has presented this as a reduction in borrowings in its consolidated balance sheet at December 31, 2013 due to the right of offset. At December 31, 2013, the Company also had $1.4 million in borrowings outstanding against eligible inventory. The Company was in compliance with the terms of the FGI Facility at December 31, 2013. However, there is no guarantee that the Company will be able to borrow to the full limit of $7.5 million if FGI chooses not to finance a portion of its receivables or inventory. | ||||
$1.5 Million, 8% Shareholder Note Due 2015 | ||||
On December 30, 2010, the Company executed a Loan Commitment Letter with Kanis S.A., a shareholder of the Company, pursuant to which Kanis S.A. loaned the Company $1.5 million. The loan is unsecured and bears interest on the unpaid principal at a rate of 6%, with interest only payable quarterly in arrears, commencing March 31, 2011. In addition to principal and accrued interest, the Company was obligated to pay Kanis S.A. at maturity a “Payment Premium” ranging from $100,000 to $200,000 based proportionally on the number of days that the loan remains outstanding. There is no prepayment penalty. The loan originally matured on June 30, 2013. On January 30, 2013, the Company and Kanis S.A. agreed to amend certain terms of the loan to change the maturity date from June 30, 2013 to June 30, 2015 and to increase the interest rate from 6% to 8% beginning on June 30, 2013. In addition, the payment premium due under this note was changed to a fixed amount of $250,000 with $100,000 payable on June 30, 2013 and the remaining amount payable at maturity on June 30, 2015. | ||||
On June 28, 2013, the Company and Kanis S.A. entered into a letter agreement pursuant to which Kanis S.A. agreed that the $100,000 payment premium due June 30, 2013 and $135,000 in accrued interest on the shareholder notes payable to Kanis S.A. as of June 30, 2013 could be paid, at the option of the Company, in cash or by issuance of equity securities of the Company. On July 3, 2013, concurrent with the closing of its public offering, the Company issued to Kanis S.A. 188,000 shares of common stock and warrants to purchase up to 94,000 shares of common stock at $1.25 per share, in satisfaction of the payment premium and accrued interest, as described above. | ||||
In connection with the original loan, the Company issued Kanis S.A. warrants to acquire 25,000 shares of its common stock at $10.40 per share. The relative estimated fair value of such warrants represents a discount from the face amount of the loan and has been recorded as a discount from the loan amount. The discount is being amortized using the effective interest method over the term of the loan. | ||||
$3.0 Million, 8% Subordinated Convertible Shareholder Notes Due 2016 | ||||
On April 11, 2011, the Company entered into a Subordinated Convertible Notes Commitment Letter with Kanis S.A. that provides for the sale and issuance by the Company of 8% subordinated convertible notes (the “Notes”). As provided in the Commitment Letter, on May 6, 2011 Kanis S.A. purchased from the Company at par $3.0 million aggregate principal amount of the Notes, which bear interest at a rate of 8% per annum, payable quarterly in arrears. | ||||
The Notes have a stated maturity of five years from the date of issuance. The original agreement allowed for the acceleration of the maturity of the Notes if: (i) the Company was in breach of the notes or other agreements with Kanis S.A., or (ii) Kanis S.A. provided written notice, not less than 30 days prior to such date, that it elected to accelerate the maturity to a date not earlier than November 11, 2012. On February 16, 2012, the Company and Kanis S.A. agreed to amend the terms of the Notes to modify the early redemption date from November 11, 2012 to May 12, 2013. On January 30, 2013, the Company and Kanis S.A. entered into a letter agreement regarding the Notes whereby Kanis S.A. agreed not to accelerate the maturity of these Notes during the 2013 calendar year and on March 21, 2014, the Company and Kanis S.A. entered into a letter agreement whereby Kanis S.A. agreed not to accelerate the maturity of these notes prior to July 1, 2015. As discussed above, the Notes have been classified as noncurrent in the consolidated balance sheet at December 31, 2013. | ||||
The Notes also provide that the Company has the option to redeem the Notes at any time at a price equal to 100% of the face amount plus accrued and unpaid interest through the date of redemption. There is no prepayment penalty. The Notes are unsecured obligations of the Company and subordinated to existing and future secured indebtedness of the Company. | ||||
The outstanding principal balance of the Notes plus accrued and unpaid interest were convertible into shares of the Company’s common stock at an initial conversion price equal to $7.044 per share, which was 120% of the closing bid price per share of the Company’s common stock on April 8, 2011, into no more than 369,853 shares. The Company evaluated the Notes and determined that there were no embedded derivatives contained in the Notes that require separate accounting. Additionally, there was no beneficial conversion feature associated with the Notes since the conversion price was not lower than the estimated fair market value of the Company’s common stock on the issuance date. As such, the entire proceeds from the Notes are recorded as debt in the consolidated balance sheets. | ||||
On July 27, 2012, the Company and Kanis S.A. further amended the terms of the Notes to modify the conversion feature. As amended, the outstanding principal balance of the Notes, and accrued and unpaid interest are convertible, at the option of Kanis S.A., at any time upon written notice given not less than 75 calendar days prior to the date of conversion, into no more than 250,000 shares of the Company’s common stock at a conversion price of $4.00 per share. The Company evaluated the modification and determined that the modification was not substantial and did not qualify as a debt extinguishment. Accordingly, no gain or loss was recognized from the modification. | ||||
In connection with the February 16, 2012 amendment, the Company issued to Kanis S.A. warrants to acquire 5,000 shares of its common stock at $3.80 per share. The warrants are exercisable on or after August 16, 2014 and expire on the earlier of (x) August 16, 2017 and (y) that date that is 30 days after the Company gives notice to the warrant holder that the market value of one share of its common stock has exceeded 130% of the exercise price of the warrant for 10 consecutive days on or after August 16, 2014. The Company did not receive any cash consideration for the issuance of the warrants. The Company relied on the private placement exemption provided by Regulation S. | ||||
$3.0 Million, 8% Shareholder Note Due 2015 | ||||
On July 27, 2012, the Company executed a Loan Commitment Letter with Kanis S.A., pursuant to which the Company issued a promissory note in the principal amount of $3.0 million, which bears interest at 8% per annum, payable quarterly in arrears. The promissory note matures on July 27, 2015. There is no prepayment penalty or premium. The promissory note is unsecured. | ||||
In connection with the promissory note, the Company issued Kanis S.A. a warrant to acquire 45,000 shares of its common stock at $2.09 per share, a third of which becomes exercisable on the issuance date and each of the first and second anniversaries of the issuance date. This warrant expires on July 27, 2018. The Company did not receive any cash consideration for the issuance of this warrant, which was issued in reliance upon the private placement exemption provided by Regulation S. The relative estimated fair value of such warrant of $0.1 million represents a discount from the face amount of the loan and has been recorded as a discount from the loan amount. The discount is being amortized using the effective interest method over the term of the loan. | ||||
Annual scheduled principal payments of debt based on earliest redemption date as of December 31, 2013 are (in thousands): | ||||
Years ending December 31: | ||||
2014 | $2,258 | |||
2015 | 7,650 | |||
Total | $9,908 | |||
Stockholders_Equity
Stockholders' Equity | 12 Months Ended |
Dec. 31, 2013 | |
Stockholders' Equity Note [Abstract] | ' |
Stockholders' Equity Note Disclosure [Text Block] | ' |
10. Stockholders’ Equity | |
On May 23, 2012, the Company amended its Restated Certificate of Incorporation to increase the number of authorized shares of common stock to 24 million shares. At December 31, 2013, the Company had 24.1 million shares authorized, 24 million of which are $0.01 par value common stock and 100,000 of which are $0.01 par value preferred stock. | |
Issuance of Common Stock | |
On November 26, 2012, the Company issued 23,149 restricted shares of its common stock to MDB Capital Group LLC as payment for advisory services. | |
On June 28, 2013, the Company and one of its directors entered into an agreement pursuant to which the director agreed to purchase $100,000 of the Company’s common stock in a private placement at a price of $1.84 per share, the closing bid price on the day preceding the date of the agreement. In July 2013, the Company issued 54,347 shares of common stock to the director under this agreement. | |
Concurrent with its public offering of common stock, on July 3, 2013, the Company paid $235,000 of premium and interest due June 30, 2013, pursuant to loans made to the Company by Kanis S.A., with 188,000 shares of common stock and warrants to purchase 94,000 shares of common stock. The warrants have an exercise price of $1.25 per share, and are exercisable immediately for a period of five years. The Company relied on the private placement exemption provided by Regulation S. The warrants are within the scope of ASC 815-40 “Derivative and Hedging” and are required to be recorded as liabilities (see note 11). As such, the fair value of the warrants were recorded as a warrant liability on the issuance date. | |
Shelf Registration | |
On May 15, 2012, the Company filed a Shelf Registration which was declared effective by the SEC on May 21, 2012. The Shelf Registration permits the Company to sell, from time to time, up to an aggregate of $50.0 million of various securities, including common stock, preferred stock, warrants to purchase common stock or preferred stock and units consisting of one or more shares of common stock, shares of preferred stock, warrants, or any combination of such securities. However, the Company may not sell its securities in a primary offering pursuant to the Shelf Registration or any other registration statement on Form S-3 with a value exceeding one-third of its public float in any 12-month period (unless the Company’s public float rises to $75.0 million or more). The Shelf Registration is intended to provide the Company with additional flexibility to access capital markets for general corporate purposes, subject to market conditions and the Company's capital needs. | |
On June 28, 2013, the Company entered into an underwriting agreement (the “Underwriting Agreement”) with Roth Capital Partners, LLC, (the “Underwriter”) related to the public offering (the “Offering”) of an aggregate 1,600,000 shares of the Company’s common stock together with warrants to purchase up to 800,000 shares of common stock. The Underwriters were also granted a 30 day option to purchase up to an additional 240,000 shares of common stock and/or warrants to purchase up to an additional 120,000 shares of common stock to cover overallotments, if any. The offering was made pursuant to the Company’s Shelf Registration discussed above. On July 3, 2013, the Company closed the offering in which it sold 1,730,000 shares of common stock at a price of $1.245 per share and warrants to purchase up to 865,000 shares at a price per warrant of $0.01 (the “Offering Warrants”), including 130,000 shares and 65,000 warrants upon partial exercise of the Underwriter’s over-allotment option. The securities were sold in units consisting of one share of common stock and one half of a warrant to purchase one share of common stock for a price of $1.25 per unit. The Offering Warrants have an exercise price of $1.25 per share, and are exercisable immediately for a period of five years. Subsequent to December 31, 2013, warrant holders exercised an aggregate of 800,000 of warrants issued in the offering at an exercise price of $1.25 per share for gross proceeds of $1.0 million. | |
The Company received gross proceeds of $2.2 million and net proceeds of approximately $1.7 million after deducting discounts and commissions to the Underwriter and offering expenses. The Offering Warrants are within the scope of ASC 815-40 and are required to be recorded as liabilities (see note 11). Accordingly, of the $1.7 million in net proceeds, $1.1 million was allocated to the common stock and included in additional paid-in capital and $0.7 million was allocated to the warrant liability based on the fair value of the warrants on the issuance date. Additionally, $0.1 million of the underwriting discounts and commissions and offering costs were allocated to the Offering Warrants, based on the relative fair value of the Offering Warrants and the common stock on the issuance date, and is included in other expense, net in the accompanying statement of comprehensive loss for the year ended December 31, 2013. The Company used the proceeds for general corporate purposes, including working capital, general and administrative expenses, capital expenditures and implementation of its strategic priorities, and to repay a portion of amounts outstanding under its line of credit. | |
In accordance with the Underwriting Agreement, the Company issued the Underwriter a warrant to purchase in aggregate 34,600 shares of the Company’s common stock with an exercise price of $1.25 per share. The warrant is exercisable beginning on December 25, 2013 through June 28, 2018. The fair value of the warrants, which approximated zero, was accounted for as a cost of the offering. | |
Common Stock Purchase Agreement with LPC | |
On October 7, 2011, the Company signed a Purchase Agreement with LPC, together with a Registration Rights Agreement, whereby LPC agreed to purchase up to $10.0 million of the Company’s common stock over a 30-month period ending April 24, 2014. Pursuant to the Registration Rights Agreement, the Company filed a registration statement on Form S-1 with the SEC on October 13, 2011 covering 1,823,577 shares that have been issued or may be issued to LPC under the Purchase Agreement. Of the shares registered, 40,247 shares were issued to LPC as a commitment fee upon entering into the Purchase Agreement; 80,494 shares may be issued to LPC pro rata as an additional commitment fee as up to $10.0 million of the Company’s common stock is purchased by LPC; and 1,702,836 represent shares that the Company may sell to LPC under the Purchase Agreement. The registration statement related to the transaction was declared effective by the SEC on December 5, 2011. Accordingly, the Company has the right, in its sole discretion, over a 30-month period to sell shares of its common stock to LPC in amounts of up to $0.5 million to up to $1.5 million per sale, depending on certain conditions as set forth in the Purchase Agreement, up to the aggregate amount of $10.0 million. The aggregate number of shares issued pursuant to the Purchase Agreement is limited to 1,434,994 shares of common stock (19.99% of the outstanding shares of the Company’s common stock on October 7, 2011, the date of the Purchase Agreement) (the “Exchange Cap”), unless and until shareholder approval is obtained. The Exchange Cap is not applicable for at-market transactions, defined as when the average price for all shares purchased pursuant to the purchase agreement is greater than or equal the signing price of $2.76 plus $0.254, or $3.014 per share. There have been no sales to date under this arrangement. | |
There are no upper limits to the price LPC may pay to purchase the Company’s common stock and the purchase price of the shares related to the $10.0 million of future funding will be based on the prevailing market prices of the Company’s shares preceding the time of sales as computed in accordance with the Purchase Agreement without any fixed discount, with the Company controlling the timing and amount of future sales, if any, of shares to LPC. The purchase price per share is equal to the lesser of the lowest sales price of the Company’s common stock on the purchase date or the average of the three lowest closing sales prices of the Company’s common stock during the twelve consecutive business days prior to the date of the purchase by LPC. | |
LPC has agreed not to cause or engage in any manner whatsoever, any direct or indirect short selling or hedging of the Company’s shares of common stock. The Company may terminate the Purchase Agreement at any time at its discretion without any cost or penalty. Any proceeds received by the Company under the Purchase Agreement are expected to be used for working capital and general corporate purposes. |
Warrants
Warrants | 12 Months Ended | |||||
Dec. 31, 2013 | ||||||
Warrants Disclosures [Abstract] | ' | |||||
Warrants Disclosures [Text Block] | ' | |||||
11. Warrants | ||||||
From time to time, the Company issues warrants to purchase its common stock. These warrants have been issued for consulting services, in connection with the Company’s issuance of debt and sales of its common stock. | ||||||
Warrant activity is summarized as follows: | ||||||
Shares | Weighted Average Exercise Price | Range of Exercise Prices | ||||
Outstanding at December 31, 2011 | 929,914 | $15.13 | $2.80 - $169.47 | |||
Warrants issued | 50,000 | $2.26 | $2.09 - $3.80 | |||
Warrants expired | -56,824 | $123.37 | $75.00– $169.47 | |||
Outstanding at December 31, 2012 | 923,090 | $7.77 | $2.09 – $48.90 | |||
Warrants issued | 993,600 | $1.25 | $1.25 | |||
Warrants cancelled | -128,333 | $7.92 | $7.92 | |||
Warrants expired | -648,822 | $8.40 | $7.92 - $48.90 | |||
Outstanding at December 31, 2013 | 1,139,535 | $1.68 | $1.25 - $10.40 | |||
Warrants exercisable at December 31, 2013 | 1,119,535 | $1.67 | $1.25 - $10.40 | |||
On September 30, 2013, the Company and Kanis S.A. agreed to cancel a warrant to purchase 128,333 shares of Company common stock at $7.92 per share. The warrant was originally issued on December 22, 2010 and was scheduled to expire on December 22, 2013. | ||||||
The Company determines the grant-date fair value of warrants using the Black-Scholes option-pricing model unless the awards are subject to market conditions, in which case it uses a Monte Carlo simulation model, which utilizes multiple input variables to estimate the probability that market conditions will be achieved. These models are dependent on several variables such as the instrument’s expected term, expected strike price, expected risk-free interest rate over the expected term of the instrument, expected dividend yield rate over the expected term and the expected volatility. The expected strike price for warrants with full-ratchet down-round price protection is based on a weighted average probability analysis of the strike price changes expected during the term as a result of the full-ratchet down-round price protection. Due to the significant change in the Company following the Merger, CDTi’s pre-Merger historical price volatility was not considered representative of expected volatility going forward. Therefore, the Company has used an estimate based upon a weighted average of implied and historical volatility of a portfolio of peer companies and CDTi’s post-Merger historical volatility for the valuation of its warrants. The expected life is equal to the contractual life of the warrants. | ||||||
The weighted-average assumptions used in determining the grant date fair value for warrants issued in 2013 and 2012 were as follows: | ||||||
December 31, | ||||||
2013 | 2012 | |||||
CDTi stock price | $1.16 | $2.11 | ||||
Strike price | $1.25 | $2.26 | ||||
Expected volatility | 80.50% | 91.60% | ||||
Risk-free interest rate | 1.60% | 0.90% | ||||
Dividend yield | ─ | ─ | ||||
Expected life in years | 5 | 6 | ||||
Warrant Classification | ||||||
The Company evaluates warrants on issuance and at each reporting date to determine proper classification as equity or as a liability. | ||||||
At December 31, 2012, the Company had 379,678 outstanding warrants with an exercise price of $7.92, and original issuance date of October 15, 2010 that it is required to physically settle by delivering registered shares. In addition, while the relevant warrant agreement does not require cash settlement if the Company fails to maintain registration of the warrant shares, it does not specifically preclude cash settlement. Accordingly, the Company’s agreement to deliver registered shares without express terms for settlement in the absence of continuous effective registration is presumed to create a liability to settle these warrants in cash, requiring liability classification. These warrants expired unexercised on October 15, 2013. | ||||||
The 865,000 of Offering Warrants issued in 2013 also require settlement in registered shares. In addition, the Offering Warrants and warrants to purchase 94,000 shares of Company common stock issued concurrently with the public offering in a private placement include full-ratchet down-round price protection features. Accordingly, if the Company issues or sells equity securities for a consideration per share less than the exercise price of the warrants or changes the purchase or conversion price of securities convertible, exercisable or exchangeable for common stock, the exercise price of the warrants will adjust to such lower per share consideration amount, subject to certain exceptions. Because of these provisions, these warrants are not indexed to the Company’s stock, and, therefore, require liability classification under ASC 815, “Derivatives and Hedging.” | ||||||
The contracts for the remaining warrants, including 34,600 issued to the Underwriters in 2013 pursuant to the Underwriting Agreement, allow for settlement in unregistered shares and do not contain any other characteristics that would result in liability classification. Accordingly, these instruments have been classified in stockholders’ equity in the accompanying consolidated balance sheets and are only valued on the issuance date and not subsequently revalued. The Company evaluated the balance sheet classification of all warrants at December 31, 2013 and noted no changes. | ||||||
The Company’s warrant liability is carried at fair value and is classified as Level 3 in the fair value hierarchy because they are valued based on unobservable inputs. The Company determines the fair value of its warrant liability using a Monte Carlo simulation model, as described above. | ||||||
The assumptions used in the Monte Carlo simulation model to estimate the fair value of the warrant liability as of December 31, 2013 and 2012 are as follows: | ||||||
December 31, | December 31, | |||||
2013 | 2012 | |||||
CDTi stock price | $1.51 | $2.17 | ||||
Strike price | $1.25 | $7.92 | ||||
Expected volatility | 73.60% | 71.30% | ||||
Risk-free interest rate | 1.80% | 0.30% | ||||
Dividend yield | ─ | ─ | ||||
Expected life in years | 4.51 | 0.8 | ||||
The liability, included in accrued expenses and other current liabilities in the accompanying consolidated balance sheets, is re-measured at the end of each reporting period with changes in fair value recognized in other expense in the consolidated statements of comprehensive loss. | ||||||
The following is a reconciliation of the warrant liability measured at fair value using Level 3 inputs (in thousands): | ||||||
Year Ended | ||||||
December 31, | ||||||
2013 | 2012 | |||||
Balance at beginning of period | $10 | $100 | ||||
Issuance of common stock warrants | 749 | ─ | ||||
Re-measurement of common stock warrants | 180 | -90 | ||||
Balance at end of period | $939 | $10 | ||||
StockBased_Compensation
Stock-Based Compensation | 12 Months Ended | |||||||
Dec. 31, 2013 | ||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ' | |||||||
Disclosure of Compensation Related Costs, Share-based Payments [Text Block] | ' | |||||||
12. Stock-Based Compensation | ||||||||
The Clean Diesel Technologies, Inc. Stock Incentive Plan (formerly known as the Clean Diesel Technologies, Inc. 1994 Incentive Plan), as amended (the “Plan”), provides for the awarding of incentive stock options, non-qualified stock options, stock appreciation rights, restricted shares, performance awards, bonuses or other forms of share-based awards, or combinations of these to the Company’s directors, officers, employees, consultants and advisors (except consultants or advisors in capital-raising transactions) as determined by the board of directors. At the Company’s Annual Meeting of Shareholders held on May 23, 2012, the Company’s shareholders approved certain amendments to the Plan, the most significant of which changed the Plan name, removed the evergreen provision and established a maximum number of 1.4 million shares to be reserved for issuance under the Plan, disallowed the repricing of outstanding stock options without shareholder approval, removed the ability to issue cash bonus awards under the Plan and modified the change in control provisions within the Plan. As of December 31, 2013, there were 405,351 shares available for future grants under the Plan. | ||||||||
Total stock-based compensation expense for both employee and non-employee awards for the years ended December 31, 2013 and 2012 was $0.7 million and $0.5 million, respectively. | ||||||||
In 2013, the Company granted a total of 254,411 RSUs to executive officers and other key employees at a weighted average fair value of $2.17 per unit. Of these, 29,190 vest over approximately one year and the remaining 225,221 vest a third on each of the first, second and third anniversaries from the March 20, 2013 grant date. | ||||||||
In 2012, the Compensation Committee approved the grant of long-term incentive awards to executive officers and other key employees consisting of a combination of nonqualified stock options and RSUs. The Company granted a total of 330,219 nonqualified stock options at a weighted average exercise price of $2.97 per share, a third of which vest on February 22, 2013 (the “Initial Vesting Date”) and each of the first and second anniversaries of the Initial Vesting Date. The Company also issued 113,255 RSUs at a weighted average fair value of $2.95 per unit, a third of which generally vest on March 20, 2013 (the “Vesting Commencement Date”) and each of the first and second anniversaries of the Vesting Commencement Date. | ||||||||
CEO Inducement Awards | ||||||||
On March 8, 2012, the Compensation and Nominating Committee of the Company’s Board of Directors (the “Compensation Committee”) approved the grant of nonqualified stock options and RSUs to the Company’s newly-appointed Chief Executive Officer and President. The grant was made outside of the Clean Diesel Technologies, Inc. Stock Incentive Plan as an inducement award without stockholder approval pursuant to Rule 5635(c)(4) of the NASDAQ Listing Rules. The Company granted 176,676 nonqualified stock options at an exercise price of $2.83 per share. These options have a ten-year term, and vest 28% on the first anniversary of the date of grant and 9% quarterly thereafter. The Company filed a registration statement on Form S-8 with the Securities and Exchange Commission registering the shares subject to the option grant on June 8, 2012. The Company also granted 58,892 RSUs at a fair value of $2.83 per unit. These RSUs vest 28% on the first anniversary of the date of grant and 9% quarterly thereafter, beginning June 20, 2013. | ||||||||
On December 19, 2013, the Compensation Committee approved the modification of the remaining 26,501 unvested RSUs in this grant to accelerate the vesting upon his termination from the Company effective January 9, 2014. This was considered a Type III modification in accordance with the authoritative guidance for share-based compensation, and, as a result, the Company reversed all expense previously recorded for these awards and recorded the fair value of the new award immediately. The total incremental compensation expense resulting from this modification was not significant. | ||||||||
Non-Employee Director Awards | ||||||||
Through 2012, each non-employee director was granted stock options covering 5,000 common shares each year, one twelfth of which vest each month over the following year. Beginning in 2014, each non-employee director will receive a restricted share unit grant valued at $30,000, with the timing and vesting to be at the discretion of the Board of Directors on recommendation of the compensation and nominating committee. There were no grants to non-employee directors in 2013. | ||||||||
Stock Options | ||||||||
Stock option activity is summarized as follows: | ||||||||
Options | Weighted Average Exercise Price | Weighted Average Remaining Contractual Term | Aggregate Intrinsic Value | |||||
(in years) | ||||||||
Outstanding at December 31, 2011 | 301,634 | $18.57 | ||||||
Granted | 536,895 | $2.90 | ||||||
Cancelled | -41,175 | $3.06 | ||||||
Expired | -11,368 | $78.97 | ||||||
Outstanding at December 31, 2012 | 785,986 | $7.81 | 8.48 | ─ | ||||
Cancelled | -34,966 | $3.06 | ||||||
Expired | -36,308 | $25.01 | ||||||
Outstanding at December 31, 2013 | 714,712 | $7.17 | 7.58 | ─ | ||||
Exercisable at December 31, 2013 | 477,478 | $9.29 | 7.28 | ─ | ||||
The aggregate intrinsic value represents the difference between the exercise price and the Company’s closing stock price on the last trading day of the year. | ||||||||
Stock options granted under the Plan typically expire ten years from the date of grant and are issued at a price equal to the fair market value of the underlying stock on the date of grant. The Company’s board of directors may establish such vesting and other conditions with respect to options as it deems appropriate. | ||||||||
The Company estimates the fair value of stock options using a Black-Scholes option-pricing model. The weighted-average assumptions and grant date fair value for the years ended December 31, 2012 were as follows: | ||||||||
2012 | ||||||||
Expected volatility | 84.00% | |||||||
Risk-free interest rate | 1.10% | |||||||
Dividend yield | ─ | |||||||
Expected life in years | 5.9 | |||||||
Weighted average grant date fair value | $2.04 | |||||||
The expected term of the options has historically been based upon the historical term until exercise or expiration of all granted options. Due to the significant change in the Company following the Merger and significant change in the terms of the options granted, CDTI’s pre-Merger historical exercise data was not considered to provide a reasonable basis for estimating the expected term for current option grants. As such, the expected term of stock options granted subsequent to the Merger was determined using the “simplified method” as allowed under ASC 718-10-S99, “Compensation - Stock Compensation: Overall: SEC Materials.” The “simplified method” calculates the expected term as the average of the vesting term and original contractual term of the options. Also, due to the significant change in the Company following the Merger, CDTI’s pre-Merger historical price volatility was not considered representative of expected volatility going forward. Therefore, the Company utilized an estimate based upon the historical and implied volatility of a portfolio of peer companies. The risk-free interest rate is the constant maturity rate published by the U.S. Federal Reserve Board that corresponds to the expected term of the option. The dividend yield is assumed as 0% because the Company has not paid dividends and does not expect to pay dividends in the future. | ||||||||
Compensation costs for stock options that vest over time are recognized over the vesting period on a straight-line basis. As of December 31, 2013, the Company had $0.2 million of unrecognized compensation cost related to stock option grants that remained to be recognized over vesting periods. These costs are expected to be recognized over a weighted average period of 1.1 years. | ||||||||
There was no cash received from option exercises under any share-based payment arrangements for the year ended December 31, 2013 or 2012. | ||||||||
Restricted Stock Units | ||||||||
RSU activity is as follows: | ||||||||
Shares | Weighted Average Grant Date Fair Value | Aggregate Intrinsic Value | ||||||
Non-vested share units at December 31, 2011 | 25,238 | $5.64 | ─ | |||||
Granted | 172,147 | $2.91 | ─ | |||||
Vested and issued | -12,508 | $5.50 | ─ | |||||
Forfeited | -17,712 | $3.35 | ─ | |||||
Non-vested share units at December 31, 2012 | 167,165 | $3.08 | ─ | |||||
Granted | 254,411 | $2.17 | ─ | |||||
Vested and issued | -74,978 | $3.22 | ─ | |||||
Forfeited | -34,402 | $2.48 | ─ | |||||
Non-vested share units at December 31, 2013 | 312,196 | $2.37 | ─ | |||||
Vested and unissued at December 31, 2013 | 26,638 | $2.55 | ─ | |||||
For the years ended December 31, 2013 and 2012, the total estimated vest date fair value of restricted stock awards was $0.2 and $0 million, respectively. As of December 31, 2013, the Company had approximately $0.3 million of unrecognized compensation expense, net of estimated forfeitures, related to RSUs, which will be recognized over a weighted average estimated remaining life of 1.8 years. In 2013, of the 74,978 shares vested, 2,536 vested shares were withheld for minimum statutory tax obligations, resulting in a net issuance of 72,442 shares. |
Other_Expense_Income_Net
Other (Expense) Income, Net | 12 Months Ended | |||
Dec. 31, 2013 | ||||
Other Income and Expenses [Abstract] | ' | |||
Other Income and Other Expense Disclosure [Text Block] | ' | |||
13. Other (Expense) Income, Net | ||||
Other (expense) income, net, consists of the following (in thousands): | ||||
Years Ended | ||||
December 31, | ||||
2013 | 2012 | |||
(Loss) income from unconsolidated affiliates | ($561) | $27 | ||
(Loss) gain on change in fair value of liability-classified warrants | -180 | 90 | ||
Foreign currency exchange gain (loss) | 98 | -483 | ||
All other, net | -119 | -390 | ||
Other expense, net | ($762) | ($756) | ||
Income_Taxes
Income Taxes | 12 Months Ended | |||||
Dec. 31, 2013 | ||||||
Income Tax Disclosure [Abstract] | ' | |||||
Income Tax Disclosure [Text Block] | ' | |||||
14. Income Taxes | ||||||
(Loss) income from continuing operations before income taxes include the following components (in thousands): | ||||||
Years Ended | ||||||
December 31, | ||||||
2013 | 2012 | |||||
U.S.-based operations | ($8,481) | ($7,872) | ||||
Non U.S.-based operations | 2,053 | -2,189 | ||||
(Loss) income from continuing operations before income taxes | ($6,428) | ($10,061) | ||||
Income tax expense (benefit) attributable to loss from continuing operations is summarized as follows (in thousands): | ||||||
Current | Deferred | Total | ||||
Year ended December 31, 2013: | ||||||
U.S. Federal | $ ─ | $ ─ | $ ─ | |||
State and local | 16 | ─ | 16 | |||
Foreign | 405 | -69 | 336 | |||
Total | $421 | ($69) | $352 | |||
Year ended December 31, 2012: | ||||||
U.S. Federal | $ ─ | $ ─ | $ ─ | |||
State and local | 16 | ─ | 16 | |||
Foreign | -212 | -171 | -383 | |||
Total | ($196) | ($171) | ($367) | |||
Income taxes attributable to loss from continuing operations differ from the amounts computed by applying the U.S. federal statutory rate of 34% to loss from continuing operations before income taxes as shown below (in thousands): | ||||||
Years Ended | ||||||
December 31, | ||||||
2013 | 2012 | |||||
Expected tax benefit | ($2,185) | ($3,421) | ||||
Net tax effects of: | ||||||
Foreign tax rate differential | -515 | 408 | ||||
State taxes, net of federal benefit | -62 | -529 | ||||
Return to provision adjustment | -270 | 832 | ||||
Research and other credits | -139 | -2 | ||||
Permanent difference on deemed dividend | 1,040 | - | ||||
Permanent difference on warrants | 61 | -31 | ||||
Other | 35 | 73 | ||||
Change in deferred tax asset valuation allowance | 2,387 | 2,303 | ||||
Income tax expense (benefit) from continuing operations | $352 | ($367) | ||||
Deferred tax assets and liabilities consist of the following (in thousands): | ||||||
December 31, | ||||||
2013 | 2012 | |||||
Deferred tax assets: | ||||||
Research and development credits | $1,824 | $1,707 | ||||
Other credits | 378 | 347 | ||||
Operating loss carry forwards | 12,592 | 10,562 | ||||
Inventories | 338 | 469 | ||||
Allowance for doubtful accounts | 118 | 563 | ||||
Depreciation | 349 | 246 | ||||
Deferred research and development expenses for income tax | 327 | 327 | ||||
Non-cash compensation | 957 | 706 | ||||
Other | 794 | 536 | ||||
Total gross deferred tax assets | 17,677 | 15,463 | ||||
Valuation allowance | -17,293 | -14,906 | ||||
Net deferred tax assets | 384 | 557 | ||||
Deferred tax liabilities | ||||||
Other identifiable intangible assets | -1,070 | -1,354 | ||||
Total gross deferred tax liabilities | -1,070 | -1,354 | ||||
Net deferred tax liabilities | ($686) | ($797) | ||||
The Company had approximately $24.0 million, $64.3 million and $5.5 million of federal, state and foreign income tax net operating loss carryforwards at December 31, 2013, respectively. The foreign net operating losses can be carried forward indefinitely. Future utilization of the federal and state net operating losses and credit carryforwards is subject to a substantial annual limitation due to ownership change limitations as required by Sections 382 and 383 of the Internal Revenue Code of 1986, as amended (the “Code”), as well as similar state limitations. | ||||||
The Company performed a study to evaluate the status of net operating loss carryforwards as a result of the ownership change from the Merger. The results of the study provided that the merger caused an “ownership change” of the Company as defined for U.S. federal income tax purposes as of the date of the merger. The “ownership change” will significantly limit the use of the Company’s net operating losses and credits in future tax years. Of the $24.0 million federal loss carryforwards approximately $5.4 million of the loss will be subject to an annual limitation of $0.4 million within the next 5 years and $0.2 million for the following 15 years. The federal net operating loss carryforwards will expire in fiscal year 2033. As a result of the “ownership change” the federal research and development credits have been limited and based on the limitation the Company does not anticipate being able to use any of these credits that existed as of the date of the Merger in future tax years. Of the $64.3 million of state net operating loss carryforwards approximately $1.1 million of the loss will be subject to an annual limitation of $0.1 for the next 20 years. The state net operating loss carryforwards will expire in fiscal year 2033. The Company has state research and development credits of $2.6 million. Since the state credits have an indefinite life, the Company did not write them off even though it is also limited under Section 383. The Company has a full valuation allowance against the related deferred tax assets as it is more likely than not that they will not be realized by the Company. | ||||||
In assessing the potential realization of deferred tax assets, consideration is given to whether it is more likely than not that some portion or all of the deferred tax assets will be realized. The ultimate realization of deferred tax assets is dependent upon the Company attaining future taxable income during the periods in which those temporary differences become deductible. In addition, the utilization of net operating loss carryforwards may be limited due to restrictions imposed under applicable federal and state tax laws due to a change in ownership. Based upon the level of historical operating losses and future projections, management believes it is more likely than not that the Company will not realize the deferred tax assets. | ||||||
The Company has not recognized a deferred tax liability on undistributed earnings of its foreign subsidiaries, because these earnings are intended to be permanently reinvested. The amount of the unrecognized deferred tax liability depends on judgment required to analyze the withholding tax due, the applicable tax law and factual circumstances in effect at the time of any such distributions. Therefore, the Company believes it is not practicable at this time to reliably determine the amount of unrecognized deferred tax liability related to its undistributed earnings; however, these undistributed earnings are immaterial. If circumstances change and it becomes apparent that some or all of the undistributed earnings of a subsidiary will be remitted and income taxes have not been recognized by the parent entity, the parent entity shall accrue as an expense of the current period income taxes attributable to that remittance. | ||||||
The following changes occurred in the amount of unrecognized tax benefits including related interest and penalties (in thousands): | ||||||
Years Ended | ||||||
December 31, | ||||||
2013 | 2012 | |||||
Balance at beginning of year | $452 | $529 | ||||
Additions for current year tax provisions | 91 | 41 | ||||
Reduction for prior year tax provisions | ─ | -118 | ||||
Balance at end of year | $543 | $452 | ||||
If recognized, the entire amount of the unrecognized tax benefits would affect the effective tax rate. | ||||||
As of December 31, 2013 and 2012, the Company had $0.2 million accrued for payment of interest and penalties related to unrecognized tax benefits. | ||||||
The Company operates in multiple tax jurisdictions, both within and outside of the United States. Although the timing of the resolution and/or closure of audits is not certain, the Company does not believe it is reasonably possible that its unrecognized tax benefits would materially change in the next twelve months. The following tax years remain open to examination by the major domestic taxing jurisdictions to which it is subject: | ||||||
Open Tax Years | ||||||
United States – Federal | 2010 – 2013 | |||||
United States – State | 2009 – 2013 | |||||
Canada | 2008 – 2013 | |||||
Sweden | 2011 – 2013 | |||||
United Kingdom | 2009 – 2013 | |||||
Sale_of_Energy_Systems_Divisio
Sale of Energy Systems Division | 12 Months Ended |
Dec. 31, 2013 | |
Discontinued Operations and Disposal Groups [Abstract] | ' |
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block] | ' |
15. Sale of Energy Systems Division | |
On October 1, 2009, the Company sold all significant assets of Applied Utility Systems, Inc., which comprised the Company’s Energy Systems division, for up to $10.0 million, including $8.6 million in cash and contingent consideration of $1.4 million. Of the contingent consideration, $0.5 million was contingent upon Applied Utility Systems being awarded certain projects and $0.9 million is retention against certain project and contract warranties and other obligations. The Company has not recognized any of the contingent consideration as of December 31, 2013 and will only do so if the contingencies are resolved favorably. The $0.5 million of contingent consideration that was contingent on the award of certain projects was not earned and will not be paid. | |
The (loss) income, net of tax of the Energy Systems division is presented as discontinued operations. The Company continues to incur legal and other expenses related to this discontinued operation. Expenses for the year ended December 31, 2013 also include amounts related to an indemnification claim for matters relating to various customer contracts that sold (see Note 17). In addition, the Company recorded a gain of $0.3 million in the year ended December 31, 2012 related to recovery of awards from Benz Air litigation. There was no revenue included within discontinued operations for the years ended December 31, 2013 or 2012. |
Equity_Investments
Equity Investments | 12 Months Ended |
Dec. 31, 2013 | |
Investments in and Advances to Affiliates, Schedule of Investments [Abstract] | ' |
Investments in and Advances to Affiliates, Schedule of Investments [Text Block] | ' |
16. Equity Investments | |
TCC Investment | |
In February 2008, the Company entered into an agreement with Tanaka Kikinzoku Kogyo K.K. (TKK) to form a new joint venture company, TC Catalyst, Inc. (TCC), a Japanese corporation. The joint venture is part of the Catalyst division. The Company entered the joint venture in order to improve its presence in Japan and Asia and strengthen its business flow into the Asian market. | |
In December 2008, the Company sold shares in TCC to TKK reducing its ownership to 30%. In December 2009, the Company agreed to sell and transfer specific three-way catalyst and zero-platinum group metal, or ZPGM, patents to TKK for use in specific geographic regions. As part of the transaction, the Company also sold shares in TCC, which reduced its ownership in the joint venture to 5%. The Company remains contractually obligated to fund its portion of the losses of the joint venture based on its ownership percentage. TCC operates with a March 31 fiscal year-end. | |
The Company’s investment in TCC is accounted for using the equity method as the Company still has significant influence over TCC as a result of having a seat on TCC’s board and due to the technological interdependence between TCC and the Company. In February 2010, the Company entered into an agreement to loan 37.5 million JPY (approximately $0.4 million) to TCC to fund continuing operations. As of December 31, 2010, the Company had loaned TCC 37.5 million JPY. If the loan is not repaid by TCC, it will offset the Company’s obligation to fund its portion of TCC’s losses. Given TCC’s historical losses, the loan has been recorded as a reduction of such obligations. TCC has repaid 21.5 million JPY as of December 31, 2013. | |
At December 31, 2013, the Company’s loan to TCC was $0.2 million which was offset by the Company’s share of accumulated losses in the amount of $0.2 million. | |
Joint Venture | |
On February 19, 2013, the Company entered into a joint venture agreement (the “Joint Venture Agreement”) with Pirelli & C. Ambiente SpA (“Pirelli”) to form a joint venture entity, Eco Emission Enterprise Srl under the laws of Italy (the “Joint Venture”), through which the Company and Pirelli would jointly sell their emission control products in Europe and the Commonwealth of Independent States (“CIS”) countries. Pursuant to the agreement, both partners agreed to sell products to the Joint Venture which would earn a commission to market and sell these products. As such, all of the Company’s existing business in Sweden and the UK would be conducted through the Joint Venture. The Joint Venture commenced operations in April 2013. | |
The Joint Venture Agreement provided that the Company and Pirelli each hold 50% of the total issued share capital of the Joint Venture. Pursuant to the Joint Venture Agreement, in February 2013, the Company and Pirelli each contributed €50,000 (approximately $66,000) to the Joint Venture as initial capital contributions. In addition, in accordance with the Joint Venture Agreement, CDTi and Pirelli provided shareholder loans of €200,000 (approximately $261,000) each in April 2013. During 2013, these loans were converted into equity contributions as required by local statutory regulations. In the fourth quarter of 2013, the Company and Pirelli each contributed an additional €262,000 (approximately $361,000) to the Joint Venture. | |
The Company accounts for its investment in the Joint Venture using the equity method. Since the commencement of operations, the Joint Venture has incurred a loss of €0.9 million (approximately $1.2 million). The Company has recorded a loss of $0.6 million, representing its 50% share of the Joint Venture’s losses, in other expense in the accompanying consolidated statement of comprehensive loss. | |
On November 8, 2013, as a result of slower than anticipated progress in achieving sales objectives initially established for the Joint Venture, the Company and Pirelli agreed to voluntarily dissolve the Joint Venture in accordance with the Joint Venture Agreement. The Joint Venture ceased operations on November 30, 2013 and commenced liquidation on December 9, 2013. The Company expects that dissolution will be finalized in the first half of 2014 and that its investment balance of $0.1 million, included in other assets in the accompanying consolidated balance sheet at December 31, 2013, will be collected upon dissolution. The Company has resumed its operations in Europe in a similar manner as conducted prior to the Joint Venture. |
Commitments_and_Contingencies
Commitments and Contingencies | 12 Months Ended | ||
Dec. 31, 2013 | |||
Commitments and Contingencies Disclosure [Abstract] | ' | ||
Commitments and Contingencies Disclosure [Text Block] | ' | ||
17. Commitments and Contingencies | |||
Lease Commitments | |||
The Company leases certain equipment and facilities under operating leases that expire through 2018. The Company recognizes its minimum lease payments, including escalation clauses, on a straight-line basis over the minimum lease term of the lease. Rent expense was $1.1 million and $1.5 million in the years ended December 31, 2013 and 2012, respectively. | |||
Future minimum lease payments under non-cancelable operating leases (with initial or remaining lease terms in excess of one year) as of December 31, 2013 are (in thousands): | |||
Years ending December 31: | |||
2014 | $1,027 | ||
2015 | 680 | ||
2016 | 613 | ||
2017 | 379 | ||
2018 | 356 | ||
Total minimum lease payments | $3,055 | ||
Legal Proceedings | |||
On April 30, 2010, the Company received notice of an administrative complaint filed by its former chief financial officer. The complaint was filed with the Hartford, Connecticut office of the U.S. Department of Labor (“U.S. DOL”) under Section 806 of the Sarbanes-Oxley Act of 2002 (“SOX”) and alleged, among other things, that the Company’s termination of her employment on April 19, 2010 was retaliatory and due to her alleged protected activity associated with comments she made to the Company’s board of directors at their meeting on March 26, 2010. On June 14, 2010, the Company filed its response to the complaint denying the allegations and requesting a dismissal of the matter. On September 27, 2013, the U.S. DOL issued preliminary findings on the matter concluding there was reasonable cause to support the former employee’s claims and ordering the Company to pay damages in excess of $1.9 million and take certain other actions. On October 22, 2013, the Company filed its Objections and Request for Hearing with the U.S. DOL which triggered the appointment of an Administrative Law Judge (“ALJ”), and the scheduling of a hearing on the merits of the matter. Thereafter, the parties agreed to participate in a U.S.DOL mediation process on February 7, 2014. On March 13, 2014, the parties entered into a settlement agreement which provides for payment of a one-time lump sum amount of $0.4 million to the former employee, along with issuance of 75,000 shares of Company stock. The Company has reserved $0.6 million at December 31, 2013, which includes the lump sum amount, the market value of the common stock on December 31, 2013 and $0.1 million in legal expenses incurred as of December 31, 2013. The settlement has been formally approved by the ALJ. As a result, there has been mutual releases of all claims and a dismissal of the SOX complaint. | |||
On November 15, 2013, BP Products North America (“BP”) instituted claims against Johnson Matthey (“JM”) as the parent company of and purchaser of Applied Utility Systems, Inc. (“AUS”), a former subsidiary of the Company. On May 12, 2010, JM tendered to the Company a claim for indemnification under the Asset Purchase Agreement dated October 1, 2009, (the “Asset Purchase Agreement”), among JM, the Company and AUS. On June 11, 2013, BP, JM and the Company entered into a Settlement Agreement and Mutual Releases pursuant to which they settled all claims. The settlement agreement had no material impact on the Company. Under the indemnification clauses of the Asset Purchase Agreement, the Company may be liable for legal expenses incurred by JM. These legal costs may be offset against funds withheld by JM from the acquisition of AUS. | |||
In connection with the Asset Purchase Agreement, on October 1, 2009, JM presented the Company with an indemnification claim seeking recovery of the net amount $0.9 million after offsetting the funds withheld by JM from the acquisition of AUS. These claims are for matters relating to various customer contracts that JM purchased. The Company and JM have entered into discussions relating to the application of offsets and the validity of the claims presented. The Company has offered a settlement amount of $0.2 million and has reserved for this amount in the fourth quarter of 2013. Since the discussions are ongoing, the ultimate costs associated with this matter cannot be determined at this time. | |||
In addition to the foregoing, the Company is involved in legal proceedings from time to time in the ordinary course of its business. Management does not believe that any of these claims and proceedings against it is likely to have, individually or in the aggregate, a material adverse effect on the Company’s consolidated financial condition, results of operations or cash flows. Accordingly, the Company cannot determine the final amount, if any, of its liability beyond the amount accrued in the consolidated financial statements as of December 31, 2013, nor is it possible to estimate what litigation-related costs will be in the future. | |||
Sales and Use Tax Audit | |||
The Company is undergoing a sales and use tax audit by the State of California on AUS for the period of 2007 through 2009. The audit has identified a project performed by the Company during that time period for which sales tax was not collected and remitted and for which the State of California asserts that proper documentation of resale may not have been obtained and that the Company owes sales tax of $1.3 million. The Company contends and believes that it received sufficient and proper documentation from its customer to support not collecting and remitting sales tax from that customer and is actively disputing the audit report with the State of California. On August 12, 2013, the Company appeared at an appeals conference with the Board of Equalization. The outcome of that hearing is still pending. Accordingly, no accrual has been recorded for this matter as the Company does not assess a loss as being probable. Should the Company not prevail in this matter, it will pursue reimbursement from the customer for all assessments from the State. |
Segment_Reporting
Segment Reporting | 12 Months Ended | |||||||
Dec. 31, 2013 | ||||||||
Segment Reporting [Abstract] | ' | |||||||
Segment Reporting Disclosure [Text Block] | ' | |||||||
18. Segment Reporting | ||||||||
The Company has two business division segments based on the products it delivers: | ||||||||
Catalyst division — The Catalyst division produces catalysts to reduce emissions from gasoline, diesel and natural gas combustion engines that are offered for multiple markets and a wide range of applications. The Catalyst Division developed a family of unique high-performance catalysts, featuring inexpensive base-metals with low or even no platinum group metals, or PGMs, to provide increased catalytic function and value for technology-driven automotive industry customers. The Catalyst division’s technical and manufacturing competence in the light duty vehicle market is aimed at meeting auto makers’ most stringent requirements, and it has supplied over eleven million parts to light duty vehicle customers since 1996. The Catalyst division also provides catalyst formulations for the Company’s Heavy Duty Diesel Systems division. Intersegment revenues are based on market prices. | ||||||||
Heavy Duty Diesel Systems division — The Heavy Duty Diesel Systems division designs and manufactures verified exhaust emissions control solutions. This division offers a full range of products for the verified retrofit and non-retrofit OEM and aftermarket markets through its distributor/dealer network and direct sales. These products are used to reduce exhaust emissions created by on-road, off-road and stationary diesel and alternative fuel engines including propane and natural gas. The retrofit market in the U.S. is driven in particular by state and municipal environmental regulations and incentive funding for voluntary early compliance. The Heavy Duty Diesel Systems division derives significant revenues from retrofit with a portfolio of solutions verified by the California Air Resources Board and the United States Environmental Protection Agency. | ||||||||
Corporate — Corporate includes cost for personnel, insurance and public company expenses such as legal, audit and taxes that are not allocated down to the operating divisions. | ||||||||
Discontinued operations — In 2006, the Company purchased AUS, a provider of cost-effective, engineered solutions for the clean and efficient utilization of fossil fuels. AUS, referred to as the Company’s Energy Systems division, provided emissions control and energy systems solutions for industrial and utility boilers, process heaters, gas turbines and generation sets used largely by major utilities, industrial process plants, OEMs, refineries, food processors, product manufacturers and universities. The Energy Systems division delivered integrated systems built for customers’ specific combustion processes. As discussed in Note 15, this division was sold on October 1, 2009. | ||||||||
Summarized financial information for the Company’s reportable segments is as follows (in thousands): | ||||||||
Years Ended | ||||||||
December 31, | ||||||||
2013 | 2012 | |||||||
Net sales | ||||||||
Heavy Duty Diesel Systems | $32,614 | $40,666 | ||||||
Catalyst | 25,823 | 24,322 | ||||||
Corporate | ─ | ─ | ||||||
Eliminations (1) | -3,153 | -4,451 | ||||||
Total | $55,284 | $60,537 | ||||||
Income (loss) from operations | ||||||||
Heavy Duty Diesel Systems | $1,018 | ($602) | ||||||
Catalyst | 1,026 | -1,816 | ||||||
Corporate | -6,476 | -5,469 | ||||||
Eliminations | 166 | 50 | ||||||
Total | ($4,266) | ($7,837) | ||||||
Depreciation and amortization | ||||||||
Heavy Duty Diesel Systems | $1,082 | $1,238 | ||||||
Catalyst | 204 | 192 | ||||||
Corporate | ─ | ─ | ||||||
Total | $1,286 | $1,430 | ||||||
Capital expenditures | ||||||||
Heavy Duty Diesel Systems | $48 | $135 | ||||||
Catalyst | 94 | 101 | ||||||
Corporate | ─ | ─ | ||||||
Total | $142 | $236 | ||||||
December 31, | ||||||||
Total assets | 2013 | 2012 | ||||||
Heavy Duty Diesel Systems | $42,181 | $40,182 | ||||||
Catalyst | 41,687 | 37,637 | ||||||
Discontinued operations | 1,132 | 1,172 | ||||||
Eliminations | -56,631 | -43,550 | ||||||
Total | $28,369 | $35,441 | ||||||
(1) Elimination of Catalyst revenue related to sales to Heavy Duty diesel Systems. | ||||||||
Net sales by geographic region based on location of sales organization is as follows (in thousands): | ||||||||
Years Ended | ||||||||
December 31, | ||||||||
2013 | 2012 | |||||||
United States | $26,659 | $25,895 | ||||||
Canada | 23,913 | 22,152 | ||||||
United Kingdom | 951 | 6,691 | ||||||
Sweden | 3,761 | 5,799 | ||||||
Total | $55,284 | $60,537 | ||||||
Net fixed assets and total assets by geographic region as of December 31, 2013 and 2012 is as follows (in thousands): | ||||||||
Fixed Assets | Total Assets | |||||||
2013 | 2012 | 2013 | 2012 | |||||
United States | $609 | $616 | $12,371 | $15,353 | ||||
Canada | 803 | 1,278 | 12,874 | 15,681 | ||||
United Kingdom | ─ | ─ | 741 | 1,392 | ||||
Sweden | 47 | 106 | 2,383 | 3,015 | ||||
Total | $1,459 | $2,000 | $28,369 | $35,441 | ||||
Subsequent_Events
Subsequent Events | 12 Months Ended |
Dec. 31, 2013 | |
Subsequent Events [Abstract] | ' |
Subsequent Events [Text Block] | ' |
19. Subsequent Events | |
On March 13, 2014, the Company entered into a “Confidential Settlement Agreement and General Release” with its former chief financial officer which provides for payment of a one-time lump sum amount of $0.4 million to the former employee, along with the issuance of 75,000 shares of Company common stock. The Company has reserved $0.6 million at December 31, 2013, which includes the lump sum amount, the market value of the common stock on December 31, 2013 and $0.1 million in legal expenses incurred as of December 31, 2013. The settlement has been formally approved by the ALJ. As a result, there has been mutual releases of all claims and a dismissal of the SOX complaint. | |
On March 21, 2014, the Company and Kanis S.A. entered into a letter agreement regarding the Company’s outstanding 8% subordinated convertible note due 2016 whereby Kanis S.A. has agreed not to accelerate the maturity of these notes prior to July 1, 2015. |
Accounting_Policies_by_Policy_
Accounting Policies, by Policy (Policies) | 12 Months Ended | ||||||
Dec. 31, 2013 | |||||||
Accounting Policies [Abstract] | ' | ||||||
Consolidation, Policy [Policy Text Block] | ' | ||||||
a. Principles of Consolidation | |||||||
The consolidated financial statements include the financial statements of the Company and its wholly owned subsidiaries. All significant inter-company balances and transactions have been eliminated in consolidation. | |||||||
Investments in which the Company has at least a 20%, but not more than a 50% interest are generally accounted for under the equity method. Investment interests below 20% are generally accounted for under the cost method, except if the Company could exercise significant influence, the investment would be accounted for under the equity method. The Company’s judgment regarding the level of influence over each equity method investment includes considering key factors such as the Company’s ownership interest, representation on the board of directors, participation in policy-making decisions and material intercompany transactions. The Company has an investment interest below 20% which is accounted for under the equity method (see note 16). The Company includes its proportionate share of the net income or loss of equity-method investees in its consolidated statements of comprehensive loss. | |||||||
Concentration Risk, Credit Risk, Policy [Policy Text Block] | ' | ||||||
b. Concentration of Risk | |||||||
For the periods presented below, certain customers accounted for 10% or more of the Company’s revenues as follows: | |||||||
Years Ended | |||||||
December 31, | |||||||
Customer | 2013 | 2012 | |||||
A | 39% | 30% | |||||
. | |||||||
Customer A is an automotive original equipment manufacturer (“OEM”) and sales to this customer are within the Catalyst segment. | |||||||
For the periods presented below, certain customers accounted for 10% or more of the Company’s accounts receivable balance as follows: | |||||||
December 31, | |||||||
Customer | 2013 | 2012 | |||||
A | 24% | 31% | |||||
B | ─ | 12% | |||||
Customer A above is an automotive OEM and customer B is a diesel system distributor. | |||||||
For the periods presented below, certain vendors accounted for 10% or more of the Company’s raw material purchases as follows: | |||||||
Years Ended | |||||||
December 31, | |||||||
Vendor | 2013 | 2012 | |||||
A | 17% | 11% | |||||
B | 15% | 14% | |||||
C | 13% | 8% | |||||
D | 12% | 11% | |||||
Vendors A and C are substrate suppliers, vendor B above is a catalyst supplier and vendor D is a rare earth material supplier. | |||||||
Use of Estimates, Policy [Policy Text Block] | ' | ||||||
c. Use of Estimates | |||||||
The preparation of financial statements in conformity with accounting principles generally accepted in the United States (“U.S. GAAP”) requires management of the Company to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses, and related disclosure of contingent liabilities. These estimates and assumptions are based on management’s best estimates and judgment. On an ongoing basis, the Company evaluates its estimates and assumptions, including those related to impairment of goodwill and long-lived assets, stock-based compensation, the fair value of financial instruments including warrants, allowance for doubtful accounts, inventory valuation, taxes and contingent and accrued liabilities. The Company bases its estimates on historical experience and various other factors, including the current economic environment, which it believes to be reasonable under the circumstances. Estimates and assumptions are adjusted when facts and circumstances dictate. Actual results may differ from these estimates under different assumptions and conditions. Management believes that the estimates are reasonable. | |||||||
Cash and Cash Equivalents, Policy [Policy Text Block] | ' | ||||||
d. Cash | |||||||
Cash of $3.9 million and $6.9 million at December 31, 2013 and 2012, respectively, consist of cash balances on hand and on deposit at banks. Cash on deposit at banks at times may exceed the FDIC limits. The Company believes no significant concentration of credit risk exists with respect to these cash balances. | |||||||
Receivables, Policy [Policy Text Block] | ' | ||||||
e. Accounts Receivable | |||||||
Accounts receivable are recorded at the invoiced amount and do not bear interest. Accounts receivable are presented net of a reserve for doubtful accounts of $0.4 million at December 31, 2013 and 2012. The allowance for doubtful accounts is the Company’s best estimate of the amount of probable credit losses in the Company’s existing accounts receivable. The Company determines the allowance based on historical write-off experience and past due balances over 60 days that are reviewed individually for collectability. Account balances are charged off against the allowance after all means of collection have been exhausted and the potential for recovery is considered remote. The Company does not have any off balance sheet credit exposure related to its customer. | |||||||
Inventory, Policy [Policy Text Block] | ' | ||||||
f. Inventories | |||||||
Inventories are stated at the lower of cost (FIFO method) or market (net realizable value). Finished goods inventory includes materials, labor and manufacturing overhead. The Company establishes provisions for inventory that is obsolete or when quantities on hand are in excess of estimated forecasted demand. The creation of such provisions results in a write-down of inventory to net realizable value and a charge to cost of sales. Aggregate inventory write downs were $0.5 million and $1.3 million for the years ended December 31, 2013 and 2012, respectively. | |||||||
The Company’s inventory includes precious metals (platinum, palladium and rhodium) for use in the manufacturing of catalysts. The precious metals are valued at the lower of cost or market, consistent with the Company’s other inventory. Included in raw material at December 31, 2013 and 2012 are precious metals of $0.1 million and $0.8 million, respectively. | |||||||
Property, Plant and Equipment, Policy [Policy Text Block] | ' | ||||||
g. Property and Equipment | |||||||
Property and equipment is capitalized at cost and is stated at cost less accumulated depreciation and amortization. Depreciation and amortization is determined using the straight line method over the estimated useful lives of the various asset classes. Machinery and equipment are depreciated over 2 to 10 years; furniture and fixtures, computer hardware and software and vehicles are depreciated over 2 to 5 years. Property and equipment held under capital leases and leasehold improvements are amortized over the shorter of estimated useful lives or the lease term. Repairs and maintenance are charged to expense as incurred and major replacements or betterments are capitalized. Depreciation expense was $0.6 million and $0.7 million for the years ended December 31, 2013 and 2012, respectively. | |||||||
Goodwill and Intangible Assets, Policy [Policy Text Block] | ' | ||||||
h. Goodwill and Intangible Assets | |||||||
Goodwill is the excess of the purchase price of an acquired entity over the fair value of net identified tangible and intangible assets acquired and is recorded in the reporting unit (operating segment or one level below operating segment) that is expected to benefit from the business combination. Goodwill is not amortized, but rather tested for impairment at least annually or more often whenever events or circumstances indicate that goodwill might be impaired. The Company performs its annual impairment test as of October 31. | |||||||
Goodwill is tested at the reporting unit level using a two-step impairment test. The first step is to compare the fair value of the reporting unit to its carrying value, including goodwill. If the carrying value of the reporting unit exceeds the fair value, a second step is performed in order to determine the amount of impairment loss, if any. The second step compares the implied fair value of the reporting unit’s goodwill with the carrying amount of that goodwill. If the carrying amount of the reporting unit’s goodwill exceeds its implied fair value, an impairment charge is recognized in an amount equal to that excess. Prior to performing the two-step impairment test, the Company may make a qualitative assessment of the likelihood of goodwill impairment in order to determine whether a detailed quantitative analysis is required. | |||||||
The Company’s Engine Control Systems reporting unit, which is within its Heavy Duty Diesel Systems reporting segment, contains all of the Company’s allocated goodwill. The Company performed Step 1 of the annual impairment test as of October 31, 2013 and determined that the fair value of the Company’s reporting unit (as determined using income and market approaches) was substantially greater than the carrying amount of the respective reporting unit, including goodwill, and Step 2 was not necessary; therefore, there was no impairment to the carrying amount of the reporting unit’s goodwill. The Company has recorded no impairment charges to date for this goodwill. The Company also determined that no subsequent events through December 31, 2013 triggered additional impairment testing; however, it is reasonably possible that future impairment tests may result in a different conclusion for the goodwill of the Engine Control Systems reporting unit. The estimate of fair value of the reporting units is sensitive to certain factors including but not limited to the following: movements in the Company’s share price, changes in discount rates and its cost of capital, growth of the reporting unit’s revenue, cost structure of the reporting unit, successful completion of research and development and customer acceptance of new products, expected changes in emissions regulations and approval of the reporting unit’s product by regulatory agencies. | |||||||
The Company’s intangible assets consist of trade names, acquired patents and technology, and customer relationships and have finite lives. Intangible assets are carried at cost, less accumulated amortization. Amortization is computed on a straight-line or accelerated basis over the estimated useful lives of the respective assets, ranging from 4 to 20 years. Amortization expense was $0.7 million in each of the years ended December 31, 2013 and 2012. | |||||||
Impairment or Disposal of Long-Lived Assets, Policy [Policy Text Block] | ' | ||||||
i. Long Lived Assets | |||||||
Assets such as property and equipment and amortizable intangible assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. An impairment loss is recognized when the sum of the expected undiscounted future net cash flows of an asset or asset group is less than its carrying amount and is measured as the amount by which the carrying amount of the asset or asset group exceeds its fair value. | |||||||
Derivatives, Policy [Policy Text Block] | ' | ||||||
j. Warrants and Derivative Liabilities | |||||||
The Company accounts for the issuance of Company derivative equity instruments in accordance with Accounting Standards Codification (ASC) 815-40 “Derivative and Hedging.” The Company reviews common stock purchase warrants at each balance sheet date based upon the characteristics and provision of each particular instrument and classified them on the balance sheet as: | |||||||
· Equity if they (i) require physical settlement or net-share settlement, or (ii) give the Company a choice of net-cash settlement or settlement in the Company’s own shares (physical settlement or net-share settlement), or as | |||||||
· Assets or liabilities if they (i) require net-cash settlement (including a requirement to net-cash settle the contract if an event occurs and if that event is outside the Company’s control), or (ii) give the counterparty a choice of net-cash settlement or settlement in shares (physical settlement of net-share settlement). | |||||||
The Company assesses classification of common stock purchase warrants and other freestanding derivatives at each reporting date to determine whether a change in classification between assets and liabilities and equity is required. | |||||||
Income Tax, Policy [Policy Text Block] | ' | ||||||
k. Income Taxes | |||||||
Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax basis and operating loss and tax credit carryforwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. A valuation allowance against deferred tax assets is required if, based on the weight of available evidence, it is more likely than not that some portion or all of the deferred tax assets will not be realized. The valuation allowance should be sufficient to reduce the deferred tax assets to the amount that is more likely than not to be realized. | |||||||
The Company recognizes the effect of income tax positions only if those positions are more likely than not of being sustained. Changes in recognition or measurement are reflected in the period in which the change occurs. The Company records interest and penalties related to unrecognized tax benefit in income tax expense. | |||||||
Revenue Recognition, Policy [Policy Text Block] | ' | ||||||
l. Revenue Recognition | |||||||
Revenues are derived primarily from the sale of products. The Company generally recognizes revenue when products are shipped and the customer takes ownership and assumes risk of loss, collection of the relevant receivable is reasonably assured, persuasive evidence of an arrangement exists and the sales price is fixed or determinable. There are certain customers where risk of loss transfers at destination point and revenue is recognized when product is delivered to the destination. For these customers, revenue is recognized upon receipt at the customer’s warehouse. When terms of sale include subjective customer acceptance criteria, the Company defers revenue until the acceptance criteria are met. The determination of whether or not the customer acceptance terms are perfunctory or inconsequential impacts the amount and timing of the revenue recognized. | |||||||
On May 2, 2011, the Company entered into an agreement with Tanaka Kikinzoku Kogyo K.K. ("TKK"), its investment partner in the Asia Pacific region, to provide equipment, engineering and support services to assist in TKK’s establishment of manufacturing operations in China under a joint venture between TKK and a Chinese entity for the purpose of manufacturing and selling diesel and automotive exhaust emission products in the China market. In September 2012, the Company and TKK entered into an amendment to the agreement reducing the scope of services under the contract resulting in a change in the total value of the contract from $1.5 million to $1.0 million. | |||||||
The Company accounted for this contract under ASC 605-35, “Revenue Recognition – Construction-type and Production-type Contracts” under the completed-contract method. In 2012, the Company completed its obligations under the agreement, as amended. As such, the Company recognized $1.0 million in revenue and $0.3 million in cost of revenues in the year ended December 31, 2012. | |||||||
Cost of Sales, Policy [Policy Text Block] | ' | ||||||
m. Cost of Revenue | |||||||
Cost of revenue includes direct material costs and factory labor as well as factory overhead expense. Indirect factory expense includes the costs of freight (inbound and outbound for direct materials and finished goods, respectively), purchasing and receiving, inspection, testing, warehousing, utilities and depreciation of facilities and equipment utilized in the production and distribution of products. | |||||||
Selling, General and Administrative Expenses, Policy [Policy Text Block] | ' | ||||||
n. Selling, General and Administrative Expense | |||||||
Selling, general and administrative expense includes the salary and benefits for sales, marketing and administrative staff as well as samples provided at no-cost to customers, marketing materials, travel, legal, accounting and tax consulting. Also included is any depreciation related to assets utilized in selling, general and administrative functions as well as amortization of acquired intangible assets. | |||||||
Research and Development Expense, Policy [Policy Text Block] | ' | ||||||
o. Research and Development | |||||||
Research and development costs are generally expensed as incurred. These expenses include the salary and benefits for the research and development staff as well as travel, research materials, testing and legal expense related to patenting intellectual property. Also included is any depreciation related to assets utilized in the development of new products. | |||||||
Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block] | ' | ||||||
p. Stock-Based Compensation | |||||||
Equity awards consist of stock options and restricted stock units (“RSUs”). The Company measures the compensation cost for all stock-based awards at fair value on the date of grant and recognizes it on a straight-line basis over the service period for awards expected to vest. | |||||||
The Company measures the fair value of stock options using the Black-Scholes option-pricing model and certain assumptions, including the expected life of the stock options, an expected forfeiture rate and the expected volatility of its common stock. The fair value of RSUs is based on the closing price of the Company’s common stock on the grant date. | |||||||
Standard Product Warranty, Policy [Policy Text Block] | ' | ||||||
q. Product Warranty | |||||||
The Company provides for the estimated cost of product warranties in cost of sales, at the time product revenue is recognized. Warranty costs are estimated primarily using historical warranty information in conjunction with current engineering assessments applied to the Company’s expected repair or replacement costs. | |||||||
Foreign Currency Transactions and Translations Policy [Policy Text Block] | ' | ||||||
r. Foreign Currency | |||||||
The functional currency of the Heavy Duty Diesel Systems division’s Engine Control Systems Limited subsidiary in Canada is the Canadian dollar, while that of its subsidiary Engine Control Systems Europe AB in Sweden is the Swedish krona and the division’s Clean Diesel Technologies Limited UK subsidiary, is the British pound sterling. The functional currency of the Catalyst division’s Japanese branch office and Asian investment is the Japanese Yen. Accordingly, the assets and liabilities of the foreign locations are translated into U.S. dollars at period-end exchange rates. Revenue and expense accounts are translated at the average exchange rates for the period. The resulting foreign currency exchange adjustments are charged or credited directly to other comprehensive income or loss as a separate component of stockholders’ equity. Unrealized foreign currency exchange gains and losses on certain intercompany transactions that are of a long-term investment nature (i.e. settlement is not planned or anticipated in the foreseeable future) are also recorded in other comprehensive income or loss in stockholders’ equity. Accumulated other comprehensive loss contained only foreign currency translation adjustments as of December 31, 2013 and 2012. | |||||||
The Company has exposure to multiple currencies. The primary exposure is between the U.S. dollar, the Canadian dollar, the Euro, British pound sterling and Swedish krona. Gains and losses arising from transactions denominated in currencies other than the functional currency of the entity are included in other income (expense) in the consolidated statements of comprehensive loss. Gains and losses arising from transactions denominated in foreign currencies are primarily related to inter-company loans that have been determined to be temporary in nature, cash, accounts receivable and accounts payable denominated in non-functional currencies. | |||||||
Earnings Per Share, Policy [Policy Text Block] | ' | ||||||
s. Net Loss per Share | |||||||
Basic net loss per share is computed using the weighted average number of common shares outstanding during the period. Diluted net loss per share is computed using the weighted average number of common shares and dilutive potential common shares. Dilutive potential common shares include employee stock options and RSUs and warrants and debt that are convertible into the Company’s common stock. | |||||||
Diluted net loss per share excludes certain dilutive potential common shares outstanding as their effect is anti-dilutive. Because the Company incurred net losses in the years ended December 31, 2013 and 2012, the effect of potentially dilutive securities has been excluded in the computation of net loss per share and net loss from continuing operations per share as their impact would be anti-dilutive. Potential common stock equivalents excluded consist of the following (in thousands): | |||||||
Years Ended | |||||||
December 31, | |||||||
2013 | 2012 | ||||||
Common stock options | 715 | 786 | |||||
RSUs | 312 | 167 | |||||
Warrants | 1,139 | 923 | |||||
Convertible notes | 250 | 250 | |||||
Total | 2,416 | 2,126 | |||||
Fair Value Measurement, Policy [Policy Text Block] | ' | ||||||
t. Fair Value Measurements | |||||||
Fair value is defined as an exit price, representing the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. As such, fair value is a market-based measurement that should be determined based on assumptions that market participants would use in pricing an asset and liability. As a basis for considering such assumptions, a fair value hierarchy has been established that prioritizes the inputs used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (level 1 measurement) and the lowest priority to unobservable inputs (level 3 measurements). The three levels of the fair value hierarchy are as follows: | |||||||
· Level 1: Quoted prices (unadjusted) in active markets for identical assets or liabilities; | |||||||
· Level 2: Inputs other than quoted prices included within Level 1 that are either directly or indirectly observable including quoted prices for similar instruments in active markets and quoted prices for identical or similar instruments in markets that are not active; and | |||||||
· Level 3: Unobservable inputs in which little or no market activity exists, therefore requiring an entity to develop its own assumptions about the assumptions that market participants would use in pricing. | |||||||
The Company records its liability-classified warrants at fair value in accordance with the fair value measurement framework. The valuation inputs hierarchy classification for the warrant liability measured at fair value on a recurring basis is summarized below. See note 11. | |||||||
As of December 31, 2013: | Level 1 | Level 2 | Level 3 | ||||
Liabilities | |||||||
Warrant liability | ─ | ─ | $939 | ||||
─ | ─ | $939 | |||||
As of December 31, 2012: | Level 1 | Level 2 | Level 3 | ||||
Liabilities | |||||||
Warrant liability | ─ | ─ | $10 | ||||
─ | ─ | $10 | |||||
Fair Value of Financial Instruments, Policy [Policy Text Block] | ' | ||||||
u. Fair Value of Financial Instruments | |||||||
ASC Topic 825, “Financial Instruments,” requires disclosure of the fair value of financial instruments for which the determination of fair value is practicable. The fair values of the Company’s cash, trade accounts receivable, prepaid expenses and other current assets, accounts payable and accrued expenses and other current liabilities approximate carrying values due to the short maturity of these instruments. The fair value of borrowings under the line of credit approximates their carrying value due to the variable interest rates. The fair value of shareholder notes payable, current, calculated using a net present value model is $0.1 million at December 31, 2012. The fair value of shareholder notes payable, noncurrent, calculated using level 3 inputs, including a Black-Scholes option-pricing model to value the debt’s conversion factor and a net present value model is $7.5 million and $7.4 million at December 31, 2013 and 2012, respectively. | |||||||
Reclassification, Policy [Policy Text Block] | ' | ||||||
v. Reclassifications | |||||||
Certain prior-period amounts have been reclassified to conform to the current period presentation. These changes had no impact on the previously reported consolidated results of operations or stockholders' equity. | |||||||
New Accounting Pronouncements, Policy [Policy Text Block] | ' | ||||||
w. Recently Adopted Accounting Guidance | |||||||
In December 2011, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2011-11, “Disclosures about Offsetting Assets and Liabilities,” which requires an entity to disclose information about offsetting and related arrangements to enable users of its financial statements to understand the effect of those arrangements on its financial position. ASU No. 2011-11 is effective for annual and interim periods beginning on are after January 1, 2013. Retrospective application is required. The guidance concerns disclosure only and adoption did not have an impact on the Company’s financial position or results of operations. | |||||||
In February 2013, the FASB issued ASU No. 2013-02, "Comprehensive Income (Topic 220): Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income," which requires disclosure of significant amounts reclassified out of accumulated other comprehensive income by component and their corresponding effect on the respective line items of net income. This guidance is effective for reporting periods beginning after December 15, 2012. Adoption of this guidance on January 1, 2013 did not have a material impact on the Company’s consolidated financial statements or financial statement disclosures. | |||||||
Recently Issued Accounting Guidance Policy [Policy Text Block] | ' | ||||||
x. Recently Issued Accounting Guidance | |||||||
In March 2013, the FASB issued ASU No. 2013-05, "Parent's Accounting for the Cumulative Translation Adjustment upon Derecognition of Certain Subsidiaries or Groups of Assets within a Foreign Entity or of an Investment in a Foreign Entity." The objective of ASU 2013-05 is to resolve the diversity in practice regarding the release into net income of the cumulative translation adjustment upon derecognition of a subsidiary or group of assets within a foreign entity. ASU 2013-05 is effective for reporting periods beginning after December 15, 2013 and is not expected to have a material impact on the Company’s consolidated financial statements or financial statement disclosures. | |||||||
In June 2013, the FASB ratified Emerging Issues Task Force (EITF) Issue 13-C, “Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists” which concludes an unrecognized tax benefit should be presented as a reduction of a deferred tax asset when settlement in this manner is available under the tax law. The Company will adopt this amendment in the first quarter of 2014, and does not expect adoption of this standard to have a material impact on its consolidated financial statements or financial statement disclosures. |
Summary_of_Significant_Account1
Summary of Significant Accounting Policies (Tables) | 12 Months Ended | ||||||
Dec. 31, 2013 | |||||||
Summary of Significant Accounting Policies (Tables) [Line Items] | ' | ||||||
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block] | ' | ||||||
Years Ended | |||||||
December 31, | |||||||
2013 | 2012 | ||||||
Common stock options | 715 | 786 | |||||
RSUs | 312 | 167 | |||||
Warrants | 1,139 | 923 | |||||
Convertible notes | 250 | 250 | |||||
Total | 2,416 | 2,126 | |||||
Fair Value, Liabilities Measured on Recurring Basis [Table Text Block] | ' | ||||||
As of December 31, 2013: | Level 1 | Level 2 | Level 3 | ||||
Liabilities | |||||||
Warrant liability | ─ | ─ | $939 | ||||
─ | ─ | $939 | |||||
As of December 31, 2012: | Level 1 | Level 2 | Level 3 | ||||
Liabilities | |||||||
Warrant liability | ─ | ─ | $10 | ||||
─ | ─ | $10 | |||||
Customer Concentration Risk [Member] | ' | ||||||
Summary of Significant Accounting Policies (Tables) [Line Items] | ' | ||||||
Schedules of Concentration of Risk, by Risk Factor [Table Text Block] | ' | ||||||
Years Ended | |||||||
December 31, | |||||||
Customer | 2013 | 2012 | |||||
A | 39% | 30% | |||||
. | |||||||
Credit Concentration Risk [Member] | ' | ||||||
Summary of Significant Accounting Policies (Tables) [Line Items] | ' | ||||||
Schedules of Concentration of Risk, by Risk Factor [Table Text Block] | ' | ||||||
December 31, | |||||||
Customer | 2013 | 2012 | |||||
A | 24% | 31% | |||||
B | ─ | 12% | |||||
Supplier Concentration Risk [Member] | ' | ||||||
Summary of Significant Accounting Policies (Tables) [Line Items] | ' | ||||||
Schedules of Concentration of Risk, by Risk Factor [Table Text Block] | ' | ||||||
Years Ended | |||||||
December 31, | |||||||
Vendor | 2013 | 2012 | |||||
A | 17% | 11% | |||||
B | 15% | 14% | |||||
C | 13% | 8% | |||||
D | 12% | 11% |
Inventories_Tables
Inventories (Tables) | 12 Months Ended | |||
Dec. 31, 2013 | ||||
Inventory Disclosure [Abstract] | ' | |||
Schedule of Inventory, Current [Table Text Block] | ' | |||
December 31, | ||||
2013 | 2012 | |||
Raw materials | $2,782 | $4,340 | ||
Work in progress | 1,039 | 1,815 | ||
Finished goods | 2,098 | 2,542 | ||
Inventories | $5,919 | $8,697 |
Property_and_Equipment_Tables
Property and Equipment (Tables) | 12 Months Ended | |||
Dec. 31, 2013 | ||||
Property, Plant and Equipment [Abstract] | ' | |||
Property, Plant and Equipment [Table Text Block] | ' | |||
December 31, | ||||
2013 | 2012 | |||
Buildings and improvements | $715 | $855 | ||
Furniture and fixtures | 2,360 | 2,357 | ||
Computer hardware and software | 1,460 | 1,477 | ||
Machinery and equipment | 12,233 | 12,269 | ||
Vehicles | 37 | 37 | ||
Property and equipment, Gross | 16,805 | 16,995 | ||
Less accumulated depreciation | -15,346 | -14,995 | ||
Property and equipment, Net | $1,459 | $2,000 |
Goodwill_and_Intangible_Assets1
Goodwill and Intangible Assets (Tables) | 12 Months Ended | |||||
Dec. 31, 2013 | ||||||
Goodwill and Intangible Assets Disclosure [Abstract] | ' | |||||
Schedule of Goodwill [Table Text Block] | ' | |||||
Balance at December 31, 2011 | $5,955 | |||||
Effect of translation adjustment | 132 | |||||
Balance at December 31, 2012 | 6,087 | |||||
Effect of translation adjustment | -217 | |||||
Balance at December 31, 2013 | $5,870 | |||||
Schedule of Finite-Lived Intangible Assets [Table Text Block] | ' | |||||
December 31, | ||||||
Useful Life | 2013 | 2012 | ||||
in Years | ||||||
Trade name | 15 – 20 | $1,352 | $1,404 | |||
Patents and know-how | 5 – 12 | 4,814 | 5,072 | |||
Customer relationships | 4 – 8 | 1,224 | 1,269 | |||
Intangible assets, Gross | 7,390 | 7,745 | ||||
Less accumulated amortization | -3,882 | -3,376 | ||||
Intangible assets, Net | $3,508 | $4,369 | ||||
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block] | ' | |||||
Years ending December 31: | ||||||
2014 | $677 | |||||
2015 | 672 | |||||
2016 | 524 | |||||
2017 | 512 | |||||
2018 | 169 |
Accrued_Expenses_and_Other_Cur1
Accrued Expenses and Other Current Liabilities (Tables) | 12 Months Ended | |||
Dec. 31, 2013 | ||||
Accrued Expenses And Other Current Liabilities [Abstract] | ' | |||
Schedule of Accrued Expenses and Other Current Liabilities [Table Text Block] | ' | |||
December 31, | ||||
2013 | 2012 | |||
Accrued salaries and benefits | $1,232 | $1,347 | ||
Warrant liability | 939 | 10 | ||
Liability for consigned precious metals | 832 | 694 | ||
Accrued legal settlement and related expenses | 616 | ─ | ||
Accrued severance and other charges | 530 | 490 | ||
Accrued warranty | 453 | 665 | ||
Sales tax payable | 206 | 216 | ||
Other | 1,194 | 1,092 | ||
Accrued expenses and other current liabilities | $6,002 | $4,514 |
Severance_and_Other_Charges_Ta
Severance and Other Charges (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Restructuring and Related Activities [Abstract] | ' | ||||||||
Restructuring and Related Costs [Table Text Block] | ' | ||||||||
Years Ended | |||||||||
December 31, | |||||||||
2013 | 2012 | ||||||||
Employee severance expense | $596 | $572 | |||||||
Lease exit costs | 27 | 184 | |||||||
Asset impairment | - | 133 | |||||||
Legal settlement | 616 | - | |||||||
Total severance and other charges | $1,239 | $889 | |||||||
Schedule of Restructuring Reserve by Type of Cost [Table Text Block] | ' | ||||||||
Severance | Lease Exit Costs | Other Charges | Total | ||||||
Accrual at December 31, 2011 | 0 | $ ─ | $ ─ | $ ─ | $ ─ | ||||
Provision in 2012 | 572 | 184 | 133 | 889 | |||||
Payments and other settlements in 2012 | -266 | ─ | -133 | -399 | |||||
Accrual at December 31, 2012 | 306 | 184 | ─ | 490 | |||||
Provision in 2013 | 596 | 27 | ─ | 623 | |||||
Payments and other settlements in 2013 | -372 | -211 | ─ | -583 | |||||
Accrual at December 31, 2013 | $530 | $ ─ | $ ─ | $530 |
Accrued_Warranty_Tables
Accrued Warranty (Tables) | 12 Months Ended | |||
Dec. 31, 2013 | ||||
Product Warranties Disclosures [Abstract] | ' | |||
Schedule of Product Warranty Liability [Table Text Block] | ' | |||
Years Ended | ||||
December 31, | ||||
2013 | 2012 | |||
Balance at beginning of year | $665 | $645 | ||
Accrued warranty expense | 540 | 728 | ||
Warranty claims paid | -707 | -725 | ||
Translation adjustment | -45 | 17 | ||
Balance at end of year | $453 | $665 |
Debt_Tables
Debt (Tables) | 12 Months Ended | |||
Dec. 31, 2013 | ||||
Debt Disclosure [Abstract] | ' | |||
Schedule of Debt [Table Text Block] | ' | |||
December 31, | ||||
2013 | 2012 | |||
Line of credit with FGI | $2,258 | $5,476 | ||
$1.5 million, 8% (6% at December 31, 2012) shareholder note due 2015 | 1,586 | 1,638 | ||
$3.0 million, 8% subordinated convertible shareholder notes due 2016 | 3,000 | 3,000 | ||
$3.0 million, 8% shareholder note due 2015 | 2,963 | 2,940 | ||
Debt, Total | 9,807 | 13,054 | ||
Less current portion | -2,258 | -5,576 | ||
Long-term debt, net of current portion | $7,549 | $7,478 | ||
Schedule of Maturities of Long-term Debt [Table Text Block] | ' | |||
Years ending December 31: | ||||
2014 | $2,258 | |||
2015 | 7,650 | |||
Total | $9,908 |
Warrants_Tables
Warrants (Tables) | 12 Months Ended | |||||
Dec. 31, 2013 | ||||||
Warrants (Tables) [Line Items] | ' | |||||
Schedule of Share Based Compensation Warrants Activity [Table Text Block] | ' | |||||
Shares | Weighted Average Exercise Price | Range of Exercise Prices | ||||
Outstanding at December 31, 2011 | 929,914 | $15.13 | $2.80 - $169.47 | |||
Warrants issued | 50,000 | $2.26 | $2.09 - $3.80 | |||
Warrants expired | -56,824 | $123.37 | $75.00– $169.47 | |||
Outstanding at December 31, 2012 | 923,090 | $7.77 | $2.09 – $48.90 | |||
Warrants issued | 993,600 | $1.25 | $1.25 | |||
Warrants cancelled | -128,333 | $7.92 | $7.92 | |||
Warrants expired | -648,822 | $8.40 | $7.92 - $48.90 | |||
Outstanding at December 31, 2013 | 1,139,535 | $1.68 | $1.25 - $10.40 | |||
Warrants exercisable at December 31, 2013 | 1,119,535 | $1.67 | $1.25 - $10.40 | |||
Schedule of Share Based Payment Award Warrants Valuation Assumptions [Table Text Block] | ' | |||||
December 31, | ||||||
2013 | 2012 | |||||
CDTi stock price | $1.16 | $2.11 | ||||
Strike price | $1.25 | $2.26 | ||||
Expected volatility | 80.50% | 91.60% | ||||
Risk-free interest rate | 1.60% | 0.90% | ||||
Dividend yield | ─ | ─ | ||||
Expected life in years | 5 | 6 | ||||
Schedule of Reconciliation of Warrants Liability [Table Text Block] | ' | |||||
Year Ended | ||||||
December 31, | ||||||
2013 | 2012 | |||||
Balance at beginning of period | $10 | $100 | ||||
Issuance of common stock warrants | 749 | ─ | ||||
Re-measurement of common stock warrants | 180 | -90 | ||||
Balance at end of period | $939 | $10 | ||||
Monte Carlo Simulation Model [Member] | ' | |||||
Warrants (Tables) [Line Items] | ' | |||||
Schedule of Share Based Payment Award Warrants Valuation Assumptions [Table Text Block] | ' | |||||
December 31, | December 31, | |||||
2013 | 2012 | |||||
CDTi stock price | $1.51 | $2.17 | ||||
Strike price | $1.25 | $7.92 | ||||
Expected volatility | 73.60% | 71.30% | ||||
Risk-free interest rate | 1.80% | 0.30% | ||||
Dividend yield | ─ | ─ | ||||
Expected life in years | 4.51 | 0.8 |
StockBased_Compensation_Tables
Stock-Based Compensation (Tables) | 12 Months Ended | |||||||
Dec. 31, 2013 | ||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ' | |||||||
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block] | ' | |||||||
Options | Weighted Average Exercise Price | Weighted Average Remaining Contractual Term | Aggregate Intrinsic Value | |||||
(in years) | ||||||||
Outstanding at December 31, 2011 | 301,634 | $18.57 | ||||||
Granted | 536,895 | $2.90 | ||||||
Cancelled | -41,175 | $3.06 | ||||||
Expired | -11,368 | $78.97 | ||||||
Outstanding at December 31, 2012 | 785,986 | $7.81 | 8.48 | ─ | ||||
Cancelled | -34,966 | $3.06 | ||||||
Expired | -36,308 | $25.01 | ||||||
Outstanding at December 31, 2013 | 714,712 | $7.17 | 7.58 | ─ | ||||
Exercisable at December 31, 2013 | 477,478 | $9.29 | 7.28 | ─ | ||||
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block] | ' | |||||||
2012 | ||||||||
Expected volatility | 84.00% | |||||||
Risk-free interest rate | 1.10% | |||||||
Dividend yield | ─ | |||||||
Expected life in years | 5.9 | |||||||
Weighted average grant date fair value | $2.04 | |||||||
Schedule of Nonvested Restricted Stock Units Activity [Table Text Block] | ' | |||||||
Shares | Weighted Average Grant Date Fair Value | Aggregate Intrinsic Value | ||||||
Non-vested share units at December 31, 2011 | 25,238 | $5.64 | ─ | |||||
Granted | 172,147 | $2.91 | ─ | |||||
Vested and issued | -12,508 | $5.50 | ─ | |||||
Forfeited | -17,712 | $3.35 | ─ | |||||
Non-vested share units at December 31, 2012 | 167,165 | $3.08 | ─ | |||||
Granted | 254,411 | $2.17 | ─ | |||||
Vested and issued | -74,978 | $3.22 | ─ | |||||
Forfeited | -34,402 | $2.48 | ─ | |||||
Non-vested share units at December 31, 2013 | 312,196 | $2.37 | ─ | |||||
Vested and unissued at December 31, 2013 | 26,638 | $2.55 | ─ |
Other_Expense_Income_Net_Table
Other (Expense) Income, Net (Tables) | 12 Months Ended | |||
Dec. 31, 2013 | ||||
Other Income and Expenses [Abstract] | ' | |||
Schedule of Other Nonoperating Income (Expense) [Table Text Block] | ' | |||
Years Ended | ||||
December 31, | ||||
2013 | 2012 | |||
(Loss) income from unconsolidated affiliates | ($561) | $27 | ||
(Loss) gain on change in fair value of liability-classified warrants | -180 | 90 | ||
Foreign currency exchange gain (loss) | 98 | -483 | ||
All other, net | -119 | -390 | ||
Other expense, net | ($762) | ($756) |
Income_Taxes_Tables
Income Taxes (Tables) | 12 Months Ended | |||||
Dec. 31, 2013 | ||||||
Income Tax Disclosure [Abstract] | ' | |||||
Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block] | ' | |||||
Years Ended | ||||||
December 31, | ||||||
2013 | 2012 | |||||
U.S.-based operations | ($8,481) | ($7,872) | ||||
Non U.S.-based operations | 2,053 | -2,189 | ||||
(Loss) income from continuing operations before income taxes | ($6,428) | ($10,061) | ||||
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] | ' | |||||
Current | Deferred | Total | ||||
Year ended December 31, 2013: | ||||||
U.S. Federal | $ ─ | $ ─ | $ ─ | |||
State and local | 16 | ─ | 16 | |||
Foreign | 405 | -69 | 336 | |||
Total | $421 | ($69) | $352 | |||
Year ended December 31, 2012: | ||||||
U.S. Federal | $ ─ | $ ─ | $ ─ | |||
State and local | 16 | ─ | 16 | |||
Foreign | -212 | -171 | -383 | |||
Total | ($196) | ($171) | ($367) | |||
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] | ' | |||||
Years Ended | ||||||
December 31, | ||||||
2013 | 2012 | |||||
Expected tax benefit | ($2,185) | ($3,421) | ||||
Net tax effects of: | ||||||
Foreign tax rate differential | -515 | 408 | ||||
State taxes, net of federal benefit | -62 | -529 | ||||
Return to provision adjustment | -270 | 832 | ||||
Research and other credits | -139 | -2 | ||||
Permanent difference on deemed dividend | 1,040 | - | ||||
Permanent difference on warrants | 61 | -31 | ||||
Other | 35 | 73 | ||||
Change in deferred tax asset valuation allowance | 2,387 | 2,303 | ||||
Income tax expense (benefit) from continuing operations | $352 | ($367) | ||||
Schedule of Deferred Tax Assets and Liabilities [Table Text Block] | ' | |||||
December 31, | ||||||
2013 | 2012 | |||||
Deferred tax assets: | ||||||
Research and development credits | $1,824 | $1,707 | ||||
Other credits | 378 | 347 | ||||
Operating loss carry forwards | 12,592 | 10,562 | ||||
Inventories | 338 | 469 | ||||
Allowance for doubtful accounts | 118 | 563 | ||||
Depreciation | 349 | 246 | ||||
Deferred research and development expenses for income tax | 327 | 327 | ||||
Non-cash compensation | 957 | 706 | ||||
Other | 794 | 536 | ||||
Total gross deferred tax assets | 17,677 | 15,463 | ||||
Valuation allowance | -17,293 | -14,906 | ||||
Net deferred tax assets | 384 | 557 | ||||
Deferred tax liabilities | ||||||
Other identifiable intangible assets | -1,070 | -1,354 | ||||
Total gross deferred tax liabilities | -1,070 | -1,354 | ||||
Net deferred tax liabilities | ($686) | ($797) | ||||
Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block] | ' | |||||
Years Ended | ||||||
December 31, | ||||||
2013 | 2012 | |||||
Balance at beginning of year | $452 | $529 | ||||
Additions for current year tax provisions | 91 | 41 | ||||
Reduction for prior year tax provisions | ─ | -118 | ||||
Balance at end of year | $543 | $452 | ||||
Summary of Income Tax Examinations [Table Text Block] | ' | |||||
Open Tax Years | ||||||
United States – Federal | 2010 – 2013 | |||||
United States – State | 2009 – 2013 | |||||
Canada | 2008 – 2013 | |||||
Sweden | 2011 – 2013 | |||||
United Kingdom | 2009 – 2013 |
Commitments_and_Contingencies_
Commitments and Contingencies (Tables) | 12 Months Ended | ||
Dec. 31, 2013 | |||
Commitments and Contingencies Disclosure [Abstract] | ' | ||
Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block] | ' | ||
Years ending December 31: | |||
2014 | $1,027 | ||
2015 | 680 | ||
2016 | 613 | ||
2017 | 379 | ||
2018 | 356 | ||
Total minimum lease payments | $3,055 |
Segment_Reporting_Tables
Segment Reporting (Tables) | 12 Months Ended | |||||||
Dec. 31, 2013 | ||||||||
Segment Reporting (Tables) [Line Items] | ' | |||||||
Schedule of Segment Reporting Information, by Segment [Table Text Block] | ' | |||||||
Years Ended | ||||||||
December 31, | ||||||||
2013 | 2012 | |||||||
Net sales | ||||||||
Heavy Duty Diesel Systems | $32,614 | $40,666 | ||||||
Catalyst | 25,823 | 24,322 | ||||||
Corporate | ─ | ─ | ||||||
Eliminations (1) | -3,153 | -4,451 | ||||||
Total | $55,284 | $60,537 | ||||||
Income (loss) from operations | ||||||||
Heavy Duty Diesel Systems | $1,018 | ($602) | ||||||
Catalyst | 1,026 | -1,816 | ||||||
Corporate | -6,476 | -5,469 | ||||||
Eliminations | 166 | 50 | ||||||
Total | ($4,266) | ($7,837) | ||||||
Depreciation and amortization | ||||||||
Heavy Duty Diesel Systems | $1,082 | $1,238 | ||||||
Catalyst | 204 | 192 | ||||||
Corporate | ─ | ─ | ||||||
Total | $1,286 | $1,430 | ||||||
Capital expenditures | ||||||||
Heavy Duty Diesel Systems | $48 | $135 | ||||||
Catalyst | 94 | 101 | ||||||
Corporate | ─ | ─ | ||||||
Total | $142 | $236 | ||||||
December 31, | ||||||||
Total assets | 2013 | 2012 | ||||||
Heavy Duty Diesel Systems | $42,181 | $40,182 | ||||||
Catalyst | 41,687 | 37,637 | ||||||
Discontinued operations | 1,132 | 1,172 | ||||||
Eliminations | -56,631 | -43,550 | ||||||
Total | $28,369 | $35,441 | ||||||
Sales Revenue, Segment [Member] | ' | |||||||
Segment Reporting (Tables) [Line Items] | ' | |||||||
Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas [Table Text Block] | ' | |||||||
Years Ended | ||||||||
December 31, | ||||||||
2013 | 2012 | |||||||
United States | $26,659 | $25,895 | ||||||
Canada | 23,913 | 22,152 | ||||||
United Kingdom | 951 | 6,691 | ||||||
Sweden | 3,761 | 5,799 | ||||||
Total | $55,284 | $60,537 | ||||||
Assets, Total [Member] | ' | |||||||
Segment Reporting (Tables) [Line Items] | ' | |||||||
Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas [Table Text Block] | ' | |||||||
Fixed Assets | Total Assets | |||||||
2013 | 2012 | 2013 | 2012 | |||||
United States | $609 | $616 | $12,371 | $15,353 | ||||
Canada | 803 | 1,278 | 12,874 | 15,681 | ||||
United Kingdom | ─ | ─ | 741 | 1,392 | ||||
Sweden | 47 | 106 | 2,383 | 3,015 | ||||
Total | $1,459 | $2,000 | $28,369 | $35,441 |
Organization_Details
Organization (Details) (USD $) | 12 Months Ended | 1 Months Ended | 12 Months Ended | 0 Months Ended | 0 Months Ended | 0 Months Ended | 1 Months Ended | 12 Months Ended | 0 Months Ended | 12 Months Ended | 0 Months Ended | |||||||||||||||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Jan. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2013 | Jan. 30, 2013 | Jan. 30, 2013 | Jan. 30, 2013 | Jan. 30, 2013 | Jan. 30, 2013 | Jan. 30, 2013 | Jun. 30, 2013 | Jul. 03, 2013 | Jul. 03, 2013 | Jul. 03, 2013 | Jul. 31, 2013 | Dec. 31, 2013 | Jul. 03, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Jul. 03, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | |
Subsequent Event [Member] | Currently Registered Shares [Member] | Exchange Cap Shares [Member] | Scenario, Previously Reported [Member] | Scenario, Previously Reported [Member] | Scenario, Previously Reported [Member] | Scenario, Previously Reported [Member] | Restatement Adjustment [Member] | Restatement Adjustment [Member] | Agreement with Kanis S.A for Amendment of Shareholder Note [Member] | Loans Made by Kanis S.A [Member] | Loans Made by Kanis S.A [Member] | Common Stock [Member] | Common Stock [Member] | Common Stock [Member] | Shelf Registration [Member] | Shelf Registration [Member] | Purchase Agreement With LPC [Member] | Purchase Agreement With LPC [Member] | Purchase Agreement With LPC [Member] | Six Percent Shareholder Note Due 2013 [Member] | Line Of Credit With FGI [Member] | Line Of Credit With FGI [Member] | ||||
Scenario, Forecast [Member] | Scenario, Forecast [Member] | Agreement with Kanis S.A for Amendment of Shareholder Note [Member] | Agreement with Kanis S.A for Amendment of Shareholder Note [Member] | Agreement with Kanis S.A for Amendment of Shareholder Note [Member] | Agreement with Kanis S.A for Amendment of Shareholder Note [Member] | Agreement with Kanis S.A for Amendment of Shareholder Note [Member] | Agreement with Kanis S.A for Amendment of Shareholder Note [Member] | Six Percent Shareholder Note Due 2013 [Member] | Common Stock [Member] | Six Percent Shareholder Note Due 2013 [Member] | Shelf Registration [Member] | Private Placement [Member] | Minimum [Member] | Maximum [Member] | ||||||||||||
Purchase Agreement With LPC [Member] | Purchase Agreement With LPC [Member] | Six Percent Shareholder Note Due 2013 [Member] | Minimum [Member] | Maximum [Member] | Six Percent Shareholder Note Due 2013 [Member] | Director [Member] | ||||||||||||||||||||
Six Percent Shareholder Note Due 2013 [Member] | Six Percent Shareholder Note Due 2013 [Member] | |||||||||||||||||||||||||
Organization (Details) [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Retained Earnings (Accumulated Deficit) | ($181,719,000) | ($174,621,000) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Line of Credit Facility, Maximum Borrowing Capacity | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 7,500,000 | ' |
Line of Credit Facility, Amount Outstanding | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2,300,000 | ' |
Line of Credit Facility, Current Borrowing Capacity | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 5,200,000 | ' |
Stock Purchase Agreement Period in Force | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '30 months | ' | ' | ' | ' | ' |
Stock Purchase Agreement Expiration Date | 24-Apr-14 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Stock Purchase Agreement Authorized Amount | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 10,000,000 | ' | ' | ' | ' | ' |
Sale of Stock Sale Per Transaction | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 500,000 | 1,500,000 | ' | ' | ' |
Stock Purchase Agreement Number of Shares Registered (in Shares) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,702,836 | ' | ' | ' | ' | ' |
Stock Purchase Agreement Exchange Cap (in Shares) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,434,994 | ' | ' | ' | ' | ' |
Stock Purchase Agreement Exchange Rate Cap | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 19.99% | ' | ' | ' | ' | ' |
Stock Purchase Agreement Signing Price Description | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '$2.76 plus $0.254, or $3.014 per share | ' | ' | ' | ' | ' |
Stock Purchase Agreement Signing Price Amount (in Dollars per share) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $3.01 | ' | ' | ' | ' | ' |
Share Price (in Dollars per share) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $1.84 | ' | ' | ' | $1.50 | ' | ' | ' | ' | ' |
Proceeds from Issuance of Common Stock | 1,839,000 | ' | ' | ' | 2,600,000 | 2,200,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Shelf Registration Date of Filing | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 31-Dec-12 | ' | ' | ' | ' | ' | ' |
Shelf Registration Authorized Amount | 50,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 50,000,000 | ' | ' | ' | ' | ' | ' |
Shelf Registartion Public Float Threshold | 75,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 75,000,000 | ' | ' | ' | ' | ' | ' |
Shelf Registration Units Sold (in Shares) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,730,000 | ' | ' | ' | ' | ' | ' | ' |
Shelf Registration Unit Price (in Dollars per share) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $1.25 | ' | ' | ' | ' | ' | ' | ' |
Shelf Registration Units Sold, Share Component Per Unit (in Shares) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Class of Warrant or Right, Number of Securities Called by Each Warrant or Right (in Shares) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Class of Warrant or Right, Exercise Price of Warrants or Rights (in Dollars per Share) | $1.25 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $1.25 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Proceeds from Issuance of Common Stock and Warrants | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,700,000 | ' | ' | ' | ' | ' | ' | ' |
Warrants Exercised (in Shares) | ' | ' | ' | 800,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Warrants Exercised Price (in Dollars per share) | ' | ' | ' | $1.25 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Proceeds from Warrant Exercises | ' | ' | ' | 1,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Stock Issued During Period, Value, New Issues | 1,123,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 100,000 | 17,000 | ' | ' | ' | ' | ' | ' | ' | ' |
Stock Issued During Period Shares Private Placement (in Shares) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 54,347 | 54,000 | ' | ' | ' | ' | ' | ' | ' | ' |
Debt Instrument, Interest Rate, Stated Percentage | ' | ' | ' | ' | ' | ' | ' | 6.00% | ' | ' | ' | 8.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 6.50% |
Debt Instrument, Maturity Date | ' | ' | ' | ' | ' | ' | 30-Jun-13 | ' | ' | ' | 30-Jun-15 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt Instrument, Unamortized Premium | ' | ' | ' | ' | ' | ' | ' | ' | 100,000 | 200,000 | 250,000 | ' | 100,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt Conversion, Original Debt, Amount | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 235,000 | ' | ' |
Debt Conversion, Converted Instrument, Shares Issued (in Shares) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 188,000 | ' | ' | 188,000 | ' | ' | ' | ' | ' | ' | ' | ' |
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in Shares) | 94,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 94,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Cash | $3,909,000 | $6,878,000 | $3,471,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Summary_of_Significant_Account2
Summary of Significant Accounting Policies (Details) (USD $) | 12 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | ||||||||||||||||||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2012 | Sep. 30, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | |
Agreement with Tanaka Kikinzoku Kogyo K.K. (TKK) [Member] | Agreement with Tanaka Kikinzoku Kogyo K.K. (TKK) [Member] | Machinery and Equipment [Member] | Machinery and Equipment [Member] | Vehicles [Member] | Vehicles [Member] | Furniture and Fixtures [Member] | Furniture and Fixtures [Member] | Computer Hardware And Software [Member] | Computer Hardware And Software [Member] | Precious Metals [Member] | Precious Metals [Member] | Customer Concentration Risk [Member] | Credit Concentration Risk [Member] | Supplier Concentration Risk [Member] | Shareholder Notes Payable, Current [Member] | Shareholder Notes Payable, Noncurrent [Member] | Shareholder Notes Payable, Noncurrent [Member] | Minimum [Member] | Maximum [Member] | ||||
Minimum [Member] | Maximum [Member] | Minimum [Member] | Maximum [Member] | Minimum [Member] | Maximum [Member] | Minimum [Member] | Maximum [Member] | Sales [Member] | Accounts Receivable [Member] | ||||||||||||||
Summary of Significant Accounting Policies (Details) [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Equity Method Investment, Ownership Percentage | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 20.00% | 50.00% |
Cost Method Investment, Ownership Percentage Description | 'below 20% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Concentration Risk, Percentage | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 10.00% | 10.00% | 10.00% | ' | ' | ' | ' | ' |
Cash | $3,909,000 | $6,878,000 | $3,471,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Allowance for Doubtful Accounts Receivable | 400,000 | 400,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Inventory Write-down | 515,000 | 1,279,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Inventory, Raw Materials, Gross | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 100,000 | 800,000 | ' | ' | ' | ' | ' | ' | ' | ' |
Property, Plant and Equipment, Useful Life | ' | ' | ' | ' | ' | '2 years | '10 years | '2 years | '5 years | '2 years | '5 years | '2 years | '5 years | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Depreciation | 600,000 | 700,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Finite-Lived Intangible Asset, Useful Life | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '4 years | '20 years |
Amortization of Intangible Assets | 700,000 | 700,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Original Contract Value | ' | ' | ' | ' | 1,500,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Amended Contract Value | ' | ' | ' | ' | 1,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Contracts Revenue | ' | ' | ' | 1,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Contract Revenue Cost | ' | ' | ' | 300,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Financial Instruments, Owned, at Fair Value | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $100,000 | $7,500,000 | $7,400,000 | ' | ' |
Summary_of_Significant_Account3
Summary of Significant Accounting Policies (Details) - Concentration of Risk Revenues | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
Concentration Risk [Line Items] | ' | ' |
Revenue, Concentration of Risk, Percentage | ' | ' |
Customer A [Member] | Sales Revenue, Net [Member] | ' | ' |
Concentration Risk [Line Items] | ' | ' |
Revenue, Concentration of Risk, Percentage | 39.00% | 30.00% |
Summary_of_Significant_Account4
Summary of Significant Accounting Policies (Details) - Concentration of risk accounts receivable | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
Concentration Risk [Line Items] | ' | ' |
Accounts Receivable, Concentraton of Risk, Percentage | ' | ' |
Customer A [Member] | Accounts Receivable [Member] | ' | ' |
Concentration Risk [Line Items] | ' | ' |
Accounts Receivable, Concentraton of Risk, Percentage | 24.00% | 31.00% |
Customer B [Member] | Accounts Receivable [Member] | ' | ' |
Concentration Risk [Line Items] | ' | ' |
Accounts Receivable, Concentraton of Risk, Percentage | ' | 12.00% |
Summary_of_Significant_Account5
Summary of Significant Accounting Policies (Details) - Concentration of risk raw materials purchases | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
Concentration Risk [Line Items] | ' | ' |
Purchase Of Raw Material, Concentration of Risk, Percentage | ' | ' |
Vendor A [Member] | ' | ' |
Concentration Risk [Line Items] | ' | ' |
Purchase Of Raw Material, Concentration of Risk, Percentage | 17.00% | 11.00% |
Vendor B [Member] | ' | ' |
Concentration Risk [Line Items] | ' | ' |
Purchase Of Raw Material, Concentration of Risk, Percentage | 15.00% | 14.00% |
Vendor C [Member] | ' | ' |
Concentration Risk [Line Items] | ' | ' |
Purchase Of Raw Material, Concentration of Risk, Percentage | 13.00% | 8.00% |
Vendor D [Member] | ' | ' |
Concentration Risk [Line Items] | ' | ' |
Purchase Of Raw Material, Concentration of Risk, Percentage | 12.00% | 11.00% |
Summary_of_Significant_Account6
Summary of Significant Accounting Policies (Details) - Potential common stock equivalents | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ' | ' |
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 2,416 | 2,126 |
Equity Option [Member] | ' | ' |
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ' | ' |
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 715 | 786 |
Restricted Stock Units (RSUs) [Member] | ' | ' |
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ' | ' |
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 312 | 167 |
Warrant [Member] | ' | ' |
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ' | ' |
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 1,139 | 923 |
Convertible Debt Securities [Member] | ' | ' |
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ' | ' |
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 250 | 250 |
Summary_of_Significant_Account7
Summary of Significant Accounting Policies (Details) - Valuation inputs hierarchy classification for the warrant liability measured at fair value on a recurring basis (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Fair Value, Inputs, Level 1 [Member] | ' | ' |
Liabilities | ' | ' |
Warrant Liability | ' | ' |
Liabilities | ' | ' |
Fair Value, Inputs, Level 2 [Member] | ' | ' |
Liabilities | ' | ' |
Warrant Liability | ' | ' |
Liabilities | ' | ' |
Fair Value, Inputs, Level 3 [Member] | ' | ' |
Liabilities | ' | ' |
Warrant Liability | 939 | 10 |
Liabilities | $939 | $10 |
Inventories_Details_Componets_
Inventories (Details) - Componets of Inventory (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Componets of Inventory [Abstract] | ' | ' |
Raw materials | $2,782 | $4,340 |
Work in progress | 1,039 | 1,815 |
Finished goods | 2,098 | 2,542 |
Inventories | $5,919 | $8,697 |
Property_and_Equipment_Details
Property and Equipment (Details) - Components of Property and equipment (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Property, Plant and Equipment [Line Items] | ' | ' |
Property and equipment, Gross | $16,805 | $16,995 |
Less accumulated depreciation | -15,346 | -14,995 |
Property and equipment, Net | 1,459 | 2,000 |
Building and Building Improvements [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Property and equipment, Gross | 715 | 855 |
Furniture and Fixtures [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Property and equipment, Gross | 2,360 | 2,357 |
Computer Hardware And Software [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Property and equipment, Gross | 1,460 | 1,477 |
Machinery and Equipment [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Property and equipment, Gross | 12,233 | 12,269 |
Vehicles [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Property and equipment, Gross | $37 | $37 |
Goodwill_and_Intangible_Assets2
Goodwill and Intangible Assets (Details) - Changes in carrying amount of goodwill (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Changes in carrying amount of goodwill [Abstract] | ' | ' | ' |
Balance at | $5,870 | $6,087 | $5,955 |
Effect of translation adjustment | ($217) | $132 | ' |
Goodwill_and_Intangible_Assets3
Goodwill and Intangible Assets (Details) - Components of Intangible assets (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Finite-Lived Intangible Assets [Line Items] | ' | ' |
Intangible Assets, Gross | $7,390 | $7,745 |
Less accumulated amortization | -3,882 | -3,376 |
Intangible assets, Net | 3,508 | 4,369 |
Trade Names [Member] | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' |
Intangible Assets, Gross | 1,352 | 1,404 |
Patents [Member] | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' |
Intangible Assets, Gross | 4,814 | 5,072 |
Customer Relationships [Member] | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' |
Intangible Assets, Gross | $1,224 | $1,269 |
Goodwill_and_Intangible_Assets4
Goodwill and Intangible Assets (Details) - Components of Intangible assets (Parentheticals) | 12 Months Ended |
Dec. 31, 2013 | |
Minimum [Member] | Trade Names [Member] | ' |
Finite-Lived Intangible Assets [Line Items] | ' |
Intangible Assets, Useful life | '15 years |
Minimum [Member] | Patents [Member] | ' |
Finite-Lived Intangible Assets [Line Items] | ' |
Intangible Assets, Useful life | '5 years |
Minimum [Member] | Customer Relationships [Member] | ' |
Finite-Lived Intangible Assets [Line Items] | ' |
Intangible Assets, Useful life | '4 years |
Minimum [Member] | ' |
Finite-Lived Intangible Assets [Line Items] | ' |
Intangible Assets, Useful life | '4 years |
Maximum [Member] | Trade Names [Member] | ' |
Finite-Lived Intangible Assets [Line Items] | ' |
Intangible Assets, Useful life | '20 years |
Maximum [Member] | Patents [Member] | ' |
Finite-Lived Intangible Assets [Line Items] | ' |
Intangible Assets, Useful life | '12 years |
Maximum [Member] | Customer Relationships [Member] | ' |
Finite-Lived Intangible Assets [Line Items] | ' |
Intangible Assets, Useful life | '8 years |
Maximum [Member] | ' |
Finite-Lived Intangible Assets [Line Items] | ' |
Intangible Assets, Useful life | '20 years |
Goodwill_and_Intangible_Assets5
Goodwill and Intangible Assets (Details) - Estimated amortization expense for existing intangible assets (USD $) | Dec. 31, 2013 |
In Thousands, unless otherwise specified | |
Estimated amortization expense for existing intangible assets [Abstract] | ' |
2014 | $677 |
2015 | 672 |
2016 | 524 |
2017 | 512 |
2018 | $169 |
Accrued_Expenses_and_Other_Cur2
Accrued Expenses and Other Current Liabilities (Details) - Accrued expenses and other current liabilities (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
In Thousands, unless otherwise specified | |||
Accrued expenses and other current liabilities [Abstract] | ' | ' | ' |
Accrued salaries and benefits | $1,232 | $1,347 | ' |
Warrant liability | 939 | 10 | ' |
Liability for consigned precious metals | 832 | 694 | ' |
Accrued legal settlement and related expenses | 616 | ' | ' |
Accrued severance and other charges | 530 | 490 | ' |
Accrued warranty | 453 | 665 | 645 |
Sales tax payable | 206 | 216 | ' |
Other | 1,194 | 1,092 | ' |
Accrued expenses and other current liabilities | $6,002 | $4,514 | ' |
Severance_and_Other_Charges_De
Severance and Other Charges (Details) (USD $) | 0 Months Ended | 12 Months Ended | 12 Months Ended | |
In Millions, except Share data, unless otherwise specified | Mar. 13, 2014 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2013 |
Subsequent Event [Member] | North America Europe United Kingdom And Asia [Member] | Employee Severance [Member] | Legal Settlement [Member] | |
Legal Settlement [Member] | ||||
Severance and Other Charges (Details) [Line Items] | ' | ' | ' | ' |
Restructuring and Related Cost, Number of Positions Eliminated | ' | 52 | ' | ' |
Accrued Employee Benefits | ' | ' | $0.40 | ' |
Litigation Settlement, Amount | 0.4 | ' | ' | ' |
Stock Issued During Period, Shares, Other (in Shares) | 75,000 | ' | ' | ' |
Estimated Litigation Liability | ' | ' | ' | 0.6 |
Legal Fees | ' | ' | ' | $0.10 |
Severance_and_Other_Charges_De1
Severance and Other Charges (Details) - Severance and Other Charges Costs (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Restructuring Cost and Reserve [Line Items] | ' | ' |
Total severance and other charges | $1,239 | $889 |
Employee Severance [Member] | ' | ' |
Restructuring Cost and Reserve [Line Items] | ' | ' |
Total severance and other charges | 596 | 572 |
Contract Termination [Member] | ' | ' |
Restructuring Cost and Reserve [Line Items] | ' | ' |
Total severance and other charges | 27 | 184 |
Asset Impairment [Member] | ' | ' |
Restructuring Cost and Reserve [Line Items] | ' | ' |
Total severance and other charges | ' | 133 |
Legal Settlement [Member] | ' | ' |
Restructuring Cost and Reserve [Line Items] | ' | ' |
Total severance and other charges | $616 | ' |
Severance_and_Other_Charges_De2
Severance and Other Charges (Details) - Company`s accrual for severance and other charges (USD $) | 12 Months Ended | |||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2011 |
Severance and Other Charges (Details) - Company`s accrual for severance and other charges [Line Items] | ' | ' | ' | ' |
Accrual | $530 | $490 | $490 | ' |
Provision | 623 | ' | 889 | ' |
Payments and other settlements | -583 | -399 | ' | ' |
Employee Severance [Member] | ' | ' | ' | ' |
Severance and Other Charges (Details) - Company`s accrual for severance and other charges [Line Items] | ' | ' | ' | ' |
Accrual | 530 | 306 | 306 | ' |
Provision | 596 | ' | 572 | ' |
Payments and other settlements | -372 | -266 | ' | ' |
Lease Exist Costs [Member] | ' | ' | ' | ' |
Severance and Other Charges (Details) - Company`s accrual for severance and other charges [Line Items] | ' | ' | ' | ' |
Accrual | ' | 184 | 184 | ' |
Provision | 27 | ' | 184 | ' |
Payments and other settlements | -211 | ' | ' | ' |
Other Charges [Member] | ' | ' | ' | ' |
Severance and Other Charges (Details) - Company`s accrual for severance and other charges [Line Items] | ' | ' | ' | ' |
Accrual | ' | ' | ' | ' |
Provision | ' | ' | 133 | ' |
Payments and other settlements | ' | ($133) | ' | ' |
Accrued_Warranty_Details_Accru
Accrued Warranty (Details) - Accrued warranty (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Accrued warranty [Abstract] | ' | ' |
Balance at beginning of year | $665 | $645 |
Accrued warranty expense | 540 | 728 |
Warranty claims paid | -707 | -725 |
Translation adjustment | -45 | 17 |
Balance at end of year | $453 | $665 |
Debt_Details
Debt (Details) (USD $) | Dec. 31, 2013 | Jan. 30, 2013 | Jan. 30, 2013 | Aug. 15, 2012 | Jan. 13, 2013 | Jan. 30, 2013 | Jan. 30, 2013 | Aug. 15, 2012 | Jan. 13, 2013 | Jul. 03, 2013 | Feb. 16, 2012 | Jul. 03, 2013 | Dec. 31, 2013 | Feb. 14, 2011 | Jan. 30, 2013 | Jul. 03, 2013 | Dec. 31, 2013 | Jun. 30, 2013 | Jul. 27, 2012 | Mar. 31, 2011 | Dec. 30, 2010 | Jul. 27, 2012 | Feb. 16, 2012 | Apr. 08, 2011 | Dec. 31, 2013 | 6-May-11 | Aug. 15, 2012 | Dec. 31, 2013 | Dec. 31, 2012 |
Scenario, Previously Reported [Member] | Scenario, Previously Reported [Member] | Scenario, Previously Reported [Member] | Scenario, Previously Reported [Member] | Scenario, Adjustment [Member] | Scenario, Adjustment [Member] | Scenario, Adjustment [Member] | Scenario, Adjustment [Member] | Common Stock [Member] | Common Stock [Member] | Common Stock [Member] | Common Stock [Member] | Sale and Security Agreements [Member] | 6% Shareholder Note Due 2013 [Member] | 8% Shareholder Note Due 2015 [Member] | 8% Shareholder Note Due 2015 [Member] | 8% Shareholder Note Due 2015 [Member] | 8% Shareholder Note Due 2015 [Member] | 8% Shareholder Note Due 2015 [Member] | 8% Shareholder Note Due 2015 [Member] | Shareholder Note Payable Due 2016 [Member] | Shareholder Note Payable Due 2016 [Member] | Shareholder Note Payable Due 2016 [Member] | Shareholder Note Payable Due 2016 [Member] | Shareholder Note Payable Due 2016 [Member] | Line Of Credit With FGI [Member] | Line Of Credit With FGI [Member] | Line Of Credit With FGI [Member] | ||
Agreement with Kanis S.A for Amendment of Shareholder Note [Member] | Agreement with Kanis S.A for Amendment of Shareholder Note [Member] | Line Of Credit With FGI [Member] | Minimum [Member] | Agreement with Kanis S.A for Amendment of Shareholder Note [Member] | 8% Shareholder Note Due 2015 [Member] | Line Of Credit With FGI [Member] | Maximum [Member] | 8% Shareholder Note Due 2015 [Member] | Shareholder Note Payable Due 2016 [Member] | Original Loan Repayment [Member] | Line Of Credit With FGI [Member] | Premium And Accrued Interest Payment [Member] | |||||||||||||||||
6% Shareholder Note Due 2013 [Member] | 6% Shareholder Note Due 2013 [Member] | 6% Shareholder Note Due 2013 [Member] | 6% Shareholder Note Due 2013 [Member] | Premium And Accrued Interest Payment [Member] | |||||||||||||||||||||||||
Debt (Details) [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt Instrument, Interest Rate, Stated Percentage | ' | ' | 6.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 6.00% | ' | ' | ' | 8.00% | 6.00% | 8.00% | ' | ' | ' | ' | 8.00% | ' | ' | 6.50% |
Debt Instrument, Maturity Date | ' | 30-Jun-13 | ' | ' | ' | 30-Jun-15 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 27-Jul-15 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt Instrument, Unamortized Discount | $100,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $100,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Line of Credit Facility, Maximum Borrowing Capacity | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 7,500,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 7,500,000 | ' |
Line of Credit Facility, Expiration Date | ' | ' | ' | 14-Feb-13 | ' | ' | ' | 15-Aug-15 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Line of Credit Facility Optional Additional Term | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '1 year | ' | ' |
Line of Credit Facility Threshold Percentage of Purchase Receivables Elected by Issuer | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 80.00% | ' | ' |
Line of Credit Facility Purchased Receivable Reserved by Borrower | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 20.00% | ' | ' |
Line of Credit Facility Advance Amount in Percentage of Purchased Accounts Receivable Value | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 80.00% | ' | ' |
Line of Credit Facility Maximum Borrowing Capacity against Inventory Collateral | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,500,000 | ' |
Line of Credit Facility Inventory Collateral Sub limit Determinant Percentage of Aggregate Purchase Price for Purchased Receivable | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 50.00% | ' |
Line of Credit Facility Interest Rate Determinant Threshold Percentage | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 6.50% | ' |
Debt Instrument, Basis Spread on Variable Rate | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2.50% | ' |
Line of Credit Facility Periodic Collateral Fees Percentage of Eligible Receivables | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0.30% | ' |
Line of Credit Facility Periodic Collateral Fees Percentage of Borrowing against Inventory Collateral | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0.38% | ' |
Line of Credit Facility Amount Outstanding Standby Fees Determination Threshold | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2,400,000 | ' |
Line of Credit Facility Standby Fees Percentage of Determinant Rate | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0.44% | ' |
Line of Credit Facility Standby Fees Determinant Rate | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 80.00% | ' |
Line of Credit Facility, Entry Facility Fee Amount | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 75,000 | ' |
Line of Credit Facility, Amendment Facility Fee Amount | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 75,000 | ' |
Line of Credit Facility Termination Fee Percentage | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2.00% | ' |
Line of Credit Facility Termination Fee Waiver Notification Period | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '10 days | ' |
Line of Credit Facility Notification Period for Termination Fee Waiver Threshold Reserve Percentage for Accounts | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 40.00% | ' |
Line of Credit Facility Termination Fee Waiver Threshold Consecutive Days | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '30 days | ' |
Borrowings Outstanding Amount against Pledged Accounts Receivable | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 900,000 | ' |
Borrowings Outstanding Amount Against Pledged Accounts Receivable Gross | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,900,000 | ' |
Pledged Assets Accounts Receivable Pledged as Collateral Gross Value | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2,500,000 | ' |
Cash Collection from Non-Pledged Receivable | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,000,000 | ' |
Borrowings Outstanding Amount against Pleged Inventory | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,400,000 | ' |
Debt Instrument, Face Amount | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3,000,000 | ' | 1,500,000 | ' | ' | ' | ' | 3,000,000 | ' | ' | ' |
Debt Instrument, Unamortized Premium | ' | ' | ' | ' | 100,000 | ' | 250,000 | ' | 200,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Notes Payable | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 100,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Interest Payable | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $135,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Stock Issued During Period Shares Issued for Payment of Premium and Interest | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 188,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Class of Warrant or Right, Number of Securities Called by Warrants or Rights | 94,000 | ' | ' | ' | ' | ' | ' | ' | ' | 94,000 | 5,000 | 25,000 | ' | ' | ' | ' | ' | ' | 45,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Class of Warrant or Right, Exercise Price of Warrants or Rights | $1.25 | ' | ' | ' | ' | ' | ' | ' | ' | ' | $3.80 | $10.40 | ' | ' | ' | $1.25 | ' | ' | $2.09 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt Instrument Maturity Period | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '5 years | ' | ' | ' | ' |
Debt Instrument Maturity Acceleration Notice Period to be Served by Lender | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '30 days | ' | ' | ' | ' |
Debt Instrument, Redemption Price, Percentage | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 100.00% | ' | ' | ' | ' |
Debt Instrument, Convertible, Conversion Price | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $4 | ' | $7.04 | ' | ' | ' | ' | ' |
Debt Instrument, Convertible, Threshold Percentage of Stock Price Trigger | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 120.00% | ' | ' | ' | ' | ' |
Debt Conversion, Converted Instrument, Shares Issued | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 188,000 | ' | ' | ' | ' | ' | ' | ' | ' | 250,000 | ' | 369,853 | ' | ' | ' | ' | ' |
Debt Instrument Convertible Threshold Notice Period | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '75 days | ' | ' | ' | ' | ' | ' | ' |
Class of Warrant or Right Expiry Description | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 'the earlier of (x) August 16, 2017 and (y) that date that is 30 days after the Company gives notice to the warrant holder that the market value of one share of its common stock has exceeded 130% of the exercise price of the warrant for 10 consecutive days on or after August 16, 2014 | ' | ' | ' | ' | ' | ' |
Debt_Details_Longterm_debt
Debt (Details) - Long-term debt (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Debt (Details) - Long-term debt [Line Items] | ' | ' |
Line of credit with FGI | $2,258 | $5,476 |
Debt, Total | 9,807 | 13,054 |
Less current portion | -2,258 | -5,576 |
Long-term debt, net of current portion | 7,549 | 7,478 |
1.5 million Shareholder Note Due 2015 [Member] | ' | ' |
Debt (Details) - Long-term debt [Line Items] | ' | ' |
Shareholder note due 2015 | 1,586 | 1,638 |
3.0 million 8% Subordinated Convertible Shareholder Notes Due 2016 [Member] | ' | ' |
Debt (Details) - Long-term debt [Line Items] | ' | ' |
$3.0 million, 8% subordinated convertible shareholder notes due 2016 | 3,000 | 3,000 |
3.0 million 8% Shareholder Note Due 2015 [Member] | ' | ' |
Debt (Details) - Long-term debt [Line Items] | ' | ' |
Shareholder note due 2015 | $2,963 | $2,940 |
Debt_Details_Longterm_debt_Par
Debt (Details) - Long-term debt (Parentheticals) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
1.5 million Shareholder Note Due 2015 [Member] | ' | ' |
Debt (Details) - Long-term debt (Parentheticals) [Line Items] | ' | ' |
Interest Rate, Stated Percentage | 8.00% | 6.00% |
Maturity Year | '2015 | '2015 |
Shareholder note due, Face Amount | $1,500 | $1,500 |
3.0 million 8% Subordinated Convertible Shareholder Notes Due 2016 [Member] | ' | ' |
Debt (Details) - Long-term debt (Parentheticals) [Line Items] | ' | ' |
Interest Rate, Stated Percentage | 8.00% | 8.00% |
Maturity Year | '2016 | '2016 |
Shareholder note due, Face Amount | 3,000 | 3,000 |
3.0 million 8% Shareholder Note Due 2015 [Member] | ' | ' |
Debt (Details) - Long-term debt (Parentheticals) [Line Items] | ' | ' |
Interest Rate, Stated Percentage | 8.00% | 8.00% |
Maturity Year | '2015 | '2015 |
Shareholder note due, Face Amount | $3,000 | $3,000 |
Debt_Details_Annual_scheduled_
Debt (Details) - Annual scheduled principal payments of debt (USD $) | Dec. 31, 2013 |
In Thousands, unless otherwise specified | |
Annual scheduled principal payments of debt [Abstract] | ' |
2014 | $2,258 |
2015 | 7,650 |
Total | $9,908 |
Stockholders_Equity_Details
Stockholders' Equity (Details) (USD $) | 12 Months Ended | 0 Months Ended | 1 Months Ended | 1 Months Ended | 0 Months Ended | 12 Months Ended | 0 Months Ended | 0 Months Ended | 12 Months Ended | 0 Months Ended | 12 Months Ended | 1 Months Ended | |||||||||||||
Dec. 31, 2013 | Dec. 31, 2012 | Oct. 07, 2011 | Oct. 07, 2011 | Oct. 07, 2011 | Jan. 31, 2014 | Dec. 31, 2013 | Jul. 31, 2013 | Jun. 28, 2013 | Jul. 03, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Jul. 03, 2013 | Jun. 28, 2013 | Jul. 03, 2013 | Jun. 28, 2013 | Jul. 03, 2013 | Jun. 28, 2013 | Dec. 31, 2013 | Jul. 03, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Nov. 26, 2012 | Jun. 30, 2013 | |
Purchase Agreement With LPC [Member] | Purchase Agreement With LPC [Member] | Purchase Agreement With LPC [Member] | Subsequent Event [Member] | Private Placement [Member] | Private Placement [Member] | Private Placement [Member] | Underwriting Agreement [Member] | Underwriting Agreement [Member] | Underwriting Agreement [Member] | Underwriting Agreement [Member] | Underwriting Agreement [Member] | Underwriting Agreement [Member] | Underwriting Agreement [Member] | Underwriting Agreement [Member] | Underwriting Agreement [Member] | Underwriting Agreement [Member] | Common Stock [Member] | Common Stock [Member] | Warrant [Member] | Warrant [Member] | MDB Capital Group LLC [Member] | Premium And Interest [Member] | |||
Minimum [Member] | Maximum [Member] | Warrant [Member] | Common Stock [Member] | Common Stock [Member] | Warrant [Member] | Offering [Member] | Offering [Member] | Overallotment Coverage [Member] | Overallotment Coverage [Member] | Underwriting Agreement [Member] | |||||||||||||||
Stockholders' Equity (Details) [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Common Stock, Shares Authorized | 24,000,000 | 24,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Capital Stock Authorized | 24,100,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Common Stock, Par or Stated Value Per Share (in Dollars per share) | $0.01 | $0.01 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Preferred Stock, Shares Authorized | 100,000 | 100,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Preferred Stock, Par or Stated Value Per Share (in Dollars per share) | $0.01 | $0.01 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Common Stock, Shares, Issued | 9,299,253 | 7,254,464 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 23,149 | ' |
Private Placement Commitment Amount (in Dollars) | ' | ' | ' | ' | ' | ' | ' | ' | $100,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Share Price (in Dollars per share) | ' | ' | ' | ' | ' | ' | ' | ' | $1.84 | ' | ' | ' | ' | ' | ' | ' | $1.25 | ' | ' | ' | ' | $1.16 | $2.11 | ' | ' |
Stock Issued During Period, Shares, New Issues | ' | ' | ' | ' | ' | ' | ' | 54,347 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,730,000 | ' | ' | ' | ' |
Premium and Interest Due Amount (in Dollars) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 235,000 |
Debt Conversion, Converted Instrument, Shares Issued | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 188,000 | ' | ' | ' | ' |
Class of Warrant or Right, Number of Securities Called by Warrants or Rights | 94,000 | ' | ' | ' | ' | ' | 94,000 | ' | ' | ' | ' | ' | 865,000 | 800,000 | 65,000 | 120,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Class of Warrant or Right, Exercise Price of Warrants or Rights (in Dollars per Share) | $1.25 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $0.01 | ' | ' | ' | $1.25 | ' | ' | ' | ' | ' | $7.92 | ' | ' |
Class of Warrant or Rights Period for Which Warrants or Rights Exercisable | '5 years | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '5 years | ' | ' | ' | ' | ' | ' | ' | ' |
Shelf Registration Authorized Amount (in Dollars) | 50,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Shelf Registartion Public Float Threshold (in Dollars) | 75,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Underwriting Agreement Shares Authorized | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,600,000 | ' | ' | ' | ' | ' | ' | ' |
Underwriting Agreement Period Granted for Additional Stock Purchase | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '30 days | ' | ' | ' | ' | ' | ' | ' |
Underwriting Agreement Additional Shares Offering | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 34,600 | ' | ' | ' | ' | ' | 240,000 | ' | ' | ' | ' | ' | ' | ' |
Sale of Stock, Number of Shares Issued in Transaction | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,730,000 | ' | ' | ' | ' | 130,000 | ' | ' | ' | ' | 1 | ' | ' | ' | ' | ' |
Sale of Stock, Price Per Share (in Dollars per share) | ' | ' | ' | ' | ' | ' | ' | ' | ' | $1.25 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Warrants Exercised | ' | ' | ' | ' | ' | 800,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Warrants Exercised Price (in Dollars per share) | ' | ' | ' | ' | ' | $1.25 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Proceeds from Warrant Exercises (in Dollars) | ' | ' | ' | ' | ' | 1,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Gross Proceeds from Underwriting (in Dollars) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2,200,000 | ' | ' | ' | ' | ' | ' |
Proceeds from Issuance of Common Stock (in Dollars) | 1,839,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,700,000 | ' | ' | ' | ' | ' | ' |
Proceeds from Issuance or Sale of Equity (in Dollars) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,100,000 | 700,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Noninterest Expense Offering Cost (in Dollars) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 100,000 | ' | ' | ' | ' | ' | ' |
Warrants Issued in Period | 993,600 | 50,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 34,600 | ' | ' | ' | ' | ' | ' |
Warrants Issued in Period Weighted Average Exercise Price (in Dollars per share) | $1.25 | $2.26 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $1.25 | ' | ' | ' | ' | ' | ' |
Warrants Not Settleable in Cash, Fair Value Disclosure (in Dollars) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | ' | ' | ' | ' | ' | ' |
Stock Purchase Agreement Authorized Amount (in Dollars) | ' | ' | 10,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Stock Purchase Agreement Term | ' | ' | '30 months | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Stock Purchase Agreement Number of Shares Registered | ' | ' | 1,823,577 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Stock Issued During Period Shares Issued as Commitment Fees | ' | ' | 40,247 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Stock Issued During Period Shares Issued as Additional Commitment Fees | ' | ' | 80,494 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Stock Issued During Period Value, Commitment Fees Threshold Amount (in Dollars) | ' | ' | 10,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Stock Purchase Agreement Remaining Number of Shares Authorized to be Sold | ' | ' | 1,702,836 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Stock Purchase Agreement Period in Force | ' | ' | '30 months | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Sale of Stock Sale Per Transaction (in Dollars) | ' | ' | ' | $500,000 | $1,500,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Stock Purchase Agreement Exchange Cap | ' | ' | 1,434,994 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Stock Purchase Agreement Exchange Rate Cap | ' | ' | 19.99% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Stock Purchase Agreement Signing Price Description | ' | ' | '$2.76 plus $0.254 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Stock Purchase Agreement Signing Price Amount (in Dollars per share) | ' | ' | $3.01 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Stock Purchase Agreement Purchase Price Per ShareDetermination Threshold Number of Lowest Closing Sale Price | ' | ' | 3 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Stock Purchase Agreement Purchase Price Per Share Determination Threshold Consecutive Trading Days | ' | ' | '12 days | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Warrants_Details
Warrants (Details) (USD $) | 12 Months Ended | 12 Months Ended | 0 Months Ended | 12 Months Ended | 9 Months Ended | |||||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Jun. 28, 2013 | Dec. 31, 2013 | Jul. 03, 2013 | Sep. 30, 2013 | Dec. 31, 2012 | |
Private Placement [Member] | Offering [Member] | Underwriting Agreement [Member] | Underwriting Agreement [Member] | Underwriting Agreement [Member] | Underwriting Agreement [Member] | Warrant [Member] | Warrant [Member] | |||
Warrant [Member] | Warrant [Member] | Warrant [Member] | Kanis SA [Member] | |||||||
Warrants (Details) [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Warrants Cancelled | -128,333 | ' | ' | ' | ' | ' | ' | ' | 128,333 | ' |
Warrants Cancelled in Period Weighted Average Exercise Price (in Dollars per share) | $7.92 | ' | ' | ' | ' | ' | ' | ' | $7.92 | ' |
Class of Warrant or Right, Outstanding | ' | ' | ' | ' | ' | ' | ' | ' | ' | 379,678 |
Class of Warrant or Right, Exercise Price of Warrants or Rights (in Dollars per Share) | $1.25 | ' | ' | ' | ' | ' | ' | $1.25 | ' | $7.92 |
Warrants Issued in Period | 993,600 | 50,000 | ' | 865,000 | ' | ' | 34,600 | ' | ' | ' |
Class of Warrant or Right, Number of Securities Called by Warrants or Rights | 94,000 | ' | 94,000 | ' | ' | ' | ' | ' | ' | ' |
Underwriting Agreement Additional Shares Offering | ' | ' | ' | ' | 34,600 | 240,000 | ' | ' | ' | ' |
Warrants_Details_Warrant_Activ
Warrants (Details) - Warrant Activity (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Warrant Activity [Abstract] | ' | ' | ' |
Warrants Outstanding, Shares | 1,139,535 | 923,090 | 929,914 |
Warrants Outstanding,Weighted Average Exercise Price | $1.68 | $7.77 | $15.13 |
Warrants Outstanding, Range of Exercise Price | '$1.25 - $10.40 | '$2.09 - $48.90 | '$2.80 - $169.47 |
Warrants exercisable at December 31, 2013 | 1,119,535 | ' | ' |
Warrants exercisable at December 31, 2013 | $1.67 | ' | ' |
Warrants exercisable at December 31, 2013 | '$1.25 - $10.40 | ' | ' |
Warrants issued, Shares | 993,600 | 50,000 | ' |
Warrants issued, Weighted Average Exercise Price | $1.25 | $2.26 | ' |
Warrants issued, Range of Exercise Prices | '$1.25 | '$2.09 - $3.80 | ' |
Warrants cancelled | -128,333 | ' | ' |
Warrants cancelled | $7.92 | ' | ' |
Warrants cancelled | '$7.92 | ' | ' |
Warrants expired, Shares | -648,822 | -56,824 | ' |
Warrants expired, Weighted Average Exercise Price | $8.40 | $123.37 | ' |
Warrants expired, Range of Exercise Prices | '$7.92 - $48.90 | '$75.00- $169.47 | ' |
Warrants_Details_Assumptions_a
Warrants (Details) - Assumptions and fair value of warrants (Warrant [Member], USD $) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
Warrant [Member] | ' | ' |
Warrants (Details) - Assumptions and fair value of warrants [Line Items] | ' | ' |
CDTi stock price (in Dollars per share) | $1.16 | $2.11 |
Strike price (in Dollars per Share) | $1.25 | $2.26 |
Expected volatility | 80.50% | 91.60% |
Risk-free interest rate | 1.60% | 0.90% |
Dividend yield | ' | ' |
Expected life in years | '5 years | '6 years |
Warrants_Details_Assumptions_i
Warrants (Details) - Assumptions in Monte Carlo simulation model to estimate the fair value of the warrant liability (Warrant [Member], USD $) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
Warrants (Details) - Assumptions in Monte Carlo simulation model to estimate the fair value of the warrant liability [Line Items] | ' | ' |
CDTi stock price (in Dollars per share) | $1.16 | $2.11 |
Strike price (in Dollars per Share) | $1.25 | $2.26 |
Expected volatility | 80.50% | 91.60% |
Risk-free interest rate | 1.60% | 0.90% |
Dividend yield | ' | ' |
Expected life in years | '5 years | '6 years |
Monte Carlo Simulation Model [Member] | ' | ' |
Warrants (Details) - Assumptions in Monte Carlo simulation model to estimate the fair value of the warrant liability [Line Items] | ' | ' |
CDTi stock price (in Dollars per share) | $1.51 | $2.17 |
Strike price (in Dollars per Share) | $1.25 | $7.92 |
Expected volatility | 73.60% | 71.30% |
Risk-free interest rate | 1.80% | 0.30% |
Dividend yield | ' | ' |
Expected life in years | '4 years 186 days | '292 days |
Warrants_Details_Reconciliatio
Warrants (Details) - Reconciliation of the warrant liability measured at fair value using Level 3 inputs (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Warrants (Details) - Reconciliation of the warrant liability measured at fair value using Level 3 inputs [Line Items] | ' | ' |
Balance at beginning of period | $10 | ' |
Re-measurement of common stock warrants | -180 | 90 |
Balance at end of period | 939 | 10 |
Warrant [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' |
Warrants (Details) - Reconciliation of the warrant liability measured at fair value using Level 3 inputs [Line Items] | ' | ' |
Balance at beginning of period | 10 | 100 |
Issuance of common stock warrants | 749 | ' |
Re-measurement of common stock warrants | 180 | -90 |
Balance at end of period | $939 | $10 |
StockBased_Compensation_Detail
Stock-Based Compensation (Details) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Stock-Based Compensation (Details) [Line Items] | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized | 1,400,000 | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant | 405,351 | ' | ' |
Allocated Share-based Compensation Expense (in Dollars) | $700,000 | $500,000 | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | 254,411 | 172,147 | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value (in Dollars per share) | $2.17 | $2.91 | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period | -74,978 | -12,508 | ' |
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price (in Dollars per share) | ' | $2.90 | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross | ' | 536,895 | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number | 312,196 | 167,165 | 25,238 |
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate | ' | ' | ' |
Restricted Stock Units (RSUs) [Member] | Vesting One Year From Grant Date [Member] | CEO Inducement Awards [Member] | ' | ' | ' |
Stock-Based Compensation (Details) [Line Items] | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage | 28.00% | ' | ' |
Restricted Stock Units (RSUs) [Member] | Vesting One Year From Grant Date [Member] | ' | ' | ' |
Stock-Based Compensation (Details) [Line Items] | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period | 29,190 | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | '1 year | ' | ' |
Restricted Stock Units (RSUs) [Member] | Vesting Over Three Years [Member] | ' | ' | ' |
Stock-Based Compensation (Details) [Line Items] | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period | 225,221 | ' | ' |
Restricted Stock Units (RSUs) [Member] | Vesting Quarterly From Grant Date [Member] | CEO Inducement Awards [Member] | ' | ' | ' |
Stock-Based Compensation (Details) [Line Items] | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage | 9.00% | ' | ' |
Restricted Stock Units (RSUs) [Member] | Long Term Incentive Awards [Member] | ' | ' | ' |
Stock-Based Compensation (Details) [Line Items] | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | ' | 330,219 | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value (in Dollars per share) | $2.95 | ' | ' |
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price (in Dollars per share) | ' | $2.97 | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Granted | 113,255 | ' | ' |
Restricted Stock Units (RSUs) [Member] | CEO Inducement Awards [Member] | ' | ' | ' |
Stock-Based Compensation (Details) [Line Items] | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | 58,892 | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value (in Dollars per share) | $2.83 | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number | 26,501 | ' | ' |
Restricted Stock Units (RSUs) [Member] | ' | ' | ' |
Stock-Based Compensation (Details) [Line Items] | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | 254,411 | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value (in Dollars per share) | $2.17 | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period | 74,978 | ' | ' |
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition | '1 year 292 days | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value (in Dollars) | 200,000 | 0 | ' |
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Share-based Awards Other than Options (in Dollars) | 300,000 | ' | ' |
Shares Withheld for Minimum Statutory Tax Obligations | 2,536 | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Shares Issued in Period | 72,442 | ' | ' |
Employee Stock Option [Member] | Vesting One Year From Grant Date [Member] | CEO Inducement Awards [Member] | ' | ' | ' |
Stock-Based Compensation (Details) [Line Items] | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage | ' | 28.00% | ' |
Employee Stock Option [Member] | Vesting Quarterly From Grant Date [Member] | CEO Inducement Awards [Member] | ' | ' | ' |
Stock-Based Compensation (Details) [Line Items] | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage | ' | 9.00% | ' |
Employee Stock Option [Member] | CEO Inducement Awards [Member] | ' | ' | ' |
Stock-Based Compensation (Details) [Line Items] | ' | ' | ' |
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price (in Dollars per share) | ' | $2.83 | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross | ' | 176,676 | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period | ' | '10 years | ' |
Employee Stock Option [Member] | Non-Employee Director Awards [Member] | ' | ' | ' |
Stock-Based Compensation (Details) [Line Items] | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross | ' | 5,000 | ' |
Stock Granted, Value, Share-based Compensation, Gross (in Dollars) | ' | 30,000 | ' |
Employee Stock Option [Member] | ' | ' | ' |
Stock-Based Compensation (Details) [Line Items] | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period | '10 years | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate | 0.00% | ' | ' |
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Stock Options (in Dollars) | $200,000 | ' | ' |
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition | '1 year 36 days | ' | ' |
StockBased_Compensation_Detail1
Stock-Based Compensation (Details) - Stock Option Activity (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Stock Option Activity [Abstract] | ' | ' | ' |
Options, Outstanding Number of Share | 714,712 | 785,986 | 301,634 |
Options, Outstanding Weighted Average Exercise Price | $7.17 | $7.81 | $18.57 |
Options, Outstanding Weighted Average Remaining Contractual Term | '7 years 211 days | '8 years 175 days | ' |
Options, Outstanding Aggregate Intrinsic Value | ' | ' | ' |
Exercisable at December 31, 2013 | 477,478 | ' | ' |
Exercisable at December 31, 2013 | $9.29 | ' | ' |
Exercisable at December 31, 2013 | '7 years 102 days | ' | ' |
Exercisable at December 31, 2013 | ' | ' | ' |
Granted | ' | 536,895 | ' |
Granted | ' | $2.90 | ' |
Options, Cancelled Number of Share | -34,966 | -41,175 | ' |
Options, Cancelled Weighted Average Exercise Price | $3.06 | $3.06 | ' |
Options, Expired Number of Share | -36,308 | -11,368 | ' |
Options, Expired Weighted Average Exercise Price | $25.01 | $78.97 | ' |
StockBased_Compensation_Detail2
Stock-Based Compensation (Details) - Valuation Assumption (USD $) | 12 Months Ended |
Dec. 31, 2012 | |
Valuation Assumption [Abstract] | ' |
Expected volatility | 84.00% |
Risk-free interest rate | 1.10% |
Dividend yield | ' |
Expected life in years | '5 years 328 days |
Weighted average grant date fair value (in Dollars per share) | $2.04 |
StockBased_Compensation_Detail3
Stock-Based Compensation (Details) - RSU Activity (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
RSU Activity [Abstract] | ' | ' | ' |
Restricted Share Units, Non-vested Shares | 312,196 | 167,165 | 25,238 |
Restricted Share Units, Non-vested, Weighted Average Grant Date Fair Value | $2.37 | $3.08 | $5.64 |
Vested and unissued at December 31, 2013 | 26,638 | ' | ' |
Vested and unissued at December 31, 2013 | $2.55 | ' | ' |
Restricted Share Units, Granted, Shares | 254,411 | 172,147 | ' |
Restricted Share Units, Granted, Weighted Average Grant Date Fair Value | $2.17 | $2.91 | ' |
Restricted Share Units, Vested and issued, Shares | -74,978 | -12,508 | ' |
Restricted Share Units, Vested and issued, Weighted Average Grant Date Fair Value | $3.22 | $5.50 | ' |
Restricted Share Units, Forfeited, Shares | -34,402 | -17,712 | ' |
Restricted Share Units, Forfeited, Weighted Average Grant Date Fair Value | $2.48 | $3.35 | ' |
Other_Expense_Income_Net_Detai
Other (Expense) Income, Net (Details) - Other (expense) income, net (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Other (expense) income, net [Abstract] | ' | ' |
(Loss) income from unconsolidated affiliates | ($561) | $27 |
(Loss) gain on change in fair value of liability-classified warrants | -180 | 90 |
Foreign currency exchange gain (loss) | 98 | -483 |
All other, net | -119 | -390 |
Other expense, net | ($762) | ($756) |
Income_Taxes_Details
Income Taxes (Details) (USD $) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
Income Taxes (Details) [Line Items] | ' | ' |
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent | 34.00% | ' |
Deferred Tax Assets, Tax Credit Carryforwards, Research | $1,824,000 | $1,707,000 |
Unrecognized Tax Benefits, Income Tax Penalties Accrued | 200,000 | 0.2 |
Next Five Years [Member] | United States – Federal [Member] | Operating Loss Carryforwards Limitation [Member] | ' | ' |
Income Taxes (Details) [Line Items] | ' | ' |
Operating Loss Carryforwards | 400,000 | ' |
Following Fifteen Years [Member] | United States – Federal [Member] | Operating Loss Carryforwards Limitation [Member] | ' | ' |
Income Taxes (Details) [Line Items] | ' | ' |
Operating Loss Carryforwards | 200,000 | ' |
Twenty Years [Member] | State and Local Jurisdiction [Member] | Operating Loss Carryforwards Limitation [Member] | ' | ' |
Income Taxes (Details) [Line Items] | ' | ' |
Operating Loss Carryforwards | 100,000 | ' |
United States – Federal [Member] | Operating Loss Carryforwards Limitation [Member] | ' | ' |
Income Taxes (Details) [Line Items] | ' | ' |
Operating Loss Carryforwards | 5,400,000 | ' |
United States – Federal [Member] | ' | ' |
Income Taxes (Details) [Line Items] | ' | ' |
Operating Loss Carryforwards | 24,000,000 | ' |
Operating Loss Carryforwards, Expiration Year | '2033 | ' |
State and Local Jurisdiction [Member] | Operating Loss Carryforwards Limitation [Member] | ' | ' |
Income Taxes (Details) [Line Items] | ' | ' |
Operating Loss Carryforwards | 1,100,000 | ' |
State and Local Jurisdiction [Member] | ' | ' |
Income Taxes (Details) [Line Items] | ' | ' |
Operating Loss Carryforwards | 64,300,000 | ' |
Operating Loss Carryforwards, Expiration Year | '2033 | ' |
Deferred Tax Assets, Tax Credit Carryforwards, Research | 2,600,000 | ' |
Foreign Tax Authority [Member] | ' | ' |
Income Taxes (Details) [Line Items] | ' | ' |
Operating Loss Carryforwards | $5,500,000 | ' |
Income_Taxes_Details_Loss_inco
Income Taxes (Details) - (Loss) income from continuing operations before income taxes (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
(Loss) income from continuing operations before income taxes [Abstract] | ' | ' |
U.S.-based operations | ($8,481) | ($7,872) |
Non U.S.-based operations | 2,053 | -2,189 |
(Loss) income from continuing operations before income taxes | ($6,428) | ($10,061) |
Income_Taxes_Details_Income_ta
Income Taxes (Details) - Income tax expense (benefit) attributable to loss from continuing operations (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Income tax expense (benefit) attributable to loss from continuing operations [Abstract] | ' | ' |
Current Federal Tax Expense (Benefit) | ' | ' |
Deferred Federal Income Tax Expense (Benefit) | ' | ' |
Total Federal Income Tax Expense | ' | ' |
Current State and local Tax Expense (Benefit) | 16 | 16 |
Deferred State and local Tax Expense (Benefit) | ' | ' |
Total State and local Income Tax Expense (Benefit) | 16 | 16 |
Current Foreign Tax Expense (Benefit) | 405 | -212 |
Deferred Foreign Income Tax Expense (Benefit) | -69 | -171 |
Total Foreign Income Tax Expense (Benefit) | 336 | -383 |
Total Current Tax Expense (Benefit) | 421 | -196 |
Total Deferred Income Tax Expense (Benefit) | -69 | -171 |
Total Income Tax Expense (Benefit) | $352 | ($367) |
Income_Taxes_Details_Component
Income Taxes (Details) - Component of Income tax Reconciliation (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Component of Income tax Reconciliation [Abstract] | ' | ' |
Expected tax benefit | ($2,185) | ($3,421) |
Net tax effects of: | ' | ' |
Foreign tax rate differential | -515 | 408 |
State taxes, net of federal benefit | -62 | -529 |
Return to provision adjustment | -270 | 832 |
Research and other credits | -139 | -2 |
Permanent difference on deemed dividend | 1,040 | ' |
Permanent difference on warrants | 61 | -31 |
Other | 35 | 73 |
Change in deferred tax asset valuation allowance | 2,387 | 2,303 |
Income tax expense (benefit) from continuing operations | $352 | ($367) |
Income_Taxes_Details_Deferred_
Income Taxes (Details) - Deferred tax assets and liabilities (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Deferred tax assets: | ' | ' |
Research and development credits | $1,824 | $1,707 |
Other credits | 378 | 347 |
Operating loss carry forwards | 12,592 | 10,562 |
Inventories | 338 | 469 |
Allowance for doubtful accounts | 118 | 563 |
Depreciation | 349 | 246 |
Deferred research and development expenses for income tax | 327 | 327 |
Non-cash compensation | 957 | 706 |
Other | 794 | 536 |
Total gross deferred tax assets | 17,677 | 15,463 |
Valuation allowance | -17,293 | -14,906 |
Net deferred tax assets | 384 | 557 |
Deferred tax liabilities | ' | ' |
Other identifiable intangible assets | -1,070 | -1,354 |
Total gross deferred tax liabilities | -1,070 | -1,354 |
Net deferred tax liabilities | ($686) | ($797) |
Income_Taxes_Details_Changes_o
Income Taxes (Details) - Changes occurred in the amount of unrecognized tax benefits (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Changes occurred in the amount of unrecognized tax benefits [Abstract] | ' | ' |
Balance at beginning of year | $452 | $529 |
Additions for current year tax provisions | 91 | 41 |
Reduction for prior year tax provisions | ' | -118 |
Balance at end of year | $543 | $452 |
Income_Taxes_Details_Multiple_
Income Taxes (Details) - Multiple tax jurisdictions, both within and outside of the United States | 12 Months Ended |
Dec. 31, 2013 | |
United States – Federal [Member] | ' |
Income Tax Examination [Line Items] | ' |
Open Tax Years | '2010 - 2013 |
United States – State [Member] | ' |
Income Tax Examination [Line Items] | ' |
Open Tax Years | '2009 - 2013 |
Canada [Member] | ' |
Income Tax Examination [Line Items] | ' |
Open Tax Years | '2008 - 2013 |
Sweden [Member] | ' |
Income Tax Examination [Line Items] | ' |
Open Tax Years | '2011 - 2013 |
United Kingdom [Member] | ' |
Income Tax Examination [Line Items] | ' |
Open Tax Years | '2009 - 2013 |
Income_Taxes_Details_Multiple_1
Income Taxes (Details) - Multiple tax jurisdictions, both within and outside of the United States (Parentheticals) | 12 Months Ended |
Dec. 31, 2013 | |
United States – Federal [Member] | Minimum [Member] | ' |
Income Tax Examination [Line Items] | ' |
Open Tax Year | '2010 |
United States – Federal [Member] | Maximum [Member] | ' |
Income Tax Examination [Line Items] | ' |
Open Tax Year | '2013 |
United States – State [Member] | Minimum [Member] | ' |
Income Tax Examination [Line Items] | ' |
Open Tax Year | '2009 |
United States – State [Member] | Maximum [Member] | ' |
Income Tax Examination [Line Items] | ' |
Open Tax Year | '2013 |
Canada [Member] | Minimum [Member] | ' |
Income Tax Examination [Line Items] | ' |
Open Tax Year | '2008 |
Canada [Member] | Maximum [Member] | ' |
Income Tax Examination [Line Items] | ' |
Open Tax Year | '2013 |
Sweden [Member] | Minimum [Member] | ' |
Income Tax Examination [Line Items] | ' |
Open Tax Year | '2011 |
Sweden [Member] | Maximum [Member] | ' |
Income Tax Examination [Line Items] | ' |
Open Tax Year | '2013 |
United Kingdom [Member] | Minimum [Member] | ' |
Income Tax Examination [Line Items] | ' |
Open Tax Year | '2009 |
United Kingdom [Member] | Maximum [Member] | ' |
Income Tax Examination [Line Items] | ' |
Open Tax Year | '2013 |
Sale_of_Energy_Systems_Divisio1
Sale of Energy Systems Division (Details) (USD $) | 0 Months Ended | 12 Months Ended |
In Millions, unless otherwise specified | Oct. 01, 2009 | Dec. 31, 2012 |
Sale of Energy Systems Division (Details) [Line Items] | ' | ' |
Divestiture Cost of Significant Assets Sold Sale Price | $10 | ' |
Proceeds from Divestiture of Businesses | 8.6 | ' |
Divestiture Contingent Consideration Potential Consideration Receivable | 1.4 | ' |
Divestiture Contingent Consideration Potential Consideration Receivable Cancelled | 0.5 | ' |
Gain (Loss) Related to Litigation Settlement | ' | 0.3 |
Contingent Upon Applied Utility Systems [Member] | ' | ' |
Sale of Energy Systems Division (Details) [Line Items] | ' | ' |
Divestiture Contingent Consideration Potential Consideration Receivable | 0.5 | ' |
Retention of Certain Project And Contract Warranties And Other Obligation [Member] | ' | ' |
Sale of Energy Systems Division (Details) [Line Items] | ' | ' |
Divestiture Contingent Consideration Potential Consideration Receivable | $0.90 | ' |
Equity_Investments_Details
Equity Investments (Details) | 12 Months Ended | 1 Months Ended | 12 Months Ended | 12 Months Ended | 0 Months Ended | 3 Months Ended | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2008 | Dec. 31, 2009 | Feb. 28, 2010 | Feb. 28, 2010 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2010 | Dec. 31, 2013 | Apr. 30, 2013 | Apr. 30, 2013 | Feb. 28, 2013 | Feb. 28, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | |
USD ($) | USD ($) | Sale of Shares in TCC to TKK [Member] | Sale and Transfer of Specific Three Way Catalyst and Zero Platinum Group Metal Patents to TKK [Member] | Agreement to Loan to TCC [Member] | Agreement to Loan to TCC [Member] | Agreement to Loan to TCC [Member] | Agreement to Loan to TCC [Member] | Agreement to Loan to TCC [Member] | Other Expense [Member] | Joint Venture [Member] | Joint Venture [Member] | Joint Venture [Member] | Joint Venture [Member] | Joint Venture [Member] | Joint Venture [Member] | Joint Venture [Member] | Joint Venture [Member] | Other Assets [Member] | |
USD ($) | JPY (¥) | JPY (¥) | USD ($) | JPY (¥) | Joint Venture [Member] | USD ($) | EUR (€) | USD ($) | EUR (€) | USD ($) | EUR (€) | USD ($) | EUR (€) | USD ($) | |||||
USD ($) | |||||||||||||||||||
Equity Investments (Details) [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Sale of Stock, Percentage of Ownership after Transaction | ' | ' | 30.00% | 5.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Related Party Transaction, Amounts of Transaction | ' | ' | ' | ' | $400,000 | ¥ 37,500,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Advances to Affiliate | ' | ' | ' | ' | ' | ' | ' | 200,000 | 37,500,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Proceeds from Collection of Advance to Affiliate (in Yen) | ' | 129,000 | ' | ' | ' | ' | 21,500,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Accumulated Income (Loss) in Joint Venture | ' | ' | ' | ' | ' | ' | ' | 200,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Equity Method Investment, Ownership Percentage | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 50.00% | 50.00% | 50.00% | 50.00% | ' |
Payments to Acquire Interest in Joint Venture | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 66,000 | 50,000 | 361,000 | 262,000 | ' | ' | ' |
Payments for Advance to Affiliate | 261,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | 261,000 | 200,000 | ' | ' | ' | ' | ' | ' | ' |
Gain Loss on Joint Venture | ' | ' | ' | ' | ' | ' | ' | ' | ' | 600,000 | ' | ' | ' | ' | ' | ' | 1,200,000 | -900,000 | ' |
Investments in and Advances to Affiliates, Amount of Equity | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $100,000 |
Commitments_and_Contingencies_1
Commitments and Contingencies (Details) (USD $) | 12 Months Ended | 0 Months Ended | 3 Months Ended | 12 Months Ended | |||||
In Millions, except Share data, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Feb. 07, 2014 | Feb. 07, 2014 | Mar. 13, 2014 | Sep. 27, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 |
Subsequent Event [Member] | Subsequent Event [Member] | Subsequent Event [Member] | Administrative Complaint By Former CFO [Member] | Sales And Use Tax Audit [Member] | Asset Purchase Agreement [Member] | Legal Settlement [Member] | |||
Administrative Complaint By Former CFO [Member] | Administrative Complaint By Former CFO [Member] | Legal Settlement [Member] | JM [Member] | ||||||
Common Stock [Member] | |||||||||
Commitments and Contingencies (Details) [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Operating Leases, Rent Expense | $1.10 | $1.50 | ' | ' | ' | ' | ' | ' | ' |
Loss Contingency Damages Awarded | ' | ' | ' | ' | ' | 'in excess of $1.9 million | ' | ' | ' |
Litigation Settlement, Amount | ' | ' | ' | 0.4 | 0.4 | ' | ' | ' | ' |
Litigation Settlement Shares Issuable (in Shares) | ' | ' | 75,000 | ' | ' | ' | ' | ' | ' |
Estimated Litigation Liability | ' | ' | ' | ' | ' | ' | ' | ' | 0.6 |
Legal Fees | ' | ' | ' | ' | ' | ' | ' | ' | 0.1 |
Loss Contingency, Damages Sought, Value | ' | ' | ' | ' | ' | ' | ' | 0.9 | ' |
Loss Contingency, Estimate of Possible Loss | ' | ' | ' | ' | ' | ' | ' | 0.2 | ' |
Loss Contingency, Range of Possible Loss, Maximum | ' | ' | ' | ' | ' | ' | $1.30 | ' | ' |
Commitments_and_Contingencies_2
Commitments and Contingencies (Details) - Future minimum lease payments under non-cancelable operating leases (USD $) | Dec. 31, 2013 |
In Thousands, unless otherwise specified | |
Future minimum lease payments under non-cancelable operating leases [Abstract] | ' |
2014 | $1,027 |
2015 | 680 |
2016 | 613 |
2017 | 379 |
2018 | 356 |
Total minimum lease payments | $3,055 |
Segment_Reporting_Details
Segment Reporting (Details) | 12 Months Ended |
Dec. 31, 2013 | |
Segment Reporting [Abstract] | ' |
Number of Operating Segments | 2 |
Segment_Reporting_Details_Comp
Segment Reporting (Details) - Company`s reportable segments (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Net sales | ' | ' |
Net sales | $55,284 | $60,537 |
Income (loss) from operations | ' | ' |
Income (loss) from operations | -4,266 | -7,837 |
Depreciation and amortization | ' | ' |
Depreciation and amortization | 1,286 | 1,430 |
Capital expenditures | ' | ' |
Capital expenditures | 142 | 236 |
Total assets | 28,369 | 35,441 |
Operating Segments [Member] | Heavy Duty Diesel Systems [Member] | ' | ' |
Net sales | ' | ' |
Net sales | 32,614 | 40,666 |
Income (loss) from operations | ' | ' |
Income (loss) from operations | 1,018 | -602 |
Depreciation and amortization | ' | ' |
Depreciation and amortization | 1,082 | 1,238 |
Capital expenditures | ' | ' |
Capital expenditures | 48 | 135 |
Total assets | 42,181 | 40,182 |
Operating Segments [Member] | Catalyst [Member] | ' | ' |
Net sales | ' | ' |
Net sales | 25,823 | 24,322 |
Income (loss) from operations | ' | ' |
Income (loss) from operations | 1,026 | -1,816 |
Depreciation and amortization | ' | ' |
Depreciation and amortization | 204 | 192 |
Capital expenditures | ' | ' |
Capital expenditures | 94 | 101 |
Total assets | 41,687 | 37,637 |
Operating Segments [Member] | Corporate Segment [Member] | ' | ' |
Net sales | ' | ' |
Net sales | ' | ' |
Income (loss) from operations | ' | ' |
Income (loss) from operations | -6,476 | -5,469 |
Depreciation and amortization | ' | ' |
Depreciation and amortization | ' | ' |
Capital expenditures | ' | ' |
Capital expenditures | ' | ' |
Operating Segments [Member] | Discontinued Operations [Member] | ' | ' |
Capital expenditures | ' | ' |
Total assets | 1,132 | 1,172 |
Intersegment Eliminations [Member] | ' | ' |
Net sales | ' | ' |
Net sales | -3,153 | -4,451 |
Income (loss) from operations | ' | ' |
Income (loss) from operations | 166 | 50 |
Capital expenditures | ' | ' |
Total assets | ($56,631) | ($43,550) |
Segment_Reporting_Details_Net_
Segment Reporting (Details) - Net sales by geographic region (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Revenues from External Customers and Long-Lived Assets [Line Items] | ' | ' |
Net sales | $55,284 | $60,537 |
United States [Member] | ' | ' |
Revenues from External Customers and Long-Lived Assets [Line Items] | ' | ' |
Net sales | 26,659 | 25,895 |
Canada [Member] | ' | ' |
Revenues from External Customers and Long-Lived Assets [Line Items] | ' | ' |
Net sales | 23,913 | 22,152 |
United Kingdom [Member] | ' | ' |
Revenues from External Customers and Long-Lived Assets [Line Items] | ' | ' |
Net sales | 951 | 6,691 |
Sweden [Member] | ' | ' |
Revenues from External Customers and Long-Lived Assets [Line Items] | ' | ' |
Net sales | $3,761 | $5,799 |
Segment_Reporting_Details_Net_1
Segment Reporting (Details) - Net fixed assets and total assets by geographic region (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Revenues from External Customers and Long-Lived Assets [Line Items] | ' | ' |
Fixed Assets | $1,459 | $2,000 |
Total Assets | 28,369 | 35,441 |
United States [Member] | ' | ' |
Revenues from External Customers and Long-Lived Assets [Line Items] | ' | ' |
Fixed Assets | 609 | 616 |
Total Assets | 12,371 | 15,353 |
Canada [Member] | ' | ' |
Revenues from External Customers and Long-Lived Assets [Line Items] | ' | ' |
Fixed Assets | 803 | 1,278 |
Total Assets | 12,874 | 15,681 |
United Kingdom [Member] | ' | ' |
Revenues from External Customers and Long-Lived Assets [Line Items] | ' | ' |
Fixed Assets | ' | ' |
Total Assets | 741 | 1,392 |
Sweden [Member] | ' | ' |
Revenues from External Customers and Long-Lived Assets [Line Items] | ' | ' |
Fixed Assets | 47 | 106 |
Total Assets | $2,383 | $3,015 |
Subsequent_Events_Details
Subsequent Events (Details) (USD $) | Mar. 21, 2014 | Mar. 13, 2014 | Dec. 31, 2013 |
In Millions, except Share data, unless otherwise specified | Subsequent Event [Member] | Subsequent Event [Member] | Legal Settlement [Member] |
8% Subordinated Convertible Notes Due 2016 [Member] | Legal Settlement [Member] | ||
Subsequent Events (Details) [Line Items] | ' | ' | ' |
Litigation Settlement, Amount | ' | $0.40 | ' |
Stock Issued During Period, Shares, Other (in Shares) | ' | 75,000 | ' |
Estimated Litigation Liability | ' | ' | 0.6 |
Legal Fees | ' | ' | $0.10 |
Debt Instrument, Interest Rate, Stated Percentage | 8.00% | ' | ' |