Document_And_Entity_Informatio
Document And Entity Information | 6 Months Ended | |
Jun. 30, 2014 | Aug. 04, 2014 | |
Document and Entity Information [Abstract] | ' | ' |
Entity Registrant Name | 'CLEAN DIESEL TECHNOLOGIES INC | ' |
Document Type | '10-Q | ' |
Current Fiscal Year End Date | '--12-31 | ' |
Entity Common Stock, Shares Outstanding | ' | 12,412,336 |
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 | 30-Jun-14 | ' |
Document Fiscal Year Focus | '2014 | ' |
Document Fiscal Period Focus | 'Q2 | ' |
Condensed_Consolidated_Balance
Condensed Consolidated Balance Sheets (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Current assets: | ' | ' |
Cash | $8,558 | $3,909 |
Accounts receivable, net | 5,793 | 5,524 |
Inventories | 6,676 | 5,919 |
Prepaid expenses and other current assets | 1,856 | 1,462 |
Total current assets | 22,883 | 16,814 |
Property and equipment, net | 1,415 | 1,459 |
Intangible assets, net | 3,172 | 3,508 |
Goodwill | 5,848 | 5,870 |
Other assets | 630 | 718 |
Total assets | 33,948 | 28,369 |
Current liabilities: | ' | ' |
Line of credit | 3,432 | 2,258 |
Accounts payable | 6,386 | 5,370 |
Accrued expenses and other current liabilities | 5,686 | 6,002 |
Shareholder notes payable | 1,607 | ' |
Income taxes payable | 582 | 1,058 |
Total current liabilities | 17,693 | 14,688 |
Shareholder notes payable, noncurrent | 5,975 | 7,549 |
Deferred tax liability | 684 | 686 |
Total liabilities | 24,352 | 22,923 |
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 12,412,336 and 9,299,253 shares at June 30, 2014 and December 31, 2013, respectively | 124 | 93 |
Additional paid-in capital | 197,107 | 188,108 |
Accumulated other comprehensive loss | -891 | -1,036 |
Accumulated deficit | -186,744 | -181,719 |
Total stockholders’ equity | 9,596 | 5,446 |
Total liabilities and stockholders’ equity | $33,948 | $28,369 |
Condensed_Consolidated_Balance1
Condensed Consolidated Balance Sheets (Parentheticals) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
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 | 12,412,336 | 9,299,253 |
Common stock, shares outstanding | 12,412,336 | 9,299,253 |
Condensed_Consolidated_Stateme
Condensed Consolidated Statements of Comprehensive Loss (USD $) | 3 Months Ended | 6 Months Ended | ||
In Thousands, except Per Share data, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 |
Revenues | $12,591 | $12,555 | $25,053 | $25,862 |
Cost of revenues | 8,628 | 9,304 | 17,226 | 19,499 |
Gross profit | 3,963 | 3,251 | 7,827 | 6,363 |
Operating expenses: | ' | ' | ' | ' |
Selling, general and administrative (including stock-based compensation expense of $155, $172, $264 and $362, respectively) | 3,021 | 3,422 | 6,695 | 7,252 |
Research and development (including stock-based compensation expense of $18, $2, $20 and $4, respectively) | 1,479 | 947 | 2,768 | 2,212 |
Severance and other charges | 23 | 51 | 377 | 62 |
Total operating expenses | 4,523 | 4,420 | 9,840 | 9,526 |
Loss from operations | -560 | -1,169 | -2,013 | -3,163 |
Other (expense) income: | ' | ' | ' | ' |
Interest expense | -286 | -336 | -592 | -672 |
Other (expense) income, net | -301 | -145 | -2,113 | 161 |
Total other expense | -587 | -481 | -2,705 | -511 |
Loss from continuing operations before income taxes | -1,147 | -1,650 | -4,718 | -3,674 |
Income tax expense (benefit) from continuing operations | 30 | -280 | 267 | -166 |
Net loss from continuing operations | -1,177 | -1,370 | -4,985 | -3,508 |
Net loss from discontinued operations | -12 | ' | -40 | -3 |
Net loss | -1,189 | -1,370 | -5,025 | -3,511 |
Foreign currency translation adjustments | 582 | -498 | 145 | -1,091 |
Comprehensive loss | ($607) | ($1,868) | ($4,880) | ($4,602) |
Basic and diluted net loss per share: | ' | ' | ' | ' |
Net loss from continuing operations (in Dollars per share) | ($0.10) | ($0.19) | ($0.45) | ($0.48) |
Net loss from discontinued operations (in Dollars per share) | ' | ' | ($0.01) | ' |
Net loss (in Dollars per share) | ($0.10) | ($0.19) | ($0.46) | ($0.48) |
Weighted-average number of common shares outstanding - basic and diluted (in Shares) | 12,304 | 7,306 | 11,038 | 7,284 |
Condensed_Consolidated_Stateme1
Condensed Consolidated Statements of Comprehensive Loss (Parentheticals) (USD $) | 3 Months Ended | 6 Months Ended | ||
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 |
Selling, General and Administrative Expenses [Member] | ' | ' | ' | ' |
Stock-based compensation expense | $155 | $172 | $264 | $362 |
Research and Development Expense [Member] | ' | ' | ' | ' |
Stock-based compensation expense | $18 | $2 | $20 | $4 |
Condensed_Consolidated_Stateme2
Condensed Consolidated Statements of Cash Flows (USD $) | 6 Months Ended | |
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 |
Cash flows from operating activities: | ' | ' |
Net loss | ($5,025) | ($3,511) |
Net loss from discontinued operations | 40 | 3 |
Adjustments to reconcile net loss to cash used in operating activities: | ' | ' |
Depreciation and amortization | 540 | 658 |
Write-down of excess and obsolete inventory | 26 | 218 |
Stock-based compensation expense | 284 | 366 |
Loss (gain) on change in fair value of liability-classified warrants | 1,682 | -6 |
Loss (income) from unconsolidated affiliates | -28 | 225 |
Loss (gain) on foreign currency transactions | 153 | -295 |
Loss related to litigation | 123 | ' |
Gain on disposal of property and equipment | -296 | ' |
Offering costs allocated to warrants issued | 165 | ' |
Other | 74 | 88 |
Changes in operating assets and liabilities: | ' | ' |
Accounts receivable | -319 | -223 |
Inventories | -758 | 863 |
Prepaid expenses and other assets | 22 | 140 |
Accounts payable | 979 | -618 |
Income taxes | -828 | 37 |
Accrued expenses and other current liabilities | -916 | -278 |
Cash used in operating activities of continuing operations | -4,082 | -2,333 |
Cash used in operating activities of discontinued operations | -43 | -2 |
Net cash used in operating activities | -4,125 | -2,335 |
Cash flows from investing activities: | ' | ' |
Loan to unconsolidated affiliate | ' | -261 |
Investment in (distribution from) unconsolidated affiliate | 91 | -66 |
Purchases of property and equipment | -191 | -106 |
Proceeds from sale of property and equipment | 322 | ' |
Net cash provided by (used in) investing activities | 222 | -433 |
Cash flows from financing activities: | ' | ' |
Net borrowings (payments) under demand line of credit | 1,174 | -783 |
Proceeds from issuance of common stock and warrants, net of offering costs | 6,114 | ' |
Proceeds from exercise of warrants | 1,000 | ' |
Proceeds from exercise of stock options | 275 | ' |
Other | -18 | ' |
Net cash provided by (used in) financing activities | 8,545 | -783 |
Effect of exchange rates on cash | 7 | -163 |
Net change in cash | 4,649 | -3,714 |
Cash at beginning of period | 3,909 | 6,878 |
Cash at end of period | 8,558 | 3,164 |
Significant noncash financing activity: | ' | ' |
Offering warrants classified as derivative liability | $1,531 | ' |
Organization
Organization | 6 Months Ended |
Jun. 30, 2014 | |
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. The Company has operations in the United States, Canada, the United Kingdom, France, Japan and Sweden as well as an Asian investment. | |
b. 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 $186.7 million at June 30, 2014. 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 June 30, 2014, the Company had $3.4 million in borrowings outstanding under this facility with $4.1 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. | |
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 pursuant to the Shelf Registration 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 offering expenses. In the first quarter of 2014, warrant holders exercised an aggregate of 800,000 of the warrants issued in the offering at an exercise price of $1.25 per share for proceeds of $1.0 million. | |
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 the Company’s 8% subordinated convertible notes due 2016 prior to July 1, 2015. See Note 8 for additional information on these notes. | |
On April 4, 2014, the Company sold 2,030,000 units pursuant to the Shelf Registration for $3.40 per unit, with each unit consisting of one share of common stock and 0.4 of one warrant to purchase one share of common stock with an exercise price of $4.20 per share. The Company received net proceeds of $6.1 million after deducting placement agent fees and other offering expenses. See Note 9 for additional information. | |
At June 30, 2014, the Company had $8.6 million in cash. Based on the Company’s current cash levels, proceeds from the April 2014 offering and expected cash flows from operations, management believes that the Company will have access to sufficient working capital to fund operations through the end of this year and into next year. However, there can be no assurances that the Company will be able to achieve projected levels of revenue and maintain access to sufficient working capital. If cash from operations is not sufficient for the working capital needs of the Company, the Company may be forced to seek additional financing in the form of funding from outside sources. However, there is no assurance that the Company will be able to raise additional funds or reduce its discretionary spending to a level sufficient for its working capital needs. |
Summary_of_Significant_Account
Summary of Significant Accounting Policies | 6 Months Ended | ||||||||
Jun. 30, 2014 | |||||||||
Accounting Policies [Abstract] | ' | ||||||||
Significant Accounting Policies [Text Block] | ' | ||||||||
2. Summary of Significant Accounting Policies | |||||||||
a. Basis of Presentation | |||||||||
The accompanying unaudited condensed consolidated financial statements have been prepared pursuant to the rules and regulations of the SEC for interim financial reporting. In the opinion of management, all adjustments (consisting of normal recurring adjustments) necessary for a fair presentation have been reflected. The results reported in these unaudited condensed consolidated financial statements should not necessarily be taken as indicative of results that may be expected for the entire year. Certain financial information that is normally included in annual financial statements prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”), but is not required for interim reporting purposes, has been condensed or omitted. The accompanying unaudited condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and related notes included in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2013. | |||||||||
b. Principles of Consolidation | |||||||||
The unaudited condensed consolidated financial statements include the financial statements of the Company and its wholly owned subsidiaries. Intercompany transactions and balances 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 includes its proportionate share of the net income or loss of equity-method investees in its unaudited condensed consolidated statements of comprehensive loss. | |||||||||
c. Use of Estimates | |||||||||
The preparation of financial statements in conformity with 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 assets and 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. Concentration of Risk | |||||||||
For the three and six months ended June 30, 2014, one automotive original equipment manufacturer (“OEM”) customer within the Catalyst segment accounted for 43% and 42%, respectively, of the Company’s revenues. This customer accounted for 41% of the Company’s revenues for the three and six months ended June 30, 2013. This customer accounted for 31% and 24% of the Company’s accounts receivable at June 30, 2014 and December 31, 2013, respectively. Another customer accounted for 10% of the Company’s accounts receivable at June 30, 2014. No other customers accounted for 10% or more of the Company’s revenues or accounts receivable for these periods. | |||||||||
For the periods presented below, certain vendors accounted for 10% or more of the Company’s raw material purchases as follows: | |||||||||
Three Months Ended | Six Months Ended | ||||||||
June 30, | June 30, | ||||||||
Vendor | 2014 | 2013 | 2014 | 2013 | |||||
A | 7% | 17% | 17% | 15% | |||||
B | 19% | 20% | 24% | 18% | |||||
C | 10% | 8% | 10% | 13% | |||||
D | 12% | 12% | 13% | 13% | |||||
Vendor A above is a catalyst supplier, vendors B and D above are substrate suppliers and vendor C is a rare earth materials supplier. | |||||||||
e. 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 restricted share units (“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 three and six months ended June 30, 2014 and 2013, 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. Potentially dilutive common stock equivalents excluded were 2.3 million shares during each of the three months ended June 30 2014 and 2013. Potentially dilutive common stock equivalents excluded were 2.1 million and 2.2 million shares during the six months ended June 30 2014 and 2013, respectively. | |||||||||
f. Fair Value Measurements | |||||||||
The Company measures certain financial assets and liabilities at fair value in accordance with a hierarchy which requires an entity to maximize the use of observable inputs which reflect market data obtained from independent sources and minimize the use of unobservable inputs. There are three levels of inputs that may be used to measure fair value: | |||||||||
· 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. See Note 10 for further information on these liability-classified warrants. The valuation inputs hierarchy classification for the warrant liability measured at fair value on a recurring basis is summarized as follows (in thousands): | |||||||||
Warrant liability | Level 1 | Level 2 | Level 3 | ||||||
As of June 30, 2014 | - | - | $ | 1,647 | |||||
As of December 31, 2013 | - | - | $ | 939 | |||||
The following is a reconciliation of the warrant liability measured at fair value using Level 3 inputs (in thousands): | |||||||||
Six Months Ended | |||||||||
June 30, | |||||||||
2014 | 2013 | ||||||||
Balance at beginning of period | $ | 939 | $ | 10 | |||||
Issuance of common stock warrants | 1,531 | - | |||||||
Exercise of common stock warrants | -2,505 | - | |||||||
Remeasurement of common stock warrants | 1,682 | -6 | |||||||
Balance at end of period | $ | 1,647 | $ | 4 | |||||
g. Fair Value of Financial Instruments | |||||||||
Accounting Standards Codification (“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 calculated using level 3 inputs, using a Black-Scholes option-pricing model to value the debt’s conversion factor and a net present value model was $7.5 million at June 30, 2014 and December 31, 2013. | |||||||||
h. 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. | |||||||||
i. Recent Accounting Pronouncements | |||||||||
In April 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2014-08, "Presentation of Financial Statements (Topic 205) and Property, Plant, and Equipment (Topic 360): Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity." ASU 2014-08 raises the threshold for a disposal to qualify as a discontinued operation and requires new disclosures of both discontinued operations and certain other disposals that do not meet the definition of a discontinued operation. It is effective for annual periods beginning on or after December 15, 2014. Early adoption is permitted but only for disposals that have not been reported in financial statements previously issued. The Company does not expect the impact of the adoption of ASU 2014-08 to be material to its consolidated financial statements. | |||||||||
In May 2014, the FASB issued ASU No. 2014-09, "Revenue from Contracts with Customers." ASU 2014-09 supersedes the revenue recognition requirements in "Revenue Recognition (Topic 605)", and requires entities to recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled to in exchange for those goods or services. ASU 2014-09 is effective for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period. Early adoption is not permitted. The Company is currently in the process of evaluating the impact of the adoption of ASU 2014-09 on its consolidated financial statements. |
Inventories
Inventories | 6 Months Ended | |||||
Jun. 30, 2014 | ||||||
Inventory Disclosure [Abstract] | ' | |||||
Inventory Disclosure [Text Block] | ' | |||||
3. Inventories | ||||||
Inventories consist of the following (in thousands): | ||||||
June 30, | December 31, | |||||
2014 | 2013 | |||||
Raw materials | $ | 3,191 | $ | 2,782 | ||
Work in process | 1,093 | 1,039 | ||||
Finished goods | 2,392 | 2,098 | ||||
Inventories | $ | 6,676 | $ | 5,919 | ||
Goodwill_and_Intangible_Assets
Goodwill and Intangible Assets | 6 Months Ended | |||||||
Jun. 30, 2014 | ||||||||
Goodwill and Intangible Assets Disclosure [Abstract] | ' | |||||||
Goodwill and Intangible Assets Disclosure [Text Block] | ' | |||||||
4. 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 change in the carrying amount of goodwill is as follows (in thousands): | ||||||||
Balance at December 31, 2013 | $ | 5,870 | ||||||
Effect of translation adjustment | -22 | |||||||
Balance at June 30, 2014 | $ | 5,848 | ||||||
Intangible Assets | ||||||||
Intangible assets consist of the following (in thousands): | ||||||||
Useful Life | June 30, | December 31, | ||||||
in Years | 2014 | 2013 | ||||||
Trade name | 15 - 20 | $ | 1,353 | $ | 1,352 | |||
Patents and know-how | 12-May | 4,822 | 4,814 | |||||
Customer relationships | 8-Apr | 1,214 | 1,224 | |||||
Intangible assets, Gross | 7,389 | 7,390 | ||||||
Less accumulated amortization | -4,217 | -3,882 | ||||||
Intangible assets, Net | $ | 3,172 | $ | 3,508 | ||||
The Company recorded amortization expense related to amortizable intangible assets of $0.2 million during each of the three months ended June 30, 2014 and 2013. The Company recorded amortization expense related to amortizable intangible assets of $0.4 million during each of the six months ended June 30, 2014 and 2013. | ||||||||
Estimated amortization expense for each of the next five years is as follows (in thousands): | ||||||||
Years ending December 31: | ||||||||
Remainder of 2014 | $ | 338 | ||||||
2015 | $ | 671 | ||||||
2016 | $ | 525 | ||||||
2017 | $ | 513 | ||||||
2018 | $ | 169 | ||||||
Accrued_Expenses_and_Other_Cur
Accrued Expenses and Other Current Liabilities | 6 Months Ended | |||||
Jun. 30, 2014 | ||||||
Accrued Expenses And Other Current Liabilities [Abstract] | ' | |||||
Accrued Expenses And Other Current Liabilities [Text Block] | ' | |||||
5. Accrued Expenses and Other Current Liabilities | ||||||
Accrued expenses and other current liabilities consist of the following (in thousands): | ||||||
June 30, | December 31, | |||||
2014 | 2013 | |||||
Accrued salaries and benefits | $ | 1,134 | $ | 1,232 | ||
Warrant liability | 1,647 | 939 | ||||
Liability for consigned precious metals | 478 | 832 | ||||
Accrued legal settlement and related expenses | - | 616 | ||||
Accrued severance and other charges | 254 | 530 | ||||
Accrued warranty | 485 | 453 | ||||
Other | 1,688 | 1,400 | ||||
Accrued expenses and other current liabilities | $ | 5,686 | $ | 6,002 | ||
Severance_and_Other_Charges
Severance and Other Charges | 6 Months Ended | |||||||||||
Jun. 30, 2014 | ||||||||||||
Restructuring and Related Activities [Abstract] | ' | |||||||||||
Restructuring and Related Activities Disclosure [Text Block] | ' | |||||||||||
6. Severance and Other Charges | ||||||||||||
Severance and other charges consist of the following (in thousands): | ||||||||||||
Three Months Ended | Six Months Ended | |||||||||||
June 30, | June 30, | |||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||
Employee severance expense | $ | 23 | $ | 51 | $ | 69 | $ | 62 | ||||
Lease exit costs | - | - | 43 | - | ||||||||
Legal settlements | - | - | 265 | - | ||||||||
Total severance and other charges | $ | 23 | $ | 51 | $ | 377 | $ | 62 | ||||
Severance and Other Exit Costs | ||||||||||||
The Company incurred severance costs in 2014 related to its North American and United Kingdom locations. The Company incurred additional lease exit costs related to the exit of a lease in North America in 2013. | ||||||||||||
The following summarizes the activity in the Company’s accrual for severance and other exit costs (in thousands): | ||||||||||||
Lease Exit | ||||||||||||
Severance | Costs | Total | ||||||||||
Accrual at December 31, 2013 | $ | 530 | $ | - | $ | 530 | ||||||
Provision in 2014 | 69 | 43 | 112 | |||||||||
Payments and other settlements in 2014 | -364 | -23 | -387 | |||||||||
Translation adjustment | -1 | - | -1 | |||||||||
Accrual at June 30, 2014 | $ | 234 | $ | 20 | $ | 254 | ||||||
The Company expects to pay substantially all of the accrued amounts during the remainder of 2014. | ||||||||||||
Legal Settlements | ||||||||||||
On March 13, 2014, the Company reached a settlement with its former chief financial officer pursuant to an administrative complaint that was filed in 2010 which provides for a one-time lump sum amount of $0.4 million and the issuance of 75,000 shares of Company common stock. The Company reserved $0.6 million at December 31, 2013, which included 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. The settlement was paid and stock issued in April 2014, and the Company recorded an additional $0.1 million related to the increase in the fair value of its common stock at the time of issuance. See note 13 for further discussion. | ||||||||||||
In the six months ended June 30, 2014, the Company also incurred $0.1 million related to the settlement of a customer dispute. |
Accrued_Warranty
Accrued Warranty | 6 Months Ended | |||||
Jun. 30, 2014 | ||||||
Product Warranties Disclosures [Abstract] | ' | |||||
Product Warranty Disclosure [Text Block] | ' | |||||
7. Accrued Warranty | ||||||
Changes in the Company’s product warranty reserve are as follows (in thousands): | ||||||
Six Months Ended | ||||||
June 30, | ||||||
2014 | 2013 | |||||
Balance at beginning of period | $ | 453 | $ | 665 | ||
Accrued warranty expense | 363 | 317 | ||||
Warranty claims paid | -338 | -400 | ||||
Translation adjustment | 7 | -43 | ||||
Balance at end of period | $ | 485 | $ | 539 | ||
Debt
Debt | 6 Months Ended | |||||
Jun. 30, 2014 | ||||||
Debt Disclosure [Abstract] | ' | |||||
Debt Disclosure [Text Block] | ' | |||||
8. Debt | ||||||
Debt consists of the following (in thousands): | ||||||
June 30, | December 31, | |||||
2014 | 2013 | |||||
Line of credit with FGI | $ | 3,432 | $ | 2,258 | ||
$1.5 million, 8% shareholder note due 2015 | 1,607 | 1,586 | ||||
$3.0 million, 8% subordinated convertible shareholder notes due 2016 | 3,000 | 3,000 | ||||
$3.0 million, 8% shareholder note due 2015 | 2,975 | 2,963 | ||||
Debt, Total | 11,014 | 9,807 | ||||
Less current portion | -5,039 | -2,258 | ||||
Long-term debt, net of current portion | $ | 5,975 | $ | 7,549 | ||
Line of Credit with FGI | ||||||
The Company has a $7.5 million secured demand facility with FGI backed by its receivables and inventory (as amended, the “FGI Facility”). The FGI Facility expires on 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 certain of its 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 June 30, 2014, 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 were not changed, in the second quarter of 2014, borrowing against the Company's significant OEM customer's inventory has been limited to $0.2 million 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 June 30, 2014 and December 31, 2013. 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. | ||||||
At June 30, 2014, the Company had $3.2 million of gross accounts receivable pledged to FGI as collateral for short-term debt in the amount of $2.6 million. At June 30, 2014, the Company also had $0.8 million in borrowings outstanding against eligible inventory. The Company was in compliance with the terms of the FGI Facility at June 30, 2014. 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 unsecured loan, as amended, bears interest on the unpaid principal at a rate of 8%, with interest only payable quarterly in arrears. In addition to principal and accrued interest, the Company is obligated to pay Kanis S.A. “Payment Premium” of $250,000 with $100,000 paid on June 30, 2013 and the remaining amount payable on the June 30, 2015 maturity date. There is no prepayment penalty. | ||||||
$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 agreement, as amended, allows 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 May 12, 2013. 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. The Notes have been classified as noncurrent in the unaudited condensed consolidated balance sheets at June 30, 2014 and 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. | ||||||
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. | ||||||
$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 an unsecured 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. |
Stockholders_Equity
Stockholders' Equity | 6 Months Ended |
Jun. 30, 2014 | |
Stockholders' Equity Note [Abstract] | ' |
Stockholders' Equity Note Disclosure [Text Block] | ' |
9. Stockholders’ Equity | |
Significant Changes in Stockholders’ Equity | |
During the six months ended June 30, 2014, additional paid-in capital increased by $9.0 million. $8.2 million of this increase is attributable to (i) $4.7 million in proceeds, net of costs, from a recent registered offering, (ii) $1.0 million in proceeds received from the exercise of warrants to purchase a total of 800,000 shares of the Company’s common stock and (iii) $2.5 million being the fair value of these warrants reclassified from liabilities. Refer to the April 2014 Offering discussion below and Note 10 for additional information. | |
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. | |
April 2014 Offering | |
On April 1, 2014, the Company entered into a placement agent agreement with Roth Capital Partners, LLC and Craig-Hallum Capital Group LLC related to the registered direct offering (the “Offering”) of an aggregate of 2,030,000 shares of the Company’s common stock together with warrants to purchase up to 812,000 shares of common stock. The Offering was made pursuant to the Company’s Shelf Registration discussed above. On April 4, 2014, the Company closed the Offering in which it sold 2,030,000 shares of common stock and warrants to purchase 812,000 shares of common stock. The shares of common stock and warrants were sold in units at $3.40 per unit, with each unit consisting of one share of common stock and 0.4 of one warrant to purchase one share of common stock at an exercise price of $4.20 per share. | |
The Company received gross proceeds of $6.9 million and net proceeds of $6.1 million after deducting placement agent fees and other offering expenses. The Offering warrants are within the scope of ASC 815-40 and are required to be recorded as liabilities (see note 10). Accordingly, of the $6.1 million in net proceeds, $4.6 million was allocated to the common stock and included in additional paid-in capital and $1.5 million was allocated to the warrant liability based on the fair value of the warrants on the issuance date. Additionally, $0.2 million of the placement agent fees and other 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 three and six months ended June 30, 2014. The Company intends to use the proceeds for general corporate purposes, which may include working capital, general and administrative expenses, capital expenditures and implementation of its strategic priorities. The Company may also use a portion of the net proceeds to acquire or invest in businesses, products and technologies that are complementary to its current business, although there are no present commitments or agreements for any such transactions. | |
Common Stock Purchase Agreement with Lincoln Park Capital ("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. This expired unused in April 2014. |
Warrants
Warrants | 6 Months Ended | ||||||
Jun. 30, 2014 | |||||||
Warrants Disclosures [Abstract] | ' | ||||||
Warrants Disclosures [Text Block] | ' | ||||||
10. 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: | |||||||
Weighted | |||||||
Average | |||||||
Exercise | Range of | ||||||
Shares | Price | Exercise Prices | |||||
Outstanding at December 31, 2013 | 1,139,535 | $ | 1.68 | $1.25 - $10.40 | |||
Warrants issued | 812,000 | $ | 4.2 | $4.20 | |||
Warrants exercised | -800,000 | $ | 1.25 | $1.25 | |||
Outstanding at June 30, 2014 | 1,151,535 | $ | 3.76 | $1.25 - $10.40 | |||
Warrants exercisable at June 30, 2014 | 319,535 | $ | 3.03 | $1.25 - $10.40 | |||
Warrant Liability | |||||||
The Company evaluates warrants on issuance and at each reporting date to determine proper classification as equity or as a liability. The Company’s warrant liability is carried at fair value and is classified as Level 3 in the fair value hierarchy because the warrants are valued based on unobservable inputs. | |||||||
The Company determines the fair value of its warrant liability 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 its business combination with Catalytic Solutions, Inc. (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 remaining contractual life of the warrants. | |||||||
The Offering warrants require physical settlement 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. The assumptions used in the Black-Scholes option-pricing model to estimate the fair value of the warrant liability for these warrants are as follows: | |||||||
June 30, | April 4, | ||||||
2014 | 2014 | ||||||
Warrants valued | 812,000 | 812,000 | |||||
CDTi stock price | $ | 2.71 | $ | 2.95 | |||
Strike price | $ | 4.2 | $ | 4.2 | |||
Expected volatility | 84.50% | 84.90% | |||||
Risk-free interest rate | 1.70% | 1.90% | |||||
Dividend yield | ─ | ─ | |||||
Expected life in years | 5.3 | 5.5 | |||||
The assumptions used in the Monte Carlo simulation model to estimate the fair value of the warrant liability for warrants with full-ratchet down-round protection are as follows: | |||||||
June 30, | December 31, | ||||||
2014 | 2013 | ||||||
Warrants valued | 159,000 | 959,000 | |||||
CDTi stock price | $ | 2.71 | $ | 1.51 | |||
Strike price | $ | 1.25 | $ | 1.25 | |||
Expected volatility | 76.50% | 73.60% | |||||
Risk-free interest rate | 1.30% | 1.80% | |||||
Dividend yield | ─ | ─ | |||||
Expected life in years | 4 | 4.5 | |||||
The warrant liability, included in accrued expenses and other current liabilities in the accompanying unaudited condensed consolidated balance sheets, is re-measured at the end of each reporting period with changes in fair value recognized in other expense in the unaudited condensed consolidated statements of comprehensive loss. Upon the exercise of a warrant that is classified as a liability, the fair value of the warrant exercised is re-measured on the exercise date and reclassified from warrant liability to additional paid-in capital. The Company recorded other income of $0.4 million for the three months ended June 30, 2014 as a result of the change in fair value of the warrant liability, which was primarily due to a decrease in the Company’s stock price during this period. The Company recorded other expense of $1.7 million for the six months ended June 30, 2014 as a result of the change in fair value of the warrant liability which was primarily due to an increase in the Company’s stock price during the reporting period. During the six months ended June 30, 2014, as a result of the exercise of warrants to purchase 800,000 shares of the Company’s common stock, the warrant liability decreased $2.5 million, excluding the effects of remeasurement, with an offsetting increase to additional paid-in capital. |
StockBased_Compensation
Stock-Based Compensation | 6 Months Ended | |||||||||
Jun. 30, 2014 | ||||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ' | |||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Text Block] | ' | |||||||||
11. Stock-Based Compensation | ||||||||||
The Clean Diesel Technologies, Inc. Stock 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. As of June 30, 2014, there were 136,936 shares available for future grants under the Plan. | ||||||||||
Total stock-based compensation expense for the three months ended June 30, 2014 and 2013 was $0.2 million. Total stock-based compensation expense for the six months ended June 30, 2014 and 2013 was $0.3 million and $0.4 million, respectively. Compensation expense is recognized on a straight-line basis over the requisite service period for all stock-based awards made to employees and directors in the unaudited condensed consolidated statements of comprehensive loss. | ||||||||||
Stock Options | ||||||||||
Stock option activity is summarized as follows: | ||||||||||
Options | Weighted | Weighted Average Remaining Contractual Term | Aggregate | |||||||
Average | (in years) | Intrinsic | ||||||||
Exercise | Value | |||||||||
Price | (thousands) | |||||||||
Outstanding at December 31, 2013 | 714,712 | $ | 7.17 | |||||||
Exercised | -97,172 | $ | 2.83 | |||||||
Cancelled | -79,504 | $ | 2.83 | |||||||
Outstanding at June 30, 2014 | 538,036 | $ | 8.59 | 6.9 | $ | 16 | ||||
Exercisable at June 30, 2014 | 459,171 | $ | 9.56 | 6.8 | $ | 11 | ||||
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 quarter. As of June 30, 2014, the Company had $0.1 million of unrecognized compensation cost related to stock option grants which will be recognized over a weighted average estimated period of 0.7 years. | ||||||||||
Restricted Stock Units (“RSUs”) | ||||||||||
RSU activity is as follows: | ||||||||||
Shares | Weighted | |||||||||
Average | ||||||||||
Grant Date | ||||||||||
Fair Value | ||||||||||
Nonvested at December 31, 2013 (1) | 285,558 | $ | 2.35 | |||||||
Granted | 396,990 | $ | 2.97 | |||||||
Vested | -91,090 | $ | 2.57 | |||||||
Forfeited | -128,575 | $ | 2.25 | |||||||
Nonvested units at June 30, 2014 | 462,883 | $ | 2.87 | |||||||
(1) Includes 26,638 RSUs vested and unissued | ||||||||||
As of June 30, 2014, the Company had $1.1 million of unrecognized compensation cost related to RSUs, which will be recognized over a weighted average estimated period of 2.2 years. | ||||||||||
Joint_Venture
Joint Venture | 6 Months Ended |
Jun. 30, 2014 | |
Joint Ventures Disclosure [Abstract] | ' |
Joint Ventures Disclosure [Text Block] | ' |
12. 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 countries. The Joint Venture commenced operations in April 2013. | |
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 dissolution was finalized in April 2014. The majority of its investment balance of $0.1 million, included in other assets in the accompanying unaudited condensed consolidated balance sheets December 31, 2013, was received in April 2014, with a small balance to be collected following the receipt of VAT due from the Swedish and Italian governments. 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 | 6 Months Ended |
Jun. 30, 2014 | |
Commitments and Contingencies Disclosure [Abstract] | ' |
Commitments and Contingencies Disclosure [Text Block] | ' |
13. Commitments and Contingencies | |
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 provided 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 settlement was formally approved by the ALJ. As a result, there were mutual releases of all claims and a dismissal of the SOX complaint. The Company reserved $0.6 million at December 31, 2013, which included the lump sum amount, the market value of the common stock and accrued legal expenses incurred. The settlement was paid and stock issued in April 2014, and the Company recorded an additional $0.1 million related to the increase in the fair value of its common stock at the time of issuance. | |
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 Release 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 of $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, including the BP contract discussed above. 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 since 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 are 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 unaudited condensed consolidated financial statements as of June 30, 2014, 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 (the "State") 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 asserts that proper documentation of resale may not have been obtained and that the Company owes sales tax of $1.4 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. On August 12, 2013, the Company appeared at an appeals conference with the State Board of Equalization ("BOE"). On July 21, 2014, the Company received a Decision and Recommendation (“D&R”) from the BOE. The D&R’s conclusion was that the basis for the calculation of the aforementioned $1.4 million tax due should be reduced from $12.2 million to $9.0 million with a commensurate reduction in the tax owed to the State. Regardless of this finding, the Company continues to believe that it will prevail in this matter, as it believes that the State did not adequately address the legal arguments related to the Company’s acceptance of the valid resale certificate from its customer. The Company has not agreed to these findings, and therefore, it will be appealing at a higher level at the BOE. 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_and_Geograph
Segment Reporting and Geographic Information | 6 Months Ended | ||||||||||||
Jun. 30, 2014 | |||||||||||||
Segment Reporting [Abstract] | ' | ||||||||||||
Segment Reporting Disclosure [Text Block] | ' | ||||||||||||
14. Segment Reporting and Geographic Information | |||||||||||||
The Company has two business division segments based on the products it delivers: | |||||||||||||
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. | |||||||||||||
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 2001. The Catalyst division also provides catalyst formulations for the Company’s Heavy Duty Diesel Systems division. Intersegment revenues are based on market prices. | |||||||||||||
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. | |||||||||||||
Summarized financial information for the Company’s reportable segments is as follows (in thousands): | |||||||||||||
Three Months Ended | Six Months Ended | ||||||||||||
June 30, | June 30, | ||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||
Revenues | |||||||||||||
Heavy Duty Diesel Systems | $ | 7,018 | $ | 7,109 | $ | 14,176 | $ | 14,393 | |||||
Catalyst | 6,289 | 6,296 | 12,100 | 12,752 | |||||||||
Corporate | - | - | - | - | |||||||||
Eliminations (1) | -716 | -850 | -1,223 | -1,283 | |||||||||
Total | $ | 12,591 | $ | 12,555 | $ | 25,053 | $ | 25,862 | |||||
(Loss) income from operations | |||||||||||||
Heavy Duty Diesel Systems | $ | 660 | $ | -81 | $ | 938 | $ | -418 | |||||
Catalyst | 361 | 132 | 583 | 253 | |||||||||
Corporate | -1,591 | -1,259 | -3,524 | -3,076 | |||||||||
Eliminations (1) | 10 | 39 | -10 | 78 | |||||||||
Total | $ | -560 | $ | -1,169 | $ | -2,013 | $ | -3,163 | |||||
(1) Elimination of Catalyst revenue and profit in ending inventory related to sales to Heavy Duty Diesel Systems. | |||||||||||||
Net sales by geographic region based on the location of sales organization is as follows (in thousands): | |||||||||||||
Three Months Ended | Six Months Ended | ||||||||||||
June 30, | June 30, | ||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||
United States | $ | 6,584 | $ | 6,458 | $ | 12,881 | $ | 13,426 | |||||
Canada | 4,705 | 4,847 | 9,732 | 9,683 | |||||||||
Europe | 1,302 | 1,250 | 2,440 | 2,753 | |||||||||
Total international | 6,007 | 6,097 | 12,172 | 12,436 | |||||||||
Total revenues | $ | 12,591 | $ | 12,555 | $ | 25,053 | $ | 25,862 | |||||
Subsequent_Event
Subsequent Event | 6 Months Ended |
Jun. 30, 2014 | |
Subsequent Events [Abstract] | ' |
Subsequent Events [Text Block] | ' |
15. Subsequent Event | |
Effective July 31, 2014, Nikhil A. Mehta resigned as Chief Financial Officer of the Company in order to pursue other opportunities. He will remain employed by the Company in a transitional capacity until August 30, 2014. The Company’s Board of Directors has determined that Mr. Mehta’s departure will be treated as resignation for good reason, pursuant to his employment agreement. In connection with Mr. Mehta’s resignation, the Company and Mr. Mehta have entered into a separation and release agreement which provides for, among other things: (i) severance benefits of (a) one year’s salary of $310,000, payable on a bi-weekly basis; (b) a prorated, lump-sum bonus in the amount of $27,125 pursuant to Mr. Mehta’s personal objectives under his 2014 bonus plan; (c) the accelerated vesting of all stock options and restricted share units held by Mr. Mehta and the extension of the expiration date on his options from 90 days to 180 days after the date of his separation; (d) one year of medical, dental and vision coverage; and (e) outplacement assistance; and (ii) the release by Mr. Mehta of all claims against the Company. The parties also agreed to waive the 90 day notice period under Mr. Mehta’s employment agreement. |
Accounting_Policies_by_Policy_
Accounting Policies, by Policy (Policies) | 6 Months Ended | ||||||||
Jun. 30, 2014 | |||||||||
Accounting Policies [Abstract] | ' | ||||||||
Basis of Accounting, Policy [Policy Text Block] | ' | ||||||||
a. Basis of Presentation | |||||||||
The accompanying unaudited condensed consolidated financial statements have been prepared pursuant to the rules and regulations of the SEC for interim financial reporting. In the opinion of management, all adjustments (consisting of normal recurring adjustments) necessary for a fair presentation have been reflected. The results reported in these unaudited condensed consolidated financial statements should not necessarily be taken as indicative of results that may be expected for the entire year. Certain financial information that is normally included in annual financial statements prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”), but is not required for interim reporting purposes, has been condensed or omitted. The accompanying unaudited condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and related notes included in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2013. | |||||||||
Consolidation, Policy [Policy Text Block] | ' | ||||||||
b. Principles of Consolidation | |||||||||
The unaudited condensed consolidated financial statements include the financial statements of the Company and its wholly owned subsidiaries. Intercompany transactions and balances 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 includes its proportionate share of the net income or loss of equity-method investees in its unaudited condensed consolidated statements of comprehensive loss. | |||||||||
Use of Estimates, Policy [Policy Text Block] | ' | ||||||||
c. Use of Estimates | |||||||||
The preparation of financial statements in conformity with 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 assets and 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. | |||||||||
Concentration Risk, Credit Risk, Policy [Policy Text Block] | ' | ||||||||
d. Concentration of Risk | |||||||||
For the three and six months ended June 30, 2014, one automotive original equipment manufacturer (“OEM”) customer within the Catalyst segment accounted for 43% and 42%, respectively, of the Company’s revenues. This customer accounted for 41% of the Company’s revenues for the three and six months ended June 30, 2013. This customer accounted for 31% and 24% of the Company’s accounts receivable at June 30, 2014 and December 31, 2013, respectively. Another customer accounted for 10% of the Company’s accounts receivable at June 30, 2014. No other customers accounted for 10% or more of the Company’s revenues or accounts receivable for these periods. | |||||||||
For the periods presented below, certain vendors accounted for 10% or more of the Company’s raw material purchases as follows: | |||||||||
Three Months Ended | Six Months Ended | ||||||||
June 30, | June 30, | ||||||||
Vendor | 2014 | 2013 | 2014 | 2013 | |||||
A | 7% | 17% | 17% | 15% | |||||
B | 19% | 20% | 24% | 18% | |||||
C | 10% | 8% | 10% | 13% | |||||
D | 12% | 12% | 13% | 13% | |||||
Vendor A above is a catalyst supplier, vendors B and D above are substrate suppliers and vendor C is a rare earth materials supplier. | |||||||||
Earnings Per Share, Policy [Policy Text Block] | ' | ||||||||
e. 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 restricted share units (“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 three and six months ended June 30, 2014 and 2013, 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. Potentially dilutive common stock equivalents excluded were 2.3 million shares during each of the three months ended June 30 2014 and 2013. Potentially dilutive common stock equivalents excluded were 2.1 million and 2.2 million shares during the six months ended June 30 2014 and 2013, respectively. | |||||||||
Fair Value Measurement, Policy [Policy Text Block] | ' | ||||||||
f. Fair Value Measurements | |||||||||
The Company measures certain financial assets and liabilities at fair value in accordance with a hierarchy which requires an entity to maximize the use of observable inputs which reflect market data obtained from independent sources and minimize the use of unobservable inputs. There are three levels of inputs that may be used to measure fair value: | |||||||||
· 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. See Note 10 for further information on these liability-classified warrants. The valuation inputs hierarchy classification for the warrant liability measured at fair value on a recurring basis is summarized as follows (in thousands): | |||||||||
Warrant liability | Level 1 | Level 2 | Level 3 | ||||||
As of June 30, 2014 | - | - | $ | 1,647 | |||||
As of December 31, 2013 | - | - | $ | 939 | |||||
The following is a reconciliation of the warrant liability measured at fair value using Level 3 inputs (in thousands): | |||||||||
Six Months Ended | |||||||||
June 30, | |||||||||
2014 | 2013 | ||||||||
Balance at beginning of period | $ | 939 | $ | 10 | |||||
Issuance of common stock warrants | 1,531 | - | |||||||
Exercise of common stock warrants | -2,505 | - | |||||||
Remeasurement of common stock warrants | 1,682 | -6 | |||||||
Balance at end of period | $ | 1,647 | $ | 4 | |||||
Fair Value of Financial Instruments, Policy [Policy Text Block] | ' | ||||||||
g. Fair Value of Financial Instruments | |||||||||
Accounting Standards Codification (“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 calculated using level 3 inputs, using a Black-Scholes option-pricing model to value the debt’s conversion factor and a net present value model was $7.5 million at June 30, 2014 and December 31, 2013. | |||||||||
Reclassification, Policy [Policy Text Block] | ' | ||||||||
h. 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] | ' | ||||||||
i. Recent Accounting Pronouncements | |||||||||
In April 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2014-08, "Presentation of Financial Statements (Topic 205) and Property, Plant, and Equipment (Topic 360): Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity." ASU 2014-08 raises the threshold for a disposal to qualify as a discontinued operation and requires new disclosures of both discontinued operations and certain other disposals that do not meet the definition of a discontinued operation. It is effective for annual periods beginning on or after December 15, 2014. Early adoption is permitted but only for disposals that have not been reported in financial statements previously issued. The Company does not expect the impact of the adoption of ASU 2014-08 to be material to its consolidated financial statements. | |||||||||
In May 2014, the FASB issued ASU No. 2014-09, "Revenue from Contracts with Customers." ASU 2014-09 supersedes the revenue recognition requirements in "Revenue Recognition (Topic 605)", and requires entities to recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled to in exchange for those goods or services. ASU 2014-09 is effective for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period. Early adoption is not permitted. The Company is currently in the process of evaluating the impact of the adoption of ASU 2014-09 on its consolidated financial statements. |
Summary_of_Significant_Account1
Summary of Significant Accounting Policies (Tables) | 6 Months Ended | ||||||||
Jun. 30, 2014 | |||||||||
Summary of Significant Accounting Policies (Tables) [Line Items] | ' | ||||||||
Fair Value, Liabilities Measured on Recurring Basis [Table Text Block] | ' | ||||||||
Warrant liability | Level 1 | Level 2 | Level 3 | ||||||
As of June 30, 2014 | - | - | $ | 1,647 | |||||
As of December 31, 2013 | - | - | $ | 939 | |||||
Schedule Of Reconciliation Of Warrants Liability Table Text Block | ' | ||||||||
Six Months Ended | |||||||||
June 30, | |||||||||
2014 | 2013 | ||||||||
Balance at beginning of period | $ | 939 | $ | 10 | |||||
Issuance of common stock warrants | 1,531 | - | |||||||
Exercise of common stock warrants | -2,505 | - | |||||||
Remeasurement of common stock warrants | 1,682 | -6 | |||||||
Balance at end of period | $ | 1,647 | $ | 4 | |||||
Supplier Concentration Risk [Member] | ' | ||||||||
Summary of Significant Accounting Policies (Tables) [Line Items] | ' | ||||||||
Schedules of Concentration of Risk, by Risk Factor [Table Text Block] | ' | ||||||||
Three Months Ended | Six Months Ended | ||||||||
June 30, | June 30, | ||||||||
Vendor | 2014 | 2013 | 2014 | 2013 | |||||
A | 7% | 17% | 17% | 15% | |||||
B | 19% | 20% | 24% | 18% | |||||
C | 10% | 8% | 10% | 13% | |||||
D | 12% | 12% | 13% | 13% |
Inventories_Tables
Inventories (Tables) | 6 Months Ended | |||||
Jun. 30, 2014 | ||||||
Inventory Disclosure [Abstract] | ' | |||||
Schedule of Inventory, Current [Table Text Block] | ' | |||||
June 30, | December 31, | |||||
2014 | 2013 | |||||
Raw materials | $ | 3,191 | $ | 2,782 | ||
Work in process | 1,093 | 1,039 | ||||
Finished goods | 2,392 | 2,098 | ||||
Inventories | $ | 6,676 | $ | 5,919 |
Goodwill_and_Intangible_Assets1
Goodwill and Intangible Assets (Tables) | 6 Months Ended | |||||||
Jun. 30, 2014 | ||||||||
Goodwill and Intangible Assets Disclosure [Abstract] | ' | |||||||
Schedule of Goodwill [Table Text Block] | ' | |||||||
Balance at December 31, 2013 | $ | 5,870 | ||||||
Effect of translation adjustment | -22 | |||||||
Balance at June 30, 2014 | $ | 5,848 | ||||||
Schedule of Finite-Lived Intangible Assets [Table Text Block] | ' | |||||||
Useful Life | June 30, | December 31, | ||||||
in Years | 2014 | 2013 | ||||||
Trade name | 15 - 20 | $ | 1,353 | $ | 1,352 | |||
Patents and know-how | 12-May | 4,822 | 4,814 | |||||
Customer relationships | 8-Apr | 1,214 | 1,224 | |||||
Intangible assets, Gross | 7,389 | 7,390 | ||||||
Less accumulated amortization | -4,217 | -3,882 | ||||||
Intangible assets, Net | $ | 3,172 | $ | 3,508 | ||||
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block] | ' | |||||||
Years ending December 31: | ||||||||
Remainder of 2014 | $ | 338 | ||||||
2015 | $ | 671 | ||||||
2016 | $ | 525 | ||||||
2017 | $ | 513 | ||||||
2018 | $ | 169 |
Accrued_Expenses_and_Other_Cur1
Accrued Expenses and Other Current Liabilities (Tables) | 6 Months Ended | |||||
Jun. 30, 2014 | ||||||
Accrued Expenses And Other Current Liabilities [Abstract] | ' | |||||
Schedule of Accrued Expenses and Other Current Liabilities [Table Text Block] | ' | |||||
June 30, | December 31, | |||||
2014 | 2013 | |||||
Accrued salaries and benefits | $ | 1,134 | $ | 1,232 | ||
Warrant liability | 1,647 | 939 | ||||
Liability for consigned precious metals | 478 | 832 | ||||
Accrued legal settlement and related expenses | - | 616 | ||||
Accrued severance and other charges | 254 | 530 | ||||
Accrued warranty | 485 | 453 | ||||
Other | 1,688 | 1,400 | ||||
Accrued expenses and other current liabilities | $ | 5,686 | $ | 6,002 |
Severance_and_Other_Charges_Ta
Severance and Other Charges (Tables) | 6 Months Ended | |||||||||||
Jun. 30, 2014 | ||||||||||||
Restructuring and Related Activities [Abstract] | ' | |||||||||||
Restructuring and Related Costs [Table Text Block] | ' | |||||||||||
Three Months Ended | Six Months Ended | |||||||||||
June 30, | June 30, | |||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||
Employee severance expense | $ | 23 | $ | 51 | $ | 69 | $ | 62 | ||||
Lease exit costs | - | - | 43 | - | ||||||||
Legal settlements | - | - | 265 | - | ||||||||
Total severance and other charges | $ | 23 | $ | 51 | $ | 377 | $ | 62 | ||||
Schedule of Restructuring Reserve by Type of Cost [Table Text Block] | ' | |||||||||||
Lease Exit | ||||||||||||
Severance | Costs | Total | ||||||||||
Accrual at December 31, 2013 | $ | 530 | $ | - | $ | 530 | ||||||
Provision in 2014 | 69 | 43 | 112 | |||||||||
Payments and other settlements in 2014 | -364 | -23 | -387 | |||||||||
Translation adjustment | -1 | - | -1 | |||||||||
Accrual at June 30, 2014 | $ | 234 | $ | 20 | $ | 254 |
Accrued_Warranty_Tables
Accrued Warranty (Tables) | 6 Months Ended | |||||
Jun. 30, 2014 | ||||||
Product Warranties Disclosures [Abstract] | ' | |||||
Schedule of Product Warranty Liability [Table Text Block] | ' | |||||
Six Months Ended | ||||||
June 30, | ||||||
2014 | 2013 | |||||
Balance at beginning of period | $ | 453 | $ | 665 | ||
Accrued warranty expense | 363 | 317 | ||||
Warranty claims paid | -338 | -400 | ||||
Translation adjustment | 7 | -43 | ||||
Balance at end of period | $ | 485 | $ | 539 |
Debt_Tables
Debt (Tables) | 6 Months Ended | |||||
Jun. 30, 2014 | ||||||
Debt Disclosure [Abstract] | ' | |||||
Schedule of Debt [Table Text Block] | ' | |||||
June 30, | December 31, | |||||
2014 | 2013 | |||||
Line of credit with FGI | $ | 3,432 | $ | 2,258 | ||
$1.5 million, 8% shareholder note due 2015 | 1,607 | 1,586 | ||||
$3.0 million, 8% subordinated convertible shareholder notes due 2016 | 3,000 | 3,000 | ||||
$3.0 million, 8% shareholder note due 2015 | 2,975 | 2,963 | ||||
Debt, Total | 11,014 | 9,807 | ||||
Less current portion | -5,039 | -2,258 | ||||
Long-term debt, net of current portion | $ | 5,975 | $ | 7,549 |
Warrants_Tables
Warrants (Tables) | 6 Months Ended | ||||||
Jun. 30, 2014 | |||||||
Warrants (Tables) [Line Items] | ' | ||||||
Schedule of Sharebased Compensation Warrants Activity [Table Text Block] | ' | ||||||
Weighted | |||||||
Average | |||||||
Exercise | Range of | ||||||
Shares | Price | Exercise Prices | |||||
Outstanding at December 31, 2013 | 1,139,535 | $ | 1.68 | $1.25 - $10.40 | |||
Warrants issued | 812,000 | $ | 4.2 | $4.20 | |||
Warrants exercised | -800,000 | $ | 1.25 | $1.25 | |||
Outstanding at June 30, 2014 | 1,151,535 | $ | 3.76 | $1.25 - $10.40 | |||
Warrants exercisable at June 30, 2014 | 319,535 | $ | 3.03 | $1.25 - $10.40 | |||
Schedule of Share Based Payment Award Warrants Valuation Assumptions [Table Text Block] | ' | ||||||
June 30, | April 4, | ||||||
2014 | 2014 | ||||||
Warrants valued | 812,000 | 812,000 | |||||
CDTi stock price | $ | 2.71 | $ | 2.95 | |||
Strike price | $ | 4.2 | $ | 4.2 | |||
Expected volatility | 84.50% | 84.90% | |||||
Risk-free interest rate | 1.70% | 1.90% | |||||
Dividend yield | ─ | ─ | |||||
Expected life in years | 5.3 | 5.5 | |||||
Monte Carlo Simulation Model [Member] | ' | ||||||
Warrants (Tables) [Line Items] | ' | ||||||
Schedule of Share Based Payment Award Warrants Valuation Assumptions [Table Text Block] | ' | ||||||
June 30, | December 31, | ||||||
2014 | 2013 | ||||||
Warrants valued | 159,000 | 959,000 | |||||
CDTi stock price | $ | 2.71 | $ | 1.51 | |||
Strike price | $ | 1.25 | $ | 1.25 | |||
Expected volatility | 76.50% | 73.60% | |||||
Risk-free interest rate | 1.30% | 1.80% | |||||
Dividend yield | ─ | ─ | |||||
Expected life in years | 4 | 4.5 |
StockBased_Compensation_Tables
Stock-Based Compensation (Tables) | 6 Months Ended | |||||||||
Jun. 30, 2014 | ||||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ' | |||||||||
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block] | ' | |||||||||
Options | Weighted | Weighted Average Remaining Contractual Term | Aggregate | |||||||
Average | (in years) | Intrinsic | ||||||||
Exercise | Value | |||||||||
Price | (thousands) | |||||||||
Outstanding at December 31, 2013 | 714,712 | $ | 7.17 | |||||||
Exercised | -97,172 | $ | 2.83 | |||||||
Cancelled | -79,504 | $ | 2.83 | |||||||
Outstanding at June 30, 2014 | 538,036 | $ | 8.59 | 6.9 | $ | 16 | ||||
Exercisable at June 30, 2014 | 459,171 | $ | 9.56 | 6.8 | $ | 11 | ||||
Schedule of Nonvested Restricted Stock Units Activity [Table Text Block] | ' | |||||||||
Shares | Weighted | |||||||||
Average | ||||||||||
Grant Date | ||||||||||
Fair Value | ||||||||||
Nonvested at December 31, 2013 (1) | 285,558 | $ | 2.35 | |||||||
Granted | 396,990 | $ | 2.97 | |||||||
Vested | -91,090 | $ | 2.57 | |||||||
Forfeited | -128,575 | $ | 2.25 | |||||||
Nonvested units at June 30, 2014 | 462,883 | $ | 2.87 | |||||||
(1) Includes 26,638 RSUs vested and unissued |
Segment_Reporting_and_Geograph1
Segment Reporting and Geographic Information (Tables) | 6 Months Ended | ||||||||||||
Jun. 30, 2014 | |||||||||||||
Segment Reporting [Abstract] | ' | ||||||||||||
Schedule of Segment Reporting Information, by Segment [Table Text Block] | ' | ||||||||||||
Three Months Ended | Six Months Ended | ||||||||||||
June 30, | June 30, | ||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||
Revenues | |||||||||||||
Heavy Duty Diesel Systems | $ | 7,018 | $ | 7,109 | $ | 14,176 | $ | 14,393 | |||||
Catalyst | 6,289 | 6,296 | 12,100 | 12,752 | |||||||||
Corporate | - | - | - | - | |||||||||
Eliminations (1) | -716 | -850 | -1,223 | -1,283 | |||||||||
Total | $ | 12,591 | $ | 12,555 | $ | 25,053 | $ | 25,862 | |||||
(Loss) income from operations | |||||||||||||
Heavy Duty Diesel Systems | $ | 660 | $ | -81 | $ | 938 | $ | -418 | |||||
Catalyst | 361 | 132 | 583 | 253 | |||||||||
Corporate | -1,591 | -1,259 | -3,524 | -3,076 | |||||||||
Eliminations (1) | 10 | 39 | -10 | 78 | |||||||||
Total | $ | -560 | $ | -1,169 | $ | -2,013 | $ | -3,163 | |||||
(1) Elimination of Catalyst revenue and profit in ending inventory related to sales to Heavy Duty Diesel Systems. | |||||||||||||
Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas [Table Text Block] | ' | ||||||||||||
Three Months Ended | Six Months Ended | ||||||||||||
June 30, | June 30, | ||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||
United States | $ | 6,584 | $ | 6,458 | $ | 12,881 | $ | 13,426 | |||||
Canada | 4,705 | 4,847 | 9,732 | 9,683 | |||||||||
Europe | 1,302 | 1,250 | 2,440 | 2,753 | |||||||||
Total international | 6,007 | 6,097 | 12,172 | 12,436 | |||||||||
Total revenues | $ | 12,591 | $ | 12,555 | $ | 25,053 | $ | 25,862 |
Organization_Details
Organization (Details) (USD $) | 0 Months Ended | 6 Months Ended | 0 Months Ended | 0 Months Ended | 6 Months Ended | ||||||||||||
Jul. 03, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | 15-May-12 | Apr. 04, 2014 | Jul. 03, 2013 | Apr. 04, 2014 | Apr. 04, 2014 | Jul. 03, 2013 | Jun. 30, 2014 | Jul. 03, 2013 | Jun. 30, 2014 | Jun. 30, 2014 | 6-May-11 | Apr. 11, 2011 | |
Shelf Registration [Member] | Shelf Registration [Member] | Shelf Registration [Member] | Shelf Registration [Member] | Shelf Registration [Member] | Shelf Registration [Member] | Common Stock [Member] | Line Of Credit With FGI [Member] | 8% Subordinated Convertible Shareholder Notes Due 2016 [Member] | 8% Subordinated Convertible Shareholder Notes Due 2016 [Member] | 8% Subordinated Convertible Shareholder Notes Due 2016 [Member] | |||||||
Common Stock [Member] | Common Stock [Member] | Subsequent Event [Member] | |||||||||||||||
Organization (Details) [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Retained Earnings (Accumulated Deficit) | ' | ($186,744,000) | ' | ($181,719,000) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Line of Credit Facility, Maximum Borrowing Capacity | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 7,500,000 | ' | ' | ' |
Line of Credit Facility, Amount Outstanding | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3,400,000 | ' | ' | ' |
Line of Credit Facility, Current Borrowing Capacity | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4,100,000 | ' | ' | ' |
Shelf Registration Authorized Amount | ' | ' | ' | ' | ' | 50,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Shelf Registartion Public Float Threshold | ' | ' | ' | ' | ' | 75,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Shelf Registration Units Sold | 1,730,000 | ' | ' | ' | ' | ' | ' | ' | 2,030,000 | ' | ' | ' | ' | ' | ' | ' | ' |
Shelf Registration Unit Price | 1.25 | ' | ' | ' | ' | ' | ' | ' | ' | 3.4 | ' | ' | ' | ' | ' | ' | ' |
Shelf Registration Units Sold Share Component Per Unit | ' | ' | ' | ' | ' | ' | 1 | ' | ' | ' | ' | ' | 1 | ' | ' | ' | ' |
Class of Warrant or Right, Number of Securities Called by Each Warrant or Right | ' | ' | ' | ' | ' | ' | 1 | 1 | ' | ' | 1.25 | ' | ' | ' | ' | ' | ' |
Proceeds From Issuance Of Common Stock And Warrants | ' | ' | ' | ' | ' | ' | 6,100,000 | ' | ' | ' | 1,700,000 | ' | ' | ' | ' | ' | ' |
Warrants Exercised During the Period | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 800,000 | ' | ' | ' | ' | ' |
Class of Warrant or Right, Exercise Price of Warrants or Rights | ' | ' | ' | ' | ' | ' | $4.20 | ' | ' | ' | ' | $1.25 | ' | ' | ' | ' | ' |
Proceeds from Warrant Exercises | ' | 1,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,000,000 | ' | ' | ' | ' | ' |
Debt Instrument, Interest Rate, Stated Percentage | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 8.00% | 8.00% | 8.00% |
Cash | ' | $8,558,000 | $3,164,000 | $3,909,000 | $6,878,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Summary_of_Significant_Account2
Summary of Significant Accounting Policies (Details) (USD $) | 3 Months Ended | 6 Months Ended | 3 Months Ended | 6 Months Ended | 12 Months Ended | 6 Months Ended | ||||||||
In Millions, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Dec. 31, 2014 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 |
OEM Customer [Member] | OEM Customer [Member] | Catalyst [Member] | Catalyst [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Inputs, Level 3 [Member] | Sales Revenue, Net [Member] | Supplier Concentration Risk [Member] | Minimum [Member] | Maximum [Member] | |||||
Catalyst [Member] | Catalyst [Member] | Accounts Receivable [Member] | Accounts Receivable [Member] | Shareholder Notes Payable Noncurrent [Member] | Shareholder Notes Payable Noncurrent [Member] | |||||||||
Customer Concentration Risk [Member] | Customer Concentration Risk [Member] | Customer Concentration Risk [Member] | Customer Concentration Risk [Member] | |||||||||||
Summary of Significant Accounting Policies (Details) [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Equity Method Investment, Ownership Percentage | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 20.00% | 50.00% |
Cost Method Investment Ownership Percentage Description | ' | ' | '20% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Concentration Risk, Percentage | ' | ' | ' | ' | 43.00% | 42.00% | 31.00% | 24.00% | ' | ' | 41.00% | 10.00% | ' | ' |
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in Shares) | 2.3 | 2.3 | 2.1 | 2.2 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Notes Payable, Fair Value Disclosure (in Dollars) | ' | ' | ' | ' | ' | ' | ' | ' | $7.50 | $7.50 | ' | ' | ' | ' |
Summary_of_Significant_Account3
Summary of Significant Accounting Policies (Details) - Concentration of risk raw materials purchases | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | |
Vendor B [Member] | ' | ' | ' | ' |
Concentration Risk [Line Items] | ' | ' | ' | ' |
Purchase Of Raw Material, Concentration of Risk, Percentage | 7.00% | 17.00% | 17.00% | 15.00% |
Vendor A [Member] | ' | ' | ' | ' |
Concentration Risk [Line Items] | ' | ' | ' | ' |
Purchase Of Raw Material, Concentration of Risk, Percentage | 19.00% | 20.00% | 24.00% | 18.00% |
Vendor C [Member] | ' | ' | ' | ' |
Concentration Risk [Line Items] | ' | ' | ' | ' |
Purchase Of Raw Material, Concentration of Risk, Percentage | 10.00% | 8.00% | 10.00% | 13.00% |
Vendor D [Member] | ' | ' | ' | ' |
Concentration Risk [Line Items] | ' | ' | ' | ' |
Purchase Of Raw Material, Concentration of Risk, Percentage | 12.00% | 12.00% | 13.00% | 13.00% |
Summary_of_Significant_Account4
Summary of Significant Accounting Policies (Details) - Valuation inputs hierarchy classification for the warrant liability measured at fair value on a recurring basis (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Fair Value, Inputs, Level 1 [Member] | ' | ' |
Summary of Significant Accounting Policies (Details) - Valuation inputs hierarchy classification for the warrant liability measured at fair value on a recurring basis [Line Items] | ' | ' |
Warrant liability | ' | ' |
Fair Value, Inputs, Level 2 [Member] | ' | ' |
Summary of Significant Accounting Policies (Details) - Valuation inputs hierarchy classification for the warrant liability measured at fair value on a recurring basis [Line Items] | ' | ' |
Warrant liability | ' | ' |
Fair Value, Inputs, Level 3 [Member] | ' | ' |
Summary of Significant Accounting Policies (Details) - Valuation inputs hierarchy classification for the warrant liability measured at fair value on a recurring basis [Line Items] | ' | ' |
Warrant liability | $1,647 | $939 |
Summary_of_Significant_Account5
Summary of Significant Accounting Policies (Details) - Reconciliation of the warrant liability measured at fair value using Level 3 inputs (USD $) | 6 Months Ended | |
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 |
Summary of Significant Accounting Policies (Details) - Reconciliation of the warrant liability measured at fair value using Level 3 inputs [Line Items] | ' | ' |
Balance at beginning of period | $939 | ' |
Exercise of common stock warrants | 2,500 | ' |
Remeasurement of common stock warrants | 1,682 | -6 |
Balance at end of period | 1,647 | ' |
Warrant [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' |
Summary of Significant Accounting Policies (Details) - Reconciliation of the warrant liability measured at fair value using Level 3 inputs [Line Items] | ' | ' |
Balance at beginning of period | 939 | 10 |
Issuance of common stock warrants | 1,531 | ' |
Exercise of common stock warrants | -2,505 | ' |
Remeasurement of common stock warrants | 1,682 | -6 |
Balance at end of period | $1,647 | $4 |
Inventories_Details_Inventorie
Inventories (Details) - Inventories (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Inventories [Abstract] | ' | ' |
Raw materials | $3,191 | $2,782 |
Work in process | 1,093 | 1,039 |
Finished goods | 2,392 | 2,098 |
Inventories | $6,676 | $5,919 |
Goodwill_and_Intangible_Assets2
Goodwill and Intangible Assets (Details) (USD $) | 3 Months Ended | |
In Millions, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 |
Goodwill and Intangible Assets Disclosure [Abstract] | ' | ' |
Amortization of Intangible Assets | $0.20 | $0.40 |
Goodwill_and_Intangible_Assets3
Goodwill and Intangible Assets (Details) - Changes in carrying amount of goodwill (USD $) | 6 Months Ended | |
In Thousands, unless otherwise specified | Jun. 30, 2014 | Dec. 31, 2013 |
Changes in carrying amount of goodwill [Abstract] | ' | ' |
Balance | $5,848 | $5,870 |
Effect of translation adjustment | ($22) | ' |
Goodwill_and_Intangible_Assets4
Goodwill and Intangible Assets (Details) - Components of Intangible assets (USD $) | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Jun. 30, 2014 |
In Thousands, unless otherwise specified | Trade Names [Member] | Trade Names [Member] | Trade Names [Member] | Trade Names [Member] | Patents [Member] | Patents [Member] | Patents [Member] | Patents [Member] | Customer Relationships [Member] | Customer Relationships [Member] | Customer Relationships [Member] | Customer Relationships [Member] | ||
Maximum [Member] | Minimum [Member] | Maximum [Member] | Minimum [Member] | Maximum [Member] | Minimum [Member] | |||||||||
Finite-Lived Intangible Assets [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Useful Life | ' | ' | ' | ' | '15 years | '20 years | ' | ' | '5 years | '12 years | ' | ' | '4 years | '8 years |
Intangible assets, Gross | $7,389 | $7,390 | $1,353 | $1,352 | ' | ' | $4,822 | $4,814 | ' | ' | $1,214 | $1,224 | ' | ' |
Less accumulated amortization | -4,217 | -3,882 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Intangible assets, Net | $3,172 | $3,508 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Goodwill_and_Intangible_Assets5
Goodwill and Intangible Assets (Details) - Estimated amortization expense for existing intangible assets (USD $) | Jun. 30, 2014 |
In Thousands, unless otherwise specified | |
Estimated amortization expense for existing intangible assets [Abstract] | ' |
Remainder of 2014 | $338 |
2015 | 671 |
2016 | 525 |
2017 | 513 |
2018 | $169 |
Accrued_Expenses_and_Other_Cur2
Accrued Expenses and Other Current Liabilities (Details) - Accrued expenses and other current liabilities (USD $) | Jun. 30, 2014 | Dec. 31, 2013 | Dec. 30, 2013 | Jun. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | |||||
Accrued expenses and other current liabilities [Abstract] | ' | ' | ' | ' | ' |
Accrued salaries and benefits | $1,134 | $1,232 | ' | ' | ' |
Warrant liability | 1,647 | 939 | ' | ' | ' |
Liability for consigned precious metals | 478 | 832 | ' | ' | ' |
Accrued legal settlement and related expenses | ' | 616 | ' | ' | ' |
Accrued severance and other charges | 254 | 530 | 530 | ' | ' |
Accrued warranty | 485 | 453 | ' | 539 | 665 |
Other | 1,688 | 1,400 | ' | ' | ' |
Accrued expenses and other current liabilities | $5,686 | $6,002 | ' | ' | ' |
Severance_and_Other_Charges_De
Severance and Other Charges (Details) (USD $) | 3 Months Ended | 0 Months Ended | 12 Months Ended | |||
In Millions, except Share data, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2014 | Mar. 13, 2014 | Jun. 30, 2014 | Dec. 31, 2013 | Dec. 31, 2013 |
Common Stock [Member] | Administrative Complaint By Former CFO [Member] | Administrative Complaint By Former CFO [Member] | Administrative Complaint By Former CFO [Member] | Legal Settlement [Member] | ||
Administrative Complaint By Former CFO [Member] | ||||||
Severance and Other Charges (Details) [Line Items] | ' | ' | ' | ' | ' | ' |
Litigation Settlement, Amount | ' | ' | $0.40 | ' | ' | ' |
Litigation Settlement Shares Issuable (in Shares) | ' | ' | 75,000 | ' | ' | ' |
Estimated Litigation Liability | ' | ' | ' | 0.6 | 0.6 | ' |
Legal Fees | ' | ' | ' | ' | ' | 0.1 |
Equity, Fair Value Adjustment | ' | 0.1 | ' | ' | ' | ' |
Payments for Legal Settlements | $0.10 | ' | ' | ' | ' | ' |
Severance_and_Other_Charges_De1
Severance and Other Charges (Details) - Severance and Other Charges Costs (USD $) | 3 Months Ended | 6 Months Ended | ||
In Thousands, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 | Jun. 30, 2014 | Jun. 30, 2013 |
Restructuring Cost and Reserve [Line Items] | ' | ' | ' | ' |
Total severance and other charges | $23 | $51 | $377 | $62 |
Employee Severance [Member] | ' | ' | ' | ' |
Restructuring Cost and Reserve [Line Items] | ' | ' | ' | ' |
Total severance and other charges | 23 | 51 | 69 | 62 |
Contract Termination [Member] | ' | ' | ' | ' |
Restructuring Cost and Reserve [Line Items] | ' | ' | ' | ' |
Total severance and other charges | ' | ' | 43 | ' |
Legal Settlement [Member] | ' | ' | ' | ' |
Restructuring Cost and Reserve [Line Items] | ' | ' | ' | ' |
Total severance and other charges | ' | ' | $265 | ' |
Severance_and_Other_Charges_De2
Severance and Other Charges (Details) - Company`s accrual for severance and other charges (USD $) | 6 Months Ended | |
In Thousands, unless otherwise specified | Jun. 30, 2014 | Dec. 30, 2013 |
Severance and Other Charges (Details) - Company`s accrual for severance and other charges [Line Items] | ' | ' |
Accrual at December 31, 2013 | $530 | $530 |
Provision in 2014 | 112 | ' |
Payments and other settlements in 2014 | -387 | ' |
Translation adjustment | -1 | ' |
Accrual at June 30, 2014 | 254 | 530 |
Employee Severance [Member] | ' | ' |
Severance and Other Charges (Details) - Company`s accrual for severance and other charges [Line Items] | ' | ' |
Accrual at December 31, 2013 | ' | 530 |
Provision in 2014 | 69 | ' |
Payments and other settlements in 2014 | -364 | ' |
Translation adjustment | -1 | ' |
Accrual at June 30, 2014 | 234 | 530 |
Contract Termination [Member] | ' | ' |
Severance and Other Charges (Details) - Company`s accrual for severance and other charges [Line Items] | ' | ' |
Accrual at December 31, 2013 | ' | ' |
Provision in 2014 | 43 | ' |
Payments and other settlements in 2014 | -23 | ' |
Translation adjustment | ' | ' |
Accrual at June 30, 2014 | $20 | ' |
Accrued_Warranty_Details_Chang
Accrued Warranty (Details) - Changes in the Company’s product warranty reserve (USD $) | 6 Months Ended | |
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 |
Changes in the Company’s product warranty reserve [Abstract] | ' | ' |
Balance at beginning of period | $453 | $665 |
Accrued warranty expense | 363 | 317 |
Warranty claims paid | -338 | -400 |
Translation adjustment | 7 | -43 |
Balance at end of period | $485 | $539 |
Debt_Details
Debt (Details) (USD $) | 0 Months Ended | 0 Months Ended | 6 Months Ended | 6 Months Ended | ||||||
Jun. 30, 2013 | Jun. 30, 2013 | Jul. 27, 2012 | Jul. 27, 2012 | Dec. 30, 2010 | Jun. 30, 2014 | 6-May-11 | Apr. 11, 2011 | Jun. 30, 2014 | Jun. 30, 2014 | |
8% Shareholder Note Due 2015 [Member] | Scenario, Adjustment [Member] | 8% Shareholder Note Due 2015 [Member] | 8% Shareholder Note Due 2015 [Member] | 8% Shareholder Note Due 2015 [Member] | 8% Subordinated Convertible Shareholder Notes Due 2016 [Member] | 8% Subordinated Convertible Shareholder Notes Due 2016 [Member] | 8% Subordinated Convertible Shareholder Notes Due 2016 [Member] | FGI Facility [Member] | OEM Customer Inventory Borrowing [Member] | |
Scenario, Adjustment [Member] | 8% Shareholder Note Due 2015 [Member] | |||||||||
Debt (Details) [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Line of Credit Facility, Maximum Borrowing Capacity (in Dollars) | ' | ' | ' | ' | ' | ' | ' | ' | $7,500,000 | $200,000 |
Line of Credit Facility, Expiration Date | ' | ' | ' | ' | ' | ' | ' | ' | 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 (in Dollars) | ' | ' | ' | ' | ' | ' | ' | ' | 1,500,000 | ' |
Line of Credit Facility Inventory Collateral Sublimit 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 Stand by Fees Determination Threshold (in Dollars) | ' | ' | ' | ' | ' | ' | ' | ' | 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% | ' |
Pledged Assets Accounts Receivable Pledged as Collateral Gross Value (in Dollars) | ' | ' | ' | ' | ' | ' | ' | ' | 3,200,000 | ' |
Borrowings Outstanding Amount Against Pledged Accounts Receivable (in Dollars) | ' | ' | ' | ' | ' | ' | ' | ' | 2,600,000 | ' |
Borrowings Outstanding Amount Against Pleged Inventory (in Dollars) | ' | ' | ' | ' | ' | ' | ' | ' | 800,000 | ' |
Debt Instrument, Interest Rate, Stated Percentage | ' | ' | ' | 8.00% | 8.00% | 8.00% | 8.00% | 8.00% | ' | ' |
Debt Instrument, Face Amount (in Dollars) | ' | ' | ' | 3,000,000 | 1,500,000 | ' | 3,000,000 | ' | ' | ' |
Debt Instrument, Unamortized Premium (in Dollars) | ' | 250,000 | ' | ' | ' | ' | ' | ' | ' | ' |
Debt Instrument, Periodic Payment (in Dollars) | $100,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
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 Threshold Notice Period | ' | ' | ' | ' | ' | '75 days | ' | ' | ' | ' |
Debt Instrument, Convertible, Number of Equity Instruments | ' | ' | ' | ' | ' | 250,000 | ' | ' | ' | ' |
Debt Instrument, Convertible, Conversion Price (in Dollars per share) | ' | ' | ' | ' | ' | $4 | ' | ' | ' | ' |
Debt Instrument, Maturity Date | ' | ' | 27-Jul-15 | ' | ' | ' | ' | ' | ' | ' |
Debt_Details_Components_of_Deb
Debt (Details) - Components of Debt (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Debt (Details) - Components of Debt [Line Items] | ' | ' |
Line of credit with FGI | $3,432 | $2,258 |
Debt, Total | 11,014 | 9,807 |
Less current portion | -5,039 | -2,258 |
Long-term debt, net of current portion | 5,975 | 7,549 |
$1.5 Million, 8% Shareholder Note Due 2015 [Member] | ' | ' |
Debt (Details) - Components of Debt [Line Items] | ' | ' |
Shareholder note due 2015 | 1,607 | 1,586 |
$3.0 Million, 8% Subordinated Convertible Shareholder Notes Due 2016 [Member] | ' | ' |
Debt (Details) - Components of 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) - Components of Debt [Line Items] | ' | ' |
Shareholder note due 2015 | $2,975 | $2,963 |
Debt_Details_Components_of_Deb1
Debt (Details) - Components of Debt (Parentheticals) (USD $) | 6 Months Ended | 12 Months Ended |
Jun. 30, 2014 | Dec. 31, 2013 | |
$1.5 Million, 8% Shareholder Note Due 2015 [Member] | ' | ' |
Debt (Details) - Components of Debt (Parentheticals) [Line Items] | ' | ' |
Interest Rate, Stated Percentage | 8.00% | 8.00% |
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) - Components of 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) - Components of 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 |
Stockholders_Equity_Details
Stockholders' Equity (Details) (USD $) | 0 Months Ended | 6 Months Ended | 6 Months Ended | 0 Months Ended | 6 Months Ended | 6 Months Ended | ||||||||
Apr. 04, 2014 | Oct. 07, 2011 | Jun. 30, 2014 | Jun. 30, 2013 | 15-May-12 | Oct. 07, 2011 | Jun. 30, 2014 | Apr. 04, 2014 | Apr. 01, 2014 | Apr. 01, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | 15-May-12 | Jun. 30, 2014 | |
Offering [Member] | Offering [Member] | Offering [Member] | Placement Agent Agreement [Member] | Additional Paid-in Capital [Member] | Common Stock [Member] | Common Stock [Member] | Common Stock Including Additional Paid in Capital [Member] | |||||||
Stockholders' Equity (Details) [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Adjustments to Additional Paid in Capital, Other | ' | ' | $9,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Adjustments to Additional Paid in Capital, Proceeds from Public Offering and Exercise and Reclassification of Warrants | ' | ' | 8,200,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Stock Issued During Period, Value, New Issues | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4,700,000 | ' | ' | 4,600,000 |
Proceeds from Warrant Exercises | ' | ' | 1,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in Shares) | ' | ' | ' | ' | ' | ' | ' | ' | 812,000 | ' | ' | 800,000 | ' | ' |
Adjustments to Additional Paid in Capital, Warrant Issued | ' | ' | 2,500,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Shelf Registration Date of Filing | ' | ' | 15-May-12 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Shelf Registration Effective Date | ' | ' | 21-May-12 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Shelf Registration Authorized Amount | ' | ' | ' | ' | 50,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Shelf Registration, Sale of Units, Share Component Per Unit (in Shares) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1 | ' |
Shelf Registartion Public Float Threshold | ' | ' | ' | ' | 75,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Public Offering, Number of Shares Authorized to be Offered (in Shares) | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2,030,000 | ' | ' | ' | ' |
Public Offering, Number of Shares Issued (in Shares) | 2,030,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Public Offering, Units Sold, Price Per Unit | 3.4 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Public Offering, Share Component, Per Unit Sold (in Shares) | 1 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Public Offering, Warrant Component, Per Unit Sold | 0.4 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
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) | ' | ' | ' | ' | ' | ' | ' | $4.20 | ' | ' | ' | ' | ' | ' |
Gross Proceeds from Public Offering | 6,900,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Proceeds from Public Offering, Net of Discounts and Commissions and Expenses | 6,100,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Fair Value Adjustment of Warrants | ' | ' | 1,682,000 | -6,000 | ' | ' | 1,500,000 | ' | ' | ' | ' | ' | ' | ' |
Underwriting Expenses and Offering Costs Related to Offering Warrants | ' | ' | 200,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Stock Purchase Agreement Authorized Amount | ' | ' | ' | ' | ' | $10,000,000 | ' | ' | ' | ' | ' | ' | ' | ' |
Stock Purchase Agreement Period in Force | ' | '30 months | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Warrants_Details
Warrants (Details) (USD $) | 3 Months Ended | 6 Months Ended |
Jun. 30, 2014 | Jun. 30, 2014 | |
Warrants (Details) [Line Items] | ' | ' |
Adjustments to Additional Paid in Capital, Warrant Exercised | ' | $2,500,000 |
Warrant [Member] | ' | ' |
Warrants (Details) [Line Items] | ' | ' |
Other Nonoperating Income | 400,000 | ' |
Other Nonoperating Expense | ' | $1,700,000 |
Common Stock [Member] | ' | ' |
Warrants (Details) [Line Items] | ' | ' |
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in Shares) | 800,000 | 800,000 |
Warrants_Details_Warrant_activ
Warrants (Details) - Warrant activity (USD $) | 6 Months Ended | 12 Months Ended |
Jun. 30, 2014 | Dec. 31, 2013 | |
Warrants (Details) - Warrant activity [Line Items] | ' | ' |
Outstanding Shares (in Shares) | 1,151,535 | 1,139,535 |
Outstanding Weighted Average Exercise Price | $3.76 | $1.68 |
Warrants exercisable at June 30, 2014 (in Shares) | 319,535 | ' |
Warrants exercisable at June 30, 2014 | $3.03 | ' |
Warrants issued (in Shares) | 812,000 | ' |
Warrants issued | $4.20 | ' |
Warrants issued | $4.20 | ' |
Warrants exercised (in Shares) | -800,000 | ' |
Warrants exercised | $1.25 | ' |
Warrants exercised | $1.25 | ' |
Minimum [Member] | ' | ' |
Warrants (Details) - Warrant activity [Line Items] | ' | ' |
Outstanding Range of Exercise Price | $1.25 | $1.25 |
Warrants exercisable at June 30, 2014 | $1.25 | ' |
Maximum [Member] | ' | ' |
Warrants (Details) - Warrant activity [Line Items] | ' | ' |
Outstanding Range of Exercise Price | $10.40 | $10.40 |
Warrants exercisable at June 30, 2014 | $10.40 | ' |
Warrants_Details_Assumptions_i
Warrants (Details) - Assumptions in Black Scholes option-pricing model to estimate the fair value of the warrant liability (Black Scholes [Member], Warrant [Member], USD $) | 3 Months Ended | 6 Months Ended |
Apr. 04, 2014 | Jun. 30, 2014 | |
Black Scholes [Member] | Warrant [Member] | ' | ' |
Warrants (Details) - Assumptions in Black Scholes option-pricing model to estimate the fair value of the warrant liability [Line Items] | ' | ' |
Warrants valued (in Shares) | 812,000 | 812,000 |
CDTi stock price (in Dollars per share) | $2.95 | $2.71 |
Strike price (in Dollars per share) | $4.20 | $4.20 |
Expected volatility | 84.90% | 84.50% |
Risk-free interest rate | 1.90% | 1.70% |
Dividend yield | ' | ' |
Expected life in years | '5 years 6 months | '5 years 109 days |
Warrants_Details_Assumptions_i1
Warrants (Details) - Assumptions in Monte Carlo simulation model to estimate the fair value of the warrant liability (Monte Carlo Simulation Model [Member], Warrant [Member], USD $) | 6 Months Ended | 12 Months Ended |
Jun. 30, 2014 | Dec. 31, 2013 | |
Monte Carlo Simulation Model [Member] | Warrant [Member] | ' | ' |
Warrants (Details) - Assumptions in Monte Carlo simulation model to estimate the fair value of the warrant liability [Line Items] | ' | ' |
Warrants valued (in Shares) | 159,000 | 959,000 |
CDTi stock price (in Dollars per share) | $2.71 | $1.51 |
Strike price (in Dollars per share) | $1.25 | $1.25 |
Expected volatility | 76.50% | 73.60% |
Risk-free interest rate | 1.30% | 1.80% |
Dividend yield | ' | ' |
Expected life in years | '4 years | '4 years 6 months |
StockBased_Compensation_Detail
Stock-Based Compensation (Details) (USD $) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | |
Stock-Based Compensation (Details) [Line Items] | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant (in Shares) | 136,936 | ' | 136,936 | ' |
Share-based Compensation | $200,000 | $200,000 | $284,000 | $366,000 |
Employee Stock Option [Member] | ' | ' | ' | ' |
Stock-Based Compensation (Details) [Line Items] | ' | ' | ' | ' |
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Stock Options | 100,000 | ' | 100,000 | ' |
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition | ' | ' | '255 days | ' |
Restricted Stock Units (RSUs) [Member] | ' | ' | ' | ' |
Stock-Based Compensation (Details) [Line Items] | ' | ' | ' | ' |
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition | ' | ' | '2 years 73 days | ' |
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Share-based Awards Other than Options | $1,100,000 | ' | $1,100,000 | ' |
StockBased_Compensation_Detail1
Stock-Based Compensation (Details) - Stock option activity (USD $) | 6 Months Ended |
In Thousands, except Share data, unless otherwise specified | Jun. 30, 2014 |
Stock option activity [Abstract] | ' |
Outstanding at December 31, 2013 | 714,712 |
Outstanding at December 31, 2013 | $7.17 |
Exercised | -97,172 |
Exercised | $2.83 |
Cancelled | -79,504 |
Cancelled | $2.83 |
Outstanding at June 30, 2014 | 538,036 |
Outstanding at June 30, 2014 | $8.59 |
Outstanding at June 30, 2014 | '6 years 328 days |
Outstanding at June 30, 2014 | $16 |
Exercisable at June 30, 2014 | 459,171 |
Exercisable at June 30, 2014 | $9.56 |
Exercisable at June 30, 2014 | '6 years 292 days |
Exercisable at June 30, 2014 | $11 |
StockBased_Compensation_Detail2
Stock-Based Compensation (Details) - RSU activity (USD $) | 6 Months Ended |
Jun. 30, 2014 | |
RSU activity [Abstract] | ' |
Nonvested at December 31, 2013 (1) | 285,558 |
Nonvested at December 31, 2013 (1) | $2.35 |
Granted | 396,990 |
Granted | $2.97 |
Vested | -91,090 |
Vested | $2.57 |
Forfeited | -128,575 |
Forfeited | $2.25 |
Nonvested units at June 30, 2014 | 462,883 |
Nonvested units at June 30, 2014 | $2.87 |
Joint_Venture_Details
Joint Venture (Details) (Subsequent Event [Member], USD $) | 1 Months Ended |
In Millions, unless otherwise specified | Apr. 30, 2014 |
Subsequent Event [Member] | ' |
Joint Venture (Details) [Line Items] | ' |
Proceeds from Divestiture of Interest in Joint Venture | $0.10 |
Commitments_and_Contingencies_
Commitments and Contingencies (Details) (USD $) | 3 Months Ended | 0 Months Ended | 0 Months Ended | ||||||
In Millions, except Share data, unless otherwise specified | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Mar. 13, 2014 | Sep. 27, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jul. 21, 2014 | Dec. 31, 2013 |
JM [Member] | JM [Member] | Common Stock [Member] | Administrative Complaint By Former CFO [Member] | Administrative Complaint By Former CFO [Member] | Administrative Complaint By Former CFO [Member] | Administrative Complaint By Former CFO [Member] | Sales And Use Tax Audit [Member] | Sales And Use Tax Audit [Member] | |
Asset Purchase Agreement [Member] | Asset Purchase Agreement [Member] | Administrative Complaint By Former CFO [Member] | Subsequent Event [Member] | ||||||
Commitments and Contingencies (Details) [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' |
LossContingencyDamagesAwarded | ' | ' | ' | ' | '$1.9 | ' | ' | ' | ' |
Litigation Settlement, Amount | $0.90 | $0.20 | ' | $0.40 | ' | ' | ' | ' | ' |
Litigation Settlement Shares Issuable (in Shares) | ' | ' | ' | 75,000 | ' | ' | ' | ' | ' |
Estimated Litigation Liability | ' | ' | ' | ' | ' | 0.6 | 0.6 | ' | ' |
Equity, Fair Value Adjustment | ' | ' | 0.1 | ' | ' | ' | ' | ' | ' |
Loss Contingency, Range of Possible Loss, Maximum | ' | ' | ' | ' | ' | ' | ' | ' | $1.40 |
Loss Contingency, Actions Taken by Court, Arbitrator or Mediator | ' | ' | ' | ' | ' | ' | ' | 'The D&R's conclusion was that the basis for the calculation of the aforementioned $1.4 million tax due should be reduced from $12.2 million to $9.0 million | ' |
Segment_Reporting_and_Geograph2
Segment Reporting and Geographic Information (Details) | 6 Months Ended |
Jun. 30, 2014 | |
Segment Reporting [Abstract] | ' |
Number of Operating Segments | 2 |
Segment_Reporting_and_Geograph3
Segment Reporting and Geographic Information (Details) - Company`s reportable segments (USD $) | 3 Months Ended | 6 Months Ended | ||
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 |
Revenues | ' | ' | ' | ' |
Net sales | $12,591 | $12,555 | $25,053 | $25,862 |
(Loss) income from operations | ' | ' | ' | ' |
Income (loss) from operations | -560 | -1,169 | -2,013 | -3,163 |
Operating Segments [Member] | Heavy Duty Diesel Systems [Member] | ' | ' | ' | ' |
Revenues | ' | ' | ' | ' |
Net sales | 7,018 | 7,109 | 14,176 | 14,393 |
(Loss) income from operations | ' | ' | ' | ' |
Income (loss) from operations | 660 | -81 | 938 | -418 |
Operating Segments [Member] | Catalyst [Member] | ' | ' | ' | ' |
Revenues | ' | ' | ' | ' |
Net sales | 6,289 | 6,296 | 12,100 | 12,752 |
(Loss) income from operations | ' | ' | ' | ' |
Income (loss) from operations | 361 | 132 | 583 | 253 |
Operating Segments [Member] | Corporate Segment [Member] | ' | ' | ' | ' |
Revenues | ' | ' | ' | ' |
Net sales | ' | ' | ' | ' |
(Loss) income from operations | ' | ' | ' | ' |
Income (loss) from operations | -1,591 | -1,259 | -3,524 | -3,076 |
Intersegment Eliminations [Member] | ' | ' | ' | ' |
Revenues | ' | ' | ' | ' |
Net sales | -716 | -850 | -1,223 | -1,283 |
(Loss) income from operations | ' | ' | ' | ' |
Income (loss) from operations | $10 | $39 | ($10) | $78 |
Segment_Reporting_and_Geograph4
Segment Reporting and Geographic Information (Details) - Net sales by geographic region (USD $) | 3 Months Ended | 6 Months Ended | ||
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 |
Revenues from External Customers and Long-Lived Assets [Line Items] | ' | ' | ' | ' |
Net Sales | $12,591 | $12,555 | $25,053 | $25,862 |
United States [Member] | ' | ' | ' | ' |
Revenues from External Customers and Long-Lived Assets [Line Items] | ' | ' | ' | ' |
Net Sales | 6,584 | 6,458 | 12,881 | 13,426 |
Canada [Member] | ' | ' | ' | ' |
Revenues from External Customers and Long-Lived Assets [Line Items] | ' | ' | ' | ' |
Net Sales | 4,705 | 4,847 | 9,732 | 9,683 |
Europe [Member] | ' | ' | ' | ' |
Revenues from External Customers and Long-Lived Assets [Line Items] | ' | ' | ' | ' |
Net Sales | 1,302 | 1,250 | 2,440 | 2,753 |
International [Member] | ' | ' | ' | ' |
Revenues from External Customers and Long-Lived Assets [Line Items] | ' | ' | ' | ' |
Net Sales | $6,007 | $6,097 | $12,172 | $12,436 |
Subsequent_Event_Details
Subsequent Event (Details) (Subsequent Event [Member], USD $) | 0 Months Ended |
Jul. 31, 2014 | |
Subsequent Event [Member] | ' |
Subsequent Event (Details) [Line Items] | ' |
Subsequent Event, Date | 31-Jul-14 |
Supplemental Unemployment Benefits, Salary Continuation | $310,000 |
Supplemental Unemployment Benefits, Other Postemployment | $27,125 |