Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

v2.4.1.9
Consolidated Statements of Cash Flows (USD $)
 12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Cash Flows from Operating Activities:      
Net loss $ (5,180,000)us-gaap_NetIncomeLoss $ (16,821,000)us-gaap_NetIncomeLoss $ (8,578,000)us-gaap_NetIncomeLoss
Adjustments to reconcile net loss to net cash used in operating activities:      
Deferred income tax benefit (6,550,000)us-gaap_DeferredIncomeTaxExpenseBenefit    
Depreciation 495,000us-gaap_Depreciation 263,000us-gaap_Depreciation 228,000us-gaap_Depreciation
Amortization of intangible and other assets 5,149,000rvlt_AmortizationOfIntangibleAssetsAndOtherAssets 2,859,000rvlt_AmortizationOfIntangibleAssetsAndOtherAssets 265,000rvlt_AmortizationOfIntangibleAssetsAndOtherAssets
Stock-based compensation 1,711,000us-gaap_ShareBasedCompensation 809,000us-gaap_ShareBasedCompensation 45,000us-gaap_ShareBasedCompensation
Gain on bargain purchase of business   (743,000)us-gaap_BusinessCombinationBargainPurchaseGainRecognizedAmount  
Change in fair value of contingent consideration 1,419,000us-gaap_BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1 88,000us-gaap_BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1  
Impairment charges     3,397,000us-gaap_GoodwillAndIntangibleAssetImpairment
Gain on debt restructuring     (1,048,000)us-gaap_GainsLossesOnRestructuringOfDebt
Change in fair value of embedded derivative   6,990,000rvlt_ChangeInFairValueOfEmbeddedDerivative  
Other 18,000us-gaap_ProceedsFromOtherOperatingActivities   147,000us-gaap_ProceedsFromOtherOperatingActivities
Changes in operating assets and liabilities, net of the effect of the acquisitions (Note 2):      
(Increase) decrease in trade accounts receivable, net (10,291,000)us-gaap_IncreaseDecreaseInAccountsReceivable (1,727,000)us-gaap_IncreaseDecreaseInAccountsReceivable 306,000us-gaap_IncreaseDecreaseInAccountsReceivable
(Increase) decrease in inventories, net (60,000)us-gaap_IncreaseDecreaseInInventories (697,000)us-gaap_IncreaseDecreaseInInventories 1,753,000us-gaap_IncreaseDecreaseInInventories
(Increase) decrease in other assets (977,000)us-gaap_IncreaseDecreaseInOtherOperatingAssets (385,000)us-gaap_IncreaseDecreaseInOtherOperatingAssets (126,000)us-gaap_IncreaseDecreaseInOtherOperatingAssets
(Decrease) increase in accounts payable, accrued liabilities and other liabilities (578,000)us-gaap_IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities 2,175,000us-gaap_IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities (1,381,000)us-gaap_IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities
(Decrease) increase in accrued compensation and benefits (116,000)us-gaap_IncreaseDecreaseInEmployeeRelatedLiabilities 381,000us-gaap_IncreaseDecreaseInEmployeeRelatedLiabilities (69,000)us-gaap_IncreaseDecreaseInEmployeeRelatedLiabilities
Increase (decrease) in customer deposits 657,000us-gaap_IncreaseDecreaseInCustomerDeposits (1,338,000)us-gaap_IncreaseDecreaseInCustomerDeposits (69,000)us-gaap_IncreaseDecreaseInCustomerDeposits
Net cash used in operating activities (14,303,000)us-gaap_NetCashProvidedByUsedInOperatingActivities (8,146,000)us-gaap_NetCashProvidedByUsedInOperatingActivities (5,130,000)us-gaap_NetCashProvidedByUsedInOperatingActivities
Cash Flows from Investing Activities:      
Acquisitions of businesses, net of cash acquired (11,521,000)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired (10,437,000)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired (7,591,000)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired
Patents, trademarks and other     (83,000)us-gaap_PaymentsToAcquireIntangibleAssets
Purchase of property and equipment (485,000)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (133,000)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (12,000)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Net cash (used in) provided by investing activities (12,006,000)us-gaap_NetCashProvidedByUsedInInvestingActivities (10,570,000)us-gaap_NetCashProvidedByUsedInInvestingActivities (7,686,000)us-gaap_NetCashProvidedByUsedInInvestingActivities
Cash Flows from Financing Activities:      
Proceeds from issuance of common stock, net of issuance costs 8,614,000us-gaap_ProceedsFromIssuanceOfCommonStock 4,950,000us-gaap_ProceedsFromIssuanceOfCommonStock (10,000)us-gaap_ProceedsFromIssuanceOfCommonStock
Payment to extinguish convertible promissory notes     (880,000)us-gaap_RepaymentsOfNotesPayable
Proceeds from issuances of preferred stock, net of issuance costs (94,000)rvlt_ProceedsFromIssuanceOfConvertiblePreferredStockNetOfTransactionCosts 9,964,000rvlt_ProceedsFromIssuanceOfConvertiblePreferredStockNetOfTransactionCosts 15,125,000rvlt_ProceedsFromIssuanceOfConvertiblePreferredStockNetOfTransactionCosts
(Repayments) proceeds from short-term borrowings and notes payable (1,552,000)rvlt_ProceedsFromRepaymentsOfShortTermBankLoansAndNotesPayable 860,000rvlt_ProceedsFromRepaymentsOfShortTermBankLoansAndNotesPayable  
Proceeds from revolving credit facility 24,981,000us-gaap_ProceedsFromLinesOfCredit    
Repayments of revolving credit facility (16,221,000)us-gaap_RepaymentsOfLinesOfCredit    
Proceeds from related party payable 18,106,000us-gaap_ProceedsFromRelatedPartyDebt    
Repayments of related party payable (3,249,000)us-gaap_RepaymentsOfRelatedPartyDebt    
Net proceeds from exercise of employee stock options and warrants   265,000rvlt_ProceedsFromEmployeeStockOptionsAndWarrantsExercisedNet  
Net cash provided by financing activities 30,585,000us-gaap_NetCashProvidedByUsedInFinancingActivities 16,039,000us-gaap_NetCashProvidedByUsedInFinancingActivities 14,235,000us-gaap_NetCashProvidedByUsedInFinancingActivities
Net increase (decrease) in cash and cash equivalents 4,276,000us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease (2,677,000)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 1,419,000us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents, beginning of period 1,757,000us-gaap_CashAndCashEquivalentsAtCarryingValue 4,434,000us-gaap_CashAndCashEquivalentsAtCarryingValue 3,015,000us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents, end of period 6,033,000us-gaap_CashAndCashEquivalentsAtCarryingValue 1,757,000us-gaap_CashAndCashEquivalentsAtCarryingValue 4,434,000us-gaap_CashAndCashEquivalentsAtCarryingValue
Supplemental Disclosure of Cash Flow Information:      
Cash paid during period for interest 543,000us-gaap_InterestPaid 21,000us-gaap_InterestPaid  
Non-cash investing and financing activities:      
Contingent consideration for acquisitions 9,976,000us-gaap_OtherSignificantNoncashTransactionValueOfConsiderationReceived1 960,000us-gaap_OtherSignificantNoncashTransactionValueOfConsiderationReceived1  
Exchange of trade accounts payable for note 3,736,000us-gaap_DebtConversionConvertedInstrumentAmount1    
Conversion of preferred stock for common stock 36,843,000us-gaap_ConversionOfStockAmountConverted1 1,006,000us-gaap_ConversionOfStockAmountConverted1  
Accrual of dividends on preferred stock 1,449,000us-gaap_DividendsPreferredStockStock 1,360,000us-gaap_DividendsPreferredStockStock  
In-kind dividends on Series C preferred stock 1,000,000us-gaap_DividendsPaidinkind    
Common Stock      
Non-cash investing and financing activities:      
Issuance of stock 23,111,000us-gaap_StockIssued1
/ us-gaap_StatementClassOfStockAxis
= us-gaap_CommonStockMember 		9,435,000us-gaap_StockIssued1
/ us-gaap_StatementClassOfStockAxis
= us-gaap_CommonStockMember 		4,295,000us-gaap_StockIssued1
/ us-gaap_StatementClassOfStockAxis
= us-gaap_CommonStockMember
Series D Preferred Stock      
Non-cash investing and financing activities:      
Issuance of stock   62,000us-gaap_StockIssued1
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesDPreferredStockMember 		950,000us-gaap_StockIssued1
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesDPreferredStockMember
Series G Preferred Stock      
Non-cash investing and financing activities:      
Issuance of stock 18,000,000us-gaap_StockIssued1
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesGPreferredStockMember 		   
Convertible Promissory Notes      
Non-cash investing and financing activities:      
Issuance of stock     $ 588,000us-gaap_StockIssued1
/ us-gaap_StatementClassOfStockAxis
= rvlt_ConvertiblePromissoryNotesMember