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Tj ET Q /GS0 gs q 8.91 0 0 10.09 496.91 389.69 cm /I8 Do Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.82 391.85 Td () Tj ET Q q 0 0 0 rg BT 510.45 391.85 Td (Y) Tj ET Q q 0 0 0 rg BT 516.67 391.85 Td (es) Tj ET Q /GS0 gs q 10.60 0 0 10.09 535.00 389.69 cm /I9 Do Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.60 391.85 Td (No) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 18.00 375.85 Td (Indicate by check mark if the registrant is not required to file reports pursuant to Section13 or 15\(d\) of the ) Tj ET Q q 0 0 0 rg BT 446.49 375.85 Td (Act.) Tj ET Q /GS0 gs q 8.91 0 0 10.09 473.42 373.69 cm /I10 Do Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.34 375.85 Td () Tj ET Q q 0 0 0 rg BT 486.96 375.85 Td (Y) Tj ET Q q 0 0 0 rg BT 493.19 375.85 Td (es) Tj ET Q /GS0 gs q 10.60 0 0 10.09 511.52 373.69 cm /I11 Do Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.12 375.85 Td (No) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 18.00 359.85 Td (Indicate by check mark whether the registrant \(1\)has filed all reports required to be filed by Section13 or 15\(d\) of the Securities Exchange ) Tj ET Q q 0 0 0 rg BT 577.53 359.85 Td (Act ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 18.00 347.85 Td (of 1934 during the preceding 12 months \(or for such shorter period that the registrant was required to file such reports\), and \(2\)has been ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 18.00 335.85 Td (subject to such filing requirements for the past 90 days.) Tj ET Q /GS0 gs q 10.60 0 0 10.09 249.62 333.69 cm /I12 Do Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.22 335.85 Td () Tj ET Q q 0 0 0 rg BT 264.85 335.85 Td (Y) Tj ET Q q 0 0 0 rg BT 271.07 335.85 Td (es) Tj ET Q /GS0 gs q 8.91 0 0 10.09 289.40 333.69 cm /I13 Do Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.31 335.85 Td (No) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 18.00 319.85 Td (Indicate by check mark whether the registrant has submitted electronically and posted on its corporate ) Tj ET Q q 0 0 0 rg BT 428.51 319.85 Td (W) Tj ET Q q 0 0 0 rg BT 437.15 319.85 Td (eb site, if any) Tj ET Q q 0 0 0 rg BT 490.37 319.85 Td (, every Interactive Data ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 18.00 307.85 Td (File required to be submitted and posted pursuant to Rule 405 of Regulation S-T) Tj ET Q q 0 0 0 rg BT 339.71 307.85 Td ( during the preceding 12 months \(or for such shorter period ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 18.00 295.85 Td (that the registrant was required to submit and post such files\).) Tj ET Q /GS0 gs q 8.91 0 0 10.09 274.33 293.69 cm /I14 Do Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.24 295.85 Td () Tj ET Q q 0 0 0 rg BT 287.87 295.85 Td (Y) Tj ET Q q 0 0 0 rg BT 294.09 295.85 Td (es) Tj ET Q /GS0 gs q 10.60 0 0 10.09 312.42 293.69 cm /I15 Do Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.02 295.85 Td (No) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 18.00 279.85 Td (Indicate by check mark if disclosure of delinquent filers in response to Item405 of Regulation S-K is not contained herein, and will not be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 18.00 267.85 Td (contained, to the best of registrant) Tj ET Q q 0 0 0 rg BT 156.85 267.85 Td (s knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 18.00 255.85 Td (10-K or any amendment to this Form 10-K.) Tj ET Q /GS0 gs q 8.91 0 0 10.09 197.42 253.69 cm /I16 Do Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 18.00 239.85 Td (Indicate by check mark whether the registrant is a lar) Tj ET Q q 0 0 0 rg BT 230.23 239.85 Td (ge accelerated filer) Tj ET Q q 0 0 0 rg BT 305.88 239.85 Td (, an accelerated filer) Tj ET Q q 0 0 0 rg BT 386.53 239.85 Td (, a non-accelerated filer or a smaller reporting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 18.00 227.85 Td (company) Tj ET Q q 0 0 0 rg BT 54.01 227.85 Td (. See definition of lar) Tj ET Q q 0 0 0 rg BT 142.96 227.85 Td (ge accelerated filer) Tj ET Q q 0 0 0 rg BT 218.61 227.85 Td (, accelerated filer and smaller reporting company in Rule 12b-2 of the Exchange ) Tj ET Q q 0 0 0 rg BT 564.01 227.85 Td (Act.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 580.95 227.85 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 21.00 207.02 Td (Largeacceleratedfiler) Tj ET Q /GS0 gs q 8.91 0 0 9.76 146.00 204.89 cm /I17 Do Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.00 207.02 Td (Acceleratedfiler) Tj ET Q /GS0 gs q 10.60 0 0 9.76 516.35 204.89 cm /I18 Do Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 21.00 192.02 Td (Non-accelerated filer) Tj ET Q /GS0 gs q 8.91 0 0 9.76 146.00 189.89 cm /I19 Do Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.00 192.02 Td (SmallerReportingCompany) Tj ET Q /GS0 gs q 8.91 0 0 9.76 518.05 189.89 cm /I20 Do Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 18.00 172.85 Td (Indicate by check mark whether the registrant is a shell company \(as defined in Rule 12b-2 of the ) Tj ET Q q 0 0 0 rg BT 409.54 172.85 Td (Act.\)) Tj ET Q /GS0 gs q 8.91 0 0 10.09 439.81 170.69 cm /I21 Do Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.72 172.85 Td () Tj ET Q q 0 0 0 rg BT 453.35 172.85 Td (Y) Tj ET Q q 0 0 0 rg BT 459.57 172.85 Td (es) Tj ET Q /GS0 gs q 10.60 0 0 10.09 477.90 170.69 cm /I22 Do Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.50 172.85 Td (No) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 18.00 148.85 Td (The aggregate market value of the voting stock held by non-af) Tj ET Q q 0 0 0 rg BT 267.17 148.85 Td (filiates of the registrant was approximately) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.01 148.85 Td ($207,838,774) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.01 148.85 Td (based on the last ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 18.00 136.85 Td (reported bid price ofthe Common Stock on the OTC Pink ) Tj ET Q q 0 0 0 rg BT 252.51 136.85 Td (T) Tj ET Q q 0 0 0 rg BT 258.26 136.85 Td (ier on) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.81 136.85 Td (June30, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.64 136.85 Td (.) Tj ET Q q 0 0 0 rg BT 346.96 136.85 Td (The number of shares outstanding of the registrant) Tj ET Q q 0 0 0 rg BT 551.63 136.85 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 18.00 124.85 Td (Common Stock as of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.11 124.85 Td (April14, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 162.72 124.85 Td ( was) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 183.27 124.85 Td (22,01) Tj ET Q q 0 0 0 rg BT 205.40 124.85 Td (1,494) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.90 124.85 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 18.00 108.85 Td (Indicate the number of shares outstanding of each of the registrant) Tj ET Q q 0 0 0 rg BT 285.69 108.85 Td (s classes of common stock, as of the latest practicable date.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 522.27 108.85 Td () Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 135.85 88.330078125 m 154.0765625 88.330078125 l s q 0 0 0 rg BT 135.85 89.58 Td (Class) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 275.00 89.60 Td () Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 383.85 88.330078125 m 432.07265625 88.330078125 l s q 0 0 0 rg BT 383.85 89.58 Td (April 14, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.40 75.92 Td (Common Stock, $0.001 value) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 275.00 74.60 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.50 75.92 Td (22,011,494) Tj ET Q BT /F1 10.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 228.85 56.85 Td () Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 231.6 56.35000000000002 m 381.6 56.35000000000002 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.10 56.85 Td () Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 222.9 43.28505859375002 m 389.0669921875 43.28505859375002 l s q 0 0 0 rg BT 222.90 44.85 Td (Documents Incorporated By Refer) Tj ET Q q 0 0 0 rg BT 370.19 44.85 Td (ence) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 22.40 32.85 Td (Portions of the Proxy Statement for the 2016 ) Tj ET Q q 0 0 0 rg BT 203.49 32.85 Td (Annual Meeting of Stockholders of ) Tj ET Q q 0 0 0 rg BT 347.08 32.85 Td (Advanced Emissions Solutions, Inc. to be filed subsequently ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.40 20.85 Td (with the Securities Exchange Commission are incorporated by reference into Part III of this report.) 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Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 225.95 730.25 Td (ANNUAL) Tj ET Q q 0 0 0 rg BT 268.18 730.25 Td ( REPOR) Tj ET Q q 0 0 0 rg BT 305.32 730.25 Td (T) Tj ET Q q 0 0 0 rg BT 311.81 730.25 Td ( ON FORM 10-K) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 181.50 718.25 Td (FOR ) Tj ET Q q 0 0 0 rg BT 204.93 718.25 Td (THE FISCAL) Tj ET Q q 0 0 0 rg BT 264.67 718.25 Td ( ) Tj ET Q q 0 0 0 rg BT 266.80 718.25 Td (YEAR ENDED DECEMBER 31, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 410.42 718.25 Td (2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 430.42 718.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 252.65 692.68505859375 m 359.339453125 692.68505859375 l s q 0 0 0 rg BT 252.65 694.25 Td (T) Tj ET Q q 0 0 0 rg BT 258.58 694.25 Td (ABLE OF) Tj ET Q q 0 0 0 rg BT 301.82 694.25 Td ( CONTENTS) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 531.25 672.0833984375 m 550.6884765625 672.0833984375 l s q 0 0 0 rg BT 531.25 673.42 Td (Page) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 658.42 Td (P) Tj ET Q q 0 0 0 rg BT 56.64 658.42 Td (AR) Tj ET Q q 0 0 0 rg BT 69.93 658.42 Td (T) Tj ET Q q 0 0 0 rg BT 75.86 658.42 Td ( I.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 643.42 Td (ITEM 1.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.00 643.42 Td (Business) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 628.42 Td (ITEM 1A.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.00 628.42 Td (Risk Factors) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 613.42 Td (ITEM 1B.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.00 613.42 Td (Unresolved Staf) Tj ET Q q 0 0 0 rg BT 220.53 613.42 Td (f Comments) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 598.42 Td (ITEM 2.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.00 598.42 Td (Properties) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 583.42 Td (ITEM 3.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.00 583.42 Td (Legal Proceedings) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 568.42 Td (ITEM 4.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.00 568.42 Td (Mine Safety Disclosures) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 538.42 Td (P) Tj ET Q q 0 0 0 rg BT 56.64 538.42 Td (AR) Tj ET Q q 0 0 0 rg BT 69.93 538.42 Td (T) Tj ET Q q 0 0 0 rg BT 75.86 538.42 Td ( II.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 513.42 Td (ITEM 5.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.00 523.42 Td (Market for Registrant's Common Equity) Tj ET Q q 0 0 0 rg BT 316.58 523.42 Td (, Related Stockholder Matters and Issuer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.00 513.42 Td (Purchases of Equity Securities) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 498.42 Td (ITEM 6.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.00 498.42 Td (Selected Financial Data) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 483.42 Td (ITEM 7.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.00 483.42 Td (Management's Discussion and ) Tj ET Q q 0 0 0 rg BT 279.17 483.42 Td (Analysis of Financial Condition and Results of Operations) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 468.42 Td (ITEM 7A.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.00 468.42 Td (Quantitative and Qualitative Disclosures about Market Risk) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 453.42 Td (ITEM 8.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.00 453.42 Td (Financial Statements and Supplementary Financial Information) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 428.42 Td (ITEM 9.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.00 438.42 Td (Changes in and Disagreements with ) Tj ET Q q 0 0 0 rg BT 301.81 438.42 Td (Accountants on ) Tj ET Q q 0 0 0 rg BT 366.24 438.42 Td (Accounting and Financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.00 428.42 Td (Disclosure) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 413.42 Td (ITEM 9A.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.00 413.42 Td (Controls and Procedures) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 398.42 Td (ITEM 9B.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.00 398.42 Td (Other Information) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 368.42 Td (P) Tj ET Q q 0 0 0 rg BT 56.64 368.42 Td (AR) Tj ET Q q 0 0 0 rg BT 69.93 368.42 Td (T) Tj ET Q q 0 0 0 rg BT 75.86 368.42 Td ( III.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 353.42 Td (ITEM 10.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.00 353.42 Td (Directors, Executive Of) Tj ET Q q 0 0 0 rg BT 251.06 353.42 Td (ficers and Corporate Governance) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 338.42 Td (ITEM 1) Tj ET Q q 0 0 0 rg BT 83.57 338.42 Td (1.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.00 338.42 Td (Executive Compensation) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 313.42 Td (ITEM 12.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.00 323.42 Td (Security Ownership of Certain Beneficial Owners and Management and Related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.00 313.42 Td (Stockholder Matters) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 298.42 Td (ITEM 13.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.00 298.42 Td (Certain Relationships and Related ) Tj ET Q q 0 0 0 rg BT 294.68 298.42 Td (T) Tj ET Q q 0 0 0 rg BT 300.43 298.42 Td (ransaction and Director Independence) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 283.42 Td (ITEM 14.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.00 283.42 Td (Principal ) Tj ET Q q 0 0 0 rg BT 194.05 283.42 Td (Accountant Fees and Services) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 253.42 Td (P) Tj ET Q q 0 0 0 rg BT 56.64 253.42 Td (AR) Tj ET Q q 0 0 0 rg BT 69.93 253.42 Td (T) Tj ET Q q 0 0 0 rg BT 75.86 253.42 Td ( IV) Tj ET Q q 0 0 0 rg BT 87.63 253.42 Td (.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 238.42 Td (ITEM 15.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.00 238.42 Td (Exhibits and Financial Statement Schedules) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 208.42 Td (SIGNA) Tj ET Q q 0 0 0 rg BT 81.45 208.42 Td (TURES) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.00 643.42 Td (3) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.00 628.42 Td (17) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.00 613.42 Td (26) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.00 598.42 Td (26) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.00 583.42 Td (26) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.00 568.42 Td (28) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.00 513.42 Td (29) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.00 498.42 Td (31) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.00 483.42 Td (34) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.00 468.42 Td (67) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.00 453.42 Td (68) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.00 428.42 Td (125) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.00 413.42 Td (125) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.00 398.42 Td (130) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.00 353.42 Td (131) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.00 338.42 Td (131) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.00 313.42 Td (131) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.00 298.42 Td (131) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.00 283.42 Td (132) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.00 238.42 Td (133) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 13 0 obj <> endobj 14 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (3) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 289.80 721.25 Td (P) Tj ET Q q 0 0 0 rg BT 295.17 721.25 Td (AR) Tj ET Q q 0 0 0 rg BT 309.26 721.25 Td (T) Tj ET Q q 0 0 0 rg BT 315.75 721.25 Td ( I) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 700.25 Td (Item1. Business) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 676.25 Td (Reorganization ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 652.25 Td (ADA-ES, Inc. \(ADA\), a Colorado corporation, was incorporated in 1997. Pursuant to an ) Tj ET Q q 0 0 0 rg BT 414.91 652.25 Td (Agreement and Plan of Mer) Tj ET Q q 0 0 0 rg BT 526.36 652.25 Td (ger ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 640.25 Td (\("Reor) Tj ET Q q 0 0 0 rg BT 76.67 640.25 Td (ganization"\), ef) Tj ET Q q 0 0 0 rg BT 138.32 640.25 Td (fective July1, 2013, ) Tj ET Q q 0 0 0 rg BT 221.64 640.25 Td (Advanced Emissions Solutions, Inc. \(ADES\), a Delaware company incorporated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 628.25 Td (in 201) Tj ET Q q 0 0 0 rg BT 74.91 628.25 Td (1, replaced ) Tj ET Q q 0 0 0 rg BT 120.72 628.25 Td (ADA) Tj ET Q q 0 0 0 rg BT 141.83 628.25 Td ( as the publicly-held corporation and ) Tj ET Q q 0 0 0 rg BT 290.68 628.25 Td (ADA) Tj ET Q q 0 0 0 rg BT 311.79 628.25 Td ( became a wholly-owned subsidiary of ) Tj ET Q q 0 0 0 rg BT 468.42 628.25 Td (ADES. Each ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 616.25 Td (outstanding share of ) Tj ET Q q 0 0 0 rg BT 133.04 616.25 Td (ADA) Tj ET Q q 0 0 0 rg BT 153.60 616.25 Td () Tj ET Q q 0 0 0 rg BT 156.38 616.25 Td (s common stock automatically converted into one share of common stock of ) Tj ET Q q 0 0 0 rg BT 463.53 616.25 Td (ADES and the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 604.25 Td (shareholders of ) Tj ET Q q 0 0 0 rg BT 113.32 604.25 Td (ADA) Tj ET Q q 0 0 0 rg BT 134.43 604.25 Td ( became stockholders of ) Tj ET Q q 0 0 0 rg BT 233.29 604.25 Td (ADES on a one-for) Tj ET Q q 0 0 0 rg BT 310.57 604.25 Td (-one basis, holding the same number of shares in and the same ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 592.25 Td (ownership percentage of ) Tj ET Q q 0 0 0 rg BT 150.24 592.25 Td (ADES after the reor) Tj ET Q q 0 0 0 rg BT 230.30 592.25 Td (ganization as they held in and of ) Tj ET Q q 0 0 0 rg BT 362.21 592.25 Td (ADA) Tj ET Q q 0 0 0 rg BT 383.33 592.25 Td ( prior to the reor) Tj ET Q q 0 0 0 rg BT 448.68 592.25 Td (ganization. ) Tj ET Q q 0 0 0 rg BT 494.78 592.25 Td (ADES) Tj ET Q q 0 0 0 rg BT 523.67 592.25 Td (s Second ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 580.25 Td (Amended and Restated Certificate of Incorporation authorizes the issuance of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.22 580.25 Td (100,000,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.22 580.25 Td ( shares of common stock, par value ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 568.25 Td (per share of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.70 568.25 Td ($0.001) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 127.20 568.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 146.64 568.25 Td (50,000,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 191.64 568.25 Td ( shares of preferred stock, par value per share of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.82 568.25 Td ($0.001) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.32 568.25 Td (. ) Tj ET Q q 0 0 0 rg BT 418.77 568.25 Td (ADES) Tj ET Q q 0 0 0 rg BT 447.66 568.25 Td (s common stock became ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 556.25 Td (listed on the NASDAQ Capital Market under ADES, ) Tj ET Q q 0 0 0 rg BT 273.02 556.25 Td (ADA) Tj ET Q q 0 0 0 rg BT 293.57 556.25 Td () Tj ET Q q 0 0 0 rg BT 296.35 556.25 Td (s previous symbol, and ) Tj ET Q q 0 0 0 rg BT 390.52 556.25 Td (ADA) Tj ET Q q 0 0 0 rg BT 411.07 556.25 Td () Tj ET Q q 0 0 0 rg BT 413.85 556.25 Td (s stock ceased trading on the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 544.25 Td (NASDAQ Capital Market on July 1, 2013. Since the Company was not able to timely file complete financial statements with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 532.25 Td (the Securities and Exchange Commission, ) Tj ET Q q 0 0 0 rg BT 220.53 532.25 Td (ADES's common stock was delisted from the NASDAQ Capital Market on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 520.25 Td (March30, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.60 520.25 Td ( and began trading on the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.46 520.25 Td (OTC Pink Marketplace - Limited Information ) Tj ET Q q 0 0 0 rg BT 410.94 520.25 Td (T) Tj ET Q q 0 0 0 rg BT 416.69 520.25 Td (ier) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.24 520.25 Td ( under the trading symbol ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 508.25 Td ("ADES". For further information on the reor) Tj ET Q q 0 0 0 rg BT 228.22 508.25 Td (ganization, see ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.14 508.25 Td (Note 20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.08 508.25 Td ( of the Consolidated Financial Statements of this ) Tj ET Q q 0 0 0 rg BT 518.72 508.25 Td (Annual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 496.25 Td (Report on Form 10-K. Hereinafter) Tj ET Q q 0 0 0 rg BT 187.06 496.25 Td (, this ) Tj ET Q q 0 0 0 rg BT 208.46 496.25 Td (Annual Report on Form 10-K will be referred to as the "Form 10-K". ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 472.25 Td (As this filing pertains to the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.96 472.25 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.54 472.25 Td (, the terms the Company, we, us and our means ) Tj ET Q q 0 0 0 rg BT 515.41 472.25 Td (ADA) Tj ET Q q 0 0 0 rg BT 536.52 472.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 460.25 Td (its consolidated subsidiaries for the periods through and including the period ended June30, 2013 and ) Tj ET Q q 0 0 0 rg BT 460.20 460.25 Td (ADES and its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 448.25 Td (consolidated subsidiaries for the dates or periods after July 1, 2013. ) Tj ET Q q 0 0 0 rg BT 321.88 448.25 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.33 448.25 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.91 448.25 Td ( ) Tj ET Q q 0 0 0 rg BT 426.86 448.25 Td (ADES's wholly-owned ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 436.25 Td (subsidiaries included:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 412.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 412.25 Td (ADA) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 400.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 400.25 Td (BCSI, LLC \("BCSI"\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 388.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 388.25 Td (Advanced Clean Ener) Tj ET Q q 0 0 0 rg BT 173.56 388.25 Td (gy Solutions, LLC \("ACES"\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 376.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 376.25 Td (ADEquity) Tj ET Q q 0 0 0 rg BT 126.46 376.25 Td (, LLC \("ADEquity"\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 364.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 364.25 Td (ADA) Tj ET Q q 0 0 0 rg BT 107.11 364.25 Td ( Environmental Solutions, LLC \(ADA) Tj ET Q q 0 0 0 rg BT 264.60 364.25 Td ( LLC\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 352.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 352.25 Td (ADA) Tj ET Q q 0 0 0 rg BT 107.11 352.25 Td ( Intellectual Property) Tj ET Q q 0 0 0 rg BT 190.88 352.25 Td (, LLC \(ADA) Tj ET Q q 0 0 0 rg BT 246.15 352.25 Td ( IP\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 340.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 340.25 Td (ADA-RCM6, LLC \(ADA-RCM6\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 328.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 328.25 Td (ADA) Tj ET Q q 0 0 0 rg BT 107.11 328.25 Td ( ) Tj ET Q q 0 0 0 rg BT 109.06 328.25 Td (Analytics, LLC) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 316.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 316.25 Td (ADA) Tj ET Q q 0 0 0 rg BT 107.11 316.25 Td ( ) Tj ET Q q 0 0 0 rg BT 109.06 316.25 Td (Analytics Israel Ltd. \(collectively with ) Tj ET Q q 0 0 0 rg BT 265.68 316.25 Td (ADA) Tj ET Q q 0 0 0 rg BT 286.80 316.25 Td ( ) Tj ET Q q 0 0 0 rg BT 288.74 316.25 Td (Analytics, LLC, "ADA) Tj ET Q q 0 0 0 rg BT 381.15 316.25 Td ( ) Tj ET Q q 0 0 0 rg BT 383.10 316.25 Td (Analytics"\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 292.25 Td (None of ) Tj ET Q q 0 0 0 rg BT 84.44 292.25 Td (ACES, ) Tj ET Q q 0 0 0 rg BT 114.45 292.25 Td (ADEquity) Tj ET Q q 0 0 0 rg BT 154.91 292.25 Td (, ) Tj ET Q q 0 0 0 rg BT 159.36 292.25 Td (ADA) Tj ET Q q 0 0 0 rg BT 180.47 292.25 Td ( IP) Tj ET Q q 0 0 0 rg BT 191.49 292.25 Td ( or ) Tj ET Q q 0 0 0 rg BT 204.27 292.25 Td (ADA-RCM6 had operations prior to 2014. ) Tj ET Q q 0 0 0 rg BT 376.75 292.25 Td (ADA) Tj ET Q q 0 0 0 rg BT 397.87 292.25 Td ( LLC ceased operations in 2012 and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 280.25 Td (ADA) Tj ET Q q 0 0 0 rg BT 71.11 280.25 Td ( IP) Tj ET Q q 0 0 0 rg BT 82.13 280.25 Td ( has had no operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 256.25 Td (In ) Tj ET Q q 0 0 0 rg BT 60.28 256.25 Td (August 2015, the Company) Tj ET Q q 0 0 0 rg BT 173.05 256.25 Td (s management approved an action to wind down the operations of ) Tj ET Q q 0 0 0 rg BT 438.26 256.25 Td (ADA) Tj ET Q q 0 0 0 rg BT 459.38 256.25 Td ( ) Tj ET Q q 0 0 0 rg BT 461.32 256.25 Td (Analytics. ) Tj ET Q q 0 0 0 rg BT 504.47 256.25 Td (The Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 244.25 Td (intends to address the immediate United States analytics market using alternative services and capabilities. Refer to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.02 244.25 Td (Note 8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.96 244.25 Td ( of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 232.25 Td (our Consolidated Financial Statements in Item 8 of this Form 10-K.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 208.25 Td (ADES and its subsidiaries have continued to conduct business in substantially the same manner as conducted prior to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 196.25 Td (reor) Tj ET Q q 0 0 0 rg BT 65.92 196.25 Td (ganization.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 172.25 Td (Additionally) Tj ET Q q 0 0 0 rg BT 99.90 172.25 Td (, we are an investor in Clean Coal Solutions, LLC \(CCS\), Clean Coal Solutions Services, LLC \("CCSS"\) and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 160.25 Td (RCM6, LLC \("RCM6"\), whose performances significantly impact our financial position and results of operations as these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 148.25 Td (investments are accounted for under the equity method of accounting. ) Tj ET Q q 0 0 0 rg BT 331.30 148.25 Td (As of December 31, 2015, we held equity interests of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 136.25 Td (42.50%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.83 136.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.83 136.25 Td (50.00%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 116.66 136.25 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 138.60 136.25 Td (24.95%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 169.43 136.25 Td ( in CCS, CCSS, and RCM6, respectively) Tj ET Q q 0 0 0 rg BT 332.40 136.25 Td (. During March 2016, the Company sold its entire equity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 124.25 Td (interest in RCM6. For the year ended December 31, 2015, CCS and RCM6 met the significant subsidiary test provided in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 112.25 Td (Regulations S-X Rule 1-02 \(w\) and their financial statements are included in Item 15 in this Form 10-K filing. CCSS did not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 100.25 Td (meet the significant subsidiary test provided in Regulations S-X Rule 1-02 \(w\) in that the Company's equity earnings for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 88.25 Td (year ended December 31, 2015 or the year ended December 31, 2013 did not exceed 20% of the Company's consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 76.25 Td (income from continuing operations before income taxes. However) Tj ET Q q 0 0 0 rg BT 315.07 76.25 Td (, CCSS did meet the significant subsidiary test for the year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 64.25 Td (ended December 31, 2014 and therefore additional information related to CCSS pursuant to Regulation S-X Rule 3-09 is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 52.25 Td (included within Item 15 of this Form 10-K.) Tj ET Q endstream endobj 15 0 obj <> endobj 16 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (4) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (Business Purpose and Strategy) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (ADES serves as the holding entity for a family of companies that provide emissions solutions to customers in the coal-fired ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (power generation, industrial boiler and cement industries. ) Tj ET Q q 0 0 0 rg BT 282.81 682.10 Td (Through its subsidiaries and joint ventures, the Company is a leader ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (in emissions control technologies and associated equipment, chemicals, and services. Our proprietary environmental ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (technologies enable our customers to reduce emissions of mercury and other pollutants, maximize utilization levels and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (improve operating ef) Tj ET Q q 0 0 0 rg BT 133.68 646.10 Td (ficiencies to meet the challenges of existing and pending emission control regulations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 625.10 Td (Our major activities include:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.60 608.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.60 608.10 Td (Development and sale of technology to reduce emissions and improve operations of coal-fired boilers used for power ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.60 596.10 Td (generation and industrial processes; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.60 579.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.60 579.10 Td (Development and sale of equipment, consulting services, specialty chemicals and other products designed to reduce ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.60 567.10 Td (emissions of mercury) Tj ET Q q 0 0 0 rg BT 171.04 567.10 Td (, acid gases, metals and other pollutants and the providing of technology services in support of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.60 555.10 Td (our customers' emissions compliance strategies;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.60 538.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.60 538.10 Td (Research and development of technologies and other solutions to advance cleaner ener) Tj ET Q q 0 0 0 rg BT 432.23 538.10 Td (gy and to help our customers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.60 526.10 Td (meet existing and future regulatory and business challenges, including Carbon Dioxide \(CO) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 457.73 524.96 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.33 526.10 Td (\) emissions control ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.60 514.10 Td (technologies and technologies designed to reduce other emissions related to power generation or industrial processes;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.60 497.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.60 497.10 Td (Through CCS, an unconsolidated entity) Tj ET Q q 0 0 0 rg BT 243.54 497.10 Td (, reduction of mercury and nitrogen oxide \("NO) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 434.79 495.96 Td (X) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 438.54 497.10 Td ("\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.47 497.10 Td (emissions at select coal-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.60 485.10 Td (fired power generators, through the burning of Refined Coal \("RC"\) produced by RC facilities placed in service by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.60 473.10 Td (CCS. ) Tj ET Q q 0 0 0 rg BT 108.95 473.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 158.85 473.10 Td (, we benefit from the tax credits generated by the production of RC by retaining the credits or selling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.60 461.10 Td (or leasing the pertinent RC facilities to tax equity investors. See the separately filed financial statements of CCS and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.60 449.10 Td (the other related RC entities within Item 15 of this Form 10-K. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 425.10 Td (Operating Locations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 408.10 Td (During the year ended December 31, 2015, the Company had domestic and international operations where personnel are based. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 396.10 Td (The domestic operations are located in Colorado and Pennsylvania. ) Tj ET Q q 0 0 0 rg BT 321.96 396.10 Td (The Pennsylvania location was closed at the end of 2015, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 384.10 Td (with certain wind-down activities remaining through early 2016. ) Tj ET Q q 0 0 0 rg BT 310.59 384.10 Td (The international operations were not material to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 372.10 Td (Company's total revenues or long-lived assets and were closed at the end of 2015. CCS and the related operating entity CCSS ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 360.10 Td (have operations within ten states across the United States.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 343.10 Td (Markets for) Tj ET Q q 0 0 0 rg BT 101.19 343.10 Td ( Our) Tj ET Q q 0 0 0 rg BT 121.28 343.10 Td ( Pr) Tj ET Q q 0 0 0 rg BT 134.15 343.10 Td (oducts and Services) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 326.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 326.10 Td (e provide environmental control equipment, chemicals and technologies to our primary market that consists of approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 314.10 Td (850 coal-fired electrical generation units and approximately 600 coal-fired boilers that produce steam for industrial processes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 302.10 Td (and heating. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 278.10 Td (The share of coal-fired power generation as a percentage of U.S. electricity generation is expected to continue to decrease over ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 266.10 Td (the coming years due to low projected natural gas prices, increasingly stringent environmental regulations, and increased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 254.10 Td (deployment of renewable power generating assets. However) Tj ET Q q 0 0 0 rg BT 290.90 254.10 Td (, we believe that coal-fired power generation will remain a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 242.10 Td (significant component of the U.S. power generation mix for many years given its abundance, af) Tj ET Q q 0 0 0 rg BT 432.21 242.10 Td (fordability) Tj ET Q q 0 0 0 rg BT 473.77 242.10 Td (, reliability and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 230.10 Td (availability as a domestic fuel source. ) Tj ET Q q 0 0 0 rg BT 202.82 230.10 Td (The Ener) Tj ET Q q 0 0 0 rg BT 239.57 230.10 Td (gy Information ) Tj ET Q q 0 0 0 rg BT 301.78 230.10 Td (Administration \("EIA"\) projects that coal will provide 26% of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 218.10 Td (electricity generation in 2040. ) Tj ET Q q 0 0 0 rg BT 172.28 218.10 Td (The primary drivers for many of our products and services are environmental laws and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 206.10 Td (regulations impacting the electric power generation industry and other coal users. ) Tj ET Q q 0 0 0 rg BT 378.04 206.10 Td (These regulations include the Mercury and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 194.10 Td (Air ) Tj ET Q q 0 0 0 rg BT 65.65 194.10 Td (T) Tj ET Q q 0 0 0 rg BT 71.06 194.10 Td (oxics Standards \(MA) Tj ET Q q 0 0 0 rg BT 159.38 194.10 Td (TS\), a federal regulation that requires all of the existing fleet and all new coal-fired plants to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 182.10 Td (control mercury emissions, acid gases, and particulate matter) Tj ET Q q 0 0 0 rg BT 293.68 182.10 Td (, the Maximum-Achievable Control ) Tj ET Q q 0 0 0 rg BT 439.30 182.10 Td (T) Tj ET Q q 0 0 0 rg BT 444.71 182.10 Td (echnology \(MACT\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 170.10 Td (standards for industrial boilers \(IBMACT\) and the cement industry) Tj ET Q q 0 0 0 rg BT 326.50 170.10 Td (, as well as various state regulations and permitting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 158.10 Td (requirements for coal-fired power plants. In addition to the federal MA) Tj ET Q q 0 0 0 rg BT 332.96 158.10 Td (TS rule, certain states have their own mercury rules that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 146.10 Td (are similar to, or more stringent than MA) Tj ET Q q 0 0 0 rg BT 213.85 146.10 Td (TS, and many plants around the country have agreed to consent decrees which require ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 134.10 Td (pollution controls that in some cases are more restrictive than the existing regulations. ) Tj ET Q q 0 0 0 rg BT 396.40 134.10 Td (W) Tj ET Q q 0 0 0 rg BT 405.03 134.10 Td (e continue to believe the MA) Tj ET Q q 0 0 0 rg BT 520.28 134.10 Td (TS and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 122.10 Td (MACT) Tj ET Q q 0 0 0 rg BT 78.71 122.10 Td ( rules, as well as certain state regulations, create a lar) Tj ET Q q 0 0 0 rg BT 290.65 122.10 Td (ge market for refined coal and emission control products. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 110.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 99.90 110.10 Td (, the proposed, pending, and future rules relating to CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 320.96 108.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.21 110.10 Td ( emissions, ef) Tj ET Q q 0 0 0 rg BT 378.75 110.10 Td (fluent dischar) Tj ET Q q 0 0 0 rg BT 433.27 110.10 Td (ge, coal combustion residuals, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 98.10 Td (and other pollutants are driving and we expect will continue to drive future markets for which we may develop products and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 86.10 Td (solutions.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 62.10 Td (In general, coal is low cost, stable, and a reliable source of domestic ener) Tj ET Q q 0 0 0 rg BT 341.93 62.10 Td (gy that, unlike many other forms of ener) Tj ET Q q 0 0 0 rg BT 503.37 62.10 Td (gy) Tj ET Q q 0 0 0 rg BT 512.72 62.10 Td (, can be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 50.10 Td (easily stored in lar) Tj ET Q q 0 0 0 rg BT 123.41 50.10 Td (ge quantities. ) Tj ET Q q 0 0 0 rg BT 179.05 50.10 Td (W) Tj ET Q q 0 0 0 rg BT 187.69 50.10 Td (e believe coal is critical to ensuring the U.S. has a secure and stable source of ener) Tj ET Q q 0 0 0 rg BT 516.82 50.10 Td (gy) Tj ET Q q 0 0 0 rg BT 526.17 50.10 Td (.) Tj ET Q q 0 0 0 rg BT 530.99 50.10 Td (W) Tj ET Q q 0 0 0 rg BT 540.03 50.10 Td (ith ) Tj ET Q endstream endobj 17 0 obj <> endobj 18 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (current environmental regulations, we believe it is unlikely that any new coal plants will be financed or constructed, which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (suggests that the average plant age in 2040 will be 66 years old. ) Tj ET Q q 0 0 0 rg BT 307.53 730.10 Td (W) Tj ET Q q 0 0 0 rg BT 316.57 730.10 Td (ith the continued retirement of the less ef) Tj ET Q q 0 0 0 rg BT 480.50 730.10 Td (ficient and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (generally smaller coal plants switching to other fuels, and the influx of intermittent generation such as solar and wind, we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (believe coal-fired generation will come to be seen as a complement to the other fuel sources to provide base-load electricity to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (users and to support the electric grid. ) Tj ET Q q 0 0 0 rg BT 200.33 694.10 Td (This belief is reflected in the Clean Power Plan recently published by the U.S. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (Environmental Protection ) Tj ET Q q 0 0 0 rg BT 154.98 682.10 Td (Agency \("EP) Tj ET Q q 0 0 0 rg BT 206.74 682.10 Td (A"\), which has been stayed by the United States Supreme Court. ) Tj ET Q q 0 0 0 rg BT 467.53 682.10 Td (This dynamic will ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (likely push coal-fired generators to increase their focus on maintaining regulatory compliance in the most ef) Tj ET Q q 0 0 0 rg BT 482.17 670.10 Td (ficient and cost ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (ef) Tj ET Q q 0 0 0 rg BT 57.59 658.10 Td (fective manner) Tj ET Q q 0 0 0 rg BT 116.88 658.10 Td (, while also responding to intermittent generating sources. ) Tj ET Q q 0 0 0 rg BT 350.71 658.10 Td (As coal plants age and they are dispatched with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (more variability rather than at base-load levels as they were designed, we expect that increased support will be required to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (assure reliable operation and continued compliance with environmental regulations. ) Tj ET Q q 0 0 0 rg BT 387.49 634.10 Td (W) Tj ET Q q 0 0 0 rg BT 396.12 634.10 Td (e expect that plants and owners will ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (require additional support as their aging workforce retires and on-site expertise is no longer as available as utilities allocate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (resources elsewhere in their power generation fleets.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (While the future is uncertain, we expect this will continue to drive a shift in utilities' purchasing desires towards variable cost ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (products and integrated solutions with low capital expenditure requirements and away from lar) Tj ET Q q 0 0 0 rg BT 429.15 574.10 Td (ge capital equipment and other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (fixed cost solutions that are less likely to have costs recovered given the uncertain operating life of many coal plants. ) Tj ET Q q 0 0 0 rg BT 519.95 562.10 Td (W) Tj ET Q q 0 0 0 rg BT 528.59 562.10 Td (e also ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (expect to see a continued trend towards outsourcing various aspects of plant operations to third party vendors and away from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (having integrated plant staf) Tj ET Q q 0 0 0 rg BT 158.95 538.10 Td (f. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 514.10 Td (e believe it is likely that many companies that are in the U.S. coal-related businesses, such as coal mines, coal-fired power ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (generators and coal-centric lar) Tj ET Q q 0 0 0 rg BT 171.14 502.10 Td (ge equipment providers will struggle to adapt to the changes expected in the coming ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (years.However) Tj ET Q q 0 0 0 rg BT 112.35 490.10 Td (, we see opportunities for companies that can of) Tj ET Q q 0 0 0 rg BT 303.50 490.10 Td (fer their customers creative and cost ef) Tj ET Q q 0 0 0 rg BT 458.24 490.10 Td (fective solutions that help ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (the U.S. coal-related businesses meet regulatory compliance, improve ef) Tj ET Q q 0 0 0 rg BT 339.44 478.10 Td (ficiency) Tj ET Q q 0 0 0 rg BT 370.99 478.10 Td (, lower costs and maintain reliability) Tj ET Q q 0 0 0 rg BT 516.42 478.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.44 454.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.03 454.10 Td ( our products, services and RC technology licenses available to coal-fired electrical generators ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (requiring solutions to assist with compliance with emissions standards, included: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 418.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 99 416.7669921875 m 142.8818359375 416.7669921875 l s q 0 0 0 rg BT 99.00 418.10 Td (Equipment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.88 418.10 Td (: ) Tj ET Q BT /F1 10.00 Tf ET /GS0 gs q 25.00 0 0 10.09 110.00 403.94 cm /I23 Do Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 406.10 Td (Low capital expenditure \(CAPEX\) mercury control technologies and systems such as ) Tj ET Q q 0 0 0 rg BT 487.40 406.10 Td (Activated Carbon ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 394.10 Td (Injection \(ACI\) systems, that ef) Tj ET Q q 0 0 0 rg BT 270.05 394.10 Td (fectively reduce mercury emissions over a broad range of plant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 382.10 Td (configurations and coal types; and ) Tj ET Q BT /F1 10.00 Tf ET /GS0 gs q 25.00 0 0 10.09 110.00 367.94 cm /I24 Do Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 370.10 Td (Dry Sorbent Injection systems \(DSI\) to reduce emissions of Sulfur Dioxide \("SO) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 467.64 368.96 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.24 370.10 Td ("\) and other acid gases ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 358.10 Td (such as Sulfur ) Tj ET Q q 0 0 0 rg BT 193.98 358.10 Td (T) Tj ET Q q 0 0 0 rg BT 199.74 358.10 Td (rioxide \("SO) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 250.76 356.96 Td (3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.36 358.10 Td ("\) and Hydrogen Chloride \("HCl"\).) Tj ET Q BT /F1 10.00 Tf ET /GS0 gs q 25.00 0 0 10.09 110.00 343.94 cm /I25 Do Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 346.10 Td (ADAir) Tj ET Q q 0 0 0 rg BT 162.57 346.10 Td (-Mixer) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 190.34 350.63 Td (TM) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 200.09 346.10 Td ( in-duct technology alters flue gas flow to improve mixing and optimize particle ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 334.10 Td (dispersion to reduce sorbent consumption for DSI and ) Tj ET Q q 0 0 0 rg BT 353.30 334.10 Td (ACI systems; and ) Tj ET Q BT /F1 10.00 Tf ET /GS0 gs q 25.00 0 0 10.09 110.00 319.94 cm /I26 Do Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 322.10 Td (ProRak) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 165.00 326.63 Td (TM) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.75 322.10 Td ( mercury process analyzer provides real-time mercury emissions measurements that incorporate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 310.10 Td (market leading continuous emissions monitoring systems \("CEMS"\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 286.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 99 284.7669921875 m 193.4287109375 284.7669921875 l s q 0 0 0 rg BT 99.00 286.10 Td (RC technology licenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.43 286.10 Td (:) Tj ET Q BT /F1 10.00 Tf ET /GS0 gs q 25.00 0 0 10.09 110.00 271.94 cm /I27 Do Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 274.10 Td (Our patented CyClean) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 224.42 277.73 Td (TM ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.52 274.10 Td (technology) Tj ET Q q 0 0 0 rg BT 277.30 274.10 Td (, a pre-combustion coal treatment process that provides electric power ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 262.10 Td (generators the ability to enhance combustion and reduce emissions of NO) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 429.92 260.96 Td (X) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.67 262.10 Td ( and mercury from coals burned ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 250.10 Td (in cyclone boilers; and) Tj ET Q BT /F1 10.00 Tf ET /GS0 gs q 25.00 0 0 10.09 110.00 235.94 cm /I28 Do Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 238.10 Td (Our patented M-45) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 211.65 241.73 Td (TM) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.44 238.10 Td ( and M-45-PC) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 276.67 241.73 Td (TM) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.46 238.10 Td ( technologies, which are proprietary pre-combustion coal treatment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 226.10 Td (technologies for circulating fluidized bed boilers and pulverized coal boilers, respectively) Tj ET Q q 0 0 0 rg BT 492.83 226.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 202.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 99 200.76699218750002 m 181.197265625 200.76699218750002 l s q 0 0 0 rg BT 99.00 202.10 Td (Chemicals and other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 181.20 202.10 Td (:) Tj ET Q BT /F1 10.00 Tf ET /GS0 gs q 25.00 0 0 10.09 110.00 187.94 cm /I29 Do Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 190.10 Td (Our M-Prove) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 188.60 193.73 Td (TM ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 197.70 190.10 Td ( technology) Tj ET Q q 0 0 0 rg BT 243.99 190.10 Td (, which is also incorporated in our RC technologies, provides a cost ef) Tj ET Q q 0 0 0 rg BT 524.30 190.10 Td (fective ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 178.10 Td (alternative to other halogen-based, oxidation chemicals used to enhance removal of mercury emissions. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 166.10 Td (M-Prove) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 170.55 169.73 Td (TM ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 179.65 166.10 Td ( technology mitigates coal treatment corrosion risks to minimize maintenance and repair costs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 154.10 Td (to enhance system reliability; and ) Tj ET Q BT /F1 10.00 Tf ET /GS0 gs q 25.00 0 0 10.09 110.00 139.94 cm /I30 Do Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 142.10 Td (Our RESPond) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 191.95 146.63 Td (TM) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 201.70 142.10 Td ( liquid chemical additive is a highly ef) Tj ET Q q 0 0 0 rg BT 355.09 142.10 Td (fective ash resistivity modifier for power plants ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 130.10 Td (operating cold-side electrostatic precipitators. Unlike SO) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 362.71 128.96 Td (3 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.60 130.10 Td (solutions, the incumbent chemical being used to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 118.10 Td (modify ash resistivity) Tj ET Q q 0 0 0 rg BT 221.01 118.10 Td (, the RESPond) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 279.63 122.63 Td (TM) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.38 118.10 Td ( additive does not interfere with or reduce the ef) Tj ET Q q 0 0 0 rg BT 481.62 118.10 Td (fectiveness of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 106.10 Td (activated carbon injected into the flue gas for purposes of reducing mercury emissions.) Tj ET Q endstream endobj 19 0 obj <> endobj 20 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 742.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 99 740.7669921875 m 180.3818359375 740.7669921875 l s q 0 0 0 rg BT 99.00 742.10 Td (Consulting services:) Tj ET Q BT /F1 10.00 Tf ET /GS0 gs q 25.00 0 0 10.09 110.00 727.94 cm /I31 Do Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 730.10 Td (W) Tj ET Q q 0 0 0 rg BT 143.64 730.10 Td (e provide general consulting services as requested by our customers related to emissions control. ) Tj ET Q BT /F1 10.00 Tf ET /GS0 gs q 25.00 0 0 10.09 110.00 715.94 cm /I32 Do Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 718.10 Td (W) Tj ET Q q 0 0 0 rg BT 143.64 718.10 Td (e provide our ) Tj ET Q q 0 0 0 rg BT 198.90 718.10 Td (ADA Health Check services to review the operational performance and ef) Tj ET Q q 0 0 0 rg BT 502.30 718.10 Td (ficiencies of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 706.10 Td (our customers' emissions control systems and provide recommendations for improvements; and ) Tj ET Q BT /F1 10.00 Tf ET /GS0 gs q 25.00 0 0 10.09 110.00 691.94 cm /I33 Do Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 694.10 Td (W) Tj ET Q q 0 0 0 rg BT 143.64 694.10 Td (e provide CEMS Reliability Program services that provide expert evaluation of customers CEMS ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 682.10 Td (systems and remediation of any identified operating issues.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 658.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 99 656.7669921875 m 168.140625 656.7669921875 l s q 0 0 0 rg BT 99.00 658.10 Td (Analytic services) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 168.14 658.10 Td (:) Tj ET Q BT /F1 10.00 Tf ET /GS0 gs q 25.00 0 0 10.09 110.00 643.94 cm /I34 Do Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 646.10 Td (Predictive Emissions Monitoring \("PEMS"\) is a virtual mercury process monitor that provides continuous ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 634.10 Td (monitoring of mercury levels in flue gas without the need for dedicated mercury \("Hg"\) process hardware ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 622.10 Td (and technical resources.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 99.90 598.10 Td (, as of December 31, 201) Tj ET Q q 0 0 0 rg BT 199.78 598.10 Td (1, CCS, an unconsolidated entity in which we own a 42.5% equity interest, had built and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (placed into service a total of 28 RC facilities designed to produce RC at coal-fired power plants. Coal-fired power plants use ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (RC as one of a portfolio of tools to help comply with MA) Tj ET Q q 0 0 0 rg BT 279.42 574.10 Td (TS and other environmental regulations. ) Tj ET Q q 0 0 0 rg BT 443.09 574.10 Td (These RC facilities produce ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (RC that qualifies for tax credits under Section 45 of the Internal Revenue Code \("IRC"\) \("IRC Section 45"\), including meeting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (the "placed in service" requirements \(hereafter referred to as "placed in service"\). ) Tj ET Q q 0 0 0 rg BT 377.37 550.10 Td (The law that provides for IRC Section 45 tax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (credits substantially expires in December 2019 for two of CCS's RC facilities placed in service in 2009 and in December 2021 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (for 26 RC facilities built and placed in service in 201) Tj ET Q q 0 0 0 rg BT 261.80 526.10 Td (1. Once an RC facility is in operation, CCS may enter into contracts with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (tax equity investors to lease or sell the RC facility) Tj ET Q q 0 0 0 rg BT 249.03 514.10 Td (, which we refer to as an "invested" RC facility) Tj ET Q q 0 0 0 rg BT 437.04 514.10 Td (. RC facilities that are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (producing RC but CCS has not leased or sold are referred to as "retained" RC facilities where by the tax benefits may be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (realized by the owners of CCS. ) Tj ET Q q 0 0 0 rg BT 176.92 490.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 201.36 490.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.95 490.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.95 490.10 Td (14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.95 490.10 Td ( RC facilities were producing RC at utility sites with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.70 490.10 Td (12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.70 490.10 Td ( invested ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.94 478.10 Td (two) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.94 478.10 Td ( retained. During the fourth quarter of 2015, CCS ceased full-time operation of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.90 478.10 Td (three) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.89 478.10 Td ( retained facilities while it awaits ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (final commitments for the purchase or lease of such facilities by tax equity investors. ) Tj ET Q q 0 0 0 rg BT 392.22 466.10 Td (The remaining ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.31 466.10 Td (14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.31 466.10 Td ( RC facilities, although ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (placed in service, were either installed but not operating, awaiting site selection or in various other stages of contract ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (negotiation, permanent installation or beginning full-time operations. ) Tj ET Q q 0 0 0 rg BT 328.55 442.10 Td (A) Tj ET Q q 0 0 0 rg BT 335.22 442.10 Td ( current tax equity investor has notified CCS that it will ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (terminate the investment ef) Tj ET Q q 0 0 0 rg BT 158.95 430.10 Td (fective in ) Tj ET Q q 0 0 0 rg BT 198.37 430.10 Td (April 2016 and CCS will seek a new tax equity investor for that RC facility) Tj ET Q q 0 0 0 rg BT 499.34 430.10 Td (. Of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (remaining ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.04 418.10 Td (14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.04 418.10 Td ( RC facilities, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 160.81 418.10 Td (eight) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 180.81 418.10 Td ( have been permanently installed, including the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.41 418.10 Td (three) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.40 418.10 Td ( RC facilities for which operations were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (suspended during the fourth quarter of 2015, and are ready to operate pending final commitments for the purchase or lease of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (such facilities by tax equity investors. ) Tj ET Q q 0 0 0 rg BT 203.40 394.10 Td (The remaining facilities are awaiting site selection or in various other stages of contract ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (negotiation, permanent installation or commissioning. Some of the remaining RC facilities are expected to produce RC in 2016. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (One of the invested facilities is owned by RCM6, of which the Company owned 24.95% at December 31, 2015 but sold during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (the first quarter of 2016. ) Tj ET Q q 0 0 0 rg BT 149.42 358.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 199.32 358.10 Td (, in March 2016, CCS entered into an agreement to lease one of its remaining RC facilities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td (to a third-party) Tj ET Q q 0 0 0 rg BT 109.33 346.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (Although we intend to utilize the tax credits generated by producing RC, it is also financially advantageous to lease or sell the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (RC facilities to tax equity investors. ) Tj ET Q q 0 0 0 rg BT 196.19 310.10 Td (The tax equity investor for a particular RC facility pays the operating expenses of the RC ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (facility and also pays CCS either an installment purchase price or lease rental fee, and in return accrues significant tax benefits, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (including IRC Section 45 tax credits. ) Tj ET Q q 0 0 0 rg BT 200.63 286.10 Td (The Company benefits from equity income and distributions accruing through its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (investment in CCS. ) Tj ET Q q 0 0 0 rg BT 130.38 274.10 Td (T) Tj ET Q q 0 0 0 rg BT 135.79 274.10 Td (ax equity investors, including the Company) Tj ET Q q 0 0 0 rg BT 309.56 274.10 Td (, may benefit from their investment through the realization of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (tax assets and credits from the production of RC. ) Tj ET Q q 0 0 0 rg BT 247.74 262.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.18 262.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.77 262.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.21 262.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.21 262.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 442.87 262.10 Td (, the tax credits received ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (under IRC Section 45 were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.36 250.10 Td ($6.71) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 183.86 250.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.30 250.10 Td ($6.60) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 225.80 250.10 Td ( per ton of coal produced. ) Tj ET Q q 0 0 0 rg BT 330.86 250.10 Td (The value of the IRC Section 45 tax credits are adjusted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td (annually based on inflation adjustment factors published in the Federal Register) Tj ET Q q 0 0 0 rg BT 368.81 238.10 Td (. ) Tj ET Q q 0 0 0 rg BT 373.26 238.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.71 238.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.29 238.10 Td (, we have received ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (substantial tax credits and benefits from RC facilities operated for the benefit of CCS but have not yet been able to utilize tax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td (benefits and credits from the production of RC due to our Net Operating Losses \("NOL"\). See ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.91 214.10 Td (Note 16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.84 214.10 Td ( to our Consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (Financial Statements for additional information regarding our deferred taxes. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.05 178.10 Td (14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.05 178.10 Td ( RC facilities producing RC as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 213.86 178.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.45 178.10 Td ( are operated by our 50% owned entity) Tj ET Q q 0 0 0 rg BT 447.02 178.10 Td (, CCSS under operating and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.10 Td (maintenance agreements with the owners or lessees of the RC facilities. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 142.10 Td (Legislation and Envir) Tj ET Q q 0 0 0 rg BT 142.62 142.10 Td (onmental Regulations ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 118.10 Td (Federal Mercury and ) Tj ET Q q 0 0 0 rg BT 140.46 118.10 Td (Air T) Tj ET Q q 0 0 0 rg BT 161.49 118.10 Td (oxic Standards \(MA) Tj ET Q q 0 0 0 rg BT 248.73 118.10 Td (TS\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.10 Td (On December16, 201) Tj ET Q q 0 0 0 rg BT 137.93 94.10 Td (1, the EP) Tj ET Q q 0 0 0 rg BT 173.40 94.10 Td (A) Tj ET Q q 0 0 0 rg BT 180.07 94.10 Td ( issued the final MA) Tj ET Q q 0 0 0 rg BT 260.62 94.10 Td (TS rule, which took ef) Tj ET Q q 0 0 0 rg BT 350.14 94.10 Td (fect on ) Tj ET Q q 0 0 0 rg BT 379.58 94.10 Td (April 16, 2012. In light of legal challenges to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.10 Td (the final rules, the EP) Tj ET Q q 0 0 0 rg BT 135.45 82.10 Td (A) Tj ET Q q 0 0 0 rg BT 142.12 82.10 Td ( voluntarily stayed the ef) Tj ET Q q 0 0 0 rg BT 241.35 82.10 Td (fectiveness of the MA) Tj ET Q q 0 0 0 rg BT 328.83 82.10 Td (TS rule on July 20, 2012 pending further reconsideration ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 70.10 Td (of the air pollution limits for new power plants until March 28, 2013 when the EP) Tj ET Q q 0 0 0 rg BT 376.25 70.10 Td (A) Tj ET Q q 0 0 0 rg BT 382.92 70.10 Td ( finalized the MA) Tj ET Q q 0 0 0 rg BT 452.62 70.10 Td (TS rule. ) Tj ET Q q 0 0 0 rg BT 487.16 70.10 Td (The EP) Tj ET Q q 0 0 0 rg BT 515.96 70.10 Td (A) Tj ET Q q 0 0 0 rg BT 522.63 70.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 58.10 Td (structured the MA) Tj ET Q q 0 0 0 rg BT 122.21 58.10 Td (TS rule as a MACT) Tj ET Q q 0 0 0 rg BT 200.17 58.10 Td (-based hazardous pollutant regulation applicable to coal and oil-fired Electric Utility ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 46.10 Td (Steam Generating Units \(EGU\), that generate electricity via steam turbines, which provides for) Tj ET Q q 0 0 0 rg BT 438.91 46.10 Td (, among other provisions, ) Tj ET Q endstream endobj 21 0 obj <> endobj 22 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (control of mercury and particulate matter) Tj ET Q q 0 0 0 rg BT 214.25 742.10 Td (, and control of acid gases such as HCl and other Hazardous ) Tj ET Q q 0 0 0 rg BT 459.18 742.10 Td (Air Pollutants \(HAPs\). ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (The EP) Tj ET Q q 0 0 0 rg BT 78.80 730.10 Td (A) Tj ET Q q 0 0 0 rg BT 85.47 730.10 Td ( issued a final rule for new source standards on March28, 2013. ) Tj ET Q q 0 0 0 rg BT 344.38 730.10 Td (The MACT) Tj ET Q q 0 0 0 rg BT 391.14 730.10 Td ( standards are also known as National ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (Emission Standards for Hazardous ) Tj ET Q q 0 0 0 rg BT 190.53 718.10 Td (Air Pollutants \("NESHAP"\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (The MA) Tj ET Q q 0 0 0 rg BT 83.05 694.10 Td (TS rule for existing HAP) Tj ET Q q 0 0 0 rg BT 183.23 694.10 Td ( sources establishes standards for certain HAPs emitted by coal and oil fired EGUs with a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (capacity of 25 megawatts or greater) Tj ET Q q 0 0 0 rg BT 192.44 682.10 Td (. ) Tj ET Q q 0 0 0 rg BT 196.88 682.10 Td (According to our estimates the standard sets a limit that we believe requires the capture of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (up to 80-90% of the mercury in the coal burned in electric power generation boilers as measured at the exhaust stack outlet for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (most plants. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (Unless an extension was obtained, existing HAP) Tj ET Q q 0 0 0 rg BT 243.77 634.10 Td ( sources were required to comply with the MA) Tj ET Q q 0 0 0 rg BT 429.28 634.10 Td (TS standards by ) Tj ET Q q 0 0 0 rg BT 495.66 634.10 Td (April 2015. ) Tj ET Q q 0 0 0 rg BT 543.72 634.10 Td (An ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (authorized state permitting authority has the ability to grant HAP) Tj ET Q q 0 0 0 rg BT 309.85 622.10 Td ( sources up to a one year extension, on a case by case basis, if ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (such additional time is necessary for the installation of controls. HAP) Tj ET Q q 0 0 0 rg BT 327.63 610.10 Td ( sources may also request an additional year extension by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (obtaining an ) Tj ET Q q 0 0 0 rg BT 101.66 598.10 Td (Administrative Order \("AO"\) from EP) Tj ET Q q 0 0 0 rg BT 254.43 598.10 Td (A. ) Tj ET Q q 0 0 0 rg BT 266.10 598.10 Td (According to our estimates based on conversations with plant operators ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (and industry estimates, we believe that MA) Tj ET Q q 0 0 0 rg BT 222.46 586.10 Td (TS compliance extensions were granted for more than 400 boilers.Some of these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (plants have announced retirement or are switching fuel from coal to natural gas, as described above, but we believe an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (opportunity to license our technologies and sell our products and services remains at a significant number of coal-fired ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (boilers.Based on EP) Tj ET Q q 0 0 0 rg BT 132.41 550.10 Td (A) Tj ET Q q 0 0 0 rg BT 139.08 550.10 Td ( compliance data available in 2015, approximately 262 af) Tj ET Q q 0 0 0 rg BT 368.54 550.10 Td (fected units were reporting Hg emissions, as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (required without an extension. ) Tj ET Q q 0 0 0 rg BT 173.96 538.10 Td (W) Tj ET Q q 0 0 0 rg BT 182.59 538.10 Td (e are aware of ) Tj ET Q q 0 0 0 rg BT 240.88 538.10 Td (AO extensions having been granted to units. ) Tj ET Q q 0 0 0 rg BT 420.67 538.10 Td (W) Tj ET Q q 0 0 0 rg BT 429.31 538.10 Td (e expect that all other units still ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (in operation after ) Tj ET Q q 0 0 0 rg BT 120.81 526.10 Td (April 2016 will be required to comply with MA) Tj ET Q q 0 0 0 rg BT 310.78 526.10 Td (TS emission limits and will have implemented necessary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (technologies to comply with the environmental regulations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (On November 25, 2014, the Supreme Court agreed to review a decision by the U.S. Court of ) Tj ET Q q 0 0 0 rg BT 422.42 490.10 Td (Appeals for the District of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (Columbia Circuit \("DC Circuit"\) on ) Tj ET Q q 0 0 0 rg BT 195.65 478.10 Td (April 15, 2014 to uphold MA) Tj ET Q q 0 0 0 rg BT 312.32 478.10 Td (TS in a lawsuit brought by the Utility ) Tj ET Q q 0 0 0 rg BT 463.98 478.10 Td (Air Regulatory Group, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (the National Mining ) Tj ET Q q 0 0 0 rg BT 133.05 466.10 Td (Association and a group of 21 states. ) Tj ET Q q 0 0 0 rg BT 285.34 466.10 Td (The Supreme Court considered whether the EP) Tj ET Q q 0 0 0 rg BT 472.70 466.10 Td (A) Tj ET Q q 0 0 0 rg BT 479.37 466.10 Td ( unreasonably ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (refused to consider costs in determining whether regulation of HAPs emitted by electric utilities is appropriate. ) Tj ET Q q 0 0 0 rg BT 496.09 454.10 Td (The Supreme ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (Court heard ar) Tj ET Q q 0 0 0 rg BT 107.57 442.10 Td (guments in March 2015. On June 29, 2015, the Supreme Court ruled that the EP) Tj ET Q q 0 0 0 rg BT 427.44 442.10 Td (A) Tj ET Q q 0 0 0 rg BT 434.11 442.10 Td ( must reconsider the MA) Tj ET Q q 0 0 0 rg BT 532.43 442.10 Td (TS ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (rules as it did not properly take into account the costs of the regulations before deciding to adopt them as an "appropriate and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (necessary" regulation of EGUs. ) Tj ET Q q 0 0 0 rg BT 178.58 418.10 Td (The decision remanded the case back to the D.C. Circuit. On November 20, 2015, the EP) Tj ET Q q 0 0 0 rg BT 534.24 418.10 Td (A) Tj ET Q q 0 0 0 rg BT 540.91 418.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (proposed a supplemental finding that consideration of cost does not alter the agency) Tj ET Q q 0 0 0 rg BT 388.79 406.10 Td (s previous conclusion that it is appropriate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (and necessary to regulate coal- and oil-fired EGUs under section 1) Tj ET Q q 0 0 0 rg BT 315.64 394.10 Td (12 of the Clean ) Tj ET Q q 0 0 0 rg BT 378.96 394.10 Td (Air ) Tj ET Q q 0 0 0 rg BT 394.24 394.10 Td (Act \("CAA"\). On December 1, 2015, the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (EP) Tj ET Q q 0 0 0 rg BT 60.75 382.10 Td (A) Tj ET Q q 0 0 0 rg BT 67.42 382.10 Td ( submitted the proposed supplemental finding for public comment. ) Tj ET Q q 0 0 0 rg BT 336.64 382.10 Td (The proposed supplemental finding does not af) Tj ET Q q 0 0 0 rg BT 524.75 382.10 Td (fect ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (power plants) Tj ET Q q 0 0 0 rg BT 103.96 370.10 Td ( compliance obligations or the steps that many plants have taken and continue to make to meet those obligations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (by installing controls and technologies to reduce toxic air emissions. On December 15, 2015 the D.C. Circuit issued a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td (unanimous order rejecting a motion by multiple utilities and states seeking to halt the MA) Tj ET Q q 0 0 0 rg BT 408.27 346.10 Td (TS program while the EP) Tj ET Q q 0 0 0 rg BT 509.00 346.10 Td (A) Tj ET Q q 0 0 0 rg BT 515.67 346.10 Td ( completes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (its cost analysis, which is expected in ) Tj ET Q q 0 0 0 rg BT 201.64 334.10 Td (April 2016. On February 23, 2016, twenty states petitioned the Supreme Court to stay ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (MA) Tj ET Q q 0 0 0 rg BT 65.00 322.10 Td (TS during this period, but the petition was denied on March 3, 2016, and MA) Tj ET Q q 0 0 0 rg BT 373.57 322.10 Td (TS remains in ef) Tj ET Q q 0 0 0 rg BT 439.77 322.10 Td (fect.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (State Mercury and ) Tj ET Q q 0 0 0 rg BT 128.80 298.10 Td (Air T) Tj ET Q q 0 0 0 rg BT 149.83 298.10 Td (oxics Regulations ) Tj ET Q q 0 0 0 rg BT 225.02 298.10 Td (Af) Tj ET Q q 0 0 0 rg BT 234.84 298.10 Td (fecting EGUs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (In addition to federal MA) Tj ET Q q 0 0 0 rg BT 151.64 274.10 Td (TS rules, certain states have their own mercury rules that are similar to, or more stringent than, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (MA) Tj ET Q q 0 0 0 rg BT 65.00 262.10 Td (TS, and power plants around the country are subject to consent decrees that require the control of acid gases and particulate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (matter) Tj ET Q q 0 0 0 rg BT 75.14 250.10 Td (, in addition to mercury emissions. Seventeen states have mercury-specific rules that af) Tj ET Q q 0 0 0 rg BT 423.18 250.10 Td (fect more than 260 generating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td (units. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td (Industrial Boilers MACT) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.10 Td (In January 2013, the EP) Tj ET Q q 0 0 0 rg BT 144.90 190.10 Td (A) Tj ET Q q 0 0 0 rg BT 151.57 190.10 Td ( issued the final set of adjustments to the MACT) Tj ET Q q 0 0 0 rg BT 344.79 190.10 Td (-based air toxics standards originally finalized in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td (March 201) Tj ET Q q 0 0 0 rg BT 93.23 178.10 Td (1 for industrial boilers, including mercury) Tj ET Q q 0 0 0 rg BT 260.32 178.10 Td (, particulate matter) Tj ET Q q 0 0 0 rg BT 335.16 178.10 Td (, and acid gas emission limits. Existing boilers must ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.10 Td (comply by January 31, 2016. Non-major source boilers \(area sources\) and major source boilers that began operations on or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.10 Td (after June 4, 2010 were required to be compliant by March 21, 2014 and January 31, 2013, respectively) Tj ET Q q 0 0 0 rg BT 463.39 154.10 Td (. ) Tj ET Q q 0 0 0 rg BT 467.84 154.10 Td (An authorized state ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.10 Td (permitting authority has the ability to grant sources up to a one-year extension, on a case by case basis, if such additional time ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.10 Td (is necessary for the installation of controls. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.10 Td (The EP) Tj ET Q q 0 0 0 rg BT 78.80 106.10 Td (A) Tj ET Q q 0 0 0 rg BT 85.47 106.10 Td ( estimates that approximately 600 coal-fired boilers will be af) Tj ET Q q 0 0 0 rg BT 331.60 106.10 Td (fected by the industrial boiler MACT) Tj ET Q q 0 0 0 rg BT 480.55 106.10 Td ( \(IBMACT\), in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.10 Td (industries such as pulp and paper) Tj ET Q q 0 0 0 rg BT 181.92 94.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 70.10 Td (On December 1, 2014, the EP) Tj ET Q q 0 0 0 rg BT 168.77 70.10 Td (A) Tj ET Q q 0 0 0 rg BT 175.44 70.10 Td ( announced the reconsideration of the IBMACT) Tj ET Q q 0 0 0 rg BT 366.88 70.10 Td ( and proposed amendments to the version ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 58.10 Td (published January 31, 2013, representing technical corrections and clarifications. ) Tj ET Q q 0 0 0 rg BT 376.38 58.10 Td (The proposed amendments do not af) Tj ET Q q 0 0 0 rg BT 521.99 58.10 Td (fect the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 46.10 Td (applicability of the final rule. ) Tj ET Q endstream endobj 23 0 obj <> endobj 24 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (8) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Cement MACT) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.25 Td (In addition to issuing standards covering electric power generators, the EP) Tj ET Q q 0 0 0 rg BT 346.50 718.25 Td (A) Tj ET Q q 0 0 0 rg BT 353.17 718.25 Td ( has developed a MACT) Tj ET Q q 0 0 0 rg BT 450.00 718.25 Td (-based mercury emissions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.25 Td (regulation for the Portland cement industry through amendments to the National Emission Standards for HAPs \(the Cement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.25 Td (MACT\). ) Tj ET Q q 0 0 0 rg BT 91.48 694.25 Td (The EP) Tj ET Q q 0 0 0 rg BT 120.28 694.25 Td (A) Tj ET Q q 0 0 0 rg BT 126.95 694.25 Td ( published the final Cement MACT) Tj ET Q q 0 0 0 rg BT 268.69 694.25 Td ( regulation on February12, 2013 with compliance required by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.25 Td (September9, 2015. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.25 Td (An authorized state permitting authority has the ability to grant sources up to a one year extension, on a case by case basis, if ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.25 Td (such additional time is necessary for the installation of controls. ) Tj ET Q q 0 0 0 rg BT 307.81 646.25 Td (The standards for new kilns apply to facilities where ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.25 Td (construction, modification, or reconstruction commenced after May6, 2009. ) Tj ET Q q 0 0 0 rg BT 358.34 634.25 Td (The Cement MACT) Tj ET Q q 0 0 0 rg BT 438.70 634.25 Td ( requires, in part, cement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.25 Td (plants to reduce 92% of mercury emissions and 83% of hydrocarbons emissions. ) Tj ET Q q 0 0 0 rg BT 375.03 622.25 Td (The EP) Tj ET Q q 0 0 0 rg BT 403.83 622.25 Td (A) Tj ET Q q 0 0 0 rg BT 410.50 622.25 Td ( estimated that the rule would af) Tj ET Q q 0 0 0 rg BT 539.17 622.25 Td (fect ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.25 Td (156 kilns operating as of 2013. In an analysis published in 2010, the EP) Tj ET Q q 0 0 0 rg BT 335.99 610.25 Td (A) Tj ET Q q 0 0 0 rg BT 342.66 610.25 Td ( estimated that the industry average mercury ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.25 Td (emissions were 1) Tj ET Q q 0 0 0 rg BT 118.51 598.25 Td (1) Tj ET Q q 0 0 0 rg BT 123.13 598.25 Td (1 pounds per million tons of clinker) Tj ET Q q 0 0 0 rg BT 266.05 598.25 Td (, which is produced in the manufacture of Portland cement. ) Tj ET Q q 0 0 0 rg BT 505.24 598.25 Td (The Cement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.25 Td (MACT) Tj ET Q q 0 0 0 rg BT 78.71 586.25 Td ( limits emissions to 55 pounds per million tons of clinker) Tj ET Q q 0 0 0 rg BT 306.48 586.25 Td (. ) Tj ET Q q 0 0 0 rg BT 311.30 586.25 Td (The EP) Tj ET Q q 0 0 0 rg BT 340.10 586.25 Td (A) Tj ET Q q 0 0 0 rg BT 346.77 586.25 Td ( identified activated carbon injection or wet scrubbers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.25 Td (as options to meet mercury emission limits. Plants must also meet emissions limits of three parts per million for HCl. ) Tj ET Q q 0 0 0 rg BT 520.88 574.25 Td (The EP) Tj ET Q q 0 0 0 rg BT 549.68 574.25 Td (A) Tj ET Q q 0 0 0 rg BT 556.35 574.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.25 Td (estimated that 120 existing kilns would require scrubbers to meet the proposed HCl standards and four could meet the standard ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.25 Td (using dry lime injection. ) Tj ET Q q 0 0 0 rg BT 150.08 550.25 Td (The Company of) Tj ET Q q 0 0 0 rg BT 217.67 550.25 Td (fers both ) Tj ET Q q 0 0 0 rg BT 254.88 550.25 Td (ACI and DSI systems to help companies meet the regulation.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 526.25 Td (SO) Tj ET Q BT /F3 10.00 Tf ET BT /F3 6.50 Tf ET q 0 0 0 rg BT 62.78 524.82 Td (2) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 66.03 526.25 Td ( and Particulate Matter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.25 Td (The EP) Tj ET Q q 0 0 0 rg BT 78.80 502.25 Td (A) Tj ET Q q 0 0 0 rg BT 85.47 502.25 Td ( established National ) Tj ET Q q 0 0 0 rg BT 171.28 502.25 Td (Ambient ) Tj ET Q q 0 0 0 rg BT 208.23 502.25 Td (Air Quality Standards \("NAAQS"\) that have resulted in several rules including the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.25 Td (Cross State ) Tj ET Q q 0 0 0 rg BT 97.23 490.25 Td (Air Pollution Rule \("CSAPR"\), which were designed to significantly improve air quality by reducing power plant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.25 Td (emissions that contribute to ozone and/or fine particle pollution in other states. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.25 Td (On July 6, 201) Tj ET Q q 0 0 0 rg BT 108.52 454.25 Td (1, the EP) Tj ET Q q 0 0 0 rg BT 143.99 454.25 Td (A) Tj ET Q q 0 0 0 rg BT 150.66 454.25 Td ( finalized CSAPR and on November 21, 2014, following several court actions, the EP) Tj ET Q q 0 0 0 rg BT 493.01 454.25 Td (A) Tj ET Q q 0 0 0 rg BT 499.68 454.25 Td ( realigned ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.25 Td (compliance deadlines as required by the DC Circuit. Currently) Tj ET Q q 0 0 0 rg BT 299.56 442.25 Td (, CSAPR Phase 1 implementation is scheduled for 2015 and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.25 Td (2016, with Phase 2 beginning in 2017. Implementation is achieved through establishing state-specific emission budgets. 28 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.25 Td (states have been identified under CSAPR to limit SO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 262.20 416.82 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.45 418.25 Td ( and NO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 299.33 416.82 Td (x) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.58 418.25 Td ( emissions either year) Tj ET Q q 0 0 0 rg BT 389.30 418.25 Td (-round or during the summer time. Based ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.25 Td (on published emission data and announced coal plant retirements or announcements to repower plants with natural gas, we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.25 Td (believe that most af) Tj ET Q q 0 0 0 rg BT 128.40 394.25 Td (fected states will meet 2017 emissions budgets without new controls. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.25 Td (On ) Tj ET Q q 0 0 0 rg BT 64.17 370.25 Td (August 10, 2015, the EP) Tj ET Q q 0 0 0 rg BT 161.03 370.25 Td (A) Tj ET Q q 0 0 0 rg BT 167.70 370.25 Td ( finalized the NAAQS Data Requirements rule \(DDR\) that addresses the need for additional air ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.25 Td (quality data in areas that do not have suf) Tj ET Q q 0 0 0 rg BT 211.44 358.25 Td (ficient monitoring required to allow the EP) Tj ET Q q 0 0 0 rg BT 382.70 358.25 Td (A) Tj ET Q q 0 0 0 rg BT 389.37 358.25 Td ( to carry out the 2010 revised SO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 521.84 356.82 Td (2 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.72 358.25 Td (NAAQS ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.25 Td (\(2010 1-hour SO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 122.21 344.82 Td (2 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 127.09 346.25 Td (NAAQS\). ) Tj ET Q q 0 0 0 rg BT 174.12 346.25 Td (The DDR directs states and tribal air agencies to characterize current air quality in areas with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.25 Td (lar) Tj ET Q q 0 0 0 rg BT 60.37 334.25 Td (ge SO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 85.09 332.82 Td (2 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.96 334.25 Td (sources \(2,000 tons per year or greater\). ) Tj ET Q q 0 0 0 rg BT 251.66 334.25 Td (The DDR requires air agencies to establish ambient monitoring sites or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.25 Td (conduct air quality modeling, and submit air quality data to the EP) Tj ET Q q 0 0 0 rg BT 315.14 322.25 Td (A) Tj ET Q q 0 0 0 rg BT 321.81 322.25 Td ( or) Tj ET Q q 0 0 0 rg BT 332.24 322.25 Td (, establish federally enforceable emission limit\(s\) and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.25 Td (provide documentation of the limit\(s\) and compliance to the EP) Tj ET Q q 0 0 0 rg BT 303.74 310.25 Td (A) Tj ET Q q 0 0 0 rg BT 310.41 310.25 Td ( by 2017. ) Tj ET Q q 0 0 0 rg BT 350.23 310.25 Td (The EP) Tj ET Q q 0 0 0 rg BT 379.03 310.25 Td (A) Tj ET Q q 0 0 0 rg BT 385.70 310.25 Td ( will use this information for future ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.25 Td (designations under the 2010 1-hour SO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 206.92 296.82 Td (2 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 211.80 298.25 Td (NAAQS. Of the areas that had suf) Tj ET Q q 0 0 0 rg BT 348.53 298.25 Td (ficient air quality monitoring in place from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.25 Td (2009-201) Tj ET Q q 0 0 0 rg BT 87.96 286.25 Td (1 to be tested against the 2010 1-hour SO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 253.49 284.82 Td (2 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.36 286.25 Td (NAAQS, the EP) Tj ET Q q 0 0 0 rg BT 323.28 286.25 Td (A) Tj ET Q q 0 0 0 rg BT 329.95 286.25 Td ( designated 29 areas in 16 states as Non-attainment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.25 Td (Areas. ) Tj ET Q q 0 0 0 rg BT 78.14 274.25 Td (Those states submitted State Implementation Plans \("SIP"\) by ) Tj ET Q q 0 0 0 rg BT 327.94 274.25 Td (April 4, 2015 demonstrating how the areas will meet the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.25 Td (2010 1-hour SO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 114.44 260.82 Td (2 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 119.32 262.25 Td (NAAQS by July 15, 2018 \(5 years after the non-attainment designation\). Per the agreement between the EP) Tj ET Q q 0 0 0 rg BT 548.84 262.25 Td (A) Tj ET Q q 0 0 0 rg BT 555.51 262.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.25 Td (and the Sierra Club and National Resources Defense Council, which was accepted as an enforceable order by the Northern ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.25 Td (District of California on March 2, 2015 to resolve litigation concerning the completion of designations, the EP) Tj ET Q q 0 0 0 rg BT 490.65 238.25 Td (A) Tj ET Q q 0 0 0 rg BT 497.32 238.25 Td ( must complete ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.25 Td (designations for all remaining areas in the country in up to three additional rounds: the first, by July 2, 2016, the second by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.25 Td (December 31, 2017, and the final round by December 31, 2020. On ) Tj ET Q q 0 0 0 rg BT 322.15 214.25 Td (April 23, 2014, the EP) Tj ET Q q 0 0 0 rg BT 411.23 214.25 Td (A) Tj ET Q q 0 0 0 rg BT 417.90 214.25 Td ( recognized in a memorandum ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.25 Td (regarding guidance for 1-hour SO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 185.51 200.82 Td (2 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 190.39 202.25 Td (Non-attainment ) Tj ET Q q 0 0 0 rg BT 255.09 202.25 Td (Area SIP) Tj ET Q q 0 0 0 rg BT 291.10 202.25 Td ( Submissions that the emission control equipment used to comply ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.25 Td (with the EGU MA) Tj ET Q q 0 0 0 rg BT 123.05 190.25 Td (TS and IB and Cement MACTS regulations will concurrently reduce SO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 414.11 188.82 Td (2 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.98 190.25 Td (emissions. ) Tj ET Q q 0 0 0 rg BT 463.25 190.25 Td (W) Tj ET Q q 0 0 0 rg BT 471.89 190.25 Td (e expect that the SO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 552.41 188.82 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 555.66 190.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.25 Td (NAAQS will impact several plants in af) Tj ET Q q 0 0 0 rg BT 209.79 178.25 Td (fected areas that have inadequate or nonexistent SO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 416.65 176.82 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.90 178.25 Td ( controls installed. Some of these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.25 Td (plants are expected to rely on DSI to meet control requirements. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.25 Td (In 1999, the EP) Tj ET Q q 0 0 0 rg BT 111.30 142.25 Td (A) Tj ET Q q 0 0 0 rg BT 117.97 142.25 Td ( established the Regional Haze Rule \("RHR"\) to improve air quality in national parks and wilderness areas. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.25 Td (States must meet requirements established in their specific Regional Haze Plan prior to 2018, with equipment typically ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.25 Td (installed by 2017, while meeting reasonable progress goals prior to that. In 2018 the state plans will be reevaluated and revised ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.25 Td (as necessary to set new progress goals and strategies to meet the goals. NO) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 349.92 105.11 Td (X) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.67 106.25 Td (, SO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 371.46 104.82 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.70 106.25 Td ( and particulate matter all can contribute to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.25 Td (regional haze. Some of these plants may use the Company's services to help meet the limits imposed by the rules.) Tj ET Q endstream endobj 25 0 obj <> endobj 26 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (9) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Ef) Tj ET Q q 0 0 0 rg BT 59.82 742.25 Td (fluent Limitation Guidelines and Coal Combustion Residuals) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.25 Td (On September 30, 2015, the EP) Tj ET Q q 0 0 0 rg BT 175.45 718.25 Td (A) Tj ET Q q 0 0 0 rg BT 182.12 718.25 Td ( set the first federal limits on the levels of toxic metals in wastewater that can be dischar) Tj ET Q q 0 0 0 rg BT 534.33 718.25 Td (ged ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.25 Td (from power plants. ) Tj ET Q q 0 0 0 rg BT 128.13 706.25 Td (The final rule requires, among other things, zero dischar) Tj ET Q q 0 0 0 rg BT 352.88 706.25 Td (ge for fly ash transport water) Tj ET Q q 0 0 0 rg BT 468.27 706.25 Td (, and limits on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.25 Td (mercury) Tj ET Q q 0 0 0 rg BT 82.67 694.25 Td (, arsenic, selenium, and nitrate from flue gas desulfurization \("FGD"\) wastewater \(also known as "legacy wastewater"\). ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.25 Td (Plants must comply with limits for legacy wastewater by November 1, 2018 with a possible extension to December 31, 2023 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.25 Td (with state approval. ) Tj ET Q q 0 0 0 rg BT 130.54 670.25 Td (Although halogens are not directly regulated in the ef) Tj ET Q q 0 0 0 rg BT 344.17 670.25 Td (fluent guidelines, some halogens may impact the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.25 Td (ef) Tj ET Q q 0 0 0 rg BT 57.59 658.25 Td (fectiveness of biological wastewater treatment systems such are often used for selenium. On December 19, 2014, the EP) Tj ET Q q 0 0 0 rg BT 538.19 658.25 Td (A) Tj ET Q q 0 0 0 rg BT 544.86 658.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.25 Td (issued a final rule that implemented a set of requirements for the safe disposal of coal combustion residuals \("CCRE"\) that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.25 Td (included regulations of fly ash as a solid waste and not a hazardous waste. ) Tj ET Q q 0 0 0 rg BT 348.90 634.25 Td (The final rule af) Tj ET Q q 0 0 0 rg BT 413.41 634.25 Td (fects both existing and new CCRs, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.25 Td (including lateral expansions of any existing unit with respect to reducing the risk of catastrophic failure, protecting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.25 Td (groundwater) Tj ET Q q 0 0 0 rg BT 100.14 610.25 Td (, operating criteria, record keeping, inactive units, state programs, and closure. ) Tj ET Q q 0 0 0 rg BT 416.23 610.25 Td (W) Tj ET Q q 0 0 0 rg BT 424.87 610.25 Td (e expect that these regulations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.25 Td (and restrictions on CCRs including fly ash and liquid ef) Tj ET Q q 0 0 0 rg BT 272.85 598.25 Td (fluents will generate a continuous market beginning in the 2017 through ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.25 Td (2018 time-frame for technologies and operating approaches to reduce liquid ef) Tj ET Q q 0 0 0 rg BT 364.15 586.25 Td (fluents and stabilize the resulting concentrated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.25 Td (mixtures using fly ash. ) Tj ET Q q 0 0 0 rg BT 143.42 574.25 Td (The Company is evaluating whether to develop new products to help plants comply with these rules and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.25 Td (how these rules may af) Tj ET Q q 0 0 0 rg BT 142.01 562.25 Td (fect current product of) Tj ET Q q 0 0 0 rg BT 231.51 562.25 Td (ferings.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 538.25 Td (Additional Legislation and Regulations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.25 Td (On December15, 2009, the EP) Tj ET Q q 0 0 0 rg BT 173.77 514.25 Td (A) Tj ET Q q 0 0 0 rg BT 180.44 514.25 Td ( issued an endangerment finding that triggered a Clean ) Tj ET Q q 0 0 0 rg BT 401.21 514.25 Td (Air ) Tj ET Q q 0 0 0 rg BT 416.49 514.25 Td (Act requirement that the agency ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.25 Td (regulate CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 98.59 500.82 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.84 502.25 Td ( emissions from stationary sources such as power plants. ) Tj ET Q q 0 0 0 rg BT 330.51 502.25 Td (The DC Circuit upheld the finding on June 26, 2012. ) Tj ET Q q 0 0 0 rg BT 543.82 502.25 Td (As ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.25 Td (required by the Clean ) Tj ET Q q 0 0 0 rg BT 138.31 490.25 Td (Air ) Tj ET Q q 0 0 0 rg BT 153.58 490.25 Td (Act, on June 2, 2014, the EP) Tj ET Q q 0 0 0 rg BT 266.82 490.25 Td (A) Tj ET Q q 0 0 0 rg BT 273.49 490.25 Td ( proposed rules to reduce Greenhouse Gases \(GHG\) from existing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.25 Td (sources in states and, on October 28, 2014, a supplemental plan for Indian Country and U.S. ) Tj ET Q q 0 0 0 rg BT 421.13 478.25 Td (T) Tj ET Q q 0 0 0 rg BT 426.54 478.25 Td (erritories. Industry members and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.25 Td (states have filed an extensive consolidated litigation before the DC Circuit challenging numerous aspects of EP) Tj ET Q q 0 0 0 rg BT 494.24 466.25 Td (A) Tj ET Q q 0 0 0 rg BT 500.35 466.25 Td () Tj ET Q q 0 0 0 rg BT 503.13 466.25 Td (s proposed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.25 Td (GHG rules. ) Tj ET Q q 0 0 0 rg BT 98.42 454.25 Td (The court ruled on June 9, 2015, that since the EP) Tj ET Q q 0 0 0 rg BT 296.90 454.25 Td (A) Tj ET Q q 0 0 0 rg BT 303.57 454.25 Td ( had not yet finalized its GHG rules under Section 1) Tj ET Q q 0 0 0 rg BT 510.93 454.25 Td (1) Tj ET Q q 0 0 0 rg BT 515.56 454.25 Td (1\(d\) of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.25 Td (Clean ) Tj ET Q q 0 0 0 rg BT 75.27 442.25 Td (Air ) Tj ET Q q 0 0 0 rg BT 90.55 442.25 Td (Act, the court could not review its legality) Tj ET Q q 0 0 0 rg BT 258.75 442.25 Td (. Subsequently) Tj ET Q q 0 0 0 rg BT 316.98 442.25 Td (, on ) Tj ET Q q 0 0 0 rg BT 333.93 442.25 Td (August 3, 2015, the EP) Tj ET Q q 0 0 0 rg BT 425.79 442.25 Td (A) Tj ET Q q 0 0 0 rg BT 432.46 442.25 Td ( finalized rules, in the form of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.25 Td (the Clean Power Plan, establishing guidelines for states to follow in developing plans to reduce GHG emission from existing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.25 Td (fossil fuel-fired EGUs. ) Tj ET Q q 0 0 0 rg BT 143.69 418.25 Td (The Clean Power Plan has been challenged by multiple states in the DC Circuit. On February 9, 2016 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.25 Td (the Supreme Court stayed the Clean Power Plan, which means it will not take ef) Tj ET Q q 0 0 0 rg BT 370.58 406.25 Td (fect until court review is complete. ) Tj ET Q q 0 0 0 rg BT 514.79 406.25 Td (The DC ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.25 Td (Circuit has scheduled oral ar) Tj ET Q q 0 0 0 rg BT 164.22 394.25 Td (guments for June 2, 2016.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.25 Td (Under the Plan, states are required to prepare State Implementation Plans to meet state tar) Tj ET Q q 0 0 0 rg BT 408.86 370.25 Td (gets established based on emission ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.25 Td (reductions from af) Tj ET Q q 0 0 0 rg BT 123.68 358.25 Td (fected sources. ) Tj ET Q q 0 0 0 rg BT 187.92 358.25 Td (The Plan requires that the Best System of Emission Reduction \(BSER\) is employed, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.25 Td (establish three building blocks that include heat rate improvements at the af) Tj ET Q q 0 0 0 rg BT 352.23 346.25 Td (fected plant, substituting generation from less ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.25 Td (carbon-intensive EGUs, and substituting renewable generation. ) Tj ET Q q 0 0 0 rg BT 305.30 334.25 Td (The EP) Tj ET Q q 0 0 0 rg BT 334.10 334.25 Td (A) Tj ET Q q 0 0 0 rg BT 340.77 334.25 Td ( expressed in the plan that the combination qualifies as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.25 Td (the best system that is adequately demonstrated and the combination will be required to meet the state emission limits. ) Tj ET Q q 0 0 0 rg BT 543.57 322.25 Td (W) Tj ET Q q 0 0 0 rg BT 552.21 322.25 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.25 Td (believe that these regulations could create an opportunity for the Company to continue to develop technologies to address the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.25 Td (long-term needs of our customers to reduce CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 240.22 296.82 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.47 298.25 Td ( emissions through technologies applied at af) Tj ET Q q 0 0 0 rg BT 423.81 298.25 Td (fected sources and approaches to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.25 Td (support plant operations within a more complex interconnected grid environment. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.25 Td (On March27, 2012, the EP) Tj ET Q q 0 0 0 rg BT 158.79 262.25 Td (A) Tj ET Q q 0 0 0 rg BT 165.46 262.25 Td ( proposed the first Clean ) Tj ET Q q 0 0 0 rg BT 265.72 262.25 Td (Air ) Tj ET Q q 0 0 0 rg BT 281.00 262.25 Td (Act standard for CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 362.36 260.82 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.61 262.25 Td ( emissions from new coal and natural-gas fired ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.25 Td (power plants as a result of two separate settlements with states and environmental groups in 2010. In response to comments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.25 Td (received on the March 27, 2012 proposal, the EP) Tj ET Q q 0 0 0 rg BT 244.58 238.25 Td (A, on September 20, 2013, proposed revised standards regarding the same new ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.25 Td (source CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 92.49 224.82 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 95.74 226.25 Td ( emissions standards. On June 2, 2014, the EP) Tj ET Q q 0 0 0 rg BT 278.98 226.25 Td (A) Tj ET Q q 0 0 0 rg BT 285.65 226.25 Td ( proposed CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 341.20 224.82 Td (2 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.07 226.25 Td (emission standards for modified and reconstructed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.25 Td (power plants. On ) Tj ET Q q 0 0 0 rg BT 120.55 214.25 Td (August 3, 2015, the EP) Tj ET Q q 0 0 0 rg BT 212.41 214.25 Td (A) Tj ET Q q 0 0 0 rg BT 219.08 214.25 Td ( finalized the proposed rules for newly constructed, modified, and reconstructed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.25 Td (power plants. ) Tj ET Q q 0 0 0 rg BT 106.20 202.25 Td (These standards reflect the degree of emission limitation achievable through the application of the BSER that the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.25 Td (EP) Tj ET Q q 0 0 0 rg BT 60.75 190.25 Td (A) Tj ET Q q 0 0 0 rg BT 67.42 190.25 Td ( has determined has been adequately demonstrated for each type of unit. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 160.25 Td (Segment Information ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 136.25 Td (Historically) Tj ET Q q 0 0 0 rg BT 96.56 136.25 Td (, the Company was or) Tj ET Q q 0 0 0 rg BT 183.87 136.25 Td (ganized into four reportable segments: \(1\) Refined Coal \("RC"\); \(2\) Emissions Control - ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 124.25 Td (Engineering and ) Tj ET Q q 0 0 0 rg BT 118.13 124.25 Td (T) Tj ET Q q 0 0 0 rg BT 123.54 124.25 Td (echnology Services \("EC - ETS"\); \(3\) Emissions Control - Manufacturing \("EC - Manufacturing"\); and \(4\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 112.25 Td (Research and Development \("R&D"\). During the fourth quarter of 2015, the Company reor) Tj ET Q q 0 0 0 rg BT 417.60 112.25 Td (ganized its operations into two ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 100.25 Td (reportable segments. ) Tj ET Q q 0 0 0 rg BT 137.20 100.25 Td (As a result, the EC - ETS, EC - Manufacturing and R&D segments were combined to form a new ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 88.25 Td (Emissions Control segment \("EC"\). ) Tj ET Q q 0 0 0 rg BT 194.55 88.25 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 218.99 88.25 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.58 88.25 Td (, the Company's operations consist of two reportable segments: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 76.25 Td (\(1\) RC and \(2\) EC.) Tj ET Q endstream endobj 27 0 obj <> endobj 28 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (Financial information related to each of the Company's reportable segments is set forth in the Consolidated Financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (Statements filed as a part of this report in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.46 730.10 Td (Note 17) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.39 730.10 Td ( and that information is incorporated by reference here. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (\(1\) ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 706.10 Td (RC Segment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (Our RC segment derives its earnings from equity method investments as well as royalty payment streams and other revenues ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (related to reduced emissions of both NO) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 211.63 668.96 Td (X) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 215.38 670.10 Td ( and mercury from coals. Reduced emissions of both NO) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 443.11 668.96 Td (X) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.86 670.10 Td ( and mercury from the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (combustion of coal is necessary to comply with regulatory standards. ) Tj ET Q q 0 0 0 rg BT 328.92 658.10 Td (The Company's equity method investments related to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (RC segment include CCS, CCSS and RCM6. ) Tj ET Q q 0 0 0 rg BT 233.08 646.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.52 646.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.11 646.10 Td (, we held equity interests of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.14 646.10 Td (42.5%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.97 646.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.97 646.10 Td (50%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.30 646.10 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.23 646.10 Td (24.95%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 551.06 646.10 Td ( in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (CCS, CCSS, and RCM6, respectively) Tj ET Q q 0 0 0 rg BT 200.20 634.10 Td (. In March 2016, we sold our entire interest in RCM6.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (CCS owns, leases or sells facilities used in the production of RC. ) Tj ET Q q 0 0 0 rg BT 312.57 610.10 Td (The RC facilities are located at coal-fired generation stations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (owned by regulated utilities, cooperatives, government agencies and wholesale power generators \(collectively) Tj ET Q q 0 0 0 rg BT 489.47 598.10 Td (, "Generators"\). ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (The RC produced by the RC facilities is used by the Generators as fuel in the coal-fired boilers to produce electricity) Tj ET Q q 0 0 0 rg BT 516.43 586.10 Td (. ) Tj ET Q q 0 0 0 rg BT 521.25 586.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (production of RC via these RC facilities qualifies for tax credits that are available under IRC Section 45 \("Production ) Tj ET Q q 0 0 0 rg BT 521.84 574.10 Td (T) Tj ET Q q 0 0 0 rg BT 527.25 574.10 Td (ax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (Credits" or "PTCs"\). ) Tj ET Q q 0 0 0 rg BT 134.84 562.10 Td (The IRS has issued guidance regarding emissions reductions in the production of electricity by coal-fired ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (power plants including measurement and certification criteria necessary to qualify for the IRC Section 45 PTCs. Under the ) Tj ET Q q 0 0 0 rg BT 543.29 550.10 Td (T) Tj ET Q q 0 0 0 rg BT 548.70 550.10 Td (ax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (Relief and Job Creation ) Tj ET Q q 0 0 0 rg BT 146.65 538.10 Td (Act of 2010, the deadline for placing qualifying RC facilities into service was extended from December ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (31, 2009 to December 31, 201) Tj ET Q q 0 0 0 rg BT 170.99 526.10 Td (1. CCS placed 28 RC facilities into service during the applicable time periods. ) Tj ET Q q 0 0 0 rg BT 486.57 526.10 Td (The value of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (IRC Section 45 PTC is adjusted annually based on inflation adjustment factors published in the Federal Register) Tj ET Q q 0 0 0 rg BT 498.81 514.10 Td (. ) Tj ET Q q 0 0 0 rg BT 503.26 514.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.58 502.10 Td (, the tax credit received under IRC Section 45 was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.13 502.10 Td ($6.71) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.63 502.10 Td ( per ton of coal produced. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (Those RC facilities that CCS has leased or sold to tax equity investors are referred to as invested facilities. CCS collects lease ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (income from the lessee, if leased, or sales proceeds from the buyer if sold, of the invested RC facilities. ) Tj ET Q q 0 0 0 rg BT 465.53 466.10 Td (The Company benefits ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (from these transactions through its equity method investment in CCS. RC facilities that are producing RC but that CCS has not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (leased or sold are referred to as retained RC facilities. ) Tj ET Q q 0 0 0 rg BT 267.23 442.10 Td (The owners of CCS, including the Company) Tj ET Q q 0 0 0 rg BT 444.61 442.10 Td (, may benefit to the extent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (PTCs and other tax benefits are realized from the operation of retained RC facilities. ) Tj ET Q q 0 0 0 rg BT 389.98 430.10 Td (The ability to generate PTC's expires 10 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (years after each RC facility was placed into service but not later than December 31, 2021. RCM6 owned a single RC facility ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (managed by an af) Tj ET Q q 0 0 0 rg BT 120.62 406.10 Td (filiate of CCS, of which the Company owned 24.95% as of December 31, 2015. In March, 2016, the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (Company sold its entire interest in RCM6. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (CCSS operates and maintains RC facilities under operating and maintenance agreements. CCS or the owners or lessees of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (RC facilities pay CCSS, subject to certain limitations, the costs of operating and maintaining the RC facilities plus various fees. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td (CCSS also arranges for the purchase and delivery of certain chemical additives, which include the chemicals required for our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (CyClean) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 85.00 338.63 Td (TM, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.99 334.10 Td (M-Prove) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 133.55 337.73 Td (TM) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.34 334.10 Td (, M-45) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 168.57 338.63 Td (TM ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 179.94 334.10 Td (and M-45-PC) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 234.66 337.73 Td (TM) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 242.46 334.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 244.46 334.10 Td (technologies, necessary for the production of RC under chemical agency ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (agreements. ) Tj ET Q q 0 0 0 rg BT 100.35 322.10 Td (The term of each chemical agency agreement runs concurrently with the respective RC facilities lease. CCSS is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (also the primary beneficiary of certain RC facilities that are ) Tj ET Q q 0 0 0 rg BT 290.27 310.10 Td (VIEs and therefore consolidates such RC facilities. ) Tj ET Q q 0 0 0 rg BT 496.33 310.10 Td (All net income ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (\(loss\) associated with these consolidated RC facilities is allocated to the noncontrolling equity owners and therefore does not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (impact our equity earnings \(loss\) from CCSS.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (CCS also pays us royalties from licensing our M-45) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 257.76 265.73 Td (TM) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.56 262.10 Td ( and M-45-PC) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 322.78 265.73 Td (TM) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.58 262.10 Td ( emission control technologies to CCS \("M-45 License"\). ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (Royalties are earned based upon \(i\) a percentage of the per) Tj ET Q q 0 0 0 rg BT 284.69 250.10 Td (-ton, pre-tax mar) Tj ET Q q 0 0 0 rg BT 351.98 250.10 Td (gin of RC produced with the M-45 License that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td (produces a valid and verifiable Section 45 tax credit, net of certain allocable operating expenses, \(ii\) a percentage of the Section ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (45 tax credits claimed, and not invested by a licensee, sublicensee, or licensee af) Tj ET Q q 0 0 0 rg BT 371.92 226.10 Td (filiate using the M-45 License, net of certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td (allocable operating expenses and \(iii\) a percentage of the revenue, net of all direct expenses, received by CCS as a direct result ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (of CCS's exercise of the M-45 License. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td (\(2\) ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 178.10 Td (EC Segment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 154.10 Td (\(a\) ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 86.00 154.10 Td (Systems & Equipment- ) Tj ET Q q 0 0 0 rg BT 182.58 154.10 Td (Activated Carbon Injection, Dry Sorbent Injection System and Other Systems ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 136.10 Td (The Company is an established market leader in the supply of ) Tj ET Q q 0 0 0 rg BT 299.11 136.10 Td (ACI systems for the coal-fired electric industry) Tj ET Q q 0 0 0 rg BT 487.29 136.10 Td (. ) Tj ET Q q 0 0 0 rg BT 492.10 136.10 Td (The injection of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 124.10 Td (activated carbon into the coal combustion flue gas downstream for the purpose of absorbing mercury molecules is the most ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 112.10 Td (established and accepted technology to specifically reduce mercury emissions. ) Tj ET Q q 0 0 0 rg BT 366.37 112.10 Td (The Company's proprietary and highly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 100.10 Td (engineered ) Tj ET Q q 0 0 0 rg BT 95.81 100.10 Td (ACI systems facilitate a customer's ability to reliably and cost ef) Tj ET Q q 0 0 0 rg BT 353.47 100.10 Td (fectively meet regulatory emissions limits. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.10 Td (Demand for ) Tj ET Q q 0 0 0 rg BT 99.99 82.10 Td (ACI systems was strong into the first quarter of 2015 with the majority of coal-fired utility boilers required to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 70.10 Td (comply with MA) Tj ET Q q 0 0 0 rg BT 117.78 70.10 Td (TS by ) Tj ET Q q 0 0 0 rg BT 143.90 70.10 Td (April 2015, although a number of units have been granted extensions for compliance until ) Tj ET Q q 0 0 0 rg BT 505.75 70.10 Td (April 2016. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 58.10 Td (In addition, we expect that some plants that were relying on native mercury capture due to coal characteristics and benefits ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 46.10 Td (from other air pollution control devices already installed such as wet scrubbers will require additional controls during certain ) Tj ET Q endstream endobj 29 0 obj <> endobj 30 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.15 31.60 Td (1) Tj ET Q q 0 0 0 rg BT 305.78 31.60 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (operating periods which will result in a few additional sales of ) Tj ET Q q 0 0 0 rg BT 301.33 742.10 Td (ACI systems. ) Tj ET Q q 0 0 0 rg BT 357.54 742.10 Td (W) Tj ET Q q 0 0 0 rg BT 366.18 742.10 Td (e also expect that some industrial boilers will ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (require ) Tj ET Q q 0 0 0 rg BT 80.26 730.10 Td (ACI to meet the IBMACT) Tj ET Q q 0 0 0 rg BT 185.63 730.10 Td ( mercury compliance levels. ) Tj ET Q q 0 0 0 rg BT 300.30 730.10 Td (Although the MA) Tj ET Q q 0 0 0 rg BT 370.30 730.10 Td (TS compliance is required as of ) Tj ET Q q 0 0 0 rg BT 499.16 730.10 Td (April 2015 or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (2016, many coal-fired generators will likely modify their control processes to ensure the most ef) Tj ET Q q 0 0 0 rg BT 435.54 718.10 Td (fective and cost ef) Tj ET Q q 0 0 0 rg BT 508.38 718.10 Td (ficient ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (compliance. ) Tj ET Q q 0 0 0 rg BT 100.54 706.10 Td (As such, additional ) Tj ET Q q 0 0 0 rg BT 179.42 706.10 Td (ACI opportunities may emer) Tj ET Q q 0 0 0 rg BT 293.94 706.10 Td (ge over the coming years.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 688.10 Td (In 2015 the Company developed and is currently selling other environmental equipment systems; such as, ) Tj ET Q q 0 0 0 rg BT 475.47 688.10 Td (ADAir) Tj ET Q q 0 0 0 rg BT 503.04 688.10 Td (-Mixer) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 530.81 692.63 Td (TM) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.56 688.10 Td ( in-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 676.10 Td (duct technology and ProRak) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 163.59 680.63 Td (TM ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.96 676.10 Td (mercury process analyzers. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (Through December 31, 2015, the Company supplied DSI systems for the electric utility industry through its subsidiary BCSI. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (Upon the closure of its fabrication facility in McKeesport, P) Tj ET Q q 0 0 0 rg BT 289.58 646.10 Td (A, the Company began focusing its ef) Tj ET Q q 0 0 0 rg BT 440.75 646.10 Td (forts within the DSI market ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (on engineering and related services and plans to sell DSI systems that are manufactured through third parties, similar to our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (current structure within the ) Tj ET Q q 0 0 0 rg BT 160.52 622.10 Td (ACI marketplace. DSI systems inject dry alkaline sorbents to control acid gases such as SO) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 526.27 620.96 Td (3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.87 622.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (HCl. Our DSI technology is also used to control SO) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 257.76 608.96 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.36 610.10 Td (, one of six criteria air pollutants. ) Tj ET Q q 0 0 0 rg BT 395.42 610.10 Td (The use of DSI for SO) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 485.69 608.96 Td (3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.29 610.10 Td ( reduction in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (conjunction with ) Tj ET Q q 0 0 0 rg BT 119.44 598.10 Td (ACI has also been shown to enhance the capture of mercury from coal-fired boilers. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 580.10 Td (Demand for these systems continued in 2015 with the majority of coal-fired utility boilers required to comply with the MA) Tj ET Q q 0 0 0 rg BT 540.73 580.10 Td (TS ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 568.10 Td (by ) Tj ET Q q 0 0 0 rg BT 61.95 568.10 Td (April 2015 and a number of units granted extensions for compliance until ) Tj ET Q q 0 0 0 rg BT 357.99 568.10 Td (April of 2016. DSI is used to control HCl to meet ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 556.10 Td (MA) Tj ET Q q 0 0 0 rg BT 65.00 556.10 Td (TS and IBMACT) Tj ET Q q 0 0 0 rg BT 134.82 556.10 Td ( HCl limits, to control SO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 238.16 554.67 Td (3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.41 556.10 Td ( for improved ) Tj ET Q q 0 0 0 rg BT 298.35 556.10 Td (ACI ef) Tj ET Q q 0 0 0 rg BT 325.66 556.10 Td (fectiveness for mercury control, and limited SO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 516.43 554.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.68 556.10 Td ( control. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 544.10 Td (DSI sales continued into 2015 to meet MA) Tj ET Q q 0 0 0 rg BT 220.26 544.10 Td (TS and the IBMACT) Tj ET Q q 0 0 0 rg BT 304.79 544.10 Td ( and, are expected to continue on a more limited basis into 2016 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 532.10 Td (and 2017 for CSAPR and associated SO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 211.10 530.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 214.35 532.10 Td ( NAAQS rule, and 2017 for the Regional Haze Rule. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 502.10 Td (\(b\) ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 86.00 502.10 Td (Consulting Services) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 478.10 Td (e also of) Tj ET Q q 0 0 0 rg BT 92.33 478.10 Td (fer consulting services to assist electric power generators, the electric utility industry and others in planning and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (implementing strategies to meet the new and increasing government emission standards requiring reductions in SO) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 509.89 464.96 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.49 466.10 Td (, SO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 530.28 464.67 Td (3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.52 466.10 Td (, HCl, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (NO) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 64.44 452.96 Td (X) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.20 454.10 Td (, particulates, acid gases and mercury) Tj ET Q q 0 0 0 rg BT 217.21 454.10 Td (. ) Tj ET Q q 0 0 0 rg BT 222.03 454.10 Td (This includes demonstrations of our commercial products. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (In 2015 the Company developed and is currently selling other consulting and analytic services such as ) Tj ET Q q 0 0 0 rg BT 461.01 430.10 Td (ADA Health Check ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (and continuous and predictive emissions monitoring systems and solutions.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 382.10 Td (\(c\) ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 86.00 382.10 Td (Chemicals) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 358.10 Td (\(i\) ) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 122 356.7669921875 m 232.8203125 356.7669921875 l s q 0 0 0 rg BT 122.00 358.10 Td (Mercury Control ) Tj ET Q q 0 0 0 rg BT 191.43 358.10 Td (Additives ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (Our proprietary M-Prove pre-combustion coal treatment technology involves the application of proprietary chemicals to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (coal. ) Tj ET Q q 0 0 0 rg BT 71.47 322.10 Td (This technology \(formerly referred to as Enhanced Coal\) substantially reduces mercury emissions and also can reduce the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (amount of activated carbon or other sorbents, or potentially eliminate the need to use sorbents, for mercury capture at certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (coal-fired power plants. ) Tj ET Q q 0 0 0 rg BT 147.56 298.10 Td (W) Tj ET Q q 0 0 0 rg BT 156.20 298.10 Td (e have shown that the application of M-Prove) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 338.65 301.73 Td (TM ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.75 298.10 Td ( technology to ) Tj ET Q q 0 0 0 rg BT 407.28 298.10 Td (W) Tj ET Q q 0 0 0 rg BT 415.92 298.10 Td (estern coals, such as Powder River ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (Basin \("PRB"\) and lignite, can reduce emissions of mercury by 40% to 90%, and in some cases may) Tj ET Q q 0 0 0 rg BT 451.04 286.10 Td (, as a sole treatment option, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (be suf) Tj ET Q q 0 0 0 rg BT 73.98 274.10 Td (ficient to meet MA) Tj ET Q q 0 0 0 rg BT 149.24 274.10 Td (TS compliance. One of the advantages of the M-Prove) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 367.23 277.73 Td (TM ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.33 274.10 Td ( technology is that it does not rely on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (bromine, which is the basis of many other competing chemical sorbent additive technologies. ) Tj ET Q q 0 0 0 rg BT 425.56 262.10 Td (The power industry is beginning ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (to experience corrosion and wastewater issues in their plants that they attribute to the use of bromine to enhance the capture of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td (mercury) Tj ET Q q 0 0 0 rg BT 82.67 238.10 Td (. ) Tj ET Q q 0 0 0 rg BT 87.49 238.10 Td (W) Tj ET Q q 0 0 0 rg BT 96.12 238.10 Td (e believe that demand for M-Prove) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 235.80 241.73 Td (TM ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 244.89 238.10 Td ( technology may accelerate after the majority of plants commence operations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (of their mercury control systems in early 2016. In October 2012, we were awarded the first of what we believe will be a family ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td (of patents designed to protect this technology both in the US and abroad.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.10 Td (The Company licenses certain emissions control technologies to CCS for the production of RC. ) Tj ET Q q 0 0 0 rg BT 434.11 190.10 Td (ADA) Tj ET Q q 0 0 0 rg BT 454.66 190.10 Td () Tj ET Q q 0 0 0 rg BT 457.44 190.10 Td (s CyClean) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 498.83 194.63 Td (TM) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.58 190.10 Td (, M-45) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 535.80 193.73 Td (TM) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.60 190.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td (M-45-PC) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 87.78 181.73 Td (TM ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 96.88 178.10 Td (technologies all incorporate the M-Prove) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 260.72 182.63 Td (TM) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.47 178.10 Td ( additive, along with other additives, to reduce emissions of both ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.10 Td (mercury and NO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 117.20 164.67 Td (X) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.89 166.10 Td ( from coal-fired boilers. ) Tj ET Q q 0 0 0 rg BT 219.36 166.10 Td (ADA) Tj ET Q q 0 0 0 rg BT 240.47 166.10 Td ( licensed its patented CyClean) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 361.55 170.63 Td (TM) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.30 166.10 Td ( technology to CCS upon formation of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.10 Td (entity in 2006, for use with cyclone boilers for the life of the patents. In July 2012, ) Tj ET Q q 0 0 0 rg BT 382.15 154.10 Td (ADA) Tj ET Q q 0 0 0 rg BT 403.27 154.10 Td ( licensed its M-45) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 475.20 157.73 Td (TM) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.00 154.10 Td ( technology to CCS ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.10 Td (\(the M-45 License\) for as long as IRC Section 45 tax credits are available in order to leverage CCS) Tj ET Q q 0 0 0 rg BT 458.20 142.10 Td (s operating expertise and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.10 Td (allow CCS the ability to provide and use either the CyClean) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 289.96 134.63 Td (TM) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.70 130.10 Td ( or M-45) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 335.26 134.63 Td (TM) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.00 130.10 Td ( technology to produce RC. In the third quarter of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.10 Td (2012, ) Tj ET Q q 0 0 0 rg BT 74.45 118.10 Td (ADA) Tj ET Q q 0 0 0 rg BT 95.56 118.10 Td ( made a technological advancement in the M-45) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 287.99 122.63 Td (TM) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.74 118.10 Td ( technology that allows it to be ef) Tj ET Q q 0 0 0 rg BT 431.14 118.10 Td (fective in pulverized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.10 Td (coal \(PC\) boilers, which improvement is included in the terms of the M-45 License. In addition to the royalty payments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.10 Td (discussed in the RC segment above, the use of M-Prove) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 273.30 98.63 Td (TM) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.04 94.10 Td ( technology in the production of RC provides valuable operating data ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.10 Td (and validates the ef) Tj ET Q q 0 0 0 rg BT 127.29 82.10 Td (fectiveness of the M-Prove) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 235.31 86.63 Td (TM) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 245.06 82.10 Td ( technology in a range of coal-fired boilers. ) Tj ET Q q 0 0 0 rg BT 420.27 82.10 Td (ADA) Tj ET Q q 0 0 0 rg BT 441.38 82.10 Td ( expects this information will ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 70.10 Td (help in its sales process for the M-Prove) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 210.80 74.63 Td (TM) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 220.55 70.10 Td ( technology) Tj ET Q q 0 0 0 rg BT 266.83 70.10 Td (.) Tj ET Q endstream endobj 31 0 obj <> endobj 32 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 730.10 Td (\(ii\) ) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 122 728.7669921875 m 258.357421875 728.7669921875 l s q 0 0 0 rg BT 122.00 730.10 Td (Flue Gas Chemicals and Services ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 706.10 Td (e have deployed technologies for conditioning flue gas streams from coal-fired combustion sources. Our flue gas ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (conditioning chemical allows existing air pollution control devices, such as electrostatic precipitators \("ESPs"\), to operate more ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (ef) Tj ET Q q 0 0 0 rg BT 57.59 682.10 Td (ficiently without the use of traditional SO) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 224.22 680.96 Td (3 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 228.12 682.10 Td (additives, which have been shown to be detrimental to ef) Tj ET Q q 0 0 0 rg BT 455.65 682.10 Td (fective mercury control by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (partially negating the ef) Tj ET Q q 0 0 0 rg BT 145.06 670.10 Td (fectiveness of certain sorbents used to absorb mercury) Tj ET Q q 0 0 0 rg BT 361.28 670.10 Td (, including activated carbon. Such treatment of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (the flue gas stream allows for ef) Tj ET Q q 0 0 0 rg BT 178.11 658.10 Td (fective collection of fly ash particles that would otherwise escape into the atmosphere. ) Tj ET Q q 0 0 0 rg BT 525.58 658.10 Td (The use ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (of the proprietary chemical blends may help existing mar) Tj ET Q q 0 0 0 rg BT 278.63 646.10 Td (ginally sized ESPs continue to operate ef) Tj ET Q q 0 0 0 rg BT 442.30 646.10 Td (fectively when applied ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (exclusively or in combination with other chemicals such as hydrated lime, activated carbon products, or other high-resistivity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (materials. Our flue gas conditioning chemical is currently sold under the registered trademark RESPond. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 592.10 Td (Competition ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 568.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 568.10 Td (e are an established leader in the mercury control market for coal-fired electric power generators. ) Tj ET Q q 0 0 0 rg BT 449.38 568.10 Td (W) Tj ET Q q 0 0 0 rg BT 458.01 568.10 Td (e add significant value to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 556.10 Td (our base of) Tj ET Q q 0 0 0 rg BT 94.25 556.10 Td (ferings by having complementary products and services. Our expertise and experience in conducting full-scale ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 544.10 Td (emissions control demonstrations reflects our understanding of the application of the control technologies that customers find ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 532.10 Td (valuable. Our ability to provide users with performance guarantees on our equipment along with comprehensive testing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 520.10 Td (services and overall compliance strategies enhances our competitive position in this market. In the RC market, we believe ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 508.10 Td (Chem-Mod LLC and licensees of the Chem-Mod technology are our principal competitors. In the emissions control \("EC"\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 496.10 Td (equipment market, we believe Norit ) Tj ET Q q 0 0 0 rg BT 196.06 496.10 Td (Americas, Inc., a division of Cabot Corporation, ) Tj ET Q q 0 0 0 rg BT 391.30 496.10 Td (Alstom Power) Tj ET Q q 0 0 0 rg BT 448.40 496.10 Td (, ) Tj ET Q q 0 0 0 rg BT 453.22 496.10 Td (The Babcock& ) Tj ET Q q 0 0 0 rg BT 518.85 496.10 Td (W) Tj ET Q q 0 0 0 rg BT 527.89 496.10 Td (ilcox ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 484.10 Td (Company) Tj ET Q q 0 0 0 rg BT 88.24 484.10 Td (, United Conveyor Corporation, Nol-T) Tj ET Q q 0 0 0 rg BT 241.96 484.10 Td (ec Systems, Inc. and Clyde Ber) Tj ET Q q 0 0 0 rg BT 367.03 484.10 Td (gemann, Inc. are our principal competitors in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 472.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.17 472.10 Td (ACI market and that Nol-T) Tj ET Q q 0 0 0 rg BT 172.32 472.10 Td (ec Systems, Inc., United Conveyor Corporation, Clyde Ber) Tj ET Q q 0 0 0 rg BT 407.93 472.10 Td (gemann, Inc., Nalco-Mobotec and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 460.10 Td (Babcock& ) Tj ET Q q 0 0 0 rg BT 97.58 460.10 Td (W) Tj ET Q q 0 0 0 rg BT 106.62 460.10 Td (ilcox are our principal competitors in the DSI market.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 436.10 Td (Competition within the RC market is based primarily on price, the number of tons of coal burned at the coal-fired power plant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 424.10 Td (where the RC facilities are operating and the tax compliance facts associated with each RC facility) Tj ET Q q 0 0 0 rg BT 443.92 424.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 400.10 Td (Competition for ) Tj ET Q q 0 0 0 rg BT 116.11 400.10 Td (ACI systems is based primarily on price, quality) Tj ET Q q 0 0 0 rg BT 308.76 400.10 Td (, performance, terms of performance guarantees and the ability ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 388.10 Td (to meet the requested delivery and installation schedule. In addition, certain competitors have the ability to of) Tj ET Q q 0 0 0 rg BT 487.46 388.10 Td (fer their own ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 376.10 Td (activated carbon for use in their ) Tj ET Q q 0 0 0 rg BT 178.84 376.10 Td (ACI systems, which may provide them with a competitive advantage. Similar to ) Tj ET Q q 0 0 0 rg BT 501.55 376.10 Td (ACI systems, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 364.10 Td (competition for DSI systems is based primarily on price, quality) Tj ET Q q 0 0 0 rg BT 305.97 364.10 Td (, performance and the ability to meet the requested engineering, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 352.10 Td (fabrication, delivery and installation schedule.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 328.10 Td (Our mercury control chemicals primarily compete against the use of activated carbon and brominated activated carbon, as well ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 316.10 Td (as the use of bromine applied to the coal prior to combustion. Because of a number of market and technology dynamics, there ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 304.10 Td (is not a definitive connection between the sale of mercury control systems and the ultimate supply of mercury control ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 292.10 Td (chemicals. ) Tj ET Q q 0 0 0 rg BT 97.30 292.10 Td (Thus when we are successful with a contract for the ) Tj ET Q q 0 0 0 rg BT 306.67 292.10 Td (ACI equipment, it does not guarantee that we will also sell that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 280.10 Td (customer M-Prove) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 124.71 284.63 Td (TM) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.46 280.10 Td ( coal additives, and when a customer buys a competitors) Tj ET Q q 0 0 0 rg BT 362.54 280.10 Td ( ) Tj ET Q q 0 0 0 rg BT 364.48 280.10 Td (ACI system it does not mean that that customer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 268.10 Td (is not a viable candidate for our chemicals. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 244.10 Td (Patents ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 220.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.44 220.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.03 220.10 Td (, we held ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 191.90 220.10 Td (36) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 201.90 220.10 Td ( United States \(U.S.\) patents that were issued or allowed, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.69 220.10 Td (17) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.69 220.10 Td ( additional U.S. Provisionals ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 208.10 Td (or applications that were pending, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 205.23 208.10 Td (13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 215.23 208.10 Td ( international patent applications that were either pending or filed relating to dif) Tj ET Q q 0 0 0 rg BT 533.83 208.10 Td (ferent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 196.10 Td (aspects of our technology) Tj ET Q q 0 0 0 rg BT 151.82 196.10 Td (. Our existing patents generally have terms of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.49 196.10 Td (15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.49 196.10 Td ( to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.27 196.10 Td (20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.27 196.10 Td ( years, measured from the application date, the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 184.10 Td (earliest of which was in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 147.47 184.10 Td (1993) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 167.47 184.10 Td (. ) Tj ET Q q 0 0 0 rg BT 172.29 184.10 Td (W) Tj ET Q q 0 0 0 rg BT 180.93 184.10 Td (e consider many of our patents or pending patents to be critical to the ongoing conduct of our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 172.10 Td (business. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 148.10 Td (Materials and ) Tj ET Q q 0 0 0 rg BT 112.04 148.10 Td (W) Tj ET Q q 0 0 0 rg BT 121.48 148.10 Td (orking Capital Practices ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 124.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 124.10 Td (e purchase our materials, including equipment, fabricated modules and steel, from a variety of vendors for engineered ) Tj ET Q q 0 0 0 rg BT 531.80 124.10 Td (ACI ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 112.10 Td (systems, components and other equipment we provide. Such equipment is available from numerous sources; however) Tj ET Q q 0 0 0 rg BT 520.04 112.10 Td (, based on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 100.10 Td (the system requested by the customer we may determine that some sources are not suitable. ) Tj ET Q q 0 0 0 rg BT 418.04 100.10 Td (W) Tj ET Q q 0 0 0 rg BT 426.68 100.10 Td (e typically subcontract the major ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 88.10 Td (portion of the work associated with installation of such equipment to a variety of vendors, usually located near the work site. ) Tj ET Q endstream endobj 33 0 obj <> endobj 34 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (Similarly) Tj ET Q q 0 0 0 rg BT 86.57 742.10 Td (, we purchase materials and components from a variety of vendors for the DSI systems fabricated at BCSI facilities. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 730.10 Td (o date we have typically fabricated our own DSI silos, manifolds, lances, and control panels and integrate these components at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (our shop or at the power plant, but in the future we will outsource these activities. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 694.10 Td (e purchase our proprietary chemicals through negotiated blending contracts that include secrecy agreements with chemical ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (suppliers located near major customers. ) Tj ET Q q 0 0 0 rg BT 210.88 682.10 Td (These arrangements minimize transportation costs while assuring continuous supply of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (our proprietary chemical blends. ) Tj ET Q q 0 0 0 rg BT 182.27 670.10 Td (The chemicals used are readily available, and there are several chemical suppliers that can ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (provide us with our requirements. Supply agreements are generally renewed on an annual basis.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 634.10 Td (e do not provide any extended payment terms to our customers. ) Tj ET Q q 0 0 0 rg BT 315.06 634.10 Td (W) Tj ET Q q 0 0 0 rg BT 323.70 634.10 Td (e typically provide equipment warranties and performance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (guarantees related to our EC ) Tj ET Q q 0 0 0 rg BT 165.79 622.10 Td (ACI and DCI systems. See Risk Factors and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.38 622.10 Td (Note 14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.31 622.10 Td (, in the Consolidated Financial Statements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (filed as a part of this Form 10-K. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (Seasonality of ) Tj ET Q q 0 0 0 rg BT 111.12 586.10 Td (Activities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (The sale of chemicals and RC facility operation levels depend on the operations of the electric power generators to which the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (applicable chemicals are provided and RC facilities are located, respectively) Tj ET Q q 0 0 0 rg BT 354.77 550.10 Td (. ) Tj ET Q q 0 0 0 rg BT 359.59 550.10 Td (These customers routinely schedule maintenance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (outages in the spring and/or fall depending upon the operation of the boilers. During the period in which an outage may occur) Tj ET Q q 0 0 0 rg BT 552.24 538.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (which may range from one week to over a month, no chemicals are used or RC produced and purchases from us and related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (revenues can be correspondingly reduced. ) Tj ET Q q 0 0 0 rg BT 220.30 514.10 Td (The other aspects of our business are not seasonal in any material way) Tj ET Q q 0 0 0 rg BT 500.67 514.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (Dependence on Major) Tj ET Q q 0 0 0 rg BT 144.25 490.10 Td ( Customers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 466.10 Td (e depend upon our customer relationships with owners and operators of coal-fired power generation facilities, as well as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (general market demand for coal-fueled power generation. Our internal and external sales staf) Tj ET Q q 0 0 0 rg BT 421.60 454.10 Td (f markets our technology through ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (trade shows, mailings and direct contact with potential customers. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (Through our investment in CCS we depend upon our relationships with owners and operators of coal-fired power generation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (facilities, including various electric utilities and tax equity investors. CCS is the exclusive licensee for purposes of producing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (RC for the CyClean) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 129.71 398.63 Td (TM) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.46 394.10 Td (, M-45) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 166.68 398.63 Td (TM) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 176.43 394.10 Td ( and M-45-PC) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 233.65 398.63 Td (TM) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.40 394.10 Td ( technologies. CCS also depends on tax equity investors with significant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (concentration within an af) Tj ET Q q 0 0 0 rg BT 154.50 382.10 Td (filiate of Goldman Sachs \("GS"\) and, as described in Item 1A, these entities could renegotiate or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (terminate their leases or the utilities where the RC facilities are installed could materially reduce their use of RC.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td (Additional information related to major customers can be found in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.26 346.10 Td (Note 18) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.20 346.10 Td ( of the Consolidated Financial Statements within ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (Item 8 of this Form 10-K. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (Resear) Tj ET Q q 0 0 0 rg BT 79.25 310.10 Td (ch and Development ) Tj ET Q q 0 0 0 rg BT 168.42 310.10 Td (Activities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 292.10 Td (In 2015 we conducted research and development directed toward the reduction of mercury emissions, DSI, RC activities, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 280.10 Td (CO) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 63.89 278.96 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.49 280.10 Td ( capture. Certain of this research and development, and specifically related to CO) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 391.92 278.96 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.52 280.10 Td ( capture, has been funded under contracts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 268.10 Td (and/or cost reimbursement arrangements with the DOE and other third parties. Our R&D expense, net of DOE and industry ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 256.10 Td (cost-share partners, for R&D during the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.88 256.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.46 256.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.46 256.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.46 256.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.90 256.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.90 256.10 Td ( was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.45 256.10 Td ($5.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.34 256.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.34 256.10 Td ($1.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.23 256.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 244.10 Td ($3.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.89 244.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 151.55 244.10 Td (. Prior to cost share reimbursements, we incurred expenses of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.81 244.10 Td ($6.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.71 244.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.71 244.10 Td ($3.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.60 244.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.04 244.10 Td ($13.1 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 232.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 232.10 Td ( on our own behalf on research and development activities related to further development of our technologies during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 220.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 220.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.00 220.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 95.00 220.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 114.44 220.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.44 220.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 187.10 220.10 Td (. ) Tj ET Q q 0 0 0 rg BT 191.92 220.10 Td (W) Tj ET Q q 0 0 0 rg BT 200.56 220.10 Td (e engage in these activities in order to continue to develop technologies to bring to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 208.10 Td (broader emissions control market and to expand our own of) Tj ET Q q 0 0 0 rg BT 288.37 208.10 Td (ferings into other areas. However) Tj ET Q q 0 0 0 rg BT 421.53 208.10 Td (, we expect that future research ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 196.10 Td (and development activities will decrease as the Company aligns the business with strategic objectives.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 172.10 Td (Refined Coal Data ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 155.10 Td (The following table provides summary information related to the Company's investment in CCS and the related RC facilities as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 143.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.83 143.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.41 143.10 Td ( and RC tons produced for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.53 143.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.11 143.10 Td (:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 98.60 276.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 98.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 98.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 98.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 98.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 98.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 98.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 98.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 98.60 55.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 98.60000000000002 m 385.5 98.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 98.60000000000002 m 444.5 98.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 119.60000000000002 m 503.5 119.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 98.60000000000002 m 503.5 98.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 119.60000000000002 m 507.5 119.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 119.60000000000002 m 562.5 119.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 98.60000000000002 m 562.5 98.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 98.60000000000002 m 444.5 98.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 98.60000000000002 m 503.5 98.60000000000002 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 487.40 123.83 Td (Operating) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 344.35 110.83 Td (# of RC ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 342.15 102.83 Td (Facilities) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 410.25 110.83 Td (Not) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 398.90 102.83 Td (Operating) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 461.05 102.83 Td (Invested) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 519.15 102.83 Td (Retained) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 88.27 Td (RC Facilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.65 88.27 Td (28) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.65 88.27 Td (14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 88.27 Td (12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 88.27 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 73.27 Td (RC tons produced \(000's\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 73.27 Td (37,744) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 73.27 Td (11,744) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 52.10 Td (Additional information related to RC facilities is included within Item 7 of this Form 10-K.) Tj ET Q endstream endobj 35 0 obj <> endobj 36 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (14) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Backlog) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 725.25 Td (Backlog represents the dollar amount of revenues we expect to recognize in the future from fixed-price contracts, primarily for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 713.25 Td (ACI and DSI systems as well as certain consulting service contracts that have been signed as well as those that are currently in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 701.25 Td (progress. ) Tj ET Q q 0 0 0 rg BT 88.70 701.25 Td (The Company includes a project in backlog when a contract is executed. Backlog amounts include anticipated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 689.25 Td (revenues associated with the original contract amounts, executed change orders, and any claims that may be outstanding with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 677.25 Td (customers. It does not include contracts that are in the bidding stage or have not been awarded. ) Tj ET Q q 0 0 0 rg BT 431.27 677.25 Td (As a result, the Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 665.25 Td (believes the backlog figures are firm, subject to customer modifications, alterations or cancellation provisions contained in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 653.25 Td (various contracts. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 636.25 Td (Backlog may not be indicative of future operating results. Estimates of profitability could increase or decrease based on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 624.25 Td (changes in direct materials, labor and subcontractor costs, and indirect costs related to contract performance, such as indirect ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 612.25 Td (labor) Tj ET Q q 0 0 0 rg BT 70.15 612.25 Td (, supplies, tools and repairs, and any claims with customers. Backlog is not a measure defined by generally accepted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 600.25 Td (accounting principles that are followed in the United States \("GAAP" or "U.S. GAAP"\) and is not a measure of profitability) Tj ET Q q 0 0 0 rg BT 545.30 600.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 588.25 Td (The Company) Tj ET Q q 0 0 0 rg BT 109.71 588.25 Td (s method for calculating backlog may not be comparable to methodologies used by other companies.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 551.75 433.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.50 551.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 551.75 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 521.75 433.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.50 521.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 521.75 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 491.75 433.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.50 491.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 491.75 75.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 551.75 m 482.5 551.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 551.75 m 561.5 551.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 551.75 m 482.5 551.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 491.75 m 561.5 491.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 477.75 m 561.5 477.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 475.75 m 561.5 475.75 l s BT /F4 8.00 Tf ET q 0 0 0 rg BT 52.00 556.00 Td (\(in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 517.90 555.98 Td (EC) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 541.42 Td (Backlog as of December 31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.00 541.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 541.42 Td (144,099) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 526.42 Td (New contracts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 526.42 Td (6,527) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 511.42 Td (Change order and claims to existing contracts, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 511.42 Td (2,102) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 496.42 Td (Revenues recognized) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.80 496.47 Td (\(60,086) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 496.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 481.42 Td (Backlog as of December 31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.00 481.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 481.42 Td (92,642) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 460.25 Td (Employees ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 436.25 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.44 436.25 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.03 436.25 Td ( we employed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 211.62 436.25 Td (69) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.62 436.25 Td ( full-time and part-time personnel, including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.85 436.25 Td (six) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.52 436.25 Td ( ) Tj ET Q q 0 0 0 rg BT 415.47 436.25 Td (ADES executives; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.56 436.25 Td (64) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.56 436.25 Td ( people were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 424.25 Td (employed at our of) Tj ET Q q 0 0 0 rg BT 125.63 424.25 Td (fices in Colorado and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 213.94 424.25 Td (one) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 228.38 424.25 Td ( was employed in each of Geor) Tj ET Q q 0 0 0 rg BT 352.60 424.25 Td (gia, Illinois, Massachusetts, Ohio and Pennsylvania, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 412.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 97.66 412.25 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 388.25 Td (Copies of Reports ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 364.25 Td (Our periodic and current reports are filed with the SEC pursuant to Section13\(a\) of the Securities Exchange ) Tj ET Q q 0 0 0 rg BT 484.87 364.25 Td (Act of 1934 and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 352.25 Td (are available free of char) Tj ET Q q 0 0 0 rg BT 149.19 352.25 Td (ge within 24 hours after they are filed with or furnished to the SEC at the Company) Tj ET Q q 0 0 0 rg BT 485.78 352.25 Td (s website at ) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 338.9169921875 m 206.552734375 338.9169921875 l s q 0 0 0 rg BT 50.00 340.25 Td (www) Tj ET Q q 0 0 0 rg BT 71.02 340.25 Td (.advancedemissionssolutions.com) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.55 340.25 Td (. ) Tj ET Q q 0 0 0 rg BT 211.00 340.25 Td (Alternatively) Tj ET Q q 0 0 0 rg BT 263.11 340.25 Td (, these reports can be accessed at the SEC) Tj ET Q q 0 0 0 rg BT 432.77 340.25 Td (s website atwww) Tj ET Q q 0 0 0 rg BT 502.94 340.25 Td (.sec.gov) Tj ET Q q 0 0 0 rg BT 535.06 340.25 Td (. ) Tj ET Q q 0 0 0 rg BT 539.88 340.25 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 328.25 Td (information contained on our web site shall not be deemed incorporated by reference in any filing under the Securities ) Tj ET Q q 0 0 0 rg BT 525.12 328.25 Td (Act or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 316.25 Td (the Exchange ) Tj ET Q q 0 0 0 rg BT 106.09 316.25 Td (Act.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 292.25 Td (Copies of Corporate Governance Documents ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 268.25 Td (The following Company corporate governance documents are available free of char) Tj ET Q q 0 0 0 rg BT 384.67 268.25 Td (ge at the Company) Tj ET Q q 0 0 0 rg BT 462.71 268.25 Td (s website at ) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 254.9169921875 m 206.552734375 254.9169921875 l s q 0 0 0 rg BT 50.00 256.25 Td (www) Tj ET Q q 0 0 0 rg BT 71.02 256.25 Td (.advancedemissionssolutions.com) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.55 256.25 Td ( and such information is available in print to any stockholder who requests it by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 244.25 Td (contacting the Secretary of the Company at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 225.77 244.25 Td (9135 South Ridgeline Boulevard, Suite 200, Highlands Ranch CO, 80129) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.75 244.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 226.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 226.25 Td (Articles of Incorporation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 214.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 214.25 Td (Bylaws) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 202.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 202.25 Td (Code of Ethics and Business Conduct) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 190.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 190.25 Td (Insider ) Tj ET Q q 0 0 0 rg BT 129.09 190.25 Td (T) Tj ET Q q 0 0 0 rg BT 134.84 190.25 Td (rading Policy) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 178.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 178.25 Td (Whistleblower Protection Policy) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 166.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 166.25 Td (Audit Committee Charter ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 154.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 154.25 Td (Compensation Committee Charter ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 142.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 142.25 Td (Finance Committee Charter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 130.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 130.25 Td (Nominating and Governance Committee Charter ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 104.25 Td (Forward-Looking Statements Found in this Report) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 80.25 Td (This Report contains forward-looking statements within the meaning of Section27A) Tj ET Q q 0 0 0 rg BT 388.27 80.25 Td ( of the Securities ) Tj ET Q q 0 0 0 rg BT 457.70 80.25 Td (Act of 1933 and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 68.25 Td (Section21E of the Securities Exchange ) Tj ET Q q 0 0 0 rg BT 209.96 68.25 Td (Act of 1934, or the Exchange ) Tj ET Q q 0 0 0 rg BT 329.64 68.25 Td (Act, that involve risks and uncertainties. In particular ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 56.25 Td (such forward-looking statements are found in this Part I and under the heading Management) Tj ET Q q 0 0 0 rg BT 426.28 56.25 Td (s Discussion and ) Tj ET Q q 0 0 0 rg BT 495.45 56.25 Td (Analysis of ) Tj ET Q endstream endobj 37 0 obj <> endobj 38 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (Financial Condition and Results of Operation in Part II, Item7 below) Tj ET Q q 0 0 0 rg BT 331.52 742.10 Td (. ) Tj ET Q q 0 0 0 rg BT 336.34 742.10 Td (W) Tj ET Q q 0 0 0 rg BT 344.98 742.10 Td (ords or phrases such as anticipates, believes, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (expects, intends, plans, estimates, predicts, the negative expressions of such words, or similar expressions are used ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (in this Report to identify forward-looking statements, and such forward-looking statements include, but are not limited to, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (statements or expectations regarding: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.00 682.10 Td (\(a\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 682.10 Td (the scope and impact of mercury and other regulations or pollution control requirements, including the impact of the final ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 670.10 Td (MA) Tj ET Q q 0 0 0 rg BT 89.00 670.10 Td (TS; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.00 658.10 Td (\(b\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 658.10 Td (the production of RC will qualify for IRC Section 45 tax credits in conjunction with the production of RC; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.00 646.10 Td (\(c\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 646.10 Td (expected growth or contraction in and potential size of our tar) Tj ET Q q 0 0 0 rg BT 320.95 646.10 Td (get markets; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.00 634.10 Td (\(d\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 634.10 Td (expected supply and demand for our products and services; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.00 622.10 Td (\(e\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 622.10 Td (increasing competition in the emission control market; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.00 610.10 Td (\(f\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 610.10 Td (our ability to satisfy warranty and performance guarantee provisions; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.00 598.10 Td (\(g\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 598.10 Td (expected dissolution and winding down of certain of our wholly-owned subsidiaries;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.00 586.10 Td (\(h\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 586.10 Td (future level of research and development activities;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.00 574.10 Td (\(i\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 574.10 Td (the ef) Tj ET Q q 0 0 0 rg BT 96.30 574.10 Td (fectiveness of our technologies and the benefits they provide; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.00 562.10 Td (\(j\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 562.10 Td (CCS) Tj ET Q q 0 0 0 rg BT 95.68 562.10 Td (s ability to profitably sell and/or lease additional RC facilities and/or RC facilities that may be returned to CCS, or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 550.10 Td (recognize the tax benefits from their operations;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.00 538.10 Td (\(k\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 538.10 Td (probability of any loss occurring with respect to CCS Party Guarantees;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.00 526.10 Td (\(l\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 526.10 Td (the timing of awards of, and work and related testing under) Tj ET Q q 0 0 0 rg BT 310.47 526.10 Td (, our contracts and agreements and their value;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.00 514.10 Td (\(m\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 514.10 Td (the timing and amounts of or changes in future revenues, royalties earned, backlog, funding for our business and projects, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 502.10 Td (mar) Tj ET Q q 0 0 0 rg BT 89.37 502.10 Td (gins, expenses, earnings, tax rate, cash flow) Tj ET Q q 0 0 0 rg BT 263.66 502.10 Td (, royalty payment obligations, working capital, liquidity and other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 490.10 Td (financial and accounting measures; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.00 478.10 Td (\(n\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 478.10 Td (ability to refinance the loan under the Credit ) Tj ET Q q 0 0 0 rg BT 253.38 478.10 Td (Agreement or obtain alternative financing;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.00 466.10 Td (\(o\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 466.10 Td (the outcome of current and pending legal proceedings; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.00 454.10 Td (\(p\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 454.10 Td (awards of patents designed to protect our proprietary technologies both in the U.S. and abroad; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.00 442.10 Td (\(q\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 442.10 Td (the materiality of any future adjustments to previously recorded reimbursements as a result of Department of Ener) Tj ET Q q 0 0 0 rg BT 530.34 442.10 Td (gy ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 430.10 Td (\(DOE\) audits and the amount of contributions from the DOE and others towards planned project construction and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 418.10 Td (demonstrations; and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.00 406.10 Td (\(r\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 406.10 Td (whether any legal challenges or Environmental Protection ) Tj ET Q q 0 0 0 rg BT 308.09 406.10 Td (Agency \(EP) Tj ET Q q 0 0 0 rg BT 360.21 406.10 Td (A\) actions will have a material impact on the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 394.10 Td (implementation of the MA) Tj ET Q q 0 0 0 rg BT 179.82 394.10 Td (TS or other regulations and on our ongoing business.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (Our expectations are based on certain assumptions, including without limitation, that: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.00 346.10 Td (\(a\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 346.10 Td (coal will continue to be a major source of fuel for electrical generation in the United States; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.00 334.10 Td (\(b\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 334.10 Td (the IRS will allow the production of RC to qualify for IRC Section 45 tax credits;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.00 322.10 Td (\(c\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 322.10 Td (contracts we have with the DOE will continue to be funded at expected levels and we will be chosen to participate in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 310.10 Td (additional contracts of a similar nature;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.00 298.10 Td (\(d\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 298.10 Td (we will continue as a key supplier of equipment, chemicals and services to the coal-fired power generation industry as it ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 286.10 Td (seeks to implement reduction of mercury emissions; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.00 274.10 Td (\(e\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 274.10 Td (current environmental laws and regulations requiring reduction of mercury from coal-fired boiler flue gases will not be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 262.10 Td (materially weakened or repealed by courts or legislation in the future; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.00 250.10 Td (\(f\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 250.10 Td (we will be able to meet any performance guarantees we make and continue meet our other obligations under contracts; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.00 238.10 Td (\(g\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 238.10 Td (we will be able to obtain adequate capital and personnel resources to meet our operating needs and to fund anticipated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 226.10 Td (growth and our indemnity obligations; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.00 214.10 Td (\(h\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 214.10 Td (we will be able to establish and retain key business relationships with other companies; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.00 202.10 Td (\(i\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 202.10 Td (orders we anticipate receiving will in fact be received;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.00 190.10 Td (\(j\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 190.10 Td (governmental audits of our costs incurred under DOE contracts will not result in material adjustments to amounts we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 178.10 Td (have previously received under those contracts; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.00 166.10 Td (\(k\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 166.10 Td (we will be able to formulate new chemicals and blends that will be useful to, and accepted by) Tj ET Q q 0 0 0 rg BT 447.11 166.10 Td (, the coal-fired boiler power ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 154.10 Td (generation business; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.00 142.10 Td (\(l\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 142.10 Td (we will be able to ef) Tj ET Q q 0 0 0 rg BT 155.18 142.10 Td (fectively compete against others; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.00 130.10 Td (\(m\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 130.10 Td (we will be able to meet any technical requirements of projects we undertake;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.00 118.10 Td (\(n\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 118.10 Td (CCS will be able to sell or lease the remaining RC facilities, including RC facilities that may be returned to CCS, to third ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 106.10 Td (party investors; and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.00 94.10 Td (\(o\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 94.10 Td (we will be able to utilize our portion of the Section 45 tax credits generated by operation of RC facilities for the benefit of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 82.10 Td (the members of CCS.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 58.10 Td (The forward-looking statements included in this Report involve risks and uncertainties. ) Tj ET Q q 0 0 0 rg BT 401.04 58.10 Td (Actual events or results could dif) Tj ET Q q 0 0 0 rg BT 533.32 58.10 Td (fer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 46.10 Td (materially from those discussed in the forward-looking statements as a result of various factors including, but not limited to, ) Tj ET Q endstream endobj 39 0 obj <> endobj 40 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (timing of new and pending regulations and any legal challenges to or extensions of compliance dates of them; the government) Tj ET Q q 0 0 0 rg BT 557.36 742.10 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (failure to promulgate regulations or appropriate funds that benefit our business; changes in laws and regulations, accounting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (rules, prices, economic conditions and market demand; impact of competition; availability) Tj ET Q q 0 0 0 rg BT 410.91 718.10 Td (, cost of and demand for alternative ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (ener) Tj ET Q q 0 0 0 rg BT 67.03 706.10 Td (gy sources and other technologies; technical, start up and operational dif) Tj ET Q q 0 0 0 rg BT 356.47 706.10 Td (ficulties; failure of the RC facilities to produce ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (coal that qualifies for tax credits; termination of or amendments to the contracts for RC facilities; decreases in the production of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (RC; inability to commercialize our technologies on favorable terms; our inability to ramp up our operations to ef) Tj ET Q q 0 0 0 rg BT 500.54 682.10 Td (fectively ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (address recent and expected growth in our business; loss of key personnel; potential claims from any terminated employees, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (customers or vendors; failure to satisfy performance guarantees; availability of materials and equipment for our businesses; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (intellectual property infringement claims from third parties; pending litigation; elevated spending on non-recurring cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (expenses, which may last longer than expected or reductions in operating costs may be less than expected; identification of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (additional material weaknesses or significant deficiencies; as well as other factors relating to our business, as described in our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (filings with the U.S. Securities and Exchange Commission \(SEC\), with particular emphasis on the risk factor disclosures ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (contained in those filings and in Item1A) Tj ET Q q 0 0 0 rg BT 213.03 598.10 Td ( of this Report. ) Tj ET Q q 0 0 0 rg BT 275.15 598.10 Td (Y) Tj ET Q q 0 0 0 rg BT 281.37 598.10 Td (ou are cautioned not to place undue reliance on the forward-looking ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (statements made in this Report and to consult filings we have made and will make with the SEC for additional discussion ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (concerning risks and uncertainties that may apply to our business and the ownership of our securities. ) Tj ET Q q 0 0 0 rg BT 458.33 574.10 Td (The forward-looking ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (statements contained in this Report are presented as of the date hereof, and we disclaim any duty to update such statements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (unless required by law to do so.) Tj ET Q endstream endobj 41 0 obj <> endobj 42 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (17) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Item1A. Risk Factors) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 50 716.68505859375 m 227.28515625 716.68505859375 l s q 0 0 0 rg BT 50.00 718.25 Td (RISKS RELA) Tj ET Q q 0 0 0 rg BT 109.56 718.25 Td (TING ) Tj ET Q q 0 0 0 rg BT 137.44 718.25 Td (T) Tj ET Q q 0 0 0 rg BT 143.93 718.25 Td (O OUR BUSINESS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 227.29 718.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 694.25 Td (The following risks r) Tj ET Q q 0 0 0 rg BT 138.44 694.25 Td (elate to our) Tj ET Q q 0 0 0 rg BT 186.57 694.25 Td ( business as of the date of this Report, or) Tj ET Q q 0 0 0 rg BT 359.17 694.25 Td ( any alternative date specified. ) Tj ET Q q 0 0 0 rg BT 491.19 694.25 Td (This list of risks ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 682.25 Td (is not intended to be exhaustive, but r) Tj ET Q q 0 0 0 rg BT 209.83 682.25 Td (eflects what we believe ar) Tj ET Q q 0 0 0 rg BT 317.94 682.25 Td (e the material risks inher) Tj ET Q q 0 0 0 rg BT 424.97 682.25 Td (ent in our) Tj ET Q q 0 0 0 rg BT 466.46 682.25 Td ( business and the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 670.25 Td (ownership of our) Tj ET Q q 0 0 0 rg BT 122.60 670.25 Td ( securities as of the specified dates. ) Tj ET Q q 0 0 0 rg BT 272.03 670.25 Td (A) Tj ET Q q 0 0 0 rg BT 278.70 670.25 Td ( statement to the effect that the happening of a specified event ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 658.25 Td (may have a negative impact on our) Tj ET Q q 0 0 0 rg BT 198.70 658.25 Td ( business, r) Tj ET Q q 0 0 0 rg BT 246.03 658.25 Td (esults of operations, pr) Tj ET Q q 0 0 0 rg BT 343.07 658.25 Td (ofitability) Tj ET Q q 0 0 0 rg BT 384.18 658.25 Td (, financial condition, or) Tj ET Q q 0 0 0 rg BT 483.18 658.25 Td ( the like, is ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 646.25 Td (intended to r) Tj ET Q q 0 0 0 rg BT 104.82 646.25 Td (eflect the fact that such an event would be likely to have a negative impact on your) Tj ET Q q 0 0 0 rg BT 455.16 646.25 Td ( investment in the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 634.25 Td (Company) Tj ET Q q 0 0 0 rg BT 91.12 634.25 Td (, but should not imply the likelihood of the occurr) Tj ET Q q 0 0 0 rg BT 302.63 634.25 Td (ence of such specified event. ) Tj ET Q q 0 0 0 rg BT 424.10 634.25 Td (The order) Tj ET Q q 0 0 0 rg BT 466.96 634.25 Td ( in which the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 622.25 Td (following risk factors ar) Tj ET Q q 0 0 0 rg BT 152.30 622.25 Td (e pr) Tj ET Q q 0 0 0 rg BT 169.06 622.25 Td (esented is not intended as an indication of the r) Tj ET Q q 0 0 0 rg BT 369.17 622.25 Td (elative seriousness of any given risk.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 598.25 Td (DEMAND FOR OUR PRODUCTS ) Tj ET Q q 0 0 0 rg BT 202.78 598.25 Td (AND SER) Tj ET Q q 0 0 0 rg BT 246.04 598.25 Td (VICES DEPENDS SIGNIFICANTL) Tj ET Q q 0 0 0 rg BT 400.72 598.25 Td (Y) Tj ET Q q 0 0 0 rg BT 407.57 598.25 Td ( ON ENVIRONMENT) Tj ET Q q 0 0 0 rg BT 504.05 598.25 Td (AL) Tj ET Q q 0 0 0 rg BT 517.39 598.25 Td ( LA) Tj ET Q q 0 0 0 rg BT 532.68 598.25 Td (WS ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 586.25 Td (AND REGULA) Tj ET Q q 0 0 0 rg BT 116.21 586.25 Td (TIONS; UNCER) Tj ET Q q 0 0 0 rg BT 188.36 586.25 Td (T) Tj ET Q q 0 0 0 rg BT 194.29 586.25 Td (AINTY) Tj ET Q q 0 0 0 rg BT 226.15 586.25 Td ( ) Tj ET Q q 0 0 0 rg BT 228.10 586.25 Td (AS ) Tj ET Q q 0 0 0 rg BT 243.20 586.25 Td (T) Tj ET Q q 0 0 0 rg BT 249.69 586.25 Td (O ) Tj ET Q q 0 0 0 rg BT 259.79 586.25 Td (THE FUTURE OF) Tj ET Q q 0 0 0 rg BT 340.53 586.25 Td ( SUCH LA) Tj ET Q q 0 0 0 rg BT 386.10 586.25 Td (WS ) Tj ET Q q 0 0 0 rg BT 403.61 586.25 Td (AND REGULA) Tj ET Q q 0 0 0 rg BT 469.81 586.25 Td (TIONS, ) Tj ET Q q 0 0 0 rg BT 505.39 586.25 Td (AS ) Tj ET Q q 0 0 0 rg BT 520.49 586.25 Td (WELL) Tj ET Q q 0 0 0 rg BT 549.95 586.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 574.25 Td (AS CHANGES ) Tj ET Q q 0 0 0 rg BT 117.06 574.25 Td (T) Tj ET Q q 0 0 0 rg BT 123.54 574.25 Td (O SUCH LA) Tj ET Q q 0 0 0 rg BT 176.89 574.25 Td (WS ) Tj ET Q q 0 0 0 rg BT 194.40 574.25 Td (AND REGULA) Tj ET Q q 0 0 0 rg BT 260.61 574.25 Td (TIONS, OR GRANTING OF) Tj ET Q q 0 0 0 rg BT 385.25 574.25 Td ( EXTENSIONS OF) Tj ET Q q 0 0 0 rg BT 468.23 574.25 Td ( COMPLIANCE ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 562.25 Td (DEADLINES HAS HAD, ) Tj ET Q q 0 0 0 rg BT 160.58 562.25 Td (AND ) Tj ET Q q 0 0 0 rg BT 184.57 562.25 Td (WILL) Tj ET Q q 0 0 0 rg BT 211.25 562.25 Td ( LIKEL) Tj ET Q q 0 0 0 rg BT 244.51 562.25 Td (Y) Tj ET Q q 0 0 0 rg BT 251.36 562.25 Td ( CONTINUE ) Tj ET Q q 0 0 0 rg BT 310.07 562.25 Td (T) Tj ET Q q 0 0 0 rg BT 316.56 562.25 Td (O HA) Tj ET Q q 0 0 0 rg BT 340.55 562.25 Td (VE, ) Tj ET Q q 0 0 0 rg BT 358.89 562.25 Td (A) Tj ET Q q 0 0 0 rg BT 365.56 562.25 Td ( MA) Tj ET Q q 0 0 0 rg BT 383.98 562.25 Td (TERIAL) Tj ET Q q 0 0 0 rg BT 421.77 562.25 Td ( EFFECT) Tj ET Q q 0 0 0 rg BT 463.54 562.25 Td ( ON OUR BUSINESS.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.25 Td (A) Tj ET Q q 0 0 0 rg BT 56.67 538.25 Td ( significant market driver for our existing products and services, and those planned in the future, are present and expected ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.25 Td (environmental laws and regulations, particularly those addressing the reduction of mercury and other emissions from coal-fired ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.25 Td (power plants. If such laws and regulations are delayed or are not enacted or are repealed or amended to be less strict, or include ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.25 Td (prolonged phase-in periods, or not enforced, our business would be adversely af) Tj ET Q q 0 0 0 rg BT 370.01 502.25 Td (fected by declining demand for such products ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.25 Td (and services. For example:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 466.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 466.25 Td (The implementation of environmental regulations regarding certain pollution control and permitting requirements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 454.25 Td (has been delayed from time to time due to various lawsuits. ) Tj ET Q q 0 0 0 rg BT 339.32 454.25 Td (The uncertainty created by litigation and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 442.25 Td (reconsiderations of rule-making by the EP) Tj ET Q q 0 0 0 rg BT 267.20 442.25 Td (A) Tj ET Q q 0 0 0 rg BT 273.87 442.25 Td ( has negatively impacted our business, results of operations and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 430.25 Td (financial condition and will likely continue to do so. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 406.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 406.25 Td (T) Tj ET Q q 0 0 0 rg BT 104.41 406.25 Td (o the extent federal, state, and local legislation mandating that electric power generating companies serving a state ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 394.25 Td (or region purchase a minimum amount of power from renewable ener) Tj ET Q q 0 0 0 rg BT 377.61 394.25 Td (gy sources such as wind, hydroelectric, solar ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 382.25 Td (and geothermal, and such amount lessens demand for electricity from coal-fired plants, those mandates would ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 370.25 Td (likely reduce demand for our products and services. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.25 Td (Federal, state, and international laws or regulations addressing emissions from coal-fired facilities, climate change or other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.25 Td (actions to limit emissions including public opposition to new coal power plants, has caused and could continue to cause ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.25 Td (electricity generators to transition from coal to other fuel and power sources, such as natural gas, nuclear) Tj ET Q q 0 0 0 rg BT 468.33 322.25 Td (, wind, hydroelectric ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.25 Td (and solar) Tj ET Q q 0 0 0 rg BT 85.83 310.25 Td (. ) Tj ET Q q 0 0 0 rg BT 90.64 310.25 Td (The potential financial impact on us of future laws or regulations or public pressure will depend upon the degree to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.25 Td (which electricity generators diminish their reliance on coal as a fuel source. ) Tj ET Q q 0 0 0 rg BT 354.42 298.25 Td (That, in turn, will depend on a number of factors, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.25 Td (including the specific requirements imposed by any such laws or regulations, the periods over which those laws or regulations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.25 Td (are or will be phased in, the amount of public opposition, and the state and cost of commercial development of related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.25 Td (technologies and processes. In addition, Public Utility Commissions may not allow utilities to char) Tj ET Q q 0 0 0 rg BT 445.05 262.25 Td (ge consumers for and pass ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.25 Td (on the cost of emission control technologies without federal or state mandate. In view of the significant uncertainty surrounding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.25 Td (each of these factors, we cannot reasonably predict the impact that any such laws or regulations or public opposition may have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.25 Td (on our results of operations, financial condition or cash flows.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 202.25 Td (THE ) Tj ET Q q 0 0 0 rg BT 73.07 202.25 Td (ABILITY) Tj ET Q q 0 0 0 rg BT 114.93 202.25 Td ( OF) Tj ET Q q 0 0 0 rg BT 130.95 202.25 Td ( CCS ) Tj ET Q q 0 0 0 rg BT 155.77 202.25 Td (T) Tj ET Q q 0 0 0 rg BT 162.26 202.25 Td (O GENERA) Tj ET Q q 0 0 0 rg BT 214.58 202.25 Td (TE REVENUES FROM ) Tj ET Q q 0 0 0 rg BT 320.24 202.25 Td (THE SALE OR LEASE OF) Tj ET Q q 0 0 0 rg BT 438.79 202.25 Td ( RC F) Tj ET Q q 0 0 0 rg BT 463.60 202.25 Td (ACILITIES ) Tj ET Q q 0 0 0 rg BT 517.61 202.25 Td (T) Tj ET Q q 0 0 0 rg BT 524.10 202.25 Td (O ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 190.25 Td (INVEST) Tj ET Q q 0 0 0 rg BT 87.06 190.25 Td (ORS IS NOT) Tj ET Q q 0 0 0 rg BT 143.56 190.25 Td ( ) Tj ET Q q 0 0 0 rg BT 145.51 190.25 Td (ASSURED, ) Tj ET Q q 0 0 0 rg BT 196.64 190.25 Td (AND ) Tj ET Q q 0 0 0 rg BT 220.62 190.25 Td (THE INABILITY) Tj ET Q q 0 0 0 rg BT 297.22 190.25 Td ( ) Tj ET Q q 0 0 0 rg BT 299.54 190.25 Td (T) Tj ET Q q 0 0 0 rg BT 306.03 190.25 Td (O SELL, LEASE OR OPERA) Tj ET Q q 0 0 0 rg BT 433.93 190.25 Td (TE RC F) Tj ET Q q 0 0 0 rg BT 472.08 190.25 Td (ACILITIES ) Tj ET Q q 0 0 0 rg BT 526.08 190.25 Td (T) Tj ET Q q 0 0 0 rg BT 532.57 190.25 Td (O ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 178.25 Td (GENERA) Tj ET Q q 0 0 0 rg BT 92.04 178.25 Td (TE IRC SECTION 45 ) Tj ET Q q 0 0 0 rg BT 188.55 178.25 Td (T) Tj ET Q q 0 0 0 rg BT 194.48 178.25 Td (AX CREDITS COULD ) Tj ET Q q 0 0 0 rg BT 296.44 178.25 Td (ADVERSEL) Tj ET Q q 0 0 0 rg BT 349.98 178.25 Td (Y) Tj ET Q q 0 0 0 rg BT 356.83 178.25 Td ( ) Tj ET Q q 0 0 0 rg BT 358.78 178.25 Td (AFFECT) Tj ET Q q 0 0 0 rg BT 398.60 178.25 Td ( OUR FUTURE GROWTH ) Tj ET Q q 0 0 0 rg BT 518.61 178.25 Td (AND ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 166.25 Td (PROFIT) Tj ET Q q 0 0 0 rg BT 87.04 166.25 Td (ABILITY) Tj ET Q q 0 0 0 rg BT 128.35 166.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.25 Td (Except for RC facilities that CCS may retain and operate permanently for its own account, CCS is attempting to sell or lease ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.25 Td (the remaining RC facilities to investors. ) Tj ET Q q 0 0 0 rg BT 211.73 130.25 Td (The inability of CCS to successfully lease or sell additional RC facilities, or RC ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.25 Td (facilities that may be returned to CCS over time, to third party investors who will receive the benefit of the IRC Section45 tax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.25 Td (credits that it expects to generate from those RC facilities would likely have an adverse ef) Tj ET Q q 0 0 0 rg BT 408.86 106.25 Td (fect on future growth and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.25 Td (profitability) Tj ET Q q 0 0 0 rg BT 97.12 94.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 70.25 Td (Furthermore, if in the future electric power generators decide to limit coal-fired generation for economic reasons and/or not to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 58.25 Td (burn and use RC and instead switch to another power or fuel source, CCS would likely be unable to fully generate the IRC ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 46.25 Td (Section45 tax credits potentially available from RC facilities over the anticipated term of the IRC Section45 tax credit ) Tj ET Q endstream endobj 43 0 obj <> endobj 44 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (18) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (program. In addition, pursuant to CCS) Tj ET Q q 0 0 0 rg BT 206.38 742.10 Td (s Operating ) Tj ET Q q 0 0 0 rg BT 254.70 742.10 Td (Agreement, if CCS is unable to generate enough revenue through the sale or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (lease of RC facilities over the next eight years to return the unrecovered investment balance, on an investment in CCS of $60 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (million made by GSFS, an af) Tj ET Q q 0 0 0 rg BT 166.48 718.10 Td (filiate of GS, plus a 15% annual return thereon, then GSFS may require CCS to redeem its interest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (in CCS for any deficit of such amount not distributed to GSFS. ) Tj ET Q q 0 0 0 rg BT 304.16 706.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.60 706.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.19 706.10 Td (, the unrecovered investment balance, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (inclusive of the 15% annual return was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 208.56 694.10 Td ($30.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.46 694.10 Td (, as shown in the CCS Consolidated Financial Statements, included within ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (Item 15 of this Form 10-K.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (MARKET) Tj ET Q q 0 0 0 rg BT 94.82 658.10 Td ( UNCER) Tj ET Q q 0 0 0 rg BT 132.52 658.10 Td (T) Tj ET Q q 0 0 0 rg BT 138.45 658.10 Td (AINTY) Tj ET Q q 0 0 0 rg BT 170.31 658.10 Td ( CREA) Tj ET Q q 0 0 0 rg BT 200.40 658.10 Td (TED BY) Tj ET Q q 0 0 0 rg BT 236.98 658.10 Td ( ) Tj ET Q q 0 0 0 rg BT 239.30 658.10 Td (THE LACK OF) Tj ET Q q 0 0 0 rg BT 307.83 658.10 Td ( GUIDANCE ) Tj ET Q q 0 0 0 rg BT 366.72 658.10 Td (AND RULINGS ISSUED BY) Tj ET Q q 0 0 0 rg BT 491.10 658.10 Td ( COUR) Tj ET Q q 0 0 0 rg BT 522.70 658.10 Td (TS ) Tj ET Q q 0 0 0 rg BT 536.88 658.10 Td (AND ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (THE IRS COULD INHIBIT) Tj ET Q q 0 0 0 rg BT 171.24 646.10 Td ( CCS's ) Tj ET Q q 0 0 0 rg BT 202.36 646.10 Td (ABILITY) Tj ET Q q 0 0 0 rg BT 244.23 646.10 Td ( ) Tj ET Q q 0 0 0 rg BT 246.55 646.10 Td (T) Tj ET Q q 0 0 0 rg BT 253.04 646.10 Td (O LEASE OR SELL) Tj ET Q q 0 0 0 rg BT 341.13 646.10 Td ( ) Tj ET Q q 0 0 0 rg BT 343.08 646.10 Td (ADDITIONAL) Tj ET Q q 0 0 0 rg BT 407.53 646.10 Td ( RC F) Tj ET Q q 0 0 0 rg BT 432.34 646.10 Td (ACILITIES OR REQUIRE ) Tj ET Q q 0 0 0 rg BT 552.66 646.10 Td (A) Tj ET Q q 0 0 0 rg BT 559.33 646.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (RESTRUCTURING OF) Tj ET Q q 0 0 0 rg BT 153.26 634.10 Td (, OR RESUL) Tj ET Q q 0 0 0 rg BT 208.19 634.10 Td (T) Tj ET Q q 0 0 0 rg BT 214.68 634.10 Td ( IN ) Tj ET Q q 0 0 0 rg BT 230.61 634.10 Td (THE ) Tj ET Q q 0 0 0 rg BT 254.05 634.10 Td (TERMINA) Tj ET Q q 0 0 0 rg BT 301.64 634.10 Td (TION OF) Tj ET Q q 0 0 0 rg BT 342.67 634.10 Td (, EXISTING ) Tj ET Q q 0 0 0 rg BT 398.53 634.10 Td (ARRANGEMENTS. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (The availability of IRC Section45 tax credits to taxpayers investing in RC facilities depends upon a number of factors, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (including the risk assumed by the taxpayer in the RC facility investment transaction. ) Tj ET Q q 0 0 0 rg BT 390.30 598.10 Td (The law addressing when a taxpayer may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (and may not avail itself of IRC Section45 tax credits is not fully developed and is subject to rulings by courts, interpretations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (by the IRS and other of) Tj ET Q q 0 0 0 rg BT 143.41 574.10 Td (ficial pronouncements on tax credit regulations. If rulings, guidance or other pronouncements of courts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (or the IRS are lacking or are interpreted as allowing the IRS to restrict availability) Tj ET Q q 0 0 0 rg BT 377.58 562.10 Td (, increase the dif) Tj ET Q q 0 0 0 rg BT 443.48 562.10 Td (ficulty) Tj ET Q q 0 0 0 rg BT 468.93 562.10 Td (, or prohibit or limit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (the ability of taxpayers to take advantage of IRC Section45 tax credits, several aspects of our current and future RC business ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (could be adversely impacted. For example, current investors in RC facilities may decide to terminate their existing agreements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (or potential investors may reduce the price they are willing to pay or change the structure of the investment to account for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (perceived risks associated with IRC Section45 tax credits. Finally) Tj ET Q q 0 0 0 rg BT 314.85 514.10 Td (, for four years after an RC facility is placed in service it is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (eligible to generate IRC Section 45 tax credits referred to as specified credits which are attractive to individual taxpayers. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (Since the time period to generate specified credits passed at the end of December 2015, individual taxpayers may no longer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (participate in the market and the size of the pool of taxpayers wishing to lease or buy an RC facility has been reduced. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (TECHNICAL) Tj ET Q q 0 0 0 rg BT 110.01 454.10 Td ( OR OPERA) Tj ET Q q 0 0 0 rg BT 164.27 454.10 Td (TIONAL) Tj ET Q q 0 0 0 rg BT 203.17 454.10 Td ( PROBLEMS ) Tj ET Q q 0 0 0 rg BT 264.11 454.10 Td (WITH LONG-TERM OPERA) Tj ET Q q 0 0 0 rg BT 394.49 454.10 Td (TION OF) Tj ET Q q 0 0 0 rg BT 436.06 454.10 Td ( OUR RC F) Tj ET Q q 0 0 0 rg BT 485.60 454.10 Td (ACILITIES ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (COULD RESUL) Tj ET Q q 0 0 0 rg BT 121.04 442.10 Td (T) Tj ET Q q 0 0 0 rg BT 127.53 442.10 Td ( IN ) Tj ET Q q 0 0 0 rg BT 143.09 442.10 Td (ADDITIONAL) Tj ET Q q 0 0 0 rg BT 207.55 442.10 Td ( COSTS ) Tj ET Q q 0 0 0 rg BT 244.79 442.10 Td (AND DELA) Tj ET Q q 0 0 0 rg BT 295.82 442.10 Td (YS ) Tj ET Q q 0 0 0 rg BT 310.92 442.10 Td (THA) Tj ET Q q 0 0 0 rg BT 331.85 442.10 Td (T) Tj ET Q q 0 0 0 rg BT 338.34 442.10 Td ( ) Tj ET Q q 0 0 0 rg BT 340.29 442.10 Td (ADVERSEL) Tj ET Q q 0 0 0 rg BT 393.83 442.10 Td (Y) Tj ET Q q 0 0 0 rg BT 400.68 442.10 Td ( ) Tj ET Q q 0 0 0 rg BT 402.63 442.10 Td (AFFECT) Tj ET Q q 0 0 0 rg BT 442.45 442.10 Td ( OUR FINANCIAL) Tj ET Q q 0 0 0 rg BT 525.79 442.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (CONDITION. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (The initial RC facilities were operated using CyClean technology at cyclone boilers. CCS began operating RC facilities using ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (its M-45) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 84.17 398.63 Td (TM) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.92 394.10 Td ( technology at circulating fluidized bed \("CFB"\) boilers in 2012 and pulverized coal \("PC"\) boilers in 2013. Given ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (the dif) Tj ET Q q 0 0 0 rg BT 75.64 382.10 Td (ferent technology and boilers, the likelihood for technical or operational problems may be increased. ) Tj ET Q q 0 0 0 rg BT 479.95 382.10 Td (Any such problems ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (could result in decreased production of RC at such facilities and/or delays in, or postponement or cancellation of, expected ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (potential future installations and operations at electric power generators and would likely have a material adverse ef) Tj ET Q q 0 0 0 rg BT 512.97 358.10 Td (fect on our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td (business, financial condition and results of operations. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (PRESENT) Tj ET Q q 0 0 0 rg BT 95.94 322.10 Td ( RELIANCE UPON ONE INVEST) Tj ET Q q 0 0 0 rg BT 245.79 322.10 Td (OR FOR ) Tj ET Q q 0 0 0 rg BT 286.34 322.10 Td (A) Tj ET Q q 0 0 0 rg BT 293.01 322.10 Td ( SUBST) Tj ET Q q 0 0 0 rg BT 326.46 322.10 Td (ANTIAL) Tj ET Q q 0 0 0 rg BT 364.80 322.10 Td ( POR) Tj ET Q q 0 0 0 rg BT 388.06 322.10 Td (TION OF) Tj ET Q q 0 0 0 rg BT 429.63 322.10 Td ( OUR EARNINGS FROM ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (CCS ) Tj ET Q q 0 0 0 rg BT 71.95 310.10 Td (AND ) Tj ET Q q 0 0 0 rg BT 95.57 310.10 Td (ANY) Tj ET Q q 0 0 0 rg BT 116.86 310.10 Td ( RENEGOTIA) Tj ET Q q 0 0 0 rg BT 179.74 310.10 Td (TION BY) Tj ET Q q 0 0 0 rg BT 221.32 310.10 Td ( OR LOSS OF) Tj ET Q q 0 0 0 rg BT 282.91 310.10 Td ( ) Tj ET Q q 0 0 0 rg BT 285.23 310.10 Td (THIS INVEST) Tj ET Q q 0 0 0 rg BT 348.69 310.10 Td (OR OR ) Tj ET Q q 0 0 0 rg BT 383.13 310.10 Td (ANY) Tj ET Q q 0 0 0 rg BT 404.43 310.10 Td ( F) Tj ET Q q 0 0 0 rg BT 412.29 310.10 Td (AILURE ) Tj ET Q q 0 0 0 rg BT 453.51 310.10 Td (T) Tj ET Q q 0 0 0 rg BT 460.00 310.10 Td (O CONTINUE ) Tj ET Q q 0 0 0 rg BT 526.49 310.10 Td (T) Tj ET Q q 0 0 0 rg BT 532.98 310.10 Td (O ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (PRODUCE RC ) Tj ET Q q 0 0 0 rg BT 118.33 298.10 Td (A) Tj ET Q q 0 0 0 rg BT 124.81 298.10 Td (T) Tj ET Q q 0 0 0 rg BT 131.30 298.10 Td ( ) Tj ET Q q 0 0 0 rg BT 133.62 298.10 Td (THE INVEST) Tj ET Q q 0 0 0 rg BT 194.30 298.10 Td (ORS RC F) Tj ET Q q 0 0 0 rg BT 243.00 298.10 Td (ACILITIES ) Tj ET Q q 0 0 0 rg BT 297.01 298.10 Td (WOULD HA) Tj ET Q q 0 0 0 rg BT 352.11 298.10 Td (VE ) Tj ET Q q 0 0 0 rg BT 367.95 298.10 Td (A) Tj ET Q q 0 0 0 rg BT 374.62 298.10 Td ( MA) Tj ET Q q 0 0 0 rg BT 393.04 298.10 Td (TERIAL) Tj ET Q q 0 0 0 rg BT 430.83 298.10 Td ( ) Tj ET Q q 0 0 0 rg BT 432.78 298.10 Td (ADVERSE EFFECT) Tj ET Q q 0 0 0 rg BT 522.33 298.10 Td ( ON ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (OUR BUSINESS. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (As of December 31, 2015, ten of CCS) Tj ET Q q 0 0 0 rg BT 205.25 262.10 Td (s 28 RC facilities are leased to entities related to af) Tj ET Q q 0 0 0 rg BT 408.33 262.10 Td (filiates of GS. Significant components ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (of our total cash flows come from CCS distributions relating to these leases. ) Tj ET Q q 0 0 0 rg BT 356.99 250.10 Td (These leases have an initial fixed period and then ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td (automatically renew) Tj ET Q q 0 0 0 rg BT 130.70 238.10 Td (, unless terminated at the option of the lessee, for successive one-year terms through 2019 or 2021. If these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (GS related entities renegotiated or terminated their leases or if the utilities where the RC facilities are installed materially ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td (reduce their use of RC, this would have a material adverse ef) Tj ET Q q 0 0 0 rg BT 293.62 214.10 Td (fect on our business, results of operations or financial condition. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (Certain GS related entities renewed their leases in the first quarter of 2016 with some of them including renegotiated less ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.10 Td (favorable terms.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 166.10 Td (REDUCTION OF) Tj ET Q q 0 0 0 rg BT 127.13 166.10 Td ( COAL) Tj ET Q q 0 0 0 rg BT 157.97 166.10 Td ( CONSUMPTION BY) Tj ET Q q 0 0 0 rg BT 252.61 166.10 Td ( U.S. ELECTRIC POWER GENERA) Tj ET Q q 0 0 0 rg BT 412.45 166.10 Td (T) Tj ET Q q 0 0 0 rg BT 418.94 166.10 Td (ORS COULD RESUL) Tj ET Q q 0 0 0 rg BT 513.04 166.10 Td (T) Tj ET Q q 0 0 0 rg BT 519.53 166.10 Td ( IN LESS ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 154.10 Td (DEMAND FOR OUR PRODUCTS ) Tj ET Q q 0 0 0 rg BT 202.78 154.10 Td (AND SER) Tj ET Q q 0 0 0 rg BT 246.04 154.10 Td (VICES. IF) Tj ET Q q 0 0 0 rg BT 291.24 154.10 Td ( UTILITIES SIGNIFICANTL) Tj ET Q q 0 0 0 rg BT 419.81 154.10 Td (Y) Tj ET Q q 0 0 0 rg BT 426.66 154.10 Td ( REDUCE ) Tj ET Q q 0 0 0 rg BT 473.71 154.10 Td (THE NUMBER OF) Tj ET Q q 0 0 0 rg BT 557.78 154.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 142.10 Td (COAL) Tj ET Q q 0 0 0 rg BT 78.34 142.10 Td ( FIRED POWER PLANTS OR ) Tj ET Q q 0 0 0 rg BT 214.00 142.10 Td (THE ) Tj ET Q q 0 0 0 rg BT 237.07 142.10 Td (AMOUNT) Tj ET Q q 0 0 0 rg BT 282.44 142.10 Td ( OF) Tj ET Q q 0 0 0 rg BT 298.46 142.10 Td ( COAL) Tj ET Q q 0 0 0 rg BT 329.30 142.10 Td ( BURNED, ) Tj ET Q q 0 0 0 rg BT 378.84 142.10 Td (WITHOUT) Tj ET Q q 0 0 0 rg BT 428.67 142.10 Td ( ) Tj ET Q q 0 0 0 rg BT 430.62 142.10 Td (A) Tj ET Q q 0 0 0 rg BT 437.29 142.10 Td ( CORRESPONDING ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 130.10 Td (INCREASE IN ) Tj ET Q q 0 0 0 rg BT 117.61 130.10 Td (THE SER) Tj ET Q q 0 0 0 rg BT 160.33 130.10 Td (VICES REQUIRED ) Tj ET Q q 0 0 0 rg BT 249.24 130.10 Td (A) Tj ET Q q 0 0 0 rg BT 255.72 130.10 Td (T) Tj ET Q q 0 0 0 rg BT 262.21 130.10 Td ( ) Tj ET Q q 0 0 0 rg BT 264.53 130.10 Td (THE REMAINING PLANTS. ) Tj ET Q q 0 0 0 rg BT 395.48 130.10 Td (THIS COULD REDUCE OUR ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 118.10 Td (REVENUES ) Tj ET Q q 0 0 0 rg BT 106.41 118.10 Td (AND MA) Tj ET Q q 0 0 0 rg BT 146.49 118.10 Td (TERIALL) Tj ET Q q 0 0 0 rg BT 190.59 118.10 Td (Y) Tj ET Q q 0 0 0 rg BT 197.44 118.10 Td ( ) Tj ET Q q 0 0 0 rg BT 199.38 118.10 Td (AND ) Tj ET Q q 0 0 0 rg BT 223.00 118.10 Td (ADVERSEL) Tj ET Q q 0 0 0 rg BT 276.54 118.10 Td (Y) Tj ET Q q 0 0 0 rg BT 283.39 118.10 Td ( ) Tj ET Q q 0 0 0 rg BT 285.34 118.10 Td (AFFECT) Tj ET Q q 0 0 0 rg BT 325.16 118.10 Td ( OUR BUSINESS, FINANCIAL) Tj ET Q q 0 0 0 rg BT 461.86 118.10 Td ( CONDITION, ) Tj ET Q q 0 0 0 rg BT 527.70 118.10 Td (AND ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 106.10 Td (RESUL) Tj ET Q q 0 0 0 rg BT 82.43 106.10 Td (TS OF) Tj ET Q q 0 0 0 rg BT 110.67 106.10 Td ( OPERA) Tj ET Q q 0 0 0 rg BT 147.43 106.10 Td (TIONS.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.10 Td (The amount of coal consumed for U.S. electric power generation is af) Tj ET Q q 0 0 0 rg BT 328.89 82.10 Td (fected by) Tj ET Q q 0 0 0 rg BT 365.16 82.10 Td (, among other things \(1\)the location, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 70.10 Td (availability) Tj ET Q q 0 0 0 rg BT 94.34 70.10 Td (, quality and price of alternative ener) Tj ET Q q 0 0 0 rg BT 241.59 70.10 Td (gy sources for power generation, such as natural gas, fuel oil, nuclear) Tj ET Q q 0 0 0 rg BT 518.31 70.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 58.10 Td (hydroelectric, wind, biomass and solar power; and \(2\)technological developments, including those related to alternative ener) Tj ET Q q 0 0 0 rg BT 550.77 58.10 Td (gy ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 46.10 Td (sources.) Tj ET Q endstream endobj 45 0 obj <> endobj 46 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (19) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (Natural gas-fueled generation has been displacing and may continue to displace coal-fueled generation, particularly from older) Tj ET Q q 0 0 0 rg BT 556.62 742.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (less ef) Tj ET Q q 0 0 0 rg BT 75.09 730.10 Td (ficient coal-powered generators. ) Tj ET Q q 0 0 0 rg BT 206.51 730.10 Td (W) Tj ET Q q 0 0 0 rg BT 215.15 730.10 Td (e expect that many of the new power plants needed to meet increasing demand for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (electricity generation will be fueled by natural gas because the price of natural gas has remained at relatively low levels after a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (period of sharp decline, gas-fired plants are cheaper to construct and permits to construct these plants are easier to obtain as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (natural gas is seen as having a lower environmental impact than coal-fueled generators, and ongoing costs associated with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (meeting environmental compliance are lower) Tj ET Q q 0 0 0 rg BT 230.48 682.10 Td (. Possible advances in technologies and incentives, such as tax credits, to enhance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (the economics of renewable ener) Tj ET Q q 0 0 0 rg BT 181.42 670.10 Td (gy sources could make these sources more competitive with coal. Several lar) Tj ET Q q 0 0 0 rg BT 488.36 670.10 Td (ge U.S.-based ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (banks have publicly indicated they will no longer finance new coal-fired power plants in the U.S. and at least five lar) Tj ET Q q 0 0 0 rg BT 517.45 658.10 Td (ge coal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (companies have recently filed bankruptcy) Tj ET Q q 0 0 0 rg BT 216.50 646.10 Td (. ) Tj ET Q q 0 0 0 rg BT 220.95 646.10 Td (Any reduction in the amount of coal consumed by domestic electric power ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (generators could reduce the demand for our current products and services, thereby reducing our revenues and materially and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (adversely af) Tj ET Q q 0 0 0 rg BT 98.40 622.10 Td (fecting our business and results of operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 99.90 598.10 Td (, long-term changes in environmental regulation that threaten or preclude the use of coal or other fossil fuels as a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (primary fuel source for electricity production, and result in the reduction or closure of a significant number of coal-fired power ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (plants, may adversely af) Tj ET Q q 0 0 0 rg BT 147.01 574.10 Td (fect our business, financial condition and results of operations.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (OUR DEPENDENCE ON ) Tj ET Q q 0 0 0 rg BT 163.44 550.10 Td (THIRD P) Tj ET Q q 0 0 0 rg BT 204.09 550.10 Td (AR) Tj ET Q q 0 0 0 rg BT 218.18 550.10 Td (TIES FOR MANUF) Tj ET Q q 0 0 0 rg BT 303.55 550.10 Td (ACTURING KEY) Tj ET Q q 0 0 0 rg BT 381.80 550.10 Td ( COMPONENTS OF) Tj ET Q q 0 0 0 rg BT 471.98 550.10 Td ( OUR SYSTEMS ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (MA) Tj ET Q q 0 0 0 rg BT 65.74 538.10 Td (Y) Tj ET Q q 0 0 0 rg BT 72.59 538.10 Td ( CAUSE DELA) Tj ET Q q 0 0 0 rg BT 138.35 538.10 Td (YS IN DELIVERIES, INCREASED ) Tj ET Q q 0 0 0 rg BT 295.16 538.10 Td (W) Tj ET Q q 0 0 0 rg BT 304.05 538.10 Td (ARRANTY) Tj ET Q q 0 0 0 rg BT 353.68 538.10 Td ( CLAIMS, ) Tj ET Q q 0 0 0 rg BT 400.63 538.10 Td (AND INCREASED COSTS ) Tj ET Q q 0 0 0 rg BT 521.31 538.10 Td (T) Tj ET Q q 0 0 0 rg BT 527.80 538.10 Td (O US.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (Between 2012 and 2015, we owned and controlled only one manufacturing and assembly facility for our DSI systems. In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (accordance with our previous disclosures, manufacturing and assembly operations at that facility) Tj ET Q q 0 0 0 rg BT 436.45 502.10 Td (, located in McKeesport, P) Tj ET Q q 0 0 0 rg BT 542.17 502.10 Td (A, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (were shut down at the end of 2015. Like most of our competitors, we currently rely heavily upon third parties for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (manufacture, assembly and some of the testing of key components, such as tanks, for our ) Tj ET Q q 0 0 0 rg BT 408.25 478.10 Td (ACI systems and in the future will ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (also rely on third parties for our DSI systems. Delays or dif) Tj ET Q q 0 0 0 rg BT 287.00 466.10 Td (ficulties in the manufacturing, assembly) Tj ET Q q 0 0 0 rg BT 446.58 466.10 Td (, or delivery of key ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (components of our products could harm our business and financial condition.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (There are limited sources of acceptable supply for some key ) Tj ET Q q 0 0 0 rg BT 292.69 430.10 Td (ACI and DSI system components. Business disruptions, financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (dif) Tj ET Q q 0 0 0 rg BT 60.93 418.10 Td (ficulties of third party suppliers or raw material shortages could increase the cost of our goods sold or reduce the availability ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (of these components. ) Tj ET Q q 0 0 0 rg BT 136.65 406.10 Td (Although the record high customer orders for ) Tj ET Q q 0 0 0 rg BT 320.21 406.10 Td (ACI and DSI systems in 2013 and 2014 decreased for 2015, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (the supplier marketplace continues to feel the impact of the rapid and substantial increase in the need for components and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (materials. If we are unable to obtain a suf) Tj ET Q q 0 0 0 rg BT 215.59 382.10 Td (ficient supply of required components that meet customer specifications in a timely ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (manner) Tj ET Q q 0 0 0 rg BT 79.58 370.10 Td (, we could experience significant delays in delivery or increased warranty claims, associated with delivery and product ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (performance. Similarly) Tj ET Q q 0 0 0 rg BT 142.09 358.10 Td (, as we shut down the McKeesport facility and outsource activities to third parties, any significant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td (disruption could result in delays or customer claims. Disruptions of these types could result in the loss of orders or customers or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (liability for liquidated damages which could materially and adversely af) Tj ET Q q 0 0 0 rg BT 337.78 334.10 Td (fect our business, financial condition and results of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (operations.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (PENDING SECURITIES CLASS ) Tj ET Q q 0 0 0 rg BT 195.88 298.10 Td (ACTION LITIGA) Tj ET Q q 0 0 0 rg BT 273.76 298.10 Td (TION ) Tj ET Q q 0 0 0 rg BT 301.27 298.10 Td (AND DERIV) Tj ET Q q 0 0 0 rg BT 356.38 298.10 Td (A) Tj ET Q q 0 0 0 rg BT 362.86 298.10 Td (TIVE ) Tj ET Q q 0 0 0 rg BT 389.26 298.10 Td (ACTION COULD DIVER) Tj ET Q q 0 0 0 rg BT 502.25 298.10 Td (T) Tj ET Q q 0 0 0 rg BT 508.74 298.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (MANAGEMENTS FOCUS, RESUL) Tj ET Q q 0 0 0 rg BT 208.26 286.10 Td (T) Tj ET Q q 0 0 0 rg BT 214.75 286.10 Td ( IN SUBST) Tj ET Q q 0 0 0 rg BT 261.81 286.10 Td (ANTIAL) Tj ET Q q 0 0 0 rg BT 300.15 286.10 Td ( INVESTIGA) Tj ET Q q 0 0 0 rg BT 358.04 286.10 Td (TION EXPENSES, ) Tj ET Q q 0 0 0 rg BT 442.23 286.10 Td (AND HA) Tj ET Q q 0 0 0 rg BT 480.11 286.10 Td (VE ) Tj ET Q q 0 0 0 rg BT 495.95 286.10 Td (AN ) Tj ET Q q 0 0 0 rg BT 512.34 286.10 Td (ADVERSE ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (IMP) Tj ET Q q 0 0 0 rg BT 68.70 274.10 Td (ACT) Tj ET Q q 0 0 0 rg BT 89.63 274.10 Td ( ON OUR REPUT) Tj ET Q q 0 0 0 rg BT 167.50 274.10 Td (A) Tj ET Q q 0 0 0 rg BT 173.98 274.10 Td (TION, FINANCIAL) Tj ET Q q 0 0 0 rg BT 260.66 274.10 Td ( CONDITION ) Tj ET Q q 0 0 0 rg BT 324.00 274.10 Td (AND RESUL) Tj ET Q q 0 0 0 rg BT 380.60 274.10 Td (TS OF) Tj ET Q q 0 0 0 rg BT 408.84 274.10 Td ( OPERA) Tj ET Q q 0 0 0 rg BT 445.60 274.10 Td (TIONS. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (On May 1, 2014, we became the defendant in a class action lawsuit in the United States District Court for the District of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td (Colorado, where it is alleged that the Company violated federal securities laws by making materially false and misleading ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (statements, among other things. ) Tj ET Q q 0 0 0 rg BT 178.87 226.10 Td (At that time, Plaintif) Tj ET Q q 0 0 0 rg BT 260.90 226.10 Td (fs were seeking compensatory damages for alleged injuries incurred ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td (between March 14, 2013 and ) Tj ET Q q 0 0 0 rg BT 168.30 214.10 Td (April 23, 2014. Plaintif) Tj ET Q q 0 0 0 rg BT 261.17 214.10 Td (fs amended their complaint on ) Tj ET Q q 0 0 0 rg BT 384.75 214.10 Td (April 20, 2015 to extend the period for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (which they will seek damages to May 12, 201) Tj ET Q q 0 0 0 rg BT 233.20 202.10 Td (1 through January 23, 2015. On July 2, 2014, certain of our current and former ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.10 Td (executive of) Tj ET Q q 0 0 0 rg BT 98.96 190.10 Td (ficers and directors became defendants in stockholder derivative litigation alleging breaches of fiduciary duties, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td (waste of corporate assets, utilization of improper accounting techniques and failure to maintain ef) Tj ET Q q 0 0 0 rg BT 440.24 178.10 Td (fective internal controls that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.10 Td (together resulted in materially inaccurate financial statements from which incentive compensation was derived and paid. ) Tj ET Q q 0 0 0 rg BT 534.09 166.10 Td (This ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.10 Td (derivative action has been stayed until after certain matters in the class action lawsuit have been ruled on by the court. ) Tj ET Q q 0 0 0 rg BT 524.09 154.10 Td (While ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.10 Td (we are defending both actions vigorously) Tj ET Q q 0 0 0 rg BT 214.58 142.10 Td (, the outcome of these actions or the court rulings may substantially harm our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.10 Td (business. ) Tj ET Q q 0 0 0 rg BT 88.71 130.10 Td (W) Tj ET Q q 0 0 0 rg BT 97.35 130.10 Td (e have incurred significant legal expenditures in connection with these actions, and we are unable to predict the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.10 Td (duration, scope, developments in, results of, or the consequences of the actions. ) Tj ET Q q 0 0 0 rg BT 370.57 118.10 Td (The lawsuits could in the future result in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.10 Td (imposition of damages, additional civil lawsuits, interruptions of business, modification of business practices and equitable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.10 Td (remedies against us or our personnel as well as significant legal and other costs. Because the matters are ongoing, we cannot ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.10 Td (assure you as to how the resulting consequences, if any) Tj ET Q q 0 0 0 rg BT 270.41 82.10 Td (, may impact our business, reputation, financial condition, results of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 70.10 Td (operations and cash flow) Tj ET Q q 0 0 0 rg BT 149.04 70.10 Td (. ) Tj ET Q q 0 0 0 rg BT 153.86 70.10 Td (W) Tj ET Q q 0 0 0 rg BT 162.50 70.10 Td (e cannot currently estimate the potential liability) Tj ET Q q 0 0 0 rg BT 355.67 70.10 Td (, damages, or range of potential loss, if any) Tj ET Q q 0 0 0 rg BT 527.48 70.10 Td (, as a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 58.10 Td (result of the legal proceedings. 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Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.25 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 682.25 Td (e have agreed to indemnify licensees of our technologies \(including CCS and ) Tj ET Q q 0 0 0 rg BT 369.67 682.25 Td (Arch Coal, Inc.\) and purchasers of our products ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.25 Td (and may enter into additional agreements with others under which we agree to indemnify and hold the third party harmless ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.25 Td (from and against losses it may incur as a result of the infringement of third party rights caused by the use of our technologies ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.25 Td (and products. Infringement claims, which are expensive and time-consuming to defend, could have a material adverse ef) Tj ET Q q 0 0 0 rg BT 532.14 646.25 Td (fect on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.25 Td (our business, operating results and financial condition, even if we are successful in defending ourselves \(and indemnified ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.25 Td (parties\) against them.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 598.25 Td (OUR FUTURE SUCCESS DEPENDS IN P) Tj ET Q q 0 0 0 rg BT 234.01 598.25 Td (AR) Tj ET Q q 0 0 0 rg BT 248.10 598.25 Td (T) Tj ET Q q 0 0 0 rg BT 254.59 598.25 Td ( ON OUR ONGOING IDENTIFICA) Tj ET Q q 0 0 0 rg BT 410.53 598.25 Td (TION ) Tj ET Q q 0 0 0 rg BT 438.04 598.25 Td (AND DEVELOPMENT) Tj ET Q q 0 0 0 rg BT 540.36 598.25 Td ( OF) Tj ET Q q 0 0 0 rg BT 556.38 598.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 586.25 Td (INTELLECTUAL) Tj ET Q q 0 0 0 rg BT 128.92 586.25 Td ( PROPER) Tj ET Q q 0 0 0 rg BT 172.17 586.25 Td (TY) Tj ET Q q 0 0 0 rg BT 185.69 586.25 Td ( ) Tj ET Q q 0 0 0 rg BT 187.64 586.25 Td (AND OUR ) Tj ET Q q 0 0 0 rg BT 235.98 586.25 Td (ABILITY) Tj ET Q q 0 0 0 rg BT 277.84 586.25 Td ( ) Tj ET Q q 0 0 0 rg BT 280.16 586.25 Td (T) Tj ET Q q 0 0 0 rg BT 286.65 586.25 Td (O INVEST) Tj ET Q q 0 0 0 rg BT 333.98 586.25 Td ( IN ) Tj ET Q q 0 0 0 rg BT 349.55 586.25 Td (AND DEPLOY) Tj ET Q q 0 0 0 rg BT 415.01 586.25 Td ( NEW) Tj ET Q q 0 0 0 rg BT 441.22 586.25 Td ( PRODUCTS, SER) Tj ET Q q 0 0 0 rg BT 522.83 586.25 Td (VICES, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 574.25 Td (AND ) Tj ET Q q 0 0 0 rg BT 73.98 574.25 Td (TECHNOLOGIES INT) Tj ET Q q 0 0 0 rg BT 175.78 574.25 Td (O ) Tj ET Q q 0 0 0 rg BT 185.87 574.25 Td (THE MARKETPLACE EFFICIENTL) Tj ET Q q 0 0 0 rg BT 351.09 574.25 Td (Y) Tj ET Q q 0 0 0 rg BT 357.94 574.25 Td ( ) Tj ET Q q 0 0 0 rg BT 359.89 574.25 Td (AND COST) Tj ET Q q 0 0 0 rg BT 411.10 574.25 Td ( EFFECTIVEL) Tj ET Q q 0 0 0 rg BT 476.59 574.25 Td (Y) Tj ET Q q 0 0 0 rg BT 482.89 574.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.25 Td (The process of identifying customer needs, and developing and enhancing products, services and solutions for our various ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.25 Td (business segments is complex, costly and uncertain. ) Tj ET Q q 0 0 0 rg BT 259.69 538.25 Td (Any failure by us to identify and anticipate changing needs, emer) Tj ET Q q 0 0 0 rg BT 520.81 538.25 Td (ging ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.25 Td (trends and new regulations could significantly harm our future market share and results of operations. Historically) Tj ET Q q 0 0 0 rg BT 508.39 526.25 Td (, our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.25 Td (approach to technology development, implementation and commercialization has focused on quickly taking technology to full-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.25 Td (scale testing, and enhancing it under actual power plant operating conditions. ) Tj ET Q q 0 0 0 rg BT 361.11 502.25 Td (W) Tj ET Q q 0 0 0 rg BT 369.75 502.25 Td (e continue to review and adjust methods to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.25 Td (deploy products, services and technologies to our customers. ) Tj ET Q q 0 0 0 rg BT 295.32 490.25 Td (W) Tj ET Q q 0 0 0 rg BT 303.96 490.25 Td (e may focus our resources on technologies, services or products ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.25 Td (that are not widely accepted or commercially viable, or on operational processes that that are not profitable even after ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.25 Td (significant up-front investment of our resources such as occurred with our previously disclosed decisions to shut down our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.25 Td (Israel and McKeesport, P) Tj ET Q q 0 0 0 rg BT 150.72 454.25 Td (A) Tj ET Q q 0 0 0 rg BT 157.39 454.25 Td ( investments. Our results are subject to risks related to our significant investments but if we are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.25 Td (unable to develop and scale up new technologies, products, and services to meet the needs of our customers, our financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.25 Td (results would be adversely af) Tj ET Q q 0 0 0 rg BT 166.45 430.25 Td (fected.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 406.25 Td (AN INJUR) Tj ET Q q 0 0 0 rg BT 97.15 406.25 Td (Y) Tj ET Q q 0 0 0 rg BT 104.00 406.25 Td ( ) Tj ET Q q 0 0 0 rg BT 106.32 406.25 Td (T) Tj ET Q q 0 0 0 rg BT 112.81 406.25 Td (O OR DEA) Tj ET Q q 0 0 0 rg BT 160.96 406.25 Td (TH OF) Tj ET Q q 0 0 0 rg BT 191.42 406.25 Td ( ONE OF) Tj ET Q q 0 0 0 rg BT 231.61 406.25 Td ( OUR EMPLOYEES COULD RESUL) Tj ET Q q 0 0 0 rg BT 395.16 406.25 Td (T) Tj ET Q q 0 0 0 rg BT 401.65 406.25 Td ( IN MA) Tj ET Q q 0 0 0 rg BT 433.68 406.25 Td (TERIAL) Tj ET Q q 0 0 0 rg BT 471.47 406.25 Td ( LIABILITIES ) Tj ET Q q 0 0 0 rg BT 537.99 406.25 Td (T) Tj ET Q q 0 0 0 rg BT 544.48 406.25 Td (O ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 394.25 Td (THE COMP) Tj ET Q q 0 0 0 rg BT 103.42 394.25 Td (ANY) Tj ET Q q 0 0 0 rg BT 124.17 394.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.25 Td (The industrial activities conducted at our and our customer) Tj ET Q q 0 0 0 rg BT 285.85 370.25 Td () Tj ET Q q 0 0 0 rg BT 288.63 370.25 Td (s facilities present significant risk of serious injury or death to our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.25 Td (employees, customers or visitors to our operations, notwithstanding our ef) Tj ET Q q 0 0 0 rg BT 346.71 358.25 Td (forts to comply with safety regulations. ) Tj ET Q q 0 0 0 rg BT 506.23 358.25 Td (W) Tj ET Q q 0 0 0 rg BT 514.86 358.25 Td (e may be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.25 Td (unable to avoid material liabilities for an injury or death, and our workers) Tj ET Q q 0 0 0 rg BT 346.67 346.25 Td ( compensation and other insurance policies may not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.25 Td (be adequate or may not continue to be available on terms acceptable to us, or at all, which could result in material liabilities to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.25 Td (us.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 298.25 Td (THE EFFECTS OF) Tj ET Q q 0 0 0 rg BT 134.64 298.25 Td ( PROVIDING ) Tj ET Q q 0 0 0 rg BT 197.80 298.25 Td (W) Tj ET Q q 0 0 0 rg BT 206.69 298.25 Td (ARRANTIES ) Tj ET Q q 0 0 0 rg BT 267.54 298.25 Td (AND PERFORMANCE GUARANTEES FOR EQUIPMENT) Tj ET Q q 0 0 0 rg BT 530.14 298.25 Td ( OR ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 286.25 Td (CCS PROVIDING P) Tj ET Q q 0 0 0 rg BT 138.71 286.25 Td (A) Tj ET Q q 0 0 0 rg BT 145.01 286.25 Td (YMENT) Tj ET Q q 0 0 0 rg BT 182.05 286.25 Td ( ) Tj ET Q q 0 0 0 rg BT 184.00 286.25 Td (AND PERFORMANCE GUARANTEES OF) Tj ET Q q 0 0 0 rg BT 375.02 286.25 Td ( ITS RC F) Tj ET Q q 0 0 0 rg BT 418.45 286.25 Td (ACILITIES ) Tj ET Q q 0 0 0 rg BT 472.09 286.25 Td (ARE LARGEL) Tj ET Q q 0 0 0 rg BT 537.02 286.25 Td (Y) Tj ET Q q 0 0 0 rg BT 543.87 286.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 274.25 Td (UNKNOWN ) Tj ET Q q 0 0 0 rg BT 106.39 274.25 Td (AND COULD ) Tj ET Q q 0 0 0 rg BT 168.62 274.25 Td (ADVERSEL) Tj ET Q q 0 0 0 rg BT 222.16 274.25 Td (Y) Tj ET Q q 0 0 0 rg BT 229.01 274.25 Td ( ) Tj ET Q q 0 0 0 rg BT 230.96 274.25 Td (AFFECT) Tj ET Q q 0 0 0 rg BT 270.78 274.25 Td ( OUR FINANCIAL) Tj ET Q q 0 0 0 rg BT 354.12 274.25 Td ( CONDITION. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.25 Td (Providing warranties that generally do not extend beyond 12 months from the installation date have been and will likely ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.25 Td (continue to be an integral part of successful sales of our products and services. Providing certain performance guarantees ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.25 Td (during a discrete performance testing period that generally do not extend beyond six months from the initial test date have been ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.25 Td (and will likely continue to be an integral part of successful sales of our products and services. Guarantees with respect to our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.25 Td (ACI and DSI systems typically require the equipment to meet stated injection rates of a specified or approved absorbent or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.25 Td (alkali material. In some cases, guarantees might require that emissions of certain pollutants \(such as mercury\) be reduced by a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.25 Td (specified amount if certain operating parameters of the generating facility) Tj ET Q q 0 0 0 rg BT 343.95 178.25 Td (, including the nature of the coal burned, are met. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.25 Td (Such guarantees generally require us to spend amounts up to the value of the sales contract to make right the performance of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.17 154.25 Td (ACI or DSI system if the guaranteed level of performance is not achieved. In 2014 and 2015, we provided certain customers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.25 Td (with stronger guarantees and remedies. ) Tj ET Q q 0 0 0 rg BT 208.28 142.25 Td (Although we believe compliance with these stronger guarantees and remedies is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.25 Td (probable, these stronger guarantees and remedies place us at greater risk and may also require us to delay revenue recognition ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.25 Td (on such contracts. In addition to guarantees on ) Tj ET Q q 0 0 0 rg BT 238.01 118.25 Td (ACI and DSI systems we sell, CCS indemnifies certain utilities and lessees of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.25 Td (RC facilities for particular risks associated with the operations of certain facilities. ) Tj ET Q q 0 0 0 rg BT 381.66 106.25 Td (W) Tj ET Q q 0 0 0 rg BT 390.29 106.25 Td (e have provided limited joint and several ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.25 Td (guarantees of CCS) Tj ET Q q 0 0 0 rg BT 127.76 94.25 Td (s obligations under those leases. ) Tj ET Q q 0 0 0 rg BT 258.30 94.25 Td (Any substantial payments made under such guarantees could have a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.25 Td (material adverse ef) Tj ET Q q 0 0 0 rg BT 125.88 82.25 Td (fect on our financial condition, results of operations and cash flows. ) Tj ET Q endstream endobj 51 0 obj <> endobj 52 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (22) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (MA) Tj ET Q q 0 0 0 rg BT 65.92 742.25 Td (TERIAL) Tj ET Q q 0 0 0 rg BT 103.71 742.25 Td ( ) Tj ET Q q 0 0 0 rg BT 105.66 742.25 Td (ADJUSTMENTS PURSUANT) Tj ET Q q 0 0 0 rg BT 236.88 742.25 Td ( ) Tj ET Q q 0 0 0 rg BT 239.20 742.25 Td (T) Tj ET Q q 0 0 0 rg BT 245.69 742.25 Td (O DEP) Tj ET Q q 0 0 0 rg BT 275.23 742.25 Td (AR) Tj ET Q q 0 0 0 rg BT 289.32 742.25 Td (TMENT) Tj ET Q q 0 0 0 rg BT 325.81 742.25 Td ( OF) Tj ET Q q 0 0 0 rg BT 341.83 742.25 Td ( ENERGY) Tj ET Q q 0 0 0 rg BT 386.74 742.25 Td ( \("DOE"\) ) Tj ET Q q 0 0 0 rg BT 430.62 742.25 Td (AUDITS OF) Tj ET Q q 0 0 0 rg BT 484.42 742.25 Td ( OUR P) Tj ET Q q 0 0 0 rg BT 517.01 742.25 Td (AST) Tj ET Q q 0 0 0 rg BT 536.28 742.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 730.25 Td (PERFORMANCE COULD HA) Tj ET Q q 0 0 0 rg BT 183.71 730.25 Td (VE ) Tj ET Q q 0 0 0 rg BT 199.55 730.25 Td (A) Tj ET Q q 0 0 0 rg BT 206.22 730.25 Td ( DETRIMENT) Tj ET Q q 0 0 0 rg BT 269.65 730.25 Td (AL) Tj ET Q q 0 0 0 rg BT 282.99 730.25 Td ( IMP) Tj ET Q q 0 0 0 rg BT 304.18 730.25 Td (ACT) Tj ET Q q 0 0 0 rg BT 325.12 730.25 Td ( ON OUR BUSINESS.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.25 Td (Certain of our completed and current contracts awarded by the DOE and related industry participants remain subject to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.25 Td (government audits. Our historical experience with these audits has not resulted in significant adverse adjustments to amounts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.25 Td (previously received; however audits for the years 2010 and later have not been finalized. If the results of future audits require ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.25 Td (us to repay material amounts, our results of operations and business would likely suf) Tj ET Q q 0 0 0 rg BT 388.09 670.25 Td (fer material adverse impacts. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 646.25 Td (CHANGES IN ) Tj ET Q q 0 0 0 rg BT 115.39 646.25 Td (T) Tj ET Q q 0 0 0 rg BT 121.31 646.25 Td (AXA) Tj ET Q q 0 0 0 rg BT 142.24 646.25 Td (TION RULES OR FINANCIAL) Tj ET Q q 0 0 0 rg BT 279.76 646.25 Td ( ) Tj ET Q q 0 0 0 rg BT 281.71 646.25 Td (ACCOUNTING ST) Tj ET Q q 0 0 0 rg BT 365.15 646.25 Td (ANDARDS COULD ) Tj ET Q q 0 0 0 rg BT 454.60 646.25 Td (ADVERSEL) Tj ET Q q 0 0 0 rg BT 508.14 646.25 Td (Y) Tj ET Q q 0 0 0 rg BT 514.99 646.25 Td ( ) Tj ET Q q 0 0 0 rg BT 516.94 646.25 Td (AFFECT) Tj ET Q q 0 0 0 rg BT 556.76 646.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 634.25 Td (OUR RESUL) Tj ET Q q 0 0 0 rg BT 107.15 634.25 Td (TS OF) Tj ET Q q 0 0 0 rg BT 135.40 634.25 Td ( OPERA) Tj ET Q q 0 0 0 rg BT 172.15 634.25 Td (TIONS OR FINANCIAL) Tj ET Q q 0 0 0 rg BT 279.39 634.25 Td ( CONDITION.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.25 Td (Changes in taxation rules and accounting pronouncements \(and changes in interpretations of accounting pronouncements\) have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.25 Td (occurred and may occur in the future. ) Tj ET Q q 0 0 0 rg BT 202.16 598.25 Td (A) Tj ET Q q 0 0 0 rg BT 208.83 598.25 Td ( change in existing taxation rules, particularly those related to IRC Section 45 tax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.25 Td (credits or the ability of taxpayers to benefit from tax credits or NOL) Tj ET Q q 0 0 0 rg BT 321.76 586.25 Td ( or accounting standards could have an adverse ef) Tj ET Q q 0 0 0 rg BT 520.39 586.25 Td (fect on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.25 Td (our reported or future results of operations or financial condition and could also impact our businesses that generate tax credits.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 550.25 Td (INFORMA) Tj ET Q q 0 0 0 rg BT 98.14 550.25 Td (TION ) Tj ET Q q 0 0 0 rg BT 126.02 550.25 Td (TECHNOLOGY) Tj ET Q q 0 0 0 rg BT 198.44 550.25 Td ( ) Tj ET Q q 0 0 0 rg BT 200.76 550.25 Td (VULNERABILITIES ) Tj ET Q q 0 0 0 rg BT 296.07 550.25 Td (AND CYBERA) Tj ET Q q 0 0 0 rg BT 361.72 550.25 Td (TT) Tj ET Q q 0 0 0 rg BT 374.32 550.25 Td (ACKS ON OUR NETWORKS COULD ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 538.25 Td (HA) Tj ET Q q 0 0 0 rg BT 63.71 538.25 Td (VE ) Tj ET Q q 0 0 0 rg BT 79.55 538.25 Td (A) Tj ET Q q 0 0 0 rg BT 86.22 538.25 Td ( MA) Tj ET Q q 0 0 0 rg BT 104.64 538.25 Td (TERIAL) Tj ET Q q 0 0 0 rg BT 142.43 538.25 Td ( ) Tj ET Q q 0 0 0 rg BT 144.38 538.25 Td (ADVERSE IMP) Tj ET Q q 0 0 0 rg BT 213.36 538.25 Td (ACT) Tj ET Q q 0 0 0 rg BT 234.30 538.25 Td ( ON OUR BUSINESS.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.25 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 514.25 Td (e rely upon information technology to manage and conduct business, both internally and with our customers, suppliers and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.25 Td (other third parties. Internet transactions involve the transmission and storage of data, including in certain instances customer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.25 Td (and supplier business information. ) Tj ET Q q 0 0 0 rg BT 190.08 490.25 Td (Thus, maintaining the security of computers and other electronic devices, computer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.25 Td (networks and data storage resources is a critical issue for us and our customers and suppliers, because security breaches could ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.25 Td (result in reduced or lost ability to carry on our business and loss of and/or unauthorized access to confidential information. ) Tj ET Q q 0 0 0 rg BT 542.19 466.25 Td (W) Tj ET Q q 0 0 0 rg BT 550.83 466.25 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.25 Td (have limited personnel and other resources to address information technology reliability and security of our computer networks ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.25 Td (and respond to known security incidents to minimize potential adverse impact. Experienced hackers, cybercriminals and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.25 Td (perpetrators of threats may be able to penetrate our network security and misappropriate or compromise our confidential ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.25 Td (information or that of third parties, create system disruptions or cause shutdowns. ) Tj ET Q q 0 0 0 rg BT 378.64 418.25 Td (These perpetrators of cyberattacks also may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.25 Td (be able to develop and deploy viruses, worms, malware and other malicious software programs that attack our information and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.25 Td (networks or otherwise exploit any security vulnerabilities of our information and networks. ) Tj ET Q q 0 0 0 rg BT 417.23 394.25 Td (T) Tj ET Q q 0 0 0 rg BT 422.64 394.25 Td (echniques used to obtain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.25 Td (unauthorized access to or sabotage systems change frequently and often are not recognized until long after being launched ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.25 Td (against a tar) Tj ET Q q 0 0 0 rg BT 98.13 370.25 Td (get so that we may be unable to anticipate these techniques or to implement adequate preventative measures. ) Tj ET Q q 0 0 0 rg BT 534.64 370.25 Td (A) Tj ET Q q 0 0 0 rg BT 541.31 370.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.25 Td (breach of our IT) Tj ET Q q 0 0 0 rg BT 115.06 358.25 Td ( systems and security measures as a result of third-party action, malware, employee error) Tj ET Q q 0 0 0 rg BT 470.37 358.25 Td (, malfeasance or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.25 Td (otherwise could materially adversely impact our business and results of operations and expose us to customer) Tj ET Q q 0 0 0 rg BT 487.54 346.25 Td (, supplier) Tj ET Q q 0 0 0 rg BT 524.36 346.25 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.25 Td (other third party liabilities.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 310.25 Td (WE HA) Tj ET Q q 0 0 0 rg BT 82.88 310.25 Td (VE MADE ) Tj ET Q q 0 0 0 rg BT 131.77 310.25 Td (AND MA) Tj ET Q q 0 0 0 rg BT 171.68 310.25 Td (Y) Tj ET Q q 0 0 0 rg BT 178.53 310.25 Td ( MAKE FUTURE ) Tj ET Q q 0 0 0 rg BT 257.70 310.25 Td (ACQUISITIONS OR FORM P) Tj ET Q q 0 0 0 rg BT 390.02 310.25 Td (AR) Tj ET Q q 0 0 0 rg BT 404.12 310.25 Td (TNERSHIPS ) Tj ET Q q 0 0 0 rg BT 462.75 310.25 Td (AND JOINT) Tj ET Q q 0 0 0 rg BT 517.29 310.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 298.25 Td (VENTURES ) Tj ET Q q 0 0 0 rg BT 106.78 298.25 Td (WHICH INV) Tj ET Q q 0 0 0 rg BT 164.08 298.25 Td (OL) Tj ET Q q 0 0 0 rg BT 177.61 298.25 Td (VE NUMEROUS RISKS ) Tj ET Q q 0 0 0 rg BT 287.17 298.25 Td (THA) Tj ET Q q 0 0 0 rg BT 308.10 298.25 Td (T) Tj ET Q q 0 0 0 rg BT 314.59 298.25 Td ( COULD IMP) Tj ET Q q 0 0 0 rg BT 374.40 298.25 Td (ACT) Tj ET Q q 0 0 0 rg BT 395.33 298.25 Td ( OUR FINANCIAL) Tj ET Q q 0 0 0 rg BT 478.67 298.25 Td ( CONDITION, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 286.25 Td (RESUL) Tj ET Q q 0 0 0 rg BT 82.43 286.25 Td (TS OF) Tj ET Q q 0 0 0 rg BT 110.67 286.25 Td ( OPERA) Tj ET Q q 0 0 0 rg BT 147.43 286.25 Td (TIONS ) Tj ET Q q 0 0 0 rg BT 180.50 286.25 Td (AND CASH FLOWS.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.25 Td (Our strategy may include expanding our scope of products and services or) Tj ET Q q 0 0 0 rg BT 346.67 262.25 Td (ganically or through selective acquisitions, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.25 Td (investments or creating partnerships and joint ventures. ) Tj ET Q q 0 0 0 rg BT 273.65 250.25 Td (W) Tj ET Q q 0 0 0 rg BT 282.29 250.25 Td (e have acquired, and may selectively acquire, other businesses, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.25 Td (product or service lines, assets or technologies that are complementary to our business. ) Tj ET Q q 0 0 0 rg BT 400.00 238.25 Td (W) Tj ET Q q 0 0 0 rg BT 408.64 238.25 Td (e may be unable to find or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.25 Td (consummate future acquisitions at acceptable prices and terms or we may be unable to integrate existing or future acquisitions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.25 Td (ef) Tj ET Q q 0 0 0 rg BT 57.59 214.25 Td (fectively and ef) Tj ET Q q 0 0 0 rg BT 119.59 214.25 Td (ficiently and may need to divest those acquisitions as we did with our acquired operations in Israel and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.25 Td (fabrication facility in McKeesport, P) Tj ET Q q 0 0 0 rg BT 195.98 202.25 Td (A. ) Tj ET Q q 0 0 0 rg BT 208.02 202.25 Td (W) Tj ET Q q 0 0 0 rg BT 216.66 202.25 Td (e continually evaluate potential acquisition opportunities in the ordinary course of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.25 Td (business. ) Tj ET Q q 0 0 0 rg BT 88.34 190.25 Td (Acquisitions involve numerous risks, including among others:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 178.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 178.25 Td (Integration dif) Tj ET Q q 0 0 0 rg BT 143.30 178.25 Td (ficulties including challenges and costs associated with implementing systems and processes to comply ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 166.25 Td (with requirements of being part of a publicly traded company;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 154.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 154.25 Td (diverting management) Tj ET Q q 0 0 0 rg BT 178.47 154.25 Td (s attention from normal daily operations of the business;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 142.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 142.25 Td (entering markets in which we have no or limited direct prior experience and where competitors in such markets have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 130.25 Td (stronger market positions;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 118.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 118.25 Td (unanticipated costs and exposure to undisclosed or unforeseen liabilities or operating challenges;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 106.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 106.25 Td (potential loss of key employees and customers of the acquired businesses, product or service lines, assets or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 94.25 Td (technologies;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 82.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 82.25 Td (our ability to properly establish and maintain ef) Tj ET Q q 0 0 0 rg BT 276.05 82.25 Td (fective internal controls over an acquired company; and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 70.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 70.25 Td (increasing demands on our operational and information technology systems.) Tj ET Q endstream endobj 53 0 obj <> endobj 54 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (23) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (Although we conduct what we believe to be a prudent level of investigation regarding the operating and financial condition of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (acquisitions we have made, an unavoidable level of risk remains regarding their actual operating and financial condition. Until ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (we actually assume operating control of these acquisitions, we may not be able to ascertain their actual value, costs or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (exposures to liabilities. ) Tj ET Q q 0 0 0 rg BT 144.80 706.10 Td (This is particularly true with respect to acquisitions outside the United States.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (In addition, acquisitions of businesses may require additional debt or equity financing, resulting in additional leverage or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (dilution of ownership. Our loan agreements contains certain covenants that limit, or that may have the ef) Tj ET Q q 0 0 0 rg BT 468.03 670.10 Td (fect of limiting, among ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (other things acquisitions, capital expenditures, the sale of assets and incurrence of additional indebtedness.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (CUST) Tj ET Q q 0 0 0 rg BT 76.49 634.10 Td (OMERS MA) Tj ET Q q 0 0 0 rg BT 131.41 634.10 Td (Y) Tj ET Q q 0 0 0 rg BT 138.26 634.10 Td ( CANCEL) Tj ET Q q 0 0 0 rg BT 182.43 634.10 Td ( OR DELA) Tj ET Q q 0 0 0 rg BT 229.30 634.10 Td (Y) Tj ET Q q 0 0 0 rg BT 236.15 634.10 Td ( PROJECTS ) Tj ET Q q 0 0 0 rg BT 292.83 634.10 Td (AND OUR BACKLOG MA) Tj ET Q q 0 0 0 rg BT 411.07 634.10 Td (Y) Tj ET Q q 0 0 0 rg BT 417.92 634.10 Td ( NOT) Tj ET Q q 0 0 0 rg BT 441.91 634.10 Td ( BE INDICA) Tj ET Q q 0 0 0 rg BT 496.18 634.10 Td (TIVE OF) Tj ET Q q 0 0 0 rg BT 536.65 634.10 Td ( OUR ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (FUTURE REVENUE.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (Customers may cancel or delay projects for reasons beyond our control. 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Prepayments will, subject to certain exceptions, be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (required to be paid with a prepayment premium of 4% except in the case of a change of control, in which case the prepayment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (premium is 1%. Events of default include if the Company fails to file all periodic reports with the SEC by ) Tj ET Q q 0 0 0 rg BT 475.19 406.10 Td (April 20, 2016 and if ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (CCS fails to lease or sell two new refined coal facilities by June 30, 2016. Despite the Company's best ef) Tj ET Q q 0 0 0 rg BT 469.03 394.10 Td (forts, CCS' ability to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (lease or sell refined coal facilities is dependent on factors beyond our control. If we are unable to refinance or extend the loan ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (or engage in other transactions to generate the necessary cash flow to pay our loan at maturity or due to a mandatory ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (prepayment event, we may not have suf) Tj ET Q q 0 0 0 rg BT 208.93 358.10 Td (ficient funds to pay such indebtedness, including prepayment penalties, and our lenders ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td (would be entitled to proceed against the collateral securing the indebtedness, which includes substantially all of our assets, to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (the extent permitted by the short term loan agreement and applicable law) Tj ET Q q 0 0 0 rg BT 341.19 334.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (WE ) Tj ET Q q 0 0 0 rg BT 68.62 310.10 Td (ARE EXPOSED ) Tj ET Q q 0 0 0 rg BT 141.78 310.10 Td (T) Tj ET Q q 0 0 0 rg BT 148.27 310.10 Td (O RISKS RELA) Tj ET Q q 0 0 0 rg BT 218.11 310.10 Td (TING ) Tj ET Q q 0 0 0 rg BT 245.99 310.10 Td (T) Tj ET Q q 0 0 0 rg BT 252.48 310.10 Td (O EV) Tj ET Q q 0 0 0 rg BT 275.36 310.10 Td (ALUA) Tj ET Q q 0 0 0 rg BT 302.95 310.10 Td (TIONS OF) Tj ET Q q 0 0 0 rg BT 350.09 310.10 Td ( OUR INTERNAL) Tj ET Q q 0 0 0 rg BT 429.55 310.10 Td ( CONTROL) Tj ET Q q 0 0 0 rg BT 482.06 310.10 Td ( OVER ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (FINANCIAL) Tj ET Q q 0 0 0 rg BT 106.12 298.10 Td ( REPOR) Tj ET Q q 0 0 0 rg BT 143.27 298.10 Td (TING REQUIRED BY) Tj ET Q q 0 0 0 rg BT 241.25 298.10 Td ( SECTION 404 OF) Tj ET Q q 0 0 0 rg BT 322.28 298.10 Td ( ) Tj ET Q q 0 0 0 rg BT 324.59 298.10 Td (THE SARBANES-OXLEY) Tj ET Q q 0 0 0 rg BT 440.08 298.10 Td ( ) Tj ET Q q 0 0 0 rg BT 442.03 298.10 Td (ACT) Tj ET Q q 0 0 0 rg BT 462.96 298.10 Td ( OF) Tj ET Q q 0 0 0 rg BT 478.98 298.10 Td ( 2002, ) Tj ET Q q 0 0 0 rg BT 506.30 298.10 Td (THE ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (MA) Tj ET Q q 0 0 0 rg BT 65.92 286.10 Td (TERIAL) Tj ET Q q 0 0 0 rg BT 103.71 286.10 Td ( ) Tj ET Q q 0 0 0 rg BT 106.03 286.10 Td (WEAKNESSES IDENTIFIED PURSUANT) Tj ET Q q 0 0 0 rg BT 293.67 286.10 Td ( ) Tj ET Q q 0 0 0 rg BT 295.99 286.10 Td (T) Tj ET Q q 0 0 0 rg BT 302.48 286.10 Td (O SUCH EV) Tj ET Q q 0 0 0 rg BT 355.64 286.10 Td (ALUA) Tj ET Q q 0 0 0 rg BT 383.24 286.10 Td (TIONS ) Tj ET Q q 0 0 0 rg BT 416.31 286.10 Td (AND ) Tj ET Q q 0 0 0 rg BT 440.29 286.10 Td (THE REMEDIA) Tj ET Q q 0 0 0 rg BT 511.50 286.10 Td (TION OF) Tj ET Q q 0 0 0 rg BT 553.08 286.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (SUCH MA) Tj ET Q q 0 0 0 rg BT 96.20 274.10 Td (TERIAL) Tj ET Q q 0 0 0 rg BT 133.99 274.10 Td ( ) Tj ET Q q 0 0 0 rg BT 136.31 274.10 Td (WEAKNESSES.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 250.10 Td (e are required to comply with Section404 of the Sarbanes-Oxley ) Tj ET Q q 0 0 0 rg BT 320.51 250.10 Td (Act of 2002. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (On February 29, 2016 the Company filed its ) Tj ET Q q 0 0 0 rg BT 229.15 226.10 Td (Annual Report on Form 10-K for the fiscal year ended December 31, 2014 \(the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td ("2014 Form 10-K"\) which included the restatement of selected financial data for the years ended December 31, 2010 and 201) Tj ET Q q 0 0 0 rg BT 552.07 214.10 Td (1 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (and 2012, its consolidated financial statements for the year ended December 31, 2012, and the unaudited quarterly financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.10 Td (information for the quarterly periods ended March 31, 2013, June 30, 2013, and September 30, 2013 \(collectively) Tj ET Q q 0 0 0 rg BT 503.96 190.10 Td (, the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td ("Restatement"\). Management determined that the issues leading to the restatements arose because of material weaknesses in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.10 Td (Company) Tj ET Q q 0 0 0 rg BT 91.67 166.10 Td (s internal control over financial reporting discussed in further detail in Item 9A) Tj ET Q q 0 0 0 rg BT 407.13 166.10 Td ( to this Form 10-K. ) Tj ET Q q 0 0 0 rg BT 486.03 166.10 Td (A) Tj ET Q q 0 0 0 rg BT 492.70 166.10 Td ( material ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.10 Td (weakness is a control deficiency) Tj ET Q q 0 0 0 rg BT 183.18 154.10 Td (, or combination of significant deficiencies, that results in more than a remote likelihood that a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.10 Td (material misstatement of the annual or interim financial statements will not be prevented or detected. Management has taken ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.10 Td (steps to remediate the material weaknesses that it identified, but as of the date of this filing, the remediation of these material ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.10 Td (weaknesses is ongoing.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.10 Td (Failure to comply with Section404, identify further material weaknesses, if any) Tj ET Q q 0 0 0 rg BT 368.99 94.10 Td (, or remediate current material weaknesses may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.10 Td (cause our financial statements to be inaccurate, investors to lose confidence in our financial statements, and our stock price to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 70.10 Td (be adversely af) Tj ET Q q 0 0 0 rg BT 110.34 70.10 Td (fected. In addition, we may be subject to additional stockholder litigation, additional increases in insurance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 58.10 Td (costs, and more limited access to the capital markets, and our stock price may be adversely af) Tj ET Q q 0 0 0 rg BT 423.57 58.10 Td (fected.) 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(our ef) Tj ET Q q 0 0 0 rg BT 73.42 646.25 Td (forts to cooperate with the SEC Inquiry) Tj ET Q q 0 0 0 rg BT 230.51 646.25 Td (, as defined and described under Item 3 of this Form 10-K. Our Board of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.25 Td (Directors, ) Tj ET Q q 0 0 0 rg BT 91.66 634.25 Td (Audit Committee and members of management have devoted and expect to continue to devote substantial internal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.25 Td (and external resources to investigation and cooperation with the SEC Inquiry and remediation ef) Tj ET Q q 0 0 0 rg BT 435.54 622.25 Td (forts. ) Tj ET Q q 0 0 0 rg BT 458.32 622.25 Td (As a result of these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.25 Td (ef) Tj ET Q q 0 0 0 rg BT 57.59 610.25 Td (forts, we have incurred and expect that we will continue to incur significant incremental fees and expenses for additional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.25 Td (auditor services, financial and other consulting services and legal services, as well as the implementation and maintenance of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.25 Td (systems and processes that will need to be updated, supplemented or replaced. ) Tj ET Q q 0 0 0 rg BT 365.28 586.25 Td (These expenses, as well as the substantial time ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.25 Td (devoted by our Board and management towards identifying, addressing and remediating any internal weaknesses and legal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.25 Td (costs related to investigation and related litigation, claims and other actions related to the Restatement, have had and could ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.25 Td (continue to have a material adverse ef) Tj ET Q q 0 0 0 rg BT 201.41 550.25 Td (fect on our business, results of operations and financial condition. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 526.25 Td (WE ) Tj ET Q q 0 0 0 rg BT 68.62 526.25 Td (ARE ) Tj ET Q q 0 0 0 rg BT 92.05 526.25 Td (THE SUBJECT) Tj ET Q q 0 0 0 rg BT 160.50 526.25 Td ( OF) Tj ET Q q 0 0 0 rg BT 176.52 526.25 Td ( ) Tj ET Q q 0 0 0 rg BT 178.47 526.25 Td (AN ONGOING SEC INVESTIGA) Tj ET Q q 0 0 0 rg BT 324.70 526.25 Td (TION, ) Tj ET Q q 0 0 0 rg BT 355.08 526.25 Td (WHICH HAS DIVER) Tj ET Q q 0 0 0 rg BT 449.18 526.25 Td (TED ) Tj ET Q q 0 0 0 rg BT 471.69 526.25 Td (AND COULD ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 514.25 Td (CONTINUE ) Tj ET Q q 0 0 0 rg BT 106.22 514.25 Td (T) Tj ET Q q 0 0 0 rg BT 112.71 514.25 Td (O DIVER) Tj ET Q q 0 0 0 rg BT 154.86 514.25 Td (T) Tj ET Q q 0 0 0 rg BT 161.35 514.25 Td ( MANAGEMENTS FOCUS, RESUL) Tj ET Q q 0 0 0 rg BT 322.11 514.25 Td (T) Tj ET Q q 0 0 0 rg BT 328.60 514.25 Td ( IN SUBST) Tj ET Q q 0 0 0 rg BT 375.65 514.25 Td (ANTIAL) Tj ET Q q 0 0 0 rg BT 414.00 514.25 Td ( INVESTIGA) Tj ET Q q 0 0 0 rg BT 471.88 514.25 Td (TION EXPENSES ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 502.25 Td (AND HA) Tj ET Q q 0 0 0 rg BT 87.88 502.25 Td (VE ) Tj ET Q q 0 0 0 rg BT 103.72 502.25 Td (AN ) Tj ET Q q 0 0 0 rg BT 120.11 502.25 Td (ADVERSE IMP) Tj ET Q q 0 0 0 rg BT 189.09 502.25 Td (ACT) Tj ET Q q 0 0 0 rg BT 210.02 502.25 Td ( ON OUR REPUT) Tj ET Q q 0 0 0 rg BT 287.90 502.25 Td (A) Tj ET Q q 0 0 0 rg BT 294.38 502.25 Td (TION, FINANCIAL) Tj ET Q q 0 0 0 rg BT 381.05 502.25 Td ( CONDITION ) Tj ET Q q 0 0 0 rg BT 444.40 502.25 Td (AND RESUL) Tj ET Q q 0 0 0 rg BT 500.99 502.25 Td (TS OF) Tj ET Q q 0 0 0 rg BT 529.24 502.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 490.25 Td (OPERA) Tj ET Q q 0 0 0 rg BT 84.26 490.25 Td (TIONS) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.12941176470588237 0.12941176470588237 0.12941176470588237 rg BT 115.38 490.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 50.00 466.25 Td (As a result of filing a 2014 Form 10-K and not filing a 2013 Form 10-K, the Restatement of our financial results for the years ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.25 Td (ended December 31, 201) Tj ET Q q 0 0 0 rg BT 149.59 454.25 Td (1 to 2012 and the first three quarters of 2013, and the untimely filing of our ) Tj ET Q q 0 0 0 rg BT 453.13 454.25 Td (Annual and Quarterly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.25 Td (Reports on Form 10-K and Forms 10-Q for the fiscal year ended December 31, 2015, current and prospective investors will be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.25 Td (unable to review certain financial and informational disclosures that would have been contained in the full periodic reports and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.25 Td (did not receive information in a timely fashion. Such reporting deficiencies may be considered by the SEC when assessing the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.25 Td (Company) Tj ET Q q 0 0 0 rg BT 91.67 406.25 Td (s compliance with federal securities laws as part of the SEC Inquiry) Tj ET Q q 0 0 0 rg BT 362.32 406.25 Td (, described under Item 3 of this Form 10-K. ) Tj ET Q q 0 0 0 rg BT 539.05 406.25 Td (W) Tj ET Q q 0 0 0 rg BT 547.69 406.25 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.25 Td (continue to cooperate with the SEC and have incurred significant legal and accounting expenditures in connection with our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.25 Td (internal investigation ef) Tj ET Q q 0 0 0 rg BT 144.79 382.25 Td (forts and response to the SEC Inquiry) Tj ET Q q 0 0 0 rg BT 294.67 382.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.25 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 358.25 Td (e are unable to predict how long the SEC Inquiry will continue or whether) Tj ET Q q 0 0 0 rg BT 355.10 358.25 Td (, at the conclusion of its investigation, the SEC will ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.25 Td (seek to impose fines or take other actions against us. ) Tj ET Q q 0 0 0 rg BT 261.89 346.25 Td (Any action by the SEC could result in sanctions against us and/or certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.25 Td (of our current and former of) Tj ET Q q 0 0 0 rg BT 162.27 334.25 Td (ficers and directors. ) Tj ET Q q 0 0 0 rg BT 243.35 334.25 Td (A) Tj ET Q q 0 0 0 rg BT 250.02 334.25 Td ( protracted investigation could impose substantial additional costs and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.25 Td (distractions, regardless of its outcome. Furthermore, publicity surrounding the foregoing or any enforcement action as a result ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.25 Td (of the SEC) Tj ET Q q 0 0 0 rg BT 96.67 310.25 Td (s investigation, even if ultimately resolved favorably for us, could have an adverse impact on our reputation, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.25 Td (business, financial condition, results of operations and cash flows.) 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Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.25 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 226.25 Td (e are required to comply with Section 13 of the Securities Exchange ) Tj ET Q q 0 0 0 rg BT 333.00 226.25 Td (Act of 1934. Beginning December 31, 2013 through ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.25 Td (September 30, 2015, we did not file ) Tj ET Q q 0 0 0 rg BT 195.53 214.25 Td (Annual and Quarterly Reports on Form 10Ks and Form 10-Qs. Because we have not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.25 Td (remained current in our reporting requirements with the SEC, we are limited in our ability to access the public markets to raise ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.25 Td (debt or equity capital. Our limited ability to access the public markets could prevent us from implementing business strategies ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.25 Td (that we may otherwise believe are beneficial to our business. Until one year after the date we maintain compliance with our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.25 Td (SEC reporting obligations, we will be ineligible to use shorter and less costly filings, such as Form S-3, to register our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.25 Td (securities for sale. ) Tj ET Q q 0 0 0 rg BT 124.79 154.25 Td (W) Tj ET Q q 0 0 0 rg BT 133.43 154.25 Td (e may use Form S-1 to register a sale of our stock to raise capital, but doing so would likely increase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.25 Td (transaction costs and adversely af) Tj ET Q q 0 0 0 rg BT 184.21 142.25 Td (fect our ability to raise capital in a timely manner) Tj ET Q q 0 0 0 rg BT 381.09 142.25 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 118.25 Td (OUR ) Tj ET Q q 0 0 0 rg BT 74.17 118.25 Td (ACCESS ) Tj ET Q q 0 0 0 rg BT 115.95 118.25 Td (T) Tj ET Q q 0 0 0 rg BT 122.44 118.25 Td (O CAPIT) Tj ET Q q 0 0 0 rg BT 163.09 118.25 Td (AL) Tj ET Q q 0 0 0 rg BT 176.43 118.25 Td ( ) Tj ET Q q 0 0 0 rg BT 178.37 118.25 Td (AND LIQUIDITY) Tj ET Q q 0 0 0 rg BT 256.63 118.25 Td ( MA) Tj ET Q q 0 0 0 rg BT 274.87 118.25 Td (Y) Tj ET Q q 0 0 0 rg BT 281.72 118.25 Td ( CONTINUE ) Tj ET Q q 0 0 0 rg BT 340.43 118.25 Td (T) Tj ET Q q 0 0 0 rg BT 346.92 118.25 Td (O BE IMP) Tj ET Q q 0 0 0 rg BT 391.74 118.25 Td (ACTED. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.25 Td (If we do not receive suf) Tj ET Q q 0 0 0 rg BT 144.50 94.25 Td (ficient royalty payments or distributions from CCS to repay the obligations of our short-term loan ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.25 Td (agreement while maintaining suf) Tj ET Q q 0 0 0 rg BT 181.17 82.25 Td (ficient liquidity to meet our operating requirements, we may need to extend or refinance the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 70.25 Td (short-term loan or seek alternative sources of capital, under less favorable terms and conditions which could have a material ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 58.25 Td (adverse ef) Tj ET Q q 0 0 0 rg BT 90.63 58.25 Td (fect on our business, results of operations and financial condition.) 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Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 700.25 Td (The market price of our common stock fluctuates significantly) Tj ET Q q 0 0 0 rg BT 299.27 700.25 Td (. ) Tj ET Q q 0 0 0 rg BT 304.09 700.25 Td (The market price of our common stock may be af) Tj ET Q q 0 0 0 rg BT 501.89 700.25 Td (fected by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 688.25 Td (numerous factors, including:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 658.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 658.25 Td (Actual or anticipated fluctuations in our operating results and financial condition; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 646.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 646.25 Td (Changes in laws or regulations and court rulings and trends in our industry; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 634.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 634.25 Td (CCS) Tj ET Q q 0 0 0 rg BT 120.68 634.25 Td (s ability to lease or sell RC facilities;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 622.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 622.25 Td (Announcements of sales awards; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 610.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 610.25 Td (Changes in supply and demand of components and materials; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 598.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 598.25 Td (Adoption of new tax or accounting standards af) Tj ET Q q 0 0 0 rg BT 289.04 598.25 Td (fecting our industry; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 586.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 586.25 Td (Changes in financial estimates by securities analysts; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 574.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 574.25 Td (Perceptions of the value of corporate transactions; and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 562.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 562.25 Td (The degree of trading liquidity in our common stock and general market conditions. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.25 Td (From December 31, 2012 to December 31, 2015, the closing price of our common stock ranged from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.11 538.25 Td ($3.70) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.61 538.25 Td ( to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.39 538.25 Td ($29.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.89 538.25 Td (per share ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.25 Td (\(retroactively restated to reflect the two-for) Tj ET Q q 0 0 0 rg BT 222.77 526.25 Td (-one stock split of our common stock, which was ef) Tj ET Q q 0 0 0 rg BT 429.21 526.25 Td (fected in the form of a common ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.25 Td (stock dividend distributed on March 14, 2014\). Significant declines in the price of our common stock could impede our ability ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.25 Td (to obtain additional capital, attract and retain qualified employees and reduce the liquidity of our common stock.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.25 Td (In addition, the stock market has from time to time experienced significant price and volume fluctuations that have particularly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.25 Td (af) Tj ET Q q 0 0 0 rg BT 57.59 466.25 Td (fected the market prices for the common stock of similarly staged companies. ) Tj ET Q q 0 0 0 rg BT 370.36 466.25 Td (These broad market fluctuations may adversely ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.25 Td (af) Tj ET Q q 0 0 0 rg BT 57.59 454.25 Td (fect the market price of our common stock. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 430.25 Td (DELISTING OF) Tj ET Q q 0 0 0 rg BT 121.59 430.25 Td ( OUR COMMON ST) Tj ET Q q 0 0 0 rg BT 212.24 430.25 Td (OCK ON NASDAQ ) Tj ET Q q 0 0 0 rg BT 299.19 430.25 Td (AND QUOT) Tj ET Q q 0 0 0 rg BT 352.07 430.25 Td (A) Tj ET Q q 0 0 0 rg BT 358.54 430.25 Td (TION ON ) Tj ET Q q 0 0 0 rg BT 403.93 430.25 Td (THE OTC BULLETIN BOARD ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 418.25 Td (MA) Tj ET Q q 0 0 0 rg BT 65.74 418.25 Td (Y) Tj ET Q q 0 0 0 rg BT 72.59 418.25 Td ( CONTINUE ) Tj ET Q q 0 0 0 rg BT 131.31 418.25 Td (T) Tj ET Q q 0 0 0 rg BT 137.80 418.25 Td (O DECREASE ) Tj ET Q q 0 0 0 rg BT 204.85 418.25 Td (THE ) Tj ET Q q 0 0 0 rg BT 228.29 418.25 Td (V) Tj ET Q q 0 0 0 rg BT 234.22 418.25 Td (ALUE OF) Tj ET Q q 0 0 0 rg BT 278.02 418.25 Td ( OUR COMMON ST) Tj ET Q q 0 0 0 rg BT 368.67 418.25 Td (OCK ) Tj ET Q q 0 0 0 rg BT 393.40 418.25 Td (AND PREVENT) Tj ET Q q 0 0 0 rg BT 465.17 418.25 Td ( CER) Tj ET Q q 0 0 0 rg BT 488.43 418.25 Td (T) Tj ET Q q 0 0 0 rg BT 494.36 418.25 Td (AIN ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 406.25 Td (INVEST) Tj ET Q q 0 0 0 rg BT 87.06 406.25 Td (ORS FROM INVESTING OR ) Tj ET Q q 0 0 0 rg BT 218.74 406.25 Td (ACHIEVING ) Tj ET Q q 0 0 0 rg BT 279.58 406.25 Td (A) Tj ET Q q 0 0 0 rg BT 286.25 406.25 Td ( MEANINGFUL) Tj ET Q q 0 0 0 rg BT 357.65 406.25 Td ( DEGREE OF) Tj ET Q q 0 0 0 rg BT 418.39 406.25 Td ( LIQUIDITY) Tj ET Q q 0 0 0 rg BT 474.43 406.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.25 Td (On January 30, 2015, we received notification from the NASDAQ Capital Market informing us of their decision to suspend the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.25 Td (trading of our common stock on the NASDAQ on February 3, 2015. Our common stock was finally delisted on March 30, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.25 Td (2015. ) Tj ET Q q 0 0 0 rg BT 74.72 358.25 Td (As a result, our common stock is now quoted on the Over) Tj ET Q q 0 0 0 rg BT 549.19 358.25 Td ( the-Counter Bulletin Board \("OTCBB"\) or the pink sheets ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.25 Td (traded under the symbol ADES. Based upon the fact that our common stock is no longer registered for trading on a national ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.25 Td (automated quotation system, and the value of the common stock held has decreased in value, there may be investment loss for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.25 Td (stockholders or certain stockholders may no longer be permitted to invest in our common stock. ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 436.03 322.25 Td (Bid quotations on the OTCBB ) Tj ET Q BT /F1 10.00 Tf ET q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 50.00 310.25 Td (can be sporadic and may not provide any meaningful liquidity to investors. ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 351.88 310.25 Td (An investor may find it dif) Tj ET Q q 0 0 0 rg BT 458.63 310.25 Td (ficult to dispose of shares ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.25 Td (or obtain accurate quotations as to the market value of the common stock. ) Tj ET Q q 0 0 0 rg BT 347.13 298.25 Td (As a result of these limitations, our common stock ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.25 Td (has fewer market makers, lower trading volumes and lar) Tj ET Q q 0 0 0 rg BT 275.01 286.25 Td (ger spreads between bid and asked prices than securities listed on a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.25 Td (national stock exchange or automated quotation system would typically have. ) Tj ET Q q 0 0 0 rg BT 362.79 274.25 Td (These factors may result in higher price volatility ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.25 Td (and less market liquidity for our common stock. ) Tj ET Q q 0 0 0 rg BT 244.51 262.25 Td (W) Tj ET Q q 0 0 0 rg BT 253.14 262.25 Td (e cannot assure you that our common stock will be listed on a national ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.25 Td (exchange such as the NASDAQ Stock Market, the New ) Tj ET Q q 0 0 0 rg BT 275.68 250.25 Td (Y) Tj ET Q q 0 0 0 rg BT 281.90 250.25 Td (ork Stock Exchange, or another securities exchange once we become ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.25 Td (current in our filing obligations with the SEC. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 214.25 Td (OUR CER) Tj ET Q q 0 0 0 rg BT 95.48 214.25 Td (TIFICA) Tj ET Q q 0 0 0 rg BT 129.75 214.25 Td (TE OF) Tj ET Q q 0 0 0 rg BT 159.10 214.25 Td ( INCORPORA) Tj ET Q q 0 0 0 rg BT 222.52 214.25 Td (TION ) Tj ET Q q 0 0 0 rg BT 250.03 214.25 Td (AND BYLA) Tj ET Q q 0 0 0 rg BT 300.87 214.25 Td (WS CONT) Tj ET Q q 0 0 0 rg BT 347.08 214.25 Td (AIN PROVISIONS ) Tj ET Q q 0 0 0 rg BT 432.48 214.25 Td (THA) Tj ET Q q 0 0 0 rg BT 453.40 214.25 Td (T) Tj ET Q q 0 0 0 rg BT 459.89 214.25 Td ( MA) Tj ET Q q 0 0 0 rg BT 478.13 214.25 Td (Y) Tj ET Q q 0 0 0 rg BT 484.99 214.25 Td ( DELA) Tj ET Q q 0 0 0 rg BT 514.35 214.25 Td (Y) Tj ET Q q 0 0 0 rg BT 521.20 214.25 Td ( OR ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 202.25 Td (PREVENT) Tj ET Q q 0 0 0 rg BT 97.60 202.25 Td ( ) Tj ET Q q 0 0 0 rg BT 99.55 202.25 Td (AN OTHER) Tj ET Q q 0 0 0 rg BT 152.26 202.25 Td (WISE BENEFICIAL) Tj ET Q q 0 0 0 rg BT 242.57 202.25 Td ( ) Tj ET Q q 0 0 0 rg BT 244.89 202.25 Td (T) Tj ET Q q 0 0 0 rg BT 250.82 202.25 Td (AKEOVER ) Tj ET Q q 0 0 0 rg BT 303.33 202.25 Td (A) Tj ET Q q 0 0 0 rg BT 309.80 202.25 Td (TTEMPT) Tj ET Q q 0 0 0 rg BT 351.85 202.25 Td ( OF) Tj ET Q q 0 0 0 rg BT 367.87 202.25 Td ( OUR COMP) Tj ET Q q 0 0 0 rg BT 424.89 202.25 Td (ANY) Tj ET Q q 0 0 0 rg BT 445.64 202.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.25 Td (Certain provisions of our certificate of incorporation and bylaws could make it more dif) Tj ET Q q 0 0 0 rg BT 401.10 178.25 Td (ficult for a third party to acquire us, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.25 Td (even if doing so would be beneficial to our stockholders. ) Tj ET Q q 0 0 0 rg BT 279.49 166.25 Td (These include provisions that:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 142.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 142.25 Td (Limit the business at special meetings to the purpose stated in the notice of the meeting; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 130.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 130.25 Td (Authorize the issuance of blank check preferred stock, which is preferred stock with voting or other rights or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 118.25 Td (preferences that could impede a takeover attempt and that the board of directors can create and issue without prior ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 106.25 Td (stockholder approval; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 94.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 94.25 Td (Establish advance notice requirements for submitting nominations for election to the board of directors and for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 82.25 Td (proposing matters that can be acted upon by stockholders at a meeting; and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 70.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 70.25 Td (Require the af) Tj ET Q q 0 0 0 rg BT 155.46 70.25 Td (firmative vote of the disinterested holders of a majority of our common stock to approve certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 58.25 Td (business combinations involving an interested stockholder or its af) Tj ET Q q 0 0 0 rg BT 374.32 58.25 Td (filiates, unless either minimum price criteria ) Tj ET Q endstream endobj 59 0 obj <> endobj 60 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (26) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 742.10 Td (or procedural requirements are met, or the transaction is approved by a majority of our continuing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 730.10 Td (directors \(known as fair price provisions\). ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (These provisions, alone or in combination with each other) Tj ET Q q 0 0 0 rg BT 282.04 706.10 Td (, may discourage transactions involving actual or potential changes of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (control, including transactions that otherwise could involve payment of a premium over prevailing market prices to holders of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (our common stock, or could limit the ability of our stockholders to approve transactions that they may deem to be in their best ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (interest. On February 1, 2015, we ef) Tj ET Q q 0 0 0 rg BT 194.50 670.10 Td (fected a stockholder rights plan that expired on February 1, 2016, as discussed in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.53 670.10 Td (Note 12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.47 670.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (of the Consolidated Financial Statements in this Form 10-K.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 632.10 Td (Item1B. Unr) Tj ET Q q 0 0 0 rg BT 106.20 632.10 Td (esolved Staff Comments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 615.10 Td (None.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 589.10 Td (Item2. Pr) Tj ET Q q 0 0 0 rg BT 92.86 589.10 Td (operties) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 565.10 Td (Of) Tj ET Q q 0 0 0 rg BT 60.37 565.10 Td (fice and ) Tj ET Q q 0 0 0 rg BT 95.74 565.10 Td (W) Tj ET Q q 0 0 0 rg BT 103.89 565.10 Td (arehouse Leases) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 544.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.44 544.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.03 544.10 Td (, we leased of) Tj ET Q q 0 0 0 rg BT 207.82 544.10 Td (fice, warehouse and laboratory space in Highlands Ranch, Colorado for a total of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 532.10 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.26 532.10 Td (258,719) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.76 532.10 Td ( square feet under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 216.61 532.10 Td (five) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 232.16 532.10 Td ( leases. Original lease terms ranged from three to seven years. Certain of these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 520.10 Td (leases have options permitting renewals for additional periods. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 499.10 Td (The Company) Tj ET Q q 0 0 0 rg BT 109.71 499.10 Td (s lease of approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.68 499.10 Td (37,102) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.18 499.10 Td ( square feet of of) Tj ET Q q 0 0 0 rg BT 304.74 499.10 Td (fice space in Highlands Ranch, Colorado was entered into in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 487.10 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 487.10 Td ( and expires in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 131.09 487.10 Td (February 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.69 487.10 Td ( with the option to renew for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.61 487.10 Td (two) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.61 487.10 Td ( additional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.60 487.10 Td (five) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.15 487.10 Td (-year periods. ) Tj ET Q q 0 0 0 rg BT 439.44 487.10 Td (The lease included an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 475.10 Td (abatement of base rent and operating expenses for the first ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.02 475.10 Td (six) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.69 475.10 Td ( months and abatement of base rent for an additional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.40 475.10 Td (thirteen) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.94 475.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 463.10 Td (months. ) Tj ET Q q 0 0 0 rg BT 84.27 463.10 Td (The lease also included a one-time tenant improvement allowance in an amount up to approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.86 463.10 Td ($0.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.75 463.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 451.10 Td (Leasehold improvements are being amortized over the base term of the lease.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (The Company's lease of approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 208.70 430.10 Td (15,035) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.20 430.10 Td ( square feet of warehouse space in Highlands Ranch, Colorado was entered into ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.28 418.10 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.28 418.10 Td ( and expires in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.37 418.10 Td (February 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 199.97 418.10 Td ( with the option to renew for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.89 418.10 Td (two) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.89 418.10 Td ( additional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.88 418.10 Td (five) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.43 418.10 Td (-year periods. ) Tj ET Q q 0 0 0 rg BT 449.72 418.10 Td (The lease also included a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (one-time tenant improvement allowance in an amount up to approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.58 406.10 Td ($0.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.47 406.10 Td (. Leasehold improvements are being ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (amortized over the base term of the lease. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (The Company's lease of approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 208.70 370.10 Td (138,187) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.20 370.10 Td ( square feet of of) Tj ET Q q 0 0 0 rg BT 308.76 370.10 Td (fice and manufacturing space in McKeesport, Pennsylvania ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (was entered into in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.31 358.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 148.31 358.10 Td ( and expires in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.40 358.10 Td (September 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.67 358.10 Td ( and includes the option to renew for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.07 358.10 Td (one) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.51 358.10 Td ( additional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.50 358.10 Td (five) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.05 358.10 Td (-year term. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (The Company's lease of approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 208.70 334.10 Td (40,696) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.20 334.10 Td ( square feet of manufacturing and of) Tj ET Q q 0 0 0 rg BT 381.51 334.10 Td (fice space in McKeesport, Pennsylvania was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (entered into in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.26 322.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 130.26 322.10 Td ( and expires in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 190.80 322.10 Td (April 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 234.41 322.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (The Company's lease of approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 208.70 298.10 Td (27,699) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.20 298.10 Td ( square feet of shop space in McKeesport Pennsylvania was entered into in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 538.06 298.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.06 298.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (and expires in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.59 286.10 Td (June 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 149.42 286.10 Td ( and includes the option to renew for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.83 286.10 Td (one) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.27 286.10 Td ( additional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.26 286.10 Td (three) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.24 286.10 Td (-year period.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (The three preceding leases are collectively referred to as the McKeesport Leases. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td (Subsequent to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.89 238.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.47 238.10 Td (, the Company entered into an agreement to terminate and settle the remaining amounts owed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (under and all liabilities related to the McKeesport Leases. ) Tj ET Q q 0 0 0 rg BT 283.07 226.10 Td (The Company will pay a total of $0.5 million, one-half of which is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td (due in the second quarter of each of 2016 and 2017.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.10 Td (See ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.94 190.10 Td (Note 14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.88 190.10 Td ( to our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 127.49 190.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 147.49 190.10 Td ( Consolidated Financial Statements in Item 8 of this Form 10-K for information with respect to our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td (lease commitments as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 151.08 178.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.67 178.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 154.10 Td (Item3. Legal Pr) Tj ET Q q 0 0 0 rg BT 119.24 154.10 Td (oceedings) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 130.10 Td (Securities class action lawsuit: ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 181.66 130.10 Td (United Food and Commercial ) Tj ET Q q 0 0 0 rg BT 307.04 130.10 Td (W) Tj ET Q q 0 0 0 rg BT 315.19 130.10 Td (orkers Union v) Tj ET Q q 0 0 0 rg BT 376.49 130.10 Td (. ) Tj ET Q q 0 0 0 rg BT 381.12 130.10 Td (Advanced Emissions Solutions, Inc.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 529.21 130.10 Td (, No. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 118.10 Td (14-cv-01243-CMA-KMT) Tj ET Q q 0 0 0 rg BT 155.35 118.10 Td ( \(U.S. District Court, D. Colo.\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.10 Td (A) Tj ET Q q 0 0 0 rg BT 56.67 94.10 Td ( class action lawsuit against ) Tj ET Q q 0 0 0 rg BT 169.70 94.10 Td (ADES and certain of its current and former of) Tj ET Q q 0 0 0 rg BT 353.34 94.10 Td (ficers is pending in the federal court in Denver) Tj ET Q q 0 0 0 rg BT 539.54 94.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.10 Td (Colorado. ) Tj ET Q q 0 0 0 rg BT 92.04 82.10 Td (This lawsuit and a companion case were originally filed in May 2014. On February 19, 2015, the Court consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 70.10 Td (these cases and appointed the United Foods and Commercial ) Tj ET Q q 0 0 0 rg BT 295.59 70.10 Td (W) Tj ET Q q 0 0 0 rg BT 304.23 70.10 Td (orkers Union and Participating Food Industry Employers ) Tj ET Q q 0 0 0 rg BT 534.29 70.10 Td (T) Tj ET Q q 0 0 0 rg BT 540.05 70.10 Td (ri-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 58.10 Td (State Pension Fund as lead plaintif) Tj ET Q q 0 0 0 rg BT 188.41 58.10 Td (f and approved its selection of the law firms. ) Tj ET Q q 0 0 0 rg BT 369.29 58.10 Td (The consolidated case is now captioned ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 530.35 58.10 Td (United ) Tj ET Q endstream endobj 61 0 obj <> endobj 62 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (27) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (Food and Commer) Tj ET Q q 0 0 0 rg BT 125.18 742.10 Td (cial W) Tj ET Q q 0 0 0 rg BT 150.09 742.10 Td (orkers Union v) Tj ET Q q 0 0 0 rg BT 209.34 742.10 Td (. ) Tj ET Q q 0 0 0 rg BT 214.16 742.10 Td (Advanced Emissions Solutions, Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.64 742.10 Td (, No. 14-cv-01243-CMA-KMT) Tj ET Q q 0 0 0 rg BT 481.44 742.10 Td ( \(U.S. District ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (Court, D. Colo.\). ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (The lead plaintif) Tj ET Q q 0 0 0 rg BT 115.90 706.10 Td (f filed Lead Plaintif) Tj ET Q q 0 0 0 rg BT 198.75 706.10 Td (f) Tj ET Q q 0 0 0 rg BT 202.63 706.10 Td () Tj ET Q q 0 0 0 rg BT 205.41 706.10 Td (s Consolidated Class ) Tj ET Q q 0 0 0 rg BT 290.69 706.10 Td (Action Complaint on ) Tj ET Q q 0 0 0 rg BT 381.51 706.10 Td (April 20, 2015 \(the Consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (Complaint\). ) Tj ET Q q 0 0 0 rg BT 104.81 694.10 Td (The Consolidated Complaint names as defendants the Company and certain current and former Company of) Tj ET Q q 0 0 0 rg BT 537.29 694.10 Td (ficers. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (Plaintif) Tj ET Q q 0 0 0 rg BT 79.26 670.10 Td (fs allege that ) Tj ET Q q 0 0 0 rg BT 132.30 670.10 Td (ADES and other defendants misrepresented to the investing public ) Tj ET Q q 0 0 0 rg BT 400.85 670.10 Td (ADES) Tj ET Q q 0 0 0 rg BT 429.74 670.10 Td (s financial condition and its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (financial controls to artificially inflate and maintain the market price of ) Tj ET Q q 0 0 0 rg BT 336.84 658.10 Td (ADES) Tj ET Q q 0 0 0 rg BT 365.73 658.10 Td (s common stock. ) Tj ET Q q 0 0 0 rg BT 435.54 658.10 Td (The Consolidated Complaint ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (alleges two claims for relief for: 1\) alleged violations of Section 10\(b\) of the Securities Exchange ) Tj ET Q q 0 0 0 rg BT 441.54 646.10 Td (Act of 1934 and Rule 10b-5, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (and 2\) control person liability under Section 20\(a\) of the Exchange ) Tj ET Q q 0 0 0 rg BT 319.64 634.10 Td (Act. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (The lawsuit seeks unspecified monetary damages together with costs and attorneys) Tj ET Q q 0 0 0 rg BT 384.16 610.10 Td ( fees incurred in prosecuting the class ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (action, among other relief. ) Tj ET Q q 0 0 0 rg BT 158.11 598.10 Td (The Consolidated Complaint, alleges a class period covering all purchasers or acquirers of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (common stock of ) Tj ET Q q 0 0 0 rg BT 121.38 586.10 Td (ADES or its predecessor) Tj ET Q q 0 0 0 rg BT 219.77 586.10 Td (-in-interest during the proposed class period from May 12, 201) Tj ET Q q 0 0 0 rg BT 471.01 586.10 Td (1 through January 29, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (2015. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (Defendants filed a motion to dismiss the Consolidated Complaint on June 19, 2015, contending the Consolidated Complaint: 1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (fails to meet the strict pleading standards required for Section 10\(b\) claims; and 2\) fails to establish the primary violation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (required for any claim of secondary \(control person\) liability) Tj ET Q q 0 0 0 rg BT 292.60 526.10 Td (. Plaintif) Tj ET Q q 0 0 0 rg BT 326.86 526.10 Td (fs filed a response in opposition to this motion on July 2, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (2015 and Defendants filed their reply brief on July 16, 2015. On March 7, 2016 the parties filed a stipulated motion to stay the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (case while the parties mediate the matter) Tj ET Q q 0 0 0 rg BT 212.15 502.10 Td (. On March 8, 2016, the motion to stay was granted, and the Defendants) Tj ET Q q 0 0 0 rg BT 502.73 502.10 Td ( motion to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (dismiss was denied without prejudice with the option to refile should mediation fail. ) Tj ET Q q 0 0 0 rg BT 389.20 490.10 Td (The case is stayed until further order of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (court.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (Stockholder) Tj ET Q q 0 0 0 rg BT 101.49 454.10 Td ( derivative lawsuits: ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 189.54 454.10 Td (In Re ) Tj ET Q q 0 0 0 rg BT 214.73 454.10 Td (Advanced Emissions Solutions, Inc. Shareholder Derivative Litigation) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 504.20 454.10 Td (, No. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (2014CV) Tj ET Q q 0 0 0 rg BT 83.70 442.10 Td (-30709 \(District Court, Douglas County) Tj ET Q q 0 0 0 rg BT 251.20 442.10 Td (, Colorado\) \(consolidated actions\). ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (Consolidated stockholder derivative claims against certain of the Company's current and former of) Tj ET Q q 0 0 0 rg BT 444.28 418.10 Td (ficers and directors, along ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (with the Company as a "nominal defendant" are pending in the District Court for Douglas County) Tj ET Q q 0 0 0 rg BT 440.49 406.10 Td (, Colorado, and are currently ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (stayed.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (In June and July 2014 stockholder derivative actions were filed in the Colorado District Courts for Douglas County and for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (City and County of Denver) Tj ET Q q 0 0 0 rg BT 158.32 358.10 Td (. By agreement of the parties, the case in the Denver District Court was transferred to the Douglas ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td (County District Court and the cases were consolidated. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (In separate complaints the plaintif) Tj ET Q q 0 0 0 rg BT 185.88 322.10 Td (fs allege breach of fiduciary duties, waste of corporate assets, and unjust enrichment against ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (the defendants for their allegedly utilizing improper accounting techniques and failing to maintain ef) Tj ET Q q 0 0 0 rg BT 452.19 310.10 Td (fective internal controls ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (that together resulted in materially inaccurate financial statements, from which, incentive compensation was derived and paid. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (Plaintif) Tj ET Q q 0 0 0 rg BT 79.26 286.10 Td (fs demand, on behalf of the Company) Tj ET Q q 0 0 0 rg BT 229.41 286.10 Td (, unspecified monetary damages, appropriate equitable relief, and the costs and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (disbursements of the action, including attorneys', accountants and expert fees, costs, expenses, and restitution, as well as certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (corporate governance changes. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td (On ) Tj ET Q q 0 0 0 rg BT 64.17 238.10 Td (August 28, 2014, the Colorado state court approved a Stipulation and proposed Order Consolidating ) Tj ET Q q 0 0 0 rg BT 466.88 238.10 Td (Actions, ) Tj ET Q q 0 0 0 rg BT 502.44 238.10 Td (Appointing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (Co-Lead Plaintif) Tj ET Q q 0 0 0 rg BT 116.75 226.10 Td (fs and Co-Lead Counsel, and Staying Consolidated ) Tj ET Q q 0 0 0 rg BT 323.39 226.10 Td (Action. Under that Order the consolidated derivative ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td (actions are stayed at least 30 days after a decision by the U.S. District Court on Defendants) Tj ET Q q 0 0 0 rg BT 416.93 214.10 Td ( motion to dismiss the operative ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (complaint in the securities class action described above. ) Tj ET Q q 0 0 0 rg BT 275.76 202.10 Td (Any party has the right to move to lift the stay on 30-days) Tj ET Q q 0 0 0 rg BT 509.98 202.10 Td ( written ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.10 Td (notice to the other parties. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 166.10 Td (SEC Inquiry) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 149.10 Td (On ) Tj ET Q q 0 0 0 rg BT 64.17 149.10 Td (April 7, 2014, the SEC) Tj ET Q q 0 0 0 rg BT 158.61 149.10 Td (s Division of Enforcement informed the Company that it had initiated an inquiry to determine if ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 137.10 Td (violations of the federal securities laws have occurred \(the SEC Inquiry\), and in September 2014 the SEC issued a formal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 125.10 Td (order of investigation. ) Tj ET Q q 0 0 0 rg BT 143.41 125.10 Td (The SEC Inquiry generally pertains to the restatement of the Company's financial statements and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 113.10 Td (internal controls processes, as described in the Explanatory Note and Note 2 of the Consolidated Financial Statements included ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 101.10 Td (within Item 8 of the ) Tj ET Q q 0 0 0 rg BT 131.38 101.10 Td (Annual Report on Form 10-K for the fiscal year ended December 31, 2014.) Tj ET Q q 0 0 0 rg BT 435.27 101.10 Td (The Company is fully ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 89.10 Td (cooperating with the SEC and has provided information and documents to the SEC on an ongoing basis.) Tj ET Q q 0 0 0 rg BT 469.20 89.10 Td (T) Tj ET Q q 0 0 0 rg BT 474.61 89.10 Td (o date, the SEC has ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 77.10 Td (not asserted any formal claims.) Tj ET Q q 0 0 0 rg BT 177.00 77.10 Td (While we cannot predict the duration or outcome of the SEC Inquiry) Tj ET Q q 0 0 0 rg BT 451.00 77.10 Td (, it could result in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 65.10 Td (payment of monetary penalties and other relief.) Tj ET Q endstream endobj 63 0 obj <> endobj 64 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (28) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 742.10 Td (e believe that it is unlikely that the outcome of each of the legal proceedings discussed above will have a material adverse ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (ef) Tj ET Q q 0 0 0 rg BT 57.59 730.10 Td (fect on our Company and its subsidiaries as a whole, notwithstanding that the unfavorable resolution of any matter may have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (a material ef) Tj ET Q q 0 0 0 rg BT 99.79 718.10 Td (fect on our net earnings \(if any\) in any particular quarter) Tj ET Q q 0 0 0 rg BT 324.69 718.10 Td (. However) Tj ET Q q 0 0 0 rg BT 365.94 718.10 Td (, we cannot predict with any certainty the final ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (outcome of any legal proceedings as described in the paragraphs above, and there can be no assurance that the ultimate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (resolution of any such matter will not have a material adverse ef) Tj ET Q q 0 0 0 rg BT 306.67 694.10 Td (fect on our consolidated financial position, results of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (operations, or cash flows.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 656.10 Td (Item4. Mine Safety Disclosur) Tj ET Q q 0 0 0 rg BT 176.19 656.10 Td (es) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 639.10 Td (Not applicable.) 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509.50 513.83 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 395.05 500.83 Td (High) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 441.40 500.83 Td (Low) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 486.05 500.83 Td (High) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 532.40 500.83 Td (Low) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 486.27 Td (1st Quarter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.00 486.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.10 486.27 Td (21.86) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 486.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.15 486.27 Td (9.40) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.00 486.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.10 486.27 Td (27.90) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.00 486.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.10 486.27 Td (22.53) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 471.27 Td (2nd Quarter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.00 471.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.10 471.27 Td (17.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 471.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.10 471.27 Td (12.20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.00 471.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.10 471.27 Td (25.89) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.00 471.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.10 471.27 Td (18.10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 456.27 Td (3rd Quarter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.00 456.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.10 456.27 Td (13.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 456.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.15 456.27 Td (6.30) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.00 456.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.10 456.27 Td (23.90) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.00 456.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.10 456.27 Td (19.33) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 441.27 Td (4th Quarter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.00 441.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.15 441.27 Td (7.14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 441.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.15 441.27 Td (3.70) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.00 441.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.10 441.27 Td (23.03) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.00 441.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.10 441.27 Td (19.24) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 411.10 Td (The Company's common stock traded on the NASDAQ Capital Market \("NASDAQ"\) under the symbol "ADES" through ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 399.10 Td (February2, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.60 399.10 Td (. Ef) Tj ET Q q 0 0 0 rg BT 132.86 399.10 Td (fective ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 162.56 399.10 Td (February3, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 231.16 399.10 Td (, NASDAQ suspended trading in our securities. Our securities were of) Tj ET Q q 0 0 0 rg BT 512.58 399.10 Td (ficially ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 387.10 Td (delisted from the NASDAQ on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 176.93 387.10 Td (March30, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 240.53 387.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 363.10 Td (The OTC quotations above reflect inter) Tj ET Q q 0 0 0 rg BT 207.25 363.10 Td (-dealer prices, without retail mark-up, markdown or commissions and may not represent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 351.10 Td (actual transactions. Such quotes are not necessarily representative of actual transactions or of the value of the Company) Tj ET Q q 0 0 0 rg BT 533.44 351.10 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 339.10 Td (securities.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 315.10 Td (The trading volume for the Company) Tj ET Q q 0 0 0 rg BT 201.91 315.10 Td (s common stock is relatively limited. ) Tj ET Q q 0 0 0 rg BT 351.98 315.10 Td (There is no assurance that an active trading market ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 303.10 Td (will continue to provide adequate liquidity for the Company) Tj ET Q q 0 0 0 rg BT 293.28 303.10 Td (s existing stockholders or for persons who may acquire the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 291.10 Td (Company) Tj ET Q q 0 0 0 rg BT 91.67 291.10 Td (s common stock in the future.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 265.10 Td (Performance Graph) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 253.10 Td (The following graph and table depict the total return to stockholders for the period beginning on December 31, 2010 and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 241.10 Td (ending on December 31, 2015 relative to the performance of the Russell 3000 Index and a select industry peer group. ) Tj ET Q q 0 0 0 rg BT 521.34 241.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 229.10 Td (graph and table assume $100 invested and that all dividends were reinvested.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 205.10 Td (The performance graph and table are not intended to be indicative of future performance. ) Tj ET Q q 0 0 0 rg BT 408.82 205.10 Td (The performance graph and table ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 193.10 Td (shall not be deemed soliciting material or to be filed with the Securities and Exchange Commission for purposes of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 181.10 Td (Section18 of the Securities Exchange ) Tj ET Q q 0 0 0 rg BT 203.85 181.10 Td (Act of 1934, as amended \(the Exchange ) Tj ET Q q 0 0 0 rg BT 369.90 181.10 Td (Act\), or otherwise subject to the liabilities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 169.10 Td (under that Section, and shall not be deemed to be incorporated by reference into any of the Company) Tj ET Q q 0 0 0 rg BT 456.53 169.10 Td (s filings under the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 157.10 Td (Securities ) Tj ET Q q 0 0 0 rg BT 91.38 157.10 Td (Act of 1933, as amended, or the Exchange ) Tj ET Q q 0 0 0 rg BT 262.99 157.10 Td (Act.) Tj ET Q endstream endobj 67 0 obj <> endobj 68 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (30) Tj ET Q /GS0 gs q 512.00 0 0 334.95 50.00 414.05 cm /I35 Do Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 390.05 Td (The select industry peer group includes the following: ) Tj ET Q q 0 0 0 rg BT 268.28 390.05 Td (American ) Tj ET Q q 0 0 0 rg BT 310.02 390.05 Td (V) Tj ET Q q 0 0 0 rg BT 316.14 390.05 Td (anguard Corp., Calgon Carbon Corporation, CECO ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 378.05 Td (Environmental Corp., Clean Ener) Tj ET Q q 0 0 0 rg BT 183.95 378.05 Td (gy Fuels Corp., EnerNOC, Inc., FutureFuel Corp., Fuel-T) Tj ET Q q 0 0 0 rg BT 413.78 378.05 Td (ech, Inc., PMFG, Inc., Hawkins Inc., ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 366.05 Td (Headwaters Incorporated, KMG Chemicals Inc., L) Tj ET Q q 0 0 0 rg BT 252.15 366.05 Td (ydall Inc., Flotek Industries, Inc., and Rentech, Inc.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 340.05 Td (Holders) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.05 Td (The number of record holders of our common stock as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.77 322.05 Td (April6, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.38 322.05 Td ( was approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.19 322.05 Td (1,051) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.69 322.05 Td (. ) Tj ET Q q 0 0 0 rg BT 442.51 322.05 Td (The approximate number of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.05 Td (beneficial stockholders is estimated at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 204.67 310.05 Td (2,246) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.17 310.05 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 284.05 Td (Dividends) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 266.05 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 266.05 Td (e have not paid cash dividends since inception. In addition, Ener) Tj ET Q q 0 0 0 rg BT 316.16 266.05 Td (gy Capital Partners I, LP) Tj ET Q q 0 0 0 rg BT 414.94 266.05 Td ( and its af) Tj ET Q q 0 0 0 rg BT 453.92 266.05 Td (filiated funds \("ECP"\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 254.05 Td (Settlement ) Tj ET Q q 0 0 0 rg BT 94.72 254.05 Td (Agreement signed in November 201) Tj ET Q q 0 0 0 rg BT 239.86 254.05 Td (1 restricts our ability to pay dividends without concurrently increasing our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 242.05 Td (letters of credit in an amount equal to 50% of the fair market value of the dividend. Should we pay dividends, the payment of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 230.05 Td (such dividends will be dependent upon earnings, financial condition and other factors considered relevant by our Board and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 218.05 Td (will be subject to limitations imposed under Delaware law) Tj ET Q q 0 0 0 rg BT 282.63 218.05 Td (. ) Tj ET Q q 0 0 0 rg BT 287.45 218.05 Td (The Credit ) Tj ET Q q 0 0 0 rg BT 332.44 218.05 Td (Agreement signed October 22, 2015 with Franklin ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 206.05 Td (Mutual Quest Fund and MFP) Tj ET Q q 0 0 0 rg BT 166.86 206.05 Td ( Investors, LLC as initial lenders also restricts our ability to pay dividends unless specific ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 194.05 Td (exceptions are met. ) Tj ET Q q 0 0 0 rg BT 129.79 194.05 Td (W) Tj ET Q q 0 0 0 rg BT 138.42 194.05 Td (e currently have no plan in place to pay cash dividends.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 168.05 Td (Securities ) Tj ET Q q 0 0 0 rg BT 93.60 168.05 Td (Authorized for) Tj ET Q q 0 0 0 rg BT 157.02 168.05 Td ( Issuance under) Tj ET Q q 0 0 0 rg BT 224.08 168.05 Td ( Equity Compensation Plans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 150.05 Td (The disclosure required by this Item is included under Item12 of this Form 10-K.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 124.05 Td (Pur) Tj ET Q q 0 0 0 rg BT 65.93 124.05 Td (chases of Equity Securities by the Company and ) Tj ET Q q 0 0 0 rg BT 273.17 124.05 Td (Affiliated Pur) Tj ET Q q 0 0 0 rg BT 332.15 124.05 Td (chasers) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.05 Td (Neither we nor any af) Tj ET Q q 0 0 0 rg BT 141.44 106.05 Td (filiated purchaser) Tj ET Q q 0 0 0 rg BT 210.73 106.05 Td (, as defined in SEC Rule 10b-18\(a\)\(3\), purchased any of our equity securities during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.05 Td (the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 114.69 94.05 Td (December31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.28 94.05 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 212.71 94.05 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 232.71 94.05 Td (.) Tj ET Q endstream endobj 69 0 obj <> endobj 70 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (31) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Item6. Selected Financial Data) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 725.25 Td (FIVE-YEAR SUMMAR) Tj ET Q q 0 0 0 rg BT 153.81 725.25 Td (Y) Tj ET Q q 0 0 0 rg BT 160.66 725.25 Td ( OF) Tj ET Q q 0 0 0 rg BT 176.67 725.25 Td ( SELECTED FINANCIAL) Tj ET Q q 0 0 0 rg BT 291.15 725.25 Td ( DA) Tj ET Q q 0 0 0 rg BT 307.35 725.25 Td (T) Tj ET Q q 0 0 0 rg BT 313.28 725.25 Td (A) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 701.25 Td (The following selected financial data are derived from the audited Consolidated Financial Statements for the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 689.25 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.58 689.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.58 689.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.58 689.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.58 689.25 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 178.58 689.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.02 689.25 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 218.02 689.25 Td ( and from the unaudited consolidated financial statements of the Company for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 677.25 Td (year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 96.08 677.25 Td (December31, 201) Tj ET Q q 0 0 0 rg BT 169.30 677.25 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.30 677.25 Td ( and should be read in conjunction with Item1A) Tj ET Q q 0 0 0 rg BT 367.31 677.25 Td ( Risk Factors, Item7 Management) Tj ET Q q 0 0 0 rg BT 508.40 677.25 Td (s Discussion ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 665.25 Td (and ) Tj ET Q q 0 0 0 rg BT 66.39 665.25 Td (Analysis of Financial Condition and Results of Operations, and our Consolidated Financial Statements and the related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 653.25 Td (notes included in Item8 Financial Statements and Supplementary Data of this Form 10-K.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 411.60 653.25 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 608.75 210.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 260.50 608.75 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 264.50 608.75 56.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 320.50 608.75 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 324.50 608.75 56.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.50 608.75 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 608.75 56.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 608.75 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 608.75 56.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 608.75 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 608.75 56.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 572.75 210.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 260.50 572.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 264.50 572.75 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 320.50 572.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 324.50 572.75 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.50 572.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 572.75 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 572.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 572.75 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 572.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 572.75 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 542.75 210.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 260.50 542.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 264.50 542.75 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 320.50 542.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 324.50 542.75 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.50 542.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 542.75 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 542.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 542.75 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 542.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 542.75 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 512.75 210.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 260.50 512.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 264.50 512.75 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 320.50 512.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 324.50 512.75 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.50 512.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 512.75 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 512.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 512.75 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 512.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 512.75 56.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 264.5 629.75 m 320.5 629.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 320.5 629.75 m 324.5 629.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 324.5 629.75 m 380.5 629.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380.5 629.75 m 384.5 629.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 629.75 m 440.5 629.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 440.5 629.75 m 444.5 629.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 629.75 m 500.5 629.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 629.75 m 504.5 629.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 629.75 m 560.5 629.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 608.75 m 260.5 608.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 264.5 608.75 m 320.5 608.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 324.5 608.75 m 380.5 608.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 629.75 m 440.5 629.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 608.75 m 440.5 608.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 629.75 m 500.5 629.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 608.75 m 500.5 608.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 629.75 m 560.5 629.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 608.75 m 560.5 608.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 264.5 608.75 m 320.5 608.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 324.5 608.75 m 380.5 608.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 608.75 m 440.5 608.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 608.75 m 500.5 608.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 608.75 m 560.5 608.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 366.05 633.98 Td (Years Ended December31,) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 53.00 613.00 Td (\(in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 284.00 612.98 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 344.00 612.98 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 404.00 612.98 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 464.00 612.98 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 524.20 612.98 Td (2011) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 592.43 Td (Statement of operations data:) Tj ET Q BT /F1 5.20 Tf ET q 0 0 0 rg BT 285.25 596.11 Td (\(3\) \(5\)) Tj ET Q BT /F1 5.20 Tf ET q 0 0 0 rg BT 348.95 596.11 Td (\(3\)) Tj ET Q BT /F1 5.20 Tf ET q 0 0 0 rg BT 408.95 596.11 Td (\(3\)) Tj ET Q BT /F4 5.20 Tf ET q 0 0 0 rg BT 468.95 596.10 Td (\(4\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 511.60 592.00 Td (\(unaudited\) ) Tj ET Q BT /F4 8.00 Tf ET BT /F4 5.20 Tf ET q 0 0 0 rg BT 550.92 595.62 Td (\(5\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 577.42 Td (Revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.00 577.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.15 577.42 Td (62,739) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.00 577.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.15 577.42 Td (16,923) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.00 577.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.15 577.42 Td (13,286) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.00 577.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.15 577.42 Td (16,316) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.00 577.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.15 577.42 Td (21,764) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 562.42 Td (Earnings \(loss\) from equity method investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.15 562.42 Td (8,921) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.15 562.42 Td (42,712) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.15 562.42 Td (15,502) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.65 562.42 Td (813) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.15 562.42 Td (28,795) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 547.42 Td (Royalties, related party) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.15 547.42 Td (10,642) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.15 547.42 Td (6,410) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.15 547.42 Td (2,505) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.15 547.42 Td (1,446) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.65 547.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 532.42 Td (Net income \(loss\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 285.80 532.47 Td (\(30,141) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.65 532.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.15 532.42 Td (1,387) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.80 532.47 Td (\(15,987) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.65 532.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.80 532.47 Td (\(13,129) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.65 532.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.80 532.47 Td (\(30,811) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 556.65 532.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 517.42 Td (Earnings \(loss\), per common share, basic ) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 220.18 521.04 Td (\(1\) \(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.80 517.47 Td (\(1.37) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.65 517.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.15 517.42 Td (0.06) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.80 517.47 Td (\(0.78) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.65 517.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.80 517.47 Td (\(0.65) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.65 517.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.80 517.47 Td (\(1.91) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 556.65 517.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 502.42 Td (Earnings \(loss\), per common share, diluted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.80 502.47 Td (\(1.37) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.65 502.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.15 502.42 Td (0.06) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.80 502.47 Td (\(0.78) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.65 502.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.80 502.47 Td (\(0.65) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.65 502.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.80 502.47 Td (\(1.91) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 556.65 502.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 487.42 Td (Dividends declared per common share) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.65 487.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.65 487.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.65 487.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.65 487.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.65 487.42 Td () Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 438.75 210.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 260.50 438.75 4.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 264.50 438.75 56.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 320.50 438.75 4.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 324.50 438.75 56.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.50 438.75 4.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 438.75 56.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 438.75 4.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 438.75 56.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 438.75 4.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 438.75 56.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 406.75 210.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 260.50 406.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 264.50 406.75 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 320.50 406.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 324.50 406.75 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.50 406.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 406.75 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 406.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 406.75 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 406.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 406.75 56.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 264.5 459.75 m 320.5 459.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 320.5 459.75 m 324.5 459.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 324.5 459.75 m 380.5 459.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380.5 459.75 m 384.5 459.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 459.75 m 440.5 459.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 440.5 459.75 m 444.5 459.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 459.75 m 500.5 459.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 459.75 m 504.5 459.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 459.75 m 560.5 459.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 438.75 m 260.5 438.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 264.5 438.75 m 320.5 438.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 324.5 459.75 m 380.5 459.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 324.5 438.75 m 380.5 438.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 459.75 m 440.5 459.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 438.75 m 440.5 438.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 440.5 459.75 m 444.5 459.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 459.75 m 500.5 459.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 438.75 m 500.5 438.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 459.75 m 504.5 459.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 459.75 m 560.5 459.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 438.75 m 560.5 438.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 264.5 438.75 m 320.5 438.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 324.5 438.75 m 380.5 438.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 438.75 m 440.5 438.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 438.75 m 500.5 438.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 438.75 m 560.5 438.75 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 464.00 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 378.95 463.98 Td (As of December 31,) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 53.00 443.00 Td (\(in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 284.00 442.98 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 344.00 442.98 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 404.00 442.98 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 464.00 442.98 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 524.20 442.98 Td (2011) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 426.43 Td (Balance sheet data:) Tj ET Q BT /F1 5.20 Tf ET q 0 0 0 rg BT 285.25 430.11 Td (\(3\) \(5\)) Tj ET Q BT /F1 5.20 Tf ET q 0 0 0 rg BT 348.95 430.11 Td (\(3\)) Tj ET Q BT /F1 5.20 Tf ET q 0 0 0 rg BT 408.95 430.11 Td (\(3\)) Tj ET Q BT /F4 5.20 Tf ET q 0 0 0 rg BT 468.95 430.10 Td (\(4\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 511.60 426.00 Td (\(unaudited\) ) Tj ET Q BT /F4 8.00 Tf ET BT /F4 5.20 Tf ET q 0 0 0 rg BT 550.92 429.62 Td (\(5\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 411.42 Td (Total assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.00 411.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.15 411.42 Td (60,775) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.00 411.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.15 411.42 Td (93,699) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.00 411.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.15 411.42 Td (73,524) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.00 411.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.15 411.42 Td (28,885) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.00 411.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.15 411.42 Td (42,609) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 396.42 Td (Total debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.15 396.42 Td (28,025) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.15 396.42 Td (15,910) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.65 396.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.65 396.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.65 396.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 381.42 Td (Stockholders deficit) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 285.80 381.47 Td (\(24,978) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.65 381.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.30 381.47 Td (\(697) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.65 381.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.80 381.47 Td (\(6,167) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.65 381.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.80 381.47 Td (\(21,456) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.65 381.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.80 381.47 Td (\(9,384) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 556.65 381.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 361.45 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 62.58 361.45 Td (The number of shares and per share amounts have been retroactively restated to reflect the two-for) Tj ET Q q 0 0 0 rg BT 417.00 361.45 Td (-one stock split of the Company) Tj ET Q q 0 0 0 rg BT 534.73 361.45 Td (s ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 350.65 Td (common stock, which was ef) Tj ET Q q 0 0 0 rg BT 154.56 350.65 Td (fected in the form of a common stock dividend distributed on March14, 2014.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 334.85 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 62.58 334.85 Td (The computation of diluted EPS was the same as basic EPS as the inclusion of outstanding options or unvested equity instruments would ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 324.05 Td (have been anti-dilutive for the years ended ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 205.69 324.05 Td (December31, 2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 276.41 324.05 Td (, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 280.91 324.05 Td (2013) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 298.91 324.05 Td (, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 303.41 324.05 Td (2012) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 321.41 324.05 Td ( and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 338.91 324.05 Td (201) Tj ET Q q 0 0 0 rg BT 352.07 324.05 Td (1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 356.57 324.05 Td (.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 307.05 Td (\(3\) On ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.99 307.05 Td (August31, 2012) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 142.39 307.05 Td (, BCSI acquired and consolidated the assets of two related private companies engaged in the DSI business, as ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 296.25 Td (described in Note 9 of the Company's ) Tj ET Q q 0 0 0 rg BT 187.35 296.25 Td (Annual Report on Form 10-K for the year ended December 31, 2014. ) Tj ET Q q 0 0 0 rg BT 439.11 296.25 Td (The fabrication facility related to ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 285.45 Td (this acquisition was shut down during the fourth quarter of 2015 as described in ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 339.45 285.45 Td (Note 2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 363.69 285.45 Td ( of the Consolidated Financial Statements within this ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 274.65 Td (Form 10-K.) Tj ET Q endstream endobj 71 0 obj <> endobj 72 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (32) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 742.80 Td (\(4\) ) Tj ET Q q 0 0 0 rg BT 62.25 742.80 Td (As described in Item 7 and Note 14 of the Company's ) Tj ET Q q 0 0 0 rg BT 257.08 742.80 Td (Annual Report on Form 10-K for the year ended December 31, 2014, during 201) Tj ET Q q 0 0 0 rg BT 547.93 742.80 Td (1, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 732.00 Td (the Company entered into settlement agreements with various third parties related to litigation regarding one of the Company) Tj ET Q q 0 0 0 rg BT 503.63 732.00 Td (s equity method ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 721.20 Td (investments, whereby the Company paid a lump-sum payment totaling $33 million in the third quarter of 201) Tj ET Q q 0 0 0 rg BT 443.35 721.20 Td (1. In addition, the Company ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 710.40 Td (agreed to pay an additional $7.5 million over a three-year period with payments commencing in the second quarter of 2012, payable in three ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 699.60 Td (equal installments. ) Tj ET Q q 0 0 0 rg BT 119.57 699.60 Td (The Company also relinquished its investment in the equity method entity and was also required to pay additional ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 688.80 Td (damages in the form of future royalty payments related to certain future revenues generated from the equity method investment through the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 678.00 Td (second quarter of 2018 \(the Royalty ) Tj ET Q q 0 0 0 rg BT 185.46 678.00 Td (A) Tj ET Q q 0 0 0 rg BT 191.13 678.00 Td (ward\). Included within the Restated selected financial data, the Company has recognized the expense ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 667.20 Td (related to the entire settlement agreements, of) Tj ET Q q 0 0 0 rg BT 214.02 667.20 Td (fset by a gain on relinquishment of its investment in the equity method entity) Tj ET Q q 0 0 0 rg BT 490.64 667.20 Td (, resulting in net ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 656.40 Td (expenses of $48.3 million during the year ended December 31, 201) Tj ET Q q 0 0 0 rg BT 291.60 656.40 Td (1. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 640.60 Td (Additionally) Tj ET Q q 0 0 0 rg BT 94.91 640.60 Td (, as of and during the year ended December 31, 201) Tj ET Q q 0 0 0 rg BT 280.51 640.60 Td (1, the Company recognized equity method losses, from the equity method ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 629.80 Td (investment discussed above of $8.8 million. ) Tj ET Q q 0 0 0 rg BT 210.32 629.80 Td (This investment was relinquished in 201) Tj ET Q q 0 0 0 rg BT 355.71 629.80 Td (1 and thus had no impact to the years ended subsequent ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 619.00 Td (to December 31, 201) Tj ET Q q 0 0 0 rg BT 125.14 619.00 Td (1. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 603.20 Td (\(5\) ) Tj ET Q q 0 0 0 rg BT 62.25 603.20 Td (As described in ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 120.48 603.20 Td (Note 7) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 144.73 603.20 Td ( of the Consolidated Financial Statements within this Form 10-K, on February 10, 2014, the Company purchased a ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 592.40 Td (24.95%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 77.75 592.40 Td ( membership interest in RCM6, LLC \("RCM6"\), which owns a single RC facility that produces RC that qualifies for IRC Section 45 ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 581.60 Td (tax credits, from CCS through an up-front payment of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 246.46 581.60 Td ($2.4 million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 290.46 581.60 Td ( and an initial note payable to CCS of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 428.19 581.60 Td ($13.3 million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 476.69 581.60 Td (. During the year ended ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 570.80 Td (December31, 2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 120.73 570.80 Td (, the Company recognized equity method losses related to RCM6 of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 367.68 570.80 Td ($4.6 million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 411.68 570.80 Td (. On March 3, 2016, the Company sold ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 560.00 Td (its 24.95% membership interest in RCM6 for a cash payment of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 282.46 560.00 Td ($1.8 million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 326.46 560.00 Td ( and assumption of the outstanding note payable made by the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 549.20 Td (Company in connection with its purchase of RCM6 membership interests from CCS in February 2014. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 521.40 Td (The Notes to the Consolidated Financial Statements contain additional information about char) Tj ET Q q 0 0 0 rg BT 426.12 521.40 Td (ges resulting from other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 509.40 Td (operating expenses and other income \(expense\) which af) Tj ET Q q 0 0 0 rg BT 276.67 509.40 Td (fects the comparability of information presented.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 483.40 Td (QUAR) Tj ET Q q 0 0 0 rg BT 79.09 483.40 Td (TERL) Tj ET Q q 0 0 0 rg BT 105.41 483.40 Td (Y) Tj ET Q q 0 0 0 rg BT 112.26 483.40 Td ( FINANCIAL) Tj ET Q q 0 0 0 rg BT 170.87 483.40 Td ( DA) Tj ET Q q 0 0 0 rg BT 187.08 483.40 Td (T) Tj ET Q q 0 0 0 rg BT 193.00 483.40 Td (A) Tj ET Q q 0 0 0 rg BT 199.67 483.40 Td ( UNAUDITED) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 446.90 200.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 249.50 446.90 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 253.50 446.90 74.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.50 446.90 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 331.50 446.90 74.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.50 446.90 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 446.90 74.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 446.90 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 446.90 74.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 406.90 200.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 249.50 406.90 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 253.50 406.90 74.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.50 406.90 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 331.50 406.90 74.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.50 406.90 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 406.90 74.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 406.90 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 406.90 74.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 376.90 200.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 249.50 376.90 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 253.50 376.90 74.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.50 376.90 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 331.50 376.90 74.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.50 376.90 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 376.90 74.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 376.90 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 376.90 74.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 346.90 200.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 249.50 346.90 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 253.50 346.90 74.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.50 346.90 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 331.50 346.90 74.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.50 346.90 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 346.90 74.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 346.90 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 346.90 74.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 316.90 200.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 249.50 316.90 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 253.50 316.90 74.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.50 316.90 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 331.50 316.90 74.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.50 316.90 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 316.90 74.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 316.90 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 316.90 74.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 286.90 200.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 249.50 286.90 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 253.50 286.90 74.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.50 286.90 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 331.50 286.90 74.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.50 286.90 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 286.90 74.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 286.90 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 286.90 74.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 256.90 200.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 249.50 256.90 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 253.50 256.90 74.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.50 256.90 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 331.50 256.90 74.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.50 256.90 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 256.90 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459.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 331.5 459.9 m 405.5 459.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.5 459.9 m 409.5 459.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 459.9 m 483.5 459.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 459.9 m 487.5 459.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 459.9 m 561.5 459.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 446.9 m 249.5 446.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 253.5 459.9 m 327.5 459.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 253.5 446.9 m 327.5 446.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 331.5 459.9 m 405.5 459.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 331.5 446.9 m 405.5 446.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 459.9 m 483.5 459.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 446.9 m 483.5 446.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 459.9 m 561.5 459.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 446.9 m 561.5 446.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 446.9 m 249.5 446.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 253.5 446.9 m 327.5 446.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 331.5 446.9 m 405.5 446.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 446.9 m 483.5 446.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 446.9 m 561.5 446.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 253.5 391.9 m 327.5 391.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 331.5 391.9 m 405.5 391.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 391.9 m 483.5 391.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 391.9 m 561.5 391.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 331.5 391.9 m 405.5 391.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 391.9 m 483.5 391.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 391.9 m 561.5 391.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 253.5 331.9 m 327.5 331.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 331.5 331.9 m 405.5 331.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 331.9 m 483.5 331.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 331.9 m 561.5 331.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 331.5 331.9 m 405.5 331.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 331.9 m 483.5 331.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 331.9 m 561.5 331.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 253.5 301.9 m 327.5 301.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 253.5 287.9 m 327.5 287.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 253.5 285.9 m 327.5 285.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 331.5 301.9 m 405.5 301.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 331.5 287.9 m 405.5 287.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 331.5 285.9 m 405.5 285.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 301.9 m 483.5 301.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 287.9 m 483.5 287.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 285.9 m 483.5 285.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 301.9 m 561.5 301.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 287.9 m 561.5 287.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 285.9 m 561.5 285.9 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 367.45 464.13 Td (For the Quarter Ended) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 52.00 451.15 Td (\(in thousands, except per share data\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 257.75 451.13 Td (December 31, 2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 334.60 451.13 Td (September 30, 2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 422.75 451.13 Td (June 30, 2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 497.50 451.13 Td (March 31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 436.57 Td ( Revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.00 436.57 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.15 436.57 Td (13,202) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.00 436.57 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.15 436.57 Td (12,885) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.00 436.57 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.15 436.57 Td (14,895) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.00 436.57 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 436.57 Td (21,757) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 421.57 Td (Cost of revenues, exclusive of operating) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 411.57 Td (expenses shown below) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.15 411.57 Td (7,224) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.15 411.57 Td (10,610) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.15 411.57 Td (14,003) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 411.57 Td (15,715) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 396.57 Td (Other operating expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.15 396.57 Td (13,113) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.15 396.57 Td (12,264) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.15 396.57 Td (18,670) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 396.57 Td (12,940) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 381.57 Td ( Operating loss) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.80 381.62 Td (\(7,135) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.65 381.57 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.80 381.62 Td (\(9,989) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.65 381.57 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.80 381.62 Td (\(17,778) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 381.57 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 381.62 Td (\(6,898) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 381.57 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 366.57 Td (Earnings \(loss\) from equity method investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.15 366.57 Td (3,788) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.30 366.62 Td (\(41) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.65 366.57 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 366.57 Td (4,860) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 366.57 Td (314) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 351.57 Td (Royalties, related party) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.15 351.57 Td (2,876) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.15 351.57 Td (3,273) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 351.57 Td (2,299) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 351.57 Td (2,194) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 336.57 Td (Other income \(expenses\), net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.80 336.62 Td (\(2,568) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.65 336.57 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.80 336.62 Td (\(1,853) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.65 336.57 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.80 336.62 Td (\(1,765) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 336.57 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 336.62 Td (\(1,698) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 336.57 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 321.57 Td (Income \(loss\) before income tax expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.80 321.62 Td (\(3,039) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.65 321.57 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.80 321.62 Td (\(8,610) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.65 321.57 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.80 321.62 Td (\(12,384) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 321.57 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 321.62 Td (\(6,088) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 321.57 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 306.57 Td ( Income tax expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.30 306.62 Td (\(131) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.65 306.57 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.65 306.57 Td (44) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.65 306.57 Td (63) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 306.57 Td (44) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 291.57 Td ( Net income \(loss\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.00 291.57 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.80 291.62 Td (\(2,908) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.65 291.57 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.00 291.57 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.80 291.62 Td (\(8,654) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.65 291.57 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.00 291.57 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.80 291.62 Td (\(12,447) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 291.57 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.00 291.57 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 291.62 Td (\(6,132) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 291.57 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 276.57 Td (Earnings \(loss\) per common share basic) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.00 276.57 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.80 276.62 Td (\(0.13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.65 276.57 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.00 276.57 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.80 276.62 Td (\(0.40) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.65 276.57 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.00 276.57 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.80 276.62 Td (\(0.57) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 276.57 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.00 276.57 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.80 276.62 Td (\(0.28) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 276.57 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 261.57 Td (Earnings \(loss\) per common share diluted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.00 261.57 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.80 261.62 Td (\(0.13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.65 261.57 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.00 261.57 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.80 261.62 Td (\(0.40) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.65 261.57 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.00 261.57 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.80 261.62 Td (\(0.57) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 261.57 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.00 261.57 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.80 261.62 Td (\(0.28) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 261.57 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 246.57 Td (Weighted-average number of common shares) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 236.57 Td (outstanding \(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 221.57 Td (Basic) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.15 221.57 Td (21,676) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.15 221.57 Td (21,687) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.15 221.57 Td (21,715) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 221.57 Td (21,696) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 206.57 Td (Diluted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.15 206.57 Td (21,676) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.15 206.57 Td (21,687) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.15 206.57 Td (21,715) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 206.57 Td (21,696) Tj ET Q BT /F1 10.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 86.00 186.60 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 98.58 186.60 Td (The number of shares and per share amounts have been retroactively restated to reflect the two-for) Tj ET Q q 0 0 0 rg BT 453.00 186.60 Td (-one stock split of the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 86.00 175.80 Td (Company) Tj ET Q q 0 0 0 rg BT 123.50 175.80 Td (s common stock, which was ef) Tj ET Q q 0 0 0 rg BT 233.81 175.80 Td (fected in the form of a common stock dividend distributed on March14, 2014.) 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gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 599.5 m 561.5 599.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 331.5 599.5 m 405.5 599.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 599.5 m 483.5 599.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 599.5 m 561.5 599.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 253.5 569.5 m 327.5 569.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 253.5 555.5 m 327.5 555.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 253.5 553.5 m 327.5 553.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 331.5 569.5 m 405.5 569.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 331.5 555.5 m 405.5 555.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 331.5 553.5 m 405.5 553.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 569.5 m 483.5 569.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 555.5 m 483.5 555.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 553.5 m 483.5 553.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 569.5 m 561.5 569.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 555.5 m 561.5 555.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 553.5 m 561.5 553.5 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 367.45 739.73 Td (For the Quarter Ended) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 52.00 718.75 Td (\(in thousands, except per share data\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 257.75 718.73 Td (December 31, 2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 334.60 718.73 Td (September 30, 2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 422.75 718.73 Td (June 30, 2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 497.50 718.73 Td (March 31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 704.17 Td ( Revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.00 704.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.15 704.17 Td (3,693) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.00 704.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.15 704.17 Td (9,072) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.00 704.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 704.17 Td (3,175) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.00 704.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 704.17 Td (983) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 689.17 Td (Cost of revenues, exclusive of operating) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 679.17 Td (expenses shown below) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.15 679.17 Td (2,903) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.15 679.17 Td (6,512) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 679.17 Td (1,754) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 679.17 Td (451) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 664.17 Td (Other operating expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.15 664.17 Td (16,335) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.15 664.17 Td (12,839) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 664.17 Td (9,841) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 664.17 Td (8,102) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 649.17 Td ( Operating income \(Loss\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.80 649.22 Td (\(15,545) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.65 649.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.80 649.22 Td (\(10,279) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.65 649.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.80 649.22 Td (\(8,420) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 649.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 649.22 Td (\(7,570) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 649.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 634.17 Td (Earnings from equity method investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.15 634.17 Td (20,693) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.15 634.17 Td (5,603) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 634.17 Td (9,791) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 634.17 Td (6,625) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 619.17 Td (Royalties, related party) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.15 619.17 Td (2,154) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.15 619.17 Td (2,275) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.65 619.17 Td (849) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 619.17 Td (1,132) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 604.17 Td (Other income \(expenses\), net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.80 604.22 Td (\(2,484) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.65 604.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.80 604.22 Td (\(1,185) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.65 604.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.80 604.22 Td (\(1,199) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 604.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.30 604.22 Td (\(757) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 604.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 589.17 Td (Income \(loss\) before income tax expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.15 589.17 Td (4,818) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.80 589.22 Td (\(3,586) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.65 589.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 589.17 Td (1,021) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.30 589.22 Td (\(570) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 589.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 574.17 Td ( Income tax expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.65 574.17 Td (141) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.65 574.17 Td (113) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.65 574.17 Td (29) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 574.17 Td (13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 559.17 Td ( Net income \(loss\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.00 559.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.15 559.17 Td (4,677) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.00 559.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.80 559.22 Td (\(3,699) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.65 559.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.00 559.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.65 559.17 Td (992) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.00 559.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.30 559.22 Td (\(583) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 559.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 544.17 Td (Earnings \(loss\) per common share basic) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.00 544.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.15 544.17 Td (0.21) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.00 544.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.80 544.22 Td (\(0.17) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.65 544.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.00 544.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 544.17 Td (0.05) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.00 544.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.80 544.22 Td (\(0.03) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 544.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 529.17 Td (Earnings \(loss\) per common share diluted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.00 529.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.15 529.17 Td (0.21) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.00 529.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.80 529.22 Td (\(0.17) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.65 529.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.00 529.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 529.17 Td (0.05) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.00 529.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.80 529.22 Td (\(0.03) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 529.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 514.17 Td (Weighted-average number of common shares) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 504.17 Td (outstanding \(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 489.17 Td (Basic) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.15 489.17 Td (21,563) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.15 489.17 Td (21,536) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.15 489.17 Td (21,477) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 489.17 Td (21,465) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 474.17 Td (Diluted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.15 474.17 Td (21,947) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.15 474.17 Td (21,536) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.15 474.17 Td (22,035) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 474.17 Td (21,465) Tj ET Q BT /F1 10.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 86.00 454.20 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 98.58 454.20 Td (The number of shares and per share amounts have been retroactively restated to reflect the two-for) Tj ET Q q 0 0 0 rg BT 453.00 454.20 Td (-one stock split of the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 86.00 443.40 Td (Company) Tj ET Q q 0 0 0 rg BT 123.50 443.40 Td (s common stock, which was ef) Tj ET Q q 0 0 0 rg BT 233.81 443.40 Td (fected in the form of a common stock dividend distributed on March14, 2014.) Tj ET Q endstream endobj 75 0 obj <> endobj 76 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (34) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Item7. Management) Tj ET Q q 0 0 0 rg BT 141.55 742.25 Td (s Discussion and ) Tj ET Q q 0 0 0 rg BT 213.53 742.25 Td (Analysis of Financial Condition and Results of Operations.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 718.25 Td (Overview ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.25 Td (This Form 10-K for the year ended December 31, 2015 is filed by ) Tj ET Q q 0 0 0 rg BT 315.49 706.25 Td (Advanced Emissions Solutions, Inc. together with its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.25 Td (consolidated subsidiaries \(collectively) Tj ET Q q 0 0 0 rg BT 202.08 694.25 Td (, ADES, the Company, we, us, or our unless the context indicates otherwise\). ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.25 Td (Pursuant to an ) Tj ET Q q 0 0 0 rg BT 109.17 682.25 Td (Agreement and Plan of Mer) Tj ET Q q 0 0 0 rg BT 220.62 682.25 Td (ger) Tj ET Q q 0 0 0 rg BT 232.98 682.25 Td (, ) Tj ET Q q 0 0 0 rg BT 237.43 682.25 Td (Advanced Emissions Solutions, Inc., a Delaware company incorporated in 201) Tj ET Q q 0 0 0 rg BT 551.98 682.25 Td (1, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.25 Td (replaced ) Tj ET Q q 0 0 0 rg BT 85.81 670.25 Td (ADA-ES, Inc. \(ADA\) as the publicly-held corporation ef) Tj ET Q q 0 0 0 rg BT 322.50 670.25 Td (fective July1, 2013. ) Tj ET Q q 0 0 0 rg BT 406.19 670.25 Td (Therefore, the terms we, us and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.25 Td (our means ) Tj ET Q q 0 0 0 rg BT 102.20 658.25 Td (ADA) Tj ET Q q 0 0 0 rg BT 123.32 658.25 Td ( and its consolidated subsidiaries unless the context indicates otherwise, for the periods through and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.25 Td (including the period ended June30, 2013. For further information on the reor) Tj ET Q q 0 0 0 rg BT 359.19 646.25 Td (ganization, see ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.11 646.25 Td (Note 20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.05 646.25 Td ( of the Notes to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.25 Td (Consolidated Financial Statements included in Part II of this Form 10-K. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.25 Td (The Company is a leader in clean coal technologies and associated specialty chemicals, primarily serving the coal-fueled power ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.25 Td (plant industry) Tj ET Q q 0 0 0 rg BT 104.62 598.25 Td (. Our proprietary environmental technologies and specialty chemicals enable power and coal-fired plants to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.25 Td (enhance existing air pollution control equipment, minimize mercury) Tj ET Q q 0 0 0 rg BT 322.05 586.25 Td (, CO) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 340.94 585.11 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.54 586.25 Td ( and other emissions, maximize capacity) Tj ET Q q 0 0 0 rg BT 505.07 586.25 Td (, and improve ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.25 Td (operating ef) Tj ET Q q 0 0 0 rg BT 97.85 574.25 Td (ficiencies, to meet the challenges of existing and pending emission control regulations. See further discussion of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.25 Td (Company's business within Item 1 of this Form 10-K. Discussion regarding segment information is included within the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.25 Td (discussion of our consolidated results. ) Tj ET Q q 0 0 0 rg BT 204.43 550.25 Td (Additionally) Tj ET Q q 0 0 0 rg BT 254.33 550.25 Td (, discussion related to our reportable segments is included within Item 1 of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.25 Td (this Form 10-K and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 131.11 538.25 Td (Note 17) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.05 538.25 Td ( of our Consolidated Financial Statements. Because of changes we have made in our business since ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.25 Td (the end of 2015, the information relating to our business and related matters includes certain information for periods after ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.25 Td (December31, 2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 128.58 514.25 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 490.25 Td (Components of Revenue, Expenses and Equity Method Investees ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.25 Td (The following briefly describes the components of revenue and expenses as presented in the Consolidated Statement of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.25 Td (Operations. Descriptions of the revenue recognition policies are included in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.18 454.25 Td (Note 1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.12 454.25 Td ( to the Company's Consolidated Financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.25 Td (Statements. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 418.25 Td (Revenue and costs of revenue) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 392.9169921875 m 115.8251953125 392.9169921875 l s q 0 0 0 rg BT 50.00 394.25 Td (Equipment sales) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 115.83 394.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.25 Td (Equipment sales represent the sale of activated carbon injection \("ACI"\) systems to control mercury) Tj ET Q q 0 0 0 rg BT 449.33 382.25 Td (, dry sorbent injection ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.25 Td (\("DSI"\) systems to control SO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 171.49 368.82 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.74 370.25 Td (, SO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 192.53 368.82 Td (3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 195.78 370.25 Td (, and HCl and electrostatic precipitator \("ESP"\) liquid flue gas conditioning systems. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.25 Td (Revenue from extended equipment contracts is recorded using the completed contract method of accounting. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.25 Td (The Company also enters into other non-extended equipment contracts for which the Company recognizes revenues on time ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.25 Td (and material contracts as services to build equipment systems are performed or as equipment is delivered.) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 296.9169921875 m 128.603515625 296.9169921875 l s q 0 0 0 rg BT 50.00 298.25 Td (Consulting services) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 128.60 298.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.25 Td (Consulting services are provided to assist electric power generators and others in planning and implementing strategies to meet ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.25 Td (the new and increasingly stringent government emission standards requiring reductions in SO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 424.64 272.82 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.89 274.25 Td (, NO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 447.34 272.82 Td (x) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.59 274.25 Td (, particulates, acid gases ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.25 Td (and mercury) Tj ET Q q 0 0 0 rg BT 99.60 262.25 Td (. ) Tj ET Q q 0 0 0 rg BT 104.42 262.25 Td (This includes demonstrations of our commercial products. ) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 236.9169921875 m 133.3251953125 236.9169921875 l s q 0 0 0 rg BT 50.00 238.25 Td (Chemicals and other) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 133.33 238.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.25 Td (The Company sells proprietary chemical blends to coal-fired utilities that allow the respective utilities to comply with the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.25 Td (regulatory emissions standards.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 190.25 Td (Other Operating Expenses) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 164.9169921875 m 130.7275390625 164.9169921875 l s q 0 0 0 rg BT 50.00 166.25 Td (Payr) Tj ET Q q 0 0 0 rg BT 69.07 166.25 Td (oll and benefits) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 130.73 166.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.25 Td (Payroll and benefits costs include personnel related fringe benefits, sales and administrative staf) Tj ET Q q 0 0 0 rg BT 433.87 154.25 Td (f labor costs and stock ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.25 Td (compensation expenses.) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 116.9169921875 m 131.0791015625 116.9169921875 l s q 0 0 0 rg BT 50.00 118.25 Td (Rent and occupancy) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 131.08 118.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.25 Td (Rent and occupancy costs include rent, insurance, and other occupancy-related expenses.) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 80.9169921875 m 159.90234375 80.9169921875 l s q 0 0 0 rg BT 50.00 82.25 Td (Legal and pr) Tj ET Q q 0 0 0 rg BT 101.30 82.25 Td (ofessional fees) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 159.90 82.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 70.25 Td (Legal and professional costs include external legal, audit and consulting expenses.) Tj ET Q endstream endobj 77 0 obj <> endobj 78 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (35) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 740.7669921875 m 160.5419921875 740.7669921875 l s q 0 0 0 rg BT 50.00 742.10 Td (General and administrative) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 160.54 742.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (General and administrative costs include director fees and expenses, bad debt expense and other general costs of conducting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (business.) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 692.7669921875 m 174.5849609375 692.7669921875 l s q 0 0 0 rg BT 50.00 694.10 Td (Resear) Tj ET Q q 0 0 0 rg BT 77.40 694.10 Td (ch and development, net) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 174.58 694.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (Research and development expense consists of research relating to various projects including the CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 454.04 680.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.29 682.10 Td ( capture and control ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (market. ) Tj ET Q q 0 0 0 rg BT 82.58 670.10 Td (The Company enters into contracts with the DOE. ) Tj ET Q q 0 0 0 rg BT 285.41 670.10 Td (These contracts are best-ef) Tj ET Q q 0 0 0 rg BT 392.11 670.10 Td (fort-basis contracts and the Company may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (include industry cost-share partners to of) Tj ET Q q 0 0 0 rg BT 213.38 658.10 Td (fset the costs incurred that are anticipated to be in excess of funded amounts from the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (DOE. ) Tj ET Q q 0 0 0 rg BT 75.37 646.10 Td (The Company recognizes amounts funded by the DOE and industry partners under research-and-development-cost-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (sharing arrangements as an of) Tj ET Q q 0 0 0 rg BT 169.22 634.10 Td (fset to the Company's aggregate research and development expenses within the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.86 634.10 Td (Research and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (development, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.87 622.10 Td ( line in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.86 622.10 Td (Consolidated Statements of Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.22 622.10 Td (.) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 596.7669921875 m 173.5107421875 596.7669921875 l s q 0 0 0 rg BT 50.00 598.10 Td (Depr) Tj ET Q q 0 0 0 rg BT 70.18 598.10 Td (eciation and amortization) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 173.51 598.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (Depreciation and amortization expense consists of depreciation expense related to property and equipment and the amortization ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (of long lived intangibles. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (Other Income \(Expense\), net) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 524.7669921875 m 215.7177734375 524.7669921875 l s q 0 0 0 rg BT 50.00 526.10 Td (Earnings fr) Tj ET Q q 0 0 0 rg BT 95.47 526.10 Td (om equity method investments) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 215.72 526.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (Earnings from equity method investments relates to the Company's share of earnings and losses related to its equity method ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (investments. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (The Company's equity method earnings in CCS are positively impacted when CCS obtains an investor in a RC facility and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (receives lease payments from the lessor of the RC facility) Tj ET Q q 0 0 0 rg BT 280.11 466.10 Td (. If CCS operates a retained RC facility) Tj ET Q q 0 0 0 rg BT 436.64 466.10 Td (, the Company's equity method ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (earnings will be negatively impacted as operating retained RC facilities generate operating losses. However) Tj ET Q q 0 0 0 rg BT 480.00 454.10 Td (, the Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (benefits if it is able to utilize net operating losses and tax credits associated with those losses due to the Company's share of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (ownership in CCS. ) Tj ET Q q 0 0 0 rg BT 128.16 430.10 Td (These benefits, if utilized, are reported within the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.09 430.10 Td (Income tax expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.50 430.10 Td ( line item in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.76 430.10 Td (Consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (Statements of Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 151.09 418.10 Td (. ) Tj ET Q q 0 0 0 rg BT 155.54 418.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 179.98 418.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.56 418.10 Td (, we have not been able to utilize tax assets and credits from the production ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (of RC due to our operating losses. ) Tj ET Q q 0 0 0 rg BT 188.69 406.10 Td (The Company's equity method earnings in CCS are negatively impacted due to an annual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (preferred return to which one of the equity owners is entitled. ) Tj ET Q q 0 0 0 rg BT 298.07 394.10 Td (Therefore, the equity earnings available to the common members ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (of CCS net income \(loss\) are equal to CCS's net income less the preferred return due to the equity holder) Tj ET Q q 0 0 0 rg BT 468.64 382.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (RCM6 owns a single RC facility that the Company owned 24.95% of and is managed by CCS, whose economics to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td (Company are consistent with an invested facility discussed above except that the Company was subject to funding its share of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (operating losses during 2014 and 2015. ) Tj ET Q q 0 0 0 rg BT 209.52 334.10 Td (The purchase of RCM6 resulted in the Company recording a basis dif) Tj ET Q q 0 0 0 rg BT 487.89 334.10 Td (ference related to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (fixed assets and identifiable intangible assets. ) Tj ET Q q 0 0 0 rg BT 234.49 322.10 Td (The dif) Tj ET Q q 0 0 0 rg BT 263.47 322.10 Td (ference between the Company's proportionate share of RCM6's net loss ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (and the Company's equity losses relates to the depreciation and amortization expense recorded by the Company related to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (basis dif) Tj ET Q q 0 0 0 rg BT 83.43 298.10 Td (ference. ) Tj ET Q q 0 0 0 rg BT 117.66 298.10 Td (The Company sold its entire ownership interest in RCM6 in the first quarter of 2016. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (CCSS operates and maintains RC facilities under operating and maintenance agreements. CCS or the lessee of the RC facilities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (pays CCSS, subject to certain limitations, the costs of operating and maintaining the RC facilities. CCSS also arranges for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (purchase and delivery of certain chemical additives necessary for the production of refined coal under chemical agency ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td (agreements. ) Tj ET Q q 0 0 0 rg BT 100.35 238.10 Td (The terms of the chemical agency agreements run concurrent with the RC facilities leases. CCSS is also the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (primary beneficiary of certain RC facilities that are ) Tj ET Q q 0 0 0 rg BT 256.95 226.10 Td (VIE's and therefore consolidates such RC facilities. ) Tj ET Q q 0 0 0 rg BT 464.80 226.10 Td (All net income \(loss\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td (associated with these consolidated RC facilities is allocated to the noncontrolling shareholders and therefore does not impact ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (our equity earnings \(loss\) from CCSS.) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 176.76699218750002 m 143.7744140625 176.76699218750002 l s q 0 0 0 rg BT 50.00 178.10 Td (Royalties, r) Tj ET Q q 0 0 0 rg BT 95.73 178.10 Td (elated party) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 143.77 178.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.10 Td (The Company generates royalties from licensing its M-45) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 281.33 169.73 Td (TM) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.13 166.10 Td ( and M-45-PC) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 346.35 169.73 Td (TM) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.15 166.10 Td ( emission control technologies to CCS. Royalties ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.10 Td (are earned based upon \(i\) a percentage of the per) Tj ET Q q 0 0 0 rg BT 244.41 154.10 Td (-ton, pre-tax mar) Tj ET Q q 0 0 0 rg BT 311.70 154.10 Td (gin of RC produced with the M-45 License that produces a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.10 Td (valid and verifiable Section 45 ) Tj ET Q q 0 0 0 rg BT 175.06 142.10 Td (T) Tj ET Q q 0 0 0 rg BT 180.47 142.10 Td (ax Credit, net of certain allocable operating expenses, \(ii\) a percentage of the Section 45 tax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.10 Td (credits claimed, and not invested by a licensee, sublicensee, or licensee af) Tj ET Q q 0 0 0 rg BT 344.70 130.10 Td (filiate using the M-45 License, net of certain allocable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.10 Td (operating expenses and \(iii\) a percentage of the revenue, net of all direct expenses, received by CCS as a direct result of CCS's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.10 Td (exercise of the M-45 License. ) Tj ET Q endstream endobj 79 0 obj <> endobj 80 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (36) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 740.7669921875 m 162.7294921875 740.7669921875 l s q 0 0 0 rg BT 50.00 742.10 Td (Other income \(expense\), net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (The remaining components of other income \(expense\), net include interest income, interest expense and other miscellaneous ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (items. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (The Company records interest expense due to the Company's share of CCS equity method earnings for RC facility leases which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (are treated as installment sales for tax purposes. IRS section 453A) Tj ET Q q 0 0 0 rg BT 314.10 682.10 Td ( requires taxpayers using the installment method to pay an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (interest char) Tj ET Q q 0 0 0 rg BT 98.96 670.10 Td (ge on the portion of the tax liability that was deferred under the installment method. ) Tj ET Q q 0 0 0 rg BT 436.46 670.10 Td (W) Tj ET Q q 0 0 0 rg BT 445.10 670.10 Td (e refer to this as 453A) Tj ET Q q 0 0 0 rg BT 533.13 670.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (interest \("453A) Tj ET Q q 0 0 0 rg BT 111.02 658.10 Td ( interest"\).) Tj ET Q endstream endobj 81 0 obj <> endobj 82 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (37) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Results of Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.25 Td (For comparability purposes, the following tables set forth our results of operations for the periods presented in our annual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.25 Td (financial statements included elsewhere in this Form 10-K. ) Tj ET Q q 0 0 0 rg BT 288.37 718.25 Td (The period-to-period comparison of financial results is not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.25 Td (necessarily indicative of financial results that may be achieved in future periods. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 682.25 Td (Y) Tj ET Q q 0 0 0 rg BT 56.11 682.25 Td (ear) Tj ET Q q 0 0 0 rg BT 69.81 682.25 Td ( ended December) Tj ET Q q 0 0 0 rg BT 143.50 682.25 Td ( 31, 2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 181.00 682.25 Td ( vs. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 197.02 682.25 Td (Y) Tj ET Q q 0 0 0 rg BT 203.13 682.25 Td (ear) Tj ET Q q 0 0 0 rg BT 216.83 682.25 Td ( ended December) Tj ET Q q 0 0 0 rg BT 290.51 682.25 Td ( 31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.01 682.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.25 Td (Our consolidated results comprised the following: ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 621.75 276.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 621.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 621.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 621.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 621.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 621.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 621.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 621.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 621.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 591.75 276.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 591.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 591.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 591.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 591.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 591.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 591.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 591.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 591.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 561.75 276.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 561.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 561.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 561.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 561.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 561.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 561.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 561.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 561.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 531.75 276.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 531.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 531.75 55.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 531.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 531.75 55.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 531.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 531.75 55.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 531.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 531.75 55.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 481.75 276.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 481.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 481.75 55.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 481.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 481.75 55.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 481.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 481.75 55.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 481.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 481.75 55.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 441.75 276.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 441.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 441.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 441.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 441.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 441.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 441.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 441.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 441.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 411.75 276.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 411.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 411.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 411.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 411.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 411.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 411.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 411.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 411.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 381.75 276.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 381.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 381.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 381.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 381.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 381.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 381.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 381.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 381.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 351.75 276.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 351.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 351.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 351.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 351.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 351.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 351.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 351.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 351.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 321.75 276.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 321.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 321.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 321.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 321.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 321.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 321.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 321.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 321.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 291.75 276.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 291.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 291.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 291.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 291.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 291.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 291.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 291.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 291.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 261.75 276.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 261.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 261.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 261.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 261.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 261.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 261.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 261.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 261.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 231.75 276.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 231.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 231.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 231.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 231.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 231.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 231.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 231.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 231.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 201.75 276.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 201.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 201.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 201.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 201.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 201.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 201.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 201.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 201.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 171.75 276.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 171.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 171.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 171.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 171.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 171.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 171.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 171.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 171.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 141.75 276.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 141.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 141.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 141.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 141.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 141.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 141.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 141.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 141.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 111.75 276.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 111.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 111.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 111.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 111.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 111.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 111.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 111.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 111.75 55.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 634.75 m 385.5 634.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 634.75 m 389.5 634.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 634.75 m 444.5 634.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 634.75 m 503.5 634.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 634.75 m 507.5 634.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 634.75 m 562.5 634.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 621.75 m 326.5 621.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 634.75 m 385.5 634.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 621.75 m 385.5 621.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 634.75 m 444.5 634.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 621.75 m 444.5 621.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 621.75 m 503.5 621.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 621.75 m 562.5 621.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 621.75 m 385.5 621.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 621.75 m 444.5 621.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 621.75 m 503.5 621.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 621.75 m 562.5 621.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 561.75 m 385.5 561.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 546.75 m 385.5 546.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 561.75 m 444.5 561.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 546.75 m 444.5 546.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 561.75 m 503.5 561.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 546.75 m 503.5 546.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 366.75 m 385.5 366.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 351.75 m 385.5 351.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 366.75 m 444.5 366.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 351.75 m 444.5 351.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 366.75 m 503.5 366.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 351.75 m 503.5 351.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 351.75 m 385.5 351.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 336.75 m 385.5 336.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 336.75 m 444.5 336.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 336.75 m 503.5 336.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 246.75 m 385.5 246.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 246.75 m 444.5 246.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 246.75 m 503.5 246.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 231.75 m 385.5 231.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 231.75 m 444.5 231.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 231.75 m 503.5 231.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 201.75 m 385.5 201.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 201.75 m 444.5 201.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 201.75 m 503.5 201.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 187.75 m 385.5 187.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 185.75 m 385.5 185.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 201.75 m 444.5 201.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 187.75 m 444.5 187.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 185.75 m 444.5 185.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 201.75 m 503.5 201.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 187.75 m 503.5 187.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 185.75 m 503.5 185.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 341.05 638.98 Td (Years Ended December 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 491.85 638.98 Td (Change) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 53.00 626.00 Td (\() Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 55.66 626.00 Td (in thousands, except per shar) Tj ET Q q 0 0 0 rg BT 149.36 626.00 Td (e data) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 169.13 626.00 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 349.50 625.98 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 408.50 625.98 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 470.80 625.98 Td (\($\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 527.80 625.98 Td (\(%\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 611.42 Td (Revenues:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 596.42 Td (Equipment sales) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.00 596.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.15 596.42 Td (60,099) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.00 596.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.15 596.42 Td (12,044) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.00 596.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 596.42 Td (48,055) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.25 596.42 Td (399) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 596.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 581.42 Td (Consulting services) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.15 581.42 Td (1,752) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.15 581.42 Td (4,488) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.80 581.47 Td (\(2,736) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.65 581.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.95 581.42 Td (\(61) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 581.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 566.42 Td (Chemicals and other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.65 566.42 Td (888) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.65 566.42 Td (391) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 566.42 Td (497) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.25 566.42 Td (127) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 566.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 551.42 Td (Total revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.15 551.42 Td (62,739) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.15 551.42 Td (16,923) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 551.42 Td (45,816) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.25 551.42 Td (271) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 551.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 536.42 Td (Operating expenses:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 521.42 Td (Equipment sales cost of revenue, exclusive of depreciation and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 511.42 Td (amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.15 511.42 Td (45,433) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.15 511.42 Td (9,277) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 511.42 Td (36,156) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.25 511.42 Td (390) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 511.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 496.42 Td (Consulting services cost of revenue, exclusive of depreciation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 486.42 Td (and amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.15 486.42 Td (1,518) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.15 486.42 Td (2,203) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.30 486.47 Td (\(685) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.65 486.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.95 486.42 Td (\(31) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 486.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 471.42 Td (Chemical and other cost of revenue, exclusive of depreciation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 461.42 Td (and amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.65 461.42 Td (601) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.65 461.42 Td (140) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 461.42 Td (461) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.25 461.42 Td (329) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 461.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 446.42 Td (Payroll and benefits) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.15 446.42 Td (23,589) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.15 446.42 Td (20,767) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.15 446.42 Td (2,822) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.30 446.42 Td (14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 446.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 431.42 Td (Rent and occupancy) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.15 431.42 Td (3,309) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.15 431.42 Td (2,468) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 431.42 Td (841) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.30 431.42 Td (34) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 431.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 416.42 Td (Legal and professional fees) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.15 416.42 Td (16,604) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.15 416.42 Td (14,430) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.15 416.42 Td (2,174) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.30 416.42 Td (15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 416.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 401.42 Td (General and administrative) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.15 401.42 Td (6,104) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.15 401.42 Td (6,066) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 401.42 Td (38) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.30 401.42 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 401.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 386.42 Td (Research and development, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.15 386.42 Td (5,362) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.15 386.42 Td (1,521) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.15 386.42 Td (3,841) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.25 386.42 Td (253) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 386.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 371.42 Td (Depreciation and amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.15 371.42 Td (2,019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.15 371.42 Td (1,865) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 371.42 Td (154) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.30 371.42 Td (8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 371.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 356.42 Td (Total operating expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.15 356.42 Td (104,539) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.15 356.42 Td (58,737) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 356.42 Td (45,802) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.30 356.42 Td (78) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 356.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 341.42 Td (Operating loss) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.80 341.47 Td (\(41,800) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.65 341.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.80 341.47 Td (\(41,814) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.65 341.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 341.42 Td (14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.30 341.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 341.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 326.42 Td (Other income \(expense\):) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 311.42 Td (Earnings from equity method investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.15 311.42 Td (8,921) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.15 311.42 Td (42,712) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.80 311.47 Td (\(33,791) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.65 311.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.95 311.42 Td (\(79) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 311.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 296.42 Td (Royalties, related party) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.15 296.42 Td (10,642) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.15 296.42 Td (6,410) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.15 296.42 Td (4,232) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.30 296.42 Td (66) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 296.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 281.42 Td (Interest income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.65 281.42 Td (24) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.65 281.42 Td (74) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.30 281.47 Td (\(50) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.65 281.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.95 281.42 Td (\(68) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 281.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 266.42 Td (Interest expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.80 266.47 Td (\(8,402) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.65 266.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.80 266.47 Td (\(5,725) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.65 266.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.80 266.47 Td (\(2,677) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.65 266.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.30 266.42 Td (47) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 266.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 251.42 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.65 251.42 Td (494) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.65 251.42 Td (26) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 251.42 Td (468) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.75 251.42 Td (1,800) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 251.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 236.42 Td (Total other income \(expense\), net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.15 236.42 Td (11,679) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.15 236.42 Td (43,497) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.80 236.47 Td (\(31,818) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.65 236.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.95 236.42 Td (\(73) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 236.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 221.42 Td (Income \(loss\) before income tax expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.80 221.47 Td (\(30,121) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.65 221.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.15 221.42 Td (1,683) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.80 221.47 Td (\(31,804) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.65 221.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.45 221.42 Td (\(1,890) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 221.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 206.42 Td (Income tax expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.65 206.42 Td (20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.65 206.42 Td (296) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.30 206.47 Td (\(276) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.65 206.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.95 206.42 Td (\(93) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 206.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 191.42 Td (Net income \(loss\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.00 191.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.80 191.47 Td (\(30,141) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.65 191.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.00 191.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.15 191.42 Td (1,387) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.00 191.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.80 191.47 Td (\(31,528) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.65 191.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.45 191.42 Td (\(2,273) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 191.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 176.42 Td (Earnings \(loss\) per common share:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 161.42 Td (Basic) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.00 161.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.80 161.47 Td (\(1.37) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.65 161.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.00 161.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.15 161.42 Td (0.06) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.00 161.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.80 161.47 Td (\(1.43) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.65 161.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.45 161.42 Td (\(2,383) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 161.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 146.42 Td (Diluted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.00 146.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.80 146.47 Td (\(1.37) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.65 146.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.00 146.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.15 146.42 Td (0.06) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.00 146.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.80 146.47 Td (\(1.43) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.65 146.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.45 146.42 Td (\(2,383) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 146.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 131.42 Td (Weighted-average number of common shares outstanding:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 116.42 Td (Basic) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.15 116.42 Td (21,773) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.15 116.42 Td (21,554) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 101.42 Td (Diluted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.15 101.42 Td (21,773) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.15 101.42 Td (22,079) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 83 0 obj <> endobj 84 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (38) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 742.25 Td (otal Revenue and Cost of Revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.25 Td (A) Tj ET Q q 0 0 0 rg BT 56.67 730.25 Td ( summary of the components of our revenue and costs of revenue for the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.33 730.25 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.92 730.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.35 730.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.35 730.25 Td ( is as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.25 Td (follows:) Tj ET Q 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 49.50 681.75 276.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 325.50 681.75 4.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 329.50 681.75 55.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 384.50 681.75 4.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 388.50 681.75 55.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 443.50 681.75 4.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 447.50 681.75 55.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 502.50 681.75 4.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 506.50 681.75 55.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 49.50 651.75 276.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 325.50 651.75 4.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 329.50 651.75 55.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 384.50 651.75 4.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 388.50 651.75 55.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 443.50 651.75 4.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 447.50 651.75 55.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 502.50 651.75 4.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 506.50 651.75 55.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 49.50 621.75 276.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 325.50 621.75 4.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 329.50 621.75 55.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 384.50 621.75 4.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 388.50 621.75 55.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 443.50 621.75 4.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 447.50 621.75 55.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 502.50 621.75 4.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 506.50 621.75 55.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 49.50 591.75 276.00 -25.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 325.50 591.75 4.00 -25.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 329.50 591.75 55.00 -25.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 384.50 591.75 4.00 -25.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 388.50 591.75 55.00 -25.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 443.50 591.75 4.00 -25.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 447.50 591.75 55.00 -25.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 502.50 591.75 4.00 -25.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 506.50 591.75 55.00 -25.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 49.50 541.75 276.00 -25.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 325.50 541.75 4.00 -25.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 329.50 541.75 55.00 -25.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 384.50 541.75 4.00 -25.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 388.50 541.75 55.00 -25.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 443.50 541.75 4.00 -25.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 447.50 541.75 55.00 -25.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 502.50 541.75 4.00 -25.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 506.50 541.75 55.00 -25.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 694.75 m 384.5 694.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 694.75 m 388.5 694.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 694.75 m 443.5 694.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 694.75 m 502.5 694.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 694.75 m 506.5 694.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 694.75 m 561.5 694.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 681.75 m 325.5 681.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 694.75 m 384.5 694.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 681.75 m 384.5 681.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 694.75 m 388.5 694.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 694.75 m 443.5 694.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 681.75 m 443.5 681.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 681.75 m 502.5 681.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 681.75 m 561.5 681.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 681.75 m 384.5 681.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 681.75 m 443.5 681.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 681.75 m 502.5 681.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 681.75 m 561.5 681.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 621.75 m 384.5 621.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 607.75 m 384.5 607.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 605.75 m 384.5 605.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 621.75 m 443.5 621.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 607.75 m 443.5 607.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 605.75 m 443.5 605.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 621.75 m 502.5 621.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 607.75 m 502.5 607.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 605.75 m 502.5 605.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 340.05 698.98 Td (Years Ended December 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 490.85 698.98 Td (Change) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 686.00 Td (\() Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 54.66 686.00 Td (Amounts in thousands except per) Tj ET Q q 0 0 0 rg BT 160.13 686.00 Td (centages) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 188.12 686.00 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 348.50 685.98 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 407.50 685.98 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 469.80 685.98 Td (\($\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 526.80 685.98 Td (\(%\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 672.32 Td (Revenues:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 657.32 Td (Equipment sales) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.00 656.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.15 656.42 Td (60,099) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.00 656.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.15 656.42 Td (12,044) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.00 656.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 656.42 Td (48,055) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.25 656.42 Td (399) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 656.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 642.32 Td (Consulting services) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.15 641.42 Td (1,752) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.15 641.42 Td (4,488) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.80 641.47 Td (\(2,736) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.65 641.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.95 641.42 Td (\(61) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.30 641.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 626.42 Td (Chemicals and other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.65 626.42 Td (888) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.65 626.42 Td (391) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.65 626.42 Td (497) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.25 626.42 Td (127) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 626.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 612.32 Td (Total revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.15 611.42 Td (62,739) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.15 611.42 Td (16,923) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 611.42 Td (45,816) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.25 611.42 Td (271) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 611.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 596.42 Td (Operating expenses:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 581.42 Td (Equipment sales cost of revenue, exclusive of depreciation and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 571.42 Td (amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.15 571.42 Td (45,433) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.15 571.42 Td (9,277) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 571.42 Td (36,156) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.25 571.42 Td (390) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 571.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 556.42 Td (Consulting services cost of revenue, exclusive of depreciation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 546.42 Td (and amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.15 546.42 Td (1,518) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.15 546.42 Td (2,203) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.30 546.47 Td (\(685) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.65 546.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.95 546.42 Td (\(31) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.30 546.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 531.42 Td (Chemical and other cost of revenue, exclusive of depreciation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 521.42 Td (and amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.65 521.42 Td (601) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.65 521.42 Td (140) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.65 521.42 Td (461) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.25 521.42 Td (329) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 521.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 491.9169921875 m 115.8251953125 491.9169921875 l s q 0 0 0 rg BT 50.00 493.25 Td (Equipment sales) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 115.8251953125 491.9169921875 m 264.3115234375 491.9169921875 l s q 0 0 0 rg BT 115.83 493.25 Td ( and Equipment sales cost of r) Tj ET Q q 0 0 0 rg BT 236.56 493.25 Td (evenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 481.25 Td (During the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.52 481.25 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.11 481.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.54 481.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.54 481.25 Td (, we entered into ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.69 481.25 Td (four) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.35 481.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.78 481.25 Td (25) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.78 481.25 Td ( long term \(6 months or longer\) fixed price ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 469.25 Td (contracts to supply ) Tj ET Q q 0 0 0 rg BT 127.49 469.25 Td (ACI systems with aggregate contract values including change orders of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.18 469.25 Td ($5.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.07 469.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.51 469.25 Td ($35.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.40 469.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 457.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 97.66 457.25 Td (. ) Tj ET Q q 0 0 0 rg BT 102.48 457.25 Td (The total value per contract may change due to the relative sizes of ) Tj ET Q q 0 0 0 rg BT 372.09 457.25 Td (ACI systems and the contracts related thereto. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 445.25 Td (During the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.52 445.25 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.11 445.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.54 445.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.54 445.25 Td (, we completed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.86 445.25 Td (32) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.86 445.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.29 445.25 Td (15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.29 445.25 Td ( ) Tj ET Q q 0 0 0 rg BT 368.24 445.25 Td (ACI systems, recognizing revenues of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.20 445.25 Td ($51.7 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 433.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 433.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.33 433.25 Td ($1) Tj ET Q q 0 0 0 rg BT 107.96 433.25 Td (1.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 151.85 433.25 Td ( and costs of revenue of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.59 433.25 Td ($38.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.49 433.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.92 433.25 Td ($8.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.82 433.25 Td (, respectively) Tj ET Q q 0 0 0 rg BT 424.48 433.25 Td (. ) Tj ET Q q 0 0 0 rg BT 429.30 433.25 Td (W) Tj ET Q q 0 0 0 rg BT 437.93 433.25 Td (e recognized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.24 433.25 Td ($0.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.13 433.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 421.25 Td (zero) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.21 421.25 Td ( in loss provisions related to contracts in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 231.07 421.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 251.07 421.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.51 421.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.51 421.25 Td ( related to ) Tj ET Q q 0 0 0 rg BT 332.44 421.25 Td (ACI systems.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 397.25 Td (During the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.52 397.25 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.11 397.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.54 397.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.54 397.25 Td (, we entered into ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.69 397.25 Td (one) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.12 397.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.56 397.25 Td (13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.56 397.25 Td ( long term \(6 months or longer\) fixed price ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 385.25 Td (contracts to supply DSI systems and other material handling equipment with contract values including associated change orders ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 373.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.83 373.25 Td ($2.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.72 373.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 129.16 373.25 Td ($10.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 183.05 373.25 Td (, respectively) Tj ET Q q 0 0 0 rg BT 235.71 373.25 Td (. ) Tj ET Q q 0 0 0 rg BT 240.53 373.25 Td (T) Tj ET Q q 0 0 0 rg BT 245.94 373.25 Td (otal value per contract may change due to the relative sizes of DSI systems the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 361.25 Td (contracts related thereto. During the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.58 361.25 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.17 361.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.60 361.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.60 361.25 Td (, we completed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.92 361.25 Td (seven) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.68 361.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.12 361.25 Td (two) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.12 361.25 Td ( DSI systems and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 349.25 Td (two) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 349.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.44 349.25 Td (five) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.99 349.25 Td ( other material handling equipment systems, recognizing revenues of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.24 349.25 Td ($7.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.13 349.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.57 349.25 Td ($0.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.46 349.25 Td ( and costs of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 337.25 Td (revenue of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.98 337.25 Td ($5.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 143.87 337.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.31 337.25 Td ($0.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 212.20 337.25 Td (, respectively) Tj ET Q q 0 0 0 rg BT 264.86 337.25 Td (. Due to potential cost overruns related to certain DSI projects, we expect ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 325.25 Td (that the future relationship between revenues and costs may be dissimilar from prior results. Certain of the DSI system long-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 313.25 Td (term fixed price contracts were expected to be completed with losses. ) Tj ET Q q 0 0 0 rg BT 329.90 313.25 Td (As a result, cost of sales included ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.98 313.25 Td ($0.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.87 313.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.31 313.25 Td ($0.3 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 301.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 301.25 Td ( in loss provisions related to contracts recognized in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.12 301.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.12 301.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.55 301.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.55 301.25 Td (, respectively) Tj ET Q q 0 0 0 rg BT 401.22 301.25 Td (, related to DSI system contracts. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 277.25 Td (The remaining changes were due to other equipment sales.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 253.25 Td (Due to the timing impacts of using the completed contract method of revenue recognition, our revenue and backlog information ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 241.25 Td (may not be comparable to the information of our competitors, which do not use the completed contract method. For example, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 229.25 Td (due to the lengthy revenue recognition period we may recognize less revenue during a particular period, but have more ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 217.25 Td (backlog. Refer to the calculation of our backlog, included in Item 1 of this Form 10-K filing, to obtain an understanding of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 205.25 Td (future amounts that may be recognized in revenue. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 181.25 Td (Demand for ) Tj ET Q q 0 0 0 rg BT 99.99 181.25 Td (ACI and DSI system contracts during 2013, 2014, and 2015 has been driven by coal fired power plant utilities that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 169.25 Td (need to comply with MA) Tj ET Q q 0 0 0 rg BT 149.43 169.25 Td (TS and MACT) Tj ET Q q 0 0 0 rg BT 209.25 169.25 Td ( standards by 2015. Changes in revenues related to ) Tj ET Q q 0 0 0 rg BT 414.20 169.25 Td (ACI and DSI system contracts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 157.25 Td (fluctuate due to changes in the number of contracts entered into as well as the long-lead time requirements for manufacturing, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 145.25 Td (installation and testing of the equipment and ultimately the timing of revenue being recognized, which is based on substantial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 133.25 Td (completion of the contracts. Sales of ) Tj ET Q q 0 0 0 rg BT 198.02 133.25 Td (ACI and DSI equipment continued to decrease in 2015 as the respective utilities will have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 121.25 Td (needed to comply with the MA) Tj ET Q q 0 0 0 rg BT 173.59 121.25 Td (TS and MACT) Tj ET Q q 0 0 0 rg BT 233.41 121.25 Td ( standards as of that date. However) Tj ET Q q 0 0 0 rg BT 373.24 121.25 Td (, we also believe that a portion of the ) Tj ET Q q 0 0 0 rg BT 523.19 121.25 Td (ACI and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 109.25 Td (DSI system decrease may be of) Tj ET Q q 0 0 0 rg BT 175.61 109.25 Td (fset beginning in 2016 by new equipment product of) Tj ET Q q 0 0 0 rg BT 385.39 109.25 Td (ferings and new industrial customers that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 97.25 Td (did not exist or were not material as of December 31, 2015 and through the date of these financial statements.) Tj ET Q endstream endobj 85 0 obj <> endobj 86 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (39) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 740.7669921875 m 128.603515625 740.7669921875 l s q 0 0 0 rg BT 50.00 742.10 Td (Consulting services) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 128.603515625 740.7669921875 m 289.8681640625 740.7669921875 l s q 0 0 0 rg BT 128.60 742.10 Td ( and Consulting services cost of r) Tj ET Q q 0 0 0 rg BT 262.11 742.10 Td (evenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 718.10 Td (e provided consulting services related to emissions regulations. Revenues ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.23 718.10 Td (decreased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.65 718.10 Td ( year over year due to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.05 718.10 Td (a decrease) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.40 718.10 Td ( in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (average contract revenue, driven by smaller scale consulting contracts with new customers in 2015 and the Company's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (reduction in force of personnel providing consulting services. ) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 668.7669921875 m 133.3251953125 668.7669921875 l s q 0 0 0 rg BT 50.00 670.10 Td (Chemicals and other) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 133.3251953125 668.7669921875 m 295.419921875 668.7669921875 l s q 0 0 0 rg BT 133.33 670.10 Td ( and Chemical and other cost of r) Tj ET Q q 0 0 0 rg BT 267.67 670.10 Td (evenue) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (During the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.52 646.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.11 646.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.54 646.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.54 646.10 Td (, the most significant component of Chemicals and other revenues and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (costs of revenues were chemical sales related to emissions control technologies. Revenues ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.50 634.10 Td (increased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.25 634.10 Td ( year over year due to an) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.09 634.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (increase in average contract revenue. ) Tj ET Q q 0 0 0 rg BT 200.28 622.10 Td (The increase in revenue is also due to the Company's increased focus on selling these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (products to coal-fired power plants to be in compliance with applicable regulations. ) Tj ET Q q 0 0 0 rg BT 386.66 610.10 Td (W) Tj ET Q q 0 0 0 rg BT 395.30 610.10 Td (e believe revenues will continue to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (increase in 2016 with continued focus on this market and providing chemical solutions to potential new customers.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (Additional information related to revenue concentrations and contributions by class and reportable segment can be found ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (within the segment discussion below and in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.92 562.10 Td (Note 18) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.86 562.10 Td ( to the Company's Consolidated Financial Statements.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (Other) Tj ET Q q 0 0 0 rg BT 75.37 538.10 Td ( Operating Expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (A) Tj ET Q q 0 0 0 rg BT 56.67 526.10 Td ( summary of the remaining components of our operating expenses for the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.68 526.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.26 526.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.70 526.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.70 526.10 Td ( is as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 469.60 272.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.50 469.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 469.60 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.50 469.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 469.60 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 469.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 469.60 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 469.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 469.60 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 439.60 272.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.50 439.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 439.60 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.50 439.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 439.60 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 439.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 439.60 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 439.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 439.60 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 409.60 272.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.50 409.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 409.60 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.50 409.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 409.60 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 409.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 409.60 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 409.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 409.60 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 379.60 272.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.50 379.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 379.60 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.50 379.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 379.60 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 379.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 379.60 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 379.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 379.60 56.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 325.5 490.6 m 381.5 490.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381.5 490.6 m 385.5 490.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 490.6 m 441.5 490.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 490.6 m 501.5 490.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 490.6 m 505.5 490.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 490.6 m 561.5 490.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 469.6 m 321.5 469.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 325.5 490.6 m 381.5 490.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 325.5 469.6 m 381.5 469.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381.5 490.6 m 385.5 490.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 490.6 m 441.5 490.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 469.6 m 441.5 469.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 469.6 m 501.5 469.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 469.6 m 561.5 469.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 325.5 364.6 m 381.5 364.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 325.5 350.6 m 381.5 350.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 325.5 348.6 m 381.5 348.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 364.6 m 441.5 364.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 350.6 m 441.5 350.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 348.6 m 441.5 348.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 364.6 m 501.5 364.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 350.6 m 501.5 350.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 348.6 m 501.5 348.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 337.05 494.83 Td (Years Ended December 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 489.85 494.83 Td (Change) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 52.00 473.85 Td (\(in thousands, except percentages\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 345.00 473.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 405.00 473.83 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 468.30 473.83 Td (\($\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 526.30 473.83 Td (\(%\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 460.17 Td (Operating expenses:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 444.27 Td (Payroll and benefits) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.00 444.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.15 444.27 Td (23,589) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.00 444.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.15 444.27 Td (20,767) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.00 444.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.15 444.27 Td (2,822) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 444.27 Td (14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 444.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 429.27 Td (Rent and occupancy) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.15 429.27 Td (3,309) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.15 429.27 Td (2,468) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.65 429.27 Td (841) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 429.27 Td (34) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 429.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 414.27 Td (Legal and professional fees) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.15 414.27 Td (16,604) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.15 414.27 Td (14,430) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.15 414.27 Td (2,174) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 414.27 Td (15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 414.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 399.27 Td (General and administrative) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.15 399.27 Td (6,104) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.15 399.27 Td (6,066) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.65 399.27 Td (38) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 399.27 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 399.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 384.27 Td (Research and development, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.15 384.27 Td (5,362) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.15 384.27 Td (1,521) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.15 384.27 Td (3,841) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.65 384.27 Td (253) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 384.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 369.27 Td (Depreciation and amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.15 369.27 Td (2,019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.15 369.27 Td (1,865) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.65 369.27 Td (154) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 369.27 Td (8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 369.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.00 354.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.15 354.27 Td (56,987) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.00 354.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.15 354.27 Td (47,117) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.00 354.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.15 354.27 Td (9,870) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 354.27 Td (21) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 354.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 324.7669921875 m 130.7275390625 324.7669921875 l s q 0 0 0 rg BT 50.00 326.10 Td (Payr) Tj ET Q q 0 0 0 rg BT 69.07 326.10 Td (oll and benefits) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 130.73 326.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 314.10 Td (Payroll and benefits expenses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 171.08 314.10 Td (increased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 208.83 314.10 Td ( in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.61 314.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.61 314.10 Td ( compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.31 314.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.31 314.10 Td ( due to an increase in restructuring expenses, including the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 302.10 Td (modification and acceleration of equity awards during 2015 in connection with the departure of certain executive of) Tj ET Q q 0 0 0 rg BT 512.98 302.10 Td (ficers and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 290.10 Td (management's alignment of the business with strategic objectives. Restructuring expenses recorded during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.52 290.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.52 290.10 Td ( were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.95 290.10 Td ($8.5 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 278.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 278.10 Td ( compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.59 278.10 Td ($3.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 182.49 278.10 Td ( in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 195.26 278.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 215.26 278.10 Td (, of which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.03 278.10 Td ($3.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.92 278.10 Td ( was due to the accelerated vesting of modified equity-based ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 266.10 Td (compensation awards for certain terminated employees. Incentive compensation in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.77 266.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.77 266.10 Td ( compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.47 266.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.47 266.10 Td ( also ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.58 266.10 Td (increased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.33 266.10 Td ( by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 254.10 Td ($0.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.89 254.10 Td ( due to bonuses awarded during the year) Tj ET Q q 0 0 0 rg BT 259.68 254.10 Td (. ) Tj ET Q q 0 0 0 rg BT 264.50 254.10 Td (These increases are of) Tj ET Q q 0 0 0 rg BT 352.88 254.10 Td (fset by a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.25 254.10 Td (decrease) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.67 254.10 Td ( in overall and executive head ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 242.10 Td (count by approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 147.48 242.10 Td (30%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 165.81 242.10 Td ( related to the reduction in force and management's realignment of the business. ) Tj ET Q q 0 0 0 rg BT 487.32 242.10 Td (W) Tj ET Q q 0 0 0 rg BT 495.96 242.10 Td (e expect to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 230.10 Td (record additional char) Tj ET Q q 0 0 0 rg BT 137.55 230.10 Td (ges in 2016 associated with these events. ) Tj ET Q q 0 0 0 rg BT 303.08 230.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 352.98 230.10 Td (, as discussed in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.92 230.10 Td (Note 22) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.86 230.10 Td ( to the Company's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 218.10 Td (Consolidated Financial Statements, the Company undertook an additional reduction in force in the second quarter of 2016.) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 192.76699218750002 m 131.0791015625 192.76699218750002 l s q 0 0 0 rg BT 50.00 194.10 Td (Rent and occupancy) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 131.08 194.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 182.10 Td (Rent and occupancy expenses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.18 182.10 Td (increased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.93 182.10 Td ( in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.71 182.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.71 182.10 Td ( compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.41 182.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.41 182.10 Td ( primarily due to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.84 182.10 Td ($0.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.73 182.10 Td ( in lease termination costs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 170.10 Td (incurred in 2015 associated with the facility closure located in McKeesport, P) Tj ET Q q 0 0 0 rg BT 360.10 170.10 Td (A) Tj ET Q q 0 0 0 rg BT 366.77 170.10 Td ( and an increase in insurance expense. ) Tj ET Q q 0 0 0 rg BT 521.52 170.10 Td (These ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 158.10 Td (increases were partially of) Tj ET Q q 0 0 0 rg BT 155.04 158.10 Td (fset by the Company terminating a lease relating to warehouse space in the third quarter of 2015 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 146.10 Td (resulting in a $0.1 million reduction of expense. Subsequent to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.29 146.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.88 146.10 Td (, and in connection with the aforementioned ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 134.10 Td (realignment of the Company's operations, the Company entered into an agreement to terminate various lease agreements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 122.10 Td (covering approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 147.74 122.10 Td (207 thousand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 201.35 122.10 Td ( square feet of manufacturing, warehouse and of) Tj ET Q q 0 0 0 rg BT 394.42 122.10 Td (fice space located in Pennsylvania. ) Tj ET Q q 0 0 0 rg BT 536.04 122.10 Td (As ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 110.10 Td (consideration for terminating the leases, the Company agreed to pay the lessor termination fees of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.76 110.10 Td ($0.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.66 110.10 Td ( in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.88 110.10 Td (April 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.49 110.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 98.10 Td (and the same amount in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 146.92 98.10 Td (April 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 190.53 98.10 Td (. ) Tj ET Q q 0 0 0 rg BT 194.98 98.10 Td (As a result, future minimum commitments under leases and annual rent expense will be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 86.10 Td (reduced by approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.90 86.10 Td ($0.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 205.80 86.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 225.23 86.10 Td ($0.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.13 86.10 Td ( for the years ended December 31, 2016 and 2017, respectively) Tj ET Q q 0 0 0 rg BT 526.16 86.10 Td (. ) Tj ET Q endstream endobj 87 0 obj <> endobj 88 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (40) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 740.7669921875 m 159.90234375 740.7669921875 l s q 0 0 0 rg BT 50.00 742.10 Td (Legal and pr) Tj ET Q q 0 0 0 rg BT 101.30 742.10 Td (ofessional fees) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 159.90 742.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (Legal and professional fees expenses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 200.78 730.10 Td (increased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.53 730.10 Td ( by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.53 730.10 Td ($2.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.42 730.10 Td ( in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 315.20 730.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.20 730.10 Td ( compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.90 730.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.90 730.10 Td ( as a result of the significant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (professional resources deployed to address the Restatement of our consolidated financial statements included in our ) Tj ET Q q 0 0 0 rg BT 514.59 718.10 Td (Annual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (Report on Form 10-K for the fiscal year ended December 31, 2014, including the ongoing SEC Inquiry) Tj ET Q q 0 0 0 rg BT 462.04 706.10 Td (, which individually ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (increased expenses by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.35 694.10 Td ($3.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 190.24 694.10 Td (, resulting in total ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.29 694.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.29 694.10 Td ( Restatement expenses of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.15 694.10 Td ($9.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.04 694.10 Td (. Other increases related to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (legal fees of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.36 682.10 Td ($0.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 150.25 682.10 Td (, and consulting fees of approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.04 682.10 Td ($2.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.94 682.10 Td ( most significantly related to strategic advisory ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (services and information technology services. ) Tj ET Q q 0 0 0 rg BT 235.32 670.10 Td (These increases were of) Tj ET Q q 0 0 0 rg BT 330.92 670.10 Td (fset by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.36 670.10 Td ($3.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.25 670.10 Td ( decrease in professional fees for a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (residual payment agreement with a former consultant who was involved in the development and deployment of RC ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (technologies and expenses related to the termination of the consulting agreement with the former owner of the DSI equipment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (assets acquired by BCSI \("DSI Business Owner"\) as described in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.12 634.10 Td (Note 9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.06 634.10 Td ( of the Consolidated Financial Statements. ) Tj ET Q q 0 0 0 rg BT 511.79 634.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (remaining decrease of $0.9 million was due to decreases in various professional fees during 2015 compared to 2014. During ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (February 2016, the Company entered into an agreement with the DSI Business Owner to settle the remaining amounts owed as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (of the date of the agreement of approximately $) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 240.48 598.10 Td (1.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.37 598.10 Td ( for $) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.03 598.10 Td (0.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.92 598.10 Td (.) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 572.7669921875 m 160.5419921875 572.7669921875 l s q 0 0 0 rg BT 50.00 574.10 Td (General and administrative) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 160.54 574.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (General and administrative expenses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 199.39 562.10 Td (increased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.14 562.10 Td ( in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.92 562.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.92 562.10 Td ( compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.62 562.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.62 562.10 Td ( primarily due to modest increases in general ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (operating expenses. ) Tj ET Q q 0 0 0 rg BT 131.18 550.10 Td (W) Tj ET Q q 0 0 0 rg BT 139.82 550.10 Td (e expect the general and administrative expenses in 2016 to remain consistent with expenses in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.21 550.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.21 550.10 Td (. ) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 524.7669921875 m 174.5849609375 524.7669921875 l s q 0 0 0 rg BT 50.00 526.10 Td (Resear) Tj ET Q q 0 0 0 rg BT 77.40 526.10 Td (ch and development, net) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 174.58 526.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (Research and development expense ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 194.94 514.10 Td (increased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 232.70 514.10 Td ( in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 245.47 514.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.47 514.10 Td ( compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.18 514.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.18 514.10 Td ( mostly due to our investment in ) Tj ET Q q 0 0 0 rg BT 471.56 514.10 Td (ADA) Tj ET Q q 0 0 0 rg BT 492.67 514.10 Td ( ) Tj ET Q q 0 0 0 rg BT 494.62 514.10 Td (Analytics. ) Tj ET Q q 0 0 0 rg BT 537.76 514.10 Td (W) Tj ET Q q 0 0 0 rg BT 546.40 514.10 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (recorded gross R&D expenses of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.69 502.10 Td ($6.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.58 502.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.02 502.10 Td ($3.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.91 502.10 Td ( in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.69 502.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.69 502.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.13 502.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.13 502.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 426.79 502.10 Td (, of) Tj ET Q q 0 0 0 rg BT 439.94 502.10 Td (fset by reimbursements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (received from the DOE and industry cost share partners of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.03 490.10 Td ($1.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.92 490.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.36 490.10 Td ($2.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.25 490.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 455.91 490.10 Td (. ) Tj ET Q q 0 0 0 rg BT 460.73 490.10 Td (W) Tj ET Q q 0 0 0 rg BT 469.37 490.10 Td (e incurred expenses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (related to our investment in ) Tj ET Q q 0 0 0 rg BT 161.92 478.10 Td (ADA) Tj ET Q q 0 0 0 rg BT 183.03 478.10 Td ( ) Tj ET Q q 0 0 0 rg BT 184.98 478.10 Td (Analytics of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.64 478.10 Td ($2.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 285.53 478.10 Td (, of which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.30 478.10 Td ($1.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.19 478.10 Td ( related to the impairment char) Tj ET Q q 0 0 0 rg BT 500.01 478.10 Td (ge we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (recognized in the third quarter of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.39 466.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 204.39 466.10 Td (. ) Tj ET Q q 0 0 0 rg BT 208.84 466.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 258.74 466.10 Td (, we incurred $1.2 million related to a liquefied natural gas project that the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (Company was helping fund during 2015, which has subsequently been terminated. Due to changes related to management's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (alignment of the business with strategic objectives during 2015, we plan to cease on non-essential research and development ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (activities and expect that future research and development expenses will be significantly less that historical expenses.) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 404.7669921875 m 173.5107421875 404.7669921875 l s q 0 0 0 rg BT 50.00 406.10 Td (Depr) Tj ET Q q 0 0 0 rg BT 70.18 406.10 Td (eciation and amortization) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 173.51 406.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (Depreciation and amortization expense ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 208.82 394.10 Td (increased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.58 394.10 Td ( in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.36 394.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.36 394.10 Td ( compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.06 394.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.06 394.10 Td ( due to amortization of the Highview technology ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (license and asset additions. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (Other) Tj ET Q q 0 0 0 rg BT 75.37 358.10 Td ( Income \(Expense\), net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td (A) Tj ET Q q 0 0 0 rg BT 56.67 346.10 Td ( summary of the components of our other income \(expenses\), net for the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.23 346.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.81 346.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.25 346.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.25 346.10 Td ( is as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 289.60 276.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 289.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 289.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 289.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 289.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 289.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 289.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 289.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 289.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 259.60 276.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 259.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 259.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 259.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 259.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 259.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 259.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 259.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 259.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 229.60 276.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 229.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 229.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 229.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 229.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 229.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 229.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 229.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 229.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 199.60 276.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 199.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 199.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 199.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 199.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 199.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 199.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 199.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 199.60 55.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 310.6 m 384.5 310.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 310.6 m 388.5 310.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 310.6 m 443.5 310.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 310.6 m 502.5 310.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 310.6 m 506.5 310.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 310.6 m 561.5 310.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 289.6 m 325.5 289.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 310.6 m 384.5 310.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 289.6 m 384.5 289.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 310.6 m 388.5 310.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 310.6 m 443.5 310.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 289.6 m 443.5 289.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 289.6 m 502.5 289.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 289.6 m 561.5 289.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 289.6 m 384.5 289.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 289.6 m 443.5 289.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 289.6 m 502.5 289.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 289.6 m 561.5 289.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 199.60000000000002 m 384.5 199.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 185.60000000000002 m 384.5 185.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 183.60000000000002 m 384.5 183.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 199.60000000000002 m 443.5 199.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 185.60000000000002 m 443.5 185.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 183.60000000000002 m 443.5 183.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 199.60000000000002 m 502.5 199.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 185.60000000000002 m 502.5 185.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 183.60000000000002 m 502.5 183.60000000000002 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 340.05 314.83 Td (Years Ended December 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 490.85 314.83 Td (Change) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 52.00 293.85 Td (\(Amounts in thousands, except percentages\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 348.50 293.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 407.50 293.83 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 469.80 293.83 Td (\($\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 526.80 293.83 Td (\(%\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 280.17 Td (Other income \(expense\):) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 265.17 Td (Earnings from equity method investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.00 264.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.15 264.27 Td (8,921) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.00 264.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.15 264.27 Td (42,712) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.00 264.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.80 264.32 Td (\(33,791) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.65 264.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.95 264.27 Td (\(79) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.30 264.27 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 250.17 Td (Royalties, related party) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.15 249.27 Td (10,642) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.15 249.27 Td (6,410) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.15 249.27 Td (4,232) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.30 249.27 Td (66) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 249.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 235.17 Td (Interest income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.65 234.27 Td (24) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.65 234.27 Td (74) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.30 234.32 Td (\(50) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.65 234.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.95 234.27 Td (\(68) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.30 234.27 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 220.17 Td (Interest expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.80 219.32 Td (\(8,402) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.65 219.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.80 219.32 Td (\(5,725) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.65 219.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.80 219.32 Td (\(2,677) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.65 219.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.30 219.27 Td (47) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 219.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 205.17 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.65 204.27 Td (494) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.65 204.27 Td (26) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.65 204.27 Td (468) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.75 204.27 Td (1,800) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 204.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 190.17 Td (Total other income \(expense\), net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.00 189.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.15 189.27 Td (11,679) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.00 189.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.15 189.27 Td (43,497) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.00 189.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.80 189.32 Td (\(31,818) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.65 189.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.95 189.27 Td (\(73) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.30 189.27 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 89 0 obj <> endobj 90 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (41) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 740.7669921875 m 204.9755859375 740.7669921875 l s q 0 0 0 rg BT 50.00 742.10 Td (Earnings in equity method investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (The following table presents the equity method earnings, by investee, recognized by the Company:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 693.60 256.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 305.50 693.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.50 693.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 693.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 693.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 693.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 693.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 693.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 693.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 663.60 256.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 305.50 663.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.50 663.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 663.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 663.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 663.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 663.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 663.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 663.60 60.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309.5 706.6 m 369.5 706.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 706.6 m 497.5 706.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 706.6 m 501.5 706.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 706.6 m 561.5 706.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 693.6 m 305.5 693.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309.5 706.6 m 369.5 706.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309.5 693.6 m 369.5 693.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 706.6 m 433.5 706.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 693.6 m 433.5 693.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 693.6 m 497.5 693.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 693.6 m 561.5 693.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 693.6 m 433.5 693.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309.5 648.6 m 369.5 648.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309.5 634.6 m 369.5 634.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309.5 632.6 m 369.5 632.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 648.6 m 433.5 648.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 634.6 m 433.5 634.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 632.6 m 433.5 632.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 648.6 m 497.5 648.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 634.6 m 497.5 634.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 632.6 m 497.5 632.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 329.60 710.83 Td (Year ended December 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 485.85 710.83 Td (Change) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 52.00 697.85 Td (\(in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 331.00 697.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 395.00 697.83 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 462.30 697.83 Td (\($\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 524.30 697.83 Td (\(%\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 684.17 Td (Earnings from CCS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.00 683.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.15 683.27 Td (8,651) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.00 683.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 683.27 Td (43,584) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.00 683.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.80 683.32 Td (\(34,933) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.65 683.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.95 683.27 Td (\(80) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.30 683.27 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 669.17 Td (Earnings from CCSS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.15 668.27 Td (4,838) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.15 668.27 Td (3,625) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 668.27 Td (1,213) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.30 668.27 Td (33) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 668.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 654.17 Td (Loss from RCM6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.80 653.32 Td (\(4,568) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.65 653.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.80 653.32 Td (\(4,497) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.65 653.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.30 653.32 Td (\(71) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.65 653.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.30 653.27 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 653.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 638.27 Td (Earnings from equity method investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.00 638.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.15 638.27 Td (8,921) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.00 638.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 638.27 Td (42,712) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.00 638.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.80 638.32 Td (\(33,791) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.65 638.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.95 638.27 Td (\(79) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.30 638.27 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (Earnings from equity method investments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 220.25 610.10 Td (decreased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.66 610.10 Td ( in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.44 610.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.44 610.10 Td ( compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.14 610.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.14 610.10 Td ( primarily due to decreases in cash distributions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (from CCS. ) Tj ET Q q 0 0 0 rg BT 95.66 598.10 Td (The weighted-average number of invested RC facilities, based upon the number of months each facility was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (invested during the respective years, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.28 586.10 Td (increased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.04 586.10 Td ( year over year) Tj ET Q q 0 0 0 rg BT 295.17 586.10 Td (. ) Tj ET Q q 0 0 0 rg BT 299.99 586.10 Td (The number of invested RC facilities that were generating rental ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (income as of December 31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 162.18 574.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 182.18 574.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 201.62 574.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.62 574.10 Td (, were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.54 574.10 Td (12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.54 574.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.98 574.10 Td (12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.98 574.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 340.64 574.10 Td (. ) Tj ET Q q 0 0 0 rg BT 345.46 574.10 Td (The weighted-average number of retained RC ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (facilities, based upon the number of months each facility was retained during the respective years, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.58 562.10 Td (increased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.34 562.10 Td ( year over year) Tj ET Q q 0 0 0 rg BT 541.47 562.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (However) Tj ET Q q 0 0 0 rg BT 86.25 550.10 Td (, the number of retained RC facilities that were generating PTCs and other tax benefits as of December 31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.27 550.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.27 550.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 538.10 Td (, were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 96.93 538.10 Td (two) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 111.93 538.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 131.37 538.10 Td (five) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 146.91 538.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 199.58 538.10 Td (. During the fourth quarter of 2015, CCS suspended full-time operation of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.85 538.10 Td (three) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.84 538.10 Td ( retained ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (facilities while it awaits final commitments for the purchase or lease of such facilities by tax equity investors.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 502.10 Td (e recognized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 111.94 502.10 Td ($8.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 160.83 502.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 180.27 502.10 Td ($43.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 234.16 502.10 Td ( of equity income from CCS for the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.11 502.10 Td (December 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.70 502.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.13 502.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.13 502.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (compared to our proportionate share of CCS' net income of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.52 490.10 Td ($35.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.41 490.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.85 490.10 Td ($26.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.74 490.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 469.40 490.10 Td (. ) Tj ET Q q 0 0 0 rg BT 474.22 490.10 Td (The dif) Tj ET Q q 0 0 0 rg BT 503.19 490.10 Td (ference ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (between our pro-rata share of CCS's net income \(loss\) and our earnings from our CCS equity method investment as reported on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (our Consolidated Statements of Operations relates to the Company receiving cumulative distributions in excess of our share of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (cumulative CCS earnings, and therefore recognizing such excess distributions as equity method earnings in the period the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (distributions occur) Tj ET Q q 0 0 0 rg BT 124.16 442.10 Td (. ) Tj ET Q q 0 0 0 rg BT 128.61 442.10 Td (As was the case in 2015, when CCS subsequently reports net income, we will only recognize income to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (extent of cash distributions, until such time as the cumulative amount of earnings equals the cumulative amount of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (distributions; thereafter) Tj ET Q q 0 0 0 rg BT 143.18 418.10 Td (, we will recognize our proportionate share of net income \(loss\). ) Tj ET Q q 0 0 0 rg BT 402.08 418.10 Td (The following table presents the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (Company's investment balance, equity earnings, cash distributions received and cash distributions in excess of the investment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (balance for the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.88 394.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 240.47 394.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.91 394.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.91 394.10 Td ( \() Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 285.74 394.10 Td (in thousands) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.58 394.10 Td (\). ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 330.60 194.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 243.50 330.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 247.50 330.60 62.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.50 330.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.50 330.60 55.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 368.50 330.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.50 330.60 55.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 330.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 330.60 55.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 330.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 330.60 71.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 284.60 194.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 243.50 284.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 247.50 284.60 62.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.50 284.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.50 284.60 55.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 368.50 284.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.50 284.60 55.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 284.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 284.60 55.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 284.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 284.60 71.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 247.60 194.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 243.50 247.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 247.50 247.60 62.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.50 247.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.50 247.60 55.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 368.50 247.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.50 247.60 55.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 247.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 247.60 55.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 247.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 247.60 71.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 201.60 194.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 243.50 201.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 247.50 201.60 62.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.50 201.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.50 201.60 55.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 368.50 201.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.50 201.60 55.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 201.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 201.60 55.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 201.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 201.60 71.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 155.60 194.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 243.50 155.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 247.50 155.60 62.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.50 155.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.50 155.60 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 368.50 155.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.50 155.60 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 155.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 155.60 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 155.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 155.60 71.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 118.60 194.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 243.50 118.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 247.50 118.60 62.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.50 118.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.50 118.60 55.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 368.50 118.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.50 118.60 55.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 118.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 118.60 55.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 118.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 118.60 71.00 -23.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 330.6 m 243.5 330.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 247.5 330.6 m 309.5 330.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313.5 330.6 m 368.5 330.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372.5 330.6 m 427.5 330.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 330.6 m 486.5 330.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 330.6 m 561.5 330.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313.5 224.60000000000002 m 368.5 224.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372.5 224.60000000000002 m 427.5 224.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 224.60000000000002 m 486.5 224.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 224.60000000000002 m 561.5 224.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313.5 118.60000000000002 m 368.5 118.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313.5 96.60000000000002 m 368.5 96.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313.5 94.60000000000002 m 368.5 94.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372.5 118.60000000000002 m 427.5 118.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372.5 96.60000000000002 m 427.5 96.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372.5 94.60000000000002 m 427.5 94.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 118.60000000000002 m 486.5 118.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 96.60000000000002 m 486.5 96.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 94.60000000000002 m 486.5 94.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 118.60000000000002 m 561.5 118.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 96.60000000000002 m 561.5 96.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 94.60000000000002 m 561.5 94.60000000000002 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 126.20 334.83 Td (Description) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 265.75 334.83 Td (Date\(s\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 321.35 342.83 Td (Investment) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 327.35 334.83 Td (balance) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 377.15 350.83 Td (ADES equity) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 384.80 342.83 Td (earnings) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 390.60 334.83 Td (\(loss\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 449.80 342.83 Td (Cash) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 436.70 334.83 Td (distributions) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 498.25 374.83 Td (Memo Account:) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 494.00 366.83 Td (Cash distributions) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 495.80 358.83 Td (and equity loss in) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 508.05 350.83 Td (\(excess\) of) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 506.80 342.83 Td (investment) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 512.35 334.83 Td (balance) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 321.06 Td (Total investment balance, equity earnings \(loss\) and) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 312.06 Td (cash distributions) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 264.95 312.06 Td (12/31/2013) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 316.00 312.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 356.00 312.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 375.00 312.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 399.25 312.06 Td (13,813) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 434.00 312.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 458.25 312.06 Td (13,813) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 493.00 312.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 530.25 312.06 Td (\(12,906) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.00 312.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.00 298.06 Td (ADES proportionate share of income from CCS) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.00 289.06 Td (\(1\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 258.75 289.06 Td (2014 activity) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 340.25 289.06 Td (26,613) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 399.25 289.06 Td (26,613) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.00 289.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.00 289.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.00 275.06 Td (Recovery of cash distributions in excess of) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.00 266.06 Td (investment balance \(prior to cash distributions\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 258.75 266.06 Td (2014 activity) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 337.25 266.06 Td (\(12,906) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 365.00 266.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 396.25 266.06 Td (\(12,906) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 424.00 266.06 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 474.00 266.05 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.25 266.06 Td (12,906) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.00 252.06 Td (Current year cash distributions from CCS) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 258.75 252.06 Td (2014 activity) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 337.25 252.06 Td (\(43,584) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 365.00 252.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 415.00 252.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 458.25 252.06 Td (43,584) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.00 252.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.00 238.06 Td (Adjustment for current year cash distributions in) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.00 229.06 Td (excess of investment balance) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 258.75 229.06 Td (2014 activity) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 340.25 229.06 Td (29,877) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 399.25 229.06 Td (29,877) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.00 229.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 530.25 229.06 Td (\(29,877) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.00 229.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 215.06 Td (Total investment balance, equity earnings \(loss\) and) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 206.06 Td (cash distributions) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 264.95 206.06 Td (12/31/2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 356.00 206.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 399.25 206.06 Td (43,584) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 458.25 206.06 Td (43,584) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 530.25 206.06 Td (\(29,877) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.00 206.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.00 192.06 Td (ADES proportionate share of income from CCS) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.00 183.06 Td (\(1\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 258.75 183.06 Td (2015 activity) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 340.25 183.06 Td (35,265) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 399.25 183.06 Td (35,265) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.00 183.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.00 183.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.00 169.06 Td (Recovery of cash distributions in excess of) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.00 160.06 Td (investment balance \(prior to cash distributions\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 258.75 160.06 Td (2015 activity) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 337.25 160.06 Td (\(29,877) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 365.00 160.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 396.25 160.06 Td (\(29,877) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 424.00 160.06 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 474.00 160.05 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.25 160.06 Td (29,877) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.00 146.06 Td (Current year cash distributions from CCS) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 258.75 146.06 Td (2015 activity) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 341.75 146.06 Td (\(8,651) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 365.00 146.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 415.00 146.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 462.75 146.06 Td (8,651) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.00 146.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.00 132.06 Td (Adjustment for current year cash distributions in) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.00 123.06 Td (excess of investment balance) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 258.75 123.06 Td (2015 activity) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 344.75 123.06 Td (3,263) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 403.75 123.06 Td (3,263) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.00 123.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.75 123.06 Td (\(3,263) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.00 123.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 109.06 Td (Total investment balance, equity earnings and cash) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 100.06 Td (distributions) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 264.95 100.06 Td (12/31/2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 316.00 100.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 356.00 100.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 375.00 100.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 403.75 100.06 Td (8,651) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 434.00 100.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 462.75 100.06 Td (8,651) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 493.00 100.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.75 100.06 Td (\(3,263) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.00 100.06 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 67.10 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 63.98 67.10 Td (The amounts of the Company's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 191.04 67.10 Td (42.5%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 216.87 67.10 Td ( proportionate share of net income as shown in the table above dif) Tj ET Q q 0 0 0 rg BT 480.50 67.10 Td (fer from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 55.10 Td (mathematical calculations of the Company) Tj ET Q q 0 0 0 rg BT 223.83 55.10 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 230.22 55.10 Td (42.5%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.05 55.10 Td ( equity interest in CCS multiplied by the amounts of Net Income available ) Tj ET Q endstream endobj 91 0 obj <> endobj 92 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (42) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (to Class ) Tj ET Q q 0 0 0 rg BT 83.90 742.10 Td (A) Tj ET Q q 0 0 0 rg BT 90.57 742.10 Td ( members as shown in the table above of CCS results of operations due to adjustments related to the Redeemable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (Class B preferred return and the elimination of CCS earnings attributable to RCM6, of which the Company owned ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.74 730.10 Td (24.95%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.57 730.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (during the years ended December 31, 2015 and 2014. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (CCS distributed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 116.67 694.10 Td ($8.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 165.57 694.10 Td ( in cash during 2015 that we recognized as equity method earnings, compared to distributions and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (earnings of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.21 682.10 Td ($43.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 151.10 682.10 Td ( during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 182.21 682.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 202.21 682.10 Td (. ) Tj ET Q q 0 0 0 rg BT 206.66 682.10 Td (As of December 31, 2015, our cumulative distributions exceed our proportionate share ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (of cumulative CCS earnings by approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.30 670.10 Td ($3.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.19 670.10 Td (. ) Tj ET Q q 0 0 0 rg BT 291.64 670.10 Td (As such, we will continue to recognize future distributions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (received from CCS as equity method earnings until such a time as cumulative earnings equal or exceed cumulative ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (distributions. ) Tj ET Q q 0 0 0 rg BT 104.82 646.10 Td (Thereafter) Tj ET Q q 0 0 0 rg BT 146.05 646.10 Td (, we will recognize our proportionate share of CCS' earnings \(losses\) in each period, so long as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (distributions received in such period do not exceed our proportionate share of CCS' earnings \(losses\) for the period. ) Tj ET Q q 0 0 0 rg BT 514.56 634.10 Td (W) Tj ET Q q 0 0 0 rg BT 523.20 634.10 Td (e expect ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (an increase in equity method earnings in 2016 due to expected increases in cash distributions from CCS. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (While CCS recognized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 144.70 598.10 Td ($87.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.59 598.10 Td ( in earnings allocable to Class ) Tj ET Q q 0 0 0 rg BT 320.23 598.10 Td (A) Tj ET Q q 0 0 0 rg BT 326.90 598.10 Td ( shareholders during 2015, of which our proportionate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (share totaled approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.57 586.10 Td ($35.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.46 586.10 Td (, CCS's distributions were severely limited and restricted primarily by capital ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (expenditures, changes in working capital items, and other requirements for cash to be retained within the business. ) Tj ET Q q 0 0 0 rg BT 510.24 574.10 Td (The CCS ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (consolidated financial statements as of December 31, 2015 and 2014, and for the years ended December 31, 2015, 2014 and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (2013, are included within Item 15 of this Form 10-K. ) Tj ET Q q 0 0 0 rg BT 264.97 550.10 Td (As compared to distributions received in 2014, CCS distributions in 2015 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (were also limited by a reduction in the number of closings of sales or leases of qualified facilities to new tax equity investors, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (which closing generally include upfront purchase price payments that have historically been immediately distributed to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (equity owners of CCS, including us. ) Tj ET Q q 0 0 0 rg BT 197.22 514.10 Td (A) Tj ET Q q 0 0 0 rg BT 203.89 514.10 Td ( substantial portion of the 2014 distributions received from CCS were due to such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (upfront purchases price or lease payments that were received by CCS as a result of closings of sales or leases of qualified ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (facilities to new tax equity investors. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (Equity earnings from our interest in CCSS ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.49 466.10 Td (increased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.24 466.10 Td ( by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.24 466.10 Td ($1.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.13 466.10 Td ( in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.91 466.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.91 466.10 Td ( as compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.44 466.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.44 466.10 Td (, primarily due to an increase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (in the number of RC facilities being operated by CCSS throughout the year) Tj ET Q q 0 0 0 rg BT 350.50 454.10 Td (. ) Tj ET Q q 0 0 0 rg BT 355.32 454.10 Td (The weighted-average number of RC facilities for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (which CCSS had operating and maintenance agreements in place, based upon the number of months each facility was operated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (during the respective years, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 162.46 430.10 Td (increased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 200.21 430.10 Td ( year over year) Tj ET Q q 0 0 0 rg BT 259.34 430.10 Td (. ) Tj ET Q q 0 0 0 rg BT 263.79 430.10 Td (As of December 31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.82 430.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.82 430.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.25 430.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.25 430.10 Td (, CCSS had operating and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (maintenance agreements with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 171.34 418.10 Td (14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 181.34 418.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 200.78 418.10 Td (17) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 210.78 418.10 Td ( RC facilities, respectively) Tj ET Q q 0 0 0 rg BT 316.21 418.10 Td (. CCSS derives earnings both from fixed-fee arrangements as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (well as fees that are tied to actual RC production, depending upon the specific RC facility operating and maintenance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (agreement.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (During February 2014, we purchased a membership interest in RCM6 and recognized equity method losses resulting from the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (operation of the RC facility owned by RCM6, which generated tax credits and tax benefits available to the Company) Tj ET Q q 0 0 0 rg BT 516.17 358.10 Td (. On March ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td (3, 2016, the Company sold its entire ownership interest in RCM6. ) Tj ET Q q 0 0 0 rg BT 315.91 346.10 Td (The Company received a cash payment of $1.8 million ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (related to the sale and has no future obligations related to previously recorded notes payable. However) Tj ET Q q 0 0 0 rg BT 459.46 334.10 Td (, the Company will still ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (be positively impacted by the RCM6 RC facility in that it will receive it pro-rata share of future income and cash distributions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (through its ownership in CCS. ) Tj ET Q q 0 0 0 rg BT 173.72 310.10 Td (The future income and cash distribution will be generated from the RCM6 RC facility lease ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (payments made to CCS.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (Although all of our deferred tax assets have a full valuation allowance recorded against them as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.69 274.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.27 274.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 262.10 Td (, we earned the following tax credits which may be available for future benefit related to the operation of retained RC ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (facilities: ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 213.60 354.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 213.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 213.60 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.50 213.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 213.60 75.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 226.60000000000002 m 482.5 226.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 226.60000000000002 m 486.5 226.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 226.60000000000002 m 561.5 226.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 213.60000000000002 m 403.5 213.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 226.60000000000002 m 482.5 226.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 213.60000000000002 m 482.5 213.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 226.60000000000002 m 486.5 226.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 213.60000000000002 m 486.5 213.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 226.60000000000002 m 561.5 226.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 213.60000000000002 m 561.5 213.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 213.60000000000002 m 403.5 213.60000000000002 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 438.05 230.83 Td (Years Ended December 31,) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 52.00 217.85 Td (\(in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 436.50 217.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 515.50 217.83 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 203.27 Td (IRC Section 45 tax credits earned) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.00 203.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.15 203.27 Td (38,998) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.00 203.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 203.27 Td (25,817) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 175.10 Td (As discussed in Item 1, CCS operates and leases or sells facilities used in the production of RC to third party tax equity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 163.10 Td (investors. ) Tj ET Q q 0 0 0 rg BT 90.56 163.10 Td (All dispositions of such facilities are treated as sales for federal income tax purposes at CCS. ) Tj ET Q q 0 0 0 rg BT 464.44 163.10 Td (The resulting gain from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 151.10 Td (these sales is reported by CCS pursuant to the installment method under IRC Section 453. ) Tj ET Q q 0 0 0 rg BT 411.62 151.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.06 151.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.65 151.10 Td (, ) Tj ET Q q 0 0 0 rg BT 519.10 151.10 Td (ADA) Tj ET Q q 0 0 0 rg BT 539.65 151.10 Td () Tj ET Q q 0 0 0 rg BT 542.43 151.10 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 139.10 Td (allocable share of the gross deferred installment gain from CCS to be recognized in future years is approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.41 139.10 Td ($336 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 556.80 139.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 115.10 Td (Due to the operation of retained RC facilities, CCS has generated PTCs under IRC Section 45 and IRC Section 38. ) Tj ET Q q 0 0 0 rg BT 511.40 115.10 Td (These ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 103.10 Td (Section 45 and Section 38 tax credits qualify as General Business Credits \("GBC"\). ) Tj ET Q q 0 0 0 rg BT 386.25 103.10 Td (These GBC's are allocated to the owners of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 91.10 Td (CCS, including the Company) Tj ET Q q 0 0 0 rg BT 167.13 91.10 Td (, who may benefit to the extent that the GBC's are realized from the operation of retained RC ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 79.10 Td (facilities. ) Tj ET Q q 0 0 0 rg BT 88.88 79.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.32 79.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 191.90 79.10 Td (, we had approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.26 79.10 Td ($97 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.65 79.10 Td ( in GBC carryforward and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.12 79.10 Td ($59 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.51 79.10 Td ( of federal net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 67.10 Td (operating loss \("NOL"\) carryforwards, all of which had a valuation allowance recorded against them. Unused NOL's and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 55.10 Td (GBC's may be carried forward 20 years from the tax year in which they are generated. ) Tj ET Q endstream endobj 93 0 obj <> endobj 94 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (43) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (In the hypothetical event of an ownership change, as defined by IRC Section 382, utilization of the NOL's and tax credits ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (generated prior to the change would be subject to an annual limitation imposed by IRC Section 382 for NOL's and Section 383 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (for tax credits. ) Tj ET Q q 0 0 0 rg BT 110.35 706.10 Td (The results of a recent analysis indicated that we had not experienced an ownership change as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.81 706.10 Td (December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 694.10 Td (. Such analysis for the period from January 1, 2016 through the date of this filing has not been completed. ) Tj ET Q q 0 0 0 rg BT 495.56 694.10 Td (Therefore, it is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (possible that we experienced an ownership change between January 1, 2016 and the date of this filing, thus subjecting our NOL) Tj ET Q q 0 0 0 rg BT 560.60 682.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (and GBC carryforwards to limitation. Should a limitation exist, however) Tj ET Q q 0 0 0 rg BT 339.82 670.10 Td (, we would likely be in a position to substantially ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (increase the limitation by virtue of our approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.60 658.10 Td ($336 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.99 658.10 Td ( deferred installment sale gain at CCS. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (Specifically) Tj ET Q q 0 0 0 rg BT 97.11 634.10 Td (, IRC Section 382 provides that a corporation with a net unrealized built-in gain \("NUBIG"\) immediately before an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (ownership change may increase its limitation by the amount of recognized built-in gain \("RBIG"\) arising from the sale of a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (built-in gain asset during a recognition period, which is generally the five year period immediately following an ownership ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (change. Built-in gain reported on the installment sale method that is attributable to assets sold by the corporation before or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (during the recognition period may increase the corporation) Tj ET Q q 0 0 0 rg BT 287.97 586.10 Td (s limitation during and after the recognition period. ) Tj ET Q q 0 0 0 rg BT 495.24 586.10 Td (Therefore, it is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (likely that any IRC Section 382 limitation imposed at ) Tj ET Q q 0 0 0 rg BT 265.81 574.10 Td (ADES upon an ownership change may be increased by our share of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (RBIG from CCS) Tj ET Q q 0 0 0 rg BT 120.01 562.10 Td (s installment sale gain attributable to RC facilities sold before or during the period in which the change in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (ownership occurred. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (There are numerous assumptions that must be considered in calculating the RBIG at CCS and the increase to our IRC Section ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (382 limitation. ) Tj ET Q q 0 0 0 rg BT 110.83 514.10 Td (Assuming the following, the Company may be able to increase the total limitation by approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.08 514.10 Td ($336 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 502.10 Td ( over the duration of the installment sale. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 478.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 478.10 Td (The CCS RBIG is a result of the sale of RC facilities by CCS and its election to utilize installment sale for tax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 466.10 Td (purposes; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 454.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 454.10 Td (Investors in RC facilities will not terminate existing contracts as completion of installment sale transaction is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 442.10 Td (necessary to realize RBIG;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 430.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 430.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 430.10 Td (e have no net unrealized built-in loss to of) Tj ET Q q 0 0 0 rg BT 262.74 430.10 Td (fset the NUBIG from CCS;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 418.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 418.10 Td (Our RBIG is equal to the deferred gain allocated from CCS or) Tj ET Q q 0 0 0 rg BT 334.14 418.10 Td (, approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.40 418.10 Td ($336 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.79 418.10 Td (;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 406.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 406.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 406.10 Td (e will have a NUBIG immediately before a hypothetical ownership change such that the CCS RBIG is available to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 394.10 Td (increase the IRC Section 382 limitation;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 382.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 382.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 382.10 Td (e will continue our historic business operations for at least two years following a hypothetical ownership change; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 370.10 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 358.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 358.10 Td (A) Tj ET Q q 0 0 0 rg BT 92.67 358.10 Td ( second ownership change does not occur) Tj ET Q q 0 0 0 rg BT 258.18 358.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (The annual limitation will be increased by the amount of RBIG that is included in taxable income each year) Tj ET Q q 0 0 0 rg BT 480.42 334.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (Additional information related to equity method investments can be found in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.65 310.10 Td (Note 7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.59 310.10 Td ( to the Company's Consolidated Financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (Statements.) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 272.7669921875 m 143.0224609375 272.7669921875 l s q 0 0 0 rg BT 50.00 274.10 Td (Royalties, related party) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 143.02 274.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.44 262.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.03 262.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.47 262.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 192.47 262.10 Td (, RC was produced at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.78 262.10 Td (seven) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.55 262.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.99 262.10 Td (six) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.66 262.10 Td ( RC facilities, respectively) Tj ET Q q 0 0 0 rg BT 440.09 262.10 Td (, using M-45) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 491.48 266.63 Td (TM) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.23 262.10 Td ( and M-45-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (PC) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 62.23 254.63 Td (TM ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.60 250.10 Td (technologies, which CCS licenses from us. ) Tj ET Q q 0 0 0 rg BT 247.29 250.10 Td (This includes the impact of CCS ceasing full-time operation of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.12 250.10 Td (three) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.11 250.10 Td ( retained ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td (facilities during the fourth quarter of 2015 while it awaits final commitments for the purchase or lease of such facilities by tax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (equity investors. During the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 214.13 226.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.71 226.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.15 226.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.15 226.10 Td (, there was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.69 226.10 Td (22.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.58 226.10 Td ( tons and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.19 226.10 Td (12.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.08 226.10 Td ( tons of RC ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td (produced at those facilities, respectively) Tj ET Q q 0 0 0 rg BT 210.12 214.10 Td (, which resulted in a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.43 214.10 Td (66%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.76 214.10 Td ( increase in our income from Royalties, related party) Tj ET Q q 0 0 0 rg BT 521.87 214.10 Td (. Certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (of the facilities that were operating in 2015 were retained facilities that were producing tax credits and other tax benefits ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.10 Td (directly for the benefit of CCS and its owners. Ef) Tj ET Q q 0 0 0 rg BT 246.44 190.10 Td (fective in the fourth quarter of 2015, some of these facilities were idled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td (pending the sale or lease to tax equity investors. ) Tj ET Q q 0 0 0 rg BT 243.84 178.10 Td (As a result, we anticipate that 2016 royalties will decline to approximately the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.10 Td (level of 2014 until such time as tax equity investors are secured and production from these facilities resumes. ) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 140.76699218750002 m 114.3212890625 140.76699218750002 l s q 0 0 0 rg BT 50.00 142.10 Td (Inter) Tj ET Q q 0 0 0 rg BT 69.07 142.10 Td (est expense) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 114.32 142.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.10 Td (Interest expense ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.19 130.10 Td (increased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 154.95 130.10 Td ( in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 167.72 130.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.72 130.10 Td ( compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.43 130.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.43 130.10 Td ( by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.43 130.10 Td ($1.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.32 130.10 Td ( due to the increase in RC facilities on which CCS ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.10 Td (recognized installment sales for tax purposes from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 254.11 118.10 Td (1) Tj ET Q q 0 0 0 rg BT 258.74 118.10 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.74 118.10 Td ( to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.51 118.10 Td (12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.51 118.10 Td ( and an increase in the interest rate. IRC section 453A) Tj ET Q q 0 0 0 rg BT 501.72 118.10 Td ( requires ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.10 Td (taxpayers using the installment method to pay an interest char) Tj ET Q q 0 0 0 rg BT 297.25 106.10 Td (ge on the portion of the tax liability that was deferred under the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.10 Td (installment method. ) Tj ET Q q 0 0 0 rg BT 131.75 94.10 Td (The following table shows the balance of the tax liability that has been deferred and the applicable interest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.10 Td (rate to calculate section 453A) Tj ET Q q 0 0 0 rg BT 168.29 82.10 Td ( interest:) Tj ET Q endstream endobj 95 0 obj <> endobj 96 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (44) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 722.50 354.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 722.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 722.50 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 722.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 722.50 75.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 735.5 m 483.5 735.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 735.5 m 562.5 735.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 722.5 m 404.5 722.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 735.5 m 483.5 735.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 722.5 m 483.5 722.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 735.5 m 487.5 735.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 722.5 m 487.5 722.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 735.5 m 562.5 735.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 722.5 m 562.5 722.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 722.5 m 404.5 722.5 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 451.95 739.73 Td (As of December 31,) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 53.00 726.75 Td (\(in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 437.50 726.73 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 516.50 726.73 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 712.17 Td (Tax liability deferred on installment sales \(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.00 712.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.15 712.17 Td (111,905) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.00 712.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.15 712.17 Td (120,129) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 697.17 Td (Interest rate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 697.17 Td (4.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 697.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 697.17 Td (3.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 697.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 669.00 Td (\(1\) Represents the approximate tax ef) Tj ET Q q 0 0 0 rg BT 200.04 669.00 Td (fected liability related to the deferred gain on installment sales \(approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.76 669.00 Td ($336 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 657.00 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 657.00 Td ( as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.05 657.00 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 181.64 657.00 Td (\). ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 633.00 Td (Additionally) Tj ET Q q 0 0 0 rg BT 99.90 633.00 Td (, interest expense increased by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.30 633.00 Td ($0.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.19 633.00 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.63 633.00 Td ($1.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.52 633.00 Td ( related to the note payable used to finance our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 621.00 Td (purchase of RCM6 in February 2014 and the short-term loan entered into in the fourth quarter of 2015, respectively) Tj ET Q q 0 0 0 rg BT 511.72 621.00 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 597.00 Td (During the first quarter of 2016, the Company sold its entire ownership interest in RCM6 and has no future obligations related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 585.00 Td (to previously recorded note payable. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 573.00 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 561.00 Td (Income tax expense) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 133.32 561.00 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 549.00 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 549.00 Td (e did not recognize any federal income tax expense \(benefit\) during the years ended December 31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.85 549.00 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.85 549.00 Td ( or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.18 549.00 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.18 549.00 Td ( as a result of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 537.00 Td (recording full valuation allowances against all of our net deferred tax assets in all jurisdictions. However) Tj ET Q q 0 0 0 rg BT 468.35 537.00 Td (, we did recognize ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 525.00 Td (state income tax expense for the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 231.04 525.00 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.62 525.00 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.06 525.00 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.06 525.00 Td ( of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.39 525.00 Td (zero) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.59 525.00 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.03 525.00 Td ($0.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.92 525.00 Td (, respectively) Tj ET Q q 0 0 0 rg BT 500.59 525.00 Td (. See ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.52 525.00 Td (Note 16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.46 525.00 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 513.00 Td (in our Consolidated Financial Statements for additional information. ) Tj ET Q endstream endobj 97 0 obj <> endobj 98 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (45) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (Y) Tj ET Q q 0 0 0 rg BT 56.11 730.10 Td (ear) Tj ET Q q 0 0 0 rg BT 69.81 730.10 Td ( ended December) Tj ET Q q 0 0 0 rg BT 143.50 730.10 Td ( 31, 2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 181.00 730.10 Td ( vs. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 197.02 730.10 Td (Y) Tj ET Q q 0 0 0 rg BT 203.13 730.10 Td (ear) Tj ET Q q 0 0 0 rg BT 216.83 730.10 Td ( ended December) Tj ET Q q 0 0 0 rg BT 290.51 730.10 Td ( 31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 328.01 730.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (Our consolidated results comprised the following: ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 661.60 276.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 661.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 661.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 661.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 661.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 661.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 661.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 661.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 661.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 631.60 276.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 631.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 631.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 631.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 631.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 631.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 631.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 631.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 631.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 601.60 276.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 601.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 601.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 601.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 601.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 601.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 601.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 601.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 601.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 571.60 276.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 571.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 571.60 55.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 571.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 571.60 55.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 571.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 571.60 55.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 571.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 571.60 55.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 521.60 276.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 521.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 521.60 55.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 521.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 521.60 55.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 521.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 521.60 55.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 521.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 521.60 55.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 481.60 276.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 481.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 481.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 481.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 481.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 481.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 481.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 481.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 481.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 451.60 276.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 451.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 451.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 451.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 451.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 451.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 451.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 451.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 451.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 421.60 276.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 421.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 421.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 421.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 421.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 421.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 421.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 421.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 421.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 391.60 276.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 391.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 391.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 391.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 391.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 391.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 391.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 391.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 391.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 361.60 276.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 361.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 361.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 361.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 361.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 361.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 361.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 361.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 361.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 331.60 276.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 331.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 331.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 331.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 331.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 331.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 331.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 331.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 331.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 301.60 276.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 301.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 301.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 301.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 301.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 301.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 301.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 301.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 301.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 271.60 276.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 271.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 271.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 271.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 271.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 271.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 271.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 271.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 271.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 241.60 276.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 241.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 241.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 241.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 241.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 241.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 241.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 241.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 241.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 211.60 276.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 211.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 211.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 211.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 211.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 211.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 211.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 211.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 211.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 181.60 276.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 181.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 181.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 181.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 181.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 181.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 181.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 181.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 181.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 151.60 276.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 151.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 151.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 151.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 151.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 151.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 151.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 151.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 151.60 55.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 682.6 m 385.5 682.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 682.6 m 389.5 682.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 682.6 m 444.5 682.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 682.6 m 503.5 682.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 682.6 m 507.5 682.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 682.6 m 562.5 682.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 661.6 m 326.5 661.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 682.6 m 385.5 682.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 661.6 m 385.5 661.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 682.6 m 389.5 682.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 682.6 m 444.5 682.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 661.6 m 444.5 661.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 661.6 m 503.5 661.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 661.6 m 562.5 661.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 661.6 m 385.5 661.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 661.6 m 444.5 661.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 661.6 m 503.5 661.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 661.6 m 562.5 661.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 601.6 m 385.5 601.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 586.6 m 385.5 586.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 601.6 m 444.5 601.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 586.6 m 444.5 586.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 601.6 m 503.5 601.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 586.6 m 503.5 586.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 406.6 m 503.5 406.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 406.6 m 385.5 406.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 391.6 m 385.5 391.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 406.6 m 444.5 406.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 391.6 m 444.5 391.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 391.6 m 503.5 391.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 376.6 m 385.5 376.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 391.6 m 444.5 391.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 376.6 m 444.5 376.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 376.6 m 503.5 376.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 286.6 m 385.5 286.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 286.6 m 444.5 286.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 286.6 m 503.5 286.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 271.6 m 385.5 271.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 286.6 m 444.5 286.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 271.6 m 444.5 271.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 271.6 m 503.5 271.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 271.6 m 444.5 271.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 241.60000000000002 m 385.5 241.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 241.60000000000002 m 444.5 241.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 241.60000000000002 m 503.5 241.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 241.60000000000002 m 385.5 241.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 227.60000000000002 m 385.5 227.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 225.60000000000002 m 385.5 225.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 241.60000000000002 m 444.5 241.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 227.60000000000002 m 444.5 227.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 225.60000000000002 m 444.5 225.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 241.60000000000002 m 503.5 241.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 227.60000000000002 m 503.5 227.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 225.60000000000002 m 503.5 225.60000000000002 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 341.05 686.83 Td (Years Ended December 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 491.85 686.83 Td (Change) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 53.00 665.85 Td (\() Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 55.66 665.85 Td (in thousands, except per shar) Tj ET Q q 0 0 0 rg BT 149.36 665.85 Td (e data) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 169.13 665.85 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 349.50 665.83 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 408.50 665.83 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 470.80 665.83 Td (\($\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 527.80 665.83 Td (\(%\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 651.27 Td (Revenues:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 636.27 Td (Equipment sales) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.00 636.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.15 636.27 Td (12,044) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.00 636.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.15 636.27 Td (5,747) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.00 636.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.15 636.27 Td (6,297) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.25 636.27 Td (110) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 636.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 621.27 Td (Consulting services) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.15 621.27 Td (4,488) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.15 621.27 Td (6,790) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.80 621.32 Td (\(2,302) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.65 621.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.95 621.27 Td (\(34) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 621.27 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 606.27 Td (Chemicals and other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.65 606.27 Td (391) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.65 606.27 Td (749) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.30 606.32 Td (\(358) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.65 606.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.95 606.27 Td (\(48) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 606.27 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 591.27 Td (Total revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.15 591.27 Td (16,923) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.15 591.27 Td (13,286) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.15 591.27 Td (3,637) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.30 591.27 Td (27) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 591.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 576.27 Td (Operating expenses:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 561.27 Td (Equipment sales cost of revenue, exclusive of depreciation and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 551.27 Td (amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.15 551.27 Td (9,277) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.15 551.27 Td (9,459) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.30 551.32 Td (\(182) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.65 551.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.95 551.27 Td (\(2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 551.27 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 536.27 Td (Consulting services cost of revenue, exclusive of depreciation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 526.27 Td (and amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.15 526.27 Td (2,203) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.15 526.27 Td (3,827) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.80 526.32 Td (\(1,624) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.65 526.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.95 526.27 Td (\(42) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 526.27 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 511.27 Td (Chemical and other cost of revenue, exclusive of depreciation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 501.27 Td (and amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.65 501.27 Td (140) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.65 501.27 Td (382) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.30 501.32 Td (\(242) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.65 501.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.95 501.27 Td (\(63) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 501.27 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 486.27 Td (Payroll and benefits) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.15 486.27 Td (20,767) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.15 486.27 Td (16,228) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.15 486.27 Td (4,539) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.30 486.27 Td (28) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 486.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 471.27 Td (Rent and occupancy) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.15 471.27 Td (2,468) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.15 471.27 Td (2,128) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 471.27 Td (340) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.30 471.27 Td (16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 471.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 456.27 Td (Legal and professional fees) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.15 456.27 Td (14,430) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.15 456.27 Td (4,534) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.15 456.27 Td (9,896) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.25 456.27 Td (218) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 456.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 441.27 Td (General and administrative) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.15 441.27 Td (6,066) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.15 441.27 Td (4,101) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.15 441.27 Td (1,965) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.30 441.27 Td (48) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 441.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 426.27 Td (Research and development, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.15 426.27 Td (1,521) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.15 426.27 Td (3,237) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.80 426.32 Td (\(1,716) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.65 426.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.95 426.27 Td (\(53) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 426.27 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 411.27 Td (Depreciation and amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.15 411.27 Td (1,865) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.15 411.27 Td (1,648) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 411.27 Td (217) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.30 411.27 Td (13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 411.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 396.27 Td (Total operating expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.15 396.27 Td (58,737) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.15 396.27 Td (45,544) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 396.27 Td (13,193) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.30 396.27 Td (29) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 396.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 381.27 Td (Operating loss) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.80 381.32 Td (\(41,814) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.65 381.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.80 381.32 Td (\(32,258) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.65 381.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.80 381.32 Td (\(9,556) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.65 381.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.30 381.27 Td (30) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 381.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 366.27 Td (Other income \(expense\):) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 351.27 Td (Earnings from equity method investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.15 351.27 Td (42,712) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.15 351.27 Td (15,502) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 351.27 Td (27,210) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.25 351.27 Td (176) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 351.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 336.27 Td (Royalties, related party) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.15 336.27 Td (6,410) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.15 336.27 Td (2,505) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.15 336.27 Td (3,905) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.25 336.27 Td (156) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 336.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 321.27 Td (Interest income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.65 321.27 Td (74) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.65 321.27 Td (109) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.30 321.32 Td (\(35) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.65 321.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.95 321.27 Td (\(32) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 321.27 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 306.27 Td (Interest expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.80 306.32 Td (\(5,725) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.65 306.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.80 306.32 Td (\(1,338) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.65 306.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.80 306.32 Td (\(4,387) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.65 306.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.25 306.27 Td (328) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 306.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 291.27 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.65 291.27 Td (26) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.30 291.32 Td (\(44) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.65 291.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 291.27 Td (70) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.95 291.27 Td (\(159) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 291.27 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 276.27 Td (Total other income \(expense\), net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.15 276.27 Td (43,497) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.15 276.27 Td (16,734) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 276.27 Td (26,763) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.25 276.27 Td (160) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 276.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 261.27 Td (Income \(loss\) before income tax expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.15 261.27 Td (1,683) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.80 261.32 Td (\(15,524) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.65 261.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 261.27 Td (17,207) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.95 261.27 Td (\(111) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 261.27 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 246.27 Td (Income tax expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.65 246.27 Td (296) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.65 246.27 Td (463) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.30 246.32 Td (\(167) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.65 246.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.95 246.27 Td (\(36) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 246.27 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 231.27 Td (Net income \(loss\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.00 231.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.15 231.27 Td (1,387) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.00 231.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.80 231.32 Td (\(15,987) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.65 231.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.00 231.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 231.27 Td (17,374) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.95 231.27 Td (\(109) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 231.27 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 216.27 Td (Earnings \(loss\) per common share:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 201.27 Td (Basic) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.00 201.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.15 201.27 Td (0.06) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.00 201.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.80 201.32 Td (\(0.78) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.65 201.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.00 201.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.15 201.27 Td (0.84) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.95 201.27 Td (\(108) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 201.27 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 186.27 Td (Diluted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.00 186.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.15 186.27 Td (0.06) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.00 186.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.80 186.32 Td (\(0.78) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.65 186.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.00 186.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.15 186.27 Td (0.84) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.95 186.27 Td (\(108) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 186.27 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 171.27 Td (Weighted-average number of common shares outstanding:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 156.27 Td (Basic) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.15 156.27 Td (21,554) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.15 156.27 Td (20,103) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 141.27 Td (Diluted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.15 141.27 Td (22,079) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.15 141.27 Td (20,103) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 99 0 obj <> endobj 100 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (46) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 730.10 Td (otal Revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (A) Tj ET Q q 0 0 0 rg BT 56.67 718.10 Td ( summary of the components of our revenue and costs of revenue for the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.33 718.10 Td (December31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.92 718.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.35 718.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.35 718.10 Td ( is as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 661.60 276.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 661.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 661.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 661.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 661.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 661.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 661.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 661.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 661.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 631.60 276.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 631.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 631.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 631.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 631.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 631.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 631.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 631.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 631.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 601.60 276.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 601.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 601.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 601.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 601.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 601.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 601.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 601.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 601.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 571.60 276.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 571.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 571.60 55.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 571.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 571.60 55.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 571.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 571.60 55.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 571.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 571.60 55.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 521.60 276.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 521.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 521.60 55.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 521.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 521.60 55.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 521.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 521.60 55.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 521.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 521.60 55.00 -25.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 682.6 m 384.5 682.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 682.6 m 388.5 682.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 682.6 m 443.5 682.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 682.6 m 502.5 682.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 682.6 m 506.5 682.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 682.6 m 561.5 682.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 661.6 m 325.5 661.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 682.6 m 384.5 682.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 661.6 m 384.5 661.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 682.6 m 388.5 682.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 682.6 m 443.5 682.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 661.6 m 443.5 661.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 661.6 m 502.5 661.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 661.6 m 561.5 661.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 661.6 m 502.5 661.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 661.6 m 561.5 661.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 601.6 m 384.5 601.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 587.6 m 384.5 587.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 585.6 m 384.5 585.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 601.6 m 443.5 601.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 587.6 m 443.5 587.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 585.6 m 443.5 585.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 601.6 m 502.5 601.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 587.6 m 502.5 587.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 585.6 m 502.5 585.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 340.05 686.83 Td (Years Ended December 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 490.85 686.83 Td (Change) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 665.85 Td (\() Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 54.66 665.85 Td (in thousands except per) Tj ET Q q 0 0 0 rg BT 130.13 665.85 Td (centages) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 158.12 665.85 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 348.50 665.83 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 407.50 665.83 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 469.80 665.83 Td (\($\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 526.80 665.83 Td (\(%\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 652.17 Td (Revenues:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 637.17 Td (Equipment sales) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.00 636.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.15 636.27 Td (12,044) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.00 636.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.15 636.27 Td (5,747) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.00 636.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.15 636.27 Td (6,297) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.25 636.27 Td (110) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 636.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 622.17 Td (Consulting services) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.15 621.27 Td (4,488) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.15 621.27 Td (6,790) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.80 621.32 Td (\(2,302) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.65 621.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.95 621.27 Td (\(34) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.30 621.27 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 606.27 Td (Chemicals and other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.65 606.27 Td (391) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.65 606.27 Td (749) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.30 606.32 Td (\(358) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.65 606.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.95 606.27 Td (\(48) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.30 606.27 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 592.17 Td (Total revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.15 591.27 Td (16,923) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.15 591.27 Td (13,286) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.15 591.27 Td (3,637) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.30 591.27 Td (27) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 591.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 576.27 Td (Operating expenses:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 561.27 Td (Equipment sales cost of revenue, exclusive of depreciation and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 551.27 Td (amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.15 551.27 Td (9,277) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.15 551.27 Td (9,459) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.30 551.32 Td (\(182) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.65 551.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.95 551.27 Td (\(2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.30 551.27 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 536.27 Td (Consulting services cost of revenue, exclusive of depreciation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 526.27 Td (and amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.15 526.27 Td (2,203) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.15 526.27 Td (3,827) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.80 526.32 Td (\(1,624) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.65 526.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.95 526.27 Td (\(42) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.30 526.27 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 511.27 Td (Chemical and other cost of revenue, exclusive of depreciation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 501.27 Td (and amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.65 501.27 Td (140) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.65 501.27 Td (382) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.30 501.32 Td (\(242) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.65 501.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.95 501.27 Td (\(63) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.30 501.27 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 471.7669921875 m 115.8251953125 471.7669921875 l s q 0 0 0 rg BT 50.00 473.10 Td (Equipment sales) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 115.8251953125 471.7669921875 m 264.3115234375 471.7669921875 l s q 0 0 0 rg BT 115.83 473.10 Td ( and Equipment sales cost of r) Tj ET Q q 0 0 0 rg BT 236.56 473.10 Td (evenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 461.10 Td (During the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.52 461.10 Td (December31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.11 461.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.54 461.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.54 461.10 Td (, we entered into 25 and 26 long term \(6 months or longer\) fixed price ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 449.10 Td (contracts to supply ) Tj ET Q q 0 0 0 rg BT 127.49 449.10 Td (ACI systems with aggregate contract values including change orders of $35.8 million and $39.3 million, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 437.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 97.66 437.10 Td (. ) Tj ET Q q 0 0 0 rg BT 102.48 437.10 Td (The total value per contract may change due to the relative sizes of ) Tj ET Q q 0 0 0 rg BT 372.09 437.10 Td (ACI systems and the contracts related thereto. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 425.10 Td (During the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.52 425.10 Td (December31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.11 425.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.54 425.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.54 425.10 Td (, we completed 15 and two ) Tj ET Q q 0 0 0 rg BT 373.24 425.10 Td (ACI systems, recognizing revenues of $1) Tj ET Q q 0 0 0 rg BT 537.83 425.10 Td (1.1 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 413.10 Td (million and $3.2 million and costs of revenue of $8.1 million and $2.4 million, respectively) Tj ET Q q 0 0 0 rg BT 414.85 413.10 Td (. ) Tj ET Q q 0 0 0 rg BT 419.67 413.10 Td (W) Tj ET Q q 0 0 0 rg BT 428.31 413.10 Td (e did not recognize any loss ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 401.10 Td (provisions related to contracts in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 183.02 401.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.02 401.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.46 401.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.46 401.10 Td ( related to ) Tj ET Q q 0 0 0 rg BT 284.39 401.10 Td (ACI systems.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 377.10 Td (During the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.52 377.10 Td (December31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.11 377.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.54 377.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.54 377.10 Td (, we entered into 13 and 24 long term \(6 months or longer\) fixed price ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 365.10 Td (contracts to supply DSI systems and other material handling equipment with contract values including associated change orders ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 353.10 Td (of $10.9 million and $46.9 million, respectively) Tj ET Q q 0 0 0 rg BT 240.71 353.10 Td (. ) Tj ET Q q 0 0 0 rg BT 245.53 353.10 Td (T) Tj ET Q q 0 0 0 rg BT 250.94 353.10 Td (otal value per contract may change due to the relative sizes of DSI systems ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 341.10 Td (the contracts related thereto. During the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.30 341.10 Td (December31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.88 341.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.32 341.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.32 341.10 Td (, we completed two and seven DSI systems ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 329.10 Td (and five and six other material handling equipment systems, recognizing revenues of $0.6 million and $2.0 million and costs of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 317.10 Td (revenue of $0.8 million and $6.8 million, respectively) Tj ET Q q 0 0 0 rg BT 264.86 317.10 Td (. Due to potential cost overruns related to certain DSI projects, we expect ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 305.10 Td (that the future relationship between revenues and costs may be dissimilar from prior results. Certain of the DSI system long-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 293.10 Td (term fixed price contracts were expected to be completed with losses. ) Tj ET Q q 0 0 0 rg BT 329.90 293.10 Td (As a result, cost of sales included $0.3 million and $4.8 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 281.10 Td (million in loss provisions related to contracts recognized in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.12 281.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.12 281.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.55 281.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.55 281.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 401.22 281.10 Td (, related to DSI system contracts. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 257.10 Td (The remaining changes were due to other equipment projects.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 233.10 Td (Demand for ) Tj ET Q q 0 0 0 rg BT 99.99 233.10 Td (ACI and DSI system contracts in 2013 and 2014 was driven by coal fired power plant utilities that need to comply ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 221.10 Td (with MA) Tj ET Q q 0 0 0 rg BT 85.28 221.10 Td (TS and MACT) Tj ET Q q 0 0 0 rg BT 145.10 221.10 Td ( standards by 2015. Changes in revenues related to ) Tj ET Q q 0 0 0 rg BT 350.05 221.10 Td (ACI and DSI system contracts fluctuate due to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 209.10 Td (changes in the number of contracts entered into as well as the long-lead time requirements for manufacturing, installation and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 197.10 Td (testing of the equipment and ultimately the timing of revenue being recognized, which is based on substantial completion of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 185.10 Td (contract. ) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 159.76699218750002 m 128.603515625 159.76699218750002 l s q 0 0 0 rg BT 50.00 161.10 Td (Consulting services) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 128.603515625 159.76699218750002 m 289.8681640625 159.76699218750002 l s q 0 0 0 rg BT 128.60 161.10 Td ( and Consulting services cost of r) Tj ET Q q 0 0 0 rg BT 262.11 161.10 Td (evenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 137.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 137.10 Td (e provided consulting services related to emissions regulations. Revenues decreased year over year due to a decrease in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 125.10 Td (average contract revenue, driven by several lar) Tj ET Q q 0 0 0 rg BT 236.66 125.10 Td (ge consulting contracts related to regulatory compliance in 2013 that were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 113.10 Td (replaced by smaller scale consulting contracts with new customers in 2014. ) Tj ET Q q 0 0 0 rg BT 353.62 113.10 Td (The decrease in consulting service revenues were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 101.10 Td (also due to the Company's reduction in force of personnel providing consulting services. ) Tj ET Q endstream endobj 101 0 obj <> endobj 102 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (47) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 728.7669921875 m 133.3251953125 728.7669921875 l s q 0 0 0 rg BT 50.00 730.10 Td (Chemicals and other) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 133.3251953125 728.7669921875 m 295.419921875 728.7669921875 l s q 0 0 0 rg BT 133.33 730.10 Td ( and Chemical and other cost of r) Tj ET Q q 0 0 0 rg BT 267.67 730.10 Td (evenue) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (During the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.52 706.10 Td (December31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.11 706.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.54 706.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.54 706.10 Td (, the most significant component of Chemicals and other revenues and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (costs of revenues were chemical sales related to emissions control technologies. Revenues decreased year over year due to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (decreased demand from one significant customer upgrading its facilities which decreased the amount of chemicals needed to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (comply with regulatory standards. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (Additional information related to revenue concentrations and contributions by class and reportable segment can be found in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (Note 18) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.94 634.10 Td ( to the Company's Consolidated Financial Statements.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (Other) Tj ET Q q 0 0 0 rg BT 75.37 610.10 Td ( Operating Expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (A) Tj ET Q q 0 0 0 rg BT 56.67 598.10 Td ( summary of the components of our other operating expenses, exclusive of costs of revenue, shown above, for the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (December31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.58 586.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 148.02 586.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 168.02 586.10 Td ( is as follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 541.60 276.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 541.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 541.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 541.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 541.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 541.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 541.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 541.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 541.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 511.60 276.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 511.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 511.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 511.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 511.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 511.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 511.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 511.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 511.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 481.60 276.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 481.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 481.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 481.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 481.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 481.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 481.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 481.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 481.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 451.60 276.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 451.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 451.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 451.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 451.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 451.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 451.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 451.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 451.60 55.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 562.6 m 385.5 562.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 562.6 m 389.5 562.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 562.6 m 444.5 562.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 562.6 m 503.5 562.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 562.6 m 507.5 562.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 562.6 m 562.5 562.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 541.6 m 326.5 541.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 562.6 m 385.5 562.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 541.6 m 385.5 541.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 562.6 m 389.5 562.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 562.6 m 444.5 562.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 541.6 m 444.5 541.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 541.6 m 503.5 541.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 541.6 m 562.5 541.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 436.6 m 385.5 436.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 422.6 m 385.5 422.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 420.6 m 385.5 420.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 436.6 m 444.5 436.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 422.6 m 444.5 422.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 420.6 m 444.5 420.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 436.6 m 503.5 436.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 422.6 m 503.5 422.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 420.6 m 503.5 420.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 341.05 566.83 Td (Years Ended December 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 491.85 566.83 Td (Change) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 53.00 545.85 Td (\(in thousands, except percentages\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 349.50 545.83 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 408.50 545.83 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 470.80 545.83 Td (\($\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 527.80 545.83 Td (\(%\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 532.17 Td (Operating expenses:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 517.17 Td (Payroll and benefits) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.00 516.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.15 516.27 Td (20,767) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.00 516.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.15 516.27 Td (16,228) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.00 516.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.15 516.27 Td (4,539) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.30 516.27 Td (28) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 516.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 501.27 Td (Rent and occupancy) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.15 501.27 Td (2,468) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.15 501.27 Td (2,128) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 501.27 Td (340) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.30 501.27 Td (16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 501.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 486.27 Td (Legal and professional fees) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.15 486.27 Td (14,430) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.15 486.27 Td (4,534) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.15 486.27 Td (9,896) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.25 486.27 Td (218) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 486.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 471.27 Td (General and administrative) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.15 471.27 Td (6,066) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.15 471.27 Td (4,101) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.15 471.27 Td (1,965) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.30 471.27 Td (48) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 471.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 457.17 Td (Research and development, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.15 456.27 Td (1,521) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.15 456.27 Td (3,237) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.80 456.32 Td (\(1,716) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.65 456.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.95 456.27 Td (\(53) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 456.27 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 442.17 Td (Depreciation and amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.15 441.27 Td (1,865) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.15 441.27 Td (1,648) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 441.27 Td (217) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.30 441.27 Td (13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 441.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 427.17 Td (Total operating expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.00 426.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.15 426.27 Td (47,117) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.00 426.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.15 426.27 Td (31,876) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.00 426.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 426.27 Td (15,241) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.30 426.27 Td (48) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 426.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 396.7669921875 m 130.7275390625 396.7669921875 l s q 0 0 0 rg BT 50.00 398.10 Td (Payr) Tj ET Q q 0 0 0 rg BT 69.07 398.10 Td (oll and benefits) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 130.73 398.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 386.10 Td (Payroll and benefits expenses increased in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.61 386.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.61 386.10 Td ( compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.31 386.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.31 386.10 Td ( due to an increase in executive and overall and executive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 374.10 Td (head count, as well as restructuring expenses, including the modification and acceleration of restricted stock awards during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 362.10 Td (2014 in connection with the departure of certain executive of) Tj ET Q q 0 0 0 rg BT 293.89 362.10 Td (ficers and management's alignment of the business with strategic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 350.10 Td (objectives. Restructuring expenses recorded during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.16 350.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.16 350.10 Td ( were $3.5 million compared to $0.1 million in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.85 350.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.85 350.10 Td (, of which $1.0 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 338.10 Td (million was due to the accelerated vesting of modified equity-based compensation awards for certain terminated employees. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 326.10 Td (Stock based compensation expense, excluding the impact of accelerated vesting of awards, also increased by $1.4 million in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 314.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 314.10 Td ( compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 124.70 314.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 144.70 314.10 Td (. ) Tj ET Q q 0 0 0 rg BT 149.52 314.10 Td (These increases were of) Tj ET Q q 0 0 0 rg BT 245.12 314.10 Td (fset by a $1.4 million decrease related to incentive compensation in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.26 314.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.26 314.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 302.10 Td (compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.20 302.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.20 302.10 Td (. ) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 276.7669921875 m 131.0791015625 276.7669921875 l s q 0 0 0 rg BT 50.00 278.10 Td (Rent and occupancy) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 131.08 278.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 266.10 Td (Rent and occupancy expenses increased in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.71 266.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.71 266.10 Td ( compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.41 266.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.41 266.10 Td ( primarily due to the Company leasing an additional 19,000 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 254.10 Td (square feet of of) Tj ET Q q 0 0 0 rg BT 115.06 254.10 Td (fice and manufacturing space related to our BCSI operations. ) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 228.76699218750002 m 159.90234375 228.76699218750002 l s q 0 0 0 rg BT 50.00 230.10 Td (Legal and pr) Tj ET Q q 0 0 0 rg BT 101.30 230.10 Td (ofessional fees) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 159.90 230.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 218.10 Td (Legal and professional fees expenses increased by $6.1 million in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 315.20 218.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.20 218.10 Td ( compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.90 218.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.90 218.10 Td ( as a result of the significant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 206.10 Td (professional resources deployed to address the Re-audit and Restatement of our consolidated financial statements, including the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 194.10 Td (ongoing SEC Inquiry) Tj ET Q q 0 0 0 rg BT 134.91 194.10 Td (. Other increases in expenses associated with professional fees were due to a $0.9 million increase in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 182.10 Td (residual payment agreement with a former consultant who was involved in the development and deployment of RC ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 170.10 Td (technologies and $1.6 million of accrued expense related to the termination of the consulting agreement with the former owner ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 158.10 Td (of the DSI equipment assets acquired by BCSI \("DSI Business Owner"\) as described in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.99 158.10 Td (Note 8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.93 158.10 Td ( of the Consolidated Financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 146.10 Td (Statements. ) Tj ET Q q 0 0 0 rg BT 98.70 146.10 Td (The remaining increase was due to legal and professional fees associated with the realignment of our business with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 134.10 Td (strategic objectives and expenses incurred in the normal course of business. ) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 108.76699218750002 m 160.5419921875 108.76699218750002 l s q 0 0 0 rg BT 50.00 110.10 Td (General and administrative) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 160.54 110.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 98.10 Td (General and administrative expenses increased in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.92 98.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.92 98.10 Td ( compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.62 98.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.62 98.10 Td ( by $2.0 million primarily due to a $0.6 million ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 86.10 Td (increase in executive and other personnel talent acquisition costs, $0.4 million related to administrative travel expenses and a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 74.10 Td ($0.5 million allowance against the entire principal balance of a note receivable, described in Note 1) Tj ET Q q 0 0 0 rg BT 447.53 74.10 Td (1, as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.19 74.10 Td (December31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.77 74.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 62.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 99.90 62.10 Td (, we recognized impairment char) Tj ET Q q 0 0 0 rg BT 231.05 62.10 Td (ges on BCSI property and equipment during the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.44 62.10 Td (December31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.02 62.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 50.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.94 50.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.94 50.10 Td ( of $0.4 million and $0.1 million, respectively) Tj ET Q q 0 0 0 rg BT 270.15 50.10 Td (, as projected future cash flows from operations related to the property ) Tj ET Q endstream endobj 103 0 obj <> endobj 104 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (48) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (and equipment did not support the carrying value recorded by the Company) Tj ET Q q 0 0 0 rg BT 352.32 742.10 Td (. During 2013, we also impaired the entire goodwill ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (balance related to the 2012 BCSI acquisition, resulting in $0.2 million impairment char) Tj ET Q q 0 0 0 rg BT 398.63 730.10 Td (ge. ) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 704.7669921875 m 174.5849609375 704.7669921875 l s q 0 0 0 rg BT 50.00 706.10 Td (Resear) Tj ET Q q 0 0 0 rg BT 77.40 706.10 Td (ch and development, net) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 174.58 706.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (Research and development expense decreased in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 247.13 694.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.13 694.10 Td ( compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.84 694.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.84 694.10 Td ( due to a decrease in personnel allocated to R&D and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (an overall decrease in R&D activities. ) Tj ET Q q 0 0 0 rg BT 204.48 682.10 Td (W) Tj ET Q q 0 0 0 rg BT 213.12 682.10 Td (e recorded gross R&D expenses of $3.6 million and $13.1 million in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.75 682.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.75 682.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.18 682.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.18 682.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 97.66 670.10 Td (, of) Tj ET Q q 0 0 0 rg BT 110.81 670.10 Td (fset by reimbursements received from the DOE and industry cost share partners of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.65 670.10 Td (2.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.54 670.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.98 670.10 Td (9.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.87 670.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 97.66 658.10 Td (. Expenses during 2013 were most significantly driven by a CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 351.78 656.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.03 658.10 Td ( research project for which the most material spend ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (related to the construction of equipment which occurred during 2013. ) Tj ET Q q 0 0 0 rg BT 330.01 646.10 Td (The Company's expenses related to this project during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (2014 did not require significant amounts related to construction of equipment for the research. ) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 608.7669921875 m 173.5107421875 608.7669921875 l s q 0 0 0 rg BT 50.00 610.10 Td (Depr) Tj ET Q q 0 0 0 rg BT 70.18 610.10 Td (eciation and amortization) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 173.51 610.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (Depreciation and amortization expense increased in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.36 598.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.36 598.10 Td ( compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.06 598.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.06 598.10 Td ( due to asset additions. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (Other) Tj ET Q q 0 0 0 rg BT 75.37 574.10 Td ( Income \(Expense\), net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (A) Tj ET Q q 0 0 0 rg BT 56.67 562.10 Td ( summary of the components of our other income \(expense\), net for the years ended December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.92 562.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.92 562.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.36 562.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.36 562.10 Td ( is as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 505.60 276.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 505.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 505.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 505.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 505.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 505.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 505.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 505.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 505.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 475.60 276.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 475.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 475.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 475.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 475.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 475.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 475.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 475.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 475.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 445.60 276.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 445.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 445.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 445.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 445.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 445.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 445.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 445.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 445.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 415.60 276.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 415.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 415.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 415.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 415.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 415.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 415.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 415.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 415.60 55.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 526.6 m 385.5 526.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 526.6 m 389.5 526.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 526.6 m 444.5 526.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 526.6 m 503.5 526.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 526.6 m 507.5 526.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 526.6 m 562.5 526.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 505.6 m 326.5 505.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 526.6 m 385.5 526.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 505.6 m 385.5 505.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 526.6 m 389.5 526.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 526.6 m 444.5 526.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 505.6 m 444.5 505.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 505.6 m 503.5 505.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 505.6 m 562.5 505.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 505.6 m 385.5 505.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 505.6 m 444.5 505.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 505.6 m 503.5 505.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 505.6 m 562.5 505.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 415.6 m 385.5 415.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 401.6 m 385.5 401.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 399.6 m 385.5 399.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 415.6 m 444.5 415.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 401.6 m 444.5 401.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 399.6 m 444.5 399.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 415.6 m 503.5 415.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 401.6 m 503.5 401.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 399.6 m 503.5 399.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 341.05 530.83 Td (Years Ended December 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 491.85 530.83 Td (Change) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 53.00 509.85 Td (\(in thousands, except percentages\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 349.50 509.83 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 408.50 509.83 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 470.80 509.83 Td (\($\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 527.80 509.83 Td (\(%\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 496.17 Td (Other income \(expense\):) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 481.17 Td (Earnings from equity method investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.00 480.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.15 480.27 Td (42,712) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.00 480.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.15 480.27 Td (15,502) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.00 480.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 480.27 Td (27,210) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.25 480.27 Td (176) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 480.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 466.17 Td (Royalties, related party) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.15 465.27 Td (6,410) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.15 465.27 Td (2,505) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.15 465.27 Td (3,905) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.25 465.27 Td (156) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 465.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 451.17 Td (Interest income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.65 450.27 Td (74) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.65 450.27 Td (109) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.30 450.32 Td (\(35) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.65 450.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.95 450.27 Td (\(32) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 450.27 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 436.17 Td (Interest expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.80 435.32 Td (\(5,725) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.65 435.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.80 435.32 Td (\(1,338) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.65 435.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.80 435.32 Td (\(4,387) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.65 435.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.25 435.27 Td (328) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 435.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 421.17 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.65 420.27 Td (26) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.30 420.32 Td (\(44) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.65 420.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 420.27 Td (70) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.95 420.27 Td (\(159) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 420.27 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 406.17 Td (Total other income \(expense\), net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.00 405.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.15 405.27 Td (43,497) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.00 405.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.15 405.27 Td (16,734) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.00 405.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 405.27 Td (26,763) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.25 405.27 Td (160) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 405.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 375.7669921875 m 204.9755859375 375.7669921875 l s q 0 0 0 rg BT 50.00 377.10 Td (Earnings in equity method investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 365.10 Td (The following table shows the equity method earnings, by investee, recognized by the Company:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 328.60 256.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 305.50 328.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.50 328.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 328.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 328.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 328.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 328.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 328.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 328.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 298.60 256.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 305.50 298.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.50 298.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 298.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 298.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 298.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 298.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 298.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 298.60 60.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309.5 341.6 m 369.5 341.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 341.6 m 373.5 341.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 341.6 m 433.5 341.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 341.6 m 497.5 341.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 341.6 m 501.5 341.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 341.6 m 561.5 341.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 328.6 m 305.5 328.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309.5 328.6 m 369.5 328.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 341.6 m 433.5 341.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 328.6 m 433.5 328.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 328.6 m 497.5 328.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 328.6 m 561.5 328.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309.5 328.6 m 369.5 328.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 328.6 m 433.5 328.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309.5 283.6 m 369.5 283.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309.5 269.6 m 369.5 269.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309.5 267.6 m 369.5 267.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 283.6 m 433.5 283.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 269.6 m 433.5 269.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 267.6 m 433.5 267.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 283.6 m 497.5 283.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 269.6 m 497.5 269.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 267.6 m 497.5 267.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 327.60 345.83 Td (Year ended December 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 485.85 345.83 Td (Change) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 52.00 332.85 Td (\(in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 331.00 332.83 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 395.00 332.83 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 462.30 332.83 Td (\($\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 524.30 332.83 Td (\(%\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 319.17 Td (Earnings from CCS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.00 318.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.15 318.27 Td (43,584) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.00 318.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 318.27 Td (13,813) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.00 318.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.15 318.27 Td (29,771) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.65 318.27 Td (216) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 318.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 304.17 Td (Earnings from CCSS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.15 303.27 Td (3,625) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.15 303.27 Td (1,689) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 303.27 Td (1,936) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.65 303.27 Td (115) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 303.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 289.17 Td (Loss from RCM6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.80 288.32 Td (\(4,497) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.65 288.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.65 288.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.80 288.32 Td (\(4,497) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.65 288.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.00 288.27 Td (*) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 273.27 Td (Earnings from equity method investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.00 273.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.15 273.27 Td (42,712) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.00 273.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 273.27 Td (15,502) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.00 273.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.15 273.27 Td (27,210) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.65 273.27 Td (176) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 273.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 245.10 Td (Earnings from equity method investments increased in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.78 245.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.78 245.10 Td ( compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.48 245.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.48 245.10 Td ( due to the operations of the Company's equity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 233.10 Td (method investees and increases in cash distributions in excess of our investment balance from CCS. ) Tj ET Q q 0 0 0 rg BT 451.40 233.10 Td (The weighted-average ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 221.10 Td (number of invested RC facilities, based upon the number of months each facility was invested during the respective years, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 209.10 Td (increased year over year) Tj ET Q q 0 0 0 rg BT 146.88 209.10 Td (. ) Tj ET Q q 0 0 0 rg BT 151.70 209.10 Td (The number of invested RC facilities that were generating rental income as of December 31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.79 209.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.79 209.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 197.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 197.10 Td (, were 12 and eight, respectively) Tj ET Q q 0 0 0 rg BT 199.02 197.10 Td (. ) Tj ET Q q 0 0 0 rg BT 203.84 197.10 Td (The weighted-average number of retained RC facilities, based upon the number of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 185.10 Td (months each facility was retained during the respective years, increased year over year) Tj ET Q q 0 0 0 rg BT 395.68 185.10 Td (. ) Tj ET Q q 0 0 0 rg BT 400.50 185.10 Td (The number of retained RC facilities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 173.10 Td (that were generating PTCs and other tax benefits as of December 31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.96 173.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.96 173.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.40 173.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.40 173.10 Td (, were five and four) Tj ET Q q 0 0 0 rg BT 465.57 173.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 518.23 173.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 161.10 Td ( ) Tj ET Q endstream endobj 105 0 obj <> endobj 106 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (49) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 742.10 Td (e recognized $43.6 million and $13.8 million of equity income from CCS for the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.11 742.10 Td (December31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.70 742.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.13 742.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.13 742.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (compared to our proportionate share of CCS' net income of $26.6 million and $8.9 million, respectively) Tj ET Q q 0 0 0 rg BT 464.40 730.10 Td (. ) Tj ET Q q 0 0 0 rg BT 469.22 730.10 Td (The dif) Tj ET Q q 0 0 0 rg BT 498.19 730.10 Td (ference ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (between our pro-rata share of CCS's net income \(loss\) and our earnings from our CCS equity method investment as reported on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (our Condensed Consolidated Statements of Operations relates to the Company receiving distributions in excess of the carrying ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (value of the investment during prior periods, and therefore recognizing such excess distributions as equity method earnings in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (the period the distributions occur) Tj ET Q q 0 0 0 rg BT 181.64 682.10 Td (. If CCS subsequently reports net income, the Company will not record its pro-rata share of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (such net income until its cumulative share of pro-rata net income equals the amount of its cumulative income recognized due to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (cash being distributed. Until such time, the Company will only report income from CCS to the extent of cash distributions. ) Tj ET Q q 0 0 0 rg BT 543.36 658.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (following table shows the Company's investment balance, equity earnings, cash distributions received and cash distributions in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (excess of the investment balance for the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.41 634.10 Td (December31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.00 634.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.43 634.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.43 634.10 Td ( \() Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 386.26 634.10 Td (in thousands) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.10 634.10 Td (\): ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 578.60 185.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 234.50 578.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 238.50 578.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 294.50 578.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 298.50 578.60 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 578.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.50 578.60 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.50 578.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 578.60 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 578.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 578.60 74.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 541.60 185.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 234.50 541.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 238.50 541.60 56.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 294.50 541.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 298.50 541.60 59.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 541.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.50 541.60 59.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.50 541.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 541.60 59.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 541.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 541.60 74.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 504.60 185.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 234.50 504.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 238.50 504.60 56.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 294.50 504.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 298.50 504.60 59.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 504.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.50 504.60 59.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.50 504.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 504.60 59.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 504.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 504.60 74.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 458.60 185.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 234.50 458.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 238.50 458.60 56.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 294.50 458.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 298.50 458.60 59.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 458.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.50 458.60 59.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.50 458.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 458.60 59.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 458.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 458.60 74.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 412.60 185.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 234.50 412.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 238.50 412.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 294.50 412.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 298.50 412.60 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 412.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.50 412.60 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.50 412.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 412.60 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 412.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 412.60 74.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 375.60 185.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 234.50 375.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 238.50 375.60 56.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 294.50 375.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 298.50 375.60 59.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 375.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.50 375.60 59.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.50 375.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 375.60 59.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 375.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 375.60 74.00 -23.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 578.6 m 234.5 578.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 238.5 578.6 m 294.5 578.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 298.5 578.6 m 357.5 578.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 578.6 m 420.5 578.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 578.6 m 483.5 578.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 578.6 m 561.5 578.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 298.5 481.6 m 357.5 481.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 481.6 m 420.5 481.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 481.6 m 483.5 481.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 481.6 m 561.5 481.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 298.5 375.6 m 357.5 375.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 298.5 353.6 m 357.5 353.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 298.5 351.6 m 357.5 351.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 375.6 m 420.5 375.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 353.6 m 420.5 353.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 351.6 m 420.5 351.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 375.6 m 483.5 375.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 353.6 m 483.5 353.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 351.6 m 483.5 351.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 375.6 m 561.5 375.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 353.6 m 561.5 353.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 351.6 m 561.5 351.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 121.70 582.83 Td (Description) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 253.75 582.83 Td (Date\(s\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 308.35 590.83 Td (Investment) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 314.35 582.83 Td (balance) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 368.15 590.83 Td (ADES equity) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 365.90 582.83 Td (earnings \(loss\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 444.80 590.83 Td (Cash) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 431.70 582.83 Td (distributions) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 496.75 614.83 Td (Memo Account:) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 492.50 606.83 Td (Cash distributions) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 494.30 598.83 Td (and equity loss in) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 506.55 590.83 Td (\(excess\) of) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 491.20 582.83 Td (investment balance) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 569.06 Td (Beginning balance) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 249.95 569.06 Td (12/31/2012) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 301.00 569.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 345.00 569.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.00 569.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 408.00 569.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 427.00 569.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 471.00 569.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 490.00 569.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.75 569.06 Td (\(8,003) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.00 569.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.00 555.06 Td (ADES proportionate share of income from CCS) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.00 546.06 Td (\(1\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 243.75 546.06 Td (2013 activity) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 333.75 546.06 Td (8,910) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 396.75 546.06 Td (8,910) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 471.00 546.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.00 546.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.00 532.06 Td (Increase of equity loss in excess of investment) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.00 523.06 Td (balance \(prior to cash distributions\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 243.75 523.06 Td (2013 activity) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 330.75 523.06 Td (\(8,003) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 354.00 523.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 393.75 523.06 Td (\(8,003) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 417.00 523.06 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 471.00 523.05 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 537.75 523.06 Td (8,003) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.00 509.06 Td (Current year cash distributions from CCS) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 243.75 509.06 Td (2013 activity) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 326.25 509.06 Td (\(13,813) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 354.00 509.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 408.00 509.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 455.25 509.06 Td (13,813) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.00 509.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.00 495.06 Td (Adjustment for current year cash distributions) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.00 486.06 Td (in excess of investment balance) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 243.75 486.06 Td (2013 activity) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 329.25 486.06 Td (12,906) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 392.25 486.06 Td (12,906) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 471.00 486.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 530.25 486.06 Td (\(12,906) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.00 486.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 472.06 Td (Total investment balance, equity earnings \(loss\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 463.06 Td (and cash distributions) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 249.95 463.06 Td (12/31/2013) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 345.00 463.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 392.25 463.06 Td (13,813) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 455.25 463.06 Td (13,813) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 530.25 463.06 Td (\(12,906) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.00 463.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.00 449.06 Td (ADES proportionate share of income from CCS) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.00 440.06 Td (\(1\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 243.75 440.06 Td (2014 activity) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 329.25 440.06 Td (26,613) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 392.25 440.06 Td (26,613) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 471.00 440.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.00 440.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.00 426.06 Td (Recovery of cash distributions in excess of) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.00 417.06 Td (investment balance \(prior to cash distributions\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 243.75 417.06 Td (2014 activity) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 326.25 417.06 Td (\(12,906) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 354.00 417.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 389.25 417.06 Td (\(12,906) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 417.00 417.06 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 471.00 417.05 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.25 417.06 Td (12,906) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.00 403.06 Td (Current year cash distributions from CCS) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 243.75 403.06 Td (2014 activity) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 326.25 403.06 Td (\(43,584) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 354.00 403.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 408.00 403.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 455.25 403.06 Td (43,584) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.00 403.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.00 389.06 Td (Adjustment for current year cash distributions) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.00 380.06 Td (in excess of investment balance) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 243.75 380.06 Td (2014 activity) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 329.25 380.06 Td (29,877) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 392.25 380.06 Td (29,877) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 471.00 380.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 530.25 380.06 Td (\(29,877) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.00 380.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 366.06 Td (Total investment balance, equity earnings \(loss\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 357.06 Td (and cash distributions) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 249.95 357.06 Td (12/31/2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 301.00 357.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 345.00 357.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.00 357.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 392.25 357.06 Td (43,584) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 427.00 357.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 455.25 357.06 Td (43,584) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 490.00 357.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 530.25 357.06 Td (\(29,877) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.00 357.06 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 336.10 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 63.98 336.10 Td (The amounts of the Company's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 191.04 336.10 Td (42.5%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 216.87 336.10 Td ( proportionate share of net income as shown in the table above dif) Tj ET Q q 0 0 0 rg BT 480.50 336.10 Td (fer from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 324.10 Td (mathematical calculations of the Company) Tj ET Q q 0 0 0 rg BT 223.83 324.10 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 230.22 324.10 Td (42.5%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.05 324.10 Td ( equity interest in CCS multiplied by the amounts of Net Income available ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 312.10 Td (to Class ) Tj ET Q q 0 0 0 rg BT 83.90 312.10 Td (A) Tj ET Q q 0 0 0 rg BT 90.57 312.10 Td ( members as shown in the table above of CCS results of operations due to adjustments related to the Redeemable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 300.10 Td (Class B preferred return and the elimination of CCS earnings attributable to RCM6, of which the Company owned ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.74 300.10 Td (24.95%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.57 300.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 288.10 Td (during the year ended December 31, 2014. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 264.10 Td (As a result of earnings and cash flows from invested RC facilities, CCS distributed $43.6 million in cash that resulted in equity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 252.10 Td (method earnings during 2014, compared to distributions and earnings of $13.8 million during 2013. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 228.10 Td (Equity earnings from our interest in CCSS increased by $1.9 million in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.91 228.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.91 228.10 Td ( as compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.44 228.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.44 228.10 Td (, primarily due to an increase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 216.10 Td (in the number of RC facilities being operated by CCSS. ) Tj ET Q q 0 0 0 rg BT 275.06 216.10 Td (The weighted-average number of RC facilities for which CCSS had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 204.10 Td (operating and maintenance agreements in place, based upon the number of months each facility was operated during the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 192.10 Td (respective years, increased year over year) Tj ET Q q 0 0 0 rg BT 216.02 192.10 Td (. ) Tj ET Q q 0 0 0 rg BT 220.46 192.10 Td (As of December 31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.49 192.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.49 192.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.93 192.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.93 192.10 Td (, CCSS had operating and maintenance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 180.10 Td (agreements with 17 and 12 RC facilities, respectively) Tj ET Q q 0 0 0 rg BT 263.18 180.10 Td (. CCSS derives earnings both from fixed-fee arrangements as well as fees ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 168.10 Td (that are tied to actual RC production, depending upon the specific RC facility operating and maintenance agreement.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 144.10 Td (During February 2014, we purchased a membership interest in RCM6 and recognized equity method losses resulting from the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 132.10 Td (operation of the RC facility owned by RCM6, which generated tax credits and tax benefits available to the Company) Tj ET Q q 0 0 0 rg BT 516.17 132.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 108.10 Td (Although all of our deferred tax assets have a full valuation allowance recorded against them as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.69 108.10 Td (December31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.27 108.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 96.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 96.10 Td (, we earned the following tax credits which may be available for future benefit related to the operation of retained RC ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 84.10 Td (facilities: ) Tj ET Q endstream endobj 107 0 obj <> endobj 108 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (50) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 720.50 354.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 720.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 720.50 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.50 720.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 720.50 75.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 733.5 m 482.5 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 733.5 m 486.5 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 733.5 m 561.5 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 720.5 m 403.5 720.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 733.5 m 482.5 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 720.5 m 482.5 720.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 733.5 m 486.5 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 720.5 m 486.5 720.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 733.5 m 561.5 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 720.5 m 561.5 720.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 720.5 m 403.5 720.5 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 438.05 737.73 Td (Years Ended December 31,) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 52.00 724.75 Td (\(in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 436.50 724.73 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 515.50 724.73 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 710.17 Td (IRC Section 45 tax credits earned) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.00 710.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.15 710.17 Td (25,817) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.00 710.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 710.17 Td (15,366) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.00 Td (Additional information related to equity method investments can be found in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.65 682.00 Td (Note 7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.59 682.00 Td ( to our Consolidated Financial Statements.) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 656.6669921875 m 143.0224609375 656.6669921875 l s q 0 0 0 rg BT 50.00 658.00 Td (Royalties, related party) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 143.02 658.00 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.00 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.44 646.00 Td (December31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.03 646.00 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.47 646.00 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 192.47 646.00 Td (, RC was produced at six and three RC facilities, respectively) Tj ET Q q 0 0 0 rg BT 437.30 646.00 Td (, using M-45) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 488.70 650.53 Td (TM) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.44 646.00 Td ( and M-45-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.00 Td (PC) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 62.23 638.53 Td (TM ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.60 634.00 Td (technologies, which CCS licenses from us. During the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.99 634.00 Td (December31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.58 634.00 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.02 634.00 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.02 634.00 Td (, there was 12.4 million ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.00 Td (tons and 5.1 million tons of RC produced at those facilities, respectively) Tj ET Q q 0 0 0 rg BT 338.46 622.00 Td (. ) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 596.6669921875 m 114.3212890625 596.6669921875 l s q 0 0 0 rg BT 50.00 598.00 Td (Inter) Tj ET Q q 0 0 0 rg BT 69.07 598.00 Td (est expense) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 114.32 598.00 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.00 Td (Interest expense increased in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 167.72 586.00 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.72 586.00 Td ( compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.43 586.00 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.43 586.00 Td ( by $2.1 million due to the increase in RC facilities on which CCS ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.00 Td (recognized installment sales for tax purposes from five to 1) Tj ET Q q 0 0 0 rg BT 287.06 574.00 Td (1. IRC section 453A) Tj ET Q q 0 0 0 rg BT 368.73 574.00 Td ( requires taxpayers using the installment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.00 Td (method to pay an interest char) Tj ET Q q 0 0 0 rg BT 170.61 562.00 Td (ge on the portion of the tax liability that was deferred under the installment method. ) Tj ET Q q 0 0 0 rg BT 508.12 562.00 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.00 Td (following table shows the balance of the tax liability that has been deferred and the applicable interest rate to calculate 453A) Tj ET Q q 0 0 0 rg BT 547.59 550.00 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.00 Td (interest:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 501.50 354.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 501.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 501.50 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.50 501.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 501.50 75.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 514.5 m 482.5 514.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 514.5 m 486.5 514.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 514.5 m 561.5 514.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 501.5 m 403.5 501.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 514.5 m 482.5 514.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 501.5 m 482.5 501.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 514.5 m 486.5 514.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 501.5 m 486.5 501.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 514.5 m 561.5 514.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 501.5 m 561.5 501.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 501.5 m 403.5 501.5 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 450.95 518.73 Td (As of December 31,) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 52.00 505.75 Td (\(in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 436.50 505.73 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 515.50 505.73 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 491.17 Td (Tax liability deferred on installment sales \(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.00 491.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.15 491.17 Td (120,129) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.00 491.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 491.17 Td (43,777) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 476.17 Td (Interest rate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 476.17 Td (3.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.65 476.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 476.17 Td (3.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 476.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 448.00 Td (\(1\) Represents the approximate tax ef) Tj ET Q q 0 0 0 rg BT 200.04 448.00 Td (fected liability related to the deferred gain on installment sales. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 424.00 Td (Additionally) Tj ET Q q 0 0 0 rg BT 99.90 424.00 Td (, interest expense increased by $2.2 million related to a note payable used to finance our purchase of RCM6 in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 412.00 Td (February 2014. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 388.00 Td (Income tax expense) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 133.32 388.00 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 376.00 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 376.00 Td (e did not recognize any federal income tax expense \(benefit\) during the years ended December 31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.85 376.00 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.85 376.00 Td ( or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.18 376.00 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.18 376.00 Td ( as a result of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 364.00 Td (recording full valuation allowances against all of our net deferred tax assets in all jurisdictions. However) Tj ET Q q 0 0 0 rg BT 468.35 364.00 Td (, we did recognize ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 352.00 Td (state income tax expense for the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 231.04 352.00 Td (December31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.62 352.00 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.06 352.00 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.06 352.00 Td ( of $0.3 million and $0.5 million, respectively) Tj ET Q q 0 0 0 rg BT 532.27 352.00 Td (. See ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 340.00 Td (Note 16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.94 340.00 Td ( in our Consolidated Financial Statements for additional information. ) Tj ET Q endstream endobj 109 0 obj <> endobj 110 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (51) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Business Segments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.25 Td (As discussed in Item 1 and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 159.99 730.25 Td (Note 17) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 191.92 730.25 Td ( of the Consolidated Financial Statements, during the fourth quarter of 2015, the Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.25 Td (realigned is operating segments into two reportable segments: \(1\) Refined Coal \("RC"\); and \(2\) Emissions Control \("EC"\). ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.25 Td (Following the realignment, the Company retroactively adjusted all segment related disclosures included within the notes to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.25 Td (Consolidated Financial Statements as well as within this Item. ) Tj ET Q q 0 0 0 rg BT 300.89 694.25 Td (The business segment measurements are computed in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.25 Td (accordance with the principles listed below: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.60 665.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.60 665.25 Td (The accounting policies of the operating segments are the same as those described in the summary of significant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.60 653.25 Td (accounting policies except as described below) Tj ET Q q 0 0 0 rg BT 269.60 653.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.60 636.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.60 636.25 Td (Segment revenues include the Company's equity method earnings and losses from the Company's equity method ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.60 624.25 Td (investments. Segment revenue also includes the Company's royalty earnings from CCS. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.60 607.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.60 607.25 Td (Segment operating income \(loss\) includes the Company's equity method earnings and losses from the Company's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.60 595.25 Td (equity method investments and royalty earnings from CCS. However) Tj ET Q q 0 0 0 rg BT 362.09 595.25 Td (, segment operating income \(loss\) excludes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.60 583.25 Td (Payroll and benefits) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 165.58 583.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 170.58 583.25 Td (Rent and occupancy) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 251.01 583.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.01 583.25 Td (Legal and professional fees) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.69 583.25 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.63 583.25 Td (General and administrative) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.92 583.25 Td ( \("Corporate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.60 571.25 Td (general and administrative expenses"\) as well as depreciation and amortization expense, unless otherwise specifically ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.60 559.25 Td (included as the Company does not allocate those amounts between segments.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.60 542.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.60 542.25 Td (Items not included in consolidated operating income are excluded from segment operating income except for 453A) Tj ET Q q 0 0 0 rg BT 545.73 542.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.60 530.25 Td (interest and RCM6 interest expense, which is directly attributable to our RC segment.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 506.25 Td (The principal products and services of our segments are: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 482.25 Td (1. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 482.25 Td (RC - Our RC segment derives its earnings from equity method investments as well as royalty payment streams and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 470.25 Td (other revenues related to enhanced combustion of and reduced emissions of both NO) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 425.90 469.11 Td (X) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.65 470.25 Td ( and mercury from the burning ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 458.25 Td (of coals. ) Tj ET Q q 0 0 0 rg BT 122.20 458.25 Td (The Company's equity method investments related to the RC segment include CCS, CCSS and RCM6. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 446.25 Td (Segment revenues includes the Company's equity method earnings and losses from the Company's equity method ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 434.25 Td (investments and royalty earnings from CCS. ) Tj ET Q q 0 0 0 rg BT 266.07 434.25 Td (These earnings are included within the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.24 434.25 Td (Earnings from equity method ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 422.25 Td (investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.77 422.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.21 422.25 Td (Royalties, related party) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.23 422.25 Td ( line items in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 315.39 422.25 Td (Consolidated Statements of Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.75 422.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 410.25 Td (2. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 410.25 Td (EC - Our EC segment includes revenues and related expenses from the sale of ) Tj ET Q q 0 0 0 rg BT 400.35 410.25 Td (ACI and DSI equipment systems, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 398.25 Td (consulting services and chemical and other sales related to the reduction of emissions in the coal-fired electric ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 386.25 Td (generation process and the electric utility industry) Tj ET Q q 0 0 0 rg BT 285.29 386.25 Td (. ) Tj ET Q q 0 0 0 rg BT 290.11 386.25 Td (The fabrication of ) Tj ET Q q 0 0 0 rg BT 364.24 386.25 Td (ACI systems is lar) Tj ET Q q 0 0 0 rg BT 437.67 386.25 Td (gely dependent upon third ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 374.25 Td (party manufacturers. ) Tj ET Q q 0 0 0 rg BT 171.06 374.25 Td (W) Tj ET Q q 0 0 0 rg BT 179.70 374.25 Td (e historically have fabricated DSI systems through our subsidiary BCSI, however) Tj ET Q q 0 0 0 rg BT 505.06 374.25 Td (, we closed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 362.25 Td (the fabrication facility during the fourth quarter of 2015 and future fabrication will occur through the use of third party ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 350.25 Td (manufacturers. ) Tj ET Q q 0 0 0 rg BT 148.01 350.25 Td (These amounts are included within the respective revenue and cost of sales line items in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 338.25 Td (Consolidated Statements of Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.36 338.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 314.25 Td (Management uses segment operating income \(loss\) to measure profitability and performance at the segment level. Management ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 302.25 Td (believes segment operating income \(loss\) provides investors with a useful measure of our operating performance and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 290.25 Td (underlying trends of the businesses. Segment operating income \(loss\) may not be indicative of our overall consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 278.25 Td (performance and therefore, should be read in conjunction with our consolidated results of operations. ) Tj ET Q endstream endobj 111 0 obj <> endobj 112 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (52) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (The following table presents our operating segment results for the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.02 742.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.60 742.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.60 742.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.60 742.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.04 742.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.04 742.10 Td (: ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 697.60 262.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 311.50 697.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 315.50 697.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 697.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 697.60 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 697.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 697.60 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 460.50 697.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.50 697.60 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.50 697.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 514.50 697.60 47.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 667.60 262.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 311.50 667.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 315.50 667.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 667.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 667.60 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 667.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 667.60 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 460.50 667.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.50 667.60 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.50 667.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 514.50 667.60 47.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 637.60 262.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 311.50 637.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 315.50 637.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 637.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 637.60 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 637.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 637.60 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 460.50 637.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.50 637.60 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.50 637.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 514.50 637.60 47.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 607.60 262.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 311.50 607.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 315.50 607.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 607.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 607.60 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 607.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 607.60 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 460.50 607.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.50 607.60 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.50 607.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 514.50 607.60 47.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 577.60 262.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 311.50 577.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 315.50 577.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 577.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 577.60 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 577.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 577.60 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 460.50 577.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.50 577.60 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.50 577.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 514.50 577.60 47.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 547.60 262.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 311.50 547.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 315.50 547.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 547.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 547.60 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 547.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 547.60 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 460.50 547.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.50 547.60 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.50 547.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 514.50 547.60 47.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 517.60 262.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 311.50 517.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 315.50 517.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 517.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 517.60 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 517.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 517.60 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 460.50 517.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.50 517.60 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.50 517.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 514.50 517.60 47.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 488.60 262.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 311.50 488.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 315.50 488.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 488.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 488.60 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 488.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 488.60 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 460.50 488.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.50 488.60 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.50 488.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 514.50 488.60 47.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 458.60 262.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 311.50 458.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 315.50 458.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 458.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 458.60 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 458.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 458.60 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 460.50 458.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.50 458.60 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.50 458.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 514.50 458.60 47.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 428.60 262.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 311.50 428.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 315.50 428.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 428.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 428.60 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 428.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 428.60 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 460.50 428.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.50 428.60 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.50 428.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 514.50 428.60 47.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 388.60 262.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 311.50 388.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 315.50 388.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 388.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 388.60 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 388.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 388.60 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 460.50 388.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.50 388.60 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.50 388.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 514.50 388.60 47.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 358.60 262.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 311.50 358.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 315.50 358.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 358.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 358.60 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 358.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 358.60 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 460.50 358.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.50 358.60 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.50 358.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 514.50 358.60 47.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315.5 718.6 m 360.5 718.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360.5 718.6 m 364.5 718.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364.5 718.6 m 410.5 718.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.5 718.6 m 414.5 718.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 718.6 m 460.5 718.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 718.6 m 510.5 718.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 718.6 m 514.5 718.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 514.5 718.6 m 561.5 718.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 697.6 m 311.5 697.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315.5 697.6 m 360.5 697.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364.5 718.6 m 410.5 718.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364.5 697.6 m 410.5 697.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 718.6 m 460.5 718.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 697.6 m 460.5 697.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 718.6 m 510.5 718.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 697.6 m 510.5 697.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 718.6 m 514.5 718.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 514.5 718.6 m 561.5 718.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 514.5 697.6 m 561.5 697.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315.5 622.6 m 360.5 622.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364.5 622.6 m 410.5 622.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 622.6 m 460.5 622.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 622.6 m 510.5 622.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 514.5 622.6 m 561.5 622.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315.5 547.6 m 360.5 547.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364.5 547.6 m 410.5 547.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 547.6 m 460.5 547.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 547.6 m 510.5 547.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 514.5 547.6 m 561.5 547.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315.5 532.6 m 360.5 532.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315.5 518.6 m 360.5 518.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315.5 516.6 m 360.5 516.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364.5 532.6 m 410.5 532.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364.5 518.6 m 410.5 518.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364.5 516.6 m 410.5 516.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 532.6 m 460.5 532.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 518.6 m 460.5 518.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 516.6 m 460.5 516.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 532.6 m 510.5 532.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 518.6 m 510.5 518.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 516.6 m 510.5 516.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 514.5 532.6 m 561.5 532.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 514.5 518.6 m 561.5 518.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 514.5 516.6 m 561.5 516.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315.5 458.6 m 360.5 458.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364.5 458.6 m 410.5 458.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 458.6 m 460.5 458.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460.5 458.6 m 464.5 458.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 458.6 m 510.5 458.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 458.6 m 514.5 458.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 514.5 458.6 m 561.5 458.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315.5 428.6 m 360.5 428.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315.5 414.6 m 360.5 414.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315.5 412.6 m 360.5 412.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364.5 428.6 m 410.5 428.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364.5 414.6 m 410.5 414.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364.5 412.6 m 410.5 412.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 428.6 m 460.5 428.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 414.6 m 460.5 414.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 412.6 m 460.5 412.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 428.6 m 510.5 428.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 414.6 m 510.5 414.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 412.6 m 510.5 412.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 514.5 428.6 m 561.5 428.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 514.5 414.6 m 561.5 414.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 514.5 412.6 m 561.5 412.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315.5 358.6 m 360.5 358.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315.5 344.6 m 360.5 344.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315.5 342.6 m 360.5 342.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364.5 358.6 m 410.5 358.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364.5 344.6 m 410.5 344.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364.5 342.6 m 410.5 342.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 358.6 m 460.5 358.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 344.6 m 460.5 344.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 342.6 m 460.5 342.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 358.6 m 510.5 358.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 344.6 m 510.5 344.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 342.6 m 510.5 342.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 514.5 358.6 m 561.5 358.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 514.5 344.6 m 561.5 344.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 514.5 342.6 m 561.5 342.6 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 722.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 341.55 722.83 Td (Years Ended December 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 499.35 722.83 Td (Change) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 52.00 701.85 Td (\(in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 329.50 701.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 379.00 701.83 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 429.00 701.83 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 482.30 701.83 Td (\($\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 532.80 701.83 Td (\($\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 687.27 Td (Revenues:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 672.28 Td (Refined Coal:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 657.27 Td (Earnings from equity method investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.00 657.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.15 657.27 Td (8,921) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.00 657.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.10 657.27 Td (42,712) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.00 657.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.10 657.27 Td (15,502) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.00 657.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.80 657.32 Td (\(33,791) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.65 657.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.00 657.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.10 657.27 Td (27,210) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 642.27 Td (Consulting services) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.65 642.27 Td (55) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.65 642.27 Td (665) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.15 642.27 Td (1,330) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.30 642.32 Td (\(610) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.65 642.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.30 642.32 Td (\(665) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 642.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 627.27 Td (Royalties, related party) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.10 627.27 Td (10,642) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.15 627.27 Td (6,410) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.15 627.27 Td (2,505) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.15 627.27 Td (4,232) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 627.27 Td (3,905) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.10 612.27 Td (19,618) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.10 612.27 Td (49,787) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.10 612.27 Td (19,337) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.80 612.32 Td (\(30,169) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.65 612.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.10 612.27 Td (30,450) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 597.28 Td (Emissions Contr) Tj ET Q q 0 0 0 rg BT 122.66 597.28 Td (ol:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 582.27 Td (Equipment sales) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.10 582.27 Td (60,099) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.10 582.27 Td (12,044) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.15 582.27 Td (5,747) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.10 582.27 Td (48,055) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 582.27 Td (6,297) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 567.27 Td (Consulting services) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.15 567.27 Td (1,697) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.15 567.27 Td (3,823) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.15 567.27 Td (5,460) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.80 567.32 Td (\(2,126) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.65 567.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 567.32 Td (\(1,637) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 567.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 552.27 Td (Chemical and other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.65 552.27 Td (888) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.65 552.27 Td (391) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.65 552.27 Td (749) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.65 552.27 Td (497) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.30 552.32 Td (\(358) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 552.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.10 537.27 Td (62,684) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.10 537.27 Td (16,258) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.10 537.27 Td (11,956) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.10 537.27 Td (46,426) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 537.27 Td (4,302) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 522.27 Td (Total segment reporting revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.00 522.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.10 522.27 Td (82,302) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.00 522.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.10 522.27 Td (66,045) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.00 522.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.10 522.27 Td (31,293) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.00 522.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.10 522.27 Td (16,257) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.00 522.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.10 522.27 Td (34,752) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 507.27 Td (Adjustments to reconcile to reported revenues:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 493.28 Td (Refined Coal:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 478.27 Td (Earnings from equity method investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.00 478.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.80 478.32 Td (\(8,921) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.65 478.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.00 478.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.80 478.32 Td (\(42,712) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.65 478.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.00 478.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.80 478.32 Td (\(15,502) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 478.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.10 478.27 Td (33,791) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.80 478.32 Td (\(27,210) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 478.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 463.27 Td (Royalties, related party) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.80 463.32 Td (\(10,642) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.65 463.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.80 463.32 Td (\(6,410) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.65 463.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.80 463.32 Td (\(2,505) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 463.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.80 463.32 Td (\(4,232) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.65 463.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 463.32 Td (\(3,905) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 463.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.80 448.32 Td (\(19,563) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.65 448.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.80 448.32 Td (\(49,122) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.65 448.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.80 448.32 Td (\(18,007) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 448.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.10 448.27 Td (29,559) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.80 448.32 Td (\(31,115) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 448.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 418.27 Td (Total reported revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.10 418.27 Td (62,739) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.10 418.27 Td (16,923) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.10 418.27 Td (13,286) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.10 418.27 Td (45,816) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 418.27 Td (3,637) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 393.27 Td (Segment reporting operating income \(loss\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 378.27 Td (Refined Coal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.00 378.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.10 378.27 Td (12,131) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.00 378.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.10 378.27 Td (42,094) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.00 378.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.10 378.27 Td (16,227) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.00 378.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.80 378.32 Td (\(29,963) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.65 378.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.00 378.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.10 378.27 Td (25,867) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 363.27 Td (Emissions Control) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.80 363.32 Td (\(7,583) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.65 363.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.80 363.32 Td (\(13,348) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.65 363.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.80 363.32 Td (\(14,494) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 363.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.15 363.27 Td (5,765) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 363.27 Td (1,146) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 348.27 Td (Total segment operating income \(loss\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.00 348.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.15 348.27 Td (4,548) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.00 348.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.10 348.27 Td (28,746) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.00 348.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.15 348.27 Td (1,733) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.00 348.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.80 348.32 Td (\(24,198) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.65 348.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.00 348.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.10 348.27 Td (27,013) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 320.10 Td (A) Tj ET Q q 0 0 0 rg BT 56.67 320.10 Td ( reconciliation of segment operating income \(loss\) to consolidated net income \(loss\) is included within ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.07 320.10 Td (Note 17) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.01 320.10 Td ( of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 308.10 Td (Consolidated Financial Statements.) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 282.7669921875 m 62.7783203125 282.7669921875 l s q 0 0 0 rg BT 50.00 284.10 Td (RC) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 272.10 Td (The following table details the segment revenues of the Company's respective equity method investments:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 235.60 290.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 235.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 235.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 235.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 235.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 235.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 235.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 205.60 290.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 205.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 205.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 205.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 205.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 205.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 205.60 70.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 248.60000000000002 m 413.5 248.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 235.60000000000002 m 339.5 235.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 248.60000000000002 m 413.5 248.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 235.60000000000002 m 413.5 235.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 248.60000000000002 m 487.5 248.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 235.60000000000002 m 487.5 235.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 248.60000000000002 m 561.5 248.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 235.60000000000002 m 561.5 235.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 235.60000000000002 m 487.5 235.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 235.60000000000002 m 561.5 235.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 190.60000000000002 m 413.5 190.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 176.60000000000002 m 413.5 176.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 174.60000000000002 m 413.5 174.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 190.60000000000002 m 487.5 190.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 176.60000000000002 m 487.5 176.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 174.60000000000002 m 487.5 174.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 190.60000000000002 m 561.5 190.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 176.60000000000002 m 561.5 176.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 174.60000000000002 m 561.5 174.60000000000002 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 408.60 252.83 Td (Year ended December 31,) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 52.00 239.85 Td (\(in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 370.00 239.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 444.00 239.83 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 518.00 239.83 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 226.17 Td (Earnings from CCS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.00 225.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.15 225.27 Td (8,651) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.00 225.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 225.27 Td (43,584) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.00 225.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 225.27 Td (13,813) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 211.17 Td (Earnings from CCSS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.15 210.27 Td (4,838) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 210.27 Td (3,625) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 210.27 Td (1,689) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 196.17 Td (Loss from RCM6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.80 195.32 Td (\(4,568) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.65 195.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.80 195.32 Td (\(4,497) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.65 195.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 195.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 180.27 Td (Earnings from equity method investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.00 180.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.15 180.27 Td (8,921) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.00 180.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 180.27 Td (42,712) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.00 180.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 180.27 Td (15,502) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 152.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 152.10 Td (e recognized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 111.94 152.10 Td ($8.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 160.83 152.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 165.83 152.10 Td ($43.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.72 152.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 239.16 152.10 Td ($13.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.05 152.10 Td ( of equity income from CCS for the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.00 152.10 Td (December 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 551.59 152.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 140.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 140.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.44 140.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.44 140.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 162.10 140.10 Td (, compared to our proportionate share of CCS' net income of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.62 140.10 Td ($35.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.51 140.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.51 140.10 Td ($26.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.40 140.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 538.84 140.10 Td ($8.9 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 128.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 128.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 131.55 128.10 Td (. ) Tj ET Q q 0 0 0 rg BT 136.37 128.10 Td (The dif) Tj ET Q q 0 0 0 rg BT 165.35 128.10 Td (ference between our pro-rata share of CCS's net income \(loss\) and our earnings from our CCS ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 116.10 Td (equity method investment as reported on our Consolidated Statements of Operations relates to the Company receiving ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 104.10 Td (cumulative distributions in excess of our share of cumulative CCS earnings, and therefore recognizing such excess distributions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 92.10 Td (as equity method earnings in the period the distributions occur) Tj ET Q q 0 0 0 rg BT 299.12 92.10 Td (. ) Tj ET Q q 0 0 0 rg BT 303.94 92.10 Td (When CCS subsequently reports net income, we will only ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 80.10 Td (recognize income to the extent of cash distributions, until such time as the cumulative amount of earnings equals the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 68.10 Td (cumulative amount of distributions; thereafter) Tj ET Q q 0 0 0 rg BT 233.44 68.10 Td (, we will recognize our proportionate share of net income \(loss\). ) Tj ET Q endstream endobj 113 0 obj <> endobj 114 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (53) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (Additional discussion of our equity method investments is included above within our consolidated results and in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.60 742.10 Td (Note 7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.54 742.10 Td ( of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (Consolidated Financial Statements. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (During the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.52 706.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.11 706.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.11 706.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.11 706.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.54 706.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.54 706.10 Td (, there was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.08 706.10 Td (22.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.97 706.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.97 706.10 Td (12.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.87 706.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.30 706.10 Td (5.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.20 706.10 Td ( tons, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 97.66 694.10 Td (, of RC produced using M-45) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 215.43 698.63 Td (TM) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 225.18 694.10 Td ( and M-45-PC) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 282.40 698.63 Td (TM ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.77 694.10 Td (technologies, which CCS licensed from us beginning in July 2012. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (These increases in tons produced were driven by increases in the number of RC facilities using the M-45) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 469.05 686.63 Td (TM) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.80 682.10 Td ( and M-45-PC) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 536.02 686.63 Td (TM ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (technologies. ) Tj ET Q q 0 0 0 rg BT 105.36 670.10 Td (W) Tj ET Q q 0 0 0 rg BT 114.00 670.10 Td (e expect an increase in royalties in 2016 as a result of an increase in RC facilities using our technologies and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (the tons of RC produced at those facilities.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (Consulting services previously provided to CCS and CCSS related to the installation of RC facilities has decreased as the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (material work related to those projects was significantly completed during 2013 and 2014. ) Tj ET Q q 0 0 0 rg BT 413.61 622.10 Td (The Company does not expect that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (consulting services related to the RC segment will be material in the future.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (Segment operating income \(loss\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.41 586.10 Td (decreased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.83 586.10 Td ( during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 254.94 586.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.94 586.10 Td ( compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.64 586.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.64 586.10 Td ( due to the decrease in revenues, driven by the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (decrease in cash distributions from CCS and a $1.2 million increase in 453A) Tj ET Q q 0 0 0 rg BT 355.78 574.10 Td ( interest, of) Tj ET Q q 0 0 0 rg BT 400.86 574.10 Td (fset by an increase in CCSS earnings of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td ($1.2 million and Royalties related to CCS's use of our M-45 License of $4.2 million, as discussed within our consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (results of operations. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (Segment operating income \(loss\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.41 526.10 Td (increased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.17 526.10 Td ( during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.28 526.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.28 526.10 Td ( compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.98 526.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.98 526.10 Td ( due to the increase in revenues, of) Tj ET Q q 0 0 0 rg BT 486.63 526.10 Td (fset by a $4.4 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (million increase in interest expense due to 453A) Tj ET Q q 0 0 0 rg BT 242.45 514.10 Td ( interest and the Company's purchase of an interest in RCM6, as discussed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (within our consolidated results of operations. ) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 476.7669921875 m 62.7783203125 476.7669921875 l s q 0 0 0 rg BT 50.00 478.10 Td (EC) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (During the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.52 466.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.11 466.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.54 466.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.54 466.10 Td (, we completed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.86 466.10 Td (32) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.86 466.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.29 466.10 Td (15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.29 466.10 Td ( ) Tj ET Q q 0 0 0 rg BT 368.24 466.10 Td (ACI systems, recognizing revenues of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.20 466.10 Td ($51.7 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 454.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.33 454.10 Td ($1) Tj ET Q q 0 0 0 rg BT 107.96 454.10 Td (1.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 151.85 454.10 Td ( and costs of revenue of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.59 454.10 Td ($38.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.49 454.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.92 454.10 Td ($8.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.82 454.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 424.48 454.10 Td (. ) Tj ET Q q 0 0 0 rg BT 429.30 454.10 Td (W) Tj ET Q q 0 0 0 rg BT 437.93 454.10 Td (e recognized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.24 454.10 Td ($0.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.13 454.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (zero) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.21 442.10 Td ( on loss provisions related to ) Tj ET Q q 0 0 0 rg BT 183.87 442.10 Td (ACI system contracts in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.74 442.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.74 442.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.18 442.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.18 442.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 394.84 442.10 Td (. ) Tj ET Q q 0 0 0 rg BT 399.66 442.10 Td (W) Tj ET Q q 0 0 0 rg BT 408.30 442.10 Td (e also completed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.99 442.10 Td (seven) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.76 442.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.20 442.10 Td (two) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.20 442.10 Td ( DSI ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (systems and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.11 430.10 Td (two) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 116.11 430.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.55 430.10 Td (five) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 151.09 430.10 Td ( other material handling equipment systems, recognizing revenues of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.35 430.10 Td ($7.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.24 430.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.68 430.10 Td ($0.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.57 430.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (and costs of revenue of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.24 418.10 Td ($5.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 194.14 418.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 213.57 418.10 Td ($0.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.47 418.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 315.13 418.10 Td (. Cost of sales were impacted year over year due to $0.3 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (million and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.33 406.10 Td ($0.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 147.22 406.10 Td ( in loss provisions related to contracts recognized in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.45 406.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.45 406.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.88 406.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.88 406.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 469.55 406.10 Td (, related to DSI ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (contracts. ) Tj ET Q q 0 0 0 rg BT 90.91 394.10 Td (The increase in the completion of equipment contracts was a combination of the timing of entering into the contracts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (and the completion of such contracts.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (During the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.52 358.10 Td (December31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.11 358.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.54 358.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.54 358.10 Td (, we completed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.86 358.10 Td (15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.86 358.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.29 358.10 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.29 358.10 Td ( ) Tj ET Q q 0 0 0 rg BT 363.24 358.10 Td (ACI systems, recognizing revenues of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.20 358.10 Td ($1) Tj ET Q q 0 0 0 rg BT 527.83 358.10 Td (1.1 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 346.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.33 346.10 Td ($3.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 147.22 346.10 Td ( and costs of revenue of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 244.97 346.10 Td ($8.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.86 346.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.30 346.10 Td ($2.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.19 346.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 414.85 346.10 Td (. ) Tj ET Q q 0 0 0 rg BT 419.67 346.10 Td (The decrease in the completion of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (equipment contracts was a combination of the timing of entering into the contracts as well as the extended timing of completed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (contract revenue recognition. ) Tj ET Q q 0 0 0 rg BT 169.21 322.10 Td (W) Tj ET Q q 0 0 0 rg BT 177.85 322.10 Td (e did not record any loss provisions related to ) Tj ET Q q 0 0 0 rg BT 361.98 322.10 Td (ACI contracts in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.57 322.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.57 322.10 Td ( or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.90 322.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.90 322.10 Td (. During the years ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.38 310.10 Td (December31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 154.96 310.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.40 310.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 194.40 310.10 Td (, we also completed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.32 310.10 Td (two) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.32 310.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.76 310.10 Td (seven) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.53 310.10 Td ( DSI systems and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.75 310.10 Td (five) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.29 310.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.73 310.10 Td (six) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.40 310.10 Td ( other material handling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (equipment systems, recognizing revenues of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.95 298.10 Td ($0.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.84 298.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.28 298.10 Td ($2.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.17 298.10 Td ( and costs of revenue of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.92 298.10 Td ($0.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.81 298.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.25 298.10 Td ($6.8 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 286.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 131.55 286.10 Td (. ) Tj ET Q q 0 0 0 rg BT 136.37 286.10 Td (The increase in 2013 was partially due to 2013 being the first full year of BCSI operations, which were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (acquired in the third quarter of 2012. Certain of the DSI long term fixed price contracts were expected to be completed with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (losses. ) Tj ET Q q 0 0 0 rg BT 78.34 262.10 Td (As a result, cost of sales includes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 213.31 262.10 Td ($0.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.20 262.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.64 262.10 Td ($4.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.53 262.10 Td ( in loss provisions in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.82 262.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.82 262.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.26 262.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.26 262.10 Td ( respectively) Tj ET Q q 0 0 0 rg BT 525.42 262.10 Td (, related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (to DSI contracts.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (Consulting service revenues ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 165.25 226.10 Td (decreased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 204.66 226.10 Td ( during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.77 226.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 255.77 226.10 Td ( compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.47 226.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.47 226.10 Td ( due to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.19 226.10 Td (a decrease) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.54 226.10 Td ( in average contract revenue, driven by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td (smaller scale consulting contracts with new customers in 2015 and the Company's reduction in force of personnel providing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (consulting services. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td (Consulting service revenues ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 165.25 178.10 Td (decreased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 204.66 178.10 Td ( during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.77 178.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 255.77 178.10 Td ( compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.47 178.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.47 178.10 Td ( due to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.19 178.10 Td (a decrease) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.54 178.10 Td ( in average contract revenue, driven by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.10 Td (several lar) Tj ET Q q 0 0 0 rg BT 91.18 166.10 Td (ge consulting contracts related to regulatory compliance in 2013 that were replaced by smaller scale consulting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.10 Td (contracts with new customers in 2014. ) Tj ET Q q 0 0 0 rg BT 206.18 154.10 Td (The decrease in consulting service revenues were also due to the Company's reduction ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.10 Td (in force of personnel providing consulting services.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.10 Td (During the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.52 118.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.11 118.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.54 118.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.54 118.10 Td (, the most significant component of Chemicals and other revenues and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.10 Td (costs of revenues were chemical sales related to emissions control technologies. Revenues ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.50 106.10 Td (increased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.25 106.10 Td ( during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.36 106.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.36 106.10 Td ( compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 94.10 Td ( due to an increase in average contract revenue. ) Tj ET Q q 0 0 0 rg BT 261.94 94.10 Td (The increase in revenue is also due to the Company's increased focus on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.10 Td (selling these products to coal-fired power plants to be in compliance with applicable regulations. ) Tj ET Q endstream endobj 115 0 obj <> endobj 116 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (54) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (During the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.52 742.10 Td (December31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.11 742.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.54 742.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.54 742.10 Td (, Chemicals and other revenues ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.28 742.10 Td (decreased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.69 742.10 Td ( year over year due to decreased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (demand from one significant customer upgrading its facilities which decreased the amount of chemicals needed to comply with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (regulatory standards.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (Segment operating loss decreased during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 216.34 694.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.34 694.10 Td ( compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.04 694.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.04 694.10 Td (, which was most significantly impacted by the increase in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (operating income related to the historical EC-ETS segment. ) Tj ET Q q 0 0 0 rg BT 291.14 682.10 Td (This increase was of) Tj ET Q q 0 0 0 rg BT 372.87 682.10 Td (fset by continued losses related to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (historical EC-Manufacturing and R&D segments in excess of $6.6 million and $6.7 million, respectively) Tj ET Q q 0 0 0 rg BT 468.16 670.10 Td (. Losses within the EC ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (segment included restructuring char) Tj ET Q q 0 0 0 rg BT 193.38 658.10 Td (ges of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 220.04 658.10 Td ($5.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.93 658.10 Td (, of which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.70 658.10 Td ($1.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.59 658.10 Td ( related to impairment char) Tj ET Q q 0 0 0 rg BT 468.70 658.10 Td (ges recorded for ) Tj ET Q q 0 0 0 rg BT 535.61 658.10 Td (ADA) Tj ET Q q 0 0 0 rg BT 556.72 658.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (Analytics. Due to restructuring activities and the continued alignment of the business with strategic objectives, the Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (believes operating losses related to the EC segment will decrease in 2016 and beyond.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (Segment operating loss decreased during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 216.34 610.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.34 610.10 Td ( compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.04 610.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.04 610.10 Td ( most significantly impacted by the increase in operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (income related to equipment and decreases in research and development due to a CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 389.59 596.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.84 598.10 Td ( research project for which the most ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (material expenses related to the construction of equipment occurred during 2013, of) Tj ET Q q 0 0 0 rg BT 385.26 586.10 Td (fset by increases in headcount, restructuring ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (char) Tj ET Q q 0 0 0 rg BT 67.03 574.10 Td (ges and legal and professional fees, most significantly due to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.80 574.10 Td ($1.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.69 574.10 Td ( of accrued expense related to the termination of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (the consulting agreement with the DSI Business Owner) Tj ET Q q 0 0 0 rg BT 271.35 562.10 Td (. ) Tj ET Q endstream endobj 117 0 obj <> endobj 118 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (55) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Liquidity and Capital Resour) Tj ET Q q 0 0 0 rg BT 175.68 742.25 Td (ces ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 724.25 Td (Overview of Factors ) Tj ET Q q 0 0 0 rg BT 134.52 724.25 Td (Affecting Our Liquidity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 712.25 Td (During ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.83 712.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 100.83 712.25 Td ( our working capital and cash balances continued to decline, due principally to continued losses. Such losses were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 700.25 Td (driven primarily by poor operating performance related to DSI equipment, which is included within the Emissions Control ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 688.25 Td (segment as of December 31, 2015, substantial and continuing expenditures required to fund the Restatement activities, and a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 676.25 Td (significant reduction in the receipt of cash distributions from CCS. ) Tj ET Q q 0 0 0 rg BT 318.94 676.25 Td (This deterioration of working capital directly necessitated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 664.25 Td (the securing of the loan transaction described below) Tj ET Q q 0 0 0 rg BT 257.33 664.25 Td (. ) Tj ET Q q 0 0 0 rg BT 262.15 664.25 Td (W) Tj ET Q q 0 0 0 rg BT 270.79 664.25 Td (e expect that pressure on our working capital will continue until such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 652.25 Td (time as all Restatement activities are completed, including resolution of the SEC inquiry and the conclusion of the private ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 640.25 Td (litigation described in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.70 640.25 Td (Note 14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 171.64 640.25 Td ( to the consolidated financial statements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.25 Td (Our principal sources of liquidity currently include:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 604.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 604.25 Td (cash on hand;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 592.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 592.25 Td (distributions from CCS and CCSS; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 580.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 580.25 Td (royalty payments from CCS; and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 568.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 568.25 Td (proceeds from the securing of debt facilities, such as the $15 million term loan obtained in October 2015, as described ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 556.25 Td (below) Tj ET Q q 0 0 0 rg BT 109.79 556.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 544.25 Td (In November 2013, we received net proceeds from a common stock of) Tj ET Q q 0 0 0 rg BT 331.94 544.25 Td (fering of $29.0 million, which were used for general ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 532.25 Td (operating needs. ) Tj ET Q q 0 0 0 rg BT 117.48 532.25 Td (Additionally) Tj ET Q q 0 0 0 rg BT 167.38 532.25 Td (, in September 2013, we entered into a 2013 Loan and Security ) Tj ET Q q 0 0 0 rg BT 421.76 532.25 Td (Agreement with a bank for an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 520.25 Td (aggregate principal amount of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.73 520.25 Td ($10.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.62 520.25 Td ( that is secured by certain amounts due to us from certain CCS RC leases \(the "Line ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 508.25 Td (of Credit"\). ) Tj ET Q q 0 0 0 rg BT 97.69 508.25 Td (As amended, the Line of Credit is available until May 31, 2016. Since June 2014, we have been unable to borrow ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 496.25 Td (from our Line of Credit as a result of not being in compliance with certain covenants related to its loan agreement. No ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 484.25 Td (borrowings were outstanding as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 190.81 484.25 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.39 484.25 Td ( or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.72 484.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.72 484.25 Td (. Prior to June 2014, the Line of Credit was used primarily to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 472.25 Td (provide collateral support for certain Letters of Credit that had been issued to customers related to certain contractual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 460.25 Td (performance and payment guarantees, typically provided in lieu of surety bonds. Upon notification of such covenant non-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 448.25 Td (compliance, we were required to secure such letters of credit with cash collateral. In addition, we are required to provide cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 436.25 Td (collateral to certain other financial institutions that have issued letters of credit providing security for continuing royalty ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 424.25 Td (indemnification obligations related to the settlement of certain litigation. ) Tj ET Q q 0 0 0 rg BT 342.51 424.25 Td (The collateral amounts are disclosed on our balance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 412.25 Td (sheets as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.77 412.25 Td (Restricted cash) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 148.58 412.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.58 412.25 Td (Restricted cash, long-term) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.82 412.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.26 412.25 Td (Investment securities, restricted, long-term) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.59 412.25 Td (. ) Tj ET Q q 0 0 0 rg BT 454.04 412.25 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.49 412.25 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.07 412.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 400.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.94 400.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.94 400.25 Td (, these collateral amounts totaled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 220.78 400.25 Td ($12.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.67 400.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.11 400.25 Td ($1) Tj ET Q q 0 0 0 rg BT 303.74 400.25 Td (1.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.63 400.25 Td (, respectively) Tj ET Q q 0 0 0 rg BT 400.29 400.25 Td (. Due to our negative working capital as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 388.25 Td (well as a significant decrease in CCS distributions, we were required to obtain additional financing during the fourth quarter of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 376.25 Td (2015, as discussed below) Tj ET Q q 0 0 0 rg BT 150.45 376.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 359.25 Td (On October 22, 2015, we entered into a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 210.51 359.25 Td ($15.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 264.40 359.25 Td ( short-term loan agreement with Franklin Mutual Quest Fund and MFP) Tj ET Q q 0 0 0 rg BT 548.44 359.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 347.25 Td (Investors LLC \(the "Lenders"\), and ) Tj ET Q q 0 0 0 rg BT 194.05 347.25 Td (W) Tj ET Q q 0 0 0 rg BT 203.09 347.25 Td (ilmington ) Tj ET Q q 0 0 0 rg BT 244.30 347.25 Td (T) Tj ET Q q 0 0 0 rg BT 250.06 347.25 Td (rust, National ) Tj ET Q q 0 0 0 rg BT 306.44 347.25 Td (Association, as the administrative agent and collateral agent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 335.25 Td (\(the Credit ) Tj ET Q q 0 0 0 rg BT 99.43 335.25 Td (Agreement\), which was subsequently amended in 2016 as discussed below) Tj ET Q q 0 0 0 rg BT 403.15 335.25 Td (. Under the original terms and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 323.25 Td (conditions, the Credit ) Tj ET Q q 0 0 0 rg BT 138.33 323.25 Td (Agreement matured on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 232.46 323.25 Td (April22, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.07 323.25 Td (, subject to a three-month extension at the Company's option to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 311.25 Td (extent certain conditions are met. ) Tj ET Q q 0 0 0 rg BT 185.32 311.25 Td (The loan under the Credit ) Tj ET Q q 0 0 0 rg BT 290.01 311.25 Td (Agreement bears interest at a stated annual rate equal to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.03 311.25 Td (10.5%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.86 311.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 299.25 Td (is subject to various prepayment and other premiums if certain events occur) Tj ET Q q 0 0 0 rg BT 352.56 299.25 Td (, including upon certain asset sales or receipts of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 287.25 Td (certain types of cash proceeds outside the ordinary course of business, a change in control or an event of default. Upon closing, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 275.25 Td (we received net proceeds of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 164.11 275.25 Td ($13.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 218.00 275.25 Td (and recorded debt discounts and debt issuance costs of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.27 275.25 Td ($1.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.16 275.25 Td (. ) Tj ET Q q 0 0 0 rg BT 494.98 275.25 Td (The debt ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 263.25 Td (discounts and debt issuance costs are being amortized to interest expense using the ef) Tj ET Q q 0 0 0 rg BT 391.11 263.25 Td (fective interest method over the life of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 251.25 Td (theCredit ) Tj ET Q q 0 0 0 rg BT 91.66 251.25 Td (Agreement. ) Tj ET Q q 0 0 0 rg BT 140.90 251.25 Td (The net proceeds received are being used to fund our working capital needs and for general operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 239.25 Td (purposes. ) Tj ET Q q 0 0 0 rg BT 90.37 239.25 Td (The Credit ) Tj ET Q q 0 0 0 rg BT 135.36 239.25 Td (Agreement may become due prior to maturity) Tj ET Q q 0 0 0 rg BT 317.98 239.25 Td (, based on certain customary events requiring mandatory ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 227.25 Td (prepayment, including upon certain asset sales or receipts of certain types of cash proceeds outside the ordinary course of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 215.25 Td (business, upon a change of control, and upon a default. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 198.25 Td (On February 8, 2016, the Company entered into the first amendment to the Credit ) Tj ET Q q 0 0 0 rg BT 378.82 198.25 Td (Agreement \("First ) Tj ET Q q 0 0 0 rg BT 453.44 198.25 Td (Amendment"\) that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 186.25 Td (extended the 2015 SEC filings date to March 30, 2016. On March 30, 2016, the Company entered into the second amendment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 174.25 Td (to the Credit ) Tj ET Q q 0 0 0 rg BT 101.94 174.25 Td (Agreement \("Second ) Tj ET Q q 0 0 0 rg BT 187.66 174.25 Td (Amendment"\). ) Tj ET Q q 0 0 0 rg BT 249.33 174.25 Td (The Second ) Tj ET Q q 0 0 0 rg BT 298.76 174.25 Td (Amendment extended the maturity date to July 8, 2016, extended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 162.25 Td (the Company's filing date deadline related to its 2015 SEC filings to ) Tj ET Q q 0 0 0 rg BT 324.54 162.25 Td (April 20, 2016, increased the stated interest rate from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 150.25 Td (10.5% to 15.0% and increased the minimum cash balance requirement from $3.0 million to $3.5 million. ) Tj ET Q q 0 0 0 rg BT 471.67 150.25 Td (The Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 138.25 Td (incurred approximately $0.6 million in fees related to the Second ) Tj ET Q q 0 0 0 rg BT 312.43 138.25 Td (Amendment.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 120.25 Td (The Line of Credit has been amended six times \(December 2, 2013, ) Tj ET Q q 0 0 0 rg BT 322.70 120.25 Td (April 3, 2014, September 20, 2014, December 15, 2014, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 108.25 Td (May 29, 2015 and September 30, 2015\), most notably to extend the maturity date. ) Tj ET Q q 0 0 0 rg BT 380.31 108.25 Td (The lender has also provided seven waivers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 96.25 Td (relating to various transactions and obligations to provide financial information to the lender) Tj ET Q q 0 0 0 rg BT 419.35 96.25 Td (. ) Tj ET Q q 0 0 0 rg BT 423.80 96.25 Td (As amended, the Line of Credit is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 84.25 Td (available until May 31, 2016. No amounts were drawn on the Line of Credit during the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.45 84.25 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.03 84.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 72.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 72.25 Td (, respectively) Tj ET Q q 0 0 0 rg BT 122.66 72.25 Td (. ) Tj ET Q q 0 0 0 rg BT 127.11 72.25 Td (As stated above, we are not currently able to draw on the line of credit.) Tj ET Q endstream endobj 119 0 obj <> endobj 120 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (56) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (Our primary uses of liquidity in 2015, in addition to the restricted cash assets described above, include the funding of operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (expenses, royalty indemnification payments, capital expenditures, investments in and advances to non-controlled entities, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (interest expense, most significantly related to 453A) Tj ET Q q 0 0 0 rg BT 255.23 718.10 Td ( interest, RCM6 capital calls \(which are no longer required\), research and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (development costs, as well as the funding of substantial and continuing costs and expenses related to the re-audits of prior year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (financial statements, including litigation and other expenses related thereto. During 2015, we used cash resources to acquire ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (certain assets of InSyst Ltd. and ClearV) Tj ET Q q 0 0 0 rg BT 208.53 682.10 Td (iew Monitoring Solutions Ltd. In addition, during 2015, we used cash resources to fund ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (costs associated with the reduction in force, the departure of certain executive of) Tj ET Q q 0 0 0 rg BT 371.63 670.10 Td (ficers and certain other expenses associated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (with management's alignment of the business with strategic objectives. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 640.10 Td (Our ability to generate suf) Tj ET Q q 0 0 0 rg BT 154.79 640.10 Td (ficient cash flow required to meet ongoing operational needs and to meet our obligations, including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 628.10 Td (the repayment of the loan under the Credit ) Tj ET Q q 0 0 0 rg BT 221.61 628.10 Td (Agreement, depends upon several factors, including executing on our contracts and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 616.10 Td (initiatives, discussed above, receiving royalty payments from CCS and distributions from CCS and CCSS, and our ability to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 604.10 Td (maintain a significant share of the market and increase operational ef) Tj ET Q q 0 0 0 rg BT 325.81 604.10 Td (ficiencies for emissions control equipment, chemicals and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 592.10 Td (services. Distributions from CCS will likely be dependent upon the securing of additional tax equity investors for those CCS ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 580.10 Td (facilities that are currently not operating, or operating as retained RC facilities. If we are unable to generate suf) Tj ET Q q 0 0 0 rg BT 493.53 580.10 Td (ficient cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 568.10 Td (flow) Tj ET Q q 0 0 0 rg BT 67.68 568.10 Td (, we may be unable to meet our operational needs and/or repay our loan when due. Should this be the case, we will seek to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 556.10 Td (refinance the loan or obtain alternative financing. If we are unable to refinance the loan or obtain alternative financing, our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 544.10 Td (lenders would be entitled to take possession of the collateral securing the indebtedness, which includes substantially all of our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 532.10 Td (assets, to the extent permitted by the Credit ) Tj ET Q q 0 0 0 rg BT 225.24 532.10 Td (Agreement and applicable law) Tj ET Q q 0 0 0 rg BT 346.48 532.10 Td (.) Tj ET Q endstream endobj 121 0 obj <> endobj 122 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (57) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Sour) Tj ET Q q 0 0 0 rg BT 70.38 742.25 Td (ces and Uses of Cash) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 724.25 Td (Y) Tj ET Q q 0 0 0 rg BT 54.64 724.25 Td (ear ended December 31, 2015) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 175.44 724.25 Td ( vs. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 191.27 724.25 Td (Y) Tj ET Q q 0 0 0 rg BT 195.91 724.25 Td (ear ended December 31, 2014) Tj ET Q BT /F4 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.25 Td (Cash and cash equivalents ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 157.75 706.25 Td (decreased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 197.16 706.25 Td ( from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.60 706.25 Td ($25.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.49 706.25 Td ( as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.65 706.25 Td (December31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.24 706.25 Td ( to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.02 706.25 Td ($9.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.91 706.25 Td ( as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.07 706.25 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 706.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 706.25 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.25 Td (decrease) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.41 694.25 Td ( of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.74 694.25 Td ($15.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 151.64 694.25 Td (. ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 649.75 320.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 649.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 649.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 649.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 649.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 649.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 649.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 619.75 320.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 619.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 619.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 619.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 619.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 619.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 619.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 589.75 320.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 589.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 589.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 589.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 589.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 589.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 589.75 60.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 664.75 m 433.5 664.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 664.75 m 437.5 664.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 664.75 m 497.5 664.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 664.75 m 501.5 664.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 664.75 m 433.5 664.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 649.75 m 433.5 649.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 664.75 m 497.5 664.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 649.75 m 497.5 649.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 664.75 m 561.5 664.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 649.75 m 561.5 649.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 649.75 m 369.5 649.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 589.75 m 433.5 589.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 575.75 m 433.5 575.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 573.75 m 433.5 573.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 589.75 m 497.5 589.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 575.75 m 497.5 575.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 573.75 m 497.5 573.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 589.75 m 561.5 589.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 575.75 m 561.5 575.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 573.75 m 561.5 573.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 389.05 668.98 Td (Years Ended December 31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 654.00 Td (\() Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 54.66 654.00 Td (in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 395.00 653.98 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 459.00 653.98 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 517.85 653.98 Td (Change) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 640.32 Td (Cash provided by \(used in\):) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 625.32 Td (Net cash used in operating activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.00 624.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.80 624.47 Td (\(28,179) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.65 624.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.00 624.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.80 624.47 Td (\(42,549) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.65 624.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.00 624.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 624.42 Td (14,370) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 610.32 Td (Net cash provided by investing activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.15 609.42 Td (2,234) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.15 609.42 Td (31,405) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.80 609.47 Td (\(29,171) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 609.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 595.32 Td (Net cash provided by \(used in\) financing activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 594.42 Td (10,029) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.80 594.47 Td (\(1,565) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.65 594.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 594.42 Td (11,594) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 580.32 Td (Decrease in Cash and Cash Equivalents) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.80 579.47 Td (\(15,916) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.65 579.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.80 579.47 Td (\(12,709) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.65 579.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 579.47 Td (\(3,207) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 579.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 557.25 Td (Notable areas that contributed to this decrease include the increases in expenses and cash spend for payroll and benefits, legal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 545.25 Td (and professional fees and general and administrative costs, as well as the following operating activities: i\) an increase in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 533.25 Td (accounts receivables, including accounts receivable, related party \() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.37 533.25 Td ($7.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.26 533.25 Td (\); ii\) payment of settlement royalties \() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.89 533.25 Td ($3.7 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 521.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 521.25 Td (\); iii\) an increase in prepaid expenses and other long-term assets \() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.30 521.25 Td ($2.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.19 521.25 Td (\); iv\) a decrease in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.70 521.25 Td (Advance deposit, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 509.25 Td (related party) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 100.25 509.25 Td ( \() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.08 509.25 Td ($3.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 154.97 509.25 Td (\); and, v\) net payments related to extended equipment contracts \() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.60 509.25 Td ($8.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.49 509.25 Td (\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 491.25 Td (Equity income from equity method investments \() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.63 491.25 Td ($8.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.52 491.25 Td (\) was also of) Tj ET Q q 0 0 0 rg BT 346.16 491.25 Td (fset by actual cash distributions, included within ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 479.25 Td (operating and investing cash flows, from our equity method investees of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.60 479.25 Td ($13.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.49 479.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 461.25 Td (In addition, the following investing activities also contributed to the decrease in cash balances: i\) the transfer of unrestricted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 449.25 Td (cash to restricted cash to provide collateral for certain letters of credit \() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.76 449.25 Td ($2.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.65 449.25 Td (\); and ii\) acquisitions of property and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 437.25 Td (equipment and equity method investees \() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 214.13 437.25 Td ($2.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.02 437.25 Td (\). ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 419.25 Td (These cash outflows were of) Tj ET Q q 0 0 0 rg BT 164.22 419.25 Td (fset in part by the following notable cash inflows: i\) Distributions from equity method investees ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 407.25 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.33 407.25 Td ($13.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 107.22 407.25 Td (, inclusive of both return on and return of investment distributions\); and ii\) non-cash char) Tj ET Q q 0 0 0 rg BT 463.90 407.25 Td (ges included in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 395.25 Td (Consolidated Statements of Operations \() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 212.19 395.25 Td ($13.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.08 395.25 Td (\).) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 50 375.68505859375 m 194.4482421875 375.68505859375 l s q 0 0 0 rg BT 50.00 377.25 Td (Cash flow from operating activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 359.25 Td (Cash flows ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.22 359.25 Td (used in) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 125.83 359.25 Td ( operating activities reflect the timing of our working capital requirements, in addition to other items ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 347.25 Td (discussed herein.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 329.25 Td (Our cash spend for legal and professional fees our ef) Tj ET Q q 0 0 0 rg BT 260.58 329.25 Td (forts related to the Restatement process and SEC Inquiry increased by $2.9 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 317.25 Td (million from that of the comparable prior year period, primarily due to our ef) Tj ET Q q 0 0 0 rg BT 358.05 317.25 Td (forts related to the Restatement process and SEC ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 305.25 Td (Inquiry) Tj ET Q q 0 0 0 rg BT 78.79 305.25 Td (. ) Tj ET Q q 0 0 0 rg BT 83.61 305.25 Td (W) Tj ET Q q 0 0 0 rg BT 92.25 305.25 Td (e expect elevated legal and professional spend to continue in 2016 for completion of the Restatement process and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 293.25 Td (ef) Tj ET Q q 0 0 0 rg BT 57.59 293.25 Td (forts related to the ongoing SEC Inquiry and legal proceedings. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 275.25 Td (Deferred revenue and project costs resulted in a change in the use of operating cash flows on a net basis of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.46 275.25 Td ($7.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.35 275.25 Td ( due to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 263.25 Td (production of ) Tj ET Q q 0 0 0 rg BT 106.10 263.25 Td (ACI and DSI equipment systems. However) Tj ET Q q 0 0 0 rg BT 279.01 263.25 Td (, pursuant to the completed contract revenue recognition method, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 251.25 Td (these billings and related costs have not yet been recognized within revenues and cost of sales, respectively) Tj ET Q q 0 0 0 rg BT 478.37 251.25 Td (. Cash flows related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 239.25 Td (to the production of ) Tj ET Q q 0 0 0 rg BT 131.10 239.25 Td (ACI and DSI equipment systems are expected to be similar to those experienced in 2014 as customers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 227.25 Td (work to become compliant with regulatory emissions standards.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 209.25 Td (During 2013, we received $8.0 million of advance deposits related to expected future royalties from CCS that are of) Tj ET Q q 0 0 0 rg BT 514.12 209.25 Td (fset against ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 197.25 Td (of portion of future royalty earnings. Royalty earnings, net of the advanced payment of) Tj ET Q q 0 0 0 rg BT 397.77 197.25 Td (fset positively impacted operating cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 185.25 Td (flows by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.22 185.25 Td ($2.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.11 185.25 Td ( in 2013. ) Tj ET Q q 0 0 0 rg BT 173.71 185.25 Td (W) Tj ET Q q 0 0 0 rg BT 182.35 185.25 Td (e did not receive additional advanced deposits during 2014 or 2015. ) Tj ET Q q 0 0 0 rg BT 455.62 185.25 Td (As future royalties are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 173.25 Td (generated, we will receive less cash than royalties earned as a portion of the future earnings will be of) Tj ET Q q 0 0 0 rg BT 456.61 173.25 Td (fset against prior period ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 161.25 Td (prepayments.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 143.25 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 143.25 Td (e are required to provide collateral for certain letters of credit for ) Tj ET Q q 0 0 0 rg BT 319.62 143.25 Td (ACI and DSI equipment, as discussed in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.04 143.25 Td (Note 14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.98 143.25 Td ( of the our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 131.25 Td (Consolidated Financial Statements. Cash is pledged as security for letters of credit in the same amount as the investments. Due ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 119.25 Td (to the completion of certain ) Tj ET Q q 0 0 0 rg BT 162.47 119.25 Td (ACI and DSI equipment contracts, the Company was no longer required to collateralize related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 107.25 Td (letters of credit. During 2014, due to the increase in ) Tj ET Q q 0 0 0 rg BT 258.27 107.25 Td (ACI and DSI equipment contracts in progress, the Company was required ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 95.25 Td (to collateralize letters of credit. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 77.25 Td (Our operating cash flow may also be significantly impacted by distributions from our equity investees which are classified as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 65.25 Td (either a return on investment within operating cash flows or a return in excess of cumulative earnings within investing cash ) Tj ET Q endstream endobj 123 0 obj <> endobj 124 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (58) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (flows. During 2014, we received ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 183.57 742.10 Td ($29.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.47 742.10 Td ( more in total cash distributions from equity method investees than we did in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (2013. ) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 50 704.53505859375 m 192.2265625 704.53505859375 l s q 0 0 0 rg BT 50.00 706.10 Td (Cash flow from investing activities) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 686.7669921875 m 420.3955078125 686.7669921875 l s q 0 0 0 rg BT 50.00 688.10 Td (Pur) Tj ET Q q 0 0 0 rg BT 64.63 688.10 Td (chase and maturity of investments in securities, r) Tj ET Q q 0 0 0 rg BT 260.34 688.10 Td (estricted and Incr) Tj ET Q q 0 0 0 rg BT 331.06 688.10 Td (ease in r) Tj ET Q q 0 0 0 rg BT 365.13 688.10 Td (estricted cash) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 670.10 Td (e are required to provide collateral for certain letters of credit for future payments related to royalty indemnification ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (obligation and other payments as discussed in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.80 658.10 Td (Note 14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.74 658.10 Td ( of the our Consolidated Financial Statements. Investment securities and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (cash are pledged as security for letters of credit in the same amount as the investments. ) Tj ET Q q 0 0 0 rg BT 399.98 646.10 Td (The restricted investments and cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (increased during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.86 634.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 138.86 634.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.30 634.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 178.30 634.10 Td ( due to a contractual requirement related to the royalty indemnification obligation.) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 614.7669921875 m 334.2822265625 614.7669921875 l s q 0 0 0 rg BT 50.00 616.10 Td (Acquisition of pr) Tj ET Q q 0 0 0 rg BT 116.85 616.10 Td (operty and equipment and ) Tj ET Q q 0 0 0 rg BT 223.87 616.10 Td (Advance on note r) Tj ET Q q 0 0 0 rg BT 296.53 616.10 Td (eceivable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (Acquisitions of property and equipment were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.84 598.10 Td ($0.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.73 598.10 Td ( in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.51 598.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 315.51 598.10 Td (, are estimated to decrease in 2016 and are expected to be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (funded by cash flows from equity investee distributions. However) Tj ET Q q 0 0 0 rg BT 313.71 586.10 Td (, if cash flows from investee distributions are insuf) Tj ET Q q 0 0 0 rg BT 516.54 586.10 Td (ficient, we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (may elect to decrease our discretionary capital expenditures. During ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.89 574.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.89 574.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.33 574.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.33 574.10 Td (, the Company used investing cash flows ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (for the purchase of equipment and leasehold improvements.) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 542.7669921875 m 160.41015625 542.7669921875 l s q 0 0 0 rg BT 50.00 544.10 Td (Advance on note r) Tj ET Q q 0 0 0 rg BT 122.66 544.10 Td (eceivable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (In December 2014, we loaned ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.73 526.10 Td ($0.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.62 526.10 Td ( to an independent third party to provide financing for the pursuit of emissions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (technology projects, bearing annual interest of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.99 514.10 Td (8%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 251.32 514.10 Td (. Interest and principal were payable at maturity of the agreement in June ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (2015. In March 2015, we loaned an additional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.17 502.10 Td ($0.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.06 502.10 Td ( to the third party) Tj ET Q q 0 0 0 rg BT 354.84 502.10 Td (, continuing to bear annual interest at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.91 502.10 Td (8%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.24 502.10 Td (. ) Tj ET Q q 0 0 0 rg BT 523.69 502.10 Td (All ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (interest and principal payments were then deferred until March 2018. ) Tj ET Q q 0 0 0 rg BT 329.07 490.10 Td (As of December 31, 2015, we have recorded an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (allowance against the entire principal balance of the note receivable outstanding, reversed accrued interest and put the note on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (non-accrual status, as described in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.39 466.10 Td (Note 1) Tj ET Q q 0 0 0 rg BT 215.96 466.10 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 220.96 466.10 Td (.) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 446.7669921875 m 149.7216796875 446.7669921875 l s q 0 0 0 rg BT 50.00 448.10 Td (Acquisition of a business) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (During March 2015, we acquired Clearview) Tj ET Q q 0 0 0 rg BT 225.96 430.10 Td (, which operated as ) Tj ET Q q 0 0 0 rg BT 305.10 430.10 Td (ADA) Tj ET Q q 0 0 0 rg BT 326.21 430.10 Td ( ) Tj ET Q q 0 0 0 rg BT 328.16 430.10 Td (Analytics, for $2.4 million cash, as described in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.73 430.10 Td (Note 8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.67 430.10 Td ( of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (the Consolidated Financial Statements, $2.1 million of which was paid in the current year) Tj ET Q q 0 0 0 rg BT 407.98 418.10 Td (. ) Tj ET Q q 0 0 0 rg BT 412.80 418.10 Td (The Company acquired the in-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (process research and development in order to potentially commercialize and expand its analytics services available to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (customers. However) Tj ET Q q 0 0 0 rg BT 131.80 394.10 Td (, in ) Tj ET Q q 0 0 0 rg BT 146.52 394.10 Td (August 2015, as part of a broader strategic restructuring of our business to simplify our operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (structurein a manner that creates increased customer focus, better supports sales and product delivery and also aligns the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (Company) Tj ET Q q 0 0 0 rg BT 91.67 370.10 Td (s cost structure as the emissions control market shifts towards compliance solutions for the Federal Mercury and ) Tj ET Q q 0 0 0 rg BT 542.95 370.10 Td (Air ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 358.10 Td (oxics Standards \("MA) Tj ET Q q 0 0 0 rg BT 143.37 358.10 Td (TS"\), the Company) Tj ET Q q 0 0 0 rg BT 223.84 358.10 Td (s management approved an action to wind down operations of ) Tj ET Q q 0 0 0 rg BT 474.33 358.10 Td (ADA) Tj ET Q q 0 0 0 rg BT 495.44 358.10 Td ( ) Tj ET Q q 0 0 0 rg BT 497.39 358.10 Td (Analytics.) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 338.7669921875 m 225.244140625 338.7669921875 l s q 0 0 0 rg BT 50.00 340.10 Td (Equity method and cost method investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (On February 10, 2014, we purchased a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 207.46 322.10 Td (24.95%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.29 322.10 Td ( membership interest in RCM6, which owns a single RC facility that produces ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (RC that qualifies for Section 45 tax credits. ) Tj ET Q q 0 0 0 rg BT 228.12 310.10 Td (T) Tj ET Q q 0 0 0 rg BT 233.53 310.10 Td (otal consideration given included a cash payment of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.01 310.10 Td ($2.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.91 310.10 Td ( and the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (execution of a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.14 298.10 Td ($13.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.03 298.10 Td ( note payable. In addition, we are subject to quarterly capital calls and variable payments based ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (upon dif) Tj ET Q q 0 0 0 rg BT 83.43 286.10 Td (ferences in originally forecasted RC production as of the purchase date and actual quarterly production. Due to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (dif) Tj ET Q q 0 0 0 rg BT 60.93 274.10 Td (ference of the stated rate and the ef) Tj ET Q q 0 0 0 rg BT 200.94 274.10 Td (fective rate, the note payable is carried at a discount of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.95 274.10 Td ($7.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.84 274.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.28 274.10 Td ($10.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.17 274.10 Td ( as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.83 262.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.41 262.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.85 262.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 178.85 262.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 231.51 262.10 Td (. During the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.14 262.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.73 262.10 Td ( we also funded capital calls and made ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (variable payments of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.36 250.10 Td ($2.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 185.25 250.10 Td (. On March 3, 2016, we sold our entire membership interest in RCM6. ) Tj ET Q q 0 0 0 rg BT 469.19 250.10 Td (W) Tj ET Q q 0 0 0 rg BT 477.83 250.10 Td (e received a cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td (payment of $1.8 million related to the sale and have no future obligations related to previously recorded notes payable. ) Tj ET Q q 0 0 0 rg BT 527.73 238.10 Td (W) Tj ET Q q 0 0 0 rg BT 536.37 238.10 Td (e will ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (continue to be positively impacted by the sale of our RCM6 membership interest going forward, as we will receive our pro-rata ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td (share of income and cash distributions through our ownership in CCS. ) Tj ET Q q 0 0 0 rg BT 333.67 214.10 Td (The income and cash distribution will be generated from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (the RCM6 RC facility lease payments made to CCS.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 184.10 Td (As discussed within the Results of Operations and the operating cash flow activities above, our investing cash flow may also be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 172.10 Td (significantly impacted by the classification of cash distributions from equity method investees as either a return on investment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 160.10 Td (within operating cash flows or a return in excess of cumulative earnings within investing cash flows. ) Tj ET Q q 0 0 0 rg BT 455.00 160.10 Td (There was an increase in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 148.10 Td (distributions from equity method investments presented within the investing section due to an increase in year over year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 136.10 Td (distributions in excess of cumulative earnings from CCS. During ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.19 136.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.19 136.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.63 136.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.63 136.10 Td (, all cash distributions from CCS were included ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 124.10 Td (within investing cash flows as returns of our equity investment in CCS.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.10 Td (In November 2014, we acquired an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.56 106.10 Td (8%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.89 106.10 Td ( interest in Highview Enterprises Limited \("Highview"\), a London, England based ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.10 Td (developmental stage Company specializing in power storage, for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.87 94.10 Td ($2.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.76 94.10 Td (. ) Tj ET Q endstream endobj 125 0 obj <> endobj 126 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (59) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 50 740.68505859375 m 195.009765625 740.68505859375 l s q 0 0 0 rg BT 50.00 742.25 Td (Cash flow from financing activities) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 722.9169921875 m 305.009765625 722.9169921875 l s q 0 0 0 rg BT 50.00 724.25 Td (Short term borr) Tj ET Q q 0 0 0 rg BT 112.41 724.25 Td (owings and r) Tj ET Q q 0 0 0 rg BT 164.27 724.25 Td (epayment of short term borr) Tj ET Q q 0 0 0 rg BT 276.67 724.25 Td (owings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 707.25 Td (In October 2015, we entered into a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 191.62 707.25 Td ($15.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 245.51 707.25 Td ( Credit ) Tj ET Q q 0 0 0 rg BT 274.95 707.25 Td (Agreement from which we received net proceeds of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.86 707.25 Td ($13.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 538.75 707.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 695.25 Td (recorded debt discounts and debt issuance costs of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.83 695.25 Td ($1.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.72 695.25 Td (. ) Tj ET Q q 0 0 0 rg BT 307.54 695.25 Td (The Company made principal payments of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.83 695.25 Td ($1.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.72 695.25 Td ( during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 683.25 Td (2015. ) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 663.9169921875 m 135.72265625 663.9169921875 l s q 0 0 0 rg BT 50.00 665.25 Td (Equity awar) Tj ET Q q 0 0 0 rg BT 98.79 665.25 Td (d activity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 647.25 Td (During 2014 we received proceeds from the exercise of options. During 2015 and 2014, we repurchased shares from employees ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 635.25 Td (upon the vesting of equity awards or upon options being exercised to cover the minimum statutory tax withholdings. ) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 615.9169921875 m 138.8623046875 615.9169921875 l s q 0 0 0 rg BT 50.00 617.25 Td (Notes payable activity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 599.25 Td (During the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.52 599.25 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.11 599.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.54 599.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.54 599.25 Td ( we used ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.04 599.25 Td ($1.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.93 599.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.37 599.25 Td ($0.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.26 599.25 Td ( cash, respectively) Tj ET Q q 0 0 0 rg BT 491.19 599.25 Td (, for repayments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 587.25 Td (of principal on the RCM6 and DSI Business Owner notes payable, as described in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.77 587.25 Td (Note 9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.71 587.25 Td ( of the Consolidated Financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 575.25 Td (Statements. Principal payments increased period over period as the Company did not purchase RCM6 until the first quarter of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 563.25 Td (2014 and limited payments during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.70 563.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.70 563.25 Td ( were applied to the principal balance. ) Tj ET Q q 0 0 0 rg BT 364.08 563.25 Td (Additionally) Tj ET Q q 0 0 0 rg BT 413.98 563.25 Td (, the Company did not terminate its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 551.25 Td (consulting agreement with the DSI Business Owner until December 31, 2014, at which time the Company recorded a note ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 539.25 Td (payable for remaining amounts owed.) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 519.9169921875 m 184.4384765625 519.9169921875 l s q 0 0 0 rg BT 50.00 521.25 Td (Significant non-cash transactions) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 484.75 318.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 368.50 484.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.50 484.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 484.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 484.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 484.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 484.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 454.75 318.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 368.50 454.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.50 454.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 454.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 454.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 454.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 454.75 60.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372.5 497.75 m 432.5 497.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 497.75 m 436.5 497.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 497.75 m 496.5 497.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 484.75 m 368.5 484.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372.5 497.75 m 432.5 497.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372.5 484.75 m 432.5 484.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 497.75 m 436.5 497.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 497.75 m 496.5 497.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 484.75 m 496.5 484.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 484.75 m 560.5 484.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 388.05 501.98 Td (Years Ended December 31,) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 53.00 489.00 Td (\(in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 394.00 488.98 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 458.00 488.98 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 516.85 488.98 Td (Change) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 474.42 Td (Restricted stock award reclassification \(equity to liability\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.00 474.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.65 474.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.00 474.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.65 474.42 Td (501) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.00 474.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 538.30 474.47 Td (\(501) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 556.65 474.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 459.42 Td (Issuance of common stock to settle liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.65 459.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.65 459.42 Td (127) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 538.30 459.47 Td (\(127) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 556.65 459.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 444.42 Td (Acquisition of equity method investment through note payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.65 444.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.15 444.42 Td (13,301) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.80 444.47 Td (\(13,301) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 556.65 444.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 429.42 Td (Acquisition of technology license through long-term payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.65 429.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.15 429.42 Td (1,525) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.80 429.47 Td (\(1,525) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 556.65 429.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 407.25 Td (During the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.63 407.25 Td (December31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 220.21 407.25 Td (, we reclassified certain restricted stock awards from equity to liabilities. No such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 395.25 Td (reclassifications occurred during the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.80 395.25 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.39 395.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 377.25 Td (During the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.52 377.25 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.11 377.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.54 377.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.54 377.25 Td (, we contributed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.75 377.25 Td (zero) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.95 377.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.39 377.25 Td ($0.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.28 377.25 Td (, respectively of common stock to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 365.25 Td (the Company's 401\(k\) plan to settle the Company's matching contributions related to employee contributions.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 347.25 Td (In connection with the purchase of RCM6 in February 2014, we financed a portion of the transaction through a note payable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 335.25 Td (with CCS. ) Tj ET Q q 0 0 0 rg BT 94.00 335.25 Td (The initial note payable of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 202.02 335.25 Td ($13.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 255.91 335.25 Td (, payable over seven years, was a non-cash transaction. On March 3, 2016, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 323.25 Td (the Company sold its entire ownership interest in RCM6, a portion of which was non-cash in nature. ) Tj ET Q q 0 0 0 rg BT 453.92 323.25 Td (The Company received a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 311.25 Td (cash payment of $1.8 million related to the sale and has no future obligations related to previously recorded notes payable. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 293.25 Td (In November 2014, in addition to acquiring an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.57 293.25 Td (8%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 251.90 293.25 Td ( interest in Highview) Tj ET Q q 0 0 0 rg BT 335.40 293.25 Td (, we also licensed technology from Highview) Tj ET Q q 0 0 0 rg BT 516.09 293.25 Td (, in a long ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 281.25 Td (term, exclusive arrangement, that requires us to make payments over the course of 10 years totaling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.98 281.25 Td ($3.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.87 281.25 Td ( using the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 269.25 Td (exchange rate in ef) Tj ET Q q 0 0 0 rg BT 125.61 269.25 Td (fect as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 164.75 269.25 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.33 269.25 Td (. ) Tj ET Q q 0 0 0 rg BT 248.15 269.25 Td (The technology license agreement was amended in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.46 269.25 Td (November 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.17 269.25 Td ( to defer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 257.25 Td (license fee payments for a year) Tj ET Q q 0 0 0 rg BT 173.70 257.25 Td (, to allow us to elect a non-exclusive license at a lower cost, or to terminate the license in return ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 245.25 Td (for paying a buy-out fee starting at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 191.34 245.25 Td (0.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 240.23 245.25 Td ( \() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.06 245.25 Td ($0.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.96 245.25 Td ( based upon the exchange rate in ef) Tj ET Q q 0 0 0 rg BT 435.55 245.25 Td (fect as of the date of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 233.25 Td (November 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 114.71 233.25 Td ( amendment\) if terminated in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.83 233.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.83 233.25 Td ( and reducing annually over the term of the 10 year agreement.) Tj ET Q endstream endobj 127 0 obj <> endobj 128 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (60) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (Y) Tj ET Q q 0 0 0 rg BT 54.64 742.10 Td (ear ended ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 96.85 742.10 Td (December31, 2014) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 175.44 742.10 Td ( vs. Y) Tj ET Q q 0 0 0 rg BT 195.91 742.10 Td (ear ended ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 238.12 742.10 Td (2013) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 258.12 742.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (Cash and cash equivalents ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 157.75 718.10 Td (decreased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 197.16 718.10 Td ( from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.60 718.10 Td ($37.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.49 718.10 Td ( as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.65 718.10 Td (December31, 2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.24 718.10 Td ( to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.02 718.10 Td ($25.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.91 718.10 Td ( as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.07 718.10 Td (December31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 718.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 718.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (decrease) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.41 706.10 Td ( of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.74 706.10 Td ($12.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 151.64 706.10 Td (, primarily due to an increase in expenses and cash spend for payroll and benefits, legal and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (professional fees and general and administrative costs. ) Tj ET Q q 0 0 0 rg BT 269.93 694.10 Td (Additional decreases in cash were related to acquisitions of property and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (equipment, cost method investments and equity method investees of $1) Tj ET Q q 0 0 0 rg BT 335.13 682.10 Td (1.0 million. ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 631.60 320.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 631.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 631.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 631.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 631.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 631.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 631.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 601.60 320.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 601.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 601.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 601.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 601.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 601.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 601.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 571.60 320.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 571.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 571.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 571.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 571.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 571.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 571.60 60.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 646.6 m 433.5 646.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 646.6 m 437.5 646.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 646.6 m 497.5 646.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 646.6 m 433.5 646.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 631.6 m 433.5 631.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 646.6 m 497.5 646.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 631.6 m 497.5 631.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 646.6 m 561.5 646.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 631.6 m 561.5 631.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 631.6 m 369.5 631.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 571.6 m 433.5 571.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 557.6 m 433.5 557.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 555.6 m 433.5 555.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 571.6 m 497.5 571.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 557.6 m 497.5 557.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 555.6 m 497.5 555.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 571.6 m 561.5 571.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 557.6 m 561.5 557.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 555.6 m 561.5 555.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 389.05 650.83 Td (Years Ended December 31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 635.85 Td (\() Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 54.66 635.85 Td (in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 395.00 635.83 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 459.00 635.83 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 517.85 635.83 Td (Change) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 622.17 Td (Cash provided by \(used in\):) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 607.17 Td (Net cash used in operating activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.00 606.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.80 606.32 Td (\(42,549) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.65 606.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.80 606.32 Td (\(10,192) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.65 606.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.80 606.32 Td (\(32,357) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 606.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 592.17 Td (Net cash provided by investing activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 591.27 Td (31,405) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.15 591.27 Td (11,172) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 591.27 Td (20,233) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 577.17 Td (Net cash provided by \(used in\) financing activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.80 576.32 Td (\(1,565) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.65 576.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.15 576.27 Td (29,169) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.80 576.32 Td (\(30,734) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 576.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 562.17 Td (Increase \(Decrease\) in Cash and Cash Equivalents) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.80 561.32 Td (\(12,709) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.65 561.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.15 561.27 Td (30,149) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.80 561.32 Td (\(42,858) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 561.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 50 531.53505859375 m 194.4482421875 531.53505859375 l s q 0 0 0 rg BT 50.00 533.10 Td (Cash flow from operating activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 515.10 Td (Cash flows used in operating activities reflect the timing of our working capital requirements, in addition to other items ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 503.10 Td (discussed herein.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 485.10 Td (Our cash spend for legal and professional fees increased by approximately $6.1 million from that of the comparable prior year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 473.10 Td (period due to our ef) Tj ET Q q 0 0 0 rg BT 128.68 473.10 Td (forts related to the Restatement process, SEC Inquiry and consulting fees paid to a former consultant for RC ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 461.10 Td (technology) Tj ET Q q 0 0 0 rg BT 93.78 461.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 443.10 Td (Deferred revenue and project costs resulted in a change in the use of operating cash flows on a net basis of $15.5 million due to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 431.10 Td (production of ) Tj ET Q q 0 0 0 rg BT 106.10 431.10 Td (ACI and DSI equipment systems. However) Tj ET Q q 0 0 0 rg BT 279.01 431.10 Td (, due to the completed contract revenue recognition method, these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 419.10 Td (billings and related costs have not yet been recognized within revenues and cost of sales, respectively) Tj ET Q q 0 0 0 rg BT 455.33 419.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 401.10 Td (During 2013, we received $8.0 million of advance deposits related to expected future royalties from CCS that are of) Tj ET Q q 0 0 0 rg BT 514.12 401.10 Td (fset against ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 389.10 Td (of portion of future royalty earnings. Royalty earnings, net of the advanced payment of) Tj ET Q q 0 0 0 rg BT 397.77 389.10 Td (fset positively impacted operating cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 377.10 Td (flows by $7.2 million in 2013. ) Tj ET Q q 0 0 0 rg BT 173.71 377.10 Td (W) Tj ET Q q 0 0 0 rg BT 182.35 377.10 Td (e did not receive additional advanced deposits during 2014. ) Tj ET Q q 0 0 0 rg BT 422.29 377.10 Td (As future royalties are generated, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 365.10 Td (we will receive less cash than royalties earned as a portion of the future earnings will be of) Tj ET Q q 0 0 0 rg BT 412.74 365.10 Td (fset against prior period ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 353.10 Td (prepayments.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 335.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 335.10 Td (e are required to provide collateral for certain letters of credit for ) Tj ET Q q 0 0 0 rg BT 319.62 335.10 Td (ACI and DSI equipment, as discussed in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.04 335.10 Td (Note 14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.98 335.10 Td ( of the our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 323.10 Td (Consolidated Financial Statements. Cash is pledged as security for letters of credit in the same amount as the investments. Due ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 311.10 Td (to the completion of certain ) Tj ET Q q 0 0 0 rg BT 162.47 311.10 Td (ACI and DSI equipment contracts, the Company was no longer required to collateralize letters of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 299.10 Td (credit. During 2014 and 2013, due to the increase in ) Tj ET Q q 0 0 0 rg BT 259.95 299.10 Td (ACI and DSI equipment contracts in progress, the Company was required ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 287.10 Td (to collateralize letters of credit. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 269.10 Td (Our operating cash flow may also be significantly impacted by distributions from our equity investees which are classified as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 257.10 Td (either a return on investment within operating cash flows or a return in excess of cumulative earnings within investing cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 245.10 Td (flows. During 2014, we received $29.8 million more in total cash distributions from equity method investees than we did in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 233.10 Td (2013. ) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 50 213.53505859375002 m 192.2265625 213.53505859375002 l s q 0 0 0 rg BT 50.00 215.10 Td (Cash flow from investing activities) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 195.76699218750002 m 419.84375 195.76699218750002 l s q 0 0 0 rg BT 50.00 197.10 Td (Pur) Tj ET Q q 0 0 0 rg BT 64.63 197.10 Td (chase and maturity of investments in securities, r) Tj ET Q q 0 0 0 rg BT 260.34 197.10 Td (estricted and incr) Tj ET Q q 0 0 0 rg BT 330.51 197.10 Td (ease in r) Tj ET Q q 0 0 0 rg BT 364.58 197.10 Td (estricted cash) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 179.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 179.10 Td (e are required to provide collateral for certain letters of credit for ) Tj ET Q q 0 0 0 rg BT 319.62 179.10 Td (ACI and DSI equipment projects, as well as for future ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 167.10 Td (payments related to royalty indemnification obligation payments as discussed in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.26 167.10 Td (Note 14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.20 167.10 Td ( of our Consolidated Financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 155.10 Td (Statements. Investment securities and cash are pledged as security for letters of credit in the same amount as the investments. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 143.10 Td (The restricted investments and cash increased due to the increase in ) Tj ET Q q 0 0 0 rg BT 322.40 143.10 Td (ACI and DSI projects and a contractual requirement related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 131.10 Td (to the royalty indemnification obligation.) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 111.76699218750002 m 204.052734375 111.76699218750002 l s q 0 0 0 rg BT 50.00 113.10 Td (Acquisition of pr) Tj ET Q q 0 0 0 rg BT 116.85 113.10 Td (operty and equipment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 95.10 Td (Acquisitions of property and equipment were $1.6 million in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.51 95.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 315.51 95.10 Td (. During ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.34 95.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.34 95.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.78 95.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.78 95.10 Td (, the Company used investing cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 83.10 Td (flows for the purchase of equipment and leasehold improvements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 65.10 Td (In December 2014, we loaned $0.5 million to an independent third party to provide financing for the pursuit of emissions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 53.10 Td (technology projects, bearing annual interest of 8%. Interest and principal were payable at maturity of the agreement in June ) Tj ET Q endstream endobj 129 0 obj <> endobj 130 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (61) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (2015. ) Tj ET Q q 0 0 0 rg BT 74.45 742.10 Td (All interest and principal payments were then deferred until March 2018. ) Tj ET Q q 0 0 0 rg BT 369.17 742.10 Td (W) Tj ET Q q 0 0 0 rg BT 377.81 742.10 Td (e recorded an allowance against the entire ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (principal balance of the note receivable outstanding, reversed accrued interest and put the note on non-accrual status as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (December31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.58 718.10 Td (, as described in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 195.51 718.10 Td (Note 1) Tj ET Q q 0 0 0 rg BT 222.08 718.10 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.08 718.10 Td (.) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 698.7669921875 m 260.5908203125 698.7669921875 l s q 0 0 0 rg BT 50.00 700.10 Td (Principal payments on note r) Tj ET Q q 0 0 0 rg BT 166.28 700.10 Td (eceivable, r) Tj ET Q q 0 0 0 rg BT 212.55 700.10 Td (elated party) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (During 2013, we collected the $0.5 million outstanding principal balance related to a note receivable from CCSS.) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 662.7669921875 m 160.41015625 662.7669921875 l s q 0 0 0 rg BT 50.00 664.10 Td (Advance on note r) Tj ET Q q 0 0 0 rg BT 122.66 664.10 Td (eceivable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (In December 2014, we loaned $0.5 million to an independent third party to provide financing to for the pursuit of emissions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (technology projects, bearing annual interest of 8%. Interest and principal were payable at maturity of the agreement in June ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (2015. It was determined that the independent third party was not awarded contracts, which would have utilized their emissions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (technology) Tj ET Q q 0 0 0 rg BT 93.78 610.10 Td (. ) Tj ET Q q 0 0 0 rg BT 98.60 610.10 Td (W) Tj ET Q q 0 0 0 rg BT 107.64 610.10 Td (ithout these contracts, we concluded that the ability of the independent third party to repay these loans was in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (doubt. ) Tj ET Q q 0 0 0 rg BT 77.60 598.10 Td (W) Tj ET Q q 0 0 0 rg BT 86.24 598.10 Td (e recorded an allowance against the entire principal balance of the note receivable outstanding, reversed accrued ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (interest and put the note on non-accrual status as of December31, 2014.) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 566.7669921875 m 225.244140625 566.7669921875 l s q 0 0 0 rg BT 50.00 568.10 Td (Equity method and cost method investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (On February 10, 2014, we purchased a 24.95% membership interest in RCM6, a single RC facility that produces RC that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (qualifies for Section 45 tax credits. ) Tj ET Q q 0 0 0 rg BT 194.78 538.10 Td (T) Tj ET Q q 0 0 0 rg BT 200.19 538.10 Td (otal consideration given included a cash payment of $2.4 million and the execution of a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td ($13.3 million note payable. In addition, we are subject to quarterly capital calls and variable payments based upon dif) Tj ET Q q 0 0 0 rg BT 520.51 526.10 Td (ferences ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (in originally forecasted RC production as of the purchase date and actual quarterly production. Due to the dif) Tj ET Q q 0 0 0 rg BT 485.79 514.10 Td (ference of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (stated rate and the ef) Tj ET Q q 0 0 0 rg BT 132.55 502.10 Td (fective rate, the note payable is carried at a discount of $10.1 million as of December 31, 2014. During the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 96.08 490.10 Td (December31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.67 490.10 Td ( we also funded capital calls and made variable payments of $4.2 million. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 472.10 Td (As discussed within the Results of Operations and the operating cash flow activities above, our investing cash flow may also be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 460.10 Td (significantly impacted by the classification of cash distributions from equity method investees as either a return on investment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 448.10 Td (within operating cash flows or a return in excess of cumulative earnings within investing cash flows. ) Tj ET Q q 0 0 0 rg BT 455.00 448.10 Td (There was an increase in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 436.10 Td (distributions from equity method investments within the investing section due to an increase in year over year distributions in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 424.10 Td (excess of cumulative earnings from CCS. During ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.40 424.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.40 424.10 Td ( and 2013, all cash distributions from CCS were included within ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 412.10 Td (investing cash flows.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (In November 2014, we acquired an 8% interest in Highview Enterprises Limited \("Highview"\), a London, England based ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (developmental stage Company specializing in power storage, for $2.8 million. ) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 50 356.53505859375 m 195.009765625 356.53505859375 l s q 0 0 0 rg BT 50.00 358.10 Td (Cash flow from financing activities) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 338.7669921875 m 110.2685546875 338.7669921875 l s q 0 0 0 rg BT 50.00 340.10 Td (Equity offering) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (During November 2013, we completed an equity of) Tj ET Q q 0 0 0 rg BT 256.43 322.10 Td (fering that generated net proceeds of approximately $29.0 million. ) Tj ET Q q 0 0 0 rg BT 524.22 322.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (of) Tj ET Q q 0 0 0 rg BT 58.15 310.10 Td (fering was undertaken to raise funds for general working capital and corporate purposes, as well as to provide funds for ) Tj ET Q q 0 0 0 rg BT 537.72 310.10 Td (ACI ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (and DSI equipment projects. ) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 278.7669921875 m 135.72265625 278.7669921875 l s q 0 0 0 rg BT 50.00 280.10 Td (Equity awar) Tj ET Q q 0 0 0 rg BT 98.79 280.10 Td (d activity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (During 2014 we received proceeds from the exercise of options. During 2014, these proceeds were of) Tj ET Q q 0 0 0 rg BT 456.07 262.10 Td (fset by the repurchase of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (shares from employees upon the exercise of the option awards to cover the minimum statutory tax withholdings. ) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 230.76699218750002 m 138.8623046875 230.76699218750002 l s q 0 0 0 rg BT 50.00 232.10 Td (Notes payable activity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td (During the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.52 214.10 Td (December31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.11 214.10 Td ( we used ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.60 214.10 Td ($0.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.49 214.10 Td ( of cash for repayments of principal on the RCM6 and DSI ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (Business Owner notes payable, as described in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 239.40 202.10 Td (Note 9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.34 202.10 Td ( of the Consolidated Financial Statements. Principal payments increased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.10 Td (period over period as the Company didn't purchase RCM6 until the first quarter of 2014 and limited payments during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.43 190.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.43 190.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td (were applied to the principal balance. ) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 158.76699218750002 m 184.4384765625 158.76699218750002 l s q 0 0 0 rg BT 50.00 160.10 Td (Significant non-cash transactions) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 123.60 318.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 368.50 123.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.50 123.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 123.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 123.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 123.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 123.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 93.60 318.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 368.50 93.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.50 93.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 93.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 93.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 93.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 93.60 60.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372.5 136.60000000000002 m 432.5 136.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 136.60000000000002 m 436.5 136.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 136.60000000000002 m 496.5 136.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 123.60000000000002 m 368.5 123.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372.5 136.60000000000002 m 432.5 136.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372.5 123.60000000000002 m 432.5 123.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 136.60000000000002 m 436.5 136.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 136.60000000000002 m 496.5 136.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 123.60000000000002 m 496.5 123.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 123.60000000000002 m 560.5 123.60000000000002 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 388.05 140.83 Td (Years Ended December 31,) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 53.00 127.85 Td (\(in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 394.00 127.83 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 458.00 127.83 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 516.85 127.83 Td (Change) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 113.27 Td (Restricted stock award reclassification \(equity to liability\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.00 113.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.65 113.27 Td (501) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.00 113.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.65 113.27 Td (991) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.00 113.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 538.30 113.32 Td (\(490) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 556.65 113.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 98.27 Td (Issuance of common stock to settle liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.65 98.27 Td (127) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.65 98.27 Td (684) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 538.30 98.32 Td (\(557) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 556.65 98.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 83.27 Td (Acquisition of equity method investment through note payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.15 83.27 Td (13,301) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.65 83.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.15 83.27 Td (13,301) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 68.27 Td (Acquisition of technology license through long-term payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.15 68.27 Td (1,525) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.65 68.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.15 68.27 Td (1,525) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 131 0 obj <> endobj 132 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (62) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (During the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.52 742.10 Td (December31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.11 742.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.54 742.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.54 742.10 Td (, we reclassified certain restricted stock awards from equity to liabilities.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 724.10 Td (During the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.52 724.10 Td (December31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.11 724.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.54 724.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.54 724.10 Td (, we contributed $0.1 million and $0.7 million, respectively of common ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 712.10 Td (stock to the Company's 401\(k\) plan to settle the Company's matching contributions related to employee contributions that were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 700.10 Td (matched in common stock rather than cash during 2013 and a portion of 2014.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (In connection with the purchase of RCM6 in February 2014, we financed a portion of the transaction through a note payable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (with CCS. ) Tj ET Q q 0 0 0 rg BT 94.00 670.10 Td (The initial note payable of $13.3 million, payable over seven years, was a non-cash transaction. See ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.54 670.10 Td (Note 9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.48 670.10 Td ( of our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (Consolidated Financial Statements within Item 8 of this Form 10-K for additional details related to this transaction.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 640.10 Td (In November 2014, in addition to acquiring an 8% interest in Highview) Tj ET Q q 0 0 0 rg BT 335.40 640.10 Td (, we also licensed technology from Highview) Tj ET Q q 0 0 0 rg BT 516.09 640.10 Td (, in a long ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 628.10 Td (term, exclusive arrangement that requires us to make payments over the course of 10 years totaling $3.4 million using the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 616.10 Td (exchange rate in ef) Tj ET Q q 0 0 0 rg BT 125.61 616.10 Td (fect as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 164.75 616.10 Td (December31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.33 616.10 Td (. ) Tj ET Q q 0 0 0 rg BT 248.15 616.10 Td (The technology license agreement was amended in November 2015 to defer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 604.10 Td (license fee payments for a year) Tj ET Q q 0 0 0 rg BT 173.70 604.10 Td (, to allow us to elect a non-exclusive license at a lower cost, or to terminate the license in return ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 592.10 Td (for paying a buy-out fee starting at 0.2 million \($0.3 million based upon the exchange rate in ef) Tj ET Q q 0 0 0 rg BT 435.55 592.10 Td (fect as of the date of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 580.10 Td (November 2015 amendment\) if terminated in 2016 and reducing annually over the term of the 10 year agreement.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (Contractual Obligations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 544.10 Td (Our contractual obligations as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 183.57 544.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.16 544.10 Td ( are as follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 499.60 217.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.50 499.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 271.50 499.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 499.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 499.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 499.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 499.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 499.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 499.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 499.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 499.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 469.60 217.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.50 469.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 271.50 469.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 469.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 469.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 469.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 469.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 469.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 469.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 469.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 469.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 439.60 217.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.50 439.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 271.50 439.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 439.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 439.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 439.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 439.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 439.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 439.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 439.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 439.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 409.60 217.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.50 409.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 271.50 409.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 409.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 409.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 409.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 409.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 409.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 409.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 409.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 409.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 379.60 217.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.50 379.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 271.50 379.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 379.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 379.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 379.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 379.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 379.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 379.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 379.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 379.60 55.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 271.5 520.6 m 326.5 520.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 520.6 m 330.5 520.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 520.6 m 385.5 520.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 520.6 m 389.5 520.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 520.6 m 444.5 520.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 520.6 m 448.5 520.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 520.6 m 503.5 520.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 520.6 m 507.5 520.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 520.6 m 562.5 520.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 499.6 m 267.5 499.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 271.5 499.6 m 326.5 499.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 499.6 m 385.5 499.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 499.6 m 444.5 499.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 499.6 m 503.5 499.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 499.6 m 562.5 499.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 271.5 469.6 m 326.5 469.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 469.6 m 385.5 469.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 469.6 m 444.5 469.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 469.6 m 503.5 469.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 469.6 m 562.5 469.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 271.5 364.6 m 326.5 364.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 271.5 350.6 m 326.5 350.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 271.5 348.6 m 326.5 348.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 364.6 m 385.5 364.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 350.6 m 385.5 350.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 348.6 m 385.5 348.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 364.6 m 444.5 364.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 350.6 m 444.5 350.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 348.6 m 444.5 348.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 364.6 m 503.5 364.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 350.6 m 503.5 350.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 348.6 m 503.5 348.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 364.6 m 562.5 364.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 350.6 m 562.5 350.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 348.6 m 562.5 348.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 375.90 524.83 Td (Payment Due by Period) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 53.00 503.85 Td (\(in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 289.75 503.83 Td (Total) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 338.15 511.83 Td (Less than 1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 350.00 503.83 Td (year) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 401.05 503.83 Td (1-3 years) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 460.05 503.83 Td (4-5 years) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 512.35 503.83 Td (After 5 years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 489.27 Td (Notes payable \(a\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.00 489.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.15 489.27 Td (15,910) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.00 489.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.15 489.27 Td (1,479) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.00 489.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.15 489.27 Td (2,944) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.00 489.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.15 489.27 Td (4,584) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.00 489.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 489.27 Td (6,903) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 474.27 Td (Imputed interest \(a\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.15 474.27 Td (12,132) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.15 474.27 Td (2,484) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.15 474.27 Td (4,672) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.15 474.27 Td (3,502) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 474.27 Td (1,474) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 459.27 Td (Total notes payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.15 459.27 Td (28,042) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.15 459.27 Td (3,963) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.15 459.27 Td (7,616) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.15 459.27 Td (8,086) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 459.27 Td (8,377) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 444.27 Td (Short-term borrowings \(b\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.15 444.27 Td (13,250) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.15 444.27 Td (13,250) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.65 444.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 444.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 444.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 429.27 Td (Capital lease obligations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.65 429.27 Td (17) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.65 429.27 Td (9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.65 429.27 Td (8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 429.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 429.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 414.27 Td (Operating leases \(c\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.15 414.27 Td (3,912) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.15 414.27 Td (1,506) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.15 414.27 Td (2,304) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 414.27 Td (102) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 414.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 399.27 Td (Purchase obligations \(d\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.65 399.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.65 399.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.65 399.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 399.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 399.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 384.27 Td (Settlement and royalty indemnification \(e\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.15 384.27 Td (24,022) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.15 384.27 Td (3,749) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.15 384.27 Td (14,293) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.15 384.27 Td (5,980) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 384.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 369.27 Td (Other long-term liabilities \(f\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.15 369.27 Td (3,417) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.65 369.27 Td (388) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.65 369.27 Td (699) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 369.27 Td (777) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 369.27 Td (1,553) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.00 354.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.15 354.27 Td (72,660) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.00 354.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.15 354.27 Td (22,865) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.00 354.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.15 354.27 Td (24,920) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.00 354.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 354.27 Td (14,945) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.00 354.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 354.27 Td (9,930) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 332.10 Td (\(a\) On March 3, 2016, we sold our 24.95% membership interest in RCM6. ) Tj ET Q q 0 0 0 rg BT 350.23 332.10 Td (As part of the consideration received from the sale, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 320.10 Td (the purchaser assumed the outstanding note payable associated with our initial investment in RCM6. In February 2016, the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 308.10 Td (Company entered into an agreement with the DSI Business Owner to settle the remaining amounts owed as of the date of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 296.10 Td (agreement of approximately $1.1 million for $0.3 million, which was paid in the first quarter of 2016. ) Tj ET Q q 0 0 0 rg BT 459.08 296.10 Td (Amounts owed are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 284.10 Td (included within the Notes Payable line item in the above table as of December 31, 2015.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 266.10 Td (As a result of the assumption of the future note and interest payments related to RCM6 and the settlement of the remaining ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 254.10 Td (amounts owed to the DSI Business Owner) Tj ET Q q 0 0 0 rg BT 219.03 254.10 Td (, excluding the $0.3 million paid to the DSI Business Owner in the first quarter of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 242.10 Td (2016, all future payments related to the notes payable amounts as of December) Tj ET Q q 0 0 0 rg BT 365.33 242.10 Td (, 31, 2015 will be eliminated. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 225.10 Td (\(b\) On October 22, 2015, the Company entered into a credit agreement for a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.11 225.10 Td ($15.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.01 225.10 Td ( short-term loan, with Franklin ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 213.10 Td (Mutual Quest Fund and MFP) Tj ET Q q 0 0 0 rg BT 166.86 213.10 Td ( Investors LLC \(the "Lenders"\), and ) Tj ET Q q 0 0 0 rg BT 313.41 213.10 Td (W) Tj ET Q q 0 0 0 rg BT 322.45 213.10 Td (ilmington ) Tj ET Q q 0 0 0 rg BT 363.66 213.10 Td (T) Tj ET Q q 0 0 0 rg BT 369.42 213.10 Td (rust, National ) Tj ET Q q 0 0 0 rg BT 425.80 213.10 Td (Association, as the administrative ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 201.10 Td (agent and collateral agent \(the Credit ) Tj ET Q q 0 0 0 rg BT 204.38 201.10 Td (Agreement\) which was subsequently amended in 2016 as discussed below) Tj ET Q q 0 0 0 rg BT 505.60 201.10 Td (. Under the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 189.10 Td (original terms and conditions, the Credit ) Tj ET Q q 0 0 0 rg BT 213.58 189.10 Td (Agreement matured on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.72 189.10 Td (April22, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.33 189.10 Td (, subject to a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.37 189.10 Td (three) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.36 189.10 Td ( month extension at the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 177.10 Td (Company's option to the extent certain conditions are met. ) Tj ET Q q 0 0 0 rg BT 285.45 177.10 Td (The Credit ) Tj ET Q q 0 0 0 rg BT 330.44 177.10 Td (Agreement bears interest at an annual rate equal to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.63 177.10 Td (10.5%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 561.46 177.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 165.10 Td (and is subject to various prepayment and other premiums if certain events, including a change in control, occur) Tj ET Q q 0 0 0 rg BT 493.48 165.10 Td (. ) Tj ET Q q 0 0 0 rg BT 498.30 165.10 Td (The Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 153.10 Td (received net proceeds of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 149.95 153.10 Td ($13.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.84 153.10 Td (and recorded debt discount and debt issuance costs of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.22 153.10 Td ($1.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.11 153.10 Td (. ) Tj ET Q q 0 0 0 rg BT 476.93 153.10 Td (The debt discounts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 141.10 Td (and debt issuance costs will be amortized to interest expense using the ef) Tj ET Q q 0 0 0 rg BT 341.40 141.10 Td (fective interest method over the life of theCredit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 129.10 Td (Agreement. ) Tj ET Q q 0 0 0 rg BT 98.87 129.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 123.32 129.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 201.90 129.10 Td (, the unamortized debt discount and issuance costs was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.07 129.10 Td ($0.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.96 129.10 Td (. ) Tj ET Q q 0 0 0 rg BT 477.78 129.10 Td (The net proceeds ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 117.10 Td (were being used to fund working capital needs and for general operating purposes of the Company and its subsidiaries. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 100.10 Td (On February 8, 2016, the Company entered into the first amendment to the Credit ) Tj ET Q q 0 0 0 rg BT 378.82 100.10 Td (Agreement \("First ) Tj ET Q q 0 0 0 rg BT 453.44 100.10 Td (Amendment"\) that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 88.10 Td (extended the SEC filings date to March 30, 2016. On March 30, 2016, the Company entered into the second amendment to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 76.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 76.94 76.10 Td (Agreement \("Second ) Tj ET Q q 0 0 0 rg BT 162.67 76.10 Td (Amendment"\). ) Tj ET Q q 0 0 0 rg BT 224.33 76.10 Td (The Second ) Tj ET Q q 0 0 0 rg BT 273.76 76.10 Td (Amendment extended the maturity date to July 8, 2016, extended the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 64.10 Td (Company's filing date deadline related to its 2015 SEC filings to ) Tj ET Q q 0 0 0 rg BT 309.82 64.10 Td (April 20, 2016, increased the stated interest rate from 10.5% to ) Tj ET Q endstream endobj 133 0 obj <> endobj 134 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (63) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (15.0% and increased the minimum cash balance requirement from $3.0 million to $3.5 million. ) Tj ET Q q 0 0 0 rg BT 433.06 742.10 Td (The Company incurred ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (approximately $0.6 million in fees related to the Second ) Tj ET Q q 0 0 0 rg BT 276.61 730.10 Td (Amendment.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 713.10 Td (\(c\) Subsequent to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.49 713.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 201.07 713.10 Td (, and in connection with the aforementioned realignment of the Company's operations, the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 701.10 Td (Company entered into an agreement to terminate various lease agreements covering approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.18 701.10 Td (207 thousand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.79 701.10 Td ( square feet of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 689.10 Td (manufacturing, warehouse and of) Tj ET Q q 0 0 0 rg BT 183.66 689.10 Td (fice space located in Pennsylvania. ) Tj ET Q q 0 0 0 rg BT 325.27 689.10 Td (As consideration for terminating the leases, the Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 677.10 Td (agreed to pay the lessor termination fees of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.94 677.10 Td ($250 thousand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.54 677.10 Td ( in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.77 677.10 Td (April 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.38 677.10 Td ( and the same amount in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.80 677.10 Td (April 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.41 677.10 Td (. ) Tj ET Q q 0 0 0 rg BT 486.86 677.10 Td (As a result, future ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 665.10 Td (minimum commitments under leases, net of the termination fees will be reduced by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.58 665.10 Td ($0.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.47 665.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 647.10 Td (\(d\) Purchase obligations does not include commitments pursuant to subcontracts and/or other purchase orders related to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 635.10 Td (equipment contracts since such amounts are expected to be funded under contract billings. In addition, purchase obligations do ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 623.10 Td (not include potential future variable payment obligations related to the acquisition of our equity interest in RCM6, as disclosed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 611.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.28 611.10 Td (Note 7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.22 611.10 Td ( in our Consolidated Financial Statements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 593.10 Td (\(e\) Future cash payments related to our Settlement and royalty indemnification may dif) Tj ET Q q 0 0 0 rg BT 398.60 593.10 Td (fer from the payment amounts included ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 581.10 Td (within the above schedule due to actual revenues generated by our former equity method investment and changes in estimates ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 569.10 Td (related to future revenues. If such dif) Tj ET Q q 0 0 0 rg BT 197.81 569.10 Td (ferences were to occur) Tj ET Q q 0 0 0 rg BT 287.63 569.10 Td (, these changes would also impact our results of operations and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 557.10 Td (financial condition.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 539.10 Td (\(f\) Obligations related to Other long-term liabilities relate to our November 2014 acquisition of licensed technology from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 527.10 Td (Highview) Tj ET Q q 0 0 0 rg BT 88.79 527.10 Td (, in the form of a long term, exclusive arrangement, requiring us to make payments over the course of 10 years in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 515.10 Td (amount of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.33 515.10 Td ($3.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.22 515.10 Td (. ) Tj ET Q q 0 0 0 rg BT 147.04 515.10 Td (The technology license agreement was amended in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.34 515.10 Td (November 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.05 515.10 Td ( to defer license fee payments for a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 503.10 Td (year) Tj ET Q q 0 0 0 rg BT 66.81 503.10 Td (, to allow us to elect a non-exclusive license at a lower cost, or to terminate the license in return for paying a buy-out fee ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 491.10 Td (starting at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 92.21 491.10 Td (0.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.10 491.10 Td ( \() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 146.93 491.10 Td ($0.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 195.83 491.10 Td ( based upon the exchange rate in ef) Tj ET Q q 0 0 0 rg BT 336.42 491.10 Td (fect as of the date of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.98 491.10 Td (November 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.69 491.10 Td ( amendment\) if ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 479.10 Td (terminated in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.54 479.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 125.54 479.10 Td ( and reducing annually over the term of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.75 479.10 Td (10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.75 479.10 Td ( year agreement.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 462.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 462.10 Td (e have not included obligations related to 453A) Tj ET Q q 0 0 0 rg BT 247.76 462.10 Td ( interest payments due to uncertainty of amounts payable in future periods ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 450.10 Td (relating to matters impacting future obligations such as the balance deferred under the installment method at each future ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 438.10 Td (balance sheet date and changes in interest rates. However) Tj ET Q q 0 0 0 rg BT 279.22 438.10 Td (, based upon the estimated deferred balance as of December 31, 2015 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 426.10 Td (and interest rates in ef) Tj ET Q q 0 0 0 rg BT 138.12 426.10 Td (fect as of the date of this Form 10-K filing, we estimate paying approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.75 426.10 Td ($3.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.65 426.10 Td ( in 453A) Tj ET Q q 0 0 0 rg BT 536.09 426.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 414.10 Td (interest during the year ended December 31, 2016. If no future RC facilities obtain investors, the deferred gain balance would ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 402.10 Td (decrease and interest payments, assuming no changes in the applicable interest rate, would also decrease throughout the periods ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 390.10 Td (in the table above.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 372.10 Td (Outstanding letters of credit were issued in connection with equipment sales agreements, collateral support for future royalty ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 360.10 Td (indemnity obligations and other items. ) Tj ET Q q 0 0 0 rg BT 206.09 360.10 Td (A) Tj ET Q q 0 0 0 rg BT 212.76 360.10 Td ( summary of the information related to our letters of credit is as follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 294.60 98.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 148.50 294.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 152.50 294.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 217.50 294.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 221.50 294.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 294.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 294.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 294.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 294.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 294.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 294.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 294.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 294.60 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 152.5 334.6 m 217.5 334.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 217.5 334.6 m 221.5 334.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 221.5 334.6 m 286.5 334.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 152.5 334.6 m 217.5 334.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 152.5 319.6 m 217.5 319.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 217.5 334.6 m 221.5 334.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 217.5 319.6 m 221.5 319.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 221.5 334.6 m 286.5 334.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 221.5 319.6 m 286.5 319.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 294.6 m 148.5 294.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 152.5 319.6 m 217.5 319.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 152.5 294.6 m 217.5 294.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 221.5 319.6 m 286.5 319.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 221.5 294.6 m 286.5 294.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 319.6 m 355.5 319.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 294.6 m 355.5 294.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 319.6 m 359.5 319.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 319.6 m 424.5 319.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 294.6 m 424.5 294.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 319.6 m 428.5 319.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 319.6 m 493.5 319.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 294.6 m 493.5 294.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 319.6 m 497.5 319.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 319.6 m 562.5 319.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 294.6 m 562.5 294.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 152.5 294.6 m 217.5 294.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 221.5 294.6 m 286.5 294.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 187.90 338.83 Td (T) Tj ET Q q 0 0 0 rg BT 192.50 338.83 Td (otal Outstanding) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 185.95 323.83 Td (As of December 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 331.50 323.83 Td (Expiration of Letters of Cr) Tj ET Q q 0 0 0 rg BT 423.34 323.83 Td (edit as of December) Tj ET Q q 0 0 0 rg BT 490.50 323.83 Td ( 31, 2015) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 53.00 298.85 Td (\(in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 176.50 298.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 245.50 298.83 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 294.65 298.83 Td (Less than 1 year) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 376.05 298.83 Td (1-3 years) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 445.05 298.83 Td (4-5 years) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 507.35 298.83 Td (After) Tj ET Q q 0 0 0 rg BT 525.41 298.83 Td ( 5 years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 284.27 Td (Letters of credit) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 155.00 284.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 186.15 284.27 Td (12,034) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.00 284.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 255.15 284.27 Td (11,625) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.00 284.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.65 284.27 Td (728) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 284.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 284.27 Td (5,156) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 284.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 284.27 Td (6,150) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 284.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 284.27 Td () Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (Additional information related to the letters of credit is included in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.09 262.10 Td (Note 14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.03 262.10 Td ( to our Consolidated Financial Statements, included ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (in Item 8 of this Form 10-K. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (Off-Balance Sheet ) Tj ET Q q 0 0 0 rg BT 129.43 226.10 Td (Arrangements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (Other than the operating leases, letters of credit and 453A) Tj ET Q q 0 0 0 rg BT 280.48 202.10 Td ( interest obligations discussed in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.96 202.10 Td (Note 14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.90 202.10 Td ( of our Consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.10 Td (Financial Statements included elsewhere in this Form 10-K, we have no other material of) Tj ET Q q 0 0 0 rg BT 406.94 190.10 Td (f-balance sheet arrangements as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.58 178.10 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 154.10 Td (Critical ) Tj ET Q q 0 0 0 rg BT 84.71 154.10 Td (Accounting Policies and Estimates) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 136.10 Td (Our significant accounting policies are discussed in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.55 136.10 Td (Note 1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 285.49 136.10 Td ( to our Consolidated Financial Statements included elsewhere in this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 124.10 Td (Form 10-K. In presenting our financial statements in conformity with accounting principles generally accepted in the U.S. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 112.10 Td (\("U.S. GAAP"\), we are required to make estimates and assumptions that af) Tj ET Q q 0 0 0 rg BT 350.13 112.10 Td (fect the amounts reported therein. Several of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 100.10 Td (estimates and assumptions we are required to make relate to matters that are inherently uncertain as they pertain to future ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 88.10 Td (events. ) Tj ET Q q 0 0 0 rg BT 80.37 88.10 Td (W) Tj ET Q q 0 0 0 rg BT 89.00 88.10 Td (e base estimates on historical experience and other assumptions believed to be reasonable under the circumstances ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 76.10 Td (and evaluate these estimates on an ongoing basis. ) Tj ET Q q 0 0 0 rg BT 249.67 76.10 Td (Actual results may dif) Tj ET Q q 0 0 0 rg BT 338.08 76.10 Td (fer from these estimates under dif) Tj ET Q q 0 0 0 rg BT 472.57 76.10 Td (ferent assumptions or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 64.10 Td (conditions.) Tj ET Q endstream endobj 135 0 obj <> endobj 136 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (64) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 742.10 Td (e believe that the accounting estimates discussed below are critical to understanding our historical and future performance, as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (these estimates relate to the more significant areas involving management) Tj ET Q q 0 0 0 rg BT 347.95 730.10 Td (s judgments and estimates.) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 711.7669921875 m 134.6826171875 711.7669921875 l s q 0 0 0 rg BT 50.00 713.10 Td (Revenue Recognition) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 692.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 692.10 Td (e recognize revenue when: \(i\) persuasive evidence of a customer arrangement exists; \(ii\) the price is fixed or determinable; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 680.10 Td (\(iii\) collectability is reasonably assured; and \(v\) product delivery has occurred or services have been rendered and its probable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 668.10 Td (that performance guarantees, if any) Tj ET Q q 0 0 0 rg BT 190.67 668.10 Td (, will be met. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 647.10 Td (Equipment sales) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 626.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 626.10 Td (e enter into contracts that require, over a period of months, the design and construction of emissions control systems ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 614.10 Td (\("extended equipment contracts"\). Revenue from such extended equipment contracts is recorded using the percentage of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 602.10 Td (completion cost to cost method based on costs incurred to date compared with total estimated contract costs. However) Tj ET Q q 0 0 0 rg BT 522.25 602.10 Td (, if there ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 590.10 Td (is not suf) Tj ET Q q 0 0 0 rg BT 86.49 590.10 Td (ficient information to estimate costs for extended equipment contracts, the completed contract method is used. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 569.10 Td (Under the completed contract method, revenues and costs from extended equipment contracts are deferred and recognized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 557.10 Td (when contract obligations are substantially complete. ) Tj ET Q q 0 0 0 rg BT 265.03 557.10 Td (The Company defines substantially complete as delivery of equipment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 545.10 Td (and start-up at the customer site, and, as applicable to DSI systems, the completion of any major warranty service. Such costs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 533.10 Td (are accumulated in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.73 533.10 Td (Costs in excess of billings on uncompleted contracts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.42 533.10 Td ( line item in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.68 533.10 Td (Consolidated Balance Sheets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.76 533.10 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 521.10 Td (typically include direct materials, direct labor and subcontractor costs, and indirect costs related to contract performance, such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 509.10 Td (as indirect labor) Tj ET Q q 0 0 0 rg BT 114.02 509.10 Td (, supplies, tools and repairs. For each of the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.62 509.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.62 509.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.62 509.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.62 509.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.06 509.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.06 509.10 Td (, we did not have suf) Tj ET Q q 0 0 0 rg BT 508.19 509.10 Td (ficient ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 497.10 Td (information to measure ongoing percentage of completion using cost to cost method for our extended equipment contracts, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 485.10 Td (accordingly) Tj ET Q q 0 0 0 rg BT 96.55 485.10 Td (, the completed contract method of revenue recognition has been used for each of these years and revenues and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 473.10 Td (costs are deferred until the equipment is placed into service and contract obligations are substantially complete. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 452.10 Td (When multiple contracts exist with a single counterparty) Tj ET Q q 0 0 0 rg BT 275.67 452.10 Td (, we evaluate revenue recognition on a contract by contract basis. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 440.10 Td (Provisions for estimated losses on uncompleted contracts are recognized when it has been determined that a loss is probable. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 419.10 Td (Costs of revenues include all labor) Tj ET Q q 0 0 0 rg BT 188.17 419.10 Td (, fringe benefits, subcontract labor) Tj ET Q q 0 0 0 rg BT 324.95 419.10 Td (, chemical and coal costs, materials, equipment, supplies, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 407.10 Td (travel costs and any other costs and expenses directly related to the Company) Tj ET Q q 0 0 0 rg BT 362.13 407.10 Td (s production of revenue. ) Tj ET Q q 0 0 0 rg BT 461.64 407.10 Td (T) Tj ET Q q 0 0 0 rg BT 467.05 407.10 Td (o the extent that they ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 395.10 Td (occur) Tj ET Q q 0 0 0 rg BT 71.81 395.10 Td (, the Company recognizes estimated loss provisions related to contracts in the period that the potential loss is identified.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 374.10 Td (In addition, warranty costs for ) Tj ET Q q 0 0 0 rg BT 172.75 374.10 Td (ACI equipment systems are estimated based on historical experience and are recorded as a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 362.10 Td (percentage of revenue when the equipment is substantially complete. ) Tj ET Q q 0 0 0 rg BT 328.06 362.10 Td (W) Tj ET Q q 0 0 0 rg BT 336.69 362.10 Td (arranty costs, comprised of the cost of replacement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 350.10 Td (materials and direct labor) Tj ET Q q 0 0 0 rg BT 151.50 350.10 Td (, are included within the Equipment sales cost of revenue line of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.86 350.10 Td (Consolidated Statements of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 338.10 Td (Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.88 338.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 317.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 317.10 Td (arranty costs for DSI equipment systems cannot be estimated due to a lack of historical experience manufacturing DSI ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 305.10 Td (systems and the resulting claims history) Tj ET Q q 0 0 0 rg BT 209.05 305.10 Td (, if any) Tj ET Q q 0 0 0 rg BT 236.45 305.10 Td (, needed to determine an appropriate warranty amount. ) Tj ET Q q 0 0 0 rg BT 457.85 305.10 Td (Therefore, revenue ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 293.10 Td (recognition has been deferred until the end of the warranty period, generally 12 to 24 months following substantial completion. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 281.10 Td (As warranty claims are incurred, such costs are deferred within the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.89 281.10 Td (Costs in excess of billings on uncompleted contracts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.58 281.10 Td ( line ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 269.10 Td (item in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 95.27 269.10 Td (Consolidated Balance Sheets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 211.35 269.10 Td (, until such time that revenue and cost of revenues are recognized.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 248.10 Td (Additional details related to long term equipment revenues are described in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.51 248.10 Td (Note 1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.45 248.10 Td ( of the Consolidated Financial Statements of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 236.10 Td (this Form10-K.) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 213.76699218750002 m 239.9609375 213.76699218750002 l s q 0 0 0 rg BT 50.00 215.10 Td (Performance Guarantee on Equipment Systems) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 194.10 Td (In the normal course of business related to ) Tj ET Q q 0 0 0 rg BT 221.62 194.10 Td (ACI and DSI systems, we may guarantee certain performance thresholds during a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 182.10 Td (discrete performance testing period that does not extend beyond six months from the initial test date, the commencement of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 170.10 Td (which is determined by the customer) Tj ET Q q 0 0 0 rg BT 196.91 170.10 Td (. Performance thresholds include such matters as the achievement of a certain level of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 158.10 Td (mercury removal and other emissions based upon the injection of a specified quantity of a qualified ) Tj ET Q q 0 0 0 rg BT 449.88 158.10 Td (AC or other chemical at a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 146.10 Td (specified rate given other plant operating conditions, availability of equipment and electric power usage. In the event the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 134.10 Td (equipment fails to perform as specified during the testing period, we may have an obligation to correct or replace the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 122.10 Td (equipment. In the event the level of emissions removal is not achieved, we may have a make right obligation within the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 110.10 Td (contract limits. Prior to the third quarter of 2015, we had not incurred a performance guarantee claim. If incurred, guarantees ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 98.10 Td (are included within the Equipment sales cost of revenue line of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.36 98.10 Td (Consolidated Statements of Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.72 98.10 Td (. ) Tj ET Q q 0 0 0 rg BT 480.54 98.10 Td (The Company is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 86.10 Td (currently working to modify and correct two performance guarantee issues related to emissions control \("EC"\) systems ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 74.10 Td (installed in 2015. Resolution of these performance guarantees is not expected to result in a material adverse ef) Tj ET Q q 0 0 0 rg BT 490.22 74.10 Td (fect on the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 62.10 Td (Company) Tj ET Q q 0 0 0 rg BT 91.67 62.10 Td (s operating performance or liquidity in 2016 or beyond. Resolution of these performance guarantees is not expected ) Tj ET Q endstream endobj 137 0 obj <> endobj 138 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (65) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (to result in a material adverse ef) Tj ET Q q 0 0 0 rg BT 178.10 742.10 Td (fect on the Company) Tj ET Q q 0 0 0 rg BT 264.46 742.10 Td (s operating performance or liquidity in 2016 or beyond. However) Tj ET Q q 0 0 0 rg BT 525.66 742.10 Td (, the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (Company will not recognize any revenues related to these two contracts until the performance guarantee issues are resolved.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 709.10 Td (Additional details related to performance guarantees are described in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.93 709.10 Td (Note 1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.87 709.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.31 709.10 Td (Note 14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.25 709.10 Td ( of the Consolidated Financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 697.10 Td (Statements of this Form10-K.) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 678.7669921875 m 218.2958984375 678.7669921875 l s q 0 0 0 rg BT 50.00 680.10 Td (Impairment of Equity Method Investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 663.10 Td (Equity method investments at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 171.65 663.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 250.23 663.10 Td ( totaled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.45 663.10 Td ($17.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.34 663.10 Td (, representing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.26 663.10 Td (28%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.59 663.10 Td ( of total assets. Our equity method ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 651.10 Td (investments are non-publicly traded ventures with other companies in businesses related to RC and are recorded at the carrying ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 639.10 Td (value of the investment. Equity investments are reviewed for impairment whenever events or changes in circumstances indicate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 627.10 Td (that the carrying amount of the investment may not be recoverable. In the event that a decline in fair value of an investment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 615.10 Td (occurs, and the decline in value is considered to be other than temporary) Tj ET Q q 0 0 0 rg BT 338.97 615.10 Td (, an impairment loss is recognized. ) Tj ET Q q 0 0 0 rg BT 480.42 615.10 Td (There were no ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 603.10 Td (indicators of impairment of equity method investments as of or during the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.25 603.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.83 603.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.83 603.10 Td (December31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 560.42 603.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 591.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.83 591.10 Td (December31, 2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.41 591.10 Td (. Information related to our equity method investees is included in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.02 591.10 Td (Note 7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.95 591.10 Td ( of the Consolidated Financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 579.10 Td (Statements of this Form10-K.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (As of December 31, 2015, approximately $) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.29 562.10 Td (13.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.18 562.10 Td ( of the $) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.22 562.10 Td (17.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.12 562.10 Td ( carrying value of our equity method investments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (relates to our investment in RCM6. ) Tj ET Q q 0 0 0 rg BT 193.04 550.10 Td (As noted above, we subsequently sold our 24.95% membership interest in RCM6 on March ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (3, 2016 for aggregate consideration that exceeds the carrying value of our investment. ) Tj ET Q q 0 0 0 rg BT 395.71 538.10 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 445.05 538.10 Td (, we have not recorded any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (impairment on our RCM6 investment as of or during the year ended December 31, 2015.) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 507.7669921875 m 208.0126953125 507.7669921875 l s q 0 0 0 rg BT 50.00 509.10 Td (Settlement and Royalty Indemnification) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 208.01 509.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 491.10 Td (The Settlement and royalty indemnification at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.61 491.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 315.20 491.10 Td ( totaled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.41 491.10 Td ($20.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.30 491.10 Td (, representing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.22 491.10 Td (24%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.55 491.10 Td ( of total liabilities. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 479.10 Td (The Settlement and royalty indemnification recorded at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.09 479.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.67 479.10 Td ( represents our estimate of the future obligations of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 467.10 Td (the Company related to certain future revenues generated from a former equity method investment of the Company through the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 455.10 Td (second quarter of 2018 as described in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.34 455.10 Td (Note 2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.28 455.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.71 455.10 Td (Note 14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.65 455.10 Td ( of the Consolidated Financial Statements of this Form10-K. Our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 443.10 Td (estimate is based upon projections of future revenues subject to royalty indemnification payments. It is reasonably possible that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 431.10 Td (future revenues subject to the royalty indemnification payments may be materially dif) Tj ET Q q 0 0 0 rg BT 393.32 431.10 Td (ferent from those currently projected and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 419.10 Td (changes in estimates will impact our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.30 419.10 Td (Consolidated Statements of Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.66 419.10 Td (.) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 400.7669921875 m 379.0625 400.7669921875 l s q 0 0 0 rg BT 50.00 402.10 Td (Shar) Tj ET Q q 0 0 0 rg BT 68.52 402.10 Td (e-Based Compensation Expense Related to Performance Stock Units \("PSU"\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 378.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 378.10 Td (e grant certain executives of the Company PSU's that vest in equal installments over a period of three years subject to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 366.10 Td (grantee) Tj ET Q q 0 0 0 rg BT 82.20 366.10 Td (s continuous service with the Company and the grant of performance share units . Each PSU represents a contingent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 354.10 Td (right to receive shares of the Company) Tj ET Q q 0 0 0 rg BT 207.73 354.10 Td (s common stock if the Company meets certain performance measures over the requisite ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 342.10 Td (period. Compensation expense is recognized for PSU awards on a straight-line basis over a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.85 342.10 Td (three) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.84 342.10 Td ( year service period based on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 330.10 Td (the estimated fair value at the date of grant using a Monte Carlo simulation model. ) Tj ET Q q 0 0 0 rg BT 382.50 330.10 Td (The Monte Carlo model determines the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 318.10 Td (grant date fair value of the award based upon estimated company stock performance compared to the projected relative ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 306.10 Td (placement of the Company) Tj ET Q q 0 0 0 rg BT 160.80 306.10 Td (s total stockholder return \(TSR\) for the award period with approximately 75% of the award based ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 294.10 Td (on the relative performance of the Company) Tj ET Q q 0 0 0 rg BT 229.93 294.10 Td (s ) Tj ET Q q 0 0 0 rg BT 236.14 294.10 Td (TSR performance compared to the respective ) Tj ET Q q 0 0 0 rg BT 419.78 294.10 Td (TSR's of a specified group of peer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 282.10 Td (companies and the remaining portion of the award based on the Company) Tj ET Q q 0 0 0 rg BT 347.97 282.10 Td (s ) Tj ET Q q 0 0 0 rg BT 354.18 282.10 Td (TSR performance compared to the Russell 3000 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 270.10 Td (Index. Dif) Tj ET Q q 0 0 0 rg BT 90.92 270.10 Td (ferent Monte Carlo simulation results would result in a dif) Tj ET Q q 0 0 0 rg BT 323.75 270.10 Td (ferent grant date fair value and would impact the share-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 258.10 Td (based compensation expense we would recognize over the award period in our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.11 258.10 Td (Consolidated Statements of Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.47 258.10 Td (. Refer to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 246.10 Td (Note 13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.94 246.10 Td ( of our Consolidated Financial Statements of this Form10-K for additional information regarding our PSU awards.) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 223.76699218750002 m 124.892578125 223.76699218750002 l s q 0 0 0 rg BT 50.00 225.10 Td (Legal Pr) Tj ET Q q 0 0 0 rg BT 84.91 225.10 Td (oceedings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 201.10 Td (The Company is involved in certain legal actions. ) Tj ET Q q 0 0 0 rg BT 251.16 201.10 Td (The outcomes of these legal actions are not within our control and may not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 189.10 Td (be known for prolonged periods of time. In some actions, the claimants seek monetary damages and other penalties, which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 177.10 Td (could require significant expenditures. In accordance with U.S. GAAP) Tj ET Q q 0 0 0 rg BT 331.31 177.10 Td (, we record a liability in our Consolidated Financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 165.10 Td (Statements for loss contingencies when a loss is known or considered probable and the amount can be reasonably estimated. If ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 153.10 Td (the reasonable estimate of a known or probable loss is a range, and no amount within the range is a better estimate than any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 141.10 Td (other) Tj ET Q q 0 0 0 rg BT 70.15 141.10 Td (, the minimum amount of the range is accrued. If a loss is reasonably possible but not known or probable, and can be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 129.10 Td (reasonably estimated, the estimated loss or range of loss is disclosed. Estimates of probable losses resulting from litigation and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 117.10 Td (governmental proceedings involving the Company are inherently dif) Tj ET Q q 0 0 0 rg BT 323.91 117.10 Td (ficult to predict, particularly when the matters are in early ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 105.10 Td (procedural stages, with incomplete facts or legal discovery; involve unsubstantiated or indeterminate claims for damages; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 93.10 Td (potentially involve penalties or fines; or could result in a change in business practice. ) Tj ET Q q 0 0 0 rg BT 392.78 93.10 Td (W) Tj ET Q q 0 0 0 rg BT 401.42 93.10 Td (e cannot predict with any certainty the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 81.10 Td (final outcome of any legal proceedings as described in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.20 81.10 Td (Note 14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.14 81.10 Td ( of our Consolidated Financial Statements of this Form10-K, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 69.10 Td (and we cannot assure you that the ultimate resolution of any such matter will not have a material adverse ef) Tj ET Q q 0 0 0 rg BT 479.39 69.10 Td (fect on our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 57.10 Td (consolidated financial position, results of operations, or cash flows. ) Tj ET Q q 0 0 0 rg BT 321.98 57.10 Td (W) Tj ET Q q 0 0 0 rg BT 330.62 57.10 Td (e have not recorded an expense related to losses in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 45.10 Td (connection with unsettled legal matters as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 230.78 45.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.37 45.10 Td ( because any potential loss was not then probable or ) Tj ET Q endstream endobj 139 0 obj <> endobj 140 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (66) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (reasonably estimable under U.S. GAAP) Tj ET Q q 0 0 0 rg BT 208.31 742.10 Td (. However) Tj ET Q q 0 0 0 rg BT 249.56 742.10 Td (, a change in this estimate could materially impact our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.65 742.10 Td (Consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (Statements of Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 151.09 730.10 Td (. Refer to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 191.07 730.10 Td (Note 14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.01 730.10 Td ( of our Consolidated Financial Statements of this Form10-K for additional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (information regarding legal matters.) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 699.7669921875 m 104.3408203125 699.7669921875 l s q 0 0 0 rg BT 50.00 701.10 Td (Income T) Tj ET Q q 0 0 0 rg BT 86.57 701.10 Td (axes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 680.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 680.10 Td (e account for income taxes as required by general accounting principles, under which management judgment is required in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 668.10 Td (determining income tax expense and the related balance sheet amounts. ) Tj ET Q q 0 0 0 rg BT 338.32 668.10 Td (This judgment includes estimating and analyzing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 656.10 Td (historical and projected future operating results, the reversal of taxable temporary dif) Tj ET Q q 0 0 0 rg BT 389.69 656.10 Td (ferences, tax planning strategies, and the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 644.10 Td (ultimate outcome of uncertain income tax positions. ) Tj ET Q q 0 0 0 rg BT 259.95 644.10 Td (Actual income taxes paid may vary from estimates, depending upon ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 632.10 Td (changes in income tax laws, actual results of operations, and the final audit of tax returns by taxing authorities. ) Tj ET Q q 0 0 0 rg BT 495.25 632.10 Td (T) Tj ET Q q 0 0 0 rg BT 500.66 632.10 Td (ax assessments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 620.10 Td (may arise several years after tax returns have been filed. Changes in the estimates and assumptions used for calculating income ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 608.10 Td (tax expense and potential dif) Tj ET Q q 0 0 0 rg BT 164.78 608.10 Td (ferences in actual results from estimates could have a material impact on the Company's results of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 596.10 Td (operations and financial condition.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 575.10 Td (Deferred tax assets and liabilities are determined on the basis of the dif) Tj ET Q q 0 0 0 rg BT 333.61 575.10 Td (ferences between the financial statements and tax basis ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 563.10 Td (of assets and liabilities using enacted tax rates in ef) Tj ET Q q 0 0 0 rg BT 254.48 563.10 Td (fect for the year in which the dif) Tj ET Q q 0 0 0 rg BT 383.41 563.10 Td (ferences are expected to reverse. ) Tj ET Q q 0 0 0 rg BT 515.92 563.10 Td (The ef) Tj ET Q q 0 0 0 rg BT 541.55 563.10 Td (fect ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 551.10 Td (of a change in tax rates on deferred tax assets and liabilities is recognized in income in the period that includes the enactment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 539.10 Td (date. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 518.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 518.10 Td (e recognize deferred tax assets to the extent that we believe these assets are more likely than not to be realized. In making ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 506.10 Td (such a determination, we consider all available positive and negative evidence, including future reversals of existing taxable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 494.10 Td (temporary dif) Tj ET Q q 0 0 0 rg BT 104.52 494.10 Td (ferences, projected future taxable income, tax-planning strategies, and results of recent operations. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 470.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 470.10 Td (e are currently in a tax net operating loss position in several jurisdictions in which we operate, including the U.S. federal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 458.10 Td (jurisdiction, resulting in significant deferred tax assets. ) Tj ET Q q 0 0 0 rg BT 271.71 458.10 Td (W) Tj ET Q q 0 0 0 rg BT 280.35 458.10 Td (e establish a valuation allowance against our deferred tax assets when, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 446.10 Td (based upon the weight of all available evidence, we believe it is more likely than not that some portion or all of the deferred tax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 434.10 Td (assets will not be realized. ) Tj ET Q q 0 0 0 rg BT 157.19 434.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 181.64 434.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.22 434.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.66 434.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.66 434.10 Td (, all existing deferred tax assets have been reduced to net asset ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 422.10 Td (values of zero via full valuation allowances. ) Tj ET Q q 0 0 0 rg BT 228.64 422.10 Td (W) Tj ET Q q 0 0 0 rg BT 237.28 422.10 Td (e have established these valuation allowances for our deferred tax assets that in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 410.10 Td (our judgment will not be realized. In making this determination, we have considered our historical tax loss history as well as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 398.10 Td (the relative impact of all of the available positive and negative evidence regarding future sources of taxable income and tax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 386.10 Td (planning strategies. However) Tj ET Q q 0 0 0 rg BT 166.51 386.10 Td (, there could be material impact to our ef) Tj ET Q q 0 0 0 rg BT 329.32 386.10 Td (fective tax rate if there is a significant change in our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 374.10 Td (judgment. If and when our judgment changes, then the valuation allowances are adjusted through the provision for income ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 362.10 Td (taxes in the period in which this determination is made. Refer to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.10 362.10 Td (Note 16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.04 362.10 Td ( of our Consolidated Financial Statements of this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 350.10 Td (Form10-K for additional information regarding our income tax provision.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 326.10 Td (Recently Issued ) Tj ET Q q 0 0 0 rg BT 118.89 326.10 Td (Accounting Standards ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 302.10 Td (Refer to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.99 302.10 Td (Note 1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 111.92 302.10 Td ( of our Consolidated Financial Statements of this Form10-K for information regarding recently issued ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 290.10 Td (accounting standards.) Tj ET Q endstream endobj 141 0 obj <> endobj 142 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (67) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Item7A. Quantitative and Qualitative Disclosur) Tj ET Q q 0 0 0 rg BT 254.81 742.25 Td (es ) Tj ET Q q 0 0 0 rg BT 265.09 742.25 Td (About Market Risk) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 716.25 Td (Inter) Tj ET Q q 0 0 0 rg BT 71.48 716.25 Td (est Rate Risk) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 704.25 Td (The Company is exposed to market risk from changes in interest rates. ) Tj ET Q q 0 0 0 rg BT 334.47 704.25 Td (The Company) Tj ET Q q 0 0 0 rg BT 394.18 704.25 Td (s assets include cash equivalents and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 692.25 Td (restricted cash subject to variable interest rates. Restricted cash is required to provide collateral for certain letters of credit for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 680.25 Td (ACI and DSI equipment projects, as well as for future payments related to royalty indemnification obligation payments as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 668.25 Td (discussed in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.11 668.25 Td (Note 14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.05 668.25 Td ( of the Consolidated Financial Statements. ) Tj ET Q q 0 0 0 rg BT 304.41 668.25 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.85 668.25 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.44 668.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.44 668.25 Td ($9.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.33 668.25 Td ( of cash was earning ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 656.25 Td (interest at variable rates. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 632.25 Td (The Company is exposed to interest rate risk related to its obligations to pay 453A) Tj ET Q q 0 0 0 rg BT 378.83 632.25 Td ( interest to the IRS. ) Tj ET Q q 0 0 0 rg BT 458.27 632.25 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.77 632.25 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.35 632.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 620.25 Td (the applicable 453A) Tj ET Q q 0 0 0 rg BT 129.98 620.25 Td ( interest rate, which, per the applicable rules is rounded to the nearest full percentage to determine interest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 608.25 Td (due, was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.49 608.25 Td (3.56%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.32 608.25 Td (, which was rounded to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 208.86 608.25 Td (4.00%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 234.69 608.25 Td (. ) Tj ET Q q 0 0 0 rg BT 239.14 608.25 Td (A) Tj ET Q q 0 0 0 rg BT 245.81 608.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.31 608.25 Td (10%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.64 608.25 Td ( proportionate increase in the applicable 453A) Tj ET Q q 0 0 0 rg BT 451.02 608.25 Td ( interest rate would not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 596.25 Td (have increased 453A) Tj ET Q q 0 0 0 rg BT 133.30 596.25 Td ( interest expense during the year ended December 31, 2014. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.00 584.25 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 572.25 Td (The Company is also exposed to interest rate risk in connection with its Line of Credit, if amounts are drawn, which bears ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 560.25 Td (interest at a variable rate, which is the higher of 5% or the Prime Rate plus 1%. ) Tj ET Q q 0 0 0 rg BT 377.39 560.25 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.89 560.25 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.48 560.25 Td ( the Prime Rate was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 548.25 Td (3.50%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.83 548.25 Td ( but no amounts were outstanding on the Line of Credit. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 524.25 Td (Using the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.11 524.25 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 169.69 524.25 Td ( cash balances, a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.82 524.25 Td (10%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.15 524.25 Td ( proportionate increase in short-term interest rates on an annualized basis ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 512.25 Td (compared to the actual interest rates as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 218.26 512.25 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.85 512.25 Td (, and a corresponding and parallel shift in the remainder of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 500.25 Td (yield curve, would result in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 162.20 500.25 Td (an increase to pretax income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.59 500.25 Td ( of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.92 500.25 Td ($9 thousand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.53 500.25 Td (. Conversely) Tj ET Q q 0 0 0 rg BT 388.42 500.25 Td (, a corresponding decrease in interest rates ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 488.25 Td (would result in a comparable change to pretax income. ) Tj ET Q q 0 0 0 rg BT 271.04 488.25 Td (Actual interest rates could change significantly more than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.29 488.25 Td (10%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.62 488.25 Td (. ) Tj ET Q q 0 0 0 rg BT 527.44 488.25 Td (There ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 476.25 Td (are inherent limitations in the sensitivity analysis presented, primarily due to the assumption that interest rate movements are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 464.25 Td (linear and instantaneous. ) Tj ET Q q 0 0 0 rg BT 151.08 464.25 Td (As a result, the analysis is unable to reflect the potential ef) Tj ET Q q 0 0 0 rg BT 384.72 464.25 Td (fects of more complex market changes that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 452.25 Td (could arise, which may positively or negatively af) Tj ET Q q 0 0 0 rg BT 249.76 452.25 Td (fect income.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 428.25 Td (Due to the significance of the Company's equity method investments, the Company is also exposed to interest rate risk ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 416.25 Td (dependent upon the composition of the individual balance sheets of the Company's investees. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 399.25 Td (For) Tj ET Q q 0 0 0 rg BT 65.37 399.25 Td (eign Curr) Tj ET Q q 0 0 0 rg BT 107.12 399.25 Td (ency Risk) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 387.25 Td (The Company is exposed to changes in currency rates as a result of its investments in foreign operations. U.S. dollars needed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 375.25 Td (for payments due in foreign currencies will increase or decrease compared to prior periods as a result of changes in foreign ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 363.25 Td (currency exchange rates. ) Tj ET Q q 0 0 0 rg BT 151.43 363.25 Td (The Company does not expect that such exposure would result in any material gains or losses from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 351.25 Td (foreign currency transactions completed in the normal course of business.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 334.25 Td (Commodity Price Risk) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.25 Td (In the normal course of our business, we are exposed to market risk or price fluctuations related to the goods we procure related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.25 Td (to our revenue-producing activities. Components of ) Tj ET Q q 0 0 0 rg BT 258.56 310.25 Td (ACI and DSI systems, which are or may be significant to such revenue ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.25 Td (producing activities, have market prices that fluctuate regularly) Tj ET Q q 0 0 0 rg BT 302.58 298.25 Td (, but not widely) Tj ET Q q 0 0 0 rg BT 364.71 298.25 Td (. ) Tj ET Q q 0 0 0 rg BT 369.53 298.25 Td (W) Tj ET Q q 0 0 0 rg BT 378.16 298.25 Td (e do not engage in commodity hedging ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.25 Td (transactions for raw materials, though we have committed and will continue to commit to purchase certain materials for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.25 Td (specified periods of time. Significant increases in the prices of our products due to increases in the cost of goods could have a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.25 Td (negative ef) Tj ET Q q 0 0 0 rg BT 93.96 262.25 Td (fect on demand for products and on profitability) Tj ET Q q 0 0 0 rg BT 285.76 262.25 Td (. However) Tj ET Q q 0 0 0 rg BT 327.01 262.25 Td (, to mitigate risk related to price fluctuations, commodity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.25 Td (purchases are made concurrently with contracts being awarded. ) Tj ET Q q 0 0 0 rg BT 306.10 250.25 Td (Therefore, the cost of significant price increases would likely ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.25 Td (be able to be materially passed on to the customer) Tj ET Q q 0 0 0 rg BT 249.11 238.25 Td (.) Tj ET Q endstream endobj 143 0 obj <> endobj 144 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (68) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Item8. 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0 j 3 M 448 321.75 m 503 321.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507 336.75 m 562 336.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507 321.75 m 562 321.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 321.75 m 503 321.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507 321.75 m 562 321.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 261.75 m 503 261.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507 261.75 m 562 261.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 246.75 m 503 246.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507 246.75 m 562 246.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 126.75 m 503 126.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 111.75 m 503 111.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507 126.75 m 562 126.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507 111.75 m 562 111.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 97.75 m 503 97.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 95.75 m 503 95.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507 97.75 m 562 97.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507 95.75 m 562 95.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 471.45 726.98 Td (As of December 31,) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 51.50 714.00 Td (\(in thousands, except shar) Tj ET Q q 0 0 0 rg BT 135.19 714.00 Td (e data\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 467.00 713.98 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 526.00 713.98 Td (2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 700.43 Td (ASSETS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.50 685.42 Td (Current assets:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 670.42 Td (Cash and cash equivalents) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.50 670.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.65 670.42 Td (9,265) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.50 670.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 670.42 Td (25,181) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 655.42 Td (Receivables, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.65 655.42 Td (8,361) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 655.42 Td (16,594) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 640.42 Td (Receivables, related parties, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.65 640.42 Td (1,918) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 640.42 Td (1,439) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 625.42 Td (Restricted cash) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.15 625.42 Td (728) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 625.42 Td (2,527) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 610.42 Td (Costs in excess of billings on uncompleted contracts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.65 610.42 Td (2,137) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 610.42 Td (6,153) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 595.42 Td (Prepaid expenses and other assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.65 595.42 Td (2,306) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 595.42 Td (2,535) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 580.42 Td (Total current assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 580.42 Td (24,715) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 580.42 Td (54,429) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 565.42 Td (Restricted cash, long-term) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 565.42 Td (10,980) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 565.42 Td (8,771) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 550.42 Td (Property and equipment, net of accumulated depreciation of $4,557 and $5,924, respectively) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.65 550.42 Td (2,040) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 550.42 Td (4,808) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 535.42 Td (Investment securities, restricted, long-term) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.15 535.42 Td (336) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.15 535.42 Td (336) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 520.42 Td (Cost method investment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.65 520.42 Td (2,776) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 520.42 Td (2,776) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 505.42 Td (Equity method investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 505.42 Td (17,232) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 505.42 Td (19,584) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 490.42 Td (Other assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.65 490.42 Td (2,696) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 490.42 Td (2,995) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 475.42 Td (Total Assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.50 475.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 475.42 Td (60,775) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.50 475.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 475.42 Td (93,699) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 461.43 Td (LIABILITIES AND STOCKHOLDERS DEFICIT) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.50 446.42 Td (Current liabilities:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 431.42 Td (Accounts payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.50 431.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.65 431.42 Td (6,174) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.50 431.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 431.42 Td (7,514) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 416.42 Td (Accrued payroll and related liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.65 416.42 Td (5,800) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 416.42 Td (5,158) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 401.42 Td (Current portion of notes payable, related parties) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.65 401.42 Td (1,837) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 401.42 Td (1,479) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 386.42 Td (Billings in excess of costs on uncompleted contracts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.65 386.42 Td (9,708) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 386.42 Td (22,518) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 371.42 Td (Short-term borrowings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 371.42 Td (12,676) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 371.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 356.42 Td (Settlement and royalty indemnity obligation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.65 356.42 Td (6,502) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 356.42 Td (3,749) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 341.42 Td (Other current liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.65 341.42 Td (6,198) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 341.42 Td (6,739) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 326.42 Td (Total current liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 326.42 Td (48,895) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 326.42 Td (47,157) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 311.42 Td (Long-term portion of notes payable, related parties) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 311.42 Td (13,512) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 311.42 Td (14,431) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 296.42 Td (Settlement and royalty indemnification, long-term) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 296.42 Td (13,797) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 296.42 Td (20,273) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 281.42 Td (Advance deposit, related party) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.65 281.42 Td (2,980) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 281.42 Td (6,524) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 266.42 Td (Other long-term liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.65 266.42 Td (6,569) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 266.42 Td (6,011) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 251.42 Td (Total Liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 251.42 Td (85,753) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 251.42 Td (94,396) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.50 236.42 Td (Commitments and contingencies \(Note 14\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.50 221.42 Td (Stockholders deficit:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 206.42 Td (Preferred stock: par value of $.001 and no par value per share, respectively, 50,000,000 shares) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 196.42 Td (authorized, none outstanding) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.15 196.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 196.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 181.42 Td (Common stock: par value of $.001 per share, 100,000,000 shares authorized, 21,943,872 and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 171.42 Td (21,853,263 shares issued and 21,809,164 and 21,643,342 shares outstanding at December31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 161.42 Td (2015 and 2014, respectively) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.15 161.42 Td (22) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 161.42 Td (22) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 146.42 Td (Additional paid-in capital) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 146.42 Td (116,029) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 146.42 Td (110,169) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 131.42 Td (Accumulated deficit) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.30 131.47 Td (\(141,029) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.15 131.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.30 131.47 Td (\(110,888) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 131.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 116.42 Td (Total stockholders deficit) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.30 116.47 Td (\(24,978) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.15 116.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.80 116.47 Td (\(697) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 116.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 101.42 Td (Total Liabilities and Stockholders Deficit) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.50 101.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 101.42 Td (60,775) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.50 101.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 101.42 Td (93,699) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 201.40 82.25 Td (See Notes to the Consolidated Financial Statements.) Tj ET Q endstream endobj 149 0 obj <> endobj 150 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (71) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 192.60 742.25 Td ( ) Tj ET Q q 0 0 0 rg BT 194.55 742.25 Td (Advanced Emissions Solutions, Inc. and Subsidiaries) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 222.50 730.25 Td (Consolidated Statements of Operations) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 685.75 336.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 685.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 685.75 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 685.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 685.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 685.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 685.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 655.75 336.00 -15.00 re f /GS0 gs 0.8 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1 rg /GS0 gs 389.50 265.75 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 265.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 265.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 265.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 265.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 235.75 336.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 235.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 235.75 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 235.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 235.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 235.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 235.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 205.75 336.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 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0 d 0 J 0 j 3 M 443.5 706.75 m 447.5 706.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 706.75 m 502.5 706.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 685.75 m 502.5 685.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 706.75 m 506.5 706.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 706.75 m 561.5 706.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 685.75 m 561.5 685.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 685.75 m 385.5 685.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 685.75 m 443.5 685.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 685.75 m 502.5 685.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 685.75 m 561.5 685.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 625.75 m 443.5 625.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 610.75 m 443.5 610.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 625.75 m 502.5 625.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 610.75 m 502.5 610.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 625.75 m 561.5 625.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 610.75 m 561.5 610.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 460.75 m 443.5 460.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 445.75 m 443.5 445.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 460.75 m 502.5 460.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 445.75 m 502.5 445.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 460.75 m 561.5 460.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 445.75 m 561.5 445.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 445.75 m 443.5 445.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 430.75 m 443.5 430.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 430.75 m 502.5 430.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 445.75 m 561.5 445.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 430.75 m 561.5 430.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 340.75 m 443.5 340.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 340.75 m 502.5 340.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 340.75 m 561.5 340.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 325.75 m 443.5 325.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 325.75 m 502.5 325.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 340.75 m 561.5 340.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 325.75 m 561.5 325.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 325.75 m 561.5 325.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 295.75 m 443.5 295.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 295.75 m 502.5 295.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 295.75 m 561.5 295.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 295.75 m 443.5 295.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 281.75 m 443.5 281.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 279.75 m 443.5 279.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 295.75 m 502.5 295.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 281.75 m 502.5 281.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 279.75 m 502.5 279.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 295.75 m 561.5 295.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 281.75 m 561.5 281.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 279.75 m 561.5 279.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 429.05 710.98 Td (Years Ended December 31,) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 52.00 690.00 Td (\() Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 54.66 690.00 Td (in thousands, except per shar) Tj ET Q q 0 0 0 rg BT 148.36 690.00 Td (e data) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 168.13 690.00 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 408.00 689.98 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 466.50 689.98 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 525.50 689.98 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 675.42 Td (Revenues:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 660.42 Td (Equipment sales) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.00 660.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.15 660.42 Td (60,099) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.00 660.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 660.42 Td (12,044) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.00 660.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 660.42 Td (5,747) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 645.42 Td (Consulting services) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.15 645.42 Td (1,752) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.15 645.42 Td (4,488) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 645.42 Td (6,790) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 630.42 Td (Chemicals and other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.65 630.42 Td (888) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.65 630.42 Td (391) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 630.42 Td (749) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 615.42 Td (Total revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.15 615.42 Td (62,739) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 615.42 Td (16,923) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 615.42 Td (13,286) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 600.42 Td (Operating expenses:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 585.42 Td (Equipment sales cost of revenue, exclusive of depreciation and amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.15 585.42 Td (45,433) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.15 585.42 Td (9,277) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 585.42 Td (9,459) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 570.42 Td (Consulting services cost of revenue, exclusive of depreciation and amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.15 570.42 Td (1,518) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.15 570.42 Td (2,203) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 570.42 Td (3,827) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 555.42 Td (Chemical and other cost of revenue, exclusive of depreciation and amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.65 555.42 Td (601) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.65 555.42 Td (140) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 555.42 Td (382) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 540.42 Td (Payroll and benefits) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.15 540.42 Td (23,589) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 540.42 Td (20,767) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 540.42 Td (16,228) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 525.42 Td (Rent and occupancy) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.15 525.42 Td (3,309) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.15 525.42 Td (2,468) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 525.42 Td (2,128) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 510.42 Td (Legal and professional fees) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.15 510.42 Td (16,604) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 510.42 Td (14,430) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 510.42 Td (4,534) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 495.42 Td (General and administrative) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.15 495.42 Td (6,104) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.15 495.42 Td (6,066) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 495.42 Td (4,101) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 480.42 Td (Research and development, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.15 480.42 Td (5,362) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.15 480.42 Td (1,521) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 480.42 Td (3,237) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 465.42 Td (Depreciation and amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.15 465.42 Td (2,019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.15 465.42 Td (1,865) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 465.42 Td (1,648) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 450.42 Td (Total operating expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.15 450.42 Td (104,539) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 450.42 Td (58,737) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 450.42 Td (45,544) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 435.42 Td (Operating loss) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.80 435.47 Td (\(41,800) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.65 435.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.80 435.47 Td (\(41,814) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.65 435.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.80 435.47 Td (\(32,258) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 435.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 420.42 Td (Other income \(expense\):) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 405.42 Td (Earnings from equity method investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.15 405.42 Td (8,921) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 405.42 Td (42,712) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 405.42 Td (15,502) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 390.42 Td (Royalties, related party) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.15 390.42 Td (10,642) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.15 390.42 Td (6,410) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 390.42 Td (2,505) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 375.42 Td (Interest income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.65 375.42 Td (24) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 375.42 Td (74) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 375.42 Td (109) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 360.42 Td (Interest expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.80 360.47 Td (\(8,402) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.65 360.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.80 360.47 Td (\(5,725) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.65 360.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 360.47 Td (\(1,338) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 360.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 345.42 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.65 345.42 Td (494) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 345.42 Td (26) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.30 345.47 Td (\(44) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 345.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 330.42 Td (Total other income \(expense\), net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.15 330.42 Td (11,679) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 330.42 Td (43,497) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 330.42 Td (16,734) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 315.42 Td (Income \(loss\) before income tax expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.80 315.47 Td (\(30,121) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.65 315.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.15 315.42 Td (1,683) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.80 315.47 Td (\(15,524) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 315.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 300.42 Td (Income tax expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.65 300.42 Td (20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.65 300.42 Td (296) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 300.42 Td (463) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 285.42 Td (Net income \(loss\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.00 285.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.80 285.47 Td (\(30,141) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.65 285.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.00 285.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.15 285.42 Td (1,387) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.00 285.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.80 285.47 Td (\(15,987) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 285.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 270.42 Td (Earnings \(loss\) per common share \(Note 1\):) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 255.42 Td (Basic) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.00 255.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.80 255.47 Td (\(1.37) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.65 255.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.00 255.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.15 255.42 Td (0.06) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.00 255.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.80 255.47 Td (\(0.78) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 255.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 240.42 Td (Diluted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.00 240.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.80 240.47 Td (\(1.37) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.65 240.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.00 240.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.15 240.42 Td (0.06) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.00 240.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.80 240.47 Td (\(0.78) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 240.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 225.42 Td (Weighted-average number of common shares outstanding:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 210.42 Td (Basic) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.15 210.42 Td (21,773) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 210.42 Td (21,554) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 210.42 Td (20,103) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 195.42 Td (Diluted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.15 195.42 Td (21,773) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 195.42 Td (22,079) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 195.42 Td (20,103) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 201.40 170.25 Td (See Notes to the Consolidated Financial Statements.) Tj ET Q endstream endobj 151 0 obj <> endobj 152 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (72) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 193.60 742.25 Td (Advanced Emissions Solutions, Inc. and Subsidiaries) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 176.90 730.25 Td (Consolidated Statements of Changes in Stockholders) Tj ET Q q 0 0 0 rg BT 404.23 730.25 Td ( Deficit) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 187.60 718.25 Td (For) Tj ET Q q 0 0 0 rg BT 202.97 718.25 Td ( the ) Tj ET Q q 0 0 0 rg BT 220.93 718.25 Td (Y) Tj ET Q q 0 0 0 rg BT 227.04 718.25 Td (ears Ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 277.60 718.25 Td (December) Tj ET Q q 0 0 0 rg BT 320.73 718.25 Td (31, 2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 358.23 718.25 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 363.23 718.25 Td (2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 383.23 718.25 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 404.35 718.25 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 424.35 718.25 Td ( ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 660.75 213.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 262.50 660.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 266.50 660.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 660.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 660.75 40.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 660.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 660.75 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 660.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 660.75 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 660.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 660.75 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 630.75 213.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 262.50 630.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 266.50 630.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 630.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 630.75 40.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 630.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 630.75 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 630.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 630.75 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 630.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 630.75 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 600.75 213.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 262.50 600.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 266.50 600.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 600.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 600.75 40.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 600.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 600.75 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 600.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 600.75 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 600.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 600.75 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 570.75 213.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 262.50 570.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 266.50 570.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 570.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 570.75 40.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 570.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 570.75 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 570.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 570.75 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 570.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 570.75 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 540.75 213.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 262.50 540.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 266.50 540.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 540.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 540.75 40.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 540.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 540.75 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 540.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 540.75 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 540.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 540.75 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 510.75 213.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 262.50 510.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 266.50 510.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 510.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 510.75 40.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 510.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 510.75 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 510.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 510.75 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 510.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 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4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 266.50 440.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 440.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 440.75 40.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 440.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 440.75 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 440.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 440.75 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 440.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 440.75 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 410.75 213.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 262.50 410.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 266.50 410.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 410.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 410.75 40.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 410.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 410.75 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 410.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 410.75 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 410.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 410.75 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 380.75 213.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 262.50 380.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 266.50 380.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 380.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 380.75 40.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 380.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 380.75 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 380.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 380.75 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 380.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 380.75 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 340.75 213.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 262.50 340.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 266.50 340.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 340.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 340.75 40.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 340.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 340.75 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 340.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 340.75 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 340.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 340.75 73.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266.5 689.75 m 326.5 689.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 689.75 m 330.5 689.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 689.75 m 370.5 689.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 660.75 m 262.5 660.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266.5 660.75 m 326.5 660.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 660.75 m 370.5 660.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 660.75 m 427.5 660.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 660.75 m 431.5 660.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 660.75 m 484.5 660.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 660.75 m 262.5 660.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266.5 660.75 m 326.5 660.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 660.75 m 370.5 660.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 660.75 m 427.5 660.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 660.75 m 484.5 660.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 660.75 m 561.5 660.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266.5 525.75 m 326.5 525.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 525.75 m 370.5 525.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 525.75 m 427.5 525.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 525.75 m 431.5 525.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 525.75 m 484.5 525.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 525.75 m 370.5 525.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 525.75 m 427.5 525.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 525.75 m 431.5 525.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 525.75 m 484.5 525.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 525.75 m 561.5 525.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266.5 410.75 m 326.5 410.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 410.75 m 370.5 410.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 410.75 m 427.5 410.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 410.75 m 431.5 410.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 410.75 m 484.5 410.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 410.75 m 561.5 410.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 410.75 m 370.5 410.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 410.75 m 427.5 410.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 410.75 m 431.5 410.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 410.75 m 484.5 410.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 410.75 m 561.5 410.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266.5 325.75 m 326.5 325.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 325.75 m 370.5 325.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 325.75 m 427.5 325.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 325.75 m 431.5 325.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 325.75 m 484.5 325.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 325.75 m 561.5 325.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266.5 311.75 m 326.5 311.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266.5 309.75 m 326.5 309.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 325.75 m 370.5 325.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 311.75 m 370.5 311.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 309.75 m 370.5 309.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 325.75 m 427.5 325.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 311.75 m 427.5 311.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 309.75 m 427.5 309.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 325.75 m 431.5 325.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 311.75 m 431.5 311.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 309.75 m 431.5 309.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 325.75 m 484.5 325.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 311.75 m 484.5 311.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 309.75 m 484.5 309.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 325.75 m 561.5 325.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 311.75 m 561.5 311.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 309.75 m 561.5 309.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 291.65 693.98 Td (Common Stock) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 52.00 665.00 Td (\() Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 54.66 665.00 Td (in thousands, except shar) Tj ET Q q 0 0 0 rg BT 135.69 665.00 Td (e data) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 155.46 665.00 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 284.50 664.98 Td (Shares) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 335.95 664.98 Td (Amount) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 382.25 680.98 Td (Additional) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 388.05 672.98 Td (Paid-in) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 387.80 664.98 Td (Capital) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 434.80 672.98 Td (Accumulated) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 446.15 664.98 Td (Deficit) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 491.45 672.98 Td (T) Tj ET Q q 0 0 0 rg BT 496.05 672.98 Td (otalStockholders) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 513.15 664.98 Td (Deficit) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 650.42 Td (Balances, January 1, 2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.60 650.42 Td (20,113,612) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.00 650.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.65 650.42 Td (20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 650.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.15 650.42 Td (74,812) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.00 650.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.80 650.47 Td (\(96,288) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.65 650.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.00 650.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.80 650.47 Td (\(21,456) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 650.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 635.42 Td (Stock-based compensation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.15 635.42 Td (70,420) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.65 635.42 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.15 635.42 Td (2,312) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.65 635.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 635.42 Td (2,313) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 620.42 Td (Issuance of stock to 401\(k\) plan) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.15 620.42 Td (38,296) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.65 620.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.65 620.42 Td (603) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.65 620.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 620.42 Td (603) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 605.42 Td (Issuance of stock upon exercise of options, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.15 605.42 Td (54,376) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.65 605.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.65 605.42 Td (354) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.65 605.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 605.42 Td (354) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 590.42 Td (Reclassification and settlement of equity awards) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.65 590.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.65 590.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.30 590.47 Td (\(991) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.65 590.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.65 590.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.30 590.47 Td (\(991) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 590.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 575.42 Td (Issuance of stock to settle liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.15 575.42 Td (5,204) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.65 575.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.65 575.42 Td (81) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.65 575.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 575.42 Td (81) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 560.42 Td (Issuance of stock for cash) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.60 560.42 Td (1,380,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.65 560.42 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.15 560.42 Td (31,050) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.65 560.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 560.42 Td (31,051) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 545.42 Td (Stock issuance costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.65 545.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.65 545.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.80 545.47 Td (\(2,135) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.65 545.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.65 545.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 545.47 Td (\(2,135) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 545.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 530.42 Td (Net loss) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.65 530.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.65 530.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.65 530.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.80 530.47 Td (\(15,987) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.65 530.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.80 530.47 Td (\(15,987) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 530.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 515.42 Td (Balances, December 31, 2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.60 515.42 Td (21,661,908) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.00 515.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.65 515.42 Td (22) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 515.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.10 515.42 Td (106,086) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.00 515.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.80 515.47 Td (\(112,275) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.65 515.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 515.47 Td (\(6,167) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 515.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 500.42 Td (Stock-based compensation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.15 500.42 Td (40,729) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.65 500.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.15 500.42 Td (4,712) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.65 500.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 500.42 Td (4,712) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 485.42 Td (Issuance of stock to 401\(k\) plan) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.15 485.42 Td (5,250) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.65 485.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.65 485.42 Td (127) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.65 485.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 485.42 Td (127) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 470.42 Td (Issuance of stock upon exercise of options, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.15 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/GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.00 237.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.00 237.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.00 237.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 237.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 237.75 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 719.75 m 425 719.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425 719.75 m 429 719.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 719.75 m 494 719.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494 719.75 m 498 719.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 719.75 m 563 719.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 706.75 m 356 706.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 719.75 m 425 719.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 706.75 m 425 706.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 719.75 m 494 719.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 706.75 m 494 706.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 719.75 m 563 719.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 706.75 m 563 706.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 706.75 m 356 706.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 706.75 m 425 706.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 706.75 m 494 706.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 706.75 m 563 706.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 237.75 m 425 237.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 222.75 m 425 222.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 237.75 m 494 237.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 222.75 m 494 222.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 237.75 m 563 237.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 222.75 m 563 222.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 415.05 723.98 Td (Years Ended December 31,) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 52.50 711.00 Td (\() Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 55.16 711.00 Td (in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 384.00 710.98 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 453.00 710.98 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 522.00 710.98 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 697.48 Td (Cash flows fr) Tj ET Q q 0 0 0 rg BT 108.98 697.48 Td (om operating activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 683.32 Td (Net income \(loss\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.50 682.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.30 682.47 Td (\(30,141) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.15 682.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.50 682.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 682.42 Td (1,387) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.50 682.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.30 682.47 Td (\(15,987) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 682.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 668.32 Td (Adjustments to reconcile net income \(loss\) to net cash used in operating) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 658.32 Td (activities:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 643.32 Td (Depreciation and amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.65 642.42 Td (2,019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 642.42 Td (1,865) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 642.42 Td (1,648) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 628.32 Td (Amortization of debt discount and debt issuance costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.15 627.42 Td (987) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.15 627.42 Td (100) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 627.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 613.32 Td (Non-cash research and development expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.15 612.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.15 612.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 612.42 Td (1,075) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 598.32 Td (Impairment of property, equipment and intangibles) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.65 597.42 Td (2,087) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.15 597.42 Td (355) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.15 597.42 Td (277) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 583.32 Td (Provision for bad debt expense and note receivable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.15 582.42 Td (633) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.15 582.42 Td (500) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 582.42 Td (10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 568.32 Td (Interest costs added to principal balance of notes payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.15 567.42 Td (923) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 567.42 Td (1,124) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 567.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 553.32 Td (Consulting expense financed through note payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.15 552.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 552.42 Td (1,600) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 552.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 538.32 Td (Share-based compensation expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.65 537.42 Td (7,204) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 537.42 Td (4,712) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 537.42 Td (2,312) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 522.42 Td (Clawback of equity awards) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.80 522.47 Td (\(325) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.15 522.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.15 522.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 522.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 507.42 Td (Earnings from equity method investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.30 507.47 Td (\(8,921) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.15 507.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.30 507.47 Td (\(42,712) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.15 507.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.30 507.47 Td (\(15,502) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 507.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 493.32 Td (Other non-cash items, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.15 492.42 Td (285) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.15 492.42 Td (38) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.15 492.42 Td (111) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 478.32 Td (Changes in operating assets and liabilities, net of effects of acquired) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 468.32 Td (businesses:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 453.32 Td (Receivables) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.65 452.42 Td (8,361) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.30 452.47 Td (\(3,651) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.15 452.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.30 452.47 Td (\(6,711) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 452.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 438.32 Td (Related party receivables) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.80 437.47 Td (\(479) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.15 437.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.80 437.47 Td (\(809) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.15 437.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 437.42 Td (1,224) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 423.32 Td (Prepaid expenses and other assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.80 422.47 Td (\(107) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.15 422.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.30 422.47 Td (\(1,877) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.15 422.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.15 422.42 Td (361) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 408.32 Td (Costs incurred on uncompleted contracts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.65 407.42 Td (6,492) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.30 407.47 Td (\(56,606) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.15 407.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.30 407.47 Td (\(19,313) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 407.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 393.32 Td (Restricted cash) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.65 392.42 Td (1,690) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.30 392.47 Td (\(2,387) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.15 392.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 392.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 378.32 Td (Restricted cash, long-term) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.15 377.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.15 377.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.30 377.47 Td (\(4,860) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 377.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 363.32 Td (Other long-term assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.15 362.42 Td (205) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.80 362.47 Td (\(47) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.15 362.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.80 362.47 Td (\(49) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 362.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 348.32 Td (Accounts payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.30 347.47 Td (\(1,340) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.15 347.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 347.42 Td (2,328) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 347.42 Td (2,225) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 333.32 Td (Accrued payroll and related liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.80 332.47 Td (\(102) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.15 332.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.15 332.42 Td (686) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 332.42 Td (1,655) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 318.32 Td (Other current liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.80 317.47 Td (\(812) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.15 317.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.80 317.47 Td (\(672) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.15 317.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 317.42 Td (5,918) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 303.32 Td (Billings on uncompleted contracts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.30 302.47 Td (\(15,186) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.15 302.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 302.42 Td (55,621) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 302.42 Td (33,220) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 288.32 Td (Advance deposit, related party) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.30 287.47 Td (\(3,544) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.15 287.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.30 287.47 Td (\(2,135) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.15 287.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 287.42 Td (7,166) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 273.32 Td (Other long-term liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.15 272.42 Td (595) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.15 272.42 Td (144) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.15 272.42 Td (268) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 258.32 Td (Settlement and royalty indemnification obligation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.30 257.47 Td (\(3,722) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.15 257.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.30 257.47 Td (\(4,622) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.15 257.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.30 257.47 Td (\(5,245) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 257.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 243.32 Td (Distributions from equity method investees, return on investment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.65 242.42 Td (5,019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 242.42 Td (2,509) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.15 242.42 Td (5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 82.50 228.32 Td (Net cash used in operating activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.30 227.47 Td (\(28,179) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.15 227.42 Td 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w 0 i [] 0 d 0 J 0 j 3 M 429 759.5 m 494 759.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 746.5 m 494 746.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 759.5 m 563 759.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 746.5 m 563 746.5 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 415.05 763.73 Td (Years Ended December 31,) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 52.50 750.75 Td (\() Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 55.16 750.75 Td (in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 384.00 750.73 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 453.00 750.73 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 522.00 750.73 Td (2013) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 732.50 306.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.00 732.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.00 732.50 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.00 732.50 4.00 -15.00 re f /GS0 gs 0.8 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0 0 0 rg BT 411.15 707.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.15 707.17 Td (210) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.15 707.17 Td (105) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 693.07 Td (Purchase of investment securities, restricted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.15 692.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.80 692.22 Td (\(3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.15 692.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.30 692.22 Td (\(3,427) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 692.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 678.07 Td (Maturity of investment securities, restricted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.15 677.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.15 677.17 Td (406) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 677.17 Td (5,227) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 663.07 Td (Increase in restricted cash) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.30 662.22 Td (\(2,100) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.15 662.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.30 662.22 Td (\(1,243) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.15 662.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.30 662.22 Td (\(2,807) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 662.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 648.07 Td (Acquisition of property and equipment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.80 647.22 Td (\(507) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.15 647.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.30 647.22 Td (\(1,563) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.15 647.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.30 647.22 Td (\(2,135) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 647.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 633.07 Td (Proceeds from sale of property and equipment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.15 632.17 Td (942) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.15 632.17 Td (26) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.15 632.17 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 618.07 Td (Principal payments received on notes receivable, related party) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.15 617.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.15 617.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.15 617.17 Td (500) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 603.07 Td (Advance on note receivable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.80 602.22 Td (\(500) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.15 602.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.80 602.22 Td (\(500) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.15 602.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 602.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 588.07 Td (Acquisition of business, net of cash acquired of zero) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.30 587.22 Td (\(2,124) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.15 587.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.15 587.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 587.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 573.07 Td (Purchase of cost method investment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.15 572.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.30 572.22 Td (\(2,776) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.15 572.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 572.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 558.07 Td (Purchase of and contributions to equity method investee) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.30 557.22 Td (\(2,128) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.15 557.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.30 557.22 Td (\(6,631) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.15 557.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 557.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 543.07 Td (Distributions from equity method investees in excess of cumulative) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 533.07 Td (earnings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.65 532.17 Td (8,651) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 532.17 Td (43,584) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 532.17 Td (13,813) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 82.50 518.07 Td (Net cash provided by investing activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.65 517.17 Td (2,234) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 517.17 Td (31,405) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 517.17 Td (11,172) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 503.23 Td (Cash flows fr) Tj ET Q q 0 0 0 rg BT 108.98 503.23 Td (om financing activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 489.07 Td (Short term borrowings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.65 488.17 Td (13,539) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.15 488.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 488.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 474.07 Td (Repayments on short-term borrowings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.30 473.22 Td (\(1,750) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.15 473.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.15 473.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 473.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 459.07 Td (Gross proceeds from issuance of common stock) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.15 458.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.15 458.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 458.17 Td (31,050) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 444.07 Td (Stock issuance and registration costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.15 443.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.15 443.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.30 443.22 Td (\(2,135) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 443.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 429.07 Td (Proceeds received upon exercise of stock options) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.15 428.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.15 428.17 Td (243) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.15 428.17 Td (354) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 414.07 Td (Repurchase of shares to satisfy minimum tax withholdings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.80 413.22 Td (\(276) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.15 413.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.30 413.22 Td (\(1,500) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.15 413.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 413.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 399.07 Td (Principal payments on note payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.30 398.22 Td (\(1,484) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.15 398.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.80 398.22 Td (\(238) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.15 398.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 398.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 384.07 Td (Line of credit amendment fees) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.15 383.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.80 383.22 Td (\(70) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.15 383.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.80 383.22 Td (\(100) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 383.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 82.50 369.07 Td (Net cash provided by \(used in\) financing activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.65 368.17 Td (10,029) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.30 368.22 Td (\(1,565) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.15 368.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 368.17 Td (29,169) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 82.50 354.07 Td (Increase \(Decrease\) in Cash and Cash Equivalents) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.30 353.22 Td (\(15,916) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.15 353.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.30 353.22 Td (\(12,709) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.15 353.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 353.17 Td (30,149) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 338.17 Td (Cash and Cash Equivalents, beginning of period) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.65 338.17 Td (25,181) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 338.17 Td (37,890) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 338.17 Td (7,741) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 323.17 Td (Cash and Cash Equivalents, end of period) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.50 323.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.65 323.17 Td (9,265) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.50 323.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 323.17 Td (25,181) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.50 323.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 323.17 Td (37,890) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 308.17 Td (Supplemental disclosures of cash information:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 293.17 Td (Cash paid for interest) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.50 293.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.65 293.17 Td (6,274) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.50 293.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 293.17 Td (5,201) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.50 293.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.15 293.17 Td (973) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 278.17 Td (Cash paid for income taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.15 278.17 Td (29) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.15 278.17 Td (566) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.15 278.17 Td (9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 263.17 Td (Supplemental disclosure of non-cash investing and financing activities:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 248.17 Td (Restricted stock award reclassification \(equity to liability\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.15 248.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.15 248.17 Td (501) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.15 248.17 Td (991) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 233.17 Td (Issuance of common stock to settle liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.15 233.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.15 233.17 Td (127) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.15 233.17 Td (684) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 218.17 Td (Acquisition of equity method investment through note payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.15 218.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 218.17 Td (13,301) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 218.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 203.17 Td (Acquisition of technology license through long-term payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.15 203.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 203.17 Td (1,525) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 203.17 Td () Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 201.40 184.00 Td (See Notes to the Consolidated Financial Statements.) Tj ET Q endstream endobj 157 0 obj <> endobj 158 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (75) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 213.20 742.25 Td (Notes to Consolidated Financial Statements) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 50 714.68505859375 m 77.490234375 714.68505859375 l s q 0 0 0 rg BT 50.00 716.25 Td (Note 1) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 77.490234375 714.68505859375 m 341.943359375 714.68505859375 l s q 0 0 0 rg BT 77.49 716.25 Td ( - Summary of Operations and Significant ) Tj ET Q q 0 0 0 rg BT 258.34 716.25 Td (Accounting Policies) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 697.9169921875 m 135.185546875 697.9169921875 l s q 0 0 0 rg BT 50.00 699.25 Td (Natur) Tj ET Q q 0 0 0 rg BT 72.97 699.25 Td (e of Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.19 699.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 675.25 Td (ADA-ES, Inc. \(ADA\), a Colorado corporation, was incorporated in 1997. Pursuant to an ) Tj ET Q q 0 0 0 rg BT 414.91 675.25 Td (Agreement and Plan of Mer) Tj ET Q q 0 0 0 rg BT 526.36 675.25 Td (ger ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 663.25 Td (\("Reor) Tj ET Q q 0 0 0 rg BT 76.67 663.25 Td (ganization"\), ef) Tj ET Q q 0 0 0 rg BT 138.32 663.25 Td (fective July1, 2013, ) Tj ET Q q 0 0 0 rg BT 221.64 663.25 Td (Advanced Emissions Solutions, Inc. \(ADES\), a Delaware company incorporated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 651.25 Td (in 201) Tj ET Q q 0 0 0 rg BT 74.91 651.25 Td (1, replaced ) Tj ET Q q 0 0 0 rg BT 120.72 651.25 Td (ADA) Tj ET Q q 0 0 0 rg BT 141.83 651.25 Td ( as the publicly-held corporation and ) Tj ET Q q 0 0 0 rg BT 290.68 651.25 Td (ADA) Tj ET Q q 0 0 0 rg BT 311.79 651.25 Td ( became a wholly-owned subsidiary of ) Tj ET Q q 0 0 0 rg BT 468.42 651.25 Td (ADES. Each ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 639.25 Td (outstanding share of ) Tj ET Q q 0 0 0 rg BT 133.04 639.25 Td (ADA) Tj ET Q q 0 0 0 rg BT 153.60 639.25 Td () Tj ET Q q 0 0 0 rg BT 156.38 639.25 Td (s common stock automatically converted into one share of common stock of ) Tj ET Q q 0 0 0 rg BT 463.53 639.25 Td (ADES and the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 627.25 Td (shareholders of ) Tj ET Q q 0 0 0 rg BT 113.32 627.25 Td (ADA) Tj ET Q q 0 0 0 rg BT 134.43 627.25 Td ( became stockholders of ) Tj ET Q q 0 0 0 rg BT 233.29 627.25 Td (ADES on a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.34 627.25 Td (one) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.78 627.25 Td (-for) Tj ET Q q 0 0 0 rg BT 310.57 627.25 Td (-one basis, holding the same number of shares in and the same ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 615.25 Td (ownership percentage of ) Tj ET Q q 0 0 0 rg BT 150.24 615.25 Td (ADES after the Reor) Tj ET Q q 0 0 0 rg BT 233.64 615.25 Td (ganization as they held in and of ) Tj ET Q q 0 0 0 rg BT 365.55 615.25 Td (ADA) Tj ET Q q 0 0 0 rg BT 386.67 615.25 Td ( prior to the Reor) Tj ET Q q 0 0 0 rg BT 455.36 615.25 Td (ganization. ) Tj ET Q q 0 0 0 rg BT 501.46 615.25 Td (ADES) Tj ET Q q 0 0 0 rg BT 530.35 615.25 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 603.25 Td (Second ) Tj ET Q q 0 0 0 rg BT 81.39 603.25 Td (Amended and Restated Certificate of Incorporation authorizes the issuance of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.60 603.25 Td (100,000,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.60 603.25 Td ( shares of common stock, par ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 591.25 Td (value per share of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 123.85 591.25 Td ($0.001) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 151.35 591.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 170.79 591.25 Td (50,000,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 215.79 591.25 Td ( shares of preferred stock, par value per share of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.98 591.25 Td ($0.001) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.48 591.25 Td (. ) Tj ET Q q 0 0 0 rg BT 442.92 591.25 Td (ADES) Tj ET Q q 0 0 0 rg BT 471.82 591.25 Td (s common stock ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 579.25 Td (became listed on the NASDAQ Capital Market under ADES, ) Tj ET Q q 0 0 0 rg BT 306.05 579.25 Td (ADA) Tj ET Q q 0 0 0 rg BT 326.61 579.25 Td () Tj ET Q q 0 0 0 rg BT 329.38 579.25 Td (s previous symbol, and ) Tj ET Q q 0 0 0 rg BT 423.55 579.25 Td (ADA) Tj ET Q q 0 0 0 rg BT 444.11 579.25 Td () Tj ET Q q 0 0 0 rg BT 446.88 579.25 Td (s stock ceased trading on the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 567.25 Td (NASDAQ Capital Market. ) Tj ET Q q 0 0 0 rg BT 158.88 567.25 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 183.32 567.25 Td (March30, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.92 567.25 Td (, ) Tj ET Q q 0 0 0 rg BT 251.37 567.25 Td (ADES's common stock was delisted from the NASDAQ Capital Markets and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 555.25 Td (began trading on the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.42 555.25 Td (OTC Pink Marketplace - Limited Information ) Tj ET Q q 0 0 0 rg BT 327.90 555.25 Td (T) Tj ET Q q 0 0 0 rg BT 333.66 555.25 Td (ier) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.20 555.25 Td ( under the trading symbol "ADES". For further ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 543.25 Td (information on the reor) Tj ET Q q 0 0 0 rg BT 142.85 543.25 Td (ganization, see ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 204.77 543.25 Td (Note 20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.70 543.25 Td ( of the Consolidated Financial Statements. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 519.25 Td (As this filing pertains to the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.96 519.25 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.54 519.25 Td (, the terms the Company, we, us and our means ) Tj ET Q q 0 0 0 rg BT 515.41 519.25 Td (ADA) Tj ET Q q 0 0 0 rg BT 536.52 519.25 Td ( for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 507.25 Td (the periods through and including the period ended June30, 2013 and ) Tj ET Q q 0 0 0 rg BT 331.33 507.25 Td (ADES for the periods beginning after July 1, 2013, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 495.25 Td (including their respective consolidated subsidiaries, unless the context indicates otherwise. ) Tj ET Q q 0 0 0 rg BT 414.91 495.25 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.35 495.25 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.93 495.25 Td ( ) Tj ET Q q 0 0 0 rg BT 519.88 495.25 Td (ADES's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 483.25 Td (wholly-owned subsidiaries included:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 459.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 459.25 Td (ADA) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 447.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 447.25 Td (BCSI, LLC \("BCSI"\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 435.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 435.25 Td (Advanced Clean Ener) Tj ET Q q 0 0 0 rg BT 173.56 435.25 Td (gy Solutions, LLC \("ACES"\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 423.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 423.25 Td (ADEquity) Tj ET Q q 0 0 0 rg BT 126.46 423.25 Td (, LLC \("ADEquity"\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 411.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 411.25 Td (ADA) Tj ET Q q 0 0 0 rg BT 107.11 411.25 Td ( Environmental Solutions, LLC \(ADA) Tj ET Q q 0 0 0 rg BT 264.60 411.25 Td ( LLC\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 399.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 399.25 Td (ADA) Tj ET Q q 0 0 0 rg BT 107.11 399.25 Td ( Intellectual Property) Tj ET Q q 0 0 0 rg BT 190.88 399.25 Td (, LLC \(ADA) Tj ET Q q 0 0 0 rg BT 246.15 399.25 Td ( IP\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 387.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 387.25 Td (ADA-RCM6, LLC \(ADA-RCM6\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 375.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 375.25 Td (ADA) Tj ET Q q 0 0 0 rg BT 107.11 375.25 Td ( ) Tj ET Q q 0 0 0 rg BT 109.06 375.25 Td (Analytics, LLC) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 363.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 363.25 Td (ADA) Tj ET Q q 0 0 0 rg BT 107.11 363.25 Td ( ) Tj ET Q q 0 0 0 rg BT 109.06 363.25 Td (Analytics Israel Ltd. \(collectively with ) Tj ET Q q 0 0 0 rg BT 265.68 363.25 Td (ADA) Tj ET Q q 0 0 0 rg BT 286.80 363.25 Td ( ) Tj ET Q q 0 0 0 rg BT 288.74 363.25 Td (Analytics, LLC, "ADA) Tj ET Q q 0 0 0 rg BT 381.15 363.25 Td ( ) Tj ET Q q 0 0 0 rg BT 383.10 363.25 Td (Analytics"\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 339.25 Td (None of ) Tj ET Q q 0 0 0 rg BT 84.44 339.25 Td (ACES, ) Tj ET Q q 0 0 0 rg BT 114.45 339.25 Td (ADEquity) Tj ET Q q 0 0 0 rg BT 154.91 339.25 Td (, ) Tj ET Q q 0 0 0 rg BT 159.36 339.25 Td (ADA) Tj ET Q q 0 0 0 rg BT 180.47 339.25 Td ( IP) Tj ET Q q 0 0 0 rg BT 190.75 339.25 Td (, ) Tj ET Q q 0 0 0 rg BT 195.20 339.25 Td (ADA-RCM6 or ) Tj ET Q q 0 0 0 rg BT 260.21 339.25 Td (ADA) Tj ET Q q 0 0 0 rg BT 281.32 339.25 Td ( ) Tj ET Q q 0 0 0 rg BT 283.27 339.25 Td (Analytics had operations prior to 2014. ) Tj ET Q q 0 0 0 rg BT 441.85 339.25 Td (ADA) Tj ET Q q 0 0 0 rg BT 462.96 339.25 Td ( LLC ceased operations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 327.25 Td (in 2012 and ) Tj ET Q q 0 0 0 rg BT 99.17 327.25 Td (ADA) Tj ET Q q 0 0 0 rg BT 120.28 327.25 Td ( IP) Tj ET Q q 0 0 0 rg BT 131.30 327.25 Td ( has had no operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 303.25 Td (During 2015, the Company elected to cease the operations of ) Tj ET Q q 0 0 0 rg BT 296.32 303.25 Td (ADA) Tj ET Q q 0 0 0 rg BT 317.43 303.25 Td ( ) Tj ET Q q 0 0 0 rg BT 319.38 303.25 Td (Analytics. ) Tj ET Q q 0 0 0 rg BT 362.52 303.25 Td (The Company anticipates that ) Tj ET Q q 0 0 0 rg BT 484.16 303.25 Td (ADA) Tj ET Q q 0 0 0 rg BT 505.27 303.25 Td ( ) Tj ET Q q 0 0 0 rg BT 507.22 303.25 Td (Analytics ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 291.25 Td (will be legally dissolved during 2016. In addition, the company terminated its manufacturing operations, conducted under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 279.25 Td (BCSI, ef) Tj ET Q q 0 0 0 rg BT 84.82 279.25 Td (fective as of the end of the 2015. ) Tj ET Q q 0 0 0 rg BT 218.20 279.25 Td (The Company anticipates that BCSI will eventually be legally dissolved upon the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 267.25 Td (winding down of its remaining operations, commitments and obligations. However) Tj ET Q q 0 0 0 rg BT 382.05 267.25 Td (, the Company will continue to serve the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 255.25 Td (Dry Sorbent Injection \("DSI"\) market, which BCSI previously served, through ) Tj ET Q q 0 0 0 rg BT 366.45 255.25 Td (ADA. ) Tj ET Q q 0 0 0 rg BT 392.93 255.25 Td (W) Tj ET Q q 0 0 0 rg BT 401.97 255.25 Td (ith the exceptions of ) Tj ET Q q 0 0 0 rg BT 485.28 255.25 Td (ADA) Tj ET Q q 0 0 0 rg BT 506.40 255.25 Td ( ) Tj ET Q q 0 0 0 rg BT 508.34 255.25 Td (Analytics, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 243.25 Td (and BCSI as a manufacturing of DSI systems, ) Tj ET Q q 0 0 0 rg BT 235.81 243.25 Td (ADES and its subsidiaries have continued to conduct the business in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 231.25 Td (substantially the same manner as conducted prior to the Reor) Tj ET Q q 0 0 0 rg BT 293.92 231.25 Td (ganization.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 207.25 Td (In addition, we are an investor in Clean Coal Solutions, LLC \(CCS\), Clean Coal Solutions Services, LLC \("CCSS"\) and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 195.25 Td (RCM6, LLC \("RCM6"\), whose performances significantly impact our financial position and results of operations. ) Tj ET Q q 0 0 0 rg BT 511.23 195.25 Td (W) Tj ET Q q 0 0 0 rg BT 519.87 195.25 Td (e account ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 183.25 Td (for these investments using the equity method of accounting. ) Tj ET Q q 0 0 0 rg BT 295.51 183.25 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.95 183.25 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.54 183.25 Td ( the Company holds equity interests of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 171.25 Td (42.50%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.83 171.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.83 171.25 Td (50.00%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 116.66 171.25 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 138.60 171.25 Td (24.95%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 169.43 171.25 Td ( in CCS, CCSS, and RCM6, respectively) Tj ET Q q 0 0 0 rg BT 332.40 171.25 Td (. During March 2016, the Company sold its entire equity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 159.25 Td (interest in RCM6. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 147.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 135.25 Td (The Company is principally engaged in providing environmental and emissions control equipment, technologies and specialty ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 123.25 Td (chemicals to the coal-burning electric power generation industry) Tj ET Q q 0 0 0 rg BT 307.31 123.25 Td (. ) Tj ET Q q 0 0 0 rg BT 311.76 123.25 Td (Although the Company has historically operated at a net loss, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 111.25 Td (the Company generates substantial earnings and tax credits under Section 45 of the Internal Revenue Code \("IRC"\) \("IRC ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 99.25 Td (Section 45"\) from equity method investments and royalty payment streams related to its technologies utilized by its customers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 87.25 Td (that results in enhanced combustion and reduced emissions of nitrogen oxide \("NO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 382.06 85.82 Td (x) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.31 87.25 Td ("\) and mercury from coal. ) Tj ET Q q 0 0 0 rg BT 491.39 87.25 Td (The Company) Tj ET Q q 0 0 0 rg BT 551.10 87.25 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 75.25 Td (sales occur principally throughout the United States. ) Tj ET Q endstream endobj 159 0 obj <> endobj 160 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (76) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 740.7669921875 m 86.11328125 740.7669921875 l s q 0 0 0 rg BT 50.00 742.10 Td (Liquidity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.11 742.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 725.10 Td (During the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.63 725.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 220.21 725.10 Td ( the Company's working capital and cash balances continued to decline, due ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 713.10 Td (principally to continued losses. Such losses were driven primarily by poor operating performance related to Dry Sorbent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 701.10 Td (Injection \("DSI"\) equipment, which is included within the Emissions Control segment as of December 31, 2015, substantial and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 689.10 Td (continuing expenditures required to fund the restatement of certain prior period financial statements, including related litigation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 677.10 Td (costs \("Restatement"\), and a significant reduction in the receipt of cash distributions from CCS. ) Tj ET Q q 0 0 0 rg BT 434.57 677.10 Td (This deterioration of working ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 665.10 Td (capital directly necessitated the securing of the loan transaction described in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.83 665.10 Td (Note 9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.76 665.10 Td ( \("Credit ) Tj ET Q q 0 0 0 rg BT 420.62 665.10 Td (Agreement"\). ) Tj ET Q q 0 0 0 rg BT 477.28 665.10 Td (The Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 653.10 Td (expects that pressure on working capital will continue until such time as all Restatement activities are completed, including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 641.10 Td (resolution of the SEC inquiry) Tj ET Q q 0 0 0 rg BT 167.12 641.10 Td (, and the conclusion of the private litigation, both of which are described in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.37 641.10 Td (Note 14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.30 641.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 623.10 Td (The Company's ability to generate suf) Tj ET Q q 0 0 0 rg BT 201.86 623.10 Td (ficient cash flow required to meet ongoing operational needs and to meet obligations, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 611.10 Td (including the repayment of the loan under the Credit ) Tj ET Q q 0 0 0 rg BT 261.88 611.10 Td (Agreement, depends upon several factors, including executing on the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 599.10 Td (Company's contracts and initiatives, receiving royalty payments from CCS and distributions from CCS and CCSS, and our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 587.10 Td (ability to maintain a significant share of the market and increase operational ef) Tj ET Q q 0 0 0 rg BT 364.14 587.10 Td (ficiencies for emissions control equipment, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 575.10 Td (chemicals and services. Increased distributions from CCS will likely be dependent upon the securing of additional tax equity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 563.10 Td (investors for those CCS facilities that are currently not operating, or operating as retained Refined Coal \("RC"\) facilities. If we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 551.10 Td (are unable to generate suf) Tj ET Q q 0 0 0 rg BT 152.54 551.10 Td (ficient cash flow) Tj ET Q q 0 0 0 rg BT 218.54 551.10 Td (, we may be unable to meet our operational needs and/or repay our loan when due. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 539.10 Td (Should this be the case, we will seek to refinance the loan or obtain alternative financing. If we are unable to refinance the loan ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 527.10 Td (or obtain alternative financing, our lenders would be entitled to take possession of the collateral securing the indebtedness, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 515.10 Td (which includes substantially all of our assets, to the extent permitted by the Credit ) Tj ET Q q 0 0 0 rg BT 380.21 515.10 Td (Agreement and applicable law) Tj ET Q q 0 0 0 rg BT 501.45 515.10 Td (.) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 496.7669921875 m 160.556640625 496.7669921875 l s q 0 0 0 rg BT 50.00 498.10 Td (Principles of Consolidation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 160.56 498.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 481.10 Td (The Consolidated Financial Statements include accounts of wholly owned subsidiaries. ) Tj ET Q q 0 0 0 rg BT 400.77 481.10 Td (All investments in partially owned ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 469.10 Td (entities for which the Company has greater) Tj ET Q q 0 0 0 rg BT 221.97 469.10 Td (-than-20% ownership are accounted for using the equity method based on the legal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 457.10 Td (form of the Company's ownership percentage and the applicable ownership percentage of the entity and are included in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 445.10 Td (Equity method investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 159.43 445.10 Td ( line item in the accompanying ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 285.51 445.10 Td (Consolidated Balance Sheets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.59 445.10 Td (. In situations where an investment in a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 433.10 Td (partially owned entity has been determined to be a variable interest entity \("VIE"\) and the Company is deemed to be the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 421.10 Td (primary beneficiary in accordance with the variable interest model of consolidation, the Company will consolidate the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 409.10 Td (investment into its financial statements. No ) Tj ET Q q 0 0 0 rg BT 225.62 409.10 Td (VIEs were consolidated by the Company during the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.55 409.10 Td (December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 397.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 397.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.00 397.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 95.00 397.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 114.44 397.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.44 397.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 187.10 397.10 Td (. In addition, during the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.00 397.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.59 397.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.59 397.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.59 397.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.03 397.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.03 397.10 Td (, there were no ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 385.10 Td (greater) Tj ET Q q 0 0 0 rg BT 77.55 385.10 Td (-than-50%-owned af) Tj ET Q q 0 0 0 rg BT 159.84 385.10 Td (filiates whose financial statements were not consolidated. ) Tj ET Q q 0 0 0 rg BT 391.99 385.10 Td (All significant intercompany balances and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 373.10 Td (transactions have been eliminated in consolidation. ) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 350.7669921875 m 160.8349609375 350.7669921875 l s q 0 0 0 rg BT 50.00 352.10 Td (Cash and Cash Equivalents) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 160.83 352.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 331.10 Td (Cash and cash equivalents include bank deposits and other highly liquid investments purchased with an original maturity of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 319.10 Td (three months or less. ) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 296.7669921875 m 113.603515625 296.7669921875 l s q 0 0 0 rg BT 50.00 298.10 Td (Restricted Cash) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 272.10 Td (Restricted cash primarily consists of funds withheld to provide collateral support for certain Letters of Credit that had been ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 260.10 Td (issued to i\) customers related to certain contractual performance and payment guarantees, and ii\) certain settlement parties to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 248.10 Td (provide security for continuing royalty indemnification payments related to the settlement of certain litigation. Upon covenant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 236.10 Td (non-compliance in 2014, the Company was required to secure such letters of credit with 100% cash collateral. ) Tj ET Q endstream endobj 161 0 obj <> endobj 162 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (77) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 740.7669921875 m 177.646484375 740.7669921875 l s q 0 0 0 rg BT 50.00 742.10 Td (Receivables and Cr) Tj ET Q q 0 0 0 rg BT 127.94 742.10 Td (edit Policies) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 177.65 742.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 721.10 Td (Accounts receivable balances are uncollateralized customer obligations due under normal trade terms requiring payment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 709.10 Td (typically within ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.55 709.10 Td (30) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 125.55 709.10 Td (-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.88 709.10 Td (45) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 138.88 709.10 Td ( days from the invoice date and are stated net of allowance for doubtful accounts. ) Tj ET Q q 0 0 0 rg BT 466.35 709.10 Td (The Company records ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 697.10 Td (allowances for doubtful accounts when it is probable that the accounts receivable balances will not be collected. ) Tj ET Q q 0 0 0 rg BT 500.21 697.10 Td (The following ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 685.10 Td (tables show the receivables balances:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 629.60 354.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 629.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 629.60 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 629.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 629.60 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 554.60 354.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 554.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 554.60 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 554.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 554.60 75.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 659.6 m 483.5 659.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 659.6 m 487.5 659.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 659.6 m 562.5 659.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 644.6 m 404.5 644.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 644.6 m 483.5 644.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 644.6 m 562.5 644.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 614.6 m 483.5 614.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 614.6 m 562.5 614.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 614.6 m 483.5 614.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 600.6 m 483.5 600.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 598.6 m 483.5 598.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 614.6 m 562.5 614.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 600.6 m 562.5 600.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 598.6 m 562.5 598.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 569.6 m 483.5 569.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 569.6 m 487.5 569.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 569.6 m 562.5 569.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 554.6 m 404.5 554.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 569.6 m 483.5 569.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 554.6 m 483.5 554.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 554.6 m 562.5 554.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 554.6 m 404.5 554.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 554.6 m 483.5 554.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 554.6 m 562.5 554.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 539.6 m 483.5 539.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 525.6 m 483.5 525.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 523.6 m 483.5 523.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 539.6 m 562.5 539.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 525.6 m 562.5 525.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 523.6 m 562.5 523.6 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 663.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 451.95 663.83 Td (As of December 31,) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 53.00 648.85 Td (\(in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 437.50 648.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 516.50 648.83 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 635.17 Td (Receivables) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.00 634.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 634.27 Td (8,518) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.00 634.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 634.27 Td (16,609) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 620.17 Td (Less allowance for doubtful accounts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.30 619.32 Td (\(157) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 619.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.30 619.32 Td (\(15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 619.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 605.17 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.00 604.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 604.27 Td (8,361) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.00 604.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 604.27 Td (16,594) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 573.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 451.95 573.83 Td (As of December 31,) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 53.00 558.85 Td (\(in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 437.50 558.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 516.50 558.83 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 545.17 Td (Receivables, related parties) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.00 544.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 544.27 Td (1,918) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.00 544.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 544.27 Td (1,439) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 530.17 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.00 529.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 529.27 Td (1,918) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.00 529.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 529.27 Td (1,439) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 504.10 Td (During the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.52 504.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.11 504.10 Td ( the Company recognized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.07 504.10 Td ($0.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.96 504.10 Td ( of bad debt expense related to the write-of) Tj ET Q q 0 0 0 rg BT 549.38 504.10 Td (f ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 492.10 Td (of specific accounts whose ultimate collection was in doubt. ) Tj ET Q q 0 0 0 rg BT 293.09 492.10 Td (The Company did not recognize any bad debt expense for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 480.10 Td (years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.98 480.10 Td (December31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 178.56 480.10 Td ( or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 191.89 480.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 211.89 480.10 Td (. Bad debt expense is included within the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.80 480.10 Td (General and administrative) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.09 480.10 Td ( line item in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 468.10 Td (Consolidated Statements of Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.36 468.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 447.10 Td (Notes receivable are reported at their outstanding principal balances, adjusted for any amounts determined to be uncollectible. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 435.10 Td (During the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.52 435.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.11 435.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.11 435.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.11 435.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.54 435.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.54 435.10 Td (, the Company recorded impairment char) Tj ET Q q 0 0 0 rg BT 452.75 435.10 Td (ges related to a Note ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 423.10 Td (Receivable of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 107.75 423.10 Td ($0.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.64 423.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.64 423.10 Td ($0.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 210.53 423.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.97 423.10 Td (zero) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 247.18 423.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 299.84 423.10 Td (, related to the write-of) Tj ET Q q 0 0 0 rg BT 391.56 423.10 Td (f of a specific account whose ultimate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 411.10 Td (collection was in doubt. Interest income is accrued and credited to income based on the unpaid principal balance outstanding. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 399.10 Td (The accrual of interest is discontinued when substantial doubt exists about the ability to collect principal and interest based ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 387.10 Td (upon the contractual terms. Notes receivable are included within the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.18 387.10 Td (Other assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.77 387.10 Td ( line item in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.04 387.10 Td (Consolidated Balance Sheets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 555.12 387.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 375.10 Td (Additional details regarding Note receivable balances are included in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.05 375.10 Td (Note 1) Tj ET Q q 0 0 0 rg BT 355.62 375.10 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.62 375.10 Td (. ) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 352.7669921875 m 88.3154296875 352.7669921875 l s q 0 0 0 rg BT 50.00 354.10 Td (Inventory) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.32 354.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 333.10 Td (Inventories are stated at the lower of cost or market and consist principally of parts, components and materials for activated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 321.10 Td (carbon injection \("ACI"\) and dry sorbent injection \("DSI"\) projects. ) Tj ET Q q 0 0 0 rg BT 323.85 321.10 Td (The cost of inventory is determined using the first-in-first-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 309.10 Td (out \("FIFO"\) method. Inventories are included within the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.17 309.10 Td (Other assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.77 309.10 Td ( line item in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.03 309.10 Td (Consolidated Balance Sheets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.12 309.10 Td (. For the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 297.10 Td (years ending ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.32 297.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 181.90 297.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 201.34 297.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.34 297.10 Td (, the balance of inventory was comprised of materials and supplies and finished ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 285.10 Td (goods of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.22 285.10 Td ($0.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.11 285.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 155.55 285.10 Td ($0.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 204.44 285.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 257.10 285.10 Td (.) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 262.7669921875 m 144.2529296875 262.7669921875 l s q 0 0 0 rg BT 50.00 264.10 Td (Other Intangible ) Tj ET Q q 0 0 0 rg BT 119.25 264.10 Td (Assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 144.25 264.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 243.10 Td (Other Intangible assets consist of patents and licensed technology and are included in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.78 243.10 Td (Other assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.38 243.10 Td ( line item in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 231.10 Td (Consolidated Balance Sheets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.08 231.10 Td (. During ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 201.91 231.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.91 231.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.91 231.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.91 231.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.35 231.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.35 231.10 Td (, the Company did not recognize any intangible asset impairment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 219.10 Td (char) Tj ET Q q 0 0 0 rg BT 67.03 219.10 Td (ges.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 198.10 Td (The Company has developed technologies resulting in patents being granted by the U.S. Patent and ) Tj ET Q q 0 0 0 rg BT 449.45 198.10 Td (T) Tj ET Q q 0 0 0 rg BT 455.21 198.10 Td (rademark Of) Tj ET Q q 0 0 0 rg BT 505.83 198.10 Td (fice. ) Tj ET Q q 0 0 0 rg BT 525.27 198.10 Td (All ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 186.10 Td (research and development costs associated with the technology development are expensed as incurred. Legal costs associated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 174.10 Td (with securing the patent are capitalized and amortized over the legal or useful life beginning on the patent filing date. ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 100.60 172.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 222.50 100.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 226.50 100.60 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 100.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 294.50 100.60 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 100.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.50 100.60 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 100.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.50 100.60 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 100.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg 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m 494.5 137.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 150.60000000000002 m 498.5 150.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 137.60000000000002 m 498.5 137.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 150.60000000000002 m 562.5 150.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 137.60000000000002 m 562.5 137.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 100.60000000000002 m 222.5 100.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 226.5 100.60000000000002 m 290.5 100.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 294.5 100.60000000000002 m 358.5 100.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 137.60000000000002 m 426.5 137.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 100.60000000000002 m 426.5 100.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430.5 137.60000000000002 m 494.5 137.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430.5 100.60000000000002 m 494.5 100.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 137.60000000000002 m 498.5 137.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 137.60000000000002 m 562.5 137.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 100.60000000000002 m 562.5 100.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 226.5 70.60000000000002 m 290.5 70.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 226.5 70.60000000000002 m 290.5 70.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 294.5 70.60000000000002 m 358.5 70.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 294.5 56.60000000000002 m 358.5 56.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 294.5 54.60000000000002 m 358.5 54.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 70.60000000000002 m 426.5 70.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 56.60000000000002 m 426.5 56.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 54.60000000000002 m 426.5 54.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430.5 70.60000000000002 m 494.5 70.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430.5 56.60000000000002 m 494.5 56.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430.5 54.60000000000002 m 494.5 54.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 70.60000000000002 m 562.5 70.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 56.60000000000002 m 562.5 56.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 54.60000000000002 m 562.5 54.60000000000002 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 348.05 154.83 Td (Years Ended December 31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 141.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 318.00 141.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 488.00 141.83 Td (2014) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 53.00 104.85 Td (\(in thousands, except years\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 240.40 128.83 Td (Weighted-) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 244.05 120.83 Td (Average) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 235.10 112.83 Td (Amortization) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 229.55 104.83 Td (Period \(in years\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 306.75 104.83 Td (Initial Cost) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 383.65 120.83 Td (Net of) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 371.30 112.83 Td (Accumulated) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 371.10 104.83 Td (Amortization) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 442.75 104.83 Td (Initial Cost) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 519.65 120.83 Td (Net of) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 507.30 112.83 Td (Accumulated) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 507.10 104.83 Td (Amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 91.17 Td (Patents) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.00 90.27 Td (20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.00 90.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.65 90.27 Td (742) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.00 90.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.65 90.27 Td (581) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.00 90.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.65 90.27 Td (635) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.00 90.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 90.27 Td (523) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 76.17 Td (Licensed technology) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.00 75.27 Td (10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.15 75.27 Td (1,525) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.15 75.27 Td (1,360) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.15 75.27 Td (1,525) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 75.27 Td (1,512) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 61.17 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.50 60.27 Td (12.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.00 60.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.15 60.27 Td (2,267) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.00 60.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.15 60.27 Td (1,941) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.00 60.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.15 60.27 Td (2,160) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.00 60.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 60.27 Td (2,035) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 163 0 obj <> endobj 164 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (78) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (Included in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.48 742.10 Td (Consolidated Statements of Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.84 742.10 Td ( is amortization expense of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.09 742.10 Td ($0.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.98 742.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.98 742.10 Td (zero) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.19 742.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.62 742.10 Td (zero) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.83 742.10 Td ( for the years ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.38 730.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 154.96 730.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 159.96 730.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 179.96 730.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 199.40 730.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.40 730.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 272.06 730.10 Td (. ) Tj ET Q q 0 0 0 rg BT 276.88 730.10 Td (The estimated future amortization expense for existing intangible ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (assets as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.49 718.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 176.07 718.10 Td ( is expected to be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 247.99 718.10 Td ($0.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.88 718.10 Td ( for each of the five succeeding fiscal years. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 475.13 718.10 Td () Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 695.7669921875 m 135.2490234375 695.7669921875 l s q 0 0 0 rg BT 50.00 697.10 Td (Investment Securities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.25 697.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 676.10 Td (Investment securities represent certificates of deposits with original maturities greater than 90 days. Investment securities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 664.10 Td (pledged as security for letters of credit, in the same amount as the investments, are classified as restricted in the accompanying ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 652.10 Td (Consolidated Balance Sheets and are carried at fair value. Investments in partially-owned subsidiaries for which the Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 640.10 Td (has less-than-20% ownership are accounted for using the cost method. Cost method investments are evaluated for impairment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 628.10 Td (upon an indicator of impairment such as an event or change in circumstances that may have a significant adverse ef) Tj ET Q q 0 0 0 rg BT 511.59 628.10 Td (fect on the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 616.10 Td (fair value of the investment. If no such events or changes in circumstances have occurred, the fair value is estimated only if ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 604.10 Td (practicable to do so.) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 581.7669921875 m 167.2900390625 581.7669921875 l s q 0 0 0 rg BT 50.00 583.10 Td (Equity Method of ) Tj ET Q q 0 0 0 rg BT 121.75 583.10 Td (Accounting) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 167.29 583.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (The investments in entities in which the Company does not have a controlling interest \(financial or operating\), but where it has ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (the ability to exercise significant influence over operating and financial policies, are accounted for using equity-method ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (accounting. ) Tj ET Q q 0 0 0 rg BT 98.69 538.10 Td (Whether or not the Company exercises significant influence with respect to an investee depends on an evaluation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (of several factors including, among others, representation on the investee company) Tj ET Q q 0 0 0 rg BT 384.34 526.10 Td (s board of directors and ownership level. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (Under the equity method of accounting, an investee company) Tj ET Q q 0 0 0 rg BT 298.54 514.10 Td (s accounts are not reflected within the Company) Tj ET Q q 0 0 0 rg BT 494.31 514.10 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.70 514.10 Td (Consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (Balance Sheets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.81 502.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 130.25 502.10 Td (Consolidated Statements of Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.61 502.10 Td (; however) Tj ET Q q 0 0 0 rg BT 325.92 502.10 Td (, the Company) Tj ET Q q 0 0 0 rg BT 387.30 502.10 Td (s share of the earnings or losses of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (investee company is reflected in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 196.05 490.10 Td (Earnings from equity method investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.80 490.10 Td ( line item in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.07 490.10 Td (Consolidated Statements of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.88 478.10 Td (. ) Tj ET Q q 0 0 0 rg BT 98.70 478.10 Td (The Company) Tj ET Q q 0 0 0 rg BT 158.41 478.10 Td (s carrying value in an equity method investee company is reflected in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.03 478.10 Td (Equity method ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.77 466.10 Td ( line in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.76 466.10 Td (Consolidated Balance Sheets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.85 466.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 445.10 Td (When the Company receives distributions in excess of the carrying value of the investment and the Company has not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 433.10 Td (guaranteed any obligations of the investee, nor is it required to provide additional funding to the investee, the Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 421.10 Td (recognizes such excess distributions as equity method earnings in the period the distributions occur) Tj ET Q q 0 0 0 rg BT 446.30 421.10 Td (. ) Tj ET Q q 0 0 0 rg BT 451.12 421.10 Td (When the investee ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 409.10 Td (subsequently reports income, the Company does not record its share of such income until it equals the amount of distributions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 397.10 Td (in excess of carrying value that were previously recognized in income. During the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.42 397.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.00 397.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.00 397.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.00 397.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 385.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 385.10 Td (, the Company had no such guarantees or requirements to provide additional funding.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 364.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 99.90 364.10 Td (, when the Company's carrying value in an equity method investment is zero and the Company has not guaranteed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 352.10 Td (any obligations of the investee, nor is it required to provide additional funding to the investee, the Company will not recognize ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 340.10 Td (its share of any reported losses by the investee until future earnings are generated to of) Tj ET Q q 0 0 0 rg BT 396.09 340.10 Td (fset previously unrecognized losses. ) Tj ET Q q 0 0 0 rg BT 542.45 340.10 Td (As a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 328.10 Td (result, equity income or loss reported on the Company's income statement for certain equity method investment entities may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 316.10 Td (dif) Tj ET Q q 0 0 0 rg BT 60.93 316.10 Td (fer from a mathematical calculation of net income or loss attributable to our equity interest based upon the factor of our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 304.10 Td (equity interest and the net income or loss attributable to equity owners as shown on investee companies' income statements. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 292.10 Td (Likewise, distributions from equity method investees are reported on the Company's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.06 292.10 Td (Consolidated Statements of Cash Flows) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.50 292.10 Td ( as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 280.10 Td (return on investment within Operating cash flows until such time as the carrying value in an equity method investee company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 268.10 Td (is reduced to zero; thereafter) Tj ET Q q 0 0 0 rg BT 163.98 268.10 Td (, such distributions are reported as distributions in excess of cumulative earnings within ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 256.10 Td (Investing cash flows. See ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.65 256.10 Td (Note 7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 183.58 256.10 Td ( for additional information regarding the Company's equity method investments. ) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 233.76699218750002 m 147.470703125 233.76699218750002 l s q 0 0 0 rg BT 50.00 235.10 Td (Royalties, Related Party) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 211.10 Td (The Company realizes royalties from licensing its M-45) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 274.11 214.73 Td (TM) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.91 211.10 Td ( and M-45-PC) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 339.13 214.73 Td (TM) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.93 211.10 Td ( emission control technologies to CCS. Royalties are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 199.10 Td (earned based upon \(i\) a percentage of the per) Tj ET Q q 0 0 0 rg BT 229.71 199.10 Td (-ton, pre-tax mar) Tj ET Q q 0 0 0 rg BT 297.00 199.10 Td (gin of Refined Coal \("RC"\) produced with the M-45 License that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 187.10 Td (produces a valid and verifiable Section 45 ) Tj ET Q q 0 0 0 rg BT 220.60 187.10 Td (T) Tj ET Q q 0 0 0 rg BT 226.01 187.10 Td (ax Credit, net of certain allocable operating expenses, \(ii\) a percentage of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 175.10 Td (Section 45 tax credits claimed, and not invested by a licensee, sublicensee, or licensee af) Tj ET Q q 0 0 0 rg BT 404.41 175.10 Td (filiate using the M-45 License, net of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 163.10 Td (certain allocable operating expenses and \(iii\) a percentage of the revenue, net of all direct expenses, received by CCS as a direct ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 151.10 Td (result of CCS's exercise of the M-45 License. ) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 128.76699218750002 m 148.5009765625 128.76699218750002 l s q 0 0 0 rg BT 50.00 130.10 Td (Pr) Tj ET Q q 0 0 0 rg BT 59.63 130.10 Td (operty and Equipment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 148.50 130.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 109.10 Td (Property and equipment is stated at cost less accumulated depreciation and includes leasehold improvements. Depreciation on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 97.10 Td (assets is computed using the straight-line method over the lesser of the estimated useful lives of the related assets or the lease ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 85.10 Td (term \(ranging from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 129.14 85.10 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.14 85.10 Td ( to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 146.92 85.10 Td (10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.92 85.10 Td ( years\). Maintenance and repairs which do not extend the useful life of the respective asset are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 73.10 Td (char) Tj ET Q q 0 0 0 rg BT 67.03 73.10 Td (ged to Operating expenses as incurred. ) Tj ET Q q 0 0 0 rg BT 224.29 73.10 Td (When assets are retired, or otherwise disposed of, the property accounts are relieved ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 61.10 Td (of costs and accumulated depreciation and any resulting gain or loss is credited or char) Tj ET Q q 0 0 0 rg BT 396.92 61.10 Td (ged to income. ) Tj ET Q q 0 0 0 rg BT 458.39 61.10 Td (The Company performs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 49.10 Td (an evaluation of the recoverability of the carrying value of its long-lived assets to determine if facts and circumstances indicate ) Tj ET Q endstream endobj 165 0 obj <> endobj 166 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (79) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (that the carrying value of assets may be impaired and if any adjustment is warranted. ) Tj ET Q q 0 0 0 rg BT 391.37 742.10 Td (There were no indicators of impairment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (during the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.41 730.10 Td (December31, 2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.99 730.10 Td (. ) Tj ET Q q 0 0 0 rg BT 222.81 730.10 Td (The Company recognized impairment char) Tj ET Q q 0 0 0 rg BT 394.23 730.10 Td (ges on property and equipment related to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (the Company's BCSI subsidiary as projected future cash flows from operations related to the property and equipment did not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (support the carrying value recorded by the Company during the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.57 706.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.15 706.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.15 706.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.15 706.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.59 706.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.59 706.10 Td ( of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.92 706.10 Td ($0.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 561.81 706.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td ($0.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.89 694.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.33 694.10 Td ($0.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 167.22 694.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 219.88 694.10 Td (. ) Tj ET Q q 0 0 0 rg BT 224.70 694.10 Td (These impairment char) Tj ET Q q 0 0 0 rg BT 316.70 694.10 Td (ge are included within the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.06 694.10 Td (General and administrative) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.35 694.10 Td ( line ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (item in the accompanying ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.08 682.10 Td (Consolidated Statements of Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.44 682.10 Td (.) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 659.7669921875 m 134.6826171875 659.7669921875 l s q 0 0 0 rg BT 50.00 661.10 Td (Revenue Recognition) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 640.10 Td (The Company recognizes revenue when: \(i\) persuasive evidence of a customer arrangement exists; \(ii\) the price is fixed or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 628.10 Td (determinable; \(iii\) collectability is reasonable assured; and \(iv\) product delivery has occurred or services have been rendered ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 616.10 Td (and it is probable that performance guarantees, if any) Tj ET Q q 0 0 0 rg BT 262.32 616.10 Td (, will be met. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 595.10 Td (Equipment sales) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (The Company enters into contracts that require, over a period of months, the design and construction of emissions control ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (systems \("extended equipment contracts"\). Revenue from such extended equipment contracts is recorded using the percentage ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (of completion cost to cost method based on costs incurred to date compared with total estimated contract costs. However) Tj ET Q q 0 0 0 rg BT 533.08 550.10 Td (, if the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (Company does not have suf) Tj ET Q q 0 0 0 rg BT 160.91 538.10 Td (ficient information to estimate either costs incurred or total estimated costs for extended equipment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (contracts, the completed contract method is used. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 505.10 Td (Under the completed contract method, revenues and costs from extended equipment contracts are deferred and recognized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 493.10 Td (when contract obligations are substantially complete. ) Tj ET Q q 0 0 0 rg BT 265.03 493.10 Td (The Company defines substantially complete as delivery of equipment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 481.10 Td (and start-up at the customer site or) Tj ET Q q 0 0 0 rg BT 187.89 481.10 Td (, as applicable to DSI systems, the completion of any major warranty service period. Such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 469.10 Td (costs are accumulated in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 165.23 469.10 Td (Costs in excess of billings on uncompleted contracts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.92 469.10 Td ( or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.25 469.10 Td (Billings in excess of costs on uncompleted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 457.10 Td (contracts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.09 457.10 Td ( line items in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 155.25 457.10 Td (Consolidated Balance Sheets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.33 457.10 Td (, and typically include direct materials, direct labor and subcontractor ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 445.10 Td (costs, and indirect costs related to contract performance, such as indirect labor) Tj ET Q q 0 0 0 rg BT 362.53 445.10 Td (, supplies, tools and repairs. For each of the years ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 433.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.38 433.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 96.38 433.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.38 433.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.38 433.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 140.82 433.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 160.82 433.10 Td (, the Company did not have suf) Tj ET Q q 0 0 0 rg BT 285.89 433.10 Td (ficient information to measure ongoing performance for its extended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 421.10 Td (equipment contracts. ) Tj ET Q q 0 0 0 rg BT 135.25 421.10 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 184.59 421.10 Td (, the completed contract method of revenue recognition has been used for each of these years ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 409.10 Td (and revenues and costs are deferred until the equipment is placed into service and contract obligations are substantially ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 397.10 Td (complete. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 376.10 Td (When multiple contracts exist with a single counterparty) Tj ET Q q 0 0 0 rg BT 275.67 376.10 Td (, the Company evaluates revenue recognition on a contract-by-contract ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 364.10 Td (basis. Provisions for estimated losses on uncompleted contracts are recognized when it has been determined that a loss is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 352.10 Td (probable. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 331.10 Td (The Company also enters into other non-extended equipment contracts for which the Company recognizes revenues on time ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 319.10 Td (and material contracts as services to build equipment systems are performed or as equipment is delivered. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (Consulting services) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 277.10 Td (The Company recognizes revenue on time and material contracts as services are performed.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 256.10 Td (Chemicals and other sales) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 235.10 Td (Revenues for direct sales of chemicals and other ancillary products not provided in the performance of construction of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 223.10 Td (emissions control systems \(extended equipment sales\) are recognized at the date of delivery to, and acceptance by the customer) Tj ET Q q 0 0 0 rg BT 558.98 223.10 Td (.) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 200.76699218750002 m 118.8720703125 200.76699218750002 l s q 0 0 0 rg BT 50.00 202.10 Td (Cost of Revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.87 202.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 181.10 Td (Costs of revenues include all labor) Tj ET Q q 0 0 0 rg BT 188.17 181.10 Td (, fringe benefits, subcontract labor) Tj ET Q q 0 0 0 rg BT 324.95 181.10 Td (, chemical and coal costs, materials, equipment, supplies, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 169.10 Td (travel costs and any other costs and expenses directly related to the Company) Tj ET Q q 0 0 0 rg BT 362.13 169.10 Td (s production of revenue. ) Tj ET Q q 0 0 0 rg BT 461.64 169.10 Td (The Company records ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 157.10 Td (estimated contract losses, if any) Tj ET Q q 0 0 0 rg BT 176.81 157.10 Td (, in the period they are determined.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 136.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 99.90 136.10 Td (, warranty costs for ) Tj ET Q q 0 0 0 rg BT 179.05 136.10 Td (ACI equipment systems are estimated based on historical experience and are recorded as a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 124.10 Td (percentage of revenue when the equipment is substantially complete. ) Tj ET Q q 0 0 0 rg BT 328.06 124.10 Td (W) Tj ET Q q 0 0 0 rg BT 336.69 124.10 Td (arranty costs, comprised of the cost of replacement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 112.10 Td (materials and direct labor) Tj ET Q q 0 0 0 rg BT 151.50 112.10 Td (, are included within the Equipment sales cost of revenue line of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.86 112.10 Td (Consolidated Statements of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 100.10 Td (Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.88 100.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 79.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 79.10 Td (arranty costs for DSI equipment systems cannot be estimated due to a lack of historical experience manufacturing DSI ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 67.10 Td (systems and the resulting claims history) Tj ET Q q 0 0 0 rg BT 209.05 67.10 Td (, if any) Tj ET Q q 0 0 0 rg BT 236.45 67.10 Td (, needed to determine an appropriate warranty amount. ) Tj ET Q q 0 0 0 rg BT 457.85 67.10 Td (Therefore, revenue ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 55.10 Td (recognition has been deferred until the end of the warranty period, generally ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.38 55.10 Td (12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.38 55.10 Td ( to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.16 55.10 Td (24) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.16 55.10 Td ( months following substantial completion. ) Tj ET Q endstream endobj 167 0 obj <> endobj 168 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (80) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (As warranty claims are incurred, such costs are deferred within the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.89 742.10 Td (Costs in excess of billings on uncompleted contracts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.58 742.10 Td ( line ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (item in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 95.27 730.10 Td (Consolidated Balance Sheets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 211.35 730.10 Td (, until such time that revenue and cost of revenues are recognized. Subsequent to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (revenue having been recognized, warranty claims are included within the Other long-term liabilities line item in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (Consolidated Balance Sheets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.08 706.10 Td ( and within Cost of revenues line of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.33 706.10 Td (Consolidated Statements of Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.69 706.10 Td (. ) Tj ET Q q 0 0 0 rg BT 487.14 706.10 Td (Additional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (information related to warranty obligations is included in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.05 694.10 Td (Note 1) Tj ET Q q 0 0 0 rg BT 307.62 694.10 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.62 694.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 673.10 Td (The changes in the carrying amount of the Company) Tj ET Q q 0 0 0 rg BT 263.27 673.10 Td (s warranty obligations, which do not include amounts for DSI systems as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 661.10 Td (revenues are deferred until the end of the warranty period, are as follows:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 343.49 661.10 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 624.60 341.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 624.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.50 624.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.50 624.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.50 624.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 594.60 341.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 594.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.50 594.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.50 594.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.50 594.60 70.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 637.6 m 465.5 637.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 637.6 m 469.5 637.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 469.5 637.6 m 539.5 637.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 624.6 m 391.5 624.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 624.6 m 465.5 624.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 469.5 624.6 m 539.5 624.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 579.6 m 465.5 579.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 469.5 579.6 m 539.5 579.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 565.6 m 465.5 565.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 563.6 m 465.5 563.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 469.5 565.6 m 539.5 565.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 469.5 563.6 m 539.5 563.6 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 641.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 433.95 641.83 Td (As of December 31,) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 53.00 628.85 Td (\(in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 422.00 628.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 496.00 628.83 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 615.17 Td (Beginning balance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.00 614.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.65 614.27 Td (152) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.00 614.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 614.27 Td (62) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 600.17 Td (Warranties accrued, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.15 599.27 Td (1,337) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 599.27 Td (90) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 585.17 Td (Warranty claims) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.30 584.32 Td (\(292) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 584.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 584.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 570.17 Td (Ending balance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.00 569.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.15 569.27 Td (1,197) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.00 569.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.65 569.27 Td (152) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 544.10 Td (In some cases, a letter of credit is obtained and held to cover the period of the warranty that could be used to satisfy the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 532.10 Td (obligation.) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 509.7669921875 m 131.8359375 509.7669921875 l s q 0 0 0 rg BT 50.00 511.10 Td (Payr) Tj ET Q q 0 0 0 rg BT 69.07 511.10 Td (oll and Benefits) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (Payroll and benefits costs include direct payroll, personnel related fringe benefits, sales and administrative staf) Tj ET Q q 0 0 0 rg BT 492.46 490.10 Td (f labor costs and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (stock compensation expense. Payroll and benefits costs exclude direct labor included in Costs of revenues. ) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 455.7669921875 m 133.30078125 455.7669921875 l s q 0 0 0 rg BT 50.00 457.10 Td (Rent and Occupancy) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 436.10 Td (Rent and occupancy costs include rent, insurance, and other occupancy-related expenses.) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 413.7669921875 m 142.9638671875 413.7669921875 l s q 0 0 0 rg BT 50.00 415.10 Td (Legal and Pr) Tj ET Q q 0 0 0 rg BT 102.41 415.10 Td (ofessional) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (Legal and professional costs include external legal, audit and consulting expenses.) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 371.7669921875 m 161.4697265625 371.7669921875 l s q 0 0 0 rg BT 50.00 373.10 Td (General and ) Tj ET Q q 0 0 0 rg BT 102.59 373.10 Td (Administrative) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 352.10 Td (General and administrative costs include director fees and expenses, bad debt expense, impairments and other general costs of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 340.10 Td (conducting business.) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 317.7669921875 m 184.3212890625 317.7669921875 l s q 0 0 0 rg BT 50.00 319.10 Td (Resear) Tj ET Q q 0 0 0 rg BT 77.40 319.10 Td (ch and Development Costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (Research and development costs are char) Tj ET Q q 0 0 0 rg BT 214.47 298.10 Td (ged to operations in the period incurred. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 277.10 Td (The Company has entered into development and cost-sharing contracts with the Department of Ener) Tj ET Q q 0 0 0 rg BT 450.53 277.10 Td (gy \(the "DOE"\). ) Tj ET Q q 0 0 0 rg BT 517.94 277.10 Td (These ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 265.10 Td (contracts are best-ef) Tj ET Q q 0 0 0 rg BT 130.33 265.10 Td (fort-basis contracts and the Company generally includes industry cost-share partners to of) Tj ET Q q 0 0 0 rg BT 489.21 265.10 Td (fset the costs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 253.10 Td (incurred that are anticipated to be in excess of funded amounts from the DOE. ) Tj ET Q q 0 0 0 rg BT 364.99 253.10 Td (The Company accounts for these contracts with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 241.10 Td (the DOE and industry cost-share partners in accordance with accounting guidance whereby the Company recognizes amounts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 229.10 Td (funded by the DOE under research-and-development-cost-sharing arrangements as an of) Tj ET Q q 0 0 0 rg BT 403.85 229.10 Td (fset to the Company's aggregate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 217.10 Td (research and development expense with the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.60 217.10 Td (Research and development, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.55 217.10 Td ( line in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.54 217.10 Td (Consolidated Statements of Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.90 217.10 Td (.) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 194.76699218750002 m 166.8359375 194.76699218750002 l s q 0 0 0 rg BT 50.00 196.10 Td (Asset Retir) Tj ET Q q 0 0 0 rg BT 93.23 196.10 Td (ement Obligations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 175.10 Td (The Company's asset retirement obligation, or ) Tj ET Q q 0 0 0 rg BT 236.48 175.10 Td (ARO liability consists of estimated costs to remove equipment and reclaim the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 163.10 Td (land associated with one research and development project. ) Tj ET Q q 0 0 0 rg BT 290.00 163.10 Td (The Company estimates its ) Tj ET Q q 0 0 0 rg BT 400.55 163.10 Td (ARO liability for final reclamation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 151.10 Td (based upon bids obtained from independent third parties and other exit alternatives, escalation for inflation, and then discounted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 139.10 Td (at a credit-adjusted risk-free rate. Changes in estimates could occur due to revisions of estimated costs and changes in timing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 127.10 Td (and performance of the reclamation activities. ) Tj ET Q q 0 0 0 rg BT 236.12 127.10 Td (The ) Tj ET Q q 0 0 0 rg BT 253.62 127.10 Td (ARO liability is included within the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.72 127.10 Td (Other long-term liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.14 127.10 Td ( line item in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 115.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.72 115.10 Td (Consolidated Balance Sheets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 180.80 115.10 Td ( and discussed further in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.05 115.10 Td (Note 1) Tj ET Q q 0 0 0 rg BT 307.62 115.10 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.62 115.10 Td (. ) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 92.76699218750002 m 104.3408203125 92.76699218750002 l s q 0 0 0 rg BT 50.00 94.10 Td (Income T) Tj ET Q q 0 0 0 rg BT 86.57 94.10 Td (axes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 73.10 Td (The Company accounts for income taxes under the asset and liability method which requires the recognition of deferred tax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 61.10 Td (assets and liabilities for the expected future tax consequences of events that have been included in the financial statements. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 49.10 Td (Under this method, deferred tax assets and liabilities are determined on the basis of the dif) Tj ET Q q 0 0 0 rg BT 410.82 49.10 Td (ferences between the financial ) Tj ET Q endstream endobj 169 0 obj <> endobj 170 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (81) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (statements and tax basis of assets and liabilities using enacted tax rates in ef) Tj ET Q q 0 0 0 rg BT 353.34 742.10 Td (fect for the year in which the dif) Tj ET Q q 0 0 0 rg BT 482.28 742.10 Td (ferences are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (expected to reverse. ) Tj ET Q q 0 0 0 rg BT 132.00 730.10 Td (The ef) Tj ET Q q 0 0 0 rg BT 157.63 730.10 Td (fect of a change in tax rates on deferred tax assets and liabilities is recognized in income in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (period that includes the enactment date. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 697.10 Td (The Company recognizes deferred tax assets to the extent that it believes these assets are more likely than not to be realized. In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 685.10 Td (making such a determination, the Company considers all available positive and negative evidence, including future reversals of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 673.10 Td (existing taxable temporary dif) Tj ET Q q 0 0 0 rg BT 170.06 673.10 Td (ferences, projected future taxable income, tax-planning strategies, and results of recent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 661.10 Td (operations. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 640.10 Td (The Company records uncertain tax positions on the basis of a two-step process whereby \(1\) the Company determines whether ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 628.10 Td (it is more-likely-than-not that the tax positions will be sustained on the basis of the technical merits of the position and \(2\) for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 616.10 Td (those tax positions that meet the more-likely-than-not recognition threshold, the Company recognizes the amount of tax benefit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 604.10 Td (that is more than 50 percent likely to be realized upon ultimate settlement with the related tax authority) Tj ET Q q 0 0 0 rg BT 461.72 604.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 580.10 Td (The Company records interest expense due to the Company's share of CCS equity method earnings for RC facility leases which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 568.10 Td (are treated as installment sales for tax purposes. IRS section 453A) Tj ET Q q 0 0 0 rg BT 314.10 568.10 Td ( requires taxpayers using the installment method to pay an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 556.10 Td (interest char) Tj ET Q q 0 0 0 rg BT 98.96 556.10 Td (ge on the portion of the tax liability that was deferred under the installment method. ) Tj ET Q q 0 0 0 rg BT 436.46 556.10 Td (The Company recognizes IRS ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 544.10 Td (section 453A) Tj ET Q q 0 0 0 rg BT 102.50 544.10 Td ( interest \("453A) Tj ET Q q 0 0 0 rg BT 166.01 544.10 Td ( interest"\) and other interest and penalties related to unrecognized tax benefits in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.97 544.10 Td (Interest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 532.10 Td (expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 82.21 532.10 Td ( line item in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 147.47 532.10 Td (Consolidated Statements of Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.83 532.10 Td (. ) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 509.7669921875 m 159.7021484375 509.7669921875 l s q 0 0 0 rg BT 50.00 511.10 Td (Stock-Based Compensation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (Stock-based compensation expense is measured at the grant date and expensed on a straight-line basis over the requisite service ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (period for the entire award. ) Tj ET Q q 0 0 0 rg BT 161.06 478.10 Td (An estimate of forfeitures is applied when calculating compensation expense. ) Tj ET Q q 0 0 0 rg BT 473.28 478.10 Td (These costs are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (recorded in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.47 466.10 Td (Payroll and benefits) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 192.45 466.10 Td ( line item in the accompanying ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.53 466.10 Td (Consolidated Statements of Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.89 466.10 Td (. ) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 443.7669921875 m 156.572265625 443.7669921875 l s q 0 0 0 rg BT 50.00 445.10 Td (Earnings \(Loss\) Per Shar) Tj ET Q q 0 0 0 rg BT 152.13 445.10 Td (e) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 424.10 Td (The Company computes earnings \(loss\) per share in accordance with F) Tj ET Q q 0 0 0 rg BT 333.06 424.10 Td (ASB ) Tj ET Q q 0 0 0 rg BT 354.46 424.10 Td (ASC 260-10. Under this guidance, unvested ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 412.10 Td (restricted stock awards \("RSA's"\) that contain non-forfeitable rights to dividends or dividend equivalents are deemed to be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 400.10 Td (participating securities and, therefore, are included in computing basic earnings per share pursuant to the two-class method. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 388.10 Td (The two-class method determines earnings per share for each class of common stock and participating securities according to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 376.10 Td (dividends or dividend equivalents and their respective participation rights in undistributed earnings \(losses\). ) Tj ET Q q 0 0 0 rg BT 486.67 376.10 Td (The Company did ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 364.10 Td (not declare any cash dividends during the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.54 364.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.12 364.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.12 364.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.12 364.10 Td ( or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.45 364.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.45 364.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 343.10 Td (Under the two-class method, net income \(loss\) for the period is allocated between common stockholders and the holders of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 331.10 Td (participating securities, in this case, the weighted-average number of unvested restricted stock awards outstanding during the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 319.10 Td (period. ) Tj ET Q q 0 0 0 rg BT 80.37 319.10 Td (The allocated, undistributed income \(loss\) for the period is then divided by the weighted-average number of common ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 307.10 Td (shares and participating securities outstanding during the period to arrive at basic earnings \(loss\) per common share or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 295.10 Td (participating security for the period, respectively) Tj ET Q q 0 0 0 rg BT 244.28 295.10 Td (. Because the Company did not declare any dividends during the periods ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 283.10 Td (presented, and because the unvested RSA's possess substantially the same rights to undistributed earnings as common shares ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 271.10 Td (outstanding, there is no dif) Tj ET Q q 0 0 0 rg BT 156.75 271.10 Td (ference between the calculated basic earnings \(loss\) per share for common shares and participating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 259.10 Td (securities. ) Tj ET Q q 0 0 0 rg BT 94.71 259.10 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 144.05 259.10 Td (, and pursuant to generally accepted accounting standards, the Company has elected not to separately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 247.10 Td (present basic or diluted earnings \(loss\) per share attributable to participating securities on its Consolidated Statements of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 235.10 Td (Operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td (Diluted earnings \(loss\) per share takes into consideration shares of common stock and unvested RSA's outstanding \(computed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (under basic earnings \(loss\) per share\) and potentially dilutive shares of common stock. Potentially dilutive shares consist of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.10 Td (vested, in-the-money outstanding options and contingent PSU's \("Potential dilutive shares"\). ) Tj ET Q q 0 0 0 rg BT 421.96 190.10 Td (When there is a loss from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td (continuing operations, all potentially dilutive shares become anti-dilutive and are thus excluded from the calculation of diluted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.10 Td (loss per share.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 145.10 Td (Each PSU represents a contingent right to receive shares of the Company) Tj ET Q q 0 0 0 rg BT 345.75 145.10 Td (s common stock, that may range from zero to two ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 133.10 Td (times the number of PSU's granted on the award date, depending upon the price performance of the Company's common stock ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 121.10 Td (as measured against a general index and a specific peer group index over requisite performance periods. ) Tj ET Q q 0 0 0 rg BT 468.26 121.10 Td (The number of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 109.10 Td (potentially dilutive shares related to PSU's is based on the number of shares, if any) Tj ET Q q 0 0 0 rg BT 380.25 109.10 Td (, that would be issuable at the end of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 97.10 Td (respective reporting period, assuming that the end of the reporting period was the end of the contingency period applicable to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 85.10 Td (such PSU's. See ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 116.81 85.10 Td (Note 13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 148.75 85.10 Td ( for additional information related to PSU's.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 64.10 Td (No Potential Dilutive Shares were included in the calculations for the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.18 64.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.76 64.10 Td ( or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.09 64.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.09 64.10 Td (, as their ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 52.10 Td (inclusion would be anti-dilutive due to the Company) Tj ET Q q 0 0 0 rg BT 263.58 52.10 Td (s net loss per share for those periods. On March 14, 2014, the Company ) Tj ET Q endstream endobj 171 0 obj <> endobj 172 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (82) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (completed a two-for) Tj ET Q q 0 0 0 rg BT 130.88 742.10 Td (-one stock split of the Company) Tj ET Q q 0 0 0 rg BT 261.69 742.10 Td (s common stock, which was ef) Tj ET Q q 0 0 0 rg BT 384.27 742.10 Td (fected in the form of a common stock ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (dividend. ) Tj ET Q q 0 0 0 rg BT 89.44 730.10 Td (All periods reflect the per) Tj ET Q q 0 0 0 rg BT 191.98 730.10 Td (-share impact of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.17 730.10 Td (two) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.17 730.10 Td (-for) Tj ET Q q 0 0 0 rg BT 303.96 730.10 Td (-one stock split. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 709.10 Td (The following table sets forth the calculations of basic and diluted earnings \(losses\) per common share:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 672.60 275.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 672.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 672.60 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 672.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 672.60 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 672.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 672.60 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 632.60 275.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 632.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 632.60 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 632.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 632.60 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 632.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 632.60 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 602.60 275.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 602.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 602.60 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 602.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 602.60 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 602.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 602.60 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 572.60 275.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 572.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 572.60 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 572.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 572.60 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 572.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 572.60 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 542.60 275.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 542.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 542.60 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 542.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 542.60 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 542.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 542.60 75.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 685.6 m 404.5 685.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 685.6 m 408.5 685.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 685.6 m 483.5 685.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 685.6 m 487.5 685.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 685.6 m 562.5 685.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 672.6 m 325.5 672.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 685.6 m 404.5 685.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 685.6 m 483.5 685.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 685.6 m 562.5 685.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 672.6 m 325.5 672.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 672.6 m 404.5 672.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 672.6 m 483.5 672.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 672.6 m 562.5 672.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 632.6 m 404.5 632.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 618.6 m 404.5 618.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 616.6 m 404.5 616.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 632.6 m 483.5 632.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 618.6 m 483.5 618.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 616.6 m 483.5 616.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 632.6 m 562.5 632.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 618.6 m 562.5 618.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 616.6 m 562.5 616.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 572.6 m 404.5 572.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 572.6 m 483.5 572.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 572.6 m 562.5 572.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 557.6 m 404.5 557.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 543.6 m 404.5 543.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 541.6 m 404.5 541.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 557.6 m 483.5 557.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 543.6 m 483.5 543.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 541.6 m 483.5 541.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 557.6 m 562.5 557.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 543.6 m 562.5 543.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 541.6 m 562.5 541.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 528.6 m 404.5 528.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 526.6 m 404.5 526.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 528.6 m 483.5 528.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 526.6 m 483.5 526.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 528.6 m 562.5 528.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 526.6 m 562.5 526.6 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 689.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 399.55 689.83 Td (Years Ended December 31,) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 53.00 676.85 Td (\(in thousands, except per share amounts\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 358.50 676.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 437.50 676.83 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 516.50 676.83 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 663.17 Td (Net income \(loss\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.00 662.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.80 662.32 Td (\(30,141) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.65 662.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.00 662.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 662.27 Td (1,387) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.00 662.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.80 662.32 Td (\(15,987) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 662.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 648.17 Td (Less: Undistributed income \(loss\) allocated to participating) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 638.17 Td (securities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.30 637.32 Td (\(275) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.65 637.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.65 637.27 Td (18) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.30 637.32 Td (\(220) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 637.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 623.17 Td (Income \(loss\) attributable to common stockholders) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.00 622.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.80 622.32 Td (\(29,866) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.65 622.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.00 622.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 622.27 Td (1,369) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.00 622.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.80 622.32 Td (\(15,767) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 622.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 608.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 593.17 Td (Basic weighted-average number of common shares outstanding) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.15 592.27 Td (21,773) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.15 592.27 Td (21,554) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 592.27 Td (20,103) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 578.17 Td (Add: dilutive effect of equity instruments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.65 577.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.65 577.27 Td (525) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 577.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 563.17 Td (Diluted weighted-average number of common shares outstanding) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.15 562.27 Td (21,773) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.15 562.27 Td (22,079) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 562.27 Td (20,103) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 548.17 Td (Earnings \(loss\) per share - basic) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.00 547.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.80 547.32 Td (\(1.37) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.65 547.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.00 547.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 547.27 Td (0.06) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.00 547.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.80 547.32 Td (\(0.78) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 547.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 533.17 Td (Earnings \(loss\) per share - diluted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.00 532.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.80 532.32 Td (\(1.37) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.65 532.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.00 532.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 532.27 Td (0.06) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.00 532.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.80 532.32 Td (\(0.78) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 532.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 504.10 Td (The table below presents the number of shares that were excluded from the calculation of diluted loss per share because their ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 492.10 Td (inclusion would have been anti-dilutive to the calculation:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 453.60 275.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 453.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 453.60 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 453.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 453.60 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 453.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 453.60 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 423.60 275.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 423.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 423.60 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 423.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 423.60 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 423.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 423.60 75.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 468.6 m 404.5 468.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 468.6 m 408.5 468.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 468.6 m 483.5 468.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 468.6 m 487.5 468.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 468.6 m 562.5 468.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 453.6 m 325.5 453.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 468.6 m 404.5 468.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 453.6 m 404.5 453.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 468.6 m 483.5 468.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 453.6 m 483.5 453.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 468.6 m 562.5 468.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 453.6 m 562.5 453.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 453.6 m 325.5 453.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 453.6 m 404.5 453.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 453.6 m 483.5 453.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 453.6 m 562.5 453.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 408.6 m 404.5 408.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 394.6 m 404.5 394.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 392.6 m 404.5 392.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 408.6 m 483.5 408.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 394.6 m 483.5 394.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 392.6 m 483.5 392.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 408.6 m 562.5 408.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 394.6 m 562.5 394.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 392.6 m 562.5 392.6 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 472.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 399.55 472.83 Td (Years Ended December 31,) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 53.00 457.85 Td (\(shar) Tj ET Q q 0 0 0 rg BT 69.59 457.85 Td (e data in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 358.50 457.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 437.50 457.83 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 516.50 457.83 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 444.17 Td (Stock options) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.65 443.27 Td (10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.65 443.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 443.27 Td (249) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 429.17 Td (Restricted stock awards) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.65 428.27 Td (163) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.65 428.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 428.27 Td (250) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 414.17 Td (Performance share units) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.65 413.27 Td (182) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.65 413.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 413.27 Td (33) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 399.17 Td (Total shares excluded from diluted shares outstanding) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.65 398.27 Td (355) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.65 398.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 398.27 Td (532) Tj ET Q BT /F1 10.00 Tf ET BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 371.7669921875 m 117.216796875 371.7669921875 l s q 0 0 0 rg BT 50.00 373.10 Td (Use of Estimates) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 352.10 Td (The preparation of the Company) Tj ET Q q 0 0 0 rg BT 183.29 352.10 Td (s consolidated financial statements in conformity with generally accepted accounting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 340.10 Td (principles requires the Company) Tj ET Q q 0 0 0 rg BT 183.02 340.10 Td (s management to make estimates and assumptions that af) Tj ET Q q 0 0 0 rg BT 411.12 340.10 Td (fect the amounts reported in these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 328.10 Td (financial statements and accompanying notes. ) Tj ET Q q 0 0 0 rg BT 235.50 328.10 Td (Actual results could dif) Tj ET Q q 0 0 0 rg BT 328.91 328.10 Td (fer from those estimates. ) Tj ET Q q 0 0 0 rg BT 430.08 328.10 Td (The Company makes significant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 316.10 Td (assumptions concerning:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 299.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 299.10 Td (Revenue recognition, warranty estimates and performance guarantee accruals related to the Company's extended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 287.10 Td (equipment contracts;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 270.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 270.10 Td (the impairment, or lack thereof, of the remaining realizability of, its long-lived assets including equity method ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 258.10 Td (investments;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 241.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 241.10 Td (stock compensation costs related to performance share unit awards;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 224.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 224.10 Td (estimated future royalty obligations associated with our settlement and royalty indemnification accrual and other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 212.10 Td (legal accruals; and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 195.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 195.10 Td (the deferred tax assets expected to be realized in future periods and uncertain tax positions.) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 172.76699218750002 m 117.7685546875 172.76699218750002 l s q 0 0 0 rg BT 50.00 174.10 Td (Reclassifications) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.77 174.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 153.10 Td (Certain balances have been reclassified from prior years to conform to current year presentation.) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 130.76699218750002 m 157.0166015625 130.76699218750002 l s q 0 0 0 rg BT 50.00 132.10 Td (New ) Tj ET Q q 0 0 0 rg BT 70.10 132.10 Td (Accounting Guidance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 157.02 132.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 111.10 Td (In May 2014, the F) Tj ET Q q 0 0 0 rg BT 126.20 111.10 Td (ASB issued ) Tj ET Q q 0 0 0 rg BT 175.10 111.10 Td (ASU No. 2014-09, Revenue Recognition \(T) Tj ET Q q 0 0 0 rg BT 350.76 111.10 Td (opic 606\): ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 394.09 111.10 Td (Revenue fr) Tj ET Q q 0 0 0 rg BT 436.75 111.10 Td (om Contracts with Customers) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 555.93 111.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 99.10 Td (\("ASU 2014-09"\). ) Tj ET Q q 0 0 0 rg BT 125.48 99.10 Td (This new standard provides accounting guidance for all revenue arising from contracts with customers and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 87.10 Td (af) Tj ET Q q 0 0 0 rg BT 57.59 87.10 Td (fects all entities that enter into contracts to provide goods or services to their customers \(unless the contracts are in the scope ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 75.10 Td (of other USGAAP) Tj ET Q q 0 0 0 rg BT 126.02 75.10 Td ( requirements\). ) Tj ET Q q 0 0 0 rg BT 188.87 75.10 Td (The guidance also provides a model for the measurement and recognition of gains and losses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 63.10 Td (on the sale of certain nonfinancial assets, such as property and equipment, including real estate. In) Tj ET Q q 0 0 0 rg BT 444.59 63.10 Td (August2015, the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 51.10 Td (F) Tj ET Q q 0 0 0 rg BT 54.82 51.10 Td (ASBissued ) Tj ET Q q 0 0 0 rg BT 103.72 51.10 Td (ASU 2015-14,Revenue from Contracts with Customers \(T) Tj ET Q q 0 0 0 rg BT 339.10 51.10 Td (opic 606\): ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 382.43 51.10 Td (Deferral of the Effective Date) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.27 51.10 Td (, ) Tj ET Q endstream endobj 173 0 obj <> endobj 174 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (83) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (whichdefersthe ef) Tj ET Q q 0 0 0 rg BT 126.17 742.10 Td (fective date of theguidance in ) Tj ET Q q 0 0 0 rg BT 248.90 742.10 Td (ASU 2014-09by one year) Tj ET Q q 0 0 0 rg BT 353.33 742.10 Td (.) Tj ET Q q 0 0 0 rg BT 357.77 742.10 Td (ASU 2014-09 is now ef) Tj ET Q q 0 0 0 rg BT 452.59 742.10 Td (fective for fiscal years, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (interim reporting periods within those years, beginning after December 15, 2017. Early application is permittedforannual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (reporting periods beginning after December 15, 2016, including interim reporting periods within that reporting period.) Tj ET Q q 0 0 0 rg BT 525.81 718.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (standardpermits the use of either the retrospective or cumulative ef) Tj ET Q q 0 0 0 rg BT 319.72 706.10 Td (fect transition method. ) Tj ET Q q 0 0 0 rg BT 412.29 706.10 Td (The Company has not yet selected a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (transition method nor has it determined the ef) Tj ET Q q 0 0 0 rg BT 232.27 694.10 Td (fect of the standard on its consolidated financial statements and related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (disclosures.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 661.10 Td (In ) Tj ET Q q 0 0 0 rg BT 60.28 661.10 Td (August 2014, the F) Tj ET Q q 0 0 0 rg BT 136.21 661.10 Td (ASB issued ) Tj ET Q q 0 0 0 rg BT 185.11 661.10 Td (ASU No. 2014-15, Presentation of Financial Statements - Going Concern \(T) Tj ET Q q 0 0 0 rg BT 490.47 661.10 Td (opic 205-40\), ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 649.10 Td (Disclosur) Tj ET Q q 0 0 0 rg BT 88.52 649.10 Td (e of Uncertainties about an Entities ) Tj ET Q q 0 0 0 rg BT 233.32 649.10 Td (Ability to Continue as a Going Concern) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.75 649.10 Td ( that requires management to evaluate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 637.10 Td (whether there are conditions or events that raise substantial doubt about an entity) Tj ET Q q 0 0 0 rg BT 376.57 637.10 Td (s ability to continue as a going concern within ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 625.10 Td (one year after the date that the entity) Tj ET Q q 0 0 0 rg BT 199.10 625.10 Td (s financial statements are issued, or within one year after the date the entity) Tj ET Q q 0 0 0 rg BT 502.88 625.10 Td (s financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 613.10 Td (statements are available to be issued, and to provide disclosures when certain criteria are met.) Tj ET Q q 0 0 0 rg BT 426.62 613.10 Td (This guidance is ef) Tj ET Q q 0 0 0 rg BT 502.25 613.10 Td (fective for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 601.10 Td (annual period ending after December 15, 2016, and for annual periods and interim periods thereafter) Tj ET Q q 0 0 0 rg BT 451.52 601.10 Td (. Early application is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 589.10 Td (permitted.) Tj ET Q q 0 0 0 rg BT 93.14 589.10 Td (The Company is currently evaluating the provisions of this guidance and assessing its impact on the Company) Tj ET Q q 0 0 0 rg BT 536.95 589.10 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 577.10 Td (financial statements and disclosures.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 556.10 Td (In February 2015, the F) Tj ET Q q 0 0 0 rg BT 143.96 556.10 Td (ASB issued ) Tj ET Q q 0 0 0 rg BT 192.87 556.10 Td (ASU No. 2015-02, Consolidation \(T) Tj ET Q q 0 0 0 rg BT 338.28 556.10 Td (opic 810\), ) Tj ET Q q 0 0 0 rg BT 380.77 556.10 Td (Amendments to the Consolidation ) Tj ET Q q 0 0 0 rg BT 519.65 556.10 Td (Analysis ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 544.10 Td (that meant to clarify the consolidation reporting guidance in GAAP) Tj ET Q q 0 0 0 rg BT 318.54 544.10 Td (. ) Tj ET Q q 0 0 0 rg BT 323.36 544.10 Td (This guidance is to be applied using a retrospective method ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 532.10 Td (or a modified retrospective method, as outlined in the guidance, and is ef) Tj ET Q q 0 0 0 rg BT 341.40 532.10 Td (fective for annual periods, and interim periods within ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 520.10 Td (those annual periods, beginning after December 15, 2015. Early application is permitted. ) Tj ET Q q 0 0 0 rg BT 407.49 520.10 Td (The Company is currently evaluating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 508.10 Td (this guidance but does not believe the adoption of this standard will impact the Company's financial statements and disclosures.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 487.10 Td (In ) Tj ET Q q 0 0 0 rg BT 60.28 487.10 Td (April 2015, theF) Tj ET Q q 0 0 0 rg BT 128.42 487.10 Td (ASBissued ) Tj ET Q q 0 0 0 rg BT 177.32 487.10 Td (ASU 2015-03,Interest Imputation of Interest\(Subtopic 835-30\): ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 446.17 487.10 Td (Simplifying the Pr) Tj ET Q q 0 0 0 rg BT 518.56 487.10 Td (esentation ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 475.10 Td (of Debt Issuance Costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.94 475.10 Td (, which requires an entity to present debt issuance costs related to a debt liability as a direct deduction ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 463.10 Td (from the debt liability rather than as an asset. ) Tj ET Q q 0 0 0 rg BT 232.17 463.10 Td (ASU 2015-03 is ef) Tj ET Q q 0 0 0 rg BT 307.26 463.10 Td (fective retrospectively for fiscal years, and interim reporting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 451.10 Td (periods within those years, beginning after December 15, 2015. Early adoption is permitted for financial statements that have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 439.10 Td (not been previously issued. ) Tj ET Q q 0 0 0 rg BT 161.19 439.10 Td (The adoption of this standard impacted the presentation of certain financial statement line items ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 427.10 Td (within the Company) Tj ET Q q 0 0 0 rg BT 134.44 427.10 Td (s consolidated balance sheets and related disclosures, but did not af) Tj ET Q q 0 0 0 rg BT 403.34 427.10 Td (fect the Company) Tj ET Q q 0 0 0 rg BT 477.21 427.10 Td (s consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 415.10 Td (results of operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (In September 2015, the F) Tj ET Q q 0 0 0 rg BT 150.63 394.10 Td (ASB issued ) Tj ET Q q 0 0 0 rg BT 199.53 394.10 Td (ASU 2015-16,Business Combinations \(T) Tj ET Q q 0 0 0 rg BT 365.78 394.10 Td (opic 805\): ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 409.11 394.10 Td (Simplifying the ) Tj ET Q q 0 0 0 rg BT 471.69 394.10 Td (Accounting ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (Measur) Tj ET Q q 0 0 0 rg BT 80.18 382.10 Td (ement-Period ) Tj ET Q q 0 0 0 rg BT 136.92 382.10 Td (Adjustments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 185.81 382.10 Td (, whicheliminates the requirement for an entity to retrospectively adjust the financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (statements for measurement-period adjustments that occur in periods after a business combination is completed.) Tj ET Q q 0 0 0 rg BT 500.16 370.10 Td (ASU 2015-16 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (is ef) Tj ET Q q 0 0 0 rg BT 66.76 358.10 Td (fective prospectively for fiscal years, and interim reporting periods within those years, beginning after December 15, 2015. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td (The adoption of this standard will not have an impact on the Company's financial position and results of operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 325.10 Td (In November 2015, the F) Tj ET Q q 0 0 0 rg BT 150.07 325.10 Td (ASB issued ) Tj ET Q q 0 0 0 rg BT 198.97 325.10 Td (ASU 2015-17, Income ) Tj ET Q q 0 0 0 rg BT 292.11 325.10 Td (T) Tj ET Q q 0 0 0 rg BT 297.52 325.10 Td (axes \(T) Tj ET Q q 0 0 0 rg BT 326.53 325.10 Td (opic 740\): ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 369.86 325.10 Td (Balance Sheet Classification of Deferr) Tj ET Q q 0 0 0 rg BT 523.91 325.10 Td (ed T) Tj ET Q q 0 0 0 rg BT 540.49 325.10 Td (axes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.26 325.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 313.10 Td (to simplify the presentation of deferred income taxes. ) Tj ET Q q 0 0 0 rg BT 266.14 313.10 Td (The amendments in ) Tj ET Q q 0 0 0 rg BT 346.95 313.10 Td (ASU 2015-17 require that deferred tax liabilities and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 301.10 Td (assets be classified as non-current in a classified statement of financial position. ) Tj ET Q q 0 0 0 rg BT 371.67 301.10 Td (The current requirement that deferred tax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 289.10 Td (liabilities and assets of a tax-paying component of an entity be of) Tj ET Q q 0 0 0 rg BT 310.58 289.10 Td (fset and presented as a single amount is not af) Tj ET Q q 0 0 0 rg BT 493.96 289.10 Td (fected by the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 277.10 Td (amendments in the update. ) Tj ET Q q 0 0 0 rg BT 159.14 277.10 Td (ASU 2015-17 is ef) Tj ET Q q 0 0 0 rg BT 234.23 277.10 Td (fective for fiscal years beginning after December 15, 2016, and interim periods ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 265.10 Td (within those years, and may be applied either prospectively to all deferred tax liabilities and assets or retrospectively to all ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 253.10 Td (periods presented. ) Tj ET Q q 0 0 0 rg BT 125.07 253.10 Td (The adoption of this standard will not have an impact on the Company's financial position.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 229.10 Td (In January 2016, the F) Tj ET Q q 0 0 0 rg BT 138.96 229.10 Td (ASB issued ) Tj ET Q q 0 0 0 rg BT 187.87 229.10 Td (ASU 2016-01, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 248.70 229.10 Td (Financial Instruments - Overall: Recognition and Measur) Tj ET Q q 0 0 0 rg BT 480.51 229.10 Td (ement of Financial ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 217.10 Td (Assets and Financial Liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 176.94 217.10 Td (. ) Tj ET Q q 0 0 0 rg BT 181.76 217.10 Td (This new standard provides guidance on how entities measure certain equity investments and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 205.10 Td (present changes in the fair value. ) Tj ET Q q 0 0 0 rg BT 183.93 205.10 Td (This standard requires that entities measure certain equity investments that do not result in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 193.10 Td (consolidation and are not accounted for under the equity method at fair value and recognize any changes in fair value in net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 181.10 Td (income. ) Tj ET Q q 0 0 0 rg BT 83.88 181.10 Td (ASU 2016-01 is ef) Tj ET Q q 0 0 0 rg BT 158.97 181.10 Td (fective for fiscal years beginning after December 31, 2017. ) Tj ET Q q 0 0 0 rg BT 397.30 181.10 Td (The Company is currently evaluating the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 169.10 Td (provisions of this guidance and assessing its impact on the Company's financial statements and disclosures.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 148.10 Td (In February 2016, the F) Tj ET Q q 0 0 0 rg BT 143.96 148.10 Td (ASB issued ) Tj ET Q q 0 0 0 rg BT 192.87 148.10 Td (ASU 2016-02, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 253.70 148.10 Td (Leases) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.92 148.10 Td ( \(T) Tj ET Q q 0 0 0 rg BT 292.16 148.10 Td (opic 842\), which requires lessees to recognize a right of use asset ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 136.10 Td (and related lease liability for those leases classified as operating leases at the commencement date and have lease terms of more ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 124.10 Td (than 12 months. ) Tj ET Q q 0 0 0 rg BT 116.48 124.10 Td (This topic retains the distinction between finance leases and operating leases. ) Tj ET Q q 0 0 0 rg BT 427.50 124.10 Td (ASU 2016-02 is ef) Tj ET Q q 0 0 0 rg BT 502.59 124.10 Td (fective for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 112.10 Td (fiscal years beginning after December 15, 2018, and interim periods within those years, and must apply a modified ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 100.10 Td (retrospective transition approach for leases existing at, or entered into after) Tj ET Q q 0 0 0 rg BT 349.20 100.10 Td (, the beginning of the earliest comparative period ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 88.10 Td (presented in the financial statements. ) Tj ET Q q 0 0 0 rg BT 200.32 88.10 Td (The Company is currently evaluating the provisions of this guidance and assessing its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 76.10 Td (impact on the Company's financial statements and disclosures.) Tj ET Q endstream endobj 175 0 obj <> endobj 176 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (84) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (In March 2016, the F) Tj ET Q q 0 0 0 rg BT 133.96 742.10 Td (ASB issued ) Tj ET Q q 0 0 0 rg BT 182.87 742.10 Td (ASU 2016-06, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 243.70 742.10 Td (Derivatives and Hedging) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.23 742.10 Td ( \(T) Tj ET Q q 0 0 0 rg BT 355.47 742.10 Td (opic 815\), which requires that embedded ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (derivatives be separated from the host contract and accounted for separately as derivatives if certain criteria are met, including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (the clearly and closely related criterion. ) Tj ET Q q 0 0 0 rg BT 219.45 718.10 Td (The amendments in this Update clarify the requirements for assessing whether ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (contingent call \(put\) options that can accelerate the payment of principal on debt instruments are clearly and closely related to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (their debt hosts. ) Tj ET Q q 0 0 0 rg BT 115.55 694.10 Td (An entity performing the assessment under the amendments is required to assess the embedded call \(put\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (options solely in accordance with the four) Tj ET Q q 0 0 0 rg BT 217.53 682.10 Td (-step decision sequence. ) Tj ET Q q 0 0 0 rg BT 316.76 682.10 Td (The amendments apply to all entities that are issuers of or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (investors in debt instruments \(or hybrid financial instruments that are determined to have a debt host\) with embedded call \(put\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (options. ) Tj ET Q q 0 0 0 rg BT 83.90 658.10 Td (ASU 2016-06 is ef) Tj ET Q q 0 0 0 rg BT 158.99 658.10 Td (fective for fiscal years beginning after December 15, 2016, and interim periods within those years, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (and must apply a modified retrospective transition approach. Early adoption is permitted. ) Tj ET Q q 0 0 0 rg BT 409.17 646.10 Td (The Company is currently evaluating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (the provisions of this guidance and assessing its impact on the Company's financial statements and disclosures.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 613.10 Td (In March 2016, the F) Tj ET Q q 0 0 0 rg BT 133.96 613.10 Td (ASB issued ) Tj ET Q q 0 0 0 rg BT 182.87 613.10 Td (ASU 2016-07, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 243.70 613.10 Td (Investments - Equity Method and Joint V) Tj ET Q q 0 0 0 rg BT 405.88 613.10 Td (entur) Tj ET Q q 0 0 0 rg BT 426.62 613.10 Td (es) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.95 613.10 Td ( \(T) Tj ET Q q 0 0 0 rg BT 446.19 613.10 Td (opic 323\), which simplifies ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 601.10 Td (the accounting for equity method investments by removing the requirement that an entity retroactively adopt the equity method ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 589.10 Td (of accounting if an investment qualifies for use of the equity method as a result of an increase in the level of ownership or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 577.10 Td (degree of influence. ) Tj ET Q q 0 0 0 rg BT 132.00 577.10 Td (The amendments require that the equity method investor add the cost of acquiring the additional interest in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 565.10 Td (the investee to the current basis of the investor) Tj ET Q q 0 0 0 rg BT 236.43 565.10 Td () Tj ET Q q 0 0 0 rg BT 239.20 565.10 Td (s previously held interest and adopt the equity method of accounting as of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 553.10 Td (date the investment becomes qualified for equity method accounting. ) Tj ET Q q 0 0 0 rg BT 328.25 553.10 Td (ASU 2016-07 is ef) Tj ET Q q 0 0 0 rg BT 403.34 553.10 Td (fective for fiscal years beginning after ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 541.10 Td (December 15, 2016, and interim periods within those years, and must apply a prospective adoption approach. Early adoption is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 529.10 Td (permitted. ) Tj ET Q q 0 0 0 rg BT 93.14 529.10 Td (The Company is currently evaluating the provisions of this guidance and assessing its impact on the Company's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 517.10 Td (financial statements and disclosures.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 496.10 Td (In March 2016, the F) Tj ET Q q 0 0 0 rg BT 133.96 496.10 Td (ASB issued ) Tj ET Q q 0 0 0 rg BT 182.87 496.10 Td (ASU 2016-08, Revenue from Contracts with Customers \(T) Tj ET Q q 0 0 0 rg BT 418.25 496.10 Td (opic 606\): Principal versus ) Tj ET Q q 0 0 0 rg BT 527.68 496.10 Td (Agent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 484.10 Td (Considerations \(Reporting Revenue Gross versus Net\), which clarify the implementation guidance on principal versus agent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 472.10 Td (considerations. ) Tj ET Q q 0 0 0 rg BT 112.21 472.10 Td (ASU 2016-08 is ef) Tj ET Q q 0 0 0 rg BT 187.30 472.10 Td (fective for ef) Tj ET Q q 0 0 0 rg BT 238.75 472.10 Td (fective for fiscal years, and interim reporting periods within those years, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 460.10 Td (beginning after December 15, 2017. Early application is permittedforannual reporting periods beginning after December 15, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 448.10 Td (2016, including interim reporting periods within that reporting period.) Tj ET Q q 0 0 0 rg BT 332.82 448.10 Td (The Company is currently evaluating the provisions of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 436.10 Td (this guidance and assessing its impact on the Company's financial statements and disclosures.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 415.10 Td (In March 2016, the F) Tj ET Q q 0 0 0 rg BT 133.96 415.10 Td (ASB issued ) Tj ET Q q 0 0 0 rg BT 182.87 415.10 Td (ASU No. 2016-09, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 260.92 415.10 Td (Compensation-Stock Compensation- Impr) Tj ET Q q 0 0 0 rg BT 428.87 415.10 Td (ovements to Employee Shar) Tj ET Q q 0 0 0 rg BT 539.30 415.10 Td (e-) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 403.10 Td (Based Payment ) Tj ET Q q 0 0 0 rg BT 114.24 403.10 Td (Accounting) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 159.79 403.10 Td ( \(T) Tj ET Q q 0 0 0 rg BT 171.03 403.10 Td (opic 718\), which involves several aspects of the accounting for share-based payment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 391.10 Td (transactions, including the income tax consequences, classification of awards as either equity or liabilities, and classification on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 379.10 Td (the statement of cash flows. Under the new standard, income tax benefits and deficiencies are to be recognized as income tax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 367.10 Td (expense or benefit in the income statement and the tax ef) Tj ET Q q 0 0 0 rg BT 277.51 367.10 Td (fects of exercised or vested awards should be treated as discrete items ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 355.10 Td (in the reporting period in which they occur) Tj ET Q q 0 0 0 rg BT 220.79 355.10 Td (. ) Tj ET Q q 0 0 0 rg BT 225.23 355.10 Td (An entity should also recognize excess tax benefits regardless of whether the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 343.10 Td (benefit reduces taxes payable in the current period. Excess tax benefits should be classified along with other income tax cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 331.10 Td (flows as an operating activity) Tj ET Q q 0 0 0 rg BT 167.09 331.10 Td (. In regards to forfeitures, the entity may make an entity-wide accounting policy election to either ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 319.10 Td (estimate the number of awards that are expected to vest or account for forfeitures when they occur) Tj ET Q q 0 0 0 rg BT 442.62 319.10 Td (. ) Tj ET Q q 0 0 0 rg BT 447.44 319.10 Td (This ) Tj ET Q q 0 0 0 rg BT 467.16 319.10 Td (ASU is ef) Tj ET Q q 0 0 0 rg BT 506.43 319.10 Td (fective for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 307.10 Td (fiscal years beginning after December 15, 2016 including interim periods within that reporting period, however early adoption ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 295.10 Td (is permitted. ) Tj ET Q q 0 0 0 rg BT 102.31 295.10 Td (The Company is currently evaluating the guidance to determine the Company's adoption method and the ef) Tj ET Q q 0 0 0 rg BT 530.76 295.10 Td (fect it ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 283.10 Td (will have on the Company's Consolidated Financial Statements. ) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 50 255.53505859375002 m 77.490234375 255.53505859375002 l s q 0 0 0 rg BT 50.00 257.10 Td (Note 2) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 77.490234375 255.53505859375002 m 145.810546875 255.53505859375002 l s q 0 0 0 rg BT 77.49 257.10 Td ( - Restructuring) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 240.10 Td (During the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.63 240.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 220.21 240.10 Td (, the Company recorded restructuring char) Tj ET Q q 0 0 0 rg BT 389.41 240.10 Td (ges in connection with a reduction in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 228.10 Td (force, the departure of executive of) Tj ET Q q 0 0 0 rg BT 190.30 228.10 Td (ficers and management's further alignment of the business with strategic objectives which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 216.10 Td (will impact all segments of the Company's business. ) Tj ET Q q 0 0 0 rg BT 261.32 216.10 Td (These char) Tj ET Q q 0 0 0 rg BT 304.72 216.10 Td (ges related to severance arrangements with departing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 204.10 Td (employees and executives, including non-cash char) Tj ET Q q 0 0 0 rg BT 255.30 204.10 Td (ges related to the acceleration of vesting of certain stock awards, as well as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 192.10 Td (to the closing of the BCSI facilities and the termination of the operations of a foreign subsidiary that was involved in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 180.10 Td (development of certain data analytics and monitoring products. Furthermore, during the fourth quarter of 2015, the Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 168.10 Td (closed its fabrication facility in McKeesport, Pennsylvania and recorded restructuring char) Tj ET Q q 0 0 0 rg BT 412.19 168.10 Td (ges related thereto.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 144.10 Td (The Company recorded restructuring char) Tj ET Q q 0 0 0 rg BT 217.53 144.10 Td (ges during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.97 144.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.97 144.10 Td ( primarily related to a reduction in force, the departure of executive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 132.10 Td (of) Tj ET Q q 0 0 0 rg BT 58.15 132.10 Td (ficers and management's alignment of the business with strategic objectives. ) Tj ET Q q 0 0 0 rg BT 365.52 132.10 Td (These char) Tj ET Q q 0 0 0 rg BT 408.92 132.10 Td (ges were related to severance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 120.10 Td (agreements with departing employees and executives, including non-cash char) Tj ET Q q 0 0 0 rg BT 363.88 120.10 Td (ges related to the acceleration of vesting of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 108.10 Td (certain stock awards.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 84.10 Td (Restructuring activity during 2013 related to one employee within the ) Tj ET Q q 0 0 0 rg BT 331.04 84.10 Td (All Other and Corporate category) Tj ET Q q 0 0 0 rg BT 464.79 84.10 Td (. ) Tj ET Q endstream endobj 177 0 obj <> endobj 178 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (85) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (A) Tj ET Q q 0 0 0 rg BT 56.67 742.10 Td ( summary of the net pretax char) Tj ET Q q 0 0 0 rg BT 183.66 742.10 Td (ges, incurred by segment is as follows: ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 681.60 187.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 236.50 681.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 240.50 681.60 85.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 681.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 681.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 681.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 681.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 681.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 681.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 681.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 681.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 651.60 187.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 236.50 651.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 240.50 651.60 85.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 651.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 651.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 651.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 651.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 651.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 651.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 651.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 651.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 621.60 187.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 236.50 621.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 240.50 621.60 85.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 621.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 621.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 621.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 621.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 621.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 621.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 621.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 621.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 591.60 187.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 236.50 591.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 240.50 591.60 85.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 591.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 591.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 591.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 591.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 591.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 591.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 591.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 591.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 561.60 187.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 236.50 561.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 240.50 561.60 85.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 561.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 561.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 561.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 561.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 561.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 561.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 561.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 561.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 531.60 187.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 236.50 531.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 240.50 531.60 85.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 531.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 531.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 531.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 531.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 531.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 531.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 531.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 531.60 55.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 716.6 m 384.5 716.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 716.6 m 388.5 716.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 716.6 m 443.5 716.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 716.6 m 447.5 716.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 716.6 m 502.5 716.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 716.6 m 561.5 716.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 681.6 m 236.5 681.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 240.5 681.6 m 325.5 681.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 716.6 m 384.5 716.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 681.6 m 384.5 681.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 716.6 m 388.5 716.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 716.6 m 443.5 716.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 681.6 m 443.5 681.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 716.6 m 447.5 716.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 716.6 m 502.5 716.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 681.6 m 502.5 681.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 716.6 m 561.5 716.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 681.6 m 561.5 681.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 636.6 m 443.5 636.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 636.6 m 502.5 636.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 636.6 m 384.5 636.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 622.6 m 384.5 622.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 620.6 m 384.5 620.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 636.6 m 443.5 636.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 622.6 m 443.5 622.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 620.6 m 443.5 620.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 636.6 m 502.5 636.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 622.6 m 502.5 622.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 620.6 m 502.5 620.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 636.6 m 561.5 636.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 622.6 m 561.5 622.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 620.6 m 561.5 620.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 576.6 m 384.5 576.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 562.6 m 384.5 562.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 560.6 m 384.5 560.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 576.6 m 443.5 576.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 562.6 m 443.5 562.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 560.6 m 443.5 560.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 576.6 m 502.5 576.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 562.6 m 502.5 562.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 560.6 m 502.5 560.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 576.6 m 561.5 576.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 562.6 m 561.5 562.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 560.6 m 561.5 560.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 516.6 m 384.5 516.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 502.6 m 384.5 502.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 500.6 m 384.5 500.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 516.6 m 443.5 516.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 502.6 m 443.5 502.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 500.6 m 443.5 500.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 516.6 m 502.5 516.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 502.6 m 502.5 502.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 500.6 m 502.5 500.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 516.6 m 561.5 516.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 502.6 m 561.5 502.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 500.6 m 561.5 500.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 420.05 720.83 Td (Pr) Tj ET Q q 0 0 0 rg BT 428.34 720.83 Td (etax Charge) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 52.00 685.85 Td (\(in thousands, except employee data\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 244.75 693.83 Td (Approximate Number) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 259.70 685.83 Td (of Employees) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 334.15 685.83 Td (Refined Coal) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 398.35 693.83 Td (Emissions ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 402.20 685.83 Td (Contr) Tj ET Q q 0 0 0 rg BT 422.50 685.83 Td (ol) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 450.75 693.83 Td (All Other) Tj ET Q q 0 0 0 rg BT 483.27 693.83 Td ( and ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 456.70 685.83 Td (Corporate) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 524.75 685.83 Td (T) Tj ET Q q 0 0 0 rg BT 529.35 685.83 Td (otal) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 52 669.7125976562501 m 182.99609375 669.7125976562501 l s q 0 0 0 rg BT 52.00 671.28 Td (Y) Tj ET Q q 0 0 0 rg BT 58.11 671.28 Td (ear) Tj ET Q q 0 0 0 rg BT 71.81 671.28 Td ( ended December) Tj ET Q q 0 0 0 rg BT 145.50 671.28 Td ( 31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 656.27 Td (Restructuring charges) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.65 656.27 Td (162) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.65 656.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.15 656.27 Td (5,108) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.15 656.27 Td (5,264) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 656.27 Td (10,372) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 641.27 Td (Changes in estimates) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.65 641.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.30 641.32 Td (\(10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.65 641.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.30 641.32 Td (\(2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.65 641.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.30 641.32 Td (\(12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 641.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 626.27 Td (Total pretax charge, net of reversals) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.65 626.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.15 626.27 Td (5,098) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.15 626.27 Td (5,262) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 626.27 Td (10,360) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 52 594.71259765625 m 182.99609375 594.71259765625 l s q 0 0 0 rg BT 52.00 596.28 Td (Y) Tj ET Q q 0 0 0 rg BT 58.11 596.28 Td (ear) Tj ET Q q 0 0 0 rg BT 71.81 596.28 Td ( ended December) Tj ET Q q 0 0 0 rg BT 145.50 596.28 Td ( 31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 581.27 Td (Restructuring charges) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.65 581.27 Td (29) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.65 581.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.15 581.27 Td (1,294) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.15 581.27 Td (2,209) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 581.27 Td (3,503) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 566.27 Td (Total pretax charge, net of reversals) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.65 566.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.15 566.27 Td (1,294) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.15 566.27 Td (2,209) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 566.27 Td (3,503) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 52 534.71259765625 m 182.99609375 534.71259765625 l s q 0 0 0 rg BT 52.00 536.28 Td (Y) Tj ET Q q 0 0 0 rg BT 58.11 536.28 Td (ear) Tj ET Q q 0 0 0 rg BT 71.81 536.28 Td ( ended December) Tj ET Q q 0 0 0 rg BT 145.50 536.28 Td ( 31, 2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 521.27 Td (Restructuring charges) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.65 521.27 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.65 521.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.65 521.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 521.27 Td (60) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 521.27 Td (60) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 506.27 Td (Total pretax charge, net of reversals) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.65 506.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.65 506.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 506.27 Td (60) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 506.27 Td (60) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (The following table summarizes the Company's utilization of restructuring accruals for the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.00 478.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.59 478.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 466.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.44 466.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.44 466.10 Td (:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 434.60 344.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 434.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 397.50 434.60 80.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 434.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 434.60 80.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 404.60 344.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 404.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 397.50 404.60 80.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 404.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 404.60 80.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 374.60 344.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 374.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 397.50 374.60 80.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 374.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 374.60 80.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 344.60 344.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 344.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 397.50 344.60 80.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 344.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 344.60 80.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 314.60 344.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 314.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 397.50 314.60 80.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 314.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 314.60 80.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 284.60 344.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 284.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 397.50 284.60 80.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 284.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 284.60 80.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 254.60 344.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 254.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 397.50 254.60 80.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 254.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 254.60 80.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 434.6 m 393.5 434.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 434.6 m 477.5 434.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 434.6 m 561.5 434.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 434.6 m 393.5 434.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 434.6 m 477.5 434.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 434.6 m 561.5 434.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 374.6 m 477.5 374.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 374.6 m 561.5 374.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 314.6 m 477.5 314.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 314.6 m 561.5 314.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 254.60000000000002 m 477.5 254.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 240.60000000000002 m 477.5 240.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 238.60000000000002 m 477.5 238.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 254.60000000000002 m 561.5 254.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 240.60000000000002 m 561.5 240.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 238.60000000000002 m 561.5 238.60000000000002 l s BT /F4 8.00 Tf ET q 0 0 0 rg BT 52.00 438.85 Td (\(in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 401.75 438.83 Td (Employee Severance) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 486.20 446.83 Td (Business Operations ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 507.70 438.83 Td (Closur) Tj ET Q q 0 0 0 rg BT 530.67 438.83 Td (e) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 424.27 Td (Beginning accrual as of January 1, 2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.00 424.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.65 424.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.00 424.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 424.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 409.27 Td (Expense provision \(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.65 409.27 Td (60) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 409.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 394.27 Td (Cash payments and other \(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.30 394.32 Td (\(31) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.65 394.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 394.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 379.27 Td (Change in estimates) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.65 379.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 379.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 364.27 Td (Accrual as of December 31, 2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.65 364.27 Td (29) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 364.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 349.27 Td (Expense provision \(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.15 349.27 Td (3,503) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 349.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 334.27 Td (Cash payments and other \(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.80 334.32 Td (\(1,842) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.65 334.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 334.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 319.27 Td (Change in estimates) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.65 319.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 319.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 304.27 Td (Accrual as of December 31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.15 304.27 Td (1,690) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 304.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 289.27 Td (Expense provision \(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.15 289.27 Td (8,498) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 289.27 Td (2,650) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 274.27 Td (Cash payments and other \(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.80 274.32 Td (\(7,595) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.65 274.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 274.32 Td (\(1,873) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 274.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 259.27 Td (Change in estimates) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.30 259.32 Td (\(12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.65 259.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 259.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 244.27 Td (Accrual as of December 31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.00 244.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.15 244.27 Td (2,581) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.00 244.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 244.27 Td (777) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 216.10 Td (\(1\) Included within the Expense provision and Cash payments and other line items in the above table is equity based ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 204.10 Td (compensation of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.87 204.10 Td ($3.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 167.76 204.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.76 204.10 Td ($1.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.66 204.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.09 204.10 Td (zero) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.30 204.10 Td ( for the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.65 204.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.24 204.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.24 204.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.24 204.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.68 204.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.68 204.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 535.34 204.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 192.10 Td (resulting from the accelerated vesting of modified equity-based compensation awards for certain terminated employees. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 180.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 99.90 180.10 Td (, as discussed in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.84 180.10 Td (Note 8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.78 180.10 Td (, due to restructuring activities the Company fully impaired the carrying value of certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 168.10 Td (assets, thereby recognizing net impairment expense in the amount of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.86 168.10 Td ($1.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.75 168.10 Td ( during the third quarter of 2015.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 144.10 Td (Restructuring accruals related to personnel are included within the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.41 144.10 Td (Accrued payroll and related liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.46 144.10 Td ( line item in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 132.10 Td (Consolidated Balance Sheets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.08 132.10 Td (. Restructuring expenses related to personnel are included within the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.39 132.10 Td (Payroll and benefits) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.37 132.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 120.10 Td (Research and development, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.95 120.10 Td ( line items in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 244.11 120.10 Td (Consolidated Statements of Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.47 120.10 Td (. Restructuring accruals related to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 108.10 Td (facilities are included within the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 181.34 108.10 Td (Other current liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.64 108.10 Td ( line item in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.91 108.10 Td (Consolidated Balance Sheets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.99 108.10 Td (. Restructuring expenses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 96.10 Td (related to facilities are included within the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.32 96.10 Td (Rent and occupancy) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.40 96.10 Td ( line item in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.67 96.10 Td (Consolidated Statements of Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.03 96.10 Td (. ) Tj ET Q endstream endobj 179 0 obj <> endobj 180 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (86) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 50 740.68505859375 m 77.490234375 740.68505859375 l s q 0 0 0 rg BT 50.00 742.25 Td (Note 3) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 77.490234375 740.68505859375 m 192.87109375 740.68505859375 l s q 0 0 0 rg BT 77.49 742.25 Td ( - Pr) Tj ET Q q 0 0 0 rg BT 96.19 742.25 Td (operty and Equipment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 716.25 Td (The carrying basis and accumulated depreciation of property and equipment at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.82 716.25 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.41 716.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.84 716.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.84 716.25 Td (, are:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 671.75 326.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 376.50 671.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.50 671.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 671.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 671.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 671.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 671.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 641.75 326.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 376.50 641.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.50 641.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 641.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 641.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 641.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 641.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 611.75 326.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 376.50 611.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.50 611.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 611.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 611.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 611.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 611.75 58.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 692.75 m 500.5 692.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 692.75 m 504.5 692.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 692.75 m 562.5 692.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 671.75 m 376.5 671.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380.5 671.75 m 438.5 671.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 671.75 m 500.5 671.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 671.75 m 562.5 671.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 626.75 m 500.5 626.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 626.75 m 562.5 626.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 596.75 m 500.5 596.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 596.75 m 562.5 596.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 582.75 m 500.5 582.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 580.75 m 500.5 580.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 596.75 m 562.5 596.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 582.75 m 562.5 582.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 580.75 m 562.5 580.75 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 697.00 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 397.75 683.98 Td (Life in) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 399.40 675.98 Td (Y) Tj ET Q q 0 0 0 rg BT 404.29 675.98 Td (ears) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 468.95 696.98 Td (As of December 31,) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 53.00 676.00 Td (\(in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 463.00 675.98 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 525.00 675.98 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 662.32 Td (Machinery and equipment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.80 661.42 Td (3-10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.00 661.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.15 661.42 Td (3,498) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.00 661.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 661.42 Td (7,194) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 647.32 Td (Leasehold improvements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.30 646.42 Td (3-7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.15 646.42 Td (2,172) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 646.42 Td (2,198) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 632.32 Td (Furniture and fixtures) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.30 631.42 Td (3-7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.65 631.42 Td (927) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 631.42 Td (1,340) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.15 616.42 Td (6,597) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 616.42 Td (10,732) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 602.32 Td (Less accumulated depreciation and amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.80 601.47 Td (\(4,557) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.65 601.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.80 601.47 Td (\(5,924) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 601.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 587.32 Td (Total property and equipment, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.00 586.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.15 586.42 Td (2,040) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.00 586.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 586.42 Td (4,808) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 565.25 Td (Depreciation expense for the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.70 565.25 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.28 565.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.28 565.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.28 565.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.72 565.25 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.72 565.25 Td ( was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.27 565.25 Td ($1.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.17 565.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.17 565.25 Td ($1.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.06 565.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.50 565.25 Td ($1.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.39 565.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 553.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 97.66 553.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 536.25 Td (As discussed in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 114.72 536.25 Td (Note 2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.66 536.25 Td (, as part of a broader strategic restructuring of the Company's business, the Company) Tj ET Q q 0 0 0 rg BT 484.21 536.25 Td (s management ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 524.25 Td (approved an action to wind down the manufacturing operations of BCSI, LLC, in order to focus the Company's ef) Tj ET Q q 0 0 0 rg BT 505.41 524.25 Td (forts within ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 512.25 Td (the DSI market on engineering. During the fourth quarter of 2015, the Company classified certain assets used in the BCSI, LLC ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 500.25 Td (manufacturing operations as held for sale. In doing so, the Company recognized impairment expense of approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.08 500.25 Td ($0.3 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 488.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 488.25 Td ( to reduce the carrying value of the assets to their estimated sales value, less estimated costs to sell. ) Tj ET Q q 0 0 0 rg BT 479.70 488.25 Td (The property and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 476.25 Td (equipment was subsequently sold at auction. Proceeds from the sale of the impaired assets totaled approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.49 476.25 Td ($0.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.38 476.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 464.25 Td (No gain or loss was recognized on the sale of the property and equipment.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 440.25 Td (Also during the fourth quarter of 2015, the Company sold certain property and equipment having a net book value of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 428.25 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.26 428.25 Td ($60 thousand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.87 428.25 Td (. Proceeds from the sale totaled approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.14 428.25 Td ($0.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.03 428.25 Td (, which resulted in the recognition of a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 416.25 Td (gain on the sale of approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 186.07 416.25 Td ($0.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 234.96 416.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 392.25 Td (The Company also closed its fabrication facility in McKeesport, Pennsylvania during the fourth quarter of 2015 and recognized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 380.25 Td ($0.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.89 380.25 Td ( of expense related to the abandonment of leased facilities.) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 50 352.68505859375 m 77.490234375 352.68505859375 l s q 0 0 0 rg BT 50.00 354.25 Td (Note 4) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 77.490234375 352.68505859375 m 137.4853515625 352.68505859375 l s q 0 0 0 rg BT 77.49 354.25 Td ( - Investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 330.25 Td (The Company had investment securities related to certificates of deposit in the amount of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.89 330.25 Td ($0.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.78 330.25 Td ( as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.94 330.25 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 561.53 330.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 318.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.94 318.25 Td (December31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.52 318.25 Td (. No unrealized gains or losses were recorded as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.28 318.25 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.86 318.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.30 318.25 Td (December31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.89 318.25 Td ( related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 306.25 Td (to these investment securities. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 282.25 Td (The Company also had a cost method investment in the amount of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.72 282.25 Td ($2.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.62 282.25 Td ( as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.78 282.25 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.36 282.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.80 282.25 Td (December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 270.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 270.25 Td (. No unrealized gains or losses were recorded as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.76 270.25 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.34 270.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.78 270.25 Td (December31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.36 270.25 Td ( related to this investment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 258.25 Td (security) Tj ET Q q 0 0 0 rg BT 81.01 258.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 234.25 Td (The Company's investment securities have maturities ranging from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.63 234.25 Td (one) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.06 234.25 Td ( to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.84 234.25 Td (five) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.39 234.25 Td ( years as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.15 234.25 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.73 234.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 210.25 Td (In November 2014, the Company acquired an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.50 210.25 Td (8%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.83 210.25 Td ( ownership interest in the common stock of Highview Enterprises Limited ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 198.25 Td (\("Highview"\), a London, England based developmental stage company specializing in power storage, for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.04 198.25 Td ($2.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.93 198.25 Td ( in cash. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 186.25 Td (The Company evaluated the investment and determined that it should account for the investment under the cost method. ) Tj ET Q q 0 0 0 rg BT 532.74 186.25 Td (This ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 174.25 Td (investment is evaluated for impairment upon an indicator of impairment such as an event or change in circumstances that may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 162.25 Td (have a significant adverse ef) Tj ET Q q 0 0 0 rg BT 163.65 162.25 Td (fect on the fair value of the investment. ) Tj ET Q q 0 0 0 rg BT 322.76 162.25 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.21 162.25 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.79 162.25 Td (, there were no indicators of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 150.25 Td (impairment. ) Tj ET Q q 0 0 0 rg BT 100.92 150.25 Td (When there are no indicators of impairment present, the Company estimates the fair value for the Highview ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 138.25 Td (investment only if it is practical to do so. ) Tj ET Q q 0 0 0 rg BT 215.53 138.25 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 239.98 138.25 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.56 138.25 Td (, the Company estimated that the fair value of the cost ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 126.25 Td (method investment approximated the November 2014 purchase price due to the proximity of the purchase date to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.70 126.25 Td (December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 114.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 114.25 Td ( and no indicators of impairment were identified. ) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 50 86.68505859375 m 77.490234375 86.68505859375 l s q 0 0 0 rg BT 50.00 88.25 Td (Note 5) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 77.490234375 86.68505859375 m 279.4482421875 86.68505859375 l s q 0 0 0 rg BT 77.49 88.25 Td ( - Costs and Billings on Uncompleted Contracts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 71.25 Td (Costs incurred on uncompleted contracts represent the gross costs as of the balance sheet dates. Billings on uncompleted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 59.25 Td (contracts represent the gross billings as of the balance sheet dates. Costs and billings are netted on an individual contract basis, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 47.25 Td (with contracts in a net cost position aggregated and presented as Costs in excess of billings on uncompleted contracts in the ) Tj ET Q endstream endobj 181 0 obj <> endobj 182 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (87) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (accompanying Consolidated Balance Sheet, and contracts in a net billing position aggregated and presented as Billings in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (excess of costs on uncompleted contracts in the accompanying Consolidated Balance Sheets. ) Tj ET Q q 0 0 0 rg BT 423.88 730.10 Td (The below table shows the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (components of these items. ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 681.60 364.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 681.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 681.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 681.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 681.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 651.60 364.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 651.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 651.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 651.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 651.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 621.60 364.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 621.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 621.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 621.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 621.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 591.60 364.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 591.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 591.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 591.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 591.60 70.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 694.6 m 488.5 694.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 694.6 m 492.5 694.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 694.6 m 562.5 694.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 681.6 m 414.5 681.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 681.6 m 488.5 681.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 681.6 m 562.5 681.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 651.6 m 492.5 651.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 651.6 m 488.5 651.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 637.6 m 488.5 637.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 635.6 m 488.5 635.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 651.6 m 562.5 651.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 637.6 m 562.5 637.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 635.6 m 562.5 635.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 591.6 m 488.5 591.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 577.6 m 488.5 577.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 575.6 m 488.5 575.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 591.6 m 562.5 591.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 577.6 m 562.5 577.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 575.6 m 562.5 575.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 456.95 698.83 Td (As of December 31,) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 53.00 685.16 Td (\(in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 445.00 685.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 519.00 685.83 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 672.17 Td (Costs incurred on uncompleted contracts \(gross\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 671.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 671.27 Td (72,581) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 671.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 671.27 Td (79,108) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 657.17 Td (Billings on uncompleted contracts \(gross\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.80 656.32 Td (\(80,152) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 656.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.80 656.32 Td (\(95,473) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 656.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 641.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.80 641.32 Td (\(7,571) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 641.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 641.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.80 641.32 Td (\(16,365) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 641.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 627.17 Td (Included in the accompanying balance sheets under the following captions ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 353.46 631.70 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.04 627.17 Td (:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 612.17 Td (Costs in excess of billings on uncompleted contracts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 611.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 611.27 Td (2,137) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 611.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 611.27 Td (6,153) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 597.17 Td (Billings in excess of costs on uncompleted contracts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.80 596.32 Td (\(9,708) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 596.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.80 596.32 Td (\(22,518) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 596.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 582.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 581.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.80 581.32 Td (\(7,571) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 581.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 581.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.80 581.32 Td (\(16,365) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 581.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 50.00 557.63 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.58 553.10 Td ( ) Tj ET Q q 0 0 0 rg BT 62.03 553.10 Td (Amounts presented after netting of costs and billings on an individual contract basis. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 529.10 Td (When it becomes apparent that a contract will ultimately be completed at a loss, the Company estimates such loss and accrues ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 517.10 Td (the loss as a loss contract accrual in the period that the loss determination becomes apparent. Loss contract accruals of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.61 517.10 Td ($0.8 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 505.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 505.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.33 505.10 Td ($2.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 147.22 505.10 Td ( as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 171.38 505.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.97 505.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.40 505.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.40 505.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 342.07 505.10 Td (, are included in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.98 505.10 Td (Other current liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.29 505.10 Td ( line item in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 493.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.72 493.10 Td (Consolidated Balance Sheets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 180.80 493.10 Td (. During the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.32 493.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.91 493.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.91 493.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.91 493.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.35 493.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.35 493.10 Td (, the Company recorded loss ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 481.10 Td (contract provisions of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.70 481.10 Td ($0.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 188.59 481.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.59 481.10 Td ($0.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.49 481.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.92 481.10 Td ($4.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.82 481.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 363.48 481.10 Td (. Loss contract provisions are included within the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 469.10 Td (Equipment sales cost of revenue, exclusive of depreciation and amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.89 469.10 Td ( line item in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.16 469.10 Td (Consolidated Statements of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 457.10 Td (Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.88 457.10 Td (. ) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 50 429.53505859375 m 77.490234375 429.53505859375 l s q 0 0 0 rg BT 50.00 431.10 Td (Note 6) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 77.490234375 429.53505859375 m 415.654296875 429.53505859375 l s q 0 0 0 rg BT 77.49 431.10 Td ( - Resear) Tj ET Q q 0 0 0 rg BT 115.07 431.10 Td (ch and Development and Government and Industry Funded Contracts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 414.10 Td (The Company has performed research and development activities related to emer) Tj ET Q q 0 0 0 rg BT 374.69 414.10 Td (ging technologies, such as those aimed at the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 402.10 Td (separation, capture and control of CO) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 200.50 400.96 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.10 402.10 Td ( emissions related to power generation, oil & gas production technologies and ener) Tj ET Q q 0 0 0 rg BT 534.22 402.10 Td (gy ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 390.10 Td (storage applications through internal funds, and contracts supported by the DOE and industry participants. ) Tj ET Q q 0 0 0 rg BT 477.50 390.10 Td (The contracts with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 378.10 Td (the DOE can take the form of grants or cooperative agreements and are considered financial assistance awards. ) Tj ET Q q 0 0 0 rg BT 496.29 378.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 366.10 Td (deliverables required by the DOE agreements include various technical and financial reports that the Company submits on a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 354.10 Td (prescribed schedule. ) Tj ET Q q 0 0 0 rg BT 133.95 354.10 Td (The agreements require the Company to perform the negotiated scope of work in agreed phases, which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 342.10 Td (includes testing and demonstration of technologies.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 325.10 Td (The Company has participated in several contracts awarded by the DOE. ) Tj ET Q q 0 0 0 rg BT 343.60 325.10 Td (The Company typically invoices the DOE and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 313.10 Td (industry cost-share partners monthly for labor and expenditures plus estimated overhead factors, less any cost share amounts. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 301.10 Td (The contracts under which the Company has performed are subject to audit and future appropriation of funds by Congress. ) Tj ET Q q 0 0 0 rg BT 543.01 301.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 289.10 Td (Company has not experienced any material adverse adjustments as a result of government audits. However) Tj ET Q q 0 0 0 rg BT 477.52 289.10 Td (, the government ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 277.10 Td (audits for years ended 2010 through 2015 have not yet been finalized.) Tj ET Q q 0 0 0 rg BT 331.68 277.10 Td (The following table shows the impact to Research and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 265.10 Td (development expense amounts recognized in the Consolidated Statement of Operations: ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 220.60 290.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 220.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 220.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 220.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 220.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 220.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 220.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 190.60 290.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 190.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 190.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 190.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 190.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 190.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 190.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 160.60 290.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 160.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 160.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 160.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 160.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 160.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 160.60 70.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 241.60000000000002 m 413.5 241.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 241.60000000000002 m 417.5 241.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 241.60000000000002 m 487.5 241.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 241.60000000000002 m 491.5 241.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 241.60000000000002 m 561.5 241.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 220.60000000000002 m 339.5 220.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 220.60000000000002 m 413.5 220.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 220.60000000000002 m 487.5 220.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 220.60000000000002 m 561.5 220.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 220.60000000000002 m 413.5 220.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 220.60000000000002 m 487.5 220.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 220.60000000000002 m 561.5 220.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 160.60000000000002 m 413.5 160.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 146.60000000000002 m 413.5 146.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 144.60000000000002 m 413.5 144.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 160.60000000000002 m 487.5 160.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 146.60000000000002 m 487.5 146.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 144.60000000000002 m 487.5 144.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 160.60000000000002 m 561.5 160.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 146.60000000000002 m 561.5 146.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 144.60000000000002 m 561.5 144.60000000000002 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 245.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 406.05 245.83 Td (Years Ended December 31,) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 52.00 224.85 Td (\(in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 370.00 224.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 444.00 224.83 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 518.00 224.83 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 211.17 Td (Research and development expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.00 210.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.15 210.27 Td (6,737) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.00 210.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 210.27 Td (3,554) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.00 210.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 210.27 Td (13,054) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 196.17 Td (Less:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 181.17 Td (DOE funding) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.15 180.27 Td (1,375) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 180.27 Td (1,756) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 180.27 Td (9,400) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 166.17 Td (Industry cost-share funding) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.65 165.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.65 165.27 Td (277) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 165.27 Td (417) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 151.17 Td (Net research and development expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.00 150.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.15 150.27 Td (5,362) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.00 150.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 150.27 Td (1,521) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.00 150.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 150.27 Td (3,237) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 122.10 Td (Included within the above research and development expenses during 2015 is net impairment expense of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.26 122.10 Td ($1.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.15 122.10 Td ( for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 110.10 Td (entire carrying value of its ) Tj ET Q q 0 0 0 rg BT 157.46 110.10 Td (ADA) Tj ET Q q 0 0 0 rg BT 178.57 110.10 Td ( ) Tj ET Q q 0 0 0 rg BT 180.52 110.10 Td (Analytics assets, as discussed in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.62 110.10 Td (Note 2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.55 110.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.99 110.10 Td (Note 8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.93 110.10 Td (.) Tj ET Q endstream endobj 183 0 obj <> endobj 184 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (88) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 50 740.68505859375 m 77.490234375 740.68505859375 l s q 0 0 0 rg BT 50.00 742.25 Td (Note 7) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 77.490234375 740.68505859375 m 204.716796875 740.68505859375 l s q 0 0 0 rg BT 77.49 742.25 Td ( - Equity Method Investments) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 723.9169921875 m 158.3544921875 723.9169921875 l s q 0 0 0 rg BT 50.00 725.25 Td (Clean Coal Solutions, LLC) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.35 725.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 704.25 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.44 704.25 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.03 704.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.47 704.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 192.47 704.25 Td (, the Company) Tj ET Q q 0 0 0 rg BT 253.85 704.25 Td (s ownership in CCS was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.13 704.25 Td (42.5%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.96 704.25 Td (. CCS supplies technology) Tj ET Q q 0 0 0 rg BT 485.42 704.25 Td (, equipment and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 692.25 Td (technical services to cyclone-fired and other boiler users, but CCS's primary purpose is to put into operation facilities that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 680.25 Td (produce Refined Coal \("RC"\) that qualifies for tax credits available under Section 45 of the Internal Revenue Code \("Section ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 668.25 Td (45 tax credits"\). NexGen Refined Coal, LLC \("NexGen"\) and GSFS Investments I Corp. \(GSFS\), an af) Tj ET Q q 0 0 0 rg BT 471.15 668.25 Td (filiate of ) Tj ET Q q 0 0 0 rg BT 507.62 668.25 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 656.25 Td (Goldman Sachs Group, Inc., also own ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 204.70 656.25 Td (42.5%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 230.53 656.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.97 656.25 Td (15.0%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.80 656.25 Td (, respectively) Tj ET Q q 0 0 0 rg BT 328.46 656.25 Td (. GSFS owns Class B units which provide certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 644.25 Td (preferences over ) Tj ET Q q 0 0 0 rg BT 118.29 644.25 Td (ADA) Tj ET Q q 0 0 0 rg BT 139.40 644.25 Td ( and NexGen as to liquidation and profit distribution, including a guaranteed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.94 644.25 Td (15%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.27 644.25 Td ( annual return on GSFS ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 632.25 Td (unrecovered investment balance, which is calculated as the original GSFS investment, plus a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.51 632.25 Td (15%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.84 632.25 Td ( annual return thereon, less ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 620.25 Td (any distributions, including the allocation of Section 45 tax credits. ) Tj ET Q q 0 0 0 rg BT 320.51 620.25 Td (Additionally) Tj ET Q q 0 0 0 rg BT 370.41 620.25 Td (, on the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.63 620.25 Td (10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.63 620.25 Td ( year anniversary of the date the last ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 608.25 Td (RC facility owned by CCS or one of its subsidiaries is placed into service, but no later than December 31, 2021, if the GSFS's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 596.25 Td (unrecovered investment balance has not been reduced to zero, GSFS may require CCS to redeem its Class B units for an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 584.25 Td (amount equal to the then unrecovered investment balance, payable within ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.84 584.25 Td (180) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.84 584.25 Td ( days of the notice of redemption. GSFS has no ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 572.25 Td (further capital call requirements and does not have a voting interest but does have approval rights over certain corporate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 560.25 Td (transactions. However) Tj ET Q q 0 0 0 rg BT 139.01 560.25 Td (, the Class B units do not have voting rights and ) Tj ET Q q 0 0 0 rg BT 332.90 560.25 Td (ADA) Tj ET Q q 0 0 0 rg BT 354.01 560.25 Td ( and NexGen each maintain a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.51 560.25 Td (50%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.84 560.25 Td ( voting interest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 548.25 Td (in CCS.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 527.25 Td (CCS had been determined to be a ) Tj ET Q q 0 0 0 rg BT 186.17 527.25 Td (VIE, however) Tj ET Q q 0 0 0 rg BT 241.86 527.25 Td (, the Company does not have the power to direct the activities that most ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 515.25 Td (significantly impact the ) Tj ET Q q 0 0 0 rg BT 146.74 515.25 Td (VIE) Tj ET Q q 0 0 0 rg BT 166.18 515.25 Td (s economic performance and has therefore accounted for the investment under the equity method ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 503.25 Td (of accounting. ) Tj ET Q q 0 0 0 rg BT 109.52 503.25 Td (The Company determined the voting partners of CCS have identical voting rights, equity control interests and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 491.25 Td (board control interests, and therefore, concluded that the power to direct the activities that most significantly impact the ) Tj ET Q q 0 0 0 rg BT 530.78 491.25 Td (VIE) Tj ET Q q 0 0 0 rg BT 550.21 491.25 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 479.25 Td (economic performance were shared.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 458.25 Td (The following tables summarize the assets, liabilities and results of operations of CCS: ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 419.75 364.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 419.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 419.75 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 419.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 419.75 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 391.75 364.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 391.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 391.75 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 391.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 391.75 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 363.75 364.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 363.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 363.75 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 363.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 363.75 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 335.75 364.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 335.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 335.75 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 335.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 335.75 70.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 433.75 m 488.5 433.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 433.75 m 492.5 433.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 433.75 m 562.5 433.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 419.75 m 414.5 419.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 433.75 m 488.5 433.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 419.75 m 488.5 419.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 433.75 m 562.5 433.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 419.75 m 562.5 419.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 456.95 437.98 Td (As of December 31,) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 53.00 424.00 Td (\(in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 445.00 423.98 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 519.00 423.98 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 410.32 Td (Current assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 410.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 410.32 Td (41,099) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 410.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 410.32 Td (28,701) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 396.32 Td (Non-current assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 396.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 396.32 Td (90,509) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 396.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 396.32 Td (52,983) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 382.32 Td (Current liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 382.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 382.32 Td (60,987) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 382.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 382.32 Td (70,927) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 368.32 Td (Non-current liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 368.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 368.32 Td (9,434) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 368.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 368.32 Td (22,737) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 354.32 Td (Redeemable Class B equity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 354.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 354.32 Td (30,449) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 354.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 354.32 Td (45,522) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 340.32 Td (Members deficit attributable to Class A members) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 340.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 340.32 Td (25,175) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 340.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.80 340.37 Td (\(63,027) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 340.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 326.32 Td (Noncontrolling interests) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 326.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 326.32 Td (5,563) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 326.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 326.32 Td (5,525) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 277.75 290.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 277.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 277.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 277.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 277.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 277.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 277.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 247.75 290.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 247.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 247.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 247.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 247.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 247.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 247.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 217.75 290.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 217.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 217.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 217.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 217.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 217.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 217.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 187.75 290.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 187.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 187.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 187.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 187.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 187.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 187.75 70.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 298.75 m 414.5 298.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 298.75 m 418.5 298.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 298.75 m 488.5 298.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 298.75 m 492.5 298.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 298.75 m 562.5 298.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 277.75 m 340.5 277.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 277.75 m 414.5 277.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 298.75 m 488.5 298.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 277.75 m 488.5 277.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 298.75 m 562.5 298.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 277.75 m 562.5 277.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 277.75 m 488.5 277.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 277.75 m 562.5 277.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 247.75 m 414.5 247.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 247.75 m 488.5 247.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 247.75 m 562.5 247.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 247.75 m 414.5 247.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 247.75 m 488.5 247.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 247.75 m 562.5 247.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 187.75 m 414.5 187.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 187.75 m 488.5 187.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 187.75 m 562.5 187.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 172.75 m 414.5 172.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 158.75 m 414.5 158.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 156.75 m 414.5 156.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 172.75 m 488.5 172.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 158.75 m 488.5 158.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 156.75 m 488.5 156.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 172.75 m 562.5 172.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 158.75 m 562.5 158.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 156.75 m 562.5 156.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 407.05 302.98 Td (Years Ended December 31,) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 53.00 282.00 Td (\(in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 371.00 281.98 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 445.00 281.98 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 519.00 281.98 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 267.42 Td (Gross margin) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.00 267.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.15 267.42 Td (108,416) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 267.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 267.42 Td (89,099) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 267.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 267.42 Td (50,941) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 252.42 Td (Operating expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.15 252.42 Td (23,405) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 252.42 Td (21,502) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 252.42 Td (17,462) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 237.42 Td (Income from operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.15 237.42 Td (85,011) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 237.42 Td (67,597) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 237.42 Td (33,479) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 222.42 Td (Other expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.80 222.47 Td (\(2,203) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.65 222.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.80 222.47 Td (\(1,830) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 222.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.30 222.47 Td (\(527) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 222.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 207.42 Td (Redeemable Class B preferred return) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.80 207.47 Td (\(6,157) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.65 207.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.80 207.47 Td (\(8,707) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 207.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.80 207.47 Td (\(10,189) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 207.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 192.42 Td (Loss attributable to noncontrolling interest) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.15 192.42 Td (10,675) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 192.42 Td (11,023) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 192.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 177.42 Td (Net income available to Class A members) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.00 177.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.15 177.42 Td (87,326) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 177.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 177.42 Td (68,083) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 177.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 177.42 Td (22,763) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 162.42 Td (ADES equity earnings from CCS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.00 162.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.15 162.42 Td (8,651) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 162.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 162.42 Td (43,584) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 162.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 162.42 Td (13,813) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 137.25 Td (As shown above, the Company reported earnings from its equity investment in CCS of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.67 137.25 Td ($8.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.56 137.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.56 137.25 Td ($43.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.46 137.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.89 137.25 Td ($13.8 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 125.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 125.25 Td ( for the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 160.24 125.25 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.83 125.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.83 125.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.83 125.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.27 125.25 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.27 125.25 Td (, respectively) Tj ET Q q 0 0 0 rg BT 355.93 125.25 Td (. ) Tj ET Q q 0 0 0 rg BT 360.75 125.25 Td (The dif) Tj ET Q q 0 0 0 rg BT 389.72 125.25 Td (ference between the Company's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 113.25 Td (proportionate share of CCS's net income \(at its equity interest of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.80 113.25 Td (42.5%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.63 113.25 Td (\) as presented in the table below) Tj ET Q q 0 0 0 rg BT 463.82 113.25 Td (, and the Company's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 101.25 Td (earnings from its CCS equity method investment as reported on its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.13 101.25 Td (Consolidated Statements of Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.49 101.25 Td ( relates to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 89.25 Td (Company receiving cumulative and non-refundable distributions in excess of its cumulative, proportionate share of CCS's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 77.25 Td (historical net income \("excess distributions"\), thereby reducing the carrying value of the Company's equity investment in CCS ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 65.25 Td (to zero. In future periods, the Company will continue to report excess distributions as its earnings from CCS until such a time ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 53.25 Td (as when its cumulative, proportionate share of CCS's net income equals or exceeds the amount of its cumulative, non-) Tj ET Q endstream endobj 185 0 obj <> endobj 186 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (89) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (refundable distributions. ) Tj ET Q q 0 0 0 rg BT 150.08 742.10 Td (Thereafter) Tj ET Q q 0 0 0 rg BT 191.31 742.10 Td (, the Company will recognize its proportionate share of CCS's net income, unless future ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (excess distributions occur) Tj ET Q q 0 0 0 rg BT 152.91 730.10 Td (, in which case the excess distributions would be recognized as the earnings from CCS. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 709.10 Td (As shown in the table below) Tj ET Q q 0 0 0 rg BT 162.94 709.10 Td (, the Company) Tj ET Q q 0 0 0 rg BT 224.33 709.10 Td (s carrying value in CCS has been reduced to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.00 709.10 Td (zero) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.21 709.10 Td ( in all periods presented, as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 697.10 Td (cumulative, non-refundable cash distributions have exceeded the Company's cumulative, proportionate share of earnings in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 685.10 Td (CCS net income. ) Tj ET Q q 0 0 0 rg BT 120.37 685.10 Td (Therefore, in each of the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.40 685.10 Td (December31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.99 685.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.42 685.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.42 685.10 Td (, the Company has reported its non-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 673.10 Td (refundable distributions as its earnings from CCS in its Consolidated Statements of Operations. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 652.10 Td (In the Company's Consolidated Statement of Cash Flows, distributions are reported as a return on the Company's equity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 640.10 Td (investment within the operating cash flows section of the Company's Consolidated Statements of Cash Flows until such time as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 628.10 Td (the carrying value in an equity method investee company is reduced to zero; thereafter) Tj ET Q q 0 0 0 rg BT 395.29 628.10 Td (, such distributions are reported as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 616.10 Td (distributions in excess of cumulative earnings within Investing cash flows. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 595.10 Td (The following table shows the Company's investment balance, equity earnings and cash distributions in excess of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 583.10 Td (investment balance for the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 208.27 583.10 Td (December31, 2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.85 583.10 Td ( through ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.96 583.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.54 583.10 Td ( \() Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 407.37 583.10 Td (in thousands) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.21 583.10 Td (\). ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 522.60 206.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 255.50 522.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 259.50 522.60 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 522.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.50 522.60 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 522.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.50 522.60 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.50 522.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 522.60 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 522.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 522.60 72.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 494.60 206.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 255.50 494.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 259.50 494.60 58.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 494.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.50 494.60 52.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 494.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.50 494.60 52.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.50 494.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 494.60 52.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 494.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 494.60 72.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 457.60 206.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 255.50 457.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 259.50 457.60 58.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 457.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.50 457.60 52.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 457.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.50 457.60 52.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.50 457.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 457.60 52.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 457.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 457.60 72.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 411.60 206.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 255.50 411.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 259.50 411.60 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 411.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.50 411.60 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 411.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.50 411.60 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.50 411.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 411.60 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 411.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 411.60 72.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 374.60 206.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 255.50 374.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 259.50 374.60 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 374.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.50 374.60 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 374.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.50 374.60 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.50 374.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 374.60 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 374.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 374.60 72.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 337.60 206.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 255.50 337.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 259.50 337.60 58.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 337.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.50 337.60 52.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 337.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.50 337.60 52.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.50 337.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 337.60 52.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 337.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 337.60 72.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 300.60 206.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 255.50 300.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 259.50 300.60 58.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 300.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.50 300.60 52.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 300.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.50 300.60 52.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.50 300.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 300.60 52.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 300.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 300.60 72.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 263.60 206.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 255.50 263.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 259.50 263.60 58.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 263.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.50 263.60 52.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 263.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.50 263.60 52.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.50 263.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 263.60 52.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 263.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 263.60 72.00 -23.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 522.6 m 255.5 522.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 259.5 522.6 m 317.5 522.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 522.6 m 373.5 522.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 522.6 m 429.5 522.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 522.6 m 485.5 522.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 522.6 m 561.5 522.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 434.6 m 373.5 434.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 411.6 m 373.5 411.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 434.6 m 429.5 434.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 411.6 m 429.5 411.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 434.6 m 485.5 434.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 411.6 m 485.5 411.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 434.6 m 561.5 434.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 411.6 m 561.5 411.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 337.6 m 373.5 337.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 314.6 m 373.5 314.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 337.6 m 429.5 337.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 314.6 m 429.5 314.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 337.6 m 485.5 337.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 314.6 m 485.5 314.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 337.6 m 561.5 337.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 314.6 m 561.5 314.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 240.60000000000002 m 373.5 240.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 218.60000000000002 m 373.5 218.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 216.60000000000002 m 373.5 216.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 240.60000000000002 m 429.5 240.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 218.60000000000002 m 429.5 218.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 216.60000000000002 m 429.5 216.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 240.60000000000002 m 485.5 240.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 218.60000000000002 m 485.5 218.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 216.60000000000002 m 485.5 216.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 240.60000000000002 m 561.5 240.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 218.60000000000002 m 561.5 218.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 216.60000000000002 m 561.5 216.60000000000002 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 132.20 526.83 Td (Description) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 275.75 526.83 Td (Date\(s\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 327.85 534.83 Td (Investment) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 333.85 526.83 Td (balance) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 380.65 542.83 Td (ADES equity) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 388.30 534.83 Td (earnings) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 394.10 526.83 Td (\(loss\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 450.30 534.83 Td (Cash) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 437.20 526.83 Td (distributions) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 497.75 558.83 Td (Memo Account:) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 493.50 550.83 Td (Cash distributions) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 495.30 542.83 Td (and equity loss in) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 507.55 534.83 Td (\(excess\) of) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 492.20 526.83 Td (investment balance) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 513.06 Td (Beginning balance) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 267.45 513.06 Td (12/31/2012) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 324.00 513.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 361.00 513.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 380.00 513.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 417.00 513.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 436.00 513.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 473.00 513.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 492.00 513.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.75 513.06 Td (\(8,003) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.00 513.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.00 499.06 Td (ADES proportionate share of income from CCS \(1\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 266.75 499.06 Td (2013 activity) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 349.75 499.06 Td (8,910) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 405.75 499.06 Td (8,910) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 473.00 499.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.00 499.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.00 485.06 Td (Increase of equity loss in excess of investment) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.00 476.06 Td (balance \(prior to cash distributions\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 266.75 476.06 Td (2013 activity) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 346.75 476.06 Td (\(8,003) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 370.00 476.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 402.75 476.06 Td (\(8,003) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 426.00 476.06 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 473.00 476.05 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 537.75 476.06 Td (8,003) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.00 462.06 Td (Current year cash distributions from CCS) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 266.75 462.06 Td (2013 activity) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 342.25 462.06 Td (\(13,813) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 370.00 462.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 417.00 462.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 457.25 462.06 Td (13,813) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.00 462.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.00 448.06 Td (Adjustment for current year cash distributions in) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.00 439.06 Td (excess of investment balance) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 266.75 439.06 Td (2013 activity) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 345.25 439.06 Td (12,906) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 401.25 439.06 Td (12,906) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 473.00 439.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 530.25 439.06 Td (\(12,906) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.00 439.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 425.06 Td (Total investment balance, equity earnings \(loss\) and) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 416.06 Td (cash distributions) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 267.45 416.06 Td (12/31/2013) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 324.00 416.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 361.00 416.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 380.00 416.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 401.25 416.06 Td (13,813) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 436.00 416.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 457.25 416.06 Td (13,813) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 492.00 416.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 530.25 416.06 Td (\(12,906) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.00 416.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.00 402.06 Td (ADES proportionate share of income from CCS \(1\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 266.75 402.06 Td (2014 activity) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 324.00 402.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 345.25 402.06 Td (26,613) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 380.00 402.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 401.25 402.06 Td (26,613) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 436.00 402.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 473.00 402.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 492.00 402.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.00 402.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.00 388.06 Td (Recovery of cash distributions in excess of) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.00 379.06 Td (investment balance \(prior to cash distributions\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 266.75 379.06 Td (2014 activity) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 342.25 379.06 Td (\(12,906) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 370.00 379.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 398.25 379.06 Td (\(12,906) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 426.00 379.06 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 473.00 379.05 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.25 379.06 Td (12,906) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.00 365.06 Td (Current year cash distributions from CCS) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 266.75 365.06 Td (2014 activity) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 342.25 365.06 Td (\(43,584) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 370.00 365.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 417.00 365.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 457.25 365.06 Td (43,584) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.00 365.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.00 351.06 Td (Adjustment for current year cash distributions in) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.00 342.06 Td (excess of investment balance) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 266.75 342.06 Td (2014 activity) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 345.25 342.06 Td (29,877) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 401.25 342.06 Td (29,877) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 473.00 342.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 530.25 342.06 Td (\(29,877) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.00 342.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 328.06 Td (Total investment balance, equity earnings \(loss\) and) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 319.06 Td (cash distributions) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 267.45 319.06 Td (12/31/2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 324.00 319.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 361.00 319.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 380.00 319.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 401.25 319.06 Td (43,584) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 436.00 319.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 457.25 319.06 Td (43,584) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 492.00 319.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 530.25 319.06 Td (\(29,877) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.00 319.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.00 305.06 Td (ADES proportionate share of income from CCS \(1\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 266.75 305.06 Td (2015 activity) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 324.00 305.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 345.25 305.06 Td (35,265) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 380.00 305.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 401.25 305.06 Td (35,265) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 436.00 305.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 473.00 305.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 492.00 305.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.00 305.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.00 291.06 Td (Recovery of cash distributions in excess of) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.00 282.06 Td (investment balance \(prior to cash distributions\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 266.75 282.06 Td (2015 activity) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 342.25 282.06 Td (\(29,877) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 370.00 282.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 398.25 282.06 Td (\(29,877) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 426.00 282.06 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 473.00 282.05 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.25 282.06 Td (29,877) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.00 268.06 Td (Current year cash distributions from CCS) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 266.75 268.06 Td (2015 activity) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 346.75 268.06 Td (\(8,651) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 370.00 268.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 417.00 268.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 461.75 268.06 Td (8,651) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.00 268.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.00 254.06 Td (Adjustment for current year cash distributions in) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.00 245.06 Td (excess of investment balance) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 266.75 245.06 Td (2015 activity) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 349.75 245.06 Td (3,263) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 405.75 245.06 Td (3,263) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 473.00 245.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.75 245.06 Td (\(3,263) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.00 245.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 231.06 Td (Total investment balance, equity earnings and cash) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 222.06 Td (distributions) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 267.45 222.06 Td (12/31/2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 324.00 222.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 361.00 222.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 380.00 222.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 405.75 222.06 Td (8,651) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 436.00 222.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 461.75 222.06 Td (8,651) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 492.00 222.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.75 222.06 Td (\(3,263) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.00 222.06 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 201.10 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 63.98 201.10 Td (The amounts of the Company's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 191.04 201.10 Td (42.5%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 216.87 201.10 Td ( proportionate share of net income as shown in the table above dif) Tj ET Q q 0 0 0 rg BT 480.50 201.10 Td (fer from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 189.10 Td (mathematical calculations of the Company) Tj ET Q q 0 0 0 rg BT 223.83 189.10 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 230.22 189.10 Td (42.5%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.05 189.10 Td ( equity interest in CCS multiplied by the amounts of Net Income available ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 177.10 Td (to Class ) Tj ET Q q 0 0 0 rg BT 83.90 177.10 Td (A) Tj ET Q q 0 0 0 rg BT 90.57 177.10 Td ( members as shown in the table above of CCS results of operations due to adjustments related to the Redeemable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 165.10 Td (Class B preferred return and the elimination of CCS earnings attributable to RCM6, of which the Company owned ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.74 165.10 Td (24.95%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.57 165.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 153.10 Td (during the years ended December 31, 2015 and 2014. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 136.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.44 136.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.03 136.10 Td (, the Company's future proportionate share of CCS' net income must exceed approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.32 136.10 Td ($3.3 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 124.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 124.10 Td ( before the Company can recognize any earnings from CCS, unless future, non-refundable cash distributions occur) Tj ET Q q 0 0 0 rg BT 536.97 124.10 Td (, in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 112.10 Td (which event such distributions would be recognized as earnings from CCS in the Company's consolidated statement of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 100.10 Td (operations. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 83.10 Td (Additional information related to CCS pursuant to Regulation S-X Rule 3-09 is included within Item 15 of this Form 10-K. ) Tj ET Q endstream endobj 187 0 obj <> endobj 188 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (90) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 740.7669921875 m 194.169921875 740.7669921875 l s q 0 0 0 rg BT 50.00 742.10 Td (Clean Coal Solutions Services, LLC) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 725.10 Td (In 2010, the Company) Tj ET Q q 0 0 0 rg BT 138.78 725.10 Td (, together with NexGen, formed CCSS for the purpose of operating the RC facilities. ) Tj ET Q q 0 0 0 rg BT 479.92 725.10 Td (The Company has ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 713.10 Td (determined that CCSS is not a ) Tj ET Q q 0 0 0 rg BT 173.14 713.10 Td (VIE and has evaluated the consolidation analysis under the ) Tj ET Q q 0 0 0 rg BT 411.50 713.10 Td (V) Tj ET Q q 0 0 0 rg BT 417.44 713.10 Td (oting Interest Model. ) Tj ET Q q 0 0 0 rg BT 503.91 713.10 Td (The Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 701.10 Td (has a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.77 701.10 Td (50%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.10 701.10 Td ( voting and economic interest in CCSS, which is equivalent to the voting and economic interest of NexGen. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 689.10 Td (Therefore, as the Company does not have greater than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.80 689.10 Td (50%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.13 689.10 Td ( of the outstanding voting interests, either directly or indirectly) Tj ET Q q 0 0 0 rg BT 537.53 689.10 Td (, it ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 677.10 Td (has accounted for the investment under the equity method of accounting. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 656.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.44 656.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.03 656.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.47 656.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 192.47 656.10 Td (, the Company) Tj ET Q q 0 0 0 rg BT 253.85 656.10 Td (s ownership in CCSS was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.69 656.10 Td (50%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.02 656.10 Td (. ) Tj ET Q q 0 0 0 rg BT 382.84 656.10 Td (The Company) Tj ET Q q 0 0 0 rg BT 442.55 656.10 Td (s investment in CCSS as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 644.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.58 644.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 148.02 644.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 168.02 644.10 Td ( was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 188.57 644.10 Td ($4.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.47 644.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.90 644.10 Td ($4.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.80 644.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 358.46 644.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 623.10 Td (The following tables summarize the assets, liabilities and results of operations of CCSS:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 582.60 364.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 582.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 582.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 582.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 582.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 552.60 364.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 552.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 552.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 552.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 552.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 522.60 364.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 522.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 522.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 522.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 522.60 70.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 597.6 m 488.5 597.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 597.6 m 492.5 597.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 597.6 m 562.5 597.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 582.6 m 414.5 582.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 597.6 m 488.5 597.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 582.6 m 488.5 582.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 597.6 m 562.5 597.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 582.6 m 562.5 582.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 582.6 m 414.5 582.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 582.6 m 562.5 582.6 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 601.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 456.95 601.83 Td (As of December 31,) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 53.00 586.85 Td (\(in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 445.00 586.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 519.00 586.83 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 573.17 Td (Current assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 572.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.15 572.27 Td (186,959) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 572.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 572.27 Td (215,944) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 558.17 Td (Non-current assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 557.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 557.27 Td (3,704) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 557.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 557.27 Td (12,623) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 543.17 Td (Current liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 542.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 542.27 Td (92,675) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 542.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 542.27 Td (127,858) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 528.17 Td (Non-current liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 527.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 527.27 Td (1,366) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 527.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 527.27 Td (1,214) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 513.17 Td (Equity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 512.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 512.27 Td (7,936) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 512.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 512.27 Td (8,298) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 498.17 Td (Noncontrolling interests) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 497.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 497.27 Td (88,686) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 497.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 497.27 Td (91,197) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 448.60 290.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 448.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 448.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 448.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 448.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 448.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 448.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 418.60 290.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 418.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 418.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 418.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 418.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 418.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 418.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 388.60 290.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 388.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 388.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 388.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 388.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 388.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 388.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 358.60 290.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 358.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 358.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 358.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 358.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 358.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 358.60 70.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 469.6 m 414.5 469.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 469.6 m 418.5 469.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 469.6 m 488.5 469.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 469.6 m 492.5 469.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 469.6 m 562.5 469.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 448.6 m 340.5 448.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 448.6 m 414.5 448.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 469.6 m 488.5 469.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 448.6 m 488.5 448.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 469.6 m 562.5 469.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 448.6 m 562.5 448.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 448.6 m 340.5 448.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 448.6 m 414.5 448.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 448.6 m 488.5 448.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 448.6 m 562.5 448.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 418.6 m 414.5 418.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 418.6 m 488.5 418.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 418.6 m 562.5 418.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 418.6 m 414.5 418.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 418.6 m 488.5 418.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 418.6 m 562.5 418.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 373.6 m 414.5 373.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 373.6 m 488.5 373.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 358.6 m 488.5 358.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 373.6 m 562.5 373.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 358.6 m 562.5 358.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 358.6 m 414.5 358.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 344.6 m 414.5 344.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 342.6 m 414.5 342.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 358.6 m 488.5 358.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 344.6 m 488.5 344.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 342.6 m 488.5 342.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 358.6 m 562.5 358.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 344.6 m 562.5 344.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 342.6 m 562.5 342.6 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 473.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 407.05 473.83 Td (Years Ended December 31,) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 53.00 452.85 Td (\(in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 371.00 452.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 445.00 452.83 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 519.00 452.83 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 438.27 Td (Gross margin \(loss\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.00 438.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.80 438.32 Td (\(42,496) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.65 438.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 438.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.80 438.32 Td (\(22,168) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 438.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 438.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.80 438.32 Td (\(11,055) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 438.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 423.27 Td (Operating expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.15 423.27 Td (161,456) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.15 423.27 Td (102,757) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 423.27 Td (63,247) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 408.27 Td (Loss from operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.80 408.32 Td (\(203,952) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.65 408.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.80 408.32 Td (\(124,925) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 408.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.80 408.32 Td (\(74,302) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 408.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 393.27 Td (Other expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.30 393.32 Td (\(118) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.65 393.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.30 393.32 Td (\(62) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 393.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.30 393.32 Td (\(134) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 393.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 378.27 Td (Loss attributable to noncontrolling interest) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.15 378.27 Td (213,746) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.15 378.27 Td (132,237) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 378.27 Td (77,814) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 363.27 Td (Net income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.00 363.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.15 363.27 Td (9,676) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 363.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 363.27 Td (7,250) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 363.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 363.27 Td (3,378) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 348.27 Td (ADES equity earnings from CCSS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.00 348.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.15 348.27 Td (4,838) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 348.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 348.27 Td (3,625) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 348.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 348.27 Td (1,689) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 323.10 Td (Included within the Consolidated Statement of Operations of CCSS during the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.32 323.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.91 323.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.91 323.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.91 323.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.35 323.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.35 323.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 311.10 Td (were losses related to ) Tj ET Q q 0 0 0 rg BT 138.12 311.10 Td (VIE entities that are consolidated with CCSS of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.98 311.10 Td ($213.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.87 311.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.87 311.10 Td ($132.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.76 311.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.20 311.10 Td ($77.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.09 311.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 299.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 97.66 299.10 Td (. ) Tj ET Q q 0 0 0 rg BT 102.48 299.10 Td (These losses do not impact the Company's equity earnings from CCSS as 100% of those losses are attributable to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 287.10 Td (a noncontrolling interest, and eliminated in the calculations of CCSS' net income attributable to our interest. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 270.10 Td (CCSS did not meet the significant subsidiary test provided in Regulations S-X Rule 1-02 \(w\) in that the Company's equity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 258.10 Td (earnings for the year ended December 31, 2015 or the year ended December 31, 2013 did not exceeded 20% of the Company's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 246.10 Td (consolidated income from continuing operations before income taxes. However) Tj ET Q q 0 0 0 rg BT 368.11 246.10 Td (, CCSS did meet the significant subsidiary test ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 234.10 Td (for the year ended December 31, 2014 and therefore additional information related to CCSS pursuant to Regulation S-X Rule ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 222.10 Td (3-09 is included within Item 15 of this Form 10-K. ) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 203.76699218750002 m 98.9013671875 203.76699218750002 l s q 0 0 0 rg BT 50.00 205.10 Td (RCM6, LLC) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 188.10 Td (On February 10, 2014, the Company purchased a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.40 188.10 Td (24.95%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.23 188.10 Td ( membership interest in RCM6, LLC \("RCM6"\), which owns and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 176.10 Td (operates a single RC facility that produces RC that qualifies for Section 45 tax credits, from CCS through an up-front payment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 164.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.83 164.10 Td ($2.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.72 164.10 Td ( and an initial note payable to CCS of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.75 164.10 Td ($13.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.64 164.10 Td (, payable over ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.50 164.10 Td (seven) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.27 164.10 Td ( years. Due to the payment terms of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 152.10 Td (note purchase agreement, the note payable periodically adds interest to the note payable balance and as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.38 152.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.96 152.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 140.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.94 140.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.94 140.10 Td (, was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.99 140.10 Td ($14.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.88 140.10 Td (. In addition to the up front and note payments, the Company is also subject to quarterly capital ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 128.10 Td (calls and variable payments based upon dif) Tj ET Q q 0 0 0 rg BT 221.99 128.10 Td (ferences in originally forecasted RC production as of the purchase date and actual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 116.10 Td (quarterly production. During the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 232.44 116.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.03 116.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.46 116.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.46 116.10 Td (, the Company paid aggregate capital calls and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 104.10 Td (variable payments totaling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.58 104.10 Td ($2.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 207.47 104.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.91 104.10 Td ($4.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.80 104.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 328.46 104.10 Td (. RCM6 has been determined to be a ) Tj ET Q q 0 0 0 rg BT 476.86 104.10 Td (VIE; however) Tj ET Q q 0 0 0 rg BT 532.82 104.10 Td (, the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 92.10 Td (Company does not have the power to direct the activities that most significantly impact the variable interest entity) Tj ET Q q 0 0 0 rg BT 508.49 92.10 Td (s economic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 80.10 Td (performance and has therefore accounted for the investment under the equity method of accounting.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 59.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.44 59.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.03 59.10 Td (, the Company) Tj ET Q q 0 0 0 rg BT 214.41 59.10 Td (s ownership in RCM6 was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.02 59.10 Td (24.95%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.85 59.10 Td (. ) Tj ET Q q 0 0 0 rg BT 358.67 59.10 Td (The Company) Tj ET Q q 0 0 0 rg BT 418.38 59.10 Td (s investment in RCM6 as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 47.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.58 47.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 148.02 47.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 168.02 47.10 Td ( was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 188.57 47.10 Td ($13.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.47 47.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.90 47.10 Td ($15.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 315.80 47.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 368.46 47.10 Td (.) Tj ET Q endstream endobj 189 0 obj <> endobj 190 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (91) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (The following tables summarize the assets, liabilities and results of operations of RCM6:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 701.60 364.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 701.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 701.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 701.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 701.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 671.60 364.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 671.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 671.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 671.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 671.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 641.60 364.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 641.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 641.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 641.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 641.60 70.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 716.6 m 488.5 716.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 716.6 m 492.5 716.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 716.6 m 562.5 716.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 701.6 m 414.5 701.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 701.6 m 488.5 701.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 701.6 m 562.5 701.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 701.6 m 414.5 701.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 701.6 m 488.5 701.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 701.6 m 562.5 701.6 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 720.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 456.95 720.83 Td (As of December 31,) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 53.00 705.85 Td (\(in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 445.00 705.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 519.00 705.83 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 692.17 Td (Current assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 691.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 691.27 Td (12,240) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 691.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 691.27 Td (11,566) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 677.17 Td (Non-current assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 676.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 676.27 Td (2,472) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 676.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 676.27 Td (2,608) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 662.17 Td (Current liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 661.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 661.27 Td (1,489) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 661.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 661.27 Td (1,534) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 647.17 Td (Non-current liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 646.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 646.27 Td (7,649) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 646.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 646.27 Td (7,105) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 632.17 Td (Equity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 631.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 631.27 Td (5,574) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 631.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 631.27 Td (5,535) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 582.60 364.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 582.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 582.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 582.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 582.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 552.60 364.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 552.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 552.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 552.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 552.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 522.60 364.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 522.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 522.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 522.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 522.60 70.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 603.6 m 488.5 603.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 603.6 m 562.5 603.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 582.6 m 414.5 582.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 582.6 m 488.5 582.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 603.6 m 562.5 603.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 582.6 m 562.5 582.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 582.6 m 414.5 582.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 582.6 m 488.5 582.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 582.6 m 562.5 582.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 552.6 m 488.5 552.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 552.6 m 562.5 552.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 552.6 m 488.5 552.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 552.6 m 562.5 552.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 522.6 m 488.5 522.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 522.6 m 562.5 522.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 507.6 m 562.5 507.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 507.6 m 488.5 507.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 493.6 m 488.5 493.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 491.6 m 488.5 491.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 493.6 m 562.5 493.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 491.6 m 562.5 491.6 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 607.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 446.60 607.83 Td (Year ended December 31,) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 53.00 586.85 Td (\(in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 445.00 586.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 519.00 586.83 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 572.27 Td (Gross margin \(loss\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 572.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.80 572.32 Td (\(7,877) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 572.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 572.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.80 572.32 Td (\(8,257) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 572.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 557.27 Td (Operating expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 557.27 Td (2,178) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 557.27 Td (2,123) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 542.27 Td (Loss from operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.80 542.32 Td (\(10,055) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 542.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.80 542.32 Td (\(10,380) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 542.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 527.27 Td (Other expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.30 527.32 Td (\(641) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 527.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.30 527.32 Td (\(666) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 527.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 512.27 Td (Net loss) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 512.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.80 512.32 Td (\(10,696) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 512.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 512.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.80 512.32 Td (\(11,046) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 512.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 497.27 Td (ADES equity loss from RCM6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 497.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.80 497.32 Td (\(4,568) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 497.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 497.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.80 497.32 Td (\(4,497) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 497.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 472.10 Td (The purchase of RCM6 resulted in the Company recording a basis dif) Tj ET Q q 0 0 0 rg BT 328.36 472.10 Td (ference related to property) Tj ET Q q 0 0 0 rg BT 433.49 472.10 Td (, plant and equipment and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 460.10 Td (identifiable intangible assets. ) Tj ET Q q 0 0 0 rg BT 168.68 460.10 Td (The amount by which the total of the Company's investment in RCM6 exceeded is proportionate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 448.10 Td (share of the investee's net assets, recorded within the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.40 448.10 Td (Equity method investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.83 448.10 Td ( line item in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.10 448.10 Td (Consolidated Balance Sheets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.18 448.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 436.10 Td (as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.66 436.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 150.24 436.10 Td ( is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.91 436.10 Td ($1) Tj ET Q q 0 0 0 rg BT 171.54 436.10 Td (1.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 215.43 436.10 Td (. ) Tj ET Q q 0 0 0 rg BT 220.25 436.10 Td (The dif) Tj ET Q q 0 0 0 rg BT 249.23 436.10 Td (ference between the Company's proportionate share of RCM6's net loss and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 424.10 Td (the Company's equity losses noted above relates to this depreciation and amortization. For the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.08 424.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 556.66 424.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 412.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.94 412.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.94 412.10 Td (, the Company decreased its equity method earnings in RCM6 by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.78 412.10 Td ($1.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.67 412.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.11 412.10 Td ($1.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.00 412.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 520.66 412.10 Td (, due to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 400.10 Td (the basis dif) Tj ET Q q 0 0 0 rg BT 98.14 400.10 Td (ference. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 383.10 Td (As further discussed in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 144.43 383.10 Td (Note 22) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 176.37 383.10 Td (, during March 2016, the Company sold its entire ownership interest in RCM6 to a third party ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 371.10 Td (who already owned a portion of RCM6. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 354.10 Td (Additional information related to RCM6 pursuant to Regulation S-X Rule 3-09 is included within Item 15 of this Form 10-K.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 337.10 Td (The following table details the carrying value of the Company's respective equity method investments included within the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 325.10 Td (Equity method investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 159.43 325.10 Td ( line item on the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.92 325.10 Td (Consolidated Balance Sheets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.00 325.10 Td ( and indicates the Company's maximum exposure to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 313.10 Td (loss:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 272.60 364.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 272.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 272.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 272.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 272.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 242.60 364.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 242.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 242.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 242.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 242.60 70.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 287.6 m 487.5 287.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 287.6 m 491.5 287.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 287.6 m 561.5 287.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 272.6 m 413.5 272.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 287.6 m 487.5 287.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 272.6 m 487.5 272.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 287.6 m 491.5 287.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 287.6 m 561.5 287.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 272.6 m 561.5 272.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 272.6 m 413.5 272.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 272.6 m 487.5 272.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 272.6 m 561.5 272.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 227.60000000000002 m 487.5 227.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 213.60000000000002 m 487.5 213.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 211.60000000000002 m 487.5 211.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 227.60000000000002 m 561.5 227.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 213.60000000000002 m 561.5 213.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 211.60000000000002 m 561.5 211.60000000000002 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 291.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 455.95 291.83 Td (As of December 31,) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 52.00 276.85 Td (\(in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 444.00 276.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 518.00 276.83 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 263.17 Td (Equity method investment in CCS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.00 262.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.65 262.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.00 262.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 262.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 248.17 Td (Equity method investment in CCSS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 247.27 Td (3,968) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 247.27 Td (4,149) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 233.17 Td (Equity method investment in RCM6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 232.27 Td (13,264) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 232.27 Td (15,435) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 217.27 Td (Total equity method investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.00 217.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 217.27 Td (17,232) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.00 217.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 217.27 Td (19,584) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 192.10 Td (The Company evaluates the investments for impairment whenever events or changes in circumstances indicate that the carrying ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 180.10 Td (amount of the investment might not be recoverable. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.11 180.10 Td (No) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.33 180.10 Td ( impairments were recorded during the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.02 180.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.61 180.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 168.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 168.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.44 168.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.44 168.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 162.10 168.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 144.10 Td (The following table details the components of the Company's respective earnings or loss from equity method investments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 132.10 Td (included within the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 129.71 132.10 Td (Earnings from equity method investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.46 132.10 Td ( line item on the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.94 132.10 Td (Consolidated Statements of Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.30 132.10 Td (:) Tj ET Q endstream endobj 191 0 obj <> endobj 192 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (92) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 722.50 290.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 722.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 722.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 722.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 722.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 722.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 722.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 692.50 290.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 692.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 692.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 692.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 692.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 692.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 692.50 70.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 735.5 m 413.5 735.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 722.5 m 339.5 722.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 735.5 m 413.5 735.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 722.5 m 413.5 722.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 735.5 m 487.5 735.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 722.5 m 487.5 722.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 735.5 m 561.5 735.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 722.5 m 561.5 722.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 722.5 m 487.5 722.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 722.5 m 561.5 722.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 677.5 m 413.5 677.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 663.5 m 413.5 663.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 661.5 m 413.5 661.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 677.5 m 487.5 677.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 663.5 m 487.5 663.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 661.5 m 487.5 661.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 677.5 m 561.5 677.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 663.5 m 561.5 663.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 661.5 m 561.5 661.5 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 408.60 739.73 Td (Year ended December 31,) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 52.00 726.75 Td (\(in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 370.00 726.73 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 444.00 726.73 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 518.00 726.73 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 713.07 Td (Earnings from CCS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.00 712.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.15 712.17 Td (8,651) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.00 712.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 712.17 Td (43,584) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.00 712.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 712.17 Td (13,813) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 698.07 Td (Earnings from CCSS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.15 697.17 Td (4,838) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 697.17 Td (3,625) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 697.17 Td (1,689) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 683.07 Td (Loss from RCM6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.80 682.22 Td (\(4,568) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.65 682.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.80 682.22 Td (\(4,497) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.65 682.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 682.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 667.17 Td (Earnings from equity method investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.00 667.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.15 667.17 Td (8,921) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.00 667.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 667.17 Td (42,712) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.00 667.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 667.17 Td (15,502) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 639.00 Td (The following table details the components of additional cash investments related to the Company's respective equity method ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 627.00 Td (investments included within the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 179.98 627.00 Td (Consolidated Statements of Cash Flows) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.42 627.00 Td (:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 590.50 288.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.50 590.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 590.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 590.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.50 590.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 590.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 590.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 560.50 288.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.50 560.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 560.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 560.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.50 560.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 560.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 560.50 70.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 603.5 m 412.5 603.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 590.5 m 338.5 590.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 603.5 m 412.5 603.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 590.5 m 412.5 590.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 603.5 m 486.5 603.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 590.5 m 486.5 590.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 603.5 m 560.5 603.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 590.5 m 560.5 590.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 590.5 m 486.5 590.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 590.5 m 560.5 590.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 560.5 m 412.5 560.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 546.5 m 412.5 546.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 544.5 m 412.5 544.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 560.5 m 486.5 560.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 546.5 m 486.5 546.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 544.5 m 486.5 544.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 560.5 m 560.5 560.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 546.5 m 560.5 546.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 544.5 m 560.5 544.5 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 407.60 607.73 Td (Year ended December 31,) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 53.00 594.75 Td (\(in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 369.00 594.73 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 443.00 594.73 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 517.00 594.73 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 581.07 Td (Purchase of RCM6 interest from CCS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.00 580.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.65 580.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.00 580.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.15 580.17 Td (3,153) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.00 580.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.65 580.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 566.07 Td (Contributions to RCM6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.15 565.17 Td (2,398) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.15 565.17 Td (3,478) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.65 565.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 550.17 Td (Purchase of and contributions to equity method investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.00 550.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.15 550.17 Td (2,398) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.00 550.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.15 550.17 Td (6,631) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.00 550.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.65 550.17 Td () Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 522.00 Td (The following table details the components of the cash distributions from the Company's respective equity method investments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 510.00 Td (included within the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 129.71 510.00 Td (Consolidated Statements of Cash Flows) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.15 510.00 Td (. Distributions from equity method investees are reported on our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 498.00 Td (Consolidated Statements of Cash Flows) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.44 498.00 Td ( as return on investment within Operating cash flows until such time as the carrying ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 486.00 Td (value in an equity method investee company is reduced to zero; thereafter) Tj ET Q q 0 0 0 rg BT 344.76 486.00 Td (, such distributions are reported as distributions in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 474.00 Td (excess of cumulative earnings within Investing cash flows.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 437.50 288.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.50 437.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 437.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 437.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.50 437.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 437.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 437.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 407.50 288.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.50 407.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 407.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 407.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.50 407.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 407.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 407.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 367.50 288.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.50 367.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 367.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 367.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.50 367.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 367.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 367.50 70.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 450.5 m 412.5 450.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 437.5 m 338.5 437.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 450.5 m 412.5 450.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 437.5 m 412.5 437.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 450.5 m 486.5 450.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 437.5 m 486.5 437.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 450.5 m 560.5 450.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 437.5 m 560.5 437.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 437.5 m 338.5 437.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 437.5 m 486.5 437.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 437.5 m 560.5 437.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 407.5 m 412.5 407.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 393.5 m 412.5 393.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 391.5 m 412.5 391.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 407.5 m 486.5 407.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 393.5 m 486.5 393.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 391.5 m 486.5 391.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 407.5 m 560.5 407.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 393.5 m 560.5 393.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 391.5 m 560.5 391.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 352.5 m 412.5 352.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 338.5 m 412.5 338.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 336.5 m 412.5 336.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 352.5 m 486.5 352.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 338.5 m 486.5 338.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 336.5 m 486.5 336.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 352.5 m 560.5 352.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 338.5 m 560.5 338.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 336.5 m 560.5 336.5 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 407.60 454.73 Td (Year ended December 31,) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 53.00 441.75 Td (\(in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 369.00 441.73 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 443.00 441.73 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 517.00 441.73 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 428.07 Td (Distributions from equity method investees, return on investment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 413.07 Td (CCSS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.00 412.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.15 412.17 Td (5,019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.00 412.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.15 412.17 Td (2,509) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.00 412.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 551.65 412.17 Td (5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 397.17 Td (Included in Operating Cash Flows) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.00 397.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.15 397.17 Td (5,019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.00 397.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.15 397.17 Td (2,509) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.00 397.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 551.65 397.17 Td (5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 383.07 Td (Distributions from equity method investees in excess of cumulative) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 373.07 Td (earnings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 358.07 Td (CCS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.00 357.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.15 357.17 Td (8,651) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.00 357.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.15 357.17 Td (43,584) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.00 357.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.15 357.17 Td (13,813) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 342.17 Td (Included in Investing Cash Flows) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.00 342.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.15 342.17 Td (8,651) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.00 342.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.15 342.17 Td (43,584) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.00 342.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.15 342.17 Td (13,813) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 50 310.43505859375 m 77.490234375 310.43505859375 l s q 0 0 0 rg BT 50.00 312.00 Td (Note 8) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 77.490234375 310.43505859375 m 138.0615234375 310.43505859375 l s q 0 0 0 rg BT 77.49 312.00 Td ( - ) Tj ET Q q 0 0 0 rg BT 85.27 312.00 Td (Acquisitions) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 286.6669921875 m 117.87109375 286.6669921875 l s q 0 0 0 rg BT 50.00 288.00 Td (2015 ) Tj ET Q q 0 0 0 rg BT 72.32 288.00 Td (Acquisition) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 264.00 Td (On ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.72 264.00 Td (November20, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 144.43 264.00 Td (, the Company entered into an agreement with InSyst Ltd. and ClearV) Tj ET Q q 0 0 0 rg BT 424.03 264.00 Td (iew Monitoring Solutions Ltd. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 252.00 Td (\(collectively "ClearV) Tj ET Q q 0 0 0 rg BT 134.83 252.00 Td (iew"\), both Israel-based companies specializing in data analytics, to allow the Company the exclusive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 240.00 Td (option to purchase certain assets of ClearV) Tj ET Q q 0 0 0 rg BT 221.01 240.00 Td (iew) Tj ET Q q 0 0 0 rg BT 234.80 240.00 Td (. ) Tj ET Q q 0 0 0 rg BT 239.62 240.00 Td (The Company paid ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.77 240.00 Td ($0.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.66 240.00 Td ( related to this option, which was included ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 228.00 Td (within the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 92.77 228.00 Td (Prepaid expenses and other assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.73 228.00 Td ( line item within the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.78 228.00 Td (Consolidated Balance Sheets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.86 228.00 Td ( as of December 31, 2014. ) Tj ET Q q 0 0 0 rg BT 536.92 228.00 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 216.00 Td (cost of the option would be applied to the future purchase price if applicable. On ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.90 216.00 Td (January12, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.50 216.00 Td (, the Company notified ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 204.00 Td (ClearV) Tj ET Q q 0 0 0 rg BT 78.28 204.00 Td (iew that it had elected to exercise its exclusive option to purchase certain assets of ClearV) Tj ET Q q 0 0 0 rg BT 437.27 204.00 Td (iew) Tj ET Q q 0 0 0 rg BT 451.06 204.00 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 180.00 Td (On ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.72 180.00 Td (March6, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 123.32 180.00 Td (, the Company acquired the certain assets of InSyst Ltd. and ClearV) Tj ET Q q 0 0 0 rg BT 394.59 180.00 Td (iew Monitoring Solutions Ltd., to be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 168.00 Td (operated under the Company's wholly-owned subsidiary ) Tj ET Q q 0 0 0 rg BT 277.31 168.00 Td (ADA) Tj ET Q q 0 0 0 rg BT 298.43 168.00 Td ( ) Tj ET Q q 0 0 0 rg BT 300.38 168.00 Td (Analytics, for total cash payments of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.06 168.00 Td ($2.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.95 168.00 Td ( which is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 156.00 Td (inclusive of value-add tax \("V) Tj ET Q q 0 0 0 rg BT 169.42 156.00 Td (A) Tj ET Q q 0 0 0 rg BT 175.53 156.00 Td (T) Tj ET Q q 0 0 0 rg BT 181.46 156.00 Td ( tax"\) of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 216.92 156.00 Td ($0.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.81 156.00 Td (. ) Tj ET Q q 0 0 0 rg BT 270.63 156.00 Td (The acquisition was accounted for under the acquisition method of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 144.00 Td (accounting, which requires the total purchase consideration to be allocated to the assets acquired and liabilities assumed, based ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 132.00 Td (on estimates of fair value. Operating results related to the acquired assets were consolidated into the Company) Tj ET Q q 0 0 0 rg BT 494.03 132.00 Td (s results of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 120.00 Td (operations beginning ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.65 120.00 Td (March6, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 195.25 120.00 Td (. ) Tj ET Q endstream endobj 193 0 obj <> endobj 194 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (93) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (A) Tj ET Q q 0 0 0 rg BT 56.67 742.10 Td ( summary of the purchase consideration and allocation of the purchase consideration is as follows: ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 716.60 410.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 460.50 716.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.50 716.60 98.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 686.60 410.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 460.50 686.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.50 686.60 98.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 656.60 410.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 460.50 656.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.50 656.60 98.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 626.60 410.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 460.50 626.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.50 626.60 98.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 596.60 410.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 460.50 596.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.50 596.60 98.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 566.60 410.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 460.50 566.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.50 566.60 98.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 536.60 410.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 460.50 536.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.50 536.60 98.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 641.6 m 562.5 641.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 626.6 m 562.5 626.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 597.6 m 562.5 597.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 595.6 m 562.5 595.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 521.6 m 562.5 521.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 507.6 m 562.5 507.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 505.6 m 562.5 505.6 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 720.85 Td () Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 490.00 720.85 Td (\(inthousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 706.27 Td (Purchase consideration:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 691.27 Td (Cash paid) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.00 691.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 691.27 Td (2,360) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 677.17 Td (Fair value of liabilities assumed:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 662.17 Td (Accrued liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 661.27 Td (10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 647.17 Td (Contingent consideration) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 646.27 Td (451) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 632.17 Td (Total fair value of liabilities assumed) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 631.27 Td (461) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 602.17 Td (Total purchase consideration) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.00 601.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 601.27 Td (2,821) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 572.17 Td (Allocation of purchase consideration) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 557.17 Td (Receivables) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.00 556.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 556.27 Td (360) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 542.17 Td (Property and equipment and other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 541.27 Td (82) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 527.17 Td (Intangibles - in process research and development) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 526.27 Td (2,379) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 512.17 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.00 511.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 511.27 Td (2,821) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (The transaction called for a series of contingent payments based upon the achievement of certain predetermined sales tar) Tj ET Q q 0 0 0 rg BT 532.12 490.10 Td (gets ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (and the completion of certain sales transactions. ) Tj ET Q q 0 0 0 rg BT 244.20 478.10 Td (These contingent payments were classified as contingent consideration. ) Tj ET Q q 0 0 0 rg BT 532.17 478.10 Td (As part ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (of the purchase price, the Company recorded a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 239.09 466.10 Td ($0.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.98 466.10 Td ( liability for the contingent consideration based upon the net present ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (value of the Company's estimate of the future payments.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 437.10 Td (During ) Tj ET Q q 0 0 0 rg BT 80.28 437.10 Td (August 2015, as part of a broader strategic restructuring discussed above, the Company) Tj ET Q q 0 0 0 rg BT 432.41 437.10 Td (s management approved an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 425.10 Td (action to wind down operations of ) Tj ET Q q 0 0 0 rg BT 188.87 425.10 Td (ADA) Tj ET Q q 0 0 0 rg BT 209.98 425.10 Td ( ) Tj ET Q q 0 0 0 rg BT 211.93 425.10 Td (Analytics. ) Tj ET Q q 0 0 0 rg BT 254.70 425.10 Td (At that time, the predetermined sales tar) Tj ET Q q 0 0 0 rg BT 414.74 425.10 Td (gets had not yet been achieved. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 413.10 Td (Restructuring char) Tj ET Q q 0 0 0 rg BT 123.96 413.10 Td (ges related to these actions are included within ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.34 413.10 Td (Note 2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.28 413.10 Td (. ) Tj ET Q q 0 0 0 rg BT 344.73 413.10 Td (As a result of these actions, the Company fully ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 401.10 Td (impaired the carrying value of the assets and recognized impairment expense of approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.80 401.10 Td ($2.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.69 401.10 Td (. ) Tj ET Q q 0 0 0 rg BT 485.51 401.10 Td (The impairment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 389.10 Td (expense was partially of) Tj ET Q q 0 0 0 rg BT 146.73 389.10 Td (fset by a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 183.11 389.10 Td ($0.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 232.00 389.10 Td ( gain that was recognized upon the write-of) Tj ET Q q 0 0 0 rg BT 405.37 389.10 Td (f of the contingent consideration. ) Tj ET Q q 0 0 0 rg BT 540.15 389.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 377.10 Td (net amount of these was included as a component of research and development expense in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.49 377.10 Td (Note 6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.42 377.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 50 349.53505859375 m 77.490234375 349.53505859375 l s q 0 0 0 rg BT 50.00 351.10 Td (Note 9) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 77.490234375 349.53505859375 m 202.1044921875 349.53505859375 l s q 0 0 0 rg BT 77.49 351.10 Td ( - Related Party ) Tj ET Q q 0 0 0 rg BT 147.29 351.10 Td (T) Tj ET Q q 0 0 0 rg BT 153.21 351.10 Td (ransactions) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 332.7669921875 m 136.904296875 332.7669921875 l s q 0 0 0 rg BT 50.00 334.10 Td (Accounts Receivables) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 313.10 Td (The following table shows the Company's receivable balance associated with related parties, as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.17 313.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.75 313.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 301.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 301.10 Td (, respectively:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 260.60 364.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 260.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 260.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 260.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 260.60 70.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 275.6 m 488.5 275.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 275.6 m 492.5 275.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 275.6 m 562.5 275.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 260.6 m 414.5 260.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 275.6 m 488.5 275.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 260.6 m 488.5 260.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 275.6 m 562.5 275.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 260.6 m 562.5 260.6 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 279.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 456.95 279.83 Td (As of December 31,) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 53.00 264.85 Td (\(in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 445.00 264.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 519.00 264.83 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 251.17 Td (Receivable from related party - CCS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 250.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 250.27 Td (1,918) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 250.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 250.27 Td (1,439) Tj ET Q BT /F1 10.00 Tf ET BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 227.76699218750002 m 218.662109375 227.76699218750002 l s q 0 0 0 rg BT 50.00 229.10 Td (Accounts Payable and ) Tj ET Q q 0 0 0 rg BT 141.74 229.10 Td (Advanced Deposits) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 208.10 Td (The following table shows the Company's payable balance associated with related parties, exclusive of amounts owed to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 196.10 Td (employees and directors in the normal course of business, as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.49 196.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.07 196.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.51 196.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.51 196.10 Td (, respectively:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 155.60 364.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 155.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 155.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 155.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 155.60 70.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 170.60000000000002 m 488.5 170.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 170.60000000000002 m 492.5 170.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 170.60000000000002 m 562.5 170.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 155.60000000000002 m 414.5 155.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 170.60000000000002 m 488.5 170.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 155.60000000000002 m 488.5 155.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 170.60000000000002 m 562.5 170.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 155.60000000000002 m 562.5 155.60000000000002 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 174.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 456.95 174.83 Td (As of December 31,) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 53.00 159.85 Td (\(in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 445.00 159.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 519.00 159.83 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 146.17 Td (Payable to related party - RCM6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 145.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.65 145.27 Td (270) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 145.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 145.27 Td () Tj ET Q BT /F1 10.00 Tf ET endstream endobj 195 0 obj <> endobj 196 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (94) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (Prior to 2014, the Company received advanced payments totaling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.38 742.10 Td ($10.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.27 742.10 Td ( for M-45) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 407.15 746.63 Td (TM) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.90 742.10 Td ( technology royalties from CCS. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (These advanced payments are partially applied against royalties earned and therefore reduce future cash payments to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (Company) Tj ET Q q 0 0 0 rg BT 88.24 718.10 Td (. ) Tj ET Q q 0 0 0 rg BT 93.06 718.10 Td (The following table shows the Company's remaining advanced deposit balance, as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.60 718.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.18 718.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.62 718.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.62 718.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (respectively:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 665.60 364.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 665.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 665.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 665.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 665.60 70.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 680.6 m 488.5 680.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 680.6 m 492.5 680.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 680.6 m 562.5 680.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 665.6 m 414.5 665.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 680.6 m 488.5 680.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 665.6 m 488.5 665.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 680.6 m 492.5 680.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 680.6 m 562.5 680.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 665.6 m 562.5 665.6 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 684.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 456.95 684.83 Td (As of December 31,) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 53.00 669.85 Td (\(in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 445.00 669.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 519.00 669.83 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 656.17 Td (Advance deposit from related party - CCS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 655.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 655.27 Td (2,981) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 655.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 655.27 Td (6,524) Tj ET Q BT /F1 10.00 Tf ET BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 632.7669921875 m 87.75390625 632.7669921875 l s q 0 0 0 rg BT 50.00 634.10 Td (Revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 613.10 Td (The following table shows the revenues associated with related parties, recognized by the Company during the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 601.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.58 601.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.58 601.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.58 601.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.02 601.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.02 601.10 Td (, respectively: ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 554.60 289.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 554.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 554.60 71.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 554.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 554.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 554.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 554.60 70.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 575.6 m 414.5 575.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 575.6 m 488.5 575.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 575.6 m 562.5 575.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 554.6 m 339.5 554.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 554.6 m 414.5 554.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 575.6 m 488.5 575.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 554.6 m 488.5 554.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 575.6 m 562.5 575.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 554.6 m 562.5 554.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 554.6 m 562.5 554.6 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 579.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 406.55 579.83 Td (Years Ended December 31,) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 53.00 558.85 Td (\(in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 370.50 558.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 445.00 558.83 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 519.00 558.83 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 545.17 Td (Revenues from related party - CCS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.00 544.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.65 544.27 Td (55) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 544.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.65 544.27 Td (665) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 544.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 544.27 Td (1,330) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 519.10 Td (The CCS revenues in the table above are included within the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.21 519.10 Td (Consulting services) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.81 519.10 Td ( line in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.80 519.10 Td (Consolidated Statements of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 507.10 Td (Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.88 507.10 Td (.) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 488.7669921875 m 105.2587890625 488.7669921875 l s q 0 0 0 rg BT 50.00 490.10 Td (Other Income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 469.10 Td (The following table shows the other income associated with related parties, recognized by the Company during the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 457.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.58 457.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.58 457.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.58 457.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.02 457.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.02 457.10 Td (, respectively: ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 410.60 289.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 410.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 410.60 71.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 410.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 410.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 410.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 410.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 380.60 289.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 380.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 380.60 71.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 380.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 380.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 380.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 380.60 70.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 431.6 m 414.5 431.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 431.6 m 418.5 431.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 431.6 m 488.5 431.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 431.6 m 492.5 431.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 431.6 m 562.5 431.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 410.6 m 339.5 410.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 410.6 m 414.5 410.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 431.6 m 488.5 431.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 410.6 m 488.5 410.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 431.6 m 562.5 431.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 410.6 m 562.5 410.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 410.6 m 562.5 410.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 365.6 m 414.5 365.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 351.6 m 414.5 351.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 349.6 m 414.5 349.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 365.6 m 488.5 365.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 351.6 m 488.5 351.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 349.6 m 488.5 349.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 365.6 m 562.5 365.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 351.6 m 562.5 351.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 349.6 m 562.5 349.6 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 435.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 406.55 435.83 Td (Years Ended December 31,) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 53.00 414.85 Td (\(in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 370.50 414.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 445.00 414.83 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 519.00 414.83 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 401.17 Td (Royalties, related party - CCS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.00 400.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.15 400.27 Td (10,642) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 400.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 400.27 Td (6,410) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 400.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 400.27 Td (2,505) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 386.17 Td (Interest income, related party - CCS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.65 385.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 385.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 385.27 Td (40) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 371.17 Td (Interest income, related party - CCSS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.65 370.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 370.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 370.27 Td (29) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.00 355.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.15 355.27 Td (10,642) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 355.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 355.27 Td (6,410) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 355.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 355.27 Td (2,574) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 330.10 Td (The above CCS royalties are included within the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 247.17 330.10 Td (Royalties, related party) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.20 330.10 Td ( line in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.19 330.10 Td (Consolidated Statements of Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.55 330.10 Td (.) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 311.7669921875 m 108.0419921875 311.7669921875 l s q 0 0 0 rg BT 50.00 313.10 Td (Notes Payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 296.10 Td (The following table summarizes the Company's notes payable \(net of debt discount and issuance costs\) classified according to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 284.10 Td (payment terms, all of which are with related parties, as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.42 284.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 284.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.44 284.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.44 284.10 Td (, respectively:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 247.60 270.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 320.50 247.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 324.50 247.60 90.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 247.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 247.60 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 247.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 247.60 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 218.60 270.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 320.50 218.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 324.50 218.60 90.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 218.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 218.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 218.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 218.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 189.60 270.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 320.50 189.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 324.50 189.60 90.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 189.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 189.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 189.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 189.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 159.60 270.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 320.50 159.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 324.50 159.60 90.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 159.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 159.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 159.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 159.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 119.60 270.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 320.50 119.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 324.50 119.60 90.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 119.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 119.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 119.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 119.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 89.60 270.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 320.50 89.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 324.50 89.60 90.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 89.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 89.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 89.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 89.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 59.60 270.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 320.50 59.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 324.50 59.60 90.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 59.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 59.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 59.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 59.60 70.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 260.6 m 488.5 260.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 260.6 m 492.5 260.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 260.6 m 562.5 260.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 247.60000000000002 m 320.5 247.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 320.5 247.60000000000002 m 324.5 247.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 324.5 247.60000000000002 m 414.5 247.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 260.6 m 488.5 260.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 247.60000000000002 m 488.5 247.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 260.6 m 562.5 260.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 247.60000000000002 m 562.5 247.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 218.60000000000002 m 488.5 218.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 203.60000000000002 m 488.5 203.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 218.60000000000002 m 562.5 218.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 203.60000000000002 m 562.5 203.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 159.60000000000002 m 488.5 159.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 144.60000000000002 m 488.5 144.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 159.60000000000002 m 562.5 159.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 144.60000000000002 m 562.5 144.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 144.60000000000002 m 562.5 144.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 74.60000000000002 m 488.5 74.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 74.60000000000002 m 562.5 74.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 59.60000000000002 m 488.5 59.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 45.60000000000002 m 488.5 45.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 43.60000000000002 m 488.5 43.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 59.60000000000002 m 562.5 59.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 45.60000000000002 m 562.5 45.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 43.60000000000002 m 562.5 43.60000000000002 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 456.95 264.83 Td (As of December 31,) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 53.00 251.85 Td (\(in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 345.30 251.83 Td (Related Party) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 445.00 251.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 519.00 251.83 Td (2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 238.28 Td (Short-term note payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 223.27 Td (Credit Agreement, net of discount) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.00 223.27 Td (Franklin Mutual) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 223.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 223.27 Td (12,676) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 223.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 223.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 208.27 Td (Total Short-term borrowings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 208.27 Td (12,676) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 208.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 194.28 Td (Current portion of long-term borrowings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 179.27 Td (RCM6 note payable, net of discount) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.00 179.27 Td (CCS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 179.27 Td (1,207) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 179.27 Td (874) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 164.27 Td (DSI Business Owner note payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.00 164.27 Td (DSI Business Owner) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.65 164.27 Td (630) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 164.27 Td (605) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 149.27 Td (Total Current portion of long-term borrowings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 149.27 Td (1,837) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 149.27 Td (1,479) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 134.27 Td (Total Short-term and current portion of long-term) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 124.27 Td (borrowings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 124.27 Td (14,513) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 124.27 Td (1,479) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 109.28 Td (Long-term borrowings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 94.27 Td (RCM6 note payable, net of discount) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.00 94.27 Td (CCS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 94.27 Td (13,023) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 94.27 Td (13,312) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 79.27 Td (DSI Business Owner note payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.00 79.27 Td (DSI Business Owner) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.65 79.27 Td (489) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 79.27 Td (1,119) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 64.27 Td (Total Long-term borrowings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 64.27 Td (13,512) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 64.27 Td (14,431) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 49.27 Td (Total Borrowings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 49.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 49.27 Td (28,025) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 49.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 49.27 Td (15,910) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 197 0 obj <> endobj 198 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (95) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (Cr) Tj ET Q q 0 0 0 rg BT 60.19 742.10 Td (edit ) Tj ET Q q 0 0 0 rg BT 77.50 742.10 Td (Agr) Tj ET Q q 0 0 0 rg BT 92.13 742.10 Td (eement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 725.10 Td (On October 22, 2015, the Company entered into a credit agreement for a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.95 725.10 Td ($15.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.85 725.10 Td ( short-term loan, with Franklin Mutual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 713.10 Td (Quest Fund and MFP) Tj ET Q q 0 0 0 rg BT 135.47 713.10 Td ( Investors LLC \(the "Lenders"\), and ) Tj ET Q q 0 0 0 rg BT 282.03 713.10 Td (W) Tj ET Q q 0 0 0 rg BT 291.06 713.10 Td (ilmington ) Tj ET Q q 0 0 0 rg BT 332.28 713.10 Td (T) Tj ET Q q 0 0 0 rg BT 338.03 713.10 Td (rust, National ) Tj ET Q q 0 0 0 rg BT 394.41 713.10 Td (Association, as the administrative agent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 701.10 Td (and collateral agent \(the Credit ) Tj ET Q q 0 0 0 rg BT 180.22 701.10 Td (Agreement\) which was subsequently amended in 2016 as discussed below) Tj ET Q q 0 0 0 rg BT 481.44 701.10 Td (. Under the original ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 689.10 Td (terms and conditions, the Credit ) Tj ET Q q 0 0 0 rg BT 179.98 689.10 Td (Agreement matured on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.12 689.10 Td (April22, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.72 689.10 Td (, subject to a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.77 689.10 Td (three) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.75 689.10 Td ( month extension at the Company's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 677.10 Td (option to the extent certain conditions are met. ) Tj ET Q q 0 0 0 rg BT 238.37 677.10 Td (The Credit ) Tj ET Q q 0 0 0 rg BT 283.36 677.10 Td (Agreement bears interest at an annual rate equal to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.55 677.10 Td (10.5%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.38 677.10 Td ( and is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 665.10 Td (subject to various prepayment and other premiums if certain events, including a change in control, occur) Tj ET Q q 0 0 0 rg BT 467.37 665.10 Td (. ) Tj ET Q q 0 0 0 rg BT 472.19 665.10 Td (The Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 653.10 Td (received net proceeds of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 149.95 653.10 Td ($13.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.84 653.10 Td (and recorded debt discount and debt issuance costs of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.22 653.10 Td ($1.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.11 653.10 Td (. ) Tj ET Q q 0 0 0 rg BT 476.93 653.10 Td (The debt discounts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 641.10 Td (and debt issuance costs will be amortized to interest expense using the ef) Tj ET Q q 0 0 0 rg BT 341.40 641.10 Td (fective interest method over the life of theCredit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 629.10 Td (Agreement. ) Tj ET Q q 0 0 0 rg BT 98.87 629.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 123.32 629.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 201.90 629.10 Td (, the unamortized debt discount and issuance costs was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.07 629.10 Td ($0.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.96 629.10 Td (. ) Tj ET Q q 0 0 0 rg BT 477.78 629.10 Td (The net proceeds ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 617.10 Td (were being used to fund working capital needs and for general operating purposes of the Company and its subsidiaries. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 600.10 Td (On February 8, 2016, the Company entered into the first amendment to the Credit ) Tj ET Q q 0 0 0 rg BT 378.82 600.10 Td (Agreement \("First ) Tj ET Q q 0 0 0 rg BT 453.44 600.10 Td (Amendment"\) that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 588.10 Td (extended the SEC filings date to March 30, 2016. On March 30, 2016, the Company entered into the second amendment to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 576.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 76.94 576.10 Td (Agreement \("Second ) Tj ET Q q 0 0 0 rg BT 162.67 576.10 Td (Amendment"\). ) Tj ET Q q 0 0 0 rg BT 224.33 576.10 Td (The Second ) Tj ET Q q 0 0 0 rg BT 273.76 576.10 Td (Amendment extended the maturity date to July 8, 2016, extended the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 564.10 Td (Company's filing date deadline related to its 2015 SEC filings to ) Tj ET Q q 0 0 0 rg BT 309.82 564.10 Td (April 20, 2016, increased the stated interest rate from 10.5% to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 552.10 Td (15.0% and increased the minimum cash balance requirement from $3.0 million to $3.5 million. ) Tj ET Q q 0 0 0 rg BT 433.06 552.10 Td (The Company incurred ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 540.10 Td (approximately $0.6 million in fees related to the Second ) Tj ET Q q 0 0 0 rg BT 276.61 540.10 Td (Amendment.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 516.00 Td (All obligations of the Company under the Credit ) Tj ET Q q 0 0 0 rg BT 246.08 516.00 Td (Agreement are unconditionally guaranteed by each of the Company) Tj ET Q q 0 0 0 rg BT 519.87 516.00 Td (s wholly-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 504.00 Td (owned domestic subsidiaries \(other than ) Tj ET Q q 0 0 0 rg BT 213.02 504.00 Td (ADA) Tj ET Q q 0 0 0 rg BT 234.14 504.00 Td ( ) Tj ET Q q 0 0 0 rg BT 236.08 504.00 Td (Analytics, LLC\) and are secured by perfected security interests in substantially ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 492.00 Td (all of the assets of the Company and the guarantors, subject to certain agreed upon exceptions.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 467.90 Td (The Lenders are beneficial owners of Common Stock in the Company) Tj ET Q q 0 0 0 rg BT 329.83 467.90 Td (. ) Tj ET Q q 0 0 0 rg BT 334.65 467.90 Td (The Credit ) Tj ET Q q 0 0 0 rg BT 379.64 467.90 Td (Agreement was approved by the Company's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 455.90 Td (Board of Directors and by the ) Tj ET Q q 0 0 0 rg BT 171.08 455.90 Td (Audit Committee as a related party transaction.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 431.80 Td (In connection with the Credit ) Tj ET Q q 0 0 0 rg BT 169.14 431.80 Td (Agreement, and the Company's pledge and assignment to the Collateral ) Tj ET Q q 0 0 0 rg BT 457.26 431.80 Td (Agent for all of ) Tj ET Q q 0 0 0 rg BT 521.13 431.80 Td (ADA's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 419.80 Td (equity interests in CCSS, the Lenders required that NexGen consent to a pledge. ) Tj ET Q q 0 0 0 rg BT 373.35 419.80 Td (The Company entered into an Indemnity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 407.80 Td (Agreement with NexGen whereby ) Tj ET Q q 0 0 0 rg BT 189.40 407.80 Td (ADES and ) Tj ET Q q 0 0 0 rg BT 234.40 407.80 Td (ADA) Tj ET Q q 0 0 0 rg BT 255.51 407.80 Td ( agreed to indemnify NexGen from and against any and all losses, claims, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 395.80 Td (damages, liabilities, costs, fees or expenses, which may arise in connection with the Company pledging its CCSS equity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 383.80 Td (interests. ) Tj ET Q q 0 0 0 rg BT 88.14 383.80 Td (The Indemnity ) Tj ET Q q 0 0 0 rg BT 149.24 383.80 Td (Agreement was approved by the Company's Board of Directors and by the ) Tj ET Q q 0 0 0 rg BT 449.30 383.80 Td (Audit Committee as a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 371.80 Td (related party transaction.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 354.80 Td (CCS - RCM6 Note Payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 337.80 Td (As described in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 114.71 337.80 Td (Note 7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.65 337.80 Td (, the Company acquired membership interests in RCM6 from CCS on February 10, 2014, through an up-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 325.80 Td (front payment of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 119.70 325.80 Td ($2.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 168.59 325.80 Td ( and an initial note payable, which fair value was determined to be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.83 325.80 Td ($13.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.72 325.80 Td ( as of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 313.80 Td (acquisition date. Due to the payment terms of the note purchase agreement, the note payable periodically adds interest to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 301.80 Td (outstanding note payable principal balance. ) Tj ET Q q 0 0 0 rg BT 225.87 301.80 Td (The stated rate associated with the note is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.70 301.80 Td (1.65%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.53 301.80 Td ( and the ef) Tj ET Q q 0 0 0 rg BT 462.28 301.80 Td (fective rate of the note at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 289.80 Td (inception was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 107.76 289.80 Td (20%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.09 289.80 Td (. Due to the dif) Tj ET Q q 0 0 0 rg BT 186.18 289.80 Td (ference between the stated rate and the ef) Tj ET Q q 0 0 0 rg BT 351.18 289.80 Td (fective rate, the note payable is carried at a discount ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 277.80 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.83 277.80 Td ($7.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.72 277.80 Td ( as of December 31, 2015. Unpaid principal and interest on the note are due in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.18 277.80 Td (2022) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.18 277.80 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 260.80 Td (As described in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 114.71 260.80 Td (Note 7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.65 260.80 Td ( and in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 171.36 260.80 Td (Note 22) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.30 260.80 Td (, on March 3, 2016, the Company sold its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.62 260.80 Td (24.95%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.45 260.80 Td ( membership interest in RCM6 to a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 248.80 Td (third party) Tj ET Q q 0 0 0 rg BT 91.28 248.80 Td (. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 231.80 Td (DSI Business Owner) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.80 Td (As of December 31, 2014, the Company terminated the consulting portion of the agreements with the DSI Business Owner) Tj ET Q q 0 0 0 rg BT 541.57 214.80 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.80 Td (However) Tj ET Q q 0 0 0 rg BT 86.25 202.80 Td (, per the terms of the remaining agreements the Company is still required to make all remaining payments structured ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.80 Td (as a note payable through the third quarter of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 232.44 190.80 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.44 190.80 Td (. ) Tj ET Q q 0 0 0 rg BT 257.26 190.80 Td (The interest rate on the note payable is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.42 190.80 Td (4%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.75 190.80 Td (. ) Tj ET Q q 0 0 0 rg BT 432.20 190.80 Td (As there are no longer any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.80 Td (future service obligations related to the note payable, the Company recorded ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.22 178.80 Td ($1.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.11 178.80 Td ( of expense within the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.92 178.80 Td (Legal and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.80 Td (professional fees) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.48 166.80 Td ( line item of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 183.29 166.80 Td (Consolidated Statements of Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.65 166.80 Td ( during the years ended December31, 2014. ) Tj ET Q q 0 0 0 rg BT 518.49 166.80 Td (As ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.80 Td (described in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.09 154.80 Td (Note 22) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.03 154.80 Td (, in February 2016, the Company entered into an agreement with the DSI Business Owner to settle the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.80 Td (remaining amounts owed as of the date of the agreement of approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.90 142.80 Td ($1.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.79 142.80 Td ( for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.45 142.80 Td ($0.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.34 142.80 Td (, which was paid during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.80 Td (the first quarter of 2016.) Tj ET Q endstream endobj 199 0 obj <> endobj 200 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (96) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (Based upon the sale of the Company's ownership interest in RCM6, the notes payable owed to CCS was no longer due. ) Tj ET Q q 0 0 0 rg BT 529.05 742.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (following table presents the future aggregate annual total borrowing amounts due, excluding unamortized discount and debt ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (issuance costs, as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.04 718.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 211.62 718.10 Td (, after giving ef) Tj ET Q q 0 0 0 rg BT 273.08 718.10 Td (fect to the RCM6 transaction and the DSI Business Owner agreement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (which occurred during the first quarter of 2016, discussed above:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 674.60 418.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.50 674.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 674.60 88.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 644.60 418.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.50 644.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 644.60 88.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 614.60 418.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.50 614.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 614.60 88.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 584.60 418.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.50 584.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 584.60 88.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472.5 674.6 m 560.5 674.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472.5 674.6 m 560.5 674.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472.5 584.6 m 560.5 584.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472.5 570.6 m 560.5 570.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472.5 568.6 m 560.5 568.6 l s BT /F1 8.00 Tf ET 0 0 0 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 53 677.78671875 m 142.83203125 677.78671875 l s q 0 0 0 rg BT 53.00 678.85 Td (Years Ending December 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 501.95 686.83 Td (Amount) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 493.00 678.83 Td (\() Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 495.66 678.83 Td (inthousands) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 536.34 678.83 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 665.17 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.00 664.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.15 664.27 Td (13,500) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 650.17 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.65 649.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 635.17 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.65 634.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 620.17 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.65 619.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 605.17 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.65 604.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 590.17 Td (Thereafter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.65 589.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 575.17 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.00 574.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.15 574.27 Td (13,500) Tj ET Q BT /F1 10.00 Tf ET BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 539.7169921875 m 121.3720703125 539.7169921875 l s q 0 0 0 rg BT 50.00 541.05 Td (Highview License) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 524.05 Td (In November 2014, in addition to acquiring the cost method investment in Highview) Tj ET Q q 0 0 0 rg BT 387.90 524.05 Td (, as described in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.82 524.05 Td (Note 4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.76 524.05 Td (, the Company's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 512.05 Td (subsidiary) Tj ET Q q 0 0 0 rg BT 90.46 512.05 Td (, ) Tj ET Q q 0 0 0 rg BT 94.91 512.05 Td (ADA-ES, Inc. also acquired an exclusive license to utilize Highview's technology in North ) Tj ET Q q 0 0 0 rg BT 460.23 512.05 Td (America, payable in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 500.05 Td (British Pounds through ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.29 500.05 Td (2023) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 165.29 500.05 Td (, with total payments of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.50 500.05 Td ($3.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.39 500.05 Td (, based upon the exchange rate as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.27 500.05 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.86 500.05 Td (. ) Tj ET Q q 0 0 0 rg BT 541.67 500.05 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 488.05 Td (technology license is included within the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 216.07 488.05 Td (Other assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 264.67 488.05 Td ( line item in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.94 488.05 Td (Consolidated Balance Sheets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.02 488.05 Td ( and is being amortized over ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 476.05 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.94 476.05 Td (10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.94 476.05 Td ( year period, as described in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 181.62 476.05 Td (Note 1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 208.55 476.05 Td (. ) Tj ET Q q 0 0 0 rg BT 213.37 476.05 Td (The liability is included within the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.91 476.05 Td (Other current liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.21 476.05 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 476.05 Td (Other long-term ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 464.05 Td (liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.22 464.05 Td ( line items in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.37 464.05 Td (Consolidated Balance Sheets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.46 464.05 Td (. ) Tj ET Q q 0 0 0 rg BT 277.28 464.05 Td (The technology license agreement was amended in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.58 464.05 Td (November 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.29 464.05 Td ( to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 452.05 Td (defer license fee payments for a period of one year) Tj ET Q q 0 0 0 rg BT 252.55 452.05 Td (, allowing the Company to elect a non-exclusive license at a lower cost, or to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 440.05 Td (terminate the license in return for paying a buy-out fee starting at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.24 440.05 Td (0.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.13 440.05 Td ( if terminated in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.77 440.05 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.77 440.05 Td ( \() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.60 440.05 Td ($0.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.50 440.05 Td ( based upon ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 428.05 Td (the exchange rate in ef) Tj ET Q q 0 0 0 rg BT 140.32 428.05 Td (fect as of the date of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.89 428.05 Td (November 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.59 428.05 Td ( amendment\) and decreases annually over the term of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.61 428.05 Td (10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.61 428.05 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 416.05 Td (year agreement. ) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 397.7169921875 m 91.103515625 397.7169921875 l s q 0 0 0 rg BT 50.00 399.05 Td (Clearview) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.05 Td (As discussed in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 114.72 382.05 Td (Note 8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.66 382.05 Td (, on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 159.16 382.05 Td (November20, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.87 382.05 Td (, the Company entered into an agreement with InSyst Ltd. and ClearV) Tj ET Q q 0 0 0 rg BT 518.47 382.05 Td (iew ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.05 Td (Monitoring Solutions Ltd., both Israel-based companies specializing in data analytics, to allow the Company the exclusive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.05 Td (option to purchase certain assets of ClearV) Tj ET Q q 0 0 0 rg BT 221.01 358.05 Td (iew) Tj ET Q q 0 0 0 rg BT 234.80 358.05 Td (. ) Tj ET Q q 0 0 0 rg BT 239.62 358.05 Td (The Company paid ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.77 358.05 Td ($0.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.66 358.05 Td ( related to this option which was included ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.05 Td (within the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 92.77 346.05 Td (Prepaid expenses and other assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.73 346.05 Td ( line item within the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.78 346.05 Td (Consolidated Balance Sheets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.86 346.05 Td ( as of December31, 2014. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.05 Td (Additionally) Tj ET Q q 0 0 0 rg BT 99.90 334.05 Td (, from November 20, 2014 through the date of the acquisition, the Company paid certain operating costs of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.05 Td (Clearview) Tj ET Q q 0 0 0 rg BT 90.44 322.05 Td (. During the year ended December 31, 2014, the Company recorded expenses of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.67 322.05 Td ($0.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.56 322.05 Td ( related to these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.05 Td (payments within the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.60 310.05 Td (General and administrative) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.89 310.05 Td ( line in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.88 310.05 Td (Consolidated Statements of Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.24 310.05 Td (. During 2015, prior to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.05 Td (acquisition, the Company recorded expenses of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.89 298.05 Td ($0.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.78 298.05 Td ( related to these payments within the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.91 298.05 Td (General and administrative) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.20 298.05 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.05 Td (line in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 92.49 286.05 Td (Consolidated Statements of Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.85 286.05 Td (. ) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 267.71699218749995 m 124.0625 267.71699218749995 l s q 0 0 0 rg BT 50.00 269.05 Td (Ar) Tj ET Q q 0 0 0 rg BT 59.63 269.05 Td (ch Coal License) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 252.05 Td (In June 2010, the Company entered into a Development and License ) Tj ET Q q 0 0 0 rg BT 326.04 252.05 Td (Agreement and executed a Securities Subscription and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 240.05 Td (Investment ) Tj ET Q q 0 0 0 rg BT 96.38 240.05 Td (Agreement with ) Tj ET Q q 0 0 0 rg BT 163.03 240.05 Td (Arch Coal, Inc. \("Arch"\) pursuant to which the Company licensed, on an exclusive, non-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 228.05 Td (transferable basis, the use of certain of its technology to enhance coal by a proprietary treatment process. ) Tj ET Q q 0 0 0 rg BT 471.60 228.05 Td (The Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 216.05 Td (received a non-refundable license fee payment from ) Tj ET Q q 0 0 0 rg BT 260.18 216.05 Td (Arch in the amount of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.99 216.05 Td ($2.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.88 216.05 Td ( and incurred non-reimbursable costs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 204.05 Td (associated with this agreement in the amount of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.28 204.05 Td ($0.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.17 204.05 Td (. However) Tj ET Q q 0 0 0 rg BT 333.42 204.05 Td (, as the agreement does not specify an end date related to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 192.05 Td (the completion of the agreement, the Company has recorded the applicable costs in the Deposits line item within Other Long-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 180.05 Td (term assets and has recorded the payment received in the Deferred revenue lines item in of Other long-term liabilities in Note ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 168.05 Td (12. ) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 149.71699218749995 m 155.0830078125 149.71699218749995 l s q 0 0 0 rg BT 50.00 151.05 Td (Boar) Tj ET Q q 0 0 0 rg BT 69.63 151.05 Td (d of Dir) Tj ET Q q 0 0 0 rg BT 100.93 151.05 Td (ector Matters) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.05 Td (An ) Tj ET Q q 0 0 0 rg BT 64.17 130.05 Td (Arch designee holds ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 148.32 130.05 Td (one) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 162.75 130.05 Td ( seat on the Company) Tj ET Q q 0 0 0 rg BT 252.18 130.05 Td (s Board of Directors \(the Board\). ) Tj ET Q q 0 0 0 rg BT 395.56 130.05 Td (The appointment of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.93 130.05 Td (one) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.37 130.05 Td ( designee to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.05 Td (Board was made pursuant to a 2003 Subscription and Investment ) Tj ET Q q 0 0 0 rg BT 312.18 118.05 Td (Agreement, as amended to reflect the ef) Tj ET Q q 0 0 0 rg BT 471.64 118.05 Td (fect of the Company's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.05 Td (two-for) Tj ET Q q 0 0 0 rg BT 79.79 106.05 Td (-one stock split in March 2014, whereby the Company) Tj ET Q q 0 0 0 rg BT 300.58 106.05 Td (s management agreed to make available ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.73 106.05 Td (one) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.17 106.05 Td ( seat on our Board ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.05 Td (for an ) Tj ET Q q 0 0 0 rg BT 75.55 94.05 Td (Arch designee and to vote all shares and proxies they are entitled to vote in favor of such designee for so long as ) Tj ET Q q 0 0 0 rg BT 527.36 94.05 Td (Arch ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.05 Td (continues to hold at least ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 151.92 82.05 Td (200,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.42 82.05 Td ( shares of our common stock.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 61.05 Td (From May 2014 through September 2014, ) Tj ET Q q 0 0 0 rg BT 220.82 61.05 Td (A. Bradley Gabbard, a member of the Board of Directors since November 2012, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 49.05 Td (entered into a consulting agreement with the Company to assist in the Restatement process. Mr) Tj ET Q q 0 0 0 rg BT 429.64 49.05 Td (. Gabbard received ) Tj ET Q endstream endobj 201 0 obj <> endobj 202 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (97) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (compensation of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.87 742.10 Td ($0.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 167.76 742.10 Td ( during this period related to the services provided. In addition, as required by the Company's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (related-party transaction policy) Tj ET Q q 0 0 0 rg BT 174.30 730.10 Td (, the above noted agreement was approved by the Company) Tj ET Q q 0 0 0 rg BT 415.89 730.10 Td (s ) Tj ET Q q 0 0 0 rg BT 421.73 730.10 Td (Audit Committee before being ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (recommended to the Board for approval and was then approved by the disinterested members of the Board. Mr) Tj ET Q q 0 0 0 rg BT 493.20 718.10 Td (. Gabbard ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (became the Company's Chief Financial Of) Tj ET Q q 0 0 0 rg BT 219.63 706.10 Td (ficer in June 2015.) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 687.7669921875 m 106.9384765625 687.7669921875 l s q 0 0 0 rg BT 50.00 689.10 Td (Other Matters) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 677.10 Td (In January 2013, to assist with an executive's relocation to Colorado, the Company purchased a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.65 677.10 Td ($0.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.54 677.10 Td ( interest in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 665.10 Td (executive) Tj ET Q q 0 0 0 rg BT 91.09 665.10 Td (s real estate owned in New Jersey) Tj ET Q q 0 0 0 rg BT 225.39 665.10 Td (, consisting of a single family residence and an adjacent vacant lot. ) Tj ET Q q 0 0 0 rg BT 495.12 665.10 Td (The Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 653.10 Td (had a right to the net proceeds of the sale of the property and was obligated to reimburse the executive for the monthly carrying ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 641.10 Td (costs for the property until the property was sold. ) Tj ET Q q 0 0 0 rg BT 249.22 641.10 Td (The property was sold during the second quarter of 2013, and the Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 629.10 Td (recognized a loss of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 132.19 629.10 Td ($0.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 181.08 629.10 Td (. ) Tj ET Q q 0 0 0 rg BT 185.90 629.10 Td (This transaction was ratified by our ) Tj ET Q q 0 0 0 rg BT 329.76 629.10 Td (Audit Committee and the Board of Directors.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 608.10 Td (Refer to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.99 608.10 Td (Note 7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 111.92 608.10 Td ( for a discussion of transactions entered into with the Company's equity investees. ) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 49.5 580.53505859375 m 81.990234375 580.53505859375 l s q 0 0 0 rg BT 49.50 582.10 Td (Note 10) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 81.990234375 580.53505859375 m 199.9443359375 580.53505859375 l s q 0 0 0 rg BT 81.99 582.10 Td ( - Fair) Tj ET Q q 0 0 0 rg BT 108.46 582.10 Td ( ) Tj ET Q q 0 0 0 rg BT 110.78 582.10 Td (V) Tj ET Q q 0 0 0 rg BT 117.09 582.10 Td (alue Measur) Tj ET Q q 0 0 0 rg BT 169.95 582.10 Td (ements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 570.10 Td ( ) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 49.5 556.7669921875 m 193.376953125 556.7669921875 l s q 0 0 0 rg BT 49.50 558.10 Td (Fair V) Tj ET Q q 0 0 0 rg BT 74.78 558.10 Td (alue of Financial Instruments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 534.10 Td (The carrying amounts of financial instruments, including cash and cash equivalents, accounts receivable, accounts payable, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 522.10 Td (deposits and accrued expenses approximate fair value due to the short maturity of these instruments. ) Tj ET Q q 0 0 0 rg BT 452.72 522.10 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 502.05 522.10 Td (, these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 510.10 Td (instruments are not presented in the table below) Tj ET Q q 0 0 0 rg BT 240.18 510.10 Td (. ) Tj ET Q q 0 0 0 rg BT 245.00 510.10 Td (The following table provides the estimated fair values of the remaining ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 498.10 Td (financial instruments: ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 446.60 216.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 265.50 446.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 269.50 446.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 446.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 446.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 446.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 446.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 446.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 446.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 416.60 216.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 265.50 416.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 269.50 416.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 416.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 416.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 416.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 416.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 416.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 416.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 386.60 216.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 265.50 386.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 269.50 386.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 386.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 386.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 386.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 386.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 386.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 386.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 356.60 216.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 265.50 356.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 269.50 356.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 356.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 356.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 356.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 356.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 356.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 356.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 316.60 216.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 265.50 316.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 269.50 316.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 316.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 316.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 316.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 316.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 316.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 316.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 276.60 216.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 265.50 276.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 269.50 276.60 70.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 276.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 276.60 70.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 276.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 276.60 70.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 276.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 276.60 70.00 -25.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269.5 459.6 m 339.5 459.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 339.5 459.6 m 343.5 459.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 459.6 m 413.5 459.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 459.6 m 487.5 459.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 459.6 m 491.5 459.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 459.6 m 561.5 459.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 446.6 m 265.5 446.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269.5 446.6 m 339.5 446.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 446.6 m 413.5 446.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 446.6 m 487.5 446.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 446.6 m 561.5 446.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 298.95 463.83 Td (As of December 31, 2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 446.95 463.83 Td (As of December 31, 2014) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 52.00 450.85 Td (\(in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 277.65 450.83 Td (Carrying Value) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 360.15 450.83 Td (Fair) Tj ET Q q 0 0 0 rg BT 374.67 450.83 Td ( ) Tj ET Q q 0 0 0 rg BT 376.52 450.83 Td (V) Tj ET Q q 0 0 0 rg BT 381.56 450.83 Td (alue) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 425.65 450.83 Td (Carrying Value) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 508.15 450.83 Td (Fair Value) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 436.27 Td (Financial Instruments:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 421.27 Td (Investment securities:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 406.27 Td (Investment securities, restricted, long-term) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.00 406.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.65 406.27 Td (336) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.00 406.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.65 406.27 Td (336) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.00 406.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.65 406.27 Td (336) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.00 406.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 406.27 Td (336) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 391.27 Td (Cost method investment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.00 391.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.15 391.27 Td (2,776) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.00 391.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.15 391.27 Td (2,776) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.00 391.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 391.27 Td (2,776) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.00 391.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 391.27 Td (2,776) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 376.27 Td (Borrowings and Notes Payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 361.27 Td (Short-term borrowings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.00 361.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.15 361.27 Td (12,676) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.00 361.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.15 361.27 Td (12,676) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.00 361.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.65 361.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.00 361.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 361.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 346.27 Td (Current portion of notes payable, related parties) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.00 346.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.15 346.27 Td (1,837) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.00 346.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.15 346.27 Td (1,457) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.00 346.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 346.27 Td (1,479) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.00 346.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 346.27 Td (1,439) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 331.27 Td (Long-term portion of notes payable, related) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 321.27 Td (parties) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.00 321.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.15 321.27 Td (13,512) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.00 321.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.15 321.27 Td (13,273) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.00 321.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 321.27 Td (14,431) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.00 321.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 321.27 Td (14,356) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 306.27 Td (Highview technology license payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.00 306.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.65 306.27 Td (519) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.00 306.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.65 306.27 Td (519) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.00 306.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.65 306.27 Td (155) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.00 306.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 306.27 Td (155) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 281.27 Td (Highview technology license payable, long-term) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.00 281.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.15 281.27 Td (1,038) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.00 281.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.15 281.27 Td (1,038) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.00 281.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 281.27 Td (1,389) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.00 281.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 281.27 Td (1,389) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 266.27 Td (Stock appreciation rights, liability-classified) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 256.27 Td (equity award) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.00 256.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.65 256.27 Td (742) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.00 256.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.65 256.27 Td (742) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.00 256.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.65 256.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.00 256.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 256.27 Td () Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 228.10 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 63.48 228.10 Td (The fair value related to the DSI business owner note payable amounts as of December 31, 2015 was determined using the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 216.10 Td (settlement agreement amount of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 180.56 216.10 Td ($0.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.46 216.10 Td (, as described in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.38 216.10 Td (Note 9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.32 216.10 Td (. ) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 49.5 190.76699218750002 m 160.505859375 190.76699218750002 l s q 0 0 0 rg BT 49.50 192.10 Td (Concentration of cr) Tj ET Q q 0 0 0 rg BT 128.01 192.10 Td (edit risk) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 180.10 Td (The Company's certificates of deposit investment securities are at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.27 180.10 Td (two) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.27 180.10 Td ( financial institutions. If those institutions were to be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 168.10 Td (unable to perform their obligations, the Company would be at risk regarding the amount of investment in excess of the federal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 156.10 Td (deposit insurance corporation limits \() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.91 156.10 Td ($250 thousand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.52 156.10 Td (\) that would be returned to the Company) Tj ET Q q 0 0 0 rg BT 419.33 156.10 Td (. ) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 49.5 130.76699218750002 m 319.6708984375 130.76699218750002 l s q 0 0 0 rg BT 49.50 132.10 Td (Assets and Liabilities Measur) Tj ET Q q 0 0 0 rg BT 167.74 132.10 Td (ed at Fair V) Tj ET Q q 0 0 0 rg BT 215.24 132.10 Td (alue on a Recurring Basis) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 108.10 Td (The estimated fair values of investment securities are described below) Tj ET Q q 0 0 0 rg BT 329.58 108.10 Td (. Refer to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.56 108.10 Td (Note 4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.50 108.10 Td ( of these Consolidated Financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 96.10 Td (Statements for additional information regarding the Company) Tj ET Q q 0 0 0 rg BT 299.44 96.10 Td (s investment securities. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 84.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 72.10 Td (Fair value is defined as the price that would be received from the sale of an asset or paid to transfer a liability in an orderly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 60.10 Td (transaction between market participants as of the measurement date. ) Tj ET Q q 0 0 0 rg BT 324.76 60.10 Td (The Company uses the hierarchy prescribed in the ) Tj ET Q endstream endobj 203 0 obj <> endobj 204 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (98) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 742.10 Td (accounting guidance for fair value measurements, based upon the available inputs to the valuation and the degree to which they ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 730.10 Td (are observable or not observable in the market. ) Tj ET Q q 0 0 0 rg BT 239.52 730.10 Td (The three levels in the hierarchy are as follows: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 706.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 706.10 Td (Level 1 Inputs - Quoted prices \(unadjusted\) for identical assets or liabilities in active markets that are accessible as of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 694.10 Td (measurement date.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 670.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 670.10 Td (Level 2 Inputs - Inputs other than quoted prices within Level 1 that are observable either directly or indirectly) Tj ET Q q 0 0 0 rg BT 505.60 670.10 Td (, including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 658.10 Td (but not limited to quoted prices in markets that are not active, quoted prices in active markets for similar assets or liabilities and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 646.10 Td (observable inputs other than quoted prices such as interest rates or yield curves.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 622.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 622.10 Td (Level 3 Inputs - Unobservable inputs reflecting the Company) Tj ET Q q 0 0 0 rg BT 315.77 622.10 Td (s own assumptions about the assumptions that market ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 610.10 Td (participants would use in pricing the asset or liability) Tj ET Q q 0 0 0 rg BT 261.03 610.10 Td (, including assumptions about risk.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 586.10 Td (Financial instruments carried and measured at fair value on a recurring basis are presented in the table below according to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 574.10 Td (fair value hierarchy described above: ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 516.60 216.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 265.50 516.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 269.50 516.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 516.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 516.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 516.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 516.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 516.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 516.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 486.60 216.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 265.50 486.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 269.50 486.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 486.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 486.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 486.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 486.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 486.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 486.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 456.60 216.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 265.50 456.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 269.50 456.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 456.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 456.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 456.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 456.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 456.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 456.60 70.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269.5 550.6 m 339.5 550.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 339.5 550.6 m 343.5 550.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 550.6 m 413.5 550.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 550.6 m 417.5 550.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 550.6 m 487.5 550.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 550.6 m 491.5 550.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 550.6 m 561.5 550.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269.5 537.6 m 339.5 537.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 339.5 537.6 m 343.5 537.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 537.6 m 413.5 537.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 537.6 m 417.5 537.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 537.6 m 487.5 537.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 537.6 m 491.5 537.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 537.6 m 561.5 537.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 516.6 m 265.5 516.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269.5 516.6 m 339.5 516.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 516.6 m 413.5 516.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 516.6 m 487.5 516.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 516.6 m 561.5 516.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269.5 486.6 m 339.5 486.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269.5 472.6 m 339.5 472.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269.5 470.6 m 339.5 470.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 486.6 m 413.5 486.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 472.6 m 413.5 472.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 470.6 m 413.5 470.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 486.6 m 487.5 486.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 472.6 m 487.5 472.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 470.6 m 487.5 470.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 486.6 m 561.5 486.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 472.6 m 561.5 472.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 470.6 m 561.5 470.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269.5 416.6 m 339.5 416.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269.5 402.6 m 339.5 402.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269.5 400.6 m 339.5 400.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 416.6 m 413.5 416.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 402.6 m 413.5 402.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 400.6 m 413.5 400.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 416.6 m 487.5 416.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 402.6 m 487.5 402.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 400.6 m 487.5 400.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 416.6 m 561.5 416.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 402.6 m 561.5 402.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 400.6 m 561.5 400.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 372.95 554.83 Td (As of December 31, 2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 361.90 541.83 Td (Fair Value Measurement Using) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 52.00 520.85 Td (\(in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 291.65 520.83 Td (Level 1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 365.65 520.83 Td (Level 2) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 439.65 520.83 Td (Level 3) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 508.15 520.83 Td (Fair) Tj ET Q q 0 0 0 rg BT 522.67 520.83 Td ( ) Tj ET Q q 0 0 0 rg BT 524.52 520.83 Td (V) Tj ET Q q 0 0 0 rg BT 529.56 520.83 Td (alue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 506.27 Td (Assets:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 491.27 Td (Investment securities, restricted, long-term) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.00 491.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.65 491.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.00 491.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.65 491.27 Td (336) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.00 491.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.65 491.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.00 491.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 491.27 Td (336) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 476.27 Td (Total assets at fair value) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.00 476.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.65 476.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.00 476.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.65 476.27 Td (336) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.00 476.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.65 476.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.00 476.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 476.27 Td (336) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 446.27 Td (Liabilities:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 431.27 Td (Stock appreciation rights, liability-classified) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 421.27 Td (equity award) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.00 421.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.65 421.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.00 421.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.65 421.27 Td (742) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.00 421.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.65 421.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.00 421.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 421.27 Td (742) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 406.27 Td (Total liabilities at fair value) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.00 406.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.65 406.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.00 406.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.65 406.27 Td (742) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.00 406.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.65 406.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.00 406.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 406.27 Td (742) Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 344.60 216.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 265.50 344.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 269.50 344.60 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 344.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 344.60 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 344.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 344.60 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 344.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 344.60 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 316.60 216.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 265.50 316.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 269.50 316.60 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 316.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 316.60 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 316.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 316.60 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 316.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 316.60 70.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269.5 378.6 m 339.5 378.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 339.5 378.6 m 343.5 378.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 378.6 m 413.5 378.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 378.6 m 417.5 378.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 378.6 m 487.5 378.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 378.6 m 491.5 378.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 378.6 m 561.5 378.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269.5 365.6 m 339.5 365.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 339.5 365.6 m 343.5 365.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 365.6 m 413.5 365.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 365.6 m 417.5 365.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 365.6 m 487.5 365.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 365.6 m 491.5 365.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 365.6 m 561.5 365.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 344.6 m 265.5 344.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269.5 344.6 m 339.5 344.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 344.6 m 413.5 344.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 344.6 m 487.5 344.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 344.6 m 561.5 344.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 344.6 m 265.5 344.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269.5 316.6 m 339.5 316.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269.5 303.6 m 339.5 303.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269.5 301.6 m 339.5 301.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 316.6 m 413.5 316.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 303.6 m 413.5 303.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 301.6 m 413.5 301.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 316.6 m 487.5 316.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 303.6 m 487.5 303.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 301.6 m 487.5 301.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 316.6 m 561.5 316.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 303.6 m 561.5 303.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 301.6 m 561.5 301.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 372.95 382.83 Td (As of December 31, 2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 361.90 369.83 Td (Fair Value Measurement Using) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 52.00 348.85 Td (\(in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 291.65 348.83 Td (Level 1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 365.65 348.83 Td (Level 2) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 439.65 348.83 Td (Level 3) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 508.15 348.83 Td (Fair) Tj ET Q q 0 0 0 rg BT 522.67 348.83 Td ( ) Tj ET Q q 0 0 0 rg BT 524.52 348.83 Td (V) Tj ET Q q 0 0 0 rg BT 529.56 348.83 Td (alue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 335.17 Td (Assets:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 321.17 Td (Investment securities, restricted, long-term) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.00 321.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.65 321.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.00 321.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.65 321.17 Td (336) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.00 321.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.65 321.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.00 321.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 321.17 Td (336) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 307.17 Td (Total assets at fair value) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.00 307.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.65 307.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.00 307.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.65 307.17 Td (336) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.00 307.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.65 307.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.00 307.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 307.17 Td (336) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 279.10 Td (The estimated fair value of certificates of deposit investments securities were estimated to be equal to the deposit value of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 267.10 Td (investment due to the market interest rates and relative short term nature of the instrument. ) Tj ET Q q 0 0 0 rg BT 414.76 267.10 Td (The Company's experience with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 255.10 Td (these types of investments and the expectations of the current investments held is that they will be satisfied at the current ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 243.10 Td (carrying amount. ) Tj ET Q q 0 0 0 rg BT 120.13 243.10 Td (These securities were classified as Level 2. ) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 49.5 217.76699218750002 m 339.6708984375 217.76699218750002 l s q 0 0 0 rg BT 49.50 219.10 Td (Assets and Liabilities Measur) Tj ET Q q 0 0 0 rg BT 167.74 219.10 Td (ed at Fair V) Tj ET Q q 0 0 0 rg BT 215.24 219.10 Td (alue on a Non-Recurring Basis) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 195.10 Td (The following tables show information related to assets and liabilities measured on a non-recurring basis as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.44 195.10 Td (December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 183.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 183.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.94 183.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.94 183.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 161.60 183.10 Td (.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 125.60 218.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.50 125.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 271.50 125.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 125.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 125.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 125.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 125.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 125.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 125.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 125.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 125.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 95.60 218.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.50 95.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 271.50 95.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 95.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 95.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 95.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 95.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 95.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 95.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 95.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 95.60 55.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 271.5 159.60000000000002 m 326.5 159.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 159.60000000000002 m 330.5 159.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 159.60000000000002 m 385.5 159.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 159.60000000000002 m 389.5 159.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 159.60000000000002 m 443.5 159.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 159.60000000000002 m 447.5 159.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 159.60000000000002 m 502.5 159.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 271.5 146.60000000000002 m 326.5 146.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 146.60000000000002 m 330.5 146.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 146.60000000000002 m 385.5 146.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 146.60000000000002 m 389.5 146.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 146.60000000000002 m 443.5 146.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 146.60000000000002 m 447.5 146.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 146.60000000000002 m 502.5 146.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 125.60000000000002 m 267.5 125.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 271.5 125.60000000000002 m 326.5 125.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 125.60000000000002 m 385.5 125.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 125.60000000000002 m 443.5 125.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 125.60000000000002 m 502.5 125.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 125.60000000000002 m 561.5 125.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 125.60000000000002 m 561.5 125.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 271.5 80.60000000000002 m 326.5 80.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 271.5 66.60000000000002 m 326.5 66.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 271.5 64.60000000000002 m 326.5 64.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 80.60000000000002 m 385.5 80.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 66.60000000000002 m 385.5 66.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 64.60000000000002 m 385.5 64.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 80.60000000000002 m 443.5 80.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 66.60000000000002 m 443.5 66.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 64.60000000000002 m 443.5 64.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 80.60000000000002 m 502.5 80.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 66.60000000000002 m 502.5 66.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 64.60000000000002 m 502.5 64.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 80.60000000000002 m 561.5 80.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 66.60000000000002 m 561.5 66.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 64.60000000000002 m 561.5 64.60000000000002 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 344.45 163.83 Td (As of December 31, 2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 333.40 150.83 Td (Fair Value Measurement Using) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 52.00 129.85 Td (\(in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 286.15 129.83 Td (Level 1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 345.15 129.83 Td (Level 2) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 403.65 129.83 Td (Level 3) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 456.65 129.83 Td (Fair) Tj ET Q q 0 0 0 rg BT 471.17 129.83 Td ( ) Tj ET Q q 0 0 0 rg BT 473.02 129.83 Td (V) Tj ET Q q 0 0 0 rg BT 478.06 129.83 Td (alue) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 512.60 129.83 Td (T) Tj ET Q q 0 0 0 rg BT 517.20 129.83 Td (otal Losses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 115.27 Td (Assets:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 100.27 Td (Property and equipment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.00 100.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.65 100.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.00 100.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.65 100.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.00 100.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.65 100.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.00 100.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 100.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.00 100.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 100.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 85.27 Td (Impaired note receivable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.65 85.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.65 85.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.65 85.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 85.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 85.32 Td (\(1,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 85.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 70.27 Td (Total assets at fair value) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.00 70.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.65 70.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.00 70.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.65 70.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.00 70.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.65 70.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.00 70.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 70.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.00 70.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 70.32 Td (\(1,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 70.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 205 0 obj <> endobj 206 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (99) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 742.10 Td (During the fourth quarter of 2015, the Company recorded impairments totaling approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.01 742.10 Td ($0.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.90 742.10 Td ( to reduce the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 730.10 Td (carrying value of certain property and equipment that the Company intended to sell to its estimated sales value, less estimated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 718.10 Td (costs to sell. ) Tj ET Q q 0 0 0 rg BT 100.98 718.10 Td (The property and equipment was subsequently sold at auction. Proceeds from the sale of the impaired assets ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 706.10 Td (totaled approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.47 706.10 Td ($0.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 188.36 706.10 Td (. No gain or loss was recognized on the sale of the property and equipment.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 682.10 Td (Also during the fourth quarter of 2015, the Company sold certain property and equipment having a net book value of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 670.10 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.76 670.10 Td ($0.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.65 670.10 Td (. Proceeds from the sale totaled approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.92 670.10 Td ($0.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.81 670.10 Td (, which resulted in the recognition of a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 658.10 Td (gain on the sale of approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 185.57 658.10 Td ($0.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 234.46 658.10 Td (.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 600.60 218.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.50 600.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 271.50 600.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 600.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 600.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 600.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 600.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 600.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 600.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 600.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 600.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 570.60 218.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.50 570.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 271.50 570.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 570.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 570.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 570.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 570.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 570.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 570.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 570.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 570.60 55.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 271.5 634.6 m 325.5 634.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 325.5 634.6 m 329.5 634.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 634.6 m 384.5 634.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 634.6 m 388.5 634.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 634.6 m 443.5 634.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 634.6 m 447.5 634.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 634.6 m 502.5 634.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 271.5 621.6 m 325.5 621.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 325.5 621.6 m 329.5 621.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 621.6 m 384.5 621.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 621.6 m 388.5 621.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 621.6 m 443.5 621.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 621.6 m 447.5 621.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 621.6 m 502.5 621.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 600.6 m 267.5 600.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 271.5 600.6 m 325.5 600.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 600.6 m 384.5 600.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 600.6 m 443.5 600.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 600.6 m 502.5 600.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 600.6 m 506.5 600.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 600.6 m 561.5 600.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 600.6 m 267.5 600.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 271.5 600.6 m 325.5 600.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 600.6 m 384.5 600.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 600.6 m 443.5 600.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 600.6 m 502.5 600.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 600.6 m 561.5 600.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 271.5 555.6 m 325.5 555.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 271.5 541.6 m 325.5 541.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 271.5 539.6 m 325.5 539.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 555.6 m 384.5 555.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 541.6 m 384.5 541.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 539.6 m 384.5 539.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 555.6 m 443.5 555.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 541.6 m 443.5 541.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 539.6 m 443.5 539.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 555.6 m 502.5 555.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 541.6 m 502.5 541.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 539.6 m 502.5 539.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 555.6 m 561.5 555.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 541.6 m 561.5 541.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 539.6 m 561.5 539.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 344.45 638.83 Td (As of December 31, 2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 333.40 625.83 Td (Fair Value Measurement Using) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 52.00 604.85 Td (\(in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 285.65 604.83 Td (Level 1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 344.15 604.83 Td (Level 2) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 403.15 604.83 Td (Level 3) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 456.65 604.83 Td (Fair) Tj ET Q q 0 0 0 rg BT 471.17 604.83 Td ( ) Tj ET Q q 0 0 0 rg BT 473.02 604.83 Td (V) Tj ET Q q 0 0 0 rg BT 478.06 604.83 Td (alue) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 512.60 604.83 Td (T) Tj ET Q q 0 0 0 rg BT 517.20 604.83 Td (otal Losses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 590.27 Td (Assets:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 575.27 Td (Property and equipment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.00 575.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.65 575.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.00 575.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.65 575.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.00 575.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.65 575.27 Td (424) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.00 575.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.65 575.27 Td (424) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.00 575.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.30 575.32 Td (\(355) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 575.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 560.27 Td (Impaired note receivable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.65 560.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.65 560.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.65 560.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 560.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.30 560.32 Td (\(500) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 560.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 545.27 Td (Total assets at fair value) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.00 545.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.65 545.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.00 545.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.65 545.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.00 545.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.65 545.27 Td (424) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.00 545.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.65 545.27 Td (424) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.00 545.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.30 545.32 Td (\(855) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 545.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 517.10 Td (During the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.13 517.10 Td (December31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.71 517.10 Td (, the Company recorded impairments on property and equipment, with a total ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 505.10 Td (carrying value of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.30 505.10 Td ($0.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 169.19 505.10 Td (, as a result of ongoing negative cash flows related to assets specifically related to the Company's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 493.10 Td (DSI system fabrication facility) Tj ET Q q 0 0 0 rg BT 171.87 493.10 Td (. ) Tj ET Q q 0 0 0 rg BT 176.69 493.10 Td (The fair values of the impaired assets were estimated using an appraisal obtained from a third ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 481.10 Td (party) Tj ET Q q 0 0 0 rg BT 69.40 481.10 Td (. ) Tj ET Q q 0 0 0 rg BT 74.22 481.10 Td (The fair value measurements represent a Level 3 measurement as it is based on significant inputs not observable in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 469.10 Td (market. ) Tj ET Q q 0 0 0 rg BT 81.71 469.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 131.61 469.10 Td (, the Company recorded impairment char) Tj ET Q q 0 0 0 rg BT 295.82 469.10 Td (ges related to a Note Receivable, as discussed in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.86 469.10 Td (Note 1) Tj ET Q q 0 0 0 rg BT 518.43 469.10 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.43 469.10 Td (. ) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 50 441.53505859375 m 81.9384765625 441.53505859375 l s q 0 0 0 rg BT 50.00 443.10 Td (Note 1) Tj ET Q q 0 0 0 rg BT 76.94 443.10 Td (1) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 81.9384765625 441.53505859375 m 246.396484375 441.53505859375 l s q 0 0 0 rg BT 81.94 443.10 Td ( - Supplemental Financial Information) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 431.10 Td ( ) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 417.7669921875 m 214.130859375 417.7669921875 l s q 0 0 0 rg BT 50.00 419.10 Td (Supplemental Balance Sheet Information) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 407.10 Td (The following table summarizes the components of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.00 407.10 Td (Prepaid expenses and other assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.96 407.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.40 407.10 Td (Other assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.00 407.10 Td ( on the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.72 407.10 Td (Consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 395.10 Td (Balance Sheets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.81 395.10 Td (:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 343.60 364.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 343.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 343.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 343.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 343.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 313.60 364.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 313.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 313.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 313.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 313.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 283.60 364.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 283.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 283.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 283.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 283.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 253.60 364.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 253.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 253.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 253.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 253.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 223.60 364.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 223.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 223.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 223.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 223.60 70.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 371.6 m 487.5 371.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 371.6 m 491.5 371.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 371.6 m 561.5 371.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 358.6 m 413.5 358.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 371.6 m 487.5 371.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 358.6 m 487.5 358.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 371.6 m 561.5 371.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 358.6 m 561.5 358.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 298.6 m 487.5 298.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 284.6 m 487.5 284.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 282.6 m 487.5 282.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 298.6 m 561.5 298.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 284.6 m 561.5 284.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 282.6 m 561.5 282.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 223.60000000000002 m 487.5 223.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 209.60000000000002 m 487.5 209.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 207.60000000000002 m 487.5 207.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 223.60000000000002 m 561.5 223.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 209.60000000000002 m 561.5 209.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 207.60000000000002 m 561.5 207.60000000000002 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 375.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 455.95 375.83 Td (As of December 31,) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 52.00 362.85 Td (\(in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 444.00 362.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 518.00 362.83 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 349.17 Td (Other current assets:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 334.17 Td (Prepaid expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.00 333.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 333.27 Td (2,117) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.00 333.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 333.27 Td (1,573) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 319.17 Td (Inventory) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.65 318.27 Td (189) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 318.27 Td (630) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 304.17 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.65 303.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 303.27 Td (332) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.00 288.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 288.27 Td (2,306) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.00 288.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 288.27 Td (2,535) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 274.17 Td (Other long-term assets:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 259.17 Td (Deposits) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.00 258.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.65 258.27 Td (414) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.00 258.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 258.27 Td (638) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 244.17 Td (Intangibles) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 243.27 Td (1,941) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 243.27 Td (2,035) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 229.17 Td (Other long-term assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.65 228.27 Td (341) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 228.27 Td (322) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.00 213.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 213.27 Td (2,696) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.00 213.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 213.27 Td (2,995) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 185.10 Td (In December 2014, the Company loaned ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 214.67 185.10 Td ($0.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.56 185.10 Td ( to an independent technology development company exploring ener) Tj ET Q q 0 0 0 rg BT 537.74 185.10 Td (gy ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 173.10 Td (storage to provide financing to pursue emissions technology projects, bearing annual interest of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.35 173.10 Td (8%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.68 173.10 Td (. Interest and principal were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 161.10 Td (payable at maturity of the agreement in June 2015. During March 2015, the Company loaned an additional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.60 161.10 Td ($0.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.50 161.10 Td ( to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 149.10 Td (third party) Tj ET Q q 0 0 0 rg BT 91.28 149.10 Td (, continuing to bear annual interest at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.35 149.10 Td (8%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 255.68 149.10 Td (, and all interest and principal payments were then due in March 2018. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 137.10 Td (Subsequent to the second loan disbursement, the Company became aware that the independent technology development ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 125.10 Td (company exploring ener) Tj ET Q q 0 0 0 rg BT 147.01 125.10 Td (gy storage was not awarded contracts which would have utilized their emissions technology) Tj ET Q q 0 0 0 rg BT 514.04 125.10 Td (. ) Tj ET Q q 0 0 0 rg BT 518.86 125.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 113.10 Td (Company also became aware that without these contracts, the ability of the independent third party to repay these loans was in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 101.10 Td (doubt. ) Tj ET Q q 0 0 0 rg BT 77.60 101.10 Td (The Company concluded that it was probable that as of December 31, 2014 facts existed that caused the loan to be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 89.10 Td (impaired as of that date, even though the Company did not become aware of these facts until 2015. ) Tj ET Q q 0 0 0 rg BT 448.04 89.10 Td (Therefore, the Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 77.10 Td (concluded that it was not probable that the third party had the ability to repay principal and interest based upon the contract ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 65.10 Td (terms as of the date of the original disbursement. ) Tj ET Q q 0 0 0 rg BT 247.17 65.10 Td (As a result, the Company recorded an allowance against the entire principal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 53.10 Td (balance of the note receivable outstanding as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.70 53.10 Td (December31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.28 53.10 Td (, reversed accrued interest and put the note on non-accrual ) Tj ET Q endstream endobj 207 0 obj <> endobj 208 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (100) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (status as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 96.94 742.10 Td (December31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 175.52 742.10 Td (. ) Tj ET Q q 0 0 0 rg BT 180.34 742.10 Td (The Company also recorded an allowance in 2015 against the additional principal balance of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (the note receivable disbursed in March 2015. ) Tj ET Q q 0 0 0 rg BT 232.54 730.10 Td (The expense related to the note receivable allowance in included within the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (General and administrative) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.29 718.10 Td ( line item in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.55 718.10 Td (Consolidated Statements of Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.92 718.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (The following table details the components of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.34 694.10 Td (Other current liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.64 694.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.08 694.10 Td (Other long-term liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.50 694.10 Td ( on the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.22 694.10 Td (Consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (Balance Sheets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.81 682.10 Td (:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 641.60 364.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 641.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 641.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 641.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 641.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 611.60 364.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 611.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 611.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 611.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 611.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 581.60 364.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 581.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 581.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 581.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 581.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 551.60 364.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 551.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 551.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 551.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 551.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 521.60 364.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 521.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 521.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 521.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 521.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 491.60 364.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 491.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 491.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 491.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 491.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 461.60 364.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 461.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 461.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 461.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 461.60 70.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 656.6 m 487.5 656.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 656.6 m 491.5 656.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 656.6 m 561.5 656.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 641.6 m 413.5 641.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 641.6 m 417.5 641.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 656.6 m 487.5 656.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 641.6 m 487.5 641.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 656.6 m 561.5 656.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 641.6 m 561.5 641.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 551.6 m 487.5 551.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 537.6 m 487.5 537.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 535.6 m 487.5 535.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 551.6 m 561.5 551.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 537.6 m 561.5 537.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 535.6 m 561.5 535.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 461.6 m 487.5 461.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 447.6 m 487.5 447.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 445.6 m 487.5 445.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 461.6 m 561.5 461.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 447.6 m 561.5 447.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 445.6 m 561.5 445.6 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 660.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 455.95 660.83 Td (As of December 31,) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 52.00 645.85 Td (\(in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 444.00 645.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 518.00 645.83 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 632.17 Td (Other current liabilities:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 617.17 Td (Accrued compensation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.00 616.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.65 616.27 Td (369) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.00 616.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 616.27 Td (1,539) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 602.17 Td (Accrued interest) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 601.27 Td (1,042) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 601.27 Td (894) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 587.17 Td (Accrued losses on equipment contracts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.65 586.27 Td (759) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 586.27 Td (3,127) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 572.17 Td (Deferred revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.65 571.27 Td (682) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 571.27 Td (414) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 557.17 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 556.27 Td (3,346) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 556.27 Td (765) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.00 541.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 541.27 Td (6,198) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.00 541.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 541.27 Td (6,739) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 527.17 Td (Other long-term liabilities:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 512.17 Td (Deferred rent) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.00 511.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.65 511.27 Td (767) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.00 511.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 511.27 Td (1,021) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 497.17 Td (Warranty liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 496.27 Td (1,197) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 496.27 Td (152) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 482.17 Td (Deferred revenue, related party) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 481.27 Td (2,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 481.27 Td (2,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 467.17 Td (Other long-term liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 466.27 Td (2,605) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 466.27 Td (2,838) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.00 451.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 451.27 Td (6,569) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.00 451.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 451.27 Td (6,011) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 423.10 Td (Included within ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.54 423.10 Td (Other long-term liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.96 423.10 Td ( is the Company's asset retirement obligation. Changes in the Company's asset ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 411.10 Td (retirement obligations were as follows: ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 370.60 364.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 370.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 370.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 370.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 370.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 340.60 364.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 340.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 340.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 340.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 340.60 70.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 385.6 m 487.5 385.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 385.6 m 491.5 385.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 385.6 m 561.5 385.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 370.6 m 413.5 370.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 385.6 m 487.5 385.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 370.6 m 487.5 370.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 385.6 m 491.5 385.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 385.6 m 561.5 385.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 370.6 m 561.5 370.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 370.6 m 487.5 370.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 370.6 m 561.5 370.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 340.6 m 487.5 340.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 326.6 m 487.5 326.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 324.6 m 487.5 324.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 340.6 m 491.5 340.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 340.6 m 561.5 340.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 326.6 m 561.5 326.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 324.6 m 561.5 324.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 455.95 389.83 Td (As of December 31,) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 52.00 374.85 Td (\(in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 444.00 374.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 518.00 374.83 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 361.17 Td (Asset retirement obligation, beginning of year) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.00 360.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 360.27 Td (1,188) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.00 360.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 360.27 Td (1,130) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 346.17 Td (Accretion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.65 345.27 Td (60) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 345.27 Td (58) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 331.17 Td (Asset retirement obligations, end of year) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.00 330.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 330.27 Td (1,248) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.00 330.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 330.27 Td (1,188) Tj ET Q BT /F1 10.00 Tf ET BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 300.7669921875 m 314.150390625 300.7669921875 l s q 0 0 0 rg BT 50.00 302.10 Td (Supplemental Consolidated Statements of Operations Information) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 290.10 Td (The following table details the components of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.34 290.10 Td (Interest expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.04 290.10 Td ( in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.53 290.10 Td (Consolidated Statements of Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.89 290.10 Td (: ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 249.60 290.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 249.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 249.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 249.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 249.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 249.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 249.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 219.60 290.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 219.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 219.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 219.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 219.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 219.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 219.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 189.60 290.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 189.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 189.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 189.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 189.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 189.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 189.60 70.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 264.6 m 413.5 264.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 264.6 m 417.5 264.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 264.6 m 487.5 264.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 264.6 m 491.5 264.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 264.6 m 561.5 264.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 264.6 m 413.5 264.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 249.60000000000002 m 413.5 249.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 264.6 m 487.5 264.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 249.60000000000002 m 487.5 249.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 264.6 m 561.5 264.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 249.60000000000002 m 561.5 249.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 249.60000000000002 m 339.5 249.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 189.60000000000002 m 413.5 189.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 175.60000000000002 m 413.5 175.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 173.60000000000002 m 413.5 173.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 189.60000000000002 m 487.5 189.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 175.60000000000002 m 487.5 175.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 173.60000000000002 m 487.5 173.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 189.60000000000002 m 561.5 189.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 175.60000000000002 m 561.5 175.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 173.60000000000002 m 561.5 173.60000000000002 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 406.05 268.83 Td (Years Ended December 31,) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 52.00 253.85 Td (\(in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 370.00 253.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 444.00 253.83 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 518.00 253.83 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 239.27 Td (453A interest) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.00 239.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.15 239.27 Td (4,639) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.00 239.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 239.27 Td (3,371) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.00 239.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 239.27 Td (1,313) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 224.27 Td (RCM6 note payable, related party) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.15 224.27 Td (2,468) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 224.27 Td (2,245) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 224.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 209.27 Td (Credit agreement interest) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.15 209.27 Td (1,180) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.65 209.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 209.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 194.27 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.65 194.27 Td (115) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.65 194.27 Td (109) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 194.27 Td (25) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.00 179.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.15 179.27 Td (8,402) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.00 179.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 179.27 Td (5,725) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.00 179.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 179.27 Td (1,338) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 151.10 Td (During the year ended December 31, 2013, the Company recognized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.68 151.10 Td ($1.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.57 151.10 Td ( of depreciation expense, included within the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 139.10 Td (Research and development, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.95 139.10 Td ( line item in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 240.21 139.10 Td (Consolidated Statements of Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.58 139.10 Td ( related to the research and development ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 127.10 Td (asset giving rise to the asset retirement obligation.) Tj ET Q endstream endobj 209 0 obj <> endobj 210 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (101) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 50 740.68505859375 m 82.490234375 740.68505859375 l s q 0 0 0 rg BT 50.00 742.25 Td (Note 12) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 82.490234375 740.68505859375 m 177.783203125 740.68505859375 l s q 0 0 0 rg BT 82.49 742.25 Td ( - Stockholders Equity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 725.25 Td (The Company has two classes of capital stock authorized, common stock and preferred stock, which are described as follows: ) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 706.9169921875 m 112.2900390625 706.9169921875 l s q 0 0 0 rg BT 50.00 708.25 Td (Pr) Tj ET Q q 0 0 0 rg BT 59.63 708.25 Td (eferr) Tj ET Q q 0 0 0 rg BT 78.70 708.25 Td (ed Stock) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 691.25 Td (The Board of Directors is authorized to provide, out of the unissued shares of Preferred Stock and to fix the number of shares ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 679.25 Td (constituting a series of Preferred Stock and, with respect to each series, to fix the number of shares and designation of such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 667.25 Td (series, the voting powers, if any) Tj ET Q q 0 0 0 rg BT 176.82 667.25 Td (, the preferences and relative, participating, option or other special rights, if any) Tj ET Q q 0 0 0 rg BT 494.94 667.25 Td (, and any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 655.25 Td (qualifications, limitations or restrictions thereof, of the shares of such series. ) Tj ET Q q 0 0 0 rg BT 357.70 655.25 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.14 655.25 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.73 655.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.17 655.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.17 655.25 Td (, there was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.70 655.25 Td (no) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 555.70 655.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 643.25 Td (Preferred Stock outstanding. ) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 624.9169921875 m 110.2685546875 624.9169921875 l s q 0 0 0 rg BT 50.00 626.25 Td (Common Stock) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 609.25 Td (Holders of common stock are entitled to one vote for each share held of record on all matters submitted to a vote of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 597.25 Td (stockholders. ) Tj ET Q q 0 0 0 rg BT 105.00 597.25 Td (Additionally) Tj ET Q q 0 0 0 rg BT 154.90 597.25 Td (, holders of common stock are entitled to receive dividends when and if declared by the Board of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 585.25 Td (Directors, subject to any statutory or contractual restrictions on payment of dividends and to any restrictions on the payment of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 573.25 Td (dividends imposed by the terms of any outstanding preferred stock. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 556.25 Td (Upon dissolution, liquidation or the sale of all or substantially all of the Company's assets, after payment in full of any amounts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 544.25 Td (required to be paid to creditors and to the holders of preferred stock having liquidation preferences, if any) Tj ET Q q 0 0 0 rg BT 471.98 544.25 Td (, the holders of shares ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 532.25 Td (of common stock will be entitled to receive the Company's remaining assets for distribution on a pro rata basis. ) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 513.9169921875 m 90.546875 513.9169921875 l s q 0 0 0 rg BT 50.00 515.25 Td (Dividends) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 498.25 Td (The Company is limited in its ability to pay dividends without concurrently increasing its letters of credit related to the Royalty ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 486.25 Td (A) Tj ET Q q 0 0 0 rg BT 56.30 486.25 Td (ward, further discussed in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 162.11 486.25 Td (Note 14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 194.05 486.25 Td (, in an amount equal to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.19 486.25 Td (50%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.52 486.25 Td ( of the fair market value of the dividend. ) Tj ET Q q 0 0 0 rg BT 470.73 486.25 Td (The Company is also ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 474.25 Td (restricted from paying dividends as a result of the Credit ) Tj ET Q q 0 0 0 rg BT 277.72 474.25 Td (Agreement entered into during the fourth quarter of 2015. Should the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 462.25 Td (Company pay dividends, the payment of such dividends will be dependent upon earnings, financial condition and other factors ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 450.25 Td (considered relevant by the Company's Board of Directors and will be subject to limitations imposed under Delaware law) Tj ET Q q 0 0 0 rg BT 531.86 450.25 Td (.) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 431.9169921875 m 80.537109375 431.9169921875 l s q 0 0 0 rg BT 50.00 433.25 Td (Activity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 416.25 Td (On November20, 2013, the Company closed on an underwritten public of) Tj ET Q q 0 0 0 rg BT 347.26 416.25 Td (fering selling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.80 416.25 Td (1,380,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.80 416.25 Td ( shares of common stock for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 404.25 Td ($22.50) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.50 404.25 Td ( per share generating approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.83 404.25 Td ($29.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.72 404.25 Td ( in net proceeds.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 387.25 Td (On March 14, 2014, the Company completed a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 240.51 387.25 Td (two) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 255.51 387.25 Td (-for) Tj ET Q q 0 0 0 rg BT 270.30 387.25 Td (-one stock split of the Company) Tj ET Q q 0 0 0 rg BT 401.12 387.25 Td (s common stock, which was ef) Tj ET Q q 0 0 0 rg BT 523.69 387.25 Td (fected in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 375.25 Td (the form of a common stock dividend. ) Tj ET Q q 0 0 0 rg BT 207.47 375.25 Td (All share amounts have been retroactively adjusted for the split.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 462.94 375.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.25 Td (On February 1, 2015, the Company entered into a Rights ) Tj ET Q q 0 0 0 rg BT 279.41 358.25 Td (Agreement with Computershare ) Tj ET Q q 0 0 0 rg BT 410.02 358.25 Td (T) Tj ET Q q 0 0 0 rg BT 415.78 358.25 Td (rust Company N.A. as the Rights ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.25 Td (Agent \(Rights ) Tj ET Q q 0 0 0 rg BT 112.77 346.25 Td (Agreement\) whereby it declared a dividend distribution of one Right for each outstanding share of common ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.25 Td (stock, par value of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.36 334.25 Td ($0.001) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.86 334.25 Td (. ) Tj ET Q q 0 0 0 rg BT 158.68 334.25 Td (The dividend was payable to holders of record as of the close of business on February 16, 2015 \(the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.25 Td ("Record Date"\). Each holder of Common Stock as of the Record Date received a dividend of one Right per share of Common ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.25 Td (Stock. One Right was also issued together with each share of Common Stock issued by the Company after the Record Date and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.25 Td (prior to the Distribution Date, and in certain circumstances, after the Distribution Date. New certificates for Common Stock ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.25 Td (issued after the Record Date contain a notation incorporating the Rights ) Tj ET Q q 0 0 0 rg BT 339.09 286.25 Td (Agreement by reference. Until the distribution date, the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.25 Td (Rights are not exercisable and can only be transferred in connection with the transfer of Common Stock. ) Tj ET Q q 0 0 0 rg BT 469.88 274.25 Td (As of the distribution ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.25 Td (date, if it occurs, the Rights will separate from the Common Stock and become exercisable to purchase one one-thousands of a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.25 Td (share of Series ) Tj ET Q q 0 0 0 rg BT 110.82 250.25 Td (A) Tj ET Q q 0 0 0 rg BT 117.49 250.25 Td ( Junior Preferred Stock of the Company at a purchase price, which may be adjusted, of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.82 250.25 Td ($63.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.32 250.25 Td (. ) Tj ET Q q 0 0 0 rg BT 499.14 250.25 Td (This portion of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.25 Td (a share of Preferred Stock would give the holder approximately the same dividend, voting and liquidation rights as would one ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.25 Td (share of Common Stock. ) Tj ET Q q 0 0 0 rg BT 151.75 226.25 Td (The Series ) Tj ET Q q 0 0 0 rg BT 196.19 226.25 Td (A) Tj ET Q q 0 0 0 rg BT 202.86 226.25 Td ( Junior Preferred Stock is not redeemable and ranks junior to all other series of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.25 Td (Company's Preferred Stock as to the payment of dividends and distribution of assets. On December16, 2015, the Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.25 Td (entered into the First ) Tj ET Q q 0 0 0 rg BT 134.99 202.25 Td (Amendment to the Rights ) Tj ET Q q 0 0 0 rg BT 239.98 202.25 Td (Agreement \("Amendment"\). ) Tj ET Q q 0 0 0 rg BT 355.98 202.25 Td (The ) Tj ET Q q 0 0 0 rg BT 373.48 202.25 Td (Amendment amended the definition of an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.25 Td (Acquiring Person to increase the beneficial ownership threshold of the Company's common stock in such definition from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.25 Td (10%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.33 178.25 Td ( to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.11 178.25 Td (20%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.44 178.25 Td (. ) Tj ET Q q 0 0 0 rg BT 104.26 178.25 Td (The ) Tj ET Q q 0 0 0 rg BT 121.75 178.25 Td (Amendment did not change the expiration date. ) Tj ET Q q 0 0 0 rg BT 314.29 178.25 Td (The Rights expired on February 1, 2016. ) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 50 152.68505859375 m 82.490234375 152.68505859375 l s q 0 0 0 rg BT 50.00 154.25 Td (Note 13) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 82.490234375 152.68505859375 m 207.7783203125 152.68505859375 l s q 0 0 0 rg BT 82.49 154.25 Td ( - Stock-Based Compensation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.25 Td (The number of shares and units described in this Note 13 have been retroactively restated to reflect the two for one stock split ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.25 Td (of the Company) Tj ET Q q 0 0 0 rg BT 117.21 118.25 Td (s common stock, which was ef) Tj ET Q q 0 0 0 rg BT 239.79 118.25 Td (fected in the form of a common stock dividend distributed on March 14, 2014. ) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 92.9169921875 m 89.716796875 92.9169921875 l s q 0 0 0 rg BT 50.00 94.25 Td (The Plans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 70.25 Td (The Company currently has several stock and option plans, including the 2005 Directors) Tj ET Q q 0 0 0 rg BT 406.67 70.25 Td ( Compensation Plan \(the 2005 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 58.25 Td (Plan\), the ) Tj ET Q q 0 0 0 rg BT 94.71 58.25 Td (Amended and Restated 2007 Equity Incentive Plan, as amended \(the 2007 Plan\), the ) Tj ET Q q 0 0 0 rg BT 443.23 58.25 Td (Amended and Restated 2010 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 46.25 Td (Non-Management Compensation and Incentive Plan, as amended \(the 2010 Plan\) and the Profit Sharing Retirement Plan, ) Tj ET Q endstream endobj 211 0 obj <> endobj 212 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (102) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (which is a plan qualified under Section401\(k\) of the Internal Revenue Code \(the 401\(k\) Plan\) as described below) Tj ET Q q 0 0 0 rg BT 513.09 742.10 Td (. ) Tj ET Q q 0 0 0 rg BT 517.91 742.10 Td (These ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (plans allow the Company to issue stock-based awards, including common stock, restricted stock, stock options and other rights ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (and benefits under the plans to employees, directors and non-employees. ) Tj ET Q q 0 0 0 rg BT 342.70 718.10 Td (As discussed in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.42 718.10 Td (Note 1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.36 718.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.79 718.10 Td (Note 20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.73 718.10 Td (, ef) Tj ET Q q 0 0 0 rg BT 498.32 718.10 Td (fective July1, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (2013, ) Tj ET Q q 0 0 0 rg BT 74.45 706.10 Td (ADES replaced ) Tj ET Q q 0 0 0 rg BT 138.87 706.10 Td (ADA) Tj ET Q q 0 0 0 rg BT 159.99 706.10 Td ( as the publicly held corporation and assumed and adopted these plans and the outstanding awards ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (granted pursuant to the plans.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (The 2005 Plan) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.89 670.10 Td ( - During 2005, the Company adopted the 2005 Plan, which authorized the issuance of shares of common stock ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (and the grant of options to purchase shares of common stock to non-management directors. Under the 2005 Plan, the award of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (stock is limited to not more than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 181.93 646.10 Td (2,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 204.43 646.10 Td ( shares per individual per year) Tj ET Q q 0 0 0 rg BT 324.81 646.10 Td (, and the grant of options is limited to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.57 646.10 Td (10,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.07 646.10 Td (per ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (individual in total. ) Tj ET Q q 0 0 0 rg BT 125.92 634.10 Td (The aggregate number of shares of common stock reserved for issuance under the 2005 Plan totals ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.47 634.10 Td (180,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.97 634.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (shares \() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.82 622.10 Td (100,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.32 622.10 Td ( in the form of stock awards and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 244.95 622.10 Td (80,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.45 622.10 Td ( in the form of options\). ) Tj ET Q q 0 0 0 rg BT 370.31 622.10 Td (These stock options vest in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.13 622.10 Td (three) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.12 622.10 Td ( equal annual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (installments beginning one year after the grant date. ) Tj ET Q q 0 0 0 rg BT 260.02 610.10 Td (The 2005 Plan terminated during 2015.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (The 2007 Plan) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.89 586.10 Td ( - During 2007, the Company adopted the 2007 Plan, as amended and restated on July 1, 2013 and amended on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (July 19, 2012 and February 12, 2014, with two additional amendments, approved by the Board on February 13, 2014 and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (June 5, 2015, pending stockholder approval. ) Tj ET Q q 0 0 0 rg BT 229.51 562.10 Td (The 2007 Plan permits grants to employees, directors and non-employees of shares ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (of common stock, restricted stock, stock options, cash awards and other rights and benefits under the plan. ) Tj ET Q q 0 0 0 rg BT 477.77 550.10 Td (The maximum ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (annual grant limit for a non-management director on an annual basis is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.47 538.10 Td (50,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.97 538.10 Td ( shares \(subject to stockholder approval\). ) Tj ET Q q 0 0 0 rg BT 529.68 538.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (maximum awards available to be granted from the 2007 Plan on an annual basis to any other individual is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.18 526.10 Td (400,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.68 526.10 Td ( shares ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (\(subject to stockholder approval\). ) Tj ET Q q 0 0 0 rg BT 186.72 514.10 Td (The total number of shares authorized for issuance under the 2007 Plan is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.58 514.10 Td (3.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.48 514.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (The Compensation Committee of the Board of Directors has also approved annual long-term incentive awards for executive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (of) Tj ET Q q 0 0 0 rg BT 58.15 478.10 Td (ficers under the 2007 Plan. ) Tj ET Q q 0 0 0 rg BT 167.94 478.10 Td (The awards vest in equal installments over a period of three years subject to the grantee) Tj ET Q q 0 0 0 rg BT 520.87 478.10 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (continuous service with the Company and the grant of PSU's. Each PSU represents a contingent right to receive shares of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (Company) Tj ET Q q 0 0 0 rg BT 91.67 454.10 Td (s common stock if the Company meets certain performance measures over the requisite period. ) Tj ET Q q 0 0 0 rg BT 474.41 454.10 Td (V) Tj ET Q q 0 0 0 rg BT 480.53 454.10 Td (esting of the PSU's, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (if at all, will occur no later than January2 after the conclusion of the third year of the performance period, subject to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (grantee) Tj ET Q q 0 0 0 rg BT 82.20 430.10 Td (s continuous service and the achievement of certain pre-established performance goals. ) Tj ET Q q 0 0 0 rg BT 432.62 430.10 Td (Amounts vested are measured ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (as of December31st, immediately prior to the end of the service period, unless the PSU's vest sooner at the tar) Tj ET Q q 0 0 0 rg BT 491.50 418.10 Td (get amount as a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (result of certain transactions pursuant to Section1) Tj ET Q q 0 0 0 rg BT 249.85 406.10 Td (1 of the 2007 Plan.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (The number of shares of common stock a participant receives will be increased \(up to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.16 382.10 Td (200 percent) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.08 382.10 Td ( of tar) Tj ET Q q 0 0 0 rg BT 465.78 382.10 Td (get levels\) or reduced ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (\(down to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.33 370.10 Td (zero) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.54 370.10 Td (\) based on the level of achievement of performance goals. ) Tj ET Q q 0 0 0 rg BT 339.42 370.10 Td (The number of PSU's that may be earned by a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (participant is determined at the end of the performance period based on the relative placement of the Company) Tj ET Q q 0 0 0 rg BT 495.66 358.10 Td (s total ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td (stockholder return \(TSR\) for that period with approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.15 346.10 Td (75%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.48 346.10 Td ( of the award based on the relative performance of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (Company) Tj ET Q q 0 0 0 rg BT 91.67 334.10 Td (s ) Tj ET Q q 0 0 0 rg BT 97.88 334.10 Td (TSR performance compared to the respective ) Tj ET Q q 0 0 0 rg BT 281.51 334.10 Td (TSRs of a specified group of peer companies and the remaining ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (portion of the award based on the Company) Tj ET Q q 0 0 0 rg BT 228.01 322.10 Td (s ) Tj ET Q q 0 0 0 rg BT 234.22 322.10 Td (TSR performance compared to the Russell 3000 Index. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (The 2010 Plan) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.89 298.10 Td ( - During 2010, the Company adopted the 2010 Plan which permits grants of awards to employees, which may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (be shares, rights to purchase restricted stock, bonuses of restricted stock, or other rights or benefits under the plan. ) Tj ET Q q 0 0 0 rg BT 508.86 286.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (Company reserved ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 127.75 274.10 Td (600,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 160.25 274.10 Td ( shares of its common stock for these purposes. ) Tj ET Q q 0 0 0 rg BT 351.70 274.10 Td (The Plan was amended and restated as of July19, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (2012 to make non-material changes to assure Internal Revenue Code Section409A) Tj ET Q q 0 0 0 rg BT 381.85 262.10 Td ( compliance.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td (The 401\(k\) Plan) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 114.99 238.10 Td ( - In 2009, the Company revised its 401\(k\) Plan to allow the issuance of shares of its common stock to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (employees to satisfy its obligation to match employee contributions under the terms of the plan in lieu of matching ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td (contributions in cash. ) Tj ET Q q 0 0 0 rg BT 138.14 214.10 Td (The Company reserved ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.94 214.10 Td (600,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.44 214.10 Td ( shares of its common stock for this purpose. ) Tj ET Q q 0 0 0 rg BT 447.90 214.10 Td (The value of common stock ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (issued as matching contributions under the plan is determined based on the per share market value of the Company) Tj ET Q q 0 0 0 rg BT 512.65 202.10 Td (s common ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.10 Td (stock generally on quarterly authorization dates. ) Tj ET Q q 0 0 0 rg BT 244.66 190.10 Td (Activity related to the 401\(k\) Plan is included in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.45 190.10 Td (Note 15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.39 190.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.10 Td (Collectively) Tj ET Q q 0 0 0 rg BT 98.23 166.10 Td (, these plans are called the Plans.) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 140.76699218750002 m 83.876953125 140.76699218750002 l s q 0 0 0 rg BT 50.00 142.10 Td (Expense) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 116.76699218750002 m 114.697265625 116.76699218750002 l s q 0 0 0 rg BT 50.00 118.10 Td (Restricted Stock) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 114.70 118.10 Td ( - Restricted stock is typically granted with vesting terms of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.04 118.10 Td (three) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.02 118.10 Td ( or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.35 118.10 Td (five) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.90 118.10 Td ( years. ) Tj ET Q q 0 0 0 rg BT 435.82 118.10 Td (The fair value of Restricted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 74.73 106.10 Td (A) Tj ET Q q 0 0 0 rg BT 81.03 106.10 Td (wards \("RSA's"\) is determined based on the closing price of the Company) Tj ET Q q 0 0 0 rg BT 380.10 106.10 Td (s common stock on the authorization date of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.10 Td (the grant multiplied by the number of shares subject to the stock award. Compensation expense for restricted stock awards is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.10 Td (generally recognized over the entire vesting period on a straight-line basis. ) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 56.76699218750002 m 105.8251953125 56.76699218750002 l s q 0 0 0 rg BT 50.00 58.10 Td (Stock Options) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.83 58.10 Td ( - Stock options generally vest over ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.96 58.10 Td (three) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.95 58.10 Td ( years and have a contractual limit of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.44 58.10 Td (five) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.99 58.10 Td ( years from the date of grant to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 46.10 Td (exercise. ) Tj ET Q q 0 0 0 rg BT 90.07 46.10 Td (The fair value of stock options granted is determined on the date of grant using the Black-Scholes option pricing ) Tj ET Q endstream endobj 213 0 obj <> endobj 214 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (103) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (model and the related expense is recognized on a straight-line basis over the entire vesting period. ) Tj ET Q q 0 0 0 rg BT 443.85 742.10 Td (The following table indicates ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (the weighted average assumptions that were used related to the awards granted for the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.51 730.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.10 730.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.10 730.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.10 730.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.94 718.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.94 718.10 Td (, respectively: ) Tj ET Q 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 50.50 666.60 290.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 340.50 666.60 4.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 344.50 666.60 70.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 414.50 666.60 4.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 418.50 666.60 70.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 488.50 666.60 4.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 492.50 666.60 70.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 50.50 636.60 290.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 340.50 636.60 4.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 344.50 636.60 70.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 414.50 636.60 4.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 418.50 636.60 70.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 488.50 636.60 4.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 492.50 636.60 70.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 694.6 m 414.5 694.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 694.6 m 418.5 694.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 694.6 m 488.5 694.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 694.6 m 492.5 694.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 694.6 m 562.5 694.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 681.6 m 414.5 681.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 681.6 m 488.5 681.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 694.6 m 562.5 694.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 681.6 m 562.5 681.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 681.6 m 488.5 681.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 681.6 m 562.5 681.6 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 698.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 407.05 698.83 Td (Years Ended December 31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 685.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 371.00 685.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 445.00 685.83 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 519.00 685.83 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 671.27 Td (Stock options granted:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 656.27 Td ( Risk-free interest rate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 656.27 Td (1.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.65 656.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 656.27 Td (1.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 656.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.15 656.27 Td (0.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 656.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 641.27 Td ( Dividend yield) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.65 641.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.65 641.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.65 641.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 641.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 641.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 641.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 626.27 Td ( Volatility) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.15 626.27 Td (74.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.65 626.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 626.27 Td (80.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 626.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 626.27 Td (91.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 626.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 611.27 Td ( Expected term \(in years\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.50 611.27 Td (5.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.50 611.27 Td (5.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.50 611.27 Td (5.0) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 578.10 Td (The Company uses historical data to estimate inputs used in the Black-Scholes option pricing model. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 554.10 Td (Risk-fr) Tj ET Q q 0 0 0 rg BT 76.85 554.10 Td (ee inter) Tj ET Q q 0 0 0 rg BT 106.74 554.10 Td (est rate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.46 554.10 Td ( - ) Tj ET Q q 0 0 0 rg BT 144.60 554.10 Td (The risk-free interest rate for stock options granted during the period was determined by using a zero-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 542.10 Td (coupon U.S. ) Tj ET Q q 0 0 0 rg BT 102.04 542.10 Td (T) Tj ET Q q 0 0 0 rg BT 107.80 542.10 Td (reasury rate for the periods that coincided with the expected terms listed above. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 518.10 Td (Dividends) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.55 518.10 Td ( - ) Tj ET Q q 0 0 0 rg BT 98.33 518.10 Td (As no dividends have been paid, nor are expected to be paid in future periods, no dividend yield was included in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 506.10 Td (the calculations. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 482.10 Td (Expected volatility) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 124.69 482.10 Td ( - ) Tj ET Q q 0 0 0 rg BT 132.84 482.10 Td (T) Tj ET Q q 0 0 0 rg BT 138.25 482.10 Td (o calculate expected volatility) Tj ET Q q 0 0 0 rg BT 257.27 482.10 Td (, the Company) Tj ET Q q 0 0 0 rg BT 318.65 482.10 Td (s historical volatility of common shares was used. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 458.10 Td (Expected term) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 107.47 458.10 Td ( - ) Tj ET Q q 0 0 0 rg BT 115.62 458.10 Td (The Company) Tj ET Q q 0 0 0 rg BT 175.33 458.10 Td (s expected term of options was based upon historical exercise behavior and consideration of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 446.10 Td (vesting term of the Company) Tj ET Q q 0 0 0 rg BT 169.42 446.10 Td (s options and the options) Tj ET Q q 0 0 0 rg BT 271.46 446.10 Td ( contractual term of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.53 446.10 Td (five) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.08 446.10 Td ( years.) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 420.7669921875 m 153.8720703125 420.7669921875 l s q 0 0 0 rg BT 50.00 422.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 73.97 422.10 Td (Appr) Tj ET Q q 0 0 0 rg BT 93.60 422.10 Td (eciation Rights) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.87 422.10 Td ( - Stock ) Tj ET Q q 0 0 0 rg BT 186.93 422.10 Td (Appreciation Rights \("SAR's"\) generally vest over ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.30 422.10 Td (three) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.28 422.10 Td ( years and have a contractual limit of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 410.10 Td (five) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.55 410.10 Td ( years from the date of grant to exercise. ) Tj ET Q q 0 0 0 rg BT 229.18 410.10 Td (The fair value of SAR's granted is determined on the date of grant using the Black-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 398.10 Td (Scholes option pricing model and the related expense is recognized on a straight-line basis over the derived service period of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 386.10 Td (the respective awards. For those awards granted during the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.78 386.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.37 386.10 Td (, as settlement of the award is out of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 374.10 Td (the control of the Company) Tj ET Q q 0 0 0 rg BT 159.33 374.10 Td (, the awards are currently classified as liability based equity awards and are recorded at the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 362.10 Td (estimated fair value at each balance sheet date. ) Tj ET Q q 0 0 0 rg BT 239.44 362.10 Td (The following table indicates the weighted average assumptions that were used ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 350.10 Td (related to the awards granted for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.96 350.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.55 350.10 Td (. No SAR's were granted prior to January 1, 2015. ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 313.60 408.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 313.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 313.60 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 283.60 408.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 283.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 283.60 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 253.60 408.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 253.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 253.60 100.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 326.6 m 562.5 326.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 313.6 m 562.5 313.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 313.6 m 562.5 313.6 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 330.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 466.05 330.83 Td (Years Ended December 31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 317.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 504.00 317.83 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 303.27 Td (SAR's granted:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 288.27 Td ( Risk-free interest rate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.15 288.27 Td (1.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 288.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 273.27 Td ( Dividend yield) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 273.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 273.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 258.27 Td ( Volatility) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 258.27 Td (74.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 258.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 243.27 Td ( Expected term \(in years\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.50 243.27 Td (5.0) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 210.10 Td (The Company uses historical data to estimate inputs used in the Black-Scholes option pricing model. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 186.10 Td (Risk-fr) Tj ET Q q 0 0 0 rg BT 76.85 186.10 Td (ee inter) Tj ET Q q 0 0 0 rg BT 106.74 186.10 Td (est rate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.46 186.10 Td ( - ) Tj ET Q q 0 0 0 rg BT 144.60 186.10 Td (The risk-free interest rate for SAR's granted during the period was determined by using a zero-coupon ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 174.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 70.10 174.10 Td (T) Tj ET Q q 0 0 0 rg BT 75.86 174.10 Td (reasury rate for the periods that coincided with the expected terms listed above. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 150.10 Td (Dividends) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.55 150.10 Td ( - ) Tj ET Q q 0 0 0 rg BT 98.33 150.10 Td (As no dividends have been paid, nor are expected to be paid in future periods, no dividend yield was included in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 138.10 Td (the calculations. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 114.10 Td (Expected volatility) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 124.69 114.10 Td ( - ) Tj ET Q q 0 0 0 rg BT 132.84 114.10 Td (T) Tj ET Q q 0 0 0 rg BT 138.25 114.10 Td (o calculate expected volatility) Tj ET Q q 0 0 0 rg BT 257.27 114.10 Td (, the Company) Tj ET Q q 0 0 0 rg BT 318.65 114.10 Td (s historical volatility of common shares was used. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 90.10 Td (Expected term) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 107.47 90.10 Td ( - ) Tj ET Q q 0 0 0 rg BT 115.62 90.10 Td (The Company) Tj ET Q q 0 0 0 rg BT 175.33 90.10 Td (s expected term of SAR's was based upon consideration of the contractual term of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 78.10 Td (Company) Tj ET Q q 0 0 0 rg BT 91.67 78.10 Td (s SAR's of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.53 78.10 Td (five) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 152.08 78.10 Td ( years.) Tj ET Q endstream endobj 215 0 obj <> endobj 216 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (104) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (PSU's - ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 82.69 742.10 Td (Compensation expense is recognized for PSU awards on a straight-line basis over a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.99 742.10 Td (three) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.98 742.10 Td (-year service period based on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (the estimated fair value at the date of grant using a Monte Carlo simulation model using the following weighted average ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (assumptions:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 681.60 290.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 681.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 681.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 681.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 681.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 681.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 681.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 651.60 290.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 651.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 651.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 651.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 651.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 651.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 651.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 621.60 290.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 621.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 621.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 621.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 621.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 621.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 621.60 70.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 694.6 m 413.5 694.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 694.6 m 417.5 694.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 694.6 m 487.5 694.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 694.6 m 491.5 694.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 694.6 m 561.5 694.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 681.6 m 413.5 681.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 681.6 m 487.5 681.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 681.6 m 561.5 681.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 681.6 m 413.5 681.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 681.6 m 487.5 681.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 681.6 m 561.5 681.6 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 698.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 406.05 698.83 Td (Years Ended December 31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 685.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 370.00 685.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 444.00 685.83 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 518.00 685.83 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 671.27 Td (PSUs granted:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 656.27 Td (Risk-free interest rate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.15 656.27 Td (1.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.65 656.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.15 656.27 Td (0.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.65 656.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 656.27 Td (0.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 656.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 641.27 Td (Dividend yield) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.65 641.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.65 641.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.65 641.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.65 641.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 641.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 641.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 626.27 Td (Volatility) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.15 626.27 Td (64.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.65 626.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 626.27 Td (74.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.65 626.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 626.27 Td (81.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 626.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 611.27 Td (Performance period \(in years\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.50 611.27 Td (3.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.50 611.27 Td (3.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.50 611.27 Td (3.0) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 583.10 Td (The Company uses historical data to estimate inputs used in the Monte Carlo pricing model. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 559.10 Td (Risk-fr) Tj ET Q q 0 0 0 rg BT 76.85 559.10 Td (ee inter) Tj ET Q q 0 0 0 rg BT 106.74 559.10 Td (est rate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.46 559.10 Td ( - ) Tj ET Q q 0 0 0 rg BT 144.60 559.10 Td (The risk-free interest rate for PSU's granted during the period was determined by using a zero-coupon ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 547.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 70.10 547.10 Td (T) Tj ET Q q 0 0 0 rg BT 75.86 547.10 Td (reasury rate for the periods that coincided with the expected terms listed above. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 523.10 Td (Dividends) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.55 523.10 Td ( - ) Tj ET Q q 0 0 0 rg BT 98.33 523.10 Td (As no dividends have been paid, nor are expected to be paid in future periods, no dividend yield was included in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 511.10 Td (the calculations. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 487.10 Td (Expected volatility) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 124.69 487.10 Td ( - ) Tj ET Q q 0 0 0 rg BT 132.84 487.10 Td (T) Tj ET Q q 0 0 0 rg BT 138.25 487.10 Td (o calculate expected volatility) Tj ET Q q 0 0 0 rg BT 257.27 487.10 Td (, the Company) Tj ET Q q 0 0 0 rg BT 318.65 487.10 Td (s historical volatility of common shares was used. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 463.10 Td (Performance period) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 130.82 463.10 Td ( - ) Tj ET Q q 0 0 0 rg BT 138.96 463.10 Td (The Company) Tj ET Q q 0 0 0 rg BT 198.68 463.10 Td (s performance period is based upon the vesting term of the Company) Tj ET Q q 0 0 0 rg BT 477.22 463.10 Td (s PSU awards.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 439.10 Td (The Company recorded the following compensation expense related to its various plans:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 387.60 290.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 387.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 387.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 387.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 387.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 387.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 387.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 357.60 290.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 357.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 357.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 357.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 357.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 357.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 357.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 327.60 290.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 327.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 327.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 327.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 327.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 327.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 327.60 70.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 415.6 m 414.5 415.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 415.6 m 418.5 415.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 415.6 m 488.5 415.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 415.6 m 492.5 415.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 415.6 m 562.5 415.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 402.6 m 340.5 402.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 402.6 m 414.5 402.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 402.6 m 488.5 402.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 415.6 m 562.5 415.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 402.6 m 562.5 402.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 342.6 m 414.5 342.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 342.6 m 488.5 342.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 342.6 m 562.5 342.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 342.6 m 488.5 342.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 342.6 m 562.5 342.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 312.6 m 414.5 312.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 298.6 m 414.5 298.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 296.6 m 414.5 296.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 312.6 m 488.5 312.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 298.6 m 488.5 298.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 296.6 m 488.5 296.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 312.6 m 562.5 312.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 298.6 m 562.5 298.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 296.6 m 562.5 296.6 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 419.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 407.05 419.83 Td (Years Ended December 31,) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 53.00 406.85 Td (\(in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 371.00 406.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 445.00 406.83 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 519.00 406.83 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 392.27 Td (RSA expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.00 392.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.15 392.27 Td (2,909) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 392.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 392.27 Td (2,612) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 392.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 392.27 Td (1,681) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 377.27 Td (Stock option expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.65 377.27 Td (658) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.65 377.27 Td (117) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 377.27 Td (48) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 362.27 Td (SAR expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.65 362.27 Td (742) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 362.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 362.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 347.27 Td (PSU expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.15 347.27 Td (2,895) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 347.27 Td (1,983) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 347.27 Td (583) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 332.27 Td (Total stock-based compensation expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.15 332.27 Td (7,204) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 332.27 Td (4,712) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 332.27 Td (2,312) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 317.27 Td (Income tax benefit from stock-based compensation expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.65 317.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 317.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 317.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 302.27 Td (Net income impact) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.00 302.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.15 302.27 Td (7,204) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 302.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 302.27 Td (4,712) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 302.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 302.27 Td (2,312) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (The Company recorded awards to Directors in General and administrative expense line and all other awards within the Payroll ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (and benefit expense line in the accompanying Consolidated Statements of Operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td (During ) Tj ET Q q 0 0 0 rg BT 80.21 238.10 Td (the ) Tj ET Q q 0 0 0 rg BT 94.32 238.10 Td (years ) Tj ET Q q 0 0 0 rg BT 117.30 238.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 143.06 238.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 201.03 238.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.03 238.10 Td ( ) Tj ET Q q 0 0 0 rg BT 222.92 238.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 239.24 238.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.24 238.10 Td (, ) Tj ET Q q 0 0 0 rg BT 263.62 238.10 Td (the ) Tj ET Q q 0 0 0 rg BT 277.72 238.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 318.50 238.10 Td (modified ) Tj ET Q q 0 0 0 rg BT 356.48 238.10 Td (the ) Tj ET Q q 0 0 0 rg BT 370.59 238.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 394.69 238.10 Td (of ) Tj ET Q q 0 0 0 rg BT 404.90 238.10 Td (awards ) Tj ET Q q 0 0 0 rg BT 435.11 238.10 Td (granted ) Tj ET Q q 0 0 0 rg BT 466.98 238.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.64 238.10 Td (37) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.64 238.10 Td ( ) Tj ET Q q 0 0 0 rg BT 488.53 238.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.85 238.10 Td (17) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.85 238.10 Td ( ) Tj ET Q q 0 0 0 rg BT 516.73 238.10 Td (employees, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 97.66 226.10 Td (, ) Tj ET Q q 0 0 0 rg BT 103.31 226.10 Td (in ) Tj ET Q q 0 0 0 rg BT 114.24 226.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 161.26 226.10 Td (with ) Tj ET Q q 0 0 0 rg BT 182.19 226.10 Td (its ) Tj ET Q q 0 0 0 rg BT 194.79 226.10 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 249.04 226.10 Td (plans ) Tj ET Q q 0 0 0 rg BT 273.30 226.10 Td (and ) Tj ET Q q 0 0 0 rg BT 290.89 226.10 Td (termination ) Tj ET Q q 0 0 0 rg BT 340.14 226.10 Td (of ) Tj ET Q q 0 0 0 rg BT 351.62 226.10 Td (the ) Tj ET Q q 0 0 0 rg BT 366.98 226.10 Td (impacted ) Tj ET Q q 0 0 0 rg BT 406.79 226.10 Td (employees ) Tj ET Q q 0 0 0 rg BT 452.70 226.10 Td (discussed ) Tj ET Q q 0 0 0 rg BT 494.18 226.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.11 226.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 527.70 226.10 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.70 226.10 Td (. ) Tj ET Q q 0 0 0 rg BT 538.12 226.10 Td (These ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td (modifications ) Tj ET Q q 0 0 0 rg BT 106.25 214.10 Td (resulted ) Tj ET Q q 0 0 0 rg BT 139.17 214.10 Td (in ) Tj ET Q q 0 0 0 rg BT 148.21 214.10 Td (the ) Tj ET Q q 0 0 0 rg BT 161.69 214.10 Td (accelerated ) Tj ET Q q 0 0 0 rg BT 207.90 214.10 Td (vesting ) Tj ET Q q 0 0 0 rg BT 238.05 214.10 Td (and ) Tj ET Q q 0 0 0 rg BT 253.75 214.10 Td (incremental ) Tj ET Q q 0 0 0 rg BT 302.21 214.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 335.68 214.10 Td (related ) Tj ET Q q 0 0 0 rg BT 364.14 214.10 Td (to ) Tj ET Q q 0 0 0 rg BT 373.18 214.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 401.64 214.10 Td (performance-based ) Tj ET Q q 0 0 0 rg BT 479.53 214.10 Td (awards ) Tj ET Q q 0 0 0 rg BT 509.11 214.10 Td (and ) Tj ET Q q 0 0 0 rg BT 524.81 214.10 Td (restricted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 73.32 202.10 Td (awards. ) Tj ET Q q 0 0 0 rg BT 105.87 202.10 Td (As ) Tj ET Q q 0 0 0 rg BT 119.19 202.10 Td (a ) Tj ET Q q 0 0 0 rg BT 125.85 202.10 Td (result, ) Tj ET Q q 0 0 0 rg BT 152.78 202.10 Td (during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 181.10 202.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 201.10 202.10 Td ( ) Tj ET Q q 0 0 0 rg BT 203.31 202.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.96 202.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 239.96 202.10 Td (, ) Tj ET Q q 0 0 0 rg BT 244.68 202.10 Td (the ) Tj ET Q q 0 0 0 rg BT 259.11 202.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 300.21 202.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 346.28 202.10 Td (incremental ) Tj ET Q q 0 0 0 rg BT 395.69 202.10 Td (share-based ) Tj ET Q q 0 0 0 rg BT 445.10 202.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 502.86 202.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.40 202.10 Td ($3.4 ) Tj ET Q q 0 0 0 rg BT 533.12 202.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.75 190.10 Td ($1.0 ) Tj ET Q q 0 0 0 rg BT 84.57 190.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.46 190.10 Td (, ) Tj ET Q q 0 0 0 rg BT 117.27 190.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 164.94 190.10 Td (, ) Tj ET Q q 0 0 0 rg BT 168.75 190.10 Td (which ) Tj ET Q q 0 0 0 rg BT 194.50 190.10 Td (was ) Tj ET Q q 0 0 0 rg BT 211.37 190.10 Td (included ) Tj ET Q q 0 0 0 rg BT 247.12 190.10 Td (in ) Tj ET Q q 0 0 0 rg BT 256.21 190.10 Td (the ) Tj ET Q q 0 0 0 rg BT 269.74 190.10 Td (Payroll ) Tj ET Q q 0 0 0 rg BT 299.95 190.10 Td (and ) Tj ET Q q 0 0 0 rg BT 315.70 190.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 348.67 190.10 Td (line ) Tj ET Q q 0 0 0 rg BT 364.98 190.10 Td (item ) Tj ET Q q 0 0 0 rg BT 384.07 190.10 Td (in ) Tj ET Q q 0 0 0 rg BT 393.16 190.10 Td (the ) Tj ET Q q 0 0 0 rg BT 406.69 190.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 460.78 190.10 Td (Statements ) Tj ET Q q 0 0 0 rg BT 505.98 190.10 Td (of ) Tj ET Q q 0 0 0 rg BT 515.62 190.10 Td (Operations.) Tj ET Q endstream endobj 217 0 obj <> endobj 218 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (105) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (The amount of unrecognized compensation cost as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.04 742.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.63 742.10 Td (, and the expected weighted average period over ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (which the cost will be recognized is as follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 660.60 304.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 354.50 660.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 660.60 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 660.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 660.60 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 630.60 304.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 354.50 630.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 630.60 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 630.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 630.60 100.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 704.6 m 458.5 704.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 704.6 m 462.5 704.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 704.6 m 562.5 704.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 675.6 m 354.5 675.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 675.6 m 458.5 675.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 675.6 m 562.5 675.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 675.6 m 458.5 675.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 675.6 m 562.5 675.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 615.6 m 458.5 615.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 601.6 m 458.5 601.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 599.6 m 458.5 599.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 417.95 708.83 Td (As of December 31, 2015) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 53.00 679.85 Td (\(in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 384.50 687.83 Td (Unrecognized) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 374.55 679.83 Td (Compensation Cost) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 479.05 695.83 Td (Expected Weighted) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 481.40 687.83 Td (Average Period of) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 474.40 679.83 Td (Recognition \(in years\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 665.27 Td (RSA expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 665.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.65 665.27 Td (775) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.50 665.27 Td (0.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 650.27 Td (Stock option expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.65 650.27 Td (202) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.50 650.27 Td (0.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 635.27 Td (SAR expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.65 635.27 Td (746) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.50 635.27 Td (0.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 620.27 Td (PSU expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.65 620.27 Td (613) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.50 620.27 Td (1.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 605.27 Td (Total unrecognized stock-based compensation expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 605.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.15 605.27 Td (2,336) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.50 605.27 Td (0.7) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 582.3669921875 m 82.7734375 582.3669921875 l s q 0 0 0 rg BT 50.00 583.70 Td (Activity) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 552.9669921875 m 114.697265625 552.9669921875 l s q 0 0 0 rg BT 50.00 554.30 Td (Restricted Stock) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 530.30 Td (A) Tj ET Q q 0 0 0 rg BT 56.67 530.30 Td ( summary of the status and activity of non-vested RSA) Tj ET Q q 0 0 0 rg BT 275.25 530.30 Td ( is presented in the following table:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 453.80 168.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 218.50 453.80 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 272.50 453.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 276.50 453.80 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 453.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 334.50 453.80 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 453.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.50 453.80 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 453.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 453.80 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 453.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 453.80 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 423.80 168.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 218.50 423.80 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 272.50 423.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 276.50 423.80 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 423.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 334.50 423.80 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 423.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.50 423.80 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 423.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 423.80 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 423.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 423.80 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 393.80 168.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 218.50 393.80 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 272.50 393.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 276.50 393.80 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 393.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 334.50 393.80 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 393.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.50 393.80 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 393.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 393.80 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 393.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 393.80 54.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 218.5 506.8 m 272.5 506.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 272.5 506.8 m 276.5 506.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 506.8 m 330.5 506.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 506.8 m 334.5 506.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 506.8 m 388.5 506.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 506.8 m 392.5 506.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 506.8 m 446.5 506.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 506.8 m 450.5 506.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 506.8 m 504.5 506.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 506.8 m 508.5 506.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 506.8 m 562.5 506.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 218.5 506.8 m 272.5 506.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 218.5 491.8 m 272.5 491.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 272.5 506.8 m 276.5 506.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 506.8 m 330.5 506.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 491.8 m 330.5 491.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 506.8 m 334.5 506.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 506.8 m 388.5 506.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 491.8 m 388.5 491.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 506.8 m 392.5 506.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 491.8 m 392.5 491.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 506.8 m 446.5 506.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 491.8 m 446.5 491.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 506.8 m 450.5 506.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 506.8 m 504.5 506.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 491.8 m 504.5 491.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 506.8 m 508.5 506.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 491.8 m 508.5 491.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 506.8 m 562.5 506.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 491.8 m 562.5 491.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 218.5 491.8 m 272.5 491.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 218.5 453.8 m 272.5 453.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 491.8 m 330.5 491.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 453.8 m 330.5 453.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 491.8 m 388.5 491.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 453.8 m 388.5 453.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 491.8 m 392.5 491.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 491.8 m 446.5 491.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 453.8 m 446.5 453.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 491.8 m 504.5 491.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 453.8 m 504.5 453.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 491.8 m 508.5 491.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 491.8 m 562.5 491.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 453.8 m 562.5 453.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 453.8 m 218.5 453.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 218.5 453.8 m 272.5 453.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 453.8 m 330.5 453.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 453.8 m 388.5 453.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 453.8 m 446.5 453.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 453.8 m 504.5 453.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 453.8 m 562.5 453.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 218.5 393.8 m 272.5 393.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 218.5 379.8 m 272.5 379.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 218.5 377.8 m 272.5 377.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 393.8 m 388.5 393.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 379.8 m 388.5 379.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 377.8 m 388.5 377.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 393.8 m 504.5 393.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 379.8 m 504.5 379.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 377.8 m 504.5 377.8 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 330.75 511.03 Td (For the Years Ended December 31.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 266.00 496.03 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 382.00 496.03 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 498.00 496.03 Td (2013) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 53.00 466.05 Td (\(in thousands, except for share and per share) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 53.00 458.05 Td (amounts\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 233.50 458.03 Td (Shares) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 286.75 482.03 Td (W) Tj ET Q q 0 0 0 rg BT 294.31 482.03 Td (eighted) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 289.05 474.03 Td (A) Tj ET Q q 0 0 0 rg BT 294.23 474.03 Td (verage) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 283.55 466.03 Td (GrantDate) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 285.15 458.03 Td (Fair) Tj ET Q q 0 0 0 rg BT 299.67 458.03 Td ( ) Tj ET Q q 0 0 0 rg BT 301.52 458.03 Td (V) Tj ET Q q 0 0 0 rg BT 306.56 458.03 Td (alue) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 349.50 458.03 Td (Shares) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 401.40 482.03 Td (W) Tj ET Q q 0 0 0 rg BT 408.96 482.03 Td (eighted-) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 405.05 474.03 Td (A) Tj ET Q q 0 0 0 rg BT 410.23 474.03 Td (verage) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 399.20 466.03 Td (Grant-Date) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 401.15 458.03 Td (Fair) Tj ET Q q 0 0 0 rg BT 415.67 458.03 Td ( ) Tj ET Q q 0 0 0 rg BT 417.52 458.03 Td (V) Tj ET Q q 0 0 0 rg BT 422.56 458.03 Td (alue) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 465.50 458.03 Td (Shares) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 517.40 482.03 Td (W) Tj ET Q q 0 0 0 rg BT 524.96 482.03 Td (eighted-) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 521.05 474.03 Td (A) Tj ET Q q 0 0 0 rg BT 526.23 474.03 Td (verage) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 515.20 466.03 Td (Grant-Date) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 517.15 458.03 Td (Fair) Tj ET Q q 0 0 0 rg BT 531.67 458.03 Td ( ) Tj ET Q q 0 0 0 rg BT 533.52 458.03 Td (V) Tj ET Q q 0 0 0 rg BT 538.56 458.03 Td (alue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 444.37 Td (Non-vested at beginning of year) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.15 443.47 Td (209,921) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.50 443.47 Td ($13.59) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.15 443.47 Td (263,989) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.50 443.47 Td ($9.05) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.15 443.47 Td (254,156) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.50 443.47 Td ($6.96) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 428.47 Td (Granted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.15 428.47 Td (127,943) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.50 428.47 Td ($14.97) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.15 428.47 Td (112,643) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.50 428.47 Td ($24.74) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.15 428.47 Td (82,440) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.50 428.47 Td ($16.88) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 413.47 Td (Vested) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 232.80 413.47 Td (\(165,796) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.65 413.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.50 413.47 Td ($17.51) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.80 413.52 Td (\(118,364) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.65 413.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.50 413.47 Td ($15.75) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.80 413.52 Td (\(63,187) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.65 413.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.50 413.47 Td ($10.73) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 398.47 Td (Forfeited \(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.80 398.47 Td (\(37,360) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.65 398.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.50 398.47 Td ($19.30) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.80 398.52 Td (\(48,347) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.65 398.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.50 398.47 Td ($9.49) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.80 398.52 Td (\(9,420) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.65 398.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.50 398.47 Td ($9.53) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 384.37 Td (Non-vested at end of year) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.15 383.47 Td (134,708) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.50 383.47 Td ($8.49) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.15 383.47 Td (209,921) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.50 383.47 Td ($13.59) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.15 383.47 Td (263,989) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.50 383.47 Td ($9.05) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 355.30 Td (\(1\) Included within the 2015 forfeited / canceled units are RSA's related to a former executive that were clawed back. ) Tj ET Q q 0 0 0 rg BT 524.77 355.30 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 343.30 Td (Company recognized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 137.75 343.30 Td ($0.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 186.64 343.30 Td ( within ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.20 343.30 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 239.97 343.30 Td ( Income line item on the Consolidated Statement of Operations related to these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 331.30 Td (awards. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 307.30 Td (The weighted-average grant-date fair value of RSA's granted or modified during the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.88 307.30 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.46 307.30 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.46 307.30 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.46 307.30 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 295.30 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 295.30 Td ( was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.55 295.30 Td ($1.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.44 295.30 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 144.44 295.30 Td ($2.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.33 295.30 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 215.27 295.30 Td ($1.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 264.17 295.30 Td (, respectively) Tj ET Q q 0 0 0 rg BT 316.83 295.30 Td (. ) Tj ET Q q 0 0 0 rg BT 321.65 295.30 Td (The total fair value of shares vested during the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 283.30 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.58 283.30 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.58 283.30 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.58 283.30 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.02 283.30 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.02 283.30 Td ( was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 213.57 283.30 Td ($2.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.47 283.30 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.47 283.30 Td ($1.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.36 283.30 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.80 283.30 Td ($0.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.69 283.30 Td (, respectively) Tj ET Q q 0 0 0 rg BT 437.35 283.30 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 259.30 Td (During the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.63 259.30 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 220.21 259.30 Td (, the Company accelerated the terms of equity awards granted to employees as part ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 247.30 Td (of the reduction in workforce. ) Tj ET Q q 0 0 0 rg BT 172.00 247.30 Td (The Company recorded incremental expense of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.14 247.30 Td ($1.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.03 247.30 Td ( in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.53 247.30 Td (Payroll and benefits) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.51 247.30 Td ( line item ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 235.30 Td (in the Consolidated Statement of Operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 211.30 Td (During ) Tj ET Q q 0 0 0 rg BT 81.46 211.30 Td (the ) Tj ET Q q 0 0 0 rg BT 96.81 211.30 Td (years ) Tj ET Q q 0 0 0 rg BT 121.05 211.30 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 148.06 211.30 Td (December31, ) Tj ET Q q 0 0 0 rg BT 207.28 211.30 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.28 211.30 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 232.91 211.30 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.91 211.30 Td ( ) Tj ET Q q 0 0 0 rg BT 256.04 211.30 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.62 211.30 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.62 211.30 Td (, ) Tj ET Q q 0 0 0 rg BT 299.25 211.30 Td (the ) Tj ET Q q 0 0 0 rg BT 314.60 211.30 Td (Company ) Tj ET Q q 0 0 0 rg BT 356.62 211.30 Td (accelerated ) Tj ET Q q 0 0 0 rg BT 404.71 211.30 Td (the ) Tj ET Q q 0 0 0 rg BT 420.06 211.30 Td (vesting ) Tj ET Q q 0 0 0 rg BT 452.08 211.30 Td (and ) Tj ET Q q 0 0 0 rg BT 469.65 211.30 Td (expense ) Tj ET Q q 0 0 0 rg BT 504.99 211.30 Td (recognition ) Tj ET Q q 0 0 0 rg BT 553.67 211.30 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 199.30 Td (95,088) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.50 199.30 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 82.60 199.30 Td (55,106) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.10 199.30 Td ( ) Tj ET Q q 0 0 0 rg BT 112.71 199.30 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 129.75 199.30 Td (744) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 144.75 199.30 Td ( ) Tj ET Q q 0 0 0 rg BT 147.35 199.30 Td (RSA's ) Tj ET Q q 0 0 0 rg BT 175.10 199.30 Td (granted ) Tj ET Q q 0 0 0 rg BT 207.69 199.30 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 218.07 199.30 Td (37) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 228.07 199.30 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.17 199.30 Td (17) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.17 199.30 Td ( ) Tj ET Q q 0 0 0 rg BT 245.77 199.30 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.81 199.30 Td (one) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.25 199.30 Td ( ) Tj ET Q q 0 0 0 rg BT 279.85 199.30 Td (employees, ) Tj ET Q q 0 0 0 rg BT 327.72 199.30 Td (respectively) Tj ET Q q 0 0 0 rg BT 375.38 199.30 Td (, ) Tj ET Q q 0 0 0 rg BT 380.48 199.30 Td (in ) Tj ET Q q 0 0 0 rg BT 390.86 199.30 Td (accordance ) Tj ET Q q 0 0 0 rg BT 438.43 199.30 Td (with ) Tj ET Q q 0 0 0 rg BT 458.81 199.30 Td (severance ) Tj ET Q q 0 0 0 rg BT 500.83 199.30 Td (agreements. ) Tj ET Q q 0 0 0 rg BT 550.89 199.30 Td (As ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 187.30 Td (a ) Tj ET Q q 0 0 0 rg BT 56.13 187.30 Td (result, ) Tj ET Q q 0 0 0 rg BT 82.54 187.30 Td (during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.34 187.30 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 130.34 187.30 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.54 187.30 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 154.54 187.30 Td ( ) Tj ET Q q 0 0 0 rg BT 156.23 187.30 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.36 187.30 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 192.36 187.30 Td (, ) Tj ET Q q 0 0 0 rg BT 196.56 187.30 Td (the ) Tj ET Q q 0 0 0 rg BT 210.47 187.30 Td (Company ) Tj ET Q q 0 0 0 rg BT 251.05 187.30 Td (recognized ) Tj ET Q q 0 0 0 rg BT 296.60 187.30 Td (incremental ) Tj ET Q q 0 0 0 rg BT 345.49 187.30 Td (share-based ) Tj ET Q q 0 0 0 rg BT 394.38 187.30 Td (compensation ) Tj ET Q q 0 0 0 rg BT 451.62 187.30 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.64 187.30 Td ($1.2 ) Tj ET Q q 0 0 0 rg BT 480.83 187.30 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.73 187.30 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.92 187.30 Td ($1.0 ) Tj ET Q q 0 0 0 rg BT 533.11 187.30 Td (million) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 175.30 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.94 175.30 Td (zero) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.15 175.30 Td (, ) Tj ET Q q 0 0 0 rg BT 89.15 175.30 Td (respectively) Tj ET Q q 0 0 0 rg BT 136.81 175.30 Td (, ) Tj ET Q q 0 0 0 rg BT 141.81 175.30 Td (which ) Tj ET Q q 0 0 0 rg BT 168.75 175.30 Td (was ) Tj ET Q q 0 0 0 rg BT 186.80 175.30 Td (included ) Tj ET Q q 0 0 0 rg BT 223.73 175.30 Td (in ) Tj ET Q q 0 0 0 rg BT 234.01 175.30 Td (the ) Tj ET Q q 0 0 0 rg BT 248.73 175.30 Td (Payroll ) Tj ET Q q 0 0 0 rg BT 280.11 175.30 Td (and ) Tj ET Q q 0 0 0 rg BT 297.05 175.30 Td (benefits ) Tj ET Q q 0 0 0 rg BT 331.21 175.30 Td (line ) Tj ET Q q 0 0 0 rg BT 348.70 175.30 Td (item ) Tj ET Q q 0 0 0 rg BT 368.97 175.30 Td (in ) Tj ET Q q 0 0 0 rg BT 379.25 175.30 Td (the ) Tj ET Q q 0 0 0 rg BT 393.97 175.30 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 449.24 175.30 Td (Statements ) Tj ET Q q 0 0 0 rg BT 495.63 175.30 Td (of ) Tj ET Q q 0 0 0 rg BT 506.46 175.30 Td (Operations.) Tj ET Q endstream endobj 219 0 obj <> endobj 220 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (106) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 740.7669921875 m 105.8251953125 740.7669921875 l s q 0 0 0 rg BT 50.00 742.10 Td (Stock Options) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (A) Tj ET Q q 0 0 0 rg BT 56.67 718.10 Td ( summary of option activity under the Plans is presented below:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 647.60 237.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 287.50 647.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 291.50 647.60 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 647.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.50 647.60 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 647.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 647.60 67.00 -15.00 re f /GS0 gs 0.8 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j 3 M 291.5 662.6 m 358.5 662.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 662.6 m 428.5 662.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 662.6 m 499.5 662.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 662.6 m 562.5 662.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 662.6 m 287.5 662.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 662.6 m 358.5 662.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 662.6 m 428.5 662.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 662.6 m 499.5 662.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 662.6 m 562.5 662.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 587.6 m 358.5 587.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 573.6 m 358.5 573.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 571.6 m 358.5 571.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 573.6 m 499.5 573.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 571.6 m 499.5 571.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 548.6 m 358.5 548.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 546.6 m 358.5 546.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 548.6 m 499.5 548.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 546.6 m 499.5 546.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 457.6 m 358.5 457.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 443.6 m 358.5 443.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 441.6 m 358.5 441.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 443.6 m 499.5 443.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 441.6 m 499.5 441.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 418.6 m 358.5 418.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 416.6 m 358.5 416.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 418.6 m 499.5 418.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 416.6 m 499.5 416.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 327.6 m 358.5 327.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 313.6 m 358.5 313.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 311.6 m 358.5 311.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 313.6 m 499.5 313.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 311.6 m 499.5 311.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 288.6 m 358.5 288.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 286.6 m 358.5 286.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 288.6 m 499.5 288.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 286.6 m 499.5 286.6 l s BT /F4 8.00 Tf ET q 0 0 0 rg BT 53.00 666.85 Td (\(in thousands, except for shar) Tj ET Q q 0 0 0 rg BT 148.03 666.85 Td (e and per shar) Tj ET Q q 0 0 0 rg BT 194.17 666.85 Td (e amounts\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 306.00 690.83 Td (Number of) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 310.90 682.83 Td (Options) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 295.70 674.83 Td (Outstandingand) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 304.75 666.83 Td (Exercisable) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 378.75 690.83 Td (W) Tj ET Q q 0 0 0 rg BT 386.31 690.83 Td (eighted) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 381.05 682.83 Td (A) Tj ET Q q 0 0 0 rg BT 386.23 682.83 Td (verage) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 380.60 674.83 Td (Exer) Tj ET Q q 0 0 0 rg BT 396.89 674.83 Td (cise) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 386.10 666.83 Td (Price) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 448.00 674.83 Td (Aggregate) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 440.25 666.83 Td (Intrinsic Value) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 516.25 698.83 Td (Weighted) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 518.55 690.83 Td (Average) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 513.80 682.83 Td (Remaining) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 511.80 674.83 Td (Contractual) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 506.20 666.83 Td (Term \(in years\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 653.17 Td (For the year ended December 31, 2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 638.17 Td (Options outstanding, start of year) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.15 637.27 Td (371,952) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.00 637.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.15 637.27 Td (5.10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 623.17 Td (Options granted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.15 622.27 Td (10,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.00 622.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 622.27 Td (11.93) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 608.17 Td (Options exercised) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.80 607.32 Td (\(54,376) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.65 607.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.00 607.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.15 607.27 Td (6.51) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 593.17 Td (Options expired / forfeited) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.80 592.32 Td (\(10,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.65 592.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.00 592.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.15 592.27 Td (5.10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 578.17 Td (Options outstanding, end of year) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.15 577.27 Td (317,576) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.00 577.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.15 577.27 Td (5.07) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.00 577.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.15 577.27 Td (7,002) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.50 577.27 Td (1.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 563.17 Td (Options vested and exercisable as of December 31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 553.17 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.15 552.27 Td (300,909) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.00 552.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.15 552.27 Td (4.74) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.00 552.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.15 552.27 Td (6,734) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.50 552.27 Td (0.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 523.17 Td (For the year ended December 31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 508.17 Td (Options outstanding, start of year) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.15 507.27 Td (317,576) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.00 507.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.15 507.27 Td (5.07) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 493.17 Td (Options granted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.15 492.27 Td (30,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.00 492.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 492.27 Td (20.67) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 478.17 Td (Options exercised) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.80 477.32 Td (\(260,126) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.65 477.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.00 477.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.15 477.27 Td (4.30) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 463.17 Td (Options expired / forfeited) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.80 462.32 Td (\(13,250) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.65 462.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.00 462.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.15 462.27 Td (6.90) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 448.17 Td (Options outstanding, end of year) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.15 447.27 Td (74,200) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.00 447.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 447.27 Td (13.76) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.00 447.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.65 447.27 Td (670) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.50 447.27 Td (3.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 433.17 Td (Options vested and exercisable as of December 31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 423.17 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.15 422.27 Td (34,199) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.00 422.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.15 422.27 Td (8.44) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.00 422.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.65 422.27 Td (491) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.50 422.27 Td (1.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 393.17 Td (For the year ended December 31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 378.17 Td (Options outstanding, start of year) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.15 377.27 Td (74,200) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.00 377.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 377.27 Td (13.76) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 363.17 Td (Options granted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.15 362.27 Td (56,250) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 362.27 Td (13.87) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 348.17 Td (Options exercised) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.65 347.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.65 347.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 333.17 Td (Options expired / forfeited) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.80 332.32 Td (\(24,200) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.65 332.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.15 332.27 Td (7.59) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 318.17 Td (Options outstanding, end of year) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.15 317.27 Td (106,250) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.00 317.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 317.27 Td (15.22) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.00 317.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.65 317.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.50 317.27 Td (3.76) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 302.27 Td (Options vested and exercisable as of December 31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 292.27 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.15 292.27 Td (82,915) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.00 292.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 292.27 Td (14.04) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.00 292.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.65 292.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.50 292.27 Td (3.88) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 264.10 Td (The weighted-average grant-date fair value of options granted during the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.75 264.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.33 264.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.33 264.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.33 264.10 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.27 264.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.27 264.10 Td ( was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 252.10 Td ($0.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.89 252.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.89 252.10 Td ($0.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 152.78 252.10 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.72 252.10 Td ($0.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.61 252.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 276.27 252.10 Td (. ) Tj ET Q q 0 0 0 rg BT 281.09 252.10 Td (The total intrinsic value of options exercised during the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 240.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.58 240.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.58 240.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.58 240.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.02 240.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.02 240.10 Td ( was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 213.57 240.10 Td (zero) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 230.78 240.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.78 240.10 Td ($4.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.67 240.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.11 240.10 Td ($0.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.00 240.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 405.66 240.10 Td (. ) Tj ET Q q 0 0 0 rg BT 410.48 240.10 Td (The total fair value of shares issued ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 228.10 Td (as a result of options exercised \(measured as of the date of exercise\) during the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.91 228.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.49 228.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.49 228.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.49 228.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.93 228.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 560.93 228.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 216.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.05 216.10 Td (zero) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.26 216.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.26 216.10 Td ($6.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.15 216.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.59 216.10 Td ($1.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 207.48 216.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 260.14 216.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 192.10 Td (Cash flows resulting from excess tax benefits, if any) Tj ET Q q 0 0 0 rg BT 259.02 192.10 Td (, are classified as part of cash flows from financing activities. Excess tax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 180.10 Td (benefits are realized tax benefits from tax deductions for vested RSA's, settled PSU's, and exercised options in excess of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 168.10 Td (deferred tax asset attributable to stock compensation costs for such equity awards. ) Tj ET Q q 0 0 0 rg BT 380.55 168.10 Td (The Company recorded) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.46 168.10 Td (no) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.46 168.10 Td (excess tax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 156.10 Td (benefits for the years ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.01 156.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.59 156.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.59 156.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.59 156.10 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.53 156.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.53 156.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 132.10 Td (During 2015, approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.09 132.10 Td ($0.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 214.98 132.10 Td ( of stock-based compensation expense was recognized as a result of granting an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 120.10 Td (executive of) Tj ET Q q 0 0 0 rg BT 98.96 120.10 Td (ficer stock options which were immediately vested, with an exercise price of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.02 120.10 Td ($13.87) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.52 120.10 Td ( per option.) Tj ET Q endstream endobj 221 0 obj <> endobj 222 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (107) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 740.7669921875 m 73.2470703125 740.7669921875 l s q 0 0 0 rg BT 50.00 742.10 Td (SAR's) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (A) Tj ET Q q 0 0 0 rg BT 56.67 718.10 Td ( summary of SAR activity under the Plans is presented below:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 636.60 236.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 636.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 636.60 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.50 636.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 636.60 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 636.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.50 636.60 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 636.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 636.60 59.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 606.60 236.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 606.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 606.60 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.50 606.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 606.60 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 606.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.50 606.60 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 606.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 606.60 59.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 576.60 236.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 576.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 576.60 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.50 576.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 576.60 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 576.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.50 576.60 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 576.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 576.60 59.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 694.6 m 356.5 694.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356.5 694.6 m 360.5 694.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360.5 694.6 m 426.5 694.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 694.6 m 430.5 694.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430.5 694.6 m 497.5 694.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 694.6 m 501.5 694.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 694.6 m 560.5 694.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 681.6 m 356.5 681.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356.5 681.6 m 360.5 681.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360.5 681.6 m 426.5 681.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 681.6 m 430.5 681.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430.5 681.6 m 497.5 681.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 681.6 m 501.5 681.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 681.6 m 560.5 681.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 636.6 m 356.5 636.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360.5 636.6 m 426.5 636.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430.5 636.6 m 497.5 636.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 636.6 m 560.5 636.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 576.6 m 356.5 576.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 562.6 m 356.5 562.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 560.6 m 356.5 560.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 560.6 m 356.5 560.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 562.6 m 356.5 562.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 379.05 698.83 Td (Years Ended December 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 417.00 685.83 Td (2015) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 53.00 640.85 Td (\(in thousands, except for shar) Tj ET Q q 0 0 0 rg BT 148.03 640.85 Td (e and per shar) Tj ET Q q 0 0 0 rg BT 194.17 640.85 Td (e amounts\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 304.50 664.83 Td (Number) Tj ET Q q 0 0 0 rg BT 332.80 664.83 Td ( of) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 312.30 656.83 Td (SAR's) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 294.20 648.83 Td (Outstandingand) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 303.25 640.83 Td (Exer) Tj ET Q q 0 0 0 rg BT 319.54 640.83 Td (cisable) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 376.75 664.83 Td (W) Tj ET Q q 0 0 0 rg BT 384.31 664.83 Td (eighted) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 379.05 656.83 Td (A) Tj ET Q q 0 0 0 rg BT 384.23 656.83 Td (verage) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 378.60 648.83 Td (Exer) Tj ET Q q 0 0 0 rg BT 394.89 648.83 Td (cise) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 384.10 640.83 Td (Price) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 446.00 648.83 Td (Aggr) Tj ET Q q 0 0 0 rg BT 463.18 648.83 Td (egate ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 438.25 640.83 Td (Intrinsic ) Tj ET Q q 0 0 0 rg BT 469.44 640.83 Td (V) Tj ET Q q 0 0 0 rg BT 474.48 640.83 Td (alue ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 514.25 672.83 Td (W) Tj ET Q q 0 0 0 rg BT 521.81 672.83 Td (eighted) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 516.55 664.83 Td (A) Tj ET Q q 0 0 0 rg BT 521.73 664.83 Td (verage) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 511.80 656.83 Td (Remaining) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 509.80 648.83 Td (Contractual) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 504.20 640.83 Td (T) Tj ET Q q 0 0 0 rg BT 508.80 640.83 Td (erm \(in years\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 627.17 Td (SAR's outstanding at beginning of year) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.65 626.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.00 626.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.65 626.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 612.17 Td (Granted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.15 611.27 Td (243,750) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.00 611.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.15 611.27 Td (13.87) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 597.17 Td (Exercised) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.65 596.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.00 596.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.65 596.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 582.17 Td (Expired / forfeited) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.65 581.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.00 581.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.65 581.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 567.17 Td (SAR's outstanding, end of year) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.15 566.27 Td (243,750) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.00 566.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.15 566.27 Td (13.87) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.00 566.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.65 566.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.50 566.27 Td (4.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 551.27 Td (SAR's vested and exercisable as of December 31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.15 551.27 Td (43,750) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.00 551.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.15 551.27 Td (13.87) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.00 551.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.65 551.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.00 551.27 Td (0) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 530.10 Td (The SAR's awarded during 2015 were granted to the Company's Chief Executive Of) Tj ET Q q 0 0 0 rg BT 387.23 530.10 Td (ficer) Tj ET Q q 0 0 0 rg BT 404.99 530.10 Td (. If ) Tj ET Q q 0 0 0 rg BT 418.60 530.10 Td (Amendment No. 4 to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 518.10 Td (Company) Tj ET Q q 0 0 0 rg BT 91.67 518.10 Td (s ) Tj ET Q q 0 0 0 rg BT 97.50 518.10 Td (Amended and Restated 2007 Equity Incentive Plan, as amended, is approved by a vote of the stockholders prior to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 506.10 Td (June 5, 2017, the SAR award will automatically terminate and the Option award granted in tandem with the SAR award will ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 494.10 Td (become exercisable pursuant to the vesting terms thereof. However) Tj ET Q q 0 0 0 rg BT 318.67 494.10 Td (, until stockholder approval is obtained, as settlement of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 482.10 Td (award is out of the control of the Company) Tj ET Q q 0 0 0 rg BT 221.53 482.10 Td (, the awards are currently classified as liability based equity awards and are recorded ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 470.10 Td (at the estimated fair value at each balance sheet date.) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 439.3669921875 m 74.3603515625 439.3669921875 l s q 0 0 0 rg BT 50.00 440.70 Td (PSU's) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 416.70 Td (A) Tj ET Q q 0 0 0 rg BT 56.67 416.70 Td ( summary of the status and activity of non-vested PSU's is presented in the following table:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 343.20 163.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 213.50 343.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 217.50 343.20 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 271.50 343.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 275.50 343.20 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 343.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 343.20 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 343.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 343.20 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 343.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.50 343.20 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 343.20 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 343.20 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 313.20 163.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 213.50 313.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 217.50 313.20 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 271.50 313.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 275.50 313.20 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 313.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 313.20 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 313.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 313.20 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 313.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.50 313.20 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 313.20 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 313.20 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 283.20 163.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 213.50 283.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 217.50 283.20 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 271.50 283.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 275.50 283.20 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 283.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 283.20 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 283.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 283.20 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 283.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.50 283.20 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 283.20 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 283.20 54.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 217.5 393.20000000000005 m 271.5 393.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 271.5 393.20000000000005 m 275.5 393.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 275.5 393.20000000000005 m 329.5 393.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 393.20000000000005 m 333.5 393.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 393.20000000000005 m 387.5 393.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387.5 393.20000000000005 m 391.5 393.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 393.20000000000005 m 445.5 393.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 393.20000000000005 m 449.5 393.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 393.20000000000005 m 503.5 393.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 393.20000000000005 m 508.5 393.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 393.20000000000005 m 562.5 393.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 217.5 393.20000000000005 m 271.5 393.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 217.5 380.20000000000005 m 271.5 380.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 271.5 393.20000000000005 m 275.5 393.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 271.5 380.20000000000005 m 275.5 380.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 275.5 393.20000000000005 m 329.5 393.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 275.5 380.20000000000005 m 329.5 380.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 393.20000000000005 m 387.5 393.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 380.20000000000005 m 387.5 380.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387.5 393.20000000000005 m 391.5 393.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387.5 380.20000000000005 m 391.5 380.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 393.20000000000005 m 445.5 393.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 380.20000000000005 m 445.5 380.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 393.20000000000005 m 503.5 393.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 380.20000000000005 m 503.5 380.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 393.20000000000005 m 508.5 393.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 380.20000000000005 m 508.5 380.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 393.20000000000005 m 562.5 393.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 380.20000000000005 m 562.5 380.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 343.20000000000005 m 213.5 343.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 217.5 380.20000000000005 m 271.5 380.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 217.5 343.20000000000005 m 271.5 343.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 271.5 380.20000000000005 m 275.5 380.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 275.5 380.20000000000005 m 329.5 380.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 275.5 343.20000000000005 m 329.5 343.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 380.20000000000005 m 387.5 380.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 343.20000000000005 m 387.5 343.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387.5 380.20000000000005 m 391.5 380.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 380.20000000000005 m 445.5 380.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 343.20000000000005 m 445.5 343.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 380.20000000000005 m 503.5 380.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 343.20000000000005 m 503.5 343.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 380.20000000000005 m 508.5 380.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 380.20000000000005 m 562.5 380.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 343.20000000000005 m 562.5 343.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 343.20000000000005 m 213.5 343.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 217.5 343.20000000000005 m 271.5 343.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 275.5 343.20000000000005 m 329.5 343.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 343.20000000000005 m 387.5 343.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 343.20000000000005 m 445.5 343.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 343.20000000000005 m 503.5 343.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 343.20000000000005 m 562.5 343.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 217.5 283.20000000000005 m 271.5 283.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 283.20000000000005 m 387.5 283.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 283.20000000000005 m 503.5 283.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 217.5 269.20000000000005 m 271.5 269.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 217.5 267.20000000000005 m 271.5 267.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 269.20000000000005 m 387.5 269.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 267.20000000000005 m 387.5 267.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 269.20000000000005 m 503.5 269.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 267.20000000000005 m 503.5 267.20000000000005 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 330.25 397.43 Td (For the Years Ended December 31.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 265.00 384.43 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 381.00 384.43 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 497.50 384.43 Td (2013) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 53.00 355.45 Td (\(in thousands, except for share and per share) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 53.00 347.45 Td (amounts\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 234.85 347.43 Td (Units) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 284.40 371.43 Td (Weighted-) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 288.05 363.43 Td (Average) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 282.20 355.43 Td (Grant-Date) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 284.15 347.43 Td (Fair Value) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 350.85 347.43 Td (Units) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 400.40 371.43 Td (Weighted-) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 404.05 363.43 Td (Average) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 398.20 355.43 Td (Grant-Date) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 400.15 347.43 Td (Fair Value) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 466.85 347.43 Td (Units) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 517.40 371.43 Td (Weighted-) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 521.05 363.43 Td (Average) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 515.20 355.43 Td (Grant-Date) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 517.15 347.43 Td (Fair Value) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 333.77 Td (Non-vested at beginning of year) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.15 332.87 Td (142,357) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.00 332.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.15 332.87 Td (30.65) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.15 332.87 Td (89,578) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.00 332.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.15 332.87 Td (26.04) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 332.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.00 332.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 332.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 318.77 Td (Granted \(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 240.15 317.87 Td (69,218) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.15 317.87 Td (20.10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.15 317.87 Td (57,547) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.15 317.87 Td (37.45) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 317.87 Td (89,578) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 317.87 Td (26.04) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 303.77 Td (Vested \(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.80 302.87 Td (\(13,763) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.65 302.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.15 302.87 Td (30.52) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.65 302.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.65 302.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 302.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 302.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 288.77 Td (Forfeited / Canceled \(1\) \(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.80 287.87 Td (\(28,478) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.65 287.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.15 287.87 Td (30.44) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.80 287.92 Td (\(4,768) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.65 287.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.15 287.87 Td (26.04) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 287.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 287.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 273.77 Td (Non-vested at end of year) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.15 272.87 Td (169,334) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.00 272.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.15 272.87 Td (26.38) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.15 272.87 Td (142,357) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.00 272.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.15 272.87 Td (30.65) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 272.87 Td (89,578) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.00 272.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 272.87 Td (26.04) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 244.70 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 63.98 244.70 Td (The number of units shown in the table above are based on tar) Tj ET Q q 0 0 0 rg BT 312.61 244.70 Td (get performance. ) Tj ET Q q 0 0 0 rg BT 382.67 244.70 Td (The final number of shares of common ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 232.70 Td (stock issued may vary depending on the achievement of market conditions established within the awards, which could result in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 220.70 Td (the actual number of shares issued ranging from zero to a maximum of two times the number of units shown in the above table.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 196.70 Td (\(2\) Included within the 2015 forfeited / canceled units are PSU's related to a former executive that were clawed back. ) Tj ET Q q 0 0 0 rg BT 521.16 196.70 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 184.70 Td (Company recognized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 137.75 184.70 Td ($0.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 186.64 184.70 Td ( within ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.20 184.70 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 239.97 184.70 Td ( Income line item on the Consolidated Statement of Operations related to these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 172.70 Td (awards. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 148.70 Td (The weighted-average grant date fair value of PSU's granted during the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.50 148.70 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.09 148.70 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.09 148.70 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.09 148.70 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.03 148.70 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.03 148.70 Td ( was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 136.70 Td ($1.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.89 136.70 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.89 136.70 Td ($2.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 152.78 136.70 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.72 136.70 Td ($2.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.61 136.70 Td (, respectively) Tj ET Q q 0 0 0 rg BT 276.27 136.70 Td (. ) Tj ET Q q 0 0 0 rg BT 281.09 136.70 Td (The PSU's granted will remain unvested until the third anniversary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 124.70 Td (date of their issuance, at which time the actual number of vested shares will be determined based upon the actual price ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 112.70 Td (performances of the Company) Tj ET Q q 0 0 0 rg BT 174.13 112.70 Td (s common stock relative to a broad stock index and a peer group performance index.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 88.70 Td (During the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.52 88.70 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.11 88.70 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.54 88.70 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.54 88.70 Td (, the Company modified and accelerated certain PSU's that were granted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 76.70 Td (to former executive of) Tj ET Q q 0 0 0 rg BT 138.95 76.70 Td (ficers in 2013, 2014, and 2015. ) Tj ET Q q 0 0 0 rg BT 265.69 76.70 Td (The Company recorded incremental expense of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.83 76.70 Td ($2.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.72 76.70 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.16 76.70 Td ($0.2 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 64.70 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 64.70 Td ( in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.39 64.70 Td (Payroll and benefits) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 186.37 64.70 Td ( line item in the Consolidated Statement of Operations.) Tj ET Q endstream endobj 223 0 obj <> endobj 224 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (108) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 50.00 749.03 477.83 -9.09 re f /GS0 gs q 0 0 0 rg BT 50.00 742.10 Td (The following table shows the PSUs that were settled by issuing the Company's common stock relative to a peer group ) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 50.00 737.03 170.77 -9.09 re f /GS0 gs q 0 0 0 rg BT 50.00 730.10 Td (performance index and broad stock index. ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 679.60 164.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 214.50 679.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 218.50 679.60 40.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 258.50 679.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 262.50 679.60 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 324.50 679.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 328.50 679.60 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.50 679.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 679.60 39.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 679.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 679.60 39.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 679.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 679.60 39.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 519.50 679.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 523.50 679.60 39.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 649.60 164.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 214.50 649.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 218.50 649.60 40.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 258.50 649.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 262.50 649.60 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 324.50 649.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 328.50 649.60 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.50 649.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 649.60 39.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 649.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 649.60 39.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 649.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 649.60 39.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 519.50 649.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 523.50 649.60 39.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 218.5 679.6 m 258.5 679.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 262.5 679.6 m 324.5 679.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328.5 679.6 m 390.5 679.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 679.6 m 394.5 679.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 679.6 m 433.5 679.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 679.6 m 476.5 679.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 679.6 m 519.5 679.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 523.5 679.6 m 562.5 679.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328.5 679.6 m 390.5 679.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 679.6 m 394.5 679.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 679.6 m 433.5 679.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 679.6 m 476.5 679.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 679.6 m 519.5 679.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 523.5 679.6 m 562.5 679.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 664.6 m 394.5 664.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 664.6 m 433.5 664.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 664.6 m 476.5 664.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 664.6 m 519.5 664.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 523.5 664.6 m 562.5 664.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 225.70 691.83 Td (Y) Tj ET Q q 0 0 0 rg BT 230.59 691.83 Td (ear) Tj ET Q q 0 0 0 rg BT 241.55 691.83 Td ( of ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 227.55 683.83 Td (Grant) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 267.50 699.83 Td (Net Number) Tj ET Q q 0 0 0 rg BT 309.79 699.83 Td ( of ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 269.60 691.83 Td (Issued Shar) Tj ET Q q 0 0 0 rg BT 309.69 691.83 Td (es ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 270.85 683.83 Td (upon ) Tj ET Q q 0 0 0 rg BT 290.05 683.83 Td (V) Tj ET Q q 0 0 0 rg BT 295.10 683.83 Td (esting) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 347.50 711.68 Td (Shar) Tj ET Q q 0 0 0 rg BT 363.80 711.68 Td (es ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 338.70 703.68 Td (W) Tj ET Q q 0 0 0 rg BT 346.56 703.68 Td (ithheld to ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 342.20 695.68 Td (Settle ) Tj ET Q q 0 0 0 rg BT 363.16 695.68 Td (T) Tj ET Q q 0 0 0 rg BT 367.76 695.68 Td (ax ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 337.50 687.68 Td (W) Tj ET Q q 0 0 0 rg BT 345.36 687.68 Td (ithholding ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 339.20 679.73 Td (Obligations) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 399.65 698.83 Td (TSR Multiple Range) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 484.10 698.83 Td (Russell 3000 Multiple) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 405.90 683.83 Td (Low) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 448.05 683.83 Td (High) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 491.90 683.83 Td (Low) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 534.05 683.83 Td (High) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 669.27 Td (For the year ended December 31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 228.00 654.27 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.15 654.27 Td (8,768) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.15 654.27 Td (3,954) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.15 654.27 Td (1.75) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.15 654.27 Td (1.75) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.15 654.27 Td (2.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.15 654.27 Td (2.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 228.00 639.27 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.15 639.27 Td (2,506) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.15 639.27 Td (1,145) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.15 639.27 Td (0.63) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.15 639.27 Td (0.75) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.65 639.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.15 639.27 Td (0.75) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 50.00 618.03 202.99 -9.09 re f /GS0 gs q 0 0 0 rg BT 50.00 611.10 Td (There were no PSUs settled during the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.99 611.10 Td (December31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.58 611.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 50.00 594.03 2.50 -9.09 re f /GS0 gs q 0 0 0 rg BT 50.00 587.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 52.5 585.7669921875 m 108.3154296875 585.7669921875 l s q 0 0 0 rg BT 52.50 587.10 Td (Other Matters) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 563.10 Td (Cash received from the exercise of stock options for the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.01 563.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.59 563.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.59 563.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.59 563.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.03 563.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.03 563.10 Td ( was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.58 563.10 Td (zero) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.79 563.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.79 563.10 Td ($0.2 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 551.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 551.10 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 100.83 551.10 Td ($0.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 149.72 551.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 202.38 551.10 Td (. ) Tj ET Q q 0 0 0 rg BT 207.20 551.10 Td (There were no other cash receipts during these years from the exercise of other share-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 539.10 Td (based compensation arrangements.) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 50 513.53505859375 m 82.490234375 513.53505859375 l s q 0 0 0 rg BT 50.00 515.10 Td (Note 14) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 82.490234375 513.53505859375 m 232.4853515625 513.53505859375 l s q 0 0 0 rg BT 82.49 515.10 Td ( - Commitments and Contingencies) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 492.7669921875 m 124.892578125 492.7669921875 l s q 0 0 0 rg BT 50.00 494.10 Td (Legal Pr) Tj ET Q q 0 0 0 rg BT 84.91 494.10 Td (oceedings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 470.10 Td (The Company is involved in certain legal actions, described below) Tj ET Q q 0 0 0 rg BT 315.94 470.10 Td (. ) Tj ET Q q 0 0 0 rg BT 320.76 470.10 Td (The outcomes of these legal actions are not within the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 458.10 Td (Company) Tj ET Q q 0 0 0 rg BT 91.67 458.10 Td (s complete control and may not be known for prolonged periods of time. In some actions, the claimants seek ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 446.10 Td (monetary damages and other penalties that could require significant expenditures. In accordance with generally accepted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 434.10 Td (accounting principles, the Company records a liability in the Consolidated Financial Statements for loss contingencies when a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 422.10 Td (loss is known or considered probable and the amount can be reasonably estimated. If the reasonable estimate of a known or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 410.10 Td (probable loss is a range, and no amount within the range is a better estimate than any other) Tj ET Q q 0 0 0 rg BT 412.27 410.10 Td (, the minimum amount of the range ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 398.10 Td (is accrued. If a loss is reasonably possible but not known or probable, and can be reasonably estimated, the estimated loss or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 386.10 Td (range of loss is disclosed. ) Tj ET Q q 0 0 0 rg BT 154.80 386.10 Td (When determining the estimated loss or range of loss, significant judgment is required to estimate the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 374.10 Td (amount and timing of a loss to be recorded. Estimates of probable losses resulting from litigation and governmental ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 362.10 Td (proceedings involving the Company are inherently dif) Tj ET Q q 0 0 0 rg BT 266.43 362.10 Td (ficult to predict, particularly when the matters are in early procedural ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 350.10 Td (stages, with incomplete facts or legal discovery; involve unsubstantiated or indeterminate claims for damages; potentially ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 338.10 Td (involve penalties or fines. ) Tj ET Q q 0 0 0 rg BT 155.63 338.10 Td (W) Tj ET Q q 0 0 0 rg BT 164.26 338.10 Td (e cannot predict with any certainty the final outcome of any legal proceedings as described in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 326.10 Td (paragraphs below) Tj ET Q q 0 0 0 rg BT 120.16 326.10 Td (, and we cannot assure you that the ultimate resolution of any such matter will not have a material adverse ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 314.10 Td (ef) Tj ET Q q 0 0 0 rg BT 57.59 314.10 Td (fect on our consolidated financial position, results of operations, or cash flows.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 290.10 Td (Securities class action lawsuit: ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 181.66 290.10 Td (United Food and Commercial ) Tj ET Q q 0 0 0 rg BT 307.04 290.10 Td (W) Tj ET Q q 0 0 0 rg BT 315.19 290.10 Td (orkers Union v) Tj ET Q q 0 0 0 rg BT 376.49 290.10 Td (. ) Tj ET Q q 0 0 0 rg BT 381.12 290.10 Td (Advanced Emissions Solutions, Inc.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 529.21 290.10 Td (, No. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 278.10 Td (14-cv-01243-CMA-KMT) Tj ET Q q 0 0 0 rg BT 155.35 278.10 Td ( \(U.S. District Court, D. Colo.\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 254.10 Td (A) Tj ET Q q 0 0 0 rg BT 56.67 254.10 Td ( class action lawsuit against ) Tj ET Q q 0 0 0 rg BT 169.70 254.10 Td (ADES and certain of its current and former of) Tj ET Q q 0 0 0 rg BT 353.34 254.10 Td (ficers is pending in the federal court in Denver) Tj ET Q q 0 0 0 rg BT 539.54 254.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 242.10 Td (Colorado. ) Tj ET Q q 0 0 0 rg BT 92.04 242.10 Td (This lawsuit and a companion case were originally filed in May 2014. On February 19, 2015, the Court consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 230.10 Td (these cases and appointed the United Foods and Commercial ) Tj ET Q q 0 0 0 rg BT 295.59 230.10 Td (W) Tj ET Q q 0 0 0 rg BT 304.23 230.10 Td (orkers Union and Participating Food Industry Employers ) Tj ET Q q 0 0 0 rg BT 534.29 230.10 Td (T) Tj ET Q q 0 0 0 rg BT 540.05 230.10 Td (ri-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 218.10 Td (State Pension Fund as lead plaintif) Tj ET Q q 0 0 0 rg BT 188.41 218.10 Td (f and approved its selection of the law firms. ) Tj ET Q q 0 0 0 rg BT 369.29 218.10 Td (The consolidated case is now captioned ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 530.35 218.10 Td (United ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 206.10 Td (Food and Commer) Tj ET Q q 0 0 0 rg BT 125.18 206.10 Td (cial W) Tj ET Q q 0 0 0 rg BT 150.09 206.10 Td (orkers Union v) Tj ET Q q 0 0 0 rg BT 209.34 206.10 Td (. ) Tj ET Q q 0 0 0 rg BT 214.16 206.10 Td (Advanced Emissions Solutions, Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.64 206.10 Td (, No. 14-cv-01243-CMA-KMT) Tj ET Q q 0 0 0 rg BT 481.44 206.10 Td ( \(U.S. District ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 194.10 Td (Court, D. Colo.\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 170.10 Td (The lead plaintif) Tj ET Q q 0 0 0 rg BT 115.90 170.10 Td (f filed Lead Plaintif) Tj ET Q q 0 0 0 rg BT 198.75 170.10 Td (f) Tj ET Q q 0 0 0 rg BT 202.63 170.10 Td () Tj ET Q q 0 0 0 rg BT 205.41 170.10 Td (s Consolidated Class ) Tj ET Q q 0 0 0 rg BT 290.69 170.10 Td (Action Complaint on ) Tj ET Q q 0 0 0 rg BT 381.51 170.10 Td (April 20, 2015 \(the Consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 158.10 Td (Complaint\). ) Tj ET Q q 0 0 0 rg BT 104.81 158.10 Td (The Consolidated Complaint names as defendants the Company and certain current and former Company of) Tj ET Q q 0 0 0 rg BT 537.29 158.10 Td (ficers. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 134.10 Td (Plaintif) Tj ET Q q 0 0 0 rg BT 79.26 134.10 Td (fs allege that ) Tj ET Q q 0 0 0 rg BT 132.30 134.10 Td (ADES and other defendants misrepresented to the investing public the Company) Tj ET Q q 0 0 0 rg BT 457.78 134.10 Td (s financial condition and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 122.10 Td (its financial controls to artificially inflate and maintain the market price of ) Tj ET Q q 0 0 0 rg BT 348.78 122.10 Td (ADES) Tj ET Q q 0 0 0 rg BT 377.68 122.10 Td (s common stock. ) Tj ET Q q 0 0 0 rg BT 447.49 122.10 Td (The Consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 110.10 Td (Complaint alleges two claims for relief for: 1\) alleged violations of Section 10\(b\) of the Securities Exchange ) Tj ET Q q 0 0 0 rg BT 486.26 110.10 Td (Act of 1934 and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 98.10 Td (Rule 10b-5, and 2\) control person liability under Section 20\(a\) of the Exchange ) Tj ET Q q 0 0 0 rg BT 369.36 98.10 Td (Act. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 74.10 Td (The lawsuit seeks unspecified monetary damages together with costs, and attorneys) Tj ET Q q 0 0 0 rg BT 386.66 74.10 Td ( fees incurred in prosecuting the class ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 62.10 Td (action, among other relief. ) Tj ET Q q 0 0 0 rg BT 158.11 62.10 Td (The Consolidated Complaint, alleges a class period covering all purchasers or acquirers of the ) Tj ET Q endstream endobj 225 0 obj <> endobj 226 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (109) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (common stock of ) Tj ET Q q 0 0 0 rg BT 121.38 742.10 Td (ADES or its predecessor) Tj ET Q q 0 0 0 rg BT 219.77 742.10 Td (-in-interest during the proposed class period from May 12, 201) Tj ET Q q 0 0 0 rg BT 471.01 742.10 Td (1 through January 29, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (2015. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (Defendants filed a motion to dismiss the Consolidated Complaint on June 19, 2015, contending the Consolidated Complaint: 1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (fails to meet the strict pleading standards required for Section 10\(b\) claims; and 2\) fails to establish the primary violation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (required for any claim of secondary \(control person\) liability) Tj ET Q q 0 0 0 rg BT 292.60 682.10 Td (. Plaintif) Tj ET Q q 0 0 0 rg BT 326.86 682.10 Td (fs filed a response in opposition to this motion on July 2, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (2015 and Defendants filed their reply brief on July 16, 2015. On March 7, 2016 the parties filed a stipulated motion to stay the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (case while the parties mediate the matter) Tj ET Q q 0 0 0 rg BT 212.15 658.10 Td (. On March 8, 2016, the motion to stay was granted, and the Defendants) Tj ET Q q 0 0 0 rg BT 502.73 658.10 Td ( motion to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (dismiss was denied without prejudice with the option to refile should mediation fail. ) Tj ET Q q 0 0 0 rg BT 389.20 646.10 Td (The case is stayed until further order of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (court.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (The Company has not recorded an expense related to losses in connection with this matter because any potential loss is not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (currently probable or reasonably estimable under U.S. GAAP) Tj ET Q q 0 0 0 rg BT 295.21 598.10 Td (. ) Tj ET Q q 0 0 0 rg BT 299.66 598.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 349.57 598.10 Td (, the Company cannot reasonably estimate the range ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (of loss, if any) Tj ET Q q 0 0 0 rg BT 103.79 586.10 Td (, that may result from this matter) Tj ET Q q 0 0 0 rg BT 234.59 586.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (Stockholder) Tj ET Q q 0 0 0 rg BT 101.49 562.10 Td ( derivative lawsuits: ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 189.54 562.10 Td (In Re ) Tj ET Q q 0 0 0 rg BT 214.73 562.10 Td (Advanced Emissions Solutions, Inc. Shareholder Derivative Litigation) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 504.20 562.10 Td (, No. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (2014CV) Tj ET Q q 0 0 0 rg BT 83.70 550.10 Td (-30709 \(District Court, Douglas County) Tj ET Q q 0 0 0 rg BT 251.20 550.10 Td (, Colorado\) \(consolidated actions\). ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (Consolidated stockholder derivative claims against certain of the Company) Tj ET Q q 0 0 0 rg BT 353.25 526.10 Td (s current and former of) Tj ET Q q 0 0 0 rg BT 445.25 526.10 Td (ficers and directors, along ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (with the Company as a "nominal defendant", are pending in the District Court for Douglas County) Tj ET Q q 0 0 0 rg BT 442.99 514.10 Td (, Colorado, and are currently ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (stayed. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (In June and July 2014 stockholder derivative actions were filed in the Colorado District Courts for Douglas County and for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (City and County of Denver) Tj ET Q q 0 0 0 rg BT 158.32 466.10 Td (. By agreement of the parties, the case in the Denver District Court was transferred to the Douglas ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (County District Court and the cases were consolidated.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (In separate complaints, the plaintif) Tj ET Q q 0 0 0 rg BT 188.38 430.10 Td (fs allege breach of fiduciary duties, waste of corporate assets, and unjust enrichment against ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (the defendants for their allegedly utilizing improper accounting techniques and failing to maintain ef) Tj ET Q q 0 0 0 rg BT 452.19 418.10 Td (fective internal controls ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (that together resulted in materially inaccurate financial statements from which incentive compensation was derived and paid. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (Plaintif) Tj ET Q q 0 0 0 rg BT 79.26 394.10 Td (fs demand, on behalf of the Company) Tj ET Q q 0 0 0 rg BT 229.41 394.10 Td (, unspecified monetary damages, appropriate equitable relief, and the costs and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (disbursements of the action, including attorneys', accountants and expert fees, costs, expenses, and restitution, as well as certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (corporate governance changes.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td (On ) Tj ET Q q 0 0 0 rg BT 64.17 346.10 Td (August 28, 2014, the Colorado state court approved a Stipulation and proposed Order Consolidating ) Tj ET Q q 0 0 0 rg BT 466.88 346.10 Td (Actions \(the "Order"\), ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (Appointing Co-Lead Plaintif) Tj ET Q q 0 0 0 rg BT 164.80 334.10 Td (fs and Co-Lead Counsel, and Staying Consolidated ) Tj ET Q q 0 0 0 rg BT 371.45 334.10 Td (Action. Under that Order) Tj ET Q q 0 0 0 rg BT 471.57 334.10 Td (, the consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (derivative actions are stayed at least 30 days after a decision by the U.S. District Court on the Defendants) Tj ET Q q 0 0 0 rg BT 474.13 322.10 Td ( motion to dismiss ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (the operative complaint in the securities class action. ) Tj ET Q q 0 0 0 rg BT 262.99 310.10 Td (Any party has the right to move to lift the stay on 30-days) Tj ET Q q 0 0 0 rg BT 497.20 310.10 Td ( written notice ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (to the other parties. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (The Company has not recorded an expense related to losses in connection with this matter because any potential loss is not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (currently probable or reasonably estimable under U.S. GAAP) Tj ET Q q 0 0 0 rg BT 295.21 262.10 Td (. ) Tj ET Q q 0 0 0 rg BT 299.66 262.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 349.57 262.10 Td (, the Company cannot reasonably estimate the range ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (of loss, if any) Tj ET Q q 0 0 0 rg BT 103.79 250.10 Td (, that may result from this matter) Tj ET Q q 0 0 0 rg BT 234.59 250.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (SEC Inquiry) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 209.10 Td (On ) Tj ET Q q 0 0 0 rg BT 64.17 209.10 Td (April 7, 2014, the SEC) Tj ET Q q 0 0 0 rg BT 158.61 209.10 Td (s Division of Enforcement informed the Company that it had initiated an inquiry to determine if ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 197.10 Td (violations of the federal securities laws have occurred \(the SEC Inquiry\), and in September 2014 the SEC issued a formal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 185.10 Td (order of investigation.) Tj ET Q q 0 0 0 rg BT 140.91 185.10 Td (The SEC Inquiry generally pertains to the restatement of the Company's financial statements and internal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 173.10 Td (controls processes, as described in Note 2 of the Consolidated Financial Statements in our ) Tj ET Q q 0 0 0 rg BT 411.87 173.10 Td (Annual Report on Form 10-K for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 161.10 Td (fiscal year ended December 31, 2014.) Tj ET Q q 0 0 0 rg BT 203.64 161.10 Td (The Company is fully cooperating with the SEC and has provided information and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 149.10 Td (documents to the SEC on an ongoing basis.) Tj ET Q q 0 0 0 rg BT 226.20 149.10 Td (T) Tj ET Q q 0 0 0 rg BT 231.61 149.10 Td (o date, the SEC has not asserted any formal claims. ) Tj ET Q q 0 0 0 rg BT 441.65 149.10 Td (While we cannot predict the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 137.10 Td (duration or outcome of the SEC Inquiry) Tj ET Q q 0 0 0 rg BT 208.76 137.10 Td (, it could result in the payment of monetary penalties and other relief. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 120.10 Td (The Company has not recorded an expense related to losses in connection with this matter because any potential loss is not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 108.10 Td (currently probable or reasonably estimable under U.S. GAAP) Tj ET Q q 0 0 0 rg BT 295.21 108.10 Td (. ) Tj ET Q q 0 0 0 rg BT 299.66 108.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 349.57 108.10 Td (, the Company cannot reasonably estimate the range ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 96.10 Td (of loss, if any) Tj ET Q q 0 0 0 rg BT 103.79 96.10 Td (, that may result from this matter) Tj ET Q q 0 0 0 rg BT 234.59 96.10 Td (.) Tj ET Q endstream endobj 227 0 obj <> endobj 228 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.65 31.60 Td (1) Tj ET Q q 0 0 0 rg BT 303.28 31.60 Td (10) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 740.7669921875 m 184.677734375 740.7669921875 l s q 0 0 0 rg BT 50.00 742.10 Td (Settlement and Royalty Indemnity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 721.10 Td (In ) Tj ET Q q 0 0 0 rg BT 60.28 721.10 Td (August 2008, Norit International N.V) Tj ET Q q 0 0 0 rg BT 209.52 721.10 Td (. f/k/a Norit N.V) Tj ET Q q 0 0 0 rg BT 274.61 721.10 Td (. \("Norit"\) filed a lawsuit against the Company asserting claims for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 709.10 Td (misappropriation of trade secrets and other claims related to the Company's ) Tj ET Q q 0 0 0 rg BT 353.66 709.10 Td (ADA) Tj ET Q q 0 0 0 rg BT 374.77 709.10 Td ( Carbon Solutions, LLC joint venture ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 697.10 Td (\("Carbon Solutions"\). In ) Tj ET Q q 0 0 0 rg BT 149.83 697.10 Td (August 201) Tj ET Q q 0 0 0 rg BT 195.85 697.10 Td (1, the Company and Norit entered into a settlement agreement whereby the Company paid ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 685.10 Td (amounts related to the non-solicitation breach of contract claim and ) Tj ET Q q 0 0 0 rg BT 322.13 685.10 Td (ADA) Tj ET Q q 0 0 0 rg BT 343.24 685.10 Td ( was also required to pay additional damages related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 673.10 Td (to certain future revenues generated from the former equity method investment through the second quarter of 2018 \(the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 661.10 Td (Royalty ) Tj ET Q q 0 0 0 rg BT 88.05 661.10 Td (A) Tj ET Q q 0 0 0 rg BT 94.36 661.10 Td (ward\). Payments of amounts due under the Royalty ) Tj ET Q q 0 0 0 rg BT 306.25 661.10 Td (A) Tj ET Q q 0 0 0 rg BT 312.56 661.10 Td (ward for each quarter are payable three months after such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 649.10 Td (quarter ends through the second quarter of 2018. In October 201) Tj ET Q q 0 0 0 rg BT 307.05 649.10 Td (1, an arbitration panel endorsed and confirmed the terms of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 637.10 Td (settlement agreement. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 613.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 99.90 613.10 Td (, during November 201) Tj ET Q q 0 0 0 rg BT 192.85 613.10 Td (1, the Company entered into an Indemnity Settlement ) Tj ET Q q 0 0 0 rg BT 409.19 613.10 Td (Agreement whereby the Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 601.10 Td (agreed to settle certain indemnity obligations asserted against the Company related to the Norit litigation and relinquished all of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 589.10 Td (its equity interest in Carbon Solutions to Carbon Solutions and amended the Intellectual Property License ) Tj ET Q q 0 0 0 rg BT 474.09 589.10 Td (Agreement dated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 577.10 Td (October1, 2008 between the Company and Carbon Solutions. In the event that the Company declares or otherwise issues a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 565.10 Td (dividend to any or all of its stockholders prior to January 1, 2018, other than repurchases of common stock under employee ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 553.10 Td (stock plans, the Company must increase its letter of credit amounts, which support the payments which must be paid to Norit, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 541.10 Td (equal to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.43 541.10 Td (50%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.76 541.10 Td ( of the aggregate fair market value of such dividends.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 520.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.44 520.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.03 520.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.47 520.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 192.47 520.10 Td (, the Company has recorded the components of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.96 520.10 Td (Settlement and royalty indemnity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 508.10 Td (obligation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.55 508.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.99 508.10 Td (Settlement and royalty indemnification, long-term) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.77 508.10 Td ( line items in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.93 508.10 Td (Consolidated Balance Sheets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.01 508.10 Td ( as follows: ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 467.60 354.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 467.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 467.60 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 467.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 467.60 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 437.60 354.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 437.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 437.60 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 437.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 437.60 75.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 482.6 m 483.5 482.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 482.6 m 487.5 482.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 482.6 m 562.5 482.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 467.6 m 404.5 467.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 467.6 m 483.5 467.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 467.6 m 562.5 467.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 437.6 m 483.5 437.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 437.6 m 562.5 437.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 423.6 m 483.5 423.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 421.6 m 483.5 421.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 423.6 m 562.5 423.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 421.6 m 562.5 421.6 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 486.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 451.95 486.83 Td (As of December 31,) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 53.00 471.85 Td (\(in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 437.50 471.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 516.50 471.83 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 458.17 Td (Settlement and royalty indemnity obligation, short-term) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.00 457.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 457.27 Td (6,502) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.00 457.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 457.27 Td (3,749) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 442.27 Td (Settlement and royalty indemnification, long-term) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.15 442.27 Td (13,797) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 442.27 Td (20,273) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 428.17 Td (Total settlement and royalty indemnity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.00 427.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.15 427.27 Td (20,299) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.00 427.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 427.27 Td (24,022) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (Future amounts to be paid related to the Royalty ) Tj ET Q q 0 0 0 rg BT 245.24 406.10 Td (A) Tj ET Q q 0 0 0 rg BT 251.54 406.10 Td (ward may materially dif) Tj ET Q q 0 0 0 rg BT 347.71 406.10 Td (fer from current estimates due to future revenues ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (generated from the former equity method investment.) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 371.7669921875 m 68.33984375 371.7669921875 l s q 0 0 0 rg BT 50.00 373.10 Td (CCS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 361.10 Td (The Company also has certain limited obligations contingent upon future events in connection with the activities of CCS. ) Tj ET Q q 0 0 0 rg BT 537.78 361.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 349.10 Td (Company) Tj ET Q q 0 0 0 rg BT 88.24 349.10 Td (, NexGen and two entities af) Tj ET Q q 0 0 0 rg BT 202.47 349.10 Td (filiated with NexGen have provided GSFS with limited guarantees \(the CCS Party ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 337.10 Td (guarantees\) related to certain losses it may suf) Tj ET Q q 0 0 0 rg BT 238.91 337.10 Td (fer as a result of inaccuracies or breach of representations and covenants. ) Tj ET Q q 0 0 0 rg BT 533.32 337.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 325.10 Td (Company also is a party to a contribution agreement with NexGen under which any party called upon to pay on a CCS Party ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 313.10 Td (Guaranty is entitled to receive contribution from the other party equal to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.57 313.10 Td (50%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.90 313.10 Td ( of the amount paid. No liability or expense ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 301.10 Td (provision has been recorded by the Company related to this contingent obligation as the Company believes that it is not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 289.10 Td (probable that a loss will occur with respect to CCS Party Guaranties.) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 266.7669921875 m 139.7314453125 266.7669921875 l s q 0 0 0 rg BT 50.00 268.10 Td (Consultant Obligation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.73 268.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 247.10 Td (On ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.72 247.10 Td (January1, 2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.32 247.10 Td (, the Company entered into a residual payment agreement with a former consultant who was involved in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 235.10 Td (development and deployment of RC technologies. Pursuant to the agreement, the Company was required to make annual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 223.10 Td (payments based upon CCS RC production from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.60 223.10 Td (January1, 2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.20 223.10 Td ( through ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.31 223.10 Td (June30, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.14 223.10 Td (. ) Tj ET Q q 0 0 0 rg BT 403.96 223.10 Td (These expenses are recorded within the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 211.10 Td (Legal and professional fees) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 159.68 211.10 Td ( line item in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.94 211.10 Td (Consolidated Statements of Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.30 211.10 Td ( and are recorded as RC production occurs. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 199.10 Td (During the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.52 199.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.11 199.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.11 199.10 Td (December31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.69 199.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.13 199.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.13 199.10 Td (, the Company recorded expenses under this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 187.10 Td (agreement of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.97 187.10 Td ($0.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.86 187.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.86 187.10 Td ($1.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 207.75 187.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.19 187.10 Td ($0.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.08 187.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 328.75 187.10 Td (. ) Tj ET Q q 0 0 0 rg BT 333.56 187.10 Td (The Company made the final payment related to this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 175.10 Td (obligation, in the amount of approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.13 175.10 Td ($0.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.02 175.10 Td (, in January 2016.) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 156.76699218750002 m 105.7421875 156.76699218750002 l s q 0 0 0 rg BT 50.00 158.10 Td (Line of Cr) Tj ET Q q 0 0 0 rg BT 90.75 158.10 Td (edit) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.74 158.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 141.10 Td (In September 2013, ) Tj ET Q q 0 0 0 rg BT 130.54 141.10 Td (ADA, as borrower) Tj ET Q q 0 0 0 rg BT 204.29 141.10 Td (, and ) Tj ET Q q 0 0 0 rg BT 225.67 141.10 Td (ADES, as guarantor) Tj ET Q q 0 0 0 rg BT 305.53 141.10 Td (, entered into a 2013 Loan and Security ) Tj ET Q q 0 0 0 rg BT 465.21 141.10 Td (Agreement with a bank ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 129.10 Td (for an aggregate principal amount of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.83 129.10 Td ($10 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 245.22 129.10 Td ( that is secured by certain amounts due to the Company from certain CCS RC ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 117.10 Td (leases \(the "Line of Credit"\). ) Tj ET Q q 0 0 0 rg BT 167.02 117.10 Td (As amended, the Line of Credit is available until May 31, 2016.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 100.10 Td (Covenants in the Line of Credit include a borrowing base limitation that is based on a percentage of the net present value of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 88.10 Td (ADA) Tj ET Q q 0 0 0 rg BT 70.56 88.10 Td () Tj ET Q q 0 0 0 rg BT 73.33 88.10 Td (s portion of payments due to CCS from the RC leases. ) Tj ET Q q 0 0 0 rg BT 292.58 88.10 Td (The Line of Credit also contains other af) Tj ET Q q 0 0 0 rg BT 454.84 88.10 Td (firmative and negative ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 76.10 Td (covenants and customary indemnification obligations of ) Tj ET Q q 0 0 0 rg BT 276.62 76.10 Td (ADA) Tj ET Q q 0 0 0 rg BT 297.73 76.10 Td ( to the lender and provides for the issuance of Letters of Credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 64.10 Td (provided that the aggregate amount of the Letters of Credit plus all advances then outstanding does not exceed the calculated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 52.10 Td (borrowing base. ) Tj ET Q q 0 0 0 rg BT 116.75 52.10 Td (The Company guaranteed the obligations and agreements of ) Tj ET Q q 0 0 0 rg BT 359.45 52.10 Td (ADA) Tj ET Q q 0 0 0 rg BT 380.57 52.10 Td ( under the Line of Credit. ) Tj ET Q q 0 0 0 rg BT 484.15 52.10 Td (Amounts ) Tj ET Q endstream endobj 229 0 obj <> endobj 230 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.85 31.60 Td (1) Tj ET Q q 0 0 0 rg BT 303.48 31.60 Td (1) Tj ET Q q 0 0 0 rg BT 308.11 31.60 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (outstanding under the Line of Credit bear interest payable monthly at a rate per annum equal to the higher of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.52 742.10 Td (5%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.85 742.10 Td ( or the Prime ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (Rate \(as defined in the agreement\) plus ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 213.54 730.10 Td (1%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.88 730.10 Td (. ) Tj ET Q q 0 0 0 rg BT 231.69 730.10 Td (There were no outstanding balances under this agreement at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.10 730.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.69 730.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.94 718.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.94 718.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 139.60 718.10 Td (. ) Tj ET Q q 0 0 0 rg BT 144.05 718.10 Td (As a result of certain covenant violations, the Company has no borrowing availability under this facility) Tj ET Q q 0 0 0 rg BT 558.85 718.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (The Line of Credit has been amended six times \(December 2, 2013, ) Tj ET Q q 0 0 0 rg BT 322.70 694.10 Td (April 3, 2014, September 20, 2014, December 15, 2014, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (May 29, 2015 and September 30, 2015\), most notably to extend the maturity date. ) Tj ET Q q 0 0 0 rg BT 382.81 682.10 Td (The lender has also provided seven waivers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (relating to various transactions and obligations to provide financial information to the lender) Tj ET Q q 0 0 0 rg BT 419.35 670.10 Td (.) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 644.7669921875 m 115.7421875 644.7669921875 l s q 0 0 0 rg BT 50.00 646.10 Td (Letters of Cr) Tj ET Q q 0 0 0 rg BT 100.75 646.10 Td (edit) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 629.10 Td (The Company has letters of credit \("LOC"\) with two financial institutions related to equipment projects, the royalty ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 617.10 Td (indemnification and certain other agreements. ) Tj ET Q q 0 0 0 rg BT 235.85 617.10 Td (The following tables summarize the letters of credit outstanding, collateral, by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 605.10 Td (type, and the related line items within the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 218.01 605.10 Td (Consolidated Balance Sheets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.09 605.10 Td ( where the collateral related to the letters of credit is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 593.10 Td (recorded:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 524.60 236.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 524.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 524.60 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 524.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 524.60 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 524.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 524.60 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 524.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 524.60 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 484.60 236.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 484.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 484.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 484.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 484.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 484.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 484.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 484.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 484.60 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 569.6 m 355.5 569.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 569.6 m 359.5 569.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 569.6 m 424.5 569.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 569.6 m 428.5 569.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 569.6 m 493.5 569.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 569.6 m 497.5 569.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 569.6 m 562.5 569.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 524.6 m 286.5 524.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 524.6 m 355.5 524.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 524.6 m 424.5 524.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 524.6 m 493.5 524.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 524.6 m 562.5 524.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 524.6 m 493.5 524.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 524.6 m 562.5 524.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 469.6 m 355.5 469.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 455.6 m 355.5 455.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 453.6 m 355.5 453.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 469.6 m 424.5 469.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 455.6 m 424.5 455.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 453.6 m 424.5 453.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 469.6 m 493.5 469.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 455.6 m 493.5 455.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 453.6 m 493.5 453.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 469.6 m 562.5 469.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 455.6 m 562.5 455.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 453.6 m 562.5 453.6 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 573.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 383.95 573.83 Td (As of December 31, 2015) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 53.00 528.85 Td (\(in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 313.80 536.83 Td (LOC ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 301.15 528.83 Td (Outstanding) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 364.25 528.83 Td (Restricted Cash) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 433.35 536.83 Td (Restricted cash, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 443.60 528.83 Td (long-term) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 510.35 552.83 Td (Investment ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 512.50 544.83 Td (securities, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 502.45 536.83 Td (r) Tj ET Q q 0 0 0 rg BT 505.86 536.83 Td (estricted, long-) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 521.25 528.83 Td (term) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 515.17 Td (Contract performance - equipment systems) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.00 504.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.15 504.27 Td (5,556) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 504.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.65 504.27 Td (728) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 504.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 504.27 Td (4,830) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 504.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 504.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 490.17 Td (Royalty indemnification) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.15 489.27 Td (6,150) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.65 489.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 489.27 Td (6,150) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 489.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 475.17 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.65 474.27 Td (328) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.65 474.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 474.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 474.27 Td (336) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 459.27 Td (Total LOC outstanding) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.00 459.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.15 459.27 Td (12,034) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 459.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.65 459.27 Td (728) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 459.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 459.27 Td (10,980) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 459.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 459.27 Td (336) Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 381.60 237.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 381.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 381.60 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 381.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 381.60 64.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 381.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 381.60 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 381.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 381.60 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 341.60 237.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 341.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 341.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 341.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 341.60 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 341.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 341.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 341.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 341.60 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 426.6 m 355.5 426.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 426.6 m 359.5 426.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 426.6 m 423.5 426.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 426.6 m 427.5 426.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 426.6 m 492.5 426.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 426.6 m 496.5 426.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 426.6 m 561.5 426.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 381.6 m 286.5 381.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 381.6 m 355.5 381.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 381.6 m 423.5 381.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 381.6 m 492.5 381.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 381.6 m 561.5 381.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 381.6 m 492.5 381.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 381.6 m 561.5 381.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 326.6 m 355.5 326.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 312.6 m 355.5 312.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 310.6 m 355.5 310.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 326.6 m 423.5 326.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 312.6 m 423.5 312.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 310.6 m 423.5 310.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 326.6 m 492.5 326.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 312.6 m 492.5 312.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 310.6 m 492.5 310.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 326.6 m 561.5 326.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 312.6 m 561.5 312.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 310.6 m 561.5 310.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 383.45 430.83 Td (As of December 31, 2014) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 52.00 385.85 Td (\(in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 313.80 393.83 Td (LOC ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 301.15 385.83 Td (Outstanding) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 363.75 385.83 Td (Restricted Cash) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 432.35 393.83 Td (Restricted cash, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 442.60 385.83 Td (long-term) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 509.35 409.83 Td (Investment ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 511.50 401.83 Td (securities, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 501.45 393.83 Td (r) Tj ET Q q 0 0 0 rg BT 504.86 393.83 Td (estricted, long-) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 520.25 385.83 Td (term) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 372.17 Td (Contract performance - equipment systems) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.00 361.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.15 361.27 Td (7,247) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 361.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.15 361.27 Td (2,527) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 361.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.15 361.27 Td (4,721) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 361.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 361.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 347.17 Td (Royalty indemnification) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.15 346.27 Td (4,050) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.65 346.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.15 346.27 Td (4,050) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 346.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 332.17 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.65 331.27 Td (328) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.65 331.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.65 331.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 331.27 Td (336) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 316.27 Td (Total LOC outstanding) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.00 316.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.15 316.27 Td (11,625) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 316.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.15 316.27 Td (2,527) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 316.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.15 316.27 Td (8,771) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 316.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 316.27 Td (336) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 295.10 Td (Restricted balances may exceed the letters of credit outstanding due to interest income earned on the restricted balances. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 278.10 Td (The following tables summarizes the expiration periods of the letters of credit, based upon the ultimate maturity date of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 266.10 Td (letters of credit as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.69 266.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 213.27 266.10 Td (:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 225.60 236.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 225.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 225.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 225.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 225.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 225.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 225.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 225.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 225.60 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 225.60000000000002 m 286.5 225.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 240.60000000000002 m 355.5 240.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 225.60000000000002 m 355.5 225.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 240.60000000000002 m 359.5 240.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 240.60000000000002 m 424.5 240.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 225.60000000000002 m 424.5 225.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 240.60000000000002 m 428.5 240.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 240.60000000000002 m 493.5 240.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 225.60000000000002 m 493.5 225.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 240.60000000000002 m 497.5 240.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 240.60000000000002 m 562.5 240.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 225.60000000000002 m 562.5 225.60000000000002 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 331.50 244.83 Td (Expiration of Letters of Cr) Tj ET Q q 0 0 0 rg BT 423.34 244.83 Td (edit as of December) Tj ET Q q 0 0 0 rg BT 490.50 244.83 Td ( 31, 2015) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 53.00 229.85 Td (\(in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 294.65 229.83 Td (Less than 1 year) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 376.05 229.83 Td (1-3 years) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 445.05 229.83 Td (4-5 years) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 507.35 229.83 Td (After) Tj ET Q q 0 0 0 rg BT 525.41 229.83 Td ( 5 years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 215.27 Td (Letters of credit) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.00 215.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.65 215.27 Td (728) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 215.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 215.27 Td (5,156) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 215.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 215.27 Td (6,150) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 215.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 215.27 Td () Tj ET Q BT /F1 10.00 Tf ET BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 188.76699218750002 m 239.9609375 188.76699218750002 l s q 0 0 0 rg BT 50.00 190.10 Td (Performance Guarantee on Equipment Systems) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 169.10 Td (In the normal course of business related to ) Tj ET Q q 0 0 0 rg BT 221.62 169.10 Td (ACI and DSI systems, the Company may guarantee certain performance thresholds ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 157.10 Td (during a discrete performance testing period that do not extend beyond six months from the initial test date, the commencement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 145.10 Td (of which is determined by the customer) Tj ET Q q 0 0 0 rg BT 207.74 145.10 Td (. Performance thresholds include such matters as the achievement of a certain level of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 133.10 Td (mercury removal and other emissions based upon the injection of a specified quantity of a qualified activated carbon or other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 121.10 Td (chemical at a specified rate given other plant operating conditions, availability of equipment and electric power usage. In the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 109.10 Td (event the equipment fails to perform as specified during the testing period, the Company may have an obligation to correct or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 97.10 Td (replace the equipment. ) Tj ET Q q 0 0 0 rg BT 143.11 97.10 Td (W) Tj ET Q q 0 0 0 rg BT 152.15 97.10 Td (ith respect to certain contracts, in the event the level of mercury removal is not achieved, "make right" ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 85.10 Td (provisions within the contracts may require the Company to spend additional funds, up to the total value of the contract, to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 73.10 Td (make the necessary modifications and corrections to the equipment, and related systems, in order to meet the mercury removal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 61.10 Td (specification. ) Tj ET Q q 0 0 0 rg BT 105.54 61.10 Td (As of December 31, 2014, the Company had never incurred a performance guarantee claim. If incurred, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 49.10 Td (guarantees would be included within the Equipment sales cost of revenue line of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.35 49.10 Td (Consolidated Statements of Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.71 49.10 Td (. ) Tj ET Q endstream endobj 231 0 obj <> endobj 232 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.65 31.60 Td (1) Tj ET Q q 0 0 0 rg BT 303.28 31.60 Td (12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (During 2015, the Company began working to modify and correct two performance guarantee issues, subject to "make right" ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (provisions, related to EC systems that were installed during 2015. Resolution of these performance guarantees is not expected ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (to result in a material adverse ef) Tj ET Q q 0 0 0 rg BT 178.10 718.10 Td (fect on the Company) Tj ET Q q 0 0 0 rg BT 264.46 718.10 Td (s operating performance or liquidity in 2016 or beyond. However) Tj ET Q q 0 0 0 rg BT 525.66 718.10 Td (, the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (Company will not recognize any revenues related to these two contracts until the performance guarantee issues are resolved.) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 683.7669921875 m 137.1240234375 683.7669921875 l s q 0 0 0 rg BT 50.00 685.10 Td (Pur) Tj ET Q q 0 0 0 rg BT 64.63 685.10 Td (chase Obligations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 664.10 Td (The Company does not have any future purchase obligations as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.88 664.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.46 664.10 Td (. ) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 641.7669921875 m 98.427734375 641.7669921875 l s q 0 0 0 rg BT 50.00 643.10 Td (DOE ) Tj ET Q q 0 0 0 rg BT 72.87 643.10 Td (Audits) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (Certain of the Company's completed and current contracts awarded by the DOE and related industry participants remain subject ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (to adjustments as a result of future government audits. ) Tj ET Q q 0 0 0 rg BT 269.21 610.10 Td (The Company's historical experience with these audits has not resulted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (in significant adverse adjustments to amounts previously received; however the audits for the years 2010 and later have not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (been finalized.) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 563.7669921875 m 166.6650390625 563.7669921875 l s q 0 0 0 rg BT 50.00 565.10 Td (Operating Lease Obligations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.67 565.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 544.10 Td (The Company leases of) Tj ET Q q 0 0 0 rg BT 143.96 544.10 Td (fice, warehouse and laboratory space in Highlands Ranch, Colorado under operating leases. ) Tj ET Q q 0 0 0 rg BT 512.45 544.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 532.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.58 532.10 Td (, the Company leased approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.43 532.10 Td (259 thousand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.04 532.10 Td ( square feet under approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.15 532.10 Td (five) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.70 532.10 Td ( leases. Original ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 520.10 Td (lease terms ranged from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 148.85 520.10 Td (3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.85 520.10 Td ( to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.63 520.10 Td (7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 171.63 520.10 Td ( years. Certain of these leases have options permitting renewals for additional periods. In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 508.10 Td (addition to minimum fixed payments, a number of leases contain annual escalation clauses which are related to increases in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 496.10 Td (inflation index. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 475.10 Td (Annual minimum commitments under the leases as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.29 475.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.88 475.10 Td ( are as follows:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 407.69 475.10 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 427.60 424.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.50 427.60 88.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 397.60 424.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.50 397.60 88.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 367.60 424.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.50 367.60 88.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 337.60 424.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.50 337.60 88.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474.5 427.6 m 562.5 427.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474.5 427.6 m 562.5 427.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474.5 337.6 m 562.5 337.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474.5 323.6 m 562.5 323.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474.5 321.6 m 562.5 321.6 l s BT /F1 8.00 Tf ET 0 0 0 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 53 430.78671875000003 m 142.83203125 430.78671875000003 l s q 0 0 0 rg BT 53.00 431.85 Td (Years Ending December 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 500.40 455.83 Td (Operating) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 508.20 447.83 Td (Lease) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 493.75 439.83 Td (Commitments) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 494.10 431.83 Td (\(inthousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 418.17 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.00 417.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 417.27 Td (1,506) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 403.17 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 402.27 Td (1,298) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 388.17 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 387.27 Td (1,006) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 373.17 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 372.27 Td (102) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 358.17 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 357.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 343.17 Td (Thereafter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 342.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 328.17 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.00 327.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 327.27 Td (3,912) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 302.10 Td (Rental expense incurred for the years ended are as follows:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 286.29 302.10 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 257.60 290.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 257.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 257.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 257.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 257.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 257.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 257.60 70.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 278.6 m 414.5 278.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 278.6 m 418.5 278.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 278.6 m 488.5 278.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 278.6 m 492.5 278.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 278.6 m 562.5 278.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 257.6 m 340.5 257.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 257.6 m 414.5 257.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 257.6 m 488.5 257.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 278.6 m 562.5 278.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 257.6 m 562.5 257.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 282.83 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 407.05 282.83 Td (Years Ended December 31,) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 53.00 261.85 Td (\(in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 371.00 261.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 445.00 261.83 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 519.00 261.83 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 248.17 Td (Rent expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.00 247.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.15 247.27 Td (1,838) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 247.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 247.27 Td (1,531) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 247.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 247.27 Td (871) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 50 217.53505859375002 m 82.490234375 217.53505859375002 l s q 0 0 0 rg BT 50.00 219.10 Td (Note 15) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 82.490234375 217.53505859375002 m 243.90625 217.53505859375002 l s q 0 0 0 rg BT 82.49 219.10 Td ( - Defined Contributions Savings Plan) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (The Company has an employee retirement plan \(the "401\(k\) Plan"\) that provides eligible employees of the Company an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.10 Td (opportunity to accumulate retirement funds. ) Tj ET Q q 0 0 0 rg BT 228.10 190.10 Td (The Company makes matching contributions to the 401\(k\) Plan in the form of cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td (and its common stock. ) Tj ET Q q 0 0 0 rg BT 142.31 178.10 Td (The following table presents the amount the Company recognized as expense within the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.93 178.10 Td (Payroll and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.10 Td (benefits) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.66 166.10 Td ( line item in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 146.92 166.10 Td (Consolidated Statements of Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.28 166.10 Td (: ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 125.60 275.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 125.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 125.60 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 125.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 125.60 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 125.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 125.60 75.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 140.60000000000002 m 404.5 140.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 140.60000000000002 m 408.5 140.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 140.60000000000002 m 483.5 140.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 140.60000000000002 m 487.5 140.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 140.60000000000002 m 562.5 140.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 125.60000000000002 m 325.5 125.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 125.60000000000002 m 404.5 125.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 140.60000000000002 m 483.5 140.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 125.60000000000002 m 483.5 125.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 140.60000000000002 m 562.5 140.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 125.60000000000002 m 562.5 125.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 125.60000000000002 m 562.5 125.60000000000002 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 399.55 144.83 Td (Years Ended December 31,) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 53.00 129.85 Td (\(in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 358.50 129.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 437.50 129.83 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 516.50 129.83 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 116.17 Td (401\(K\) employer expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.00 115.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.65 115.27 Td (439) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.00 115.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.65 115.27 Td (509) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.00 115.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 115.27 Td (625) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 233 0 obj <> endobj 234 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.65 31.60 Td (1) Tj ET Q q 0 0 0 rg BT 303.28 31.60 Td (13) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 50 714.53505859375 m 82.490234375 714.53505859375 l s q 0 0 0 rg BT 50.00 716.10 Td (Note 16) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 82.490234375 714.53505859375 m 148.8818359375 714.53505859375 l s q 0 0 0 rg BT 82.49 716.10 Td ( - Income ) Tj ET Q q 0 0 0 rg BT 124.80 716.10 Td (T) Tj ET Q q 0 0 0 rg BT 130.55 716.10 Td (axes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 695.10 Td (The provision for income taxes consists of the following:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 654.60 280.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 654.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 334.50 654.60 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 654.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.50 654.60 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 654.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 654.60 74.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 624.60 280.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 624.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 334.50 624.60 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 624.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.50 624.60 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 624.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 624.60 74.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 594.60 280.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 594.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 334.50 594.60 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 594.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.50 594.60 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 594.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 594.60 74.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 564.60 280.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 564.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 334.50 564.60 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 564.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.50 564.60 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 564.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 564.60 74.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 669.6 m 407.5 669.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 669.6 m 411.5 669.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 669.6 m 484.5 669.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 669.6 m 488.5 669.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 669.6 m 562.5 669.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 654.6 m 330.5 654.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 654.6 m 407.5 654.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 669.6 m 484.5 669.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 654.6 m 484.5 654.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 669.6 m 562.5 669.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 654.6 m 562.5 654.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 609.6 m 407.5 609.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 609.6 m 484.5 609.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 609.6 m 562.5 609.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 594.6 m 407.5 594.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 594.6 m 484.5 594.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 594.6 m 562.5 594.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 579.6 m 407.5 579.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 565.6 m 407.5 565.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 563.6 m 407.5 563.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 579.6 m 484.5 579.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 565.6 m 484.5 565.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 563.6 m 484.5 563.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 579.6 m 562.5 579.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 565.6 m 562.5 565.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 563.6 m 562.5 563.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 550.6 m 407.5 550.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 548.6 m 407.5 548.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 550.6 m 484.5 550.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 548.6 m 484.5 548.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 550.6 m 562.5 550.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 548.6 m 562.5 548.6 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 673.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 402.05 673.83 Td (Years Ended December 31,) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 53.00 658.85 Td (\(in thousands, except for rate\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 362.50 658.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 439.50 658.83 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 517.00 658.83 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 645.17 Td (Current portion of income tax expense:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 630.17 Td (Federal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.00 629.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.65 629.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.00 629.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.65 629.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.00 629.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.30 629.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 615.17 Td (State) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.65 614.27 Td (20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.65 614.27 Td (296) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.30 614.27 Td (463) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.65 599.27 Td (20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.65 599.27 Td (296) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.30 599.27 Td (463) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 585.17 Td (Deferred portion of income tax expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.65 584.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.65 584.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.30 584.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 570.17 Td (Total income tax expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.00 569.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.65 569.27 Td (20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.00 569.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.65 569.27 Td (296) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.00 569.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.30 569.27 Td (463) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 555.17 Td (Effective tax rate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.65 554.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.65 554.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.65 554.27 Td (18) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.65 554.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.95 554.27 Td (\(3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 554.27 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 529.10 Td (A) Tj ET Q q 0 0 0 rg BT 56.67 529.10 Td ( reconciliation of expected federal income taxes on income from operations at statutory rates with the expense \(benefit\) for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 517.10 Td (income taxes is as follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 467.60 290.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 467.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 467.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 467.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 467.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 467.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 467.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 437.60 290.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 437.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 437.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 437.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 437.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 437.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 437.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 407.60 290.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 407.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 407.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 407.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 407.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 407.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 407.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 377.60 290.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 377.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 377.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 377.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 377.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 377.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 377.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 347.60 290.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 347.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 347.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 347.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 347.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 347.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 347.60 70.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 493.6 m 418.5 493.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 493.6 m 492.5 493.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 480.6 m 340.5 480.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 493.6 m 414.5 493.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 480.6 m 414.5 480.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 493.6 m 488.5 493.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 480.6 m 488.5 480.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 493.6 m 562.5 493.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 480.6 m 562.5 480.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 467.6 m 414.5 467.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 467.6 m 488.5 467.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 467.6 m 562.5 467.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 332.6 m 414.5 332.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 332.6 m 488.5 332.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 332.6 m 562.5 332.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 318.6 m 414.5 318.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 316.6 m 414.5 316.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 332.6 m 488.5 332.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 318.6 m 488.5 318.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 316.6 m 488.5 316.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 332.6 m 562.5 332.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 318.6 m 562.5 318.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 316.6 m 562.5 316.6 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 497.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 407.05 497.83 Td (Years Ended December 31,) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 53.00 484.85 Td (\(in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 371.00 484.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 445.00 484.83 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 519.00 484.83 Td (2013) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 471.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 364.95 471.83 Td (Amount) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 438.95 471.83 Td (Amount) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 512.95 471.83 Td (Amount) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 458.17 Td (Federal statutory rate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.00 457.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.80 457.32 Td (\(10,542) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.65 457.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 457.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.65 457.27 Td (589) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 457.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.80 457.32 Td (\(5,435) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 457.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 443.17 Td (State income taxes, net of federal benefit) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.30 442.32 Td (\(781) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.65 442.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 442.27 Td (31) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.80 442.32 Td (\(1,077) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 442.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 428.17 Td (Disallowed compensation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.65 427.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.65 427.27 Td (721) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 427.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 413.17 Td (Permanent differences) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.65 412.27 Td (35) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 412.27 Td (52) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 412.27 Td (45) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 398.17 Td (Tax credits) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.80 397.32 Td (\(38,998) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.65 397.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.80 397.32 Td (\(25,607) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 397.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.80 397.32 Td (\(14,727) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 397.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 383.17 Td (Valuation allowances) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.15 382.27 Td (50,066) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 382.27 Td (23,794) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 382.27 Td (21,843) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 368.17 Td (Changes in state effective rates) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.30 367.32 Td (\(243) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.65 367.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.65 367.27 Td (716) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 367.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 353.17 Td (Share based compensation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.65 352.27 Td (487) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 352.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 352.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 338.17 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.30 337.32 Td (\(4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.65 337.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 337.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.30 337.32 Td (\(186) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 337.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 323.17 Td (Expense \(Benefit\) for the provision for income taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.00 322.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.65 322.27 Td (20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 322.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.65 322.27 Td (296) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 322.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 322.27 Td (463) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 297.10 Td (Deferred income taxes are provided for the ef) Tj ET Q q 0 0 0 rg BT 232.23 297.10 Td (fects of temporary dif) Tj ET Q q 0 0 0 rg BT 318.96 297.10 Td (ferences between the tax basis of an asset or liability and its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 285.10 Td (reported amount in the accompanying Consolidated Balance Sheets. ) Tj ET Q q 0 0 0 rg BT 325.02 285.10 Td (These temporary dif) Tj ET Q q 0 0 0 rg BT 405.92 285.10 Td (ferences result in taxable or deductible ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 273.10 Td (amounts in future years. Details of the Company) Tj ET Q q 0 0 0 rg BT 247.18 273.10 Td (s deferred tax assets and liabilities are summarized as follows:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 496.26 273.10 Td () Tj ET Q endstream endobj 235 0 obj <> endobj 236 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.65 31.60 Td (1) Tj ET Q q 0 0 0 rg BT 303.28 31.60 Td (14) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 722.50 364.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 722.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 722.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 722.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 722.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 692.50 364.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 692.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 692.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 692.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 692.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 662.50 364.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 662.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 662.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 662.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 662.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 632.50 364.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 632.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 632.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 632.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 632.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 602.50 364.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 602.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 602.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 602.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 602.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 572.50 364.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 572.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 572.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 572.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 572.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 542.50 364.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 542.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 542.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 542.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 542.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 512.50 364.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 512.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 512.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 512.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 512.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 482.50 364.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 482.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 482.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 482.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 482.50 70.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 735.5 m 487.5 735.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 735.5 m 491.5 735.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 735.5 m 561.5 735.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 722.5 m 413.5 722.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 722.5 m 487.5 722.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 722.5 m 561.5 722.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 722.5 m 413.5 722.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 722.5 m 487.5 722.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 722.5 m 561.5 722.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 572.5 m 487.5 572.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 572.5 m 561.5 572.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 542.5 m 487.5 542.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 542.5 m 561.5 542.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 527.5 m 487.5 527.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 527.5 m 561.5 527.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 497.5 m 487.5 497.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 482.5 m 487.5 482.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 497.5 m 561.5 497.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 482.5 m 561.5 482.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 468.5 m 487.5 468.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 466.5 m 487.5 466.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 468.5 m 561.5 468.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 466.5 m 561.5 466.5 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 739.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 455.95 739.73 Td (As of December 31,) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 52.00 726.75 Td (\(in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 444.00 726.73 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 518.00 726.73 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 713.07 Td (Deferred tax assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 698.07 Td (Settlements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.00 697.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 697.17 Td (7,807) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.00 697.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 697.17 Td (9,177) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 683.07 Td (Deferred revenues and loss contract provisions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 682.17 Td (2,899) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 682.17 Td (4,650) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 668.07 Td (Employee related liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 667.17 Td (4,598) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 667.17 Td (3,643) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 653.07 Td (Intangible assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 652.17 Td (1,733) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 652.17 Td (1,070) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 638.07 Td (Equity method investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 637.17 Td (7,500) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 637.17 Td (7,507) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 623.07 Td (Net operating loss carryforward) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 622.17 Td (23,193) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 622.17 Td (10,831) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 608.07 Td (Tax credits) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 607.17 Td (97,484) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 607.17 Td (58,486) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 593.07 Td (Deposits on equipment contracts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 592.17 Td (1,146) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 592.17 Td (2,492) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 578.07 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 577.17 Td (2,118) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 577.17 Td (1,105) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 563.07 Td (Total deferred tax assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.15 562.17 Td (148,478) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 562.17 Td (98,961) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 548.07 Td (Less valuation allowance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.80 547.22 Td (\(148,269) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.65 547.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.80 547.22 Td (\(98,203) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 547.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 533.07 Td (Net deferred tax assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.65 532.17 Td (209) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 532.17 Td (758) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 518.07 Td (Less: Deferred tax liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 503.07 Td (Property and equipment and other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.30 502.22 Td (\(209) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.65 502.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.30 502.22 Td (\(758) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 502.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 488.07 Td (Total deferred tax liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.30 487.22 Td (\(209) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.65 487.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.30 487.22 Td (\(758) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 487.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 473.07 Td (Net deferred tax assets \(liabilities\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.00 472.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.65 472.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.00 472.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 472.17 Td () Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 447.00 Td (The Company assesses the available positive and negative evidence to determine if suf) Tj ET Q q 0 0 0 rg BT 396.93 447.00 Td (ficient future taxable income will be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 435.00 Td (generated to use the existing deferred tax assets. ) Tj ET Q q 0 0 0 rg BT 244.65 435.00 Td (A) Tj ET Q q 0 0 0 rg BT 251.32 435.00 Td ( significant piece of objective negative evidence evaluated was the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 423.00 Td (cumulative loss incurred over the three-year period ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.24 423.00 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.82 423.00 Td (. ) Tj ET Q q 0 0 0 rg BT 366.27 423.00 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.71 423.00 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.30 423.00 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.74 423.00 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.74 423.00 Td (, the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 411.00 Td (Company has recorded a full valuation allowance against the net deferred tax assets of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.20 411.00 Td ($148.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.09 411.00 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.53 411.00 Td ($98.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.42 411.00 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 399.00 Td (respectively) Tj ET Q q 0 0 0 rg BT 97.66 399.00 Td (, to reflect the estimated amount of deferred tax assets that may not be realized. During ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.09 399.00 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.09 399.00 Td (, the Company) Tj ET Q q 0 0 0 rg BT 529.47 399.00 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 387.00 Td (valuation allowance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 132.74 387.00 Td (increased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 170.50 387.00 Td ( by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 185.50 387.00 Td ($50.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 239.39 387.00 Td ( primarily due to increases in tax credits, of) Tj ET Q q 0 0 0 rg BT 412.76 387.00 Td (fset by net decreases in other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 375.00 Td (deferred tax assets.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 354.00 Td (The following table presents the approximate amount of federal and state net operating loss carryforwards and federal tax credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 342.00 Td (carryforwards available to reduce future taxable income, along with the respective range of years that the net operating loss and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 330.00 Td (tax credit carryforwards would expire if not utilized:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 277.50 272.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 277.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 277.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 277.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.50 277.50 79.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.50 277.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 277.50 79.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 247.50 272.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 247.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 247.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 247.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.50 247.50 79.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.50 247.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 247.50 79.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 304.5 m 396.5 304.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 304.5 m 400.5 304.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400.5 304.5 m 479.5 304.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479.5 304.5 m 483.5 304.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 304.5 m 562.5 304.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 277.5 m 322.5 277.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 277.5 m 396.5 277.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400.5 277.5 m 479.5 277.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 277.5 m 562.5 277.5 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 410.95 308.73 Td (As of December 31,) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 53.00 281.95 Td (\(in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 353.00 281.73 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 403.60 289.73 Td (Beginning expiration) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 432.00 281.73 Td (year) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 491.45 289.73 Td (Ending expiration) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 515.00 281.73 Td (year) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 267.17 Td (Federal net operating loss carryforwards) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.00 267.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.15 267.17 Td (59,042) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.00 267.17 Td (2031) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.00 267.17 Td (2035) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 252.17 Td (State net operating loss carryforwards) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.00 252.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.15 252.17 Td (62,422) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.00 252.17 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.00 252.17 Td (2035) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 237.17 Td (Federal tax credit carryforwards) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.00 237.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.15 237.17 Td (97,484) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.00 237.17 Td (2031) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.00 237.17 Td (2035) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 212.00 Td (The Company does not believe it has any significant uncertain tax positions. ) Tj ET Q q 0 0 0 rg BT 357.81 212.00 Td (The Company specifically evaluated whether the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 200.00 Td (installment sale treatment compared to lease treatment for tax purposes at CCS gives rise to an uncertain tax position. ) Tj ET Q q 0 0 0 rg BT 522.09 200.00 Td (As this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 188.00 Td (accounting related to a potential uncertain tax position would result in the Company recording a tax asset, no amount has been ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 176.00 Td (recorded. ) Tj ET Q q 0 0 0 rg BT 89.42 176.00 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 138.76 176.00 Td (, the Company did not record any adjustments or recognize interest expense for uncertain tax positions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 164.00 Td (for the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.85 164.00 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 207.44 164.00 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 212.44 164.00 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 232.44 164.00 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 251.88 164.00 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.88 164.00 Td (. In the future, if uncertain tax positions arise, interest and penalties will ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 152.00 Td (be accrued and included in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.39 152.00 Td (Interest expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 239.08 152.00 Td ( line item in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.35 152.00 Td (Consolidated Statements of Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.71 152.00 Td (. ) Tj ET Q q 0 0 0 rg BT 465.16 152.00 Td (Additionally) Tj ET Q q 0 0 0 rg BT 515.06 152.00 Td (, the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 140.00 Td (Company does recognize interest expense related to tax treatment of RC facilities at CCS in the Interest expense line item in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 128.00 Td (the Consolidated Statements of Operations. ) Tj ET Q q 0 0 0 rg BT 225.53 128.00 Td (Additional information related to these interest amounts is included in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.24 128.00 Td (Note 1) Tj ET Q q 0 0 0 rg BT 534.81 128.00 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.81 128.00 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 107.00 Td (The Company files income tax returns in the U.S. and in various states. ) Tj ET Q q 0 0 0 rg BT 337.54 107.00 Td (The Company is no longer subject to U.S. federal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 95.00 Td (examinations by tax authorities for years before ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.54 95.00 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.54 95.00 Td (. ) Tj ET Q q 0 0 0 rg BT 268.36 95.00 Td (The Company is generally no longer subject to State and local ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 83.00 Td (examinations by tax authorities for years before ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.54 83.00 Td (201) Tj ET Q q 0 0 0 rg BT 258.17 83.00 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.17 83.00 Td (.) Tj ET Q endstream endobj 237 0 obj <> endobj 238 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.65 31.60 Td (1) Tj ET Q q 0 0 0 rg BT 303.28 31.60 Td (15) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 50 740.68505859375 m 82.490234375 740.68505859375 l s q 0 0 0 rg BT 50.00 742.25 Td (Note 17) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 82.490234375 740.68505859375 m 221.38671875 740.68505859375 l s q 0 0 0 rg BT 82.49 742.25 Td ( - Business Segment Information) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 716.25 Td (Operating segments are defined as components of an enterprise about which separate financial information is available that is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 704.25 Td (evaluated regularly by a company's chief operating decision maker \("CODM"\), or a decision making group, in deciding how to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 692.25 Td (allocate resources and in assessing financial performance. ) Tj ET Q q 0 0 0 rg BT 283.24 692.25 Td (As of December 31, 2015, the Company's CODM was the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 680.25 Td (Company's CEO. ) Tj ET Q q 0 0 0 rg BT 121.90 680.25 Td (The Company's operating and reportable segments are or) Tj ET Q q 0 0 0 rg BT 349.83 680.25 Td (ganized by products and services provided. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 668.25 Td (Segments have been reor) Tj ET Q q 0 0 0 rg BT 150.06 668.25 Td (ganized from prior periods due to changes within the Company's management structure and the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 656.25 Td (manner in which the Company is operating the business. ) Tj ET Q q 0 0 0 rg BT 278.30 656.25 Td (All prior periods have been conformed to the current year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 644.25 Td (presentation. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 618.25 Td (During the fourth quarter of 2015, the Company realigned is operating segments into ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.14 618.25 Td (two) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.14 618.25 Td ( reportable segments: \(1\) Refined ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 606.25 Td (Coal \("RC"\); and \(2\) Emissions Control \("EC"\). Following the realignment, the Company retroactively adjusted all segment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 594.25 Td (related disclosures included within the notes to the Consolidated Financial Statements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 568.25 Td (The business segment measurements provided to and evaluated by the CODM are computed in accordance with the principles ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 556.25 Td (listed below: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.60 539.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.60 539.25 Td (The accounting policies of the operating segments are the same as those described in the summary of significant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.60 527.25 Td (accounting policies except as described below) Tj ET Q q 0 0 0 rg BT 269.60 527.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.60 510.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.60 510.25 Td (Segment revenues include the Company's equity method earnings and losses from the Company's equity method ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.60 498.25 Td (investments. Segment revenue also includes the Company's royalty earnings from CCS. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.60 481.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.60 481.25 Td (Segment operating income \(loss\) includes the Company's equity method earnings and losses from the Company's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.60 469.25 Td (equity method investments and royalty earnings from CCS. However) Tj ET Q q 0 0 0 rg BT 362.09 469.25 Td (, segment operating income \(loss\) excludes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.60 457.25 Td (Payroll and benefits) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 165.58 457.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 170.58 457.25 Td (Rent and occupancy) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 251.01 457.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.01 457.25 Td (Legal and professional fees) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.69 457.25 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.63 457.25 Td (General and administrative) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.92 457.25 Td ( \("Corporate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.60 445.25 Td (general and administrative expenses"\), as well as depreciation and amortization expense, unless otherwise specifically ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.60 433.25 Td (attributable to a segment.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.60 416.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.60 416.25 Td (Items not included in consolidated operating income are excluded from segment operating income except for 453A) Tj ET Q q 0 0 0 rg BT 545.73 416.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.60 404.25 Td (interest and RCM6 interest expense, which is directly attributable to the RC segment.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 387.25 Td (The following table presents the Company's operating segment results for the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.98 387.25 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.57 387.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.57 387.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.57 387.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.00 387.25 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 555.00 387.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 375.25 Td (All assets are located in the U.S. and all significant customers are U.S. companies.) Tj ET Q endstream endobj 239 0 obj <> endobj 240 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.65 31.60 Td (1) Tj ET Q q 0 0 0 rg BT 303.28 31.60 Td (16) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 722.50 290.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 722.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 722.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 722.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 722.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 722.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 722.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 693.50 290.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 693.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 693.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 693.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 693.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 693.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 693.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 663.50 290.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 663.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 663.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 663.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 663.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 663.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 663.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 633.50 290.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 633.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 633.50 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 633.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 633.50 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 633.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 633.50 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 604.50 290.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 604.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 604.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 604.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 604.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 604.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 604.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 574.50 290.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 574.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 574.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 574.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 574.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 574.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 574.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 544.50 290.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 544.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 544.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 544.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 544.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 544.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 544.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 514.50 290.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 514.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 514.50 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 514.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 514.50 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 514.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 514.50 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 485.50 290.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 485.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 485.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 485.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 485.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 485.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 485.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 455.50 290.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 455.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 455.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 455.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 455.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 455.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 455.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 425.50 290.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 425.50 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 425.50 70.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 425.50 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 425.50 70.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 425.50 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 425.50 70.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 385.50 290.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 385.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 385.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 385.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 385.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 385.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 385.50 70.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 735.5 m 414.5 735.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 735.5 m 418.5 735.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 735.5 m 488.5 735.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 735.5 m 492.5 735.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 735.5 m 562.5 735.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 722.5 m 340.5 722.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 722.5 m 414.5 722.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 735.5 m 488.5 735.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 722.5 m 488.5 722.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 735.5 m 562.5 735.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 722.5 m 562.5 722.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 648.5 m 414.5 648.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 648.5 m 488.5 648.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 648.5 m 562.5 648.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 574.5 m 414.5 574.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 574.5 m 488.5 574.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 574.5 m 562.5 574.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 559.5 m 414.5 559.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 544.5 m 414.5 544.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 559.5 m 488.5 559.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 544.5 m 488.5 544.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 559.5 m 562.5 559.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 544.5 m 562.5 544.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 470.5 m 414.5 470.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 470.5 m 488.5 470.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 470.5 m 562.5 470.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 440.5 m 414.5 440.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 426.5 m 414.5 426.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 424.5 m 414.5 424.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 440.5 m 488.5 440.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 426.5 m 488.5 426.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 424.5 m 488.5 424.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 440.5 m 562.5 440.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 426.5 m 562.5 426.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 424.5 m 562.5 424.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 370.5 m 414.5 370.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 356.5 m 414.5 356.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 354.5 m 414.5 354.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 370.5 m 488.5 370.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 356.5 m 488.5 356.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 354.5 m 488.5 354.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 370.5 m 562.5 370.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 356.5 m 562.5 356.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 354.5 m 562.5 354.5 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 739.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 407.05 739.73 Td (Years Ended December 31,) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 53.00 726.75 Td (\(in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 371.00 726.73 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 445.00 726.73 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 519.00 726.73 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 712.17 Td (Revenues:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 698.18 Td (Refined Coal:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 683.17 Td (Earnings from equity method investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.00 683.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.15 683.17 Td (8,921) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 683.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 683.17 Td (42,712) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 683.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 683.17 Td (15,502) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 668.17 Td (Consulting services) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.65 668.17 Td (55) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.65 668.17 Td (665) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 668.17 Td (1,330) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 653.17 Td (Royalties, related party) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.15 653.17 Td (10,642) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 653.17 Td (6,410) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 653.17 Td (2,505) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.15 638.17 Td (19,618) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 638.17 Td (49,787) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 638.17 Td (19,337) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 624.18 Td (Emissions Contr) Tj ET Q q 0 0 0 rg BT 123.66 624.18 Td (ol:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 609.17 Td (Equipment sales) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.15 609.17 Td (60,099) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 609.17 Td (12,044) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 609.17 Td (5,747) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 594.17 Td (Consulting services) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.15 594.17 Td (1,697) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 594.17 Td (3,823) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 594.17 Td (5,460) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 579.17 Td (Chemical and other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.65 579.17 Td (888) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.65 579.17 Td (391) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 579.17 Td (749) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.15 564.17 Td (62,684) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 564.17 Td (16,258) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 564.17 Td (11,956) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 549.17 Td (Total segment reporting revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.00 549.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.15 549.17 Td (82,302) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 549.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 549.17 Td (66,045) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 549.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 549.17 Td (31,293) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 519.17 Td (Adjustments to reconcile to reported revenues:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 505.18 Td (Refined Coal:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 490.17 Td (Earnings from equity method investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.00 490.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.80 490.22 Td (\(8,921) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.65 490.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 490.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.80 490.22 Td (\(42,712) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 490.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 490.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.80 490.22 Td (\(15,502) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 490.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 475.17 Td (Royalties, related party) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.80 475.22 Td (\(10,642) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.65 475.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.80 475.22 Td (\(6,410) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 475.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.80 475.22 Td (\(2,505) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 475.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.80 460.22 Td (\(19,563) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.65 460.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.80 460.22 Td (\(49,122) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 460.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.80 460.22 Td (\(18,007) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 460.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 430.17 Td (Total reported revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.00 430.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.15 430.17 Td (62,739) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 430.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 430.17 Td (16,923) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 430.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 430.17 Td (13,286) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 405.17 Td (Segment reporting operating income \(loss\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 390.17 Td (Refined Coal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.00 390.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.15 390.17 Td (12,131) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 390.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 390.17 Td (42,094) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 390.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 390.17 Td (16,227) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 375.17 Td (Emissions Control) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.80 375.22 Td (\(7,583) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.65 375.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.80 375.22 Td (\(13,348) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 375.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.80 375.22 Td (\(14,494) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 375.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 360.17 Td (Total segment operating income \(loss\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.00 360.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.15 360.17 Td (4,548) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 360.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 360.17 Td (28,746) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 360.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 360.17 Td (1,733) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 241 0 obj <> endobj 242 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.65 31.60 Td (1) Tj ET Q q 0 0 0 rg BT 303.28 31.60 Td (17) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (A) Tj ET Q q 0 0 0 rg BT 56.67 742.10 Td ( reconciliation of reportable segment amounts to the Company's consolidated balances is as follows:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 457.54 742.10 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 705.60 290.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 705.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 705.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 705.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 705.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 705.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 705.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 675.60 290.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 675.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 675.60 70.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 675.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 675.60 70.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 675.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 675.60 70.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 635.60 290.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 635.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 635.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 635.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 635.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 635.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 635.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 605.60 290.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 605.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 605.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 605.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 605.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 605.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 605.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 575.60 290.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 575.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 575.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 575.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 575.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 575.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 575.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 545.60 290.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 545.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 545.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 545.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 545.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 545.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 545.60 70.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 718.6 m 414.5 718.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 718.6 m 418.5 718.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 718.6 m 488.5 718.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 718.6 m 492.5 718.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 718.6 m 562.5 718.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 705.6 m 340.5 705.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 705.6 m 414.5 705.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 718.6 m 488.5 718.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 705.6 m 488.5 705.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 718.6 m 562.5 718.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 705.6 m 562.5 705.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 705.6 m 340.5 705.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 705.6 m 414.5 705.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 705.6 m 488.5 705.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 705.6 m 562.5 705.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 530.6 m 414.5 530.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 530.6 m 488.5 530.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 530.6 m 562.5 530.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 516.6 m 414.5 516.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 514.6 m 414.5 514.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 530.6 m 488.5 530.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 516.6 m 488.5 516.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 514.6 m 488.5 514.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 530.6 m 562.5 530.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 516.6 m 562.5 516.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 514.6 m 562.5 514.6 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 722.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 407.05 722.83 Td (Years Ended December 31,) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 53.00 709.85 Td (\(in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 371.00 709.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 445.00 709.83 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 519.00 709.83 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 695.27 Td (Segment income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 680.27 Td (Total reported segment operating income \(loss\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.00 680.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.15 680.27 Td (4,548) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 680.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 680.27 Td (28,746) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 680.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 680.27 Td (1,733) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 665.27 Td (Adjustments to reconcile to net loss attributable to Advanced) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 655.27 Td (Emissions Solutions, Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 640.27 Td (Corporate payroll and benefits) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.80 640.32 Td (\(14,842) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.65 640.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.80 640.32 Td (\(12,621) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 640.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.80 640.32 Td (\(10,898) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 640.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 625.27 Td (Corporate rent and occupancy) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.30 625.32 Td (\(707) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.65 625.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.30 625.32 Td (\(694) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 625.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.30 625.32 Td (\(593) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 625.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 610.27 Td (Corporate legal and professional fees) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.80 610.32 Td (\(15,199) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.65 610.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.80 610.32 Td (\(9,514) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 610.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.80 610.32 Td (\(2,563) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 610.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 595.27 Td (Corporate general and administrative) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.80 595.32 Td (\(3,640) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.65 595.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.80 595.32 Td (\(3,980) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 595.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.80 595.32 Td (\(2,961) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 595.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 580.27 Td (Corporate depreciation and amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.30 580.32 Td (\(578) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.65 580.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.30 580.32 Td (\(354) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 580.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.30 580.32 Td (\(307) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 580.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 565.27 Td (Interest income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.65 565.27 Td (24) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 565.27 Td (74) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 565.27 Td (109) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 550.27 Td (Other income \(expense\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.65 550.27 Td (273) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 550.27 Td (26) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.30 550.32 Td (\(44) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 550.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 535.27 Td (Income tax \(expense\) benefit) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.30 535.32 Td (\(20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.65 535.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.30 535.32 Td (\(296) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 535.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.30 535.32 Td (\(463) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 535.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 520.27 Td (Net income \(loss\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.00 520.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.80 520.32 Td (\(30,141) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.65 520.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 520.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 520.27 Td (1,387) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 520.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.80 520.32 Td (\(15,987) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 520.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 495.10 Td (Corporate general and administrative expenses include certain costs that benefit the business as a whole but are not directly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 483.10 Td (related to one of our segments. Such costs include but are not limited to accounting and human resources staf) Tj ET Q q 0 0 0 rg BT 486.65 483.10 Td (f, information ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 471.10 Td (systems costs, legal fees, facility costs, audit fees and corporate governance expenses.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 450.10 Td (Segment assets were as follows as of the dates presented: ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 413.60 364.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 413.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 413.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 413.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 413.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 383.60 364.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 383.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 383.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 383.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 383.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 353.60 364.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 353.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 353.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 353.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 353.60 70.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 426.6 m 488.5 426.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 426.6 m 492.5 426.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 426.6 m 562.5 426.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 413.6 m 414.5 413.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 413.6 m 488.5 413.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 426.6 m 562.5 426.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 413.6 m 562.5 413.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 353.6 m 488.5 353.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 339.6 m 488.5 339.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 337.6 m 488.5 337.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 353.6 m 562.5 353.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 339.6 m 562.5 339.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 337.6 m 562.5 337.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 456.95 430.83 Td (As of December 31,) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 53.00 417.85 Td (\(in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 445.00 417.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 519.00 417.83 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 403.27 Td (Assets:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 388.27 Td (Refined Coal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 388.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 388.27 Td (19,507) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 388.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 388.27 Td (21,322) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 373.27 Td (Emissions Control) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 373.27 Td (31,467) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 373.27 Td (51,891) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 358.27 Td (All Other and Corporate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 358.27 Td (9,801) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 358.27 Td (20,486) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 343.27 Td (Consolidated) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 343.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 343.27 Td (60,775) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 343.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 343.27 Td (93,699) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 50 311.53505859375 m 82.490234375 311.53505859375 l s q 0 0 0 rg BT 50.00 313.10 Td (Note 18) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 82.490234375 311.53505859375 m 167.4599609375 311.53505859375 l s q 0 0 0 rg BT 82.49 313.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 313.10 Td (- Major) Tj ET Q q 0 0 0 rg BT 118.86 313.10 Td ( Customers) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 296.10 Td (Sales to unaf) Tj ET Q q 0 0 0 rg BT 101.47 296.10 Td (filiated customers who represent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 234.21 296.10 Td (10%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.54 296.10 Td ( or more of the Company) Tj ET Q q 0 0 0 rg BT 356.13 296.10 Td (s sales in any one year were as follows:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 513.86 296.10 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 257.60 60.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 110.50 257.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 114.50 257.60 140.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 254.50 257.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 258.50 257.60 97.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 257.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 257.60 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 257.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 257.60 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 257.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 257.60 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 207.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 110.50 207.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 114.50 207.60 140.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 254.50 207.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 258.50 207.60 97.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 207.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 207.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 207.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 207.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 207.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 207.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 177.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 110.50 177.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 114.50 177.60 140.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 254.50 177.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 258.50 177.60 97.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 177.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 177.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 177.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 177.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 177.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 177.60 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 270.6 m 424.5 270.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 270.6 m 428.5 270.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 270.6 m 493.5 270.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 270.6 m 497.5 270.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 270.6 m 562.5 270.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 257.6 m 110.5 257.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 114.5 257.6 m 254.5 257.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 258.5 257.6 m 355.5 257.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 257.6 m 424.5 257.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 257.6 m 493.5 257.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 257.6 m 562.5 257.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 257.6 m 110.5 257.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 114.5 257.6 m 254.5 257.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 258.5 257.6 m 355.5 257.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 257.6 m 424.5 257.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 257.6 m 493.5 257.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 257.6 m 562.5 257.6 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 275.27 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 55.50 275.27 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 414.55 274.83 Td (Years Ended December 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 63.15 261.83 Td (Customer) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 160.00 261.83 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 191.18 261.83 Td (T) Tj ET Q q 0 0 0 rg BT 195.93 261.83 Td (ype) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 287.60 261.83 Td (Segment\(s\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 383.50 261.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 452.50 261.83 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 521.50 261.83 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 248.17 Td (A) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 247.27 Td (Equipment sales, Consulting) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 237.27 Td (services) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.00 237.27 Td (EC) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.30 237.27 Td (16%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.30 237.27 Td (37%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.80 237.27 Td (2%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 223.17 Td (B) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 222.27 Td (Equipment sales, Consulting) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 212.27 Td (services, Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.00 212.27 Td (EC) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.80 212.27 Td (2%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.30 212.27 Td (24%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.30 212.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 198.17 Td (C) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 197.27 Td (Equipment sales) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.00 197.27 Td (EC) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.30 197.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.80 197.27 Td (1%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.30 197.27 Td (11%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 183.17 Td (D) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 182.27 Td (Consulting services) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.00 182.27 Td (EC) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.30 182.27 Td (11%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.80 182.27 Td (8%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.30 182.27 Td (12%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 168.17 Td (E) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 167.27 Td (Equipment sales) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.00 167.27 Td (EC) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.30 167.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.30 167.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.30 167.27 Td (25%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 153.17 Td (F) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 152.27 Td (Equipment sales) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.00 152.27 Td (EC) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.30 152.27 Td (15%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.30 152.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.30 152.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 243 0 obj <> endobj 244 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.65 31.60 Td (1) Tj ET Q q 0 0 0 rg BT 303.28 31.60 Td (18) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 50 740.68505859375 m 82.490234375 740.68505859375 l s q 0 0 0 rg BT 50.00 742.25 Td (Note 19) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 82.490234375 740.68505859375 m 262.216796875 740.68505859375 l s q 0 0 0 rg BT 82.49 742.25 Td ( - Quarterly Financial Results \(unaudited\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 725.25 Td (Summarized quarterly results for the two years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.60 725.25 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.18 725.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.62 725.25 Td (December31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.20 725.25 Td (, respectively) Tj ET Q q 0 0 0 rg BT 495.86 725.25 Td (, are as follows: ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 675.75 216.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 265.50 675.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 269.50 675.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 675.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 675.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 675.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 675.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 675.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 675.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 635.75 216.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 265.50 635.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 269.50 635.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 635.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 635.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 635.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 635.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 635.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 635.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 605.75 216.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 265.50 605.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 269.50 605.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 605.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 605.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 605.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 605.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 605.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 605.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 575.75 216.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 265.50 575.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 269.50 575.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 575.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 575.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 575.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 575.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 575.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 575.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 545.75 216.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 265.50 545.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 269.50 545.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 545.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 545.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 545.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 545.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 545.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 545.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 515.75 216.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 265.50 515.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 269.50 515.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 515.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 515.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 515.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 515.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 515.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 515.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 485.75 216.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 265.50 485.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 269.50 485.75 70.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 485.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 485.75 70.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 485.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 485.75 70.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 485.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 485.75 70.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 445.75 216.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 265.50 445.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 269.50 445.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 445.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 445.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 445.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 445.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 445.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 445.75 70.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269.5 696.75 m 339.5 696.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 339.5 696.75 m 343.5 696.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 696.75 m 413.5 696.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 696.75 m 417.5 696.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 696.75 m 487.5 696.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 696.75 m 491.5 696.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 696.75 m 561.5 696.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 675.75 m 265.5 675.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269.5 696.75 m 339.5 696.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269.5 675.75 m 339.5 675.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 696.75 m 413.5 696.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 675.75 m 413.5 675.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 696.75 m 487.5 696.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 675.75 m 487.5 675.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 696.75 m 561.5 696.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 675.75 m 561.5 675.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 675.75 m 265.5 675.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269.5 675.75 m 339.5 675.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 675.75 m 413.5 675.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 675.75 m 487.5 675.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 675.75 m 561.5 675.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269.5 620.75 m 339.5 620.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 620.75 m 413.5 620.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 620.75 m 487.5 620.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 620.75 m 561.5 620.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 620.75 m 413.5 620.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 620.75 m 487.5 620.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 620.75 m 561.5 620.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269.5 560.75 m 339.5 560.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 560.75 m 413.5 560.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 560.75 m 487.5 560.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 560.75 m 561.5 560.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 560.75 m 413.5 560.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 560.75 m 487.5 560.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 560.75 m 561.5 560.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269.5 530.75 m 339.5 530.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269.5 516.75 m 339.5 516.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269.5 514.75 m 339.5 514.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 530.75 m 413.5 530.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 516.75 m 413.5 516.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 514.75 m 413.5 514.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 530.75 m 487.5 530.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 516.75 m 487.5 516.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 514.75 m 487.5 514.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 530.75 m 561.5 530.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 516.75 m 561.5 516.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 514.75 m 561.5 514.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 375.45 700.98 Td (For the Quarter Ended) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 52.00 680.00 Td (\(in thousands, except per share data\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 280.75 687.98 Td (December 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 296.00 679.98 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 353.60 687.98 Td (September 30,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 370.00 679.98 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 428.75 679.98 Td (June 30, 2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 499.50 679.98 Td (March 31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 665.42 Td ( Revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.00 665.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.15 665.42 Td (13,202) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.00 665.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.15 665.42 Td (12,885) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.00 665.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 665.42 Td (14,895) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.00 665.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 665.42 Td (21,757) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 650.42 Td (Cost of revenues, exclusive of operating expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 640.42 Td (shown below) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.15 640.42 Td (7,224) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.15 640.42 Td (10,610) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 640.42 Td (14,003) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 640.42 Td (15,715) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 625.42 Td (Other operating expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.15 625.42 Td (13,113) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.15 625.42 Td (12,264) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 625.42 Td (18,670) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 625.42 Td (12,940) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 610.42 Td ( Operating loss) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.80 610.47 Td (\(7,135) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.65 610.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.80 610.47 Td (\(9,989) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.65 610.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.80 610.47 Td (\(17,778) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.65 610.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 610.47 Td (\(6,898) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 610.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 595.42 Td (Earnings \(loss\) from equity method investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.15 595.42 Td (3,788) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.30 595.47 Td (\(41) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.65 595.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 595.42 Td (4,860) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 595.42 Td (314) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 580.42 Td (Royalties, related party) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.15 580.42 Td (2,876) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.15 580.42 Td (3,273) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 580.42 Td (2,299) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 580.42 Td (2,194) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 565.42 Td (Other income \(expenses\), net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.80 565.47 Td (\(2,568) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.65 565.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.80 565.47 Td (\(1,853) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.65 565.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.80 565.47 Td (\(1,765) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.65 565.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 565.47 Td (\(1,698) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 565.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 550.42 Td (Income \(loss\) before income tax expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.80 550.47 Td (\(3,039) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.65 550.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.80 550.47 Td (\(8,610) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.65 550.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.80 550.47 Td (\(12,384) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.65 550.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 550.47 Td (\(6,088) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 550.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 535.42 Td ( Income tax expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.30 535.47 Td (\(131) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.65 535.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.65 535.42 Td (44) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.65 535.42 Td (63) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 535.42 Td (44) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 520.42 Td ( Net income \(loss\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.00 520.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.80 520.47 Td (\(2,908) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.65 520.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.00 520.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.80 520.47 Td (\(8,654) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.65 520.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.00 520.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.80 520.47 Td (\(12,447) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.65 520.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.00 520.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 520.47 Td (\(6,132) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 520.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 505.42 Td (Earnings \(loss\) per common share basic) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.00 505.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.80 505.47 Td (\(0.13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.65 505.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.00 505.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.80 505.47 Td (\(0.40) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.65 505.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.00 505.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.80 505.47 Td (\(0.57) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.65 505.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.00 505.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.80 505.47 Td (\(0.28) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 505.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 490.42 Td (Earnings \(loss\) per common share diluted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.00 490.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.80 490.47 Td (\(0.13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.65 490.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.00 490.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.80 490.47 Td (\(0.40) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.65 490.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.00 490.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.80 490.47 Td (\(0.57) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.65 490.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.00 490.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.80 490.47 Td (\(0.28) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 490.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 475.42 Td (Weighted-average number of common shares) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 465.42 Td (outstanding \(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 450.42 Td (Basic) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.15 450.42 Td (21,676) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.15 450.42 Td (21,687) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 450.42 Td (21,715) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 450.42 Td (21,696) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 435.42 Td (Diluted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.15 435.42 Td (21,676) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.15 435.42 Td (21,687) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 435.42 Td (21,715) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 435.42 Td (21,696) Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 381.75 216.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 265.50 381.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 269.50 381.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 381.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 381.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 381.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 381.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 381.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 381.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 341.75 216.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 265.50 341.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 269.50 341.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 341.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 341.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 341.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 341.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 341.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 341.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 311.75 216.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 265.50 311.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 269.50 311.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 311.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 311.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 311.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 311.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 311.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 311.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 281.75 216.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 265.50 281.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 269.50 281.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 281.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 281.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 281.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 281.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 281.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 281.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 251.75 216.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 265.50 251.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 269.50 251.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 251.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 251.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 251.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 251.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 251.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 251.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 221.75 216.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 265.50 221.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 269.50 221.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 221.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 221.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 221.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 221.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 221.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 221.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 191.75 216.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 265.50 191.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 269.50 191.75 70.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 191.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 191.75 70.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 191.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 191.75 70.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 191.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 191.75 70.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 151.75 216.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 265.50 151.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 269.50 151.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 151.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 151.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 151.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 151.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 151.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 151.75 70.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269.5 402.75 m 339.5 402.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 339.5 402.75 m 343.5 402.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 402.75 m 413.5 402.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 402.75 m 417.5 402.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 402.75 m 487.5 402.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 402.75 m 491.5 402.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 402.75 m 561.5 402.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 381.75 m 265.5 381.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269.5 402.75 m 339.5 402.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269.5 381.75 m 339.5 381.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 402.75 m 413.5 402.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 381.75 m 413.5 381.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 402.75 m 487.5 402.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 381.75 m 487.5 381.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 402.75 m 561.5 402.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 381.75 m 561.5 381.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 381.75 m 265.5 381.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269.5 381.75 m 339.5 381.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 381.75 m 413.5 381.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 381.75 m 487.5 381.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 381.75 m 561.5 381.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269.5 326.75 m 339.5 326.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 326.75 m 413.5 326.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 326.75 m 487.5 326.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 326.75 m 561.5 326.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 326.75 m 413.5 326.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 326.75 m 487.5 326.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 326.75 m 561.5 326.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269.5 266.75 m 339.5 266.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 266.75 m 413.5 266.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 266.75 m 487.5 266.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 266.75 m 561.5 266.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 266.75 m 413.5 266.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 266.75 m 487.5 266.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 266.75 m 561.5 266.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269.5 236.75 m 339.5 236.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269.5 222.75 m 339.5 222.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269.5 220.75 m 339.5 220.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 236.75 m 413.5 236.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 222.75 m 413.5 222.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 220.75 m 413.5 220.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 236.75 m 487.5 236.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 222.75 m 487.5 222.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 220.75 m 487.5 220.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 236.75 m 561.5 236.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 222.75 m 561.5 222.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 220.75 m 561.5 220.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 375.45 406.98 Td (For the Quarter Ended) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 52.00 386.00 Td (\(in thousands, except per share data\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 280.75 393.98 Td (December 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 296.00 385.98 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 353.60 393.98 Td (September 30,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 370.00 385.98 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 428.75 385.98 Td (June 30, 2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 499.50 385.98 Td (March 31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 371.42 Td ( Revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.00 371.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.15 371.42 Td (3,693) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.00 371.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.15 371.42 Td (9,072) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.00 371.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 371.42 Td (3,175) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.00 371.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 371.42 Td (983) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 356.42 Td (Cost of revenues, exclusive of operating expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 346.42 Td (shown below) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.15 346.42 Td (2,903) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.15 346.42 Td (6,512) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 346.42 Td (1,754) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 346.42 Td (451) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 331.42 Td (Other operating expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.15 331.42 Td (16,335) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.15 331.42 Td (12,839) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 331.42 Td (9,841) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 331.42 Td (8,102) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 316.42 Td ( Operating income \(Loss\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.80 316.47 Td (\(15,545) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.65 316.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.80 316.47 Td (\(10,279) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.65 316.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.80 316.47 Td (\(8,420) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.65 316.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 316.47 Td (\(7,570) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 316.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 301.42 Td (Earnings from equity method investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.15 301.42 Td (20,693) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.15 301.42 Td (5,603) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 301.42 Td (9,791) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 301.42 Td (6,625) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 286.42 Td (Royalties, related party) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.15 286.42 Td (2,154) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.15 286.42 Td (2,275) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.65 286.42 Td (849) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 286.42 Td (1,132) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 271.42 Td (Other income \(expenses\), net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.80 271.47 Td (\(2,484) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.65 271.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.80 271.47 Td (\(1,185) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.65 271.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.80 271.47 Td (\(1,199) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.65 271.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.30 271.47 Td (\(757) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 271.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 256.42 Td (Income \(loss\) before income tax expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.15 256.42 Td (4,818) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.80 256.47 Td (\(3,586) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.65 256.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 256.42 Td (1,021) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.30 256.47 Td (\(570) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 256.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 241.42 Td ( Income tax expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.65 241.42 Td (141) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.65 241.42 Td (113) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.65 241.42 Td (29) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 241.42 Td (13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 226.42 Td ( Net income \(loss\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.00 226.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.15 226.42 Td (4,677) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.00 226.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.80 226.47 Td (\(3,699) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.65 226.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.00 226.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.65 226.42 Td (992) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.00 226.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.30 226.47 Td (\(583) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 226.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 211.42 Td (Earnings \(loss\) per common share basic) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.00 211.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.15 211.42 Td (0.21) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.00 211.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.80 211.47 Td (\(0.17) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.65 211.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.00 211.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.15 211.42 Td (0.05) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.00 211.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.80 211.47 Td (\(0.03) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 211.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 196.42 Td (Earnings \(loss\) per common share diluted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.00 196.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.15 196.42 Td (0.21) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.00 196.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.80 196.47 Td (\(0.17) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.65 196.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.00 196.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.15 196.42 Td (0.05) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.00 196.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.80 196.47 Td (\(0.03) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 196.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 181.42 Td (Weighted-average number of common shares) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 171.42 Td (outstanding \(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 156.42 Td (Basic) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.15 156.42 Td (21,563) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.15 156.42 Td (21,536) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 156.42 Td (21,477) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 156.42 Td (21,465) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 141.42 Td (Diluted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.15 141.42 Td (21,947) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.15 141.42 Td (21,536) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 141.42 Td (22,035) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 141.42 Td (21,465) Tj ET Q BT /F1 10.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 126.45 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 62.58 126.45 Td (The number of shares and per share amounts have been retroactively restated to reflect the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 390.19 126.45 Td (two) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 403.69 126.45 Td (-for) Tj ET Q q 0 0 0 rg BT 417.00 126.45 Td (-one stock split of the Company) Tj ET Q q 0 0 0 rg BT 534.73 126.45 Td (s ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 115.65 Td (common stock, which was ef) Tj ET Q q 0 0 0 rg BT 154.56 115.65 Td (fected in the form of a common stock dividend distributed on March14, 2014.) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 49.5 90.08505859374998 m 81.990234375 90.08505859374998 l s q 0 0 0 rg BT 49.50 91.65 Td (Note 20) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 81.990234375 90.08505859374998 m 155.8671875 90.08505859374998 l s q 0 0 0 rg BT 81.99 91.65 Td ( - Reorganization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 73.65 Td (At ) Tj ET Q q 0 0 0 rg BT 61.45 73.65 Td (ADA) Tj ET Q q 0 0 0 rg BT 82.00 73.65 Td () Tj ET Q q 0 0 0 rg BT 84.78 73.65 Td (s 2013 ) Tj ET Q q 0 0 0 rg BT 113.12 73.65 Td (Annual Meeting of Shareholders, its shareholders approved a proposal to reor) Tj ET Q q 0 0 0 rg BT 423.69 73.65 Td (ganize the Company) Tj ET Q q 0 0 0 rg BT 505.24 73.65 Td (. Ef) Tj ET Q q 0 0 0 rg BT 519.50 73.65 Td (fective ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 61.65 Td (July1, 2013, ) Tj ET Q q 0 0 0 rg BT 103.12 61.65 Td (ADES replaced ) Tj ET Q q 0 0 0 rg BT 167.54 61.65 Td (ADA) Tj ET Q q 0 0 0 rg BT 188.66 61.65 Td ( as the publicly-held corporation. ) Tj ET Q endstream endobj 245 0 obj <> endobj 246 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.65 31.60 Td (1) Tj ET Q q 0 0 0 rg BT 303.28 31.60 Td (19) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 742.10 Td (As a result of the Reor) Tj ET Q q 0 0 0 rg BT 139.57 742.10 Td (ganization: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.10 725.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.10 725.10 Td (Each outstanding share of ) Tj ET Q q 0 0 0 rg BT 190.63 725.10 Td (ADA) Tj ET Q q 0 0 0 rg BT 211.18 725.10 Td () Tj ET Q q 0 0 0 rg BT 213.96 725.10 Td (s common stock automatically converted into one share of common stock of ) Tj ET Q q 0 0 0 rg BT 521.11 725.10 Td (ADES ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.10 713.10 Td (and the shareholders of ) Tj ET Q q 0 0 0 rg BT 180.07 713.10 Td (ADA) Tj ET Q q 0 0 0 rg BT 201.18 713.10 Td ( became stockholders of ) Tj ET Q q 0 0 0 rg BT 300.04 713.10 Td (ADES on a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.09 713.10 Td (one) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.53 713.10 Td (-for) Tj ET Q q 0 0 0 rg BT 377.32 713.10 Td (-one basis, holding the same number of shares ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.10 701.10 Td (in and the same ownership percentage of ) Tj ET Q q 0 0 0 rg BT 250.32 701.10 Td (ADES after the reor) Tj ET Q q 0 0 0 rg BT 330.38 701.10 Td (ganization as they held in and of ) Tj ET Q q 0 0 0 rg BT 462.29 701.10 Td (ADA) Tj ET Q q 0 0 0 rg BT 483.41 701.10 Td ( prior to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.10 689.10 Td (reor) Tj ET Q q 0 0 0 rg BT 101.02 689.10 Td (ganization. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.10 672.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.10 672.10 Td (ADES) Tj ET Q q 0 0 0 rg BT 113.99 672.10 Td (s Second ) Tj ET Q q 0 0 0 rg BT 151.77 672.10 Td (Amended and Restated Certificate of Incorporation authorizes the issuance of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.99 672.10 Td (100,000,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.99 672.10 Td ( shares of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.10 660.10 Td (common stock, par value per share of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.82 660.10 Td ($0.001) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.32 660.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.76 660.10 Td (50,000,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.76 660.10 Td ( shares of preferred stock, par value per share of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.95 660.10 Td ($0.001) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.45 660.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.10 648.10 Td (The additional authorized shares of common stock enable the Company to issue additional common stock to raise ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.10 636.10 Td (capital expeditiously and economically for its ongoing operational needs and could be used for other purposes when ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.10 624.10 Td (the Board of Directors and management believe that such issuance is appropriate. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.10 607.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.10 607.10 Td (ADA) Tj ET Q q 0 0 0 rg BT 106.21 607.10 Td ( became a wholly-owned subsidiary of ) Tj ET Q q 0 0 0 rg BT 262.84 607.10 Td (ADES. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.10 590.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.10 590.10 Td (All direct subsidiaries of ) Tj ET Q q 0 0 0 rg BT 185.64 590.10 Td (ADA) Tj ET Q q 0 0 0 rg BT 206.75 590.10 Td ( became indirect subsidiaries of ) Tj ET Q q 0 0 0 rg BT 335.32 590.10 Td (ADES. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.10 573.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.10 573.10 Td (Each outstanding option to acquire shares of ) Tj ET Q q 0 0 0 rg BT 264.78 573.10 Td (ADA) Tj ET Q q 0 0 0 rg BT 285.33 573.10 Td () Tj ET Q q 0 0 0 rg BT 288.11 573.10 Td (s common stock became an option to acquire an identical number of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.10 561.10 Td (shares of ) Tj ET Q q 0 0 0 rg BT 122.87 561.10 Td (ADES) Tj ET Q q 0 0 0 rg BT 151.76 561.10 Td (s common stock with substantially the same terms and conditions as before the reor) Tj ET Q q 0 0 0 rg BT 485.67 561.10 Td (ganization. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.10 544.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.10 544.10 Td (Each outstanding PSU, which prior to the reor) Tj ET Q q 0 0 0 rg BT 269.89 544.10 Td (ganization represented the right to receive shares of common stock of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.10 532.10 Td (ADA, became a PSU with the right to receive an identical number of shares of ) Tj ET Q q 0 0 0 rg BT 401.12 532.10 Td (ADES) Tj ET Q q 0 0 0 rg BT 430.01 532.10 Td (s common stock with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.10 520.10 Td (substantially the same terms and conditions as before the reor) Tj ET Q q 0 0 0 rg BT 331.24 520.10 Td (ganization. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.10 503.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.10 503.10 Td (The management and business operations of ) Tj ET Q q 0 0 0 rg BT 264.50 503.10 Td (ADA) Tj ET Q q 0 0 0 rg BT 285.61 503.10 Td ( did not change. Certain executive of) Tj ET Q q 0 0 0 rg BT 432.88 503.10 Td (ficers of ) Tj ET Q q 0 0 0 rg BT 467.86 503.10 Td (ADA) Tj ET Q q 0 0 0 rg BT 488.98 503.10 Td ( are also ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.10 491.10 Td (executive of) Tj ET Q q 0 0 0 rg BT 134.06 491.10 Td (ficers of ) Tj ET Q q 0 0 0 rg BT 169.05 491.10 Td (ADES. ) Tj ET Q q 0 0 0 rg BT 199.98 491.10 Td (W) Tj ET Q q 0 0 0 rg BT 208.62 491.10 Td (e believe this simplified top-level management structure best serves ) Tj ET Q q 0 0 0 rg BT 481.59 491.10 Td (ADES and allows ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.10 479.10 Td (for continued growth. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.10 462.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.10 462.10 Td (The publicly traded company became subject to Delaware law) Tj ET Q q 0 0 0 rg BT 333.79 462.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.10 445.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.10 445.10 Td (ADES) Tj ET Q q 0 0 0 rg BT 113.99 445.10 Td (s common stock became listed on the NASDAQ under ADES, ) Tj ET Q q 0 0 0 rg BT 374.78 445.10 Td (ADA) Tj ET Q q 0 0 0 rg BT 395.33 445.10 Td () Tj ET Q q 0 0 0 rg BT 398.11 445.10 Td (s previous symbol, and ) Tj ET Q q 0 0 0 rg BT 492.28 445.10 Td (ADA) Tj ET Q q 0 0 0 rg BT 512.83 445.10 Td () Tj ET Q q 0 0 0 rg BT 515.61 445.10 Td (s stock ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.10 433.10 Td (ceased trading on the NASDAQ. ) Tj ET Q q 0 0 0 rg BT 218.78 433.10 Td (The reor) Tj ET Q q 0 0 0 rg BT 252.74 433.10 Td (ganization into a holding company structure is treated as a mer) Tj ET Q q 0 0 0 rg BT 503.59 433.10 Td (ger of entities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.10 421.10 Td (under common control for accounting purposes. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.10 404.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.10 404.10 Td (The primary objectives of the Reor) Tj ET Q q 0 0 0 rg BT 225.15 404.10 Td (ganization into a Delaware holding company structure include: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.10 387.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.10 387.10 Td (to better align our corporate structure with our business operations; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.10 370.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.10 370.10 Td (to provide us with greater strategic, business and administrative flexibility) Tj ET Q q 0 0 0 rg BT 417.05 370.10 Td (, which may allow us to acquire or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.10 358.10 Td (form other businesses, if and when appropriate and feasible, that may be owned and operated by us, but which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.10 346.10 Td (could be separate from our current businesses; and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.10 329.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.10 329.10 Td (to take advantage of the benefits of Delaware corporate law) Tj ET Q q 0 0 0 rg BT 358.95 329.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 308.10 Td (There was no impact on net income \(loss\), comprehensive income or earnings per share as a result of the reor) Tj ET Q q 0 0 0 rg BT 486.94 308.10 Td (ganization.) Tj ET Q endstream endobj 247 0 obj <> endobj 248 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (120) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 50 740.68505859375 m 82.490234375 740.68505859375 l s q 0 0 0 rg BT 50.00 742.25 Td (Note 21) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 82.490234375 740.68505859375 m 332.87109375 740.68505859375 l s q 0 0 0 rg BT 82.49 742.25 Td ( - Unaudited Pr) Tj ET Q q 0 0 0 rg BT 148.70 742.25 Td (o-Forma Condensed Financial Information) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 725.25 Td (The unaudited pro forma condensed balance sheet and unaudited pro forma condensed statement of operations \(collectively) Tj ET Q q 0 0 0 rg BT 543.89 725.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 713.25 Td (unaudited pro forma condensed financial information\) of ) Tj ET Q q 0 0 0 rg BT 288.53 713.25 Td (Advanced Emissions Solutions, Inc. \(ADES or the Company\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 701.25 Td (give ef) Tj ET Q q 0 0 0 rg BT 77.30 701.25 Td (fect to the following transaction, the sale of RCM6, LLC \("RCM6"\) as if it occurred on January 1, 2015 for the pro ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 689.25 Td (forma condensed combined statement of operations, and as if it occurred on December 31, 2015 for the pro forma condensed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 677.25 Td (balance sheet:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 660.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 660.25 Td (the Company's disposition, through its wholly-owned subsidiary ) Tj ET Q q 0 0 0 rg BT 345.58 660.25 Td (ADA-RCM6, LLC, of its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.47 660.25 Td (24.95%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.30 660.25 Td ( membership ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 648.25 Td (interest in RCM6, which the Company accounted for using equity-method accounting, which closed on March 3, 2016 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 636.25 Td (\("RCM6 Disposition"\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 619.25 Td (The unaudited pro forma condensed financial information is based on the historical consolidated financial statements of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 607.25 Td (Company) Tj ET Q q 0 0 0 rg BT 88.24 607.25 Td (. ) Tj ET Q q 0 0 0 rg BT 93.06 607.25 Td (The pro forma condensed financial information is presented for illustrative purposes only) Tj ET Q q 0 0 0 rg BT 449.80 607.25 Td (, is based on certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 595.25 Td (assumptions that we believe are reasonable, and is not necessarily indicative of our financial position or the results of our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 583.25 Td (operations that would have occurred had the RCM6 Disposition been completed as of the dates indicated, nor is it necessarily ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 571.25 Td (indicative of our future operating results or financial position. In the opinion of management, all adjustments have been made ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 559.25 Td (that are necessary to fairly present the unaudited pro forma condensed financial information. ) Tj ET Q q 0 0 0 rg BT 422.08 559.25 Td (Assumptions and estimates ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 547.25 Td (underlying the pro forma adjustments are described in the accompanying notes, which should be read in conjunction with the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 535.25 Td (unaudited pro forma condensed consolidated financial information. ) Tj ET Q q 0 0 0 rg BT 321.40 535.25 Td (The information presented in the unaudited pro forma ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 523.25 Td (condensed balance sheet as of December 31, 2015 assumes the RCM6 Disposition was completed on that date. ) Tj ET Q q 0 0 0 rg BT 496.10 523.25 Td (The information ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 511.25 Td (presented in the unaudited pro forma condensed statements of operations for the year ended December 31, 2015 assumes that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 499.25 Td (the RCM6 Disposition was completed as of January 1, 2015. ) Tj ET Q q 0 0 0 rg BT 295.35 499.25 Td (The actual amounts recorded upon finalization of the accounting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 487.25 Td (for dates subsequent to December 31, 2015 for the balance sheet and January 1, 2015 for the statement of operations may dif) Tj ET Q q 0 0 0 rg BT 548.83 487.25 Td (fer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 475.25 Td (materially from the information presented in the accompanying unaudited pro forma condensed financial information.) Tj ET Q endstream endobj 249 0 obj <> endobj 250 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (121) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 193.60 742.25 Td (Advanced Emissions Solutions, Inc. and Subsidiaries) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 173.55 730.25 Td (Unaudited Pr) Tj ET Q q 0 0 0 rg BT 231.43 730.25 Td (o Forma Condensed Consolidated Balance Sheet) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 253.45 718.25 Td (As of December) Tj ET Q q 0 0 0 rg BT 321.02 718.25 Td ( 31, 2015) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 662.75 260.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 662.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 314.50 662.75 74.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 662.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.50 662.75 74.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 662.75 20.00 -15.00 re f /GS0 gs 0.8 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0.9333333333333333 1 rg /GS0 gs 486.50 272.75 74.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 242.75 260.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 242.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 314.50 242.75 74.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 242.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.50 242.75 74.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 242.75 20.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 242.75 74.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 212.75 260.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 212.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 314.50 212.75 74.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 212.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.50 212.75 74.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 212.75 20.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 212.75 74.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 182.75 260.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 182.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 314.50 182.75 74.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 182.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.50 182.75 74.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 182.75 20.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 182.75 74.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 152.75 260.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 152.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 314.50 152.75 74.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 152.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.50 152.75 74.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 152.75 20.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 152.75 74.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 122.75 260.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 122.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 314.50 122.75 74.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 122.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.50 122.75 74.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 122.75 20.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 122.75 74.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 92.75 260.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 92.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 314.50 92.75 74.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 92.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.50 92.75 74.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 92.75 20.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 92.75 74.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 662.75 m 466.5 662.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 662.75 m 560.5 662.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 662.75 m 310.5 662.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 662.75 m 388.5 662.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 662.75 m 466.5 662.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 662.75 m 560.5 662.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 542.75 m 388.5 542.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 542.75 m 388.5 542.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 527.75 m 388.5 527.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 542.75 m 466.5 542.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 527.75 m 466.5 527.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 542.75 m 560.5 542.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 527.75 m 560.5 527.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 527.75 m 388.5 527.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 437.75 m 388.5 437.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 437.75 m 466.5 437.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 423.75 m 388.5 423.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 421.75 m 388.5 421.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 423.75 m 466.5 423.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 421.75 m 466.5 421.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 437.75 m 560.5 437.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 423.75 m 560.5 423.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 421.75 m 560.5 421.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 287.75 m 388.5 287.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 287.75 m 466.5 287.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 272.75 m 388.5 272.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 287.75 m 466.5 287.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 272.75 m 466.5 272.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 287.75 m 560.5 287.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 272.75 m 560.5 272.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 272.75 m 388.5 272.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 212.75 m 388.5 212.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 212.75 m 466.5 212.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 197.75 m 388.5 197.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 197.75 m 466.5 197.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 212.75 m 560.5 212.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 197.75 m 560.5 197.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 107.75 m 388.5 107.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 92.75 m 388.5 92.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 107.75 m 466.5 107.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 92.75 m 466.5 92.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 107.75 m 560.5 107.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 92.75 m 560.5 92.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 78.75 m 388.5 78.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 76.75 m 388.5 76.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 78.75 m 466.5 78.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 76.75 m 466.5 76.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 92.75 m 560.5 92.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 78.75 m 560.5 78.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 76.75 m 560.5 76.75 l s BT /F4 8.00 Tf ET q 0 0 0 rg BT 53.00 667.00 Td (\(in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 322.40 666.98 Td (ADES Historical) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 410.30 690.98 Td (Pr) Tj ET Q q 0 0 0 rg BT 418.59 690.98 Td (o Forma ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 395.15 682.98 Td (adjustments r) Tj ET Q q 0 0 0 rg BT 442.34 682.98 Td (elated ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 413.10 674.98 Td (to RCM6 ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 409.85 666.98 Td (Disposition) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 492.60 666.98 Td (ADES Pr) Tj ET Q q 0 0 0 rg BT 524.23 666.98 Td (o Forma) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 652.43 Td (ASSETS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 637.42 Td (Current assets:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 622.42 Td (Cash and cash equivalents) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.00 622.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.15 622.42 Td (9,265) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.00 622.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.15 622.42 Td (1,773) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 469.00 622.00 Td (A) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.00 622.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.15 622.42 Td (11,038) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 607.42 Td (Receivables, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.15 607.42 Td (8,361) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.65 607.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.15 607.42 Td (8,361) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 592.42 Td (Receivables, related parties, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.15 592.42 Td (1,918) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.65 592.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.15 592.42 Td (1,918) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 577.42 Td (Restricted cash) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.65 577.42 Td (728) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.65 577.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.65 577.42 Td (728) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 562.42 Td (Costs in excess of billings on uncompleted contracts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.15 562.42 Td (2,137) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.65 562.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.15 562.42 Td (2,137) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 547.42 Td (Prepaid expenses and other assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.15 547.42 Td (2,306) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.65 547.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.15 547.42 Td (2,306) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 532.42 Td (Total current assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.15 532.42 Td (24,715) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.15 532.42 Td (1,773) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.15 532.42 Td (26,488) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 517.42 Td (Restricted cash, long-term) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.15 517.42 Td (10,980) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.65 517.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.15 517.42 Td (10,980) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 502.42 Td (Property and equipment, net of accumulated depreciation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.15 502.42 Td (2,040) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.65 502.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.15 502.42 Td (2,040) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 487.42 Td (Investment securities, restricted, long-term) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.65 487.42 Td (336) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.65 487.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.65 487.42 Td (336) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 472.42 Td (Cost method investment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.15 472.42 Td (2,776) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.65 472.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.15 472.42 Td (2,776) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 457.42 Td (Equity method investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.15 457.42 Td (17,232) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.80 457.47 Td (\(13,264) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 457.42 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 469.00 457.00 Td (B) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.15 457.42 Td (3,968) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 442.42 Td (Other assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.15 442.42 Td (2,696) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.65 442.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.15 442.42 Td (2,696) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 427.42 Td (Total Assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.00 427.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.15 427.42 Td (60,775) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.00 427.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.80 427.47 Td (\(11,491) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 427.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.00 427.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.15 427.42 Td (49,284) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 412.43 Td (LIABILITIES ) Tj ET Q q 0 0 0 rg BT 116.65 412.43 Td (AND ST) Tj ET Q q 0 0 0 rg BT 152.86 412.43 Td (OCKHOLDERS) Tj ET Q q 0 0 0 rg BT 227.13 412.43 Td ( DEFICIT) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 397.42 Td (Current liabilities:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 382.42 Td (Accounts payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.00 382.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.15 382.42 Td (6,174) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.00 382.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.65 382.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.15 382.42 Td (6,174) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 367.42 Td (Accrued payroll and related liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.15 367.42 Td (5,800) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.65 367.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.15 367.42 Td (5,800) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 352.42 Td (Current portion of notes payable, related parties) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.15 352.42 Td (1,837) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.80 352.47 Td (\(1,207) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 352.42 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 469.00 352.00 Td (B) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.65 352.42 Td (630) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 337.42 Td (Short-term borrowings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.15 337.42 Td (12,676) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.65 337.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.15 337.42 Td (12,676) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 322.42 Td (Billings in excess of costs on uncompleted contracts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.15 322.42 Td (9,708) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.65 322.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.15 322.42 Td (9,708) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 307.42 Td (Settlement and royalty indemnity obligation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.15 307.42 Td (6,502) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.65 307.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.15 307.42 Td (6,502) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 292.42 Td (Other current liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.15 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602.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 587.75 m 388.5 587.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 602.75 m 466.5 602.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 587.75 m 466.5 587.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 602.75 m 560.5 602.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 587.75 m 560.5 587.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 392.75 m 388.5 392.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 407.75 m 466.5 407.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 392.75 m 466.5 392.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 407.75 m 560.5 407.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 392.75 m 560.5 392.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 392.75 m 388.5 392.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 377.75 m 388.5 377.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 377.75 m 466.5 377.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 392.75 m 560.5 392.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 377.75 m 560.5 377.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 287.75 m 388.5 287.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 287.75 m 466.5 287.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 287.75 m 560.5 287.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 272.75 m 388.5 272.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 272.75 m 466.5 272.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 287.75 m 560.5 287.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 272.75 m 560.5 272.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 272.75 m 560.5 272.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 242.75 m 388.5 242.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 242.75 m 466.5 242.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 242.75 m 560.5 242.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 228.75 m 388.5 228.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 226.75 m 388.5 226.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 242.75 m 466.5 242.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 228.75 m 466.5 228.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 226.75 m 466.5 226.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 242.75 m 560.5 242.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 228.75 m 560.5 228.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 226.75 m 560.5 226.75 l s BT /F4 8.00 Tf ET q 0 0 0 rg BT 53.00 667.00 Td (\(in thousands, except per shar) Tj ET Q q 0 0 0 rg BT 149.36 667.00 Td (e data\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 322.40 666.98 Td (ADES Historical) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 410.30 690.98 Td (Pr) Tj ET Q q 0 0 0 rg BT 418.59 690.98 Td (o Forma ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 395.15 682.98 Td (adjustments r) Tj ET Q q 0 0 0 rg BT 442.34 682.98 Td (elated ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 413.10 674.98 Td (to RCM6 ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 409.85 666.98 Td (Disposition) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 492.60 666.98 Td (ADES Pr) Tj ET Q q 0 0 0 rg BT 524.23 666.98 Td (o Forma) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 652.42 Td (Revenues:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 637.42 Td (Equipment sales) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.00 637.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.15 637.42 Td (60,099) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.00 637.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.65 637.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.00 637.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.15 637.42 Td (60,099) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 622.42 Td (Consulting services) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.15 622.42 Td (1,752) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.65 622.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.15 622.42 Td (1,752) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 607.42 Td (Chemicals and other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.65 607.42 Td (888) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.65 607.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.65 607.42 Td (888) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 592.42 Td (Total revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.15 592.42 Td (62,739) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.65 592.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.15 592.42 Td (62,739) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 577.42 Td (Operating expenses:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 562.42 Td (Equipment sales cost of revenue, exclusive of depreciation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 552.42 Td (and amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.15 552.42 Td (45,433) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.65 552.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.15 552.42 Td (45,433) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 537.42 Td (Consulting services cost of revenue, exclusive of depreciation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 527.42 Td (and amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.15 527.42 Td (1,518) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.65 527.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.15 527.42 Td (1,518) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 512.42 Td (Chemical and other cost of revenue, exclusive of depreciation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 502.42 Td (and amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.65 502.42 Td (601) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.65 502.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.65 502.42 Td (601) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 487.42 Td (Payroll and benefits) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.15 487.42 Td (23,589) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.65 487.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.15 487.42 Td (23,589) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 472.42 Td (Rent and occupancy) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.15 472.42 Td (3,309) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.65 472.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.15 472.42 Td (3,309) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 457.42 Td (Legal and professional fees) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.15 457.42 Td (16,604) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.65 457.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.15 457.42 Td (16,604) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 442.42 Td (General and administrative) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.15 442.42 Td (6,104) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.65 442.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.15 442.42 Td (6,104) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 427.42 Td (Research and development, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.15 427.42 Td (5,362) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.65 427.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.15 427.42 Td (5,362) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 412.42 Td (Depreciation and amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.15 412.42 Td (2,019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.65 412.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.15 412.42 Td (2,019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 397.42 Td (Total operating expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.15 397.42 Td (104,539) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.65 397.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.15 397.42 Td (104,539) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 382.42 Td (Operating loss) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.80 382.47 Td (\(41,800) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.65 382.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.65 382.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.80 382.47 Td (\(41,800) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 556.65 382.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 367.42 Td (Other income \(expenses\):) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 352.42 Td (Earnings from equity method investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.15 352.42 Td (8,921) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.15 352.42 Td (4,568) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 473.10 352.00 Td (D) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.15 352.42 Td (13,489) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 337.42 Td (Royalties, related party) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.15 337.42 Td (10,642) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.65 337.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.15 337.42 Td (10,642) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 322.42 Td (Interest income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.65 322.42 Td (24) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.65 322.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.65 322.42 Td (24) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 307.42 Td (Interest expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.80 307.47 Td (\(8,402) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.65 307.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.15 307.42 Td (2,468) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 473.55 307.00 Td (E) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.80 307.47 Td (\(5,934) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 556.65 307.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 292.42 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.65 292.42 Td (494) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.65 292.42 Td (524) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 473.75 292.00 Td (F) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.15 292.42 Td (1,018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 277.42 Td (Total other income \(expense\), net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.15 277.42 Td (11,679) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.15 277.42 Td (7,560) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.15 277.42 Td (19,239) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 262.42 Td (Income \(loss\) before income tax expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.80 262.47 Td (\(30,121) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.65 262.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.15 262.42 Td (7,560) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.80 262.47 Td (\(22,561) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 556.65 262.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 247.42 Td (Income tax expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.65 247.42 Td (20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.65 247.42 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 473.10 247.00 Td (G) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.65 247.42 Td (20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 232.42 Td (Net income \(loss\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.00 232.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.80 232.47 Td (\(30,141) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.65 232.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.00 232.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.15 232.42 Td (7,560) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.00 232.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.80 232.47 Td (\(22,581) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 556.65 232.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 217.42 Td (Earnings \(loss\) per common share:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 202.42 Td (Basic) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.00 202.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.80 202.47 Td (\(1.37) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.65 202.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.00 202.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.80 202.47 Td (\(1.04) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 556.65 202.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 187.42 Td (Diluted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.00 187.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.80 187.47 Td (\(1.37) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.65 187.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.00 187.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.80 187.47 Td (\(1.04) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 556.65 187.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 172.42 Td (Weighted-average number of common shares outstanding:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 157.42 Td (Basic) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.15 157.42 Td (21,773) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.15 157.42 Td (21,773) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 142.42 Td (Diluted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.15 142.42 Td (21,773) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.15 142.42 Td (21,773) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 50 110.68505859375 m 224.3212890625 110.68505859375 l s q 0 0 0 rg BT 50.00 112.25 Td (Pr) Tj ET Q q 0 0 0 rg BT 60.37 112.25 Td (o Forma Note 1 - Basis of Pr) Tj ET Q q 0 0 0 rg BT 180.99 112.25 Td (esentation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 100.25 Td (The unaudited pro forma condensed financial information presented is derived from the Company) Tj ET Q q 0 0 0 rg BT 444.69 100.25 Td ( s audited financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 88.25 Td (statements as of and for the fiscal year ended December 31, 2015 included in this Form 10-K. ) Tj ET Q q 0 0 0 rg BT 427.21 88.25 Td (The unaudited pro forma ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 76.25 Td (condensed financial information has been prepared to reflect the pro forma impact of the RCM6 Disposition on those financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 64.25 Td (statements at or as of the dates indicated, and is presented for illustrative purposes only and is not necessarily indicative of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 52.25 Td (Company) Tj ET Q q 0 0 0 rg BT 91.67 52.25 Td (s financial position or results of operations that would have occurred had the RCM6 Disposition been completed at ) Tj ET Q endstream endobj 253 0 obj <> endobj 254 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (123) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (or as of the dates indicated, nor is it necessarily indicative of our future operating results or financial position. ) Tj ET Q q 0 0 0 rg BT 491.08 742.10 Td (The information ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (presented in the unaudited pro forma condensed balance sheet as of December 31, 2015 assumes the RCM6 Disposition was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (completed on that date. ) Tj ET Q q 0 0 0 rg BT 145.62 718.10 Td (The information presented in the unaudited pro forma condensed statements of operations for the year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (ended December 31, 2015 assumes that the RCM6 Disposition was completed as of January 1, 2015. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 689.10 Td (Pro forma adjustments reflected in the unaudited pro forma condensed balance sheet are based on items that are directly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 677.10 Td (attributable to the RCM6 Disposition and factually supportable. Pro forma adjustments reflected in the unaudited pro forma ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 665.10 Td (condensed statement of operations are based on items directly attributable to the RCM6 Disposition, factually supportable and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 653.10 Td (expected to have a continuing impact on ) Tj ET Q q 0 0 0 rg BT 213.56 653.10 Td (ADES.) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 50 625.53505859375 m 347.9345703125 625.53505859375 l s q 0 0 0 rg BT 50.00 627.10 Td (Pr) Tj ET Q q 0 0 0 rg BT 60.37 627.10 Td (o Forma Note 2 - Unaudited Pr) Tj ET Q q 0 0 0 rg BT 192.94 627.10 Td (o Forma Balance Sheet ) Tj ET Q q 0 0 0 rg BT 293.49 627.10 Td (Adjustments) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (Pr) Tj ET Q q 0 0 0 rg BT 60.37 610.10 Td (o Forma Balance Sheet ) Tj ET Q q 0 0 0 rg BT 160.91 610.10 Td (Adjustments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 215.36 610.10 Td (:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 593.10 Td (A. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 593.10 Td (Represents the actual cash received by ) Tj ET Q q 0 0 0 rg BT 242.04 593.10 Td (ADES from the buyer upon closing of the RCM6 Disposition. In determining ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 581.10 Td (these pro-forma adjustments, the Company has assumed that the consideration received, had the transaction occurred ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 569.10 Td (on December 31, 2015, would have also been the actual cash received upon Disposition in the amount of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.60 569.10 Td ($1.773 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 557.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 114.89 557.10 Td (. ) Tj ET Q q 0 0 0 rg BT 119.71 557.10 Td (The actual amount of cash consideration that may have been received by the Company had the closing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 545.10 Td (occurred on December 31, 2015 would likely have been dif) Tj ET Q q 0 0 0 rg BT 323.51 545.10 Td (ferent. Matters potentially impacting the actual amount of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 533.10 Td (consideration received as of the RCM6 Disposition date include capital contributions to RCM6 and payments related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 521.10 Td (to the Company's note payable balance for the acquisition of RCM6, which occurred from January 1, 2016 through the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 509.10 Td (RCM6 Disposition date. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 492.10 Td (B. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 492.10 Td (Represents the removal of the carrying value of the Company) Tj ET Q q 0 0 0 rg BT 335.09 492.10 Td (s equity method investment in RCM6 and related assets ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 480.10 Td (and liabilities as a result of the RCM6 Disposition. ) Tj ET Q q 0 0 0 rg BT 291.36 480.10 Td (The Company) Tj ET Q q 0 0 0 rg BT 351.07 480.10 Td (s equity method investment in RCM6 is discussed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 468.10 Td (within ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 114.06 468.10 Td (Note 7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 468.10 Td (. ) Tj ET Q q 0 0 0 rg BT 145.81 468.10 Td (The liabilities removed include short-term and long-term portions of the Company's note payable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 456.10 Td (related to the acquisition of RCM6 membership interests, which are discussed within ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.43 456.10 Td (Note 7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.37 456.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.81 456.10 Td (Note 9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.75 456.10 Td (. ) Tj ET Q q 0 0 0 rg BT 506.57 456.10 Td (The note ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 444.10 Td (payable was assumed by the buyer as partial consideration for the sale.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 427.10 Td (C. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 427.10 Td (Represents the estimated gain on the sale of RCM6 membership interest that would have been recognized had the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 415.10 Td (RCM6 Disposition occurred as of December 31, 2015.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 398.10 Td (Pr) Tj ET Q q 0 0 0 rg BT 60.37 398.10 Td (o Forma Statement of Operations ) Tj ET Q q 0 0 0 rg BT 205.62 398.10 Td (Adjustments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 381.10 Td (D. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 381.10 Td (Represents the elimination of the losses from the Company's RCM6 equity method investment included within the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 369.10 Td (Company's Consolidated Statement of Operations for the year ended December 31, 2015. ) Tj ET Q q 0 0 0 rg BT 446.42 369.10 Td (The losses from the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 357.10 Td (Company's investment were discussed within ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.28 357.10 Td (Note 7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.22 357.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 340.10 Td (E. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 340.10 Td (Represents the elimination of the interest expense related to the note payable that was assumed by the buyer as partial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 328.10 Td (consideration for the sale. ) Tj ET Q q 0 0 0 rg BT 191.62 328.10 Td (This interest expense was included in total interest expense recognized by the Company for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 316.10 Td (the year ended December 31, 2015, as discussed within ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.10 316.10 Td (Note 1) Tj ET Q q 0 0 0 rg BT 336.67 316.10 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.67 316.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 299.10 Td (F) Tj ET Q q 0 0 0 rg BT 72.76 299.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 299.10 Td (Represents the estimated gain that the Company would have recognized had the RCM6 Disposition occurred on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 287.10 Td (January 1, 2015. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 270.10 Td (The following table presents the components of the pro forma loss calculation: ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 86.50 244.60 372.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 244.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 244.60 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 86.50 214.60 372.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 214.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 214.60 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 86.50 184.60 372.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 184.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 184.60 100.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 86.5 244.60000000000002 m 458.5 244.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 214.60000000000002 m 562.5 214.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 169.60000000000002 m 562.5 169.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 169.60000000000002 m 562.5 169.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 155.60000000000002 m 562.5 155.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 153.60000000000002 m 562.5 153.60000000000002 l s BT /F4 8.00 Tf ET q 0 0 0 rg BT 89.00 248.85 Td (\(in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 234.27 Td (Cash received upon RCM6 Disposition \(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.00 234.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 234.27 Td (1,773) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 219.27 Td (Note payable balance - as of January 1, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 219.27 Td (14,186) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 204.27 Td (Subtotal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 204.27 Td (15,959) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 174.27 Td (Estimated assets relinquished - as of January 1, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 174.27 Td (15,435) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 159.27 Td (Estimated pro forma gain for the year ended December 31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.00 159.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 159.27 Td (524) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 138.10 Td (\(1\) Represents the actual cash received by ) Tj ET Q q 0 0 0 rg BT 256.21 138.10 Td (ADES from the buyer upon closing of the RCM6 Disposition. In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 126.10 Td (determining these pro-forma adjustments, the Company has assumed that the consideration received, had the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 114.10 Td (transaction occurred on January 1, 2015, would have also been the cash received upon Disposition in the amount of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 102.10 Td ($1.773 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 144.89 102.10 Td (. ) Tj ET Q q 0 0 0 rg BT 149.71 102.10 Td (The actual amount of cash consideration that may have been received by the Company had the closing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 90.10 Td (occurred on January 1, 2015 would likely have been dif) Tj ET Q q 0 0 0 rg BT 308.53 90.10 Td (ferent. ) Tj ET Q q 0 0 0 rg BT 336.29 90.10 Td (As a result, the estimate of the pre-tax gain or loss as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 78.10 Td (that date would change in direct correlation to the actual change in cash received. Matters potentially impacting the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 66.10 Td (actual amount of consideration received as of the RCM6 assumed pro-forma disposition date of January 1, 2015 ) Tj ET Q endstream endobj 255 0 obj <> endobj 256 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (124) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 742.10 Td (include capital contributions to RCM6 and payments related to the Company's note payable balance for the acquisition ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 730.10 Td (of RCM6 which occurred from January 2, 2015 through the RCM6 Disposition date.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 713.10 Td (\(2\) Based on the purchase price accounting related to the Company's acquisition of RCM6, as described in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.35 713.10 Td (Note 7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.29 713.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 696.10 Td (G. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 696.10 Td (Although the Company earned, directly as a result of its investment in RCM6, tax credits of approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.19 696.10 Td ($5.5 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 684.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 114.89 684.10 Td ( during the year ended December 31, 2015 and tax benefits due to the RCM6 operating losses, the Company's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 672.10 Td (maintains a full valuation allowance against all of its deferred tax assets; therefore, there are no tax ef) Tj ET Q q 0 0 0 rg BT 491.76 672.10 Td (fect adjustments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 660.10 Td (to the pro forma consolidated statement of operations for the year ended December 31, 2015.) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 50 634.53505859375 m 82.490234375 634.53505859375 l s q 0 0 0 rg BT 50.00 636.10 Td (Note 22) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 82.490234375 634.53505859375 m 171.6796875 634.53505859375 l s q 0 0 0 rg BT 82.49 636.10 Td ( - Subsequent Events) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 615.10 Td (In March 2016, the Company entered into an agreement to settle all amounts outstanding under the DSI Business Owner note ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 603.10 Td (payable for a one-time payment of approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 250.76 603.10 Td ($0.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.65 603.10 Td (. ) Tj ET Q q 0 0 0 rg BT 304.47 603.10 Td (The Company will recognize a gain on the extinguishment of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 591.10 Td (debt of approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 140.81 591.10 Td ($0.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.70 591.10 Td ( during the first quarter of 2016. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 570.10 Td (Also in March 2016, the Company entered into an agreement to terminate various lease agreements covering approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 558.10 Td (207 thousand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.61 558.10 Td ( square feet of manufacturing, warehouse and of) Tj ET Q q 0 0 0 rg BT 296.68 558.10 Td (fice space located in Pennsylvania. ) Tj ET Q q 0 0 0 rg BT 438.30 558.10 Td (As consideration for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 546.10 Td (terminating the leases, the Company agreed to pay the lessor termination fees of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.23 546.10 Td ($250 thousand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.84 546.10 Td ( in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.07 546.10 Td (April 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.68 546.10 Td ( and the same ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 534.10 Td (amount in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 92.22 534.10 Td (April 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.83 534.10 Td (. ) Tj ET Q q 0 0 0 rg BT 142.78 534.10 Td (As a result, future minimum commitments under leases and annual rent expense will be reduced by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 522.10 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.26 522.10 Td ($0.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 159.15 522.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 178.59 522.10 Td ($0.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.48 522.10 Td ( for the years ended December 31, 2016 and 2017, respectively) Tj ET Q q 0 0 0 rg BT 479.52 522.10 Td (. ) Tj ET Q q 0 0 0 rg BT 484.34 522.10 Td (The Company will ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 510.10 Td (also record a gain related to the dif) Tj ET Q q 0 0 0 rg BT 188.93 510.10 Td (ference between the amount accrued as of the cease use date of December 31, 2015 and the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 498.10 Td (settlement amount during the first quarter of 2016.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 477.10 Td (On March 3, 2016, the Company sold its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 215.54 477.10 Td (24.95%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.37 477.10 Td ( membership interest in RCM6 for a cash payment of approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.14 477.10 Td ($1.8 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 465.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 465.10 Td ( and assumption of the outstanding note payable made by the Company in connection with its purchase of RCM6 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 453.10 Td (membership interests from CCS in February 2014. ) Tj ET Q q 0 0 0 rg BT 254.42 453.10 Td (As a result of the sale, the Company is no longer a member of RCM6 and is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 441.10 Td (no longer subject to any quarterly capital calls and variable payments to RCM6. However) Tj ET Q q 0 0 0 rg BT 408.38 441.10 Td (, the Company will still be positively ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 429.10 Td (impacted by the RCM6 RC facility in that it will receive its pro-rata share of income and cash distributions through its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 417.10 Td (ownership in CCS. ) Tj ET Q q 0 0 0 rg BT 128.16 417.10 Td (The income and cash distribution will be generated from the RCM6 RC facility lease payments made to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 405.10 Td (CCS. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 384.10 Td (On February 8, 2016, the Company entered into the first amendment to the Credit ) Tj ET Q q 0 0 0 rg BT 378.82 384.10 Td (Agreement \("First ) Tj ET Q q 0 0 0 rg BT 453.44 384.10 Td (Amendment"\) that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 372.10 Td (extended the SEC filings date to March 30, 2016. On March 30, 2016, the Company entered into the second amendment to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 360.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 76.94 360.10 Td (Agreement \("Second ) Tj ET Q q 0 0 0 rg BT 162.67 360.10 Td (Amendment"\). ) Tj ET Q q 0 0 0 rg BT 224.33 360.10 Td (The Second ) Tj ET Q q 0 0 0 rg BT 273.76 360.10 Td (Amendment extended the maturity date to July 8, 2016, extended the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 348.10 Td (Company's filing date deadline related to its 2015 SEC filings to ) Tj ET Q q 0 0 0 rg BT 309.82 348.10 Td (April 20, 2016, increased the stated interest rate from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.59 348.10 Td (10.5%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 551.42 348.10 Td ( to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 336.10 Td (15.0%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.83 336.10 Td ( and increased the minimum cash balance requirement from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.68 336.10 Td ($3.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.57 336.10 Td ( to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.35 336.10 Td ($3.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.24 336.10 Td (. ) Tj ET Q q 0 0 0 rg BT 433.06 336.10 Td (The Company incurred ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 324.10 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.26 324.10 Td ($0.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 159.15 324.10 Td ( in fees related to the Second ) Tj ET Q q 0 0 0 rg BT 276.61 324.10 Td (Amendment. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 303.10 Td (In ) Tj ET Q q 0 0 0 rg BT 60.28 303.10 Td (April 2016, the Company initiated a workforce reduction plan af) Tj ET Q q 0 0 0 rg BT 318.35 303.10 Td (fecting approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.88 303.10 Td (30%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.21 303.10 Td ( of the Company) Tj ET Q q 0 0 0 rg BT 496.92 303.10 Td (s employees ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 291.10 Td (\("Restructuring"\). In connection with these actions, the Company currently expects to record aggregate char) Tj ET Q q 0 0 0 rg BT 482.00 291.10 Td (ges with respect to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 279.10 Td (severance payments, benefits continuation and vesting of certain equity awards that are estimated to be approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.56 279.10 Td ($0.6 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 267.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 267.10 Td ( - ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.22 267.10 Td ($0.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.11 267.10 Td ( and are expected to be recorded during the second and third quarters of 2016. Cash expenditures related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 255.10 Td (to the Restructuring are expected to be approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.64 255.10 Td ($0.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.54 255.10 Td ( - ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.87 255.10 Td ($0.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.76 255.10 Td (.) Tj ET Q endstream endobj 257 0 obj <> endobj 258 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (125) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Item9. Changes in and Disagr) Tj ET Q q 0 0 0 rg BT 179.28 742.25 Td (eements with ) Tj ET Q q 0 0 0 rg BT 237.05 742.25 Td (Accountants on ) Tj ET Q q 0 0 0 rg BT 305.39 742.25 Td (Accounting and Financial Disclosur) Tj ET Q q 0 0 0 rg BT 457.73 742.25 Td (e) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 725.25 Td (\(a\) Dismissal and r) Tj ET Q q 0 0 0 rg BT 127.13 725.25 Td (esignation of independent r) Tj ET Q q 0 0 0 rg BT 236.47 725.25 Td (egister) Tj ET Q q 0 0 0 rg BT 263.32 725.25 Td (ed public accounting firms) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 708.25 Td (As previously disclosed on Form 8-K, on March 19, 2013, the ) Tj ET Q q 0 0 0 rg BT 300.53 708.25 Td (Audit Committee engaged KPMG LLP) Tj ET Q q 0 0 0 rg BT 457.37 708.25 Td ( \("KPMG"\) as the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 696.25 Td (Company's new independent registered public accounting firm beginning with fiscal year 2013. On July 18, 2014, the ) Tj ET Q q 0 0 0 rg BT 522.81 696.25 Td (Audit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 684.25 Td (Committee approved the engagement of KPMG to re-audit the years ended December 31, 201) Tj ET Q q 0 0 0 rg BT 426.18 684.25 Td (1 and 2012.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 667.25 Td (As previously disclosed on Form 8-K, KPMG notified the Company on January 23, 2015 that it was resigning as the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 655.25 Td (Company's independent registered public accounting firm and identified the following material weaknesses: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 631.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 631.25 Td (inadequate management oversight and monitoring of the Company's internal controls over financial reporting;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 619.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 619.25 Td (inadequate accounting resources, as the Company does not have a suf) Tj ET Q q 0 0 0 rg BT 364.34 619.25 Td (ficient number of accounting personnel with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 607.25 Td (appropriate technical accounting or financial reporting experience; and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 595.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 595.25 Td (additional material weaknesses related to the Company's restatement adjustments not finalized at the time of KPMG's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 583.25 Td (resignation.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 566.25 Td (Additionally) Tj ET Q q 0 0 0 rg BT 99.90 566.25 Td (, KPMG expressed that it conveyed to management and the ) Tj ET Q q 0 0 0 rg BT 339.57 566.25 Td (Audit Committee on multiple occasions its concern ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 554.25 Td (that there was an inappropriate tone at the top, discontent with the Company) Tj ET Q q 0 0 0 rg BT 357.97 554.25 Td (s timeliness and responsiveness to its requests for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 542.25 Td (information and inability to determine whether management has made available all financial records and related data. ) Tj ET Q q 0 0 0 rg BT 522.13 542.25 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 530.25 Td (Audit Committee and management recall KPMG expressing concerns with the tone at the top and their ability to rely on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 518.25 Td (management's representations, only during the first half of 2014 and immediately prior to KPMG's resignation. During ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 506.25 Td (KPMG) Tj ET Q q 0 0 0 rg BT 81.67 506.25 Td (s engagement and subsequent to its resignation, the Company made significant changes in its key management and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 494.25 Td (accounting personnel, conducted a thorough evaluation of all accounting matters, and resolved all issues that were open at the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 482.25 Td (time of KPMG) Tj ET Q q 0 0 0 rg BT 112.78 482.25 Td (s resignation with the exception of the currently unremediated material weaknesses described in Item 9A.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 458.25 Td (\(b\) New independent r) Tj ET Q q 0 0 0 rg BT 139.33 458.25 Td (egister) Tj ET Q q 0 0 0 rg BT 166.18 458.25 Td (ed public accounting firm) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 434.25 Td (Ef) Tj ET Q q 0 0 0 rg BT 59.26 434.25 Td (fective as ofJune12, 2015, the ) Tj ET Q q 0 0 0 rg BT 185.62 434.25 Td (Audit Committee of the Company) Tj ET Q q 0 0 0 rg BT 325.04 434.25 Td (s Board of Directors approved the engagement of Hein & ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 422.25 Td (Associates LLP) Tj ET Q q 0 0 0 rg BT 112.68 422.25 Td ( \(Hein\) to serve as its new independent registered public accounting firm to audit the Company) Tj ET Q q 0 0 0 rg BT 504.50 422.25 Td (s financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 410.25 Td (statements for the fiscal years ended December 31, 2013, 2014 and 2015 and to re-audit the Company) Tj ET Q q 0 0 0 rg BT 460.43 410.25 Td (s financial statements for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 398.25 Td (the fiscal years ended December 31, 201) Tj ET Q q 0 0 0 rg BT 212.06 398.25 Td (1 and 2012. During the period fromMay1) Tj ET Q q 0 0 0 rg BT 382.49 398.25 Td (1, 2015throughJune5, 2015, Hein ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 386.25 Td (reviewed the Company) Tj ET Q q 0 0 0 rg BT 145.53 386.25 Td (s accounting records in order to determine if it should proceed with audit acceptance. During this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 374.25 Td (period, Hein was provided access to the Company) Tj ET Q q 0 0 0 rg BT 253.28 374.25 Td (s accounting records regarding matters identified in the Company's Current ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 362.25 Td (Report on Form 8-K filed on January 29, 2015.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 338.25 Td (During the fiscal years ended December 31, 2012, 2013, 2014, and 2015, neither the Company nor anyone acting on its behalf ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 326.25 Td (consulted with Hein regarding either:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 302.25 Td (\(i\) the application of accounting principles to any specified transaction, either completed or proposed, or the type of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 290.25 Td (audit opinion that might be entered on the Company) Tj ET Q q 0 0 0 rg BT 297.63 290.25 Td (s financial statements, nor did Hein provide written or oral advice ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 278.25 Td (to the Company that Hein concluded was an important factor considered by the Company in reaching a decision as to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 266.25 Td (the accounting, auditing, or financial reporting issue; or) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 242.25 Td (\(ii\) any matter that was either the subject of a disagreement \(as defined in Item 304\(a\)\(1\)\(iv\) of Regulation S-K and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 230.25 Td (the related instructions\) or a reportable event \(as defined in Item 304\(a\)\(1\)\(v\) of Regulation S-K\).) Tj ET Q endstream endobj 259 0 obj <> endobj 260 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (126) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Item9A. Contr) Tj ET Q q 0 0 0 rg BT 115.08 742.25 Td (ols and Pr) Tj ET Q q 0 0 0 rg BT 158.24 742.25 Td (ocedur) Tj ET Q q 0 0 0 rg BT 187.50 742.25 Td (es) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 716.25 Td (Evaluation of Disclosur) Tj ET Q q 0 0 0 rg BT 149.83 716.25 Td (e Contr) Tj ET Q q 0 0 0 rg BT 182.14 716.25 Td (ols and Pr) Tj ET Q q 0 0 0 rg BT 225.30 716.25 Td (ocedur) Tj ET Q q 0 0 0 rg BT 254.56 716.25 Td (es) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 699.25 Td (Management, under the supervision of the Chief Executive Of) Tj ET Q q 0 0 0 rg BT 298.91 699.25 Td (ficer and the Chief Financial Of) Tj ET Q q 0 0 0 rg BT 426.18 699.25 Td (ficer) Tj ET Q q 0 0 0 rg BT 444.10 699.25 Td (, has evaluated the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 687.25 Td (ef) Tj ET Q q 0 0 0 rg BT 57.59 687.25 Td (fectiveness of disclosure controls and procedures as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.07 687.25 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.66 687.25 Td (, which is the end of the period covered by this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 675.25 Td (Form 10-K. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 651.25 Td (Based on that evaluation, the Chief Executive Of) Tj ET Q q 0 0 0 rg BT 245.87 651.25 Td (ficer and Chief Financial Of) Tj ET Q q 0 0 0 rg BT 358.42 651.25 Td (ficer concluded that, as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.49 651.25 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.07 651.25 Td (, the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 639.25 Td (disclosure controls and procedures to ensure that information required to be disclosed by us, including our consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 627.25 Td (subsidiaries, in the reports we file or submit under the Securities Exchange ) Tj ET Q q 0 0 0 rg BT 351.31 627.25 Td (Act of 1934 as amended \(the "Exchange ) Tj ET Q q 0 0 0 rg BT 514.51 627.25 Td (Act"\), is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 615.25 Td (recorded, processed, summarized and reported, as applicable, within the time periods specified in the rules and forms of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 603.25 Td (Securities and Exchange Commission, and that information required to be disclosed by us in the reports that we file or submit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 591.25 Td (is accumulated and communicated to our management, including our Chief Executive Of) Tj ET Q q 0 0 0 rg BT 406.37 591.25 Td (ficer and Chief Financial Of) Tj ET Q q 0 0 0 rg BT 518.93 591.25 Td (ficer) Tj ET Q q 0 0 0 rg BT 536.84 591.25 Td (, to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 579.25 Td (allow timely decisions regarding required disclosure were not ef) Tj ET Q q 0 0 0 rg BT 306.96 579.25 Td (fective due to material weaknesses described below in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 567.25 Td (Management) Tj ET Q q 0 0 0 rg BT 104.98 567.25 Td (s Report on Internal Control over Financial Reporting.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 543.25 Td (Notwithstanding the inef) Tj ET Q q 0 0 0 rg BT 149.25 543.25 Td (fective disclosure controls and procedures, the material weaknesses discussed below) Tj ET Q q 0 0 0 rg BT 486.26 543.25 Td (, and the filings ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 531.25 Td (that will not be made or were not filed timely) Tj ET Q q 0 0 0 rg BT 230.69 531.25 Td (, management has concluded that the consolidated financial statements included in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 519.25 Td (this Form 10-K fairly present, in all material respects, the Company) Tj ET Q q 0 0 0 rg BT 323.82 519.25 Td (s financial position, results of operations and cash flows ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 507.25 Td (for the periods presented in conformity with accounting principles generally accepted in the United States. ) Tj ET Q q 0 0 0 rg BT 478.02 507.25 Td (This conclusion is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 495.25 Td (supported by the numerous steps that the Company has taken as more fully described below) Tj ET Q q 0 0 0 rg BT 417.05 495.25 Td (, to assure the accuracy and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 483.25 Td (reliability of the financial information included herein.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 457.25 Td (Management) Tj ET Q q 0 0 0 rg BT 109.06 457.25 Td (s Report on Internal Contr) Tj ET Q q 0 0 0 rg BT 223.87 457.25 Td (ol over) Tj ET Q q 0 0 0 rg BT 252.85 457.25 Td ( Financial Reporting) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 440.25 Td (Management is responsible for establishing and maintaining adequate internal control over financial reporting as defined in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 428.25 Td (Rules13a-15\(f\)and 15d-15\(f\)under the Exchange ) Tj ET Q q 0 0 0 rg BT 254.65 428.25 Td (Act. Internal control over financial reporting is designed to provide ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 416.25 Td (reasonable assurance regarding the reliability of financial reporting and the preparation of consolidated financial statements for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 404.25 Td (external purposes in accordance with generally accepted accounting principles. ) Tj ET Q q 0 0 0 rg BT 368.57 404.25 Td (The Company's internal control over financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 392.25 Td (reporting includes those policies and procedures that: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 375.25 Td (\(1\)pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 363.25 Td (of our assets; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.25 Td (\(2\)provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.25 Td (accordance with generally accepted accounting principles, and that receipts and expenditures of the Company are being made ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.25 Td (only in accordance with authorizations of our management and directors; and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 305.25 Td (\(3\)provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 293.25 Td (Company) Tj ET Q q 0 0 0 rg BT 91.67 293.25 Td (s assets that could have a material ef) Tj ET Q q 0 0 0 rg BT 237.26 293.25 Td (fect on our financial statements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 269.25 Td (Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. ) Tj ET Q q 0 0 0 rg BT 518.20 269.25 Td (Also, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 257.25 Td (projections of any evaluation of ef) Tj ET Q q 0 0 0 rg BT 187.27 257.25 Td (fectiveness to future periods are subject to the risk that controls may become inadequate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 245.25 Td (because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 228.25 Td (Management assessed the ef) Tj ET Q q 0 0 0 rg BT 163.39 228.25 Td (fectiveness of the Company) Tj ET Q q 0 0 0 rg BT 277.52 228.25 Td (s internal control over financial reporting as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.35 228.25 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.93 228.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 216.25 Td (utilizing the criteria set forth in the Internal Control-Integrated Framework issued by the Committee of Sponsoring ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 204.25 Td (Or) Tj ET Q q 0 0 0 rg BT 60.37 204.25 Td (ganizations of the ) Tj ET Q q 0 0 0 rg BT 133.78 204.25 Td (T) Tj ET Q q 0 0 0 rg BT 139.54 204.25 Td (readway Commission \("COSO"\) in 2013. Management has concluded that the control environment was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 192.25 Td (not ef) Tj ET Q q 0 0 0 rg BT 72.87 192.25 Td (fective due to the following material weaknesses as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.96 192.25 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.54 192.25 Td (. ) Tj ET Q q 0 0 0 rg BT 375.36 192.25 Td (The bullet points under each of the material ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 180.25 Td (weaknesses, in the aggregate, resulted in the identified material weakness but each, individually) Tj ET Q q 0 0 0 rg BT 432.83 180.25 Td (, would also have been ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 168.25 Td (suf) Tj ET Q q 0 0 0 rg BT 62.04 168.25 Td (ficient to result in the material weakness:) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 137.9169921875 m 407.91015625 137.9169921875 l s q 0 0 0 rg BT 50.00 139.25 Td (Ineffective contr) Tj ET Q q 0 0 0 rg BT 114.87 139.25 Td (ol envir) Tj ET Q q 0 0 0 rg BT 145.33 139.25 Td (onment and monitoring to support the financial r) Tj ET Q q 0 0 0 rg BT 341.34 139.25 Td (eporting pr) Tj ET Q q 0 0 0 rg BT 386.25 139.25 Td (ocess) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 117.25 Td (The Company's control environment did not suf) Tj ET Q q 0 0 0 rg BT 241.59 117.25 Td (ficiently promote ef) Tj ET Q q 0 0 0 rg BT 320.83 117.25 Td (fective internal control over financial reporting. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 105.25 Td (Specifically) Tj ET Q q 0 0 0 rg BT 97.11 105.25 Td (, the Company identified the following factors relating to the control environment: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 83.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.00 83.25 Td (W) Tj ET Q q 0 0 0 rg BT 96.64 83.25 Td (e had not fully implemented policies, procedures and related control activities designed to mitigate risks to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.00 71.25 Td (achievement of financial reporting objectives.) Tj ET Q endstream endobj 261 0 obj <> endobj 262 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (127) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 742.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.00 742.10 Td (W) Tj ET Q q 0 0 0 rg BT 96.64 742.10 Td (e had not fully implemented communication processes designed to allow all personnel and third parties to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.00 730.10 Td (understand and carry out their internal control responsibilities and our information systems did not contain and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.00 718.10 Td (generate information that was of suf) Tj ET Q q 0 0 0 rg BT 232.49 718.10 Td (ficient quality to support the ef) Tj ET Q q 0 0 0 rg BT 355.89 718.10 Td (fective operation of controls. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 706.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.00 706.10 Td (W) Tj ET Q q 0 0 0 rg BT 96.64 706.10 Td (e did not perform ongoing and separate evaluations of all of the controls, including those implemented in 2015. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 694.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.00 694.10 Td (W) Tj ET Q q 0 0 0 rg BT 96.64 694.10 Td (e did not maintain ef) Tj ET Q q 0 0 0 rg BT 179.21 694.10 Td (fective disclosure controls and procedures allowing the Company to prepare disclosures in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.00 682.10 Td (time frame prescribed for financial reporting by the SEC.) Tj ET Q BT /F4 11.00 Tf ET 0 0 0 RG /GS0 gs 0.54 w 0 i [] 0 d 1 J 1 j 3 M 50 655.43369140625 m 554.00732421875 655.43369140625 l s q 0 0 0 rg BT 50.00 656.90 Td (Ineffective internal contr) Tj ET Q q 0 0 0 rg BT 158.94 656.90 Td (ol monitoring activities to support the financial r) Tj ET Q q 0 0 0 rg BT 373.94 656.90 Td (eporting pr) Tj ET Q q 0 0 0 rg BT 423.34 656.90 Td (ocess and failur) Tj ET Q q 0 0 0 rg BT 493.21 656.90 Td (e to maintain ) Tj ET Q BT /F4 11.00 Tf ET 0 0 0 RG /GS0 gs 0.54 w 0 i [] 0 d 1 J 1 j 3 M 50 642.23369140625 m 226.76806640625 642.23369140625 l s q 0 0 0 rg BT 50.00 643.70 Td (adequate evidence of contr) Tj ET Q q 0 0 0 rg BT 168.41 643.70 Td (ol operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 631.70 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 619.70 Td (The Company's system of internal controls did not suf) Tj ET Q q 0 0 0 rg BT 266.59 619.70 Td (ficiently promote ef) Tj ET Q q 0 0 0 rg BT 345.83 619.70 Td (fective internal control over financial reporting. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 607.70 Td (Principal contributing factors included insuf) Tj ET Q q 0 0 0 rg BT 226.45 607.70 Td (ficient time to fully implement and document all of the control activities that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 595.70 Td (contribute to the mitigation of risks of a material fraud or errors in the financial statements. ) Tj ET Q q 0 0 0 rg BT 416.28 595.70 Td (As a result, we were not able to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 583.70 Td (ef) Tj ET Q q 0 0 0 rg BT 57.59 583.70 Td (fectively monitor or report on the ef) Tj ET Q q 0 0 0 rg BT 201.25 583.70 Td (fectiveness of the system of internal controls. ) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 558.3669921875 m 559.501953125 558.3669921875 l s q 0 0 0 rg BT 50.00 559.70 Td (Ineffective information technology \(IT\) general contr) Tj ET Q q 0 0 0 rg BT 262.07 559.70 Td (ols. Ineffective pr) Tj ET Q q 0 0 0 rg BT 331.40 559.70 Td (ocess to manage change or appr) Tj ET Q q 0 0 0 rg BT 461.28 559.70 Td (opriately r) Tj ET Q q 0 0 0 rg BT 503.41 559.70 Td (estrict access ) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 546.3669921875 m 359.5849609375 546.3669921875 l s q 0 0 0 rg BT 50.00 547.70 Td (to the information technology envir) Tj ET Q q 0 0 0 rg BT 191.27 547.70 Td (onment and critical financial applications) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 525.70 Td (The Company did not maintain ef) Tj ET Q q 0 0 0 rg BT 185.07 525.70 Td (fective information technology general controls which are required to support automated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 513.70 Td (controls and IT) Tj ET Q q 0 0 0 rg BT 110.91 513.70 Td ( functionality; therefore, automated controls and IT) Tj ET Q q 0 0 0 rg BT 315.94 513.70 Td ( functionality were deemed inef) Tj ET Q q 0 0 0 rg BT 442.92 513.70 Td (fective for the same period ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 501.70 Td (under audit. Specifically) Tj ET Q q 0 0 0 rg BT 147.37 501.70 Td (, the Company identified the following factors relating to the information technology general controls.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 479.70 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 479.70 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 479.70 Td (e had inappropriate logical access rights assigned to information technology and accounting personnel related to key ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 467.70 Td (financial applications and systems which created segregation of duties violations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 455.70 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 455.70 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 455.70 Td (e did not have suf) Tj ET Q q 0 0 0 rg BT 165.55 455.70 Td (ficient processes related to periodic reviews of logical access to key financial applications and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 443.70 Td (systems. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 431.70 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 431.70 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 431.70 Td (e had inef) Tj ET Q q 0 0 0 rg BT 133.88 431.70 Td (fective processes to identify and manage changes made to the key financial applications and systems.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 419.70 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 419.70 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 419.70 Td (e did not have adequate processes for provisioning or revoking access to key financial applications and systems.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 407.70 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 407.70 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 407.70 Td (e had inadequate oversight of third parties providing IT) Tj ET Q q 0 0 0 rg BT 316.06 407.70 Td ( support services. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 378.70 Td (Based on the results of its evaluation, the Company's management concluded that as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.33 378.70 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.91 378.70 Td (, the Company's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 366.70 Td (internal controls over financial reporting were not ef) Tj ET Q q 0 0 0 rg BT 259.46 366.70 Td (fective. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 349.70 Td (The Company's internal control over financial reporting as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.56 349.70 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.14 349.70 Td ( has been audited by Hein & ) Tj ET Q q 0 0 0 rg BT 491.95 349.70 Td (Associates LLP) Tj ET Q q 0 0 0 rg BT 553.89 349.70 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 337.70 Td (the Company's independent registered public accounting firm, as stated in their attestation report which is contained below) Tj ET Q q 0 0 0 rg BT 540.18 337.70 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 311.70 Td (Remediation Efforts Related to the Material ) Tj ET Q q 0 0 0 rg BT 240.88 311.70 Td (W) Tj ET Q q 0 0 0 rg BT 250.33 311.70 Td (eaknesses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 287.70 Td (As reported in Item 9A) Tj ET Q q 0 0 0 rg BT 142.20 287.70 Td ( of the Corporation) Tj ET Q q 0 0 0 rg BT 221.35 287.70 Td (s 2014 Form 10-K, material weaknesses existed in the Corporation) Tj ET Q q 0 0 0 rg BT 491.30 287.70 Td (s control ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 275.70 Td (structure as of December 31, 2014. ) Tj ET Q q 0 0 0 rg BT 192.18 275.70 Td (As of December 31, 2015 we had implemented the following remediation steps:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 239.70 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.00 239.70 Td (W) Tj ET Q q 0 0 0 rg BT 96.64 239.70 Td (e added key personnel including: 1\) new Chief Financial Of) Tj ET Q q 0 0 0 rg BT 336.11 239.70 Td (ficer in September 2014 who was promoted to our Chief ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.00 227.70 Td (Executive Of) Tj ET Q q 0 0 0 rg BT 140.85 227.70 Td (ficer in ) Tj ET Q q 0 0 0 rg BT 171.39 227.70 Td (April 2015; 2\) new Chief Financial Of) Tj ET Q q 0 0 0 rg BT 325.07 227.70 Td (ficer in June 2015; 3\) new ) Tj ET Q q 0 0 0 rg BT 432.08 227.70 Td (V) Tj ET Q q 0 0 0 rg BT 438.70 227.70 Td (ice President Risk, Process ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.00 215.70 Td (and Controls in June 2015; 4\) new Director of SEC Reporting and ) Tj ET Q q 0 0 0 rg BT 355.00 215.70 Td (T) Tj ET Q q 0 0 0 rg BT 360.41 215.70 Td (echnical ) Tj ET Q q 0 0 0 rg BT 395.67 215.70 Td (Accounting in January 2015; 5\) new ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.00 203.70 Td (V) Tj ET Q q 0 0 0 rg BT 94.62 203.70 Td (ice President Information ) Tj ET Q q 0 0 0 rg BT 198.58 203.70 Td (T) Tj ET Q q 0 0 0 rg BT 203.99 203.70 Td (echnology in November 2014; 6\) completely restructured our accounting and finance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.00 191.70 Td (departments, including the addition of employee and consultant resources with technical accounting, finance and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.00 179.70 Td (information technology experience.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 167.70 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.00 167.70 Td (W) Tj ET Q q 0 0 0 rg BT 96.64 167.70 Td (e requested our previous ) Tj ET Q q 0 0 0 rg BT 196.61 167.70 Td (Audit Committee Chairman to provide professional services to the Company) Tj ET Q q 0 0 0 rg BT 503.40 167.70 Td (, including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.00 155.70 Td (leading the Restatement process until a new Chief Financial Of) Tj ET Q q 0 0 0 rg BT 340.80 155.70 Td (ficer could be appointed. ) Tj ET Q q 0 0 0 rg BT 442.16 155.70 Td (As a result of that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.00 143.70 Td (engagement, the Company appointed a new member of the ) Tj ET Q q 0 0 0 rg BT 325.71 143.70 Td (Audit Committee who was later appointed Chairman, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.00 131.70 Td (ef) Tj ET Q q 0 0 0 rg BT 95.59 131.70 Td (fective May 2014.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 119.70 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.00 119.70 Td (W) Tj ET Q q 0 0 0 rg BT 96.64 119.70 Td (e engaged external resources to supplement internal resources to address technical accounting and information ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.00 107.70 Td (technology matters, as well as to assist with the Restatement and preparation of prior year financial statements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 95.70 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.00 95.70 Td (W) Tj ET Q q 0 0 0 rg BT 96.64 95.70 Td (e have continued to create and implement accounting and information technology policies and procedures, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.00 83.70 Td (including written technical accounting memos required under GAAP) Tj ET Q q 0 0 0 rg BT 362.65 83.70 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 71.70 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.00 71.70 Td (W) Tj ET Q q 0 0 0 rg BT 96.64 71.70 Td (e have designed additional controls around identification, documentation and application of technical accounting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.00 59.70 Td (guidance.) Tj ET Q endstream endobj 263 0 obj <> endobj 264 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (128) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (During 2015 we continued to implement numerous changes in an ongoing ef) Tj ET Q q 0 0 0 rg BT 356.70 742.10 Td (fort to remediate material weaknesses in our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (internal controls over financial reporting identified as of December 31, 2014. ) Tj ET Q q 0 0 0 rg BT 360.18 730.10 Td (Additional remediation steps have been taken ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (including, but not limited to the following matters:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 694.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.00 694.10 Td (W) Tj ET Q q 0 0 0 rg BT 96.64 694.10 Td (e have implemented a Business Operating Model that supports the development and implementation of an ef) Tj ET Q q 0 0 0 rg BT 531.07 694.10 Td (fective ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.00 682.10 Td (internal control over financial reporting framework.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 670.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.00 670.10 Td (W) Tj ET Q q 0 0 0 rg BT 96.64 670.10 Td (e have developed key financial policies to drive financial reporting decisions and practices.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 658.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.00 658.10 Td (W) Tj ET Q q 0 0 0 rg BT 96.64 658.10 Td (e have developed and implemented control remediation monitoring and processes for reporting to management and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.00 646.10 Td (the BOD.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (Although we are currently in the process of implementing our remediation plans, we have performed substantive validation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (procedures on the financial statement balances to obtain a reasonable level of assurance on the reported balances. Our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (management team was able to obtain a reasonable level of assurance that data and corresponding disclosures were accurate and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (complete. ) Tj ET Q q 0 0 0 rg BT 91.10 586.10 Td (As a result, we believe that the consolidated financial statements included in this Form 10-K for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.58 574.10 Td ( fairly present, in all material respects, our financial position, results of operations and cash flows for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (periods presented in conformity with GAAP) Tj ET Q q 0 0 0 rg BT 226.36 562.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 536.10 Td (Changes in Internal Contr) Tj ET Q q 0 0 0 rg BT 162.89 536.10 Td (ol over) Tj ET Q q 0 0 0 rg BT 191.86 536.10 Td ( Financial Reporting) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 524.10 Td (As described above, we are in the process of implementing our remediation plans with respect to the above identified material ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 512.10 Td (weaknesses. ) Tj ET Q endstream endobj 265 0 obj <> endobj 266 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (129) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 135.40 730.10 Td (REPOR) Tj ET Q q 0 0 0 rg BT 170.05 730.10 Td (T) Tj ET Q q 0 0 0 rg BT 176.54 730.10 Td ( OF) Tj ET Q q 0 0 0 rg BT 192.55 730.10 Td ( INDEPENDENT) Tj ET Q q 0 0 0 rg BT 267.66 730.10 Td ( REGISTERED PUBLIC ) Tj ET Q q 0 0 0 rg BT 377.97 730.10 Td (ACCOUNTING FIRM) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 694.10 Td (o ) Tj ET Q q 0 0 0 rg BT 62.91 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 77.63 694.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 104.57 694.10 Td (of ) Tj ET Q q 0 0 0 rg BT 115.40 694.10 Td (Directors ) Tj ET Q q 0 0 0 rg BT 155.10 694.10 Td (and ) Tj ET Q q 0 0 0 rg BT 172.04 694.10 Td (Stockholders) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (Advanced ) Tj ET Q q 0 0 0 rg BT 93.04 682.10 Td (Emissions ) Tj ET Q q 0 0 0 rg BT 136.66 682.10 Td (Solutions, ) Tj ET Q q 0 0 0 rg BT 179.44 682.10 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 197.21 682.10 Td (and ) Tj ET Q q 0 0 0 rg BT 214.15 682.10 Td (Subsidiaries) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 646.10 Td (e ) Tj ET Q q 0 0 0 rg BT 64.86 646.10 Td (have ) Tj ET Q q 0 0 0 rg BT 85.52 646.10 Td (audited ) Tj ET Q q 0 0 0 rg BT 116.34 646.10 Td (Advanced ) Tj ET Q q 0 0 0 rg BT 158.66 646.10 Td (Emissions ) Tj ET Q q 0 0 0 rg BT 201.57 646.10 Td (Solutions, ) Tj ET Q q 0 0 0 rg BT 243.64 646.10 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 260.69 646.10 Td (and ) Tj ET Q q 0 0 0 rg BT 276.91 646.10 Td (subsidiaries) Tj ET Q q 0 0 0 rg BT 326.72 646.10 Td ( ) Tj ET Q q 0 0 0 rg BT 328.50 646.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 360.83 646.10 Td (control ) Tj ET Q q 0 0 0 rg BT 390.94 646.10 Td (over ) Tj ET Q q 0 0 0 rg BT 410.49 646.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 447.25 646.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 485.69 646.10 Td (as ) Tj ET Q q 0 0 0 rg BT 495.80 646.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.92 646.10 Td (December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 634.10 Td (, ) Tj ET Q q 0 0 0 rg BT 77.25 634.10 Td (based ) Tj ET Q q 0 0 0 rg BT 104.78 634.10 Td (on ) Tj ET Q q 0 0 0 rg BT 119.53 634.10 Td (criteria ) Tj ET Q q 0 0 0 rg BT 152.59 634.10 Td (established ) Tj ET Q q 0 0 0 rg BT 201.78 634.10 Td (in ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 214.31 634.10 Td (Internal ) Tj ET Q q 0 0 0 rg BT 251.28 634.10 Td (Contr) Tj ET Q q 0 0 0 rg BT 274.25 634.10 Td (ol ) Tj ET Q q 0 0 0 rg BT 286.78 634.10 Td (- ) Tj ET Q q 0 0 0 rg BT 294.87 634.10 Td (Integrated ) Tj ET Q q 0 0 0 rg BT 341.27 634.10 Td (Framework) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.93 634.10 Td ( ) Tj ET Q q 0 0 0 rg BT 392.69 634.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 422.44 634.10 Td (by ) Tj ET Q q 0 0 0 rg BT 437.19 634.10 Td (the ) Tj ET Q q 0 0 0 rg BT 454.17 634.10 Td (Committee ) Tj ET Q q 0 0 0 rg BT 503.36 634.10 Td (of ) Tj ET Q q 0 0 0 rg BT 516.44 634.10 Td (Sponsoring ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (Or) Tj ET Q q 0 0 0 rg BT 60.37 622.10 Td (ganizations ) Tj ET Q q 0 0 0 rg BT 109.99 622.10 Td (of ) Tj ET Q q 0 0 0 rg BT 122.39 622.10 Td (the ) Tj ET Q q 0 0 0 rg BT 138.39 622.10 Td (T) Tj ET Q q 0 0 0 rg BT 144.15 622.10 Td (readway ) Tj ET Q q 0 0 0 rg BT 182.09 622.10 Td (Commission ) Tj ET Q q 0 0 0 rg BT 236.73 622.10 Td (in ) Tj ET Q q 0 0 0 rg BT 248.59 622.10 Td (2013. ) Tj ET Q q 0 0 0 rg BT 274.26 622.10 Td (Advanced ) Tj ET Q q 0 0 0 rg BT 318.87 622.10 Td (Emissions ) Tj ET Q q 0 0 0 rg BT 364.07 622.10 Td (Solutions, ) Tj ET Q q 0 0 0 rg BT 408.43 622.10 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 427.77 622.10 Td (and ) Tj ET Q q 0 0 0 rg BT 446.29 622.10 Td (subsidiaries) Tj ET Q q 0 0 0 rg BT 496.09 622.10 Td ( ) Tj ET Q q 0 0 0 rg BT 500.17 622.10 Td (management ) Tj ET Q q 0 0 0 rg BT 555.33 622.10 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (responsible ) Tj ET Q q 0 0 0 rg BT 97.46 610.10 Td (for ) Tj ET Q q 0 0 0 rg BT 111.04 610.10 Td (maintaining ) Tj ET Q q 0 0 0 rg BT 160.72 610.10 Td (ef) Tj ET Q q 0 0 0 rg BT 168.31 610.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 197.43 610.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 229.89 610.10 Td (control ) Tj ET Q q 0 0 0 rg BT 260.13 610.10 Td (over ) Tj ET Q q 0 0 0 rg BT 279.81 610.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 316.71 610.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 355.28 610.10 Td (and ) Tj ET Q q 0 0 0 rg BT 371.63 610.10 Td (for ) Tj ET Q q 0 0 0 rg BT 385.21 610.10 Td (its ) Tj ET Q q 0 0 0 rg BT 396.57 610.10 Td (assessment ) Tj ET Q q 0 0 0 rg BT 442.92 610.10 Td (of ) Tj ET Q q 0 0 0 rg BT 453.17 610.10 Td (the ) Tj ET Q q 0 0 0 rg BT 467.30 610.10 Td (ef) Tj ET Q q 0 0 0 rg BT 474.89 610.10 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 521.23 610.10 Td (of ) Tj ET Q q 0 0 0 rg BT 531.48 610.10 Td (internal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (control ) Tj ET Q q 0 0 0 rg BT 79.93 598.10 Td (over ) Tj ET Q q 0 0 0 rg BT 99.30 598.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 135.89 598.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 174.15 598.10 Td (included ) Tj ET Q q 0 0 0 rg BT 210.19 598.10 Td (in ) Tj ET Q q 0 0 0 rg BT 219.57 598.10 Td (the ) Tj ET Q q 0 0 0 rg BT 233.40 598.10 Td (accompanying ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 293.31 598.10 Td (Management) Tj ET Q q 0 0 0 rg BT 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586.10 Td (s ) Tj ET Q q 0 0 0 rg BT 294.97 586.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 328.01 586.10 Td (control ) Tj ET Q q 0 0 0 rg BT 358.84 586.10 Td (over ) Tj ET Q q 0 0 0 rg BT 379.11 586.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 416.59 586.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 455.74 586.10 Td (based ) Tj ET Q q 0 0 0 rg BT 481.01 586.10 Td (on ) Tj ET Q q 0 0 0 rg BT 493.51 586.10 Td (our ) Tj ET Q q 0 0 0 rg BT 509.34 586.10 Td (audit.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 562.10 Td (e ) Tj ET Q q 0 0 0 rg BT 65.95 562.10 Td (conducted ) Tj ET Q q 0 0 0 rg BT 109.92 562.10 Td (our ) Tj ET Q q 0 0 0 rg BT 126.12 562.10 Td (audit ) Tj ET Q q 0 0 0 rg BT 148.99 562.10 Td (in ) Tj ET Q q 0 0 0 rg BT 159.64 562.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 207.48 562.10 Td (with ) Tj ET Q q 0 0 0 rg BT 228.13 562.10 Td (the ) Tj ET Q q 0 0 0 rg BT 243.22 562.10 Td (standards ) Tj ET Q q 0 0 0 rg BT 283.86 562.10 Td (of ) Tj ET Q q 0 0 0 rg BT 295.06 562.10 Td (the ) Tj ET Q q 0 0 0 rg BT 310.15 562.10 Td (Public ) Tj ET Q q 0 0 0 rg BT 338.58 562.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 379.71 562.10 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 429.24 562.10 Td (Oversight ) Tj ET Q q 0 0 0 rg BT 471.55 562.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 498.86 562.10 Td (\(United ) Tj ET Q q 0 0 0 rg BT 532.28 562.10 Td (States\). ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (Those ) Tj ET Q q 0 0 0 rg BT 76.45 550.10 Td (standards ) Tj ET Q q 0 0 0 rg BT 116.24 550.10 Td (require ) Tj ET Q q 0 0 0 rg BT 146.57 550.10 Td (that ) Tj ET Q q 0 0 0 rg BT 163.58 550.10 Td (we ) Tj ET Q q 0 0 0 rg BT 177.26 550.10 Td (plan ) Tj ET Q q 0 0 0 rg BT 196.49 550.10 Td (and ) Tj ET Q q 0 0 0 rg BT 212.94 550.10 Td (perform ) Tj ET Q q 0 0 0 rg BT 247.17 550.10 Td (the ) Tj ET Q q 0 0 0 rg BT 261.40 550.10 Td (audit ) Tj ET Q q 0 0 0 rg BT 283.41 550.10 Td (to ) Tj ET Q q 0 0 0 rg BT 293.20 550.10 Td (obtain ) Tj ET Q q 0 0 0 rg BT 320.21 550.10 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 364.98 550.10 Td (assurance ) Tj ET Q q 0 0 0 rg BT 405.87 550.10 Td (about ) Tj ET Q q 0 0 0 rg BT 430.10 550.10 Td (whether ) Tj ET Q q 0 0 0 rg BT 464.32 550.10 Td (ef) Tj ET Q q 0 0 0 rg BT 471.91 550.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 501.13 550.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 533.68 550.10 Td (control ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (over ) Tj ET Q q 0 0 0 rg BT 69.91 538.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 107.02 538.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 145.82 538.10 Td (was ) Tj ET Q q 0 0 0 rg BT 163.51 538.10 Td (maintained ) Tj ET Q q 0 0 0 rg BT 210.07 538.10 Td (in ) Tj ET Q q 0 0 0 rg BT 219.99 538.10 Td (all ) Tj ET Q q 0 0 0 rg BT 232.12 538.10 Td (material ) Tj ET Q q 0 0 0 rg BT 267.02 538.10 Td (respects. ) Tj ET Q q 0 0 0 rg BT 303.86 538.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 321.55 538.10 Td (audit ) Tj ET Q q 0 0 0 rg BT 343.69 538.10 Td (included ) Tj ET Q q 0 0 0 rg BT 380.26 538.10 Td (obtaining ) Tj ET Q q 0 0 0 rg BT 420.17 538.10 Td (an ) Tj ET Q q 0 0 0 rg BT 431.74 538.10 Td (understanding ) Tj ET Q q 0 0 0 rg BT 490.54 538.10 Td (of ) Tj ET Q q 0 0 0 rg BT 501.00 538.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 533.68 538.10 Td (control ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (over ) Tj ET Q q 0 0 0 rg BT 70.67 526.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 108.54 526.10 Td 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rg BT 162.18 502.10 Td (circumstances. ) Tj ET Q q 0 0 0 rg BT 223.64 502.10 Td (W) Tj ET Q q 0 0 0 rg BT 232.28 502.10 Td (e ) Tj ET Q q 0 0 0 rg BT 239.21 502.10 Td (believe ) Tj ET Q q 0 0 0 rg BT 270.59 502.10 Td (that ) Tj ET Q q 0 0 0 rg BT 288.08 502.10 Td (our ) Tj ET Q q 0 0 0 rg BT 303.91 502.10 Td (audit ) Tj ET Q q 0 0 0 rg BT 326.41 502.10 Td (provides ) Tj ET Q q 0 0 0 rg BT 363.34 502.10 Td (a ) Tj ET Q q 0 0 0 rg BT 370.28 502.10 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 415.54 502.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 438.04 502.10 Td (for ) Tj ET Q q 0 0 0 rg BT 452.20 502.10 Td (our ) Tj ET Q q 0 0 0 rg BT 468.03 502.10 Td (opinion.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (A) Tj ET Q q 0 0 0 rg BT 56.67 478.10 Td ( ) Tj ET Q q 0 0 0 rg BT 58.30 478.10 Td (company) Tj ET Q q 0 0 0 rg BT 97.74 478.10 Td (s ) Tj ET Q q 0 0 0 rg BT 103.26 478.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 135.43 478.10 Td (control ) Tj ET Q q 0 0 0 rg BT 165.39 478.10 Td (over ) Tj ET Q q 0 0 0 rg BT 184.79 478.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 221.41 478.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 259.69 478.10 Td (is ) Tj ET Q q 0 0 0 rg BT 268.00 478.10 Td (a ) Tj ET Q q 0 0 0 rg BT 274.07 478.10 Td (process ) Tj ET Q q 0 0 0 rg BT 305.69 478.10 Td (designed ) Tj ET Q q 0 0 0 rg BT 342.87 478.10 Td (to ) Tj ET Q q 0 0 0 rg BT 352.28 478.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 384.46 478.10 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 428.84 478.10 Td (assurance ) Tj ET Q q 0 0 0 rg BT 469.34 478.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 509.29 478.10 Td (the ) Tj ET Q q 0 0 0 rg BT 523.14 478.10 Td (reliability ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (of ) Tj ET Q q 0 0 0 rg BT 61.59 466.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 99.84 466.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 139.76 466.10 Td (and ) Tj ET Q q 0 0 0 rg BT 157.46 466.10 Td (the ) Tj ET Q q 0 0 0 rg BT 172.94 466.10 Td (preparation ) Tj ET Q q 0 0 0 rg BT 221.74 466.10 Td (of ) Tj ET Q q 0 0 0 rg BT 233.33 466.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 271.58 466.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 317.05 466.10 Td (for ) Tj ET Q q 0 0 0 rg BT 331.98 466.10 Td (external ) Tj ET Q q 0 0 0 rg BT 367.44 466.10 Td (purposes ) Tj ET Q q 0 0 0 rg BT 406.26 466.10 Td (in ) Tj ET Q q 0 0 0 rg BT 417.30 466.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 465.53 466.10 Td (with ) Tj ET Q q 0 0 0 rg BT 486.57 466.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 527.04 466.10 Td (accepted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 95.75 454.10 Td (principles. ) Tj ET Q q 0 0 0 rg BT 139.15 454.10 Td (A) Tj ET Q q 0 0 0 rg BT 145.82 454.10 Td ( ) Tj ET Q q 0 0 0 rg BT 147.70 454.10 Td (company) Tj ET Q q 0 0 0 rg BT 187.13 454.10 Td (s ) Tj ET Q q 0 0 0 rg BT 192.91 454.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 225.33 454.10 Td (control ) Tj ET Q q 0 0 0 rg BT 255.53 454.10 Td (over ) Tj ET Q q 0 0 0 rg BT 275.18 454.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 312.04 454.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 350.58 454.10 Td (includes ) Tj ET Q q 0 0 0 rg BT 385.78 454.10 Td (those ) Tj ET Q q 0 0 0 rg BT 408.77 454.10 Td (policies ) Tj ET Q q 0 0 0 rg BT 441.75 454.10 Td (and ) Tj ET Q q 0 0 0 rg BT 458.07 454.10 Td (procedures ) Tj ET Q q 0 0 0 rg BT 503.82 454.10 Td (that ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 520.69 454.10 Td (\(a\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.35 454.10 Td ( ) Tj ET Q q 0 0 0 rg BT 534.23 454.10 Td (pertain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (to ) Tj ET Q q 0 0 0 rg BT 60.00 442.10 Td (the ) Tj ET Q q 0 0 0 rg BT 74.44 442.10 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 127.18 442.10 Td (of ) Tj ET Q q 0 0 0 rg BT 137.74 442.10 Td (records ) Tj ET Q q 0 0 0 rg BT 169.38 442.10 Td (that, ) Tj ET Q q 0 0 0 rg BT 189.10 442.10 Td (in ) Tj ET Q q 0 0 0 rg BT 199.10 442.10 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 244.07 442.10 Td (detail, ) Tj ET Q q 0 0 0 rg BT 271.01 442.10 Td (accurately ) Tj ET Q q 0 0 0 rg BT 314.31 442.10 Td (and ) Tj ET Q q 0 0 0 rg BT 330.97 442.10 Td (fairly ) Tj ET Q q 0 0 0 rg BT 354.84 442.10 Td (reflect ) Tj ET Q q 0 0 0 rg BT 382.59 442.10 Td (the ) Tj ET Q q 0 0 0 rg BT 397.03 442.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 447.02 442.10 Td (and ) Tj ET Q q 0 0 0 rg BT 463.68 442.10 Td (dispositions ) Tj ET Q q 0 0 0 rg BT 513.68 442.10 Td (of ) Tj ET Q q 0 0 0 rg BT 524.24 442.10 Td (the ) Tj ET Q q 0 0 0 rg BT 538.67 442.10 Td (assets ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (of ) Tj ET Q q 0 0 0 rg BT 61.17 430.10 Td (the ) Tj ET Q q 0 0 0 rg BT 76.23 430.10 Td (company; ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 118.51 430.10 Td (\(b\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 130.17 430.10 Td ( ) Tj ET Q q 0 0 0 rg BT 133.01 430.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 166.40 430.10 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 212.00 430.10 Td (assurance ) Tj ET Q q 0 0 0 rg BT 253.71 430.10 Td (that ) Tj ET Q q 0 0 0 rg BT 271.55 430.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 322.16 430.10 Td (are ) Tj ET Q q 0 0 0 rg BT 337.21 430.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 375.03 430.10 Td (as ) Tj ET Q q 0 0 0 rg BT 386.20 430.10 Td (necessary ) Tj ET Q q 0 0 0 rg BT 427.91 430.10 Td (to ) Tj ET Q q 0 0 0 rg BT 438.53 430.10 Td (permit ) Tj ET Q q 0 0 0 rg BT 467.48 430.10 Td (preparation ) Tj ET Q q 0 0 0 rg BT 515.85 430.10 Td (of ) Tj ET Q q 0 0 0 rg BT 527.03 430.10 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 95.08 418.10 Td (in ) Tj ET Q q 0 0 0 rg BT 105.72 418.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 153.54 418.10 Td (with ) Tj ET Q q 0 0 0 rg BT 174.18 418.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 214.25 418.10 Td (accepted ) Tj ET Q q 0 0 0 rg BT 252.08 418.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 298.82 418.10 Td (principles, ) Tj ET Q q 0 0 0 rg BT 343.62 418.10 Td (and ) Tj ET Q q 0 0 0 rg BT 360.92 418.10 Td (that ) Tj ET Q q 0 0 0 rg BT 378.78 418.10 Td (receipts ) Tj ET Q q 0 0 0 rg BT 412.74 418.10 Td (and ) Tj ET Q q 0 0 0 rg BT 430.04 418.10 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 484.00 418.10 Td (of ) Tj ET Q q 0 0 0 rg BT 495.19 418.10 Td (the ) Tj ET Q q 0 0 0 rg BT 510.27 418.10 Td (company ) Tj ET Q q 0 0 0 rg BT 549.79 418.10 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (being ) Tj ET Q q 0 0 0 rg BT 75.48 406.10 Td (made ) Tj ET Q q 0 0 0 rg BT 100.41 406.10 Td (only ) Tj ET Q q 0 0 0 rg BT 121.45 406.10 Td (in ) Tj ET Q q 0 0 0 rg BT 132.50 406.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 180.72 406.10 Td (with ) Tj ET Q q 0 0 0 rg BT 201.77 406.10 Td (authorizations ) Tj ET Q q 0 0 0 rg BT 261.68 406.10 Td (of ) Tj ET Q q 0 0 0 rg BT 273.28 406.10 Td (management ) Tj ET Q q 0 0 0 rg BT 327.64 406.10 Td (and ) Tj ET Q q 0 0 0 rg BT 345.34 406.10 Td (directors ) Tj ET Q q 0 0 0 rg BT 383.59 406.10 Td (of ) Tj ET Q q 0 0 0 rg BT 395.19 406.10 Td (the ) Tj ET Q q 0 0 0 rg BT 410.67 406.10 Td (company; ) Tj ET Q q 0 0 0 rg BT 453.37 406.10 Td (and ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 471.08 406.10 Td (\(c\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.18 406.10 Td ( ) Tj ET Q q 0 0 0 rg BT 485.44 406.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 519.26 406.10 Td (reasonable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (assurance ) Tj ET Q q 0 0 0 rg BT 91.64 394.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 132.73 394.10 Td (prevention ) Tj ET Q q 0 0 0 rg BT 178.26 394.10 Td (or ) Tj ET Q q 0 0 0 rg BT 189.37 394.10 Td (timely ) Tj ET Q q 0 0 0 rg BT 217.69 394.10 Td (detection ) Tj ET Q q 0 0 0 rg BT 257.11 394.10 Td (of ) Tj ET Q q 0 0 0 rg BT 268.22 394.10 Td (unauthorized ) Tj ET Q q 0 0 0 rg BT 323.19 394.10 Td (acquisition, ) Tj ET Q q 0 0 0 rg BT 372.34 394.10 Td (use, ) Tj ET Q q 0 0 0 rg BT 390.95 394.10 Td (or ) Tj ET Q q 0 0 0 rg BT 402.05 394.10 Td (disposition ) Tj ET Q q 0 0 0 rg BT 448.72 394.10 Td (of ) Tj ET Q q 0 0 0 rg BT 459.82 394.10 Td (the ) Tj ET Q q 0 0 0 rg BT 474.81 394.10 Td (company) Tj ET Q q 0 0 0 rg BT 514.24 394.10 Td (s ) Tj ET Q q 0 0 0 rg BT 520.91 394.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 547.01 394.10 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (could ) Tj ET Q q 0 0 0 rg BT 74.72 382.10 Td (have ) Tj ET Q q 0 0 0 rg BT 96.09 382.10 Td (a ) Tj ET Q q 0 0 0 rg BT 103.03 382.10 Td (material ) Tj ET Q q 0 0 0 rg BT 138.29 382.10 Td (ef) Tj ET Q q 0 0 0 rg BT 145.88 382.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 163.36 382.10 Td (on ) Tj ET Q q 0 0 0 rg BT 175.86 382.10 Td (the ) Tj ET Q q 0 0 0 rg BT 190.58 382.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 228.06 382.10 Td (statements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (Because ) Tj ET Q q 0 0 0 rg BT 87.24 358.10 Td (of ) Tj ET Q q 0 0 0 rg BT 99.49 358.10 Td (its ) Tj ET Q q 0 0 0 rg BT 112.85 358.10 Td (inherent ) Tj ET Q q 0 0 0 rg BT 149.54 358.10 Td (limitations, ) Tj ET Q q 0 0 0 rg BT 198.74 358.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 233.20 358.10 Td (control ) Tj ET Q q 0 0 0 rg BT 265.45 358.10 Td (over ) Tj ET Q q 0 0 0 rg BT 287.13 358.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 326.04 358.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 366.61 358.10 Td (may ) Tj ET Q q 0 0 0 rg BT 387.75 358.10 Td (not ) Tj ET Q q 0 0 0 rg BT 404.45 358.10 Td (prevent ) Tj ET Q q 0 0 0 rg BT 438.35 358.10 Td (or ) Tj ET Q q 0 0 0 rg BT 450.60 358.10 Td (detect ) Tj ET Q q 0 0 0 rg BT 478.40 358.10 Td (misstatements. ) Tj ET Q q 0 0 0 rg BT 540.61 358.10 Td (Also, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td (projections ) Tj ET Q q 0 0 0 rg BT 96.31 346.10 Td (of ) Tj ET Q q 0 0 0 rg BT 106.52 346.10 Td (any ) Tj ET Q q 0 0 0 rg BT 122.84 346.10 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 166.37 346.10 Td (of ) Tj ET Q q 0 0 0 rg BT 176.58 346.10 Td (ef) Tj ET Q q 0 0 0 rg BT 184.17 346.10 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 230.47 346.10 Td (to ) Tj ET Q q 0 0 0 rg BT 240.13 346.10 Td (future ) Tj ET Q q 0 0 0 rg BT 265.89 346.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 297.21 346.10 Td (are ) Tj ET Q q 0 0 0 rg BT 311.29 346.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 341.50 346.10 Td (to ) Tj ET Q q 0 0 0 rg BT 351.16 346.10 Td (the ) Tj ET Q q 0 0 0 rg BT 365.25 346.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 382.13 346.10 Td (that ) Tj ET Q q 0 0 0 rg BT 399.01 346.10 Td (controls ) Tj ET Q q 0 0 0 rg BT 433.11 346.10 Td (may ) Tj ET Q q 0 0 0 rg BT 452.20 346.10 Td (become ) Tj ET Q q 0 0 0 rg BT 485.18 346.10 Td (inadequate ) Tj ET Q q 0 0 0 rg BT 530.37 346.10 Td (because ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.83 334.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 95.54 334.10 Td (in ) Tj ET Q q 0 0 0 rg BT 105.82 334.10 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 152.48 334.10 Td (or ) Tj ET Q q 0 0 0 rg BT 163.31 334.10 Td (that ) Tj ET Q q 0 0 0 rg BT 180.81 334.10 Td (the ) Tj ET Q q 0 0 0 rg BT 195.52 334.10 Td (degree ) Tj ET Q q 0 0 0 rg BT 224.67 334.10 Td (of ) Tj ET Q q 0 0 0 rg BT 235.50 334.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 284.09 334.10 Td (with ) Tj ET Q q 0 0 0 rg BT 304.37 334.10 Td (the ) Tj ET Q q 0 0 0 rg BT 319.08 334.10 Td (policies ) Tj ET Q q 0 0 0 rg BT 352.69 334.10 Td (or ) Tj ET Q q 0 0 0 rg BT 363.52 334.10 Td (procedures ) Tj ET Q q 0 0 0 rg BT 409.88 334.10 Td (may ) Tj ET Q q 0 0 0 rg BT 429.60 334.10 Td (deteriorate.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (A) Tj ET Q q 0 0 0 rg BT 56.67 310.10 Td ( ) Tj ET Q q 0 0 0 rg BT 59.12 310.10 Td (material ) Tj ET Q q 0 0 0 rg BT 94.32 310.10 Td (weakness ) Tj ET Q q 0 0 0 rg BT 135.08 310.10 Td (is ) Tj ET Q q 0 0 0 rg BT 144.20 310.10 Td (a ) Tj ET Q q 0 0 0 rg BT 151.08 310.10 Td (deficiency) Tj ET Q q 0 0 0 rg BT 192.08 310.10 Td (, ) Tj ET Q q 0 0 0 rg BT 197.02 310.10 Td (or ) Tj ET Q q 0 0 0 rg BT 207.80 310.10 Td (a ) Tj ET Q q 0 0 0 rg BT 214.68 310.10 Td (combination ) Tj ET Q q 0 0 0 rg BT 267.12 310.10 Td (of ) Tj ET Q q 0 0 0 rg BT 277.89 310.10 Td (deficiencies, ) Tj ET Q q 0 0 0 rg BT 330.58 310.10 Td (in ) Tj ET Q q 0 0 0 rg BT 340.81 310.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 373.80 310.10 Td (control ) Tj ET Q q 0 0 0 rg BT 404.57 310.10 Td (over ) Tj ET Q q 0 0 0 rg BT 424.78 310.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 462.21 310.10 Td (reporting, ) Tj ET Q q 0 0 0 rg BT 503.81 310.10 Td (such ) Tj ET Q q 0 0 0 rg BT 524.58 310.10 Td (that ) Tj ET Q q 0 0 0 rg BT 542.02 310.10 Td (there ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (is ) Tj ET Q q 0 0 0 rg BT 58.22 298.10 Td (a ) Tj ET Q q 0 0 0 rg BT 64.20 298.10 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 108.50 298.10 Td (possibility ) Tj ET Q q 0 0 0 rg BT 151.72 298.10 Td (that ) Tj ET Q q 0 0 0 rg BT 168.27 298.10 Td (a ) Tj ET Q q 0 0 0 rg BT 174.25 298.10 Td (material ) Tj ET Q q 0 0 0 rg BT 208.56 298.10 Td (misstatement ) Tj ET Q q 0 0 0 rg BT 262.87 298.10 Td (of ) Tj ET Q q 0 0 0 rg BT 272.75 298.10 Td (the ) Tj ET Q q 0 0 0 rg BT 286.51 298.10 Td (company) Tj ET Q q 0 0 0 rg BT 325.95 298.10 Td (s ) Tj ET Q q 0 0 0 rg BT 331.39 298.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 359.59 298.10 Td (or ) Tj ET Q q 0 0 0 rg BT 369.46 298.10 Td (interim ) Tj ET Q q 0 0 0 rg BT 399.89 298.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 436.42 298.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 480.18 298.10 Td (will ) Tj ET Q q 0 0 0 rg BT 497.28 298.10 Td (not ) Tj ET Q q 0 0 0 rg BT 511.61 298.10 Td (be ) Tj ET Q q 0 0 0 rg BT 522.59 298.10 Td (prevented ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (or ) Tj ET Q q 0 0 0 rg BT 60.49 286.10 Td (detected ) Tj ET Q q 0 0 0 rg BT 95.97 286.10 Td (on ) Tj ET Q q 0 0 0 rg BT 108.13 286.10 Td (a ) Tj ET Q q 0 0 0 rg BT 114.73 286.10 Td (timely ) Tj ET Q q 0 0 0 rg BT 142.45 286.10 Td (basis. ) Tj ET Q q 0 0 0 rg BT 166.95 286.10 Td (The ) Tj ET Q q 0 0 0 rg BT 184.66 286.10 Td (following ) Tj ET Q q 0 0 0 rg BT 225.71 286.10 Td (material ) Tj ET Q q 0 0 0 rg BT 260.63 286.10 Td (weaknesses ) Tj ET Q q 0 0 0 rg BT 309.45 286.10 Td (have ) Tj ET Q q 0 0 0 rg BT 330.49 286.10 Td (been ) Tj ET Q q 0 0 0 rg BT 351.53 286.10 Td (identified ) Tj ET Q q 0 0 0 rg BT 392.01 286.10 Td (and ) Tj ET Q q 0 0 0 rg BT 408.61 286.10 Td (included ) Tj ET Q q 0 0 0 rg BT 445.21 286.10 Td (in ) Tj ET Q q 0 0 0 rg BT 455.15 286.10 Td (management) Tj ET Q q 0 0 0 rg BT 509.02 286.10 Td (s ) Tj ET Q q 0 0 0 rg BT 515.07 286.10 Td (assessment. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (\(The ) Tj ET Q q 0 0 0 rg BT 71.32 274.10 Td (bullet ) Tj ET Q q 0 0 0 rg BT 96.53 274.10 Td (points ) Tj ET Q q 0 0 0 rg BT 123.42 274.10 Td (under ) Tj ET Q q 0 0 0 rg BT 148.63 274.10 Td (each ) Tj ET Q q 0 0 0 rg BT 169.38 274.10 Td (of ) Tj ET Q q 0 0 0 rg BT 180.16 274.10 Td (the ) Tj ET Q q 0 0 0 rg BT 194.81 274.10 Td (material ) Tj ET Q q 0 0 0 rg BT 230.01 274.10 Td (weaknesses, ) Tj ET Q q 0 0 0 rg BT 281.60 274.10 Td (in ) Tj ET Q q 0 0 0 rg BT 291.82 274.10 Td (the ) Tj ET Q q 0 0 0 rg BT 306.48 274.10 Td (aggregate, ) Tj ET Q q 0 0 0 rg BT 350.28 274.10 Td (resulted ) Tj ET Q q 0 0 0 rg BT 384.38 274.10 Td (in ) Tj ET Q q 0 0 0 rg BT 394.60 274.10 Td (the ) Tj ET Q q 0 0 0 rg BT 409.25 274.10 Td (identified ) Tj ET Q q 0 0 0 rg BT 450.01 274.10 Td (material ) Tj ET Q q 0 0 0 rg BT 485.21 274.10 Td (weakness ) Tj ET Q q 0 0 0 rg BT 525.97 274.10 Td (but ) Tj ET Q q 0 0 0 rg BT 541.19 274.10 Td (each, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (individually) Tj ET Q q 0 0 0 rg BT 97.68 262.10 Td (, ) Tj ET Q q 0 0 0 rg BT 102.68 262.10 Td (would ) Tj ET Q q 0 0 0 rg BT 130.18 262.10 Td (also ) Tj ET Q q 0 0 0 rg BT 148.79 262.10 Td (have ) Tj ET Q q 0 0 0 rg BT 170.17 262.10 Td (been ) Tj ET Q q 0 0 0 rg BT 191.54 262.10 Td (suf) Tj ET Q q 0 0 0 rg BT 203.58 262.10 Td (ficient ) Tj ET Q q 0 0 0 rg BT 231.63 262.10 Td (to ) Tj ET Q q 0 0 0 rg BT 241.90 262.10 Td (result ) Tj ET Q q 0 0 0 rg BT 266.62 262.10 Td (in ) Tj ET Q q 0 0 0 rg BT 276.90 262.10 Td (the ) Tj ET Q q 0 0 0 rg BT 291.62 262.10 Td (material ) Tj ET Q q 0 0 0 rg BT 326.88 262.10 Td (weakness\):) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 236.76699218750002 m 407.91015625 236.76699218750002 l s q 0 0 0 rg BT 50.00 238.10 Td (Ineffective contr) Tj ET Q q 0 0 0 rg BT 114.87 238.10 Td (ol envir) Tj ET Q q 0 0 0 rg BT 145.33 238.10 Td (onment and monitoring to support the financial r) Tj ET Q q 0 0 0 rg BT 341.34 238.10 Td (eporting pr) Tj ET Q q 0 0 0 rg BT 386.25 238.10 Td (ocess) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 220.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.88 220.10 Td (Company) Tj ET Q q 0 0 0 rg BT 109.54 220.10 Td (s ) Tj ET Q q 0 0 0 rg BT 115.76 220.10 Td (control ) Tj ET Q q 0 0 0 rg BT 146.42 220.10 Td (environment ) Tj ET Q q 0 0 0 rg BT 199.29 220.10 Td (did ) Tj ET Q q 0 0 0 rg BT 214.40 220.10 Td (not ) Tj ET Q q 0 0 0 rg BT 229.51 220.10 Td (suf) Tj ET Q q 0 0 0 rg BT 241.55 220.10 Td (ficiently ) Tj ET Q q 0 0 0 rg BT 277.20 220.10 Td (promote ) Tj ET Q q 0 0 0 rg BT 312.86 220.10 Td (ef) Tj ET Q q 0 0 0 rg BT 320.45 220.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 349.98 220.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 382.85 220.10 Td (control ) Tj ET Q q 0 0 0 rg BT 413.51 220.10 Td (over ) Tj ET Q q 0 0 0 rg BT 433.61 220.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 470.92 220.10 Td (reporting. ) Tj ET Q q 0 0 0 rg BT 512.40 220.10 Td (Specifically) Tj ET Q q 0 0 0 rg BT 559.51 220.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 208.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.72 208.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 106.10 208.10 Td (identified ) Tj ET Q q 0 0 0 rg BT 146.92 208.10 Td (the ) Tj ET Q q 0 0 0 rg BT 161.64 208.10 Td (following ) Tj ET Q q 0 0 0 rg BT 203.03 208.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 232.73 208.10 Td (relating ) Tj ET Q q 0 0 0 rg BT 265.78 208.10 Td (to ) Tj ET Q q 0 0 0 rg BT 276.05 208.10 Td (the ) Tj ET Q q 0 0 0 rg BT 290.77 208.10 Td (control ) Tj ET Q q 0 0 0 rg BT 321.60 208.10 Td (environment:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 190.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.00 190.10 Td (The Company had not fully implemented policies, procedures and related control activities designed to mitigate risks ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.00 178.10 Td (to the achievement of financial reporting objectives.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 166.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.00 166.10 Td (The Company had not fully implemented communication processes designed to allow all personnel and third parties ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.00 154.10 Td (to understand and carry out their internal control responsibilities and our information systems did not contain and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.00 142.10 Td (generate information that was of suf) Tj ET Q q 0 0 0 rg BT 232.49 142.10 Td (ficient quality to support the ef) Tj ET Q q 0 0 0 rg BT 355.89 142.10 Td (fective operation of controls. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 130.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.00 130.10 Td (The Company did not perform ongoing and separate evaluations of all of the controls, including those implemented in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.00 118.10 Td (2015. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 106.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.00 106.10 Td (The Company did not maintain ef) Tj ET Q q 0 0 0 rg BT 223.07 106.10 Td (fective disclosure controls and procedures allowing the Company to prepare ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.00 94.10 Td (disclosures in the time frame prescribed for financial reporting by the SEC.) Tj ET Q endstream endobj 267 0 obj <> endobj 268 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (130) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 740.7669921875 m 547.34375 740.7669921875 l s q 0 0 0 rg BT 50.00 742.10 Td (Ineffective internal contr) Tj ET Q q 0 0 0 rg BT 149.04 742.10 Td (ol monitoring activities to support the financial r) Tj ET Q q 0 0 0 rg BT 344.49 742.10 Td (eporting pr) Tj ET Q q 0 0 0 rg BT 389.40 742.10 Td (ocess and failur) Tj ET Q q 0 0 0 rg BT 452.92 742.10 Td (e to maintain adequate ) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 728.7669921875 m 174.04296875 728.7669921875 l s q 0 0 0 rg BT 50.00 730.10 Td (evidence of contr) Tj ET Q q 0 0 0 rg BT 118.49 730.10 Td (ol operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 712.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.18 712.10 Td (Company) Tj ET Q q 0 0 0 rg BT 108.85 712.10 Td (s ) Tj ET Q q 0 0 0 rg BT 114.37 712.10 Td (system ) Tj ET Q q 0 0 0 rg BT 143.78 712.10 Td (of ) Tj ET Q q 0 0 0 rg BT 153.75 712.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 185.92 712.10 Td (controls ) Tj ET Q q 0 0 0 rg BT 219.77 712.10 Td (did ) Tj ET Q q 0 0 0 rg BT 234.18 712.10 Td (not ) Tj ET Q q 0 0 0 rg BT 248.59 712.10 Td (suf) Tj ET Q q 0 0 0 rg BT 260.63 712.10 Td (ficiently ) Tj ET Q q 0 0 0 rg BT 295.59 712.10 Td (promote ) Tj ET Q q 0 0 0 rg BT 330.55 712.10 Td (ef) Tj ET Q q 0 0 0 rg BT 338.13 712.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 366.97 712.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 399.15 712.10 Td (control ) Tj ET Q q 0 0 0 rg BT 429.10 712.10 Td (over ) Tj ET Q q 0 0 0 rg BT 448.51 712.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 485.12 712.10 Td (reporting. ) Tj ET Q q 0 0 0 rg BT 525.91 712.10 Td (Principal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 700.10 Td (contributing ) Tj ET Q q 0 0 0 rg BT 101.36 700.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 131.04 700.10 Td (included ) Tj ET Q q 0 0 0 rg BT 167.95 700.10 Td (insuf) Tj ET Q q 0 0 0 rg BT 187.77 700.10 Td (ficient ) Tj ET Q q 0 0 0 rg BT 215.78 700.10 Td (time ) Tj ET Q q 0 0 0 rg BT 236.03 700.10 Td (to ) Tj ET Q q 0 0 0 rg BT 246.28 700.10 Td (fully ) Tj ET Q q 0 0 0 rg BT 267.64 700.10 Td (implement ) Tj ET Q q 0 0 0 rg BT 312.89 700.10 Td (and ) Tj ET Q q 0 0 0 rg BT 329.80 700.10 Td (document ) Tj ET Q q 0 0 0 rg BT 371.71 700.10 Td (all ) Tj ET Q q 0 0 0 rg BT 384.18 700.10 Td (of ) Tj ET Q q 0 0 0 rg BT 394.98 700.10 Td (the ) Tj ET Q q 0 0 0 rg BT 409.67 700.10 Td (control ) Tj ET Q q 0 0 0 rg BT 440.47 700.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 479.05 700.10 Td (that ) Tj ET Q q 0 0 0 rg BT 496.52 700.10 Td (contribute ) Tj ET Q q 0 0 0 rg BT 539.53 700.10 Td (to ) Tj ET Q q 0 0 0 rg BT 549.79 700.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 688.10 Td (mitigation ) Tj ET Q q 0 0 0 rg BT 93.82 688.10 Td (of ) Tj ET Q q 0 0 0 rg BT 104.86 688.10 Td (risks ) Tj ET Q q 0 0 0 rg BT 126.46 688.10 Td (of ) Tj ET Q q 0 0 0 rg BT 137.50 688.10 Td (a ) Tj ET Q q 0 0 0 rg BT 144.65 688.10 Td (material ) Tj ET Q q 0 0 0 rg BT 180.12 688.10 Td (fraud ) Tj ET Q q 0 0 0 rg BT 203.93 688.10 Td (or ) Tj ET Q q 0 0 0 rg BT 214.97 688.10 Td (errors ) Tj ET Q q 0 0 0 rg BT 241.00 688.10 Td (in ) Tj ET Q q 0 0 0 rg BT 251.48 688.10 Td (the ) Tj ET Q q 0 0 0 rg BT 266.41 688.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 304.10 688.10 Td (statements. ) Tj ET Q q 0 0 0 rg BT 350.93 688.10 Td (As ) Tj ET Q q 0 0 0 rg BT 364.75 688.10 Td (a ) Tj ET Q q 0 0 0 rg BT 371.90 688.10 Td (result, ) Tj ET Q q 0 0 0 rg BT 399.32 688.10 Td (the ) Tj ET Q q 0 0 0 rg BT 414.25 688.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 455.85 688.10 Td (was ) Tj ET Q q 0 0 0 rg BT 474.11 688.10 Td (not ) Tj ET Q q 0 0 0 rg BT 489.60 688.10 Td (able ) Tj ET Q q 0 0 0 rg BT 508.96 688.10 Td (to ) Tj ET Q q 0 0 0 rg BT 519.45 688.10 Td (ef) Tj ET Q q 0 0 0 rg BT 527.04 688.10 Td (fectively ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 676.10 Td (monitor ) Tj ET Q q 0 0 0 rg BT 84.17 676.10 Td (or ) Tj ET Q q 0 0 0 rg BT 95.00 676.10 Td (report ) Tj ET Q q 0 0 0 rg BT 121.37 676.10 Td (on ) Tj ET Q q 0 0 0 rg BT 133.87 676.10 Td (the ) Tj ET Q q 0 0 0 rg BT 148.59 676.10 Td (ef) Tj ET Q q 0 0 0 rg BT 156.18 676.10 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 203.10 676.10 Td (of ) Tj ET Q q 0 0 0 rg BT 213.93 676.10 Td (the ) Tj ET Q q 0 0 0 rg BT 228.65 676.10 Td (system ) Tj ET Q q 0 0 0 rg BT 258.93 676.10 Td (of ) Tj ET Q q 0 0 0 rg BT 269.76 676.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 302.80 676.10 Td (controls.) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 650.7669921875 m 559.501953125 650.7669921875 l s q 0 0 0 rg BT 50.00 652.10 Td (Ineffective information technology \(IT\) general contr) Tj ET Q q 0 0 0 rg BT 262.07 652.10 Td (ols. Ineffective pr) Tj ET Q q 0 0 0 rg BT 331.40 652.10 Td (ocess to manage change or appr) Tj ET Q q 0 0 0 rg BT 461.28 652.10 Td (opriately r) Tj ET Q q 0 0 0 rg BT 503.41 652.10 Td (estrict access ) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 638.7669921875 m 359.5849609375 638.7669921875 l s q 0 0 0 rg BT 50.00 640.10 Td (to the information technology envir) Tj ET Q q 0 0 0 rg BT 191.27 640.10 Td (onment and critical financial applications) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.26 622.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 107.85 622.10 Td (did ) Tj ET Q q 0 0 0 rg BT 122.34 622.10 Td (not ) Tj ET Q q 0 0 0 rg BT 136.83 622.10 Td (maintain ) Tj ET Q q 0 0 0 rg BT 173.53 622.10 Td (ef) Tj ET Q q 0 0 0 rg BT 181.11 622.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 210.02 622.10 Td (information ) Tj ET Q q 0 0 0 rg BT 258.95 622.10 Td (technology ) Tj ET Q q 0 0 0 rg BT 305.09 622.10 Td (general ) Tj ET Q q 0 0 0 rg BT 336.22 622.10 Td (controls ) Tj ET Q q 0 0 0 rg BT 370.15 622.10 Td (which ) Tj ET Q q 0 0 0 rg BT 396.29 622.10 Td (are ) Tj ET Q q 0 0 0 rg BT 410.21 622.10 Td (required ) Tj ET Q q 0 0 0 rg BT 445.23 622.10 Td (to ) Tj ET Q q 0 0 0 rg BT 454.72 622.10 Td (support ) Tj ET Q q 0 0 0 rg BT 486.43 622.10 Td (automated ) Tj ET Q q 0 0 0 rg BT 529.79 622.10 Td (controls ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.73 610.10 Td (IT) Tj ET Q q 0 0 0 rg BT 75.98 610.10 Td ( ) Tj ET Q q 0 0 0 rg BT 78.27 610.10 Td (functionality; ) Tj ET Q q 0 0 0 rg BT 134.43 610.10 Td (therefore, ) Tj ET Q q 0 0 0 rg BT 175.30 610.10 Td (automated ) Tj ET Q q 0 0 0 rg BT 219.24 610.10 Td (controls ) Tj ET Q q 0 0 0 rg BT 253.74 610.10 Td (and ) Tj ET Q q 0 0 0 rg BT 270.47 610.10 Td (IT) Tj ET Q q 0 0 0 rg BT 279.73 610.10 Td ( ) Tj ET Q q 0 0 0 rg BT 282.01 610.10 Td (functionality ) Tj ET Q q 0 0 0 rg BT 335.40 610.10 Td (were ) Tj ET Q q 0 0 0 rg BT 357.11 610.10 Td (deemed ) Tj ET Q q 0 0 0 rg BT 390.49 610.10 Td (inef) Tj ET Q q 0 0 0 rg BT 405.86 610.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 435.35 610.10 Td (for ) Tj ET Q q 0 0 0 rg BT 449.30 610.10 Td (the ) Tj ET Q q 0 0 0 rg BT 463.80 610.10 Td (same ) Tj ET Q q 0 0 0 rg BT 486.63 610.10 Td (period ) Tj ET Q q 0 0 0 rg BT 514.47 610.10 Td (under ) Tj ET Q q 0 0 0 rg BT 539.52 610.10 Td (audit. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (Specifically) Tj ET Q q 0 0 0 rg BT 97.11 598.10 Td (, ) Tj ET Q q 0 0 0 rg BT 102.11 598.10 Td (the ) Tj ET Q q 0 0 0 rg BT 116.83 598.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 158.21 598.10 Td (identified ) Tj ET Q q 0 0 0 rg BT 199.03 598.10 Td (the ) Tj ET Q q 0 0 0 rg BT 213.75 598.10 Td (following ) Tj ET Q q 0 0 0 rg BT 255.14 598.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 284.84 598.10 Td (relating ) Tj ET Q q 0 0 0 rg BT 317.89 598.10 Td (to ) Tj ET Q q 0 0 0 rg BT 328.16 598.10 Td (the ) Tj ET Q q 0 0 0 rg BT 342.88 598.10 Td (information ) Tj ET Q q 0 0 0 rg BT 392.59 598.10 Td (technology ) Tj ET Q q 0 0 0 rg BT 439.53 598.10 Td (general ) Tj ET Q q 0 0 0 rg BT 471.45 598.10 Td (controls:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 580.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 580.10 Td (The Company had inappropriate logical access rights assigned to information technology and accounting personnel ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 568.10 Td (related to key financial applications and systems which created segregation of duties violations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 556.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 556.10 Td (The Company did not have suf) Tj ET Q q 0 0 0 rg BT 209.41 556.10 Td (ficient processes related to periodic reviews of logical access to key financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 544.10 Td (applications and systems. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 532.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 532.10 Td (The Company had inef) Tj ET Q q 0 0 0 rg BT 177.74 532.10 Td (fective processes to identify and manage changes made to the key financial applications and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 520.10 Td (systems.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 508.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 508.10 Td (The Company did not have adequate processes for provisioning or revoking access to key financial applications and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 496.10 Td (systems.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 484.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 484.10 Td (The Company had inadequate oversight of third parties providing IT) Tj ET Q q 0 0 0 rg BT 359.92 484.10 Td ( support services. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 460.10 Td (These ) Tj ET Q q 0 0 0 rg BT 76.15 460.10 Td (material ) Tj ET Q q 0 0 0 rg BT 111.19 460.10 Td (weaknesses ) Tj ET Q q 0 0 0 rg BT 160.11 460.10 Td (were ) Tj ET Q q 0 0 0 rg BT 181.82 460.10 Td (considered ) Tj ET Q q 0 0 0 rg BT 227.41 460.10 Td (in ) Tj ET Q q 0 0 0 rg BT 237.46 460.10 Td (determining ) Tj ET Q q 0 0 0 rg BT 288.06 460.10 Td (the ) Tj ET Q q 0 0 0 rg BT 302.55 460.10 Td (nature, ) Tj ET Q q 0 0 0 rg BT 332.31 460.10 Td (timing, ) Tj ET Q q 0 0 0 rg BT 363.20 460.10 Td (and ) Tj ET Q q 0 0 0 rg BT 379.91 460.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 406.62 460.10 Td (of ) Tj ET Q q 0 0 0 rg BT 417.23 460.10 Td (audit ) Tj ET Q q 0 0 0 rg BT 439.50 460.10 Td (tests ) Tj ET Q q 0 0 0 rg BT 459.55 460.10 Td (applied ) Tj ET Q q 0 0 0 rg BT 491.26 460.10 Td (in ) Tj ET Q q 0 0 0 rg BT 501.31 460.10 Td (our ) Tj ET Q q 0 0 0 rg BT 516.92 460.10 Td (audit ) Tj ET Q q 0 0 0 rg BT 539.19 460.10 Td (of ) Tj ET Q q 0 0 0 rg BT 549.79 460.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 448.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 72.50 448.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 109.98 448.10 Td (statements, ) Tj ET Q q 0 0 0 rg BT 157.19 448.10 Td (and ) Tj ET Q q 0 0 0 rg BT 174.13 448.10 Td (this ) Tj ET Q q 0 0 0 rg BT 191.08 448.10 Td (report ) Tj ET Q q 0 0 0 rg BT 217.46 448.10 Td (does ) Tj ET Q q 0 0 0 rg BT 238.29 448.10 Td (not ) Tj ET Q q 0 0 0 rg BT 253.56 448.10 Td (af) Tj ET Q q 0 0 0 rg BT 261.15 448.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 278.64 448.10 Td (our ) Tj ET Q q 0 0 0 rg BT 294.47 448.10 Td (report ) Tj ET Q q 0 0 0 rg BT 320.84 448.10 Td (dated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.45 448.10 Td (April19, ) Tj ET Q q 0 0 0 rg BT 383.06 448.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.06 448.10 Td ( ) Tj ET Q q 0 0 0 rg BT 405.56 448.10 Td (on ) Tj ET Q q 0 0 0 rg BT 418.06 448.10 Td (those ) Tj ET Q q 0 0 0 rg BT 441.67 448.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 479.15 448.10 Td (statements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 424.10 Td (In ) Tj ET Q q 0 0 0 rg BT 60.12 424.10 Td (our ) Tj ET Q q 0 0 0 rg BT 75.25 424.10 Td (opinion, ) Tj ET Q q 0 0 0 rg BT 110.10 424.10 Td (because ) Tj ET Q q 0 0 0 rg BT 143.54 424.10 Td (of ) Tj ET Q q 0 0 0 rg BT 153.66 424.10 Td (the ) Tj ET Q q 0 0 0 rg BT 167.68 424.10 Td (ef) Tj ET Q q 0 0 0 rg BT 175.26 424.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 192.04 424.10 Td (of ) Tj ET Q q 0 0 0 rg BT 202.17 424.10 Td (the ) Tj ET Q q 0 0 0 rg BT 216.18 424.10 Td (material ) Tj ET Q q 0 0 0 rg BT 250.73 424.10 Td (weaknesses ) Tj ET Q q 0 0 0 rg BT 299.18 424.10 Td (described ) Tj ET Q q 0 0 0 rg BT 339.29 424.10 Td (above ) Tj ET Q q 0 0 0 rg BT 364.96 424.10 Td (on ) Tj ET Q q 0 0 0 rg BT 376.75 424.10 Td (the ) Tj ET Q q 0 0 0 rg BT 390.76 424.10 Td (achievement ) Tj ET Q q 0 0 0 rg BT 443.09 424.10 Td (of ) Tj ET Q q 0 0 0 rg BT 453.21 424.10 Td (the ) Tj ET Q q 0 0 0 rg BT 467.22 424.10 Td (objectives ) Tj ET Q q 0 0 0 rg BT 509.56 424.10 Td (of ) Tj ET Q q 0 0 0 rg BT 519.68 424.10 Td (the ) Tj ET Q q 0 0 0 rg BT 533.69 424.10 Td (control ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 412.10 Td (criteria, ) Tj ET Q q 0 0 0 rg BT 82.33 412.10 Td (Advanced ) Tj ET Q q 0 0 0 rg BT 124.81 412.10 Td (Emissions ) Tj ET Q q 0 0 0 rg BT 167.87 412.10 Td (Solutions, ) Tj ET Q q 0 0 0 rg BT 210.10 412.10 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 227.31 412.10 Td (and ) Tj ET Q q 0 0 0 rg BT 243.69 412.10 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 292.85 412.10 Td (has ) Tj ET Q q 0 0 0 rg BT 308.13 412.10 Td (not ) Tj ET Q q 0 0 0 rg BT 322.85 412.10 Td (maintained ) Tj ET Q q 0 0 0 rg BT 369.22 412.10 Td (ef) Tj ET Q q 0 0 0 rg BT 376.81 412.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 405.95 412.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 438.44 412.10 Td (control ) Tj ET Q q 0 0 0 rg BT 468.71 412.10 Td (over ) Tj ET Q q 0 0 0 rg BT 488.42 412.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 525.34 412.10 Td (reporting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 400.10 Td (as ) Tj ET Q q 0 0 0 rg BT 61.04 400.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.09 400.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 130.89 400.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 150.89 400.10 Td (, ) Tj ET Q q 0 0 0 rg BT 156.10 400.10 Td (based ) Tj ET Q q 0 0 0 rg BT 181.59 400.10 Td (on ) Tj ET Q q 0 0 0 rg BT 194.30 400.10 Td (criteria ) Tj ET Q q 0 0 0 rg BT 225.33 400.10 Td (established ) Tj ET Q q 0 0 0 rg BT 272.48 400.10 Td (in ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 282.97 400.10 Td (Internal ) Tj ET Q q 0 0 0 rg BT 317.90 400.10 Td (Contr) Tj ET Q q 0 0 0 rg BT 340.87 400.10 Td (ol ) Tj ET Q q 0 0 0 rg BT 351.36 400.10 Td (- ) Tj ET Q q 0 0 0 rg BT 357.41 400.10 Td (Integrated ) Tj ET Q q 0 0 0 rg BT 401.78 400.10 Td (Framework) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.44 400.10 Td ( ) Tj ET Q q 0 0 0 rg BT 451.15 400.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 478.87 400.10 Td (by ) Tj ET Q q 0 0 0 rg BT 491.58 400.10 Td (the ) Tj ET Q q 0 0 0 rg BT 506.51 400.10 Td (Committee ) Tj ET Q q 0 0 0 rg BT 553.67 400.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 388.10 Td (Sponsoring ) Tj ET Q q 0 0 0 rg BT 98.06 388.10 Td (Or) Tj ET Q q 0 0 0 rg BT 108.43 388.10 Td (ganizations ) Tj ET Q q 0 0 0 rg BT 156.47 388.10 Td (of ) Tj ET Q q 0 0 0 rg BT 167.30 388.10 Td (the ) Tj ET Q q 0 0 0 rg BT 181.84 388.10 Td (T) Tj ET Q q 0 0 0 rg BT 187.60 388.10 Td (readway ) Tj ET Q q 0 0 0 rg BT 223.96 388.10 Td (Commission ) Tj ET Q q 0 0 0 rg BT 277.03 388.10 Td (in ) Tj ET Q q 0 0 0 rg BT 287.31 388.10 Td (2013.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 364.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 364.10 Td (e ) Tj ET Q q 0 0 0 rg BT 66.19 364.10 Td (do ) Tj ET Q q 0 0 0 rg BT 79.30 364.10 Td (not ) Tj ET Q q 0 0 0 rg BT 95.19 364.10 Td (express ) Tj ET Q q 0 0 0 rg BT 128.29 364.10 Td (an ) Tj ET Q q 0 0 0 rg BT 140.83 364.10 Td (opinion ) Tj ET Q q 0 0 0 rg BT 174.50 364.10 Td (on ) Tj ET Q q 0 0 0 rg BT 187.61 364.10 Td (any ) Tj ET Q q 0 0 0 rg BT 205.16 364.10 Td (other ) Tj ET Q q 0 0 0 rg BT 228.82 364.10 Td (form ) Tj ET Q q 0 0 0 rg BT 251.37 364.10 Td (of ) Tj ET Q q 0 0 0 rg BT 262.81 364.10 Td (assurance ) Tj ET Q q 0 0 0 rg BT 304.79 364.10 Td (on ) Tj ET Q q 0 0 0 rg BT 317.90 364.10 Td (management) Tj ET Q q 0 0 0 rg BT 371.76 364.10 Td (s ) Tj ET Q q 0 0 0 rg BT 378.76 364.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 424.09 364.10 Td (referring ) Tj ET Q q 0 0 0 rg BT 462.17 364.10 Td (to ) Tj ET Q q 0 0 0 rg BT 473.06 364.10 Td (any ) Tj ET Q q 0 0 0 rg BT 490.61 364.10 Td (corrective ) Tj ET Q q 0 0 0 rg BT 533.69 364.10 Td (actions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 352.10 Td (taken ) Tj ET Q q 0 0 0 rg BT 74.16 352.10 Td (by ) Tj ET Q q 0 0 0 rg BT 86.66 352.10 Td (the ) Tj ET Q q 0 0 0 rg BT 101.37 352.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 142.76 352.10 Td (after ) Tj ET Q q 0 0 0 rg BT 163.57 352.10 Td (the ) Tj ET Q q 0 0 0 rg BT 178.29 352.10 Td (date ) Tj ET Q q 0 0 0 rg BT 197.45 352.10 Td (of ) Tj ET Q q 0 0 0 rg BT 208.28 352.10 Td (management) Tj ET Q q 0 0 0 rg BT 262.14 352.10 Td (s ) Tj ET Q q 0 0 0 rg BT 268.54 352.10 Td (assessment.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 328.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 328.10 Td (e ) Tj ET Q q 0 0 0 rg BT 65.52 328.10 Td (have ) Tj ET Q q 0 0 0 rg BT 86.85 328.10 Td (also ) Tj ET Q q 0 0 0 rg BT 105.40 328.10 Td (audited, ) Tj ET Q q 0 0 0 rg BT 139.79 328.10 Td (in ) Tj ET Q q 0 0 0 rg BT 150.01 328.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 197.42 328.10 Td (with ) Tj ET Q q 0 0 0 rg BT 217.65 328.10 Td (the ) Tj ET Q q 0 0 0 rg BT 232.31 328.10 Td (standards ) Tj ET Q q 0 0 0 rg BT 272.53 328.10 Td (of ) Tj ET Q q 0 0 0 rg BT 283.31 328.10 Td (the ) Tj ET Q q 0 0 0 rg BT 297.97 328.10 Td (Public ) Tj ET Q q 0 0 0 rg BT 325.97 328.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 366.77 328.10 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 415.87 328.10 Td (Oversight ) Tj ET Q q 0 0 0 rg BT 457.76 328.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 484.64 328.10 Td (\(United ) Tj ET Q q 0 0 0 rg BT 517.64 328.10 Td (States\), ) Tj ET Q q 0 0 0 rg BT 549.80 328.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 316.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 103.10 316.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 136.19 316.10 Td (sheets ) Tj ET Q q 0 0 0 rg BT 163.19 316.10 Td (of ) Tj ET Q q 0 0 0 rg BT 173.51 316.10 Td (Advanced ) Tj ET Q q 0 0 0 rg BT 216.60 316.10 Td (Emissions ) Tj ET Q q 0 0 0 rg BT 260.28 316.10 Td (Solutions, ) Tj ET Q q 0 0 0 rg BT 303.13 316.10 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 320.95 316.10 Td (and ) Tj ET Q q 0 0 0 rg BT 337.95 316.10 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 387.72 316.10 Td (as ) Tj ET Q q 0 0 0 rg BT 398.61 316.10 Td (of ) Tj ET Q q 0 0 0 rg BT 409.50 316.10 Td (December ) Tj ET Q q 0 0 0 rg BT 453.14 316.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 468.20 316.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 490.75 316.10 Td (and ) Tj ET Q q 0 0 0 rg BT 507.75 316.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 532.81 316.10 Td (and ) Tj ET Q q 0 0 0 rg BT 549.80 316.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 304.10 Td (related ) Tj ET Q q 0 0 0 rg BT 79.46 304.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 132.26 304.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 176.74 304.10 Td (of ) Tj ET Q q 0 0 0 rg BT 187.33 304.10 Td (operations, ) Tj ET Q q 0 0 0 rg BT 233.74 304.10 Td (stockholders) Tj ET Q q 0 0 0 rg BT 286.88 304.10 Td ( ) Tj ET Q q 0 0 0 rg BT 289.13 304.10 Td (deficit, ) Tj ET Q q 0 0 0 rg BT 319.44 304.10 Td (and ) Tj ET Q q 0 0 0 rg BT 336.13 304.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 356.16 304.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 380.64 304.10 Td (for ) Tj ET Q q 0 0 0 rg BT 394.56 304.10 Td (each ) Tj ET Q q 0 0 0 rg BT 415.14 304.10 Td (of ) Tj ET Q q 0 0 0 rg BT 425.73 304.10 Td (the ) Tj ET Q q 0 0 0 rg BT 440.21 304.10 Td (three ) Tj ET Q q 0 0 0 rg BT 462.45 304.10 Td (years ) Tj ET Q q 0 0 0 rg BT 485.81 304.10 Td (in ) Tj ET Q q 0 0 0 rg BT 495.85 304.10 Td (the ) Tj ET Q q 0 0 0 rg BT 510.32 304.10 Td (period ) Tj ET Q q 0 0 0 rg BT 538.13 304.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 292.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 108.58 292.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.58 292.10 Td ( ) Tj ET Q q 0 0 0 rg BT 131.08 292.10 Td (and ) Tj ET Q q 0 0 0 rg BT 148.02 292.10 Td (our ) Tj ET Q q 0 0 0 rg BT 163.85 292.10 Td (report ) Tj ET Q q 0 0 0 rg BT 190.23 292.10 Td (dated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 213.83 292.10 Td (April19, ) Tj ET Q q 0 0 0 rg BT 252.44 292.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.44 292.10 Td ( ) Tj ET Q q 0 0 0 rg BT 274.94 292.10 Td (expressed ) Tj ET Q q 0 0 0 rg BT 316.87 292.10 Td (an ) Tj ET Q q 0 0 0 rg BT 328.81 292.10 Td (unqualified ) Tj ET Q q 0 0 0 rg BT 376.85 292.10 Td (opinion.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 232.10 Td (/s/Hein ) Tj ET Q q 0 0 0 rg BT 81.39 232.10 Td (& ) Tj ET Q q 0 0 0 rg BT 91.11 232.10 Td (Associates ) Tj ET Q q 0 0 0 rg BT 136.38 232.10 Td (LLP) Tj ET Q q 0 0 0 rg BT 153.79 232.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 208.10 Td (Denver) Tj ET Q q 0 0 0 rg BT 79.03 208.10 Td (, ) Tj ET Q q 0 0 0 rg BT 84.03 208.10 Td (Colorado) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 196.10 Td (April19, ) Tj ET Q q 0 0 0 rg BT 88.61 196.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.61 196.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 158.10 Td (Item9B. Other) Tj ET Q q 0 0 0 rg BT 114.53 158.10 Td ( Information) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 141.10 Td (None.) Tj ET Q endstream endobj 269 0 obj <> endobj 270 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (131) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 285.90 742.25 Td (P) Tj ET Q q 0 0 0 rg BT 291.27 742.25 Td (AR) Tj ET Q q 0 0 0 rg BT 305.36 742.25 Td (T) Tj ET Q q 0 0 0 rg BT 311.85 742.25 Td ( III) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 721.25 Td (Item10. Dir) Tj ET Q q 0 0 0 rg BT 101.75 721.25 Td (ectors, Executive Officers, and Corporate Governance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 697.25 Td (The information required by this Item concerning the Company) Tj ET Q q 0 0 0 rg BT 307.15 697.25 Td (s Directors, Executive Of) Tj ET Q q 0 0 0 rg BT 408.60 697.25 Td (ficers, and corporate governance is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 685.25 Td (incorporated by reference to the information provided under the captions Proposal 1 - Election of Directors, Information ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 673.25 Td (about Executive Of) Tj ET Q q 0 0 0 rg BT 127.57 673.25 Td (ficers, and Corporate Governance in the Company) Tj ET Q q 0 0 0 rg BT 344.98 673.25 Td (s definitive proxy statement for the2016annual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 661.25 Td (meeting of stockholders to be filed within 120 days fromDecember31, 2015.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 637.25 Td (The information required by this Item concerning compliance with Section 16\(a\) of the Securities Exchange ) Tj ET Q q 0 0 0 rg BT 484.58 637.25 Td (Act of 1934 is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 625.25 Td (incorporated by reference to the information provided under the caption Section 16\(a\) Beneficial Ownership Reporting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 613.25 Td (Compliance in the Company) Tj ET Q q 0 0 0 rg BT 171.92 613.25 Td (s definitive proxy statement for the 2016annual meeting of stockholders to be filed within 120 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 601.25 Td (days fromDecember31, 2015.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 568.25 Td (Item1) Tj ET Q q 0 0 0 rg BT 76.94 568.25 Td (1. Executive Compensation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 544.25 Td (The information required by this Item is incorporated by reference to the information provided under the captions Executive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 532.25 Td (Compensation and Director Compensation in the Company) Tj ET Q q 0 0 0 rg BT 303.28 532.25 Td (s definitive proxy statement for the2016annual meeting of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 520.25 Td (stockholders to be filed within 120 days fromDecember31, 2015.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 482.25 Td (Item12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder) Tj ET Q q 0 0 0 rg BT 484.51 482.25 Td ( Matters.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 458.25 Td (The information required by this Item concerning security ownership of certain beneficial owners and management is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 446.25 Td (incorporated by reference to the information provided under the caption Security Ownership of Certain Beneficial Owners and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 434.25 Td (Management in the Company) Tj ET Q q 0 0 0 rg BT 175.80 434.25 Td (s definitive proxy statement for the2016annual meeting of stockholders to be filed within 120 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 422.25 Td (days fromDecember31, 2015.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 398.25 Td (Securities ) Tj ET Q q 0 0 0 rg BT 91.75 398.25 Td (Authorized for Issuance Under Equity Compensation Plans. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.51 398.25 Td (The Company has equity plans under which options and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 386.25 Td (shares of the Company common stock are authorized for grant or issuance as compensation to eligible employees, consultants, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 374.25 Td (and members of the Board of Directors. Our stockholders have approved these plans except for ) Tj ET Q q 0 0 0 rg BT 432.66 374.25 Td (Amendment Nos. 3 and 4 to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 362.25 Td (Company) Tj ET Q q 0 0 0 rg BT 91.67 362.25 Td (s ) Tj ET Q q 0 0 0 rg BT 97.50 362.25 Td (Amended and Restated 2007 Equity Incentive Plan, as amended. See ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.76 362.25 Td (Note 13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.70 362.25 Td ( Stock-Based Compensation included ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 350.25 Td (in Part II, Item 8 of this report for further information about the material terms of our equity compensation plans. ) Tj ET Q q 0 0 0 rg BT 504.14 350.25 Td (The following ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 338.25 Td (table is a summary of the shares of common stock authorized for issuance under the equity compensation plans as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 326.25 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.58 326.25 Td (:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 260.75 304.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 354.50 260.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 260.75 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 260.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 260.75 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 230.75 304.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 354.50 230.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 230.75 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 230.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 230.75 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 200.75 304.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 354.50 200.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 200.75 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 200.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 200.75 100.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 260.75 m 354.5 260.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 260.75 m 458.5 260.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 260.75 m 562.5 260.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 260.75 m 354.5 260.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 260.75 m 458.5 260.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 260.75 m 562.5 260.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 185.75 m 458.5 185.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 171.75 m 458.5 171.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 169.75 m 458.5 169.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 185.75 m 562.5 185.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 171.75 m 562.5 171.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 169.75 m 562.5 169.75 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 171.30 265.43 Td (Plan Category) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 363.65 275.43 Td (Number) Tj ET Q q 0 0 0 rg BT 399.02 275.43 Td ( of securities ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 394.90 265.43 Td (issued) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 467.65 305.43 Td (Number) Tj ET Q q 0 0 0 rg BT 503.02 305.43 Td ( of securities ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 469.70 295.43 Td (r) Tj ET Q q 0 0 0 rg BT 473.96 295.43 Td (emaining available ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 472.15 285.43 Td (for) Tj ET Q q 0 0 0 rg BT 484.74 285.43 Td ( futur) Tj ET Q q 0 0 0 rg BT 509.28 285.43 Td (e issuance ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 484.70 275.43 Td (under) Tj ET Q q 0 0 0 rg BT 510.08 275.43 Td ( equity ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 469.90 265.43 Td (compensation plans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 250.42 Td (Equity compensation plans approved by security holders:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 235.42 Td (Equity Incentive Compensation Plan) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 220.42 Td (2007 Plan) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.15 220.42 Td (492,878) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 220.42 Td (707,122) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 205.42 Td (2010 Plan) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.15 205.42 Td (370,382) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 205.42 Td (229,618) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 190.42 Td (401\(k\) Plan) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.15 190.42 Td (34,548) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 190.42 Td (565,452) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 175.42 Td (Total for Equity Incentive Compensation Plan) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.15 175.42 Td (897,808) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 175.42 Td (1,502,192) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 271 0 obj <> endobj 272 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (132) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Item13. Certain Relationships and Related ) Tj ET Q q 0 0 0 rg BT 236.76 742.25 Td (T) Tj ET Q q 0 0 0 rg BT 242.69 742.25 Td (ransactions and Dir) Tj ET Q q 0 0 0 rg BT 326.96 742.25 Td (ector) Tj ET Q q 0 0 0 rg BT 348.43 742.25 Td ( Independence.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.25 Td (The information required by this Item is incorporated by reference to the information provided under the captions Certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.25 Td (Relationships and Related ) Tj ET Q q 0 0 0 rg BT 156.74 706.25 Td (T) Tj ET Q q 0 0 0 rg BT 162.50 706.25 Td (ransactions and Corporate Governance in the Company) Tj ET Q q 0 0 0 rg BT 400.19 706.25 Td (s definitive proxy statement for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.25 Td (the2016annual meeting of stockholders to be filed within 120 days fromDecember31, 2015.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 656.25 Td (Item14. Principal ) Tj ET Q q 0 0 0 rg BT 128.88 656.25 Td (Accountant Fees and Services.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 632.25 Td (The information required by this Item is incorporated by reference to the information provided under the captions Independent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 620.25 Td (Registered Public ) Tj ET Q q 0 0 0 rg BT 122.77 620.25 Td (Accounting Firm and Audit Committee Preapproval Policy and Procedures in the Company) Tj ET Q q 0 0 0 rg BT 505.74 620.25 Td (s definitive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 608.25 Td (proxy statement for the2016annual meeting of stockholders to be filed within 120 days fromDecember31, 2015.) Tj ET Q endstream endobj 273 0 obj <> endobj 274 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (133) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Item15. Exhibits and Financial Statement Schedules.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 725.25 Td (\(a\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.00 725.25 Td (The following consolidated financial statements of ) Tj ET Q q 0 0 0 rg BT 281.95 725.25 Td (Advanced Emissions Solutions, Inc., are filed as part of this report ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.00 713.25 Td (under Item 8 - Financial Statements and Supplementary Data:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.00 696.25 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 104.00 696.25 Td (Financial Statements see Index to Consolidated Financial Statements in Item 8;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.00 679.25 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 104.00 679.25 Td (Financial Statement Schedules ) Tj ET Q q 0 0 0 rg BT 236.20 679.25 Td (All schedules are omitted because the required information is not applicable or is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 667.25 Td (not present in amounts suf) Tj ET Q q 0 0 0 rg BT 209.36 667.25 Td (ficient to require submission of the schedule or because the information required is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 655.25 Td (included in the Consolidated Financial Statements and Notes thereto; and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.00 638.25 Td (\(3\) ) Tj ET Q q 0 0 0 rg BT 104.00 638.25 Td (Exhibits ) Tj ET Q q 0 0 0 rg BT 147.15 638.25 Td (Those exhibits required by Item 601 of Regulation S-K and by paragraph \(b\) below) Tj ET Q q 0 0 0 rg BT 480.59 638.25 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 621.25 Td (\(b\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.00 621.25 Td (The following exhibits are filed as part of this report or) Tj ET Q q 0 0 0 rg BT 297.09 621.25 Td (, where indicated, were heretofore filed and are hereby ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.00 609.25 Td (incorporated by reference:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 564.75 m 83.5 564.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 83.5 564.75 m 87.5 564.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 87.5 564.75 m 315.5 564.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315.5 564.75 m 319.5 564.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 564.75 m 352.5 564.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 564.75 m 356.5 564.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356.5 564.75 m 412.5 564.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 564.75 m 416.5 564.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 564.75 m 470.5 564.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470.5 564.75 m 474.5 564.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474.5 564.75 m 561.5 564.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.30 576.98 Td (Exhibit) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 60.10 568.98 Td (No.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 181.20 568.98 Td (Description) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 325.90 568.98 Td (Form) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 370.65 568.98 Td (File No.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 420.30 584.98 Td (Incorporated) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 420.75 576.98 Td (by Reference) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 429.30 568.98 Td ( Exhibit) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 498.50 568.98 Td (Filing Date) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 60.35 556.01 Td (3.1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 94.50 556.01 Td (Second ) Tj ET Q q 0 0 0 rg BT 122.75 556.01 Td (Amended and Restated Certificate of Incorporation ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 131.25 547.01 Td (of ) Tj ET Q q 0 0 0 rg BT 140.50 547.01 Td (Advanced Emissions Solutions, Inc.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 326.25 556.01 Td (10-Q) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.50 556.01 Td (000-54992) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 437.35 556.01 Td (3.1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 489.85 556.01 Td (August 9, 2013) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 60.35 533.01 Td (3.2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 116.60 533.01 Td (Bylaws of ) Tj ET Q q 0 0 0 rg BT 155.10 533.01 Td (Advanced Emissions Solutions, Inc.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 326.25 533.01 Td (10-Q) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.50 533.01 Td (000-54992) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 437.35 533.01 Td (3.2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 489.85 533.01 Td (August 9, 2013) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 60.35 519.01 Td (3.3) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 92.40 519.01 Td (Certificate of Designation, Preferences, and Rights of Series ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 108.25 510.01 Td (A) Tj ET Q q 0 0 0 rg BT 114.25 510.01 Td ( Junior Participating Preferred Stock of ) Tj ET Q q 0 0 0 rg BT 257.22 510.01 Td (Advanced ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 155.20 501.01 Td (Emissions Solutions, Inc.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 328.50 519.01 Td (8-K) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.50 519.01 Td (000-54992) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 437.35 519.01 Td (3.1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 486.60 519.01 Td (February 2, 2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 60.35 487.01 Td (3.4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 103.60 487.01 Td (Amendment #1 to the Bylaws of ) Tj ET Q q 0 0 0 rg BT 222.59 487.01 Td (Advanced Emissions ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 127.60 478.01 Td (Solutions, Inc., dated as of July 23, 2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 328.50 487.01 Td (8-K) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.50 487.01 Td (000-54992) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 437.35 487.01 Td (3.1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 493.10 487.01 Td (July 29, 2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 60.35 464.01 Td (4.1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 118.10 464.01 Td (Form of Specimen Common Stock Certificate) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 326.25 464.01 Td (10-Q) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.50 464.01 Td (000-54992) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 437.35 464.01 Td (4.1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 489.85 464.01 Td (August 9, 2013) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 60.35 450.01 Td (4.2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 91.25 450.01 Td (Standstill and Registration Rights ) Tj ET Q q 0 0 0 rg BT 214.25 450.01 Td (Agreement between ) Tj ET Q q 0 0 0 rg BT 288.22 450.01 Td (ADA-) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 102.25 441.01 Td (ES, Inc. and ) Tj ET Q q 0 0 0 rg BT 147.99 441.01 Td (Arch Coal, Inc. dated September 19, 2003) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 329.50 450.01 Td (10-) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 326.70 441.01 Td (KSB) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.50 450.01 Td (000-50216) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 437.35 450.01 Td (4.3) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 488.85 450.01 Td (March 30, 2006) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 60.35 427.01 Td (4.3) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 106.60 427.01 Td (Profit Sharing Retirement Plan ) Tj ET Q q 0 0 0 rg BT 219.59 427.01 Td (Adoption ) Tj ET Q q 0 0 0 rg BT 255.34 427.01 Td (Agreement) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 329.20 427.01 Td (S-8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 362.25 427.01 Td (333-159715) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 437.35 427.01 Td (4.1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.60 427.01 Td (June 3, 2009) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 60.35 413.01 Td (4.4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 92.10 413.01 Td (American Funds Distributors, Inc. Non-standardized 401\(K\) ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 192.95 404.01 Td (Plan) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 329.20 413.01 Td (S-8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 362.25 413.01 Td (333-159715) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 437.35 413.01 Td (4.1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.60 413.01 Td (June 3, 2009) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 60.35 390.01 Td (4.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 99.60 390.01 Td (American Funds Distributors, Inc. Defined Contribution ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 156.35 381.01 Td (Prototype Plan and ) Tj ET Q q 0 0 0 rg BT 226.93 381.01 Td (T) Tj ET Q q 0 0 0 rg BT 232.11 381.01 Td (rust) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 329.20 390.01 Td (S-8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 362.25 390.01 Td (333-159715) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 437.35 390.01 Td (4.2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.60 390.01 Td (June 3, 2009) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 60.35 367.01 Td (4.6) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 131.45 367.01 Td (ADA) Tj ET Q q 0 0 0 rg BT 150.45 367.01 Td ( Insider ) Tj ET Q q 0 0 0 rg BT 179.78 367.01 Td (T) Tj ET Q q 0 0 0 rg BT 184.96 367.01 Td (rading Policy ) Tj ET Q q 0 0 0 rg BT 234.96 367.01 Td (Appendix) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 326.25 367.01 Td (10-K) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.50 367.01 Td (000-50216) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 437.35 367.01 Td (4.9) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 489.00 367.01 Td (March 28, 2011) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 60.35 353.01 Td (4.7) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 115.10 353.01 Td (Employer Stock ) Tj ET Q q 0 0 0 rg BT 175.09 353.01 Td (Addendum to ) Tj ET Q q 0 0 0 rg BT 226.43 353.01 Td (T) Tj ET Q q 0 0 0 rg BT 231.61 353.01 Td (rust ) Tj ET Q q 0 0 0 rg BT 246.86 353.01 Td (Agreement) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 329.20 353.01 Td (S-8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 362.25 353.01 Td (333-159715) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 437.35 353.01 Td (4.4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.60 353.01 Td (June 3, 2009) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 60.35 339.01 Td (4.8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 95.00 339.01 Td (Registration Rights ) Tj ET Q q 0 0 0 rg BT 166.50 339.01 Td (Agreement between ) Tj ET Q q 0 0 0 rg BT 240.47 339.01 Td (ADA-ES, Inc. and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 132.60 330.01 Td (Arch Coal, Inc. dated March 23, 2010) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 326.25 339.01 Td (10-Q) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.50 339.01 Td (000-50216) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 437.35 339.01 Td (4.1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 492.35 339.01 Td (May 13, 2010) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 60.35 316.01 Td (4.9) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 94.85 316.01 Td (Stockholder ) Tj ET Q q 0 0 0 rg BT 140.10 316.01 Td (Agreement dated July7, 2003, between ) Tj ET Q q 0 0 0 rg BT 284.56 316.01 Td (ADA-) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 111.25 307.01 Td (ES, Inc., ) Tj ET Q q 0 0 0 rg BT 144.00 307.01 Td (Arch Coal, Inc., and Earth Sciences, Inc.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 328.50 316.01 Td (8-K) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.50 316.01 Td (000-50216) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 435.10 316.01 Td (4.12) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 481.50 316.01 Td (September 14, 2011) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.10 293.01 Td (4.10) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 101.35 293.01 Td (Rights ) Tj ET Q q 0 0 0 rg BT 126.61 293.01 Td (Agreement dated as of February 1, 2015, by and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 94.65 284.01 Td (between the Company and Computershare ) Tj ET Q q 0 0 0 rg BT 249.69 284.01 Td (T) Tj ET Q q 0 0 0 rg BT 254.87 284.01 Td (rust Company) Tj ET Q q 0 0 0 rg BT 305.04 284.01 Td (, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 93.75 275.01 Td (N.A., as rights agent, which includes as Exhibit B the Form ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 163.10 266.01 Td (of Rights Certificate.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 328.50 293.01 Td (8-K) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.50 293.01 Td (000-54992) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 437.35 293.01 Td (4.1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 486.60 293.01 Td (February 2, 2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.10 252.01 Td (10.1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 153.35 252.01 Td (2003 Stock Option Plan**) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 329.50 252.01 Td (10-) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 326.70 243.01 Td (KSB) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.50 252.01 Td (000-50216) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 435.10 252.01 Td (10.2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 488.85 252.01 Td (March 30, 2006) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.10 229.01 Td (10.2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 134.25 229.01 Td (2003 Stock Compensation Plan #1**) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 329.20 229.01 Td (S-8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 362.40 229.01 Td (333-1) Tj ET Q q 0 0 0 rg BT 383.06 229.01 Td (10479) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 435.10 229.01 Td (99.2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 481.60 229.01 Td (November 14, 2003) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.10 215.01 Td (10.3) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 95.50 215.01 Td (2004 Stock Compensation Plan #2 and model stock option ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 176.00 206.01 Td (agreements**) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 329.20 215.01 Td (S-8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 362.25 215.01 Td (333-121234) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 435.10 215.01 Td (99.3) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 482.10 215.01 Td (December 14, 2004) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.10 192.01 Td (10.4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 132.20 192.01 Td (2005 Directors) Tj ET Q q 0 0 0 rg BT 188.27 192.01 Td ( Compensation Plan**) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 329.50 192.01 Td (10-) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 326.70 183.01 Td (KSB) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.50 192.01 Td (000-50216) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.85 192.01 Td (10.29) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 488.85 192.01 Td (March 30, 2006) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.10 169.01 Td (10.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 97.00 169.01 Td (Amended and Restated 2007 Equity Incentive Plan, dated ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 166.60 160.01 Td (August 31, 2010**) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 326.25 169.01 Td (10-Q) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.50 169.01 Td (000-50216) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.85 169.01 Td (10.79) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 481.60 169.01 Td (November 12, 2010) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.10 146.01 Td (10.6) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 90.50 146.01 Td (Amendment No. 1 to the ) Tj ET Q q 0 0 0 rg BT 181.49 146.01 Td (Amended and Restated 2007 Equity ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 170.60 137.01 Td (Incentive Plan**) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 326.25 146.01 Td (10-K) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.50 146.01 Td (000-50216) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.85 146.01 Td (10.53) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 488.85 146.01 Td (March 15, 2012) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.10 123.01 Td (10.7) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 97.10 123.01 Td (Amendment No. 2 to ) Tj ET Q q 0 0 0 rg BT 174.84 123.01 Td (Amended and Restated 2007 Equity ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 147.25 114.01 Td (Incentive Plan, as amended**) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 328.50 123.01 Td (8-K) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.50 123.01 Td (000-54992) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 435.10 123.01 Td (10.1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 492.50 123.01 Td (June 11, 2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.10 100.01 Td (10.8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 97.10 100.01 Td (Amendment No. 3 to ) Tj ET Q q 0 0 0 rg BT 174.84 100.01 Td (Amended and Restated 2007 Equity ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 147.25 91.01 Td (Incentive Plan, as amended**) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 328.50 100.01 Td (8-K) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.50 100.01 Td (000-54992) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 435.10 100.01 Td (10.2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 492.50 100.01 Td (June 11, 2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.10 77.01 Td (10.9) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 97.10 77.01 Td (Amendment No. 4 to ) Tj ET Q q 0 0 0 rg BT 174.84 77.01 Td (Amended and Restated 2007 Equity ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 147.25 68.01 Td (Incentive Plan, as amended**) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 328.50 77.01 Td (8-K) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.50 77.01 Td (000-54992) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 435.10 77.01 Td (10.3) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 492.50 77.01 Td (June 11, 2015) Tj ET Q endstream endobj 275 0 obj <> endobj 276 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (134) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.30 731.73 Td (Exhibit) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 60.10 723.73 Td (No.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 181.20 723.73 Td (Description) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 325.90 723.73 Td (Form) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 370.65 723.73 Td (File No.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 420.30 739.73 Td (Incorporated) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 420.75 731.73 Td (by Reference) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 429.30 723.73 Td ( Exhibit) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 498.50 723.73 Td (Filing Date) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 55.85 710.76 Td (10.10) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 105.50 710.76 Td (Forms of agreements for use under the ) Tj ET 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55.85 664.76 Td (10.12) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 105.50 664.76 Td (Forms of agreements for use under the ) Tj ET Q q 0 0 0 rg BT 246.21 664.76 Td (Amended and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 105.60 655.76 Td (Restated 2010 Non-Management Compensation and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 149.50 646.76 Td (Incentive Plan, as amended*) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 55.85 632.76 Td (10.13) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 91.00 632.76 Td (General ) Tj ET Q q 0 0 0 rg BT 121.23 632.76 Td (Amendment of Company Plans as of ) Tj ET Q q 0 0 0 rg BT 255.72 632.76 Td (August 6, 2013) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 326.25 632.76 Td (10-Q) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.50 632.76 Td (000-54992) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.85 632.76 Td (10.64) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 481.60 632.76 Td (November 12, 2013) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 55.85 618.76 Td (10.14) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 90.00 618.76 Td (Amended and Restated Refined Coal ) Tj ET Q q 0 0 0 rg BT 225.22 618.76 Td (Activities Supplemental ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 106.35 609.76 Td (Compensation Plan for Employees, Contractors, and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 98.40 600.76 Td (Consultants of ) Tj ET Q q 0 0 0 rg BT 152.40 600.76 Td (ADA-ES, Inc. dated November 9, 201) Tj ET Q q 0 0 0 rg BT 290.04 600.76 Td (1**) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 326.25 618.76 Td (10-K) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.50 618.76 Td (000-50216) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.85 618.76 Td (10.51) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 488.85 618.76 Td (March 15, 2012) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 55.85 586.76 Td (10.15) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 159.10 586.76 Td ([Intentionally Omitted]) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 335.50 586.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 384.00 586.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 55.85 572.76 Td (10.16) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 91.50 572.76 Td (Employment ) Tj ET Q q 0 0 0 rg BT 139.75 572.76 Td (Agreement dated May 1, 1997 between C. Jean ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 94.10 563.76 Td (Bustard and ) Tj ET Q q 0 0 0 rg BT 139.10 563.76 Td (ADA) Tj ET Q q 0 0 0 rg BT 158.10 563.76 Td ( Environmental Solutions, LLC \(assigned ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 165.00 554.76 Td (to ) Tj ET Q q 0 0 0 rg BT 173.75 554.76 Td (ADA-ES, Inc.\)**) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 329.50 572.76 Td (10-) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 326.70 563.76 Td (KSB) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.50 572.76 Td (000-50216) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.85 572.76 Td (10.23) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 488.85 572.76 Td (March 30, 2005) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 55.85 540.76 Td (10.17) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 90.90 540.76 Td (Amendment to Employment ) Tj ET Q q 0 0 0 rg BT 195.14 540.76 Td (Agreement dated September 19, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 104.60 531.76 Td (2014 between C. Jean Bustard and ) Tj ET Q q 0 0 0 rg BT 230.82 531.76 Td (ADA-ES, Inc. and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 131.35 522.76 Td (Advanced Emissions Solutions, Inc.**) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 328.50 540.76 Td (8-K) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.50 540.76 Td (000-54992) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.85 540.76 Td (10.68) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 481.35 540.76 Td (September 22, 2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 55.85 508.76 Td (10.18) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 90.00 508.76 Td (Employment ) Tj ET Q q 0 0 0 rg BT 138.25 508.76 Td (Agreement dated May 1, 1997 between Michael ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 106.00 499.76 Td (D. Durham and ) Tj ET Q q 0 0 0 rg BT 163.49 499.76 Td (ADA) Tj ET Q q 0 0 0 rg BT 182.49 499.76 Td ( Environmental Solutions, LLC ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 146.85 490.76 Td (\(assigned to ) Tj ET Q q 0 0 0 rg BT 191.85 490.76 Td (ADA-ES, Inc.\)**) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 329.50 508.76 Td (10-) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 326.70 499.76 Td (KSB) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.50 508.76 Td (000-50216) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.85 508.76 Td (10.24) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 488.85 508.76 Td (March 30, 2005) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 55.85 476.76 Td (10.19) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 90.60 476.76 Td (Form of Employment ) Tj ET Q q 0 0 0 rg BT 170.35 476.76 Td (Agreement among each of Christine B. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 102.15 467.76 Td (Amrhein \(dated July 18, 201) Tj ET Q q 0 0 0 rg BT 205.05 467.76 Td (1\), Jonathan R. Lagarenne ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 90.65 458.76 Td (\(dated May 31, 2012\), Graham O. Mattison \(dated December ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 95.85 449.76 Td (21, 2013\), L. Heath Sampson \(dated ) Tj ET Q q 0 0 0 rg BT 228.08 449.76 Td (August 27, 2014\) and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 90.25 440.76 Td (Rachel ) Tj ET Q q 0 0 0 rg BT 116.99 440.76 Td (A. Smith \(dated January 31, 2014\), ) Tj ET Q q 0 0 0 rg BT 245.22 440.76 Td (ADA-ES, Inc. and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 131.35 431.76 Td (Advanced Emissions Solutions, Inc.**) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 326.25 476.76 Td (10-K) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.50 476.76 Td (000-54992) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.85 476.76 Td (10.19) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.35 476.76 Td (February 29, 2016) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 55.85 417.76 Td (10.20) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 102.50 417.76 Td (Form of ) Tj ET Q q 0 0 0 rg BT 133.50 417.76 Td (Amendment to Employment ) Tj ET Q q 0 0 0 rg BT 237.74 417.76 Td (Agreement dated ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 99.85 408.76 Td (August 26, 2014 between each of Christine B. ) Tj ET Q q 0 0 0 rg BT 267.82 408.76 Td (Amrhein, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 97.75 399.76 Td (Michael D. Durham, Graham O. Mattison and Sharon M. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 103.10 390.76 Td (Sjostrom and ) Tj ET Q q 0 0 0 rg BT 154.85 390.76 Td (ADA-ES, Inc. and ) Tj ET Q q 0 0 0 rg BT 223.09 390.76 Td (Advanced Emissions ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 170.35 381.76 Td (Solutions, Inc.**) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 328.50 417.76 Td (8-K) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.50 417.76 Td (000-54992) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.85 417.76 Td (10.67) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 483.60 417.76 Td (September 2, 2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 55.85 367.76 Td (10.21) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 99.50 367.76 Td (Rider to Employment ) Tj ET Q q 0 0 0 rg BT 179.24 367.76 Td (Agreement dated ) Tj ET Q q 0 0 0 rg BT 242.72 367.76 Td (August 27, 2014 ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 95.65 358.76 Td (between Heath Sampson and ) Tj ET Q q 0 0 0 rg BT 201.62 358.76 Td (ADA-ES, Inc. and ) Tj ET Q q 0 0 0 rg BT 269.86 358.76 Td (Advanced ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 150.70 349.76 Td (Emissions Solutions, Inc.**) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 328.50 367.76 Td (8-K) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.50 367.76 Td (000-54992) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.85 367.76 Td (10.66) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 483.60 367.76 Td (September 2, 2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 55.85 335.76 Td (10.22) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 102.50 335.76 Td (Form of ) Tj ET Q q 0 0 0 rg BT 133.50 335.76 Td (Amendment to Employment ) Tj ET Q q 0 0 0 rg BT 237.74 335.76 Td (Agreement dated ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 92.00 326.76 Td (September 19, 2014 between each of Jonathan R. Lagarenne ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 102.85 317.76 Td (and Rachel ) Tj ET Q q 0 0 0 rg BT 144.84 317.76 Td (A. Smith and ) Tj ET Q q 0 0 0 rg BT 194.34 317.76 Td (ADA-ES, Inc. and ) Tj ET Q q 0 0 0 rg BT 262.58 317.76 Td (Advanced ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 150.70 308.76 Td (Emissions Solutions, Inc.**) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 328.50 335.76 Td (8-K) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.50 335.76 Td (000-54992) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.85 335.76 Td (10.69) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 481.35 335.76 Td (September 22, 2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 55.85 294.76 Td (10.23) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 100.15 294.76 Td (Employment ) Tj ET Q q 0 0 0 rg BT 148.40 294.76 Td (Agreement dated January 1, 2000 between ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 91.10 285.76 Td (Richard J. Schlager and ) Tj ET Q q 0 0 0 rg BT 178.33 285.76 Td (ADA) Tj ET Q q 0 0 0 rg BT 197.33 285.76 Td ( Environmental Solutions, LLC ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 146.85 276.76 Td (\(assigned to ) Tj ET Q q 0 0 0 rg BT 191.85 276.76 Td (ADA-ES, Inc.\)**) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 329.50 294.76 Td (10-) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 326.70 285.76 Td (KSB) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.50 294.76 Td (000-50216) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.85 294.76 Td (10.26) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 488.85 294.76 Td (March 30, 2005) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 55.85 262.76 Td (10.24) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 100.15 262.76 Td (Employment ) Tj ET Q q 0 0 0 rg BT 148.40 262.76 Td (Agreement dated January 2, 2000 between ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 99.50 253.76 Td (Mark H. McKinnies and ) Tj ET Q q 0 0 0 rg BT 189.24 253.76 Td (ADA) Tj ET Q q 0 0 0 rg BT 208.24 253.76 Td ( Environmental Solutions, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 137.25 244.76 Td (LLC \(assigned to ) Tj ET Q q 0 0 0 rg BT 201.49 244.76 Td (ADA-ES, Inc.\)**) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 329.50 262.76 Td (10-) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 326.70 253.76 Td (KSB) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.50 262.76 Td (000-50216) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.85 262.76 Td (10.25) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 488.85 262.76 Td (March 30, 2005) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 55.85 230.76 Td (10.25) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 102.40 230.76 Td (Employment ) Tj ET Q q 0 0 0 rg BT 150.65 230.76 Td (Agreement dated March 1, 2003 between ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 99.45 221.76 Td (Sharon M. Sjostrom and ) Tj ET Q q 0 0 0 rg BT 189.20 221.76 Td (ADA) Tj ET Q q 0 0 0 rg BT 208.21 221.76 Td ( Environmental Solutions, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 137.25 212.76 Td (LLC \(assigned to ) Tj ET Q q 0 0 0 rg BT 201.49 212.76 Td (ADA-ES, Inc.\)**) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 326.25 230.76 Td (10-K) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.50 230.76 Td (000-50216) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.85 230.76 Td (10.34) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 488.85 230.76 Td (March 27, 2007) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 55.85 198.76 Td (10.26) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 97.35 198.76 Td (Amendment to Employment ) Tj ET Q q 0 0 0 rg BT 201.59 198.76 Td (Agreement dated ) Tj ET Q q 0 0 0 rg BT 265.06 198.76 Td (August 26, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 96.60 189.76 Td (2014 between Sharon M. Sjostrom and ) Tj ET Q q 0 0 0 rg BT 238.84 189.76 Td (ADA-ES, Inc. and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 131.35 180.76 Td (Advanced Emissions Solutions, Inc.**) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 328.50 198.76 Td (8-K) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.50 198.76 Td (000-54992) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.85 198.76 Td (10.67) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 483.60 198.76 Td (September 2, 2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 55.85 166.76 Td (10.27) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 92.90 166.76 Td (Employment ) Tj ET Q q 0 0 0 rg BT 141.15 166.76 Td (Agreement dated November 28, 2005 between ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 135.75 157.76 Td (Richard Miller and ) Tj ET Q q 0 0 0 rg BT 205.98 157.76 Td (ADA-ES, Inc.**) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 326.25 166.76 Td (10-K) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.50 166.76 Td (000-50216) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.85 166.76 Td (10.39) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 488.85 166.76 Td (March 14, 2008) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 55.85 143.76 Td (10.28) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 100.15 143.76 Td (Employment ) Tj ET Q q 0 0 0 rg BT 148.40 143.76 Td (Agreement dated January 1, 2008 between ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 127.50 134.76 Td (Cameron E. Martin and ) Tj ET Q q 0 0 0 rg BT 214.23 134.76 Td (ADA-ES, Inc.**) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 326.25 143.76 Td (10-K) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.50 143.76 Td (000-50216) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.85 143.76 Td (10.43) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 488.85 143.76 Td (March 14, 2008) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 55.85 120.76 Td (10.29) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 94.85 120.76 Td (Retirement and Non-Competition ) Tj ET Q q 0 0 0 rg BT 217.58 120.76 Td (Agreement dated ) Tj ET Q q 0 0 0 rg BT 281.06 120.76 Td (August ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 97.50 111.76 Td (26, 2014 between Mark H. McKinnies and ) Tj ET Q q 0 0 0 rg BT 253.22 111.76 Td (ADA-ES, Inc. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 124.00 102.76 Td (and ) Tj ET Q q 0 0 0 rg BT 138.75 102.76 Td (Advanced Emissions Solutions, Inc.**) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 328.50 120.76 Td (8-K) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.50 120.76 Td (000-54992) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.85 120.76 Td (10.65) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 483.60 120.76 Td (September 2, 2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 55.85 88.76 Td (10.30) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 91.50 88.76 Td (Severance ) Tj ET Q q 0 0 0 rg BT 130.23 88.76 Td (Agreement dated ) Tj ET Q q 0 0 0 rg BT 193.70 88.76 Td (April 30, 2015 between Michael ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 102.60 79.76 Td (D. Durham and ) Tj ET Q q 0 0 0 rg BT 160.09 79.76 Td (Advanced Emissions Solutions, Inc.**) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 328.50 88.76 Td (8-K) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.50 88.76 Td (000-54992) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 435.10 88.76 Td (10.1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.60 88.76 Td (May 6, 2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 55.85 65.76 Td (10.31) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 106.00 65.76 Td (W) Tj ET Q q 0 0 0 rg BT 113.77 65.76 Td (aiver and Release ) Tj ET Q q 0 0 0 rg BT 178.99 65.76 Td (Agreement between Jonathan R. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 103.85 56.76 Td (Lagarenne and ) Tj ET Q q 0 0 0 rg BT 158.82 56.76 Td (Advanced Emissions Solutions, Inc.**) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 326.25 65.76 Td (10-K) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.50 65.76 Td (000-54992) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.85 65.76 Td (10.31) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.35 65.76 Td (February 29, 2016) Tj ET Q endstream endobj 277 0 obj <> endobj 278 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (135) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.30 731.73 Td (Exhibit) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 60.10 723.73 Td (No.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 181.20 723.73 Td (Description) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 325.90 723.73 Td (Form) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 370.65 723.73 Td (File No.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 420.30 739.73 Td (Incorporated) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 420.75 731.73 Td (by Reference) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 429.30 723.73 Td ( Exhibit) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 498.50 723.73 Td (Filing Date) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 55.85 710.76 Td (10.32) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 92.00 710.76 Td (Purchase and Sale ) Tj ET Q q 0 0 0 rg BT 159.23 710.76 Td (Agreement dated as of November 3, 2006 ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 96.00 701.76 Td (by and among ) Tj ET Q q 0 0 0 rg BT 148.74 701.76 Td (ADA-ES, Inc., NexGen Refined Coal, LLC ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 92.00 692.76 Td (and Clean Coal Solutions, LLC \(f/k/a ) Tj ET Q q 0 0 0 rg BT 228.74 692.76 Td (ADA-NexCoal, LLC\).) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 326.25 710.76 Td (10-Q) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.50 710.76 Td (000-50216) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 435.10 710.76 Td (10.3) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 483.85 710.76 Td (November 8, 2006) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 55.85 678.76 Td (10.33) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 94.50 678.76 Td (First ) Tj ET Q q 0 0 0 rg BT 112.76 678.76 Td (Amendment to Purchase and Sale ) Tj ET Q q 0 0 0 rg BT 235.98 678.76 Td (Agreement dated as ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 96.10 669.76 Td (of ) Tj ET Q q 0 0 0 rg BT 105.35 669.76 Td (August 26, 2009 by and among ) Tj ET Q q 0 0 0 rg BT 220.10 669.76 Td (ADA-ES, Inc., NexGen ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 96.60 660.76 Td (Refined Coal, LLC, and Clean Coal Solutions, LLC \(f/k/a ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 161.50 651.76 Td (ADA-NexCoal, LLC\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 326.25 678.76 Td (10-K) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.50 678.76 Td (000-50216) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.85 678.76 Td (10.64) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 488.85 678.76 Td (March 29, 2010) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 55.85 637.76 Td (10.34) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 100.25 637.76 Td (Second ) Tj ET Q q 0 0 0 rg BT 128.50 637.76 Td (Amended and Restated Operating ) Tj ET Q q 0 0 0 rg BT 251.96 637.76 Td (Agreement of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 100.65 628.76 Td (Clean Coal Solutions, LLC dated May 27, 201) Tj ET Q q 0 0 0 rg BT 268.05 628.76 Td (1, by and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 97.95 619.76 Td (among Clean Coal Solutions, LLC, ) Tj ET Q q 0 0 0 rg BT 226.70 619.76 Td (ADA-ES, Inc., GSFS ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 99.10 610.76 Td (Investments I Corp. and NexGen Refined Coal, LLC***) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 322.00 637.76 Td (10-Q/A) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.50 637.76 Td (000-50216) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.85 637.76 Td (10.33) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 481.50 637.76 Td (September 28, 2011) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 55.85 596.76 Td (10.35) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 93.25 596.76 Td (The First ) Tj ET Q q 0 0 0 rg BT 127.75 596.76 Td (Amendment to the Second ) Tj ET Q q 0 0 0 rg BT 225.24 596.76 Td (Amended and Restated ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 92.75 587.76 Td (Operating ) Tj ET Q q 0 0 0 rg BT 130.49 587.76 Td (Agreement of Clean Coal Solutions, LLC, by and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 97.95 578.76 Td (among Clean Coal Solutions, LLC, ) Tj ET Q q 0 0 0 rg BT 226.70 578.76 Td (ADA-ES, Inc., GSFS ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 95.00 569.76 Td (Investments I Corp. and NexGen Refined Coal, LLC dated ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 167.25 560.76 Td (September 9, 201) Tj ET Q q 0 0 0 rg BT 230.15 560.76 Td (1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 326.25 596.76 Td (10-Q) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.50 596.76 Td (000-50216) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.85 596.76 Td (10.89) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 481.75 596.76 Td (November 14, 2011) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 55.85 546.76 Td (10.36) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 96.35 546.76 Td (Second ) Tj ET Q q 0 0 0 rg BT 124.60 546.76 Td (Amendment to the Second ) Tj ET Q q 0 0 0 rg BT 222.08 546.76 Td (Amended and Restated ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 93.85 537.76 Td (Operating ) Tj ET Q q 0 0 0 rg BT 131.59 537.76 Td (Agreement of Clean Coal Solutions, LLC by and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 101.60 528.76 Td (among ) Tj ET Q q 0 0 0 rg BT 127.85 528.76 Td (ADA-ES, Inc., NexGen Refined Coal, LLC and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 117.10 519.76 Td (GSFS Investments I Corp. dated July 31, 2012) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 326.25 546.76 Td (10-Q) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.50 546.76 Td (000-50216) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.85 546.76 Td (10.59) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 483.85 546.76 Td (November 9, 2012) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 55.85 505.76 Td (10.37) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 91.90 505.76 Td (Contribution ) Tj ET Q q 0 0 0 rg BT 139.66 505.76 Td (Agreement dated May 27, 201) Tj ET Q q 0 0 0 rg BT 249.04 505.76 Td (1 between ) Tj ET Q q 0 0 0 rg BT 287.53 505.76 Td (ADA-) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 127.10 496.76 Td (ES, Inc. and NexGen Refined Coal, LLC) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 326.25 505.76 Td (10-Q) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.50 505.76 Td (000-50216) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.85 505.76 Td (10.87) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 487.75 505.76 Td (August 12, 2011) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 55.85 482.76 Td (10.38) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 108.60 482.76 Td (Amended and Restated Limited Liability Company ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 105.15 473.76 Td (Operating ) Tj ET Q q 0 0 0 rg BT 142.89 473.76 Td (Agreement by and between ) Tj ET Q q 0 0 0 rg BT 243.35 473.76 Td (ADA-ES, Inc., ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 103.25 464.76 Td (NexGen Refined Coal, LLC and Clean Coal Solutions ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 127.10 455.76 Td (Services, LLC dated November 20, 2013) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 326.25 482.76 Td (10-K) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.50 482.76 Td (000-54992) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.85 482.76 Td (10.38) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.35 482.76 Td (February 29, 2016) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 55.85 441.76 Td (10.39) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 94.50 441.76 Td (Second ) Tj ET Q q 0 0 0 rg BT 122.75 441.76 Td (Amended and Restated Limited Liability Company ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 100.15 432.76 Td (Agreement of RCM6, 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432.85 409.76 Td (10.77) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 487.60 409.76 Td (August 16, 2010) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 55.85 377.76 Td (10.41) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 100.60 377.76 Td (First ) Tj ET Q q 0 0 0 rg BT 118.86 377.76 Td (Amendment to the ) Tj ET Q q 0 0 0 rg BT 187.60 377.76 Td (Amended and Restated License ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 90.25 368.76 Td (Agreement between ) Tj ET Q q 0 0 0 rg BT 164.22 368.76 Td (ADA-ES, Inc. and Clean Coal Solutions, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 143.35 359.76 Td (LLC dated as of ) Tj ET Q q 0 0 0 rg BT 203.34 359.76 Td (August 4, 2010) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 326.25 377.76 Td (10-Q) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.50 377.76 Td (000-50216) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.85 377.76 Td (10.81) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 489.00 377.76 Td (March 28, 2011) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 55.85 345.76 Td (10.42) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 102.25 345.76 Td (Second ) Tj ET Q q 0 0 0 rg BT 130.50 345.76 Td (Amendment to ) Tj ET Q q 0 0 0 rg BT 185.99 345.76 Td (Amended and Restated License ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 96.25 336.76 Td (Agreement by and between ) Tj ET Q q 0 0 0 rg BT 196.71 336.76 Td (ADA-ES, Inc. and Clean Coal ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 120.35 327.76 Td (Solutions, LLC dated as of July 23, 2013***) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 326.25 345.76 Td (10-Q) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.50 345.76 Td (000-54992) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.85 345.76 Td (10.63) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 481.60 345.76 Td (November 12, 2013) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 55.85 313.76 Td (10.43) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 94.55 313.76 Td (T) Tj ET Q q 0 0 0 rg BT 99.42 313.76 Td (echnology Sublicense ) Tj ET Q q 0 0 0 rg BT 179.90 313.76 Td (Agreement between ) Tj ET Q q 0 0 0 rg BT 253.87 313.76 Td (ADA-ES, Inc., ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 96.75 304.76 Td (Clean Coal Solutions, LLC, and GS RC Investments LLC ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 165.00 295.76 Td (dated June 29, 2010) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 326.25 313.76 Td (10-Q) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.50 313.76 Td (000-50216) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.85 313.76 Td (10.74) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 487.60 313.76 Td (August 16, 2010) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 55.85 281.76 Td (10.44) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 94.30 281.76 Td (Amendment to ) Tj ET Q q 0 0 0 rg BT 150.13 281.76 Td (T) Tj ET Q q 0 0 0 rg BT 155.00 281.76 Td (echnology Sublicense ) Tj ET Q q 0 0 0 rg BT 235.48 281.76 Td (Agreement between ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 96.60 272.76 Td (ADA-ES, Inc., GS RC Investments, LLC, and Clean Coal ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 118.80 263.76 Td (Solutions, LLC dated November 21, 201) Tj ET Q q 0 0 0 rg BT 265.20 263.76 Td (1***) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 326.25 281.76 Td (10-K) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.50 281.76 Td (000-54992) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.85 281.76 Td (10.44) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.35 281.76 Td (February 29, 2016) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 55.85 249.76 Td (10.45) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 104.75 249.76 Td (Amendment #2 to ) Tj ET Q q 0 0 0 rg BT 171.83 249.76 Td (T) Tj ET Q q 0 0 0 rg BT 176.70 249.76 Td (echnology Sublicense ) Tj ET Q q 0 0 0 rg BT 257.18 249.76 Td (Agreement ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 92.00 240.76 Td (between ) Tj ET Q q 0 0 0 rg BT 123.74 240.76 Td (ADE-ES, Inc, GS RC Investments, LLC, and Clean ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 116.40 231.76 Td (Coal Solutions, LLC dated December 15, 201) Tj ET Q q 0 0 0 rg BT 281.04 231.76 Td (1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 326.25 249.76 Td (10-K) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.50 249.76 Td (000-50216) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.85 249.76 Td (10.49) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 488.85 249.76 Td (March 15, 2012) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 55.85 217.76 Td (10.46) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 98.05 217.76 Td (Exclusive Right to Lease ) Tj ET Q q 0 0 0 rg BT 190.03 217.76 Td (Agreement dated May 27, 201) Tj ET Q q 0 0 0 rg BT 299.42 217.76 Td (1 ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 90.85 208.76 Td (between Clean Coal Solutions, LLC and GSFS Investments I ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 185.25 199.76 Td (Corp***) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 322.00 217.76 Td (10-Q/A) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.50 217.76 Td (000-50216) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.85 217.76 Td (10.84) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 481.50 217.76 Td (September 28, 2011) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 55.85 185.76 Td (10.47) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 102.80 185.76 Td (Class B Unit Purchase ) Tj ET Q q 0 0 0 rg BT 185.30 185.76 Td (Agreement dated May 27, 201) Tj ET Q q 0 0 0 rg BT 294.68 185.76 Td (1 ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 90.85 176.76 Td (between Clean Coal Solutions, LLC and GSFS Investments I ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 192.00 167.76 Td (Corp) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 322.00 185.76 Td (10-Q/A) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.50 185.76 Td (000-50216) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.85 185.76 Td (10.85) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 481.50 185.76 Td (September 28, 2011) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 55.85 153.76 Td (10.48) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 98.75 153.76 Td (ADA-ES, Inc. Limited Guaranty for the benefit of GSFS ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 128.40 144.76 Td (Investments I Corp. dated May 27, 201) Tj ET Q q 0 0 0 rg BT 269.04 144.76 Td (1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 326.25 153.76 Td (10-Q) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.50 153.76 Td (000-50216) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.85 153.76 Td (10.86) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 487.75 153.76 Td (August 12, 2011) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 55.85 130.76 Td (10.49) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 96.60 130.76 Td (ADA-ES, Inc. Limited Guaranty for the benefit of GS RC ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 121.90 121.76 Td (Investments LLC dated November 21, 201) Tj ET Q q 0 0 0 rg BT 275.53 121.76 Td (1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 326.25 130.76 Td (10-K) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.50 130.76 Td (000-50216) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.85 130.76 Td (10.44) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 488.85 130.76 Td (March 15, 2012) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 55.85 107.76 Td (10.50) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 96.60 107.76 Td (ADA-ES, Inc. Limited Guaranty for the benefit of GS RC ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 122.40 98.76 Td (Investments LLC dated December 15, 201) Tj ET Q q 0 0 0 rg BT 275.02 98.76 Td (1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 326.25 107.76 Td (10-K) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.50 107.76 Td (000-50216) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 435.10 107.76 Td (10.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 488.85 107.76 Td (March 15, 2012) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 55.85 84.76 Td (10.51) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 97.40 84.76 Td (Agreement to Lease between Clean Coal Solutions, LLC, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 97.60 75.76 Td (AEC-NM, LLC, ) Tj ET Q q 0 0 0 rg BT 158.60 75.76 Td (AEC-TH, LLC, and GS RC Investments ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 155.35 66.76 Td (LLC dated June 29, 2010) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 326.25 84.76 Td (10-Q) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.50 84.76 Td (000-50216) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.85 84.76 Td (10.76) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 487.60 84.76 Td (August 16, 2010) Tj ET Q endstream endobj 279 0 obj <> endobj 280 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (136) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.30 731.73 Td (Exhibit) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 60.10 723.73 Td (No.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 181.20 723.73 Td (Description) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 325.90 723.73 Td (Form) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 370.65 723.73 Td (File No.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 420.30 739.73 Td (Incorporated) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 420.75 731.73 Td (by Reference) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 429.30 723.73 Td ( Exhibit) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 498.50 723.73 Td (Filing Date) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 55.85 710.76 Td (10.52) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 102.40 710.76 Td (Amendment to ) Tj ET Q q 0 0 0 rg BT 157.89 710.76 Td (Agreement to Lease among Clean Coal ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 90.70 701.76 Td (Solutions, LLC, ) Tj ET Q q 0 0 0 rg BT 150.21 701.76 Td (AEC-NM, LLC, ) Tj ET Q q 0 0 0 rg BT 211.21 701.76 Td (AEC-TH, LLC, and GS RC ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 144.55 692.76 Td (Investments dated May 9, 201) Tj ET Q q 0 0 0 rg BT 252.95 692.76 Td (1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 326.25 710.76 Td (10-K) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.50 710.76 Td (000-50216) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.85 710.76 Td (10.47) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 488.85 710.76 Td (March 18, 2013) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 55.85 678.76 Td (10.53) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 95.00 678.76 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 132.23 678.76 Td (Agreement between Clean Coal Solutions, LLC, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 106.35 669.76 Td (AEC-NM, LLC, and GS RC Investments LLC dated ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 158.50 660.76 Td (November 21, 201) Tj ET Q q 0 0 0 rg BT 225.40 660.76 Td (1***) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 326.25 659.96 Td (10-K) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.50 659.96 Td (000-54992) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.85 659.96 Td (10.53) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.35 659.96 Td (February 29, 2016) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 55.85 646.76 Td (10.54) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 101.35 646.76 Td (Equipment Lease between ) Tj ET Q q 0 0 0 rg BT 198.06 646.76 Td (AEC-NM, LLC, and GS RC ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 114.05 637.76 Td (Investments, LLC dated November 21, 201) Tj ET Q q 0 0 0 rg BT 269.93 637.76 Td (1***) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 326.25 636.96 Td (10-K) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.50 636.96 Td (000-54992) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.85 636.96 Td (10.54) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.35 636.96 Td (February 29, 2016) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 55.85 623.76 Td (10.55) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 95.00 623.76 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 132.23 623.76 Td (Agreement between Clean Coal Solutions, LLC, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 107.60 614.76 Td (AEC-TH, LLC and GS RC Investments, LLC dated ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 159.05 605.76 Td (December 15, 201) Tj ET Q q 0 0 0 rg BT 224.94 605.76 Td (1***) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 326.25 604.96 Td (10-K) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.50 604.96 Td (000-54992) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.85 604.96 Td (10.55) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.35 604.96 Td (February 29, 2016) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 55.85 591.76 Td (10.56) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 103.75 591.76 Td (Equipment Lease between ) Tj ET Q q 0 0 0 rg BT 200.46 591.76 Td (AEC-TH, LLC and GS RC ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 114.55 582.76 Td (Investments, LLC dated December 15, 201) Tj ET Q q 0 0 0 rg BT 269.42 582.76 Td (1***) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 326.25 581.96 Td (10-K) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.50 581.96 Td (000-54992) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.85 581.96 Td (10.56) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.35 581.96 Td (February 29, 2016) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 55.85 568.76 Td (10.57) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 90.15 568.76 Td (M-45 ) Tj ET Q q 0 0 0 rg BT 112.24 568.76 Td (T) Tj ET Q q 0 0 0 rg BT 117.11 568.76 Td (echnology License ) Tj ET Q q 0 0 0 rg BT 186.58 568.76 Td (Agreement between ) Tj ET Q q 0 0 0 rg BT 260.55 568.76 Td (ADA-ES, Inc. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 101.25 559.76 Td (and Clean Coal Solutions, LLC dated July 27, 2012***) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 326.25 558.96 Td (10-K) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.50 558.96 Td (000-54992) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.85 558.96 Td (10.57) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.35 558.96 Td (February 29, 2016) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 55.85 545.76 Td (10.58) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 97.40 545.76 Td (Amended and Restated Equipment Lease by and between ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 93.50 536.76 Td (AEC-NM, LLC and GS RC Investments LLC, dated March ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 180.75 527.76 Td (8, 2013***) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 326.25 526.96 Td (10-K) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.50 526.96 Td (000-54992) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.85 526.96 Td (10.58) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.35 526.96 Td (February 29, 2016) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 55.85 513.76 Td (10.59) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 97.40 513.76 Td (Amended and Restated Equipment Lease by and between ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 90.25 504.76 Td (AEC-TH, LLC and GS RC Investments LLC, dated March 8, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 185.25 495.76 Td (2013***) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 326.25 494.96 Td (10-K) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.50 494.96 Td (000-54992) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.85 494.96 Td (10.59) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.35 494.96 Td (February 29, 2016) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 55.85 481.76 Td (10.60) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 93.40 481.76 Td (Amendment to Exchange ) Tj ET Q q 0 0 0 rg BT 186.63 481.76 Td (Agreement by and between Clean ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 110.35 472.76 Td (Coal Solutions, LLC, ) Tj ET Q q 0 0 0 rg BT 189.11 472.76 Td (AEC-NM, LLC, and GS RC ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 130.10 463.76 Td (Investments LLC, dated March 8, 2013) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 326.25 481.76 Td (10-Q) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.50 481.76 Td (000-50216) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.85 481.76 Td (10.57) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 492.35 481.76 Td (May 10, 2013) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 55.85 449.76 Td (10.61) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 93.40 449.76 Td (Amendment to Exchange ) Tj ET Q q 0 0 0 rg BT 186.63 449.76 Td (Agreement by and between Clean ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 111.60 440.76 Td (Coal Solutions, LLC, ) Tj ET Q q 0 0 0 rg BT 190.36 440.76 Td (AEC-TH, LLC, and GS RC ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 130.10 431.76 Td (Investments LLC, dated March 8, 2013) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 326.25 449.76 Td (10-Q) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.50 449.76 Td (000-50216) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.85 449.76 Td (10.58) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 492.35 449.76 Td (May 10, 2013) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 55.85 417.76 Td (10.62) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 95.40 417.76 Td (Development and License ) Tj ET Q q 0 0 0 rg BT 191.12 417.76 Td (Agreement with ) Tj ET Q q 0 0 0 rg BT 251.10 417.76 Td (Arch Coal, Inc. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 158.25 408.76 Td (dated June 25, 2010***) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 326.25 417.76 Td (10-K) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.50 417.76 Td (000-54992) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.85 417.76 Td (10.62) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.35 417.76 Td (February 29, 2016) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 55.85 394.76 Td (10.63) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 93.60 394.76 Td (US Department of Ener) Tj ET Q q 0 0 0 rg BT 178.66 394.76 Td (gy Cooperative ) Tj ET Q q 0 0 0 rg BT 235.65 394.76 Td (Agreement No. DE-) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 96.35 385.76 Td (FE0004343 Evaluation of Solid Sorbents as an Industrial ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 99.05 376.76 Td (Retrofit ) Tj ET Q q 0 0 0 rg BT 129.13 376.76 Td (T) Tj ET Q q 0 0 0 rg BT 134.00 376.76 Td (echnology for Carbon 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(000-50216) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.85 353.76 Td (10.46) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 488.85 353.76 Td (March 15, 2012) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 55.85 330.76 Td (10.65) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 95.50 330.76 Td (Lease of Space between ) Tj ET Q q 0 0 0 rg BT 183.96 330.76 Td (ADA, ES, Inc. and Highridgeline, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 147.35 321.76 Td (LLC dated February 23, 2012) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 326.25 330.76 Td (10-Q) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.50 330.76 Td (000-50216) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.85 330.76 Td (10.54) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 492.35 330.76 Td (May 10, 2012) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 55.85 307.76 Td (10.66) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 100.75 307.76 Td (Undertaking and ) Tj ET Q q 0 0 0 rg BT 162.73 307.76 Td (Assumption ) Tj ET Q q 0 0 0 rg BT 207.99 307.76 Td (Agreement by and among ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 99.50 298.76 Td (Advanced Emissions Solutions, Inc., ) Tj ET Q q 0 0 0 rg BT 233.74 298.76 Td (ADA-ES, Inc., and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 90.85 289.76 Td (ADA) Tj ET Q q 0 0 0 rg BT 109.85 289.76 Td ( Environmental Solutions, LLC dated as of July1, 2013) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 326.25 307.76 Td (10-Q) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.50 307.76 Td (000-54992) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.85 307.76 Td (10.62) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 481.60 307.76 Td (November 12, 2013) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 55.85 275.76 Td (10.67) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 96.25 275.76 Td (Settlement ) Tj ET Q q 0 0 0 rg BT 136.50 275.76 Td (Agreement by and among ) Tj ET Q q 0 0 0 rg BT 231.47 275.76 Td (ADA-ES, Inc., ) Tj ET Q q 0 0 0 rg BT 286.71 275.76 Td (ADA) Tj ET Q q 0 0 0 rg BT 305.72 275.76 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 98.75 266.76 Td (Environmental Solutions, LLC, Norit ) Tj ET Q q 0 0 0 rg BT 235.24 266.76 Td (Americas, Inc. and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 97.30 257.76 Td (Norit International N.V) Tj ET Q q 0 0 0 rg BT 180.87 257.76 Td (. f/k/a Norit N.V) Tj ET Q q 0 0 0 rg BT 239.45 257.76 Td (. dated ) Tj ET Q q 0 0 0 rg BT 265.19 257.76 Td (August29, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 192.15 248.76 Td (201) Tj ET Q q 0 0 0 rg BT 205.32 248.76 Td (1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 326.25 275.76 Td (10-Q) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.50 275.76 Td (000-50216) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.85 275.76 Td (10.88) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 481.75 275.76 Td (November 14, 2011) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 55.85 234.76 Td (10.68) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 97.50 234.76 Td (Indemnity Settlement ) Tj ET Q q 0 0 0 rg BT 176.99 234.76 Td (Agreement between ) Tj ET Q q 0 0 0 rg BT 250.96 234.76 Td (ADA-ES, Inc., ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 98.95 225.76 Td (ADA) Tj ET Q q 0 0 0 rg BT 117.95 225.76 Td ( Environmental Solutions, LLC and Ener) Tj ET Q q 0 0 0 rg BT 265.77 225.76 Td (gy Capital ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 91.40 216.76 Td (Partners, LLC, Ener) Tj ET Q q 0 0 0 rg BT 163.72 216.76 Td (gy Capital Partners I, LP) Tj ET Q q 0 0 0 rg BT 251.95 216.76 Td (, Ener) Tj ET Q q 0 0 0 rg BT 273.28 216.76 Td (gy Capital ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 100.00 207.76 Td (Partners I-A, LP) Tj ET Q q 0 0 0 rg BT 158.24 207.76 Td (, Ener) Tj ET Q q 0 0 0 rg BT 179.57 207.76 Td (gy Capital Partners I-B IP) Tj ET Q q 0 0 0 rg BT 272.05 207.76 Td (, LP) Tj ET Q q 0 0 0 rg BT 286.72 207.76 Td ( and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 103.60 198.76 Td (Ener) Tj ET Q q 0 0 0 rg BT 120.43 198.76 Td (gy Capital Partners I \(Crowfoot IP\), LP) Tj ET Q q 0 0 0 rg BT 262.32 198.76 Td ( and ) Tj ET Q q 0 0 0 rg BT 279.32 198.76 Td (ADA) Tj ET Q q 0 0 0 rg BT 298.32 198.76 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 103.10 189.76 Td (Carbon Solutions, LLC \(f/k/a Crowfoot Development, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 93.35 180.76 Td (LLC \), ) Tj ET Q q 0 0 0 rg BT 119.60 180.76 Td (ADA) Tj ET Q q 0 0 0 rg BT 138.60 180.76 Td ( Carbon Solutions \(Red River\), LLC \(f/k/a Red ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 90.35 171.76 Td (River Environmental Products, LLC\), Morton Environmental ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 94.35 162.76 Td (Products, LLC, Underwood Environmental Products, LLC, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 96.00 153.76 Td (Crowfoot Supply Company) Tj ET Q q 0 0 0 rg BT 194.92 153.76 Td (, LLC, and Five Forks Mining, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 144.80 144.76 Td (LLC dated November 28, 201) Tj ET Q q 0 0 0 rg BT 252.69 144.76 Td (1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 326.25 234.76 Td (10-K) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.50 234.76 Td (000-50216) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 435.10 234.76 Td (10.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 488.85 234.76 Td (March 15, 2012) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 55.85 130.76 Td (10.69) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 91.85 130.76 Td (2013 Loan and Security ) Tj ET Q q 0 0 0 rg BT 179.83 130.76 Td (Agreement by and among ) Tj ET Q q 0 0 0 rg BT 274.81 130.76 Td (ADA-ES, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 90.35 121.76 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 108.10 121.76 Td (Advanced Emissions Solutions, Inc., and CoBiz Bank d/) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 90.00 112.76 Td (b/a Colorado Business Bank in the State of Colorado dated as ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 160.00 103.76 Td (of September 19, 2013) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 326.25 130.76 Td (10-K) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.50 130.76 Td (000-54992) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 435.10 130.76 Td (10.7) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.35 130.76 Td (February 29, 2016) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg 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Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 608.00 Td (Notes:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 596.00 Td (* ) Tj ET Q q 0 0 0 rg BT 86.00 596.00 Td ( Filed with this Form 10-K, which was originally filed with the SEC on ) Tj ET Q q 0 0 0 rg BT 378.49 596.00 Td (April 19, 2016.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 584.00 Td (** ) Tj ET Q q 0 0 0 rg BT 86.00 584.00 Td ( Management contract or compensatory plan or arrangement.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 572.00 Td (*** ) Tj ET Q q 0 0 0 rg BT 86.00 572.00 Td ( Portions of this exhibit have been omitted pursuant to a request for confidential treatment. ) Tj ET Q q 0 0 0 rg BT 455.73 572.00 Td (The non-public ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 560.00 Td (information has been separately filed with the Securities and Exchange Commission.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 536.00 Td (Filings for the Company were made under the name ) Tj ET Q q 0 0 0 rg BT 260.22 536.00 Td (ADA-ES, Inc. \(File No. 000-50216\) prior to July 1, 2013, the ef) Tj ET Q q 0 0 0 rg BT 516.12 536.00 Td (fective ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 524.00 Td (date of our reor) Tj ET Q q 0 0 0 rg BT 111.73 524.00 Td (ganization, and under the name ) Tj ET Q q 0 0 0 rg BT 238.91 524.00 Td (Advanced Emissions Solutions, Inc. \(File No. 000-54992\) starting on July 1, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 512.00 Td (2013.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 478.00 Td (\(c\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.00 478.00 Td (The following financial statements are included in this report pursuant to Regulation S-X Rule 3-09:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.00 461.00 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 104.00 461.00 Td (Clean Coal Solutions, LLC and Subsidiaries;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.00 444.00 Td ( ) Tj ET Q q 0 0 0 rg BT 104.00 444.00 Td (a. Consolidated Financial Statements, December 31, 2015, 2014 and 2013 \(W) Tj ET Q q 0 0 0 rg BT 415.20 444.00 Td (ith Independent ) Tj ET Q q 0 0 0 rg BT 479.63 444.00 Td (Auditors' Report ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 432.00 Td (Thereon\);) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.00 415.00 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 104.00 415.00 Td (Clean Coal Solutions Services, LLC;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.00 398.00 Td ( ) Tj ET Q q 0 0 0 rg BT 104.00 398.00 Td (a. Consolidated Financial Statements, December 31, 2015, 2014 \(W) Tj ET Q q 0 0 0 rg BT 375.76 398.00 Td (ith Independent ) Tj ET Q q 0 0 0 rg BT 440.19 398.00 Td (Auditors' Report ) Tj ET Q q 0 0 0 rg BT 509.02 398.00 Td (Thereon\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 386.00 Td (and 2013 \(unaudited\); and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.00 369.00 Td (\(3\) ) Tj ET Q q 0 0 0 rg BT 104.00 369.00 Td (RCM6, LLC;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.00 352.00 Td ( ) Tj ET Q q 0 0 0 rg BT 104.00 352.00 Td (a. Financial Statements, December 31, 2015 and 2014 \(W) Tj ET Q q 0 0 0 rg BT 334.92 352.00 Td (ith Independent ) Tj ET Q q 0 0 0 rg BT 399.35 352.00 Td (Auditors' Report ) Tj ET Q q 0 0 0 rg BT 468.19 352.00 Td (Thereon\).) Tj ET Q endstream endobj 285 0 obj <> endobj 286 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (139) Tj ET Q BT /F5 12.00 Tf ET q 0 0 0 rg BT 156.30 596.30 Td (CLEAN COAL) Tj ET Q q 0 0 0 rg BT 234.75 596.30 Td ( SOLUTIONS, LLC ) Tj ET Q q 0 0 0 rg BT 340.96 596.30 Td (AND SUBSIDIARIES) Tj ET Q BT /F5 12.00 Tf ET q 0 0 0 rg BT 306.00 581.90 Td ( ) Tj ET Q BT /F5 12.00 Tf ET q 0 0 0 rg BT 183.10 567.50 Td (CONSOLIDA) Tj ET Q q 0 0 0 rg BT 254.21 567.50 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 345.98 567.50 Td ( ST) Tj ET Q q 0 0 0 rg BT 363.76 567.50 Td (A) Tj ET Q q 0 0 0 rg BT 371.54 567.50 Td (TEMENTS) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 216.10 554.30 Td (As of December 31, 2015 and 2014 ) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 150.80 541.10 Td (And for the ) Tj ET Q q 0 0 0 rg BT 212.32 541.10 Td (Y) Tj ET Q q 0 0 0 rg BT 219.05 541.10 Td (ears Ended December 31, 2015, 2014 and 2013) Tj ET Q endstream endobj 287 0 obj <> endobj 288 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (140) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 247.10 611.90 Td (T) Tj ET Q q 0 0 0 rg BT 253.00 611.90 Td (ABLE OF CONTENTS) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 516.35 577.69 Td (Page) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 63.50 547.69 Td (REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 63.50 517.69 Td (FINANCIAL STATEMENTS) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 87.50 487.69 Td (Consolidated Balance Sheets) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 87.50 472.69 Td (Consolidated Statements of Operations) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 87.50 457.69 Td (Consolidated Statements of Members' Equity) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 87.50 442.69 Td (Consolidated Statements of Cash Flows) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 87.50 412.69 Td (Notes to Consolidated Financial Statements) Tj ET Q BT /F1 10.00 Tf ET BT /F6 11.00 Tf ET q 0 0 0 rg BT 528.10 547.69 Td (141) Tj ET Q BT /F6 11.00 Tf ET BT /F6 11.00 Tf ET q 0 0 0 rg BT 528.10 487.69 Td (142) Tj ET Q BT /F6 11.00 Tf ET BT /F6 11.00 Tf ET q 0 0 0 rg BT 528.10 472.69 Td (144) Tj ET Q BT /F6 11.00 Tf ET BT /F6 11.00 Tf ET q 0 0 0 rg BT 528.10 457.69 Td (145) Tj ET Q BT /F6 11.00 Tf ET BT /F6 11.00 Tf ET q 0 0 0 rg BT 528.10 442.69 Td (146) Tj ET Q BT /F6 11.00 Tf ET BT /F6 11.00 Tf ET q 0 0 0 rg BT 528.10 412.69 Td (148) Tj ET Q BT /F6 11.00 Tf ET endstream endobj 289 0 obj <> endobj 290 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (141) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 118.35 741.60 Td (REPOR) Tj ET Q q 0 0 0 rg BT 156.46 741.60 Td (T) Tj ET Q q 0 0 0 rg BT 163.60 741.60 Td ( OF) Tj ET Q q 0 0 0 rg BT 181.22 741.60 Td ( INDEPENDENT) Tj ET Q q 0 0 0 rg BT 263.84 741.60 Td ( REGISTERED PUBLIC ) Tj ET Q q 0 0 0 rg BT 385.18 741.60 Td (ACCOUNTING FIRM) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 692.40 Td (T) Tj ET Q q 0 0 0 rg BT 55.95 692.40 Td (o the Board of Members) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 679.20 Td (Clean Coal Solutions, LLC ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 642.00 Td (W) Tj ET Q q 0 0 0 rg BT 59.50 642.00 Td (e have audited the accompanying consolidated balance sheets of Clean Coal Solutions, LLC and subsidiaries as ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 628.80 Td (of December31, 2015 and 2014, and the related consolidated statements of operations, members) Tj ET Q q 0 0 0 rg BT 478.66 628.80 Td ( equity) Tj ET Q q 0 0 0 rg BT 508.19 628.80 Td (, and cash ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 615.60 Td (flows for each of the three years in the period ending December 31, 2015. ) Tj ET Q q 0 0 0 rg BT 377.24 615.60 Td (These financial statements are the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 602.40 Td (responsibility of the Company) Tj ET Q q 0 0 0 rg BT 186.57 602.40 Td (s management. Our responsibility is to express an opinion on these financial ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 589.20 Td (statements based on our audits. ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 564.00 Td (W) Tj ET Q q 0 0 0 rg BT 59.50 564.00 Td (e conducted our audits in accordance with the auditing standards of the Public Company ) Tj ET Q q 0 0 0 rg BT 450.51 564.00 Td (Accounting Oversight ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 550.80 Td (Board \(United States\) and in accordance with auditing standards generally accepted in the United States of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 537.60 Td (America. ) Tj ET Q q 0 0 0 rg BT 93.17 537.60 Td (Those standards require that we plan and perform the audit to obtain reasonable assurance about whether ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 524.40 Td (the financial statements are free of material misstatement. ) Tj ET Q q 0 0 0 rg BT 306.66 524.40 Td (The Company is not required to have, nor were we ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 511.20 Td (engaged to perform, an audit of its internal control over financial reporting. Our audit included consideration of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 498.00 Td (internal control over financial reporting as a basis for designing audit procedures that are appropriate in the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 484.80 Td (circumstances, but not for the purpose of expressing an opinion on the ef) Tj ET Q q 0 0 0 rg BT 370.25 484.80 Td (fectiveness of the Company) Tj ET Q q 0 0 0 rg BT 495.80 484.80 Td (s internal ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 471.60 Td (control over financial reporting. ) Tj ET Q q 0 0 0 rg BT 192.65 471.60 Td (Accordingly we express no such opinion. ) Tj ET Q q 0 0 0 rg BT 376.86 471.60 Td (An audit also includes examining, on a ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 458.40 Td (test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 445.20 Td (principles used and significant estimates made by management, as well as evaluating the overall financial statement ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 432.00 Td (presentation. ) Tj ET Q q 0 0 0 rg BT 109.06 432.00 Td (W) Tj ET Q q 0 0 0 rg BT 118.56 432.00 Td (e believe that our audit provides a reasonable basis for our opinion.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 406.80 Td (In our opinion, the consolidated financial statements referred to above present fairly) Tj ET Q q 0 0 0 rg BT 418.88 406.80 Td (, in all material respects, the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 393.60 Td (financial position of Clean Coal Solutions, LLC and subsidiaries as of December31, 2015 and 2014, and the results ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 380.40 Td (of their operations and their cash flows each of the three years in the period ending December 31, 2015, in ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 367.20 Td (conformity with U.S. generally accepted accounting principles.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 328.80 Td (/s/ Hein & ) Tj ET Q q 0 0 0 rg BT 97.97 328.80 Td (Associates LLP) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 303.60 Td (Denver) Tj ET Q q 0 0 0 rg BT 81.93 303.60 Td (, Colorado) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 290.40 Td (April 12, 2016) Tj ET Q endstream endobj 291 0 obj <> endobj 292 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (142) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 168.80 741.00 Td (CLEAN COAL) Tj ET Q q 0 0 0 rg BT 240.71 741.00 Td ( SOLUTIONS, LLC ) Tj ET Q q 0 0 0 rg BT 338.08 741.00 Td (AND SUBSIDIARIES) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 210.45 727.80 Td (CONSOLIDA) Tj ET Q q 0 0 0 rg BT 275.63 727.80 Td (TED BALANCE SHEETS) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 216.10 714.60 Td (As of December 31, 2015 and 2014 ) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 658.7 m 451 658.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455 658.7 m 535 658.7 l 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455 405.7 m 535 405.7 l s BT /F5 10.00 Tf ET q 0 0 0 rg BT 283.75 667.32 Td ( ) Tj ET Q q 0 0 0 rg BT 286.16 667.32 Td (ASSETS) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 399.35 648.32 Td (2015) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 483.35 648.32 Td (2014) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 78.50 633.32 Td ( CURRENT ) Tj ET Q q 0 0 0 rg BT 132.57 633.32 Td (ASSETS) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 78.50 618.32 Td ( Cash) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 373.50 618.32 Td ($) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 402.65 618.32 Td (6,182,499) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 457.50 618.32 Td ($) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 486.65 618.32 Td (3,869,672) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 78.50 603.32 Td ( ) Tj ET Q q 0 0 0 rg BT 89.06 603.32 Td (Accounts receivable) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 397.10 603.32 Td (16,860,883) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 486.65 603.32 Td (4,015,780) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 78.50 588.32 Td ( Related party receivables) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 402.65 588.32 Td (4,559,794) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 486.65 588.32 Td (4,715,090) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 78.50 573.32 Td ( Inventory) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 397.10 573.32 Td (10,167,068) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 486.65 573.32 Td (9,494,605) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 78.50 558.32 Td ( Prepaid royalties) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 402.65 558.32 Td (3,051,961) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 486.65 558.32 Td (6,591,691) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 78.50 543.19 Td ( Deferred tax assets) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 411.00 543.32 Td (238,900) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 521.15 543.32 Td () Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 78.50 528.32 Td ( Prepaid expenses and other assets) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 416.55 528.32 Td (37,500) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 500.55 528.32 Td (14,400) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 78.50 513.32 Td ( ) Tj ET Q q 0 0 0 rg BT 81.10 513.32 Td (T) Tj ET Q q 0 0 0 rg BT 86.10 513.32 Td (otal current assets) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 397.10 513.32 Td (41,098,605) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 481.10 513.32 Td (28,701,238) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 78.50 486.32 Td ( NON-CURRENT ) Tj ET Q q 0 0 0 rg BT 158.12 486.32 Td (ASSETS) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 78.50 471.32 Td ( Fixed assets, net) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 397.10 471.32 Td (76,788,152) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 481.10 471.32 Td (52,525,173) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 78.50 456.32 Td ( Deferred tax assets) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 437.15 456.32 Td () Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 495.00 456.32 Td (397,134) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 78.50 441.32 Td ( Other assets, net) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 397.10 441.32 Td (13,720,461) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 500.55 441.32 Td (60,540) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 78.50 426.32 Td ( ) Tj ET Q q 0 0 0 rg BT 81.10 426.32 Td (T) Tj ET Q q 0 0 0 rg BT 86.10 426.32 Td (otal non-current assets) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 397.10 426.32 Td (90,508,613) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 481.10 426.32 Td (52,982,847) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 78.50 411.32 Td ( T) Tj ET Q q 0 0 0 rg BT 87.21 411.32 Td (OT) Tj ET Q q 0 0 0 rg BT 100.35 411.32 Td (AL) Tj ET Q q 0 0 0 rg BT 113.50 411.32 Td ( ) Tj ET Q q 0 0 0 rg BT 115.91 411.32 Td (ASSETS) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 373.50 411.32 Td ($) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 391.50 411.32 Td (131,607,218) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 457.50 411.32 Td ($) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 481.10 411.32 Td (81,684,085) Tj ET Q BT /F1 10.00 Tf ET BT /F6 10.00 Tf ET q 0 0 0 rg BT 50.00 383.20 Td (The following table presents certain assets of the consolidated variable interest entities \(VIEs\), which are included ) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 50.00 371.20 Td (in the Consolidated Balance Sheets above. ) Tj ET Q q 0 0 0 rg BT 246.62 371.20 Td (The assets in the table below include those assets that can only be ) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 50.00 359.20 Td (used to settle obligations of consolidated VIEs, presented on the following page, and are in excess of those ) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 50.00 347.20 Td (obligations. ) Tj ET Q q 0 0 0 rg BT 105.60 347.20 Td (Additionally) Tj ET Q q 0 0 0 rg BT 156.00 347.20 Td (, the assets in the table below include third-party assets of consolidated VIEs only and ) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 50.00 335.20 Td (exclude intercompany balances that eliminate in consolidation.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 113.45 311.20 Td (Assets of consolidated VIEs to be used to settle obligations of consolidated VIEs) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 258.70000000000005 m 451 258.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455 258.70000000000005 m 535 258.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 179.70000000000005 m 451 179.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 164.70000000000005 m 451 164.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 162.70000000000005 m 451 162.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455 179.70000000000005 m 535 179.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455 164.70000000000005 m 535 164.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455 162.70000000000005 m 535 162.70000000000005 l s BT /F5 10.00 Tf ET q 0 0 0 rg BT 421.35 278.32 Td (December 31) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 399.35 263.32 Td (2015) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 483.35 263.32 Td (2014) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 78.50 248.32 Td (ASSETS) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 90.50 232.32 Td (Cash) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 373.50 232.32 Td ($) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 402.65 232.32 Td (3,365,878) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 457.50 232.32 Td ($) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 486.65 232.32 Td (3,465,160) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 90.50 216.32 Td (Accounts receivable) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 411.00 216.32 Td (269,460) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 521.15 216.32 Td () Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 90.50 200.32 Td (Inventory) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 402.65 200.32 Td (8,604,382) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 486.65 200.32 Td (8,100,602) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 90.50 184.32 Td (Non-current assets) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 402.65 184.32 Td (2,472,399) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 486.65 184.32 Td (2,608,090) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 78.50 168.32 Td ( T) Tj ET Q q 0 0 0 rg BT 87.21 168.32 Td (OT) Tj ET Q q 0 0 0 rg BT 100.35 168.32 Td (AL) Tj ET Q q 0 0 0 rg BT 113.50 168.32 Td ( ) Tj ET Q q 0 0 0 rg BT 115.91 168.32 Td (ASSETS) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 373.50 168.32 Td ($) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 397.10 168.32 Td (14,712,119) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 457.50 168.32 Td ($) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 481.10 168.32 Td (14,173,852) Tj ET Q BT /F1 10.00 Tf ET BT /F6 10.00 Tf ET q 0 0 0 rg BT 221.75 103.00 Td (Statement continues on the next page) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 117.80 79.00 Td (The accompanying notes are an integral part of the consolidated financial statements) Tj ET Q endstream endobj 293 0 obj <> endobj 294 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (143) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 168.80 741.00 Td (CLEAN COAL) Tj ET Q q 0 0 0 rg BT 240.71 741.00 Td ( SOLUTIONS, LLC ) Tj ET Q q 0 0 0 rg BT 338.08 741.00 Td (AND SUBSIDIARIES) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 210.45 727.80 Td (CONSOLIDA) Tj ET Q q 0 0 0 rg BT 275.63 727.80 Td (TED BALANCE SHEETS) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 216.10 714.60 Td (As of December 31, 2015 and 2014 ) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 671.9 m 451 671.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455 671.9 m 535 671.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 656.9 m 451 656.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455 656.9 m 535 656.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 581.9 m 451 581.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 566.9 m 451 566.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455 581.9 m 535 581.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455 566.9 m 535 566.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 479.9 m 451 479.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 464.9 m 451 464.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455 479.9 m 535 479.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455 464.9 m 535 464.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 361.9 m 451 361.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 346.9 m 451 346.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455 361.9 m 535 361.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455 346.9 m 535 346.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 320.9 m 451 320.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 318.9 m 451 318.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455 320.9 m 535 320.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455 318.9 m 535 318.9 l s BT /F5 10.00 Tf ET q 0 0 0 rg BT 214.90 680.52 Td ( LIABILITIES ) Tj ET Q q 0 0 0 rg BT 277.31 680.52 Td (AND MEMBERS' EQUITY) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 399.35 661.52 Td (2015) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 483.35 661.52 Td (2014) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 78.50 646.52 Td ( CURRENT LIABILITIES) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 78.50 631.52 Td ( ) Tj ET Q q 0 0 0 rg BT 89.06 631.52 Td (Accounts payable and accrued liabilities) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 373.50 631.52 Td ($) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 397.10 631.52 Td (21,951,570) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 457.50 631.52 Td ($) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 486.65 631.52 Td (5,617,463) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 78.50 616.52 Td ( Related party payables) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 402.65 616.52 Td (5,904,563) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 486.65 616.52 Td (7,127,497) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 78.50 601.39 Td ( Deferred revenue - current) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 397.10 601.52 Td (29,130,779) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 481.10 601.52 Td (58,182,486) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 78.50 586.52 Td ( Line of credit) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 402.65 586.52 Td (4,000,000) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 521.15 586.52 Td () Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 78.50 571.52 Td ( ) Tj ET Q q 0 0 0 rg BT 81.10 571.52 Td (T) Tj ET Q q 0 0 0 rg BT 86.10 571.52 Td (otal current liabilities) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 397.10 571.52 Td (60,986,912) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 481.10 571.52 Td (70,927,446) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 78.50 544.52 Td ( NON-CURRENT LIABILITIES) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 78.50 529.52 Td ( Secured promissory note) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 402.65 529.52 Td (7,535,347) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 486.65 529.52 Td (7,001,092) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 78.50 514.52 Td ( Deferred revenue - long-term) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 411.00 514.52 Td (798,402) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 481.10 514.52 Td (14,924,530) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 78.50 499.52 Td ( ) Tj ET Q q 0 0 0 rg BT 89.06 499.52 Td (Asset retirement obligation) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 402.65 499.52 Td (1,078,807) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 495.00 499.52 Td (811,539) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 78.50 484.52 Td ( Deferred tax liabilities) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 416.55 484.52 Td (21,500) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 521.15 484.52 Td () Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 78.50 469.52 Td ( ) Tj ET Q q 0 0 0 rg BT 81.10 469.52 Td (T) Tj ET Q q 0 0 0 rg BT 86.10 469.52 Td (otal non-current liabilities) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 402.65 469.52 Td (9,434,056) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 481.10 469.52 Td (22,737,161) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 78.50 442.52 Td ( T) Tj ET Q q 0 0 0 rg BT 87.21 442.52 Td (OT) Tj ET Q q 0 0 0 rg BT 100.35 442.52 Td (AL) Tj ET Q q 0 0 0 rg BT 113.50 442.52 Td ( LIABILITIES) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 397.10 442.52 Td (70,420,968) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 481.10 442.52 Td (93,664,607) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 78.50 415.52 Td ( TEMPORAR) Tj ET Q q 0 0 0 rg BT 138.13 415.52 Td (Y) Tj ET Q q 0 0 0 rg BT 144.62 415.52 Td ( CLASS B PREFERRED EQUITY) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 397.10 415.52 Td (30,448,574) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 481.10 415.52 Td (45,521,621) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 78.50 396.52 Td ( OTHER MEMBERS' EQUITY) Tj ET Q q 0 0 0 rg BT 212.37 396.52 Td ( \(DEFICIT\)) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 78.50 381.52 Td ( Member's Deficit attributable to Class ) Tj ET Q q 0 0 0 rg BT 257.14 381.52 Td (A) Tj ET Q q 0 0 0 rg BT 263.26 381.52 Td ( members) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 397.10 381.52 Td (25,174,921) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 477.75 381.52 Td (\(63,026,660) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 531.15 381.52 Td (\)) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 78.50 366.52 Td ( Noncontrolling interests) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 402.65 366.52 Td (5,562,755) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 486.65 366.52 Td (5,524,517) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 78.50 351.52 Td ( ) Tj ET Q q 0 0 0 rg BT 81.10 351.52 Td (T) Tj ET Q q 0 0 0 rg BT 86.10 351.52 Td (otal other member's equity \(deficit\)) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 397.10 351.52 Td (30,737,676) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 477.75 351.52 Td (\(57,502,143) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 531.15 351.52 Td (\)) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 78.50 324.52 Td ( T) Tj ET Q q 0 0 0 rg BT 87.21 324.52 Td (OT) Tj ET Q q 0 0 0 rg BT 100.35 324.52 Td (AL) Tj ET Q q 0 0 0 rg BT 113.50 324.52 Td ( LIABILITIES ) Tj ET Q q 0 0 0 rg BT 175.91 324.52 Td (AND MEMBERS' EQUITY) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 373.50 324.52 Td ($) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 391.50 324.52 Td (131,607,218) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 457.50 324.52 Td ($) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 481.10 324.52 Td (81,684,085) Tj ET Q BT /F1 10.00 Tf ET BT /F6 10.00 Tf ET q 0 0 0 rg BT 50.00 296.40 Td (The following table presents certain liabilities of consolidated VIEs, which are included in the Consolidated Balance ) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 50.00 284.40 Td (Sheets above. ) Tj ET Q q 0 0 0 rg BT 119.31 284.40 Td (The liabilities in the table below include third-party liabilities of consolidated VIEs only and exclude ) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 50.00 272.40 Td (intercompany balances that eliminate in consolidation. ) Tj ET Q q 0 0 0 rg BT 294.96 272.40 Td (The liabilities also exclude intercompany amounts where ) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 50.00 260.40 Td (creditors have recourse against the general credit of Clean Coal Solutions, LLC, however the secured note has a ) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 50.00 248.40 Td (limited guarantee by Clean Coal Solutions, LLC.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 50.00 224.40 Td (Liabilities of consolidated VIEs for which creditors do not have recourse to the general credit of Clean Coal ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 50.00 212.40 Td (Solutions, LLC) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 171.89999999999998 m 451 171.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455 171.89999999999998 m 535 171.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 108.89999999999998 m 451 108.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 93.89999999999998 m 451 93.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 91.89999999999998 m 451 91.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455 108.89999999999998 m 535 108.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455 93.89999999999998 m 535 93.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455 91.89999999999998 m 535 91.89999999999998 l s BT /F5 10.00 Tf ET q 0 0 0 rg BT 421.35 191.52 Td (December 31) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 399.35 176.52 Td (2015) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 483.35 176.52 Td (2014) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 78.50 161.52 Td (LIABILITIES) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 90.50 145.52 Td (Accounts payable and accrued liabilities) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 373.50 145.52 Td ($) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 402.65 145.52 Td (1,488,984) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 457.50 145.52 Td ($) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 486.65 145.52 Td (1,534,255) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 90.50 129.52 Td (Secured promissory note) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 402.65 129.52 Td (7,535,347) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 486.65 129.52 Td (7,001,092) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 90.50 113.52 Td (Non-current liabilities) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 411.00 113.52 Td (113,883) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 495.00 113.52 Td (103,173) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 78.50 97.52 Td (T) Tj ET Q q 0 0 0 rg BT 84.43 97.52 Td (OT) Tj ET Q q 0 0 0 rg BT 97.57 97.52 Td (AL) Tj ET Q q 0 0 0 rg BT 110.72 97.52 Td ( LIABILITIES) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 373.50 97.52 Td ($) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 402.65 97.52 Td (9,138,214) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 457.50 97.52 Td ($) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 486.65 97.52 Td (8,638,520) Tj ET Q BT /F1 10.00 Tf ET BT /F6 10.00 Tf ET q 0 0 0 rg BT 117.80 69.40 Td (The accompanying notes are an integral part of the consolidated financial statements) Tj ET Q endstream endobj 295 0 obj <> endobj 296 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (144) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 168.80 741.00 Td (CLEAN COAL) Tj ET Q q 0 0 0 rg BT 240.71 741.00 Td ( SOLUTIONS, LLC ) Tj ET Q q 0 0 0 rg BT 338.08 741.00 Td (AND SUBSIDIARIES) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 177.75 727.80 Td (CONSOLIDA) Tj ET Q q 0 0 0 rg BT 242.93 727.80 Td (TED ST) Tj ET Q q 0 0 0 rg BT 281.23 727.80 Td (A) Tj ET Q q 0 0 0 rg BT 288.36 727.80 Td (TEMENTS OF OPERA) Tj ET Q q 0 0 0 rg BT 400.60 727.80 Td (TIONS) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 161.45 714.60 Td (For the ) Tj ET Q q 0 0 0 rg BT 201.58 714.60 Td (Y) Tj ET Q q 0 0 0 rg BT 208.31 714.60 Td (ears Ended December 31, 2015, 2014 and 2013) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 689.1 m 386.5 689.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 689.1 m 460.5 689.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 689.1 m 534.5 689.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 629.1 m 386.5 629.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 614.1 m 386.5 614.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 629.1 m 460.5 629.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 614.1 m 460.5 614.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 629.1 m 534.5 629.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 614.1 m 534.5 614.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 509.1 m 386.5 509.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 494.1 m 386.5 494.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 509.1 m 460.5 509.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 494.1 m 460.5 494.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 509.1 m 534.5 509.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 494.1 m 534.5 494.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 359.1 m 386.5 359.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 344.1 m 386.5 344.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 359.1 m 460.5 359.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 344.1 m 460.5 344.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 359.1 m 534.5 359.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 344.1 m 534.5 344.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 269.1 m 386.5 269.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 254.10000000000002 m 386.5 254.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 269.1 m 460.5 269.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 254.10000000000002 m 460.5 254.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 269.1 m 534.5 269.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 254.10000000000002 m 534.5 254.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 149.10000000000002 m 386.5 149.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 149.10000000000002 m 460.5 149.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 149.10000000000002 m 534.5 149.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 120.10000000000002 m 386.5 120.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 118.10000000000002 m 386.5 118.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 120.10000000000002 m 460.5 120.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 118.10000000000002 m 460.5 118.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 120.10000000000002 m 534.5 120.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 118.10000000000002 m 534.5 118.10000000000002 l s BT /F5 10.00 Tf ET q 0 0 0 rg BT 339.85 693.72 Td (2015) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 413.85 693.72 Td (2014) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 487.85 693.72 Td (2013) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 79.00 678.72 Td ( REVENUES) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 79.00 663.72 Td ( Coal sales) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 319.00 663.72 Td ($) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 327.00 663.72 Td (533,364,652) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 393.00 663.72 Td ($) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 401.00 663.72 Td (412,448,738) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 467.00 663.72 Td ($) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 475.00 663.72 Td (174,042,527) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 91.00 648.72 Td (Rents) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 327.00 648.72 Td (153,931,161) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 401.00 648.72 Td (113,769,515) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 480.60 648.72 Td (61,276,952) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 79.00 633.72 Td ( Other) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 338.15 633.72 Td (8,200,670) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 412.15 633.72 Td (7,032,260) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 486.15 633.72 Td (6,926,028) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 79.00 618.72 Td ( ) Tj ET Q q 0 0 0 rg BT 109.38 618.72 Td (T) Tj ET Q q 0 0 0 rg BT 114.38 618.72 Td (otal revenues) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 327.00 618.72 Td (695,496,483) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 401.00 618.72 Td (533,250,513) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 475.00 618.72 Td (242,245,507) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 79.00 588.72 Td ( COST OF SALES \(exclusive of depreciation) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 79.00 573.72 Td ( shown separately below\)) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 79.00 558.72 Td ( Coal purchases) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 327.00 558.72 Td (533,465,745) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 401.00 558.72 Td (412,448,719) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 475.00 558.72 Td (174,042,527) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 79.00 543.72 Td ( Chemicals) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 332.60 543.77 Td (23,270,893) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 406.60 543.72 Td (15,237,970) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 486.15 543.72 Td (9,321,327) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 79.00 528.72 Td ( Site and production fees) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 332.60 528.77 Td (19,285,735) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 412.15 528.72 Td (9,614,258) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 486.15 528.72 Td (4,999,431) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 79.00 513.72 Td ( Royalties) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 332.60 513.77 Td (11,058,412) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 412.15 513.72 Td (6,850,862) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 486.15 513.72 Td (2,941,517) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 79.00 498.72 Td ( ) Tj ET Q q 0 0 0 rg BT 109.38 498.72 Td (T) Tj ET Q q 0 0 0 rg BT 114.38 498.72 Td (otal cost of sales) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 327.00 498.72 Td (587,080,785) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 401.00 498.72 Td (444,151,809) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 475.00 498.72 Td (191,304,802) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 79.00 468.72 Td ( GROSS PROFIT) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 327.00 468.72 Td (108,415,698) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 406.60 468.72 Td (89,098,704) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 480.60 468.72 Td (50,940,705) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 79.00 438.72 Td ( OPERA) Tj ET Q q 0 0 0 rg BT 116.60 438.72 Td (TING EXPENSES) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 332.60 438.77 Td (10,585,574) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 412.15 438.72 Td (7,190,484) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 486.15 438.72 Td (5,351,997) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 79.00 408.72 Td ( SELLING, GENERAL) Tj ET Q q 0 0 0 rg BT 179.38 408.72 Td ( ) Tj ET Q q 0 0 0 rg BT 181.79 408.72 Td (AND ) Tj ET Q q 0 0 0 rg BT 205.86 408.72 Td (ADMINISTRA) Tj ET Q q 0 0 0 rg BT 267.89 408.72 Td (TIVE ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 79.00 393.72 Td ( EXPENSES) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 338.15 393.72 Td (9,571,297) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 406.60 393.72 Td (11,681,498) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 486.15 393.72 Td (8,023,135) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 79.00 363.72 Td ( DEPRECIA) Tj ET Q q 0 0 0 rg BT 132.71 363.72 Td (TION ) Tj ET Q q 0 0 0 rg BT 159.00 363.72 Td (AND ) Tj ET Q q 0 0 0 rg BT 183.08 363.72 Td (AMORTIZA) Tj ET Q q 0 0 0 rg BT 235.10 363.72 Td (T) Tj ET Q q 0 0 0 rg BT 241.03 363.72 Td (ON EXPENSE) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 338.15 363.72 Td (3,247,999) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 412.15 363.72 Td (2,629,860) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 486.15 363.72 Td (4,086,360) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 79.00 348.72 Td ( Income from operations) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 332.60 348.77 Td (85,010,828) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 406.60 348.72 Td (67,596,862) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 480.60 348.72 Td (33,479,213) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 79.00 318.72 Td ( OTHER \(INCOME\) ) Tj ET Q q 0 0 0 rg BT 168.62 318.72 Td (AND EXPENSE) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 79.00 303.72 Td ( State income tax expense) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 338.15 303.72 Td (1,219,821) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 412.15 303.72 Td (1,426,071) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 520.65 303.72 Td () Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 91.00 288.72 Td (Other expense, net) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 346.50 288.72 Td (822,900) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 420.50 288.72 Td (369,943) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 494.50 288.72 Td (275,276) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 79.00 273.72 Td ( Interest expense) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 346.50 273.72 Td (159,942) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 426.05 273.72 Td (34,244) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 494.50 273.72 Td (251,616) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 79.00 258.72 Td ( ) Tj ET Q q 0 0 0 rg BT 109.38 258.72 Td (T) Tj ET Q q 0 0 0 rg BT 114.38 258.72 Td (otal other expense) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 338.15 258.72 Td (2,202,663) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 412.15 258.72 Td (1,830,258) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 494.50 258.72 Td (526,892) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 79.00 228.59 Td (NET INCOME) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 332.60 228.77 Td (82,808,165) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 406.60 228.72 Td (65,766,604) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 480.60 228.72 Td (32,952,321) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 79.00 198.72 Td ( Class B Holders Preferred Return) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 334.80 198.77 Td (\(6,157,125) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 382.65 198.72 Td (\)) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 408.80 198.72 Td (\(8,706,959) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 456.65 198.72 Td (\)) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 477.25 198.72 Td (\(10,189,337) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 530.65 198.72 Td (\)) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 79.00 168.72 Td ( Loss attributable to noncontrolling interests) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 332.60 168.77 Td (10,674,776) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 406.60 168.72 Td (11,023,382) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 520.65 168.72 Td () Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 79.00 138.72 Td ( NET INCOME \(LOSS\) ) Tj ET Q q 0 0 0 rg BT 183.63 138.72 Td (A) Tj ET Q q 0 0 0 rg BT 190.11 138.72 Td (V) Tj ET Q q 0 0 0 rg BT 196.04 138.72 Td (AILABLE T) Tj ET Q q 0 0 0 rg BT 248.07 138.72 Td (O CLASS ) Tj ET Q q 0 0 0 rg BT 294.93 138.72 Td (A) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 79.00 123.72 Td ( MEMBERS) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 319.00 123.72 Td ($) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 332.60 123.77 Td (87,325,816) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 393.00 123.72 Td ($) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 406.60 123.72 Td (68,083,027) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 467.00 123.72 Td ($) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 480.60 123.72 Td (22,762,984) Tj ET Q BT /F1 10.00 Tf ET BT /F6 10.00 Tf ET q 0 0 0 rg BT 117.80 94.40 Td (The accompanying notes are an integral part of the consolidated financial statements) Tj ET Q endstream endobj 297 0 obj <> endobj 298 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (145) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 168.80 741.00 Td (CLEAN COAL) Tj ET Q q 0 0 0 rg BT 240.71 741.00 Td ( SOLUTIONS, LLC ) Tj ET Q q 0 0 0 rg BT 338.08 741.00 Td (AND SUBSIDIARIES) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 162.40 727.80 Td (CONSOLIDA) Tj ET Q q 0 0 0 rg BT 227.58 727.80 Td (TED ST) Tj ET Q q 0 0 0 rg BT 265.88 727.80 Td (A) Tj ET Q q 0 0 0 rg BT 273.01 727.80 Td (TEMENTS OF MEMBERS' EQUITY) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 181.55 714.60 Td (Y) Tj ET Q q 0 0 0 rg BT 188.28 714.60 Td (ears Ended December 31, 2015, 2014 and 2013) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 675.9 m 397.5 675.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 675.9 m 401.5 675.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401.5 675.9 m 479.5 675.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479.5 675.9 m 483.5 675.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 675.9 m 561.5 675.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 238.5 635.9 m 315.5 635.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315.5 635.9 m 319.5 635.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 635.9 m 397.5 635.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 635.9 m 401.5 635.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401.5 635.9 m 479.5 635.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479.5 635.9 m 483.5 635.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 635.9 m 561.5 635.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 238.5 635.9 m 315.5 635.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315.5 635.9 m 319.5 635.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 635.9 m 397.5 635.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 635.9 m 401.5 635.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401.5 635.9 m 479.5 635.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479.5 635.9 m 483.5 635.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 635.9 m 561.5 635.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 238.5 560.9 m 315.5 560.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 560.9 m 397.5 560.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401.5 560.9 m 479.5 560.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 560.9 m 561.5 560.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 238.5 445.9 m 315.5 445.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 445.9 m 397.5 445.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401.5 445.9 m 479.5 445.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 445.9 m 561.5 445.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 238.5 445.9 m 315.5 445.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 445.9 m 397.5 445.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401.5 445.9 m 479.5 445.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 445.9 m 561.5 445.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 238.5 330.9 m 315.5 330.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 238.5 316.9 m 315.5 316.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 238.5 314.9 m 315.5 314.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 330.9 m 397.5 330.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 316.9 m 397.5 316.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 314.9 m 397.5 314.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401.5 330.9 m 479.5 330.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401.5 316.9 m 479.5 316.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401.5 314.9 m 479.5 314.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 330.9 m 561.5 330.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 316.9 m 561.5 316.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 314.9 m 561.5 314.9 l s BT /F5 10.00 Tf ET q 0 0 0 rg BT 366.65 680.52 Td (Other Members Equity \(Deficit\)) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 249.60 660.52 Td ( T) Tj ET Q q 0 0 0 rg BT 257.74 660.52 Td (emporary ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 258.15 650.52 Td (Class B ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 254.50 640.52 Td (Members) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 338.60 650.52 Td ( Class ) Tj ET Q q 0 0 0 rg BT 370.47 650.52 Td (A) Tj ET Q q 0 0 0 rg BT 377.32 650.52 Td ( ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 336.00 640.52 Td (Members) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 440.00 660.52 Td ( ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 404.45 650.52 Td (Noncontrolling ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 421.90 640.52 Td (Interest) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 494.30 660.52 Td ( T) Tj ET Q q 0 0 0 rg BT 502.44 660.52 Td (otal Other ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 498.85 650.52 Td (Members' ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 486.70 640.52 Td (Equity \(Deficit\)) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 52.00 625.52 Td (BALANCES, JANUAR) Tj ET Q q 0 0 0 rg BT 154.41 625.52 Td (Y) Tj ET Q q 0 0 0 rg BT 160.90 625.52 Td ( 1, 2013) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 241.00 625.52 Td ($) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 261.60 625.52 Td (75,770,324) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 322.00 625.52 Td ($) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 340.25 625.52 Td (\(65,331,191) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 393.65 625.52 Td (\)) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 404.00 625.52 Td ($) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 465.65 625.52 Td () Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 486.00 625.52 Td ($) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 504.25 625.52 Td (\(65,331,191) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 557.65 625.52 Td (\)) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 58.00 610.52 Td (Class B Holders Preferred Return) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 261.60 610.52 Td (10,189,337) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 383.65 610.52 Td () Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 465.65 610.52 Td () Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 547.65 610.52 Td () Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 58.00 595.52 Td (Member distributions) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 263.80 595.57 Td (\(4,875,000) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 311.65 595.52 Td (\)) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 340.25 595.52 Td (\(27,625,000) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 393.65 595.52 Td (\)) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 465.65 595.52 Td () Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 504.25 595.52 Td (\(27,625,000) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 557.65 595.52 Td (\)) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 58.00 580.52 Td (Reclassification of member equity) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 258.25 580.52 Td (\(18,013,740) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 311.65 580.52 Td (\)) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 343.60 580.52 Td (18,013,740) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 465.65 580.52 Td () Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 507.60 580.52 Td (18,013,740) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 58.00 565.52 Td (Net loss) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 301.65 565.52 Td () Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 343.60 565.52 Td (22,762,984) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 465.65 565.52 Td () Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 507.60 565.52 Td (22,762,984) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 52.00 550.52 Td (BALANCES, DECEMBER 31, 2013) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 241.00 550.52 Td ($) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 261.60 550.52 Td (63,070,921) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 322.00 550.52 Td ($) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 340.25 550.52 Td (\(52,179,467) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 393.65 550.52 Td (\)) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 465.65 550.52 Td () Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 486.00 550.52 Td ($) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 504.25 550.52 Td (\(52,179,467) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 557.65 550.52 Td (\)) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 58.00 535.52 Td (Class B Holders Preferred Return) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 267.15 535.52 Td (8,706,959) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 383.65 535.52 Td () Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 465.65 535.52 Td () Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 547.65 535.52 Td () Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 58.00 520.52 Td (Member contributions) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 301.65 520.52 Td () Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 383.65 520.52 Td () Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 425.60 520.52 Td (16,547,899) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 507.60 520.52 Td (16,547,899) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 58.00 505.52 Td (Member distributions) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 258.25 505.52 Td (\(15,382,563) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 311.65 505.52 Td (\)) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 340.25 505.52 Td (\(89,803,916) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 393.65 505.52 Td (\)) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 465.65 505.52 Td () Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 504.25 505.52 Td (\(89,803,916) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 557.65 505.52 Td (\)) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 58.00 490.52 Td (Reclassification of member equity) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 258.25 490.52 Td (\(10,873,696) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 311.65 490.52 Td (\)) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 343.60 490.52 Td (10,873,696) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 465.65 490.52 Td () Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 507.60 490.52 Td (10,873,696) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 58.00 475.52 Td (Net income) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 301.65 475.52 Td () Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 343.60 475.52 Td (68,083,027) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 465.65 475.52 Td () Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 507.60 475.52 Td (68,083,027) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 58.00 460.52 Td (Net loss attributable to Noncontrolling ) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 58.00 450.52 Td (interest) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 301.65 450.52 Td () Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 383.65 450.52 Td () Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 422.25 450.52 Td (\(11,023,382) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 475.65 450.52 Td (\)) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 504.25 450.52 Td (\(11,023,382) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 557.65 450.52 Td (\)) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 52.00 435.52 Td (BALANCES, DECEMBER 31, 2014) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 241.00 435.52 Td ($) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 261.60 435.52 Td (45,521,621) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 322.00 435.52 Td ($) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 340.25 435.52 Td (\(63,026,660) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 393.65 435.52 Td (\)) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 431.15 435.52 Td (5,524,517) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 486.00 435.52 Td ($) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 504.25 435.52 Td (\(57,502,143) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 557.65 435.52 Td (\)) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 58.00 420.52 Td (Class B Holders Preferred Return) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 267.15 420.52 Td (6,157,125) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 383.65 420.52 Td () Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 465.65 420.52 Td () Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 547.65 420.52 Td () Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 58.00 405.52 Td (Member contributions) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 301.65 405.52 Td () Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 383.65 405.52 Td () Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 425.60 405.52 Td (10,713,014) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 507.60 405.52 Td (10,713,014) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 58.00 390.52 Td (Member distributions) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 263.80 390.57 Td (\(3,053,161) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 311.65 390.52 Td (\)) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 340.25 390.52 Td (\(17,301,246) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 393.65 390.52 Td (\)) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 465.65 390.52 Td () Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 504.25 390.52 Td (\(17,301,246) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 557.65 390.52 Td (\)) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 58.00 375.52 Td (Reclassification of member equity) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 258.25 375.52 Td (\(18,177,011) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 311.65 375.52 Td (\)) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 343.60 375.52 Td (18,177,011) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 465.65 375.52 Td () Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 507.60 375.52 Td (18,177,011) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 58.00 360.52 Td (Net income) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 301.65 360.52 Td () Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 343.60 360.52 Td (87,325,816) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 465.65 360.52 Td () Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 507.60 360.52 Td (87,325,816) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 58.00 345.52 Td (Net loss attributable to Noncontrolling ) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 58.00 335.52 Td (interest) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 301.65 335.52 Td () Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 383.65 335.52 Td () Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 422.25 335.52 Td (\(10,674,776) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 475.65 335.52 Td (\)) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 504.25 335.52 Td (\(10,674,776) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 557.65 335.52 Td (\)) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 52.00 320.52 Td (BALANCES, DECEMBER 31, 2015) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 241.00 320.52 Td ($) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 261.60 320.52 Td (30,448,574) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 322.00 320.52 Td ($) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 343.60 320.52 Td (25,174,921) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 404.00 320.52 Td ($) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 431.15 320.52 Td (5,562,755) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 486.00 320.52 Td ($) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 507.60 320.52 Td (30,737,676) Tj ET Q BT /F1 10.00 Tf ET BT /F6 11.00 Tf ET q 0 0 0 rg BT 99.00 290.00 Td (The accompanying notes are an integral part of the consolidated financial statements) Tj ET Q endstream endobj 299 0 obj <> endobj 300 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (146) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 168.80 741.00 Td (CLEAN COAL) Tj ET Q q 0 0 0 rg BT 240.71 741.00 Td ( SOLUTIONS, LLC ) Tj ET Q q 0 0 0 rg BT 338.08 741.00 Td (AND SUBSIDIARIES) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 177.35 727.80 Td (CONSOLIDA) Tj ET Q q 0 0 0 rg BT 242.53 727.80 Td (TED ST) Tj ET Q q 0 0 0 rg BT 280.83 727.80 Td (A) Tj ET Q q 0 0 0 rg BT 287.96 727.80 Td (TEMENTS OF CASH FLOWs) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 161.45 714.60 Td (For the ) Tj ET Q q 0 0 0 rg BT 201.58 714.60 Td (Y) Tj ET Q q 0 0 0 rg BT 208.31 714.60 Td (ears Ended December 31, 2015, 2014 and 2013) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 675.9 m 413.5 675.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 675.9 m 487.5 675.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 675.9 m 561.5 675.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 356.9 m 413.5 356.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 341.9 m 413.5 341.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 356.9 m 487.5 356.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 341.9 m 487.5 341.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 356.9 m 561.5 356.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 341.9 m 561.5 341.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 296.9 m 413.5 296.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 281.9 m 413.5 281.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 296.9 m 487.5 296.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 281.9 m 487.5 281.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 296.9 m 561.5 296.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 281.9 m 561.5 281.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 161.89999999999998 m 413.5 161.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 146.89999999999998 m 413.5 146.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 161.89999999999998 m 487.5 161.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 146.89999999999998 m 487.5 146.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 161.89999999999998 m 561.5 161.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 146.89999999999998 m 561.5 146.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 146.89999999999998 m 413.5 146.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 146.89999999999998 m 487.5 146.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 146.89999999999998 m 561.5 146.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 131.89999999999998 m 413.5 131.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 117.89999999999998 m 413.5 117.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 116.39999999999998 m 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 131.89999999999998 m 487.5 131.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 117.89999999999998 m 487.5 117.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 116.39999999999998 m 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 131.89999999999998 m 561.5 131.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 117.89999999999998 m 561.5 117.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 116.39999999999998 m BT /F5 10.00 Tf ET q 0 0 0 rg BT 366.85 680.52 Td (2015) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 440.85 680.52 Td (2014) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 514.85 680.52 Td (2013) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 52.00 665.52 Td ( CASH, BEGINNING OF ) Tj ET Q q 0 0 0 rg BT 164.60 665.52 Td (YEAR) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 346.00 665.52 Td ($) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 365.15 665.52 Td (3,869,672) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 420.00 665.52 Td ($) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 433.60 665.52 Td (11,663,307) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 494.00 665.52 Td ($) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 521.50 665.52 Td (994,199) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 52.00 646.52 Td ( CASH FLOWS FROM OPERA) Tj ET Q q 0 0 0 rg BT 191.81 646.52 Td (TING ) Tj ET Q q 0 0 0 rg BT 218.10 646.52 Td (ACTIVITIES) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 52.00 631.52 Td ( Net income \(loss\) attributable to Class ) Tj ET Q q 0 0 0 rg BT 234.29 631.52 Td (A) Tj ET Q q 0 0 0 rg BT 240.41 631.52 Td ( Members) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 359.60 631.52 Td (82,808,165) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 433.60 631.52 Td (65,766,604) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 507.60 631.52 Td (32,952,321) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 52.00 616.52 Td ( ) Tj ET Q q 0 0 0 rg BT 62.56 616.52 Td (Adjustments to reconcile net income to net) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 52.00 601.52 Td ( cash provided by operating activities:) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 52.00 586.52 Td ( Depreciation and amortization) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 365.15 586.52 Td (3,247,999) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 439.15 586.52 Td (2,629,860) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 513.15 586.52 Td (4,086,360) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 52.00 571.52 Td ( Loss on sale of assets) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 373.50 571.52 Td (859,174) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 447.50 571.52 Td (642,809) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 521.50 571.52 Td (167,814) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 52.00 556.52 Td ( ) Tj ET Q q 0 0 0 rg BT 70.90 556.52 Td (Amortization of prepaid royalties) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 365.15 556.52 Td (3,539,730) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 439.15 556.52 Td (2,135,605) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 521.50 556.52 Td (764,916) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 52.00 541.52 Td ( ) Tj ET Q q 0 0 0 rg BT 70.90 541.52 Td (Accretion of asset retirement obligation) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 379.05 541.52 Td (94,258) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 447.50 541.52 Td (150,660) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 521.50 541.52 Td (146,693) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 52.00 526.52 Td ( Settlement of asset retirement obligation) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 370.15 526.52 Td (\(125,936) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 409.65 526.52 Td (\)) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 444.15 526.52 Td (\(249,946) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 483.65 526.52 Td (\)) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 518.15 526.52 Td (\(212,161) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 557.65 526.52 Td (\)) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 52.00 511.52 Td ( Deferred taxes) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 373.50 511.52 Td (179,734) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 444.15 511.52 Td (\(397,134) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 483.65 511.52 Td (\)) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 547.65 511.52 Td () Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 52.00 496.52 Td ( Ef) Tj ET Q q 0 0 0 rg BT 72.38 496.52 Td (fects of changes in operating assets and liabilities:) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 52.00 481.52 Td ( ) Tj ET Q q 0 0 0 rg BT 70.90 481.52 Td (Accounts receivable) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 356.25 481.52 Td (\(12,845,103) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 409.65 481.52 Td (\)) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 435.80 481.52 Td (\(2,246,733) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 483.65 481.52 Td (\)) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 509.80 481.52 Td (\(1,288,615) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 557.65 481.52 Td (\)) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 52.00 466.52 Td ( Related party receivables) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 373.50 466.52 Td (424,756) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 435.80 466.52 Td (\(4,107,808) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 483.65 466.52 Td (\)) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 513.15 466.52 Td (2,186,797) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 52.00 451.52 Td ( Prepayment of royalties) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 399.65 451.52 Td () Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 473.65 451.52 Td () Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 509.80 451.52 Td (\(8,000,000) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 557.65 451.52 Td (\)) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 52.00 436.52 Td ( Prepaid expenses and other assets) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 356.25 436.52 Td (\(13,688,323) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 409.65 436.52 Td (\)) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 447.50 436.52 Td (357,499) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 518.15 436.52 Td (\(300,180) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 557.65 436.52 Td (\)) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 52.00 421.52 Td ( Inventory) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 370.15 421.52 Td (\(672,463) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 409.65 421.52 Td (\)) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 435.80 421.52 Td (\(8,335,108) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 483.65 421.52 Td (\)) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 518.15 421.52 Td (\(181,097) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 557.65 421.52 Td (\)) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 52.00 406.52 Td ( ) Tj ET Q q 0 0 0 rg BT 70.90 406.52 Td (Accounts payable and accrued liabilities) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 359.60 406.52 Td (16,334,107) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 439.15 406.52 Td (3,109,180) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 509.80 406.52 Td (\(1,493,797) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 557.65 406.52 Td (\)) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 52.00 391.52 Td ( Related party payables) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 373.50 391.52 Td (772,515) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 435.80 391.52 Td (\(3,106,864) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 483.65 391.52 Td (\)) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 509.80 391.52 Td (\(3,228,833) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 557.65 391.52 Td (\)) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 52.00 376.52 Td ( Customer deposits) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 399.65 376.52 Td () Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 473.65 376.52 Td () Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 509.80 376.52 Td (\(4,700,000) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 557.65 376.52 Td (\)) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 52.00 361.52 Td ( Deferred revenue) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 356.25 361.52 Td (\(43,177,835) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 409.65 361.52 Td (\)) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 433.60 361.52 Td (27,284,374) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 507.60 361.52 Td (27,822,642) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 52.00 346.52 Td ( Net cash provided by operating activities) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 359.60 346.52 Td (37,750,778) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 433.60 346.52 Td (83,632,998) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 507.60 346.52 Td (48,722,860) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 52.00 316.52 Td ( CASH FLOWS FROM INVESTING ) Tj ET Q q 0 0 0 rg BT 213.29 316.52 Td (ACTIVITIES) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 52.00 301.52 Td ( Capital expenditures for fixed assets) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 356.25 301.52 Td (\(30,061,353) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 409.65 301.52 Td (\)) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 435.80 301.52 Td (\(9,789,143) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 483.65 301.52 Td (\)) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 509.80 301.52 Td (\(2,553,752) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 557.65 301.52 Td (\)) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 52.00 286.52 Td ( Net cash used in investing activities) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 356.25 286.52 Td (\(30,061,353) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 409.65 286.52 Td (\)) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 435.80 286.52 Td (\(9,789,143) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 483.65 286.52 Td (\)) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 509.80 286.52 Td (\(2,553,752) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 557.65 286.52 Td (\)) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 52.00 256.52 Td ( CASH FLOWS FROM FINANCING ) Tj ET Q q 0 0 0 rg BT 214.95 256.52 Td (ACTIVITIES) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 52.00 241.52 Td ( Borrowings under secured promissory note) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 373.50 241.52 Td (534,255) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 439.15 241.52 Td (7,001,092) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 547.65 241.52 Td () Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 52.00 226.52 Td ( Borrowings under line of credit) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 365.15 226.52 Td (4,000,000) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 473.65 226.52 Td () Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 547.65 226.52 Td () Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 52.00 211.52 Td ( Repayments under line of credit) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 399.65 211.52 Td () Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 473.65 211.52 Td () Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 509.80 211.52 Td (\(3,000,000) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 557.65 211.52 Td (\)) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 52.00 196.52 Td ( Noncontrolling member contributions) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 359.60 196.52 Td (10,713,014) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 433.60 196.52 Td (13,911,841) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 547.65 196.52 Td () Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 52.00 181.52 Td ( Noncontrolling member contribution receivable) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 370.15 181.52 Td (\(269,460) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 409.65 181.52 Td (\)) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 64.00 166.52 Td (Other Members' distributions) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 356.25 166.52 Td (\(20,354,407) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 409.65 166.52 Td (\)) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 424.70 166.52 Td (\(102,550,423) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 483.65 166.52 Td (\)) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 504.25 166.52 Td (\(32,500,000) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 557.65 166.52 Td (\)) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 52.00 151.52 Td ( Net cash used in financing activities) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 361.80 151.52 Td (\(5,376,598) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 409.65 151.52 Td (\)) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 430.25 151.52 Td (\(81,637,490) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 483.65 151.52 Td (\)) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 504.25 151.52 Td (\(35,500,000) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 557.65 151.52 Td (\)) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 52.00 136.52 Td ( NET \(DECREASE\) INCREASE IN CASH) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 365.15 136.52 Td (2,312,827) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 435.80 136.52 Td (\(7,793,635) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 483.65 136.52 Td (\)) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 507.60 136.52 Td (10,669,108) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 52.00 121.52 Td ( CASH, END OF ) Tj ET Q q 0 0 0 rg BT 129.05 121.52 Td (YEAR) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 365.15 121.52 Td (6,182,499) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 439.15 121.52 Td (3,869,672) Tj ET Q BT /F6 10.00 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623.80 Td (factors ) Tj ET Q q 0 0 0 rg BT 85.81 623.80 Td (published ) Tj ET Q q 0 0 0 rg BT 136.19 623.80 Td (in ) Tj ET Q q 0 0 0 rg BT 148.05 623.80 Td (the ) Tj ET Q q 0 0 0 rg BT 166.64 623.80 Td (Federal ) Tj ET Q q 0 0 0 rg BT 207.23 623.80 Td (Register) Tj ET Q q 0 0 0 rg BT 247.58 623.80 Td (. ) Tj ET Q q 0 0 0 rg BT 253.72 623.80 Td (The ) Tj ET Q q 0 0 0 rg BT 275.97 623.80 Td (2015, ) Tj ET Q q 0 0 0 rg BT 306.79 623.80 Td (2014 ) Tj ET Q q 0 0 0 rg BT 334.56 623.80 Td (and ) Tj ET Q q 0 0 0 rg BT 356.20 623.80 Td (2013 ) Tj ET Q q 0 0 0 rg BT 383.97 623.80 Td (PTC ) Tj ET Q q 0 0 0 rg BT 409.26 623.80 Td (rates ) Tj ET Q q 0 0 0 rg BT 437.01 623.80 Td (were ) Tj ET Q q 0 0 0 rg BT 464.15 623.80 Td ($6.710, ) Tj ET Q q 0 0 0 rg BT 504.15 623.80 Td ($6.601, ) Tj ET Q q 0 0 0 rg BT 544.14 623.80 Td (and ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 610.60 Td ($6.590 ) Tj ET Q q 0 0 0 rg BT 86.20 610.60 Td (per ) Tj ET Q q 0 0 0 rg BT 105.16 610.60 Td (ton ) Tj ET Q q 0 0 0 rg BT 123.50 610.60 Td (of ) Tj ET Q q 0 0 0 rg BT 135.73 610.60 Td (refined ) Tj ET Q q 0 0 0 rg BT 172.42 610.60 Td (coal ) Tj ET Q q 0 0 0 rg BT 195.66 610.60 Td (produced, ) Tj ET Q q 0 0 0 rg BT 247.64 610.60 Td (respectively) Tj ET Q q 0 0 0 rg BT 304.90 610.60 Td (.) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 585.40 Td (Clean ) Tj ET Q q 0 0 0 rg BT 81.92 585.40 Td (Coal ) Tj ET Q q 0 0 0 rg BT 108.22 585.40 Td (is ) Tj ET Q q 0 0 0 rg BT 119.85 585.40 Td (owned ) Tj ET Q q 0 0 0 rg BT 155.94 585.40 Td (42.5% ) Tj ET Q q 0 0 0 rg BT 190.81 585.40 Td (by ) Tj ET Q q 0 0 0 rg BT 205.38 585.40 Td (ADA-ES, ) Tj ET Q q 0 0 0 rg BT 253.07 585.40 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 274.48 585.40 Td (\(ADA\), ) Tj ET Q q 0 0 0 rg BT 318.48 585.40 Td (42.5% ) Tj ET Q q 0 0 0 rg BT 353.35 585.40 Td (by ) Tj ET Q q 0 0 0 rg BT 368.65 585.40 Td (NexGen ) Tj ET Q q 0 0 0 rg BT 412.68 585.40 Td (Refined ) Tj ET Q q 0 0 0 rg BT 454.28 585.40 Td (Coal, ) Tj ET Q q 0 0 0 rg BT 483.64 585.40 Td (LLC ) Tj ET Q q 0 0 0 rg BT 507.50 585.40 Td (\(NexGen\) ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 572.20 Td (\(collectively) Tj ET Q q 0 0 0 rg BT 105.53 572.20 Td (, ) Tj ET Q q 0 0 0 rg BT 111.13 572.20 Td (Class ) Tj ET Q q 0 0 0 rg BT 140.68 572.20 Td (A) Tj ET 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Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 494.20 Td (generation ) Tj ET Q q 0 0 0 rg BT 104.88 494.20 Td (stations ) Tj ET Q q 0 0 0 rg BT 146.19 494.20 Td (and ) Tj ET Q q 0 0 0 rg BT 167.93 494.20 Td (is ) Tj ET Q q 0 0 0 rg BT 179.27 494.20 Td (expected ) Tj ET Q q 0 0 0 rg BT 227.31 494.20 Td (to ) Tj ET Q q 0 0 0 rg BT 239.88 494.20 Td (continue ) Tj ET Q q 0 0 0 rg BT 284.86 494.20 Td (to ) Tj ET Q q 0 0 0 rg BT 297.43 494.20 Td (qualify ) Tj ET Q q 0 0 0 rg BT 332.63 494.20 Td (for ) Tj ET Q q 0 0 0 rg BT 348.86 494.20 Td (PTCs ) Tj ET Q q 0 0 0 rg BT 379.75 494.20 Td (for ) Tj ET Q q 0 0 0 rg BT 395.98 494.20 Td (a ) Tj ET Q q 0 0 0 rg BT 405.50 494.20 Td (period ) Tj ET Q q 0 0 0 rg BT 439.47 494.20 Td (of ) Tj ET Q q 0 0 0 rg BT 452.04 494.20 Td (ten ) Tj ET Q q 0 0 0 rg BT 470.73 494.20 Td (years ) Tj ET Q q 0 0 0 rg BT 501.02 494.20 Td (following ) Tj ET Q q 0 0 0 rg BT 547.22 494.20 Td (the ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 481.00 Td (applicable ) Tj ET Q q 0 0 0 rg BT 102.09 481.00 Td (placed ) Tj ET Q q 0 0 0 rg BT 137.56 481.00 Td (in ) Tj ET Q q 0 0 0 rg BT 149.18 481.00 Td (service ) Tj ET Q q 0 0 0 rg BT 187.08 481.00 Td (date ) Tj ET Q q 0 0 0 rg BT 211.55 481.00 Td (\(expiring ) Tj ET Q q 0 0 0 rg BT 256.79 481.00 Td (at ) Tj ET Q q 0 0 0 rg BT 269.02 481.00 Td (certain ) Tj ET Q q 0 0 0 rg BT 305.09 481.00 Td (dates ) Tj ET Q q 0 0 0 rg BT 335.05 481.00 Td (in ) Tj ET Q q 0 0 0 rg BT 346.67 481.00 Td (2019 ) Tj ET Q q 0 0 0 rg BT 374.20 481.00 Td (and ) Tj ET Q q 0 0 0 rg BT 395.61 481.00 Td (2021, ) Tj ET Q q 0 0 0 rg BT 426.19 481.00 Td (respectively\).) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 455.80 Td (At ) Tj ET Q q 0 0 0 rg BT 62.99 455.80 Td (December ) Tj ET Q q 0 0 0 rg BT 116.82 455.80 Td (31, ) Tj ET Q q 0 0 0 rg BT 135.21 455.80 Td (2015 ) Tj ET Q q 0 0 0 rg BT 162.77 455.80 Td (and ) Tj ET Q q 0 0 0 rg BT 184.22 455.80 Td (2014, ) Tj ET Q q 0 0 0 rg BT 214.84 455.80 Td (twelve ) Tj ET Q q 0 0 0 rg BT 249.11 455.80 Td (RC ) Tj ET Q q 0 0 0 rg BT 268.09 455.80 Td (Facilities ) Tj ET Q q 0 0 0 rg BT 313.97 455.80 Td (were ) Tj ET Q q 0 0 0 rg BT 340.90 455.80 Td (under ) Tj ET Q q 0 0 0 rg BT 372.13 455.80 Td (lease ) Tj ET Q q 0 0 0 rg BT 401.52 455.80 Td (with ) Tj ET Q q 0 0 0 rg BT 424.18 455.80 Td (third ) Tj ET Q q 0 0 0 rg BT 448.67 455.80 Td (parties ) Tj ET Q q 0 0 0 rg BT 484.78 455.80 Td (who ) Tj ET Q q 0 0 0 rg BT 508.05 455.80 Td (are ) Tj ET Q q 0 0 0 rg BT 527.04 455.80 Td (entitled ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 442.60 Td (to ) Tj ET Q q 0 0 0 rg BT 63.28 442.60 Td (the ) Tj ET Q q 0 0 0 rg BT 83.18 442.60 Td (PTCs ) Tj ET Q q 0 0 0 rg BT 115.28 442.60 Td (resulting ) Tj ET Q q 0 0 0 rg BT 161.47 442.60 Td (from ) Tj ET Q q 0 0 0 rg BT 188.07 442.60 Td (refined ) Tj ET Q q 0 0 0 rg BT 226.31 442.60 Td (coal ) Tj ET Q q 0 0 0 rg BT 251.10 442.60 Td (production. ) Tj ET Q q 0 0 0 rg BT 310.13 442.60 Td ( ) Tj ET Q q 0 0 0 rg BT 314.44 442.60 Td (The ) Tj ET Q q 0 0 0 rg BT 338.00 442.60 Td (leased ) Tj ET Q q 0 0 0 rg BT 375.02 442.60 Td (RC ) Tj ET Q q 0 0 0 rg BT 395.51 442.60 Td (Facilities ) Tj ET Q q 0 0 0 rg BT 442.90 442.60 Td (are ) Tj ET Q q 0 0 0 rg BT 463.41 442.60 Td (located ) Tj ET Q q 0 0 0 rg BT 503.48 442.60 Td (at ) Tj ET Q q 0 0 0 rg BT 517.26 442.60 Td (coal-fired ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 429.40 Td (generation ) Tj ET Q q 0 0 0 rg BT 104.54 429.40 Td (stations ) Tj ET Q q 0 0 0 rg BT 145.51 429.40 Td (throughout ) Tj ET Q q 0 0 0 rg BT 201.16 429.40 Td (the ) Tj ET Q q 0 0 0 rg BT 219.51 429.40 Td (United ) Tj ET Q q 0 0 0 rg BT 254.36 429.40 Td (States. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 404.20 Td (Clean ) Tj ET Q q 0 0 0 rg BT 81.41 404.20 Td (Coal ) Tj ET Q q 0 0 0 rg BT 107.20 404.20 Td (also ) Tj ET Q q 0 0 0 rg BT 130.54 404.20 Td (operates ) Tj ET Q q 0 0 0 rg BT 176.52 404.20 Td (RC ) Tj ET Q q 0 0 0 rg BT 195.57 404.20 Td (Facilities ) Tj ET Q q 0 0 0 rg BT 241.52 404.20 Td (for ) Tj ET Q q 0 0 0 rg BT 257.53 404.20 Td (the ) Tj ET Q q 0 0 0 rg BT 275.98 404.20 Td (benefit ) Tj ET Q q 0 0 0 rg BT 312.18 404.20 Td (of ) Tj ET Q q 0 0 0 rg BT 324.52 404.20 Td (its ) Tj ET Q q 0 0 0 rg BT 338.69 404.20 Td (Members, ) Tj ET Q q 0 0 0 rg BT 390.75 404.20 Td (entitling ) Tj ET Q q 0 0 0 rg BT 431.83 404.20 Td (them ) Tj ET Q q 0 0 0 rg BT 459.45 404.20 Td (to ) Tj ET Q q 0 0 0 rg BT 471.79 404.20 Td (the ) Tj ET Q q 0 0 0 rg BT 490.25 404.20 Td (PTCs ) Tj ET Q q 0 0 0 rg BT 520.92 404.20 Td (resulting ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 391.00 Td (from ) Tj ET Q q 0 0 0 rg BT 74.38 391.00 Td (refined ) Tj ET Q q 0 0 0 rg BT 110.88 391.00 Td (coal ) Tj ET Q q 0 0 0 rg BT 133.94 391.00 Td (production. ) Tj ET Q q 0 0 0 rg BT 190.67 391.00 Td (As ) Tj ET Q q 0 0 0 rg BT 206.38 391.00 Td (of ) Tj ET Q q 0 0 0 rg BT 218.43 391.00 Td (December ) Tj ET Q q 0 0 0 rg BT 272.05 391.00 Td (31, ) Tj ET Q q 0 0 0 rg BT 290.21 391.00 Td (2015 ) Tj ET Q q 0 0 0 rg BT 317.56 391.00 Td (and ) Tj ET Q q 0 0 0 rg BT 338.79 391.00 Td (December ) Tj ET Q q 0 0 0 rg BT 392.41 391.00 Td (31, ) Tj ET Q q 0 0 0 rg BT 410.57 391.00 Td (2014, ) Tj ET Q q 0 0 0 rg BT 440.97 391.00 Td (respectively) Tj ET Q q 0 0 0 rg BT 498.24 391.00 Td (, ) Tj ET Q q 0 0 0 rg BT 504.17 391.00 Td (two ) Tj ET Q q 0 0 0 rg BT 524.16 391.00 Td (and ) Tj ET Q q 0 0 0 rg BT 545.39 391.00 Td (five ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 377.80 Td (of ) Tj ET Q q 0 0 0 rg BT 61.73 377.80 Td (the ) Tj ET Q q 0 0 0 rg BT 80.08 377.80 Td (RC ) Tj ET Q q 0 0 0 rg BT 99.02 377.80 Td (Facilities ) Tj ET Q q 0 0 0 rg BT 144.86 377.80 Td (were ) Tj ET Q q 0 0 0 rg BT 171.76 377.80 Td (producing ) Tj ET Q q 0 0 0 rg BT 223.13 377.80 Td (refined ) Tj ET Q q 0 0 0 rg BT 259.82 377.80 Td (coal ) Tj ET Q q 0 0 0 rg BT 283.06 377.80 Td (and ) Tj ET Q q 0 0 0 rg BT 304.47 377.80 Td (generating ) Tj ET Q q 0 0 0 rg BT 359.51 377.80 Td (PTCs ) Tj ET Q q 0 0 0 rg BT 390.06 377.80 Td (for ) Tj ET Q q 0 0 0 rg BT 405.96 377.80 Td (the ) Tj ET Q q 0 0 0 rg BT 424.31 377.80 Td (Members.) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 352.60 Td (Clean ) Tj ET Q q 0 0 0 rg BT 81.14 352.60 Td (Coal ) Tj ET Q q 0 0 0 rg BT 106.66 352.60 Td (Solutions ) Tj ET Q q 0 0 0 rg BT 154.80 352.60 Td (Services, ) Tj ET Q q 0 0 0 rg BT 202.94 352.60 Td (LLC ) Tj ET Q q 0 0 0 rg BT 226.01 352.60 Td (\(CCSS\) ) Tj ET Q q 0 0 0 rg BT 274.12 352.60 Td (was ) Tj ET Q q 0 0 0 rg BT 296.58 352.60 Td (formed ) Tj ET Q q 0 0 0 rg BT 333.71 352.60 Td (to ) Tj ET Q q 0 0 0 rg BT 345.78 352.60 Td (operate ) Tj ET Q q 0 0 0 rg BT 385.99 352.60 Td (and ) Tj ET Q q 0 0 0 rg BT 407.24 352.60 Td (maintain ) Tj ET Q q 0 0 0 rg BT 451.71 352.60 Td (the ) Tj ET Q q 0 0 0 rg BT 469.90 352.60 Td (RC ) Tj ET Q q 0 0 0 rg BT 488.68 352.60 Td (Facilities ) Tj ET Q q 0 0 0 rg BT 534.37 352.60 Td (under ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 339.40 Td (respective ) Tj ET Q q 0 0 0 rg BT 103.04 339.40 Td (operating ) Tj ET Q q 0 0 0 rg BT 152.32 339.40 Td (and ) Tj ET Q q 0 0 0 rg BT 174.08 339.40 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 240.48 339.40 Td (agreements. ) Tj ET Q q 0 0 0 rg BT 305.03 339.40 Td (CCSS ) Tj ET Q q 0 0 0 rg BT 339.00 339.40 Td (is ) Tj ET Q q 0 0 0 rg BT 350.35 339.40 Td (owned ) Tj ET Q q 0 0 0 rg BT 386.17 339.40 Td (50% ) Tj ET Q q 0 0 0 rg BT 411.60 339.40 Td (each ) Tj ET Q q 0 0 0 rg BT 438.86 339.40 Td (by ) Tj ET Q q 0 0 0 rg BT 453.21 339.40 Td (ADA) Tj ET Q q 0 0 0 rg BT 475.22 339.40 Td ( ) Tj ET Q q 0 0 0 rg BT 478.63 339.40 Td (and ) Tj ET Q q 0 0 0 rg BT 500.39 339.40 Td (NexGen ) Tj ET Q q 0 0 0 rg BT 544.15 339.40 Td (and ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 326.20 Td (is ) Tj ET Q q 0 0 0 rg BT 60.46 326.20 Td (not ) Tj ET Q q 0 0 0 rg BT 78.78 326.20 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 143.56 326.20 Td (with ) Tj ET Q q 0 0 0 rg BT 166.15 326.20 Td (the ) Tj ET Q q 0 0 0 rg BT 184.46 326.20 Td (accounts ) Tj ET Q q 0 0 0 rg BT 231.51 326.20 Td (of ) Tj ET Q q 0 0 0 rg BT 243.70 326.20 Td (Clean ) Tj ET Q q 0 0 0 rg BT 275.46 326.20 Td (Coal. ) Tj ET Q q 0 0 0 rg BT 304.16 326.20 Td (Lessees ) Tj ET Q q 0 0 0 rg BT 348.15 326.20 Td (of ) Tj ET Q q 0 0 0 rg BT 360.35 326.20 Td (RC ) Tj ET Q q 0 0 0 rg BT 379.25 326.20 Td (Facilities, ) Tj ET Q q 0 0 0 rg BT 428.12 326.20 Td (and ) Tj ET Q q 0 0 0 rg BT 449.49 326.20 Td (Clean ) Tj ET Q q 0 0 0 rg BT 481.25 326.20 Td (Coal ) Tj ET Q q 0 0 0 rg BT 506.90 326.20 Td (for ) Tj ET Q q 0 0 0 rg BT 522.75 326.20 Td (retained ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 313.00 Td (RC ) Tj ET Q q 0 0 0 rg BT 68.32 313.00 Td (Facilities, ) Tj ET Q q 0 0 0 rg BT 117.10 313.00 Td (pay ) Tj ET Q q 0 0 0 rg BT 137.78 313.00 Td (CCSS, ) Tj ET Q q 0 0 0 rg BT 174.33 313.00 Td (subject ) Tj ET Q q 0 0 0 rg BT 212.12 313.00 Td (to ) Tj ET Q q 0 0 0 rg BT 224.23 313.00 Td (certain ) Tj ET Q q 0 0 0 rg BT 260.19 313.00 Td (limitations, ) Tj ET Q q 0 0 0 rg BT 315.08 313.00 Td (a ) Tj ET Q q 0 0 0 rg BT 324.14 313.00 Td (fee ) Tj ET Q q 0 0 0 rg BT 342.37 313.00 Td (for ) Tj ET Q q 0 0 0 rg BT 358.14 313.00 Td (procuring ) Tj ET Q q 0 0 0 rg BT 406.93 313.00 Td (certain ) Tj ET Q q 0 0 0 rg BT 442.89 313.00 Td (patented ) Tj ET Q q 0 0 0 rg BT 488.64 313.00 Td (and ) Tj ET Q q 0 0 0 rg BT 509.93 313.00 Td (proprietary ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 299.80 Td (chemical ) Tj ET Q q 0 0 0 rg BT 96.75 299.80 Td (additives ) Tj ET Q q 0 0 0 rg BT 144.01 299.80 Td (\(Chemicals\) ) Tj ET Q q 0 0 0 rg BT 213.85 299.80 Td (necessary ) Tj ET Q q 0 0 0 rg BT 267.83 299.80 Td (for ) Tj ET Q q 0 0 0 rg BT 284.51 299.80 Td (the ) Tj ET Q q 0 0 0 rg BT 303.65 299.80 Td (production ) Tj ET Q q 0 0 0 rg BT 358.86 299.80 Td (of ) Tj ET Q q 0 0 0 rg BT 371.88 299.80 Td (refined ) Tj ET Q q 0 0 0 rg BT 409.36 299.80 Td (coal, ) Tj ET Q q 0 0 0 rg BT 436.44 299.80 Td (and ) Tj ET Q q 0 0 0 rg BT 458.63 299.80 Td (for ) Tj ET Q q 0 0 0 rg BT 475.31 299.80 Td (the ) Tj ET Q q 0 0 0 rg BT 494.45 299.80 Td (operating ) Tj ET Q q 0 0 0 rg BT 544.16 299.80 Td (and ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 286.60 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 115.54 286.60 Td (costs ) Tj ET Q q 0 0 0 rg BT 144.27 286.60 Td (associated ) Tj ET Q q 0 0 0 rg BT 199.92 286.60 Td (with ) Tj ET Q q 0 0 0 rg BT 222.54 286.60 Td (the ) Tj ET Q q 0 0 0 rg BT 240.88 286.60 Td (RC ) Tj ET Q q 0 0 0 rg BT 259.83 286.60 Td (Facilities. ) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 49.50 261.40 Td (Basis ) Tj ET Q q 0 0 0 rg BT 81.91 261.40 Td (of ) Tj ET Q q 0 0 0 rg BT 95.35 261.40 Td (Presentation) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 236.20 Td (The ) Tj ET Q q 0 0 0 rg BT 70.06 236.20 Td (accompanying ) Tj ET Q q 0 0 0 rg BT 142.61 236.20 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 205.98 236.20 Td (financial ) Tj ET Q q 0 0 0 rg BT 247.95 236.20 Td (statements ) Tj ET Q q 0 0 0 rg BT 303.37 236.20 Td (are ) Tj ET Q q 0 0 0 rg BT 320.87 236.20 Td (presented ) Tj ET Q q 0 0 0 rg BT 371.41 236.20 Td (in ) Tj ET Q q 0 0 0 rg BT 381.58 236.20 Td (accordance ) Tj ET Q q 0 0 0 rg BT 440.06 236.20 Td (with ) Tj ET Q q 0 0 0 rg BT 461.23 236.20 Td (accounting ) Tj ET Q q 0 0 0 rg BT 516.05 236.20 Td (principles ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 223.00 Td (generally ) Tj ET Q q 0 0 0 rg BT 98.05 223.00 Td (accepted ) Tj ET Q q 0 0 0 rg BT 146.61 223.00 Td (in ) Tj ET Q q 0 0 0 rg BT 159.09 223.00 Td (the ) Tj ET Q q 0 0 0 rg BT 178.29 223.00 Td (United ) Tj ET Q q 0 0 0 rg BT 214.00 223.00 Td (States ) Tj ET Q q 0 0 0 rg BT 249.10 223.00 Td (\(GAAP\). ) Tj ET Q q 0 0 0 rg BT 301.04 223.00 Td (The ) Tj ET Q q 0 0 0 rg BT 323.91 223.00 Td (accompanying ) Tj ET Q q 0 0 0 rg BT 398.75 223.00 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 464.43 223.00 Td (financial ) Tj ET Q q 0 0 0 rg BT 508.71 223.00 Td (statements ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 209.80 Td (include ) Tj ET Q q 0 0 0 rg BT 86.91 209.80 Td (the ) Tj ET Q q 0 0 0 rg BT 104.76 209.80 Td (accounts ) Tj ET Q q 0 0 0 rg BT 151.34 209.80 Td (of ) Tj ET Q q 0 0 0 rg BT 163.06 209.80 Td (the ) Tj ET Q q 0 0 0 rg BT 180.91 209.80 Td (Company ) Tj ET Q q 0 0 0 rg BT 230.54 209.80 Td (and ) Tj ET Q q 0 0 0 rg BT 251.45 209.80 Td (one ) Tj ET Q q 0 0 0 rg BT 272.35 209.80 Td (VIE ) Tj ET Q q 0 0 0 rg BT 292.63 209.80 Td (for ) Tj ET Q q 0 0 0 rg BT 308.02 209.80 Td (which ) Tj ET Q q 0 0 0 rg BT 338.70 209.80 Td (Clean ) Tj ET Q q 0 0 0 rg BT 370.00 209.80 Td (Coal ) Tj ET Q q 0 0 0 rg BT 395.17 209.80 Td (is ) Tj ET Q q 0 0 0 rg BT 405.67 209.80 Td (the ) Tj ET Q q 0 0 0 rg BT 423.51 209.80 Td (primary ) Tj ET Q q 0 0 0 rg BT 462.73 209.80 Td (beneficiary) Tj ET Q q 0 0 0 rg BT 515.11 209.80 Td (. ) Tj ET Q q 0 0 0 rg BT 520.22 209.80 Td (An ) Tj ET Q q 0 0 0 rg BT 536.22 209.80 Td (entity ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 196.60 Td (is ) Tj ET Q q 0 0 0 rg BT 60.94 196.60 Td (referred ) Tj ET Q q 0 0 0 rg BT 102.96 196.60 Td (to ) Tj ET Q q 0 0 0 rg BT 115.63 196.60 Td (as ) Tj ET Q q 0 0 0 rg BT 130.75 196.60 Td (a ) Tj ET Q q 0 0 0 rg BT 140.37 196.60 Td (VIE ) Tj ET Q q 0 0 0 rg BT 161.60 196.60 Td (if ) Tj ET Q q 0 0 0 rg BT 170.60 196.60 Td (it ) Tj ET Q q 0 0 0 rg BT 179.60 196.60 Td (meets ) Tj ET Q q 0 0 0 rg BT 213.05 196.60 Td (the ) Tj ET Q q 0 0 0 rg BT 231.84 196.60 Td (criteria ) Tj ET Q q 0 0 0 rg BT 268.35 196.60 Td (outlined ) Tj ET Q q 0 0 0 rg BT 310.38 196.60 Td (in ) Tj ET Q q 0 0 0 rg BT 321.74 196.60 Td (ASC ) Tj ET Q q 0 0 0 rg BT 347.86 196.60 Td (810 ) Tj ET Q q 0 0 0 rg BT 369.71 196.60 Td (- ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 376.88 196.60 Td (Consolidation) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 443.53 196.60 Td (, ) Tj ET Q q 0 0 0 rg BT 450.09 196.60 Td (which ) Tj ET Q q 0 0 0 rg BT 481.71 196.60 Td (are: ) Tj ET Q q 0 0 0 rg BT 504.16 196.60 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 517.43 196.60 Td (the ) Tj ET Q q 0 0 0 rg BT 536.22 196.60 Td (entity ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 183.40 Td (has ) Tj ET Q q 0 0 0 rg BT 71.45 183.40 Td (equity ) Tj ET Q q 0 0 0 rg BT 105.01 183.40 Td (that ) Tj ET Q q 0 0 0 rg BT 127.57 183.40 Td (is ) Tj ET Q q 0 0 0 rg BT 139.72 183.40 Td (insuf) Tj ET Q q 0 0 0 rg BT 162.76 183.40 Td (ficient ) Tj ET Q q 0 0 0 rg BT 195.71 183.40 Td (to ) Tj ET Q q 0 0 0 rg BT 209.09 183.40 Td (permit ) Tj ET Q q 0 0 0 rg BT 243.86 183.40 Td (the ) Tj ET Q q 0 0 0 rg BT 263.37 183.40 Td (entity ) Tj ET Q q 0 0 0 rg BT 293.87 183.40 Td (to ) Tj ET Q q 0 0 0 rg BT 307.25 183.40 Td (finance ) Tj ET Q q 0 0 0 rg BT 346.94 183.40 Td (its ) Tj ET Q q 0 0 0 rg BT 362.15 183.40 Td (activities ) Tj ET Q q 0 0 0 rg BT 408.54 183.40 Td (without ) Tj ET Q q 0 0 0 rg BT 447.60 183.40 Td (additional ) Tj ET Q q 0 0 0 rg BT 498.90 183.40 Td (subordinated ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 170.20 Td (financial ) Tj ET Q q 0 0 0 rg BT 91.43 170.20 Td (support ) Tj ET Q q 0 0 0 rg BT 129.69 170.20 Td (from ) Tj ET Q q 0 0 0 rg BT 153.25 170.20 Td (other ) Tj ET Q q 0 0 0 rg BT 179.89 170.20 Td (parties; ) Tj ET Q q 0 0 0 rg BT 217.53 170.20 Td (or ) Tj ET Q q 0 0 0 rg BT 228.88 170.20 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 242.67 170.20 Td (the ) Tj ET Q q 0 0 0 rg BT 259.53 170.20 Td (entity ) Tj ET Q q 0 0 0 rg BT 287.39 170.20 Td (has ) Tj ET Q q 0 0 0 rg BT 306.69 170.20 Td (equity ) Tj ET Q q 0 0 0 rg BT 337.61 170.20 Td (investors ) Tj ET Q q 0 0 0 rg BT 383.20 170.20 Td (that ) Tj ET Q q 0 0 0 rg BT 403.11 170.20 Td (cannot ) Tj ET Q q 0 0 0 rg BT 437.71 170.20 Td (make ) Tj ET Q q 0 0 0 rg BT 466.17 170.20 Td (significant ) Tj ET Q q 0 0 0 rg BT 516.66 170.20 Td (decisions ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 157.00 Td (about ) Tj ET Q q 0 0 0 rg BT 79.99 157.00 Td (the ) Tj ET Q q 0 0 0 rg BT 98.25 157.00 Td (entity) Tj ET Q q 0 0 0 rg BT 126.78 157.00 Td (s ) Tj ET Q q 0 0 0 rg BT 135.25 157.00 Td (operations ) Tj ET Q q 0 0 0 rg BT 189.58 157.00 Td (or ) Tj ET Q q 0 0 0 rg BT 202.32 157.00 Td (that ) Tj ET Q q 0 0 0 rg BT 223.64 157.00 Td (do ) Tj ET Q q 0 0 0 rg BT 238.83 157.00 Td (not ) Tj ET Q q 0 0 0 rg BT 257.09 157.00 Td (absorb ) Tj ET Q q 0 0 0 rg BT 293.69 157.00 Td (their ) Tj ET Q q 0 0 0 rg BT 318.05 157.00 Td (proportionate ) Tj ET Q q 0 0 0 rg BT 385.84 157.00 Td (share ) Tj ET Q q 0 0 0 rg BT 416.32 157.00 Td (of ) Tj ET Q q 0 0 0 rg BT 428.46 157.00 Td (the ) Tj ET Q q 0 0 0 rg BT 446.71 157.00 Td (entity) Tj ET Q q 0 0 0 rg BT 475.25 157.00 Td (s ) Tj ET Q q 0 0 0 rg BT 483.71 157.00 Td (expected ) Tj ET Q q 0 0 0 rg BT 531.32 157.00 Td (losses ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 143.80 Td (or ) Tj ET Q q 0 0 0 rg BT 62.34 143.80 Td (expected ) Tj ET Q q 0 0 0 rg BT 110.04 143.80 Td (returns.) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 118.60 Td (The ) Tj ET Q q 0 0 0 rg BT 71.58 118.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 121.79 118.60 Td (consolidates ) Tj ET Q q 0 0 0 rg BT 186.07 118.60 Td (a ) Tj ET Q q 0 0 0 rg BT 195.32 118.60 Td (VIE ) Tj ET Q q 0 0 0 rg BT 216.18 118.60 Td (when ) Tj ET Q q 0 0 0 rg BT 245.60 118.60 Td (it ) Tj ET Q q 0 0 0 rg BT 254.23 118.60 Td (has ) Tj ET Q q 0 0 0 rg BT 275.10 118.60 Td (both ) Tj ET Q q 0 0 0 rg BT 299.64 118.60 Td (the ) Tj ET Q q 0 0 0 rg BT 318.06 118.60 Td (power ) Tj ET Q q 0 0 0 rg BT 351.15 118.60 Td (to ) Tj ET Q q 0 0 0 rg BT 363.45 118.60 Td (direct ) Tj ET Q q 0 0 0 rg BT 393.48 118.60 Td (the ) Tj ET Q q 0 0 0 rg BT 411.90 118.60 Td (activities ) Tj ET Q q 0 0 0 rg BT 457.21 118.60 Td (that ) Tj ET Q q 0 0 0 rg BT 478.68 118.60 Td (most ) Tj ET Q q 0 0 0 rg BT 505.65 118.60 Td (significantly ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 105.40 Td (impact ) Tj ET Q q 0 0 0 rg BT 84.64 105.40 Td (the ) Tj ET Q q 0 0 0 rg BT 102.68 105.40 Td (VIE) Tj ET Q q 0 0 0 rg BT 122.65 105.40 Td (s ) Tj ET Q q 0 0 0 rg BT 130.90 105.40 Td (economic ) Tj ET Q q 0 0 0 rg BT 180.72 105.40 Td (performance ) Tj ET Q q 0 0 0 rg BT 245.21 105.40 Td (and ) Tj ET Q q 0 0 0 rg BT 266.31 105.40 Td (a ) Tj ET Q q 0 0 0 rg BT 275.17 105.40 Td (right ) Tj ET Q q 0 0 0 rg BT 299.32 105.40 Td (to ) Tj ET Q q 0 0 0 rg BT 311.23 105.40 Td (receive ) Tj ET Q q 0 0 0 rg BT 349.44 105.40 Td (benefits ) Tj ET Q q 0 0 0 rg BT 390.71 105.40 Td (or ) Tj ET Q q 0 0 0 rg BT 403.23 105.40 Td (the ) Tj ET Q q 0 0 0 rg BT 421.27 105.40 Td (obligation ) Tj ET Q q 0 0 0 rg BT 471.11 105.40 Td (to ) Tj ET Q q 0 0 0 rg BT 483.03 105.40 Td (absorb ) Tj ET Q q 0 0 0 rg BT 519.40 105.40 Td (losses ) Tj ET Q q 0 0 0 rg BT 553.33 105.40 Td (of ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 92.20 Td (the ) Tj ET Q q 0 0 0 rg BT 67.54 92.20 Td (entity ) Tj ET Q q 0 0 0 rg BT 96.58 92.20 Td (that ) Tj ET Q q 0 0 0 rg BT 117.68 92.20 Td (could ) Tj ET Q q 0 0 0 rg BT 146.72 92.20 Td (be ) Tj ET Q q 0 0 0 rg BT 161.71 92.20 Td (potentially ) Tj ET Q q 0 0 0 rg BT 213.99 92.20 Td (significant ) Tj ET Q q 0 0 0 rg BT 265.65 92.20 Td (to ) Tj ET Q q 0 0 0 rg BT 277.57 92.20 Td (the ) Tj ET Q q 0 0 0 rg BT 295.61 92.20 Td (VIE ) Tj ET Q q 0 0 0 rg BT 316.09 92.20 Td (\(i.e., ) Tj ET Q q 0 0 0 rg BT 340.23 92.20 Td (it ) Tj ET Q q 0 0 0 rg BT 348.48 92.20 Td (is ) Tj ET Q q 0 0 0 rg BT 359.17 92.20 Td (the ) Tj ET Q q 0 0 0 rg BT 377.21 92.20 Td (primary ) Tj ET Q q 0 0 0 rg BT 416.63 92.20 Td (beneficiary\). ) Tj ET Q q 0 0 0 rg BT 479.29 92.20 Td ( ) Tj ET Q q 0 0 0 rg BT 481.50 92.20 Td (All ) Tj ET Q q 0 0 0 rg BT 496.47 92.20 Td (intercompany ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 79.00 Td (balances ) Tj ET Q q 0 0 0 rg BT 95.87 79.00 Td (and ) Tj ET Q q 0 0 0 rg BT 116.56 79.00 Td (transactions ) Tj ET Q q 0 0 0 rg BT 178.21 79.00 Td (have ) Tj ET Q q 0 0 0 rg BT 204.41 79.00 Td (been ) Tj ET Q q 0 0 0 rg BT 231.22 79.00 Td (eliminated ) Tj ET Q q 0 0 0 rg BT 283.69 79.00 Td (in ) Tj ET Q q 0 0 0 rg BT 294.60 79.00 Td (consolidation. ) Tj ET Q q 0 0 0 rg BT 364.20 79.00 Td (Certain ) Tj ET Q q 0 0 0 rg BT 402.00 79.00 Td (reclassifications ) Tj ET Q q 0 0 0 rg BT 481.98 79.00 Td (have ) Tj ET Q q 0 0 0 rg BT 508.18 79.00 Td (been ) Tj ET Q q 0 0 0 rg BT 534.99 79.00 Td (made ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 65.80 Td (to ) Tj ET Q q 0 0 0 rg BT 60.48 65.80 Td (the ) Tj ET Q q 0 0 0 rg BT 77.58 65.80 Td (prior ) Tj ET Q q 0 0 0 rg BT 101.39 65.80 Td (period ) Tj ET Q q 0 0 0 rg BT 133.77 65.80 Td (to ) Tj ET Q q 0 0 0 rg BT 144.75 65.80 Td (conform ) Tj ET Q q 0 0 0 rg BT 186.29 65.80 Td (to ) Tj ET Q q 0 0 0 rg BT 197.27 65.80 Td (the ) Tj ET Q q 0 0 0 rg BT 214.37 65.80 Td (current ) Tj ET Q q 0 0 0 rg BT 250.41 65.80 Td (year ) Tj ET Q q 0 0 0 rg BT 273.61 65.80 Td (presentation. ) Tj ET Q q 0 0 0 rg BT 338.90 65.80 Td (The ) Tj ET Q q 0 0 0 rg BT 359.66 65.80 Td (reclassifications ) Tj ET Q q 0 0 0 rg BT 439.11 65.80 Td (did ) Tj ET Q q 0 0 0 rg BT 455.59 65.80 Td (not ) Tj ET Q q 0 0 0 rg BT 472.69 65.80 Td (impact ) Tj ET Q q 0 0 0 rg BT 506.89 65.80 Td (net ) Tj ET Q q 0 0 0 rg BT 523.99 65.80 Td (income.) Tj ET Q endstream endobj 305 0 obj <> endobj 306 0 obj <> stream BT /F5 11.00 Tf ET q 0 0 0 rg BT 168.80 771.50 Td (CLEAN COAL) Tj ET Q q 0 0 0 rg BT 240.71 771.50 Td ( SOLUTIONS, LLC ) Tj ET Q q 0 0 0 rg BT 338.08 771.50 Td (AND SUBSIDIARIES) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 163.80 758.30 Td (NOTES T) Tj ET Q q 0 0 0 rg BT 211.27 758.30 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 288.07 758.30 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 372.19 758.30 Td ( ST) Tj ET Q q 0 0 0 rg BT 388.49 758.30 Td (A) Tj ET Q q 0 0 0 rg BT 395.62 758.30 Td (TEMENTS) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 209.25 745.10 Td (DECEMBER 31, 2015, 2014 ) Tj ET Q q 0 0 0 rg BT 351.30 745.10 Td (AND 2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 33.60 Td (149) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 49.50 703.00 Td (Use ) Tj ET Q q 0 0 0 rg BT 72.74 703.00 Td (of ) Tj ET Q q 0 0 0 rg BT 86.17 703.00 Td (Estimates) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 677.80 Td (The ) Tj ET Q q 0 0 0 rg BT 71.43 677.80 Td (preparation ) Tj ET Q q 0 0 0 rg BT 130.06 677.80 Td (of ) Tj ET Q q 0 0 0 rg BT 142.22 677.80 Td (financial ) Tj ET Q q 0 0 0 rg BT 185.56 677.80 Td (statements ) Tj ET Q q 0 0 0 rg BT 242.34 677.80 Td (in ) Tj ET Q q 0 0 0 rg BT 253.88 677.80 Td (conformity ) Tj ET Q q 0 0 0 rg BT 307.60 677.80 Td (with ) Tj ET Q q 0 0 0 rg BT 330.14 677.80 Td (GAAP) Tj ET Q q 0 0 0 rg BT 360.51 677.80 Td ( ) Tj ET Q q 0 0 0 rg BT 363.49 677.80 Td (requires ) Tj ET Q q 0 0 0 rg BT 406.21 677.80 Td (management ) Tj ET Q q 0 0 0 rg BT 473.39 677.80 Td (to ) Tj ET Q q 0 0 0 rg BT 485.55 677.80 Td (make ) Tj ET Q q 0 0 0 rg BT 515.42 677.80 Td (estimates ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 664.60 Td (and ) Tj ET Q q 0 0 0 rg BT 69.78 664.60 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 133.46 664.60 Td (that ) Tj ET Q q 0 0 0 rg BT 153.73 664.60 Td (af) Tj ET Q q 0 0 0 rg BT 162.71 664.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 182.36 664.60 Td (the ) Tj ET Q q 0 0 0 rg BT 199.58 664.60 Td (reported ) Tj ET Q q 0 0 0 rg BT 242.48 664.60 Td (amounts ) Tj ET Q q 0 0 0 rg BT 286.59 664.60 Td (of ) Tj ET Q q 0 0 0 rg BT 297.69 664.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 331.41 664.60 Td (and ) Tj ET Q q 0 0 0 rg BT 351.69 664.60 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 395.19 664.60 Td (and ) Tj ET Q q 0 0 0 rg BT 415.47 664.60 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 466.92 664.60 Td (of ) Tj ET Q q 0 0 0 rg BT 478.02 664.60 Td (contingent ) Tj ET Q q 0 0 0 rg BT 530.70 664.60 Td (assets ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 651.40 Td (and ) Tj ET Q q 0 0 0 rg BT 71.44 651.40 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 116.60 651.40 Td (at ) Tj ET Q q 0 0 0 rg BT 129.36 651.40 Td (the ) Tj ET Q q 0 0 0 rg BT 148.24 651.40 Td (date ) Tj ET Q q 0 0 0 rg BT 173.24 651.40 Td (of ) Tj ET Q q 0 0 0 rg BT 186.00 651.40 Td (the ) Tj ET Q q 0 0 0 rg BT 204.88 651.40 Td (financial ) Tj ET Q q 0 0 0 rg BT 248.82 651.40 Td (statements ) Tj ET Q q 0 0 0 rg BT 306.21 651.40 Td (and ) Tj ET Q q 0 0 0 rg BT 328.15 651.40 Td (the ) Tj ET Q q 0 0 0 rg BT 347.03 651.40 Td (reported ) Tj ET Q q 0 0 0 rg BT 391.59 651.40 Td (amounts ) Tj ET Q q 0 0 0 rg BT 437.37 651.40 Td (of ) Tj ET Q q 0 0 0 rg BT 450.13 651.40 Td (revenue ) Tj ET Q q 0 0 0 rg BT 493.47 651.40 Td (and ) Tj ET Q q 0 0 0 rg BT 515.41 651.40 Td (expenses ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 638.20 Td (during ) Tj ET Q q 0 0 0 rg BT 82.78 638.20 Td (the ) Tj ET Q q 0 0 0 rg BT 100.78 638.20 Td (reporting ) Tj ET Q q 0 0 0 rg BT 146.90 638.20 Td (period. ) Tj ET Q q 0 0 0 rg BT 183.24 638.20 Td (Management ) Tj ET Q q 0 0 0 rg BT 250.15 638.20 Td (bases ) Tj ET Q q 0 0 0 rg BT 282.21 638.20 Td (its ) Tj ET Q q 0 0 0 rg BT 295.92 638.20 Td (estimates ) Tj ET Q q 0 0 0 rg BT 345.69 638.20 Td (on ) Tj ET Q q 0 0 0 rg BT 360.63 638.20 Td (historical ) Tj ET Q q 0 0 0 rg BT 406.74 638.20 Td (experience ) Tj ET Q q 0 0 0 rg BT 463.26 638.20 Td (and ) Tj ET Q q 0 0 0 rg BT 484.32 638.20 Td (on ) Tj ET Q q 0 0 0 rg BT 499.26 638.20 Td (various ) Tj ET Q q 0 0 0 rg BT 537.43 638.20 Td (other ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 625.00 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 113.65 625.00 Td (that ) Tj ET Q q 0 0 0 rg BT 134.40 625.00 Td (are ) Tj ET Q q 0 0 0 rg BT 152.70 625.00 Td (believed ) Tj ET Q q 0 0 0 rg BT 196.08 625.00 Td (to ) Tj ET Q q 0 0 0 rg BT 207.65 625.00 Td (be ) Tj ET Q q 0 0 0 rg BT 222.29 625.00 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 279.12 625.00 Td (under ) Tj ET Q q 0 0 0 rg BT 309.65 625.00 Td (the ) Tj ET Q q 0 0 0 rg BT 327.35 625.00 Td (circumstances. ) Tj ET Q q 0 0 0 rg BT 403.10 625.00 Td (Ultimate ) Tj ET Q q 0 0 0 rg BT 445.84 625.00 Td (realization ) Tj ET Q q 0 0 0 rg BT 498.38 625.00 Td (of ) Tj ET Q q 0 0 0 rg BT 509.96 625.00 Td (assets ) Tj ET Q q 0 0 0 rg BT 544.15 625.00 Td (and ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 611.80 Td (settlement ) Tj ET Q q 0 0 0 rg BT 103.30 611.80 Td (of ) Tj ET Q q 0 0 0 rg BT 115.53 611.80 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 160.16 611.80 Td (in ) Tj ET Q q 0 0 0 rg BT 171.78 611.80 Td (the ) Tj ET Q q 0 0 0 rg BT 190.13 611.80 Td (future ) Tj ET Q q 0 0 0 rg BT 221.31 611.80 Td (could ) Tj ET Q q 0 0 0 rg BT 250.66 611.80 Td (dif) Tj ET Q q 0 0 0 rg BT 262.08 611.80 Td (fer ) Tj ET Q q 0 0 0 rg BT 277.98 611.80 Td (from ) Tj ET Q q 0 0 0 rg BT 303.03 611.80 Td (those ) Tj ET Q q 0 0 0 rg BT 333.00 611.80 Td (estimates.) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 586.60 Td (During ) Tj ET Q q 0 0 0 rg BT 85.50 586.60 Td (the ) Tj ET Q q 0 0 0 rg BT 104.38 586.60 Td (fourth ) Tj ET Q q 0 0 0 rg BT 136.10 586.60 Td (quarter ) Tj ET Q q 0 0 0 rg BT 174.54 586.60 Td (of ) Tj ET Q q 0 0 0 rg BT 187.31 586.60 Td (2013, ) Tj ET Q q 0 0 0 rg BT 218.43 586.60 Td (the ) Tj ET Q q 0 0 0 rg BT 237.31 586.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 287.98 586.60 Td (reevaluated ) Tj ET Q q 0 0 0 rg BT 349.06 586.60 Td (the ) Tj ET Q q 0 0 0 rg BT 367.94 586.60 Td (estimated ) Tj ET Q q 0 0 0 rg BT 419.22 586.60 Td (useful ) Tj ET Q q 0 0 0 rg BT 452.17 586.60 Td (life ) Tj ET Q q 0 0 0 rg BT 469.82 586.60 Td (of ) Tj ET Q q 0 0 0 rg BT 482.59 586.60 Td (its ) Tj ET Q q 0 0 0 rg BT 497.18 586.60 Td (RC ) Tj ET Q q 0 0 0 rg BT 516.66 586.60 Td (Facilities. ) Tj ET Q q 0 0 0 rg BT 565.56 586.60 Td ( ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 573.40 Td (As ) Tj ET Q q 0 0 0 rg BT 65.70 573.40 Td (a ) Tj ET Q q 0 0 0 rg BT 75.18 573.40 Td (result ) Tj ET Q q 0 0 0 rg BT 105.44 573.40 Td (of ) Tj ET Q q 0 0 0 rg BT 117.98 573.40 Td (the ) Tj ET Q q 0 0 0 rg BT 136.63 573.40 Td (maturity ) Tj ET Q q 0 0 0 rg BT 179.11 573.40 Td (of ) Tj ET Q q 0 0 0 rg BT 191.65 573.40 Td (the ) Tj ET Q q 0 0 0 rg BT 210.30 573.40 Td (underlying ) Tj ET Q q 0 0 0 rg BT 264.42 573.40 Td (technology ) Tj ET Q q 0 0 0 rg BT 320.99 573.40 Td (and ) Tj ET Q q 0 0 0 rg BT 342.70 573.40 Td (the ) Tj ET Q q 0 0 0 rg BT 361.36 573.40 Td (expressed ) Tj ET Q q 0 0 0 rg BT 415.47 573.40 Td (desire ) Tj ET Q q 0 0 0 rg BT 448.79 573.40 Td (from ) Tj ET Q q 0 0 0 rg BT 474.15 573.40 Td (certain ) Tj ET Q q 0 0 0 rg BT 510.53 573.40 Td (generation ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 560.20 Td (customers ) Tj ET Q q 0 0 0 rg BT 101.83 560.20 Td (\(Generators\) ) Tj ET Q q 0 0 0 rg BT 173.10 560.20 Td ( ) Tj ET Q q 0 0 0 rg BT 174.69 560.20 Td (to ) Tj ET Q q 0 0 0 rg BT 185.45 560.20 Td (maintain ) Tj ET Q q 0 0 0 rg BT 228.62 560.20 Td (use ) Tj ET Q q 0 0 0 rg BT 247.95 560.20 Td (of ) Tj ET Q q 0 0 0 rg BT 258.71 560.20 Td (the ) Tj ET Q q 0 0 0 rg BT 275.59 560.20 Td (equipment ) Tj ET Q q 0 0 0 rg BT 328.55 560.20 Td (beyond ) Tj ET Q q 0 0 0 rg BT 366.23 560.20 Td (the ) Tj ET Q q 0 0 0 rg BT 383.11 560.20 Td (PTC ) Tj ET Q q 0 0 0 rg BT 406.71 560.20 Td (period, ) Tj ET Q q 0 0 0 rg BT 441.93 560.20 Td (the ) Tj ET Q q 0 0 0 rg BT 458.81 560.20 Td (Company ) Tj ET Q q 0 0 0 rg BT 507.48 560.20 Td (determined ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 547.00 Td (that ) Tj ET Q q 0 0 0 rg BT 71.08 547.00 Td (the ) Tj ET Q q 0 0 0 rg BT 89.60 547.00 Td (estimated ) Tj ET Q q 0 0 0 rg BT 140.52 547.00 Td (useful ) Tj ET Q q 0 0 0 rg BT 173.10 547.00 Td (life ) Tj ET Q q 0 0 0 rg BT 190.39 547.00 Td (of ) Tj ET Q q 0 0 0 rg BT 202.79 547.00 Td (the ) Tj ET Q q 0 0 0 rg BT 221.32 547.00 Td (RC ) Tj ET Q q 0 0 0 rg BT 240.43 547.00 Td (Facilities ) Tj ET Q q 0 0 0 rg BT 286.45 547.00 Td (should ) Tj ET Q q 0 0 0 rg BT 322.09 547.00 Td (be ) Tj ET Q q 0 0 0 rg BT 337.56 547.00 Td (increased ) Tj ET Q q 0 0 0 rg BT 388.48 547.00 Td (from ) Tj ET Q q 0 0 0 rg BT 413.71 547.00 Td (10 ) Tj ET Q q 0 0 0 rg BT 429.18 547.00 Td (to ) Tj ET Q q 0 0 0 rg BT 441.58 547.00 Td (20 ) Tj ET Q q 0 0 0 rg BT 457.04 547.00 Td (years. ) Tj ET Q q 0 0 0 rg BT 490.23 547.00 Td ( ) Tj ET Q q 0 0 0 rg BT 493.25 547.00 Td (The ) Tj ET Q q 0 0 0 rg BT 515.43 547.00 Td (Company ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 533.80 Td (accounted ) Tj ET Q q 0 0 0 rg BT 104.61 533.80 Td (for ) Tj ET Q q 0 0 0 rg BT 121.79 533.80 Td (the ) Tj ET Q q 0 0 0 rg BT 141.43 533.80 Td (change ) Tj ET Q q 0 0 0 rg BT 181.86 533.80 Td (in ) Tj ET Q q 0 0 0 rg BT 194.77 533.80 Td (the ) Tj ET Q q 0 0 0 rg BT 214.41 533.80 Td (useful ) Tj ET Q q 0 0 0 rg BT 248.10 533.80 Td (life ) Tj ET Q q 0 0 0 rg BT 266.51 533.80 Td (of ) Tj ET Q q 0 0 0 rg BT 280.03 533.80 Td (the ) Tj ET Q q 0 0 0 rg BT 299.67 533.80 Td (RC ) Tj ET Q q 0 0 0 rg BT 319.90 533.80 Td (Facilities ) Tj ET Q q 0 0 0 rg BT 367.03 533.80 Td (as ) Tj ET Q q 0 0 0 rg BT 383.00 533.80 Td (a ) Tj ET Q q 0 0 0 rg BT 393.46 533.80 Td (change ) Tj ET Q q 0 0 0 rg BT 433.90 533.80 Td (in ) Tj ET Q q 0 0 0 rg BT 446.80 533.80 Td (an ) Tj ET Q q 0 0 0 rg BT 463.38 533.80 Td (accounting ) Tj ET Q q 0 0 0 rg BT 520.94 533.80 Td (estimate ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 520.60 Td (beginning ) Tj ET Q q 0 0 0 rg BT 100.27 520.60 Td (October ) Tj ET Q q 0 0 0 rg BT 142.45 520.60 Td (1, ) Tj ET Q q 0 0 0 rg BT 154.68 520.60 Td (2013. ) Tj ET Q q 0 0 0 rg BT 185.27 520.60 Td ( ) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 49.50 495.40 Td (Cash ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 470.20 Td (The ) Tj ET Q q 0 0 0 rg BT 71.70 470.20 Td (Company ) Tj ET Q q 0 0 0 rg BT 122.03 470.20 Td (considers ) Tj ET Q q 0 0 0 rg BT 172.36 470.20 Td (all ) Tj ET Q q 0 0 0 rg BT 186.62 470.20 Td (highly ) Tj ET Q q 0 0 0 rg BT 218.61 470.20 Td (liquid ) Tj ET Q q 0 0 0 rg BT 247.54 470.20 Td (investments ) Tj ET Q q 0 0 0 rg BT 309.48 470.20 Td (with ) Tj ET Q q 0 0 0 rg BT 332.29 470.20 Td (original ) Tj ET Q q 0 0 0 rg BT 371.01 470.20 Td (maturities ) Tj ET Q q 0 0 0 rg BT 421.94 470.20 Td (of ) Tj ET Q q 0 0 0 rg BT 434.36 470.20 Td (three ) Tj ET Q q 0 0 0 rg BT 462.68 470.20 Td (months ) Tj ET Q q 0 0 0 rg BT 502.00 470.20 Td (or ) Tj ET Q q 0 0 0 rg BT 515.04 470.20 Td (less ) Tj ET Q q 0 0 0 rg BT 537.85 470.20 Td (to ) Tj ET Q q 0 0 0 rg BT 550.27 470.20 Td (be ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 457.00 Td (cash ) Tj ET Q q 0 0 0 rg BT 78.40 457.00 Td (equivalents. ) Tj ET Q q 0 0 0 rg BT 142.39 457.00 Td (The ) Tj ET Q q 0 0 0 rg BT 167.01 457.00 Td (carrying ) Tj ET Q q 0 0 0 rg BT 211.79 457.00 Td (value ) Tj ET Q q 0 0 0 rg BT 243.75 457.00 Td (approximates ) Tj ET Q q 0 0 0 rg BT 315.44 457.00 Td (fair ) Tj ET Q q 0 0 0 rg BT 336.38 457.00 Td (value ) Tj ET Q q 0 0 0 rg BT 368.33 457.00 Td (due ) Tj ET Q q 0 0 0 rg BT 392.35 457.00 Td (to ) Tj ET Q q 0 0 0 rg BT 407.18 457.00 Td (the ) Tj ET Q q 0 0 0 rg BT 428.13 457.00 Td (short-term ) Tj ET Q q 0 0 0 rg BT 483.91 457.00 Td (nature ) Tj ET Q q 0 0 0 rg BT 520.76 457.00 Td (of ) Tj ET Q q 0 0 0 rg BT 535.59 457.00 Td (these ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 443.80 Td (instruments. ) Tj ET Q q 0 0 0 rg BT 113.04 443.80 Td (The ) Tj ET Q q 0 0 0 rg BT 135.87 443.80 Td (Company ) Tj ET Q q 0 0 0 rg BT 186.83 443.80 Td (maintains ) Tj ET Q q 0 0 0 rg BT 237.79 443.80 Td (its ) Tj ET Q q 0 0 0 rg BT 252.67 443.80 Td (cash ) Tj ET Q q 0 0 0 rg BT 279.78 443.80 Td (in ) Tj ET Q q 0 0 0 rg BT 292.22 443.80 Td (accounts ) Tj ET Q q 0 0 0 rg BT 340.13 443.80 Td (with ) Tj ET Q q 0 0 0 rg BT 363.57 443.80 Td (a ) Tj ET Q q 0 0 0 rg BT 373.57 443.80 Td (financial ) Tj ET Q q 0 0 0 rg BT 417.81 443.80 Td (institution. ) Tj ET Q q 0 0 0 rg BT 470.96 443.80 Td (These ) Tj ET Q q 0 0 0 rg BT 505.41 443.80 Td (accounts ) Tj ET Q q 0 0 0 rg BT 553.32 443.80 Td (at ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 430.60 Td (times ) Tj ET Q q 0 0 0 rg BT 78.07 430.60 Td (may ) Tj ET Q q 0 0 0 rg BT 101.15 430.60 Td (exceed ) Tj ET Q q 0 0 0 rg BT 138.91 430.60 Td (federally ) Tj ET Q q 0 0 0 rg BT 182.78 430.60 Td (insured ) Tj ET Q q 0 0 0 rg BT 221.15 430.60 Td (limits. ) Tj ET Q q 0 0 0 rg BT 251.41 430.60 Td (The ) Tj ET Q q 0 0 0 rg BT 272.65 430.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 322.03 430.60 Td (has ) Tj ET Q q 0 0 0 rg BT 342.05 430.60 Td (not ) Tj ET Q q 0 0 0 rg BT 359.64 430.60 Td (experienced ) Tj ET Q q 0 0 0 rg BT 421.86 430.60 Td (any ) Tj ET Q q 0 0 0 rg BT 441.89 430.60 Td (losses ) Tj ET Q q 0 0 0 rg BT 475.36 430.60 Td (in ) Tj ET Q q 0 0 0 rg BT 486.22 430.60 Td (these ) Tj ET Q q 0 0 0 rg BT 515.42 430.60 Td (accounts. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 417.40 Td (The ) Tj ET Q q 0 0 0 rg BT 71.51 417.40 Td (Company ) Tj ET Q q 0 0 0 rg BT 121.64 417.40 Td (believes ) Tj ET Q q 0 0 0 rg BT 165.06 417.40 Td (it ) Tj ET Q q 0 0 0 rg BT 173.62 417.40 Td (is ) Tj ET Q q 0 0 0 rg BT 184.62 417.40 Td (not ) Tj ET Q q 0 0 0 rg BT 202.96 417.40 Td (exposed ) Tj ET Q q 0 0 0 rg BT 247.61 417.40 Td (to ) Tj ET Q q 0 0 0 rg BT 259.84 417.40 Td (any ) Tj ET Q q 0 0 0 rg BT 280.63 417.40 Td (significant ) Tj ET Q q 0 0 0 rg BT 332.60 417.40 Td (credit ) Tj ET Q q 0 0 0 rg BT 362.55 417.40 Td (risk ) Tj ET Q q 0 0 0 rg BT 382.72 417.40 Td (related ) Tj ET Q q 0 0 0 rg BT 419.41 417.40 Td (to ) Tj ET Q q 0 0 0 rg BT 431.64 417.40 Td (cash.) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 49.50 392.20 Td (Accounts ) Tj ET Q q 0 0 0 rg BT 102.67 392.20 Td (Receivable) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 367.00 Td (Accounts ) Tj ET Q q 0 0 0 rg BT 97.21 367.00 Td (receivable ) Tj ET Q q 0 0 0 rg BT 149.81 367.00 Td (consist ) Tj ET Q q 0 0 0 rg BT 186.50 367.00 Td (primarily ) Tj ET Q q 0 0 0 rg BT 230.52 367.00 Td (of ) Tj ET Q q 0 0 0 rg BT 242.16 367.00 Td (lease ) Tj ET Q q 0 0 0 rg BT 270.91 367.00 Td (payments ) Tj ET Q q 0 0 0 rg BT 321.06 367.00 Td (due ) Tj ET Q q 0 0 0 rg BT 341.88 367.00 Td (from ) Tj ET Q q 0 0 0 rg BT 366.34 367.00 Td (lessees ) Tj ET Q q 0 0 0 rg BT 406.10 367.00 Td (of ) Tj ET Q q 0 0 0 rg BT 417.73 367.00 Td (the ) Tj ET Q q 0 0 0 rg BT 435.48 367.00 Td (RC ) Tj ET Q q 0 0 0 rg BT 453.83 367.00 Td (Facilities. ) Tj ET Q q 0 0 0 rg BT 501.98 367.00 Td (The ) Tj ET Q q 0 0 0 rg BT 523.39 367.00 Td (carrying ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 353.80 Td (amount ) Tj ET Q q 0 0 0 rg BT 89.27 353.80 Td (of ) Tj ET Q q 0 0 0 rg BT 101.52 353.80 Td (accounts ) Tj ET Q q 0 0 0 rg BT 148.63 353.80 Td (receivable ) Tj ET Q q 0 0 0 rg BT 201.85 353.80 Td (may ) Tj ET Q q 0 0 0 rg BT 225.71 353.80 Td (be ) Tj ET Q q 0 0 0 rg BT 241.03 353.80 Td (reduced ) Tj ET Q q 0 0 0 rg BT 283.86 353.80 Td (by ) Tj ET Q q 0 0 0 rg BT 298.56 353.80 Td (a ) Tj ET Q q 0 0 0 rg BT 307.75 353.80 Td (valuation ) Tj ET Q q 0 0 0 rg BT 354.87 353.80 Td (allowance ) Tj ET Q q 0 0 0 rg BT 406.87 353.80 Td (that ) Tj ET Q q 0 0 0 rg BT 428.29 353.80 Td (reflects ) Tj ET Q q 0 0 0 rg BT 466.83 353.80 Td (management's ) Tj ET Q q 0 0 0 rg BT 541.71 353.80 Td (best ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 340.60 Td (estimate ) Tj ET Q q 0 0 0 rg BT 93.61 340.60 Td (of ) Tj ET Q q 0 0 0 rg BT 105.33 340.60 Td (amounts ) Tj ET Q q 0 0 0 rg BT 150.06 340.60 Td (that ) Tj ET Q q 0 0 0 rg BT 170.95 340.60 Td (will ) Tj ET Q q 0 0 0 rg BT 188.77 340.60 Td (not ) Tj ET Q q 0 0 0 rg BT 206.60 340.60 Td (be ) Tj ET Q q 0 0 0 rg BT 221.38 340.60 Td (collected. ) Tj ET Q q 0 0 0 rg BT 270.39 340.60 Td (Under ) Tj ET Q q 0 0 0 rg BT 302.89 340.60 Td (the ) Tj ET Q q 0 0 0 rg BT 320.72 340.60 Td (Company) Tj ET Q q 0 0 0 rg BT 370.05 340.60 Td (s ) Tj ET Q q 0 0 0 rg BT 378.09 340.60 Td (lease ) Tj ET Q q 0 0 0 rg BT 406.93 340.60 Td (agreements, ) Tj ET Q q 0 0 0 rg BT 470.61 340.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 509.23 340.60 Td (can ) Tj ET Q q 0 0 0 rg BT 529.50 340.60 Td (accrue ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 327.40 Td (on ) Tj ET Q q 0 0 0 rg BT 65.05 327.40 Td (delinquent ) Tj ET Q q 0 0 0 rg BT 119.13 327.40 Td (balances. ) Tj ET Q q 0 0 0 rg BT 169.54 327.40 Td (No ) Tj ET Q q 0 0 0 rg BT 186.92 327.40 Td (interest ) Tj ET Q q 0 0 0 rg BT 226.30 327.40 Td (on ) Tj ET Q q 0 0 0 rg BT 241.86 327.40 Td (delinquent ) Tj ET Q q 0 0 0 rg BT 295.94 327.40 Td (balances ) Tj ET Q q 0 0 0 rg BT 343.29 327.40 Td (was ) Tj ET Q q 0 0 0 rg BT 366.17 327.40 Td (recorded ) Tj ET Q q 0 0 0 rg BT 412.90 327.40 Td (for ) Tj ET Q q 0 0 0 rg BT 429.05 327.40 Td (the ) Tj ET Q q 0 0 0 rg BT 447.66 327.40 Td (years ) Tj ET Q q 0 0 0 rg BT 477.87 327.40 Td (ended ) Tj ET Q q 0 0 0 rg BT 511.77 327.40 Td (December ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 314.20 Td (31, ) Tj ET Q q 0 0 0 rg BT 68.41 314.20 Td (2015, ) Tj ET Q q 0 0 0 rg BT 99.55 314.20 Td (2014 ) Tj ET Q q 0 0 0 rg BT 127.64 314.20 Td (and ) Tj ET Q q 0 0 0 rg BT 149.61 314.20 Td (2013, ) Tj ET Q q 0 0 0 rg BT 180.75 314.20 Td (respectively) Tj ET Q q 0 0 0 rg BT 238.02 314.20 Td (. ) Tj ET Q q 0 0 0 rg BT 244.69 314.20 Td ( ) Tj ET Q q 0 0 0 rg BT 247.59 314.20 Td (Any ) Tj ET Q q 0 0 0 rg BT 270.16 314.20 Td (allowance ) Tj ET Q q 0 0 0 rg BT 322.70 314.20 Td (for ) Tj ET Q q 0 0 0 rg BT 339.15 314.20 Td (doubtful ) Tj ET Q q 0 0 0 rg BT 381.91 314.20 Td (accounts ) Tj ET Q q 0 0 0 rg BT 429.56 314.20 Td (is ) Tj ET Q q 0 0 0 rg BT 441.12 314.20 Td (based ) Tj ET Q q 0 0 0 rg BT 474.71 314.20 Td (on ) Tj ET Q q 0 0 0 rg BT 490.56 314.20 Td (management) Tj ET Q q 0 0 0 rg BT 557.01 314.20 Td (s ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 301.00 Td (assessment ) Tj ET Q q 0 0 0 rg BT 111.33 301.00 Td (of ) Tj ET Q q 0 0 0 rg BT 123.64 301.00 Td (the ) Tj ET Q q 0 0 0 rg BT 142.07 301.00 Td (collectability ) Tj ET Q q 0 0 0 rg BT 204.51 301.00 Td (of ) Tj ET Q q 0 0 0 rg BT 216.82 301.00 Td (specific ) Tj ET Q q 0 0 0 rg BT 256.64 301.00 Td (customer ) Tj ET Q q 0 0 0 rg BT 305.01 301.00 Td (accounts ) Tj ET Q q 0 0 0 rg BT 352.18 301.00 Td (and ) Tj ET Q q 0 0 0 rg BT 373.67 301.00 Td (the ) Tj ET Q q 0 0 0 rg BT 392.10 301.00 Td (aging ) Tj ET Q q 0 0 0 rg BT 422.15 301.00 Td (of ) Tj ET Q q 0 0 0 rg BT 434.46 301.00 Td (the ) Tj ET Q q 0 0 0 rg BT 452.89 301.00 Td (accounts ) Tj ET Q q 0 0 0 rg BT 500.06 301.00 Td (receivable. ) Tj ET Q q 0 0 0 rg BT 556.39 301.00 Td (If ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 287.80 Td (there ) Tj ET Q q 0 0 0 rg BT 76.50 287.80 Td (is ) Tj ET Q q 0 0 0 rg BT 86.38 287.80 Td (a ) Tj ET Q q 0 0 0 rg BT 94.43 287.80 Td (deterioration ) Tj ET Q q 0 0 0 rg BT 157.51 287.80 Td (of ) Tj ET Q q 0 0 0 rg BT 168.61 287.80 Td (a ) Tj ET Q q 0 0 0 rg BT 176.66 287.80 Td (major ) Tj ET Q q 0 0 0 rg BT 206.10 287.80 Td (customer) Tj ET Q q 0 0 0 rg BT 251.74 287.80 Td () Tj ET Q q 0 0 0 rg BT 253.99 287.80 Td (s ) Tj ET Q q 0 0 0 rg BT 261.42 287.80 Td (credit ) Tj ET Q q 0 0 0 rg BT 290.25 287.80 Td (worthiness ) Tj ET Q q 0 0 0 rg BT 344.76 287.80 Td (or ) Tj ET Q q 0 0 0 rg BT 356.47 287.80 Td (actual ) Tj ET Q q 0 0 0 rg BT 387.75 287.80 Td (defaults ) Tj ET Q q 0 0 0 rg BT 428.21 287.80 Td (are ) Tj ET Q q 0 0 0 rg BT 446.04 287.80 Td (higher ) Tj ET Q q 0 0 0 rg BT 478.55 287.80 Td (than ) Tj ET Q q 0 0 0 rg BT 501.89 287.80 Td (the ) Tj ET Q q 0 0 0 rg BT 519.11 287.80 Td (historical ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 274.60 Td (experience, ) Tj ET Q q 0 0 0 rg BT 108.69 274.60 Td (management) Tj ET Q q 0 0 0 rg BT 175.14 274.60 Td (s ) Tj ET Q q 0 0 0 rg BT 182.96 274.60 Td (estimates ) Tj ET Q q 0 0 0 rg BT 232.35 274.60 Td (of ) Tj ET Q q 0 0 0 rg BT 243.84 274.60 Td (the ) Tj ET Q q 0 0 0 rg BT 261.45 274.60 Td (recoverability ) Tj ET Q q 0 0 0 rg BT 328.57 274.60 Td (of ) Tj ET Q q 0 0 0 rg BT 340.07 274.60 Td (amounts ) Tj ET Q q 0 0 0 rg BT 384.57 274.60 Td (due ) Tj ET Q q 0 0 0 rg BT 405.25 274.60 Td (the ) Tj ET Q q 0 0 0 rg BT 422.86 274.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 472.25 274.60 Td (could ) Tj ET Q q 0 0 0 rg BT 500.87 274.60 Td (be ) Tj ET Q q 0 0 0 rg BT 515.42 274.60 Td (adversely ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 261.40 Td (af) Tj ET Q q 0 0 0 rg BT 58.48 261.40 Td (fected. ) Tj ET Q q 0 0 0 rg BT 93.10 261.40 Td (As ) Tj ET Q q 0 0 0 rg BT 107.95 261.40 Td (of ) Tj ET Q q 0 0 0 rg BT 119.13 261.40 Td (December ) Tj ET Q q 0 0 0 rg BT 171.88 261.40 Td (31, ) Tj ET Q q 0 0 0 rg BT 189.18 261.40 Td (2015 ) Tj ET Q q 0 0 0 rg BT 215.66 261.40 Td (and ) Tj ET Q q 0 0 0 rg BT 236.02 261.40 Td (2014, ) Tj ET Q q 0 0 0 rg BT 265.55 261.40 Td (no ) Tj ET Q q 0 0 0 rg BT 279.79 261.40 Td (allowance ) Tj ET Q q 0 0 0 rg BT 330.72 261.40 Td (for ) Tj ET Q q 0 0 0 rg BT 345.56 261.40 Td (doubtful ) Tj ET Q q 0 0 0 rg BT 386.72 261.40 Td (accounts ) Tj ET Q q 0 0 0 rg BT 432.75 261.40 Td (was ) Tj ET Q q 0 0 0 rg BT 454.32 261.40 Td (considered ) Tj ET Q q 0 0 0 rg BT 510.14 261.40 Td (necessary) Tj ET Q q 0 0 0 rg BT 559.46 261.40 Td (.) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 49.50 236.20 Td (Inventory) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 211.00 Td (Inventory ) Tj ET Q q 0 0 0 rg BT 97.88 211.00 Td (is ) Tj ET Q q 0 0 0 rg BT 108.96 211.00 Td (comprised ) Tj ET Q q 0 0 0 rg BT 162.83 211.00 Td (primarily ) Tj ET Q q 0 0 0 rg BT 207.52 211.00 Td (of ) Tj ET Q q 0 0 0 rg BT 219.83 211.00 Td (feedstock ) Tj ET Q q 0 0 0 rg BT 270.05 211.00 Td (coal ) Tj ET Q q 0 0 0 rg BT 293.36 211.00 Td (and ) Tj ET Q q 0 0 0 rg BT 314.85 211.00 Td (Chemicals ) Tj ET Q q 0 0 0 rg BT 369.33 211.00 Td (used ) Tj ET Q q 0 0 0 rg BT 396.31 211.00 Td (in ) Tj ET Q q 0 0 0 rg BT 408.01 211.00 Td (the ) Tj ET Q q 0 0 0 rg BT 426.44 211.00 Td (production ) Tj ET Q q 0 0 0 rg BT 480.94 211.00 Td (of ) Tj ET Q q 0 0 0 rg BT 493.25 211.00 Td (refined ) Tj ET Q q 0 0 0 rg BT 530.01 211.00 Td (coal ) Tj ET Q q 0 0 0 rg BT 553.33 211.00 Td (at ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 197.80 Td (RC ) Tj ET Q q 0 0 0 rg BT 68.44 197.80 Td (Facilities ) Tj ET Q q 0 0 0 rg BT 114.29 197.80 Td (owned ) Tj ET Q q 0 0 0 rg BT 149.76 197.80 Td (and ) Tj ET Q q 0 0 0 rg BT 171.17 197.80 Td (operated ) Tj ET Q q 0 0 0 rg BT 217.65 197.80 Td (by ) Tj ET Q q 0 0 0 rg BT 232.32 197.80 Td (Clean ) Tj ET Q q 0 0 0 rg BT 264.12 197.80 Td (Coal. ) Tj ET Q q 0 0 0 rg BT 292.85 197.80 Td (Inventory ) Tj ET Q q 0 0 0 rg BT 341.16 197.80 Td (is ) Tj ET Q q 0 0 0 rg BT 352.16 197.80 Td (valued ) Tj ET Q q 0 0 0 rg BT 387.63 197.80 Td (at ) Tj ET Q q 0 0 0 rg BT 399.86 197.80 Td (average ) Tj ET Q q 0 0 0 rg BT 442.66 197.80 Td (cost. ) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 49.50 172.60 Td (Prepaid ) Tj ET Q q 0 0 0 rg BT 92.90 172.60 Td (Royalties) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 147.40 Td (In ) Tj ET Q q 0 0 0 rg BT 62.32 147.40 Td (November ) Tj ET Q q 0 0 0 rg BT 116.71 147.40 Td (201) Tj ET Q q 0 0 0 rg BT 134.25 147.40 Td (1, ) Tj ET Q q 0 0 0 rg BT 147.07 147.40 Td (Clean ) Tj ET Q q 0 0 0 rg BT 179.45 147.40 Td (Coal ) Tj ET Q q 0 0 0 rg BT 205.72 147.40 Td (entered ) Tj ET Q q 0 0 0 rg BT 246.68 147.40 Td (into ) Tj ET Q q 0 0 0 rg BT 268.06 147.40 Td (an ) Tj ET Q q 0 0 0 rg BT 283.94 147.40 Td (exclusive ) Tj ET Q q 0 0 0 rg BT 332.83 147.40 Td (technology ) Tj ET Q q 0 0 0 rg BT 389.68 147.40 Td (license ) Tj ET Q q 0 0 0 rg BT 427.57 147.40 Td (agreement ) Tj ET Q q 0 0 0 rg BT 483.81 147.40 Td (with ) Tj ET Q q 0 0 0 rg BT 506.29 147.40 Td (ADA) Tj ET Q q 0 0 0 rg BT 528.30 147.40 Td ( ) Tj ET Q q 0 0 0 rg BT 531.95 147.40 Td (to ) Tj ET Q q 0 0 0 rg BT 544.77 147.40 Td (use ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 134.20 Td (M-45 ) Tj ET Q q 0 0 0 rg BT 87.92 134.20 Td (technology ) Tj ET Q q 0 0 0 rg BT 143.49 134.20 Td (for ) Tj ET Q q 0 0 0 rg BT 158.69 134.20 Td (producing ) Tj ET Q q 0 0 0 rg BT 209.36 134.20 Td (refined ) Tj ET Q q 0 0 0 rg BT 245.36 134.20 Td (coal ) Tj ET Q q 0 0 0 rg BT 267.90 134.20 Td (which ) Tj ET Q q 0 0 0 rg BT 298.38 134.20 Td (entitles ) Tj ET Q q 0 0 0 rg BT 335.12 134.20 Td (ADA) Tj ET Q q 0 0 0 rg BT 357.14 134.20 Td ( ) Tj ET Q q 0 0 0 rg BT 359.50 134.20 Td (to ) Tj ET Q q 0 0 0 rg BT 371.03 134.20 Td (certain ) Tj ET Q q 0 0 0 rg BT 406.41 134.20 Td (royalty ) Tj ET Q q 0 0 0 rg BT 441.17 134.20 Td (payments. ) Tj ET Q q 0 0 0 rg BT 494.12 134.20 Td (The ) Tj ET Q q 0 0 0 rg BT 515.44 134.20 Td (Company ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 121.00 Td (made ) Tj ET Q q 0 0 0 rg BT 78.68 121.00 Td (prepaid ) Tj ET Q q 0 0 0 rg BT 117.04 121.00 Td (royalty ) Tj ET Q q 0 0 0 rg BT 151.10 121.00 Td (payments ) Tj ET Q q 0 0 0 rg BT 200.46 121.00 Td (totaling ) Tj ET Q q 0 0 0 rg BT 237.59 121.00 Td ($10.0 ) Tj ET Q q 0 0 0 rg BT 266.78 121.00 Td (million ) Tj ET Q q 0 0 0 rg BT 299.62 121.00 Td (to ) Tj ET Q q 0 0 0 rg BT 310.13 121.00 Td (ADA, ) Tj ET Q q 0 0 0 rg BT 337.46 121.00 Td (according ) Tj ET Q q 0 0 0 rg BT 386.82 121.00 Td (to ) Tj ET Q q 0 0 0 rg BT 397.66 121.00 Td (the ) Tj ET Q q 0 0 0 rg BT 414.62 121.00 Td (terms ) Tj ET Q q 0 0 0 rg BT 443.78 121.00 Td (of ) Tj ET Q q 0 0 0 rg BT 454.62 121.00 Td (the ) Tj ET Q q 0 0 0 rg BT 471.58 121.00 Td (M-45 ) Tj ET Q q 0 0 0 rg BT 509.30 121.00 Td (technology ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 107.80 Td (license ) Tj ET Q q 0 0 0 rg BT 87.26 107.80 Td (agreement. ) Tj ET Q q 0 0 0 rg BT 146.43 107.80 Td (Prepaid ) Tj ET Q q 0 0 0 rg BT 187.86 107.80 Td (royalty ) Tj ET Q q 0 0 0 rg BT 223.78 107.80 Td (payments ) Tj ET Q q 0 0 0 rg BT 274.99 107.80 Td (will ) Tj ET Q q 0 0 0 rg BT 293.78 107.80 Td (be ) Tj ET Q q 0 0 0 rg BT 309.54 107.80 Td (applied ) Tj ET Q q 0 0 0 rg BT 348.54 107.80 Td (to ) Tj ET Q q 0 0 0 rg BT 361.23 107.80 Td (future ) Tj ET Q q 0 0 0 rg BT 392.88 107.80 Td (royalties ) Tj ET Q q 0 0 0 rg BT 437.36 107.80 Td (due ) Tj ET Q q 0 0 0 rg BT 459.23 107.80 Td (to ) Tj ET Q q 0 0 0 rg BT 471.23 107.80 Td (ADA. ) Tj ET Q q 0 0 0 rg BT 500.42 107.80 Td (See ) Tj ET Q q 0 0 0 rg BT 523.51 107.80 Td (Note ) Tj ET Q q 0 0 0 rg BT 550.27 107.80 Td (10 ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 94.60 Td (for ) Tj ET Q q 0 0 0 rg BT 65.39 94.60 Td (further ) Tj ET Q q 0 0 0 rg BT 100.24 94.60 Td (discussion ) Tj ET Q q 0 0 0 rg BT 154.66 94.60 Td (of ) Tj ET Q q 0 0 0 rg BT 166.89 94.60 Td (the ) Tj ET Q q 0 0 0 rg BT 185.23 94.60 Td (future ) Tj ET Q q 0 0 0 rg BT 216.42 94.60 Td (royalty ) Tj ET Q q 0 0 0 rg BT 251.87 94.60 Td (payment ) Tj ET Q q 0 0 0 rg BT 297.12 94.60 Td (commitments.) Tj ET Q endstream endobj 307 0 obj <> endobj 308 0 obj <> stream BT /F5 11.00 Tf ET q 0 0 0 rg BT 168.80 771.50 Td (CLEAN COAL) Tj ET Q q 0 0 0 rg BT 240.71 771.50 Td ( SOLUTIONS, LLC ) Tj ET Q q 0 0 0 rg BT 338.08 771.50 Td (AND SUBSIDIARIES) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 163.80 758.30 Td (NOTES T) Tj ET Q q 0 0 0 rg BT 211.27 758.30 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 288.07 758.30 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 372.19 758.30 Td ( ST) Tj ET Q q 0 0 0 rg BT 388.49 758.30 Td (A) Tj ET Q q 0 0 0 rg BT 395.62 758.30 Td (TEMENTS) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 209.25 745.10 Td (DECEMBER 31, 2015, 2014 ) Tj ET Q q 0 0 0 rg BT 351.30 745.10 Td (AND 2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 33.60 Td (150) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 49.50 703.00 Td (Fixed ) Tj ET Q q 0 0 0 rg BT 80.88 703.00 Td (Assets) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 677.80 Td (Fixed ) Tj ET Q q 0 0 0 rg BT 78.24 677.80 Td (assets ) Tj ET Q q 0 0 0 rg BT 111.86 677.80 Td (are ) Tj ET Q q 0 0 0 rg BT 129.60 677.80 Td (stated ) Tj ET Q q 0 0 0 rg BT 161.40 677.80 Td (at ) Tj ET Q q 0 0 0 rg BT 172.41 677.80 Td (historical ) Tj ET Q q 0 0 0 rg BT 217.65 677.80 Td (cost. ) Tj ET Q q 0 0 0 rg BT 242.72 677.80 Td (Expenditures ) Tj ET Q q 0 0 0 rg BT 308.76 677.80 Td (for ) Tj ET Q q 0 0 0 rg BT 323.44 677.80 Td (major ) Tj ET Q q 0 0 0 rg BT 352.78 677.80 Td (renewals ) Tj ET Q q 0 0 0 rg BT 398.64 677.80 Td (and ) Tj ET Q q 0 0 0 rg BT 418.83 677.80 Td (improvements ) Tj ET Q q 0 0 0 rg BT 489.74 677.80 Td (are ) Tj ET Q q 0 0 0 rg BT 507.48 677.80 Td (capitalized, ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 664.60 Td (while ) Tj ET Q q 0 0 0 rg BT 77.85 664.60 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 144.13 664.60 Td (and ) Tj ET Q q 0 0 0 rg BT 165.77 664.60 Td (repair ) Tj ET Q q 0 0 0 rg BT 197.17 664.60 Td (costs ) Tj ET Q q 0 0 0 rg BT 226.13 664.60 Td (that ) Tj ET Q q 0 0 0 rg BT 247.77 664.60 Td (do ) Tj ET Q q 0 0 0 rg BT 263.29 664.60 Td (not ) Tj ET Q q 0 0 0 rg BT 281.87 664.60 Td (significantly ) Tj ET Q q 0 0 0 rg BT 342.01 664.60 Td (improve ) Tj ET Q q 0 0 0 rg BT 384.42 664.60 Td (the ) Tj ET Q q 0 0 0 rg BT 403.00 664.60 Td (related ) Tj ET Q q 0 0 0 rg BT 439.92 664.60 Td (asset ) Tj ET Q q 0 0 0 rg BT 469.50 664.60 Td (or ) Tj ET Q q 0 0 0 rg BT 482.56 664.60 Td (extend ) Tj ET Q q 0 0 0 rg BT 518.88 664.60 Td (its ) Tj ET Q q 0 0 0 rg BT 533.16 664.60 Td (useful ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 651.40 Td (life ) Tj ET Q q 0 0 0 rg BT 66.84 651.40 Td (are ) Tj ET Q q 0 0 0 rg BT 86.01 651.40 Td (charged ) Tj ET Q q 0 0 0 rg BT 129.03 651.40 Td (to ) Tj ET Q q 0 0 0 rg BT 141.48 651.40 Td (expense ) Tj ET Q q 0 0 0 rg BT 186.34 651.40 Td (as ) Tj ET Q q 0 0 0 rg BT 201.23 651.40 Td (incurred. ) Tj ET Q q 0 0 0 rg BT 247.31 651.40 Td (For ) Tj ET Q q 0 0 0 rg BT 267.08 651.40 Td (financial ) Tj ET Q q 0 0 0 rg BT 310.71 651.40 Td (reporting ) Tj ET Q q 0 0 0 rg BT 357.40 651.40 Td (purposes, ) Tj ET Q q 0 0 0 rg BT 408.98 651.40 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 472.19 651.40 Td (is ) Tj ET Q q 0 0 0 rg BT 483.40 651.40 Td (calculated ) Tj ET Q q 0 0 0 rg BT 536.21 651.40 Td (using ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 638.20 Td (the ) Tj ET Q q 0 0 0 rg BT 66.81 638.20 Td (straight-line ) Tj ET Q q 0 0 0 rg BT 125.68 638.20 Td (method ) Tj ET Q q 0 0 0 rg BT 164.38 638.20 Td (over ) Tj ET Q q 0 0 0 rg BT 187.80 638.20 Td (the ) Tj ET Q q 0 0 0 rg BT 205.10 638.20 Td (estimated ) Tj ET Q q 0 0 0 rg BT 254.81 638.20 Td (useful ) Tj ET Q q 0 0 0 rg BT 286.18 638.20 Td (lives ) Tj ET Q q 0 0 0 rg BT 310.20 638.20 Td (of ) Tj ET Q q 0 0 0 rg BT 321.38 638.20 Td (the ) Tj ET Q q 0 0 0 rg BT 338.69 638.20 Td (assets ) Tj ET Q q 0 0 0 rg BT 372.50 638.20 Td (ranging ) Tj ET Q q 0 0 0 rg BT 411.21 638.20 Td (from ) Tj ET Q q 0 0 0 rg BT 435.22 638.20 Td (3 ) Tj ET Q q 0 0 0 rg BT 443.35 638.20 Td (to ) Tj ET Q q 0 0 0 rg BT 454.54 638.20 Td (20 ) Tj ET Q q 0 0 0 rg BT 468.79 638.20 Td (years. ) Tj ET Q q 0 0 0 rg BT 500.76 638.20 Td (Depreciation ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 625.00 Td (expense ) Tj ET Q q 0 0 0 rg BT 94.18 625.00 Td (was ) Tj ET Q q 0 0 0 rg BT 116.83 625.00 Td ($3,242,697, ) Tj ET Q q 0 0 0 rg BT 178.04 625.00 Td ($2,624,558 ) Tj ET Q q 0 0 0 rg BT 236.18 625.00 Td (and ) Tj ET Q q 0 0 0 rg BT 257.63 625.00 Td ($4,081,058 ) Tj ET Q q 0 0 0 rg BT 315.77 625.00 Td (for ) Tj ET Q q 0 0 0 rg BT 331.70 625.00 Td (the ) Tj ET Q q 0 0 0 rg BT 350.08 625.00 Td (years ) Tj ET Q q 0 0 0 rg BT 380.07 625.00 Td (ended ) Tj ET Q q 0 0 0 rg BT 413.75 625.00 Td (December ) Tj ET Q q 0 0 0 rg BT 467.59 625.00 Td (31, ) Tj ET Q q 0 0 0 rg BT 485.97 625.00 Td (2015, ) Tj ET Q q 0 0 0 rg BT 516.59 625.00 Td (2014 ) Tj ET Q q 0 0 0 rg BT 544.15 625.00 Td (and ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 611.80 Td (2013, ) Tj ET Q q 0 0 0 rg BT 80.08 611.80 Td (respectively) Tj ET Q q 0 0 0 rg BT 137.34 611.80 Td (.) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 586.60 Td (The ) Tj ET Q q 0 0 0 rg BT 70.00 586.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 118.63 586.60 Td (records ) Tj ET Q q 0 0 0 rg BT 156.86 586.60 Td (a ) Tj ET Q q 0 0 0 rg BT 164.52 586.60 Td (liability ) Tj ET Q q 0 0 0 rg BT 199.08 586.60 Td (for ) Tj ET Q q 0 0 0 rg BT 213.47 586.60 Td (asset ) Tj ET Q q 0 0 0 rg BT 241.31 586.60 Td (retirement ) Tj ET Q q 0 0 0 rg BT 292.38 586.60 Td (obligations ) Tj ET Q q 0 0 0 rg BT 346.52 586.60 Td (\(ARO\) ) Tj ET Q q 0 0 0 rg BT 386.56 586.60 Td (equal ) Tj ET Q q 0 0 0 rg BT 415.02 586.60 Td (to ) Tj ET Q q 0 0 0 rg BT 425.74 586.60 Td (the ) Tj ET Q q 0 0 0 rg BT 442.58 586.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 459.41 586.60 Td (value ) Tj ET Q q 0 0 0 rg BT 487.26 586.60 Td (of ) Tj ET Q q 0 0 0 rg BT 497.98 586.60 Td (the ) Tj ET Q q 0 0 0 rg BT 514.82 586.60 Td (estimated ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 573.40 Td (cost ) Tj ET Q q 0 0 0 rg BT 72.36 573.40 Td (to ) Tj ET Q q 0 0 0 rg BT 84.23 573.40 Td (retire ) Tj ET Q q 0 0 0 rg BT 111.98 573.40 Td (an ) Tj ET Q q 0 0 0 rg BT 126.90 573.40 Td (RC ) Tj ET Q q 0 0 0 rg BT 145.48 573.40 Td (Facility) Tj ET Q q 0 0 0 rg BT 178.89 573.40 Td (. ) Tj ET Q q 0 0 0 rg BT 184.46 573.40 Td (The ) Tj ET Q q 0 0 0 rg BT 205.56 573.40 Td (ARO ) Tj ET Q q 0 0 0 rg BT 232.09 573.40 Td (liability ) Tj ET Q q 0 0 0 rg BT 267.79 573.40 Td (is ) Tj ET Q q 0 0 0 rg BT 278.42 573.40 Td (initially ) Tj ET Q q 0 0 0 rg BT 314.12 573.40 Td (recorded ) Tj ET Q q 0 0 0 rg BT 360.23 573.40 Td (in ) Tj ET Q q 0 0 0 rg BT 371.48 573.40 Td (the ) Tj ET Q q 0 0 0 rg BT 389.46 573.40 Td (period ) Tj ET Q q 0 0 0 rg BT 422.72 573.40 Td (in ) Tj ET Q q 0 0 0 rg BT 433.97 573.40 Td (which ) Tj ET Q q 0 0 0 rg BT 464.79 573.40 Td (the ) Tj ET Q q 0 0 0 rg BT 482.77 573.40 Td (obligation ) Tj ET Q q 0 0 0 rg BT 532.55 573.40 Td (meets ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 560.20 Td (the ) Tj ET Q q 0 0 0 rg BT 67.25 560.20 Td (definition ) Tj ET Q q 0 0 0 rg BT 113.74 560.20 Td (of ) Tj ET Q q 0 0 0 rg BT 125.38 560.20 Td (a ) Tj ET Q q 0 0 0 rg BT 133.95 560.20 Td (liability) Tj ET Q q 0 0 0 rg BT 166.15 560.20 Td (, ) Tj ET Q q 0 0 0 rg BT 171.66 560.20 Td (which ) Tj ET Q q 0 0 0 rg BT 202.25 560.20 Td (is ) Tj ET Q q 0 0 0 rg BT 212.65 560.20 Td (generally ) Tj ET Q q 0 0 0 rg BT 259.75 560.20 Td (when ) Tj ET Q q 0 0 0 rg BT 288.50 560.20 Td (a ) Tj ET Q q 0 0 0 rg BT 297.08 560.20 Td (RC ) Tj ET Q q 0 0 0 rg BT 315.43 560.20 Td (Facility ) Tj ET Q q 0 0 0 rg BT 352.11 560.20 Td (is ) Tj ET Q q 0 0 0 rg BT 362.52 560.20 Td (installed ) Tj ET Q q 0 0 0 rg BT 405.33 560.20 Td (at ) Tj ET Q q 0 0 0 rg BT 416.97 560.20 Td (a ) Tj ET Q q 0 0 0 rg BT 425.54 560.20 Td (generation ) Tj ET Q q 0 0 0 rg BT 479.99 560.20 Td (station. ) Tj ET Q q 0 0 0 rg BT 517.75 560.20 Td (The ) Tj ET Q q 0 0 0 rg BT 538.68 560.20 Td (ARO ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 547.00 Td (liability ) Tj ET Q q 0 0 0 rg BT 86.48 547.00 Td (is ) Tj ET Q q 0 0 0 rg BT 98.40 547.00 Td (estimated ) Tj ET Q q 0 0 0 rg BT 150.06 547.00 Td (by ) Tj ET Q q 0 0 0 rg BT 165.65 547.00 Td (the ) Tj ET Q q 0 0 0 rg BT 184.91 547.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 235.96 547.00 Td (based ) Tj ET Q q 0 0 0 rg BT 269.91 547.00 Td (on ) Tj ET Q q 0 0 0 rg BT 286.11 547.00 Td (legal ) Tj ET Q q 0 0 0 rg BT 313.33 547.00 Td (removal ) Tj ET Q q 0 0 0 rg BT 356.42 547.00 Td (requirements ) Tj ET Q q 0 0 0 rg BT 424.59 547.00 Td (and ) Tj ET Q q 0 0 0 rg BT 446.92 547.00 Td (using ) Tj ET Q q 0 0 0 rg BT 477.18 547.00 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 534.36 547.00 Td (future ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 533.80 Td (inflation ) Tj ET Q q 0 0 0 rg BT 91.29 533.80 Td (rates. ) Tj ET Q q 0 0 0 rg BT 122.67 533.80 Td (When ) Tj ET Q q 0 0 0 rg BT 155.28 533.80 Td (the ) Tj ET Q q 0 0 0 rg BT 174.45 533.80 Td (liability ) Tj ET Q q 0 0 0 rg BT 211.33 533.80 Td (is ) Tj ET Q q 0 0 0 rg BT 223.15 533.80 Td (initially ) Tj ET Q q 0 0 0 rg BT 260.04 533.80 Td (recorded, ) Tj ET Q q 0 0 0 rg BT 310.38 533.80 Td (the ) Tj ET Q q 0 0 0 rg BT 329.55 533.80 Td (Company ) Tj ET Q q 0 0 0 rg BT 380.50 533.80 Td (increases ) Tj ET Q q 0 0 0 rg BT 431.45 533.80 Td (the ) Tj ET Q q 0 0 0 rg BT 450.61 533.80 Td (carrying ) Tj ET Q q 0 0 0 rg BT 493.61 533.80 Td (amount ) Tj ET Q q 0 0 0 rg BT 534.18 533.80 Td (of ) Tj ET Q q 0 0 0 rg BT 547.22 533.80 Td (the ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 520.60 Td (related ) Tj ET Q q 0 0 0 rg BT 86.94 520.60 Td (long-lived ) Tj ET Q q 0 0 0 rg BT 137.82 520.60 Td (asset ) Tj ET Q q 0 0 0 rg BT 167.92 520.60 Td (by ) Tj ET Q q 0 0 0 rg BT 183.33 520.60 Td (an ) Tj ET Q q 0 0 0 rg BT 199.37 520.60 Td (amount ) Tj ET Q q 0 0 0 rg BT 239.86 520.60 Td (equal ) Tj ET Q q 0 0 0 rg BT 270.58 520.60 Td (to ) Tj ET Q q 0 0 0 rg BT 283.56 520.60 Td (the ) Tj ET Q q 0 0 0 rg BT 302.65 520.60 Td (original ) Tj ET Q q 0 0 0 rg BT 341.92 520.60 Td (liability) Tj ET Q q 0 0 0 rg BT 374.11 520.60 Td (. ) Tj ET Q q 0 0 0 rg BT 380.72 520.60 Td (The ) Tj ET Q q 0 0 0 rg BT 403.48 520.60 Td (liability ) Tj ET Q q 0 0 0 rg BT 440.29 520.60 Td (is ) Tj ET Q q 0 0 0 rg BT 452.04 520.60 Td (increased ) Tj ET Q q 0 0 0 rg BT 503.54 520.60 Td (over ) Tj ET Q q 0 0 0 rg BT 528.74 520.60 Td (time ) Tj ET Q q 0 0 0 rg BT 553.32 520.60 Td (to ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 507.40 Td (reflect ) Tj ET Q q 0 0 0 rg BT 83.36 507.40 Td (the ) Tj ET Q q 0 0 0 rg BT 102.55 507.40 Td (change ) Tj ET Q q 0 0 0 rg BT 142.55 507.40 Td (in ) Tj ET Q q 0 0 0 rg BT 155.01 507.40 Td (its ) Tj ET Q q 0 0 0 rg BT 169.92 507.40 Td (present ) Tj ET Q q 0 0 0 rg BT 210.51 507.40 Td (value, ) Tj ET Q q 0 0 0 rg BT 243.77 507.40 Td (and ) Tj ET Q q 0 0 0 rg BT 266.02 507.40 Td (the ) Tj ET Q q 0 0 0 rg BT 285.22 507.40 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 341.10 507.40 Td (cost ) Tj ET Q q 0 0 0 rg BT 365.18 507.40 Td (is ) Tj ET Q q 0 0 0 rg BT 377.02 507.40 Td (depreciated ) Tj ET Q q 0 0 0 rg BT 438.41 507.40 Td (over ) Tj ET Q q 0 0 0 rg BT 463.72 507.40 Td (the ) Tj ET Q q 0 0 0 rg BT 482.91 507.40 Td (useful ) Tj ET Q q 0 0 0 rg BT 516.17 507.40 Td (life ) Tj ET Q q 0 0 0 rg BT 534.13 507.40 Td (of ) Tj ET Q q 0 0 0 rg BT 547.21 507.40 Td (the ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 494.20 Td (related ) Tj ET Q q 0 0 0 rg BT 85.35 494.20 Td (long-lived ) Tj ET Q q 0 0 0 rg BT 134.65 494.20 Td (asset. ) Tj ET Q q 0 0 0 rg BT 166.07 494.20 Td (The ) Tj ET Q q 0 0 0 rg BT 186.80 494.20 Td (ARO ) Tj ET Q q 0 0 0 rg BT 212.85 494.20 Td (liability ) Tj ET Q q 0 0 0 rg BT 248.08 494.20 Td (is ) Tj ET Q q 0 0 0 rg BT 258.24 494.20 Td (removed ) Tj ET Q q 0 0 0 rg BT 303.25 494.20 Td (when ) Tj ET Q q 0 0 0 rg BT 331.76 494.20 Td (the ) Tj ET Q q 0 0 0 rg BT 349.27 494.20 Td (Company ) Tj ET Q q 0 0 0 rg BT 398.56 494.20 Td (is ) Tj ET Q q 0 0 0 rg BT 408.72 494.20 Td (relieved ) Tj ET Q q 0 0 0 rg BT 449.46 494.20 Td (of ) Tj ET Q q 0 0 0 rg BT 460.85 494.20 Td (its ) Tj ET Q q 0 0 0 rg BT 474.07 494.20 Td (removal ) Tj ET Q q 0 0 0 rg BT 515.40 494.20 Td (obligation ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 481.00 Td (due ) Tj ET Q q 0 0 0 rg BT 71.27 481.00 Td (to ) Tj ET Q q 0 0 0 rg BT 83.86 481.00 Td (either ) Tj ET Q q 0 0 0 rg BT 114.79 481.00 Td (completion ) Tj ET Q q 0 0 0 rg BT 171.40 481.00 Td (of ) Tj ET Q q 0 0 0 rg BT 183.99 481.00 Td (the ) Tj ET Q q 0 0 0 rg BT 202.70 481.00 Td (removal ) Tj ET Q q 0 0 0 rg BT 245.24 481.00 Td (activities ) Tj ET Q q 0 0 0 rg BT 290.83 481.00 Td (at ) Tj ET Q q 0 0 0 rg BT 303.42 481.00 Td (a ) Tj ET Q q 0 0 0 rg BT 312.96 481.00 Td (generation ) Tj ET Q q 0 0 0 rg BT 368.36 481.00 Td (station ) Tj ET Q q 0 0 0 rg BT 404.19 481.00 Td (or ) Tj ET Q q 0 0 0 rg BT 417.38 481.00 Td (a ) Tj ET Q q 0 0 0 rg BT 426.92 481.00 Td (transfer ) Tj ET Q q 0 0 0 rg BT 467.62 481.00 Td (of ) Tj ET Q q 0 0 0 rg BT 480.21 481.00 Td (the ) Tj ET Q q 0 0 0 rg BT 498.92 481.00 Td (responsibility ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 467.80 Td (for ) Tj ET Q q 0 0 0 rg BT 65.66 467.80 Td (the ) Tj ET Q q 0 0 0 rg BT 84.27 467.80 Td (RC ) Tj ET Q q 0 0 0 rg BT 103.49 467.80 Td (Facility ) Tj ET Q q 0 0 0 rg BT 141.03 467.80 Td (removal ) Tj ET Q q 0 0 0 rg BT 183.48 467.80 Td (to ) Tj ET Q q 0 0 0 rg BT 195.98 467.80 Td (a ) Tj ET Q q 0 0 0 rg BT 205.42 467.80 Td (third ) Tj ET Q q 0 0 0 rg BT 230.14 467.80 Td (party) Tj ET Q q 0 0 0 rg BT 253.78 467.80 Td (. ) Tj ET Q q 0 0 0 rg BT 260.16 467.80 Td ( ) Tj ET Q q 0 0 0 rg BT 263.26 467.80 Td (The ) Tj ET Q q 0 0 0 rg BT 285.54 467.80 Td (Company ) Tj ET Q q 0 0 0 rg BT 335.94 467.80 Td (reevaluates ) Tj ET Q q 0 0 0 rg BT 396.14 467.80 Td (the ) Tj ET Q q 0 0 0 rg BT 414.75 467.80 Td (adequacy ) Tj ET Q q 0 0 0 rg BT 465.78 467.80 Td (of ) Tj ET Q q 0 0 0 rg BT 478.28 467.80 Td (its ) Tj ET Q q 0 0 0 rg BT 492.60 467.80 Td (recorded ) Tj ET Q q 0 0 0 rg BT 538.68 467.80 Td (ARO ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 454.60 Td (liability ) Tj ET Q q 0 0 0 rg BT 84.42 454.60 Td (at ) Tj ET Q q 0 0 0 rg BT 95.50 454.60 Td (least ) Tj ET Q q 0 0 0 rg BT 120.64 454.60 Td (annually) Tj ET Q q 0 0 0 rg BT 160.80 454.60 Td (. ) Tj ET Q q 0 0 0 rg BT 165.39 454.60 Td (Actual ) Tj ET Q q 0 0 0 rg BT 197.87 454.60 Td (costs ) Tj ET Q q 0 0 0 rg BT 225.45 454.60 Td (of ) Tj ET Q q 0 0 0 rg BT 236.53 454.60 Td (asset ) Tj ET Q q 0 0 0 rg BT 264.73 454.60 Td (retirements ) Tj ET Q q 0 0 0 rg BT 321.65 454.60 Td (such ) Tj ET Q q 0 0 0 rg BT 346.79 454.60 Td (as ) Tj ET Q q 0 0 0 rg BT 360.32 454.60 Td (removing ) Tj ET Q q 0 0 0 rg BT 407.46 454.60 Td (the ) Tj ET Q q 0 0 0 rg BT 424.66 454.60 Td (RC ) Tj ET Q q 0 0 0 rg BT 442.46 454.60 Td (Facility ) Tj ET Q q 0 0 0 rg BT 478.59 454.60 Td (from ) Tj ET Q q 0 0 0 rg BT 502.50 454.60 Td (a ) Tj ET Q q 0 0 0 rg BT 510.52 454.60 Td (generation ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 441.40 Td (station ) Tj ET Q q 0 0 0 rg BT 85.52 441.40 Td (and ) Tj ET Q q 0 0 0 rg BT 107.49 441.40 Td (related ) Tj ET Q q 0 0 0 rg BT 144.74 441.40 Td (site ) Tj ET Q q 0 0 0 rg BT 165.48 441.40 Td (restoration ) Tj ET Q q 0 0 0 rg BT 221.06 441.40 Td (are ) Tj ET Q q 0 0 0 rg BT 240.58 441.40 Td (charged ) Tj ET Q q 0 0 0 rg BT 283.94 441.40 Td (against ) Tj ET Q q 0 0 0 rg BT 323.03 441.40 Td (the ) Tj ET Q q 0 0 0 rg BT 341.94 441.40 Td (related ) Tj ET Q q 0 0 0 rg BT 379.19 441.40 Td (liability) Tj ET Q q 0 0 0 rg BT 411.38 441.40 Td (. ) Tj ET Q q 0 0 0 rg BT 417.34 441.40 Td (Any ) Tj ET Q q 0 0 0 rg BT 439.91 441.40 Td (dif) Tj ET Q q 0 0 0 rg BT 451.32 441.40 Td (ference ) Tj ET Q q 0 0 0 rg BT 491.63 441.40 Td (between ) Tj ET Q q 0 0 0 rg BT 536.83 441.40 Td (costs ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 428.20 Td (incurred ) Tj ET Q q 0 0 0 rg BT 91.07 428.20 Td (upon ) Tj ET Q q 0 0 0 rg BT 117.37 428.20 Td (settlement ) Tj ET Q q 0 0 0 rg BT 169.95 428.20 Td (of ) Tj ET Q q 0 0 0 rg BT 180.96 428.20 Td (an ) Tj ET Q q 0 0 0 rg BT 194.66 428.20 Td (ARO ) Tj ET Q q 0 0 0 rg BT 220.33 428.20 Td (and ) Tj ET Q q 0 0 0 rg BT 240.51 428.20 Td (the ) Tj ET Q q 0 0 0 rg BT 257.63 428.20 Td (recorded ) Tj ET Q q 0 0 0 rg BT 302.88 428.20 Td (liability ) Tj ET Q q 0 0 0 rg BT 337.72 428.20 Td (is ) Tj ET Q q 0 0 0 rg BT 347.50 428.20 Td (recognized ) Tj ET Q q 0 0 0 rg BT 403.14 428.20 Td (as ) Tj ET Q q 0 0 0 rg BT 416.59 428.20 Td (a ) Tj ET Q q 0 0 0 rg BT 424.54 428.20 Td (gain ) Tj ET Q q 0 0 0 rg BT 447.16 428.20 Td (or ) Tj ET Q q 0 0 0 rg BT 458.78 428.20 Td (loss ) Tj ET Q q 0 0 0 rg BT 480.17 428.20 Td (in ) Tj ET Q q 0 0 0 rg BT 490.56 428.20 Td (the ) Tj ET Q q 0 0 0 rg BT 507.68 428.20 Td (Company) Tj ET Q q 0 0 0 rg BT 557.01 428.20 Td (s ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 415.00 Td (earnings.) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 49.50 389.80 Td (Intangible ) Tj ET Q q 0 0 0 rg BT 104.09 389.80 Td (Assets) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 364.60 Td (Clean ) Tj ET Q q 0 0 0 rg BT 80.52 364.60 Td (Coal ) Tj ET Q q 0 0 0 rg BT 105.41 364.60 Td (has ) Tj ET Q q 0 0 0 rg BT 125.42 364.60 Td (two ) Tj ET Q q 0 0 0 rg BT 144.81 364.60 Td (exclusive ) Tj ET Q q 0 0 0 rg BT 192.33 364.60 Td (licenses ) Tj ET Q q 0 0 0 rg BT 234.34 364.60 Td (from ) Tj ET Q q 0 0 0 rg BT 258.17 364.60 Td (ADA) Tj ET Q q 0 0 0 rg BT 280.18 364.60 Td ( ) Tj ET Q q 0 0 0 rg BT 282.45 364.60 Td (for ) Tj ET Q q 0 0 0 rg BT 297.56 364.60 Td (the ) Tj ET Q q 0 0 0 rg BT 315.13 364.60 Td (patented ) Tj ET Q q 0 0 0 rg BT 360.22 364.60 Td (and ) Tj ET Q q 0 0 0 rg BT 380.85 364.60 Td (proprietary ) Tj ET Q q 0 0 0 rg BT 435.70 364.60 Td (CyClean ) Tj ET Q q 0 0 0 rg BT 498.49 364.60 Td (and ) Tj ET Q q 0 0 0 rg BT 519.11 364.60 Td (M-45 ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 351.40 Td (technologies ) Tj ET Q q 0 0 0 rg BT 114.73 351.40 Td (related ) Tj ET Q q 0 0 0 rg BT 151.83 351.40 Td (to ) Tj ET Q q 0 0 0 rg BT 164.46 351.40 Td (the ) Tj ET Q q 0 0 0 rg BT 183.21 351.40 Td (production ) Tj ET Q q 0 0 0 rg BT 238.05 351.40 Td (of ) Tj ET Q q 0 0 0 rg BT 250.68 351.40 Td (refined ) Tj ET Q q 0 0 0 rg BT 287.78 351.40 Td (coal. ) Tj ET Q q 0 0 0 rg BT 314.25 351.40 Td (The ) Tj ET Q q 0 0 0 rg BT 336.67 351.40 Td (patents ) Tj ET Q q 0 0 0 rg BT 376.21 351.40 Td (underlying ) Tj ET Q q 0 0 0 rg BT 430.43 351.40 Td (the ) Tj ET Q q 0 0 0 rg BT 449.18 351.40 Td ( ) Tj ET Q q 0 0 0 rg BT 452.64 351.40 Td (CyClean ) Tj ET Q q 0 0 0 rg BT 509.29 351.40 Td (technology ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 338.20 Td (license ) Tj ET Q q 0 0 0 rg BT 86.75 338.20 Td (expire ) Tj ET Q q 0 0 0 rg BT 119.71 338.20 Td (beginning ) Tj ET Q q 0 0 0 rg BT 170.43 338.20 Td (in ) Tj ET Q q 0 0 0 rg BT 182.00 338.20 Td (2021; ) Tj ET Q q 0 0 0 rg BT 212.53 338.20 Td (however) Tj ET Q q 0 0 0 rg BT 253.50 338.20 Td (, ) Tj ET Q q 0 0 0 rg BT 259.56 338.20 Td (the ) Tj ET Q q 0 0 0 rg BT 277.86 338.20 Td (license ) Tj ET Q q 0 0 0 rg BT 315.10 338.20 Td (agreement ) Tj ET Q q 0 0 0 rg BT 370.70 338.20 Td (includes ) Tj ET Q q 0 0 0 rg BT 414.06 338.20 Td (potential ) Tj ET Q q 0 0 0 rg BT 458.65 338.20 Td (future ) Tj ET Q q 0 0 0 rg BT 489.79 338.20 Td (patents ) Tj ET Q q 0 0 0 rg BT 528.88 338.20 Td (related ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 325.00 Td (to ) Tj ET Q q 0 0 0 rg BT 61.55 325.00 Td (the ) Tj ET Q q 0 0 0 rg BT 79.72 325.00 Td (technology) Tj ET Q q 0 0 0 rg BT 132.11 325.00 Td (. ) Tj ET Q q 0 0 0 rg BT 137.85 325.00 Td (The ) Tj ET Q q 0 0 0 rg BT 159.69 325.00 Td (costs ) Tj ET Q q 0 0 0 rg BT 188.24 325.00 Td (associated ) Tj ET Q q 0 0 0 rg BT 243.70 325.00 Td (with ) Tj ET Q q 0 0 0 rg BT 266.14 325.00 Td (the ) Tj ET Q q 0 0 0 rg BT 284.31 325.00 Td (exclusive ) Tj ET Q q 0 0 0 rg BT 332.43 325.00 Td (CyClean ) Tj ET Q q 0 0 0 rg BT 388.49 325.00 Td (license ) Tj ET Q q 0 0 0 rg BT 425.61 325.00 Td (are ) Tj ET Q q 0 0 0 rg BT 444.38 325.00 Td (included ) Tj ET Q q 0 0 0 rg BT 488.23 325.00 Td (in ) Tj ET Q q 0 0 0 rg BT 499.67 325.00 Td (Other ) Tj ET Q q 0 0 0 rg BT 529.49 325.00 Td (Assets ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 311.80 Td (and ) Tj ET Q q 0 0 0 rg BT 70.96 311.80 Td (are ) Tj ET Q q 0 0 0 rg BT 89.97 311.80 Td (being ) Tj ET Q q 0 0 0 rg BT 119.99 311.80 Td (amortized ) Tj ET Q q 0 0 0 rg BT 171.39 311.80 Td (over ) Tj ET Q q 0 0 0 rg BT 195.90 311.80 Td (the ) Tj ET Q q 0 0 0 rg BT 214.29 311.80 Td (useful ) Tj ET Q q 0 0 0 rg BT 246.75 311.80 Td (economic ) Tj ET Q q 0 0 0 rg BT 296.94 311.80 Td (life ) Tj ET Q q 0 0 0 rg BT 314.11 311.80 Td (of ) Tj ET Q q 0 0 0 rg BT 326.39 311.80 Td (the ) Tj ET Q q 0 0 0 rg BT 344.79 311.80 Td (technology) Tj ET Q q 0 0 0 rg BT 397.18 311.80 Td (, ) Tj ET Q q 0 0 0 rg BT 403.34 311.80 Td (or ) Tj ET Q q 0 0 0 rg BT 416.23 311.80 Td (approximately ) Tj ET Q q 0 0 0 rg BT 487.81 311.80 Td (14 ) Tj ET Q q 0 0 0 rg BT 503.15 311.80 Td (years, ) Tj ET Q q 0 0 0 rg BT 536.21 311.80 Td (using ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 298.60 Td (the ) Tj ET Q q 0 0 0 rg BT 67.02 298.60 Td (straight-line ) Tj ET Q q 0 0 0 rg BT 126.11 298.60 Td (method. ) Tj ET Q q 0 0 0 rg BT 167.64 298.60 Td (Amortization ) Tj ET Q q 0 0 0 rg BT 231.00 298.60 Td (expense ) Tj ET Q q 0 0 0 rg BT 274.82 298.60 Td (was ) Tj ET Q q 0 0 0 rg BT 296.61 298.60 Td ($5,302 ) Tj ET Q q 0 0 0 rg BT 332.48 298.60 Td (for ) Tj ET Q q 0 0 0 rg BT 347.54 298.60 Td (each ) Tj ET Q q 0 0 0 rg BT 373.62 298.60 Td (of ) Tj ET Q q 0 0 0 rg BT 385.03 298.60 Td (the ) Tj ET Q q 0 0 0 rg BT 402.55 298.60 Td (years ) Tj ET Q q 0 0 0 rg BT 431.67 298.60 Td (ended ) Tj ET Q q 0 0 0 rg BT 464.49 298.60 Td (December ) Tj ET Q q 0 0 0 rg BT 517.46 298.60 Td (31, ) Tj ET Q q 0 0 0 rg BT 534.98 298.60 Td (2015, ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 285.40 Td (2014 ) Tj ET Q q 0 0 0 rg BT 77.03 285.40 Td (and ) Tj ET Q q 0 0 0 rg BT 98.44 285.40 Td (2013. ) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 49.50 260.20 Td (Impairment ) Tj ET Q q 0 0 0 rg BT 111.85 260.20 Td (of ) Tj ET Q q 0 0 0 rg BT 125.29 260.20 Td (Long-Lived ) Tj ET Q q 0 0 0 rg BT 187.20 260.20 Td (Assets) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 235.00 Td (The ) Tj ET Q q 0 0 0 rg BT 72.89 235.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 124.41 235.00 Td (reviews ) Tj ET Q q 0 0 0 rg BT 166.13 235.00 Td (long-lived ) Tj ET Q q 0 0 0 rg BT 217.65 235.00 Td (assets ) Tj ET Q q 0 0 0 rg BT 253.88 235.00 Td (for ) Tj ET Q q 0 0 0 rg BT 271.15 235.00 Td (impairment ) Tj ET Q q 0 0 0 rg BT 329.99 235.00 Td (whenever ) Tj ET Q q 0 0 0 rg BT 382.12 235.00 Td (events ) Tj ET Q q 0 0 0 rg BT 418.97 235.00 Td (or ) Tj ET Q q 0 0 0 rg BT 433.18 235.00 Td (changes ) Tj ET Q q 0 0 0 rg BT 479.21 235.00 Td (in ) Tj ET Q q 0 0 0 rg BT 492.21 235.00 Td (circumstances ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 221.80 Td (indicate ) Tj ET Q q 0 0 0 rg BT 90.76 221.80 Td (the ) Tj ET Q q 0 0 0 rg BT 109.39 221.80 Td (carrying ) Tj ET Q q 0 0 0 rg BT 151.86 221.80 Td (amount ) Tj ET Q q 0 0 0 rg BT 191.90 221.80 Td (of ) Tj ET Q q 0 0 0 rg BT 204.41 221.80 Td (an ) Tj ET Q q 0 0 0 rg BT 219.99 221.80 Td (asset ) Tj ET Q q 0 0 0 rg BT 249.63 221.80 Td (may ) Tj ET Q q 0 0 0 rg BT 273.75 221.80 Td (not ) Tj ET Q q 0 0 0 rg BT 292.39 221.80 Td (be ) Tj ET Q q 0 0 0 rg BT 307.97 221.80 Td (recoverable. ) Tj ET Q q 0 0 0 rg BT 371.85 221.80 Td (Recoverability ) Tj ET Q q 0 0 0 rg BT 444.27 221.80 Td (of ) Tj ET Q q 0 0 0 rg BT 456.79 221.80 Td (assets ) Tj ET Q q 0 0 0 rg BT 491.93 221.80 Td (to ) Tj ET Q q 0 0 0 rg BT 504.45 221.80 Td (be ) Tj ET Q q 0 0 0 rg BT 520.02 221.80 Td (held ) Tj ET Q q 0 0 0 rg BT 544.17 221.80 Td (and ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 208.60 Td (used ) Tj ET Q q 0 0 0 rg BT 75.76 208.60 Td (is ) Tj ET Q q 0 0 0 rg BT 86.12 208.60 Td (measured ) Tj ET Q q 0 0 0 rg BT 137.44 208.60 Td (by ) Tj ET Q q 0 0 0 rg BT 151.47 208.60 Td (a ) Tj ET Q q 0 0 0 rg BT 160.00 208.60 Td (comparison ) Tj ET Q q 0 0 0 rg BT 219.27 208.60 Td (of ) Tj ET Q q 0 0 0 rg BT 230.85 208.60 Td (the ) Tj ET Q q 0 0 0 rg BT 248.55 208.60 Td (carrying ) Tj ET Q q 0 0 0 rg BT 290.08 208.60 Td (amount ) Tj ET Q q 0 0 0 rg BT 329.19 208.60 Td (of ) Tj ET Q q 0 0 0 rg BT 340.77 208.60 Td (an ) Tj ET Q q 0 0 0 rg BT 355.41 208.60 Td (asset ) Tj ET Q q 0 0 0 rg BT 384.12 208.60 Td (to ) Tj ET Q q 0 0 0 rg BT 395.70 208.60 Td (future ) Tj ET Q q 0 0 0 rg BT 426.24 208.60 Td (undiscounted ) Tj ET Q q 0 0 0 rg BT 494.09 208.60 Td (net ) Tj ET Q q 0 0 0 rg BT 511.79 208.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 537.44 208.60 Td (flows ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 195.40 Td (expected ) Tj ET Q q 0 0 0 rg BT 97.06 195.40 Td (to ) Tj ET Q q 0 0 0 rg BT 109.16 195.40 Td (be ) Tj ET Q q 0 0 0 rg BT 124.31 195.40 Td (generated ) Tj ET Q q 0 0 0 rg BT 176.77 195.40 Td (by ) Tj ET Q q 0 0 0 rg BT 191.31 195.40 Td (the ) Tj ET Q q 0 0 0 rg BT 209.52 195.40 Td (asset. ) Tj ET Q q 0 0 0 rg BT 241.79 195.40 Td (If ) Tj ET Q q 0 0 0 rg BT 250.82 195.40 Td (such ) Tj ET Q q 0 0 0 rg BT 276.97 195.40 Td (assets ) Tj ET Q q 0 0 0 rg BT 311.68 195.40 Td (are ) Tj ET Q q 0 0 0 rg BT 330.50 195.40 Td (considered ) Tj ET Q q 0 0 0 rg BT 387.23 195.40 Td (to ) Tj ET Q q 0 0 0 rg BT 399.32 195.40 Td (be ) Tj ET Q q 0 0 0 rg BT 414.48 195.40 Td (impaired, ) Tj ET Q q 0 0 0 rg BT 462.64 195.40 Td (the ) Tj ET Q q 0 0 0 rg BT 480.85 195.40 Td (impairment ) Tj ET Q q 0 0 0 rg BT 538.17 195.40 Td (to ) Tj ET Q q 0 0 0 rg BT 550.26 195.40 Td (be ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 182.20 Td (recognized ) Tj ET Q q 0 0 0 rg BT 106.48 182.20 Td (is ) Tj ET Q q 0 0 0 rg BT 117.58 182.20 Td (measured ) Tj ET Q q 0 0 0 rg BT 169.66 182.20 Td (by ) Tj ET Q q 0 0 0 rg BT 184.44 182.20 Td (the ) Tj ET Q q 0 0 0 rg BT 202.90 182.20 Td (amount ) Tj ET Q q 0 0 0 rg BT 242.75 182.20 Td (by ) Tj ET Q q 0 0 0 rg BT 257.53 182.20 Td (which ) Tj ET Q q 0 0 0 rg BT 288.82 182.20 Td (the ) Tj ET Q q 0 0 0 rg BT 307.27 182.20 Td (carrying ) Tj ET Q q 0 0 0 rg BT 349.56 182.20 Td (amount ) Tj ET Q q 0 0 0 rg BT 389.42 182.20 Td (of ) Tj ET Q q 0 0 0 rg BT 401.75 182.20 Td (the ) Tj ET Q q 0 0 0 rg BT 420.21 182.20 Td (assets ) Tj ET Q q 0 0 0 rg BT 455.16 182.20 Td (exceeds ) Tj ET Q q 0 0 0 rg BT 499.30 182.20 Td (the ) Tj ET Q q 0 0 0 rg BT 517.75 182.20 Td (fair ) Tj ET Q q 0 0 0 rg BT 536.20 182.20 Td (value ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 169.00 Td (of ) Tj ET Q q 0 0 0 rg BT 61.55 169.00 Td (the ) Tj ET Q q 0 0 0 rg BT 79.71 169.00 Td (assets. ) Tj ET Q q 0 0 0 rg BT 116.86 169.00 Td (Assets ) Tj ET Q q 0 0 0 rg BT 152.74 169.00 Td (to ) Tj ET Q q 0 0 0 rg BT 164.79 169.00 Td (be ) Tj ET Q q 0 0 0 rg BT 179.90 169.00 Td (disposed ) Tj ET Q q 0 0 0 rg BT 226.80 169.00 Td (of ) Tj ET Q q 0 0 0 rg BT 238.85 169.00 Td (are ) Tj ET Q q 0 0 0 rg BT 257.62 169.00 Td (reported ) Tj ET Q q 0 0 0 rg BT 301.46 169.00 Td (at ) Tj ET Q q 0 0 0 rg BT 313.51 169.00 Td (the ) Tj ET Q q 0 0 0 rg BT 331.67 169.00 Td (lower ) Tj ET Q q 0 0 0 rg BT 360.83 169.00 Td (of ) Tj ET Q q 0 0 0 rg BT 372.88 169.00 Td (carrying ) Tj ET Q q 0 0 0 rg BT 414.87 169.00 Td (amount ) Tj ET Q q 0 0 0 rg BT 454.44 169.00 Td (or ) Tj ET Q q 0 0 0 rg BT 467.09 169.00 Td (fair ) Tj ET Q q 0 0 0 rg BT 485.24 169.00 Td (value ) Tj ET Q q 0 0 0 rg BT 514.41 169.00 Td (less ) Tj ET Q q 0 0 0 rg BT 536.85 169.00 Td (costs ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 155.80 Td (to ) Tj ET Q q 0 0 0 rg BT 61.73 155.80 Td (sell. ) Tj ET Q q 0 0 0 rg BT 83.74 155.80 Td (At ) Tj ET Q q 0 0 0 rg BT 97.19 155.80 Td (December ) Tj ET Q q 0 0 0 rg BT 150.99 155.80 Td (31, ) Tj ET Q q 0 0 0 rg BT 169.33 155.80 Td (2015 ) Tj ET Q q 0 0 0 rg BT 196.86 155.80 Td (and ) Tj ET Q q 0 0 0 rg BT 218.27 155.80 Td (2014, ) Tj ET Q q 0 0 0 rg BT 248.85 155.80 Td (there ) Tj ET Q q 0 0 0 rg BT 276.98 155.80 Td (were ) Tj ET Q q 0 0 0 rg BT 303.88 155.80 Td (no ) Tj ET Q q 0 0 0 rg BT 319.17 155.80 Td (such ) Tj ET Q q 0 0 0 rg BT 345.46 155.80 Td (impairments.) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 142.60 Td ( ) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 49.50 129.40 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 98.41 129.40 Td (Recognition) Tj ET Q BT /F6 11.00 Tf ET 0 0 0 RG /GS0 gs 0.81 w 0 i [] 0 d 1 J 1 j 3 M 49.5 102.63164062500005 m 126.55908203125 102.63164062500005 l s q 0 0 0 rg BT 49.50 104.20 Td (Lease ) Tj ET Q q 0 0 0 rg BT 82.53 104.20 Td (Revenue) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 79.00 Td (Lease ) Tj ET Q q 0 0 0 rg BT 83.79 79.00 Td (revenue ) Tj ET Q q 0 0 0 rg BT 127.85 79.00 Td (is ) Tj ET Q q 0 0 0 rg BT 140.11 79.00 Td (recognized ) Tj ET Q q 0 0 0 rg BT 198.24 79.00 Td (based ) Tj ET Q q 0 0 0 rg BT 232.53 79.00 Td (on ) Tj ET Q q 0 0 0 rg BT 249.08 79.00 Td (the ) Tj ET Q q 0 0 0 rg BT 268.68 79.00 Td (earning ) Tj ET Q q 0 0 0 rg BT 309.70 79.00 Td (of ) Tj ET Q q 0 0 0 rg BT 323.18 79.00 Td (payments ) Tj ET Q q 0 0 0 rg BT 375.19 79.00 Td (under ) Tj ET Q q 0 0 0 rg BT 407.64 79.00 Td (the ) Tj ET Q q 0 0 0 rg BT 427.25 79.00 Td (terms ) Tj ET Q q 0 0 0 rg BT 459.06 79.00 Td (of ) Tj ET Q q 0 0 0 rg BT 472.55 79.00 Td (the ) Tj ET Q q 0 0 0 rg BT 492.16 79.00 Td (respective ) Tj ET Q q 0 0 0 rg BT 546.61 79.00 Td (RC ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 65.80 Td (Facilities) Tj ET Q q 0 0 0 rg BT 94.32 65.80 Td ( ) Tj ET Q q 0 0 0 rg BT 98.16 65.80 Td (lease ) Tj ET Q q 0 0 0 rg BT 128.30 65.80 Td (agreements. ) Tj ET Q q 0 0 0 rg BT 193.28 65.80 Td (Depending ) Tj ET Q q 0 0 0 rg BT 250.33 65.80 Td (on ) Tj ET Q q 0 0 0 rg BT 266.41 65.80 Td (the ) Tj ET Q q 0 0 0 rg BT 285.54 65.80 Td (lease ) Tj ET Q q 0 0 0 rg BT 315.67 65.80 Td (agreement, ) Tj ET Q q 0 0 0 rg BT 375.16 65.80 Td (the ) Tj ET Q q 0 0 0 rg BT 394.29 65.80 Td (Company ) Tj ET Q q 0 0 0 rg BT 445.21 65.80 Td (may ) Tj ET Q q 0 0 0 rg BT 469.83 65.80 Td (receive ) Tj ET Q q 0 0 0 rg BT 509.13 65.80 Td (fixed ) Tj ET Q q 0 0 0 rg BT 536.20 65.80 Td (lease ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 52.60 Td (payments ) Tj ET Q q 0 0 0 rg BT 102.45 52.60 Td (or ) Tj ET Q q 0 0 0 rg BT 117.50 52.60 Td (a ) Tj ET Q q 0 0 0 rg BT 128.88 52.60 Td (combination ) Tj ET Q q 0 0 0 rg BT 193.46 52.60 Td (of ) Tj ET Q q 0 0 0 rg BT 207.90 52.60 Td (fixed ) Tj ET Q q 0 0 0 rg BT 236.40 52.60 Td (and ) Tj ET Q q 0 0 0 rg BT 260.02 52.60 Td (contingent ) Tj ET Q q 0 0 0 rg BT 316.04 52.60 Td (lease ) Tj ET Q q 0 0 0 rg BT 347.60 52.60 Td (payments. ) Tj ET Q q 0 0 0 rg BT 403.62 52.60 Td (Contingent ) Tj ET Q q 0 0 0 rg BT 462.09 52.60 Td (lease ) Tj ET Q q 0 0 0 rg BT 493.65 52.60 Td (payments ) Tj ET Q q 0 0 0 rg BT 546.60 52.60 Td (are ) Tj ET Q endstream endobj 309 0 obj <> endobj 310 0 obj <> stream BT /F5 11.00 Tf ET q 0 0 0 rg BT 168.80 771.50 Td (CLEAN COAL) Tj ET Q q 0 0 0 rg BT 240.71 771.50 Td ( SOLUTIONS, LLC ) Tj ET Q q 0 0 0 rg BT 338.08 771.50 Td (AND SUBSIDIARIES) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 163.80 758.30 Td (NOTES T) Tj ET Q q 0 0 0 rg BT 211.27 758.30 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 288.07 758.30 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 372.19 758.30 Td ( ST) Tj ET Q q 0 0 0 rg BT 388.49 758.30 Td (A) Tj ET Q q 0 0 0 rg BT 395.62 758.30 Td (TEMENTS) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 209.25 745.10 Td (DECEMBER 31, 2015, 2014 ) Tj ET Q q 0 0 0 rg BT 351.30 745.10 Td (AND 2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 33.60 Td (151) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 703.00 Td (determined ) Tj ET Q q 0 0 0 rg BT 107.37 703.00 Td (periodically ) Tj ET Q q 0 0 0 rg BT 165.23 703.00 Td (based ) Tj ET Q q 0 0 0 rg BT 198.04 703.00 Td (on ) Tj ET Q q 0 0 0 rg BT 213.11 703.00 Td (the ) Tj ET Q q 0 0 0 rg BT 231.23 703.00 Td (actual ) Tj ET Q q 0 0 0 rg BT 263.42 703.00 Td (amount ) Tj ET Q q 0 0 0 rg BT 302.95 703.00 Td (of ) Tj ET Q q 0 0 0 rg BT 314.96 703.00 Td (refined ) Tj ET Q q 0 0 0 rg BT 351.43 703.00 Td (coal ) Tj ET Q q 0 0 0 rg BT 374.44 703.00 Td (production ) Tj ET Q q 0 0 0 rg BT 428.65 703.00 Td (during ) Tj ET Q q 0 0 0 rg BT 462.06 703.00 Td (such ) Tj ET Q q 0 0 0 rg BT 488.13 703.00 Td (period. ) Tj ET Q q 0 0 0 rg BT 524.60 703.00 Td (Prepaid ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 689.80 Td (lease ) Tj ET Q q 0 0 0 rg BT 79.59 689.80 Td (payments ) Tj ET Q q 0 0 0 rg BT 131.08 689.80 Td (are ) Tj ET Q q 0 0 0 rg BT 150.77 689.80 Td (received ) Tj ET Q q 0 0 0 rg BT 196.15 689.80 Td (upon ) Tj ET Q q 0 0 0 rg BT 224.42 689.80 Td (execution ) Tj ET Q q 0 0 0 rg BT 275.30 689.80 Td (of ) Tj ET Q q 0 0 0 rg BT 288.27 689.80 Td (certain ) Tj ET Q q 0 0 0 rg BT 325.08 689.80 Td (lease ) Tj ET Q q 0 0 0 rg BT 355.18 689.80 Td (agreements ) Tj ET Q q 0 0 0 rg BT 417.06 689.80 Td (and ) Tj ET Q q 0 0 0 rg BT 439.21 689.80 Td (are ) Tj ET Q q 0 0 0 rg BT 458.91 689.80 Td (recorded ) Tj ET Q q 0 0 0 rg BT 506.12 689.80 Td (as ) Tj ET Q q 0 0 0 rg BT 521.53 689.80 Td (deferred ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 676.60 Td (revenue. ) Tj ET Q q 0 0 0 rg BT 96.50 676.60 Td (Deferred ) Tj ET Q q 0 0 0 rg BT 143.49 676.60 Td (revenue ) Tj ET Q q 0 0 0 rg BT 187.43 676.60 Td (is ) Tj ET Q q 0 0 0 rg BT 199.57 676.60 Td (amortized ) Tj ET Q q 0 0 0 rg BT 252.06 676.60 Td (into ) Tj ET Q q 0 0 0 rg BT 273.98 676.60 Td (revenue ) Tj ET Q q 0 0 0 rg BT 317.93 676.60 Td (in ) Tj ET Q q 0 0 0 rg BT 330.68 676.60 Td (accordance ) Tj ET Q q 0 0 0 rg BT 391.74 676.60 Td (with ) Tj ET Q q 0 0 0 rg BT 415.49 676.60 Td (the ) Tj ET Q q 0 0 0 rg BT 434.98 676.60 Td (amortization ) Tj ET Q q 0 0 0 rg BT 499.08 676.60 Td (period ) Tj ET Q q 0 0 0 rg BT 533.85 676.60 Td (of ) Tj ET Q q 0 0 0 rg BT 547.22 676.60 Td (the ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 663.40 Td (respective ) Tj ET Q q 0 0 0 rg BT 102.69 663.40 Td (lease ) Tj ET Q q 0 0 0 rg BT 132.04 663.40 Td (agreement. ) Tj ET Q BT /F6 11.00 Tf ET 0 0 0 RG /GS0 gs 0.81 w 0 i [] 0 d 1 J 1 j 3 M 49.5 636.631640625 m 102.6953125 636.631640625 l s q 0 0 0 rg BT 49.50 638.20 Td (Coal ) Tj ET Q q 0 0 0 rg BT 75.18 638.20 Td (Sales) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 613.00 Td (In ) Tj ET Q q 0 0 0 rg BT 61.86 613.00 Td (connection ) Tj ET Q q 0 0 0 rg BT 118.25 613.00 Td (with ) Tj ET Q q 0 0 0 rg BT 141.00 613.00 Td (the ) Tj ET Q q 0 0 0 rg BT 159.47 613.00 Td (operation ) Tj ET Q q 0 0 0 rg BT 208.52 613.00 Td (of ) Tj ET Q q 0 0 0 rg BT 220.88 613.00 Td (RC ) Tj ET Q q 0 0 0 rg BT 239.96 613.00 Td (Facilities ) Tj ET Q q 0 0 0 rg BT 285.93 613.00 Td (by ) Tj ET Q q 0 0 0 rg BT 300.73 613.00 Td (the ) Tj ET Q q 0 0 0 rg BT 319.20 613.00 Td (Company) Tj ET Q q 0 0 0 rg BT 365.47 613.00 Td (, ) Tj ET Q q 0 0 0 rg BT 371.71 613.00 Td (the ) Tj ET Q q 0 0 0 rg BT 390.18 613.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 440.44 613.00 Td (purchases ) Tj ET Q q 0 0 0 rg BT 494.38 613.00 Td (and ) Tj ET Q q 0 0 0 rg BT 515.92 613.00 Td (takes ) Tj ET Q q 0 0 0 rg BT 545.39 613.00 Td (title ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 599.80 Td (to ) Tj ET Q q 0 0 0 rg BT 60.99 599.80 Td (feedstock ) Tj ET Q q 0 0 0 rg BT 110.38 599.80 Td (coal ) Tj ET Q q 0 0 0 rg BT 132.88 599.80 Td (under ) Tj ET Q q 0 0 0 rg BT 163.32 599.80 Td (purchase ) Tj ET Q q 0 0 0 rg BT 210.89 599.80 Td (agreements ) Tj ET Q q 0 0 0 rg BT 271.29 599.80 Td (with ) Tj ET Q q 0 0 0 rg BT 293.16 599.80 Td (each ) Tj ET Q q 0 0 0 rg BT 319.33 599.80 Td (respective ) Tj ET Q q 0 0 0 rg BT 371.77 599.80 Td (Generator ) Tj ET Q q 0 0 0 rg BT 423.61 599.80 Td (or ) Tj ET Q q 0 0 0 rg BT 435.71 599.80 Td (other ) Tj ET Q q 0 0 0 rg BT 463.09 599.80 Td (supplier ) Tj ET Q q 0 0 0 rg BT 503.93 599.80 Td (of ) Tj ET Q q 0 0 0 rg BT 515.42 599.80 Td (feedstock ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 586.60 Td (coal. ) Tj ET Q q 0 0 0 rg BT 75.88 586.60 Td ( ) Tj ET Q q 0 0 0 rg BT 78.82 586.60 Td (The ) Tj ET Q q 0 0 0 rg BT 100.93 586.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 151.15 586.60 Td (purchases ) Tj ET Q q 0 0 0 rg BT 205.05 586.60 Td (the ) Tj ET Q q 0 0 0 rg BT 223.49 586.60 Td (Chemicals ) Tj ET Q q 0 0 0 rg BT 277.98 586.60 Td (from ) Tj ET Q q 0 0 0 rg BT 303.13 586.60 Td (third ) Tj ET Q q 0 0 0 rg BT 327.67 586.60 Td (party ) Tj ET Q q 0 0 0 rg BT 355.28 586.60 Td (vendors ) Tj ET Q q 0 0 0 rg BT 397.56 586.60 Td (and ) Tj ET Q q 0 0 0 rg BT 419.06 586.60 Td (applies ) Tj ET Q q 0 0 0 rg BT 457.06 586.60 Td (them ) Tj ET Q q 0 0 0 rg BT 484.66 586.60 Td (to ) Tj ET Q q 0 0 0 rg BT 496.98 586.60 Td (the ) Tj ET Q q 0 0 0 rg BT 515.42 586.60 Td (feedstock ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 573.40 Td (coal ) Tj ET Q q 0 0 0 rg BT 72.45 573.40 Td (to ) Tj ET Q q 0 0 0 rg BT 84.39 573.40 Td (produce ) Tj ET Q q 0 0 0 rg BT 126.90 573.40 Td (refined ) Tj ET Q q 0 0 0 rg BT 163.30 573.40 Td (coal ) Tj ET Q q 0 0 0 rg BT 186.25 573.40 Td (in ) Tj ET Q q 0 0 0 rg BT 197.58 573.40 Td (its ) Tj ET Q q 0 0 0 rg BT 211.35 573.40 Td (RC ) Tj ET Q q 0 0 0 rg BT 230.00 573.40 Td (Facilities. ) Tj ET Q q 0 0 0 rg BT 278.61 573.40 Td (In ) Tj ET Q q 0 0 0 rg BT 290.55 573.40 Td (order ) Tj ET Q q 0 0 0 rg BT 318.99 573.40 Td (to ) Tj ET Q q 0 0 0 rg BT 330.94 573.40 Td (qualify ) Tj ET Q q 0 0 0 rg BT 365.50 573.40 Td (for ) Tj ET Q q 0 0 0 rg BT 381.10 573.40 Td (PTCs ) Tj ET Q q 0 0 0 rg BT 411.37 573.40 Td (the ) Tj ET Q q 0 0 0 rg BT 429.43 573.40 Td (refined ) Tj ET Q q 0 0 0 rg BT 465.83 573.40 Td (coal ) Tj ET Q q 0 0 0 rg BT 488.77 573.40 Td (must ) Tj ET Q q 0 0 0 rg BT 515.38 573.40 Td (be ) Tj ET Q q 0 0 0 rg BT 530.38 573.40 Td (sold ) Tj ET Q q 0 0 0 rg BT 553.32 573.40 Td (to ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 560.20 Td (an ) Tj ET Q q 0 0 0 rg BT 65.63 560.20 Td (unrelated ) Tj ET Q q 0 0 0 rg BT 115.40 560.20 Td (third ) Tj ET Q q 0 0 0 rg BT 140.69 560.20 Td (party ) Tj ET Q q 0 0 0 rg BT 169.04 560.20 Td (that ) Tj ET Q q 0 0 0 rg BT 191.29 560.20 Td (uses ) Tj ET Q q 0 0 0 rg BT 218.42 560.20 Td (the ) Tj ET Q q 0 0 0 rg BT 237.61 560.20 Td (refined ) Tj ET Q q 0 0 0 rg BT 275.14 560.20 Td (coal ) Tj ET Q q 0 0 0 rg BT 299.21 560.20 Td (to ) Tj ET Q q 0 0 0 rg BT 312.28 560.20 Td (generate ) Tj ET Q q 0 0 0 rg BT 359.61 560.20 Td (electricity) Tj ET Q q 0 0 0 rg BT 404.63 560.20 Td (. ) Tj ET Q q 0 0 0 rg BT 411.33 560.20 Td (The ) Tj ET Q q 0 0 0 rg BT 434.18 560.20 Td (refined ) Tj ET Q q 0 0 0 rg BT 471.71 560.20 Td (coal ) Tj ET Q q 0 0 0 rg BT 495.79 560.20 Td (is ) Tj ET Q q 0 0 0 rg BT 507.63 560.20 Td (sold ) Tj ET Q q 0 0 0 rg BT 531.70 560.20 Td (by ) Tj ET Q q 0 0 0 rg BT 547.22 560.20 Td (the ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 547.00 Td (Company) Tj ET Q q 0 0 0 rg BT 95.76 547.00 Td (, ) Tj ET Q q 0 0 0 rg BT 102.20 547.00 Td (under ) Tj ET Q q 0 0 0 rg BT 133.73 547.00 Td (refined ) Tj ET Q q 0 0 0 rg BT 170.75 547.00 Td (coal ) Tj ET Q q 0 0 0 rg BT 194.31 547.00 Td (sale ) Tj ET Q q 0 0 0 rg BT 217.88 547.00 Td (agreements, ) Tj ET Q q 0 0 0 rg BT 282.41 547.00 Td (to ) Tj ET Q q 0 0 0 rg BT 294.97 547.00 Td (a ) Tj ET Q q 0 0 0 rg BT 304.48 547.00 Td (Generator ) Tj ET Q q 0 0 0 rg BT 357.39 547.00 Td (or ) Tj ET Q q 0 0 0 rg BT 370.56 547.00 Td (to ) Tj ET Q q 0 0 0 rg BT 383.12 547.00 Td (another ) Tj ET Q q 0 0 0 rg BT 423.81 547.00 Td (third ) Tj ET Q q 0 0 0 rg BT 448.60 547.00 Td (party ) Tj ET Q q 0 0 0 rg BT 476.44 547.00 Td (at ) Tj ET Q q 0 0 0 rg BT 489.00 547.00 Td (the ) Tj ET Q q 0 0 0 rg BT 507.68 547.00 Td (Company) Tj ET Q q 0 0 0 rg BT 557.00 547.00 Td (s ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 533.80 Td (discretion ) Tj ET Q q 0 0 0 rg BT 100.06 533.80 Td (as ) Tj ET Q q 0 0 0 rg BT 115.16 533.80 Td (permitted ) Tj ET Q q 0 0 0 rg BT 164.50 533.80 Td (under ) Tj ET Q q 0 0 0 rg BT 196.11 533.80 Td (the ) Tj ET Q q 0 0 0 rg BT 214.89 533.80 Td (applicable ) Tj ET Q q 0 0 0 rg BT 267.91 533.80 Td (Generator ) Tj ET Q q 0 0 0 rg BT 320.92 533.80 Td (agreements. ) Tj ET Q q 0 0 0 rg BT 385.32 533.80 Td (The ) Tj ET Q q 0 0 0 rg BT 407.76 533.80 Td (Company ) Tj ET Q q 0 0 0 rg BT 458.32 533.80 Td (performs ) Tj ET Q q 0 0 0 rg BT 505.20 533.80 Td (refined ) Tj ET Q q 0 0 0 rg BT 542.32 533.80 Td (coal ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 520.60 Td (recertification ) Tj ET Q q 0 0 0 rg BT 118.39 520.60 Td (or ) Tj ET Q q 0 0 0 rg BT 131.66 520.60 Td (redetermination ) Tj ET Q q 0 0 0 rg BT 211.57 520.60 Td (testing ) Tj ET Q q 0 0 0 rg BT 247.46 520.60 Td (periodically ) Tj ET Q q 0 0 0 rg BT 305.96 520.60 Td (as ) Tj ET Q q 0 0 0 rg BT 321.06 520.60 Td (required ) Tj ET Q q 0 0 0 rg BT 364.90 520.60 Td (by ) Tj ET Q q 0 0 0 rg BT 380.00 520.60 Td (Section ) Tj ET Q q 0 0 0 rg BT 420.17 520.60 Td (45 ) Tj ET Q q 0 0 0 rg BT 435.88 520.60 Td (with ) Tj ET Q q 0 0 0 rg BT 458.92 520.60 Td (respect ) Tj ET Q q 0 0 0 rg BT 498.47 520.60 Td (to ) Tj ET Q q 0 0 0 rg BT 511.13 520.60 Td (production ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 507.40 Td (at ) Tj ET Q q 0 0 0 rg BT 61.28 507.40 Td (each ) Tj ET Q q 0 0 0 rg BT 87.74 507.40 Td (of ) Tj ET Q q 0 0 0 rg BT 99.52 507.40 Td (its ) Tj ET Q q 0 0 0 rg BT 113.12 507.40 Td (RC ) Tj ET Q q 0 0 0 rg BT 131.62 507.40 Td (Facilities. ) Tj ET Q q 0 0 0 rg BT 180.06 507.40 Td ( ) Tj ET Q q 0 0 0 rg BT 182.67 507.40 Td (During ) Tj ET Q q 0 0 0 rg BT 217.68 507.40 Td (the ) Tj ET Q q 0 0 0 rg BT 235.58 507.40 Td (years ) Tj ET Q q 0 0 0 rg BT 265.08 507.40 Td (ended ) Tj ET Q q 0 0 0 rg BT 298.27 507.40 Td (December ) Tj ET Q q 0 0 0 rg BT 351.62 507.40 Td (31, ) Tj ET Q q 0 0 0 rg BT 369.52 507.40 Td (2015, ) Tj ET Q q 0 0 0 rg BT 399.65 507.40 Td (2014 ) Tj ET Q q 0 0 0 rg BT 426.72 507.40 Td (and ) Tj ET Q q 0 0 0 rg BT 447.68 507.40 Td (2013 ) Tj ET Q q 0 0 0 rg BT 474.76 507.40 Td (the ) Tj ET Q q 0 0 0 rg BT 492.66 507.40 Td (Company ) Tj ET Q q 0 0 0 rg BT 542.34 507.40 Td (sold ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 494.20 Td (all ) Tj ET Q q 0 0 0 rg BT 63.75 494.20 Td (of ) Tj ET Q q 0 0 0 rg BT 76.18 494.20 Td (its ) Tj ET Q q 0 0 0 rg BT 90.42 494.20 Td (refined ) Tj ET Q q 0 0 0 rg BT 127.31 494.20 Td (coal ) Tj ET Q q 0 0 0 rg BT 150.73 494.20 Td (and ) Tj ET Q q 0 0 0 rg BT 172.34 494.20 Td (back-up ) Tj ET Q q 0 0 0 rg BT 214.72 494.20 Td (coal ) Tj ET Q q 0 0 0 rg BT 238.15 494.20 Td (\(coal ) Tj ET Q q 0 0 0 rg BT 265.24 494.20 Td (untreated ) Tj ET Q q 0 0 0 rg BT 314.97 494.20 Td (but ) Tj ET Q q 0 0 0 rg BT 333.51 494.20 Td (part ) Tj ET Q q 0 0 0 rg BT 355.71 494.20 Td (of ) Tj ET Q q 0 0 0 rg BT 368.13 494.20 Td (the ) Tj ET Q q 0 0 0 rg BT 386.67 494.20 Td (refined ) Tj ET Q q 0 0 0 rg BT 423.56 494.20 Td (coal ) Tj ET Q q 0 0 0 rg BT 446.98 494.20 Td (process\) ) Tj ET Q q 0 0 0 rg BT 492.41 494.20 Td (to ) Tj ET Q q 0 0 0 rg BT 504.83 494.20 Td (third ) Tj ET Q q 0 0 0 rg BT 529.48 494.20 Td (parties ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 481.00 Td (that ) Tj ET Q q 0 0 0 rg BT 70.90 481.00 Td (used ) Tj ET Q q 0 0 0 rg BT 97.81 481.00 Td (the ) Tj ET Q q 0 0 0 rg BT 116.16 481.00 Td (coal ) Tj ET Q q 0 0 0 rg BT 139.40 481.00 Td (to ) Tj ET Q q 0 0 0 rg BT 151.63 481.00 Td (generate ) Tj ET Q q 0 0 0 rg BT 198.11 481.00 Td (electricity) Tj ET Q q 0 0 0 rg BT 243.13 481.00 Td (, ) Tj ET Q q 0 0 0 rg BT 249.25 481.00 Td (and ) Tj ET Q q 0 0 0 rg BT 270.65 481.00 Td (recorded ) Tj ET Q q 0 0 0 rg BT 317.13 481.00 Td (such ) Tj ET Q q 0 0 0 rg BT 343.42 481.00 Td (amounts ) Tj ET Q q 0 0 0 rg BT 388.66 481.00 Td (as ) Tj ET Q q 0 0 0 rg BT 403.34 481.00 Td (coal ) Tj ET Q q 0 0 0 rg BT 426.57 481.00 Td (sales. ) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 49.50 455.80 Td (Income ) Tj ET Q q 0 0 0 rg BT 91.07 455.80 Td (T) Tj ET Q q 0 0 0 rg BT 96.97 455.80 Td (axes) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 430.60 Td (The ) Tj ET Q q 0 0 0 rg BT 70.80 430.60 Td (Company) Tj ET Q q 0 0 0 rg BT 117.06 430.60 Td (, ) Tj ET Q q 0 0 0 rg BT 122.47 430.60 Td (with ) Tj ET Q q 0 0 0 rg BT 144.38 430.60 Td (the ) Tj ET Q q 0 0 0 rg BT 162.02 430.60 Td (consent ) Tj ET Q q 0 0 0 rg BT 202.90 430.60 Td (of ) Tj ET Q q 0 0 0 rg BT 214.42 430.60 Td (its ) Tj ET Q q 0 0 0 rg BT 227.77 430.60 Td (Members, ) Tj ET Q q 0 0 0 rg BT 279.01 430.60 Td (has ) Tj ET Q q 0 0 0 rg BT 299.10 430.60 Td (elected ) Tj ET Q q 0 0 0 rg BT 336.92 430.60 Td (to ) Tj ET Q q 0 0 0 rg BT 348.44 430.60 Td (be ) Tj ET Q q 0 0 0 rg BT 363.02 430.60 Td (taxed ) Tj ET Q q 0 0 0 rg BT 392.28 430.60 Td (under ) Tj ET Q q 0 0 0 rg BT 422.76 430.60 Td (applicable ) Tj ET Q q 0 0 0 rg BT 474.65 430.60 Td (sections ) Tj ET Q q 0 0 0 rg BT 517.35 430.60 Td (of ) Tj ET Q q 0 0 0 rg BT 528.87 430.60 Td (federal ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 417.40 Td (and ) Tj ET Q q 0 0 0 rg BT 71.31 417.40 Td (state ) Tj ET Q q 0 0 0 rg BT 98.61 417.40 Td (income ) Tj ET Q q 0 0 0 rg BT 137.52 417.40 Td (tax ) Tj ET Q q 0 0 0 rg BT 155.65 417.40 Td (law ) Tj ET Q q 0 0 0 rg BT 175.61 417.40 Td (as ) Tj ET Q q 0 0 0 rg BT 190.68 417.40 Td (a ) Tj ET Q q 0 0 0 rg BT 200.25 417.40 Td (limited ) Tj ET Q q 0 0 0 rg BT 235.49 417.40 Td (liability ) Tj ET Q q 0 0 0 rg BT 271.95 417.40 Td (company ) Tj ET Q q 0 0 0 rg BT 320.04 417.40 Td (treated ) Tj ET Q q 0 0 0 rg BT 357.74 417.40 Td (as ) Tj ET Q q 0 0 0 rg BT 372.81 417.40 Td (a ) Tj ET Q q 0 0 0 rg BT 382.38 417.40 Td (partnership ) Tj ET Q q 0 0 0 rg BT 440.86 417.40 Td (for ) Tj ET Q q 0 0 0 rg BT 457.15 417.40 Td (income ) Tj ET Q q 0 0 0 rg BT 496.07 417.40 Td (tax ) Tj ET Q q 0 0 0 rg BT 514.19 417.40 Td (purposes. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 404.20 Td (As ) Tj ET Q q 0 0 0 rg BT 65.87 404.20 Td (a ) Tj ET Q q 0 0 0 rg BT 75.53 404.20 Td (result ) Tj ET Q q 0 0 0 rg BT 105.96 404.20 Td (of ) Tj ET Q q 0 0 0 rg BT 118.67 404.20 Td (this ) Tj ET Q q 0 0 0 rg BT 139.33 404.20 Td (election, ) Tj ET Q q 0 0 0 rg BT 183.83 404.20 Td (no ) Tj ET Q q 0 0 0 rg BT 199.61 404.20 Td (federal ) Tj ET Q q 0 0 0 rg BT 236.78 404.20 Td (income ) Tj ET Q q 0 0 0 rg BT 275.77 404.20 Td (taxes ) Tj ET Q q 0 0 0 rg BT 305.60 404.20 Td (are ) Tj ET Q q 0 0 0 rg BT 325.04 404.20 Td (incurred ) Tj ET Q q 0 0 0 rg BT 368.31 404.20 Td (by ) Tj ET Q q 0 0 0 rg BT 383.47 404.20 Td (the ) Tj ET Q q 0 0 0 rg BT 402.30 404.20 Td (Company) Tj ET Q q 0 0 0 rg BT 448.56 404.20 Td (. ) Tj ET Q q 0 0 0 rg BT 455.15 404.20 Td (Instead, ) Tj ET Q q 0 0 0 rg BT 497.83 404.20 Td (the ) Tj ET Q q 0 0 0 rg BT 516.65 404.20 Td (Members ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 391.00 Td (are ) Tj ET Q q 0 0 0 rg BT 67.68 391.00 Td (liable ) Tj ET Q q 0 0 0 rg BT 95.66 391.00 Td (for ) Tj ET Q q 0 0 0 rg BT 110.78 391.00 Td (income ) Tj ET Q q 0 0 0 rg BT 148.52 391.00 Td (taxes ) Tj ET Q q 0 0 0 rg BT 177.10 391.00 Td (on ) Tj ET Q q 0 0 0 rg BT 191.62 391.00 Td (their ) Tj ET Q q 0 0 0 rg BT 215.31 391.00 Td (pro ) Tj ET Q q 0 0 0 rg BT 233.49 391.00 Td (rata ) Tj ET Q q 0 0 0 rg BT 254.73 391.00 Td (share ) Tj ET Q q 0 0 0 rg BT 284.54 391.00 Td (of ) Tj ET Q q 0 0 0 rg BT 296.00 391.00 Td (the ) Tj ET Q q 0 0 0 rg BT 313.57 391.00 Td (Company's ) Tj ET Q q 0 0 0 rg BT 370.54 391.00 Td (income, ) Tj ET Q q 0 0 0 rg BT 411.34 391.00 Td (deductions, ) Tj ET Q q 0 0 0 rg BT 469.89 391.00 Td (losses, ) Tj ET Q q 0 0 0 rg BT 506.41 391.00 Td (and ) Tj ET Q q 0 0 0 rg BT 527.05 391.00 Td (credits. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 365.80 Td (In ) Tj ET Q q 0 0 0 rg BT 61.64 365.80 Td (certain ) Tj ET Q q 0 0 0 rg BT 97.63 365.80 Td (states, ) Tj ET Q q 0 0 0 rg BT 133.00 365.80 Td (the ) Tj ET Q q 0 0 0 rg BT 151.26 365.80 Td (Company ) Tj ET Q q 0 0 0 rg BT 201.30 365.80 Td (is ) Tj ET Q q 0 0 0 rg BT 212.22 365.80 Td (taxed ) Tj ET Q q 0 0 0 rg BT 242.09 365.80 Td (based ) Tj ET Q q 0 0 0 rg BT 275.03 365.80 Td (upon ) Tj ET Q q 0 0 0 rg BT 302.47 365.80 Td (shareholder ) Tj ET Q q 0 0 0 rg BT 363.53 365.80 Td (equity ) Tj ET Q q 0 0 0 rg BT 395.85 365.80 Td (or ) Tj ET Q q 0 0 0 rg BT 408.60 365.80 Td (other ) Tj ET Q q 0 0 0 rg BT 436.64 365.80 Td (enterprise ) Tj ET Q q 0 0 0 rg BT 488.53 365.80 Td (considerations. ) Tj ET Q q 0 0 0 rg BT 565.57 365.80 Td ( ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 352.60 Td (In ) Tj ET Q q 0 0 0 rg BT 61.59 352.60 Td (these ) Tj ET Q q 0 0 0 rg BT 91.42 352.60 Td (instances ) Tj ET Q q 0 0 0 rg BT 140.80 352.60 Td (the ) Tj ET Q q 0 0 0 rg BT 159.01 352.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 209.00 352.60 Td (records ) Tj ET Q q 0 0 0 rg BT 248.60 352.60 Td (and ) Tj ET Q q 0 0 0 rg BT 269.87 352.60 Td (pays ) Tj ET Q q 0 0 0 rg BT 296.02 352.60 Td (the ) Tj ET Q q 0 0 0 rg BT 314.23 352.60 Td (applicable ) Tj ET Q q 0 0 0 rg BT 366.68 352.60 Td (tax ) Tj ET Q q 0 0 0 rg BT 384.27 352.60 Td (directly ) Tj ET Q q 0 0 0 rg BT 422.03 352.60 Td (to ) Tj ET Q q 0 0 0 rg BT 434.12 352.60 Td (the ) Tj ET Q q 0 0 0 rg BT 452.33 352.60 Td (state ) Tj ET Q q 0 0 0 rg BT 479.09 352.60 Td (agency) Tj ET Q q 0 0 0 rg BT 513.74 352.60 Td (. ) Tj ET Q q 0 0 0 rg BT 519.72 352.60 Td (Deferred ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 339.40 Td (income ) Tj ET Q q 0 0 0 rg BT 86.78 339.40 Td (taxes ) Tj ET Q q 0 0 0 rg BT 114.89 339.40 Td (are ) Tj ET Q q 0 0 0 rg BT 132.61 339.40 Td (provided ) Tj ET Q q 0 0 0 rg BT 176.62 339.40 Td (for ) Tj ET Q q 0 0 0 rg BT 191.28 339.40 Td (temporary ) Tj ET Q q 0 0 0 rg BT 242.61 339.40 Td (dif) Tj ET Q q 0 0 0 rg BT 254.03 339.40 Td (ferences ) Tj ET Q q 0 0 0 rg BT 298.04 339.40 Td (arising ) Tj ET Q q 0 0 0 rg BT 332.26 339.40 Td (from ) Tj ET Q q 0 0 0 rg BT 356.08 339.40 Td (dif) Tj ET Q q 0 0 0 rg BT 367.50 339.40 Td (ferences ) Tj ET Q q 0 0 0 rg BT 411.51 339.40 Td (between ) Tj ET Q q 0 0 0 rg BT 454.92 339.40 Td (the ) Tj ET Q q 0 0 0 rg BT 472.03 339.40 Td (financial ) Tj ET Q q 0 0 0 rg BT 514.20 339.40 Td (statement ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 326.20 Td (amount ) Tj ET Q q 0 0 0 rg BT 89.24 326.20 Td (and ) Tj ET Q q 0 0 0 rg BT 110.65 326.20 Td (tax ) Tj ET Q q 0 0 0 rg BT 128.38 326.20 Td (basis ) Tj ET Q q 0 0 0 rg BT 157.11 326.20 Td (of ) Tj ET Q q 0 0 0 rg BT 169.34 326.20 Td (assets ) Tj ET Q q 0 0 0 rg BT 204.19 326.20 Td (and ) Tj ET Q q 0 0 0 rg BT 225.60 326.20 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 270.22 326.20 Td (existing ) Tj ET Q q 0 0 0 rg BT 310.58 326.20 Td (at ) Tj ET Q q 0 0 0 rg BT 322.80 326.20 Td (each ) Tj ET Q q 0 0 0 rg BT 349.71 326.20 Td (balance ) Tj ET Q q 0 0 0 rg BT 391.30 326.20 Td (sheet ) Tj ET Q q 0 0 0 rg BT 421.26 326.20 Td (date, ) Tj ET Q q 0 0 0 rg BT 448.78 326.20 Td (using ) Tj ET Q q 0 0 0 rg BT 478.13 326.20 Td (enacted ) Tj ET Q q 0 0 0 rg BT 520.33 326.20 Td (tax ) Tj ET Q q 0 0 0 rg BT 538.06 326.20 Td (rates ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 313.00 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 104.44 313.00 Td (to ) Tj ET Q q 0 0 0 rg BT 115.34 313.00 Td (be ) Tj ET Q q 0 0 0 rg BT 129.31 313.00 Td (in ) Tj ET Q q 0 0 0 rg BT 139.60 313.00 Td (ef) Tj ET Q q 0 0 0 rg BT 148.58 313.00 Td (fect ) Tj ET Q q 0 0 0 rg BT 168.04 313.00 Td (when ) Tj ET Q q 0 0 0 rg BT 196.06 313.00 Td (the ) Tj ET Q q 0 0 0 rg BT 213.09 313.00 Td (related ) Tj ET Q q 0 0 0 rg BT 248.45 313.00 Td (taxes ) Tj ET Q q 0 0 0 rg BT 276.47 313.00 Td (are ) Tj ET Q q 0 0 0 rg BT 294.10 313.00 Td (expected ) Tj ET Q q 0 0 0 rg BT 340.48 313.00 Td (to ) Tj ET Q q 0 0 0 rg BT 351.38 313.00 Td (be ) Tj ET Q q 0 0 0 rg BT 365.35 313.00 Td (paid. ) Tj ET Q q 0 0 0 rg BT 390.93 313.00 Td ( ) Tj ET Q q 0 0 0 rg BT 392.32 313.00 Td (A) Tj ET Q q 0 0 0 rg BT 399.05 313.00 Td ( ) Tj ET Q q 0 0 0 rg BT 400.78 313.00 Td (valuation ) Tj ET Q q 0 0 0 rg BT 446.55 313.00 Td (allowance ) Tj ET Q q 0 0 0 rg BT 497.20 313.00 Td (is ) Tj ET Q q 0 0 0 rg BT 506.87 313.00 Td (established ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 299.80 Td (if ) Tj ET Q q 0 0 0 rg BT 57.69 299.80 Td (it ) Tj ET Q q 0 0 0 rg BT 65.88 299.80 Td (is ) Tj ET Q q 0 0 0 rg BT 76.51 299.80 Td (more ) Tj ET Q q 0 0 0 rg BT 104.26 299.80 Td (likely ) Tj ET Q q 0 0 0 rg BT 131.39 299.80 Td (than ) Tj ET Q q 0 0 0 rg BT 155.49 299.80 Td (not ) Tj ET Q q 0 0 0 rg BT 173.47 299.80 Td (that ) Tj ET Q q 0 0 0 rg BT 194.50 299.80 Td (a ) Tj ET Q q 0 0 0 rg BT 203.31 299.80 Td (deferred ) Tj ET Q q 0 0 0 rg BT 246.97 299.80 Td (tax ) Tj ET Q q 0 0 0 rg BT 264.33 299.80 Td (asset ) Tj ET Q q 0 0 0 rg BT 293.31 299.80 Td (will ) Tj ET Q q 0 0 0 rg BT 311.27 299.80 Td (not ) Tj ET Q q 0 0 0 rg BT 329.25 299.80 Td (be ) Tj ET Q q 0 0 0 rg BT 344.17 299.80 Td (realized. ) Tj ET Q q 0 0 0 rg BT 388.44 299.80 Td ( ) Tj ET Q q 0 0 0 rg BT 390.95 299.80 Td (The ) Tj ET Q q 0 0 0 rg BT 412.59 299.80 Td (Company ) Tj ET Q q 0 0 0 rg BT 462.36 299.80 Td (includes ) Tj ET Q q 0 0 0 rg BT 505.40 299.80 Td (interest ) Tj ET Q q 0 0 0 rg BT 544.16 299.80 Td (and ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 286.60 Td (penalties ) Tj ET Q q 0 0 0 rg BT 98.06 286.60 Td (related ) Tj ET Q q 0 0 0 rg BT 136.23 286.60 Td (to ) Tj ET Q q 0 0 0 rg BT 149.94 286.60 Td (state ) Tj ET Q q 0 0 0 rg BT 178.32 286.60 Td (tax ) Tj ET Q q 0 0 0 rg BT 197.52 286.60 Td (as ) Tj ET Q q 0 0 0 rg BT 213.67 286.60 Td (a ) Tj ET Q q 0 0 0 rg BT 224.32 286.60 Td (component ) Tj ET Q q 0 0 0 rg BT 283.28 286.60 Td (of ) Tj ET Q q 0 0 0 rg BT 296.99 286.60 Td (income ) Tj ET Q q 0 0 0 rg BT 336.98 286.60 Td (tax ) Tj ET Q q 0 0 0 rg BT 356.18 286.60 Td (expense. ) Tj ET Q q 0 0 0 rg BT 405.36 286.60 Td ( ) Tj ET Q q 0 0 0 rg BT 408.99 286.60 Td (As ) Tj ET Q q 0 0 0 rg BT 426.36 286.60 Td (of ) Tj ET Q q 0 0 0 rg BT 440.07 286.60 Td (December ) Tj ET Q q 0 0 0 rg BT 495.34 286.60 Td (31, ) Tj ET Q q 0 0 0 rg BT 515.16 286.60 Td (2015, ) Tj ET Q q 0 0 0 rg BT 547.22 286.60 Td (the ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 273.40 Td (Company) Tj ET Q q 0 0 0 rg BT 98.82 273.40 Td (s ) Tj ET Q q 0 0 0 rg BT 107.15 273.40 Td (tax ) Tj ET Q q 0 0 0 rg BT 124.64 273.40 Td (years ) Tj ET Q q 0 0 0 rg BT 154.36 273.40 Td (of ) Tj ET Q q 0 0 0 rg BT 166.36 273.40 Td (2012 ) Tj ET Q q 0 0 0 rg BT 193.66 273.40 Td (through ) Tj ET Q q 0 0 0 rg BT 233.79 273.40 Td (2014 ) Tj ET Q q 0 0 0 rg BT 261.08 273.40 Td (are ) Tj ET Q q 0 0 0 rg BT 279.80 273.40 Td (subject ) Tj ET Q q 0 0 0 rg BT 317.48 273.40 Td (to ) Tj ET Q q 0 0 0 rg BT 329.48 273.40 Td (examination ) Tj ET Q q 0 0 0 rg BT 391.61 273.40 Td (by ) Tj ET Q q 0 0 0 rg BT 406.05 273.40 Td (the ) Tj ET Q q 0 0 0 rg BT 424.17 273.40 Td (applicable ) Tj ET Q q 0 0 0 rg BT 476.53 273.40 Td (taxing ) Tj ET Q q 0 0 0 rg BT 508.70 273.40 Td (authorities.) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 248.20 Td (The ) Tj ET Q q 0 0 0 rg BT 74.13 248.20 Td (Company ) Tj ET Q q 0 0 0 rg BT 126.89 248.20 Td (applies ) Tj ET Q q 0 0 0 rg BT 167.43 248.20 Td (the ) Tj ET Q q 0 0 0 rg BT 188.40 248.20 Td (Financial ) Tj ET Q q 0 0 0 rg BT 236.97 248.20 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 297.08 248.20 Td (Standards ) Tj ET Q q 0 0 0 rg BT 352.90 248.20 Td (Board) Tj ET Q q 0 0 0 rg BT 384.50 248.20 Td (s ) Tj ET Q q 0 0 0 rg BT 395.68 248.20 Td (\(F) Tj ET Q q 0 0 0 rg BT 409.12 248.20 Td (ASB\) ) Tj ET Q q 0 0 0 rg BT 444.14 248.20 Td (requirements ) Tj ET Q q 0 0 0 rg BT 514.01 248.20 Td (related ) Tj ET Q q 0 0 0 rg BT 553.32 248.20 Td (to ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 235.00 Td (accounting ) Tj ET Q q 0 0 0 rg BT 106.45 235.00 Td (for ) Tj ET Q q 0 0 0 rg BT 123.03 235.00 Td (uncertain ) Tj ET Q q 0 0 0 rg BT 172.03 235.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 190.45 235.00 Td (positions. ) Tj ET Q q 0 0 0 rg BT 240.67 235.00 Td (During ) Tj ET Q q 0 0 0 rg BT 276.82 235.00 Td (the ) Tj ET Q q 0 0 0 rg BT 295.85 235.00 Td (years ) Tj ET Q q 0 0 0 rg BT 326.50 235.00 Td (ended ) Tj ET Q q 0 0 0 rg BT 360.83 235.00 Td (December ) Tj ET Q q 0 0 0 rg BT 415.32 235.00 Td (31, ) Tj ET Q q 0 0 0 rg BT 434.35 235.00 Td (2015, ) Tj ET Q q 0 0 0 rg BT 465.63 235.00 Td (2014 ) Tj ET Q q 0 0 0 rg BT 493.84 235.00 Td (and ) Tj ET Q q 0 0 0 rg BT 515.94 235.00 Td (2013, ) Tj ET Q q 0 0 0 rg BT 547.21 235.00 Td (the ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 221.80 Td (Company ) Tj ET Q q 0 0 0 rg BT 99.37 221.80 Td (has ) Tj ET Q q 0 0 0 rg BT 119.90 221.80 Td (concluded ) Tj ET Q q 0 0 0 rg BT 172.84 221.80 Td (that ) Tj ET Q q 0 0 0 rg BT 193.98 221.80 Td (there ) Tj ET Q q 0 0 0 rg BT 221.84 221.80 Td (are ) Tj ET Q q 0 0 0 rg BT 240.53 221.80 Td (no ) Tj ET Q q 0 0 0 rg BT 255.56 221.80 Td (significant ) Tj ET Q q 0 0 0 rg BT 307.27 221.80 Td (uncertain ) Tj ET Q q 0 0 0 rg BT 355.31 221.80 Td (tax ) Tj ET Q q 0 0 0 rg BT 372.78 221.80 Td (positions ) Tj ET Q q 0 0 0 rg BT 418.98 221.80 Td (that ) Tj ET Q q 0 0 0 rg BT 440.12 221.80 Td (would ) Tj ET Q q 0 0 0 rg BT 471.66 221.80 Td (require ) Tj ET Q q 0 0 0 rg BT 508.69 221.80 Td (recognition ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 208.60 Td (or ) Tj ET Q q 0 0 0 rg BT 62.79 208.60 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 115.83 208.60 Td (in ) Tj ET Q q 0 0 0 rg BT 127.91 208.60 Td (the ) Tj ET Q q 0 0 0 rg BT 146.71 208.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 190.58 208.60 Td (statements. ) Tj ET Q q 0 0 0 rg BT 250.26 208.60 Td (As ) Tj ET Q q 0 0 0 rg BT 266.61 208.60 Td (of ) Tj ET Q q 0 0 0 rg BT 279.30 208.60 Td (December31, ) Tj ET Q q 0 0 0 rg BT 351.90 208.60 Td (2015 ) Tj ET Q q 0 0 0 rg BT 379.89 208.60 Td (and ) Tj ET Q q 0 0 0 rg BT 401.75 208.60 Td (2014, ) Tj ET Q q 0 0 0 rg BT 432.79 208.60 Td (respectively) Tj ET Q q 0 0 0 rg BT 490.06 208.60 Td (, ) Tj ET Q q 0 0 0 rg BT 496.63 208.60 Td (the ) Tj ET Q q 0 0 0 rg BT 515.43 208.60 Td (Company ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 195.40 Td (made ) Tj ET Q q 0 0 0 rg BT 80.07 195.40 Td (no ) Tj ET Q q 0 0 0 rg BT 95.36 195.40 Td (provision ) Tj ET Q q 0 0 0 rg BT 142.44 195.40 Td (for ) Tj ET Q q 0 0 0 rg BT 158.33 195.40 Td (interest ) Tj ET Q q 0 0 0 rg BT 197.46 195.40 Td (or ) Tj ET Q q 0 0 0 rg BT 210.30 195.40 Td (penalties ) Tj ET Q q 0 0 0 rg BT 257.39 195.40 Td (related ) Tj ET Q q 0 0 0 rg BT 294.08 195.40 Td (to ) Tj ET Q q 0 0 0 rg BT 306.31 195.40 Td (uncertain ) Tj ET Q q 0 0 0 rg BT 354.62 195.40 Td (positions.) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 49.50 169.00 Td (Reclassifications) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 155.80 Td ( ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 142.60 Td (Certain ) Tj ET Q q 0 0 0 rg BT 88.08 142.60 Td (reclassifications ) Tj ET Q q 0 0 0 rg BT 168.84 142.60 Td (have ) Tj ET Q q 0 0 0 rg BT 195.82 142.60 Td (been ) Tj ET Q q 0 0 0 rg BT 223.41 142.60 Td (made ) Tj ET Q q 0 0 0 rg BT 254.05 142.60 Td (to ) Tj ET Q q 0 0 0 rg BT 266.34 142.60 Td (the ) Tj ET Q q 0 0 0 rg BT 284.76 142.60 Td (prior ) Tj ET Q q 0 0 0 rg BT 309.88 142.60 Td (years' ) Tj ET Q q 0 0 0 rg BT 342.00 142.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 385.48 142.60 Td (statements ) Tj ET Q q 0 0 0 rg BT 442.41 142.60 Td (to ) Tj ET Q q 0 0 0 rg BT 454.70 142.60 Td (conform ) Tj ET Q q 0 0 0 rg BT 497.56 142.60 Td (to ) Tj ET Q q 0 0 0 rg BT 509.85 142.60 Td (the ) Tj ET Q q 0 0 0 rg BT 528.27 142.60 Td (current ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 129.40 Td (year ) Tj ET Q q 0 0 0 rg BT 74.99 129.40 Td (presentation. ) Tj ET Q q 0 0 0 rg BT 142.69 129.40 Td ( ) Tj ET Q q 0 0 0 rg BT 146.52 129.40 Td (These ) Tj ET Q q 0 0 0 rg BT 181.18 129.40 Td (reclassifications ) Tj ET Q q 0 0 0 rg BT 262.92 129.40 Td (had ) Tj ET Q q 0 0 0 rg BT 285.36 129.40 Td (no ) Tj ET Q q 0 0 0 rg BT 301.69 129.40 Td (ef) Tj ET Q q 0 0 0 rg BT 310.67 129.40 Td (fect ) Tj ET Q q 0 0 0 rg BT 332.49 129.40 Td (on ) Tj ET Q q 0 0 0 rg BT 348.82 129.40 Td (previously ) Tj ET Q q 0 0 0 rg BT 402.44 129.40 Td (reported ) Tj ET Q q 0 0 0 rg BT 447.51 129.40 Td (results ) Tj ET Q q 0 0 0 rg BT 484.00 129.40 Td (of ) Tj ET Q q 0 0 0 rg BT 497.27 129.40 Td (operations ) Tj ET Q q 0 0 0 rg BT 552.73 129.40 Td (or ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 116.20 Td (members' ) Tj ET Q q 0 0 0 rg BT 100.50 116.20 Td (equity) Tj ET Q q 0 0 0 rg BT 129.04 116.20 Td (.) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 49.50 89.80 Td (Recent ) Tj ET Q q 0 0 0 rg BT 88.83 89.80 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 152.38 89.80 Td (Pronouncements ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 64.60 Td (In ) Tj ET Q q 0 0 0 rg BT 62.30 64.60 Td (May ) Tj ET Q q 0 0 0 rg BT 86.72 64.60 Td (2014, ) Tj ET Q q 0 0 0 rg BT 117.87 64.60 Td (the ) Tj ET Q q 0 0 0 rg BT 136.80 64.60 Td (F) Tj ET Q q 0 0 0 rg BT 142.91 64.60 Td (ASB ) Tj ET Q q 0 0 0 rg BT 168.55 64.60 Td (issued ) Tj ET Q q 0 0 0 rg BT 203.26 64.60 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 261.31 64.60 Td (Standards ) Tj ET Q q 0 0 0 rg BT 315.09 64.60 Td (Update ) Tj ET Q q 0 0 0 rg BT 354.19 64.60 Td (\(ASU\) ) Tj ET Q q 0 0 0 rg BT 395.09 64.60 Td (2014-09, ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 442.15 64.60 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 489.81 64.60 Td (from ) Tj ET Q q 0 0 0 rg BT 515.44 64.60 Td (Contracts ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 49.50 51.40 Td (with ) Tj ET Q q 0 0 0 rg BT 72.50 51.40 Td (Customers) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 125.68 51.40 Td (. ) Tj ET Q q 0 0 0 rg BT 132.18 51.40 Td ( ) Tj ET Q q 0 0 0 rg BT 134.94 51.40 Td (As ) Tj ET Q q 0 0 0 rg BT 151.22 51.40 Td (amended ) Tj ET Q q 0 0 0 rg BT 200.53 51.40 Td (by ) Tj ET Q q 0 0 0 rg BT 214.91 51.40 Td (ASU ) Tj ET Q q 0 0 0 rg BT 240.97 51.40 Td (No. ) Tj ET Q q 0 0 0 rg BT 261.53 51.40 Td (2015-14, ) Tj ET Q q 0 0 0 rg BT 308.40 51.40 Td (the ) Tj ET Q q 0 0 0 rg BT 326.45 51.40 Td (ASU ) Tj ET Q q 0 0 0 rg BT 352.51 51.40 Td (is ) Tj ET Q q 0 0 0 rg BT 363.90 51.40 Td (ef) Tj ET Q q 0 0 0 rg BT 372.87 51.40 Td (fective ) Tj ET Q q 0 0 0 rg BT 408.11 51.40 Td (for ) Tj ET Q q 0 0 0 rg BT 424.39 51.40 Td (public ) Tj ET Q q 0 0 0 rg BT 456.57 51.40 Td (companies ) Tj ET Q q 0 0 0 rg BT 513.21 51.40 Td (for ) Tj ET Q q 0 0 0 rg BT 529.49 51.40 Td (annual ) Tj ET Q endstream endobj 311 0 obj <> endobj 312 0 obj <> stream BT /F5 11.00 Tf ET q 0 0 0 rg BT 168.80 771.50 Td (CLEAN COAL) Tj ET Q q 0 0 0 rg BT 240.71 771.50 Td ( SOLUTIONS, LLC ) Tj ET Q q 0 0 0 rg BT 338.08 771.50 Td (AND SUBSIDIARIES) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 163.80 758.30 Td (NOTES T) Tj ET Q q 0 0 0 rg BT 211.27 758.30 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 288.07 758.30 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 372.19 758.30 Td ( ST) Tj ET Q q 0 0 0 rg BT 388.49 758.30 Td (A) Tj ET Q q 0 0 0 rg BT 395.62 758.30 Td (TEMENTS) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 209.25 745.10 Td (DECEMBER 31, 2015, 2014 ) Tj ET Q q 0 0 0 rg BT 351.30 745.10 Td (AND 2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 33.60 Td (152) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 703.00 Td (reporting ) Tj ET Q q 0 0 0 rg BT 97.29 703.00 Td (periods ) Tj ET Q q 0 0 0 rg BT 137.75 703.00 Td (beginning ) Tj ET Q q 0 0 0 rg BT 189.84 703.00 Td (after ) Tj ET Q q 0 0 0 rg BT 216.23 703.00 Td (December ) Tj ET Q q 0 0 0 rg BT 271.35 703.00 Td (15, ) Tj ET Q q 0 0 0 rg BT 291.02 703.00 Td (2017 ) Tj ET Q q 0 0 0 rg BT 319.87 703.00 Td (and ) Tj ET Q q 0 0 0 rg BT 342.60 703.00 Td (is ) Tj ET Q q 0 0 0 rg BT 354.92 703.00 Td (ef) Tj ET Q q 0 0 0 rg BT 363.90 703.00 Td (fective ) Tj ET Q q 0 0 0 rg BT 400.06 703.00 Td (for ) Tj ET Q q 0 0 0 rg BT 417.28 703.00 Td (private ) Tj ET Q q 0 0 0 rg BT 454.67 703.00 Td (companies ) Tj ET Q q 0 0 0 rg BT 512.25 703.00 Td (for ) Tj ET Q q 0 0 0 rg BT 529.46 703.00 Td (annual ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 689.80 Td (reporting ) Tj ET Q q 0 0 0 rg BT 97.04 689.80 Td (periods ) Tj ET Q q 0 0 0 rg BT 137.24 689.80 Td (beginning ) Tj ET Q q 0 0 0 rg BT 189.07 689.80 Td (after ) Tj ET Q q 0 0 0 rg BT 215.20 689.80 Td (December ) Tj ET Q q 0 0 0 rg BT 270.06 689.80 Td (15, ) Tj ET Q q 0 0 0 rg BT 289.48 689.80 Td (2018 ) Tj ET Q q 0 0 0 rg BT 318.07 689.80 Td (and ) Tj ET Q q 0 0 0 rg BT 340.54 689.80 Td (is ) Tj ET Q q 0 0 0 rg BT 352.61 689.80 Td (to ) Tj ET Q q 0 0 0 rg BT 365.90 689.80 Td (be ) Tj ET Q q 0 0 0 rg BT 382.26 689.80 Td (applied ) Tj ET Q q 0 0 0 rg BT 421.86 689.80 Td (using ) Tj ET Q q 0 0 0 rg BT 452.28 689.80 Td (one ) Tj ET Q q 0 0 0 rg BT 474.75 689.80 Td (of ) Tj ET Q q 0 0 0 rg BT 488.05 689.80 Td (two ) Tj ET Q q 0 0 0 rg BT 509.29 689.80 Td (acceptable ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 676.60 Td (methods. ) Tj ET Q q 0 0 0 rg BT 97.16 676.60 Td ( ) Tj ET Q q 0 0 0 rg BT 99.41 676.60 Td (The ) Tj ET Q q 0 0 0 rg BT 120.77 676.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 170.26 676.60 Td (has ) Tj ET Q q 0 0 0 rg BT 190.41 676.60 Td (not ) Tj ET Q q 0 0 0 rg BT 208.11 676.60 Td (yet ) Tj ET Q q 0 0 0 rg BT 225.19 676.60 Td (determined ) Tj ET Q q 0 0 0 rg BT 282.64 676.60 Td (the ) Tj ET Q q 0 0 0 rg BT 300.34 676.60 Td (impact ) Tj ET Q q 0 0 0 rg BT 335.15 676.60 Td (that ) Tj ET Q q 0 0 0 rg BT 355.42 676.60 Td (ASU ) Tj ET Q q 0 0 0 rg BT 380.45 676.60 Td (2014-09 ) Tj ET Q q 0 0 0 rg BT 423.23 676.60 Td (may ) Tj ET Q q 0 0 0 rg BT 446.42 676.60 Td (have ) Tj ET Q q 0 0 0 rg BT 472.69 676.60 Td (on ) Tj ET Q q 0 0 0 rg BT 487.33 676.60 Td (its ) Tj ET Q q 0 0 0 rg BT 500.74 676.60 Td (consolidated ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 663.40 Td (financial ) Tj ET Q q 0 0 0 rg BT 92.91 663.40 Td (statements.) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 638.20 Td (The ) Tj ET Q q 0 0 0 rg BT 74.79 638.20 Td (F) Tj ET Q q 0 0 0 rg BT 80.90 638.20 Td (ASB ) Tj ET Q q 0 0 0 rg BT 109.25 638.20 Td (issued ) Tj ET Q q 0 0 0 rg BT 146.13 638.20 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 206.89 638.20 Td (Standards ) Tj ET Q q 0 0 0 rg BT 263.38 638.20 Td (Update ) Tj ET Q q 0 0 0 rg BT 305.18 638.20 Td (No. ) Tj ET Q q 0 0 0 rg BT 328.64 638.20 Td (2015-02, ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 378.40 638.20 Td (Consolidation ) Tj ET Q q 0 0 0 rg BT 451.40 638.20 Td (- ) Tj ET Q q 0 0 0 rg BT 460.55 638.20 Td (Amendments ) Tj ET Q q 0 0 0 rg BT 531.70 638.20 Td (to ) Tj ET Q q 0 0 0 rg BT 547.21 638.20 Td (the ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 49.50 625.00 Td (Consolidation ) Tj ET Q q 0 0 0 rg BT 117.75 625.00 Td (Analysis) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 158.71 625.00 Td (, ) Tj ET Q q 0 0 0 rg BT 163.62 625.00 Td (during ) Tj ET Q q 0 0 0 rg BT 196.04 625.00 Td (the ) Tj ET Q q 0 0 0 rg BT 213.18 625.00 Td (first ) Tj ET Q q 0 0 0 rg BT 232.74 625.00 Td (quarter ) Tj ET Q q 0 0 0 rg BT 269.44 625.00 Td (of ) Tj ET Q q 0 0 0 rg BT 280.46 625.00 Td (2015. ) Tj ET Q q 0 0 0 rg BT 309.83 625.00 Td (Once ) Tj ET Q q 0 0 0 rg BT 337.97 625.00 Td (ef) Tj ET Q q 0 0 0 rg BT 346.95 625.00 Td (fective, ) Tj ET Q q 0 0 0 rg BT 383.64 625.00 Td (the ) Tj ET Q q 0 0 0 rg BT 400.41 625.00 Td (ASU ) Tj ET Q q 0 0 0 rg BT 424.87 625.00 Td (will ) Tj ET Q q 0 0 0 rg BT 441.99 625.00 Td (apply ) Tj ET Q q 0 0 0 rg BT 470.14 625.00 Td (to ) Tj ET Q q 0 0 0 rg BT 481.16 625.00 Td (the ) Tj ET Q q 0 0 0 rg BT 498.29 625.00 Td (consolidation ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 611.80 Td (assessment ) Tj ET Q q 0 0 0 rg BT 111.15 611.80 Td (of ) Tj ET Q q 0 0 0 rg BT 123.28 611.80 Td (all ) Tj ET Q q 0 0 0 rg BT 137.25 611.80 Td (entities. ) Tj ET Q q 0 0 0 rg BT 177.93 611.80 Td (The ) Tj ET Q q 0 0 0 rg BT 199.84 611.80 Td (standard ) Tj ET Q q 0 0 0 rg BT 245.61 611.80 Td (is ) Tj ET Q q 0 0 0 rg BT 256.52 611.80 Td (ef) Tj ET Q q 0 0 0 rg BT 265.49 611.80 Td (fective ) Tj ET Q q 0 0 0 rg BT 300.24 611.80 Td (for ) Tj ET Q q 0 0 0 rg BT 316.04 611.80 Td (reporting ) Tj ET Q q 0 0 0 rg BT 362.41 611.80 Td (entities ) Tj ET Q q 0 0 0 rg BT 400.23 611.80 Td (with ) Tj ET Q q 0 0 0 rg BT 422.75 611.80 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 450.77 611.80 Td (periods ) Tj ET Q q 0 0 0 rg BT 489.81 611.80 Td (beginning ) Tj ET Q q 0 0 0 rg BT 540.48 611.80 Td (after ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 598.60 Td (December ) Tj ET Q q 0 0 0 rg BT 103.35 598.60 Td (15, ) Tj ET Q q 0 0 0 rg BT 121.75 598.60 Td (2015. ) Tj ET Q q 0 0 0 rg BT 152.18 598.60 Td (The ) Tj ET Q q 0 0 0 rg BT 174.24 598.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 224.42 598.60 Td (has ) Tj ET Q q 0 0 0 rg BT 245.27 598.60 Td (assessed ) Tj ET Q q 0 0 0 rg BT 294.84 598.60 Td (the ) Tj ET Q q 0 0 0 rg BT 313.24 598.60 Td (impact ) Tj ET Q q 0 0 0 rg BT 348.75 598.60 Td (of ) Tj ET Q q 0 0 0 rg BT 361.03 598.60 Td (the ) Tj ET Q q 0 0 0 rg BT 378.81 598.60 Td (ASU ) Tj ET Q q 0 0 0 rg BT 404.53 598.60 Td (on ) Tj ET Q q 0 0 0 rg BT 419.88 598.60 Td (its ) Tj ET Q q 0 0 0 rg BT 433.98 598.60 Td (consolidation ) Tj ET Q q 0 0 0 rg BT 501.30 598.60 Td (analysis ) Tj ET Q q 0 0 0 rg BT 544.15 598.60 Td (and ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 585.40 Td (has ) Tj ET Q q 0 0 0 rg BT 70.28 585.40 Td (determined ) Tj ET Q q 0 0 0 rg BT 128.35 585.40 Td (that ) Tj ET Q q 0 0 0 rg BT 149.74 585.40 Td (the ) Tj ET Q q 0 0 0 rg BT 168.07 585.40 Td (consolidation ) Tj ET Q q 0 0 0 rg BT 235.32 585.40 Td (conclusions ) Tj ET Q q 0 0 0 rg BT 295.84 585.40 Td (will ) Tj ET Q q 0 0 0 rg BT 314.16 585.40 Td (not ) Tj ET Q q 0 0 0 rg BT 332.49 585.40 Td (dif) Tj ET Q q 0 0 0 rg BT 343.91 585.40 Td (fer ) Tj ET Q q 0 0 0 rg BT 359.79 585.40 Td (from ) Tj ET Q q 0 0 0 rg BT 384.83 585.40 Td (the ) Tj ET Q q 0 0 0 rg BT 403.16 585.40 Td (Company) Tj ET Q q 0 0 0 rg BT 452.48 585.40 Td (s ) Tj ET Q q 0 0 0 rg BT 461.02 585.40 Td (current ) Tj ET Q q 0 0 0 rg BT 498.30 585.40 Td (consolidation ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 572.20 Td (methodology) Tj ET Q q 0 0 0 rg BT 111.67 572.20 Td (. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 547.00 Td (The F) Tj ET Q q 0 0 0 rg BT 77.62 547.00 Td (ASB issued ) Tj ET Q q 0 0 0 rg BT 136.94 547.00 Td (Accounting Standards Update No. 2015-17 - ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 356.46 547.00 Td (Income T) Tj ET Q q 0 0 0 rg BT 401.30 547.00 Td (axes) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 424.54 547.00 Td (. Currently) Tj ET Q q 0 0 0 rg BT 477.51 547.00 Td (, deferred tax ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 533.80 Td (liabilities and assets that are not related to an asset or liability for financial reporting are classified ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 520.60 Td (according to the expected reversal date of the temporary dif) Tj ET Q q 0 0 0 rg BT 339.74 520.60 Td (ference. ) Tj ET Q q 0 0 0 rg BT 385.40 520.60 Td (T) Tj ET Q q 0 0 0 rg BT 390.90 520.60 Td (o simplify the presentation of ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 507.40 Td (deferred income taxes, the amendments in this ) Tj ET Q q 0 0 0 rg BT 280.62 507.40 Td (ASU require that deferred income tax liabilities and ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 494.20 Td (assets be classified as noncurrent in a classified statement of financial position. ) Tj ET Q q 0 0 0 rg BT 438.17 494.20 Td (The standard is ef) Tj ET Q q 0 0 0 rg BT 526.02 494.20 Td (fective ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 481.00 Td (for public reporting entities with fiscal periods beginning after December 15, 2016 and may be applied ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 467.80 Td (prospectively or retrospectively to all periods presented. ) Tj ET Q q 0 0 0 rg BT 326.88 467.80 Td (The Company anticipates adopting the standard ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 454.60 Td (retrospectively commencing with the year ended December 31, 2016.) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 428.20 Td (In ) Tj ET Q q 0 0 0 rg BT 63.95 428.20 Td (February ) Tj ET Q q 0 0 0 rg BT 113.23 428.20 Td (2016, ) Tj ET Q q 0 0 0 rg BT 146.03 428.20 Td (the ) Tj ET Q q 0 0 0 rg BT 166.59 428.20 Td (F) Tj ET Q q 0 0 0 rg BT 172.71 428.20 Td (ASB ) Tj ET Q q 0 0 0 rg BT 199.99 428.20 Td (issued ) Tj ET Q q 0 0 0 rg BT 236.01 428.20 Td (ASU ) Tj ET Q q 0 0 0 rg BT 263.90 428.20 Td (2016-02 ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 309.54 428.20 Td (Leases ) Tj ET Q q 0 0 0 rg BT 350.28 428.20 Td (\(T) Tj ET Q q 0 0 0 rg BT 359.65 428.20 Td (opic ) Tj ET Q q 0 0 0 rg BT 385.10 428.20 Td (842\) ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 412.39 428.20 Td (which ) Tj ET Q q 0 0 0 rg BT 445.79 428.20 Td (is ) Tj ET Q q 0 0 0 rg BT 459.00 428.20 Td (intended ) Tj ET Q q 0 0 0 rg BT 506.48 428.20 Td (to ) Tj ET Q q 0 0 0 rg BT 520.93 428.20 Td (increase ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 415.00 Td (transparency ) Tj ET Q q 0 0 0 rg BT 116.08 415.00 Td (and ) Tj ET Q q 0 0 0 rg BT 137.43 415.00 Td (comparability ) Tj ET Q q 0 0 0 rg BT 205.22 415.00 Td (of ) Tj ET Q q 0 0 0 rg BT 217.39 415.00 Td (accounting ) Tj ET Q q 0 0 0 rg BT 273.58 415.00 Td (for ) Tj ET Q q 0 0 0 rg BT 289.41 415.00 Td (lease ) Tj ET Q q 0 0 0 rg BT 318.70 415.00 Td (transactions. ) Tj ET Q q 0 0 0 rg BT 384.06 415.00 Td ( ) Tj ET Q q 0 0 0 rg BT 386.86 415.00 Td (The ) Tj ET Q q 0 0 0 rg BT 408.21 415.00 Td (ASU ) Tj ET Q q 0 0 0 rg BT 433.82 415.00 Td (will ) Tj ET Q q 0 0 0 rg BT 452.09 415.00 Td (require ) Tj ET Q q 0 0 0 rg BT 489.32 415.00 Td (all ) Tj ET Q q 0 0 0 rg BT 503.32 415.00 Td (leases ) Tj ET Q q 0 0 0 rg BT 538.11 415.00 Td (to ) Tj ET Q q 0 0 0 rg BT 550.27 415.00 Td (be ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 401.80 Td (recognized ) Tj ET Q q 0 0 0 rg BT 106.65 401.80 Td (on ) Tj ET Q q 0 0 0 rg BT 122.23 401.80 Td (the ) Tj ET Q q 0 0 0 rg BT 140.86 401.80 Td (balance ) Tj ET Q q 0 0 0 rg BT 182.74 401.80 Td (sheet ) Tj ET Q q 0 0 0 rg BT 212.99 401.80 Td (as ) Tj ET Q q 0 0 0 rg BT 227.95 401.80 Td (lease ) Tj ET Q q 0 0 0 rg BT 257.58 401.80 Td (assets ) Tj ET Q q 0 0 0 rg BT 292.72 401.80 Td (and ) Tj ET Q q 0 0 0 rg BT 314.41 401.80 Td (lease ) Tj ET Q q 0 0 0 rg BT 344.05 401.80 Td (liabilities. ) Tj ET Q q 0 0 0 rg BT 392.02 401.80 Td ( ) Tj ET Q q 0 0 0 rg BT 395.36 401.80 Td (Lessor ) Tj ET Q q 0 0 0 rg BT 431.72 401.80 Td (accounting ) Tj ET Q q 0 0 0 rg BT 488.27 401.80 Td (remains ) Tj ET Q q 0 0 0 rg BT 530.73 401.80 Td (similar ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 388.60 Td (to ) Tj ET Q q 0 0 0 rg BT 60.61 388.60 Td (the ) Tj ET Q q 0 0 0 rg BT 77.83 388.60 Td (current ) Tj ET Q q 0 0 0 rg BT 114.00 388.60 Td (model, ) Tj ET Q q 0 0 0 rg BT 148.95 388.60 Td (but ) Tj ET Q q 0 0 0 rg BT 166.18 388.60 Td (is ) Tj ET Q q 0 0 0 rg BT 176.06 388.60 Td (updated ) Tj ET Q q 0 0 0 rg BT 217.75 388.60 Td (to ) Tj ET Q q 0 0 0 rg BT 228.86 388.60 Td (align ) Tj ET Q q 0 0 0 rg BT 254.04 388.60 Td (with ) Tj ET Q q 0 0 0 rg BT 275.53 388.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 310.48 388.60 Td (changes ) Tj ET Q q 0 0 0 rg BT 354.00 388.60 Td (to ) Tj ET Q q 0 0 0 rg BT 365.11 388.60 Td (the ) Tj ET Q q 0 0 0 rg BT 382.34 388.60 Td (lessee ) Tj ET Q q 0 0 0 rg BT 416.07 388.60 Td (model ) Tj ET Q q 0 0 0 rg BT 447.96 388.60 Td (\(e.g., ) Tj ET Q q 0 0 0 rg BT 474.96 388.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 509.91 388.60 Td (definitions, ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 375.40 Td (such ) Tj ET Q q 0 0 0 rg BT 78.63 375.40 Td (as ) Tj ET Q q 0 0 0 rg BT 96.14 375.40 Td (initial ) Tj ET Q q 0 0 0 rg BT 127.09 375.40 Td (direct ) Tj ET Q q 0 0 0 rg BT 159.88 375.40 Td (costs, ) Tj ET Q q 0 0 0 rg BT 194.51 375.40 Td (have ) Tj ET Q q 0 0 0 rg BT 224.25 375.40 Td (been ) Tj ET Q q 0 0 0 rg BT 254.61 375.40 Td (updated\) ) Tj ET Q q 0 0 0 rg BT 303.93 375.40 Td (and ) Tj ET Q q 0 0 0 rg BT 328.17 375.40 Td (the ) Tj ET Q q 0 0 0 rg BT 349.36 375.40 Td (new ) Tj ET Q q 0 0 0 rg BT 375.43 375.40 Td (revenue ) Tj ET Q q 0 0 0 rg BT 421.07 375.40 Td (recognition ) Tj ET Q q 0 0 0 rg BT 480.78 375.40 Td (standard. ) Tj ET Q q 0 0 0 rg BT 532.53 375.40 Td (Lease ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 362.20 Td (classifications ) Tj ET Q q 0 0 0 rg BT 118.99 362.20 Td (by ) Tj ET Q q 0 0 0 rg BT 132.24 362.20 Td (lessors ) Tj ET Q q 0 0 0 rg BT 168.72 362.20 Td (are ) Tj ET Q q 0 0 0 rg BT 186.25 362.20 Td (similar; ) Tj ET Q q 0 0 0 rg BT 222.71 362.20 Td (operating, ) Tj ET Q q 0 0 0 rg BT 273.27 362.20 Td (direct ) Tj ET Q q 0 0 0 rg BT 301.80 362.20 Td (financing, ) Tj ET Q q 0 0 0 rg BT 350.52 362.20 Td (or ) Tj ET Q q 0 0 0 rg BT 361.93 362.20 Td (sales-type. ) Tj ET Q q 0 0 0 rg BT 416.75 362.20 Td ( ) Tj ET Q q 0 0 0 rg BT 418.39 362.20 Td (Lessees ) Tj ET Q q 0 0 0 rg BT 460.99 362.20 Td (will ) Tj ET Q q 0 0 0 rg BT 477.90 362.20 Td (need ) Tj ET Q q 0 0 0 rg BT 504.00 362.20 Td (to ) Tj ET Q q 0 0 0 rg BT 514.81 362.20 Td (recognize ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 349.00 Td (a ) Tj ET Q q 0 0 0 rg BT 57.98 349.00 Td (right-of-use ) Tj ET Q q 0 0 0 rg BT 115.98 349.00 Td (asset ) Tj ET Q q 0 0 0 rg BT 144.63 349.00 Td (and ) Tj ET Q q 0 0 0 rg BT 165.35 349.00 Td (a ) Tj ET Q q 0 0 0 rg BT 173.83 349.00 Td (lease ) Tj ET Q q 0 0 0 rg BT 202.48 349.00 Td (liability ) Tj ET Q q 0 0 0 rg BT 237.86 349.00 Td (for ) Tj ET Q q 0 0 0 rg BT 253.06 349.00 Td (virtually ) Tj ET Q q 0 0 0 rg BT 292.71 349.00 Td (all ) Tj ET Q q 0 0 0 rg BT 306.07 349.00 Td (of ) Tj ET Q q 0 0 0 rg BT 317.61 349.00 Td (their ) Tj ET Q q 0 0 0 rg BT 341.37 349.00 Td (leases. ) Tj ET Q q 0 0 0 rg BT 378.43 349.00 Td (The ) Tj ET Q q 0 0 0 rg BT 399.75 349.00 Td (liability ) Tj ET Q q 0 0 0 rg BT 435.12 349.00 Td (will ) Tj ET Q q 0 0 0 rg BT 452.76 349.00 Td (be ) Tj ET Q q 0 0 0 rg BT 467.36 349.00 Td (equal ) Tj ET Q q 0 0 0 rg BT 496.63 349.00 Td (to ) Tj ET Q q 0 0 0 rg BT 508.17 349.00 Td (the ) Tj ET Q q 0 0 0 rg BT 525.82 349.00 Td (present ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 335.80 Td (value ) Tj ET Q q 0 0 0 rg BT 79.22 335.80 Td (of ) Tj ET Q q 0 0 0 rg BT 91.81 335.80 Td (lease ) Tj ET Q q 0 0 0 rg BT 121.53 335.80 Td (payments. ) Tj ET Q q 0 0 0 rg BT 175.47 335.80 Td (The ) Tj ET Q q 0 0 0 rg BT 197.85 335.80 Td (asset ) Tj ET Q q 0 0 0 rg BT 227.56 335.80 Td (will ) Tj ET Q q 0 0 0 rg BT 246.26 335.80 Td (be ) Tj ET Q q 0 0 0 rg BT 261.91 335.80 Td (based ) Tj ET Q q 0 0 0 rg BT 295.30 335.80 Td (on ) Tj ET Q q 0 0 0 rg BT 310.96 335.80 Td (the ) Tj ET Q q 0 0 0 rg BT 329.67 335.80 Td (liability) Tj ET Q q 0 0 0 rg BT 361.86 335.80 Td (, ) Tj ET Q q 0 0 0 rg BT 368.34 335.80 Td (subject ) Tj ET Q q 0 0 0 rg BT 406.61 335.80 Td (to ) Tj ET Q q 0 0 0 rg BT 419.21 335.80 Td (adjustment, ) Tj ET Q q 0 0 0 rg BT 479.49 335.80 Td (such ) Tj ET Q q 0 0 0 rg BT 506.15 335.80 Td (as ) Tj ET Q q 0 0 0 rg BT 521.19 335.80 Td (for ) Tj ET Q q 0 0 0 rg BT 537.44 335.80 Td (initial ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 322.60 Td (direct ) Tj ET Q q 0 0 0 rg BT 77.93 322.60 Td (costs. ) Tj ET Q q 0 0 0 rg BT 108.19 322.60 Td (For ) Tj ET Q q 0 0 0 rg BT 126.22 322.60 Td (income ) Tj ET Q q 0 0 0 rg BT 163.21 322.60 Td (statement ) Tj ET Q q 0 0 0 rg BT 213.04 322.60 Td (purposes, ) Tj ET Q q 0 0 0 rg BT 262.88 322.60 Td (the ) Tj ET Q q 0 0 0 rg BT 279.70 322.60 Td (F) Tj ET Q q 0 0 0 rg BT 285.81 322.60 Td (ASB ) Tj ET Q q 0 0 0 rg BT 309.35 322.60 Td (retained ) Tj ET Q q 0 0 0 rg BT 350.63 322.60 Td (a ) Tj ET Q q 0 0 0 rg BT 358.28 322.60 Td (dual ) Tj ET Q q 0 0 0 rg BT 380.61 322.60 Td (model, ) Tj ET Q q 0 0 0 rg BT 415.15 322.60 Td (requiring ) Tj ET Q q 0 0 0 rg BT 459.48 322.60 Td (leases ) Tj ET Q q 0 0 0 rg BT 492.81 322.60 Td (to ) Tj ET Q q 0 0 0 rg BT 503.51 322.60 Td (be ) Tj ET Q q 0 0 0 rg BT 517.28 322.60 Td (classified ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 309.40 Td (as ) Tj ET Q q 0 0 0 rg BT 63.60 309.40 Td (either ) Tj ET Q q 0 0 0 rg BT 93.60 309.40 Td (operating ) Tj ET Q q 0 0 0 rg BT 141.95 309.40 Td (or ) Tj ET Q q 0 0 0 rg BT 154.21 309.40 Td (finance. ) Tj ET Q q 0 0 0 rg BT 195.22 309.40 Td (Classification ) Tj ET Q q 0 0 0 rg BT 262.50 309.40 Td (will ) Tj ET Q q 0 0 0 rg BT 280.26 309.40 Td (be ) Tj ET Q q 0 0 0 rg BT 294.98 309.40 Td (based ) Tj ET Q q 0 0 0 rg BT 327.43 309.40 Td (on ) Tj ET Q q 0 0 0 rg BT 342.14 309.40 Td (criteria ) Tj ET Q q 0 0 0 rg BT 377.63 309.40 Td (that ) Tj ET Q q 0 0 0 rg BT 398.46 309.40 Td (are ) Tj ET Q q 0 0 0 rg BT 416.84 309.40 Td (largely ) Tj ET Q q 0 0 0 rg BT 451.73 309.40 Td (similar ) Tj ET Q q 0 0 0 rg BT 485.98 309.40 Td (to ) Tj ET Q q 0 0 0 rg BT 497.64 309.40 Td (those ) Tj ET Q q 0 0 0 rg BT 527.03 309.40 Td (applied ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 296.20 Td (in ) Tj ET Q q 0 0 0 rg BT 62.33 296.20 Td (current ) Tj ET Q q 0 0 0 rg BT 100.84 296.20 Td (lease ) Tj ET Q q 0 0 0 rg BT 131.41 296.20 Td (accounting, ) Tj ET Q q 0 0 0 rg BT 191.95 296.20 Td (but ) Tj ET Q q 0 0 0 rg BT 211.51 296.20 Td (without ) Tj ET Q q 0 0 0 rg BT 250.64 296.20 Td (explicit ) Tj ET Q q 0 0 0 rg BT 288.53 296.20 Td (thresholds. ) Tj ET Q q 0 0 0 rg BT 346.61 296.20 Td ( ) Tj ET Q q 0 0 0 rg BT 350.61 296.20 Td (The ) Tj ET Q q 0 0 0 rg BT 372.98 296.20 Td (ASU ) Tj ET Q q 0 0 0 rg BT 399.87 296.20 Td (will ) Tj ET Q q 0 0 0 rg BT 419.42 296.20 Td (require ) Tj ET Q q 0 0 0 rg BT 457.94 296.20 Td (both ) Tj ET Q q 0 0 0 rg BT 483.62 296.20 Td (quantitative ) Tj ET Q q 0 0 0 rg BT 544.15 296.20 Td (and ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 283.00 Td (qualitative ) Tj ET Q q 0 0 0 rg BT 102.09 283.00 Td (disclosures ) Tj ET Q q 0 0 0 rg BT 160.17 283.00 Td (regarding ) Tj ET Q q 0 0 0 rg BT 209.70 283.00 Td (key ) Tj ET Q q 0 0 0 rg BT 229.87 283.00 Td (information ) Tj ET Q q 0 0 0 rg BT 287.34 283.00 Td (about ) Tj ET Q q 0 0 0 rg BT 317.93 283.00 Td (leasing ) Tj ET Q q 0 0 0 rg BT 355.84 283.00 Td (arrangements.) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 257.80 Td (The ) Tj ET Q q 0 0 0 rg BT 72.33 257.80 Td (standard ) Tj ET Q q 0 0 0 rg BT 119.01 257.80 Td (is ) Tj ET Q q 0 0 0 rg BT 130.83 257.80 Td (ef) Tj ET Q q 0 0 0 rg BT 139.80 257.80 Td (fective ) Tj ET Q q 0 0 0 rg BT 175.47 257.80 Td (for ) Tj ET Q q 0 0 0 rg BT 192.18 257.80 Td (the ) Tj ET Q q 0 0 0 rg BT 211.35 257.80 Td (Company ) Tj ET Q q 0 0 0 rg BT 262.30 257.80 Td (for ) Tj ET Q q 0 0 0 rg BT 279.01 257.80 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 307.94 257.80 Td (years, ) Tj ET Q q 0 0 0 rg BT 341.77 257.80 Td (and ) Tj ET Q q 0 0 0 rg BT 364.00 257.80 Td (interim ) Tj ET Q q 0 0 0 rg BT 400.88 257.80 Td (periods ) Tj ET Q q 0 0 0 rg BT 440.83 257.80 Td (within ) Tj ET Q q 0 0 0 rg BT 472.83 257.80 Td (those ) Tj ET Q q 0 0 0 rg BT 503.61 257.80 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 532.55 257.80 Td (years, ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 244.60 Td (beginning ) Tj ET Q q 0 0 0 rg BT 99.99 244.60 Td (after ) Tj ET Q q 0 0 0 rg BT 124.78 244.60 Td (December ) Tj ET Q q 0 0 0 rg BT 178.30 244.60 Td (15, ) Tj ET Q q 0 0 0 rg BT 196.38 244.60 Td (2018. ) Tj ET Q q 0 0 0 rg BT 226.68 244.60 Td (Early ) Tj ET Q q 0 0 0 rg BT 254.52 244.60 Td (adoption ) Tj ET Q q 0 0 0 rg BT 299.51 244.60 Td (is ) Tj ET Q q 0 0 0 rg BT 310.23 244.60 Td (permitted. ) Tj ET Q q 0 0 0 rg BT 361.74 244.60 Td (The ) Tj ET Q q 0 0 0 rg BT 383.48 244.60 Td (new ) Tj ET Q q 0 0 0 rg BT 406.44 244.60 Td (standard ) Tj ET Q q 0 0 0 rg BT 452.03 244.60 Td (must ) Tj ET Q q 0 0 0 rg BT 478.64 244.60 Td (be ) Tj ET Q q 0 0 0 rg BT 493.66 244.60 Td (adopted ) Tj ET Q q 0 0 0 rg BT 536.20 244.60 Td (using ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 231.40 Td (a ) Tj ET Q q 0 0 0 rg BT 58.67 231.40 Td (modified ) Tj ET Q q 0 0 0 rg BT 103.31 231.40 Td (retrospective ) Tj ET Q q 0 0 0 rg BT 169.33 231.40 Td (transition, ) Tj ET Q q 0 0 0 rg BT 220.08 231.40 Td (and ) Tj ET Q q 0 0 0 rg BT 241.49 231.40 Td (provides ) Tj ET Q q 0 0 0 rg BT 286.12 231.40 Td (for ) Tj ET Q q 0 0 0 rg BT 302.02 231.40 Td (certain ) Tj ET Q q 0 0 0 rg BT 338.09 231.40 Td (practical ) Tj ET Q q 0 0 0 rg BT 382.10 231.40 Td (expedients. ) Tj ET Q q 0 0 0 rg BT 441.22 231.40 Td (T) Tj ET Q q 0 0 0 rg BT 447.54 231.40 Td (ransition ) Tj ET Q q 0 0 0 rg BT 492.17 231.40 Td (will ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 218.20 Td (require ) Tj ET Q q 0 0 0 rg BT 88.19 218.20 Td (application ) Tj ET Q q 0 0 0 rg BT 145.23 218.20 Td (of ) Tj ET Q q 0 0 0 rg BT 158.86 218.20 Td (the ) Tj ET Q q 0 0 0 rg BT 178.60 218.20 Td (new ) Tj ET Q q 0 0 0 rg BT 203.23 218.20 Td (guidance ) Tj ET Q q 0 0 0 rg BT 252.33 218.20 Td (at ) Tj ET Q q 0 0 0 rg BT 265.95 218.20 Td (the ) Tj ET Q q 0 0 0 rg BT 285.69 218.20 Td (beginning ) Tj ET Q q 0 0 0 rg BT 337.85 218.20 Td (of ) Tj ET Q q 0 0 0 rg BT 351.48 218.20 Td (the ) Tj ET Q q 0 0 0 rg BT 371.22 218.20 Td (earliest ) Tj ET Q q 0 0 0 rg BT 411.13 218.20 Td (comparative ) Tj ET Q q 0 0 0 rg BT 475.49 218.20 Td (period ) Tj ET Q q 0 0 0 rg BT 510.52 218.20 Td (presented. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 205.00 Td (Management ) Tj ET Q q 0 0 0 rg BT 116.76 205.00 Td (is ) Tj ET Q q 0 0 0 rg BT 127.76 205.00 Td (currently ) Tj ET Q q 0 0 0 rg BT 173.00 205.00 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 226.20 205.00 Td (the ) Tj ET Q q 0 0 0 rg BT 244.55 205.00 Td (ef) Tj ET Q q 0 0 0 rg BT 253.53 205.00 Td (fect ) Tj ET Q q 0 0 0 rg BT 274.31 205.00 Td (of ) Tj ET Q q 0 0 0 rg BT 286.54 205.00 Td (this ) Tj ET Q q 0 0 0 rg BT 306.11 205.00 Td (ASU ) Tj ET Q q 0 0 0 rg BT 331.78 205.00 Td (on ) Tj ET Q q 0 0 0 rg BT 347.07 205.00 Td (its ) Tj ET Q q 0 0 0 rg BT 361.13 205.00 Td (financial ) Tj ET Q q 0 0 0 rg BT 404.55 205.00 Td (statements ) Tj ET Q q 0 0 0 rg BT 461.40 205.00 Td (and ) Tj ET Q q 0 0 0 rg BT 482.81 205.00 Td (disclosures.) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 49.50 166.60 Td (NOTE ) Tj ET Q q 0 0 0 rg BT 83.11 166.60 Td (2 ) Tj ET Q q 0 0 0 rg BT 92.29 166.60 Td (- ) Tj ET Q q 0 0 0 rg BT 99.01 166.60 Td (FIXED ) Tj ET Q q 0 0 0 rg BT 134.05 166.60 Td (ASSETS) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 49.50 141.40 Td (Refined ) Tj ET Q q 0 0 0 rg BT 92.89 141.40 Td (Coal ) Tj ET Q q 0 0 0 rg BT 119.79 141.40 Td (Facilities ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 116.20 Td (Refined ) Tj ET Q q 0 0 0 rg BT 91.43 116.20 Td (coal ) Tj ET Q q 0 0 0 rg BT 115.63 116.20 Td (production ) Tj ET Q q 0 0 0 rg BT 171.01 116.20 Td (facilities ) Tj ET Q q 0 0 0 rg BT 214.15 116.20 Td (and ) Tj ET Q q 0 0 0 rg BT 236.52 116.20 Td (their ) Tj ET Q q 0 0 0 rg BT 261.94 116.20 Td (related ) Tj ET Q q 0 0 0 rg BT 299.59 116.20 Td (components ) Tj ET Q q 0 0 0 rg BT 363.53 116.20 Td (represent ) Tj ET Q q 0 0 0 rg BT 414.02 116.20 Td (the ) Tj ET Q q 0 0 0 rg BT 433.33 116.20 Td (28 ) Tj ET Q q 0 0 0 rg BT 449.58 116.20 Td (RC ) Tj ET Q q 0 0 0 rg BT 469.49 116.20 Td (Facilities ) Tj ET Q q 0 0 0 rg BT 516.29 116.20 Td (that ) Tj ET Q q 0 0 0 rg BT 538.65 116.20 Td (were ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 103.00 Td (placed ) Tj ET Q q 0 0 0 rg BT 86.61 103.00 Td (in ) Tj ET Q q 0 0 0 rg BT 99.87 103.00 Td (service ) Tj ET Q q 0 0 0 rg BT 139.41 103.00 Td (by ) Tj ET Q q 0 0 0 rg BT 155.73 103.00 Td (the ) Tj ET Q q 0 0 0 rg BT 175.71 103.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 227.49 103.00 Td (in ) Tj ET Q q 0 0 0 rg BT 240.75 103.00 Td (2009 ) Tj ET Q q 0 0 0 rg BT 269.92 103.00 Td (and ) Tj ET Q q 0 0 0 rg BT 292.97 103.00 Td (201) Tj ET Q q 0 0 0 rg BT 310.50 103.00 Td (1, ) Tj ET Q q 0 0 0 rg BT 324.37 103.00 Td (and ) Tj ET Q q 0 0 0 rg BT 347.42 103.00 Td (have ) Tj ET Q q 0 0 0 rg BT 375.97 103.00 Td (demonstrated ) Tj ET Q q 0 0 0 rg BT 447.93 103.00 Td (the ) Tj ET Q q 0 0 0 rg BT 467.92 103.00 Td (qualified ) Tj ET Q q 0 0 0 rg BT 513.60 103.00 Td (emissions ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 89.80 Td (reductions ) Tj ET Q q 0 0 0 rg BT 103.50 89.80 Td (to ) Tj ET Q q 0 0 0 rg BT 115.93 89.80 Td (qualify ) Tj ET Q q 0 0 0 rg BT 150.98 89.80 Td (for ) Tj ET Q q 0 0 0 rg BT 167.06 89.80 Td (PTCs. ) Tj ET Q q 0 0 0 rg BT 200.87 89.80 Td ( ) Tj ET Q q 0 0 0 rg BT 204.12 89.80 Td (RC ) Tj ET Q q 0 0 0 rg BT 223.26 89.80 Td (Facilities ) Tj ET Q q 0 0 0 rg BT 269.30 89.80 Td (are ) Tj ET Q q 0 0 0 rg BT 288.45 89.80 Td (stated ) Tj ET Q q 0 0 0 rg BT 321.67 89.80 Td (at ) Tj ET Q q 0 0 0 rg BT 334.09 89.80 Td (historical ) Tj ET Q q 0 0 0 rg BT 380.75 89.80 Td (cost. ) Tj ET Q q 0 0 0 rg BT 407.23 89.80 Td (Depreciation ) Tj ET Q q 0 0 0 rg BT 472.24 89.80 Td (is ) Tj ET Q q 0 0 0 rg BT 483.43 89.80 Td (calculated ) Tj ET Q q 0 0 0 rg BT 536.22 89.80 Td (using ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 76.60 Td (the ) Tj ET Q q 0 0 0 rg BT 67.85 76.60 Td (straight-line ) Tj ET Q q 0 0 0 rg BT 127.76 76.60 Td (method ) Tj ET Q q 0 0 0 rg BT 167.51 76.60 Td (over ) Tj ET Q q 0 0 0 rg BT 191.96 76.60 Td (a ) Tj ET Q q 0 0 0 rg BT 201.14 76.60 Td (20 ) Tj ET Q q 0 0 0 rg BT 216.43 76.60 Td (year ) Tj ET Q q 0 0 0 rg BT 240.88 76.60 Td (period. ) Tj ET Q endstream endobj 313 0 obj <> endobj 314 0 obj <> stream BT /F5 11.00 Tf ET q 0 0 0 rg BT 168.80 771.50 Td (CLEAN COAL) Tj ET Q q 0 0 0 rg BT 240.71 771.50 Td ( SOLUTIONS, LLC ) Tj ET Q q 0 0 0 rg BT 338.08 771.50 Td (AND SUBSIDIARIES) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 163.80 758.30 Td (NOTES T) Tj ET Q q 0 0 0 rg BT 211.27 758.30 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 288.07 758.30 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 372.19 758.30 Td ( ST) Tj ET Q q 0 0 0 rg BT 388.49 758.30 Td (A) Tj ET Q q 0 0 0 rg BT 395.62 758.30 Td (TEMENTS) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 209.25 745.10 Td (DECEMBER 31, 2015, 2014 ) Tj ET Q q 0 0 0 rg BT 351.30 745.10 Td (AND 2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 33.60 Td (153) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 703.00 Td (Under ) Tj ET Q q 0 0 0 rg BT 82.72 703.00 Td (the ) Tj ET Q q 0 0 0 rg BT 101.27 703.00 Td (site ) Tj ET Q q 0 0 0 rg BT 121.65 703.00 Td (license ) Tj ET Q q 0 0 0 rg BT 159.15 703.00 Td (agreements ) Tj ET Q q 0 0 0 rg BT 220.49 703.00 Td (between ) Tj ET Q q 0 0 0 rg BT 265.34 703.00 Td (Clean ) Tj ET Q q 0 0 0 rg BT 297.34 703.00 Td (Coal ) Tj ET Q q 0 0 0 rg BT 323.22 703.00 Td (and ) Tj ET Q q 0 0 0 rg BT 344.84 703.00 Td (the ) Tj ET Q q 0 0 0 rg BT 363.39 703.00 Td (Generators, ) Tj ET Q q 0 0 0 rg BT 424.73 703.00 Td (Clean ) Tj ET Q q 0 0 0 rg BT 456.73 703.00 Td (Coal ) Tj ET Q q 0 0 0 rg BT 482.61 703.00 Td (may ) Tj ET Q q 0 0 0 rg BT 506.65 703.00 Td (be ) Tj ET Q q 0 0 0 rg BT 522.15 703.00 Td (required ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 689.80 Td (to ) Tj ET Q q 0 0 0 rg BT 61.22 689.80 Td (return ) Tj ET Q q 0 0 0 rg BT 92.50 689.80 Td (the ) Tj ET Q q 0 0 0 rg BT 110.33 689.80 Td (site ) Tj ET Q q 0 0 0 rg BT 129.99 689.80 Td (upon ) Tj ET Q q 0 0 0 rg BT 157.00 689.80 Td (which ) Tj ET Q q 0 0 0 rg BT 187.67 689.80 Td (the ) Tj ET Q q 0 0 0 rg BT 205.50 689.80 Td (RC ) Tj ET Q q 0 0 0 rg BT 223.94 689.80 Td (Facility ) Tj ET Q q 0 0 0 rg BT 260.70 689.80 Td (\(Site\) ) Tj ET Q q 0 0 0 rg BT 296.85 689.80 Td (is ) Tj ET Q q 0 0 0 rg BT 307.34 689.80 Td (located ) Tj ET Q q 0 0 0 rg BT 345.35 689.80 Td (at ) Tj ET Q q 0 0 0 rg BT 357.07 689.80 Td (a ) Tj ET Q q 0 0 0 rg BT 365.73 689.80 Td (generation ) Tj ET Q q 0 0 0 rg BT 420.26 689.80 Td (station ) Tj ET Q q 0 0 0 rg BT 455.21 689.80 Td (to ) Tj ET Q q 0 0 0 rg BT 466.93 689.80 Td (its ) Tj ET Q q 0 0 0 rg BT 480.47 689.80 Td (original ) Tj ET Q q 0 0 0 rg BT 518.48 689.80 Td (condition ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 676.60 Td (at ) Tj ET Q q 0 0 0 rg BT 64.21 676.60 Td (the ) Tj ET Q q 0 0 0 rg BT 85.04 676.60 Td (end ) Tj ET Q q 0 0 0 rg BT 108.93 676.60 Td (of ) Tj ET Q q 0 0 0 rg BT 123.64 676.60 Td (the ) Tj ET Q q 0 0 0 rg BT 144.47 676.60 Td (applicable ) Tj ET Q q 0 0 0 rg BT 199.55 676.60 Td (PTC ) Tj ET Q q 0 0 0 rg BT 227.09 676.60 Td (period. ) Tj ET Q q 0 0 0 rg BT 266.26 676.60 Td ( ) Tj ET Q q 0 0 0 rg BT 271.80 676.60 Td (In ) Tj ET Q q 0 0 0 rg BT 286.51 676.60 Td (instances ) Tj ET Q q 0 0 0 rg BT 338.52 676.60 Td (where ) Tj ET Q q 0 0 0 rg BT 374.02 676.60 Td (the ) Tj ET Q q 0 0 0 rg BT 394.85 676.60 Td (applicable ) Tj ET Q q 0 0 0 rg BT 449.92 676.60 Td (agreements ) Tj ET Q q 0 0 0 rg BT 513.55 676.60 Td (place ) Tj ET Q q 0 0 0 rg BT 545.38 676.60 Td (this ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 663.40 Td (responsibility ) Tj ET Q q 0 0 0 rg BT 116.39 663.40 Td (on ) Tj ET Q q 0 0 0 rg BT 131.93 663.40 Td (the ) Tj ET Q q 0 0 0 rg BT 150.53 663.40 Td (Company) Tj ET Q q 0 0 0 rg BT 196.80 663.40 Td (, ) Tj ET Q q 0 0 0 rg BT 203.16 663.40 Td (the ) Tj ET Q q 0 0 0 rg BT 221.76 663.40 Td (Company ) Tj ET Q q 0 0 0 rg BT 272.15 663.40 Td (has ) Tj ET Q q 0 0 0 rg BT 293.19 663.40 Td (recorded ) Tj ET Q q 0 0 0 rg BT 339.91 663.40 Td (a ) Tj ET Q q 0 0 0 rg BT 349.34 663.40 Td (liability ) Tj ET Q q 0 0 0 rg BT 385.66 663.40 Td (for ) Tj ET Q q 0 0 0 rg BT 401.80 663.40 Td (an ) Tj ET Q q 0 0 0 rg BT 416.69 663.40 Td (ARO ) Tj ET Q q 0 0 0 rg BT 443.83 663.40 Td (equal ) Tj ET Q q 0 0 0 rg BT 474.06 663.40 Td (to ) Tj ET Q q 0 0 0 rg BT 486.54 663.40 Td (the ) Tj ET Q q 0 0 0 rg BT 505.14 663.40 Td (fair ) Tj ET Q q 0 0 0 rg BT 523.73 663.40 Td (value ) Tj ET Q q 0 0 0 rg BT 553.33 663.40 Td (of ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 650.20 Td (the ) Tj ET Q q 0 0 0 rg BT 68.27 650.20 Td (estimated ) Tj ET Q q 0 0 0 rg BT 119.45 650.20 Td (cost ) Tj ET Q q 0 0 0 rg BT 143.10 650.20 Td (to ) Tj ET Q q 0 0 0 rg BT 155.76 650.20 Td (retire ) Tj ET Q q 0 0 0 rg BT 184.31 650.20 Td (the ) Tj ET Q q 0 0 0 rg BT 203.08 650.20 Td (RC ) Tj ET Q q 0 0 0 rg BT 222.45 650.20 Td (Facility ) Tj ET Q q 0 0 0 rg BT 260.16 650.20 Td (and ) Tj ET Q q 0 0 0 rg BT 281.99 650.20 Td (return ) Tj ET Q q 0 0 0 rg BT 314.21 650.20 Td (each ) Tj ET Q q 0 0 0 rg BT 341.55 650.20 Td (Site ) Tj ET Q q 0 0 0 rg BT 363.99 650.20 Td (to ) Tj ET Q q 0 0 0 rg BT 376.64 650.20 Td (its ) Tj ET Q q 0 0 0 rg BT 391.13 650.20 Td (original ) Tj ET Q q 0 0 0 rg BT 430.07 650.20 Td (condition. ) Tj ET Q q 0 0 0 rg BT 480.42 650.20 Td (The ) Tj ET Q q 0 0 0 rg BT 502.16 650.20 Td (ARO ) Tj ET Q q 0 0 0 rg BT 529.48 650.20 Td (liability ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 637.00 Td (was ) Tj ET Q q 0 0 0 rg BT 72.60 637.00 Td (estimated ) Tj ET Q q 0 0 0 rg BT 123.83 637.00 Td (by ) Tj ET Q q 0 0 0 rg BT 138.98 637.00 Td (the ) Tj ET Q q 0 0 0 rg BT 157.81 637.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 208.43 637.00 Td (using ) Tj ET Q q 0 0 0 rg BT 238.26 637.00 Td (estimated ) Tj ET Q q 0 0 0 rg BT 289.49 637.00 Td (and ) Tj ET Q q 0 0 0 rg BT 311.38 637.00 Td (historic ) Tj ET Q q 0 0 0 rg BT 349.76 637.00 Td (facility ) Tj ET Q q 0 0 0 rg BT 383.86 637.00 Td (removal ) Tj ET Q q 0 0 0 rg BT 426.52 637.00 Td (costs ) Tj ET Q q 0 0 0 rg BT 455.74 637.00 Td (and ) Tj ET Q q 0 0 0 rg BT 477.63 637.00 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 534.37 637.00 Td (future ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 623.80 Td (inflation ) Tj ET Q q 0 0 0 rg BT 90.21 623.80 Td (rates. ) Tj ET Q q 0 0 0 rg BT 120.34 623.80 Td (This ) Tj ET Q q 0 0 0 rg BT 143.92 623.80 Td (estimated ) Tj ET Q q 0 0 0 rg BT 194.41 623.80 Td (future ) Tj ET Q q 0 0 0 rg BT 225.33 623.80 Td (value ) Tj ET Q q 0 0 0 rg BT 254.43 623.80 Td (was ) Tj ET Q q 0 0 0 rg BT 276.79 623.80 Td (discounted ) Tj ET Q q 0 0 0 rg BT 332.79 623.80 Td (to ) Tj ET Q q 0 0 0 rg BT 344.76 623.80 Td (its ) Tj ET Q q 0 0 0 rg BT 358.56 623.80 Td (present ) Tj ET Q q 0 0 0 rg BT 398.05 623.80 Td (value ) Tj ET Q q 0 0 0 rg BT 427.14 623.80 Td (using ) Tj ET Q q 0 0 0 rg BT 456.24 623.80 Td (the ) Tj ET Q q 0 0 0 rg BT 474.33 623.80 Td (Company) Tj ET Q q 0 0 0 rg BT 523.65 623.80 Td (s ) Tj ET Q q 0 0 0 rg BT 531.95 623.80 Td (credit-) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 610.60 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 94.37 610.60 Td (risk-free ) Tj ET Q q 0 0 0 rg BT 137.37 610.60 Td (rate. ) Tj ET Q q 0 0 0 rg BT 162.44 610.60 Td (The ) Tj ET Q q 0 0 0 rg BT 184.67 610.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 235.03 610.60 Td (increased ) Tj ET Q q 0 0 0 rg BT 286.00 610.60 Td (the ) Tj ET Q q 0 0 0 rg BT 304.57 610.60 Td (carrying ) Tj ET Q q 0 0 0 rg BT 346.97 610.60 Td (amount ) Tj ET Q q 0 0 0 rg BT 386.93 610.60 Td (of ) Tj ET Q q 0 0 0 rg BT 399.39 610.60 Td (the ) Tj ET Q q 0 0 0 rg BT 417.95 610.60 Td (RC ) Tj ET Q q 0 0 0 rg BT 437.12 610.60 Td (Facilities ) Tj ET Q q 0 0 0 rg BT 483.18 610.60 Td (asset ) Tj ET Q q 0 0 0 rg BT 512.75 610.60 Td (group ) Tj ET Q q 0 0 0 rg BT 544.16 610.60 Td (and ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 597.40 Td (recorded ) Tj ET Q q 0 0 0 rg BT 94.88 597.40 Td (the ) Tj ET Q q 0 0 0 rg BT 112.13 597.40 Td (liability ) Tj ET Q q 0 0 0 rg BT 147.10 597.40 Td (in ) Tj ET Q q 0 0 0 rg BT 157.63 597.40 Td (the ) Tj ET Q q 0 0 0 rg BT 174.88 597.40 Td (fourth ) Tj ET Q q 0 0 0 rg BT 204.97 597.40 Td (quarter ) Tj ET Q q 0 0 0 rg BT 241.79 597.40 Td (of ) Tj ET Q q 0 0 0 rg BT 252.92 597.40 Td (2013. ) Tj ET Q q 0 0 0 rg BT 282.41 597.40 Td ( ) Tj ET Q q 0 0 0 rg BT 284.25 597.40 Td (The ) Tj ET Q q 0 0 0 rg BT 305.17 597.40 Td (carrying ) Tj ET Q q 0 0 0 rg BT 346.25 597.40 Td (value ) Tj ET Q q 0 0 0 rg BT 374.51 597.40 Td (of ) Tj ET Q q 0 0 0 rg BT 385.65 597.40 Td (the ) Tj ET Q q 0 0 0 rg BT 402.90 597.40 Td (asset ) Tj ET Q q 0 0 0 rg BT 431.15 597.40 Td (is ) Tj ET Q q 0 0 0 rg BT 441.06 597.40 Td (depreciated ) Tj ET Q q 0 0 0 rg BT 500.51 597.40 Td (on ) Tj ET Q q 0 0 0 rg BT 514.71 597.40 Td (a ) Tj ET Q q 0 0 0 rg BT 522.79 597.40 Td (straight-) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 584.20 Td (line ) Tj ET Q q 0 0 0 rg BT 70.10 584.20 Td (basis ) Tj ET Q q 0 0 0 rg BT 99.26 584.20 Td (over ) Tj ET Q q 0 0 0 rg BT 124.14 584.20 Td (the ) Tj ET Q q 0 0 0 rg BT 142.91 584.20 Td (remaining ) Tj ET Q q 0 0 0 rg BT 194.69 584.20 Td (estimated ) Tj ET Q q 0 0 0 rg BT 245.86 584.20 Td (life ) Tj ET Q q 0 0 0 rg BT 263.40 584.20 Td (of ) Tj ET Q q 0 0 0 rg BT 276.05 584.20 Td (the ) Tj ET Q q 0 0 0 rg BT 294.82 584.20 Td (RC ) Tj ET Q q 0 0 0 rg BT 314.18 584.20 Td (Facility ) Tj ET Q q 0 0 0 rg BT 351.89 584.20 Td (asset ) Tj ET Q q 0 0 0 rg BT 381.66 584.20 Td (group. ) Tj ET Q q 0 0 0 rg BT 416.33 584.20 Td ( ) Tj ET Q q 0 0 0 rg BT 419.58 584.20 Td (The ) Tj ET Q q 0 0 0 rg BT 442.01 584.20 Td (liability ) Tj ET Q q 0 0 0 rg BT 478.50 584.20 Td (is ) Tj ET Q q 0 0 0 rg BT 489.92 584.20 Td (increased ) Tj ET Q q 0 0 0 rg BT 541.10 584.20 Td (over ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 571.00 Td (time ) Tj ET Q q 0 0 0 rg BT 73.21 571.00 Td (to ) Tj ET Q q 0 0 0 rg BT 85.31 571.00 Td (reflect ) Tj ET Q q 0 0 0 rg BT 118.19 571.00 Td (the ) Tj ET Q q 0 0 0 rg BT 136.41 571.00 Td (change ) Tj ET Q q 0 0 0 rg BT 175.42 571.00 Td (in ) Tj ET Q q 0 0 0 rg BT 186.91 571.00 Td (its ) Tj ET Q q 0 0 0 rg BT 200.83 571.00 Td (present ) Tj ET Q q 0 0 0 rg BT 240.45 571.00 Td (value, ) Tj ET Q q 0 0 0 rg BT 272.73 571.00 Td (and ) Tj ET Q q 0 0 0 rg BT 294.01 571.00 Td (the ) Tj ET Q q 0 0 0 rg BT 312.23 571.00 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 367.13 571.00 Td (cost ) Tj ET Q q 0 0 0 rg BT 390.23 571.00 Td (is ) Tj ET Q q 0 0 0 rg BT 401.10 571.00 Td (depreciated ) Tj ET Q q 0 0 0 rg BT 461.51 571.00 Td (over ) Tj ET Q q 0 0 0 rg BT 485.84 571.00 Td (the ) Tj ET Q q 0 0 0 rg BT 504.06 571.00 Td (useful ) Tj ET Q q 0 0 0 rg BT 536.33 571.00 Td (life ) Tj ET Q q 0 0 0 rg BT 553.32 571.00 Td (of ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 557.80 Td (the ) Tj ET Q q 0 0 0 rg BT 68.04 557.80 Td (site ) Tj ET Q q 0 0 0 rg BT 88.41 557.80 Td (license. ) Tj ET Q q 0 0 0 rg BT 128.95 557.80 Td (In ) Tj ET Q q 0 0 0 rg BT 141.37 557.80 Td (subsequent ) Tj ET Q q 0 0 0 rg BT 201.50 557.80 Td (periods, ) Tj ET Q q 0 0 0 rg BT 243.88 557.80 Td (the ) Tj ET Q q 0 0 0 rg BT 262.42 557.80 Td (Company ) Tj ET Q q 0 0 0 rg BT 312.75 557.80 Td (is ) Tj ET Q q 0 0 0 rg BT 323.94 557.80 Td (required ) Tj ET Q q 0 0 0 rg BT 367.55 557.80 Td (to ) Tj ET Q q 0 0 0 rg BT 379.97 557.80 Td (make ) Tj ET Q q 0 0 0 rg BT 410.12 557.80 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 472.68 557.80 Td (to ) Tj ET Q q 0 0 0 rg BT 484.45 557.80 Td (AROs ) Tj ET Q q 0 0 0 rg BT 517.04 557.80 Td (based ) Tj ET Q q 0 0 0 rg BT 550.26 557.80 Td (on ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 544.60 Td (changes ) Tj ET Q q 0 0 0 rg BT 94.23 544.60 Td (in ) Tj ET Q q 0 0 0 rg BT 105.92 544.60 Td (the ) Tj ET Q q 0 0 0 rg BT 124.35 544.60 Td (estimated ) Tj ET Q q 0 0 0 rg BT 175.18 544.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 193.60 544.60 Td (values ) Tj ET Q q 0 0 0 rg BT 228.53 544.60 Td (of ) Tj ET Q q 0 0 0 rg BT 240.84 544.60 Td (the ) Tj ET Q q 0 0 0 rg BT 259.27 544.60 Td (obligations. ) Tj ET Q q 0 0 0 rg BT 318.05 544.60 Td (Corresponding ) Tj ET Q q 0 0 0 rg BT 393.35 544.60 Td (increases ) Tj ET Q q 0 0 0 rg BT 443.56 544.60 Td (in ) Tj ET Q q 0 0 0 rg BT 455.26 544.60 Td (asset ) Tj ET Q q 0 0 0 rg BT 484.69 544.60 Td (book ) Tj ET Q q 0 0 0 rg BT 511.68 544.60 Td (values ) Tj ET Q q 0 0 0 rg BT 546.61 544.60 Td (are ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 531.40 Td (depreciated ) Tj ET Q q 0 0 0 rg BT 111.12 531.40 Td (over ) Tj ET Q q 0 0 0 rg BT 136.64 531.40 Td (the ) Tj ET Q q 0 0 0 rg BT 156.06 531.40 Td (remaining ) Tj ET Q q 0 0 0 rg BT 208.49 531.40 Td (useful ) Tj ET Q q 0 0 0 rg BT 241.98 531.40 Td (life ) Tj ET Q q 0 0 0 rg BT 260.17 531.40 Td (of ) Tj ET Q q 0 0 0 rg BT 273.47 531.40 Td (the ) Tj ET Q q 0 0 0 rg BT 292.89 531.40 Td (related ) Tj ET Q q 0 0 0 rg BT 330.65 531.40 Td (site ) Tj ET Q q 0 0 0 rg BT 351.90 531.40 Td (license. ) Tj ET Q q 0 0 0 rg BT 393.33 531.40 Td (Uncertainties ) Tj ET Q q 0 0 0 rg BT 461.65 531.40 Td (as ) Tj ET Q q 0 0 0 rg BT 477.40 531.40 Td (to ) Tj ET Q q 0 0 0 rg BT 490.70 531.40 Td (the ) Tj ET Q q 0 0 0 rg BT 510.12 531.40 Td (probability) Tj ET Q q 0 0 0 rg BT 559.44 531.40 Td (, ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 518.20 Td (timing, ) Tj ET Q q 0 0 0 rg BT 84.33 518.20 Td (or ) Tj ET Q q 0 0 0 rg BT 96.53 518.20 Td (amount ) Tj ET Q q 0 0 0 rg BT 135.65 518.20 Td (of ) Tj ET Q q 0 0 0 rg BT 147.25 518.20 Td (cash ) Tj ET Q q 0 0 0 rg BT 172.92 518.20 Td (flows ) Tj ET Q q 0 0 0 rg BT 200.41 518.20 Td (associated ) Tj ET Q q 0 0 0 rg BT 255.42 518.20 Td (with ) Tj ET Q q 0 0 0 rg BT 276.93 518.20 Td (AROs ) Tj ET Q q 0 0 0 rg BT 308.69 518.20 Td (may ) Tj ET Q q 0 0 0 rg BT 331.90 518.20 Td (af) Tj ET Q q 0 0 0 rg BT 340.88 518.20 Td (fect ) Tj ET Q q 0 0 0 rg BT 361.04 518.20 Td (management) Tj ET Q q 0 0 0 rg BT 427.49 518.20 Td (s ) Tj ET Q q 0 0 0 rg BT 435.41 518.20 Td (estimates ) Tj ET Q q 0 0 0 rg BT 484.91 518.20 Td (of ) Tj ET Q q 0 0 0 rg BT 496.52 518.20 Td (fair ) Tj ET Q q 0 0 0 rg BT 514.22 518.20 Td (value. ) Tj ET Q q 0 0 0 rg BT 546.01 518.20 Td (For ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 505.00 Td (the ) Tj ET Q q 0 0 0 rg BT 69.50 505.00 Td (year ) Tj ET Q q 0 0 0 rg BT 95.61 505.00 Td (ended ) Tj ET Q q 0 0 0 rg BT 130.90 505.00 Td (December ) Tj ET Q q 0 0 0 rg BT 186.35 505.00 Td (31, ) Tj ET Q q 0 0 0 rg BT 206.35 505.00 Td (2015, ) Tj ET Q q 0 0 0 rg BT 238.59 505.00 Td (2014, ) Tj ET Q q 0 0 0 rg BT 270.82 505.00 Td (and ) Tj ET Q q 0 0 0 rg BT 293.89 505.00 Td (2013, ) Tj ET Q q 0 0 0 rg BT 326.12 505.00 Td (the ) Tj ET Q q 0 0 0 rg BT 346.12 505.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 397.91 505.00 Td (recorded ) Tj ET Q q 0 0 0 rg BT 446.03 505.00 Td ($94,258, ) Tj ET Q q 0 0 0 rg BT 493.56 505.00 Td ($150,660 ) Tj ET Q q 0 0 0 rg BT 544.15 505.00 Td (and ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 491.80 Td ($146,693 ) Tj ET Q q 0 0 0 rg BT 98.44 491.80 Td (of ) Tj ET Q q 0 0 0 rg BT 110.67 491.80 Td (accretion ) Tj ET Q q 0 0 0 rg BT 158.36 491.80 Td (expense, ) Tj ET Q q 0 0 0 rg BT 206.06 491.80 Td (respectively) Tj ET Q q 0 0 0 rg BT 263.32 491.80 Td (. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 466.60 Td (The ) Tj ET Q q 0 0 0 rg BT 71.90 466.60 Td (following ) Tj ET Q q 0 0 0 rg BT 118.14 466.60 Td (table ) Tj ET Q q 0 0 0 rg BT 145.44 466.60 Td (describes ) Tj ET Q q 0 0 0 rg BT 195.96 466.60 Td (changes ) Tj ET Q q 0 0 0 rg BT 240.99 466.60 Td (to ) Tj ET Q q 0 0 0 rg BT 253.61 466.60 Td (the ) Tj ET Q q 0 0 0 rg BT 272.34 466.60 Td (Company) Tj ET Q q 0 0 0 rg BT 321.66 466.60 Td (s ) Tj ET Q q 0 0 0 rg BT 329.92 466.60 Td (ARO ) Tj ET Q q 0 0 0 rg BT 357.20 466.60 Td (liability ) Tj ET Q q 0 0 0 rg BT 393.66 466.60 Td (for ) Tj ET Q q 0 0 0 rg BT 409.94 466.60 Td (the ) Tj ET Q q 0 0 0 rg BT 428.67 466.60 Td (years ) Tj ET Q q 0 0 0 rg BT 459.01 466.60 Td (ended ) Tj ET Q q 0 0 0 rg BT 493.04 466.60 Td (December ) Tj ET Q q 0 0 0 rg BT 547.23 466.60 Td (31, ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 453.40 Td (2015 ) Tj ET Q q 0 0 0 rg BT 77.03 453.40 Td (and ) Tj ET Q q 0 0 0 rg BT 98.44 453.40 Td (2014: ) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323.5 414.7 m 403.5 414.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 414.7 m 487.5 414.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323.5 414.7 m 403.5 414.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 414.7 m 487.5 414.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 354.7 m 487.5 354.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323.5 354.7 m 403.5 354.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323.5 340.7 m 403.5 340.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323.5 338.7 m 403.5 338.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 354.7 m 487.5 354.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 340.7 m 487.5 340.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 338.7 m 487.5 338.7 l s BT /F5 11.00 Tf ET q 0 0 0 rg BT 350.75 419.19 Td (2015) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 434.75 419.19 Td (2014) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 126.00 404.19 Td (Beginning balance) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 326.00 404.19 Td ($) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 359.50 404.19 Td (811,539) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 410.00 404.19 Td ($) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 443.50 404.24 Td (658,115) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 126.00 389.19 Td (Liabilities incurred) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 360.20 389.19 Td (298,946) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 444.20 389.19 Td (252,710) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 126.00 374.19 Td (Accretion) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 366.35 374.19 Td (94,258) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 444.20 374.19 Td (150,660) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 126.00 359.19 Td (Settlement of obligations) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 352.90 359.19 Td (\(125,936\)) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 436.90 359.19 Td (\(249,946\)) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 126.00 344.19 Td (Ending balance) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 326.00 344.19 Td ($) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 350.35 344.19 Td (1,078,807) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 410.00 344.19 Td ($) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 443.50 344.24 Td (811,539) Tj ET Q BT /F1 10.00 Tf ET BT /F5 11.00 Tf ET q 0 0 0 rg BT 49.50 313.80 Td (Site ) Tj ET Q q 0 0 0 rg BT 72.73 313.80 Td (Infrastructure ) Tj ET Q q 0 0 0 rg BT 147.30 313.80 Td (and ) Tj ET Q q 0 0 0 rg BT 169.91 313.80 Td (Improvements ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 287.40 Td (Site ) Tj ET Q q 0 0 0 rg BT 70.60 287.40 Td (infrastructure ) Tj ET Q q 0 0 0 rg BT 136.93 287.40 Td (and ) Tj ET Q q 0 0 0 rg BT 157.43 287.40 Td (improvements ) Tj ET Q q 0 0 0 rg BT 228.65 287.40 Td (consists ) Tj ET Q q 0 0 0 rg BT 270.53 287.40 Td (of ) Tj ET Q q 0 0 0 rg BT 281.85 287.40 Td (Site ) Tj ET Q q 0 0 0 rg BT 302.95 287.40 Td (improvements, ) Tj ET Q q 0 0 0 rg BT 377.23 287.40 Td (modular ) Tj ET Q q 0 0 0 rg BT 419.11 287.40 Td (structures ) Tj ET Q q 0 0 0 rg BT 469.55 287.40 Td (and ) Tj ET Q q 0 0 0 rg BT 490.05 287.40 Td (other ) Tj ET Q q 0 0 0 rg BT 517.26 287.40 Td (structural ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 274.20 Td (Site ) Tj ET Q q 0 0 0 rg BT 71.44 274.20 Td (specific ) Tj ET Q q 0 0 0 rg BT 111.11 274.20 Td (components ) Tj ET Q q 0 0 0 rg BT 174.02 274.20 Td (installed ) Tj ET Q q 0 0 0 rg BT 217.36 274.20 Td (at ) Tj ET Q q 0 0 0 rg BT 229.52 274.20 Td (various ) Tj ET Q q 0 0 0 rg BT 267.97 274.20 Td (RC ) Tj ET Q q 0 0 0 rg BT 286.84 274.20 Td (Facility ) Tj ET Q q 0 0 0 rg BT 324.05 274.20 Td (locations. ) Tj ET Q q 0 0 0 rg BT 373.31 274.20 Td (These ) Tj ET Q q 0 0 0 rg BT 406.87 274.20 Td (assets ) Tj ET Q q 0 0 0 rg BT 441.65 274.20 Td (are ) Tj ET Q q 0 0 0 rg BT 460.53 274.20 Td (recorded ) Tj ET Q q 0 0 0 rg BT 506.93 274.20 Td (at ) Tj ET Q q 0 0 0 rg BT 519.09 274.20 Td (historical ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 261.00 Td (cost ) Tj ET Q q 0 0 0 rg BT 72.73 261.00 Td (and ) Tj ET Q q 0 0 0 rg BT 94.14 261.00 Td (are ) Tj ET Q q 0 0 0 rg BT 113.09 261.00 Td (depreciated ) Tj ET Q q 0 0 0 rg BT 173.64 261.00 Td (using ) Tj ET Q q 0 0 0 rg BT 202.99 261.00 Td (the ) Tj ET Q q 0 0 0 rg BT 221.34 261.00 Td (straight-line ) Tj ET Q q 0 0 0 rg BT 281.25 261.00 Td (method ) Tj ET Q q 0 0 0 rg BT 321.00 261.00 Td (over ) Tj ET Q q 0 0 0 rg BT 345.45 261.00 Td (estimated ) Tj ET Q q 0 0 0 rg BT 396.20 261.00 Td (useful ) Tj ET Q q 0 0 0 rg BT 428.61 261.00 Td (lives ) Tj ET Q q 0 0 0 rg BT 453.67 261.00 Td (of ) Tj ET Q q 0 0 0 rg BT 465.90 261.00 Td (9 ) Tj ET Q q 0 0 0 rg BT 475.07 261.00 Td (to ) Tj ET Q q 0 0 0 rg BT 487.30 261.00 Td (20 ) Tj ET Q q 0 0 0 rg BT 502.59 261.00 Td (years.) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 49.50 235.80 Td (Furniture, ) Tj ET Q q 0 0 0 rg BT 103.89 235.80 Td (Fixtures ) Tj ET Q q 0 0 0 rg BT 149.74 235.80 Td (and ) Tj ET Q q 0 0 0 rg BT 172.35 235.80 Td (Equipment) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 210.60 Td (Furniture, ) Tj ET Q q 0 0 0 rg BT 98.52 210.60 Td (fixtures, ) Tj ET Q q 0 0 0 rg BT 138.98 210.60 Td (and ) Tj ET Q q 0 0 0 rg BT 159.29 210.60 Td (equipment ) Tj ET Q q 0 0 0 rg BT 212.61 210.60 Td (is ) Tj ET Q q 0 0 0 rg BT 222.50 210.60 Td (comprised ) Tj ET Q q 0 0 0 rg BT 275.19 210.60 Td (of ) Tj ET Q q 0 0 0 rg BT 286.31 210.60 Td (of) Tj ET Q q 0 0 0 rg BT 295.29 210.60 Td (fice ) Tj ET Q q 0 0 0 rg BT 314.36 210.60 Td (furniture ) Tj ET Q q 0 0 0 rg BT 356.66 210.60 Td (and ) Tj ET Q q 0 0 0 rg BT 376.96 210.60 Td (fixtures ) Tj ET Q q 0 0 0 rg BT 414.37 210.60 Td (and ) Tj ET Q q 0 0 0 rg BT 434.67 210.60 Td (of) Tj ET Q q 0 0 0 rg BT 443.65 210.60 Td (fice ) Tj ET Q q 0 0 0 rg BT 462.72 210.60 Td (equipment, ) Tj ET Q q 0 0 0 rg BT 519.09 210.60 Td (including ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 197.40 Td (those ) Tj ET Q q 0 0 0 rg BT 78.74 197.40 Td (under ) Tj ET Q q 0 0 0 rg BT 109.21 197.40 Td (capital ) Tj ET Q q 0 0 0 rg BT 143.33 197.40 Td (lease. ) Tj ET Q q 0 0 0 rg BT 174.87 197.40 Td (These ) Tj ET Q q 0 0 0 rg BT 207.77 197.40 Td (assets ) Tj ET Q q 0 0 0 rg BT 241.89 197.40 Td (are ) Tj ET Q q 0 0 0 rg BT 260.12 197.40 Td (recorded ) Tj ET Q q 0 0 0 rg BT 305.87 197.40 Td (at ) Tj ET Q q 0 0 0 rg BT 317.37 197.40 Td (cost ) Tj ET Q q 0 0 0 rg BT 339.88 197.40 Td (and ) Tj ET Q q 0 0 0 rg BT 360.56 197.40 Td (depreciated ) Tj ET Q q 0 0 0 rg BT 420.38 197.40 Td (using ) Tj ET Q q 0 0 0 rg BT 449.01 197.40 Td (the ) Tj ET Q q 0 0 0 rg BT 466.63 197.40 Td (straight-line ) Tj ET Q q 0 0 0 rg BT 525.82 197.40 Td (method ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 184.20 Td (with ) Tj ET Q q 0 0 0 rg BT 72.12 184.20 Td (estimated ) Tj ET Q q 0 0 0 rg BT 122.86 184.20 Td (useful ) Tj ET Q q 0 0 0 rg BT 155.27 184.20 Td (lives ) Tj ET Q q 0 0 0 rg BT 180.33 184.20 Td (ranging ) Tj ET Q q 0 0 0 rg BT 220.09 184.20 Td (from ) Tj ET Q q 0 0 0 rg BT 245.14 184.20 Td (3 ) Tj ET Q q 0 0 0 rg BT 254.32 184.20 Td (to ) Tj ET Q q 0 0 0 rg BT 266.55 184.20 Td (20 ) Tj ET Q q 0 0 0 rg BT 281.84 184.20 Td (years.) Tj ET Q endstream endobj 315 0 obj <> endobj 316 0 obj <> stream BT /F5 11.00 Tf ET q 0 0 0 rg BT 168.80 771.50 Td (CLEAN COAL) Tj ET Q q 0 0 0 rg BT 240.71 771.50 Td ( SOLUTIONS, LLC ) Tj ET Q q 0 0 0 rg BT 338.08 771.50 Td (AND SUBSIDIARIES) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 163.80 758.30 Td (NOTES T) Tj ET Q q 0 0 0 rg BT 211.27 758.30 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 288.07 758.30 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 372.19 758.30 Td ( ST) Tj ET Q q 0 0 0 rg BT 388.49 758.30 Td (A) Tj ET Q q 0 0 0 rg BT 395.62 758.30 Td (TEMENTS) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 209.25 745.10 Td (DECEMBER 31, 2015, 2014 ) Tj ET Q q 0 0 0 rg BT 351.30 745.10 Td (AND 2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 33.60 Td (154) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 703.00 Td (The following table summarizes the components of gross and net carrying amounts for fixed assets as of ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 689.80 Td (December 31:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323.5 651.1 m 403.5 651.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 651.1 m 487.5 651.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 651.1 m 487.5 651.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 591.1 m 487.5 591.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323.5 591.1 m 403.5 591.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 591.1 m 487.5 591.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 561.1 m 487.5 561.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323.5 561.1 m 403.5 561.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323.5 547.1 m 403.5 547.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323.5 545.1 m 403.5 545.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 561.1 m 487.5 561.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 547.1 m 487.5 547.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 545.1 m 487.5 545.1 l s BT /F5 11.00 Tf ET q 0 0 0 rg BT 350.75 655.59 Td (2015) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 434.75 655.59 Td (2014) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 126.00 640.59 Td (RC Facilities and related equipment) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 326.00 640.59 Td ($) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 344.20 640.59 Td (88,506,687) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 410.00 640.59 Td ($) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 428.20 640.64 Td (61,369,172) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 126.00 625.59 Td (Site infrastructure and improvements) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 351.05 625.59 Td (3,432,936) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 435.05 625.59 Td (2,878,203) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 126.00 610.59 Td (Furniture, fixtures and equipment) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 360.20 610.59 Td (986,437) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 435.05 610.59 Td (1,001,939) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 126.00 595.59 Td (Other) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 360.20 595.59 Td (526,725) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 444.20 595.59 Td (769,863) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 344.90 580.59 Td (93,452,785) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 428.90 580.59 Td (66,019,177) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 126.00 565.59 Td (Accumulated Depreciation) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 337.60 565.59 Td (\(16,664,633\)) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 421.60 565.59 Td (\(13,494,004\)) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 126.00 550.59 Td (Fixed Assets, Net) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 326.00 550.59 Td ($) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 344.20 550.59 Td (76,788,152) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 410.00 550.59 Td ($) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 428.20 550.64 Td (52,525,173) Tj ET Q BT /F1 10.00 Tf ET BT /F5 11.00 Tf ET q 0 0 0 rg BT 49.50 507.00 Td (NOTE ) Tj ET Q q 0 0 0 rg BT 83.11 507.00 Td (3 ) Tj ET Q q 0 0 0 rg BT 92.29 507.00 Td ( ) Tj ET Q q 0 0 0 rg BT 101.46 507.00 Td (INVENT) Tj ET Q q 0 0 0 rg BT 141.60 507.00 Td (OR) Tj ET Q q 0 0 0 rg BT 157.69 507.00 Td (Y) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 481.80 Td (Inventory is comprised primarily of feedstock coal and Chemicals used in the production of refined coal at ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 468.60 Td (RC Facilities owned and operated by Clean Coal. Inventory is valued at average cost. ) Tj ET Q q 0 0 0 rg BT 468.75 468.60 Td (The Company ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 455.40 Td (assesses the inventory valuation on a monthly basis and reduces the value for any obsolete inventory) Tj ET Q q 0 0 0 rg BT 542.75 455.40 Td (. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 442.20 Td (No valuation allowance was considered necessary as of December 31, 2015 and 2014.) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323.5 403.5 m 403.5 403.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 403.5 m 487.5 403.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323.5 403.5 m 403.5 403.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 403.5 m 487.5 403.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323.5 373.5 m 403.5 373.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323.5 359.5 m 403.5 359.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323.5 357.5 m 403.5 357.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 373.5 m 487.5 373.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 359.5 m 487.5 359.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 357.5 m 487.5 357.5 l s BT /F5 11.00 Tf ET q 0 0 0 rg BT 350.75 407.99 Td (2015) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 434.75 407.99 Td (2014) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 126.00 392.99 Td (Feedstock coal) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 326.00 392.99 Td ($) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 350.35 392.99 Td (9,813,679) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 410.00 392.99 Td ($) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 434.30 392.99 Td (8,992,246) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 126.00 377.99 Td (Chemicals) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 360.20 377.99 Td (353,389) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 444.20 377.99 Td (502,359) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 126.00 362.99 Td (Total) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 326.00 362.99 Td ($) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 344.20 362.99 Td (10,167,068) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 410.00 362.99 Td ($) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 434.30 362.99 Td (9,494,605) Tj ET Q BT /F1 10.00 Tf ET BT /F5 11.00 Tf ET q 0 0 0 rg BT 49.50 319.40 Td (NOTE ) Tj ET Q q 0 0 0 rg BT 83.11 319.40 Td (4 ) Tj ET Q q 0 0 0 rg BT 92.29 319.40 Td ( ) Tj ET Q q 0 0 0 rg BT 101.46 319.40 Td (LEASING ) Tj ET Q q 0 0 0 rg BT 153.00 319.40 Td (ACTIVITIES) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 293.00 Td (The ) Tj ET Q q 0 0 0 rg BT 70.78 293.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 120.18 293.00 Td (has ) Tj ET Q q 0 0 0 rg BT 140.24 293.00 Td (entered ) Tj ET Q q 0 0 0 rg BT 179.87 293.00 Td (into ) Tj ET Q q 0 0 0 rg BT 199.93 293.00 Td (several ) Tj ET Q q 0 0 0 rg BT 237.72 293.00 Td (types ) Tj ET Q q 0 0 0 rg BT 266.33 293.00 Td (of ) Tj ET Q q 0 0 0 rg BT 277.83 293.00 Td (transaction ) Tj ET Q q 0 0 0 rg BT 333.97 293.00 Td (structures ) Tj ET Q q 0 0 0 rg BT 384.58 293.00 Td (with ) Tj ET Q q 0 0 0 rg BT 406.47 293.00 Td (third ) Tj ET Q q 0 0 0 rg BT 430.19 293.00 Td (party ) Tj ET Q q 0 0 0 rg BT 456.97 293.00 Td (refined ) Tj ET Q q 0 0 0 rg BT 492.93 293.00 Td (coal ) Tj ET Q q 0 0 0 rg BT 515.43 293.00 Td (investors. ) Tj ET Q q 0 0 0 rg BT 565.56 293.00 Td ( ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 279.80 Td (Each ) Tj ET Q q 0 0 0 rg BT 77.71 279.80 Td (of ) Tj ET Q q 0 0 0 rg BT 90.02 279.80 Td (the ) Tj ET Q q 0 0 0 rg BT 108.45 279.80 Td (agreements ) Tj ET Q q 0 0 0 rg BT 169.68 279.80 Td (contains ) Tj ET Q q 0 0 0 rg BT 213.79 279.80 Td (terms ) Tj ET Q q 0 0 0 rg BT 244.43 279.80 Td (such ) Tj ET Q q 0 0 0 rg BT 270.80 279.80 Td (that ) Tj ET Q q 0 0 0 rg BT 292.29 279.80 Td (the ) Tj ET Q q 0 0 0 rg BT 310.71 279.80 Td (payments ) Tj ET Q q 0 0 0 rg BT 361.54 279.80 Td (received ) Tj ET Q q 0 0 0 rg BT 406.26 279.80 Td (are ) Tj ET Q q 0 0 0 rg BT 425.30 279.80 Td (recognized ) Tj ET Q q 0 0 0 rg BT 482.25 279.80 Td (by ) Tj ET Q q 0 0 0 rg BT 497.00 279.80 Td (the ) Tj ET Q q 0 0 0 rg BT 515.43 279.80 Td (Company ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 266.60 Td (as ) Tj ET Q q 0 0 0 rg BT 64.59 266.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 113.94 266.60 Td (lease ) Tj ET Q q 0 0 0 rg BT 143.71 266.60 Td (revenues ) Tj ET Q q 0 0 0 rg BT 192.44 266.60 Td (as ) Tj ET Q q 0 0 0 rg BT 207.53 266.60 Td (they ) Tj ET Q q 0 0 0 rg BT 231.80 266.60 Td (are ) Tj ET Q q 0 0 0 rg BT 251.17 266.60 Td (earned. ) Tj ET Q q 0 0 0 rg BT 291.96 266.60 Td ( ) Tj ET Q q 0 0 0 rg BT 295.43 266.60 Td (Payments ) Tj ET Q q 0 0 0 rg BT 347.82 266.60 Td (under ) Tj ET Q q 0 0 0 rg BT 379.42 266.60 Td (the ) Tj ET Q q 0 0 0 rg BT 398.19 266.60 Td (agreements ) Tj ET Q q 0 0 0 rg BT 459.76 266.60 Td (may ) Tj ET Q q 0 0 0 rg BT 484.01 266.60 Td (be ) Tj ET Q q 0 0 0 rg BT 499.72 266.60 Td (described ) Tj ET Q q 0 0 0 rg BT 550.89 266.60 Td (as ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 253.40 Td (fixed ) Tj ET Q q 0 0 0 rg BT 75.84 253.40 Td (and ) Tj ET Q q 0 0 0 rg BT 97.30 253.40 Td (contingent ) Tj ET Q q 0 0 0 rg BT 151.17 253.40 Td (rents, ) Tj ET Q q 0 0 0 rg BT 181.79 253.40 Td (member ) Tj ET Q q 0 0 0 rg BT 225.24 253.40 Td (interest ) Tj ET Q q 0 0 0 rg BT 264.42 253.40 Td (purchase ) Tj ET Q q 0 0 0 rg BT 312.78 253.40 Td (payments, ) Tj ET Q q 0 0 0 rg BT 366.63 253.40 Td (or ) Tj ET Q q 0 0 0 rg BT 379.52 253.40 Td (asset ) Tj ET Q q 0 0 0 rg BT 408.92 253.40 Td (purchase ) Tj ET Q q 0 0 0 rg BT 457.27 253.40 Td (payments, ) Tj ET Q q 0 0 0 rg BT 511.13 253.40 Td (depending ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 240.20 Td (on ) Tj ET Q q 0 0 0 rg BT 64.79 240.20 Td (the ) Tj ET Q q 0 0 0 rg BT 83.14 240.20 Td (particular ) Tj ET Q q 0 0 0 rg BT 131.44 240.20 Td (transaction ) Tj ET Q q 0 0 0 rg BT 188.30 240.20 Td (structure.) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 215.00 Td (T) Tj ET Q q 0 0 0 rg BT 55.00 215.00 Td (en ) Tj ET Q q 0 0 0 rg BT 69.80 215.00 Td (and ) Tj ET Q q 0 0 0 rg BT 90.73 215.00 Td (nine ) Tj ET Q q 0 0 0 rg BT 114.09 215.00 Td (of ) Tj ET Q q 0 0 0 rg BT 125.83 215.00 Td (the ) Tj ET Q q 0 0 0 rg BT 143.69 215.00 Td (RC ) Tj ET Q q 0 0 0 rg BT 162.15 215.00 Td (Facilities ) Tj ET Q q 0 0 0 rg BT 207.50 215.00 Td (leased ) Tj ET Q q 0 0 0 rg BT 242.49 215.00 Td (to ) Tj ET Q q 0 0 0 rg BT 254.23 215.00 Td (third ) Tj ET Q q 0 0 0 rg BT 278.19 215.00 Td (parties ) Tj ET Q q 0 0 0 rg BT 313.78 215.00 Td (are ) Tj ET Q q 0 0 0 rg BT 332.25 215.00 Td (under ) Tj ET Q q 0 0 0 rg BT 362.95 215.00 Td (lease ) Tj ET Q q 0 0 0 rg BT 391.81 215.00 Td (with ) Tj ET Q q 0 0 0 rg BT 413.94 215.00 Td (a ) Tj ET Q q 0 0 0 rg BT 422.63 215.00 Td (related ) Tj ET Q q 0 0 0 rg BT 458.83 215.00 Td (party ) Tj ET Q q 0 0 0 rg BT 485.85 215.00 Td (as ) Tj ET Q q 0 0 0 rg BT 500.04 215.00 Td (of ) Tj ET Q q 0 0 0 rg BT 511.78 215.00 Td (December ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 201.80 Td (31, ) Tj ET Q q 0 0 0 rg BT 67.90 201.80 Td (2015 ) Tj ET Q q 0 0 0 rg BT 95.48 201.80 Td (and ) Tj ET Q q 0 0 0 rg BT 116.94 201.80 Td (2014, ) Tj ET Q q 0 0 0 rg BT 147.58 201.80 Td (respectively) Tj ET Q q 0 0 0 rg BT 204.84 201.80 Td (. ) Tj ET Q q 0 0 0 rg BT 211.01 201.80 Td ( ) Tj ET Q q 0 0 0 rg BT 213.92 201.80 Td (These ) Tj ET Q q 0 0 0 rg BT 247.60 201.80 Td (leases ) Tj ET Q q 0 0 0 rg BT 282.51 201.80 Td (generally ) Tj ET Q q 0 0 0 rg BT 330.25 201.80 Td (have ) Tj ET Q q 0 0 0 rg BT 357.22 201.80 Td (terms ) Tj ET Q q 0 0 0 rg BT 387.83 201.80 Td (that ) Tj ET Q q 0 0 0 rg BT 409.28 201.80 Td (extend ) Tj ET Q q 0 0 0 rg BT 445.42 201.80 Td (to ) Tj ET Q q 0 0 0 rg BT 457.71 201.80 Td (the ) Tj ET Q q 0 0 0 rg BT 476.11 201.80 Td (date ) Tj ET Q q 0 0 0 rg BT 500.63 201.80 Td (on ) Tj ET Q q 0 0 0 rg BT 515.97 201.80 Td (which ) Tj ET Q q 0 0 0 rg BT 547.20 201.80 Td (the ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 188.60 Td (RC ) Tj ET Q q 0 0 0 rg BT 68.14 188.60 Td (Facility ) Tj ET Q q 0 0 0 rg BT 105.12 188.60 Td (would ) Tj ET Q q 0 0 0 rg BT 136.61 188.60 Td (no ) Tj ET Q q 0 0 0 rg BT 151.60 188.60 Td (longer ) Tj ET Q q 0 0 0 rg BT 184.93 188.60 Td (be ) Tj ET Q q 0 0 0 rg BT 199.92 188.60 Td (eligible ) Tj ET Q q 0 0 0 rg BT 236.92 188.60 Td (to ) Tj ET Q q 0 0 0 rg BT 248.85 188.60 Td (produce ) Tj ET Q q 0 0 0 rg BT 291.35 188.60 Td (PTCs ) Tj ET Q q 0 0 0 rg BT 321.61 188.60 Td (\(10 ) Tj ET Q q 0 0 0 rg BT 340.26 188.60 Td (years ) Tj ET Q q 0 0 0 rg BT 369.91 188.60 Td (from ) Tj ET Q q 0 0 0 rg BT 394.66 188.60 Td (the ) Tj ET Q q 0 0 0 rg BT 412.71 188.60 Td (placed ) Tj ET Q q 0 0 0 rg BT 447.88 188.60 Td (in ) Tj ET Q q 0 0 0 rg BT 459.19 188.60 Td (service ) Tj ET Q q 0 0 0 rg BT 496.79 188.60 Td (date\), ) Tj ET Q q 0 0 0 rg BT 527.67 188.60 Td (subject ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 175.40 Td (to ) Tj ET Q q 0 0 0 rg BT 61.73 175.40 Td (earlier ) Tj ET Q q 0 0 0 rg BT 95.35 175.40 Td (termination ) Tj ET Q q 0 0 0 rg BT 152.82 175.40 Td (by ) Tj ET Q q 0 0 0 rg BT 167.50 175.40 Td (the ) Tj ET Q q 0 0 0 rg BT 185.85 175.40 Td (lessee ) Tj ET Q q 0 0 0 rg BT 220.70 175.40 Td (at ) Tj ET Q q 0 0 0 rg BT 232.93 175.40 Td (periodic ) Tj ET Q q 0 0 0 rg BT 274.51 175.40 Td (intervals ) Tj ET Q q 0 0 0 rg BT 318.52 175.40 Td (or ) Tj ET Q q 0 0 0 rg BT 331.36 175.40 Td (upon ) Tj ET Q q 0 0 0 rg BT 358.89 175.40 Td (the ) Tj ET Q q 0 0 0 rg BT 377.23 175.40 Td (occurrence ) Tj ET Q q 0 0 0 rg BT 434.70 175.40 Td (of ) Tj ET Q q 0 0 0 rg BT 446.93 175.40 Td (specified ) Tj ET Q q 0 0 0 rg BT 493.40 175.40 Td (events. ) Tj ET Q q 0 0 0 rg BT 531.93 175.40 Td ( ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 150.20 Td (During ) Tj ET Q q 0 0 0 rg BT 85.17 150.20 Td (2013, ) Tj ET Q q 0 0 0 rg BT 115.97 150.20 Td ($16.5 ) Tj ET Q q 0 0 0 rg BT 146.77 150.20 Td (million ) Tj ET Q q 0 0 0 rg BT 181.22 150.20 Td (of ) Tj ET Q q 0 0 0 rg BT 193.66 150.20 Td (deposits ) Tj ET Q q 0 0 0 rg BT 237.90 150.20 Td (received ) Tj ET Q q 0 0 0 rg BT 282.75 150.20 Td (in ) Tj ET Q q 0 0 0 rg BT 294.58 150.20 Td (201) Tj ET Q q 0 0 0 rg BT 312.12 150.20 Td (1 ) Tj ET Q q 0 0 0 rg BT 321.51 150.20 Td (were ) Tj ET Q q 0 0 0 rg BT 348.62 150.20 Td (applied ) Tj ET Q q 0 0 0 rg BT 387.37 150.20 Td (as ) Tj ET Q q 0 0 0 rg BT 402.26 150.20 Td (prepaid ) Tj ET Q q 0 0 0 rg BT 442.22 150.20 Td (rent ) Tj ET Q q 0 0 0 rg BT 464.45 150.20 Td (amounts ) Tj ET Q q 0 0 0 rg BT 509.91 150.20 Td (associated ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 137.00 Td (with ) Tj ET Q q 0 0 0 rg BT 72.09 137.00 Td (certain ) Tj ET Q q 0 0 0 rg BT 108.14 137.00 Td (RC ) Tj ET Q q 0 0 0 rg BT 127.05 137.00 Td (Facility ) Tj ET Q q 0 0 0 rg BT 164.31 137.00 Td (leases. ) Tj ET Q q 0 0 0 rg BT 201.99 137.00 Td (The ) Tj ET Q q 0 0 0 rg BT 223.98 137.00 Td (initial ) Tj ET Q q 0 0 0 rg BT 252.07 137.00 Td (deposits ) Tj ET Q q 0 0 0 rg BT 296.07 137.00 Td (of ) Tj ET Q q 0 0 0 rg BT 308.28 137.00 Td (prepaid ) Tj ET Q q 0 0 0 rg BT 348.00 137.00 Td (rents ) Tj ET Q q 0 0 0 rg BT 375.48 137.00 Td (along ) Tj ET Q q 0 0 0 rg BT 405.43 137.00 Td (with ) Tj ET Q q 0 0 0 rg BT 428.02 137.00 Td (any ) Tj ET Q q 0 0 0 rg BT 448.78 137.00 Td (additional ) Tj ET Q q 0 0 0 rg BT 498.91 137.00 Td (prepayments ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 123.80 Td (received ) Tj ET Q q 0 0 0 rg BT 93.57 123.80 Td (were ) Tj ET Q q 0 0 0 rg BT 119.90 123.80 Td (recorded ) Tj ET Q q 0 0 0 rg BT 165.80 123.80 Td (as ) Tj ET Q q 0 0 0 rg BT 179.90 123.80 Td (deferred ) Tj ET Q q 0 0 0 rg BT 223.36 123.80 Td (revenue ) Tj ET Q q 0 0 0 rg BT 265.60 123.80 Td (and ) Tj ET Q q 0 0 0 rg BT 286.44 123.80 Td (are ) Tj ET Q q 0 0 0 rg BT 304.83 123.80 Td (amortized ) Tj ET Q q 0 0 0 rg BT 355.61 123.80 Td (into ) Tj ET Q q 0 0 0 rg BT 375.84 123.80 Td (revenue ) Tj ET Q q 0 0 0 rg BT 418.08 123.80 Td (under ) Tj ET Q q 0 0 0 rg BT 448.70 123.80 Td (the ) Tj ET Q q 0 0 0 rg BT 466.48 123.80 Td (straight-line ) Tj ET Q q 0 0 0 rg BT 525.82 123.80 Td (method ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 110.60 Td (over ) Tj ET Q q 0 0 0 rg BT 73.14 110.60 Td (the ) Tj ET Q q 0 0 0 rg BT 90.67 110.60 Td (amortization ) Tj ET Q q 0 0 0 rg BT 152.83 110.60 Td (period ) Tj ET Q q 0 0 0 rg BT 185.65 110.60 Td (defined ) Tj ET Q q 0 0 0 rg BT 223.98 110.60 Td (in ) Tj ET Q q 0 0 0 rg BT 234.78 110.60 Td (the ) Tj ET Q q 0 0 0 rg BT 252.31 110.60 Td (respective ) Tj ET Q q 0 0 0 rg BT 304.69 110.60 Td (lease ) Tj ET Q q 0 0 0 rg BT 333.23 110.60 Td (agreement. ) Tj ET Q q 0 0 0 rg BT 390.67 110.60 Td (As ) Tj ET Q q 0 0 0 rg BT 405.74 110.60 Td (of ) Tj ET Q q 0 0 0 rg BT 417.16 110.60 Td (December ) Tj ET Q q 0 0 0 rg BT 470.14 110.60 Td (31, ) Tj ET Q q 0 0 0 rg BT 487.67 110.60 Td (2015 ) Tj ET Q q 0 0 0 rg BT 514.39 110.60 Td (and ) Tj ET Q q 0 0 0 rg BT 534.98 110.60 Td (2014, ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 97.40 Td (the ) Tj ET Q q 0 0 0 rg BT 68.64 97.40 Td (Company ) Tj ET Q q 0 0 0 rg BT 119.56 97.40 Td (has ) Tj ET Q q 0 0 0 rg BT 141.14 97.40 Td (recorded ) Tj ET Q q 0 0 0 rg BT 188.40 97.40 Td ($29.9 ) Tj ET Q q 0 0 0 rg BT 219.77 97.40 Td (million ) Tj ET Q q 0 0 0 rg BT 254.79 97.40 Td (and ) Tj ET Q q 0 0 0 rg BT 276.98 97.40 Td ($73.1 ) Tj ET Q q 0 0 0 rg BT 308.35 97.40 Td (million, ) Tj ET Q q 0 0 0 rg BT 346.43 97.40 Td (respectively) Tj ET Q q 0 0 0 rg BT 403.69 97.40 Td (, ) Tj ET Q q 0 0 0 rg BT 410.59 97.40 Td ( ) Tj ET Q q 0 0 0 rg BT 414.43 97.40 Td (of ) Tj ET Q q 0 0 0 rg BT 427.45 97.40 Td (deferred ) Tj ET Q q 0 0 0 rg BT 472.27 97.40 Td (revenue ) Tj ET Q q 0 0 0 rg BT 515.86 97.40 Td (related ) Tj ET Q q 0 0 0 rg BT 553.34 97.40 Td (to ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 84.20 Td (rents.) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 59.00 Td (The ) Tj ET Q q 0 0 0 rg BT 71.48 59.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 121.58 59.00 Td (entered ) Tj ET Q q 0 0 0 rg BT 161.91 59.00 Td (into ) Tj ET Q q 0 0 0 rg BT 182.66 59.00 Td (an ) Tj ET Q q 0 0 0 rg BT 197.92 59.00 Td (RC ) Tj ET Q q 0 0 0 rg BT 216.83 59.00 Td (Facility ) Tj ET Q q 0 0 0 rg BT 254.08 59.00 Td (lease ) Tj ET Q q 0 0 0 rg BT 283.40 59.00 Td (with ) Tj ET Q q 0 0 0 rg BT 305.98 59.00 Td (an ) Tj ET Q q 0 0 0 rg BT 321.24 59.00 Td (unrelated ) Tj ET Q q 0 0 0 rg BT 370.13 59.00 Td (third ) Tj ET Q q 0 0 0 rg BT 394.55 59.00 Td (party ) Tj ET Q q 0 0 0 rg BT 422.02 59.00 Td (in ) Tj ET Q q 0 0 0 rg BT 433.61 59.00 Td (2012 ) Tj ET Q q 0 0 0 rg BT 461.10 59.00 Td (that ) Tj ET Q q 0 0 0 rg BT 482.47 59.00 Td (was ) Tj ET Q q 0 0 0 rg BT 505.05 59.00 Td (amended ) Tj ET Q q 0 0 0 rg BT 553.94 59.00 Td (in ) Tj ET Q endstream endobj 317 0 obj <> endobj 318 0 obj <> stream BT /F5 11.00 Tf ET q 0 0 0 rg BT 168.80 771.50 Td (CLEAN COAL) Tj ET Q q 0 0 0 rg BT 240.71 771.50 Td ( SOLUTIONS, LLC ) Tj ET Q q 0 0 0 rg BT 338.08 771.50 Td (AND SUBSIDIARIES) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 163.80 758.30 Td (NOTES T) Tj ET Q q 0 0 0 rg BT 211.27 758.30 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 288.07 758.30 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 372.19 758.30 Td ( ST) Tj ET Q q 0 0 0 rg BT 388.49 758.30 Td (A) Tj ET Q q 0 0 0 rg BT 395.62 758.30 Td (TEMENTS) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 209.25 745.10 Td (DECEMBER 31, 2015, 2014 ) Tj ET Q q 0 0 0 rg BT 351.30 745.10 Td (AND 2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 33.60 Td (155) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 703.00 Td (2013 ) Tj ET Q q 0 0 0 rg BT 76.66 703.00 Td (to ) Tj ET Q q 0 0 0 rg BT 88.53 703.00 Td (a ) Tj ET Q q 0 0 0 rg BT 97.34 703.00 Td (fixed ) Tj ET Q q 0 0 0 rg BT 123.27 703.00 Td (payment ) Tj ET Q q 0 0 0 rg BT 168.15 703.00 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 233.22 703.00 Td (that ) Tj ET Q q 0 0 0 rg BT 254.26 703.00 Td (expired ) Tj ET Q q 0 0 0 rg BT 293.03 703.00 Td (January ) Tj ET Q q 0 0 0 rg BT 334.86 703.00 Td (31, ) Tj ET Q q 0 0 0 rg BT 352.84 703.00 Td (2014. ) Tj ET Q q 0 0 0 rg BT 383.06 703.00 Td ( ) Tj ET Q q 0 0 0 rg BT 385.75 703.00 Td (During ) Tj ET Q q 0 0 0 rg BT 420.85 703.00 Td (2014, ) Tj ET Q q 0 0 0 rg BT 451.07 703.00 Td (the ) Tj ET Q q 0 0 0 rg BT 469.06 703.00 Td (lease ) Tj ET Q q 0 0 0 rg BT 498.05 703.00 Td (was ) Tj ET Q q 0 0 0 rg BT 520.30 703.00 Td (renewed ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 689.80 Td (through ) Tj ET Q q 0 0 0 rg BT 90.58 689.80 Td (January ) Tj ET Q q 0 0 0 rg BT 133.48 689.80 Td (31, ) Tj ET Q q 0 0 0 rg BT 152.54 689.80 Td (2015. ) Tj ET Q q 0 0 0 rg BT 183.59 689.80 Td (This ) Tj ET Q q 0 0 0 rg BT 208.14 689.80 Td (agreement ) Tj ET Q q 0 0 0 rg BT 264.49 689.80 Td (was ) Tj ET Q q 0 0 0 rg BT 287.82 689.80 Td (terminated ) Tj ET Q q 0 0 0 rg BT 343.56 689.80 Td (ef) Tj ET Q q 0 0 0 rg BT 352.54 689.80 Td (fective ) Tj ET Q q 0 0 0 rg BT 388.10 689.80 Td (December ) Tj ET Q q 0 0 0 rg BT 442.60 689.80 Td (31, ) Tj ET Q q 0 0 0 rg BT 461.66 689.80 Td (2014. ) Tj ET Q q 0 0 0 rg BT 492.71 689.80 Td (The ) Tj ET Q q 0 0 0 rg BT 515.44 689.80 Td (Company ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 676.60 Td (has ) Tj ET Q q 0 0 0 rg BT 70.29 676.60 Td (continued ) Tj ET Q q 0 0 0 rg BT 121.05 676.60 Td (to ) Tj ET Q q 0 0 0 rg BT 133.28 676.60 Td (operate ) Tj ET Q q 0 0 0 rg BT 173.65 676.60 Td (the ) Tj ET Q q 0 0 0 rg BT 192.00 676.60 Td (RC ) Tj ET Q q 0 0 0 rg BT 210.94 676.60 Td (Facility ) Tj ET Q q 0 0 0 rg BT 248.22 676.60 Td (for ) Tj ET Q q 0 0 0 rg BT 264.11 676.60 Td (the ) Tj ET Q q 0 0 0 rg BT 282.46 676.60 Td (benefit ) Tj ET Q q 0 0 0 rg BT 318.54 676.60 Td (of ) Tj ET Q q 0 0 0 rg BT 330.77 676.60 Td (its ) Tj ET Q q 0 0 0 rg BT 344.83 676.60 Td (Members.) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 651.40 Td (An ) Tj ET Q q 0 0 0 rg BT 66.94 651.40 Td (RC ) Tj ET Q q 0 0 0 rg BT 86.81 651.40 Td (Facility ) Tj ET Q q 0 0 0 rg BT 124.22 651.40 Td (Asset ) Tj ET Q q 0 0 0 rg BT 155.71 651.40 Td (Purchase ) Tj ET Q q 0 0 0 rg BT 205.37 651.40 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 263.16 651.40 Td (was ) Tj ET Q q 0 0 0 rg BT 286.71 651.40 Td (entered ) Tj ET Q q 0 0 0 rg BT 328.00 651.40 Td (into ) Tj ET Q q 0 0 0 rg BT 349.71 651.40 Td (with ) Tj ET Q q 0 0 0 rg BT 373.26 651.40 Td (a ) Tj ET Q q 0 0 0 rg BT 383.35 651.40 Td (third ) Tj ET Q q 0 0 0 rg BT 408.73 651.40 Td (party ) Tj ET Q q 0 0 0 rg BT 437.17 651.40 Td (\(Purchaser\) ) Tj ET Q q 0 0 0 rg BT 505.94 651.40 Td (in ) Tj ET Q q 0 0 0 rg BT 518.48 651.40 Td (February ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 638.20 Td (2013. ) Tj ET Q q 0 0 0 rg BT 82.05 638.20 Td (Under ) Tj ET Q q 0 0 0 rg BT 117.03 638.20 Td (this ) Tj ET Q q 0 0 0 rg BT 139.17 638.20 Td (agreement, ) Tj ET Q q 0 0 0 rg BT 199.83 638.20 Td (Clean ) Tj ET Q q 0 0 0 rg BT 233.60 638.20 Td (Coal ) Tj ET Q q 0 0 0 rg BT 261.24 638.20 Td (received ) Tj ET Q q 0 0 0 rg BT 307.84 638.20 Td (prepaid ) Tj ET Q q 0 0 0 rg BT 349.56 638.20 Td (rents ) Tj ET Q q 0 0 0 rg BT 379.03 638.20 Td (from ) Tj ET Q q 0 0 0 rg BT 406.06 638.20 Td (the ) Tj ET Q q 0 0 0 rg BT 426.37 638.20 Td (Purchaser ) Tj ET Q q 0 0 0 rg BT 481.52 638.20 Td (which ) Tj ET Q q 0 0 0 rg BT 514.67 638.20 Td (are ) Tj ET Q q 0 0 0 rg BT 535.59 638.20 Td (being ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 625.00 Td (amortized ) Tj ET Q q 0 0 0 rg BT 100.58 625.00 Td (and ) Tj ET Q q 0 0 0 rg BT 121.71 625.00 Td (recognized ) Tj ET Q q 0 0 0 rg BT 178.30 625.00 Td (as ) Tj ET Q q 0 0 0 rg BT 192.70 625.00 Td (lease ) Tj ET Q q 0 0 0 rg BT 221.78 625.00 Td (revenue ) Tj ET Q q 0 0 0 rg BT 264.31 625.00 Td (over ) Tj ET Q q 0 0 0 rg BT 288.49 625.00 Td (a ) Tj ET Q q 0 0 0 rg BT 297.39 625.00 Td (36 ) Tj ET Q q 0 0 0 rg BT 312.40 625.00 Td (month ) Tj ET Q q 0 0 0 rg BT 345.76 625.00 Td (term. ) Tj ET Q q 0 0 0 rg BT 373.59 625.00 Td ( ) Tj ET Q q 0 0 0 rg BT 376.19 625.00 Td (This ) Tj ET Q q 0 0 0 rg BT 399.75 625.00 Td (agreement ) Tj ET Q q 0 0 0 rg BT 455.12 625.00 Td (provides ) Tj ET Q q 0 0 0 rg BT 499.48 625.00 Td (for ) Tj ET Q q 0 0 0 rg BT 515.10 625.00 Td (both ) Tj ET Q q 0 0 0 rg BT 539.29 625.00 Td (fixed ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 611.80 Td (and ) Tj ET Q q 0 0 0 rg BT 71.10 611.80 Td (contingent ) Tj ET Q q 0 0 0 rg BT 125.12 611.80 Td (lease ) Tj ET Q q 0 0 0 rg BT 154.67 611.80 Td (payments. ) Tj ET Q q 0 0 0 rg BT 208.66 611.80 Td ( ) Tj ET Q q 0 0 0 rg BT 211.27 611.80 Td (As ) Tj ET Q q 0 0 0 rg BT 227.36 611.80 Td (part ) Tj ET Q q 0 0 0 rg BT 249.56 611.80 Td (of ) Tj ET Q q 0 0 0 rg BT 261.99 611.80 Td (the ) Tj ET Q q 0 0 0 rg BT 280.53 611.80 Td (agreements ) Tj ET Q q 0 0 0 rg BT 341.87 611.80 Td (a ) Tj ET Q q 0 0 0 rg BT 351.24 611.80 Td (Put-Call ) Tj ET Q q 0 0 0 rg BT 392.97 611.80 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 450.03 611.80 Td (was ) Tj ET Q q 0 0 0 rg BT 472.84 611.80 Td (entered ) Tj ET Q q 0 0 0 rg BT 513.40 611.80 Td (into ) Tj ET Q q 0 0 0 rg BT 534.39 611.80 Td (which ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 598.60 Td (grants ) Tj ET Q q 0 0 0 rg BT 83.27 598.60 Td (the ) Tj ET Q q 0 0 0 rg BT 101.77 598.60 Td (Purchaser ) Tj ET Q q 0 0 0 rg BT 155.10 598.60 Td (the ) Tj ET Q q 0 0 0 rg BT 173.59 598.60 Td (option ) Tj ET Q q 0 0 0 rg BT 206.76 598.60 Td (to ) Tj ET Q q 0 0 0 rg BT 219.14 598.60 Td (put ) Tj ET Q q 0 0 0 rg BT 237.63 598.60 Td (the ) Tj ET Q q 0 0 0 rg BT 256.12 598.60 Td (RC ) Tj ET Q q 0 0 0 rg BT 275.21 598.60 Td (Facility ) Tj ET Q q 0 0 0 rg BT 312.64 598.60 Td (back ) Tj ET Q q 0 0 0 rg BT 339.07 598.60 Td (to ) Tj ET Q q 0 0 0 rg BT 351.45 598.60 Td (Clean ) Tj ET Q q 0 0 0 rg BT 383.39 598.60 Td (Coal ) Tj ET Q q 0 0 0 rg BT 409.21 598.60 Td (under ) Tj ET Q q 0 0 0 rg BT 440.55 598.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 476.76 598.60 Td (circumstances. ) Tj ET Q q 0 0 0 rg BT 553.32 598.60 Td (In ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 585.40 Td (October ) Tj ET Q q 0 0 0 rg BT 91.95 585.40 Td (2015 ) Tj ET Q q 0 0 0 rg BT 119.73 585.40 Td (Clean ) Tj ET Q q 0 0 0 rg BT 151.79 585.40 Td (Coal ) Tj ET Q q 0 0 0 rg BT 177.73 585.40 Td (was ) Tj ET Q q 0 0 0 rg BT 200.61 585.40 Td (notified ) Tj ET Q q 0 0 0 rg BT 239.40 585.40 Td (of ) Tj ET Q q 0 0 0 rg BT 251.89 585.40 Td (the ) Tj ET Q q 0 0 0 rg BT 270.50 585.40 Td (Purchaser) Tj ET Q q 0 0 0 rg BT 321.04 585.40 Td () Tj ET Q q 0 0 0 rg BT 323.29 585.40 Td (s ) Tj ET Q q 0 0 0 rg BT 332.10 585.40 Td (intent ) Tj ET Q q 0 0 0 rg BT 362.33 585.40 Td (to ) Tj ET Q q 0 0 0 rg BT 374.82 585.40 Td (put ) Tj ET Q q 0 0 0 rg BT 393.43 585.40 Td (the ) Tj ET Q q 0 0 0 rg BT 412.04 585.40 Td (RC ) Tj ET Q q 0 0 0 rg BT 431.24 585.40 Td (Facility ) Tj ET Q q 0 0 0 rg BT 468.79 585.40 Td (back ) Tj ET Q q 0 0 0 rg BT 495.34 585.40 Td (to ) Tj ET Q q 0 0 0 rg BT 507.83 585.40 Td (Clean ) Tj ET Q q 0 0 0 rg BT 539.89 585.40 Td (Coal ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 572.20 Td (ef) Tj ET Q q 0 0 0 rg BT 58.48 572.20 Td (fective ) Tj ET Q q 0 0 0 rg BT 93.11 572.20 Td (in ) Tj ET Q q 0 0 0 rg BT 103.96 572.20 Td (April ) Tj ET Q q 0 0 0 rg BT 128.81 572.20 Td (2016. ) Tj ET Q q 0 0 0 rg BT 158.62 572.20 Td (As ) Tj ET Q q 0 0 0 rg BT 174.30 572.20 Td (a ) Tj ET Q q 0 0 0 rg BT 183.27 572.20 Td (result ) Tj ET Q q 0 0 0 rg BT 213.01 572.20 Td (of ) Tj ET Q q 0 0 0 rg BT 225.03 572.20 Td (the ) Tj ET Q q 0 0 0 rg BT 243.17 572.20 Td (put, ) Tj ET Q q 0 0 0 rg BT 264.37 572.20 Td (no ) Tj ET Q q 0 0 0 rg BT 279.45 572.20 Td (additional ) Tj ET Q q 0 0 0 rg BT 329.39 572.20 Td (gain ) Tj ET Q q 0 0 0 rg BT 353.03 572.20 Td (or ) Tj ET Q q 0 0 0 rg BT 365.66 572.20 Td (loss ) Tj ET Q q 0 0 0 rg BT 388.07 572.20 Td (will ) Tj ET Q q 0 0 0 rg BT 406.19 572.20 Td (be ) Tj ET Q q 0 0 0 rg BT 421.28 572.20 Td (recognized ) Tj ET Q q 0 0 0 rg BT 477.94 572.20 Td (and ) Tj ET Q q 0 0 0 rg BT 499.14 572.20 Td (all ) Tj ET Q q 0 0 0 rg BT 512.99 572.20 Td (previously ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 559.00 Td (recognized ) Tj ET Q q 0 0 0 rg BT 106.37 559.00 Td (revenues ) Tj ET Q q 0 0 0 rg BT 154.68 559.00 Td (will ) Tj ET Q q 0 0 0 rg BT 173.01 559.00 Td (not ) Tj ET Q q 0 0 0 rg BT 191.36 559.00 Td (be ) Tj ET Q q 0 0 0 rg BT 206.65 559.00 Td (impacted.) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 533.80 Td (In ) Tj ET Q q 0 0 0 rg BT 61.55 533.80 Td (February ) Tj ET Q q 0 0 0 rg BT 108.45 533.80 Td (2014, ) Tj ET Q q 0 0 0 rg BT 138.85 533.80 Td (the ) Tj ET Q q 0 0 0 rg BT 157.02 533.80 Td (Company ) Tj ET Q q 0 0 0 rg BT 206.98 533.80 Td (sold ) Tj ET Q q 0 0 0 rg BT 230.04 533.80 Td (99.8% ) Tj ET Q q 0 0 0 rg BT 264.10 533.80 Td (of ) Tj ET Q q 0 0 0 rg BT 276.16 533.80 Td (the ) Tj ET Q q 0 0 0 rg BT 294.33 533.80 Td (member ) Tj ET Q q 0 0 0 rg BT 337.55 533.80 Td (interests ) Tj ET Q q 0 0 0 rg BT 382.00 533.80 Td (of ) Tj ET Q q 0 0 0 rg BT 394.05 533.80 Td (one ) Tj ET Q q 0 0 0 rg BT 415.28 533.80 Td (of ) Tj ET Q q 0 0 0 rg BT 427.33 533.80 Td (its ) Tj ET Q q 0 0 0 rg BT 441.21 533.80 Td (subsidiaries, ) Tj ET Q q 0 0 0 rg BT 505.23 533.80 Td (RCM6, ) Tj ET Q q 0 0 0 rg BT 542.33 533.80 Td (LLC ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 520.60 Td (\(RCM6\). ) Tj ET Q q 0 0 0 rg BT 101.49 520.60 Td ( ) Tj ET Q q 0 0 0 rg BT 104.60 520.60 Td (RCM6 ) Tj ET Q q 0 0 0 rg BT 138.88 520.60 Td (owns ) Tj ET Q q 0 0 0 rg BT 167.67 520.60 Td (a ) Tj ET Q q 0 0 0 rg BT 176.90 520.60 Td (single ) Tj ET Q q 0 0 0 rg BT 208.75 520.60 Td (RC ) Tj ET Q q 0 0 0 rg BT 227.75 520.60 Td (Facility) Tj ET Q q 0 0 0 rg BT 261.16 520.60 Td (. ) Tj ET Q q 0 0 0 rg BT 266.71 520.60 Td (A) Tj ET Q q 0 0 0 rg BT 273.44 520.60 Td ( ) Tj ET Q q 0 0 0 rg BT 276.55 520.60 Td (portion ) Tj ET Q q 0 0 0 rg BT 313.29 520.60 Td (\(49.9%\) ) Tj ET Q q 0 0 0 rg BT 354.92 520.60 Td (of ) Tj ET Q q 0 0 0 rg BT 367.21 520.60 Td (the ) Tj ET Q q 0 0 0 rg BT 385.61 520.60 Td (member ) Tj ET Q q 0 0 0 rg BT 429.06 520.60 Td (interests ) Tj ET Q q 0 0 0 rg BT 473.75 520.60 Td (was ) Tj ET Q q 0 0 0 rg BT 496.42 520.60 Td (purchased ) Tj ET Q q 0 0 0 rg BT 550.90 520.60 Td (by ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 507.40 Td (parties ) Tj ET Q q 0 0 0 rg BT 86.66 507.40 Td (related ) Tj ET Q q 0 0 0 rg BT 124.43 507.40 Td (to ) Tj ET Q q 0 0 0 rg BT 137.75 507.40 Td (or ) Tj ET Q q 0 0 0 rg BT 151.67 507.40 Td (controlled ) Tj ET Q q 0 0 0 rg BT 203.51 507.40 Td (by ) Tj ET Q q 0 0 0 rg BT 218.44 507.40 Td (ADA, ) Tj ET Q q 0 0 0 rg BT 248.26 507.40 Td (NexGen, ) Tj ET Q q 0 0 0 rg BT 295.81 507.40 Td (and ) Tj ET Q q 0 0 0 rg BT 318.30 507.40 Td (Republic ) Tj ET Q q 0 0 0 rg BT 365.24 507.40 Td (Financial ) Tj ET Q q 0 0 0 rg BT 413.41 507.40 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 475.02 507.40 Td (\(Republic\). ) Tj ET Q q 0 0 0 rg BT 539.68 507.40 Td ( ) Tj ET Q q 0 0 0 rg BT 543.55 507.40 Td (The ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 494.20 Td (remaining ) Tj ET Q q 0 0 0 rg BT 100.20 494.20 Td (49.9% ) Tj ET Q q 0 0 0 rg BT 133.79 494.20 Td (was ) Tj ET Q q 0 0 0 rg BT 155.76 494.20 Td (sold ) Tj ET Q q 0 0 0 rg BT 178.34 494.20 Td (to ) Tj ET Q q 0 0 0 rg BT 189.91 494.20 Td (an ) Tj ET Q q 0 0 0 rg BT 204.55 494.20 Td (unrelated ) Tj ET Q q 0 0 0 rg BT 252.82 494.20 Td (third ) Tj ET Q q 0 0 0 rg BT 276.62 494.20 Td (party) Tj ET Q q 0 0 0 rg BT 300.25 494.20 Td (. ) Tj ET Q q 0 0 0 rg BT 305.71 494.20 Td ( ) Tj ET Q q 0 0 0 rg BT 307.96 494.20 Td (The ) Tj ET Q q 0 0 0 rg BT 329.31 494.20 Td (sale ) Tj ET Q q 0 0 0 rg BT 351.89 494.20 Td (of ) Tj ET Q q 0 0 0 rg BT 363.47 494.20 Td (the ) Tj ET Q q 0 0 0 rg BT 381.16 494.20 Td (member ) Tj ET Q q 0 0 0 rg BT 423.90 494.20 Td (interests ) Tj ET Q q 0 0 0 rg BT 467.88 494.20 Td (in ) Tj ET Q q 0 0 0 rg BT 478.84 494.20 Td (RCM6 ) Tj ET Q q 0 0 0 rg BT 512.41 494.20 Td (was ) Tj ET Q q 0 0 0 rg BT 534.37 494.20 Td (under ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 481.00 Td (identical ) Tj ET Q q 0 0 0 rg BT 92.92 481.00 Td (terms ) Tj ET Q q 0 0 0 rg BT 123.47 481.00 Td (relative ) Tj ET Q q 0 0 0 rg BT 161.99 481.00 Td (to ) Tj ET Q q 0 0 0 rg BT 174.22 481.00 Td (their ) Tj ET Q q 0 0 0 rg BT 198.68 481.00 Td (proportionate ) Tj ET Q q 0 0 0 rg BT 266.56 481.00 Td (interests ) Tj ET Q q 0 0 0 rg BT 311.19 481.00 Td (for ) Tj ET Q q 0 0 0 rg BT 327.08 481.00 Td (all ) Tj ET Q q 0 0 0 rg BT 341.15 481.00 Td (purchasers. ) Tj ET Q q 0 0 0 rg BT 401.68 481.00 Td (However) Tj ET Q q 0 0 0 rg BT 444.47 481.00 Td (, ) Tj ET Q q 0 0 0 rg BT 450.59 481.00 Td (based ) Tj ET Q q 0 0 0 rg BT 483.61 481.00 Td (upon ) Tj ET Q q 0 0 0 rg BT 511.14 481.00 Td (the ) Tj ET Q q 0 0 0 rg BT 529.49 481.00 Td (criteria ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 467.80 Td (set ) Tj ET Q q 0 0 0 rg BT 66.78 467.80 Td (forth ) Tj ET Q q 0 0 0 rg BT 91.39 467.80 Td (in ) Tj ET Q q 0 0 0 rg BT 102.04 467.80 Td (ASC ) Tj ET Q q 0 0 0 rg BT 127.26 467.80 Td (810 ) Tj ET Q q 0 0 0 rg BT 148.21 467.80 Td (- ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 154.48 467.80 Td (Consolidatio) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 215.02 467.80 Td (n, ) Tj ET Q q 0 0 0 rg BT 226.79 467.80 Td (the ) Tj ET Q q 0 0 0 rg BT 244.69 467.80 Td (Company ) Tj ET Q q 0 0 0 rg BT 294.37 467.80 Td (has ) Tj ET Q q 0 0 0 rg BT 314.70 467.80 Td (determined ) Tj ET Q q 0 0 0 rg BT 372.34 467.80 Td (that ) Tj ET Q q 0 0 0 rg BT 393.29 467.80 Td (it ) Tj ET Q q 0 0 0 rg BT 401.39 467.80 Td (is ) Tj ET Q q 0 0 0 rg BT 411.94 467.80 Td (the ) Tj ET Q q 0 0 0 rg BT 429.83 467.80 Td (primary ) Tj ET Q q 0 0 0 rg BT 469.10 467.80 Td (beneficiary ) Tj ET Q q 0 0 0 rg BT 524.90 467.80 Td (in ) Tj ET Q q 0 0 0 rg BT 536.06 467.80 Td (a ) Tj ET Q q 0 0 0 rg BT 544.79 467.80 Td (VIE ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 454.60 Td (for ) Tj ET Q q 0 0 0 rg BT 64.99 454.60 Td (the ) Tj ET Q q 0 0 0 rg BT 82.94 454.60 Td (years ) Tj ET Q q 0 0 0 rg BT 112.50 454.60 Td (ended ) Tj ET Q q 0 0 0 rg BT 145.74 454.60 Td (December ) Tj ET Q q 0 0 0 rg BT 199.14 454.60 Td (31, ) Tj ET Q q 0 0 0 rg BT 217.08 454.60 Td (2015 ) Tj ET Q q 0 0 0 rg BT 244.21 454.60 Td (and ) Tj ET Q q 0 0 0 rg BT 265.22 454.60 Td (2014, ) Tj ET Q q 0 0 0 rg BT 295.40 454.60 Td (respectively) Tj ET Q q 0 0 0 rg BT 352.67 454.60 Td (. ) Tj ET Q q 0 0 0 rg BT 358.38 454.60 Td ( ) Tj ET Q q 0 0 0 rg BT 360.51 454.60 Td (As ) Tj ET Q q 0 0 0 rg BT 376.00 454.60 Td (such, ) Tj ET Q q 0 0 0 rg BT 404.95 454.60 Td (the ) Tj ET Q q 0 0 0 rg BT 422.90 454.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 465.91 454.60 Td (results ) Tj ET Q q 0 0 0 rg BT 500.96 454.60 Td (of ) Tj ET Q q 0 0 0 rg BT 512.79 454.60 Td (RCM6 ) Tj ET Q q 0 0 0 rg BT 546.62 454.60 Td (are ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 441.40 Td (required ) Tj ET Q q 0 0 0 rg BT 92.26 441.40 Td (to ) Tj ET Q q 0 0 0 rg BT 103.84 441.40 Td (be ) Tj ET Q q 0 0 0 rg BT 118.48 441.40 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 182.65 441.40 Td (with ) Tj ET Q q 0 0 0 rg BT 204.62 441.40 Td (the ) Tj ET Q q 0 0 0 rg BT 222.31 441.40 Td (results ) Tj ET Q q 0 0 0 rg BT 257.11 441.40 Td (of ) Tj ET Q q 0 0 0 rg BT 268.69 441.40 Td (the ) Tj ET Q q 0 0 0 rg BT 286.39 441.40 Td (Company ) Tj ET Q q 0 0 0 rg BT 335.87 441.40 Td (and ) Tj ET Q q 0 0 0 rg BT 356.62 441.40 Td (are ) Tj ET Q q 0 0 0 rg BT 374.93 441.40 Td (presented ) Tj ET Q q 0 0 0 rg BT 426.26 441.40 Td (as ) Tj ET Q q 0 0 0 rg BT 440.28 441.40 Td (Noncontrolling ) Tj ET Q q 0 0 0 rg BT 516.66 441.40 Td (Interests ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 428.20 Td (within ) Tj ET Q q 0 0 0 rg BT 80.68 428.20 Td (the ) Tj ET Q q 0 0 0 rg BT 99.03 428.20 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 163.85 428.20 Td (financial ) Tj ET Q q 0 0 0 rg BT 207.27 428.20 Td (statements ) Tj ET Q q 0 0 0 rg BT 264.12 428.20 Td (\(see ) Tj ET Q q 0 0 0 rg BT 288.58 428.20 Td (Note ) Tj ET Q q 0 0 0 rg BT 314.87 428.20 Td (5\). ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 403.00 Td (Under ) Tj ET Q q 0 0 0 rg BT 82.28 403.00 Td (the ) Tj ET Q q 0 0 0 rg BT 100.39 403.00 Td (RCM6 ) Tj ET Q q 0 0 0 rg BT 134.38 403.00 Td (Member ) Tj ET Q q 0 0 0 rg BT 177.54 403.00 Td (Interest ) Tj ET Q q 0 0 0 rg BT 217.05 403.00 Td (Purchase ) Tj ET Q q 0 0 0 rg BT 265.78 403.00 Td (Agreements ) Tj ET Q q 0 0 0 rg BT 327.91 403.00 Td (\(MIP) Tj ET Q q 0 0 0 rg BT 353.97 403.00 Td (A\), ) Tj ET Q q 0 0 0 rg BT 374.51 403.00 Td (the ) Tj ET Q q 0 0 0 rg BT 392.62 403.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 442.52 403.00 Td (received ) Tj ET Q q 0 0 0 rg BT 486.92 403.00 Td (prepayments ) Tj ET Q q 0 0 0 rg BT 553.33 403.00 Td (at ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 389.80 Td (closing ) Tj ET Q q 0 0 0 rg BT 86.33 389.80 Td (which ) Tj ET Q q 0 0 0 rg BT 117.04 389.80 Td (are ) Tj ET Q q 0 0 0 rg BT 135.53 389.80 Td (to ) Tj ET Q q 0 0 0 rg BT 147.30 389.80 Td (be ) Tj ET Q q 0 0 0 rg BT 162.12 389.80 Td (amortized ) Tj ET Q q 0 0 0 rg BT 213.01 389.80 Td (through ) Tj ET Q q 0 0 0 rg BT 252.91 389.80 Td (the ) Tj ET Q q 0 0 0 rg BT 270.79 389.80 Td (first ) Tj ET Q q 0 0 0 rg BT 291.10 389.80 Td (quarter ) Tj ET Q q 0 0 0 rg BT 328.54 389.80 Td (of ) Tj ET Q q 0 0 0 rg BT 340.31 389.80 Td (2017. ) Tj ET Q q 0 0 0 rg BT 370.42 389.80 Td ( ) Tj ET Q q 0 0 0 rg BT 372.85 389.80 Td (The ) Tj ET Q q 0 0 0 rg BT 394.39 389.80 Td (agreement ) Tj ET Q q 0 0 0 rg BT 449.57 389.80 Td (calls ) Tj ET Q q 0 0 0 rg BT 474.17 389.80 Td (for ) Tj ET Q q 0 0 0 rg BT 489.59 389.80 Td (additional ) Tj ET Q q 0 0 0 rg BT 539.28 389.80 Td (fixed ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 376.60 Td (and ) Tj ET Q q 0 0 0 rg BT 71.09 376.60 Td (contingent ) Tj ET Q q 0 0 0 rg BT 125.08 376.60 Td (payments ) Tj ET Q q 0 0 0 rg BT 176.01 376.60 Td (to ) Tj ET Q q 0 0 0 rg BT 188.41 376.60 Td (be ) Tj ET Q q 0 0 0 rg BT 203.88 376.60 Td (made ) Tj ET Q q 0 0 0 rg BT 234.63 376.60 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 280.66 376.60 Td (by ) Tj ET Q q 0 0 0 rg BT 295.52 376.60 Td (the ) Tj ET Q q 0 0 0 rg BT 314.04 376.60 Td (members ) Tj ET Q q 0 0 0 rg BT 363.12 376.60 Td (of ) Tj ET Q q 0 0 0 rg BT 375.53 376.60 Td (RCM6 ) Tj ET Q q 0 0 0 rg BT 409.93 376.60 Td (through ) Tj ET Q q 0 0 0 rg BT 450.47 376.60 Td (2021. ) Tj ET Q q 0 0 0 rg BT 481.02 376.60 Td (These ) Tj ET Q q 0 0 0 rg BT 514.83 376.60 Td (payments ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 363.40 Td (are ) Tj ET Q q 0 0 0 rg BT 68.45 363.40 Td (recorded ) Tj ET Q q 0 0 0 rg BT 114.93 363.40 Td (as ) Tj ET Q q 0 0 0 rg BT 129.60 363.40 Td (leasing ) Tj ET Q q 0 0 0 rg BT 167.51 363.40 Td (revenues ) Tj ET Q q 0 0 0 rg BT 215.82 363.40 Td (in ) Tj ET Q q 0 0 0 rg BT 227.44 363.40 Td (the ) Tj ET Q q 0 0 0 rg BT 245.79 363.40 Td (Company) Tj ET Q q 0 0 0 rg BT 295.11 363.40 Td (s ) Tj ET Q q 0 0 0 rg BT 303.67 363.40 Td (financial ) Tj ET Q q 0 0 0 rg BT 347.08 363.40 Td (statements. ) Tj ET Q q 0 0 0 rg BT 406.99 363.40 Td ( ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 338.20 Td (Simultaneously ) Tj ET Q q 0 0 0 rg BT 127.23 338.20 Td (with ) Tj ET Q q 0 0 0 rg BT 149.93 338.20 Td (the ) Tj ET Q q 0 0 0 rg BT 168.37 338.20 Td (sale ) Tj ET Q q 0 0 0 rg BT 191.68 338.20 Td (of ) Tj ET Q q 0 0 0 rg BT 204.00 338.20 Td (the ) Tj ET Q q 0 0 0 rg BT 222.43 338.20 Td (member ) Tj ET Q q 0 0 0 rg BT 265.91 338.20 Td (interests, ) Tj ET Q q 0 0 0 rg BT 313.68 338.20 Td (RCM6 ) Tj ET Q q 0 0 0 rg BT 347.99 338.20 Td (entered ) Tj ET Q q 0 0 0 rg BT 388.43 338.20 Td (into ) Tj ET Q q 0 0 0 rg BT 409.31 338.20 Td (agreements ) Tj ET Q q 0 0 0 rg BT 470.54 338.20 Td (for ) Tj ET Q q 0 0 0 rg BT 486.51 338.20 Td (the ) Tj ET Q q 0 0 0 rg BT 504.95 338.20 Td (purchase ) Tj ET Q q 0 0 0 rg BT 553.34 338.20 Td (of ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 325.00 Td (feedstock ) Tj ET Q q 0 0 0 rg BT 98.13 325.00 Td (coal, ) Tj ET Q q 0 0 0 rg BT 122.91 325.00 Td (the ) Tj ET Q q 0 0 0 rg BT 139.75 325.00 Td (sale ) Tj ET Q q 0 0 0 rg BT 161.48 325.00 Td (of ) Tj ET Q q 0 0 0 rg BT 172.20 325.00 Td (refined ) Tj ET Q q 0 0 0 rg BT 207.38 325.00 Td (coal, ) Tj ET Q q 0 0 0 rg BT 232.16 325.00 Td (the ) Tj ET Q q 0 0 0 rg BT 249.00 325.00 Td (provision ) Tj ET Q q 0 0 0 rg BT 294.57 325.00 Td (of ) Tj ET Q q 0 0 0 rg BT 305.29 325.00 Td (coal ) Tj ET Q q 0 0 0 rg BT 327.02 325.00 Td (yard ) Tj ET Q q 0 0 0 rg BT 349.96 325.00 Td (services ) Tj ET Q q 0 0 0 rg BT 391.85 325.00 Td (and ) Tj ET Q q 0 0 0 rg BT 411.75 325.00 Td (site ) Tj ET Q q 0 0 0 rg BT 430.42 325.00 Td (licenses ) Tj ET Q q 0 0 0 rg BT 471.71 325.00 Td (\(the ) Tj ET Q q 0 0 0 rg BT 492.21 325.00 Td (Agreements\) ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 311.80 Td (with ) Tj ET Q q 0 0 0 rg BT 72.17 311.80 Td (a ) Tj ET Q q 0 0 0 rg BT 81.39 311.80 Td (Generator) Tj ET Q q 0 0 0 rg BT 130.31 311.80 Td (. ) Tj ET Q q 0 0 0 rg BT 136.47 311.80 Td ( ) Tj ET Q q 0 0 0 rg BT 139.37 311.80 Td (These ) Tj ET Q q 0 0 0 rg BT 172.43 311.80 Td (Agreements ) Tj ET Q q 0 0 0 rg BT 234.84 311.80 Td (are ) Tj ET Q q 0 0 0 rg BT 253.84 311.80 Td (required ) Tj ET Q q 0 0 0 rg BT 297.31 311.80 Td (for ) Tj ET Q q 0 0 0 rg BT 313.25 311.80 Td (the ) Tj ET Q q 0 0 0 rg BT 331.64 311.80 Td (on-going ) Tj ET Q q 0 0 0 rg BT 377.56 311.80 Td (production ) Tj ET Q q 0 0 0 rg BT 432.03 311.80 Td (of ) Tj ET Q q 0 0 0 rg BT 444.31 311.80 Td (refined ) Tj ET Q q 0 0 0 rg BT 481.05 311.80 Td (coal ) Tj ET Q q 0 0 0 rg BT 504.33 311.80 Td (by ) Tj ET Q q 0 0 0 rg BT 519.05 311.80 Td (RCM6 ) Tj ET Q q 0 0 0 rg BT 553.32 311.80 Td (at ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 298.60 Td (its ) Tj ET Q q 0 0 0 rg BT 64.97 298.60 Td (current ) Tj ET Q q 0 0 0 rg BT 103.68 298.60 Td (location. ) Tj ET Q q 0 0 0 rg BT 149.12 298.60 Td ( ) Tj ET Q q 0 0 0 rg BT 153.59 298.60 Td (Under ) Tj ET Q q 0 0 0 rg BT 188.03 298.60 Td (these ) Tj ET Q q 0 0 0 rg BT 218.52 298.60 Td (Agreements, ) Tj ET Q q 0 0 0 rg BT 285.36 298.60 Td (the ) Tj ET Q q 0 0 0 rg BT 305.12 298.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 356.67 298.60 Td (also ) Tj ET Q q 0 0 0 rg BT 381.32 298.60 Td (entered ) Tj ET Q q 0 0 0 rg BT 423.10 298.60 Td (into ) Tj ET Q q 0 0 0 rg BT 445.31 298.60 Td (a ) Tj ET Q q 0 0 0 rg BT 455.90 298.60 Td (guarantee ) Tj ET Q q 0 0 0 rg BT 509.91 298.60 Td (agreement ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 285.40 Td (whereby ) Tj ET Q q 0 0 0 rg BT 93.88 285.40 Td (Clean ) Tj ET Q q 0 0 0 rg BT 125.43 285.40 Td (Coal ) Tj ET Q q 0 0 0 rg BT 150.86 285.40 Td (guaranteed, ) Tj ET Q q 0 0 0 rg BT 212.39 285.40 Td (on ) Tj ET Q q 0 0 0 rg BT 227.43 285.40 Td (behalf ) Tj ET Q q 0 0 0 rg BT 260.21 285.40 Td (of ) Tj ET Q q 0 0 0 rg BT 272.19 285.40 Td (RCM6, ) Tj ET Q q 0 0 0 rg BT 309.22 285.40 Td ($15.0 ) Tj ET Q q 0 0 0 rg BT 339.55 285.40 Td (million ) Tj ET Q q 0 0 0 rg BT 373.53 285.40 Td (of ) Tj ET Q q 0 0 0 rg BT 385.52 285.40 Td (its ) Tj ET Q q 0 0 0 rg BT 399.32 285.40 Td (obligations ) Tj ET Q q 0 0 0 rg BT 454.72 285.40 Td (under ) Tj ET Q q 0 0 0 rg BT 485.66 285.40 Td (the ) Tj ET Q q 0 0 0 rg BT 503.21 285.40 Td (Agreements ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 272.20 Td (\(Guarantee ) Tj ET Q q 0 0 0 rg BT 111.39 272.20 Td (Agreement\), ) Tj ET Q q 0 0 0 rg BT 178.81 272.20 Td (including ) Tj ET Q q 0 0 0 rg BT 225.46 272.20 Td (payment ) Tj ET Q q 0 0 0 rg BT 270.88 272.20 Td (obligations ) Tj ET Q q 0 0 0 rg BT 326.70 272.20 Td (and ) Tj ET Q q 0 0 0 rg BT 348.28 272.20 Td (obligations ) Tj ET Q q 0 0 0 rg BT 404.10 272.20 Td (to ) Tj ET Q q 0 0 0 rg BT 416.50 272.20 Td (indemnify ) Tj ET Q q 0 0 0 rg BT 466.81 272.20 Td (the ) Tj ET Q q 0 0 0 rg BT 485.33 272.20 Td (Generator) Tj ET Q q 0 0 0 rg BT 534.25 272.20 Td (. ) Tj ET Q q 0 0 0 rg BT 540.53 272.20 Td ( ) Tj ET Q q 0 0 0 rg BT 543.55 272.20 Td (The ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 259.00 Td (Guarantee ) Tj ET Q q 0 0 0 rg BT 103.93 259.00 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 160.79 259.00 Td (expires ) Tj ET Q q 0 0 0 rg BT 199.31 259.00 Td (six ) Tj ET Q q 0 0 0 rg BT 215.81 259.00 Td (years ) Tj ET Q q 0 0 0 rg BT 245.77 259.00 Td (after ) Tj ET Q q 0 0 0 rg BT 270.83 259.00 Td (the ) Tj ET Q q 0 0 0 rg BT 289.18 259.00 Td (expiration ) Tj ET Q q 0 0 0 rg BT 339.93 259.00 Td (of ) Tj ET Q q 0 0 0 rg BT 352.16 259.00 Td (the ) Tj ET Q q 0 0 0 rg BT 369.90 259.00 Td (Agreements.) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 233.80 Td (Future minimum RC Facility lease revenues do not include contingent lease amounts which are based on ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 220.60 Td (the levels of refined coal production. ) Tj ET Q q 0 0 0 rg BT 228.46 220.60 Td (The following is a schedule of annually renewable fixed lease ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 207.40 Td (payments to be paid by lessees to the Company through December 31, 2021, assuming no modifications ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 194.20 Td (of leases, non-renewals or early lease terminations:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360.5 80.5 m 450.5 80.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360.5 66.5 m 450.5 66.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360.5 64.5 m 450.5 64.5 l s BT /F6 11.00 Tf ET q 0 0 0 rg BT 163.00 159.99 Td (2016) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 363.00 159.99 Td ($) Tj ET Q BT 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455.80 Td (defaulting ) Tj ET Q q 0 0 0 rg BT 273.06 455.80 Td (member ) Tj ET Q q 0 0 0 rg BT 315.71 455.80 Td (or ) Tj ET Q q 0 0 0 rg BT 327.79 455.80 Td (sue ) Tj ET Q q 0 0 0 rg BT 347.83 455.80 Td (for ) Tj ET Q q 0 0 0 rg BT 362.97 455.80 Td (the ) Tj ET Q q 0 0 0 rg BT 380.56 455.80 Td (amount ) Tj ET Q q 0 0 0 rg BT 419.55 455.80 Td (due ) Tj ET Q q 0 0 0 rg BT 440.20 455.80 Td (and/or ) Tj ET Q q 0 0 0 rg BT 473.69 455.80 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 488.21 455.80 Td (elect ) Tj ET Q q 0 0 0 rg BT 513.75 455.80 Td (to ) Tj ET Q q 0 0 0 rg BT 525.22 455.80 Td (transfer ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 442.60 Td (the ) Tj ET Q q 0 0 0 rg BT 67.85 442.60 Td (defaulting ) Tj ET Q q 0 0 0 rg BT 118.61 442.60 Td (member) Tj ET Q q 0 0 0 rg BT 159.36 442.60 Td () Tj ET Q q 0 0 0 rg BT 161.61 442.60 Td (s ) Tj ET Q q 0 0 0 rg BT 170.16 442.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 209.29 442.60 Td (to ) Tj ET Q q 0 0 0 rg BT 221.52 442.60 Td (a ) Tj ET Q q 0 0 0 rg BT 230.69 442.60 Td (separate ) Tj ET Q q 0 0 0 rg BT 276.56 442.60 Td (legal ) Tj ET Q q 0 0 0 rg BT 302.85 442.60 Td (entity ) Tj ET Q q 0 0 0 rg BT 332.20 442.60 Td (controlled ) Tj ET Q q 0 0 0 rg BT 382.95 442.60 Td (by ) Tj ET Q q 0 0 0 rg BT 397.63 442.60 Td (the ) Tj ET Q q 0 0 0 rg BT 415.98 442.60 Td (Manager) Tj ET Q q 0 0 0 rg BT 458.78 442.60 Td (.) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 417.40 Td (Under ) Tj ET Q q 0 0 0 rg BT 82.74 417.40 Td (the ) Tj ET Q q 0 0 0 rg BT 101.31 417.40 Td (provisions ) Tj ET Q q 0 0 0 rg BT 154.12 417.40 Td (of ) Tj ET Q q 0 0 0 rg BT 166.57 417.40 Td (the ) Tj ET Q q 0 0 0 rg BT 184.49 417.40 Td (Amended ) Tj ET Q q 0 0 0 rg BT 234.86 417.40 Td (and ) Tj ET Q q 0 0 0 rg BT 256.50 417.40 Td (Restated ) Tj ET Q q 0 0 0 rg BT 303.81 417.40 Td (Limited ) Tj ET Q q 0 0 0 rg BT 342.55 417.40 Td (Liability ) Tj ET Q q 0 0 0 rg BT 382.51 417.40 Td (Company ) Tj ET Q q 0 0 0 rg BT 432.22 417.40 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 489.31 417.40 Td (of ) Tj ET Q q 0 0 0 rg BT 501.76 417.40 Td (RCM6, ) Tj ET Q q 0 0 0 rg BT 539.27 417.40 Td (LLC, ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 404.20 Td (the ) Tj ET Q q 0 0 0 rg BT 66.79 404.20 Td (operations ) Tj ET Q q 0 0 0 rg BT 120.16 404.20 Td (of ) Tj ET Q q 0 0 0 rg BT 131.33 404.20 Td (RCM6 ) Tj ET Q q 0 0 0 rg BT 164.50 404.20 Td (will ) Tj ET Q q 0 0 0 rg BT 181.77 404.20 Td (terminate ) Tj ET Q q 0 0 0 rg BT 229.62 404.20 Td (on ) Tj ET Q q 0 0 0 rg BT 243.85 404.20 Td (December ) Tj ET Q q 0 0 0 rg BT 296.59 404.20 Td (31, ) Tj ET Q q 0 0 0 rg BT 313.88 404.20 Td (2022 ) Tj ET Q q 0 0 0 rg BT 340.35 404.20 Td (unless ) Tj ET Q q 0 0 0 rg BT 374.15 404.20 Td (terminated ) Tj ET Q q 0 0 0 rg BT 428.11 404.20 Td (earlier ) Tj ET Q q 0 0 0 rg BT 460.68 404.20 Td (by ) Tj ET Q q 0 0 0 rg BT 474.29 404.20 Td (unanimous ) Tj ET Q q 0 0 0 rg BT 530.11 404.20 Td (written ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 391.00 Td (consent ) Tj ET Q q 0 0 0 rg BT 92.23 391.00 Td (of ) Tj ET Q q 0 0 0 rg BT 105.61 391.00 Td (the ) Tj ET Q q 0 0 0 rg BT 125.10 391.00 Td (members ) Tj ET Q q 0 0 0 rg BT 175.15 391.00 Td (or ) Tj ET Q q 0 0 0 rg BT 189.13 391.00 Td (upon ) Tj ET Q q 0 0 0 rg BT 217.81 391.00 Td (written ) Tj ET Q q 0 0 0 rg BT 254.41 391.00 Td (election ) Tj ET Q q 0 0 0 rg BT 296.53 391.00 Td (of ) Tj ET Q q 0 0 0 rg BT 309.91 391.00 Td (members ) Tj ET Q q 0 0 0 rg BT 359.95 391.00 Td (holding ) Tj ET Q q 0 0 0 rg BT 399.63 391.00 Td (40% ) Tj ET Q q 0 0 0 rg BT 425.85 391.00 Td (or ) Tj ET Q q 0 0 0 rg BT 439.83 391.00 Td (more ) Tj ET Q q 0 0 0 rg BT 469.10 391.00 Td (of ) Tj ET Q q 0 0 0 rg BT 482.48 391.00 Td (the ) Tj ET Q q 0 0 0 rg BT 501.97 391.00 Td (membership ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 377.80 Td (interests ) Tj ET Q q 0 0 0 rg BT 94.13 377.80 Td (upon ) Tj ET Q q 0 0 0 rg BT 121.66 377.80 Td (the ) Tj ET Q q 0 0 0 rg BT 140.00 377.80 Td (termination ) Tj ET Q q 0 0 0 rg BT 197.47 377.80 Td (of ) Tj ET Q q 0 0 0 rg BT 209.70 377.80 Td (the ) Tj ET Q q 0 0 0 rg BT 228.05 377.80 Td (refined ) Tj ET Q q 0 0 0 rg BT 264.74 377.80 Td (coal ) Tj ET Q q 0 0 0 rg BT 287.98 377.80 Td (sales ) Tj ET Q q 0 0 0 rg BT 316.71 377.80 Td (agreement ) Tj ET Q q 0 0 0 rg BT 372.36 377.80 Td (between ) Tj ET Q q 0 0 0 rg BT 417.00 377.80 Td (the ) Tj ET Q q 0 0 0 rg BT 435.35 377.80 Td (Generator ) Tj ET Q q 0 0 0 rg BT 487.93 377.80 Td (and ) Tj ET Q q 0 0 0 rg BT 509.34 377.80 Td (RCM6.) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 351.40 Td (Ef) Tj ET Q q 0 0 0 rg BT 59.69 351.40 Td (fective ) Tj ET Q q 0 0 0 rg BT 94.38 351.40 Td (in ) Tj ET Q q 0 0 0 rg BT 105.83 351.40 Td (January ) Tj ET Q q 0 0 0 rg BT 147.86 351.40 Td (2016 ) Tj ET Q q 0 0 0 rg BT 175.23 351.40 Td (the ) Tj ET Q q 0 0 0 rg BT 193.41 351.40 Td (RCM6 ) Tj ET Q q 0 0 0 rg BT 227.47 351.40 Td (Limited ) Tj ET Q q 0 0 0 rg BT 265.83 351.40 Td (Liability ) Tj ET Q q 0 0 0 rg BT 304.83 351.40 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 361.53 351.40 Td (\(LLC ) Tj ET Q q 0 0 0 rg BT 391.36 351.40 Td (Agreement\) ) Tj ET Q q 0 0 0 rg BT 455.38 351.40 Td (was ) Tj ET Q q 0 0 0 rg BT 477.84 351.40 Td (amended. ) Tj ET Q q 0 0 0 rg BT 529.66 351.40 Td ( ) Tj ET Q q 0 0 0 rg BT 532.55 351.40 Td (Under ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 338.20 Td (the ) Tj ET Q q 0 0 0 rg BT 68.25 338.20 Td (amended ) Tj ET Q q 0 0 0 rg BT 117.57 338.20 Td (LLC ) Tj ET Q q 0 0 0 rg BT 140.52 338.20 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 197.78 338.20 Td (certain ) Tj ET Q q 0 0 0 rg BT 234.25 338.20 Td (additional ) Tj ET Q q 0 0 0 rg BT 284.80 338.20 Td (capital ) Tj ET Q q 0 0 0 rg BT 320.05 338.20 Td (call ) Tj ET Q q 0 0 0 rg BT 340.01 338.20 Td (limitations ) Tj ET Q q 0 0 0 rg BT 392.37 338.20 Td (were ) Tj ET Q q 0 0 0 rg BT 419.67 338.20 Td (added, ) Tj ET Q q 0 0 0 rg BT 456.76 338.20 Td (requiring ) Tj ET Q q 0 0 0 rg BT 503.02 338.20 Td (RCM6 ) Tj ET Q q 0 0 0 rg BT 537.64 338.20 Td (to ) Tj ET Q q 0 0 0 rg BT 550.27 338.20 Td (be ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 325.00 Td (limited ) Tj ET Q q 0 0 0 rg BT 84.34 325.00 Td (to ) Tj ET Q q 0 0 0 rg BT 96.57 325.00 Td (calling ) Tj ET Q q 0 0 0 rg BT 130.81 325.00 Td (capital ) Tj ET Q q 0 0 0 rg BT 165.67 325.00 Td (if ) Tj ET Q q 0 0 0 rg BT 174.22 325.00 Td (certain ) Tj ET Q q 0 0 0 rg BT 210.29 325.00 Td (operational ) Tj ET Q q 0 0 0 rg BT 267.78 325.00 Td (costs ) Tj ET Q q 0 0 0 rg BT 296.51 325.00 Td (are ) Tj ET Q q 0 0 0 rg BT 315.47 325.00 Td (exceeded. ) Tj ET Q q 0 0 0 rg BT 369.28 325.00 Td ( ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 299.80 Td (Additionally ) Tj ET Q q 0 0 0 rg BT 108.75 299.80 Td (in ) Tj ET Q q 0 0 0 rg BT 120.30 299.80 Td (March ) Tj ET Q q 0 0 0 rg BT 153.85 299.80 Td (2016, ) Tj ET Q q 0 0 0 rg BT 184.36 299.80 Td (one ) Tj ET Q q 0 0 0 rg BT 205.70 299.80 Td (of ) Tj ET Q q 0 0 0 rg BT 217.87 299.80 Td (the ) Tj ET Q q 0 0 0 rg BT 236.15 299.80 Td (members ) Tj ET Q q 0 0 0 rg BT 284.98 299.80 Td (of ) Tj ET Q q 0 0 0 rg BT 297.14 299.80 Td (RCM6 ) Tj ET Q q 0 0 0 rg BT 331.30 299.80 Td (purchased ) Tj ET Q q 0 0 0 rg BT 385.66 299.80 Td (the ) Tj ET Q q 0 0 0 rg BT 403.94 299.80 Td (interests ) Tj ET Q q 0 0 0 rg BT 448.50 299.80 Td (held ) Tj ET Q q 0 0 0 rg BT 472.28 299.80 Td (by ) Tj ET Q q 0 0 0 rg BT 486.89 299.80 Td (two ) Tj ET Q q 0 0 0 rg BT 507.00 299.80 Td (of ) Tj ET Q q 0 0 0 rg BT 519.16 299.80 Td (the ) Tj ET Q q 0 0 0 rg BT 537.44 299.80 Td (other ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 286.60 Td (members. ) Tj ET Q q 0 0 0 rg BT 100.58 286.60 Td ( ) Tj ET Q q 0 0 0 rg BT 102.63 286.60 Td (The ) Tj ET Q q 0 0 0 rg BT 123.77 286.60 Td (member ) Tj ET Q q 0 0 0 rg BT 166.30 286.60 Td (purchase ) Tj ET Q q 0 0 0 rg BT 213.73 286.60 Td (transaction ) Tj ET Q q 0 0 0 rg BT 269.73 286.60 Td (did ) Tj ET Q q 0 0 0 rg BT 286.59 286.60 Td (not ) Tj ET Q q 0 0 0 rg BT 304.07 286.60 Td (impact ) Tj ET Q q 0 0 0 rg BT 338.66 286.60 Td (the ) Tj ET Q q 0 0 0 rg BT 356.13 286.60 Td (consolidation ) Tj ET Q q 0 0 0 rg BT 422.53 286.60 Td (of ) Tj ET Q q 0 0 0 rg BT 433.89 286.60 Td (the ) Tj ET Q q 0 0 0 rg BT 451.37 286.60 Td (VIE ) Tj ET Q q 0 0 0 rg BT 471.28 286.60 Td (or ) Tj ET Q q 0 0 0 rg BT 483.25 286.60 Td (the ) Tj ET Q q 0 0 0 rg BT 500.73 286.60 Td (consolidated ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 273.40 Td (financial ) Tj ET Q q 0 0 0 rg BT 92.91 273.40 Td (statements ) Tj ET Q q 0 0 0 rg BT 149.77 273.40 Td (of ) Tj ET Q q 0 0 0 rg BT 162.00 273.40 Td (the ) Tj ET Q q 0 0 0 rg BT 180.35 273.40 Td (Company) Tj ET Q q 0 0 0 rg BT 226.61 273.40 Td (.) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 49.50 235.00 Td (NOTE ) Tj ET Q q 0 0 0 rg BT 83.11 235.00 Td (6 ) Tj ET Q q 0 0 0 rg BT 92.29 235.00 Td (- ) Tj ET Q q 0 0 0 rg BT 99.01 235.00 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 139.95 235.00 Td (P) Tj ET Q q 0 0 0 rg BT 146.48 235.00 Td (A) Tj ET Q q 0 0 0 rg BT 153.41 235.00 Td (Y) Tj ET Q q 0 0 0 rg BT 159.74 235.00 Td (ABLE) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 49.50 209.80 Td (Line ) Tj ET Q q 0 0 0 rg BT 73.35 209.80 Td (of ) Tj ET Q q 0 0 0 rg BT 85.58 209.80 Td (Credit ) Tj ET Q q 0 0 0 rg BT 117.98 209.80 Td (- ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 184.60 Td (In ) Tj ET Q q 0 0 0 rg BT 60.85 184.60 Td (December ) Tj ET Q q 0 0 0 rg BT 113.76 184.60 Td (2013, ) Tj ET Q q 0 0 0 rg BT 143.46 184.60 Td (the ) Tj ET Q q 0 0 0 rg BT 160.92 184.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 210.17 184.60 Td (entered ) Tj ET Q q 0 0 0 rg BT 249.65 184.60 Td (into ) Tj ET Q q 0 0 0 rg BT 269.55 184.60 Td (a ) Tj ET Q q 0 0 0 rg BT 277.84 184.60 Td (Revolving ) Tj ET Q q 0 0 0 rg BT 328.32 184.60 Td (Credit ) Tj ET Q q 0 0 0 rg BT 359.83 184.60 Td (and ) Tj ET Q q 0 0 0 rg BT 380.35 184.60 Td (Security ) Tj ET Q q 0 0 0 rg BT 421.83 184.60 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 477.81 184.60 Td (\(2013 ) Tj ET Q q 0 0 0 rg BT 511.78 184.60 Td (Revolver\) ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 171.40 Td (for ) Tj ET Q q 0 0 0 rg BT 65.29 171.40 Td ($5.0 ) Tj ET Q q 0 0 0 rg BT 89.66 171.40 Td (million ) Tj ET Q q 0 0 0 rg BT 123.78 171.40 Td (with ) Tj ET Q q 0 0 0 rg BT 146.30 171.40 Td (Colorado ) Tj ET Q q 0 0 0 rg BT 193.89 171.40 Td (Business ) Tj ET Q q 0 0 0 rg BT 241.48 171.40 Td (Bank ) Tj ET Q q 0 0 0 rg BT 269.51 171.40 Td (\(CBB\). ) Tj ET Q q 0 0 0 rg BT 305.46 171.40 Td ( ) Tj ET Q q 0 0 0 rg BT 308.23 171.40 Td (The ) Tj ET Q q 0 0 0 rg BT 330.14 171.40 Td (2013 ) Tj ET Q q 0 0 0 rg BT 357.56 171.40 Td (Revolver) Tj ET Q q 0 0 0 rg BT 400.36 171.40 Td (, ) Tj ET Q q 0 0 0 rg BT 406.37 171.40 Td (as ) Tj ET Q q 0 0 0 rg BT 420.94 171.40 Td (amended ) Tj ET Q q 0 0 0 rg BT 469.76 171.40 Td (in ) Tj ET Q q 0 0 0 rg BT 481.28 171.40 Td (December ) Tj ET Q q 0 0 0 rg BT 534.98 171.40 Td (2014, ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 158.20 Td (matures ) Tj ET Q q 0 0 0 rg BT 92.13 158.20 Td (on ) Tj ET Q q 0 0 0 rg BT 107.26 158.20 Td (December ) Tj ET Q q 0 0 0 rg BT 160.90 158.20 Td (31, ) Tj ET Q q 0 0 0 rg BT 179.08 158.20 Td (2016. ) Tj ET Q q 0 0 0 rg BT 209.50 158.20 Td ( ) Tj ET Q q 0 0 0 rg BT 212.40 158.20 Td (Interest ) Tj ET Q q 0 0 0 rg BT 251.98 158.20 Td (is ) Tj ET Q q 0 0 0 rg BT 262.82 158.20 Td (payable ) Tj ET Q q 0 0 0 rg BT 304.25 158.20 Td (at ) Tj ET Q q 0 0 0 rg BT 316.31 158.20 Td (maturity ) Tj ET Q q 0 0 0 rg BT 358.33 158.20 Td (and ) Tj ET Q q 0 0 0 rg BT 379.58 158.20 Td (is ) Tj ET Q q 0 0 0 rg BT 390.41 158.20 Td (accrued ) Tj ET Q q 0 0 0 rg BT 432.44 158.20 Td (at ) Tj ET Q q 0 0 0 rg BT 444.51 158.20 Td (the ) Tj ET Q q 0 0 0 rg BT 462.70 158.20 Td (greater ) Tj ET Q q 0 0 0 rg BT 500.45 158.20 Td (of ) Tj ET Q q 0 0 0 rg BT 512.52 158.20 Td (5.00% ) Tj ET Q q 0 0 0 rg BT 546.60 158.20 Td (per ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 145.00 Td (annum ) Tj ET Q q 0 0 0 rg BT 86.17 145.00 Td (or ) Tj ET Q q 0 0 0 rg BT 98.98 145.00 Td (the ) Tj ET Q q 0 0 0 rg BT 117.30 145.00 Td (bank) Tj ET Q q 0 0 0 rg BT 143.40 145.00 Td (s ) Tj ET Q q 0 0 0 rg BT 151.93 145.00 Td (prime ) Tj ET Q q 0 0 0 rg BT 182.47 145.00 Td (rate ) Tj ET Q q 0 0 0 rg BT 204.46 145.00 Td (plus ) Tj ET Q q 0 0 0 rg BT 227.67 145.00 Td (1.00%. ) Tj ET Q q 0 0 0 rg BT 264.95 145.00 Td ( ) Tj ET Q q 0 0 0 rg BT 267.98 145.00 Td (In ) Tj ET Q q 0 0 0 rg BT 280.19 145.00 Td (June ) Tj ET Q q 0 0 0 rg BT 307.07 145.00 Td (2015, ) Tj ET Q q 0 0 0 rg BT 337.63 145.00 Td (the ) Tj ET Q q 0 0 0 rg BT 355.95 145.00 Td (2013 ) Tj ET Q q 0 0 0 rg BT 383.46 145.00 Td (Revolver ) Tj ET Q q 0 0 0 rg BT 429.89 145.00 Td (was ) Tj ET Q q 0 0 0 rg BT 452.49 145.00 Td (amended ) Tj ET Q q 0 0 0 rg BT 501.39 145.00 Td (and ) Tj ET Q q 0 0 0 rg BT 522.77 145.00 Td (restated ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 131.80 Td (to ) Tj ET Q q 0 0 0 rg BT 61.27 131.80 Td (increase ) Tj ET Q q 0 0 0 rg BT 105.45 131.80 Td (the ) Tj ET Q q 0 0 0 rg BT 123.34 131.80 Td (size ) Tj ET Q q 0 0 0 rg BT 145.50 131.80 Td (of ) Tj ET Q q 0 0 0 rg BT 157.28 131.80 Td (the ) Tj ET Q q 0 0 0 rg BT 175.17 131.80 Td (facility ) Tj ET Q q 0 0 0 rg BT 208.33 131.80 Td (to ) Tj ET Q q 0 0 0 rg BT 220.10 131.80 Td ($20.0 ) Tj ET Q q 0 0 0 rg BT 250.23 131.80 Td (million. ) Tj ET Q q 0 0 0 rg BT 287.06 131.80 Td ( ) Tj ET Q q 0 0 0 rg BT 289.49 131.80 Td (The ) Tj ET Q q 0 0 0 rg BT 311.04 131.80 Td (interest ) Tj ET Q q 0 0 0 rg BT 349.71 131.80 Td (rate ) Tj ET Q q 0 0 0 rg BT 371.27 131.80 Td (was ) Tj ET Q q 0 0 0 rg BT 393.43 131.80 Td (modified ) Tj ET Q q 0 0 0 rg BT 437.61 131.80 Td (to ) Tj ET Q q 0 0 0 rg BT 449.38 131.80 Td (be ) Tj ET Q q 0 0 0 rg BT 464.22 131.80 Td (the ) Tj ET Q q 0 0 0 rg BT 482.11 131.80 Td (greater ) Tj ET Q q 0 0 0 rg BT 519.56 131.80 Td (of ) Tj ET Q q 0 0 0 rg BT 531.33 131.80 Td (5.50% ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 118.60 Td (or ) Tj ET Q q 0 0 0 rg BT 62.06 118.60 Td (the ) Tj ET Q q 0 0 0 rg BT 80.13 118.60 Td (bank) Tj ET Q q 0 0 0 rg BT 106.23 118.60 Td (s ) Tj ET Q q 0 0 0 rg BT 114.51 118.60 Td (prime ) Tj ET Q q 0 0 0 rg BT 144.79 118.60 Td (rate ) Tj ET Q q 0 0 0 rg BT 166.52 118.60 Td (plus ) Tj ET Q q 0 0 0 rg BT 189.48 118.60 Td (1.00%. ) Tj ET Q q 0 0 0 rg BT 226.51 118.60 Td ( ) Tj ET Q q 0 0 0 rg BT 229.11 118.60 Td (The ) Tj ET Q q 0 0 0 rg BT 250.84 118.60 Td (maturity ) Tj ET Q q 0 0 0 rg BT 292.74 118.60 Td (date ) Tj ET Q q 0 0 0 rg BT 316.92 118.60 Td (was ) Tj ET Q q 0 0 0 rg BT 339.26 118.60 Td (modified ) Tj ET Q q 0 0 0 rg BT 383.62 118.60 Td (to ) Tj ET Q q 0 0 0 rg BT 395.57 118.60 Td (be ) Tj ET Q q 0 0 0 rg BT 410.59 118.60 Td (June ) Tj ET Q q 0 0 0 rg BT 437.22 118.60 Td (2016. ) Tj ET Q q 0 0 0 rg BT 467.52 118.60 Td ( ) Tj ET Q q 0 0 0 rg BT 470.12 118.60 Td (The ) Tj ET Q q 0 0 0 rg BT 491.86 118.60 Td (2013 ) Tj ET Q q 0 0 0 rg BT 519.11 118.60 Td (Revolver ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 105.40 Td (is ) Tj ET Q q 0 0 0 rg BT 60.21 105.40 Td (collateralized ) Tj ET Q q 0 0 0 rg BT 127.18 105.40 Td (by ) Tj ET Q q 0 0 0 rg BT 141.57 105.40 Td (the ) Tj ET Q q 0 0 0 rg BT 159.63 105.40 Td (assets ) Tj ET Q q 0 0 0 rg BT 194.19 105.40 Td (of ) Tj ET Q q 0 0 0 rg BT 206.13 105.40 Td (the ) Tj ET Q q 0 0 0 rg BT 224.19 105.40 Td (Company ) Tj ET Q q 0 0 0 rg BT 274.03 105.40 Td (and ) Tj ET Q q 0 0 0 rg BT 295.15 105.40 Td (the ) Tj ET Q q 0 0 0 rg BT 313.21 105.40 Td (equity ) Tj ET Q q 0 0 0 rg BT 345.33 105.40 Td (interests ) Tj ET Q q 0 0 0 rg BT 389.67 105.40 Td (and ) Tj ET Q q 0 0 0 rg BT 410.80 105.40 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 458.82 105.40 Td (related ) Tj ET Q q 0 0 0 rg BT 495.22 105.40 Td (to ) Tj ET Q q 0 0 0 rg BT 507.16 105.40 Td (such ) Tj ET Q q 0 0 0 rg BT 533.16 105.40 Td (equity ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 92.20 Td (interests ) Tj ET Q q 0 0 0 rg BT 95.06 92.20 Td (of ) Tj ET Q q 0 0 0 rg BT 108.22 92.20 Td (each ) Tj ET Q q 0 0 0 rg BT 136.06 92.20 Td (material ) Tj ET Q q 0 0 0 rg BT 179.17 92.20 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 232.67 92.20 Td (owned ) Tj ET Q q 0 0 0 rg BT 269.07 92.20 Td (by ) Tj ET Q q 0 0 0 rg BT 284.68 92.20 Td (the ) Tj ET Q q 0 0 0 rg BT 303.95 92.20 Td (Company) Tj ET Q q 0 0 0 rg BT 350.22 92.20 Td (. ) Tj ET Q q 0 0 0 rg BT 357.00 92.20 Td (The ) Tj ET Q q 0 0 0 rg BT 379.94 92.20 Td (Revolver ) Tj ET Q q 0 0 0 rg BT 427.33 92.20 Td (is ) Tj ET Q q 0 0 0 rg BT 439.26 92.20 Td (also ) Tj ET Q q 0 0 0 rg BT 463.42 92.20 Td (collateralized ) Tj ET Q q 0 0 0 rg BT 531.61 92.20 Td (by ) Tj ET Q q 0 0 0 rg BT 547.21 92.20 Td (the ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 79.00 Td (Company) Tj ET Q q 0 0 0 rg BT 98.82 79.00 Td (s ) Tj ET Q q 0 0 0 rg BT 107.38 79.00 Td (deposit ) Tj ET Q q 0 0 0 rg BT 145.91 79.00 Td (accounts ) Tj ET Q q 0 0 0 rg BT 192.99 79.00 Td (held ) Tj ET Q q 0 0 0 rg BT 216.84 79.00 Td (at ) Tj ET Q q 0 0 0 rg BT 229.07 79.00 Td (CBB. ) Tj ET Q q 0 0 0 rg BT 257.80 79.00 Td ( ) Tj ET Q q 0 0 0 rg BT 260.66 79.00 Td (These ) Tj ET Q q 0 0 0 rg BT 294.29 79.00 Td (accounts ) Tj ET Q q 0 0 0 rg BT 341.37 79.00 Td (are ) Tj ET Q q 0 0 0 rg BT 360.33 79.00 Td (not ) Tj ET Q q 0 0 0 rg BT 378.67 79.00 Td (restricted ) Tj ET Q q 0 0 0 rg BT 426.96 79.00 Td (by ) Tj ET Q q 0 0 0 rg BT 441.64 79.00 Td (the ) Tj ET Q q 0 0 0 rg BT 459.99 79.00 Td (Revolver) Tj ET Q q 0 0 0 rg BT 502.78 79.00 Td (.) Tj ET Q endstream endobj 321 0 obj <> endobj 322 0 obj <> stream BT /F5 11.00 Tf ET q 0 0 0 rg BT 168.80 771.50 Td (CLEAN COAL) Tj ET Q q 0 0 0 rg BT 240.71 771.50 Td ( SOLUTIONS, LLC ) Tj ET Q q 0 0 0 rg BT 338.08 771.50 Td (AND SUBSIDIARIES) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 163.80 758.30 Td (NOTES T) Tj ET Q q 0 0 0 rg BT 211.27 758.30 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 288.07 758.30 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 372.19 758.30 Td ( ST) Tj ET Q q 0 0 0 rg BT 388.49 758.30 Td (A) Tj ET Q q 0 0 0 rg BT 395.62 758.30 Td (TEMENTS) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 209.25 745.10 Td (DECEMBER 31, 2015, 2014 ) Tj ET Q q 0 0 0 rg BT 351.30 745.10 Td (AND 2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 33.60 Td (157) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 703.00 Td (In ) Tj ET Q q 0 0 0 rg BT 62.42 703.00 Td (2014, ) Tj ET Q q 0 0 0 rg BT 93.70 703.00 Td (two ) Tj ET Q q 0 0 0 rg BT 114.57 703.00 Td (of ) Tj ET Q q 0 0 0 rg BT 127.49 703.00 Td (the ) Tj ET Q q 0 0 0 rg BT 146.53 703.00 Td (Company) Tj ET Q q 0 0 0 rg BT 195.86 703.00 Td (s ) Tj ET Q q 0 0 0 rg BT 205.11 703.00 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 266.94 703.00 Td (entered ) Tj ET Q q 0 0 0 rg BT 308.00 703.00 Td (into ) Tj ET Q q 0 0 0 rg BT 329.48 703.00 Td (an ) Tj ET Q q 0 0 0 rg BT 345.47 703.00 Td (Irrevocable ) Tj ET Q q 0 0 0 rg BT 403.63 703.00 Td (Letter ) Tj ET Q q 0 0 0 rg BT 435.51 703.00 Td (of ) Tj ET Q q 0 0 0 rg BT 448.43 703.00 Td (Credit ) Tj ET Q q 0 0 0 rg BT 481.53 703.00 Td (in ) Tj ET Q q 0 0 0 rg BT 493.84 703.00 Td (the ) Tj ET Q q 0 0 0 rg BT 512.88 703.00 Td (amount ) Tj ET Q q 0 0 0 rg BT 553.32 703.00 Td (of ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 689.80 Td ($500,000 ) Tj ET Q q 0 0 0 rg BT 98.28 689.80 Td (each ) Tj ET Q q 0 0 0 rg BT 125.04 689.80 Td (in ) Tj ET Q q 0 0 0 rg BT 136.50 689.80 Td (connection ) Tj ET Q q 0 0 0 rg BT 192.61 689.80 Td (with ) Tj ET Q q 0 0 0 rg BT 215.07 689.80 Td (a ) Tj ET Q q 0 0 0 rg BT 224.09 689.80 Td (performance ) Tj ET Q q 0 0 0 rg BT 288.75 689.80 Td (obligation ) Tj ET Q q 0 0 0 rg BT 338.74 689.80 Td (under ) Tj ET Q q 0 0 0 rg BT 369.78 689.80 Td (an ) Tj ET Q q 0 0 0 rg BT 384.92 689.80 Td (operating ) Tj ET Q q 0 0 0 rg BT 433.69 689.80 Td (agreement. ) Tj ET Q q 0 0 0 rg BT 492.24 689.80 Td ( ) Tj ET Q q 0 0 0 rg BT 494.95 689.80 Td (The ) Tj ET Q q 0 0 0 rg BT 516.81 689.80 Td (Letters ) Tj ET Q q 0 0 0 rg BT 553.34 689.80 Td (of ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 676.60 Td (Credit ) Tj ET Q q 0 0 0 rg BT 82.47 676.60 Td (are ) Tj ET Q q 0 0 0 rg BT 102.01 676.60 Td (held ) Tj ET Q q 0 0 0 rg BT 126.43 676.60 Td (under ) Tj ET Q q 0 0 0 rg BT 158.20 676.60 Td (the ) Tj ET Q q 0 0 0 rg BT 177.12 676.60 Td (2013 ) Tj ET Q q 0 0 0 rg BT 205.23 676.60 Td (Revolver ) Tj ET Q q 0 0 0 rg BT 252.26 676.60 Td (and ) Tj ET Q q 0 0 0 rg BT 274.25 676.60 Td (expire ) Tj ET Q q 0 0 0 rg BT 307.84 676.60 Td (in ) Tj ET Q q 0 0 0 rg BT 320.04 676.60 Td (June ) Tj ET Q q 0 0 0 rg BT 347.52 676.60 Td (2016, ) Tj ET Q q 0 0 0 rg BT 378.68 676.60 Td (unless ) Tj ET Q q 0 0 0 rg BT 414.11 676.60 Td (terminated ) Tj ET Q q 0 0 0 rg BT 469.71 676.60 Td (earlier) Tj ET Q q 0 0 0 rg BT 499.67 676.60 Td (. ) Tj ET Q q 0 0 0 rg BT 506.36 676.60 Td ( ) Tj ET Q q 0 0 0 rg BT 509.99 676.60 Td (One ) Tj ET Q q 0 0 0 rg BT 534.42 676.60 Td (of ) Tj ET Q q 0 0 0 rg BT 547.22 676.60 Td (the ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 663.40 Td (Irrevocable ) Tj ET Q q 0 0 0 rg BT 106.97 663.40 Td (Letters ) Tj ET Q q 0 0 0 rg BT 143.66 663.40 Td (of ) Tj ET Q q 0 0 0 rg BT 155.89 663.40 Td (Credit ) Tj ET Q q 0 0 0 rg BT 188.28 663.40 Td (was ) Tj ET Q q 0 0 0 rg BT 210.90 663.40 Td (terminated ) Tj ET Q q 0 0 0 rg BT 265.93 663.40 Td (in ) Tj ET Q q 0 0 0 rg BT 277.55 663.40 Td (2015.) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 638.20 Td (Clean ) Tj ET Q q 0 0 0 rg BT 83.88 638.20 Td (Coal ) Tj ET Q q 0 0 0 rg BT 112.14 638.20 Td (is ) Tj ET Q q 0 0 0 rg BT 125.72 638.20 Td (required ) Tj ET Q q 0 0 0 rg BT 171.71 638.20 Td (to ) Tj ET Q q 0 0 0 rg BT 186.52 638.20 Td (be ) Tj ET Q q 0 0 0 rg BT 204.40 638.20 Td (in ) Tj ET Q q 0 0 0 rg BT 218.59 638.20 Td (compliance ) Tj ET Q q 0 0 0 rg BT 279.87 638.20 Td (with ) Tj ET Q q 0 0 0 rg BT 305.07 638.20 Td (certain ) Tj ET Q q 0 0 0 rg BT 343.72 638.20 Td (loan ) Tj ET Q q 0 0 0 rg BT 370.15 638.20 Td (covenants ) Tj ET Q q 0 0 0 rg BT 425.94 638.20 Td (under ) Tj ET Q q 0 0 0 rg BT 459.71 638.20 Td (the ) Tj ET Q q 0 0 0 rg BT 480.63 638.20 Td (Company) Tj ET Q q 0 0 0 rg BT 529.96 638.20 Td (s ) Tj ET Q q 0 0 0 rg BT 541.09 638.20 Td (debt ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 625.00 Td (agreements. ) Tj ET Q q 0 0 0 rg BT 112.75 625.00 Td (As ) Tj ET Q q 0 0 0 rg BT 128.22 625.00 Td (of ) Tj ET Q q 0 0 0 rg BT 140.02 625.00 Td (December ) Tj ET Q q 0 0 0 rg BT 193.39 625.00 Td (31, ) Tj ET Q q 0 0 0 rg BT 211.31 625.00 Td (2015 ) Tj ET Q q 0 0 0 rg BT 238.41 625.00 Td (and ) Tj ET Q q 0 0 0 rg BT 259.40 625.00 Td (2014, ) Tj ET Q q 0 0 0 rg BT 289.55 625.00 Td (the ) Tj ET Q q 0 0 0 rg BT 307.47 625.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 357.18 625.00 Td (was ) Tj ET Q q 0 0 0 rg BT 379.37 625.00 Td (in ) Tj ET Q q 0 0 0 rg BT 390.56 625.00 Td (compliance ) Tj ET Q q 0 0 0 rg BT 448.83 625.00 Td (with ) Tj ET Q q 0 0 0 rg BT 471.02 625.00 Td (the ) Tj ET Q q 0 0 0 rg BT 488.94 625.00 Td (respective ) Tj ET Q q 0 0 0 rg BT 541.70 625.00 Td (loan ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 611.80 Td (covenants. ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 49.50 586.60 Td (Secured ) Tj ET Q q 0 0 0 rg BT 93.53 586.60 Td (promissory ) Tj ET Q q 0 0 0 rg BT 150.37 586.60 Td (note ) Tj ET Q q 0 0 0 rg BT 174.83 586.60 Td (- ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 561.40 Td (On ) Tj ET Q q 0 0 0 rg BT 66.10 561.40 Td (February ) Tj ET Q q 0 0 0 rg BT 112.05 561.40 Td (10, ) Tj ET Q q 0 0 0 rg BT 129.27 561.40 Td (2014, ) Tj ET Q q 0 0 0 rg BT 158.72 561.40 Td (RCM6, ) Tj ET Q q 0 0 0 rg BT 194.87 561.40 Td (a ) Tj ET Q q 0 0 0 rg BT 202.92 561.40 Td (VIE ) Tj ET Q q 0 0 0 rg BT 222.58 561.40 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 286.27 561.40 Td (into ) Tj ET Q q 0 0 0 rg BT 305.94 561.40 Td (the ) Tj ET Q q 0 0 0 rg BT 323.16 561.40 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 386.85 561.40 Td (financial ) Tj ET Q q 0 0 0 rg BT 429.14 561.40 Td (statements ) Tj ET Q q 0 0 0 rg BT 484.87 561.40 Td (of ) Tj ET Q q 0 0 0 rg BT 495.97 561.40 Td (the ) Tj ET Q q 0 0 0 rg BT 513.19 561.40 Td (Company) Tj ET Q q 0 0 0 rg BT 559.45 561.40 Td (, ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 548.20 Td (entered ) Tj ET Q q 0 0 0 rg BT 89.23 548.20 Td (into ) Tj ET Q q 0 0 0 rg BT 109.39 548.20 Td (an ) Tj ET Q q 0 0 0 rg BT 124.04 548.20 Td ($1) Tj ET Q q 0 0 0 rg BT 135.46 548.20 Td (1.0 ) Tj ET Q q 0 0 0 rg BT 153.18 548.20 Td (million ) Tj ET Q q 0 0 0 rg BT 186.77 548.20 Td (secured ) Tj ET Q q 0 0 0 rg BT 228.33 548.20 Td (promissory ) Tj ET Q q 0 0 0 rg BT 284.54 548.20 Td (note ) Tj ET Q q 0 0 0 rg BT 308.37 548.20 Td (\(the ) Tj ET Q q 0 0 0 rg BT 329.74 548.20 Td (Note\) ) Tj ET Q q 0 0 0 rg BT 366.39 548.20 Td (with ) Tj ET Q q 0 0 0 rg BT 388.37 548.20 Td (a ) Tj ET Q q 0 0 0 rg BT 396.91 548.20 Td (Generator ) Tj ET Q q 0 0 0 rg BT 448.86 548.20 Td (from ) Tj ET Q q 0 0 0 rg BT 473.28 548.20 Td (which ) Tj ET Q q 0 0 0 rg BT 503.83 548.20 Td (it ) Tj ET Q q 0 0 0 rg BT 511.75 548.20 Td (purchases ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 535.00 Td (feedstock ) Tj ET Q q 0 0 0 rg BT 99.20 535.00 Td (coal, ) Tj ET Q q 0 0 0 rg BT 125.04 535.00 Td (and ) Tj ET Q q 0 0 0 rg BT 146.01 535.00 Td (to ) Tj ET Q q 0 0 0 rg BT 157.80 535.00 Td (which ) Tj ET Q q 0 0 0 rg BT 188.53 535.00 Td (it ) Tj ET Q q 0 0 0 rg BT 196.65 535.00 Td (sells ) Tj ET Q q 0 0 0 rg BT 221.26 535.00 Td (refined ) Tj ET Q q 0 0 0 rg BT 257.51 535.00 Td (and ) Tj ET Q q 0 0 0 rg BT 278.48 535.00 Td (unrefined ) Tj ET Q q 0 0 0 rg BT 326.96 535.00 Td (coal ) Tj ET Q q 0 0 0 rg BT 349.75 535.00 Td (on ) Tj ET Q q 0 0 0 rg BT 364.60 535.00 Td (a ) Tj ET Q q 0 0 0 rg BT 373.33 535.00 Td (monthly ) Tj ET Q q 0 0 0 rg BT 414.46 535.00 Td (basis. ) Tj ET Q q 0 0 0 rg BT 445.64 535.00 Td (The ) Tj ET Q q 0 0 0 rg BT 467.20 535.00 Td (purpose ) Tj ET Q q 0 0 0 rg BT 509.57 535.00 Td (of ) Tj ET Q q 0 0 0 rg BT 521.35 535.00 Td (the ) Tj ET Q q 0 0 0 rg BT 539.26 535.00 Td (Note ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 521.80 Td (is ) Tj ET Q q 0 0 0 rg BT 61.34 521.80 Td (to ) Tj ET Q q 0 0 0 rg BT 74.41 521.80 Td (finance ) Tj ET Q q 0 0 0 rg BT 113.78 521.80 Td (the ) Tj ET Q q 0 0 0 rg BT 132.97 521.80 Td (monthly ) Tj ET Q q 0 0 0 rg BT 175.39 521.80 Td (purchases ) Tj ET Q q 0 0 0 rg BT 230.04 521.80 Td (of ) Tj ET Q q 0 0 0 rg BT 243.11 521.80 Td (feedstock ) Tj ET Q q 0 0 0 rg BT 294.09 521.80 Td (coal ) Tj ET Q q 0 0 0 rg BT 318.17 521.80 Td (from ) Tj ET Q q 0 0 0 rg BT 344.06 521.80 Td (the ) Tj ET Q q 0 0 0 rg BT 363.25 521.80 Td (Generator) Tj ET Q q 0 0 0 rg BT 412.17 521.80 Td (. ) Tj ET Q q 0 0 0 rg BT 419.13 521.80 Td ( ) Tj ET Q q 0 0 0 rg BT 422.77 521.80 Td (The ) Tj ET Q q 0 0 0 rg BT 445.62 521.80 Td (amount ) Tj ET Q q 0 0 0 rg BT 486.21 521.80 Td (of ) Tj ET Q q 0 0 0 rg BT 499.28 521.80 Td (principal ) Tj ET Q q 0 0 0 rg BT 544.15 521.80 Td (and ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 508.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 89.07 508.60 Td (owed ) Tj ET Q q 0 0 0 rg BT 118.87 508.60 Td (is ) Tj ET Q q 0 0 0 rg BT 130.32 508.60 Td (dependent ) Tj ET Q q 0 0 0 rg BT 185.81 508.60 Td (upon ) Tj ET Q q 0 0 0 rg BT 213.79 508.60 Td (the ) Tj ET Q q 0 0 0 rg BT 232.58 508.60 Td (amount ) Tj ET Q q 0 0 0 rg BT 272.77 508.60 Td (of ) Tj ET Q q 0 0 0 rg BT 285.44 508.60 Td (feedstock ) Tj ET Q q 0 0 0 rg BT 336.03 508.60 Td (coal ) Tj ET Q q 0 0 0 rg BT 359.71 508.60 Td (purchased ) Tj ET Q q 0 0 0 rg BT 414.58 508.60 Td (and ) Tj ET Q q 0 0 0 rg BT 436.43 508.60 Td (refined ) Tj ET Q q 0 0 0 rg BT 473.57 508.60 Td (coal ) Tj ET Q q 0 0 0 rg BT 497.25 508.60 Td (sold ) Tj ET Q q 0 0 0 rg BT 520.93 508.60 Td (between ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 495.40 Td (the ) Tj ET Q q 0 0 0 rg BT 67.91 495.40 Td (two ) Tj ET Q q 0 0 0 rg BT 88.14 495.40 Td (parties ) Tj ET Q q 0 0 0 rg BT 124.27 495.40 Td (and ) Tj ET Q q 0 0 0 rg BT 145.74 495.40 Td (is ) Tj ET Q q 0 0 0 rg BT 156.79 495.40 Td (net ) Tj ET Q q 0 0 0 rg BT 175.20 495.40 Td (settled ) Tj ET Q q 0 0 0 rg BT 210.72 495.40 Td (on ) Tj ET Q q 0 0 0 rg BT 226.07 495.40 Td (a ) Tj ET Q q 0 0 0 rg BT 235.30 495.40 Td (monthly ) Tj ET Q q 0 0 0 rg BT 276.93 495.40 Td (basis. ) Tj ET Q q 0 0 0 rg BT 308.58 495.40 Td (The ) Tj ET Q q 0 0 0 rg BT 330.65 495.40 Td (Note ) Tj ET Q q 0 0 0 rg BT 357.00 495.40 Td (is ) Tj ET Q q 0 0 0 rg BT 368.06 495.40 Td (collateralized ) Tj ET Q q 0 0 0 rg BT 435.37 495.40 Td (by ) Tj ET Q q 0 0 0 rg BT 450.10 495.40 Td (RCM6) Tj ET Q q 0 0 0 rg BT 483.52 495.40 Td (s ) Tj ET Q q 0 0 0 rg BT 492.13 495.40 Td (feedstock ) Tj ET Q q 0 0 0 rg BT 542.33 495.40 Td (coal ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 482.20 Td (inventory) Tj ET Q q 0 0 0 rg BT 93.32 482.20 Td (. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 457.00 Td (The ) Tj ET Q q 0 0 0 rg BT 71.62 457.00 Td (Note ) Tj ET Q q 0 0 0 rg BT 98.01 457.00 Td (bears ) Tj ET Q q 0 0 0 rg BT 128.69 457.00 Td (interest ) Tj ET Q q 0 0 0 rg BT 167.93 457.00 Td (at ) Tj ET Q q 0 0 0 rg BT 180.26 457.00 Td (a ) Tj ET Q q 0 0 0 rg BT 189.54 457.00 Td (per ) Tj ET Q q 0 0 0 rg BT 208.60 457.00 Td (annum ) Tj ET Q q 0 0 0 rg BT 245.40 457.00 Td (rate ) Tj ET Q q 0 0 0 rg BT 267.52 457.00 Td (equal ) Tj ET Q q 0 0 0 rg BT 297.59 457.00 Td (to ) Tj ET Q q 0 0 0 rg BT 309.93 457.00 Td (the ) Tj ET Q q 0 0 0 rg BT 328.38 457.00 Td (short-term ) Tj ET Q q 0 0 0 rg BT 381.66 457.00 Td (applicable ) Tj ET Q q 0 0 0 rg BT 434.36 457.00 Td (federal ) Tj ET Q q 0 0 0 rg BT 471.16 457.00 Td (rate ) Tj ET Q q 0 0 0 rg BT 493.27 457.00 Td (announced ) Tj ET Q q 0 0 0 rg BT 550.88 457.00 Td (by ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 443.80 Td (the ) Tj ET Q q 0 0 0 rg BT 67.34 443.80 Td (IRS ) Tj ET Q q 0 0 0 rg BT 88.22 443.80 Td (in ) Tj ET Q q 0 0 0 rg BT 99.32 443.80 Td (December ) Tj ET Q q 0 0 0 rg BT 152.61 443.80 Td (of ) Tj ET Q q 0 0 0 rg BT 164.33 443.80 Td (each ) Tj ET Q q 0 0 0 rg BT 190.72 443.80 Td (year) Tj ET Q q 0 0 0 rg BT 211.52 443.80 Td (. ) Tj ET Q q 0 0 0 rg BT 217.12 443.80 Td ( ) Tj ET Q q 0 0 0 rg BT 219.50 443.80 Td (The ) Tj ET Q q 0 0 0 rg BT 240.99 443.80 Td (interest ) Tj ET Q q 0 0 0 rg BT 279.61 443.80 Td (rate ) Tj ET Q q 0 0 0 rg BT 301.11 443.80 Td (for ) Tj ET Q q 0 0 0 rg BT 316.49 443.80 Td (the ) Tj ET Q q 0 0 0 rg BT 334.33 443.80 Td (years ) Tj ET Q q 0 0 0 rg BT 363.77 443.80 Td (ended ) Tj ET Q q 0 0 0 rg BT 396.90 443.80 Td (December ) Tj ET Q q 0 0 0 rg BT 450.19 443.80 Td (31, ) Tj ET Q q 0 0 0 rg BT 468.02 443.80 Td (2015 ) Tj ET Q q 0 0 0 rg BT 495.04 443.80 Td (and ) Tj ET Q q 0 0 0 rg BT 515.94 443.80 Td (2014 ) Tj ET Q q 0 0 0 rg BT 542.95 443.80 Td (was ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 430.60 Td (0.34% ) Tj ET Q q 0 0 0 rg BT 83.75 430.60 Td (and ) Tj ET Q q 0 0 0 rg BT 105.16 430.60 Td (0.25% ) Tj ET Q q 0 0 0 rg BT 139.40 430.60 Td (per ) Tj ET Q q 0 0 0 rg BT 158.36 430.60 Td (annum, ) Tj ET Q q 0 0 0 rg BT 198.10 430.60 Td (respectively) Tj ET Q q 0 0 0 rg BT 255.36 430.60 Td (. ) Tj ET Q q 0 0 0 rg BT 261.48 430.60 Td (Interest ) Tj ET Q q 0 0 0 rg BT 301.22 430.60 Td (is ) Tj ET Q q 0 0 0 rg BT 312.22 430.60 Td (payable ) Tj ET Q q 0 0 0 rg BT 353.80 430.60 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 399.66 430.60 Td (in ) Tj ET Q q 0 0 0 rg BT 411.28 430.60 Td (arrears.) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 405.40 Td (All ) Tj ET Q q 0 0 0 rg BT 64.51 405.40 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 124.17 405.40 Td (amounts ) Tj ET Q q 0 0 0 rg BT 169.14 405.40 Td (owed ) Tj ET Q q 0 0 0 rg BT 198.22 405.40 Td (under ) Tj ET Q q 0 0 0 rg BT 229.13 405.40 Td (the ) Tj ET Q q 0 0 0 rg BT 247.21 405.40 Td (Note ) Tj ET Q q 0 0 0 rg BT 273.22 405.40 Td (are ) Tj ET Q q 0 0 0 rg BT 291.90 405.40 Td (due ) Tj ET Q q 0 0 0 rg BT 313.04 405.40 Td (and ) Tj ET Q q 0 0 0 rg BT 334.17 405.40 Td (payable ) Tj ET Q q 0 0 0 rg BT 375.49 405.40 Td (on ) Tj ET Q q 0 0 0 rg BT 390.50 405.40 Td (the ) Tj ET Q q 0 0 0 rg BT 408.58 405.40 Td (earlier ) Tj ET Q q 0 0 0 rg BT 441.93 405.40 Td (of ) Tj ET Q q 0 0 0 rg BT 453.88 405.40 Td (December ) Tj ET Q q 0 0 0 rg BT 507.40 405.40 Td (31, ) Tj ET Q q 0 0 0 rg BT 525.48 405.40 Td (2021 ) Tj ET Q q 0 0 0 rg BT 552.73 405.40 Td (or ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 392.20 Td (the ) Tj ET Q q 0 0 0 rg BT 66.92 392.20 Td (termination ) Tj ET Q q 0 0 0 rg BT 123.46 392.20 Td (or ) Tj ET Q q 0 0 0 rg BT 135.36 392.20 Td (expiration ) Tj ET Q q 0 0 0 rg BT 185.18 392.20 Td (of ) Tj ET Q q 0 0 0 rg BT 196.48 392.20 Td (the ) Tj ET Q q 0 0 0 rg BT 213.90 392.20 Td (Feedstock ) Tj ET Q q 0 0 0 rg BT 266.77 392.20 Td (Coal ) Tj ET Q q 0 0 0 rg BT 291.52 392.20 Td (Purchase ) Tj ET Q q 0 0 0 rg BT 339.69 392.20 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 395.62 392.20 Td (between ) Tj ET Q q 0 0 0 rg BT 439.34 392.20 Td (RCM6 ) Tj ET Q q 0 0 0 rg BT 472.63 392.20 Td (and ) Tj ET Q q 0 0 0 rg BT 493.11 392.20 Td (the ) Tj ET Q q 0 0 0 rg BT 510.52 392.20 Td (Generator) Tj ET Q q 0 0 0 rg BT 559.44 392.20 Td (.) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 367.00 Td (As ) Tj ET Q q 0 0 0 rg BT 64.83 367.00 Td (of ) Tj ET Q q 0 0 0 rg BT 76.50 367.00 Td (December ) Tj ET Q q 0 0 0 rg BT 129.73 367.00 Td (31, ) Tj ET Q q 0 0 0 rg BT 147.51 367.00 Td (2015 ) Tj ET Q q 0 0 0 rg BT 174.47 367.00 Td (and ) Tj ET Q q 0 0 0 rg BT 195.32 367.00 Td (2014, ) Tj ET Q q 0 0 0 rg BT 225.34 367.00 Td (respectively) Tj ET Q q 0 0 0 rg BT 282.60 367.00 Td (, ) Tj ET Q q 0 0 0 rg BT 288.15 367.00 Td (the ) Tj ET Q q 0 0 0 rg BT 305.93 367.00 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 365.30 367.00 Td (balance ) Tj ET Q q 0 0 0 rg BT 406.33 367.00 Td (on ) Tj ET Q q 0 0 0 rg BT 421.06 367.00 Td (the ) Tj ET Q q 0 0 0 rg BT 438.84 367.00 Td (Note ) Tj ET Q q 0 0 0 rg BT 464.57 367.00 Td (was ) Tj ET Q q 0 0 0 rg BT 486.62 367.00 Td ($7,535,347 ) Tj ET Q q 0 0 0 rg BT 544.17 367.00 Td (and ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 353.80 Td ($7,001,092 ) Tj ET Q q 0 0 0 rg BT 107.61 353.80 Td (with ) Tj ET Q q 0 0 0 rg BT 130.23 353.80 Td (interest ) Tj ET Q q 0 0 0 rg BT 169.36 353.80 Td (payable ) Tj ET Q q 0 0 0 rg BT 210.94 353.80 Td (of ) Tj ET Q q 0 0 0 rg BT 223.17 353.80 Td ($6,261 ) Tj ET Q q 0 0 0 rg BT 259.88 353.80 Td (and ) Tj ET Q q 0 0 0 rg BT 281.28 353.80 Td ($4,213.) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 49.50 316.60 Td (NOTE ) Tj ET Q q 0 0 0 rg BT 83.11 316.60 Td (7 ) Tj ET Q q 0 0 0 rg BT 92.29 316.60 Td (- ) Tj ET Q q 0 0 0 rg BT 99.01 316.60 Td (MEMBERS) Tj ET Q q 0 0 0 rg BT 157.68 316.60 Td ( ) Tj ET Q q 0 0 0 rg BT 160.74 316.60 Td (EQUITY) Tj ET Q q 0 0 0 rg BT 201.49 316.60 Td ( ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 291.40 Td (Under ) Tj ET Q q 0 0 0 rg BT 82.33 291.40 Td (the ) Tj ET Q q 0 0 0 rg BT 100.48 291.40 Td (Class ) Tj ET Q q 0 0 0 rg BT 130.85 291.40 Td (B ) Tj ET Q q 0 0 0 rg BT 141.05 291.40 Td (unit ) Tj ET Q q 0 0 0 rg BT 161.66 291.40 Td (purchase ) Tj ET Q q 0 0 0 rg BT 209.77 291.40 Td (agreement ) Tj ET Q q 0 0 0 rg BT 265.23 291.40 Td (with ) Tj ET Q q 0 0 0 rg BT 287.65 291.40 Td (GSFS, ) Tj ET Q q 0 0 0 rg BT 323.52 291.40 Td (which ) Tj ET Q q 0 0 0 rg BT 354.51 291.40 Td (was ) Tj ET Q q 0 0 0 rg BT 376.94 291.40 Td (entered ) Tj ET Q q 0 0 0 rg BT 417.11 291.40 Td (into ) Tj ET Q q 0 0 0 rg BT 437.71 291.40 Td (upon ) Tj ET Q q 0 0 0 rg BT 465.05 291.40 Td (the ) Tj ET Q q 0 0 0 rg BT 483.20 291.40 Td (amendment ) Tj ET Q q 0 0 0 rg BT 544.16 291.40 Td (and ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 278.20 Td (restatement ) Tj ET Q q 0 0 0 rg BT 110.42 278.20 Td (of ) Tj ET Q q 0 0 0 rg BT 122.42 278.20 Td (the ) Tj ET Q q 0 0 0 rg BT 140.55 278.20 Td (Clean ) Tj ET Q q 0 0 0 rg BT 172.12 278.20 Td (Coal ) Tj ET Q q 0 0 0 rg BT 197.57 278.20 Td (Operating ) Tj ET Q q 0 0 0 rg BT 248.15 278.20 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 304.79 278.20 Td (in ) Tj ET Q q 0 0 0 rg BT 316.19 278.20 Td (201) Tj ET Q q 0 0 0 rg BT 333.72 278.20 Td (1, ) Tj ET Q q 0 0 0 rg BT 345.17 278.20 Td (ADA) Tj ET Q q 0 0 0 rg BT 367.18 278.20 Td ( ) Tj ET Q q 0 0 0 rg BT 370.01 278.20 Td (and ) Tj ET Q q 0 0 0 rg BT 391.20 278.20 Td (NexGen ) Tj ET Q q 0 0 0 rg BT 434.38 278.20 Td (each ) Tj ET Q q 0 0 0 rg BT 461.07 278.20 Td (entered ) Tj ET Q q 0 0 0 rg BT 501.21 278.20 Td (into ) Tj ET Q q 0 0 0 rg BT 521.77 278.20 Td (a ) Tj ET Q q 0 0 0 rg BT 530.73 278.20 Td (limited ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 265.00 Td (guarantee ) Tj ET Q q 0 0 0 rg BT 101.85 265.00 Td (agreement ) Tj ET Q q 0 0 0 rg BT 157.25 265.00 Td (under ) Tj ET Q q 0 0 0 rg BT 188.20 265.00 Td (which ) Tj ET Q q 0 0 0 rg BT 219.13 265.00 Td (the ) Tj ET Q q 0 0 0 rg BT 237.23 265.00 Td (parties ) Tj ET Q q 0 0 0 rg BT 273.06 265.00 Td (are ) Tj ET Q q 0 0 0 rg BT 291.76 265.00 Td (obligated ) Tj ET Q q 0 0 0 rg BT 339.22 265.00 Td (to ) Tj ET Q q 0 0 0 rg BT 351.21 265.00 Td (guarantee ) Tj ET Q q 0 0 0 rg BT 403.56 265.00 Td (performance ) Tj ET Q q 0 0 0 rg BT 468.12 265.00 Td (by ) Tj ET Q q 0 0 0 rg BT 482.55 265.00 Td (Clean ) Tj ET Q q 0 0 0 rg BT 514.10 265.00 Td (Coal ) Tj ET Q q 0 0 0 rg BT 539.53 265.00 Td (of ) Tj ET Q q 0 0 0 rg BT 551.52 265.00 Td (its ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 251.80 Td (obligations ) Tj ET Q q 0 0 0 rg BT 105.27 251.80 Td (to ) Tj ET Q q 0 0 0 rg BT 117.63 251.80 Td (indemnify ) Tj ET Q q 0 0 0 rg BT 167.88 251.80 Td (GSFS ) Tj ET Q q 0 0 0 rg BT 201.01 251.80 Td (against ) Tj ET Q q 0 0 0 rg BT 239.66 251.80 Td (certain ) Tj ET Q q 0 0 0 rg BT 275.85 251.80 Td (losses ) Tj ET Q q 0 0 0 rg BT 310.21 251.80 Td (it ) Tj ET Q q 0 0 0 rg BT 318.89 251.80 Td (may ) Tj ET Q q 0 0 0 rg BT 342.85 251.80 Td (suf) Tj ET Q q 0 0 0 rg BT 357.32 251.80 Td (fer ) Tj ET Q q 0 0 0 rg BT 373.34 251.80 Td (as ) Tj ET Q q 0 0 0 rg BT 388.14 251.80 Td (a ) Tj ET Q q 0 0 0 rg BT 397.43 251.80 Td (result ) Tj ET Q q 0 0 0 rg BT 427.51 251.80 Td (of ) Tj ET Q q 0 0 0 rg BT 439.86 251.80 Td (inaccuracies ) Tj ET Q q 0 0 0 rg BT 504.18 251.80 Td (or ) Tj ET Q q 0 0 0 rg BT 517.14 251.80 Td (breach ) Tj ET Q q 0 0 0 rg BT 553.95 251.80 Td (in ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 238.60 Td (representations ) Tj ET Q q 0 0 0 rg BT 130.00 238.60 Td (and ) Tj ET Q q 0 0 0 rg BT 153.02 238.60 Td (covenants ) Tj ET Q q 0 0 0 rg BT 207.84 238.60 Td (related ) Tj ET Q q 0 0 0 rg BT 246.14 238.60 Td (to ) Tj ET Q q 0 0 0 rg BT 259.99 238.60 Td (the ) Tj ET Q q 0 0 0 rg BT 279.95 238.60 Td (Class ) Tj ET Q q 0 0 0 rg BT 312.13 238.60 Td (B ) Tj ET Q q 0 0 0 rg BT 324.14 238.60 Td (unit ) Tj ET Q q 0 0 0 rg BT 346.55 238.60 Td (purchase ) Tj ET Q q 0 0 0 rg BT 396.47 238.60 Td (agreement ) Tj ET Q q 0 0 0 rg BT 453.73 238.60 Td (or ) Tj ET Q q 0 0 0 rg BT 468.19 238.60 Td (RC ) Tj ET Q q 0 0 0 rg BT 488.75 238.60 Td (Facilities ) Tj ET Q q 0 0 0 rg BT 536.21 238.60 Td (lease ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 225.40 Td (agreements ) Tj ET Q q 0 0 0 rg BT 111.50 225.40 Td (with ) Tj ET Q q 0 0 0 rg BT 134.97 225.40 Td (GSFS ) Tj ET Q q 0 0 0 rg BT 168.83 225.40 Td (af) Tj ET Q q 0 0 0 rg BT 177.81 225.40 Td (filiates. ) Tj ET Q q 0 0 0 rg BT 215.18 225.40 Td (ADA) Tj ET Q q 0 0 0 rg BT 237.19 225.40 Td ( ) Tj ET Q q 0 0 0 rg BT 241.10 225.40 Td (and ) Tj ET Q q 0 0 0 rg BT 263.36 225.40 Td (NexGen ) Tj ET Q q 0 0 0 rg BT 307.63 225.40 Td (entered ) Tj ET Q q 0 0 0 rg BT 348.85 225.40 Td (into ) Tj ET Q q 0 0 0 rg BT 370.49 225.40 Td (a ) Tj ET Q q 0 0 0 rg BT 380.52 225.40 Td (contribution ) Tj ET Q q 0 0 0 rg BT 441.30 225.40 Td (agreement ) Tj ET Q q 0 0 0 rg BT 497.80 225.40 Td (where, ) Tj ET Q q 0 0 0 rg BT 534.73 225.40 Td (in ) Tj ET Q q 0 0 0 rg BT 547.20 225.40 Td (the ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 212.20 Td (event ) Tj ET Q q 0 0 0 rg BT 78.85 212.20 Td (of ) Tj ET Q q 0 0 0 rg BT 90.47 212.20 Td (such ) Tj ET Q q 0 0 0 rg BT 116.15 212.20 Td (a ) Tj ET Q q 0 0 0 rg BT 124.71 212.20 Td (breach, ) Tj ET Q q 0 0 0 rg BT 163.84 212.20 Td (they ) Tj ET Q q 0 0 0 rg BT 187.07 212.20 Td (have ) Tj ET Q q 0 0 0 rg BT 213.37 212.20 Td (agreed ) Tj ET Q q 0 0 0 rg BT 250.06 212.20 Td (to ) Tj ET Q q 0 0 0 rg BT 261.68 212.20 Td (contribute ) Tj ET Q q 0 0 0 rg BT 312.43 212.20 Td (their ) Tj ET Q q 0 0 0 rg BT 336.27 212.20 Td (pro ) Tj ET Q q 0 0 0 rg BT 354.61 212.20 Td (rata ) Tj ET Q q 0 0 0 rg BT 376.01 212.20 Td (share ) Tj ET Q q 0 0 0 rg BT 405.97 212.20 Td (of ) Tj ET Q q 0 0 0 rg BT 417.59 212.20 Td (any ) Tj ET Q q 0 0 0 rg BT 437.77 212.20 Td (amounts ) Tj ET Q q 0 0 0 rg BT 482.40 212.20 Td (under ) Tj ET Q q 0 0 0 rg BT 512.98 212.20 Td (the ) Tj ET Q q 0 0 0 rg BT 530.71 212.20 Td (limited ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 199.00 Td (guarantee. ) Tj ET Q q 0 0 0 rg BT 105.16 199.00 Td ( ) Tj ET Q q 0 0 0 rg BT 108.21 199.00 Td ( ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 173.80 Td (The ) Tj ET Q q 0 0 0 rg BT 72.99 173.80 Td (Class ) Tj ET Q q 0 0 0 rg BT 105.03 173.80 Td (B ) Tj ET Q q 0 0 0 rg BT 116.91 173.80 Td (units ) Tj ET Q q 0 0 0 rg BT 144.68 173.80 Td (are ) Tj ET Q q 0 0 0 rg BT 165.11 173.80 Td (considered ) Tj ET Q q 0 0 0 rg BT 223.46 173.80 Td (conditionally ) Tj ET Q q 0 0 0 rg BT 288.54 173.80 Td (redeemable. ) Tj ET Q q 0 0 0 rg BT 353.32 173.80 Td (As ) Tj ET Q q 0 0 0 rg BT 370.70 173.80 Td (specified ) Tj ET Q q 0 0 0 rg BT 418.65 173.80 Td (in ) Tj ET Q q 0 0 0 rg BT 431.75 173.80 Td (the ) Tj ET Q q 0 0 0 rg BT 451.57 173.80 Td (Second ) Tj ET Q q 0 0 0 rg BT 492.52 173.80 Td (Amended ) Tj ET Q q 0 0 0 rg BT 544.14 173.80 Td (and ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 160.60 Td (Restated ) Tj ET Q q 0 0 0 rg BT 97.38 160.60 Td (Operating ) Tj ET Q q 0 0 0 rg BT 148.78 160.60 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 206.44 160.60 Td (and ) Tj ET Q q 0 0 0 rg BT 228.65 160.60 Td (the ) Tj ET Q q 0 0 0 rg BT 247.80 160.60 Td (Class ) Tj ET Q q 0 0 0 rg BT 279.16 160.60 Td (B ) Tj ET Q q 0 0 0 rg BT 290.35 160.60 Td (unit ) Tj ET Q q 0 0 0 rg BT 311.95 160.60 Td (purchase ) Tj ET Q q 0 0 0 rg BT 361.05 160.60 Td (agreement, ) Tj ET Q q 0 0 0 rg BT 420.55 160.60 Td (on ) Tj ET Q q 0 0 0 rg BT 436.65 160.60 Td (or ) Tj ET Q q 0 0 0 rg BT 450.28 160.60 Td (after ) Tj ET Q q 0 0 0 rg BT 476.15 160.60 Td (the ) Tj ET Q q 0 0 0 rg BT 495.30 160.60 Td (earlier ) Tj ET Q q 0 0 0 rg BT 529.72 160.60 Td (of ) Tj ET Q q 0 0 0 rg BT 542.75 160.60 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 556.38 160.60 Td (a ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 147.40 Td (breach ) Tj ET Q q 0 0 0 rg BT 86.94 147.40 Td (of ) Tj ET Q q 0 0 0 rg BT 99.92 147.40 Td (any ) Tj ET Q q 0 0 0 rg BT 121.45 147.40 Td (material ) Tj ET Q q 0 0 0 rg BT 164.38 147.40 Td (provision ) Tj ET Q q 0 0 0 rg BT 212.21 147.40 Td (of ) Tj ET Q q 0 0 0 rg BT 225.18 147.40 Td (the ) Tj ET Q q 0 0 0 rg BT 244.28 147.40 Td (Class ) Tj ET Q q 0 0 0 rg BT 275.59 147.40 Td (B ) Tj ET Q q 0 0 0 rg BT 286.73 147.40 Td (unit ) Tj ET Q q 0 0 0 rg BT 308.27 147.40 Td (purchase ) Tj ET Q q 0 0 0 rg BT 357.32 147.40 Td (agreement ) Tj ET Q q 0 0 0 rg BT 413.71 147.40 Td (or ) Tj ET Q q 0 0 0 rg BT 427.30 147.40 Td (Clean ) Tj ET Q q 0 0 0 rg BT 459.84 147.40 Td (Coal) Tj ET Q q 0 0 0 rg BT 484.71 147.40 Td (s ) Tj ET Q q 0 0 0 rg BT 494.02 147.40 Td (organizational ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 134.20 Td (documents ) Tj ET Q q 0 0 0 rg BT 106.79 134.20 Td (that ) Tj ET Q q 0 0 0 rg BT 128.62 134.20 Td (is ) Tj ET Q q 0 0 0 rg BT 140.05 134.20 Td (not ) Tj ET Q q 0 0 0 rg BT 158.83 134.20 Td (cured ) Tj ET Q q 0 0 0 rg BT 189.83 134.20 Td (and ) Tj ET Q q 0 0 0 rg BT 211.67 134.20 Td (that ) Tj ET Q q 0 0 0 rg BT 233.50 134.20 Td (results ) Tj ET Q q 0 0 0 rg BT 269.38 134.20 Td (in ) Tj ET Q q 0 0 0 rg BT 281.43 134.20 Td (damages ) Tj ET Q q 0 0 0 rg BT 330.16 134.20 Td (to ) Tj ET Q q 0 0 0 rg BT 342.82 134.20 Td (GSFS ) Tj ET Q q 0 0 0 rg BT 376.25 134.20 Td (of ) Tj ET Q q 0 0 0 rg BT 388.91 134.20 Td (at ) Tj ET Q q 0 0 0 rg BT 401.57 134.20 Td (least ) Tj ET Q q 0 0 0 rg BT 428.29 134.20 Td ($10.0 ) Tj ET Q q 0 0 0 rg BT 459.30 134.20 Td (million ) Tj ET Q q 0 0 0 rg BT 493.96 134.20 Td (and ) Tj ET Q q 0 0 0 rg BT 515.80 134.20 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 531.50 134.20 Td (the ) Tj ET Q q 0 0 0 rg BT 550.27 134.20 Td (10 ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 121.00 Td (year ) Tj ET Q q 0 0 0 rg BT 73.53 121.00 Td (anniversary ) Tj ET Q q 0 0 0 rg BT 133.02 121.00 Td (of ) Tj ET Q q 0 0 0 rg BT 144.82 121.00 Td (the ) Tj ET Q q 0 0 0 rg BT 162.74 121.00 Td (date ) Tj ET Q q 0 0 0 rg BT 186.78 121.00 Td (the ) Tj ET Q q 0 0 0 rg BT 204.70 121.00 Td (last ) Tj ET Q q 0 0 0 rg BT 224.45 121.00 Td (RC ) Tj ET Q q 0 0 0 rg BT 242.96 121.00 Td (Facility ) Tj ET Q q 0 0 0 rg BT 279.82 121.00 Td (owned ) Tj ET Q q 0 0 0 rg BT 314.86 121.00 Td (by ) Tj ET Q q 0 0 0 rg BT 329.11 121.00 Td (Clean ) Tj ET Q q 0 0 0 rg BT 360.48 121.00 Td (Coal ) Tj ET Q q 0 0 0 rg BT 385.73 121.00 Td (was ) Tj ET Q q 0 0 0 rg BT 407.92 121.00 Td (placed ) Tj ET Q q 0 0 0 rg BT 442.97 121.00 Td (in ) Tj ET Q q 0 0 0 rg BT 454.16 121.00 Td (service ) Tj ET Q q 0 0 0 rg BT 491.63 121.00 Td (but ) Tj ET Q q 0 0 0 rg BT 509.55 121.00 Td (in ) Tj ET Q q 0 0 0 rg BT 520.74 121.00 Td (no ) Tj ET Q q 0 0 0 rg BT 535.60 121.00 Td (event ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 107.80 Td (later ) Tj ET Q q 0 0 0 rg BT 74.27 107.80 Td (than ) Tj ET Q q 0 0 0 rg BT 99.04 107.80 Td (December ) Tj ET Q q 0 0 0 rg BT 153.15 107.80 Td (31, ) Tj ET Q q 0 0 0 rg BT 171.81 107.80 Td (2021, ) Tj ET Q q 0 0 0 rg BT 202.71 107.80 Td (and ) Tj ET Q q 0 0 0 rg BT 224.43 107.80 Td (if ) Tj ET Q q 0 0 0 rg BT 233.30 107.80 Td (GSFS) Tj ET Q q 0 0 0 rg BT 265.28 107.80 Td ( ) Tj ET Q q 0 0 0 rg BT 268.65 107.80 Td (unrecovered ) Tj ET Q q 0 0 0 rg BT 333.17 107.80 Td (investment ) Tj ET Q q 0 0 0 rg BT 389.73 107.80 Td (balance ) Tj ET Q q 0 0 0 rg BT 431.63 107.80 Td (in ) Tj ET Q q 0 0 0 rg BT 443.56 107.80 Td (its ) Tj ET Q q 0 0 0 rg BT 457.92 107.80 Td (Class ) Tj ET Q q 0 0 0 rg BT 488.80 107.80 Td (B ) Tj ET Q q 0 0 0 rg BT 499.50 107.80 Td (units ) Tj ET Q q 0 0 0 rg BT 526.11 107.80 Td (has ) Tj ET Q q 0 0 0 rg BT 547.21 107.80 Td (not ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 94.60 Td (been ) Tj ET Q q 0 0 0 rg BT 78.25 94.60 Td (reduced ) Tj ET Q q 0 0 0 rg BT 122.28 94.60 Td (to ) Tj ET Q q 0 0 0 rg BT 135.74 94.60 Td (zero, ) Tj ET Q q 0 0 0 rg BT 164.47 94.60 Td (GSFS ) Tj ET Q q 0 0 0 rg BT 198.70 94.60 Td (may ) Tj ET Q q 0 0 0 rg BT 223.76 94.60 Td (require ) Tj ET Q q 0 0 0 rg BT 262.28 94.60 Td (its ) Tj ET Q q 0 0 0 rg BT 277.56 94.60 Td (Class ) Tj ET Q q 0 0 0 rg BT 309.34 94.60 Td (B ) Tj ET Q q 0 0 0 rg BT 320.96 94.60 Td (units ) Tj ET Q q 0 0 0 rg BT 348.48 94.60 Td (to ) Tj ET Q q 0 0 0 rg BT 361.93 94.60 Td (be ) Tj ET Q q 0 0 0 rg BT 378.45 94.60 Td (redeemed ) Tj ET Q q 0 0 0 rg BT 432.26 94.60 Td (for ) Tj ET Q q 0 0 0 rg BT 449.37 94.60 Td (an ) Tj ET Q q 0 0 0 rg BT 465.89 94.60 Td (amount ) Tj ET Q q 0 0 0 rg BT 506.86 94.60 Td (equal ) Tj ET Q q 0 0 0 rg BT 538.05 94.60 Td (to ) Tj ET Q q 0 0 0 rg BT 551.51 94.60 Td (its ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 81.40 Td (unrecovered ) Tj ET Q q 0 0 0 rg BT 113.09 81.40 Td (investment ) Tj ET Q q 0 0 0 rg BT 168.73 81.40 Td (balance. ) Tj ET Q q 0 0 0 rg BT 212.76 81.40 Td (No ) Tj ET Q q 0 0 0 rg BT 229.27 81.40 Td (triggering ) Tj ET Q q 0 0 0 rg BT 277.57 81.40 Td (redemption ) Tj ET Q q 0 0 0 rg BT 335.05 81.40 Td (events ) Tj ET Q q 0 0 0 rg BT 369.90 81.40 Td (have ) Tj ET Q q 0 0 0 rg BT 396.20 81.40 Td (occurred ) Tj ET Q q 0 0 0 rg BT 441.44 81.40 Td (as ) Tj ET Q q 0 0 0 rg BT 455.50 81.40 Td (of ) Tj ET Q q 0 0 0 rg BT 467.12 81.40 Td (December ) Tj ET Q q 0 0 0 rg BT 520.30 81.40 Td (31, ) Tj ET Q q 0 0 0 rg BT 538.04 81.40 Td (2015 ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 68.20 Td (and ) Tj ET Q q 0 0 0 rg BT 71.30 68.20 Td (2014, ) Tj ET Q q 0 0 0 rg BT 102.28 68.20 Td (respectively) Tj ET Q q 0 0 0 rg BT 159.54 68.20 Td (. ) Tj ET Q q 0 0 0 rg BT 166.04 68.20 Td (GSFS) Tj ET Q q 0 0 0 rg BT 198.03 68.20 Td ( ) Tj ET Q q 0 0 0 rg BT 201.48 68.20 Td (Class ) Tj ET Q q 0 0 0 rg BT 232.43 68.20 Td (B ) Tj ET Q q 0 0 0 rg BT 243.22 68.20 Td (units ) Tj ET Q q 0 0 0 rg BT 269.90 68.20 Td (include ) Tj ET Q q 0 0 0 rg BT 308.21 68.20 Td (a ) Tj ET Q q 0 0 0 rg BT 317.77 68.20 Td (guaranteed ) Tj ET Q q 0 0 0 rg BT 376.88 68.20 Td (15% ) Tj ET Q q 0 0 0 rg BT 402.35 68.20 Td (annual ) Tj ET Q q 0 0 0 rg BT 438.83 68.20 Td (return ) Tj ET Q q 0 0 0 rg BT 471.01 68.20 Td (calculated ) Tj ET Q q 0 0 0 rg BT 523.99 68.20 Td (monthly ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 55.00 Td (based ) Tj ET Q q 0 0 0 rg BT 82.98 55.00 Td (upon ) Tj ET Q q 0 0 0 rg BT 110.97 55.00 Td (the ) Tj ET Q q 0 0 0 rg BT 129.77 55.00 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 190.16 55.00 Td (balance ) Tj ET Q q 0 0 0 rg BT 232.21 55.00 Td (as ) Tj ET Q q 0 0 0 rg BT 247.34 55.00 Td (of ) Tj ET Q q 0 0 0 rg BT 260.03 55.00 Td (that ) Tj ET Q q 0 0 0 rg BT 281.89 55.00 Td (date ) Tj ET Q q 0 0 0 rg BT 306.81 55.00 Td (less ) Tj ET Q q 0 0 0 rg BT 329.88 55.00 Td (any ) Tj ET Q q 0 0 0 rg BT 351.13 55.00 Td (distributions ) Tj ET Q q 0 0 0 rg BT 413.34 55.00 Td (of ) Tj ET Q q 0 0 0 rg BT 426.02 55.00 Td (cash ) Tj ET Q q 0 0 0 rg BT 452.77 55.00 Td (or ) Tj ET Q q 0 0 0 rg BT 466.07 55.00 Td (PTCs, ) Tj ET Q q 0 0 0 rg BT 500.13 55.00 Td (commencing ) Tj ET Q endstream endobj 323 0 obj <> endobj 324 0 obj <> stream BT /F5 11.00 Tf ET q 0 0 0 rg BT 168.80 771.50 Td (CLEAN COAL) Tj ET Q q 0 0 0 rg BT 240.71 771.50 Td ( SOLUTIONS, LLC ) Tj ET Q q 0 0 0 rg BT 338.08 771.50 Td (AND SUBSIDIARIES) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 163.80 758.30 Td (NOTES T) Tj ET Q q 0 0 0 rg BT 211.27 758.30 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 288.07 758.30 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 372.19 758.30 Td ( ST) Tj ET Q q 0 0 0 rg BT 388.49 758.30 Td (A) Tj ET Q q 0 0 0 rg BT 395.62 758.30 Td (TEMENTS) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 209.25 745.10 Td (DECEMBER 31, 2015, 2014 ) Tj ET Q q 0 0 0 rg BT 351.30 745.10 Td (AND 2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 33.60 Td (158) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 703.00 Td (with ) Tj ET Q q 0 0 0 rg BT 72.12 703.00 Td (the ) Tj ET Q q 0 0 0 rg BT 90.47 703.00 Td (first ) Tj ET Q q 0 0 0 rg BT 111.24 703.00 Td (cash ) Tj ET Q q 0 0 0 rg BT 137.53 703.00 Td (distribution ) Tj ET Q q 0 0 0 rg BT 193.78 703.00 Td (date ) Tj ET Q q 0 0 0 rg BT 218.25 703.00 Td (of ) Tj ET Q q 0 0 0 rg BT 230.48 703.00 Td (March ) Tj ET Q q 0 0 0 rg BT 264.10 703.00 Td (2013. ) Tj ET Q q 0 0 0 rg BT 294.68 703.00 Td ( ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 677.80 Td (The ) Tj ET Q q 0 0 0 rg BT 71.14 677.80 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 95.21 677.80 Td (Securities ) Tj ET Q q 0 0 0 rg BT 146.19 677.80 Td (and ) Tj ET Q q 0 0 0 rg BT 167.23 677.80 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 218.84 677.80 Td (Commission ) Tj ET Q q 0 0 0 rg BT 282.03 677.80 Td (\(the ) Tj ET Q q 0 0 0 rg BT 303.67 677.80 Td (SEC\) ) Tj ET Q q 0 0 0 rg BT 339.96 677.80 Td (requires ) Tj ET Q q 0 0 0 rg BT 382.38 677.80 Td (conditionally ) Tj ET Q q 0 0 0 rg BT 445.60 677.80 Td (redeemable ) Tj ET Q q 0 0 0 rg BT 506.38 677.80 Td (equity ) Tj ET Q q 0 0 0 rg BT 538.42 677.80 Td (to ) Tj ET Q q 0 0 0 rg BT 550.27 677.80 Td (be ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 664.60 Td (classified ) Tj ET Q q 0 0 0 rg BT 97.80 664.60 Td (outside ) Tj ET Q q 0 0 0 rg BT 136.32 664.60 Td (of ) Tj ET Q q 0 0 0 rg BT 148.55 664.60 Td (permanent ) Tj ET Q q 0 0 0 rg BT 204.20 664.60 Td (equity) Tj ET Q q 0 0 0 rg BT 232.73 664.60 Td (. ) Tj ET Q q 0 0 0 rg BT 238.85 664.60 Td (Because ) Tj ET Q q 0 0 0 rg BT 284.71 664.60 Td (the ) Tj ET Q q 0 0 0 rg BT 303.06 664.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 346.47 664.60 Td (statements ) Tj ET Q q 0 0 0 rg BT 403.33 664.60 Td (of ) Tj ET Q q 0 0 0 rg BT 415.56 664.60 Td (the ) Tj ET Q q 0 0 0 rg BT 433.91 664.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 484.04 664.60 Td (are ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 651.40 Td (expected ) Tj ET Q q 0 0 0 rg BT 96.89 651.40 Td (to ) Tj ET Q q 0 0 0 rg BT 108.81 651.40 Td (be ) Tj ET Q q 0 0 0 rg BT 123.79 651.40 Td (furnished ) Tj ET Q q 0 0 0 rg BT 171.78 651.40 Td (to ) Tj ET Q q 0 0 0 rg BT 183.70 651.40 Td (the ) Tj ET Q q 0 0 0 rg BT 201.74 651.40 Td (SEC ) Tj ET Q q 0 0 0 rg BT 227.10 651.40 Td (as ) Tj ET Q q 0 0 0 rg BT 241.46 651.40 Td (part ) Tj ET Q q 0 0 0 rg BT 263.16 651.40 Td (of ) Tj ET Q q 0 0 0 rg BT 275.08 651.40 Td (a ) Tj ET Q q 0 0 0 rg BT 283.94 651.40 Td (filing ) Tj ET Q q 0 0 0 rg BT 309.30 651.40 Td (by ) Tj ET Q q 0 0 0 rg BT 323.67 651.40 Td (one ) Tj ET Q q 0 0 0 rg BT 344.76 651.40 Td (of ) Tj ET Q q 0 0 0 rg BT 356.68 651.40 Td (the ) Tj ET Q q 0 0 0 rg BT 374.72 651.40 Td (Company) Tj ET Q q 0 0 0 rg BT 424.04 651.40 Td (s ) Tj ET Q q 0 0 0 rg BT 432.28 651.40 Td (Members, ) Tj ET Q q 0 0 0 rg BT 483.93 651.40 Td (the ) Tj ET Q q 0 0 0 rg BT 501.96 651.40 Td (conditionally ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 638.20 Td (redeemable ) Tj ET Q q 0 0 0 rg BT 112.18 638.20 Td (amount ) Tj ET Q q 0 0 0 rg BT 153.45 638.20 Td (has ) Tj ET Q q 0 0 0 rg BT 175.77 638.20 Td (been ) Tj ET Q q 0 0 0 rg BT 204.82 638.20 Td (reclassified ) Tj ET Q q 0 0 0 rg BT 264.42 638.20 Td (out ) Tj ET Q q 0 0 0 rg BT 284.30 638.20 Td (of ) Tj ET Q q 0 0 0 rg BT 298.05 638.20 Td (permanent ) Tj ET Q q 0 0 0 rg BT 355.23 638.20 Td (equity ) Tj ET Q q 0 0 0 rg BT 389.16 638.20 Td (and ) Tj ET Q q 0 0 0 rg BT 412.10 638.20 Td (into ) Tj ET Q q 0 0 0 rg BT 434.41 638.20 Td (temporary ) Tj ET Q q 0 0 0 rg BT 488.51 638.20 Td (equity ) Tj ET Q q 0 0 0 rg BT 522.45 638.20 Td (in ) Tj ET Q q 0 0 0 rg BT 535.59 638.20 Td (these ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 625.00 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 114.63 625.00 Td (financial ) Tj ET Q q 0 0 0 rg BT 158.34 625.00 Td (statements. ) Tj ET Q q 0 0 0 rg BT 217.89 625.00 Td (Additionally) Tj ET Q q 0 0 0 rg BT 273.33 625.00 Td (, ) Tj ET Q q 0 0 0 rg BT 279.74 625.00 Td (the ) Tj ET Q q 0 0 0 rg BT 298.39 625.00 Td (income ) Tj ET Q q 0 0 0 rg BT 337.21 625.00 Td (and ) Tj ET Q q 0 0 0 rg BT 358.92 625.00 Td (member ) Tj ET Q q 0 0 0 rg BT 402.62 625.00 Td (equity ) Tj ET Q q 0 0 0 rg BT 435.33 625.00 Td (attributable ) Tj ET Q q 0 0 0 rg BT 493.11 625.00 Td (to ) Tj ET Q q 0 0 0 rg BT 505.65 625.00 Td (the ) Tj ET Q q 0 0 0 rg BT 524.29 625.00 Td (Class ) Tj ET Q q 0 0 0 rg BT 555.16 625.00 Td (B ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 611.80 Td (members ) Tj ET Q q 0 0 0 rg BT 98.40 611.80 Td (has ) Tj ET Q q 0 0 0 rg BT 119.19 611.80 Td (been ) Tj ET Q q 0 0 0 rg BT 146.72 611.80 Td (reclassified ) Tj ET Q q 0 0 0 rg BT 204.79 611.80 Td (and ) Tj ET Q q 0 0 0 rg BT 226.20 611.80 Td (is ) Tj ET Q q 0 0 0 rg BT 237.20 611.80 Td (separately ) Tj ET Q q 0 0 0 rg BT 291.01 611.80 Td (presented ) Tj ET Q q 0 0 0 rg BT 342.99 611.80 Td (in ) Tj ET Q q 0 0 0 rg BT 354.61 611.80 Td (the ) Tj ET Q q 0 0 0 rg BT 372.96 611.80 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 437.78 611.80 Td (financial ) Tj ET Q q 0 0 0 rg BT 481.20 611.80 Td (statements.) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 586.60 Td (Additionally) Tj ET Q q 0 0 0 rg BT 104.94 586.60 Td (, ) Tj ET Q q 0 0 0 rg BT 112.04 586.60 Td (GSFS ) Tj ET Q q 0 0 0 rg BT 146.04 586.60 Td (has ) Tj ET Q q 0 0 0 rg BT 167.82 586.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 204.88 586.60 Td (preferences ) Tj ET Q q 0 0 0 rg BT 267.02 586.60 Td (over ) Tj ET Q q 0 0 0 rg BT 292.47 586.60 Td (Class ) Tj ET Q q 0 0 0 rg BT 323.21 586.60 Td (A) Tj ET Q q 0 0 0 rg BT 329.94 586.60 Td ( ) Tj ET Q q 0 0 0 rg BT 333.99 586.60 Td (Members ) Tj ET Q q 0 0 0 rg BT 383.88 586.60 Td (as ) Tj ET Q q 0 0 0 rg BT 399.54 586.60 Td (to ) Tj ET Q q 0 0 0 rg BT 412.77 586.60 Td (liquidation ) Tj ET Q q 0 0 0 rg BT 466.35 586.60 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 515.65 586.60 Td (and ) Tj ET Q q 0 0 0 rg BT 538.05 586.60 Td (profit ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 573.40 Td (distribution. ) Tj ET Q q 0 0 0 rg BT 108.81 573.40 Td (GSFS ) Tj ET Q q 0 0 0 rg BT 141.81 573.40 Td (Class ) Tj ET Q q 0 0 0 rg BT 172.37 573.40 Td (B ) Tj ET Q q 0 0 0 rg BT 182.77 573.40 Td (units ) Tj ET Q q 0 0 0 rg BT 209.06 573.40 Td (have ) Tj ET Q q 0 0 0 rg BT 235.97 573.40 Td (no ) Tj ET Q q 0 0 0 rg BT 251.26 573.40 Td (further ) Tj ET Q q 0 0 0 rg BT 286.11 573.40 Td (capital ) Tj ET Q q 0 0 0 rg BT 320.96 573.40 Td (call ) Tj ET Q q 0 0 0 rg BT 340.52 573.40 Td (requirements ) Tj ET Q q 0 0 0 rg BT 407.77 573.40 Td (and ) Tj ET Q q 0 0 0 rg BT 429.18 573.40 Td (have ) Tj ET Q q 0 0 0 rg BT 456.09 573.40 Td (limited ) Tj ET Q q 0 0 0 rg BT 490.93 573.40 Td (voting ) Tj ET Q q 0 0 0 rg BT 523.34 573.40 Td (rights.) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 548.20 Td (The ) Tj ET Q q 0 0 0 rg BT 73.17 548.20 Td (Company ) Tj ET Q q 0 0 0 rg BT 124.96 548.20 Td (had ) Tj ET Q q 0 0 0 rg BT 148.03 548.20 Td (the ) Tj ET Q q 0 0 0 rg BT 168.03 548.20 Td (following ) Tj ET Q q 0 0 0 rg BT 215.55 548.20 Td (classes ) Tj ET Q q 0 0 0 rg BT 256.94 548.20 Td (and ) Tj ET Q q 0 0 0 rg BT 280.01 548.20 Td (percentages ) Tj ET Q q 0 0 0 rg BT 345.27 548.20 Td (of ) Tj ET Q q 0 0 0 rg BT 359.15 548.20 Td (member ) Tj ET Q q 0 0 0 rg BT 404.21 548.20 Td (units ) Tj ET Q q 0 0 0 rg BT 432.16 548.20 Td (issued ) Tj ET Q q 0 0 0 rg BT 468.67 548.20 Td (and ) Tj ET Q q 0 0 0 rg BT 491.74 548.20 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 553.33 548.20 Td (at ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 535.00 Td (December ) Tj ET Q q 0 0 0 rg BT 103.30 535.00 Td (31, ) Tj ET Q q 0 0 0 rg BT 121.64 535.00 Td (2015 ) Tj ET Q q 0 0 0 rg BT 149.17 535.00 Td (and ) Tj ET Q q 0 0 0 rg BT 170.58 535.00 Td (2014:) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 168.00 501.99 Td (Class A Units \(voting\)) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 419.90 501.99 Td (85) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 432.15 501.99 Td ( %) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 168.00 486.99 Td (Class B Units \(non-voting\)) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 419.90 486.99 Td (15) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 435.20 486.99 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F5 11.00 Tf ET q 0 0 0 rg BT 49.50 443.40 Td (NOTE ) Tj ET Q q 0 0 0 rg BT 83.11 443.40 Td (8 ) Tj ET Q q 0 0 0 rg BT 92.29 443.40 Td (- ) Tj ET Q q 0 0 0 rg BT 99.01 443.40 Td (INCOME ) Tj ET Q q 0 0 0 rg BT 146.06 443.40 Td (T) Tj ET Q q 0 0 0 rg BT 151.96 443.40 Td (AXES) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 418.20 Td (For the years ended December 31, 2015 and 2014, state income tax expense, consisted of the following:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323.5 379.5 m 403.5 379.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 379.5 m 487.5 379.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 379.5 m 487.5 379.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323.5 349.5 m 403.5 349.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323.5 335.5 m 403.5 335.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323.5 333.5 m 403.5 333.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 349.5 m 407.5 349.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 335.5 m 407.5 335.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 333.5 m 407.5 333.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 349.5 m 487.5 349.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 335.5 m 487.5 335.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 333.5 m 487.5 333.5 l s BT /F5 11.00 Tf ET q 0 0 0 rg BT 350.75 383.99 Td (2015) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 434.75 383.99 Td (2014) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 126.00 368.99 Td (Current) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 326.00 368.99 Td ($) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 359.50 368.99 Td (880,930) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 410.00 368.99 Td ($) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 434.30 368.99 Td (1,823,205) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 126.00 353.99 Td (Deferred) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 360.20 353.99 Td (338,891) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 436.90 353.99 Td (\(397,134\)) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 126.00 338.99 Td (Total income tax expense) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 326.00 338.99 Td ($) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 350.35 338.99 Td (1,219,821) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 410.00 338.99 Td ($) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 434.30 338.99 Td (1,426,071) Tj ET Q BT /F1 10.00 Tf ET BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 309.80 Td (No ) Tj ET Q q 0 0 0 rg BT 66.62 309.80 Td (state ) Tj ET Q q 0 0 0 rg BT 93.52 309.80 Td (income ) Tj ET Q q 0 0 0 rg BT 132.04 309.80 Td (tax ) Tj ET Q q 0 0 0 rg BT 149.77 309.80 Td (expense ) Tj ET Q q 0 0 0 rg BT 194.41 309.80 Td (was ) Tj ET Q q 0 0 0 rg BT 217.03 309.80 Td (recorded ) Tj ET Q q 0 0 0 rg BT 263.50 309.80 Td (during ) Tj ET Q q 0 0 0 rg BT 297.13 309.80 Td (the ) Tj ET Q q 0 0 0 rg BT 315.48 309.80 Td (year ) Tj ET Q q 0 0 0 rg BT 339.94 309.80 Td (ended ) Tj ET Q q 0 0 0 rg BT 373.58 309.80 Td (December ) Tj ET Q q 0 0 0 rg BT 427.38 309.80 Td (31, ) Tj ET Q q 0 0 0 rg BT 445.73 309.80 Td (2013.) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 284.60 Td (The ) Tj ET Q q 0 0 0 rg BT 71.93 284.60 Td (following ) Tj ET Q q 0 0 0 rg BT 118.21 284.60 Td (represents ) Tj ET Q q 0 0 0 rg BT 173.66 284.60 Td (the ) Tj ET Q q 0 0 0 rg BT 192.43 284.60 Td (approximate ) Tj ET Q q 0 0 0 rg BT 256.44 284.60 Td (tax ) Tj ET Q q 0 0 0 rg BT 274.60 284.60 Td (ef) Tj ET Q q 0 0 0 rg BT 283.57 284.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 304.78 284.60 Td (of ) Tj ET Q q 0 0 0 rg BT 317.43 284.60 Td (each ) Tj ET Q q 0 0 0 rg BT 344.76 284.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 397.16 284.60 Td (type ) Tj ET Q q 0 0 0 rg BT 421.43 284.60 Td (of ) Tj ET Q q 0 0 0 rg BT 434.08 284.60 Td (temporary ) Tj ET Q q 0 0 0 rg BT 487.07 284.60 Td (dif) Tj ET Q q 0 0 0 rg BT 498.49 284.60 Td (ferences ) Tj ET Q q 0 0 0 rg BT 544.16 284.60 Td (and ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 271.40 Td (classification ) Tj ET Q q 0 0 0 rg BT 114.91 271.40 Td (of ) Tj ET Q q 0 0 0 rg BT 127.14 271.40 Td (net ) Tj ET Q q 0 0 0 rg BT 145.49 271.40 Td (deferred ) Tj ET Q q 0 0 0 rg BT 189.52 271.40 Td (income ) Tj ET Q q 0 0 0 rg BT 228.04 271.40 Td (taxes ) Tj ET Q q 0 0 0 rg BT 257.38 271.40 Td (as ) Tj ET Q q 0 0 0 rg BT 272.06 271.40 Td (of ) Tj ET Q q 0 0 0 rg BT 284.29 271.40 Td (December ) Tj ET Q q 0 0 0 rg BT 338.08 271.40 Td (31, ) Tj ET Q q 0 0 0 rg BT 356.43 271.40 Td (2015:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 232.70000000000005 m 353 232.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357 232.70000000000005 m 445 232.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449 232.70000000000005 m 520 232.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 187.70000000000005 m 353 187.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 172.70000000000005 m 353 172.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 170.70000000000005 m 353 170.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357 187.70000000000005 m 445 187.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357 172.70000000000005 m 445 172.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357 170.70000000000005 m 445 170.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449 187.70000000000005 m 520 187.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449 172.70000000000005 m 520 172.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449 170.70000000000005 m 520 170.70000000000005 l s BT /F5 11.00 Tf ET q 0 0 0 rg BT 289.10 237.19 Td (Current) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 372.15 237.19 Td (Long-Term) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 471.25 237.19 Td (Total) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 93.50 207.19 Td (Deferred tax assets) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 268.50 207.19 Td ($) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 309.00 207.19 Td (238,900) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 359.50 207.19 Td ($) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 413.25 207.24 Td (1,200) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 451.50 207.19 Td ($) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 476.00 207.24 Td (240,100) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 93.50 192.19 Td (Deferred tax liabilities) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 337.75 192.19 Td () Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 403.45 192.24 Td (\(22,700) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 440.80 192.19 Td (\)) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 478.45 192.24 Td (\(22,700) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 515.80 192.19 Td (\)) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 93.50 176.54 Td (Net deferred income taxes) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 268.50 176.54 Td ($) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 309.00 176.54 Td (238,900) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 359.50 176.54 Td ($) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 403.45 176.59 Td (\(21,500) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 440.80 176.54 Td (\)) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 451.50 176.54 Td ($) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 476.00 176.59 Td (217,400) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 325 0 obj <> endobj 326 0 obj <> stream BT /F5 11.00 Tf ET q 0 0 0 rg BT 168.80 771.50 Td (CLEAN COAL) Tj ET Q q 0 0 0 rg BT 240.71 771.50 Td ( SOLUTIONS, LLC ) Tj ET Q q 0 0 0 rg BT 338.08 771.50 Td (AND SUBSIDIARIES) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 163.80 758.30 Td (NOTES T) Tj ET Q q 0 0 0 rg BT 211.27 758.30 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 288.07 758.30 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 372.19 758.30 Td ( ST) Tj ET Q q 0 0 0 rg BT 388.49 758.30 Td (A) Tj ET Q q 0 0 0 rg BT 395.62 758.30 Td (TEMENTS) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 209.25 745.10 Td (DECEMBER 31, 2015, 2014 ) Tj ET Q q 0 0 0 rg BT 351.30 745.10 Td (AND 2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 33.60 Td (159) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 703.00 Td (The ) Tj ET Q q 0 0 0 rg BT 71.93 703.00 Td (following ) Tj ET Q q 0 0 0 rg BT 118.21 703.00 Td (represents ) Tj ET Q q 0 0 0 rg BT 173.66 703.00 Td (the ) Tj ET Q q 0 0 0 rg BT 192.43 703.00 Td (approximate ) Tj ET Q q 0 0 0 rg BT 256.44 703.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 274.60 703.00 Td (ef) Tj ET Q q 0 0 0 rg BT 283.57 703.00 Td (fect ) Tj ET Q q 0 0 0 rg BT 304.78 703.00 Td (of ) Tj ET Q q 0 0 0 rg BT 317.43 703.00 Td (each ) Tj ET Q q 0 0 0 rg BT 344.76 703.00 Td (significant ) Tj ET Q q 0 0 0 rg BT 397.16 703.00 Td (type ) Tj ET Q q 0 0 0 rg BT 421.43 703.00 Td (of ) Tj ET Q q 0 0 0 rg BT 434.08 703.00 Td (temporary ) Tj ET Q q 0 0 0 rg BT 487.07 703.00 Td (dif) Tj ET Q q 0 0 0 rg BT 498.49 703.00 Td (ferences ) Tj ET Q q 0 0 0 rg BT 544.16 703.00 Td (and ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 689.80 Td (classification ) Tj ET Q q 0 0 0 rg BT 114.91 689.80 Td (of ) Tj ET Q q 0 0 0 rg BT 127.14 689.80 Td (net ) Tj ET Q q 0 0 0 rg BT 145.49 689.80 Td (deferred ) Tj ET Q q 0 0 0 rg BT 189.52 689.80 Td (income ) Tj ET Q q 0 0 0 rg BT 228.04 689.80 Td (taxes ) Tj ET Q q 0 0 0 rg BT 257.38 689.80 Td (as ) Tj ET Q q 0 0 0 rg BT 272.06 689.80 Td (of ) Tj ET Q q 0 0 0 rg BT 284.29 689.80 Td (December ) Tj ET Q q 0 0 0 rg BT 338.08 689.80 Td (31, ) Tj ET Q q 0 0 0 rg BT 356.43 689.80 Td (2014:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 651.1 m 353 651.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357 651.1 m 445 651.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449 651.1 m 520 651.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 606.1 m 353 606.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 591.1 m 353 591.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 589.1 m 353 589.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357 606.1 m 445 606.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357 591.1 m 445 591.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357 589.1 m 445 589.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449 606.1 m 520 606.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449 591.1 m 520 591.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449 589.1 m 520 589.1 l s BT /F5 11.00 Tf ET q 0 0 0 rg BT 289.10 655.59 Td (Current) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 372.15 655.59 Td (Long-Term) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 471.25 655.59 Td (Total) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 93.50 625.59 Td (Deferred tax assets) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 268.50 625.59 Td ($) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 337.75 625.59 Td () Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 359.50 625.59 Td ($) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 401.00 625.64 Td (411,172) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 451.50 625.59 Td ($) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 476.00 625.64 Td (411,172) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 93.50 610.59 Td (Deferred tax liabilities) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 337.75 610.59 Td () Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 403.45 610.64 Td (\(14,038) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 440.80 610.59 Td (\)) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 478.45 610.64 Td (\(14,038) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 515.80 610.59 Td (\)) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 93.50 594.94 Td (Net deferred income taxes) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 268.50 594.94 Td ($) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 337.75 594.94 Td () Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 359.50 594.94 Td ($) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 401.00 594.99 Td (397,134) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 451.50 594.94 Td ($) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 476.00 594.99 Td (397,134) Tj ET Q BT /F1 10.00 Tf ET BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 564.20 Td (Deferred ) Tj ET Q q 0 0 0 rg BT 95.05 564.20 Td (income ) Tj ET Q q 0 0 0 rg BT 133.27 564.20 Td (taxes ) Tj ET Q q 0 0 0 rg BT 162.32 564.20 Td (reflect ) Tj ET Q q 0 0 0 rg BT 195.03 564.20 Td (the ) Tj ET Q q 0 0 0 rg BT 213.08 564.20 Td (net ) Tj ET Q q 0 0 0 rg BT 231.13 564.20 Td (tax ) Tj ET Q q 0 0 0 rg BT 248.56 564.20 Td (ef) Tj ET Q q 0 0 0 rg BT 257.54 564.20 Td (fects ) Tj ET Q q 0 0 0 rg BT 283.53 564.20 Td (of ) Tj ET Q q 0 0 0 rg BT 295.46 564.20 Td (temporary ) Tj ET Q q 0 0 0 rg BT 347.73 564.20 Td (dif) Tj ET Q q 0 0 0 rg BT 359.15 564.20 Td (ferences ) Tj ET Q q 0 0 0 rg BT 404.10 564.20 Td (between ) Tj ET Q q 0 0 0 rg BT 448.45 564.20 Td (the ) Tj ET Q q 0 0 0 rg BT 466.50 564.20 Td (carrying ) Tj ET Q q 0 0 0 rg BT 508.38 564.20 Td (amounts ) Tj ET Q q 0 0 0 rg BT 553.32 564.20 Td (of ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 551.00 Td (assets ) Tj ET Q q 0 0 0 rg BT 83.93 551.00 Td (and ) Tj ET Q q 0 0 0 rg BT 104.92 551.00 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 149.12 551.00 Td (for ) Tj ET Q q 0 0 0 rg BT 164.59 551.00 Td (financial ) Tj ET Q q 0 0 0 rg BT 207.59 551.00 Td (reporting ) Tj ET Q q 0 0 0 rg BT 253.64 551.00 Td (purposes ) Tj ET Q q 0 0 0 rg BT 301.52 551.00 Td (and ) Tj ET Q q 0 0 0 rg BT 322.51 551.00 Td (the ) Tj ET Q q 0 0 0 rg BT 340.44 551.00 Td (amounts ) Tj ET Q q 0 0 0 rg BT 385.27 551.00 Td (used ) Tj ET Q q 0 0 0 rg BT 411.75 551.00 Td (for ) Tj ET Q q 0 0 0 rg BT 427.23 551.00 Td (income ) Tj ET Q q 0 0 0 rg BT 465.32 551.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 482.63 551.00 Td (purposes. ) Tj ET Q q 0 0 0 rg BT 533.57 551.00 Td ( ) Tj ET Q q 0 0 0 rg BT 536.21 551.00 Td (Short ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 537.80 Td (term ) Tj ET Q q 0 0 0 rg BT 74.01 537.80 Td (and ) Tj ET Q q 0 0 0 rg BT 94.86 537.80 Td (long-term ) Tj ET Q q 0 0 0 rg BT 143.83 537.80 Td (deferred ) Tj ET Q q 0 0 0 rg BT 187.31 537.80 Td (tax ) Tj ET Q q 0 0 0 rg BT 204.48 537.80 Td (assets ) Tj ET Q q 0 0 0 rg BT 238.78 537.80 Td (are ) Tj ET Q q 0 0 0 rg BT 257.19 537.80 Td (principally ) Tj ET Q q 0 0 0 rg BT 308.60 537.80 Td (related ) Tj ET Q q 0 0 0 rg BT 344.74 537.80 Td (to ) Tj ET Q q 0 0 0 rg BT 356.42 537.80 Td (timing ) Tj ET Q q 0 0 0 rg BT 388.27 537.80 Td (dif) Tj ET Q q 0 0 0 rg BT 399.68 537.80 Td (ferences ) Tj ET Q q 0 0 0 rg BT 444.38 537.80 Td (associated ) Tj ET Q q 0 0 0 rg BT 499.47 537.80 Td (with ) Tj ET Q q 0 0 0 rg BT 521.54 537.80 Td (deferred ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 524.60 Td (revenue ) Tj ET Q q 0 0 0 rg BT 92.52 524.60 Td (for ) Tj ET Q q 0 0 0 rg BT 108.63 524.60 Td (the ) Tj ET Q q 0 0 0 rg BT 127.19 524.60 Td (years ) Tj ET Q q 0 0 0 rg BT 157.36 524.60 Td (ending ) Tj ET Q q 0 0 0 rg BT 193.66 524.60 Td (December ) Tj ET Q q 0 0 0 rg BT 247.67 524.60 Td (31, ) Tj ET Q q 0 0 0 rg BT 266.23 524.60 Td (2015 ) Tj ET Q q 0 0 0 rg BT 293.97 524.60 Td (and ) Tj ET Q q 0 0 0 rg BT 315.59 524.60 Td (2014. ) Tj ET Q q 0 0 0 rg BT 346.39 524.60 Td ( ) Tj ET Q q 0 0 0 rg BT 349.66 524.60 Td (Long ) Tj ET Q q 0 0 0 rg BT 377.40 524.60 Td (term ) Tj ET Q q 0 0 0 rg BT 402.67 524.60 Td (deferred ) Tj ET Q q 0 0 0 rg BT 446.91 524.60 Td (tax ) Tj ET Q q 0 0 0 rg BT 464.85 524.60 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 509.69 524.60 Td (are ) Tj ET Q q 0 0 0 rg BT 528.86 524.60 Td (related ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 511.40 Td (to ) Tj ET Q q 0 0 0 rg BT 62.57 511.40 Td (deferred ) Tj ET Q q 0 0 0 rg BT 107.43 511.40 Td (revenue ) Tj ET Q q 0 0 0 rg BT 151.08 511.40 Td (and ) Tj ET Q q 0 0 0 rg BT 173.32 511.40 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 237.15 511.40 Td (for ) Tj ET Q q 0 0 0 rg BT 253.88 511.40 Td (the ) Tj ET Q q 0 0 0 rg BT 273.06 511.40 Td (years ) Tj ET Q q 0 0 0 rg BT 303.85 511.40 Td (ending ) Tj ET Q q 0 0 0 rg BT 340.78 511.40 Td (December ) Tj ET Q q 0 0 0 rg BT 395.42 511.40 Td (31, ) Tj ET Q q 0 0 0 rg BT 414.60 511.40 Td (2015 ) Tj ET Q q 0 0 0 rg BT 442.96 511.40 Td (and ) Tj ET Q q 0 0 0 rg BT 465.21 511.40 Td (2014. ) Tj ET Q q 0 0 0 rg BT 496.63 511.40 Td ( ) Tj ET Q q 0 0 0 rg BT 500.52 511.40 Td (No ) Tj ET Q q 0 0 0 rg BT 518.48 511.40 Td (valuation ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 498.20 Td (allowance ) Tj ET Q q 0 0 0 rg BT 100.25 498.20 Td (was ) Tj ET Q q 0 0 0 rg BT 121.65 498.20 Td (established ) Tj ET Q q 0 0 0 rg BT 179.13 498.20 Td (as ) Tj ET Q q 0 0 0 rg BT 192.58 498.20 Td (it ) Tj ET Q q 0 0 0 rg BT 199.91 498.20 Td (is ) Tj ET Q q 0 0 0 rg BT 209.69 498.20 Td (more ) Tj ET Q q 0 0 0 rg BT 236.58 498.20 Td (likely ) Tj ET Q q 0 0 0 rg BT 262.86 498.20 Td (than ) Tj ET Q q 0 0 0 rg BT 286.11 498.20 Td (not ) Tj ET Q q 0 0 0 rg BT 303.23 498.20 Td (that ) Tj ET Q q 0 0 0 rg BT 323.41 498.20 Td (the ) Tj ET Q q 0 0 0 rg BT 340.53 498.20 Td (deferred ) Tj ET Q q 0 0 0 rg BT 383.34 498.20 Td (tax ) Tj ET Q q 0 0 0 rg BT 399.84 498.20 Td (asset ) Tj ET Q q 0 0 0 rg BT 427.97 498.20 Td (will ) Tj ET Q q 0 0 0 rg BT 445.08 498.20 Td (be ) Tj ET Q q 0 0 0 rg BT 459.14 498.20 Td (realized. ) Tj ET Q q 0 0 0 rg BT 502.55 498.20 Td ( ) Tj ET Q q 0 0 0 rg BT 504.02 498.20 Td (Additionally) Tj ET Q q 0 0 0 rg BT 559.46 498.20 Td (, ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 485.00 Td (no ) Tj ET Q q 0 0 0 rg BT 64.79 485.00 Td (liability ) Tj ET Q q 0 0 0 rg BT 100.86 485.00 Td (related ) Tj ET Q q 0 0 0 rg BT 137.55 485.00 Td (to ) Tj ET Q q 0 0 0 rg BT 149.78 485.00 Td (uncertain ) Tj ET Q q 0 0 0 rg BT 198.09 485.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 215.82 485.00 Td (positions ) Tj ET Q q 0 0 0 rg BT 262.29 485.00 Td (was ) Tj ET Q q 0 0 0 rg BT 284.90 485.00 Td (recorded ) Tj ET Q q 0 0 0 rg BT 331.38 485.00 Td (at ) Tj ET Q q 0 0 0 rg BT 343.60 485.00 Td (December ) Tj ET Q q 0 0 0 rg BT 397.40 485.00 Td (31, ) Tj ET Q q 0 0 0 rg BT 415.75 485.00 Td (2015 ) Tj ET Q q 0 0 0 rg BT 443.28 485.00 Td (and ) Tj ET Q q 0 0 0 rg BT 464.69 485.00 Td (2014.) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 49.50 447.80 Td (NOTE ) Tj ET Q q 0 0 0 rg BT 83.11 447.80 Td (9 ) Tj ET Q q 0 0 0 rg BT 92.29 447.80 Td (- ) Tj ET Q q 0 0 0 rg BT 99.01 447.80 Td (RELA) Tj ET Q q 0 0 0 rg BT 128.13 447.80 Td (TED ) Tj ET Q q 0 0 0 rg BT 153.19 447.80 Td (P) Tj ET Q q 0 0 0 rg BT 159.71 447.80 Td (ARTY) Tj ET Q q 0 0 0 rg BT 189.45 447.80 Td ( ) Tj ET Q q 0 0 0 rg BT 192.51 447.80 Td (TRANSACTIONS) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 422.60 Td (During 2015, 2014, and 2013, the Company incurred expenses and capital expenditures and had ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 409.40 Td (amounts payable \(excluding capital distributions\) to the following related party entities:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 373.9 m 350.5 373.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 373.9 m 415.5 373.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 373.9 m 480.5 373.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 373.9 m 545.5 373.9 l s BT /F5 10.00 Tf ET q 0 0 0 rg BT 306.85 378.52 Td (ADA) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 368.60 378.52 Td (CCSS) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 433.85 388.52 Td (GSFS) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 427.20 378.52 Td (affiliates) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 483.30 388.52 Td (NexGen and) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 492.20 378.52 Td (affiliates) Tj ET Q BT /F8 8.00 Tf ET q 0 0 0 rg BT 312.60 365.13 Td (\(a\)) Tj ET Q BT /F8 8.00 Tf ET q 0 0 0 rg BT 377.35 365.13 Td (\(b\)) Tj ET Q BT /F8 8.00 Tf ET q 0 0 0 rg BT 442.60 365.13 Td (\(c\)) Tj ET Q BT /F8 8.00 Tf ET q 0 0 0 rg BT 507.35 365.13 Td (\(d\)) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 68.00 351.30 Td (Payable at December 31, 2015) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 288.00 351.30 Td ($) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 306.95 351.30 Td (1,917,909) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 353.00 351.30 Td ($) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 371.95 351.30 Td (3,953,200) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 418.00 351.30 Td ($) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 454.45 351.30 Td (1,625) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 483.00 351.30 Td ($) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 514.45 351.30 Td (29,130) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 68.00 337.30 Td (Payable at December 31, 2014) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 306.95 337.30 Td (1,437,805) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 371.95 337.30 Td (5,611,816) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 454.45 337.30 Td (4,496) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 514.45 337.30 Td (55,334) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 68.00 308.30 Td (Receivable at December 31, 2015) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 288.00 308.30 Td ($) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 306.95 308.30 Td (1,528,679) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 353.00 308.30 Td ($) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 403.00 308.30 Td () Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 418.00 308.30 Td ($) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 436.95 308.30 Td (1,771,900) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 483.00 308.30 Td ($) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 501.95 308.30 Td (1,259,219) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 68.00 294.30 Td (Receivable at December 31, 2014) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 314.45 294.30 Td (919,952) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 384.45 294.30 Td (20,645) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 436.95 294.30 Td (2,854,543) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 509.45 294.30 Td (919,952) Tj ET Q BT /F5 9.00 Tf ET q 0 0 0 rg BT 68.00 265.30 Td (Revenues recognized during the year ended) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 68.00 251.30 Td (December 31, 2015) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 288.00 251.30 Td ($) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 306.95 251.30 Td (3,270,915) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 353.00 251.30 Td ($) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 403.00 251.30 Td () Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 418.00 251.30 Td ($) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 426.95 251.30 Td (132,510,475) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 483.00 251.30 Td ($) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 501.95 251.30 Td (3,270,915) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 68.00 237.30 Td (December 31, 2014) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 306.95 237.30 Td (3,163,703) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 403.00 237.30 Td () Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 431.95 237.30 Td (84,665,664) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 501.95 237.30 Td (3,163,703) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 68.00 223.30 Td (December 31, 2013) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 338.00 223.30 Td () Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 403.00 223.30 Td () Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 431.95 223.30 Td (48,307,048) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 533.00 223.30 Td () Tj ET Q BT /F5 9.00 Tf ET q 0 0 0 rg BT 68.00 194.30 Td (Expenses incurred during the year ended) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 68.00 180.30 Td (December 31, 2015) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 288.00 180.30 Td ($) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 301.95 180.30 Td (10,643,450) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 353.00 180.30 Td ($) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 366.95 180.30 Td (12,643,256) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 418.00 180.30 Td ($) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 449.45 180.30 Td (31,412) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 483.00 180.30 Td ($) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 509.45 180.30 Td (564,310) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 68.00 166.30 Td (December 31, 2014) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 306.95 166.30 Td (6,828,623) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 371.95 166.30 Td (8,745,952) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 468.00 166.30 Td () Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 509.45 166.30 Td (875,896) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 68.00 152.30 Td (December 31, 2013) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 306.95 152.30 Td (3,143,733) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 371.95 152.30 Td (6,057,300) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 468.00 152.30 Td () Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 509.45 152.30 Td (960,609) Tj ET Q BT /F1 10.00 Tf ET BT /F8 9.00 Tf ET q 0 0 0 rg BT 58.50 126.80 Td (\(a\)) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 69.50 126.80 Td ( ) Tj ET Q q 0 0 0 rg BT 72.94 126.80 Td ( ) Tj ET Q q 0 0 0 rg BT 75.70 126.80 Td (ADA) Tj ET Q q 0 0 0 rg BT 93.71 126.80 Td ( ) Tj ET Q q 0 0 0 rg BT 97.15 126.80 Td (costs ) Tj ET Q q 0 0 0 rg BT 121.59 126.80 Td (include ) Tj ET Q q 0 0 0 rg BT 153.55 126.80 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 208.53 126.80 Td (for ) Tj ET Q q 0 0 0 rg BT 222.47 126.80 Td (royalties ) Tj ET Q q 0 0 0 rg BT 259.43 126.80 Td (and ) Tj ET Q q 0 0 0 rg BT 277.88 126.80 Td (labor ) Tj ET Q q 0 0 0 rg BT 301.33 126.80 Td (costs ) Tj ET Q q 0 0 0 rg BT 325.78 126.80 Td (related ) Tj ET Q q 0 0 0 rg BT 356.74 126.80 Td (to ) Tj ET Q q 0 0 0 rg BT 367.69 126.80 Td (capital ) Tj ET Q q 0 0 0 rg BT 397.14 126.80 Td (improvements ) Tj ET Q q 0 0 0 rg BT 457.10 126.80 Td (and ) Tj ET Q q 0 0 0 rg BT 475.56 126.80 Td (other ) Tj ET Q q 0 0 0 rg BT 499.51 126.80 Td (operational ) Tj ET Q q 0 0 0 rg BT 547.49 126.80 Td (and ) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 58.50 116.00 Td (engineering ) Tj ET Q q 0 0 0 rg BT 108.04 116.00 Td (services. ) Tj ET Q q 0 0 0 rg BT 146.05 116.00 Td ( ) Tj ET Q q 0 0 0 rg BT 148.55 116.00 Td (Revenues ) Tj ET Q q 0 0 0 rg BT 191.58 116.00 Td (relate ) Tj ET Q q 0 0 0 rg BT 216.59 116.00 Td (to ) Tj ET Q q 0 0 0 rg BT 226.60 116.00 Td (RCF ) Tj ET Q q 0 0 0 rg BT 247.59 116.00 Td (lease ) Tj ET Q q 0 0 0 rg BT 271.61 116.00 Td (revenues ) Tj ET Q q 0 0 0 rg BT 311.13 116.00 Td (recognized.) Tj ET Q BT /F8 9.00 Tf ET q 0 0 0 rg BT 58.50 105.20 Td (\(b\)) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 69.99 105.20 Td ( ) Tj ET Q q 0 0 0 rg BT 72.80 105.20 Td ( ) Tj ET Q q 0 0 0 rg BT 75.61 105.20 Td (CCSS ) Tj ET Q q 0 0 0 rg BT 103.42 105.20 Td (costs ) Tj ET Q q 0 0 0 rg BT 127.23 105.20 Td (include ) Tj ET Q q 0 0 0 rg BT 158.56 105.20 Td (operating ) Tj ET Q q 0 0 0 rg BT 198.90 105.20 Td (expenses ) Tj ET Q q 0 0 0 rg BT 240.24 105.20 Td (and ) Tj ET Q q 0 0 0 rg BT 258.06 105.20 Td (the ) Tj ET Q q 0 0 0 rg BT 273.38 105.20 Td (reimbursement ) Tj ET Q q 0 0 0 rg BT 336.21 105.20 Td (of ) Tj ET Q q 0 0 0 rg BT 346.52 105.20 Td (capital ) Tj ET Q q 0 0 0 rg BT 375.35 105.20 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 429.69 105.20 Td (associated ) Tj ET Q q 0 0 0 rg BT 475.52 105.20 Td (with ) Tj ET Q q 0 0 0 rg BT 494.34 105.20 Td (the ) Tj ET Q q 0 0 0 rg BT 509.66 105.20 Td (installation ) Tj ET Q q 0 0 0 rg BT 554.99 105.20 Td (of ) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 58.50 94.40 Td (various ) Tj ET Q q 0 0 0 rg BT 90.01 94.40 Td (RCFs.) Tj ET Q BT /F8 9.00 Tf ET q 0 0 0 rg BT 58.50 83.60 Td (\(c\)) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 69.50 83.60 Td ( ) Tj ET Q q 0 0 0 rg BT 71.92 83.60 Td ( ) Tj ET Q q 0 0 0 rg BT 74.34 83.60 Td (GSFS ) Tj ET Q q 0 0 0 rg BT 101.26 83.60 Td (af) Tj ET Q q 0 0 0 rg BT 108.60 83.60 Td (filiate ) Tj ET Q q 0 0 0 rg BT 132.03 83.60 Td (costs ) Tj ET Q q 0 0 0 rg BT 155.46 83.60 Td (include ) Tj ET Q q 0 0 0 rg BT 186.39 83.60 Td (Chemical ) Tj ET Q q 0 0 0 rg BT 226.32 83.60 Td (expenses ) Tj ET Q q 0 0 0 rg BT 267.27 83.60 Td (at ) Tj ET Q q 0 0 0 rg BT 277.19 83.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 306.63 83.60 Td (RC ) Tj ET Q q 0 0 0 rg BT 322.04 83.60 Td (Facilities ) Tj ET Q q 0 0 0 rg BT 359.47 83.60 Td (and ) Tj ET Q q 0 0 0 rg BT 376.90 83.60 Td (deposits ) Tj ET Q q 0 0 0 rg BT 412.84 83.60 Td (plus ) Tj ET Q q 0 0 0 rg BT 431.77 83.60 Td (interest. ) Tj ET Q q 0 0 0 rg BT 466.20 83.60 Td (Revenues ) Tj ET Q q 0 0 0 rg BT 509.15 83.60 Td (relate ) Tj ET Q q 0 0 0 rg BT 534.08 83.60 Td (to ) Tj ET Q q 0 0 0 rg BT 544.00 83.60 Td (RCF ) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 58.50 72.80 Td (lease ) Tj ET Q q 0 0 0 rg BT 82.52 72.80 Td (revenues ) Tj ET Q q 0 0 0 rg BT 122.04 72.80 Td (recognized.) Tj ET Q BT /F8 9.00 Tf ET q 0 0 0 rg BT 58.50 62.00 Td (\(d\)) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 69.99 62.00 Td ( ) Tj ET Q q 0 0 0 rg BT 72.49 62.00 Td ( ) Tj ET Q q 0 0 0 rg BT 74.99 62.00 Td (NexGen ) Tj ET Q q 0 0 0 rg BT 110.51 62.00 Td (and ) Tj ET Q q 0 0 0 rg BT 128.03 62.00 Td (af) Tj ET Q q 0 0 0 rg BT 135.37 62.00 Td (filiate ) Tj ET Q q 0 0 0 rg BT 158.88 62.00 Td (costs ) Tj ET Q q 0 0 0 rg BT 182.39 62.00 Td (include ) Tj ET Q q 0 0 0 rg BT 213.41 62.00 Td (management ) Tj ET Q q 0 0 0 rg BT 268.44 62.00 Td (fees, ) Tj ET Q q 0 0 0 rg BT 290.45 62.00 Td (rent ) Tj ET Q q 0 0 0 rg BT 308.46 62.00 Td (and ) Tj ET Q q 0 0 0 rg BT 325.98 62.00 Td (labor ) Tj ET Q q 0 0 0 rg BT 348.49 62.00 Td (costs.) Tj ET Q endstream endobj 327 0 obj <> endobj 328 0 obj <> stream BT /F5 11.00 Tf ET q 0 0 0 rg BT 168.80 771.50 Td (CLEAN COAL) Tj ET Q q 0 0 0 rg BT 240.71 771.50 Td ( SOLUTIONS, LLC ) Tj ET Q q 0 0 0 rg BT 338.08 771.50 Td (AND SUBSIDIARIES) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 163.80 758.30 Td (NOTES T) Tj ET Q q 0 0 0 rg BT 211.27 758.30 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 288.07 758.30 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 372.19 758.30 Td ( ST) Tj ET Q q 0 0 0 rg BT 388.49 758.30 Td (A) Tj ET Q q 0 0 0 rg BT 395.62 758.30 Td (TEMENTS) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 209.25 745.10 Td (DECEMBER 31, 2015, 2014 ) Tj ET Q q 0 0 0 rg BT 351.30 745.10 Td (AND 2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 33.60 Td (160) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 703.00 Td (The ) Tj ET Q q 0 0 0 rg BT 71.84 703.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 122.30 703.00 Td (acquires ) Tj ET Q q 0 0 0 rg BT 167.27 703.00 Td (substantial ) Tj ET Q q 0 0 0 rg BT 223.24 703.00 Td (amounts ) Tj ET Q q 0 0 0 rg BT 268.82 703.00 Td (of ) Tj ET Q q 0 0 0 rg BT 281.38 703.00 Td (fixed ) Tj ET Q q 0 0 0 rg BT 308.00 703.00 Td (assets ) Tj ET Q q 0 0 0 rg BT 343.17 703.00 Td (from ) Tj ET Q q 0 0 0 rg BT 368.56 703.00 Td (CCSS. ) Tj ET Q q 0 0 0 rg BT 405.56 703.00 Td ( ) Tj ET Q q 0 0 0 rg BT 408.95 703.00 Td (For ) Tj ET Q q 0 0 0 rg BT 428.84 703.00 Td (the ) Tj ET Q q 0 0 0 rg BT 447.51 703.00 Td (years ) Tj ET Q q 0 0 0 rg BT 477.80 703.00 Td (ended ) Tj ET Q q 0 0 0 rg BT 511.77 703.00 Td (December ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 689.80 Td (31, ) Tj ET Q q 0 0 0 rg BT 67.74 689.80 Td (2015, ) Tj ET Q q 0 0 0 rg BT 98.21 689.80 Td (2014 ) Tj ET Q q 0 0 0 rg BT 125.62 689.80 Td (and ) Tj ET Q q 0 0 0 rg BT 146.92 689.80 Td (2013, ) Tj ET Q q 0 0 0 rg BT 177.39 689.80 Td (the ) Tj ET Q q 0 0 0 rg BT 195.63 689.80 Td (Company ) Tj ET Q q 0 0 0 rg BT 245.65 689.80 Td (acquired ) Tj ET Q q 0 0 0 rg BT 290.79 689.80 Td ($28,168,076, ) Tj ET Q q 0 0 0 rg BT 357.96 689.80 Td ($13,272,636 ) Tj ET Q q 0 0 0 rg BT 422.08 689.80 Td (and ) Tj ET Q q 0 0 0 rg BT 443.37 689.80 Td ($5,018,247, ) Tj ET Q q 0 0 0 rg BT 504.43 689.80 Td (respectively ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 676.60 Td (of ) Tj ET Q q 0 0 0 rg BT 61.73 676.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 96.58 676.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 131.43 676.60 Td (from ) Tj ET Q q 0 0 0 rg BT 156.49 676.60 Td (its ) Tj ET Q q 0 0 0 rg BT 170.54 676.60 Td (related ) Tj ET Q q 0 0 0 rg BT 207.23 676.60 Td (party ) Tj ET Q q 0 0 0 rg BT 234.74 676.60 Td (CCSS. ) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 49.50 650.20 Td (NOTE ) Tj ET Q q 0 0 0 rg BT 83.11 650.20 Td (10 ) Tj ET Q q 0 0 0 rg BT 98.40 650.20 Td ( ) Tj ET Q q 0 0 0 rg BT 107.58 650.20 Td (COMMITMENTS) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 49.50 627.40 Td (Purchase ) Tj ET Q q 0 0 0 rg BT 99.03 627.40 Td (Commitments ) Tj ET Q q 0 0 0 rg BT 169.93 627.40 Td (-) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 602.20 Td (On ) Tj ET Q q 0 0 0 rg BT 66.79 602.20 Td (November ) Tj ET Q q 0 0 0 rg BT 120.14 602.20 Td (3, ) Tj ET Q q 0 0 0 rg BT 131.93 602.20 Td (201) Tj ET Q q 0 0 0 rg BT 149.47 602.20 Td (1, ) Tj ET Q q 0 0 0 rg BT 161.26 602.20 Td (Clean ) Tj ET Q q 0 0 0 rg BT 192.61 602.20 Td (Coal ) Tj ET Q q 0 0 0 rg BT 217.85 602.20 Td (entered ) Tj ET Q q 0 0 0 rg BT 257.77 602.20 Td (into ) Tj ET Q q 0 0 0 rg BT 278.12 602.20 Td (a ) Tj ET Q q 0 0 0 rg BT 286.85 602.20 Td (technology ) Tj ET Q q 0 0 0 rg BT 342.67 602.20 Td (licensing ) Tj ET Q q 0 0 0 rg BT 388.09 602.20 Td (agreement ) Tj ET Q q 0 0 0 rg BT 443.29 602.20 Td (with ) Tj ET Q q 0 0 0 rg BT 464.95 602.20 Td (ADA) Tj ET Q q 0 0 0 rg BT 486.96 602.20 Td ( ) Tj ET Q q 0 0 0 rg BT 489.57 602.20 Td (whereby ) Tj ET Q q 0 0 0 rg BT 533.76 602.20 Td (Clean ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 589.00 Td (Coal ) Tj ET Q q 0 0 0 rg BT 74.98 589.00 Td (agreed ) Tj ET Q q 0 0 0 rg BT 112.10 589.00 Td (to ) Tj ET Q q 0 0 0 rg BT 124.13 589.00 Td (pay ) Tj ET Q q 0 0 0 rg BT 144.16 589.00 Td (ADA) Tj ET Q q 0 0 0 rg BT 166.17 589.00 Td ( ) Tj ET Q q 0 0 0 rg BT 169.03 589.00 Td (royalties ) Tj ET Q q 0 0 0 rg BT 212.85 589.00 Td (based ) Tj ET Q q 0 0 0 rg BT 245.68 589.00 Td (on ) Tj ET Q q 0 0 0 rg BT 260.78 589.00 Td (a ) Tj ET Q q 0 0 0 rg BT 269.76 589.00 Td (percentage ) Tj ET Q q 0 0 0 rg BT 327.66 589.00 Td (of ) Tj ET Q q 0 0 0 rg BT 339.70 589.00 Td (operating ) Tj ET Q q 0 0 0 rg BT 388.43 589.00 Td (income ) Tj ET Q q 0 0 0 rg BT 426.75 589.00 Td (from ) Tj ET Q q 0 0 0 rg BT 451.61 589.00 Td (refined ) Tj ET Q q 0 0 0 rg BT 488.10 589.00 Td (coal ) Tj ET Q q 0 0 0 rg BT 511.14 589.00 Td (production ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 575.80 Td (at ) Tj ET Q q 0 0 0 rg BT 62.28 575.80 Td (RC ) Tj ET Q q 0 0 0 rg BT 81.77 575.80 Td (Facilities ) Tj ET Q q 0 0 0 rg BT 128.16 575.80 Td (that ) Tj ET Q q 0 0 0 rg BT 150.11 575.80 Td (utilize ) Tj ET Q q 0 0 0 rg BT 181.84 575.80 Td (the ) Tj ET Q q 0 0 0 rg BT 200.73 575.80 Td (M-45 ) Tj ET Q q 0 0 0 rg BT 240.40 575.80 Td (technology ) Tj ET Q q 0 0 0 rg BT 297.21 575.80 Td (to ) Tj ET Q q 0 0 0 rg BT 309.99 575.80 Td (produce ) Tj ET Q q 0 0 0 rg BT 353.34 575.80 Td (PTCs. ) Tj ET Q q 0 0 0 rg BT 387.27 575.80 Td (The ) Tj ET Q q 0 0 0 rg BT 409.83 575.80 Td (licensing ) Tj ET Q q 0 0 0 rg BT 456.23 575.80 Td (agreement ) Tj ET Q q 0 0 0 rg BT 512.43 575.80 Td (required ) Tj ET Q q 0 0 0 rg BT 556.39 575.80 Td (a ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 562.60 Td (prepayment ) Tj ET Q q 0 0 0 rg BT 110.28 562.60 Td (of ) Tj ET Q q 0 0 0 rg BT 122.15 562.60 Td ($10.0 ) Tj ET Q q 0 0 0 rg BT 152.36 562.60 Td (million ) Tj ET Q q 0 0 0 rg BT 186.23 562.60 Td (upon ) Tj ET Q q 0 0 0 rg BT 213.39 562.60 Td (the ) Tj ET Q q 0 0 0 rg BT 231.38 562.60 Td (achievement ) Tj ET Q q 0 0 0 rg BT 296.44 562.60 Td (of ) Tj ET Q q 0 0 0 rg BT 308.30 562.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 344.01 562.60 Td (milestones. ) Tj ET Q q 0 0 0 rg BT 402.34 562.60 Td ( ) Tj ET Q q 0 0 0 rg BT 404.49 562.60 Td (As ) Tj ET Q q 0 0 0 rg BT 420.02 562.60 Td (of ) Tj ET Q q 0 0 0 rg BT 431.89 562.60 Td (December ) Tj ET Q q 0 0 0 rg BT 485.32 562.60 Td (31, ) Tj ET Q q 0 0 0 rg BT 503.30 562.60 Td (2012, ) Tj ET Q q 0 0 0 rg BT 533.52 562.60 Td (all ) Tj ET Q q 0 0 0 rg BT 547.22 562.60 Td (the ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 549.40 Td (milestones ) Tj ET Q q 0 0 0 rg BT 104.27 549.40 Td (had ) Tj ET Q q 0 0 0 rg BT 124.81 549.40 Td (been ) Tj ET Q q 0 0 0 rg BT 151.48 549.40 Td (substantially ) Tj ET Q q 0 0 0 rg BT 214.20 549.40 Td (achieved. ) Tj ET Q q 0 0 0 rg BT 263.48 549.40 Td ( ) Tj ET Q q 0 0 0 rg BT 265.67 549.40 Td (Clean ) Tj ET Q q 0 0 0 rg BT 296.61 549.40 Td (Coal ) Tj ET Q q 0 0 0 rg BT 321.42 549.40 Td (paid ) Tj ET Q q 0 0 0 rg BT 344.41 549.40 Td ($2.0 ) Tj ET Q q 0 0 0 rg BT 368.01 549.40 Td (million ) Tj ET Q q 0 0 0 rg BT 401.38 549.40 Td (to ) Tj ET Q q 0 0 0 rg BT 412.31 549.40 Td (ADA) Tj ET Q q 0 0 0 rg BT 434.32 549.40 Td ( ) Tj ET Q q 0 0 0 rg BT 436.51 549.40 Td (in ) Tj ET Q q 0 0 0 rg BT 447.26 549.40 Td (201) Tj ET Q q 0 0 0 rg BT 464.80 549.40 Td (1, ) Tj ET Q q 0 0 0 rg BT 476.17 549.40 Td (and ) Tj ET Q q 0 0 0 rg BT 496.71 549.40 Td (the ) Tj ET Q q 0 0 0 rg BT 514.19 549.40 Td (remaining ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 536.20 Td ($8.0 ) Tj ET Q q 0 0 0 rg BT 74.86 536.20 Td (million ) Tj ET Q q 0 0 0 rg BT 109.98 536.20 Td (plus ) Tj ET Q q 0 0 0 rg BT 134.11 536.20 Td (accrued ) Tj ET Q q 0 0 0 rg BT 177.20 536.20 Td (interest ) Tj ET Q q 0 0 0 rg BT 217.22 536.20 Td (of ) Tj ET Q q 0 0 0 rg BT 230.34 536.20 Td ($189,452 ) Tj ET Q q 0 0 0 rg BT 280.17 536.20 Td (in ) Tj ET Q q 0 0 0 rg BT 292.69 536.20 Td (March ) Tj ET Q q 0 0 0 rg BT 327.20 536.20 Td (2013. ) Tj ET Q q 0 0 0 rg BT 358.42 536.20 Td (These ) Tj ET Q q 0 0 0 rg BT 392.94 536.20 Td (prepaid ) Tj ET Q q 0 0 0 rg BT 433.58 536.20 Td (royalties ) Tj ET Q q 0 0 0 rg BT 478.50 536.20 Td (will ) Tj ET Q q 0 0 0 rg BT 497.72 536.20 Td (be ) Tj ET Q q 0 0 0 rg BT 513.91 536.20 Td (applied ) Tj ET Q q 0 0 0 rg BT 553.33 536.20 Td (to ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 523.00 Td (future ) Tj ET Q q 0 0 0 rg BT 80.24 523.00 Td (royalties ) Tj ET Q q 0 0 0 rg BT 123.81 523.00 Td (due ) Tj ET Q q 0 0 0 rg BT 144.77 523.00 Td (to ) Tj ET Q q 0 0 0 rg BT 156.03 523.00 Td (ADA, ) Tj ET Q q 0 0 0 rg BT 184.31 523.00 Td (in ) Tj ET Q q 0 0 0 rg BT 195.48 523.00 Td (lieu ) Tj ET Q q 0 0 0 rg BT 215.21 523.00 Td (of ) Tj ET Q q 0 0 0 rg BT 227.00 523.00 Td (cash ) Tj ET Q q 0 0 0 rg BT 252.84 523.00 Td (payment, ) Tj ET Q q 0 0 0 rg BT 300.69 523.00 Td (in ) Tj ET Q q 0 0 0 rg BT 311.86 523.00 Td (the ) Tj ET Q q 0 0 0 rg BT 329.76 523.00 Td (proportion ) Tj ET Q q 0 0 0 rg BT 381.91 523.00 Td (of ) Tj ET Q q 0 0 0 rg BT 393.69 523.00 Td (66.67% ) Tj ET Q q 0 0 0 rg BT 433.60 523.00 Td (cash ) Tj ET Q q 0 0 0 rg BT 459.45 523.00 Td (payment ) Tj ET Q q 0 0 0 rg BT 504.25 523.00 Td (and ) Tj ET Q q 0 0 0 rg BT 525.21 523.00 Td (33.33% ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 509.80 Td (to ) Tj ET Q q 0 0 0 rg BT 60.97 509.80 Td (the ) Tj ET Q q 0 0 0 rg BT 78.56 509.80 Td (reduction ) Tj ET Q q 0 0 0 rg BT 126.11 509.80 Td (of ) Tj ET Q q 0 0 0 rg BT 137.58 509.80 Td (the ) Tj ET Q q 0 0 0 rg BT 155.16 509.80 Td (prepaid ) Tj ET Q q 0 0 0 rg BT 194.16 509.80 Td (royalty ) Tj ET Q q 0 0 0 rg BT 228.85 509.80 Td (balance. ) Tj ET Q q 0 0 0 rg BT 272.74 509.80 Td (During ) Tj ET Q q 0 0 0 rg BT 307.44 509.80 Td (the ) Tj ET Q q 0 0 0 rg BT 325.02 509.80 Td (years ) Tj ET Q q 0 0 0 rg BT 354.22 509.80 Td (ended ) Tj ET Q q 0 0 0 rg BT 387.10 509.80 Td (December ) Tj ET Q q 0 0 0 rg BT 440.14 509.80 Td (31, ) Tj ET Q q 0 0 0 rg BT 457.73 509.80 Td (2015, ) Tj ET Q q 0 0 0 rg BT 487.55 509.80 Td (2014 ) Tj ET Q q 0 0 0 rg BT 514.32 509.80 Td (and ) Tj ET Q q 0 0 0 rg BT 534.97 509.80 Td (2013, ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 496.60 Td (respectively) Tj ET Q q 0 0 0 rg BT 106.76 496.60 Td (, ) Tj ET Q q 0 0 0 rg BT 113.33 496.60 Td (the ) Tj ET Q q 0 0 0 rg BT 132.14 496.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 182.73 496.60 Td (recognized ) Tj ET Q q 0 0 0 rg BT 240.06 496.60 Td ($3,539,730, ) Tj ET Q q 0 0 0 rg BT 301.68 496.60 Td ($2,135,605 ) Tj ET Q q 0 0 0 rg BT 360.25 496.60 Td (and ) Tj ET Q q 0 0 0 rg BT 382.12 496.60 Td ($764,916 ) Tj ET Q q 0 0 0 rg BT 431.51 496.60 Td (of ) Tj ET Q q 0 0 0 rg BT 444.20 496.60 Td (the ) Tj ET Q q 0 0 0 rg BT 463.00 496.60 Td (royalty ) Tj ET Q q 0 0 0 rg BT 498.92 496.60 Td (prepayments ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 483.40 Td (and ) Tj ET Q q 0 0 0 rg BT 70.91 483.40 Td (included ) Tj ET Q q 0 0 0 rg BT 114.94 483.40 Td (such ) Tj ET Q q 0 0 0 rg BT 141.23 483.40 Td (amounts ) Tj ET Q q 0 0 0 rg BT 186.48 483.40 Td (in ) Tj ET Q q 0 0 0 rg BT 198.10 483.40 Td (royalty ) Tj ET Q q 0 0 0 rg BT 233.55 483.40 Td (expense ) Tj ET Q q 0 0 0 rg BT 278.20 483.40 Td (under ) Tj ET Q q 0 0 0 rg BT 309.39 483.40 Td (cost ) Tj ET Q q 0 0 0 rg BT 332.62 483.40 Td (of ) Tj ET Q q 0 0 0 rg BT 344.85 483.40 Td (sales.) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 458.20 Td (In ) Tj ET Q q 0 0 0 rg BT 62.85 458.20 Td (December ) Tj ET Q q 0 0 0 rg BT 117.76 458.20 Td (2015 ) Tj ET Q q 0 0 0 rg BT 146.41 458.20 Td (the ) Tj ET Q q 0 0 0 rg BT 165.87 458.20 Td (Company ) Tj ET Q q 0 0 0 rg BT 217.12 458.20 Td (was ) Tj ET Q q 0 0 0 rg BT 240.86 458.20 Td (assigned ) Tj ET Q q 0 0 0 rg BT 289.06 458.20 Td (by ) Tj ET Q q 0 0 0 rg BT 304.86 458.20 Td (CCSS ) Tj ET Q q 0 0 0 rg BT 339.59 458.20 Td (a ) Tj ET Q q 0 0 0 rg BT 349.88 458.20 Td (Master ) Tj ET Q q 0 0 0 rg BT 387.67 458.20 Td (Supply ) Tj ET Q q 0 0 0 rg BT 424.65 458.20 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 482.63 458.20 Td (with ) Tj ET Q q 0 0 0 rg BT 506.37 458.20 Td (a ) Tj ET Q q 0 0 0 rg BT 516.66 458.20 Td (Chemical ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 445.00 Td (vendor) Tj ET Q q 0 0 0 rg BT 82.53 445.00 Td (. ) Tj ET Q q 0 0 0 rg BT 88.27 445.00 Td ( ) Tj ET Q q 0 0 0 rg BT 90.97 445.00 Td (Under ) Tj ET Q q 0 0 0 rg BT 123.62 445.00 Td (the ) Tj ET Q q 0 0 0 rg BT 141.60 445.00 Td (agreement ) Tj ET Q q 0 0 0 rg BT 196.88 445.00 Td (the ) Tj ET Q q 0 0 0 rg BT 214.87 445.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 264.64 445.00 Td (has ) Tj ET Q q 0 0 0 rg BT 285.06 445.00 Td (a ) Tj ET Q q 0 0 0 rg BT 293.87 445.00 Td (commitment ) Tj ET Q q 0 0 0 rg BT 356.46 445.00 Td (commencing ) Tj ET Q q 0 0 0 rg BT 421.51 445.00 Td (January ) Tj ET Q q 0 0 0 rg BT 463.34 445.00 Td (1, ) Tj ET Q q 0 0 0 rg BT 475.20 445.00 Td (2015 ) Tj ET Q q 0 0 0 rg BT 502.37 445.00 Td (for ) Tj ET Q q 0 0 0 rg BT 517.90 445.00 Td (minimum ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 431.80 Td (purchase ) Tj ET Q q 0 0 0 rg BT 99.47 431.80 Td (quantities ) Tj ET Q q 0 0 0 rg BT 151.27 431.80 Td (of ) Tj ET Q q 0 0 0 rg BT 165.16 431.80 Td (the ) Tj ET Q q 0 0 0 rg BT 185.16 431.80 Td (specified ) Tj ET Q q 0 0 0 rg BT 233.29 431.80 Td (Chemical ) Tj ET Q q 0 0 0 rg BT 283.86 431.80 Td (that ) Tj ET Q q 0 0 0 rg BT 306.92 431.80 Td (if ) Tj ET Q q 0 0 0 rg BT 317.13 431.80 Td (not ) Tj ET Q q 0 0 0 rg BT 337.14 431.80 Td (achieved ) Tj ET Q q 0 0 0 rg BT 385.89 431.80 Td (require ) Tj ET Q q 0 0 0 rg BT 424.84 431.80 Td (a ) Tj ET Q q 0 0 0 rg BT 435.68 431.80 Td (shortfall ) Tj ET Q q 0 0 0 rg BT 478.91 431.80 Td (payment ) Tj ET Q q 0 0 0 rg BT 525.81 431.80 Td (amount ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 418.60 Td (\(Shortfall\) ) Tj ET Q q 0 0 0 rg BT 107.59 418.60 Td (to ) Tj ET Q q 0 0 0 rg BT 119.86 418.60 Td (be ) Tj ET Q q 0 0 0 rg BT 135.18 418.60 Td (paid ) Tj ET Q q 0 0 0 rg BT 159.07 418.60 Td (to ) Tj ET Q q 0 0 0 rg BT 171.33 418.60 Td (the ) Tj ET Q q 0 0 0 rg BT 189.71 418.60 Td (vendor ) Tj ET Q q 0 0 0 rg BT 226.43 418.60 Td (on ) Tj ET Q q 0 0 0 rg BT 241.76 418.60 Td (a ) Tj ET Q q 0 0 0 rg BT 250.96 418.60 Td (monthly ) Tj ET Q q 0 0 0 rg BT 292.57 418.60 Td (basis. ) Tj ET Q q 0 0 0 rg BT 324.39 418.60 Td ( ) Tj ET Q q 0 0 0 rg BT 326.87 418.60 Td (Any ) Tj ET Q q 0 0 0 rg BT 348.91 418.60 Td (Shortfall ) Tj ET Q q 0 0 0 rg BT 392.35 418.60 Td (payment ) Tj ET Q q 0 0 0 rg BT 437.63 418.60 Td (required ) Tj ET Q q 0 0 0 rg BT 481.08 418.60 Td (will ) Tj ET Q q 0 0 0 rg BT 499.44 418.60 Td (be ) Tj ET Q q 0 0 0 rg BT 514.77 418.60 Td (applied ) Tj ET Q q 0 0 0 rg BT 553.33 418.60 Td (to ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 405.40 Td (future ) Tj ET Q q 0 0 0 rg BT 80.93 405.40 Td (chemical ) Tj ET Q q 0 0 0 rg BT 127.64 405.40 Td (purchases ) Tj ET Q q 0 0 0 rg BT 181.69 405.40 Td (once ) Tj ET Q q 0 0 0 rg BT 208.85 405.40 Td (certain ) Tj ET Q q 0 0 0 rg BT 245.17 405.40 Td (minimum ) Tj ET Q q 0 0 0 rg BT 293.09 405.40 Td (volume ) Tj ET Q q 0 0 0 rg BT 331.85 405.40 Td (levels ) Tj ET Q q 0 0 0 rg BT 363.28 405.40 Td (are ) Tj ET Q q 0 0 0 rg BT 382.48 405.40 Td (achieved. ) Tj ET Q q 0 0 0 rg BT 432.87 405.40 Td ( ) Tj ET Q q 0 0 0 rg BT 436.18 405.40 Td (Each ) Tj ET Q q 0 0 0 rg BT 464.55 405.40 Td (renewal ) Tj ET Q q 0 0 0 rg BT 506.38 405.40 Td (term ) Tj ET Q q 0 0 0 rg BT 531.68 405.40 Td (of ) Tj ET Q q 0 0 0 rg BT 544.16 405.40 Td (one ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 392.20 Td (year ) Tj ET Q q 0 0 0 rg BT 75.90 392.20 Td (also ) Tj ET Q q 0 0 0 rg BT 101.08 392.20 Td (requires ) Tj ET Q q 0 0 0 rg BT 145.82 392.20 Td (minimum ) Tj ET Q q 0 0 0 rg BT 195.43 392.20 Td (purchase ) Tj ET Q q 0 0 0 rg BT 245.68 392.20 Td (volumes ) Tj ET Q q 0 0 0 rg BT 291.64 392.20 Td (and ) Tj ET Q q 0 0 0 rg BT 315.00 392.20 Td (Shortfall ) Tj ET Q q 0 0 0 rg BT 360.35 392.20 Td (payments ) Tj ET Q q 0 0 0 rg BT 413.04 392.20 Td (that ) Tj ET Q q 0 0 0 rg BT 436.39 392.20 Td (decline ) Tj ET Q q 0 0 0 rg BT 476.24 392.20 Td (over ) Tj ET Q q 0 0 0 rg BT 502.64 392.20 Td (time. ) Tj ET Q q 0 0 0 rg BT 531.48 392.20 Td ( ) Tj ET Q q 0 0 0 rg BT 535.49 392.20 Td (As ) Tj ET Q q 0 0 0 rg BT 553.32 392.20 Td (of ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 379.00 Td (December ) Tj ET Q q 0 0 0 rg BT 104.36 379.00 Td (31, ) Tj ET Q q 0 0 0 rg BT 123.76 379.00 Td (2015, ) Tj ET Q q 0 0 0 rg BT 155.41 379.00 Td (the ) Tj ET Q q 0 0 0 rg BT 174.81 379.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 226.01 379.00 Td (has ) Tj ET Q q 0 0 0 rg BT 247.86 379.00 Td (paid ) Tj ET Q q 0 0 0 rg BT 272.77 379.00 Td ($13,675,224 ) Tj ET Q q 0 0 0 rg BT 338.06 379.00 Td (under ) Tj ET Q q 0 0 0 rg BT 370.31 379.00 Td (the ) Tj ET Q q 0 0 0 rg BT 389.71 379.00 Td (Master ) Tj ET Q q 0 0 0 rg BT 427.45 379.00 Td (Supply ) Tj ET Q q 0 0 0 rg BT 464.38 379.00 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 522.30 379.00 Td (and ) Tj ET Q q 0 0 0 rg BT 544.77 379.00 Td (has ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 365.80 Td (recorded ) Tj ET Q q 0 0 0 rg BT 95.97 365.80 Td (these ) Tj ET Q q 0 0 0 rg BT 125.94 365.80 Td (amounts ) Tj ET Q q 0 0 0 rg BT 171.18 365.80 Td (as ) Tj ET Q q 0 0 0 rg BT 185.86 365.80 Td (long-term ) Tj ET Q q 0 0 0 rg BT 235.37 365.80 Td (Other ) Tj ET Q q 0 0 0 rg BT 265.33 365.80 Td (Assets ) Tj ET Q q 0 0 0 rg BT 301.40 365.80 Td (on ) Tj ET Q q 0 0 0 rg BT 316.69 365.80 Td (the ) Tj ET Q q 0 0 0 rg BT 335.04 365.80 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 399.86 365.80 Td (balance ) Tj ET Q q 0 0 0 rg BT 441.45 365.80 Td (sheet. ) Tj ET Q q 0 0 0 rg BT 474.47 365.80 Td ( ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 339.40 Td (Subsequent ) Tj ET Q q 0 0 0 rg BT 111.31 339.40 Td (to ) Tj ET Q q 0 0 0 rg BT 123.58 339.40 Td (December ) Tj ET Q q 0 0 0 rg BT 177.42 339.40 Td (31, ) Tj ET Q q 0 0 0 rg BT 195.80 339.40 Td (2015, ) Tj ET Q q 0 0 0 rg BT 226.42 339.40 Td (the ) Tj ET Q q 0 0 0 rg BT 244.81 339.40 Td (Company ) Tj ET Q q 0 0 0 rg BT 294.98 339.40 Td (paid ) Tj ET Q q 0 0 0 rg BT 318.87 339.40 Td (an ) Tj ET Q q 0 0 0 rg BT 334.20 339.40 Td (additional ) Tj ET Q q 0 0 0 rg BT 384.39 339.40 Td ($2,272,777 ) Tj ET Q q 0 0 0 rg BT 442.54 339.40 Td (under ) Tj ET Q q 0 0 0 rg BT 473.77 339.40 Td (the ) Tj ET Q q 0 0 0 rg BT 492.16 339.40 Td (Master ) Tj ET Q q 0 0 0 rg BT 528.87 339.40 Td (Supply ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 326.20 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 107.73 326.20 Td (and ) Tj ET Q q 0 0 0 rg BT 130.50 326.20 Td (amended ) Tj ET Q q 0 0 0 rg BT 180.79 326.20 Td (the ) Tj ET Q q 0 0 0 rg BT 200.51 326.20 Td (terms ) Tj ET Q q 0 0 0 rg BT 232.43 326.20 Td (to ) Tj ET Q q 0 0 0 rg BT 246.02 326.20 Td (reduce ) Tj ET Q q 0 0 0 rg BT 284.08 326.20 Td (future ) Tj ET Q q 0 0 0 rg BT 316.63 326.20 Td (minimum ) Tj ET Q q 0 0 0 rg BT 365.66 326.20 Td (purchase ) Tj ET Q q 0 0 0 rg BT 415.33 326.20 Td (requirements ) Tj ET Q q 0 0 0 rg BT 483.95 326.20 Td (until ) Tj ET Q q 0 0 0 rg BT 508.55 326.20 Td (the ) Tj ET Q q 0 0 0 rg BT 528.27 326.20 Td (current ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 313.00 Td (Shortfall ) Tj ET Q q 0 0 0 rg BT 92.91 313.00 Td (payment ) Tj ET Q q 0 0 0 rg BT 138.16 313.00 Td (amount ) Tj ET Q q 0 0 0 rg BT 177.90 313.00 Td (is ) Tj ET Q q 0 0 0 rg BT 188.90 313.00 Td (substantially ) Tj ET Q q 0 0 0 rg BT 252.49 313.00 Td (utilized. ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 49.50 287.80 Td (401k ) Tj ET Q q 0 0 0 rg BT 76.41 287.80 Td (Profit ) Tj ET Q q 0 0 0 rg BT 105.14 287.80 Td (Sharing ) Tj ET Q q 0 0 0 rg BT 146.11 287.80 Td (Plan ) Tj ET Q q 0 0 0 rg BT 171.18 287.80 Td (and ) Tj ET Q q 0 0 0 rg BT 192.59 287.80 Td (Other ) Tj ET Q q 0 0 0 rg BT 223.16 287.80 Td (Benefits ) Tj ET Q q 0 0 0 rg BT 265.96 287.80 Td (- ) Tj ET Q q 0 0 0 rg BT 272.68 287.80 Td ( ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 262.60 Td (The ) Tj ET Q q 0 0 0 rg BT 71.52 262.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 121.67 262.60 Td (of) Tj ET Q q 0 0 0 rg BT 130.64 262.60 Td (fers ) Tj ET Q q 0 0 0 rg BT 152.05 262.60 Td (a ) Tj ET Q q 0 0 0 rg BT 161.23 262.60 Td (defined ) Tj ET Q q 0 0 0 rg BT 200.39 262.60 Td (contribution ) Tj ET Q q 0 0 0 rg BT 260.33 262.60 Td (and ) Tj ET Q q 0 0 0 rg BT 281.75 262.60 Td (profit ) Tj ET Q q 0 0 0 rg BT 309.27 262.60 Td (sharing ) Tj ET Q q 0 0 0 rg BT 348.42 262.60 Td (plan ) Tj ET Q q 0 0 0 rg BT 372.28 262.60 Td (\(the ) Tj ET Q q 0 0 0 rg BT 394.30 262.60 Td (Plan\) ) Tj ET Q q 0 0 0 rg BT 430.38 262.60 Td (to ) Tj ET Q q 0 0 0 rg BT 442.62 262.60 Td (employees ) Tj ET Q q 0 0 0 rg BT 498.88 262.60 Td (who ) Tj ET Q q 0 0 0 rg BT 522.13 262.60 Td (are ) Tj ET Q q 0 0 0 rg BT 541.09 262.60 Td (over ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 249.40 Td (18 ) Tj ET Q q 0 0 0 rg BT 64.50 249.40 Td (years ) Tj ET Q q 0 0 0 rg BT 94.16 249.40 Td (of ) Tj ET Q q 0 0 0 rg BT 106.10 249.40 Td (age ) Tj ET Q q 0 0 0 rg BT 127.22 249.40 Td (and ) Tj ET Q q 0 0 0 rg BT 148.34 249.40 Td (have ) Tj ET Q q 0 0 0 rg BT 174.96 249.40 Td (been ) Tj ET Q q 0 0 0 rg BT 202.19 249.40 Td (employed ) Tj ET Q q 0 0 0 rg BT 252.65 249.40 Td (by ) Tj ET Q q 0 0 0 rg BT 267.04 249.40 Td (the ) Tj ET Q q 0 0 0 rg BT 285.09 249.40 Td (Company ) Tj ET Q q 0 0 0 rg BT 334.94 249.40 Td (for ) Tj ET Q q 0 0 0 rg BT 350.54 249.40 Td (more ) Tj ET Q q 0 0 0 rg BT 378.36 249.40 Td (than ) Tj ET Q q 0 0 0 rg BT 402.54 249.40 Td (30 ) Tj ET Q q 0 0 0 rg BT 417.54 249.40 Td (days. ) Tj ET Q q 0 0 0 rg BT 446.60 249.40 Td ( ) Tj ET Q q 0 0 0 rg BT 449.36 249.40 Td (Employees ) Tj ET Q q 0 0 0 rg BT 506.54 249.40 Td (can ) Tj ET Q q 0 0 0 rg BT 527.04 249.40 Td (deposit ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 236.20 Td (up ) Tj ET Q q 0 0 0 rg BT 64.68 236.20 Td (to ) Tj ET Q q 0 0 0 rg BT 76.79 236.20 Td (80 ) Tj ET Q q 0 0 0 rg BT 91.97 236.20 Td (percent ) Tj ET Q q 0 0 0 rg BT 131.61 236.20 Td (of ) Tj ET Q q 0 0 0 rg BT 143.72 236.20 Td (their ) Tj ET Q q 0 0 0 rg BT 168.06 236.20 Td (eligible ) Tj ET Q q 0 0 0 rg BT 205.25 236.20 Td (pay ) Tj ET Q q 0 0 0 rg BT 225.93 236.20 Td (up ) Tj ET Q q 0 0 0 rg BT 241.11 236.20 Td (to ) Tj ET Q q 0 0 0 rg BT 253.23 236.20 Td (the ) Tj ET Q q 0 0 0 rg BT 271.46 236.20 Td (statutory ) Tj ET Q q 0 0 0 rg BT 316.59 236.20 Td (limit ) Tj ET Q q 0 0 0 rg BT 339.08 236.20 Td (in ) Tj ET Q q 0 0 0 rg BT 350.59 236.20 Td (the ) Tj ET Q q 0 0 0 rg BT 368.82 236.20 Td (Plan. ) Tj ET Q q 0 0 0 rg BT 396.64 236.20 Td (The ) Tj ET Q q 0 0 0 rg BT 418.54 236.20 Td (Company ) Tj ET Q q 0 0 0 rg BT 468.56 236.20 Td (contributes ) Tj ET Q q 0 0 0 rg BT 525.31 236.20 Td (3.0% ) Tj ET Q q 0 0 0 rg BT 553.33 236.20 Td (of ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 223.00 Td (employees) Tj ET Q q 0 0 0 rg BT 104.73 223.00 Td ( ) Tj ET Q q 0 0 0 rg BT 108.66 223.00 Td (eligible ) Tj ET Q q 0 0 0 rg BT 146.84 223.00 Td (pay ) Tj ET Q q 0 0 0 rg BT 168.50 223.00 Td (to ) Tj ET Q q 0 0 0 rg BT 181.61 223.00 Td (the ) Tj ET Q q 0 0 0 rg BT 200.83 223.00 Td (Plan. ) Tj ET Q q 0 0 0 rg BT 229.83 223.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 280.84 223.00 Td (contributions ) Tj ET Q q 0 0 0 rg BT 347.14 223.00 Td (charged ) Tj ET Q q 0 0 0 rg BT 390.82 223.00 Td (to ) Tj ET Q q 0 0 0 rg BT 403.93 223.00 Td (benefits ) Tj ET Q q 0 0 0 rg BT 446.39 223.00 Td (expense ) Tj ET Q q 0 0 0 rg BT 491.91 223.00 Td (were ) Tj ET Q q 0 0 0 rg BT 519.68 223.00 Td ($89,796, ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 209.80 Td ($164,785 ) Tj ET Q q 0 0 0 rg BT 98.44 209.80 Td (and ) Tj ET Q q 0 0 0 rg BT 119.85 209.80 Td ($55,975 ) Tj ET Q q 0 0 0 rg BT 162.66 209.80 Td (for ) Tj ET Q q 0 0 0 rg BT 178.56 209.80 Td (the ) Tj ET Q q 0 0 0 rg BT 196.90 209.80 Td (years ) Tj ET Q q 0 0 0 rg BT 226.86 209.80 Td (ended ) Tj ET Q q 0 0 0 rg BT 260.50 209.80 Td (December ) Tj ET Q q 0 0 0 rg BT 314.30 209.80 Td (31, ) Tj ET Q q 0 0 0 rg BT 332.65 209.80 Td (2015, ) Tj ET Q q 0 0 0 rg BT 363.23 209.80 Td (2014 ) Tj ET Q q 0 0 0 rg BT 390.76 209.80 Td (and ) Tj ET Q q 0 0 0 rg BT 412.17 209.80 Td (2013, ) Tj ET Q q 0 0 0 rg BT 442.75 209.80 Td (respectively) Tj ET Q q 0 0 0 rg BT 500.01 209.80 Td (. ) Tj ET Q q 0 0 0 rg BT 506.12 209.80 Td ( ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 49.50 184.60 Td (Office ) Tj ET Q q 0 0 0 rg BT 81.29 184.60 Td (Lease ) Tj ET Q q 0 0 0 rg BT 114.31 184.60 Td (- ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 159.40 Td (During ) Tj ET Q q 0 0 0 rg BT 84.62 159.40 Td (2012, ) Tj ET Q q 0 0 0 rg BT 114.86 159.40 Td (the ) Tj ET Q q 0 0 0 rg BT 132.86 159.40 Td (Company ) Tj ET Q q 0 0 0 rg BT 182.65 159.40 Td (entered ) Tj ET Q q 0 0 0 rg BT 222.67 159.40 Td (into ) Tj ET Q q 0 0 0 rg BT 243.12 159.40 Td (a ) Tj ET Q q 0 0 0 rg BT 251.95 159.40 Td (sub-lease ) Tj ET Q q 0 0 0 rg BT 302.36 159.40 Td (agreement ) Tj ET Q q 0 0 0 rg BT 357.66 159.40 Td (for ) Tj ET Q q 0 0 0 rg BT 373.21 159.40 Td (of) Tj ET Q q 0 0 0 rg BT 382.19 159.40 Td (fice ) Tj ET Q q 0 0 0 rg BT 402.02 159.40 Td (space. ) Tj ET Q q 0 0 0 rg BT 436.96 159.40 Td (The ) Tj ET Q q 0 0 0 rg BT 458.63 159.40 Td (lease ) Tj ET Q q 0 0 0 rg BT 487.64 159.40 Td (agreement ) Tj ET Q q 0 0 0 rg BT 542.94 159.40 Td (was ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 146.20 Td (with ) Tj ET Q q 0 0 0 rg BT 71.52 146.20 Td (Republic, ) Tj ET Q q 0 0 0 rg BT 119.83 146.20 Td (an ) Tj ET Q q 0 0 0 rg BT 134.52 146.20 Td (entity ) Tj ET Q q 0 0 0 rg BT 163.27 146.20 Td (related ) Tj ET Q q 0 0 0 rg BT 199.35 146.20 Td (to ) Tj ET Q q 0 0 0 rg BT 210.98 146.20 Td (NexGen. ) Tj ET Q q 0 0 0 rg BT 256.69 146.20 Td (The ) Tj ET Q q 0 0 0 rg BT 278.10 146.20 Td (term ) Tj ET Q q 0 0 0 rg BT 302.55 146.20 Td (of ) Tj ET Q q 0 0 0 rg BT 314.18 146.20 Td (the ) Tj ET Q q 0 0 0 rg BT 331.92 146.20 Td (lease ) Tj ET Q q 0 0 0 rg BT 360.68 146.20 Td (was ) Tj ET Q q 0 0 0 rg BT 382.69 146.20 Td (8 ) Tj ET Q q 0 0 0 rg BT 400.44 146.20 Td (years. ) Tj ET Q q 0 0 0 rg BT 432.85 146.20 Td (Rent ) Tj ET Q q 0 0 0 rg BT 458.54 146.20 Td (expense ) Tj ET Q q 0 0 0 rg BT 502.58 146.20 Td (for ) Tj ET Q q 0 0 0 rg BT 517.87 146.20 Td (the ) Tj ET Q q 0 0 0 rg BT 535.62 146.20 Td (years ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 133.00 Td (ended ) Tj ET Q q 0 0 0 rg BT 83.14 133.00 Td (December ) Tj ET Q q 0 0 0 rg BT 136.94 133.00 Td (31, ) Tj ET Q q 0 0 0 rg BT 155.29 133.00 Td (2014 ) Tj ET Q q 0 0 0 rg BT 182.82 133.00 Td (and ) Tj ET Q q 0 0 0 rg BT 204.23 133.00 Td (2013 ) Tj ET Q q 0 0 0 rg BT 231.75 133.00 Td (was ) Tj ET Q q 0 0 0 rg BT 254.37 133.00 Td ($16,342 ) Tj ET Q q 0 0 0 rg BT 297.19 133.00 Td (and ) Tj ET Q q 0 0 0 rg BT 318.60 133.00 Td ($88,659, ) Tj ET Q q 0 0 0 rg BT 364.47 133.00 Td (respectively) Tj ET Q q 0 0 0 rg BT 421.73 133.00 Td (. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 107.80 Td (In ) Tj ET Q q 0 0 0 rg BT 61.73 107.80 Td (March ) Tj ET Q q 0 0 0 rg BT 95.34 107.80 Td (2014, ) Tj ET Q q 0 0 0 rg BT 125.93 107.80 Td (the ) Tj ET Q q 0 0 0 rg BT 144.27 107.80 Td (Company ) Tj ET Q q 0 0 0 rg BT 194.40 107.80 Td (terminated ) Tj ET Q q 0 0 0 rg BT 249.43 107.80 Td (the ) Tj ET Q q 0 0 0 rg BT 267.78 107.80 Td (sub-lease ) Tj ET Q q 0 0 0 rg BT 318.53 107.80 Td (with ) Tj ET Q q 0 0 0 rg BT 341.14 107.80 Td (Republic ) Tj ET Q q 0 0 0 rg BT 387.00 107.80 Td (and ) Tj ET Q q 0 0 0 rg BT 408.41 107.80 Td (entered ) Tj ET Q q 0 0 0 rg BT 448.77 107.80 Td (into ) Tj ET Q q 0 0 0 rg BT 469.56 107.80 Td (an ) Tj ET Q q 0 0 0 rg BT 484.85 107.80 Td (eight ) Tj ET Q q 0 0 0 rg BT 511.76 107.80 Td (year ) Tj ET Q q 0 0 0 rg BT 536.21 107.80 Td (lease ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 94.60 Td (agreement ) Tj ET Q q 0 0 0 rg BT 104.76 94.60 Td (for ) Tj ET Q q 0 0 0 rg BT 120.27 94.60 Td (of) Tj ET Q q 0 0 0 rg BT 129.24 94.60 Td (fice ) Tj ET Q q 0 0 0 rg BT 149.03 94.60 Td (space ) Tj ET Q q 0 0 0 rg BT 181.06 94.60 Td (directly ) Tj ET Q q 0 0 0 rg BT 218.57 94.60 Td (with ) Tj ET Q q 0 0 0 rg BT 240.80 94.60 Td (the ) Tj ET Q q 0 0 0 rg BT 258.77 94.60 Td (landlord. ) Tj ET Q q 0 0 0 rg BT 303.63 94.60 Td (Rent ) Tj ET Q q 0 0 0 rg BT 329.54 94.60 Td (expense ) Tj ET Q q 0 0 0 rg BT 373.80 94.60 Td (under ) Tj ET Q q 0 0 0 rg BT 404.60 94.60 Td (the ) Tj ET Q q 0 0 0 rg BT 422.57 94.60 Td (new ) Tj ET Q q 0 0 0 rg BT 445.42 94.60 Td (lease ) Tj ET Q q 0 0 0 rg BT 474.39 94.60 Td (for ) Tj ET Q q 0 0 0 rg BT 489.89 94.60 Td (the ) Tj ET Q q 0 0 0 rg BT 507.86 94.60 Td (year ) Tj ET Q q 0 0 0 rg BT 531.93 94.60 Td (ended ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 81.40 Td (December ) Tj ET Q q 0 0 0 rg BT 103.30 81.40 Td (31, ) Tj ET Q q 0 0 0 rg BT 121.64 81.40 Td (2015 ) Tj ET Q q 0 0 0 rg BT 149.17 81.40 Td (and ) Tj ET Q q 0 0 0 rg BT 170.58 81.40 Td (2014 ) Tj ET Q q 0 0 0 rg BT 198.11 81.40 Td (was ) Tj ET Q q 0 0 0 rg BT 220.73 81.40 Td ($202,953 ) Tj ET Q q 0 0 0 rg BT 269.66 81.40 Td (and ) Tj ET Q q 0 0 0 rg BT 291.07 81.40 Td ($157,762, ) Tj ET Q q 0 0 0 rg BT 343.06 81.40 Td (respectively) Tj ET Q q 0 0 0 rg BT 400.32 81.40 Td (.) Tj ET Q endstream endobj 329 0 obj <> endobj 330 0 obj <> stream BT /F5 11.00 Tf ET q 0 0 0 rg BT 168.80 771.50 Td (CLEAN COAL) Tj ET Q q 0 0 0 rg BT 240.71 771.50 Td ( SOLUTIONS, LLC ) Tj ET Q q 0 0 0 rg BT 338.08 771.50 Td (AND SUBSIDIARIES) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 163.80 758.30 Td (NOTES T) Tj ET Q q 0 0 0 rg BT 211.27 758.30 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 288.07 758.30 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 372.19 758.30 Td ( ST) Tj ET Q q 0 0 0 rg BT 388.49 758.30 Td (A) Tj ET Q q 0 0 0 rg BT 395.62 758.30 Td (TEMENTS) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 209.25 745.10 Td (DECEMBER 31, 2015, 2014 ) Tj ET Q q 0 0 0 rg BT 351.30 745.10 Td (AND 2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 33.60 Td (161) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 703.00 Td (Future minimum lease payments under lease agreements through December 31, 2022 are as follows:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 589.3 m 445.5 589.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 575.3 m 445.5 575.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 573.3 m 445.5 573.3 l s BT /F6 11.00 Tf ET q 0 0 0 rg BT 168.00 668.79 Td (2016) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 368.00 668.79 Td ($) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 401.50 668.79 Td (189,376) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 168.00 653.79 Td (2017) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 402.20 653.79 Td (196,178) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 168.00 638.79 Td (2018) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 402.20 638.79 Td (203,224) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 168.00 623.79 Td (2019) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 402.20 623.79 Td (206,523) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 168.00 608.79 Td (2020) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 402.20 608.79 Td (213,943) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 168.00 593.79 Td (Thereafter) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 402.20 593.79 Td (450,147) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 168.00 578.79 Td (Total) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 368.00 578.79 Td ($) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 392.35 578.79 Td (1,459,391) Tj ET Q BT /F1 10.00 Tf ET BT /F5 11.00 Tf ET q 0 0 0 rg BT 49.50 535.20 Td (NOTE ) Tj ET Q q 0 0 0 rg BT 83.11 535.20 Td (1) Tj ET Q q 0 0 0 rg BT 88.62 535.20 Td (1 ) Tj ET Q q 0 0 0 rg BT 97.80 535.20 Td ( ) Tj ET Q q 0 0 0 rg BT 106.97 535.20 Td (CONCENTRA) Tj ET Q q 0 0 0 rg BT 176.43 535.20 Td (TIONS ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 510.00 Td (The ) Tj ET Q q 0 0 0 rg BT 73.01 510.00 Td (Company) Tj ET Q q 0 0 0 rg BT 122.33 510.00 Td (s ) Tj ET Q q 0 0 0 rg BT 132.39 510.00 Td (operations ) Tj ET Q q 0 0 0 rg BT 188.31 510.00 Td (are ) Tj ET Q q 0 0 0 rg BT 208.77 510.00 Td (currently ) Tj ET Q q 0 0 0 rg BT 255.50 510.00 Td (dependent ) Tj ET Q q 0 0 0 rg BT 312.06 510.00 Td (upon ) Tj ET Q q 0 0 0 rg BT 341.08 510.00 Td (a ) Tj ET Q q 0 0 0 rg BT 351.76 510.00 Td (limited ) Tj ET Q q 0 0 0 rg BT 388.10 510.00 Td (number ) Tj ET Q q 0 0 0 rg BT 429.95 510.00 Td (of ) Tj ET Q q 0 0 0 rg BT 443.68 510.00 Td (third ) Tj ET Q q 0 0 0 rg BT 469.63 510.00 Td (parties ) Tj ET Q q 0 0 0 rg BT 507.21 510.00 Td (leasing ) Tj ET Q q 0 0 0 rg BT 546.62 510.00 Td (RC ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 496.80 Td (Facilities. ) Tj ET Q q 0 0 0 rg BT 98.86 496.80 Td (Further) Tj ET Q q 0 0 0 rg BT 133.71 496.80 Td (, ) Tj ET Q q 0 0 0 rg BT 140.28 496.80 Td (under ) Tj ET Q q 0 0 0 rg BT 171.93 496.80 Td (the ) Tj ET Q q 0 0 0 rg BT 190.73 496.80 Td (terms ) Tj ET Q q 0 0 0 rg BT 221.75 496.80 Td (of ) Tj ET Q q 0 0 0 rg BT 234.44 496.80 Td (the ) Tj ET Q q 0 0 0 rg BT 253.25 496.80 Td (lease ) Tj ET Q q 0 0 0 rg BT 283.06 496.80 Td (agreements, ) Tj ET Q q 0 0 0 rg BT 347.72 496.80 Td (the ) Tj ET Q q 0 0 0 rg BT 366.53 496.80 Td (leases ) Tj ET Q q 0 0 0 rg BT 401.84 496.80 Td (may ) Tj ET Q q 0 0 0 rg BT 426.13 496.80 Td (be ) Tj ET Q q 0 0 0 rg BT 441.89 496.80 Td (subject ) Tj ET Q q 0 0 0 rg BT 480.25 496.80 Td (to ) Tj ET Q q 0 0 0 rg BT 492.94 496.80 Td (termination ) Tj ET Q q 0 0 0 rg BT 550.87 496.80 Td (by ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 483.60 Td (the ) Tj ET Q q 0 0 0 rg BT 68.30 483.60 Td (lessee ) Tj ET Q q 0 0 0 rg BT 103.60 483.60 Td (at ) Tj ET Q q 0 0 0 rg BT 116.27 483.60 Td (periodic ) Tj ET Q q 0 0 0 rg BT 158.30 483.60 Td (intervals ) Tj ET Q q 0 0 0 rg BT 202.76 483.60 Td (or ) Tj ET Q q 0 0 0 rg BT 216.05 483.60 Td (upon ) Tj ET Q q 0 0 0 rg BT 244.02 483.60 Td (the ) Tj ET Q q 0 0 0 rg BT 262.82 483.60 Td (occurrence ) Tj ET Q q 0 0 0 rg BT 320.74 483.60 Td (of ) Tj ET Q q 0 0 0 rg BT 333.41 483.60 Td (specified ) Tj ET Q q 0 0 0 rg BT 380.33 483.60 Td (events ) Tj ET Q q 0 0 0 rg BT 416.25 483.60 Td (which ) Tj ET Q q 0 0 0 rg BT 447.87 483.60 Td (include ) Tj ET Q q 0 0 0 rg BT 486.23 483.60 Td (amendments ) Tj ET Q q 0 0 0 rg BT 553.33 483.60 Td (to ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 470.40 Td (Section ) Tj ET Q q 0 0 0 rg BT 89.02 470.40 Td (45 ) Tj ET Q q 0 0 0 rg BT 104.08 470.40 Td (of ) Tj ET Q q 0 0 0 rg BT 116.08 470.40 Td (the ) Tj ET Q q 0 0 0 rg BT 134.20 470.40 Td (Internal ) Tj ET Q q 0 0 0 rg BT 173.72 470.40 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 220.58 470.40 Td (Code. ) Tj ET Q q 0 0 0 rg BT 252.58 470.40 Td (The ) Tj ET Q q 0 0 0 rg BT 274.36 470.40 Td (termination ) Tj ET Q q 0 0 0 rg BT 331.60 470.40 Td (of ) Tj ET Q q 0 0 0 rg BT 343.60 470.40 Td (all ) Tj ET Q q 0 0 0 rg BT 357.43 470.40 Td (or ) Tj ET Q q 0 0 0 rg BT 370.04 470.40 Td (a ) Tj ET Q q 0 0 0 rg BT 378.99 470.40 Td (material ) Tj ET Q q 0 0 0 rg BT 420.94 470.40 Td (portion ) Tj ET Q q 0 0 0 rg BT 457.40 470.40 Td (of ) Tj ET Q q 0 0 0 rg BT 469.40 470.40 Td (these ) Tj ET Q q 0 0 0 rg BT 499.14 470.40 Td (leases ) Tj ET Q q 0 0 0 rg BT 533.76 470.40 Td (would ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 457.20 Td (have ) Tj ET Q q 0 0 0 rg BT 76.41 457.20 Td (a ) Tj ET Q q 0 0 0 rg BT 85.58 457.20 Td (significant ) Tj ET Q q 0 0 0 rg BT 137.55 457.20 Td (adverse ) Tj ET Q q 0 0 0 rg BT 179.74 457.20 Td (impact ) Tj ET Q q 0 0 0 rg BT 215.20 457.20 Td (on ) Tj ET Q q 0 0 0 rg BT 230.49 457.20 Td (the ) Tj ET Q q 0 0 0 rg BT 248.84 457.20 Td (Company) Tj ET Q q 0 0 0 rg BT 298.16 457.20 Td (s ) Tj ET Q q 0 0 0 rg BT 306.72 457.20 Td (future ) Tj ET Q q 0 0 0 rg BT 337.90 457.20 Td (operations ) Tj ET Q q 0 0 0 rg BT 392.33 457.20 Td (and ) Tj ET Q q 0 0 0 rg BT 413.74 457.20 Td (financial ) Tj ET Q q 0 0 0 rg BT 457.15 457.20 Td (condition. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 432.00 Td (Additionally) Tj ET Q q 0 0 0 rg BT 104.94 432.00 Td (, ) Tj ET Q q 0 0 0 rg BT 113.06 432.00 Td (for ) Tj ET Q q 0 0 0 rg BT 130.97 432.00 Td (the ) Tj ET Q q 0 0 0 rg BT 151.33 432.00 Td (RC ) Tj ET Q q 0 0 0 rg BT 172.28 432.00 Td (Facilities ) Tj ET Q q 0 0 0 rg BT 220.14 432.00 Td (operated ) Tj ET Q q 0 0 0 rg BT 268.63 432.00 Td (by ) Tj ET Q q 0 0 0 rg BT 285.31 432.00 Td (Clean ) Tj ET Q q 0 0 0 rg BT 319.12 432.00 Td (Coal, ) Tj ET Q q 0 0 0 rg BT 349.87 432.00 Td (the ) Tj ET Q q 0 0 0 rg BT 370.23 432.00 Td (production ) Tj ET Q q 0 0 0 rg BT 426.66 432.00 Td (of ) Tj ET Q q 0 0 0 rg BT 440.90 432.00 Td (refined ) Tj ET Q q 0 0 0 rg BT 479.61 432.00 Td (coal ) Tj ET Q q 0 0 0 rg BT 504.85 432.00 Td (is ) Tj ET Q q 0 0 0 rg BT 517.86 432.00 Td (generally ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 418.80 Td (dependent ) Tj ET Q q 0 0 0 rg BT 104.99 418.80 Td (upon ) Tj ET Q q 0 0 0 rg BT 132.95 418.80 Td (the ) Tj ET Q q 0 0 0 rg BT 151.73 418.80 Td (plant ) Tj ET Q q 0 0 0 rg BT 179.07 418.80 Td (operations ) Tj ET Q q 0 0 0 rg BT 233.93 418.80 Td (of ) Tj ET Q q 0 0 0 rg BT 246.59 418.80 Td (specific ) Tj ET Q q 0 0 0 rg BT 286.76 418.80 Td (generating ) Tj ET Q q 0 0 0 rg BT 342.23 418.80 Td (stations. ) Tj ET Q q 0 0 0 rg BT 386.69 418.80 Td ( ) Tj ET Q q 0 0 0 rg BT 390.17 418.80 Td (Production ) Tj ET Q q 0 0 0 rg BT 446.25 418.80 Td (at ) Tj ET Q q 0 0 0 rg BT 458.91 418.80 Td (these ) Tj ET Q q 0 0 0 rg BT 489.31 418.80 Td (locations ) Tj ET Q q 0 0 0 rg BT 536.22 418.80 Td (could ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 405.60 Td (be ) Tj ET Q q 0 0 0 rg BT 66.26 405.60 Td (impacted ) Tj ET Q q 0 0 0 rg BT 115.41 405.60 Td (by ) Tj ET Q q 0 0 0 rg BT 131.55 405.60 Td (the ) Tj ET Q q 0 0 0 rg BT 151.36 405.60 Td (demand ) Tj ET Q q 0 0 0 rg BT 195.64 405.60 Td (for ) Tj ET Q q 0 0 0 rg BT 213.00 405.60 Td (electricity) Tj ET Q q 0 0 0 rg BT 258.02 405.60 Td (, ) Tj ET Q q 0 0 0 rg BT 265.60 405.60 Td (the ) Tj ET Q q 0 0 0 rg BT 285.41 405.60 Td (amount ) Tj ET Q q 0 0 0 rg BT 326.62 405.60 Td (of ) Tj ET Q q 0 0 0 rg BT 340.32 405.60 Td (coal ) Tj ET Q q 0 0 0 rg BT 365.02 405.60 Td (burned ) Tj ET Q q 0 0 0 rg BT 403.79 405.60 Td (as ) Tj ET Q q 0 0 0 rg BT 419.93 405.60 Td (compared ) Tj ET Q q 0 0 0 rg BT 473.37 405.60 Td (to ) Tj ET Q q 0 0 0 rg BT 487.06 405.60 Td (other ) Tj ET Q q 0 0 0 rg BT 516.66 405.60 Td (electricity ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 392.40 Td (generation ) Tj ET Q q 0 0 0 rg BT 103.86 392.40 Td (alternatives ) Tj ET Q q 0 0 0 rg BT 162.48 392.40 Td (utilized ) Tj ET Q q 0 0 0 rg BT 199.09 392.40 Td (by ) Tj ET Q q 0 0 0 rg BT 213.08 392.40 Td (the ) Tj ET Q q 0 0 0 rg BT 230.74 392.40 Td (utility ) Tj ET Q q 0 0 0 rg BT 258.18 392.40 Td (to ) Tj ET Q q 0 0 0 rg BT 269.72 392.40 Td (produce ) Tj ET Q q 0 0 0 rg BT 311.84 392.40 Td (electricity) Tj ET Q q 0 0 0 rg BT 356.87 392.40 Td (, ) Tj ET Q q 0 0 0 rg BT 362.30 392.40 Td (disruptions ) Tj ET Q q 0 0 0 rg BT 417.86 392.40 Td (due ) Tj ET Q q 0 0 0 rg BT 438.59 392.40 Td (to ) Tj ET Q q 0 0 0 rg BT 450.13 392.40 Td (foreseen ) Tj ET Q q 0 0 0 rg BT 495.31 392.40 Td (or ) Tj ET Q q 0 0 0 rg BT 507.46 392.40 Td (unforeseen ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 379.20 Td (plant ) Tj ET Q q 0 0 0 rg BT 77.91 379.20 Td (outages, ) Tj ET Q q 0 0 0 rg BT 124.67 379.20 Td (and ) Tj ET Q q 0 0 0 rg BT 147.58 379.20 Td (changes ) Tj ET Q q 0 0 0 rg BT 193.72 379.20 Td (in ) Tj ET Q q 0 0 0 rg BT 206.84 379.20 Td (government ) Tj ET Q q 0 0 0 rg BT 269.49 379.20 Td (regulations ) Tj ET Q q 0 0 0 rg BT 327.86 379.20 Td (related ) Tj ET Q q 0 0 0 rg BT 366.05 379.20 Td (to ) Tj ET Q q 0 0 0 rg BT 379.78 379.20 Td (electricity ) Tj ET Q q 0 0 0 rg BT 430.18 379.20 Td (generation ) Tj ET Q q 0 0 0 rg BT 486.72 379.20 Td (or ) Tj ET Q q 0 0 0 rg BT 501.06 379.20 Td (coal ) Tj ET Q q 0 0 0 rg BT 525.80 379.20 Td (burning ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 366.00 Td (activities.) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 340.80 Td (The Chemicals utilized by the Company to produce refined coal are available from a limited number of ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 327.60 Td (vendors in the United States. ) Tj ET Q q 0 0 0 rg BT 193.61 327.60 Td (The Company's future operations may be materially and adversely af) Tj ET Q q 0 0 0 rg BT 528.73 327.60 Td (fected ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 314.40 Td (if the Company encounters dif) Tj ET Q q 0 0 0 rg BT 195.44 314.40 Td (ficulty procuring these Chemicals, the quality of available Chemicals ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 301.20 Td (deteriorates, or there are significant price increases for the Chemicals. ) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 49.50 274.80 Td (NOTE ) Tj ET Q q 0 0 0 rg BT 83.11 274.80 Td (12 ) Tj ET Q q 0 0 0 rg BT 98.40 274.80 Td (- ) Tj ET Q q 0 0 0 rg BT 105.12 274.80 Td (SUBSEQUENT ) Tj ET Q q 0 0 0 rg BT 184.58 274.80 Td (EVENTS) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 249.60 Td (Management evaluated subsequent events through ) Tj ET Q q 0 0 0 rg BT 302.68 249.60 Td (April 12, 2016, the date the financial statements were ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 236.40 Td (available to be issued.) Tj ET Q endstream endobj 331 0 obj <> endobj 332 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (162) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 193.40 595.80 Td (CLEAN COAL) Tj ET Q q 0 0 0 rg BT 265.31 595.80 Td ( SOLUTIONS SER) Tj ET Q q 0 0 0 rg BT 358.01 595.80 Td (VICES, LLC) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 193.35 569.40 Td (CONSOLIDA) Tj ET Q q 0 0 0 rg BT 258.53 569.40 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 342.66 569.40 Td ( ST) Tj ET Q q 0 0 0 rg BT 358.96 569.40 Td (A) Tj ET Q q 0 0 0 rg BT 366.08 569.40 Td (TEMENTS) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 216.10 556.20 Td (As of December 31, 2015 and 2014) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 118.70 543.00 Td (And for the ) Tj ET Q q 0 0 0 rg BT 180.22 543.00 Td (Y) Tj ET Q q 0 0 0 rg BT 186.95 543.00 Td (ears Ended December 31, 2015, 2014 and 2013 \(Unaudited\)) Tj ET Q endstream endobj 333 0 obj <> endobj 334 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (163) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 247.10 714.60 Td (T) Tj ET Q q 0 0 0 rg BT 253.00 714.60 Td (ABLE OF CONTENTS) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 516.35 681.59 Td (Page) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 63.50 651.59 Td (REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 63.50 621.59 Td (FINANCIAL STATEMENTS) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 87.50 591.59 Td (Consolidated Balance Sheets) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 87.50 576.59 Td (Consolidated Statements of Operations) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 87.50 561.59 Td (Consolidated Statements of Members' Equity) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 87.50 546.59 Td (Consolidated Statements of Cash Flow) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 87.50 516.59 Td (Notes to Consolidated Financial Statements) Tj ET Q BT /F1 10.00 Tf ET BT /F6 11.00 Tf ET q 0 0 0 rg BT 528.10 651.59 Td (164) Tj ET Q BT /F6 11.00 Tf ET BT /F6 11.00 Tf ET q 0 0 0 rg BT 528.10 591.59 Td (165) Tj ET Q BT /F6 11.00 Tf ET BT /F6 11.00 Tf ET q 0 0 0 rg BT 528.10 576.59 Td (167) Tj ET Q BT /F6 11.00 Tf ET BT /F6 11.00 Tf ET q 0 0 0 rg BT 528.10 561.59 Td (168) Tj ET Q BT /F6 11.00 Tf ET BT /F6 11.00 Tf ET q 0 0 0 rg BT 528.10 546.59 Td (169) Tj ET Q BT /F6 11.00 Tf ET BT /F6 11.00 Tf ET q 0 0 0 rg BT 528.10 516.59 Td (170) Tj ET Q BT /F6 11.00 Tf ET endstream endobj 335 0 obj <> endobj 336 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (164) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 118.35 741.60 Td (REPOR) Tj ET Q q 0 0 0 rg BT 156.46 741.60 Td (T) Tj ET Q q 0 0 0 rg BT 163.60 741.60 Td ( OF) Tj ET Q q 0 0 0 rg BT 181.22 741.60 Td ( INDEPENDENT) Tj ET Q q 0 0 0 rg BT 263.84 741.60 Td ( REGISTERED PUBLIC ) Tj ET Q q 0 0 0 rg BT 385.18 741.60 Td (ACCOUNTING FIRM) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 692.40 Td (T) Tj ET Q q 0 0 0 rg BT 55.95 692.40 Td (o the Board of Members) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 679.20 Td (Clean Coal Solutions Services, LLC) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 642.00 Td (W) Tj ET Q q 0 0 0 rg BT 59.50 642.00 Td (e have audited the accompanying consolidated balance sheets of Clean Coal Solutions Services, LLC and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 628.80 Td (subsidiaries as of December31, 2015 and 2014, and the related consolidated statements of operations, members) Tj ET Q q 0 0 0 rg BT 545.26 628.80 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 615.60 Td (equity) Tj ET Q q 0 0 0 rg BT 76.78 615.60 Td (, and cash flows for the years then ended. ) Tj ET Q q 0 0 0 rg BT 261.38 615.60 Td (These financial statements are the responsibility of the Company) Tj ET Q q 0 0 0 rg BT 549.74 615.60 Td (s ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 602.40 Td (management. Our responsibility is to express an opinion on these financial statements based on our audits.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 576.00 Td (W) Tj ET Q q 0 0 0 rg BT 59.50 576.00 Td (e conducted our audits in accordance with the auditing standards of the Public Company ) Tj ET Q q 0 0 0 rg BT 450.51 576.00 Td (Accounting Oversight ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 562.80 Td (Board \(United States\) and in accordance with auditing standards generally accepted in the United States of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 549.60 Td (America. ) Tj ET Q q 0 0 0 rg BT 93.17 549.60 Td (Those standards require that we plan and perform the audit to obtain reasonable assurance about whether ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 536.40 Td (the financial statements are free of material misstatement. ) Tj ET Q q 0 0 0 rg BT 306.66 536.40 Td (The Company is not required to have, nor were we ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 523.20 Td (engaged to perform, an audit of its internal control over financial reporting. Our audit included consideration of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 510.00 Td (internal control over financial reporting as a basis for designing audit procedures that are appropriate in the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 496.80 Td (circumstances, but not for the purpose of expressing an opinion on the ef) Tj ET Q q 0 0 0 rg BT 370.25 496.80 Td (fectiveness of the Company) Tj ET Q q 0 0 0 rg BT 495.80 496.80 Td (s internal ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 483.60 Td (control over financial reporting. ) Tj ET Q q 0 0 0 rg BT 192.65 483.60 Td (Accordingly we express no such opinion. ) Tj ET Q q 0 0 0 rg BT 376.86 483.60 Td (An audit also includes examining, on a ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 470.40 Td (test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 457.20 Td (principles used and significant estimates made by management, as well as evaluating the overall financial statement ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 444.00 Td (presentation. ) Tj ET Q q 0 0 0 rg BT 109.06 444.00 Td (W) Tj ET Q q 0 0 0 rg BT 118.56 444.00 Td (e believe that our audit provides a reasonable basis for our opinion.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 417.60 Td (In our opinion, the consolidated financial statements referred to above present fairly) Tj ET Q q 0 0 0 rg BT 418.88 417.60 Td (, in all material respects, the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 404.40 Td (financial position of Clean Coal Solutions Services, LLC and subsidiaries as of December31, 2015 and 2014, and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 391.20 Td (the results of their operations and their cash flows for the years then ended, in conformity with U.S. generally ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 378.00 Td (accepted accounting principles. ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 339.60 Td (/s/ Hein & ) Tj ET Q q 0 0 0 rg BT 97.97 339.60 Td (Associates LLP) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 314.40 Td (Denver) Tj ET Q q 0 0 0 rg BT 81.93 314.40 Td (, Colorado) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 301.20 Td (April 12, 2016) Tj ET Q endstream endobj 337 0 obj <> endobj 338 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (165) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 193.40 741.00 Td (CLEAN COAL) Tj ET Q q 0 0 0 rg BT 265.31 741.00 Td ( SOLUTIONS SER) Tj ET Q q 0 0 0 rg BT 358.01 741.00 Td (VICES, LLC) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 210.45 727.80 Td (CONSOLIDA) Tj ET Q q 0 0 0 rg BT 275.63 727.80 Td (TED BALANCE SHEETS) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 216.10 714.60 Td (As of December 31, 2015 and 2014) Tj ET Q BT /F8 11.00 Tf ET q 0 0 0 rg BT 268.10 701.40 Td (\(in thousands\)) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368.5 647.7 m 448.5 647.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 647.7 m 532.5 647.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368.5 537.7 m 448.5 537.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368.5 521.7 m 448.5 521.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 537.7 m 532.5 537.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 521.7 m 532.5 521.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368.5 459.7 m 448.5 459.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368.5 443.7 m 448.5 443.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 459.7 m 532.5 459.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 443.7 m 532.5 443.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368.5 413.7 m 448.5 413.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368.5 411.7 m 448.5 411.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 413.7 m 532.5 413.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 411.7 m 532.5 411.7 l s BT /F5 11.00 Tf ET q 0 0 0 rg BT 282.95 667.19 Td (ASSETS) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 395.75 652.19 Td (2015) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 479.75 652.19 Td (2014) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 81.00 622.19 Td (CURRENT ) Tj ET Q q 0 0 0 rg BT 137.42 622.19 Td (ASSETS) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 81.00 606.54 Td ( Cash) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 371.00 606.54 Td ($) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 416.75 606.59 Td (4,413) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 455.00 606.54 Td ($) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 500.75 606.59 Td (8,854) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 81.00 590.54 Td ( ) Tj ET Q q 0 0 0 rg BT 92.62 590.54 Td (Accounts receivable) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 410.65 590.54 Td (77,475) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 488.50 590.59 Td (102,068) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 81.00 574.54 Td ( Related party receivables) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 416.75 574.59 Td (3,631) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 500.75 574.59 Td (5,581) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 81.00 558.54 Td ( Inventory) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 410.65 558.54 Td (73,354) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 494.65 558.54 Td (54,254) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 81.00 542.54 Td ( Prepaid expenses) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 410.65 542.54 Td (28,086) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 494.65 542.54 Td (45,186) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 81.00 526.54 Td ( ) Tj ET Q q 0 0 0 rg BT 83.86 526.54 Td (T) Tj ET Q q 0 0 0 rg BT 89.36 526.54 Td (otal current assets) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 404.50 526.59 Td (186,959) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 488.50 526.59 Td (215,943) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 81.00 496.19 Td (NON-CURRENT ) Tj ET Q q 0 0 0 rg BT 165.53 496.19 Td (ASSETS) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 81.00 480.54 Td ( Fixed assets, net) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 416.75 480.59 Td (3,692) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 500.75 480.59 Td (2,652) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 81.00 464.54 Td ( ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 93.22 464.54 Td (Other assets) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 432.00 464.54 Td (12) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 500.75 464.59 Td (9,972) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 81.00 448.54 Td ( ) Tj ET Q q 0 0 0 rg BT 83.86 448.54 Td (T) Tj ET Q q 0 0 0 rg BT 89.36 448.54 Td (otal non-current assets) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 416.75 448.59 Td (3,704) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 494.65 448.54 Td (12,624) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 81.00 417.54 Td (T) Tj ET Q q 0 0 0 rg BT 87.52 417.54 Td (OT) Tj ET Q q 0 0 0 rg BT 101.98 417.54 Td (AL) Tj ET Q q 0 0 0 rg BT 116.44 417.54 Td ( ) Tj ET Q q 0 0 0 rg BT 119.09 417.54 Td (ASSETS) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 371.00 417.54 Td ($) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 404.50 417.59 Td (190,663) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 455.00 417.54 Td ($) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 488.50 417.59 Td (228,567) Tj ET Q BT /F1 10.00 Tf ET BT /F6 9.00 Tf ET q 0 0 0 rg BT 50.00 390.40 Td (The following table presents certain assets of the consolidated variable interest entities \("VIEs"\), which are included in the ) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 50.00 379.60 Td (Consolidated Balance Sheets above. ) Tj ET Q q 0 0 0 rg BT 202.44 379.60 Td (The assets in the table below include those assets that can only be used to settle ) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 50.00 368.80 Td (obligations of consolidated VIEs, presented on the following page, and are in excess of those obligations. ) Tj ET Q q 0 0 0 rg BT 472.78 368.80 Td (Additionally) Tj ET Q q 0 0 0 rg BT 518.14 368.80 Td (, the ) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 50.00 358.00 Td (assets in the table below include third-party assets of consolidated VIEs only and exclude intercompany balances that eliminate ) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 50.00 347.20 Td (in consolidation.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 113.45 323.20 Td (Assets of consolidated VIEs to be used to settle obligations of consolidated VIEs) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 270.70000000000005 m 451 270.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455 270.70000000000005 m 535 270.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 160.70000000000005 m 451 160.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 145.70000000000005 m 451 145.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 143.70000000000005 m 451 143.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455 160.70000000000005 m 535 160.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455 145.70000000000005 m 535 145.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455 143.70000000000005 m 535 143.70000000000005 l s BT /F5 11.00 Tf ET q 0 0 0 rg BT 418.25 290.19 Td (December 31) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 398.25 275.19 Td (2015) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 482.25 275.19 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.50 260.37 Td () Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 90.50 245.19 Td (Cash) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 373.50 245.19 Td ($) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 419.25 245.24 Td (3,859) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 457.50 245.19 Td ($) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 503.25 245.24 Td (7,685) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 90.50 229.54 Td (Accounts receivable) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 413.15 229.54 Td (74,061) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 491.00 229.59 Td (101,448) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 90.50 213.54 Td (Related party receivables) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 435.75 213.54 Td () Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 524.65 213.54 Td (5) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 90.50 197.54 Td (Inventory) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 413.15 197.54 Td (73,353) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 497.15 197.54 Td (54,254) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 90.50 181.54 Td (Prepaid expenses) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 413.15 181.54 Td (27,748) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 497.15 181.54 Td (44,651) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 90.50 165.54 Td (Non-current assets) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 428.40 165.54 Td (722) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 497.15 165.54 Td (10,680) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 78.50 149.54 Td ( T) Tj ET Q q 0 0 0 rg BT 88.08 149.54 Td (OT) Tj ET Q q 0 0 0 rg BT 102.54 149.54 Td (AL) Tj ET Q q 0 0 0 rg BT 117.00 149.54 Td ( ) Tj ET Q q 0 0 0 rg BT 119.65 149.54 Td (ASSETS) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 373.50 149.54 Td ($) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 407.00 149.59 Td (179,743) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 457.50 149.54 Td ($) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 491.00 149.59 Td (218,723) Tj ET Q BT /F1 10.00 Tf ET BT /F6 11.00 Tf ET q 0 0 0 rg BT 213.35 106.80 Td (Statement continues on the next page) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 99.00 80.40 Td (The accompanying notes are an integral part of the consolidated financial statements) Tj ET Q endstream endobj 339 0 obj <> endobj 340 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (166) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 193.40 714.60 Td (CLEAN COAL) Tj ET Q q 0 0 0 rg BT 265.31 714.60 Td ( SOLUTIONS SER) Tj ET Q q 0 0 0 rg BT 358.01 714.60 Td (VICES, LLC) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 210.45 701.40 Td (CONSOLIDA) Tj ET Q q 0 0 0 rg BT 275.63 701.40 Td (TED BALANCE SHEETS) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 184.00 688.20 Td (As of December 31, 2014 and 2013 \(Unaudited\)) Tj ET Q BT /F8 11.00 Tf ET q 0 0 0 rg BT 268.10 675.00 Td (\(in thousands\)) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368.5 622.5 m 448.5 622.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 622.5 m 532.5 622.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 622.5 m 532.5 622.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368.5 544.5 m 448.5 544.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 544.5 m 532.5 544.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368.5 482.5 m 448.5 482.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368.5 466.5 m 448.5 466.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 482.5 m 532.5 482.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 466.5 m 532.5 466.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368.5 404.5 m 448.5 404.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368.5 388.5 m 448.5 388.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 404.5 m 532.5 404.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 388.5 m 532.5 388.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368.5 358.5 m 448.5 358.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368.5 356.5 m 448.5 356.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 358.5 m 532.5 358.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 356.5 m 532.5 356.5 l s BT /F5 11.00 Tf ET q 0 0 0 rg BT 207.40 641.99 Td (LIABILITIES AND MEMBERS' EQUITY) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 395.75 626.99 Td (2015) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 479.75 626.99 Td (2014) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 81.00 596.99 Td (CURRENT LIABILITIES) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 81.00 581.34 Td ( ) Tj ET Q q 0 0 0 rg BT 92.62 581.34 Td (Accounts payable) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 371.00 581.34 Td ($) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 410.65 581.34 Td (83,396) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 455.00 581.34 Td ($) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 488.50 581.39 Td (122,708) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 81.00 565.34 Td ( Related party payables) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 416.75 565.39 Td (3,497) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 516.05 565.39 Td (30) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 81.00 549.34 Td ( ) Tj ET Q q 0 0 0 rg BT 92.62 549.34 Td (Accrued liabilities) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 416.75 549.39 Td (5,783) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 500.75 549.39 Td (5,120) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 81.00 533.34 Td ( ) Tj ET Q q 0 0 0 rg BT 83.86 533.34 Td (T) Tj ET Q q 0 0 0 rg BT 89.36 533.34 Td (otal current liabilities) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 410.65 533.34 Td (92,676) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 488.50 533.39 Td (127,858) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 81.00 502.34 Td (NON-CURRENT LIABILITIES) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 416.75 502.39 Td (1,365) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 500.75 502.39 Td (1,214) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 81.00 471.34 Td (T) Tj ET Q q 0 0 0 rg BT 87.52 471.34 Td (OT) Tj ET Q q 0 0 0 rg BT 101.98 471.34 Td (AL) Tj ET Q q 0 0 0 rg BT 116.44 471.34 Td ( LIABILITIES) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 410.65 471.34 Td (94,041) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 488.50 471.39 Td (129,072) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 81.00 440.99 Td (MEMBERS' EQUITY) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 81.00 425.34 Td ( Members' equity) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 416.75 425.39 Td (7,935) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 500.75 425.39 Td (8,298) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 81.00 409.34 Td ( Noncontrolling interests) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 410.65 409.34 Td (88,687) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 494.65 409.34 Td (91,197) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 81.00 393.34 Td (T) Tj ET Q q 0 0 0 rg BT 87.52 393.34 Td (OT) Tj ET Q q 0 0 0 rg BT 101.98 393.34 Td (AL) Tj ET Q q 0 0 0 rg BT 116.44 393.34 Td ( MEMBERS' EQUITY) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 410.65 393.34 Td (96,622) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 494.65 393.34 Td (99,495) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 81.00 362.34 Td (T) Tj ET Q q 0 0 0 rg BT 87.52 362.34 Td (OT) Tj ET Q q 0 0 0 rg BT 101.98 362.34 Td (AL) Tj ET Q q 0 0 0 rg BT 116.44 362.34 Td ( LIABILITIES ) Tj ET Q q 0 0 0 rg BT 185.09 362.34 Td (AND MEMBERS' EQUITY) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 371.00 362.34 Td ($) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 404.50 362.39 Td (190,663) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 455.00 362.34 Td ($) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 488.50 362.39 Td (228,567) Tj ET Q BT /F1 10.00 Tf ET BT /F6 9.00 Tf ET q 0 0 0 rg BT 50.00 334.00 Td (The following table presents certain liabilities of consolidated VIEs, which are included in the Consolidated Balance Sheets ) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 50.00 323.20 Td (above. ) Tj ET Q q 0 0 0 rg BT 81.86 323.20 Td (The liabilities in the table below include third-party liabilities of consolidated VIEs only and exclude intercompany ) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 50.00 312.40 Td (balances that eliminate in consolidation. ) Tj ET Q q 0 0 0 rg BT 213.94 312.40 Td (The liabilities also exclude intercompany amounts where creditors have recourse ) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 50.00 301.60 Td (against the general credit of Clean Coal Solutions, LLC.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 50.00 277.60 Td (Liabilities of consolidated VIEs for which creditors do not have recourse to the general credit of Clean Coal ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 50.00 265.60 Td (Solutions Services, LLC) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 211.89999999999998 m 451 211.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455 211.89999999999998 m 535 211.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455 211.89999999999998 m 535 211.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 149.89999999999998 m 451 149.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 134.89999999999998 m 451 134.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 132.89999999999998 m 451 132.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455 149.89999999999998 m 535 149.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455 134.89999999999998 m 535 134.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455 132.89999999999998 m 535 132.89999999999998 l s BT /F5 11.00 Tf ET q 0 0 0 rg BT 418.25 231.39 Td (December 31) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 398.25 216.39 Td (2015) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 482.25 216.39 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.50 201.57 Td () Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 78.50 186.39 Td (LIABILITIES) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 90.50 170.74 Td (Accounts payable and accrued liabilities) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 373.50 170.74 Td ($) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 413.15 170.74 Td (89,791) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 457.50 170.74 Td ($) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 491.00 170.79 Td (123,879) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 90.50 154.74 Td (Non-current liabilities) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 419.25 154.79 Td (1,266) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 503.25 154.79 Td (1,039) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 78.50 138.74 Td (T) Tj ET Q q 0 0 0 rg BT 85.02 138.74 Td (OT) Tj ET Q q 0 0 0 rg BT 99.48 138.74 Td (AL) Tj ET Q q 0 0 0 rg BT 113.94 138.74 Td ( LIABILITIES) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 373.50 138.74 Td ($) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 413.15 138.74 Td (91,057) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 457.50 138.74 Td ($) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 491.00 138.79 Td (124,918) Tj ET Q BT /F1 10.00 Tf ET BT /F6 11.00 Tf ET q 0 0 0 rg BT 99.00 108.00 Td (The accompanying notes are an integral part of the consolidated financial statements) Tj ET Q endstream endobj 341 0 obj <> endobj 342 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (167) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 193.40 741.00 Td (CLEAN COAL) Tj ET Q q 0 0 0 rg BT 265.31 741.00 Td ( SOLUTIONS SER) Tj ET Q q 0 0 0 rg BT 358.01 741.00 Td (VICES, LLC) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 177.75 727.80 Td (CONSOLIDA) Tj ET Q q 0 0 0 rg BT 242.93 727.80 Td (TED ST) Tj ET Q q 0 0 0 rg BT 281.23 727.80 Td (A) Tj ET Q q 0 0 0 rg BT 288.36 727.80 Td (TEMENTS OF OPERA) Tj ET Q q 0 0 0 rg BT 400.60 727.80 Td (TIONS) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 129.40 714.60 Td (For the ) Tj ET Q q 0 0 0 rg BT 169.53 714.60 Td (Y) Tj ET Q q 0 0 0 rg BT 176.26 714.60 Td (ears Ended December 31, 2015, 2014 and 2013 \(Unaudited\) ) Tj ET Q BT /F8 11.00 Tf ET q 0 0 0 rg BT 268.10 701.40 Td (\(in thousands\)) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 660.9 m 376.5 660.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380.5 660.9 m 465.5 660.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 469.5 660.9 m 554.5 660.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 598.9 m 376.5 598.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 582.9 m 376.5 582.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380.5 598.9 m 465.5 598.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380.5 582.9 m 465.5 582.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 469.5 598.9 m 554.5 598.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 469.5 582.9 m 554.5 582.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 489.9 m 376.5 489.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 473.9 m 376.5 473.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380.5 489.9 m 465.5 489.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380.5 473.9 m 465.5 473.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 469.5 489.9 m 554.5 489.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 469.5 473.9 m 554.5 473.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 364.9 m 376.5 364.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 348.9 m 376.5 348.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380.5 364.9 m 465.5 364.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380.5 348.9 m 465.5 348.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 469.5 364.9 m 554.5 364.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 469.5 348.9 m 554.5 348.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 277.9 m 376.5 277.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 261.9 m 376.5 261.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380.5 277.9 m 465.5 277.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380.5 261.9 m 465.5 261.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 469.5 277.9 m 554.5 277.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 469.5 261.9 m 554.5 261.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 199.89999999999998 m 376.5 199.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 183.89999999999998 m 376.5 183.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380.5 199.89999999999998 m 465.5 199.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380.5 183.89999999999998 m 465.5 183.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 469.5 199.89999999999998 m 554.5 199.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 469.5 183.89999999999998 m 554.5 183.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 107.89999999999998 m 376.5 107.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 83.89999999999998 m 376.5 83.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 81.89999999999998 m 376.5 81.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380.5 107.89999999999998 m 465.5 107.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380.5 83.89999999999998 m 465.5 83.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380.5 81.89999999999998 m 465.5 81.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 469.5 107.89999999999998 m 554.5 107.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 469.5 83.89999999999998 m 554.5 83.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 469.5 81.89999999999998 m 554.5 81.89999999999998 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.50 680.57 Td () Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 484.60 680.39 Td (Unaudited) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 321.25 665.39 Td (2015) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 410.25 665.39 Td (2014) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 499.25 665.39 Td (2013) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 59.00 635.39 Td (REVENUES) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 59.00 619.74 Td ( Coal sales) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 294.00 619.74 Td ($) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 323.35 619.74 Td (1,019,259) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 383.00 619.74 Td ($) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 421.50 619.79 Td (640,596) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 472.00 619.74 Td ($) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 510.50 619.79 Td (329,955) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 59.00 603.74 Td ( Service revenue) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 338.65 603.74 Td (14,246) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 427.65 603.74 Td (11,800) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 522.75 603.79 Td (9,555) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 77.00 587.74 Td ( ) Tj ET Q q 0 0 0 rg BT 79.86 587.74 Td (T) Tj ET Q q 0 0 0 rg BT 85.36 587.74 Td (otal revenues) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 323.35 587.74 Td (1,033,505) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 421.50 587.79 Td (652,396) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 510.50 587.79 Td (339,510) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 59.00 557.39 Td (COST OF SALES \(exclusive of) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 59.00 542.39 Td (depreciation shown separately below\)) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 59.00 526.74 Td ( Coal purchases) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 323.35 526.74 Td (1,019,066) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 421.50 526.79 Td (640,549) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 510.50 526.79 Td (329,877) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 59.00 510.74 Td ( Chemicals) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 338.65 510.74 Td (12,059) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 433.75 510.79 Td (7,625) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 522.75 510.79 Td (4,629) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 59.00 494.74 Td ( Site, production and related fees) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 338.65 494.74 Td (44,876) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 427.65 494.74 Td (26,390) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 516.65 494.74 Td (16,059) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 77.00 478.74 Td ( ) Tj ET Q q 0 0 0 rg BT 79.86 478.74 Td (T) Tj ET Q q 0 0 0 rg BT 85.36 478.74 Td (otal cost of sales) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 323.35 478.74 Td (1,076,001) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 421.50 478.79 Td (674,564) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 510.50 478.79 Td (350,565) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 59.00 447.74 Td (GROSS PROFIT \(LOSS\)) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 334.95 447.74 Td (\(42,496) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 372.30 447.74 Td (\)) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 423.95 447.79 Td (\(22,168) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 461.30 447.74 Td (\)) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 512.95 447.79 Td (\(11,055) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 550.30 447.74 Td (\)) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 59.00 417.39 Td (OPERA) Tj ET Q q 0 0 0 rg BT 97.30 417.39 Td (TING EXPENSE) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 59.00 401.74 Td ( Facility) Tj ET Q q 0 0 0 rg BT 104.63 401.74 Td (, of) Tj ET Q q 0 0 0 rg BT 119.72 401.74 Td (fice and infrastructure) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 332.50 401.74 Td (133,968) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 427.65 401.74 Td (83,979) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 516.65 401.74 Td (48,467) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 59.00 385.74 Td ( Labor costs) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 338.65 385.74 Td (12,536) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 433.75 385.79 Td (9,586) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 522.75 385.79 Td (6,065) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 59.00 369.74 Td ( Other costs) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 344.75 369.74 Td (9,090) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 433.75 369.79 Td (4,606) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 522.75 369.79 Td (5,601) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 77.00 353.74 Td ( ) Tj ET Q q 0 0 0 rg BT 79.86 353.74 Td (T) Tj ET Q q 0 0 0 rg BT 85.36 353.74 Td (otal operating expense) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 332.50 353.74 Td (155,594) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 427.65 353.74 Td (98,171) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 516.65 353.74 Td (60,133) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 59.00 323.39 Td (SELLING, GENERAL) Tj ET Q q 0 0 0 rg BT 166.36 323.39 Td ( ) Tj ET Q q 0 0 0 rg BT 169.01 323.39 Td (AND ) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 59.00 312.39 Td (ADMINISTRA) Tj ET Q q 0 0 0 rg BT 127.23 312.39 Td (TIVE EXPENSE) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 344.75 313.74 Td (5,426) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 433.75 313.79 Td (4,234) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 522.75 313.79 Td (2,838) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 59.00 282.74 Td (DEPRECIA) Tj ET Q q 0 0 0 rg BT 115.03 282.74 Td (TION EXPENSE) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 353.90 282.74 Td (436) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 442.90 282.74 Td (352) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 531.90 282.74 Td (276) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 59.00 266.74 Td (Loss from operations) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 328.85 266.74 Td (\(203,952) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 372.30 266.74 Td (\)) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 417.80 266.74 Td (\(124,925) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 461.30 266.74 Td (\)) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 512.95 266.79 Td (\(74,302) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 550.30 266.74 Td (\)) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 59.00 236.39 Td (OTHER EXPENSE) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 59.00 220.74 Td ( Other expense) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 353.90 220.74 Td (101) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 449.00 220.74 Td (22) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 544.15 220.74 Td (5) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 59.00 204.74 Td ( Interest expense, net) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 360.05 204.74 Td (17) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 449.00 204.74 Td (40) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 531.90 204.74 Td (129) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 77.00 188.74 Td ( ) Tj ET Q q 0 0 0 rg BT 79.86 188.74 Td (T) Tj ET Q q 0 0 0 rg BT 85.36 188.74 Td (otal other expense) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 353.90 188.74 Td (118) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 449.00 188.74 Td (62) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 531.90 188.74 Td (134) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 59.00 158.39 Td (NET LOSS) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 328.85 158.39 Td (\(204,070) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 372.30 158.39 Td (\)) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 417.80 158.39 Td (\(124,987) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 461.30 158.39 Td (\)) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 512.95 158.44 Td (\(74,436) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 550.30 158.39 Td (\)) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 59.00 127.74 Td (Loss attributable to noncontrolling interests) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 332.50 127.74 Td (213,746) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 421.50 127.79 Td (132,237) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 516.65 127.74 Td (77,814) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 59.00 97.39 Td (NET INCOME ) Tj ET Q q 0 0 0 rg BT 130.70 97.39 Td (A) Tj ET Q q 0 0 0 rg BT 137.83 97.39 Td (TTRIBUT) Tj ET Q q 0 0 0 rg BT 184.06 97.39 Td (ABLE T) Tj ET Q q 0 0 0 rg BT 223.58 97.39 Td (O CCSS ) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 59.00 86.39 Td (MEMBERS) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 294.00 87.74 Td ($) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 344.75 87.74 Td (9,676) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 383.00 87.74 Td ($) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 433.75 87.79 Td (7,250) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 472.00 87.74 Td ($) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 522.75 87.79 Td (3,378) Tj ET Q BT /F1 10.00 Tf ET BT /F6 11.00 Tf ET q 0 0 0 rg BT 99.00 57.00 Td (The accompanying notes are an integral part of the consolidated financial statements) Tj ET Q endstream endobj 343 0 obj <> endobj 344 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (168) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 193.40 741.00 Td (CLEAN COAL) Tj ET Q q 0 0 0 rg BT 265.31 741.00 Td ( SOLUTIONS SER) Tj ET Q q 0 0 0 rg BT 358.01 741.00 Td (VICES, LLC) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 162.40 727.80 Td (CONSOLIDA) Tj ET Q q 0 0 0 rg BT 227.58 727.80 Td (TED ST) Tj ET Q q 0 0 0 rg BT 265.88 727.80 Td (A) Tj ET Q q 0 0 0 rg BT 273.01 727.80 Td (TEMENTS OF MEMBERS' EQUITY) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 184.00 714.60 Td (As of December 31, 2014 and 2013 \(Unaudited\)) Tj ET Q BT /F8 11.00 Tf ET q 0 0 0 rg BT 268.10 701.40 Td (\(in thousands\)) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 298.5 647.7 m 383.5 647.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387.5 647.7 m 472.5 647.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 647.7 m 561.5 647.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 298.5 509.70000000000005 m 383.5 509.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 298.5 493.70000000000005 m 383.5 493.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387.5 509.70000000000005 m 472.5 509.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387.5 493.70000000000005 m 472.5 493.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 509.70000000000005 m 561.5 509.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 493.70000000000005 m 561.5 493.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 298.5 371.70000000000005 m 383.5 371.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 298.5 355.70000000000005 m 383.5 355.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387.5 371.70000000000005 m 472.5 371.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387.5 355.70000000000005 m 472.5 355.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 371.70000000000005 m 561.5 371.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 355.70000000000005 m 561.5 355.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 298.5 260.70000000000005 m 383.5 260.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 298.5 244.70000000000005 m 383.5 244.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387.5 260.70000000000005 m 472.5 260.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387.5 244.70000000000005 m 472.5 244.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 260.70000000000005 m 561.5 260.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 244.70000000000005 m 561.5 244.70000000000005 l s BT /F5 11.00 Tf ET q 0 0 0 rg BT 390.35 667.19 Td (Noncontrolling) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 316.35 652.19 Td (Members) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 409.60 652.19 Td (Interest) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 505.75 652.19 Td (T) Tj ET Q q 0 0 0 rg BT 511.65 652.19 Td (otal) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 52.00 636.54 Td (BALANCES, JANUAR) Tj ET Q q 0 0 0 rg BT 164.65 636.54 Td (Y) Tj ET Q q 0 0 0 rg BT 171.79 636.54 Td ( 1, 2013 \(unaudited\)) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 301.00 636.54 Td ($) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 351.75 636.54 Td (2,699) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 390.00 636.54 Td ($) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 434.65 636.54 Td (21,271) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 479.00 636.54 Td ($) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 523.65 636.54 Td (23,970) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 64.00 606.19 Td (Noncontrolling member contributions ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 64.00 595.19 Td (\(unaudited\)) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 428.50 596.59 Td (408,509) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 517.50 596.59 Td (408,509) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 64.00 581.19 Td (Noncontrolling member distributions ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 64.00 570.19 Td (\(unaudited\)) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 424.80 571.54 Td (\(297,272) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 468.30 571.54 Td (\)) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 513.85 571.59 Td (\(297,272) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 557.30 571.54 Td (\)) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 64.00 555.54 Td (Member distributions \(unaudited\)) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 363.40 555.54 Td (\(10) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 379.30 555.54 Td (\)) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 457.25 555.54 Td () Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 541.40 555.54 Td (\(10) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 557.30 555.54 Td (\)) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 64.00 539.54 Td (Net income \(unaudited\)) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 351.75 539.54 Td (3,378) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 457.25 539.54 Td () Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 529.75 539.59 Td (3,378) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 64.00 524.19 Td (Net loss attributable to noncontrolling interest ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 64.00 513.19 Td (\(unaudited\)) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 368.25 514.54 Td () Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 430.95 514.59 Td (\(77,813) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 468.30 514.54 Td (\)) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 519.95 514.59 Td (\(77,813) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 557.30 514.54 Td (\)) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 52.00 498.54 Td (BALANCES, DECEMBER 31, 2013 \(unaudited\)) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 351.75 498.54 Td (6,067) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 434.65 498.54 Td (54,695) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 523.65 498.54 Td (60,762) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 64.00 458.54 Td (Noncontrolling member contributions) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 368.25 458.54 Td () Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 428.50 458.59 Td (803,102) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 517.50 458.59 Td (803,102) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 64.00 433.54 Td (Noncontrolling member distributions) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 368.25 433.54 Td () Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 424.80 433.54 Td (\(634,363) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 468.30 433.54 Td (\)) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 513.85 433.59 Td (\(634,363) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 557.30 433.54 Td (\)) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 64.00 417.54 Td (Member distributions) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 348.10 417.54 Td (\(5,019) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 379.30 417.54 Td (\)) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 457.25 417.54 Td () Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 526.10 417.59 Td (\(5,019) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 557.30 417.54 Td (\)) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 64.00 401.54 Td (Net income) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 351.75 401.54 Td (7,250) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 457.25 401.54 Td () Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 529.75 401.59 Td (7,250) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 64.00 376.54 Td (Net loss attributable to noncontrolling interest) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 368.25 376.54 Td () Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 424.80 376.54 Td (\(132,237) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 468.30 376.54 Td (\)) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 513.85 376.59 Td (\(132,237) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 557.30 376.54 Td (\)) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 52.00 360.54 Td (BALANCES, DECEMBER 31, 2014) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 351.75 360.54 Td (8,298) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 434.65 360.54 Td (91,197) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 523.65 360.54 Td (99,495) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 64.00 329.54 Td (Noncontrolling member contributions) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 368.25 329.54 Td () Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 419.30 329.54 Td (1,270,834) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 508.35 329.59 Td (1,270,834) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 64.00 313.54 Td (Noncontrolling member distributions) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 368.25 313.54 Td () Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 415.70 313.59 Td (\(1,059,598) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 468.30 313.54 Td (\)) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 504.70 313.59 Td (\(1,059,598) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 557.30 313.54 Td (\)) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 64.00 297.54 Td (Member distributions) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 341.95 297.54 Td (\(10,039) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 379.30 297.54 Td (\)) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 457.25 297.54 Td () Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 519.95 297.59 Td (\(10,039) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 557.30 297.54 Td (\)) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 64.00 281.54 Td (Net income) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 351.75 281.54 Td (9,676) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 457.25 281.54 Td () Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 529.75 281.59 Td (9,676) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 64.00 265.54 Td (Net loss attributable to noncontrolling interest) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 368.25 265.54 Td () Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 424.80 265.54 Td (\(213,746) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 468.30 265.54 Td (\)) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 513.85 265.59 Td (\(213,746) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 557.30 265.54 Td (\)) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 52.00 249.54 Td (BALANCES, DECEMBER 31, 2015) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 301.00 249.54 Td ($) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 351.75 249.54 Td (7,935) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 390.00 249.54 Td ($) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 434.65 249.54 Td (88,687) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 479.00 249.54 Td ($) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 523.65 249.54 Td (96,622) Tj ET Q BT /F1 10.00 Tf ET BT /F6 11.00 Tf ET q 0 0 0 rg BT 99.00 218.80 Td (The accompanying notes are an integral part of the consolidated financial statements) Tj ET Q endstream endobj 345 0 obj <> endobj 346 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (169) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 193.40 741.00 Td (CLEAN COAL) Tj ET Q q 0 0 0 rg BT 265.31 741.00 Td ( SOLUTIONS SER) Tj ET Q q 0 0 0 rg BT 358.01 741.00 Td (VICES, LLC) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 180.40 727.80 Td (CONSOLIDA) Tj ET Q q 0 0 0 rg BT 245.58 727.80 Td (TED ST) Tj ET Q q 0 0 0 rg BT 283.88 727.80 Td (A) Tj ET Q q 0 0 0 rg BT 291.01 727.80 Td (TEMENTS OF CASH FLOW) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 129.40 714.60 Td (For the ) Tj ET Q q 0 0 0 rg BT 169.53 714.60 Td (Y) Tj ET Q q 0 0 0 rg BT 176.26 714.60 Td (ears Ended December 31, 2015, 2014 and 2013 \(Unaudited\) ) Tj ET Q BT /F8 11.00 Tf ET q 0 0 0 rg BT 268.10 701.40 Td (\(in thousands\)) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313.5 660.9 m 393.5 660.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313.5 645.9 m 393.5 645.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 660.9 m 477.5 660.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 645.9 m 477.5 645.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 660.9 m 561.5 660.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 645.9 m 561.5 645.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313.5 446.9 m 393.5 446.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313.5 431.9 m 393.5 431.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 446.9 m 477.5 446.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 431.9 m 477.5 431.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 446.9 m 561.5 446.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 431.9 m 561.5 431.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313.5 376.9 m 393.5 376.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313.5 361.9 m 393.5 361.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 376.9 m 477.5 376.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 361.9 m 477.5 361.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 376.9 m 561.5 376.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 361.9 m 561.5 361.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313.5 261.9 m 393.5 261.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313.5 246.89999999999998 m 393.5 246.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 261.9 m 477.5 261.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 246.89999999999998 m 477.5 246.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 261.9 m 561.5 261.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 246.89999999999998 m 561.5 246.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313.5 221.89999999999998 m 393.5 221.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313.5 207.89999999999998 m 393.5 207.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313.5 205.89999999999998 m 393.5 205.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 221.89999999999998 m 477.5 221.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 207.89999999999998 m 477.5 207.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 205.89999999999998 m 477.5 205.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 221.89999999999998 m 561.5 221.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 207.89999999999998 m 561.5 207.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 205.89999999999998 m 561.5 205.89999999999998 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.00 680.57 Td () Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 496.55 680.52 Td (Unaudited) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 341.85 665.52 Td (2015) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 425.85 665.52 Td (2014) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 509.85 665.52 Td (2013) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 52.00 650.52 Td (CASH, BEGINNING OF ) Tj ET Q q 0 0 0 rg BT 164.60 650.52 Td (YEAR) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 316.00 650.52 Td ($) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 364.60 650.52 Td (8,854) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 400.00 650.52 Td ($) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 448.60 650.52 Td (2,651) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 484.00 650.52 Td ($) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 540.95 650.52 Td (348) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 52.00 631.52 Td (CASH FLOWS FROM OPERA) Tj ET Q q 0 0 0 rg BT 189.03 631.52 Td (TING ) Tj ET Q q 0 0 0 rg BT 215.33 631.52 Td (ACTIVITIES) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 64.00 616.52 Td (Net loss) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 350.15 616.52 Td (\(204,070) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 389.65 616.52 Td (\)) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 434.15 616.52 Td (\(124,987) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 473.65 616.52 Td (\)) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 523.70 616.52 Td (\(74,436) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 557.65 616.52 Td (\)) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 64.00 601.52 Td (Adjustments to reconcile net income to) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 70.00 586.52 Td (net cash \(used in\) provided by operating activities:) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 70.00 571.52 Td (Depreciation) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 372.95 571.52 Td (436) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 456.95 571.52 Td (352) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 540.95 571.52 Td (275) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 70.00 556.52 Td (Accretion of asset retirement obligation) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 378.50 556.52 Td (97) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 456.95 556.52 Td (162) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 547.65 556.52 Td () Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 64.00 541.52 Td (Ef) Tj ET Q q 0 0 0 rg BT 73.27 541.52 Td (fects of changes in operating assets and liabilities:) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 70.00 526.52 Td (Accounts receivable) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 359.05 526.52 Td (24,593) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 439.70 526.52 Td (\(54,680) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 473.65 526.52 Td (\)) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 523.70 526.52 Td (\(19,959) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 557.65 526.52 Td (\)) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 70.00 511.52 Td (Related party receivables) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 372.95 511.52 Td (873) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 462.50 511.52 Td (51) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 546.50 511.52 Td (69) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 70.00 496.52 Td (Inventory) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 355.70 496.52 Td (\(19,100) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 389.65 496.52 Td (\)) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 439.70 496.52 Td (\(26,263) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 473.65 496.52 Td (\)) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 529.25 496.52 Td (\(4,531) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 557.65 496.52 Td (\)) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 70.00 481.52 Td (Prepaid expenses and other assets) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 359.05 481.52 Td (27,060) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 439.70 481.52 Td (\(28,499) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 473.65 481.52 Td (\)) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 523.70 481.52 Td (\(26,519) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 557.65 481.52 Td (\)) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 70.00 466.52 Td (Accounts payable and accrued liabilities) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 355.70 466.52 Td (\(37,572) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 389.65 466.52 Td (\)) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 443.05 466.52 Td (78,547) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 527.05 466.52 Td (17,248) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 70.00 451.52 Td (Related party payables) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 364.60 451.52 Td (3,467) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 453.60 451.52 Td (\(677) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 473.65 451.52 Td (\)) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 540.95 451.52 Td (707) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 76.00 436.52 Td ( Net cash used in operating activities) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 350.15 436.52 Td (\(204,216) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 389.65 436.52 Td (\)) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 434.15 436.52 Td (\(155,994) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 473.65 436.52 Td (\)) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 518.15 436.52 Td (\(107,146) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 557.65 436.52 Td (\)) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 52.00 411.52 Td (CASH FLOWS FROM INVESTING ) Tj ET Q q 0 0 0 rg BT 210.52 411.52 Td (ACTIVITIES) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 52.00 396.52 Td ( Capital expenditures for fixed assets) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 355.70 396.52 Td (\(34,514) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 389.65 396.52 Td (\)) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 439.70 396.52 Td (\(15,603) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 473.65 396.52 Td (\)) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 529.25 396.52 Td (\(4,383) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 557.65 396.52 Td (\)) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 52.00 381.52 Td ( Proceeds from fixed assets billed) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 359.05 381.52 Td (33,167) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 443.05 381.52 Td (14,261) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 532.60 381.52 Td (4,090) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 76.00 366.52 Td ( Net cash used in investing activities) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 361.25 366.52 Td (\(1,347) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 389.65 366.52 Td (\)) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 445.25 366.52 Td (\(1,342) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 473.65 366.52 Td (\)) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 537.60 366.52 Td (\(293) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 557.65 366.52 Td (\)) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 52.00 341.52 Td (CASH FLOWS FROM FINANCING ) Tj ET Q q 0 0 0 rg BT 212.17 341.52 Td (ACTIVITIES) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 64.00 326.52 Td (Repayments under line of credit) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 379.65 326.52 Td () Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 463.65 326.52 Td () Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 529.25 326.52 Td (\(1,000) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 557.65 326.52 Td (\)) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 64.00 311.52 Td (Repayments under notes payable) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 375.15 311.52 Td (\(75) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 389.65 311.52 Td (\)) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 453.60 311.52 Td (\(181) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 473.65 311.52 Td (\)) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 537.60 311.52 Td (\(486) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 557.65 311.52 Td (\)) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 64.00 296.52 Td (Distributions paid to members) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 355.70 296.52 Td (\(10,039) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 389.65 296.52 Td (\)) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 445.25 296.52 Td (\(5,019) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 473.65 296.52 Td (\)) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 543.15 296.52 Td (\(10) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 557.65 296.52 Td (\)) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 64.00 281.52 Td (Noncontrolling member contributions) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 345.15 281.52 Td (1,270,834) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 437.50 281.52 Td (803,102) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 521.50 281.52 Td (408,509) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 64.00 266.52 Td (Noncontrolling member distributions) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 341.80 266.52 Td (\(1,059,598) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 389.65 266.52 Td (\)) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 434.15 266.52 Td (\(634,363) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 473.65 266.52 Td (\)) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 518.15 266.52 Td (\(297,272) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 557.65 266.52 Td (\)) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 76.00 251.52 Td (Net cash provided by financing activities) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 353.50 251.52 Td (201,122) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 437.50 251.52 Td (163,539) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 521.50 251.52 Td (109,741) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 52.00 226.52 Td (NET INCREASE IN CASH) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 361.25 226.52 Td (\(4,441) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 389.65 226.52 Td (\)) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 448.60 226.52 Td (6,203) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 532.60 226.52 Td (2,303) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 52.00 211.52 Td (CASH, END OF ) Tj ET Q q 0 0 0 rg BT 126.27 211.52 Td (YEAR) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 316.00 211.52 Td ($) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 364.60 211.52 Td (4,413) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 400.00 211.52 Td ($) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 448.60 211.52 Td (8,854) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 484.00 211.52 Td ($) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 532.60 211.52 Td (2,651) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 52.00 186.52 Td (SUPPLEMENT) Tj ET Q q 0 0 0 rg BT 119.60 186.52 Td (AL) Tj ET Q q 0 0 0 rg BT 132.75 186.52 Td ( DISCLOSURE) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 64.00 171.52 Td (Cash paid for interest) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 316.00 171.52 Td ($) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 378.50 171.52 Td (19) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 400.00 171.52 Td ($) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 462.50 171.52 Td (44) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 484.00 171.52 Td ($) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 540.95 171.52 Td (130) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 64.00 156.52 Td (Cash paid for taxes) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 378.50 156.52 Td (73) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 462.50 156.52 Td (16) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 552.05 156.52 Td (2) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 52.00 141.52 Td (NON-CASH TRANSACTIONS) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 64.00 126.52 Td (Capital expenditures included in current liabilities) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 316.00 126.52 Td ($) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 361.25 126.52 Td (\(1,077) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 389.65 126.52 Td (\)) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 400.00 126.52 Td ($) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 456.95 126.52 Td (116) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 484.00 126.52 Td ($) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 532.60 126.52 Td (1,856) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 64.00 111.52 Td (Capital expenditures included in related party ) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 64.00 101.52 Td (receivables) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 361.25 101.52 Td (\(1,077) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 389.65 101.52 Td (\)) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 456.95 101.52 Td (116) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 532.60 101.52 Td (1,856) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 64.00 86.52 Td (Asset retirement obligation recorded) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 372.95 86.52 Td (129) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 456.95 86.52 Td (877) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 547.65 86.52 Td () Tj ET Q BT /F1 10.00 Tf ET BT /F6 11.00 Tf ET q 0 0 0 rg BT 99.00 63.20 Td (The accompanying notes are an integral part of the consolidated financial statements) Tj ET Q endstream endobj 347 0 obj <> endobj 348 0 obj <> stream BT /F5 11.00 Tf ET q 0 0 0 rg BT 193.40 771.50 Td (CLEAN COAL) Tj ET Q q 0 0 0 rg BT 265.31 771.50 Td ( SOLUTIONS SER) Tj ET Q q 0 0 0 rg BT 358.01 771.50 Td (VICES, LLC) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 163.80 758.30 Td (NOTES T) Tj ET Q q 0 0 0 rg BT 211.27 758.30 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 288.07 758.30 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 372.19 758.30 Td ( ST) Tj ET Q q 0 0 0 rg BT 388.49 758.30 Td (A) Tj ET Q q 0 0 0 rg BT 395.62 758.30 Td (TEMENTS) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 209.65 745.10 Td (DECEMBER 31, 2015, 2014, and 2013) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 112.20 731.90 Td (\(Information as of and for the year ended December 31, 2013 is unaudited\)) Tj ET Q BT /F8 11.00 Tf ET q 0 0 0 rg BT 268.10 718.70 Td (\(in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 33.60 Td (170) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 49.50 698.50 Td (NOTE ) Tj ET Q q 0 0 0 rg BT 83.11 698.50 Td (1 ) Tj ET Q q 0 0 0 rg BT 92.29 698.50 Td (- ) Tj ET Q q 0 0 0 rg BT 99.01 698.50 Td (SIGNIFICANT ) Tj ET Q q 0 0 0 rg BT 171.93 698.50 Td (ACCOUNTING ) Tj ET Q q 0 0 0 rg BT 249.54 698.50 Td (POLICIES) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 672.10 Td (Clean ) Tj ET Q q 0 0 0 rg BT 83.18 672.10 Td (Coal ) Tj ET Q q 0 0 0 rg BT 110.75 672.10 Td (Solutions ) Tj ET Q q 0 0 0 rg BT 160.94 672.10 Td (Services, ) Tj ET Q q 0 0 0 rg BT 211.11 672.10 Td (LLC ) Tj ET Q q 0 0 0 rg BT 236.23 672.10 Td (\(CCSS ) Tj ET Q q 0 0 0 rg BT 282.73 672.10 Td (or ) Tj ET Q q 0 0 0 rg BT 297.45 672.10 Td (the ) Tj ET Q q 0 0 0 rg BT 321.34 672.10 Td (Company\) ) Tj ET Q q 0 0 0 rg BT 380.69 672.10 Td (operates ) Tj ET Q q 0 0 0 rg BT 428.44 672.10 Td (and ) Tj ET Q q 0 0 0 rg BT 451.73 672.10 Td (maintains ) Tj ET Q q 0 0 0 rg BT 503.75 672.10 Td (refined ) Tj ET Q q 0 0 0 rg BT 542.32 672.10 Td (coal ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 658.90 Td (production ) Tj ET Q q 0 0 0 rg BT 105.06 658.90 Td (facilities ) Tj ET Q q 0 0 0 rg BT 148.38 658.90 Td (\(RC ) Tj ET Q q 0 0 0 rg BT 175.78 658.90 Td (Facilities\) ) Tj ET Q q 0 0 0 rg BT 230.09 658.90 Td (and ) Tj ET Q q 0 0 0 rg BT 252.63 658.90 Td (procures ) Tj ET Q q 0 0 0 rg BT 299.62 658.90 Td (certain ) Tj ET Q q 0 0 0 rg BT 336.83 658.90 Td ( ) Tj ET Q q 0 0 0 rg BT 341.02 658.90 Td (chemical ) Tj ET Q q 0 0 0 rg BT 388.62 658.90 Td (additives ) Tj ET Q q 0 0 0 rg BT 436.22 658.90 Td (\(Chemicals\) ) Tj ET Q q 0 0 0 rg BT 506.41 658.90 Td (used ) Tj ET Q q 0 0 0 rg BT 534.46 658.90 Td (in ) Tj ET Q q 0 0 0 rg BT 547.21 658.90 Td (the ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 645.70 Td (production ) Tj ET Q q 0 0 0 rg BT 103.32 645.70 Td (of ) Tj ET Q q 0 0 0 rg BT 114.95 645.70 Td (refined ) Tj ET Q q 0 0 0 rg BT 151.04 645.70 Td (coal. ) Tj ET Q q 0 0 0 rg BT 176.73 645.70 Td ( ) Tj ET Q q 0 0 0 rg BT 179.03 645.70 Td (The ) Tj ET Q q 0 0 0 rg BT 200.43 645.70 Td (production ) Tj ET Q q 0 0 0 rg BT 254.26 645.70 Td (of ) Tj ET Q q 0 0 0 rg BT 265.89 645.70 Td (refined ) Tj ET Q q 0 0 0 rg BT 301.98 645.70 Td (coal ) Tj ET Q q 0 0 0 rg BT 324.61 645.70 Td (via ) Tj ET Q q 0 0 0 rg BT 341.13 645.70 Td (these ) Tj ET Q q 0 0 0 rg BT 370.49 645.70 Td (RC ) Tj ET Q q 0 0 0 rg BT 388.83 645.70 Td (Facilities ) Tj ET Q q 0 0 0 rg BT 434.07 645.70 Td (qualifies ) Tj ET Q q 0 0 0 rg BT 476.88 645.70 Td (for ) Tj ET Q q 0 0 0 rg BT 492.18 645.70 Td (tax ) Tj ET Q q 0 0 0 rg BT 509.30 645.70 Td (credits ) Tj ET Q q 0 0 0 rg BT 544.16 645.70 Td (that ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 632.50 Td (are ) Tj ET Q q 0 0 0 rg BT 68.45 632.50 Td (available ) Tj ET Q q 0 0 0 rg BT 114.93 632.50 Td (under ) Tj ET Q q 0 0 0 rg BT 146.12 632.50 Td (Section ) Tj ET Q q 0 0 0 rg BT 185.87 632.50 Td (45 ) Tj ET Q q 0 0 0 rg BT 201.16 632.50 Td (of ) Tj ET Q q 0 0 0 rg BT 213.39 632.50 Td (the ) Tj ET Q q 0 0 0 rg BT 231.74 632.50 Td (Internal ) Tj ET Q q 0 0 0 rg BT 271.48 632.50 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 318.57 632.50 Td (Code ) Tj ET Q q 0 0 0 rg BT 347.92 632.50 Td (\(Production ) Tj ET Q q 0 0 0 rg BT 410.70 632.50 Td (T) Tj ET Q q 0 0 0 rg BT 416.20 632.50 Td (ax ) Tj ET Q q 0 0 0 rg BT 430.87 632.50 Td (Credits ) Tj ET Q q 0 0 0 rg BT 472.43 632.50 Td (or ) Tj ET Q q 0 0 0 rg BT 485.27 632.50 Td (PTCs\). ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 620.50 Td ( ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 607.30 Td (CCSS ) Tj ET Q q 0 0 0 rg BT 83.47 607.30 Td (is ) Tj ET Q q 0 0 0 rg BT 94.83 607.30 Td (owned ) Tj ET Q q 0 0 0 rg BT 130.66 607.30 Td (50% ) Tj ET Q q 0 0 0 rg BT 156.09 607.30 Td (by ) Tj ET Q q 0 0 0 rg BT 170.44 607.30 Td (ADA-ES, ) Tj ET Q q 0 0 0 rg BT 217.86 607.30 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 239.00 607.30 Td (\(ADA\) ) Tj ET Q q 0 0 0 rg BT 279.69 607.30 Td (and ) Tj ET Q q 0 0 0 rg BT 301.45 607.30 Td (50% ) Tj ET Q q 0 0 0 rg BT 326.88 607.30 Td (by ) Tj ET Q q 0 0 0 rg BT 341.91 607.30 Td (NexGen ) Tj ET Q q 0 0 0 rg BT 385.68 607.30 Td (Refined ) Tj ET Q q 0 0 0 rg BT 427.00 607.30 Td (Coal, ) Tj ET Q q 0 0 0 rg BT 456.10 607.30 Td (LLC ) Tj ET Q q 0 0 0 rg BT 479.69 607.30 Td (\(NexGen\). ) Tj ET Q q 0 0 0 rg BT 540.48 607.30 Td (ADA) Tj ET Q q 0 0 0 rg BT 562.50 607.30 Td ( ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 594.10 Td (and ) Tj ET Q q 0 0 0 rg BT 70.91 594.10 Td (NexGen ) Tj ET Q q 0 0 0 rg BT 114.32 594.10 Td (are ) Tj ET Q q 0 0 0 rg BT 133.27 594.10 Td (collectively ) Tj ET Q q 0 0 0 rg BT 189.51 594.10 Td (referred ) Tj ET Q q 0 0 0 rg BT 231.09 594.10 Td (to ) Tj ET Q q 0 0 0 rg BT 243.32 594.10 Td (herein ) Tj ET Q q 0 0 0 rg BT 276.95 594.10 Td (as ) Tj ET Q q 0 0 0 rg BT 291.62 594.10 Td (the ) Tj ET Q q 0 0 0 rg BT 309.97 594.10 Td (Members.) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 49.50 568.90 Td (Basis ) Tj ET Q q 0 0 0 rg BT 81.91 568.90 Td (of ) Tj ET Q q 0 0 0 rg BT 95.35 568.90 Td (Presentation) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 543.70 Td (The ) Tj ET Q q 0 0 0 rg BT 70.06 543.70 Td (accompanying ) Tj ET Q q 0 0 0 rg BT 142.61 543.70 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 205.98 543.70 Td (financial ) Tj ET Q q 0 0 0 rg BT 247.95 543.70 Td (statements ) Tj ET Q q 0 0 0 rg BT 303.37 543.70 Td (are ) Tj ET Q q 0 0 0 rg BT 320.87 543.70 Td (presented ) Tj ET Q q 0 0 0 rg BT 371.41 543.70 Td (in ) Tj ET Q q 0 0 0 rg BT 381.58 543.70 Td (accordance ) Tj ET Q q 0 0 0 rg BT 440.06 543.70 Td (with ) Tj ET Q q 0 0 0 rg BT 461.23 543.70 Td (accounting ) Tj ET Q q 0 0 0 rg BT 516.05 543.70 Td (principles ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 530.50 Td (generally ) Tj ET Q q 0 0 0 rg BT 98.05 530.50 Td (accepted ) Tj ET Q q 0 0 0 rg BT 146.61 530.50 Td (in ) Tj ET Q q 0 0 0 rg BT 159.09 530.50 Td (the ) Tj ET Q q 0 0 0 rg BT 178.29 530.50 Td (United ) Tj ET Q q 0 0 0 rg BT 214.00 530.50 Td (States ) Tj ET Q q 0 0 0 rg BT 249.10 530.50 Td (\(GAAP\). ) Tj ET Q q 0 0 0 rg BT 301.04 530.50 Td (The ) Tj ET Q q 0 0 0 rg BT 323.91 530.50 Td (accompanying ) Tj ET Q q 0 0 0 rg BT 398.75 530.50 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 464.43 530.50 Td (financial ) Tj ET Q q 0 0 0 rg BT 508.71 530.50 Td (statements ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 517.30 Td (include ) Tj ET Q q 0 0 0 rg BT 87.81 517.30 Td (the ) Tj ET Q q 0 0 0 rg BT 106.56 517.30 Td (accounts ) Tj ET Q q 0 0 0 rg BT 154.04 517.30 Td (of ) Tj ET Q q 0 0 0 rg BT 166.66 517.30 Td (the ) Tj ET Q q 0 0 0 rg BT 185.41 517.30 Td (Company ) Tj ET Q q 0 0 0 rg BT 235.94 517.30 Td (and ) Tj ET Q q 0 0 0 rg BT 257.74 517.30 Td (certain ) Tj ET Q q 0 0 0 rg BT 294.21 517.30 Td (VIEs ) Tj ET Q q 0 0 0 rg BT 320.90 517.30 Td (which ) Tj ET Q q 0 0 0 rg BT 352.47 517.30 Td (are ) Tj ET Q q 0 0 0 rg BT 371.82 517.30 Td (wholly ) Tj ET Q q 0 0 0 rg BT 405.84 517.30 Td (owned ) Tj ET Q q 0 0 0 rg BT 441.71 517.30 Td (by ) Tj ET Q q 0 0 0 rg BT 456.78 517.30 Td (certain ) Tj ET Q q 0 0 0 rg BT 493.25 517.30 Td (lessees ) Tj ET Q q 0 0 0 rg BT 534.00 517.30 Td (of ) Tj ET Q q 0 0 0 rg BT 546.63 517.30 Td (RC ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 504.10 Td (Facilities ) Tj ET Q q 0 0 0 rg BT 95.39 504.10 Td (for ) Tj ET Q q 0 0 0 rg BT 111.32 504.10 Td (which ) Tj ET Q q 0 0 0 rg BT 142.54 504.10 Td (the ) Tj ET Q q 0 0 0 rg BT 160.94 504.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 211.11 504.10 Td (is ) Tj ET Q q 0 0 0 rg BT 222.16 504.10 Td (the ) Tj ET Q q 0 0 0 rg BT 240.55 504.10 Td (primary ) Tj ET Q q 0 0 0 rg BT 280.32 504.10 Td (beneficiary) Tj ET Q q 0 0 0 rg BT 332.69 504.10 Td (. ) Tj ET Q q 0 0 0 rg BT 338.85 504.10 Td ( ) Tj ET Q q 0 0 0 rg BT 341.33 504.10 Td (An ) Tj ET Q q 0 0 0 rg BT 357.89 504.10 Td (entity ) Tj ET Q q 0 0 0 rg BT 387.28 504.10 Td (is ) Tj ET Q q 0 0 0 rg BT 398.32 504.10 Td (referred ) Tj ET Q q 0 0 0 rg BT 439.94 504.10 Td (to ) Tj ET Q q 0 0 0 rg BT 452.21 504.10 Td (as ) Tj ET Q q 0 0 0 rg BT 466.93 504.10 Td (a ) Tj ET Q q 0 0 0 rg BT 476.15 504.10 Td (VIE ) Tj ET Q q 0 0 0 rg BT 496.98 504.10 Td (if ) Tj ET Q q 0 0 0 rg BT 505.58 504.10 Td (it ) Tj ET Q q 0 0 0 rg BT 514.18 504.10 Td (meets ) Tj ET Q q 0 0 0 rg BT 547.23 504.10 Td (the ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 490.90 Td (criteria ) Tj ET Q q 0 0 0 rg BT 85.61 490.90 Td (outlined ) Tj ET Q q 0 0 0 rg BT 127.25 490.90 Td (in ) Tj ET Q q 0 0 0 rg BT 138.29 490.90 Td (ASC ) Tj ET Q q 0 0 0 rg BT 164.02 490.90 Td (810 ) Tj ET Q q 0 0 0 rg BT 185.47 490.90 Td (- ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 192.24 490.90 Td (Consolidation) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 258.90 490.90 Td (, ) Tj ET Q q 0 0 0 rg BT 265.06 490.90 Td (which ) Tj ET Q q 0 0 0 rg BT 296.28 490.90 Td (are: ) Tj ET Q q 0 0 0 rg BT 318.34 490.90 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 331.22 490.90 Td (the ) Tj ET Q q 0 0 0 rg BT 349.61 490.90 Td (entity ) Tj ET Q q 0 0 0 rg BT 379.01 490.90 Td (has ) Tj ET Q q 0 0 0 rg BT 399.85 490.90 Td (equity ) Tj ET Q q 0 0 0 rg BT 432.30 490.90 Td (that ) Tj ET Q q 0 0 0 rg BT 453.75 490.90 Td (is ) Tj ET Q q 0 0 0 rg BT 464.80 490.90 Td (insuf) Tj ET Q q 0 0 0 rg BT 487.84 490.90 Td (ficient ) Tj ET Q q 0 0 0 rg BT 519.68 490.90 Td (to ) Tj ET Q q 0 0 0 rg BT 531.96 490.90 Td (permit ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 477.70 Td (the ) Tj ET Q q 0 0 0 rg BT 67.85 477.70 Td (entity ) Tj ET Q q 0 0 0 rg BT 97.20 477.70 Td (to ) Tj ET Q q 0 0 0 rg BT 109.43 477.70 Td (finance ) Tj ET Q q 0 0 0 rg BT 147.96 477.70 Td (its ) Tj ET Q q 0 0 0 rg BT 162.02 477.70 Td (activities ) Tj ET Q q 0 0 0 rg BT 207.25 477.70 Td (without ) Tj ET Q q 0 0 0 rg BT 245.16 477.70 Td (additional ) Tj ET Q q 0 0 0 rg BT 295.31 477.70 Td (subordinated ) Tj ET Q q 0 0 0 rg BT 361.98 477.70 Td (financial ) Tj ET Q q 0 0 0 rg BT 405.39 477.70 Td (support ) Tj ET Q q 0 0 0 rg BT 445.14 477.70 Td (from ) Tj ET Q q 0 0 0 rg BT 470.20 477.70 Td (other ) Tj ET Q q 0 0 0 rg BT 498.33 477.70 Td (parties; ) Tj ET Q q 0 0 0 rg BT 537.46 477.70 Td (or ) Tj ET Q q 0 0 0 rg BT 550.30 477.70 Td (\(ii\) ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 464.50 Td (the ) Tj ET Q q 0 0 0 rg BT 68.19 464.50 Td (entity ) Tj ET Q q 0 0 0 rg BT 97.87 464.50 Td (has ) Tj ET Q q 0 0 0 rg BT 119.00 464.50 Td (equity ) Tj ET Q q 0 0 0 rg BT 151.75 464.50 Td (investors ) Tj ET Q q 0 0 0 rg BT 199.16 464.50 Td (that ) Tj ET Q q 0 0 0 rg BT 220.91 464.50 Td (cannot ) Tj ET Q q 0 0 0 rg BT 257.33 464.50 Td (make ) Tj ET Q q 0 0 0 rg BT 287.62 464.50 Td (significant ) Tj ET Q q 0 0 0 rg BT 339.93 464.50 Td (decisions ) Tj ET Q q 0 0 0 rg BT 389.18 464.50 Td (about ) Tj ET Q q 0 0 0 rg BT 420.11 464.50 Td (the ) Tj ET Q q 0 0 0 rg BT 438.79 464.50 Td (entity) Tj ET Q q 0 0 0 rg BT 467.33 464.50 Td (s ) Tj ET Q q 0 0 0 rg BT 476.22 464.50 Td (operations ) Tj ET Q q 0 0 0 rg BT 530.99 464.50 Td (or ) Tj ET Q q 0 0 0 rg BT 544.16 464.50 Td (that ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 451.30 Td (do ) Tj ET Q q 0 0 0 rg BT 64.79 451.30 Td (not ) Tj ET Q q 0 0 0 rg BT 83.14 451.30 Td (absorb ) Tj ET Q q 0 0 0 rg BT 119.83 451.30 Td (their ) Tj ET Q q 0 0 0 rg BT 144.28 451.30 Td (proportionate ) Tj ET Q q 0 0 0 rg BT 212.16 451.30 Td (share ) Tj ET Q q 0 0 0 rg BT 242.74 451.30 Td (of ) Tj ET Q q 0 0 0 rg BT 254.97 451.30 Td (the ) Tj ET Q q 0 0 0 rg BT 273.31 451.30 Td (entity) Tj ET Q q 0 0 0 rg BT 301.85 451.30 Td (s ) Tj ET Q q 0 0 0 rg BT 310.41 451.30 Td (expected ) Tj ET Q q 0 0 0 rg BT 358.11 451.30 Td (losses ) Tj ET Q q 0 0 0 rg BT 392.34 451.30 Td (or ) Tj ET Q q 0 0 0 rg BT 405.18 451.30 Td (expected ) Tj ET Q q 0 0 0 rg BT 452.88 451.30 Td (returns.) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 426.10 Td (The ) Tj ET Q q 0 0 0 rg BT 71.58 426.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 121.79 426.10 Td (consolidates ) Tj ET Q q 0 0 0 rg BT 186.07 426.10 Td (a ) Tj ET Q q 0 0 0 rg BT 195.32 426.10 Td (VIE ) Tj ET Q q 0 0 0 rg BT 216.18 426.10 Td (when ) Tj ET Q q 0 0 0 rg BT 245.60 426.10 Td (it ) Tj ET Q q 0 0 0 rg BT 254.23 426.10 Td (has ) Tj ET Q q 0 0 0 rg BT 275.10 426.10 Td (both ) Tj ET Q q 0 0 0 rg BT 299.64 426.10 Td (the ) Tj ET Q q 0 0 0 rg BT 318.06 426.10 Td (power ) Tj ET Q q 0 0 0 rg BT 351.15 426.10 Td (to ) Tj ET Q q 0 0 0 rg BT 363.45 426.10 Td (direct ) Tj ET Q q 0 0 0 rg BT 393.48 426.10 Td (the ) Tj ET Q q 0 0 0 rg BT 411.90 426.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 457.21 426.10 Td (that ) Tj ET Q q 0 0 0 rg BT 478.68 426.10 Td (most ) Tj ET Q q 0 0 0 rg BT 505.65 426.10 Td (significantly ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 412.90 Td (impact ) Tj ET Q q 0 0 0 rg BT 84.64 412.90 Td (the ) Tj ET Q q 0 0 0 rg BT 102.68 412.90 Td (VIE) Tj ET Q q 0 0 0 rg BT 122.65 412.90 Td (s ) Tj ET Q q 0 0 0 rg BT 130.90 412.90 Td (economic ) Tj ET Q q 0 0 0 rg BT 180.72 412.90 Td (performance ) Tj ET Q q 0 0 0 rg BT 245.21 412.90 Td (and ) Tj ET Q q 0 0 0 rg BT 266.31 412.90 Td (a ) Tj ET Q q 0 0 0 rg BT 275.17 412.90 Td (right ) Tj ET Q q 0 0 0 rg BT 299.32 412.90 Td (to ) Tj ET Q q 0 0 0 rg BT 311.23 412.90 Td (receive ) Tj ET Q q 0 0 0 rg BT 349.44 412.90 Td (benefits ) Tj ET Q q 0 0 0 rg BT 390.71 412.90 Td (or ) Tj ET Q q 0 0 0 rg BT 403.23 412.90 Td (the ) Tj ET Q q 0 0 0 rg BT 421.27 412.90 Td (obligation ) Tj ET Q q 0 0 0 rg BT 471.11 412.90 Td (to ) Tj ET Q q 0 0 0 rg BT 483.03 412.90 Td (absorb ) Tj ET Q q 0 0 0 rg BT 519.40 412.90 Td (losses ) Tj ET Q q 0 0 0 rg BT 553.33 412.90 Td (of ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 399.70 Td (the ) Tj ET Q q 0 0 0 rg BT 68.15 399.70 Td (entity ) Tj ET Q q 0 0 0 rg BT 97.81 399.70 Td (that ) Tj ET Q q 0 0 0 rg BT 119.52 399.70 Td (could ) Tj ET Q q 0 0 0 rg BT 149.18 399.70 Td (be ) Tj ET Q q 0 0 0 rg BT 164.77 399.70 Td (potentially ) Tj ET Q q 0 0 0 rg BT 217.67 399.70 Td (significant ) Tj ET Q q 0 0 0 rg BT 269.95 399.70 Td (to ) Tj ET Q q 0 0 0 rg BT 282.48 399.70 Td (the ) Tj ET Q q 0 0 0 rg BT 301.14 399.70 Td (VIE ) Tj ET Q q 0 0 0 rg BT 322.23 399.70 Td (\(i.e., ) Tj ET Q q 0 0 0 rg BT 346.98 399.70 Td (it ) Tj ET Q q 0 0 0 rg BT 355.85 399.70 Td (is ) Tj ET Q q 0 0 0 rg BT 367.15 399.70 Td (the ) Tj ET Q q 0 0 0 rg BT 385.81 399.70 Td (primary ) Tj ET Q q 0 0 0 rg BT 425.84 399.70 Td (beneficiary\). ) Tj ET Q q 0 0 0 rg BT 489.11 399.70 Td ( ) Tj ET Q q 0 0 0 rg BT 492.48 399.70 Td (See ) Tj ET Q q 0 0 0 rg BT 515.41 399.70 Td (note ) Tj ET Q q 0 0 0 rg BT 540.18 399.70 Td (5 ) Tj ET Q q 0 0 0 rg BT 549.66 399.70 Td (for ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 386.50 Td (additional ) Tj ET Q q 0 0 0 rg BT 99.65 386.50 Td (information ) Tj ET Q q 0 0 0 rg BT 157.12 386.50 Td (regarding ) Tj ET Q q 0 0 0 rg BT 206.65 386.50 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 271.48 386.50 Td (VIEs.) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 361.30 Td (All ) Tj ET Q q 0 0 0 rg BT 69.00 361.30 Td (intercompany ) Tj ET Q q 0 0 0 rg BT 142.31 361.30 Td (balances ) Tj ET Q q 0 0 0 rg BT 193.62 361.30 Td (and ) Tj ET Q q 0 0 0 rg BT 219.25 361.30 Td (transactions ) Tj ET Q q 0 0 0 rg BT 285.83 361.30 Td (have ) Tj ET Q q 0 0 0 rg BT 316.96 361.30 Td (been ) Tj ET Q q 0 0 0 rg BT 348.71 361.30 Td (eliminated ) Tj ET Q q 0 0 0 rg BT 406.13 361.30 Td (in ) Tj ET Q q 0 0 0 rg BT 421.97 361.30 Td (consolidation, ) Tj ET Q q 0 0 0 rg BT 496.51 361.30 Td (including ) Tj ET Q q 0 0 0 rg BT 547.21 361.30 Td (the ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 348.10 Td (intercompany ) Tj ET Q q 0 0 0 rg BT 118.59 348.10 Td (balances ) Tj ET Q q 0 0 0 rg BT 165.68 348.10 Td (and ) Tj ET Q q 0 0 0 rg BT 187.09 348.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 249.45 348.10 Td (with ) Tj ET Q q 0 0 0 rg BT 272.07 348.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 336.89 348.10 Td (VIEs. ) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 49.50 322.90 Td (Use ) Tj ET Q q 0 0 0 rg BT 72.74 322.90 Td (of ) Tj ET Q q 0 0 0 rg BT 86.17 322.90 Td (Estimates) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 297.70 Td (The ) Tj ET Q q 0 0 0 rg BT 71.43 297.70 Td (preparation ) Tj ET Q q 0 0 0 rg BT 130.06 297.70 Td (of ) Tj ET Q q 0 0 0 rg BT 142.22 297.70 Td (financial ) Tj ET Q q 0 0 0 rg BT 185.56 297.70 Td (statements ) Tj ET Q q 0 0 0 rg BT 242.34 297.70 Td (in ) Tj ET Q q 0 0 0 rg BT 253.88 297.70 Td (conformity ) Tj ET Q q 0 0 0 rg BT 307.60 297.70 Td (with ) Tj ET Q q 0 0 0 rg BT 330.14 297.70 Td (GAAP) Tj ET Q q 0 0 0 rg BT 360.51 297.70 Td ( ) Tj ET Q q 0 0 0 rg BT 363.49 297.70 Td (requires ) Tj ET Q q 0 0 0 rg BT 406.21 297.70 Td (management ) Tj ET Q q 0 0 0 rg BT 473.39 297.70 Td (to ) Tj ET Q q 0 0 0 rg BT 485.55 297.70 Td (make ) Tj ET Q q 0 0 0 rg BT 515.42 297.70 Td (estimates ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 284.50 Td (and ) Tj ET Q q 0 0 0 rg BT 69.78 284.50 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 133.46 284.50 Td (that ) Tj ET Q q 0 0 0 rg BT 153.73 284.50 Td (af) Tj ET Q q 0 0 0 rg BT 162.71 284.50 Td (fect ) Tj ET Q q 0 0 0 rg BT 182.36 284.50 Td (the ) Tj ET Q q 0 0 0 rg BT 199.58 284.50 Td (reported ) Tj ET Q q 0 0 0 rg BT 242.48 284.50 Td (amounts ) Tj ET Q q 0 0 0 rg BT 286.59 284.50 Td (of ) Tj ET Q q 0 0 0 rg BT 297.69 284.50 Td (assets ) Tj ET Q q 0 0 0 rg BT 331.41 284.50 Td (and ) Tj ET Q q 0 0 0 rg BT 351.69 284.50 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 395.19 284.50 Td (and ) Tj ET Q q 0 0 0 rg BT 415.47 284.50 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 466.92 284.50 Td (of ) Tj ET Q q 0 0 0 rg BT 478.02 284.50 Td (contingent ) Tj ET Q q 0 0 0 rg BT 530.70 284.50 Td (assets ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 271.30 Td (and ) Tj ET Q q 0 0 0 rg BT 71.44 271.30 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 116.60 271.30 Td (at ) Tj ET Q q 0 0 0 rg BT 129.36 271.30 Td (the ) Tj ET Q q 0 0 0 rg BT 148.24 271.30 Td (date ) Tj ET Q q 0 0 0 rg BT 173.24 271.30 Td (of ) Tj ET Q q 0 0 0 rg BT 186.00 271.30 Td (the ) Tj ET Q q 0 0 0 rg BT 204.88 271.30 Td (financial ) Tj ET Q q 0 0 0 rg BT 248.82 271.30 Td (statements ) Tj ET Q q 0 0 0 rg BT 306.21 271.30 Td (and ) Tj ET Q q 0 0 0 rg BT 328.15 271.30 Td (the ) Tj ET Q q 0 0 0 rg BT 347.03 271.30 Td (reported ) Tj ET Q q 0 0 0 rg BT 391.59 271.30 Td (amounts ) Tj ET Q q 0 0 0 rg BT 437.37 271.30 Td (of ) Tj ET Q q 0 0 0 rg BT 450.13 271.30 Td (revenue ) Tj ET Q q 0 0 0 rg BT 493.47 271.30 Td (and ) Tj ET Q q 0 0 0 rg BT 515.41 271.30 Td (expenses ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 258.10 Td (during ) Tj ET Q q 0 0 0 rg BT 82.78 258.10 Td (the ) Tj ET Q q 0 0 0 rg BT 100.78 258.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 146.90 258.10 Td (period. ) Tj ET Q q 0 0 0 rg BT 183.24 258.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 250.15 258.10 Td (bases ) Tj ET Q q 0 0 0 rg BT 282.21 258.10 Td (its ) Tj ET Q q 0 0 0 rg BT 295.92 258.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 345.69 258.10 Td (on ) Tj ET Q q 0 0 0 rg BT 360.63 258.10 Td (historical ) Tj ET Q q 0 0 0 rg BT 406.74 258.10 Td (experience ) Tj ET Q q 0 0 0 rg BT 463.26 258.10 Td (and ) Tj ET Q q 0 0 0 rg BT 484.32 258.10 Td (on ) Tj ET Q q 0 0 0 rg BT 499.26 258.10 Td (various ) Tj ET Q q 0 0 0 rg BT 537.43 258.10 Td (other ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 244.90 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 113.65 244.90 Td (that ) Tj ET Q q 0 0 0 rg BT 134.40 244.90 Td (are ) Tj ET Q q 0 0 0 rg BT 152.70 244.90 Td (believed ) Tj ET Q q 0 0 0 rg BT 196.08 244.90 Td (to ) Tj ET Q q 0 0 0 rg BT 207.65 244.90 Td (be ) Tj ET Q q 0 0 0 rg BT 222.29 244.90 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 279.12 244.90 Td (under ) Tj ET Q q 0 0 0 rg BT 309.65 244.90 Td (the ) Tj ET Q q 0 0 0 rg BT 327.35 244.90 Td (circumstances. ) Tj ET Q q 0 0 0 rg BT 403.10 244.90 Td (Ultimate ) Tj ET Q q 0 0 0 rg BT 445.84 244.90 Td (realization ) Tj ET Q q 0 0 0 rg BT 498.38 244.90 Td (of ) Tj ET Q q 0 0 0 rg BT 509.96 244.90 Td (assets ) Tj ET Q q 0 0 0 rg BT 544.15 244.90 Td (and ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 231.70 Td (settlement ) Tj ET Q q 0 0 0 rg BT 103.30 231.70 Td (of ) Tj ET Q q 0 0 0 rg BT 115.53 231.70 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 160.16 231.70 Td (in ) Tj ET Q q 0 0 0 rg BT 171.78 231.70 Td (the ) Tj ET Q q 0 0 0 rg BT 190.13 231.70 Td (future ) Tj ET Q q 0 0 0 rg BT 221.31 231.70 Td (could ) Tj ET Q q 0 0 0 rg BT 250.66 231.70 Td (dif) Tj ET Q q 0 0 0 rg BT 262.08 231.70 Td (fer ) Tj ET Q q 0 0 0 rg BT 277.98 231.70 Td (from ) Tj ET Q q 0 0 0 rg BT 303.03 231.70 Td (those ) Tj ET Q q 0 0 0 rg BT 333.00 231.70 Td (estimates. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 206.50 Td (All ) Tj ET Q q 0 0 0 rg BT 64.06 206.50 Td (intercompany ) Tj ET Q q 0 0 0 rg BT 132.42 206.50 Td (balances ) Tj ET Q q 0 0 0 rg BT 178.79 206.50 Td (and ) Tj ET Q q 0 0 0 rg BT 199.47 206.50 Td (transactions ) Tj ET Q q 0 0 0 rg BT 261.11 206.50 Td (have ) Tj ET Q q 0 0 0 rg BT 287.30 206.50 Td (been ) Tj ET Q q 0 0 0 rg BT 314.10 206.50 Td (eliminated ) Tj ET Q q 0 0 0 rg BT 366.57 206.50 Td (in ) Tj ET Q q 0 0 0 rg BT 377.47 206.50 Td (consolidation. ) Tj ET Q q 0 0 0 rg BT 447.07 206.50 Td (Certain ) Tj ET Q q 0 0 0 rg BT 484.86 206.50 Td (reclassifications ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 193.30 Td (have ) Tj ET Q q 0 0 0 rg BT 76.88 193.30 Td (been ) Tj ET Q q 0 0 0 rg BT 104.88 193.30 Td (made ) Tj ET Q q 0 0 0 rg BT 135.93 193.30 Td (to ) Tj ET Q q 0 0 0 rg BT 148.63 193.30 Td (the ) Tj ET Q q 0 0 0 rg BT 167.45 193.30 Td (prior ) Tj ET Q q 0 0 0 rg BT 192.99 193.30 Td (period ) Tj ET Q q 0 0 0 rg BT 227.09 193.30 Td (to ) Tj ET Q q 0 0 0 rg BT 239.80 193.30 Td (conform ) Tj ET Q q 0 0 0 rg BT 283.06 193.30 Td (to ) Tj ET Q q 0 0 0 rg BT 295.76 193.30 Td (the ) Tj ET Q q 0 0 0 rg BT 314.58 193.30 Td (current ) Tj ET Q q 0 0 0 rg BT 352.35 193.30 Td (year ) Tj ET Q q 0 0 0 rg BT 377.28 193.30 Td (presentation. ) Tj ET Q q 0 0 0 rg BT 444.18 193.30 Td (The ) Tj ET Q q 0 0 0 rg BT 466.66 193.30 Td (reclassifications ) Tj ET Q q 0 0 0 rg BT 547.83 193.30 Td (did ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 180.10 Td (not ) Tj ET Q q 0 0 0 rg BT 67.85 180.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 103.30 180.10 Td (net ) Tj ET Q q 0 0 0 rg BT 121.65 180.10 Td (income.) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 49.50 154.90 Td (Cash ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 129.70 Td (The ) Tj ET Q q 0 0 0 rg BT 71.70 129.70 Td (Company ) Tj ET Q q 0 0 0 rg BT 122.03 129.70 Td (considers ) Tj ET Q q 0 0 0 rg BT 172.36 129.70 Td (all ) Tj ET Q q 0 0 0 rg BT 186.62 129.70 Td (highly ) Tj ET Q q 0 0 0 rg BT 218.61 129.70 Td (liquid ) Tj ET Q q 0 0 0 rg BT 247.54 129.70 Td (investments ) Tj ET Q q 0 0 0 rg BT 309.48 129.70 Td (with ) Tj ET Q q 0 0 0 rg BT 332.29 129.70 Td (original ) Tj ET Q q 0 0 0 rg BT 371.01 129.70 Td (maturities ) Tj ET Q q 0 0 0 rg BT 421.94 129.70 Td (of ) Tj ET Q q 0 0 0 rg BT 434.36 129.70 Td (three ) Tj ET Q q 0 0 0 rg BT 462.68 129.70 Td (months ) Tj ET Q q 0 0 0 rg BT 502.00 129.70 Td (or ) Tj ET Q q 0 0 0 rg BT 515.04 129.70 Td (less ) Tj ET Q q 0 0 0 rg BT 537.85 129.70 Td (to ) Tj ET Q q 0 0 0 rg BT 550.27 129.70 Td (be ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 116.50 Td (cash ) Tj ET Q q 0 0 0 rg BT 78.02 116.50 Td (equivalents. ) Tj ET Q q 0 0 0 rg BT 142.00 116.50 Td ( ) Tj ET Q q 0 0 0 rg BT 146.94 116.50 Td (The ) Tj ET Q q 0 0 0 rg BT 171.18 116.50 Td (carrying ) Tj ET Q q 0 0 0 rg BT 215.58 116.50 Td (value ) Tj ET Q q 0 0 0 rg BT 247.16 116.50 Td (approximates ) Tj ET Q q 0 0 0 rg BT 318.47 116.50 Td (fair ) Tj ET Q q 0 0 0 rg BT 339.03 116.50 Td (value ) Tj ET Q q 0 0 0 rg BT 370.61 116.50 Td (due ) Tj ET Q q 0 0 0 rg BT 394.24 116.50 Td (to ) Tj ET Q q 0 0 0 rg BT 408.70 116.50 Td (the ) Tj ET Q q 0 0 0 rg BT 429.27 116.50 Td (short-term ) Tj ET Q q 0 0 0 rg BT 484.67 116.50 Td (nature ) Tj ET Q q 0 0 0 rg BT 521.14 116.50 Td (of ) Tj ET Q q 0 0 0 rg BT 535.59 116.50 Td (these ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 103.30 Td (instruments. ) Tj ET Q q 0 0 0 rg BT 111.44 103.30 Td ( ) Tj ET Q q 0 0 0 rg BT 113.34 103.30 Td (The ) Tj ET Q q 0 0 0 rg BT 134.32 103.30 Td (Company ) Tj ET Q q 0 0 0 rg BT 183.43 103.30 Td (maintains ) Tj ET Q q 0 0 0 rg BT 232.53 103.30 Td (its ) Tj ET Q q 0 0 0 rg BT 245.56 103.30 Td (cash ) Tj ET Q q 0 0 0 rg BT 270.83 103.30 Td (in ) Tj ET Q q 0 0 0 rg BT 281.42 103.30 Td (accounts ) Tj ET Q q 0 0 0 rg BT 327.47 103.30 Td (with ) Tj ET Q q 0 0 0 rg BT 349.07 103.30 Td (various ) Tj ET Q q 0 0 0 rg BT 386.55 103.30 Td (financial ) Tj ET Q q 0 0 0 rg BT 428.94 103.30 Td (institutions. ) Tj ET Q q 0 0 0 rg BT 485.87 103.30 Td (These ) Tj ET Q q 0 0 0 rg BT 518.47 103.30 Td (accounts ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 90.10 Td (at ) Tj ET Q q 0 0 0 rg BT 60.25 90.10 Td (times ) Tj ET Q q 0 0 0 rg BT 88.10 90.10 Td (may ) Tj ET Q q 0 0 0 rg BT 110.46 90.10 Td (exceed ) Tj ET Q q 0 0 0 rg BT 147.50 90.10 Td (federally ) Tj ET Q q 0 0 0 rg BT 190.65 90.10 Td (insured ) Tj ET Q q 0 0 0 rg BT 228.31 90.10 Td (limits. ) Tj ET Q q 0 0 0 rg BT 257.89 90.10 Td (The ) Tj ET Q q 0 0 0 rg BT 278.41 90.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 327.07 90.10 Td (has ) Tj ET Q q 0 0 0 rg BT 346.38 90.10 Td (not ) Tj ET Q q 0 0 0 rg BT 363.24 90.10 Td (experienced ) Tj ET Q q 0 0 0 rg BT 424.75 90.10 Td (any ) Tj ET Q q 0 0 0 rg BT 444.06 90.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 476.81 90.10 Td (in ) Tj ET Q q 0 0 0 rg BT 486.95 90.10 Td (these ) Tj ET Q q 0 0 0 rg BT 515.43 90.10 Td (accounts. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 76.90 Td (The ) Tj ET Q q 0 0 0 rg BT 71.51 76.90 Td (Company ) Tj ET Q q 0 0 0 rg BT 121.64 76.90 Td (believes ) Tj ET Q q 0 0 0 rg BT 165.06 76.90 Td (it ) Tj ET Q q 0 0 0 rg BT 173.62 76.90 Td (is ) Tj ET Q q 0 0 0 rg BT 184.62 76.90 Td (not ) Tj ET Q q 0 0 0 rg BT 202.96 76.90 Td (exposed ) Tj ET Q q 0 0 0 rg BT 247.61 76.90 Td (to ) Tj ET Q q 0 0 0 rg BT 259.84 76.90 Td (any ) Tj ET Q q 0 0 0 rg BT 280.63 76.90 Td (significant ) Tj ET Q q 0 0 0 rg BT 332.60 76.90 Td (credit ) Tj ET Q q 0 0 0 rg BT 362.55 76.90 Td (risk ) Tj ET Q q 0 0 0 rg BT 382.72 76.90 Td (related ) Tj ET Q q 0 0 0 rg BT 419.41 76.90 Td (to ) Tj ET Q q 0 0 0 rg BT 431.64 76.90 Td (cash.) Tj ET Q endstream endobj 349 0 obj <> endobj 350 0 obj <> stream BT /F5 11.00 Tf ET q 0 0 0 rg BT 193.40 771.50 Td (CLEAN COAL) Tj ET Q q 0 0 0 rg BT 265.31 771.50 Td ( SOLUTIONS SER) Tj ET Q q 0 0 0 rg BT 358.01 771.50 Td (VICES, LLC) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 163.80 758.30 Td (NOTES T) Tj ET Q q 0 0 0 rg BT 211.27 758.30 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 288.07 758.30 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 372.19 758.30 Td ( ST) Tj ET Q q 0 0 0 rg BT 388.49 758.30 Td (A) Tj ET Q q 0 0 0 rg BT 395.62 758.30 Td (TEMENTS) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 209.65 745.10 Td (DECEMBER 31, 2015, 2014, and 2013) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 112.20 731.90 Td (\(Information as of and for the year ended December 31, 2013 is unaudited\)) Tj ET Q BT /F8 11.00 Tf ET q 0 0 0 rg BT 268.10 718.70 Td (\(in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 33.60 Td (171) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 49.50 698.50 Td (Accounts ) Tj ET Q q 0 0 0 rg BT 102.67 698.50 Td (Receivable) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 673.30 Td (Accounts ) Tj ET Q q 0 0 0 rg BT 98.25 673.30 Td (receivable ) Tj ET Q q 0 0 0 rg BT 151.89 673.30 Td (are ) Tj ET Q q 0 0 0 rg BT 171.30 673.30 Td (presented ) Tj ET Q q 0 0 0 rg BT 223.72 673.30 Td (net ) Tj ET Q q 0 0 0 rg BT 242.52 673.30 Td (of ) Tj ET Q q 0 0 0 rg BT 255.20 673.30 Td (an ) Tj ET Q q 0 0 0 rg BT 270.94 673.30 Td (allowance ) Tj ET Q q 0 0 0 rg BT 323.36 673.30 Td (for ) Tj ET Q q 0 0 0 rg BT 339.70 673.30 Td (doubtful ) Tj ET Q q 0 0 0 rg BT 382.35 673.30 Td (accounts ) Tj ET Q q 0 0 0 rg BT 429.88 673.30 Td (that ) Tj ET Q q 0 0 0 rg BT 451.73 673.30 Td (reflects ) Tj ET Q q 0 0 0 rg BT 490.69 673.30 Td (management's ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 660.10 Td (best ) Tj ET Q q 0 0 0 rg BT 73.97 660.10 Td (estimate ) Tj ET Q q 0 0 0 rg BT 119.23 660.10 Td (of ) Tj ET Q q 0 0 0 rg BT 132.09 660.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 177.96 660.10 Td (that ) Tj ET Q q 0 0 0 rg BT 199.99 660.10 Td (will ) Tj ET Q q 0 0 0 rg BT 218.95 660.10 Td (not ) Tj ET Q q 0 0 0 rg BT 237.92 660.10 Td (be ) Tj ET Q q 0 0 0 rg BT 253.84 660.10 Td (collected. ) Tj ET Q q 0 0 0 rg BT 304.00 660.10 Td (Under ) Tj ET Q q 0 0 0 rg BT 337.64 660.10 Td (the ) Tj ET Q q 0 0 0 rg BT 356.61 660.10 Td (Company) Tj ET Q q 0 0 0 rg BT 405.94 660.10 Td (s ) Tj ET Q q 0 0 0 rg BT 415.12 660.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 464.67 660.10 Td (agreements ) Tj ET Q q 0 0 0 rg BT 526.44 660.10 Td (interest ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 646.90 Td (can ) Tj ET Q q 0 0 0 rg BT 70.33 646.90 Td (accrue ) Tj ET Q q 0 0 0 rg BT 106.44 646.90 Td (on ) Tj ET Q q 0 0 0 rg BT 121.77 646.90 Td (delinquent ) Tj ET Q q 0 0 0 rg BT 175.63 646.90 Td (balances. ) Tj ET Q q 0 0 0 rg BT 225.81 646.90 Td (No ) Tj ET Q q 0 0 0 rg BT 242.96 646.90 Td (interest ) Tj ET Q q 0 0 0 rg BT 282.13 646.90 Td (on ) Tj ET Q q 0 0 0 rg BT 297.46 646.90 Td (delinquent ) Tj ET Q q 0 0 0 rg BT 351.32 646.90 Td (balances ) Tj ET Q q 0 0 0 rg BT 398.44 646.90 Td (was ) Tj ET Q q 0 0 0 rg BT 421.10 646.90 Td (recorded ) Tj ET Q q 0 0 0 rg BT 467.61 646.90 Td (for ) Tj ET Q q 0 0 0 rg BT 483.54 646.90 Td (the ) Tj ET Q q 0 0 0 rg BT 501.92 646.90 Td (years ) Tj ET Q q 0 0 0 rg BT 531.91 646.90 Td (ended ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 633.70 Td (December ) Tj ET Q q 0 0 0 rg BT 105.08 633.70 Td (31, ) Tj ET Q q 0 0 0 rg BT 125.22 633.70 Td (2015, ) Tj ET Q q 0 0 0 rg BT 157.59 633.70 Td (2014, ) Tj ET Q q 0 0 0 rg BT 189.96 633.70 Td (and ) Tj ET Q q 0 0 0 rg BT 213.16 633.70 Td (2013, ) Tj ET Q q 0 0 0 rg BT 245.53 633.70 Td (respectively) Tj ET Q q 0 0 0 rg BT 302.79 633.70 Td (. ) Tj ET Q q 0 0 0 rg BT 310.69 633.70 Td ( ) Tj ET Q q 0 0 0 rg BT 314.57 633.70 Td (Any ) Tj ET Q q 0 0 0 rg BT 338.36 633.70 Td (allowance ) Tj ET Q q 0 0 0 rg BT 392.13 633.70 Td (for ) Tj ET Q q 0 0 0 rg BT 409.81 633.70 Td (doubtful ) Tj ET Q q 0 0 0 rg BT 453.80 633.70 Td (accounts ) Tj ET Q q 0 0 0 rg BT 502.67 633.70 Td (is ) Tj ET Q q 0 0 0 rg BT 515.45 633.70 Td (based ) Tj ET Q q 0 0 0 rg BT 550.27 633.70 Td (on ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 620.50 Td (management) Tj ET Q q 0 0 0 rg BT 115.95 620.50 Td (s ) Tj ET Q q 0 0 0 rg BT 123.91 620.50 Td (assessment ) Tj ET Q q 0 0 0 rg BT 185.06 620.50 Td (of ) Tj ET Q q 0 0 0 rg BT 196.69 620.50 Td (the ) Tj ET Q q 0 0 0 rg BT 214.44 620.50 Td (collectability ) Tj ET Q q 0 0 0 rg BT 276.21 620.50 Td (of ) Tj ET Q q 0 0 0 rg BT 287.84 620.50 Td (specific ) Tj ET Q q 0 0 0 rg BT 326.98 620.50 Td (customer ) Tj ET Q q 0 0 0 rg BT 374.67 620.50 Td (accounts ) Tj ET Q q 0 0 0 rg BT 421.16 620.50 Td (and ) Tj ET Q q 0 0 0 rg BT 441.97 620.50 Td (the ) Tj ET Q q 0 0 0 rg BT 459.72 620.50 Td (aging ) Tj ET Q q 0 0 0 rg BT 489.10 620.50 Td (of ) Tj ET Q q 0 0 0 rg BT 500.73 620.50 Td (the ) Tj ET Q q 0 0 0 rg BT 518.48 620.50 Td (accounts ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 607.30 Td (receivable. ) Tj ET Q q 0 0 0 rg BT 106.81 607.30 Td (As ) Tj ET Q q 0 0 0 rg BT 124.78 607.30 Td (of ) Tj ET Q q 0 0 0 rg BT 139.09 607.30 Td (December ) Tj ET Q q 0 0 0 rg BT 194.97 607.30 Td (31, ) Tj ET Q q 0 0 0 rg BT 215.39 607.30 Td (2015 ) Tj ET Q q 0 0 0 rg BT 245.00 607.30 Td (and ) Tj ET Q q 0 0 0 rg BT 268.49 607.30 Td (2014, ) Tj ET Q q 0 0 0 rg BT 301.15 607.30 Td (no ) Tj ET Q q 0 0 0 rg BT 318.52 607.30 Td (allowance ) Tj ET Q q 0 0 0 rg BT 372.58 607.30 Td (for ) Tj ET Q q 0 0 0 rg BT 390.55 607.30 Td (doubtful ) Tj ET Q q 0 0 0 rg BT 434.83 607.30 Td (accounts ) Tj ET Q q 0 0 0 rg BT 483.99 607.30 Td (was ) Tj ET Q q 0 0 0 rg BT 508.69 607.30 Td (considered ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 594.10 Td (necessary) Tj ET Q q 0 0 0 rg BT 98.82 594.10 Td (. ) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 49.50 568.90 Td (Inventory) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 543.70 Td (Inventory ) Tj ET Q q 0 0 0 rg BT 97.88 543.70 Td (is ) Tj ET Q q 0 0 0 rg BT 108.96 543.70 Td (comprised ) Tj ET Q q 0 0 0 rg BT 162.83 543.70 Td (primarily ) Tj ET Q q 0 0 0 rg BT 207.52 543.70 Td (of ) Tj ET Q q 0 0 0 rg BT 219.83 543.70 Td (feedstock ) Tj ET Q q 0 0 0 rg BT 270.05 543.70 Td (coal ) Tj ET Q q 0 0 0 rg BT 293.36 543.70 Td (and ) Tj ET Q q 0 0 0 rg BT 314.85 543.70 Td (Chemicals ) Tj ET Q q 0 0 0 rg BT 369.33 543.70 Td (used ) Tj ET Q q 0 0 0 rg BT 396.31 543.70 Td (in ) Tj ET Q q 0 0 0 rg BT 408.01 543.70 Td (the ) Tj ET Q q 0 0 0 rg BT 426.44 543.70 Td (production ) Tj ET Q q 0 0 0 rg BT 480.94 543.70 Td (of ) Tj ET Q q 0 0 0 rg BT 493.25 543.70 Td (refined ) Tj ET Q q 0 0 0 rg BT 530.01 543.70 Td (coal ) Tj ET Q q 0 0 0 rg BT 553.33 543.70 Td (at ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 530.50 Td (RC ) Tj ET Q q 0 0 0 rg BT 68.44 530.50 Td (Facilities ) Tj ET Q q 0 0 0 rg BT 114.29 530.50 Td (that ) Tj ET Q q 0 0 0 rg BT 135.69 530.50 Td (are ) Tj ET Q q 0 0 0 rg BT 154.64 530.50 Td (leased ) Tj ET Q q 0 0 0 rg BT 190.12 530.50 Td (and ) Tj ET Q q 0 0 0 rg BT 211.52 530.50 Td (operated ) Tj ET Q q 0 0 0 rg BT 258.01 530.50 Td (by ) Tj ET Q q 0 0 0 rg BT 272.68 530.50 Td (the ) Tj ET Q q 0 0 0 rg BT 291.03 530.50 Td (VIEs. ) Tj ET Q q 0 0 0 rg BT 320.37 530.50 Td ( ) Tj ET Q q 0 0 0 rg BT 323.43 530.50 Td (Inventory ) Tj ET Q q 0 0 0 rg BT 371.73 530.50 Td (is ) Tj ET Q q 0 0 0 rg BT 382.73 530.50 Td (valued ) Tj ET Q q 0 0 0 rg BT 418.20 530.50 Td (at ) Tj ET Q q 0 0 0 rg BT 430.43 530.50 Td (average ) Tj ET Q q 0 0 0 rg BT 473.24 530.50 Td (cost.) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 49.50 505.30 Td (Prepaid ) Tj ET Q q 0 0 0 rg BT 92.90 505.30 Td (Expenses) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 480.10 Td (Prepaid ) Tj ET Q q 0 0 0 rg BT 90.95 480.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 141.58 480.10 Td (include ) Tj ET Q q 0 0 0 rg BT 179.97 480.10 Td (prepaid ) Tj ET Q q 0 0 0 rg BT 220.20 480.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 271.44 480.10 Td (which ) Tj ET Q q 0 0 0 rg BT 303.09 480.10 Td (is ) Tj ET Q q 0 0 0 rg BT 314.58 480.10 Td (amortized ) Tj ET Q q 0 0 0 rg BT 366.41 480.10 Td (over ) Tj ET Q q 0 0 0 rg BT 391.34 480.10 Td (the ) Tj ET Q q 0 0 0 rg BT 410.17 480.10 Td (policy ) Tj ET Q q 0 0 0 rg BT 441.83 480.10 Td (term. ) Tj ET Q q 0 0 0 rg BT 470.42 480.10 Td ( ) Tj ET Q q 0 0 0 rg BT 473.96 480.10 Td (Prepaid ) Tj ET Q q 0 0 0 rg BT 515.41 480.10 Td (expenses ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 466.90 Td (also ) Tj ET Q q 0 0 0 rg BT 73.79 466.90 Td (include ) Tj ET Q q 0 0 0 rg BT 112.76 466.90 Td (prepaid ) Tj ET Q q 0 0 0 rg BT 153.57 466.90 Td (lease ) Tj ET Q q 0 0 0 rg BT 183.98 466.90 Td (payments ) Tj ET Q q 0 0 0 rg BT 235.78 466.90 Td (related ) Tj ET Q q 0 0 0 rg BT 273.52 466.90 Td (to ) Tj ET Q q 0 0 0 rg BT 286.81 466.90 Td (the ) Tj ET Q q 0 0 0 rg BT 306.21 466.90 Td (RC ) Tj ET Q q 0 0 0 rg BT 326.21 466.90 Td (Facilities. ) Tj ET Q q 0 0 0 rg BT 376.16 466.90 Td ( ) Tj ET Q q 0 0 0 rg BT 379.46 466.90 Td (As ) Tj ET Q q 0 0 0 rg BT 396.41 466.90 Td (of ) Tj ET Q q 0 0 0 rg BT 409.69 466.90 Td (December ) Tj ET Q q 0 0 0 rg BT 464.54 466.90 Td (31, ) Tj ET Q q 0 0 0 rg BT 483.95 466.90 Td (2015 ) Tj ET Q q 0 0 0 rg BT 512.53 466.90 Td (and ) Tj ET Q q 0 0 0 rg BT 534.99 466.90 Td (2014, ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 453.70 Td (prepaid ) Tj ET Q q 0 0 0 rg BT 89.25 453.70 Td (lease ) Tj ET Q q 0 0 0 rg BT 118.60 453.70 Td (payments ) Tj ET Q q 0 0 0 rg BT 169.35 453.70 Td (were ) Tj ET Q q 0 0 0 rg BT 196.25 453.70 Td ($27,748 ) Tj ET Q q 0 0 0 rg BT 239.07 453.70 Td (and ) Tj ET Q q 0 0 0 rg BT 260.48 453.70 Td ($44,651 ) Tj ET Q q 0 0 0 rg BT 303.29 453.70 Td (respectively) Tj ET Q q 0 0 0 rg BT 360.56 453.70 Td (.) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 49.50 428.50 Td (Fixed ) Tj ET Q q 0 0 0 rg BT 80.88 428.50 Td (Assets) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 403.30 Td (Fixed ) Tj ET Q q 0 0 0 rg BT 82.21 403.30 Td (assets ) Tj ET Q q 0 0 0 rg BT 119.81 403.30 Td (are ) Tj ET Q q 0 0 0 rg BT 141.51 403.30 Td (stated ) Tj ET Q q 0 0 0 rg BT 177.29 403.30 Td (at ) Tj ET Q q 0 0 0 rg BT 192.27 403.30 Td (historical ) Tj ET Q q 0 0 0 rg BT 241.48 403.30 Td (cost ) Tj ET Q q 0 0 0 rg BT 267.47 403.30 Td (net ) Tj ET Q q 0 0 0 rg BT 288.57 403.30 Td (of ) Tj ET Q q 0 0 0 rg BT 303.55 403.30 Td (depreciation. ) Tj ET Q q 0 0 0 rg BT 372.34 403.30 Td (Expenditures ) Tj ET Q q 0 0 0 rg BT 442.36 403.30 Td (for ) Tj ET Q q 0 0 0 rg BT 461.00 403.30 Td (major ) Tj ET Q q 0 0 0 rg BT 494.32 403.30 Td (renewals ) Tj ET Q q 0 0 0 rg BT 544.15 403.30 Td (and ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 390.10 Td (improvements ) Tj ET Q q 0 0 0 rg BT 122.86 390.10 Td (are ) Tj ET Q q 0 0 0 rg BT 143.04 390.10 Td (capitalized, ) Tj ET Q q 0 0 0 rg BT 202.35 390.10 Td (while ) Tj ET Q q 0 0 0 rg BT 231.69 390.10 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 298.96 390.10 Td (and ) Tj ET Q q 0 0 0 rg BT 321.59 390.10 Td (repair ) Tj ET Q q 0 0 0 rg BT 354.00 390.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 383.95 390.10 Td (that ) Tj ET Q q 0 0 0 rg BT 406.58 390.10 Td (do ) Tj ET Q q 0 0 0 rg BT 423.09 390.10 Td (not ) Tj ET Q q 0 0 0 rg BT 442.66 390.10 Td (significantly ) Tj ET Q q 0 0 0 rg BT 503.80 390.10 Td (improve ) Tj ET Q q 0 0 0 rg BT 547.21 390.10 Td (the ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 376.90 Td (related ) Tj ET Q q 0 0 0 rg BT 85.97 376.90 Td (asset ) Tj ET Q q 0 0 0 rg BT 115.10 376.90 Td (or ) Tj ET Q q 0 0 0 rg BT 127.72 376.90 Td (extend ) Tj ET Q q 0 0 0 rg BT 163.59 376.90 Td (its ) Tj ET Q q 0 0 0 rg BT 177.42 376.90 Td (useful ) Tj ET Q q 0 0 0 rg BT 209.62 376.90 Td (life ) Tj ET Q q 0 0 0 rg BT 226.52 376.90 Td (are ) Tj ET Q q 0 0 0 rg BT 245.25 376.90 Td (charged ) Tj ET Q q 0 0 0 rg BT 287.84 376.90 Td (to ) Tj ET Q q 0 0 0 rg BT 299.85 376.90 Td (expense ) Tj ET Q q 0 0 0 rg BT 344.28 376.90 Td (as ) Tj ET Q q 0 0 0 rg BT 358.74 376.90 Td (incurred. ) Tj ET Q q 0 0 0 rg BT 404.19 376.90 Td (The ) Tj ET Q q 0 0 0 rg BT 425.98 376.90 Td (Company ) Tj ET Q q 0 0 0 rg BT 475.90 376.90 Td (purchases ) Tj ET Q q 0 0 0 rg BT 529.49 376.90 Td (certain ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 363.70 Td (fixed ) Tj ET Q q 0 0 0 rg BT 74.86 363.70 Td (assets ) Tj ET Q q 0 0 0 rg BT 108.77 363.70 Td (on ) Tj ET Q q 0 0 0 rg BT 123.13 363.70 Td (behalf ) Tj ET Q q 0 0 0 rg BT 155.22 363.70 Td (of ) Tj ET Q q 0 0 0 rg BT 166.52 363.70 Td (VIEs, ) Tj ET Q q 0 0 0 rg BT 194.93 363.70 Td (certain ) Tj ET Q q 0 0 0 rg BT 230.06 363.70 Td (related ) Tj ET Q q 0 0 0 rg BT 265.82 363.70 Td (parties ) Tj ET Q q 0 0 0 rg BT 300.96 363.70 Td (and ) Tj ET Q q 0 0 0 rg BT 321.43 363.70 Td (other ) Tj ET Q q 0 0 0 rg BT 348.63 363.70 Td (entities ) Tj ET Q q 0 0 0 rg BT 385.60 363.70 Td (for ) Tj ET Q q 0 0 0 rg BT 400.56 363.70 Td (which ) Tj ET Q q 0 0 0 rg BT 430.81 363.70 Td (the ) Tj ET Q q 0 0 0 rg BT 448.22 363.70 Td (Company ) Tj ET Q q 0 0 0 rg BT 497.42 363.70 Td (is ) Tj ET Q q 0 0 0 rg BT 507.49 363.70 Td (reimbursed ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 350.50 Td (at ) Tj ET Q q 0 0 0 rg BT 60.64 350.50 Td (cost ) Tj ET Q q 0 0 0 rg BT 82.78 350.50 Td (and ) Tj ET Q q 0 0 0 rg BT 103.11 350.50 Td (consequently ) Tj ET Q q 0 0 0 rg BT 169.90 350.50 Td (these ) Tj ET Q q 0 0 0 rg BT 198.77 350.50 Td (assets ) Tj ET Q q 0 0 0 rg BT 232.53 350.50 Td (are ) Tj ET Q q 0 0 0 rg BT 250.40 350.50 Td (reflected ) Tj ET Q q 0 0 0 rg BT 294.56 350.50 Td (at ) Tj ET Q q 0 0 0 rg BT 305.70 350.50 Td (the ) Tj ET Q q 0 0 0 rg BT 322.96 350.50 Td (net ) Tj ET Q q 0 0 0 rg BT 340.22 350.50 Td (remaining ) Tj ET Q q 0 0 0 rg BT 390.49 350.50 Td (value ) Tj ET Q q 0 0 0 rg BT 418.76 350.50 Td (of ) Tj ET Q q 0 0 0 rg BT 429.90 350.50 Td (zero. ) Tj ET Q q 0 0 0 rg BT 456.32 350.50 Td ( ) Tj ET Q q 0 0 0 rg BT 458.29 350.50 Td (For ) Tj ET Q q 0 0 0 rg BT 476.76 350.50 Td (financial ) Tj ET Q q 0 0 0 rg BT 519.08 350.50 Td (reporting ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 337.30 Td (purposes, ) Tj ET Q q 0 0 0 rg BT 101.52 337.30 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 165.16 337.30 Td (is ) Tj ET Q q 0 0 0 rg BT 176.82 337.30 Td (calculated ) Tj ET Q q 0 0 0 rg BT 230.06 337.30 Td (using ) Tj ET Q q 0 0 0 rg BT 260.07 337.30 Td (the ) Tj ET Q q 0 0 0 rg BT 279.07 337.30 Td (straight-line ) Tj ET Q q 0 0 0 rg BT 339.64 337.30 Td (method ) Tj ET Q q 0 0 0 rg BT 380.04 337.30 Td (over ) Tj ET Q q 0 0 0 rg BT 405.15 337.30 Td (the ) Tj ET Q q 0 0 0 rg BT 424.16 337.30 Td (estimated ) Tj ET Q q 0 0 0 rg BT 475.56 337.30 Td (useful ) Tj ET Q q 0 0 0 rg BT 508.62 337.30 Td (lives ) Tj ET Q q 0 0 0 rg BT 534.34 337.30 Td (of ) Tj ET Q q 0 0 0 rg BT 547.22 337.30 Td (the ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 324.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 84.35 324.10 Td (ranging ) Tj ET Q q 0 0 0 rg BT 124.10 324.10 Td (from ) Tj ET Q q 0 0 0 rg BT 149.16 324.10 Td (3 ) Tj ET Q q 0 0 0 rg BT 158.33 324.10 Td (to ) Tj ET Q q 0 0 0 rg BT 170.56 324.10 Td (10 ) Tj ET Q q 0 0 0 rg BT 185.85 324.10 Td (years. ) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 49.50 298.90 Td (Impairment ) Tj ET Q q 0 0 0 rg BT 111.85 298.90 Td (of ) Tj ET Q q 0 0 0 rg BT 125.29 298.90 Td (Long-Lived ) Tj ET Q q 0 0 0 rg BT 187.20 298.90 Td (Assets) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 273.70 Td (The ) Tj ET Q q 0 0 0 rg BT 71.82 273.70 Td (Company ) Tj ET Q q 0 0 0 rg BT 122.26 273.70 Td (performs ) Tj ET Q q 0 0 0 rg BT 169.02 273.70 Td (an ) Tj ET Q q 0 0 0 rg BT 184.62 273.70 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 238.13 273.70 Td (of ) Tj ET Q q 0 0 0 rg BT 250.67 273.70 Td (the ) Tj ET Q q 0 0 0 rg BT 269.33 273.70 Td (recoverability ) Tj ET Q q 0 0 0 rg BT 337.49 273.70 Td (of ) Tj ET Q q 0 0 0 rg BT 350.03 273.70 Td (the ) Tj ET Q q 0 0 0 rg BT 368.69 273.70 Td (carrying ) Tj ET Q q 0 0 0 rg BT 411.17 273.70 Td (value ) Tj ET Q q 0 0 0 rg BT 440.83 273.70 Td (of ) Tj ET Q q 0 0 0 rg BT 453.37 273.70 Td (its ) Tj ET Q q 0 0 0 rg BT 467.74 273.70 Td (long-lived ) Tj ET Q q 0 0 0 rg BT 518.18 273.70 Td (assets ) Tj ET Q q 0 0 0 rg BT 553.34 273.70 Td (to ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 260.50 Td (determine ) Tj ET Q q 0 0 0 rg BT 101.47 260.50 Td (if ) Tj ET Q q 0 0 0 rg BT 110.03 260.50 Td (facts ) Tj ET Q q 0 0 0 rg BT 136.32 260.50 Td (and ) Tj ET Q q 0 0 0 rg BT 157.73 260.50 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 231.08 260.50 Td (indicate ) Tj ET Q q 0 0 0 rg BT 272.05 260.50 Td (that ) Tj ET Q q 0 0 0 rg BT 293.46 260.50 Td (the ) Tj ET Q q 0 0 0 rg BT 311.81 260.50 Td (carrying ) Tj ET Q q 0 0 0 rg BT 353.99 260.50 Td (value ) Tj ET Q q 0 0 0 rg BT 383.34 260.50 Td (of ) Tj ET Q q 0 0 0 rg BT 395.58 260.50 Td (assets ) Tj ET Q q 0 0 0 rg BT 430.42 260.50 Td (may ) Tj ET Q q 0 0 0 rg BT 454.26 260.50 Td (be ) Tj ET Q q 0 0 0 rg BT 469.56 260.50 Td (impaired ) Tj ET Q q 0 0 0 rg BT 514.80 260.50 Td (and ) Tj ET Q q 0 0 0 rg BT 536.21 260.50 Td (if ) Tj ET Q q 0 0 0 rg BT 544.77 260.50 Td (any ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 247.30 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 106.76 247.30 Td (is ) Tj ET Q q 0 0 0 rg BT 118.16 247.30 Td (warranted. ) Tj ET Q q 0 0 0 rg BT 173.58 247.30 Td ( ) Tj ET Q q 0 0 0 rg BT 176.81 247.30 Td (There ) Tj ET Q q 0 0 0 rg BT 209.00 247.30 Td (was ) Tj ET Q q 0 0 0 rg BT 232.01 247.30 Td (no ) Tj ET Q q 0 0 0 rg BT 247.70 247.30 Td (evidence ) Tj ET Q q 0 0 0 rg BT 295.19 247.30 Td (of ) Tj ET Q q 0 0 0 rg BT 307.81 247.30 Td (impairment ) Tj ET Q q 0 0 0 rg BT 365.67 247.30 Td (for ) Tj ET Q q 0 0 0 rg BT 381.96 247.30 Td (the ) Tj ET Q q 0 0 0 rg BT 400.71 247.30 Td (years ) Tj ET Q q 0 0 0 rg BT 431.06 247.30 Td (ended ) Tj ET Q q 0 0 0 rg BT 465.10 247.30 Td (December ) Tj ET Q q 0 0 0 rg BT 519.29 247.30 Td (31, ) Tj ET Q q 0 0 0 rg BT 538.04 247.30 Td (2015 ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 234.10 Td (and ) Tj ET Q q 0 0 0 rg BT 70.91 234.10 Td (2014.) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 49.50 208.90 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 98.41 208.90 Td (Recognition) Tj ET Q BT /F6 11.00 Tf ET 0 0 0 RG /GS0 gs 0.81 w 0 i [] 0 d 1 J 1 j 3 M 49.5 182.13164062500005 m 102.6953125 182.13164062500005 l s q 0 0 0 rg BT 49.50 183.70 Td (Coal ) Tj ET Q q 0 0 0 rg BT 75.18 183.70 Td (Sales) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 158.50 Td (In ) Tj ET Q q 0 0 0 rg BT 61.91 158.50 Td (connection ) Tj ET Q q 0 0 0 rg BT 118.35 158.50 Td (with ) Tj ET Q q 0 0 0 rg BT 141.15 158.50 Td (the ) Tj ET Q q 0 0 0 rg BT 159.67 158.50 Td (operation ) Tj ET Q q 0 0 0 rg BT 208.78 158.50 Td (of ) Tj ET Q q 0 0 0 rg BT 221.19 158.50 Td (the ) Tj ET Q q 0 0 0 rg BT 239.71 158.50 Td (leased ) Tj ET Q q 0 0 0 rg BT 275.36 158.50 Td (RC ) Tj ET Q q 0 0 0 rg BT 294.49 158.50 Td (Facilities ) Tj ET Q q 0 0 0 rg BT 340.51 158.50 Td (by ) Tj ET Q q 0 0 0 rg BT 355.36 158.50 Td (the ) Tj ET Q q 0 0 0 rg BT 373.89 158.50 Td (VIEs, ) Tj ET Q q 0 0 0 rg BT 403.41 158.50 Td (coal ) Tj ET Q q 0 0 0 rg BT 426.83 158.50 Td (revenue ) Tj ET Q q 0 0 0 rg BT 469.81 158.50 Td (is ) Tj ET Q q 0 0 0 rg BT 480.99 158.50 Td (recognized ) Tj ET Q q 0 0 0 rg BT 538.04 158.50 Td (upon ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 145.30 Td (delivery ) Tj ET Q q 0 0 0 rg BT 90.73 145.30 Td (of ) Tj ET Q q 0 0 0 rg BT 103.23 145.30 Td (refined ) Tj ET Q q 0 0 0 rg BT 140.19 145.30 Td (coal ) Tj ET Q q 0 0 0 rg BT 163.70 145.30 Td (and ) Tj ET Q q 0 0 0 rg BT 185.38 145.30 Td (back-up ) Tj ET Q q 0 0 0 rg BT 227.84 145.30 Td (coal ) Tj ET Q q 0 0 0 rg BT 251.35 145.30 Td (\(coal ) Tj ET Q q 0 0 0 rg BT 278.52 145.30 Td (untreated ) Tj ET Q q 0 0 0 rg BT 328.33 145.30 Td (but ) Tj ET Q q 0 0 0 rg BT 346.95 145.30 Td (part ) Tj ET Q q 0 0 0 rg BT 369.23 145.30 Td (of ) Tj ET Q q 0 0 0 rg BT 381.73 145.30 Td (the ) Tj ET Q q 0 0 0 rg BT 400.35 145.30 Td (refined ) Tj ET Q q 0 0 0 rg BT 437.31 145.30 Td (coal ) Tj ET Q q 0 0 0 rg BT 460.82 145.30 Td (process\) ) Tj ET Q q 0 0 0 rg BT 506.33 145.30 Td (to ) Tj ET Q q 0 0 0 rg BT 518.83 145.30 Td (the ) Tj ET Q q 0 0 0 rg BT 537.45 145.30 Td (utility ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 132.10 Td (and ) Tj ET Q q 0 0 0 rg BT 69.46 132.10 Td (when ) Tj ET Q q 0 0 0 rg BT 97.36 132.10 Td (the ) Tj ET Q q 0 0 0 rg BT 114.26 132.10 Td (respective ) Tj ET Q q 0 0 0 rg BT 166.00 132.10 Td (utility ) Tj ET Q q 0 0 0 rg BT 192.66 132.10 Td (assumes ) Tj ET Q q 0 0 0 rg BT 238.29 132.10 Td (the ) Tj ET Q q 0 0 0 rg BT 255.18 132.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 273.90 132.10 Td (and ) Tj ET Q q 0 0 0 rg BT 293.85 132.10 Td (rewards ) Tj ET Q q 0 0 0 rg BT 334.58 132.10 Td (of ) Tj ET Q q 0 0 0 rg BT 345.36 132.10 Td (ownership. ) Tj ET Q q 0 0 0 rg BT 400.16 132.10 Td (During ) Tj ET Q q 0 0 0 rg BT 434.17 132.10 Td (the ) Tj ET Q q 0 0 0 rg BT 451.07 132.10 Td (years ) Tj ET Q q 0 0 0 rg BT 479.57 132.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 511.77 132.10 Td (December ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 118.90 Td (31, ) Tj ET Q q 0 0 0 rg BT 67.23 118.90 Td (2015, ) Tj ET Q q 0 0 0 rg BT 97.20 118.90 Td (2014, ) Tj ET Q q 0 0 0 rg BT 127.17 118.90 Td (and ) Tj ET Q q 0 0 0 rg BT 147.97 118.90 Td (2013, ) Tj ET Q q 0 0 0 rg BT 177.94 118.90 Td (the ) Tj ET Q q 0 0 0 rg BT 195.67 118.90 Td (VIEs ) Tj ET Q q 0 0 0 rg BT 221.35 118.90 Td (sold ) Tj ET Q q 0 0 0 rg BT 243.97 118.90 Td (all ) Tj ET Q q 0 0 0 rg BT 257.42 118.90 Td (of ) Tj ET Q q 0 0 0 rg BT 269.03 118.90 Td (their ) Tj ET Q q 0 0 0 rg BT 292.88 118.90 Td (refined ) Tj ET Q q 0 0 0 rg BT 328.95 118.90 Td (coal ) Tj ET Q q 0 0 0 rg BT 351.57 118.90 Td (and ) Tj ET Q q 0 0 0 rg BT 372.37 118.90 Td (back-up ) Tj ET Q q 0 0 0 rg BT 413.95 118.90 Td (coal ) Tj ET Q q 0 0 0 rg BT 436.57 118.90 Td (to ) Tj ET Q q 0 0 0 rg BT 448.19 118.90 Td (third ) Tj ET Q q 0 0 0 rg BT 472.03 118.90 Td (parties ) Tj ET Q q 0 0 0 rg BT 507.49 118.90 Td (that ) Tj ET Q q 0 0 0 rg BT 528.28 118.90 Td (utilized ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 105.70 Td (the ) Tj ET Q q 0 0 0 rg BT 69.51 105.70 Td (coal ) Tj ET Q q 0 0 0 rg BT 94.41 105.70 Td (to ) Tj ET Q q 0 0 0 rg BT 108.31 105.70 Td (generate ) Tj ET Q q 0 0 0 rg BT 156.46 105.70 Td (electricity) Tj ET Q q 0 0 0 rg BT 201.48 105.70 Td (, ) Tj ET Q q 0 0 0 rg BT 209.26 105.70 Td (and ) Tj ET Q q 0 0 0 rg BT 232.33 105.70 Td (recorded ) Tj ET Q q 0 0 0 rg BT 280.47 105.70 Td (such ) Tj ET Q q 0 0 0 rg BT 308.43 105.70 Td (amounts ) Tj ET Q q 0 0 0 rg BT 355.34 105.70 Td (as ) Tj ET Q q 0 0 0 rg BT 371.68 105.70 Td (coal ) Tj ET Q q 0 0 0 rg BT 396.58 105.70 Td (sales. ) Tj ET Q q 0 0 0 rg BT 430.04 105.70 Td ( ) Tj ET Q q 0 0 0 rg BT 434.76 105.70 Td (See ) Tj ET Q q 0 0 0 rg BT 459.05 105.70 Td (Note ) Tj ET Q q 0 0 0 rg BT 487.01 105.70 Td (5 ) Tj ET Q q 0 0 0 rg BT 497.85 105.70 Td (for ) Tj ET Q q 0 0 0 rg BT 515.41 105.70 Td (additional ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 92.50 Td (information ) Tj ET Q q 0 0 0 rg BT 106.97 92.50 Td (regarding ) Tj ET Q q 0 0 0 rg BT 156.50 92.50 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 221.33 92.50 Td (VIEs.) Tj ET Q BT /F6 11.00 Tf ET 0 0 0 RG /GS0 gs 0.81 w 0 i [] 0 d 1 J 1 j 3 M 49.5 65.73164062499995 m 138.767578125 65.73164062499995 l s q 0 0 0 rg BT 49.50 67.30 Td (Services ) Tj ET Q q 0 0 0 rg BT 94.74 67.30 Td (Revenue) Tj ET Q endstream endobj 351 0 obj <> endobj 352 0 obj <> stream BT /F5 11.00 Tf ET q 0 0 0 rg BT 193.40 771.50 Td (CLEAN COAL) Tj ET Q q 0 0 0 rg BT 265.31 771.50 Td ( SOLUTIONS SER) Tj ET Q q 0 0 0 rg BT 358.01 771.50 Td (VICES, LLC) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 163.80 758.30 Td (NOTES T) Tj ET Q q 0 0 0 rg BT 211.27 758.30 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 288.07 758.30 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 372.19 758.30 Td ( ST) Tj ET Q q 0 0 0 rg BT 388.49 758.30 Td (A) Tj ET Q q 0 0 0 rg BT 395.62 758.30 Td (TEMENTS) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 209.65 745.10 Td (DECEMBER 31, 2015, 2014, and 2013) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 112.20 731.90 Td (\(Information as of and for the year ended December 31, 2013 is unaudited\)) Tj ET Q BT /F8 11.00 Tf ET q 0 0 0 rg BT 268.10 718.70 Td (\(in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 33.60 Td (172) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 698.50 Td (The ) Tj ET Q q 0 0 0 rg BT 70.90 698.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 120.42 698.50 Td (is ) Tj ET Q q 0 0 0 rg BT 130.81 698.50 Td (the ) Tj ET Q q 0 0 0 rg BT 148.54 698.50 Td (contract ) Tj ET Q q 0 0 0 rg BT 190.12 698.50 Td (operations ) Tj ET Q q 0 0 0 rg BT 243.93 698.50 Td (and ) Tj ET Q q 0 0 0 rg BT 264.73 698.50 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 330.16 698.50 Td (service ) Tj ET Q q 0 0 0 rg BT 367.45 698.50 Td (provider ) Tj ET Q q 0 0 0 rg BT 409.63 698.50 Td (and ) Tj ET Q q 0 0 0 rg BT 430.43 698.50 Td (Chemical ) Tj ET Q q 0 0 0 rg BT 478.72 698.50 Td (purchasing ) Tj ET Q q 0 0 0 rg BT 534.98 698.50 Td (agent ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 685.30 Td (for ) Tj ET Q q 0 0 0 rg BT 65.12 685.30 Td (RC ) Tj ET Q q 0 0 0 rg BT 83.80 685.30 Td (Facilities. ) Tj ET Q q 0 0 0 rg BT 131.87 685.30 Td (As ) Tj ET Q q 0 0 0 rg BT 147.50 685.30 Td (such, ) Tj ET Q q 0 0 0 rg BT 176.57 685.30 Td (the ) Tj ET Q q 0 0 0 rg BT 194.65 685.30 Td (Company ) Tj ET Q q 0 0 0 rg BT 244.51 685.30 Td (is ) Tj ET Q q 0 0 0 rg BT 255.24 685.30 Td (responsible ) Tj ET Q q 0 0 0 rg BT 314.29 685.30 Td (for ) Tj ET Q q 0 0 0 rg BT 329.91 685.30 Td (the ) Tj ET Q q 0 0 0 rg BT 347.99 685.30 Td (management ) Tj ET Q q 0 0 0 rg BT 414.98 685.30 Td (of ) Tj ET Q q 0 0 0 rg BT 426.94 685.30 Td (personnel ) Tj ET Q q 0 0 0 rg BT 478.04 685.30 Td (and ) Tj ET Q q 0 0 0 rg BT 499.18 685.30 Td (operations ) Tj ET Q q 0 0 0 rg BT 553.33 685.30 Td (at ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 672.10 Td (each ) Tj ET Q q 0 0 0 rg BT 77.26 672.10 Td (RC ) Tj ET Q q 0 0 0 rg BT 97.06 672.10 Td (Facility) Tj ET Q q 0 0 0 rg BT 130.47 672.10 Td (, ) Tj ET Q q 0 0 0 rg BT 137.43 672.10 Td (the ) Tj ET Q q 0 0 0 rg BT 156.64 672.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 205.80 672.10 Td (and ) Tj ET Q q 0 0 0 rg BT 228.06 672.10 Td (application ) Tj ET Q q 0 0 0 rg BT 284.56 672.10 Td (of ) Tj ET Q q 0 0 0 rg BT 297.65 672.10 Td (Chemicals, ) Tj ET Q q 0 0 0 rg BT 355.96 672.10 Td (and ) Tj ET Q q 0 0 0 rg BT 378.22 672.10 Td (all ) Tj ET Q q 0 0 0 rg BT 393.14 672.10 Td (repair ) Tj ET Q q 0 0 0 rg BT 425.17 672.10 Td (and ) Tj ET Q q 0 0 0 rg BT 447.43 672.10 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 514.33 672.10 Td (to ) Tj ET Q q 0 0 0 rg BT 527.41 672.10 Td (the ) Tj ET Q q 0 0 0 rg BT 546.61 672.10 Td (RC ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 658.90 Td (Facility) Tj ET Q q 0 0 0 rg BT 82.91 658.90 Td (. ) Tj ET Q q 0 0 0 rg BT 89.02 658.90 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 136.11 658.90 Td (is ) Tj ET Q q 0 0 0 rg BT 147.11 658.90 Td (recognized ) Tj ET Q q 0 0 0 rg BT 203.98 658.90 Td (for ) Tj ET Q q 0 0 0 rg BT 219.87 658.90 Td (services ) Tj ET Q q 0 0 0 rg BT 263.27 658.90 Td (as ) Tj ET Q q 0 0 0 rg BT 277.94 658.90 Td (they ) Tj ET Q q 0 0 0 rg BT 301.79 658.90 Td (are ) Tj ET Q q 0 0 0 rg BT 320.75 658.90 Td (performed. ) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 49.50 633.70 Td (Income ) Tj ET Q q 0 0 0 rg BT 91.07 633.70 Td (T) Tj ET Q q 0 0 0 rg BT 96.97 633.70 Td (axes) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 608.50 Td (The ) Tj ET Q q 0 0 0 rg BT 70.80 608.50 Td (Company) Tj ET Q q 0 0 0 rg BT 117.06 608.50 Td (, ) Tj ET Q q 0 0 0 rg BT 122.47 608.50 Td (with ) Tj ET Q q 0 0 0 rg BT 144.38 608.50 Td (the ) Tj ET Q q 0 0 0 rg BT 162.02 608.50 Td (consent ) Tj ET Q q 0 0 0 rg BT 202.90 608.50 Td (of ) Tj ET Q q 0 0 0 rg BT 214.42 608.50 Td (its ) Tj ET Q q 0 0 0 rg BT 227.77 608.50 Td (Members, ) Tj ET Q q 0 0 0 rg BT 279.01 608.50 Td (has ) Tj ET Q q 0 0 0 rg BT 299.10 608.50 Td (elected ) Tj ET Q q 0 0 0 rg BT 336.92 608.50 Td (to ) Tj ET Q q 0 0 0 rg BT 348.44 608.50 Td (be ) Tj ET Q q 0 0 0 rg BT 363.02 608.50 Td (taxed ) Tj ET Q q 0 0 0 rg BT 392.28 608.50 Td (under ) Tj ET Q q 0 0 0 rg BT 422.76 608.50 Td (applicable ) Tj ET Q q 0 0 0 rg BT 474.65 608.50 Td (sections ) Tj ET Q q 0 0 0 rg BT 517.35 608.50 Td (of ) Tj ET Q q 0 0 0 rg BT 528.87 608.50 Td (federal ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 595.30 Td (and ) Tj ET Q q 0 0 0 rg BT 71.31 595.30 Td (state ) Tj ET Q q 0 0 0 rg BT 98.61 595.30 Td (income ) Tj ET Q q 0 0 0 rg BT 137.52 595.30 Td (tax ) Tj ET Q q 0 0 0 rg BT 155.65 595.30 Td (law ) Tj ET Q q 0 0 0 rg BT 175.61 595.30 Td (as ) Tj ET Q q 0 0 0 rg BT 190.68 595.30 Td (a ) Tj ET Q q 0 0 0 rg BT 200.25 595.30 Td (limited ) Tj ET Q q 0 0 0 rg BT 235.49 595.30 Td (liability ) Tj ET Q q 0 0 0 rg BT 271.95 595.30 Td (company ) Tj ET Q q 0 0 0 rg BT 320.04 595.30 Td (treated ) Tj ET Q q 0 0 0 rg BT 357.74 595.30 Td (as ) Tj ET Q q 0 0 0 rg BT 372.81 595.30 Td (a ) Tj ET Q q 0 0 0 rg BT 382.38 595.30 Td (partnership ) Tj ET Q q 0 0 0 rg BT 440.86 595.30 Td (for ) Tj ET Q q 0 0 0 rg BT 457.15 595.30 Td (income ) Tj ET Q q 0 0 0 rg BT 496.07 595.30 Td (tax ) Tj ET Q q 0 0 0 rg BT 514.19 595.30 Td (purposes. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 582.10 Td (As ) Tj ET Q q 0 0 0 rg BT 65.87 582.10 Td (a ) Tj ET Q q 0 0 0 rg BT 75.53 582.10 Td (result ) Tj ET Q q 0 0 0 rg BT 105.96 582.10 Td (of ) Tj ET Q q 0 0 0 rg BT 118.67 582.10 Td (this ) Tj ET Q q 0 0 0 rg BT 139.33 582.10 Td (election, ) Tj ET Q q 0 0 0 rg BT 183.83 582.10 Td (no ) Tj ET Q q 0 0 0 rg BT 199.61 582.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 236.78 582.10 Td (income ) Tj ET Q q 0 0 0 rg BT 275.77 582.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 305.60 582.10 Td (are ) Tj ET Q q 0 0 0 rg BT 325.04 582.10 Td (incurred ) Tj ET Q q 0 0 0 rg BT 368.31 582.10 Td (by ) Tj ET Q q 0 0 0 rg BT 383.47 582.10 Td (the ) Tj ET Q q 0 0 0 rg BT 402.30 582.10 Td (Company) Tj ET Q q 0 0 0 rg BT 448.56 582.10 Td (. ) Tj ET Q q 0 0 0 rg BT 455.15 582.10 Td (Instead, ) Tj ET Q q 0 0 0 rg BT 497.83 582.10 Td (the ) Tj ET Q q 0 0 0 rg BT 516.65 582.10 Td (Members ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 568.90 Td (are ) Tj ET Q q 0 0 0 rg BT 67.68 568.90 Td (liable ) Tj ET Q q 0 0 0 rg BT 95.66 568.90 Td (for ) Tj ET Q q 0 0 0 rg BT 110.78 568.90 Td (income ) Tj ET Q q 0 0 0 rg BT 148.52 568.90 Td (taxes ) Tj ET Q q 0 0 0 rg BT 177.10 568.90 Td (on ) Tj ET Q q 0 0 0 rg BT 191.62 568.90 Td (their ) Tj ET Q q 0 0 0 rg BT 215.31 568.90 Td (pro ) Tj ET Q q 0 0 0 rg BT 233.49 568.90 Td (rata ) Tj ET Q q 0 0 0 rg BT 254.73 568.90 Td (share ) Tj ET Q q 0 0 0 rg BT 284.54 568.90 Td (of ) Tj ET Q q 0 0 0 rg BT 296.00 568.90 Td (the ) Tj ET Q q 0 0 0 rg BT 313.57 568.90 Td (Company's ) Tj ET Q q 0 0 0 rg BT 370.54 568.90 Td (income, ) Tj ET Q q 0 0 0 rg BT 411.34 568.90 Td (deductions, ) Tj ET Q q 0 0 0 rg BT 469.89 568.90 Td (losses, ) Tj ET Q q 0 0 0 rg BT 506.41 568.90 Td (and ) Tj ET Q q 0 0 0 rg BT 527.05 568.90 Td (credits. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 543.70 Td (In ) Tj ET Q q 0 0 0 rg BT 61.64 543.70 Td (certain ) Tj ET Q q 0 0 0 rg BT 97.63 543.70 Td (states, ) Tj ET Q q 0 0 0 rg BT 133.00 543.70 Td (the ) Tj ET Q q 0 0 0 rg BT 151.26 543.70 Td (Company ) Tj ET Q q 0 0 0 rg BT 201.30 543.70 Td (is ) Tj ET Q q 0 0 0 rg BT 212.22 543.70 Td (taxed ) Tj ET Q q 0 0 0 rg BT 242.09 543.70 Td (based ) Tj ET Q q 0 0 0 rg BT 275.03 543.70 Td (upon ) Tj ET Q q 0 0 0 rg BT 302.47 543.70 Td (shareholder ) Tj ET Q q 0 0 0 rg BT 363.53 543.70 Td (equity ) Tj ET Q q 0 0 0 rg BT 395.85 543.70 Td (or ) Tj ET Q q 0 0 0 rg BT 408.60 543.70 Td (other ) Tj ET Q q 0 0 0 rg BT 436.64 543.70 Td (enterprise ) Tj ET Q q 0 0 0 rg BT 488.53 543.70 Td (considerations. ) Tj ET Q q 0 0 0 rg BT 565.57 543.70 Td ( ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 530.50 Td (In ) Tj ET Q q 0 0 0 rg BT 61.59 530.50 Td (those ) Tj ET Q q 0 0 0 rg BT 91.42 530.50 Td (instances ) Tj ET Q q 0 0 0 rg BT 140.80 530.50 Td (the ) Tj ET Q q 0 0 0 rg BT 159.01 530.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 209.00 530.50 Td (records ) Tj ET Q q 0 0 0 rg BT 248.60 530.50 Td (and ) Tj ET Q q 0 0 0 rg BT 269.87 530.50 Td (pays ) Tj ET Q q 0 0 0 rg BT 296.02 530.50 Td (the ) Tj ET Q q 0 0 0 rg BT 314.23 530.50 Td (applicable ) Tj ET Q q 0 0 0 rg BT 366.68 530.50 Td (tax ) Tj ET Q q 0 0 0 rg BT 384.27 530.50 Td (directly ) Tj ET Q q 0 0 0 rg BT 422.03 530.50 Td (to ) Tj ET Q q 0 0 0 rg BT 434.12 530.50 Td (the ) Tj ET Q q 0 0 0 rg BT 452.33 530.50 Td (state ) Tj ET Q q 0 0 0 rg BT 479.09 530.50 Td (agency) Tj ET Q q 0 0 0 rg BT 513.74 530.50 Td (. ) Tj ET Q q 0 0 0 rg BT 519.72 530.50 Td (Deferred ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 517.30 Td (income ) Tj ET Q q 0 0 0 rg BT 88.27 517.30 Td (tax ) Tj ET Q q 0 0 0 rg BT 106.24 517.30 Td (asset ) Tj ET Q q 0 0 0 rg BT 135.84 517.30 Td (or ) Tj ET Q q 0 0 0 rg BT 148.93 517.30 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 193.80 517.30 Td (are ) Tj ET Q q 0 0 0 rg BT 213.01 517.30 Td (provided ) Tj ET Q q 0 0 0 rg BT 258.51 517.30 Td (for ) Tj ET Q q 0 0 0 rg BT 274.65 517.30 Td (temporary ) Tj ET Q q 0 0 0 rg BT 327.47 517.30 Td (dif) Tj ET Q q 0 0 0 rg BT 338.89 517.30 Td (ferences ) Tj ET Q q 0 0 0 rg BT 384.39 517.30 Td (arising ) Tj ET Q q 0 0 0 rg BT 420.09 517.30 Td (from ) Tj ET Q q 0 0 0 rg BT 445.40 517.30 Td (dif) Tj ET Q q 0 0 0 rg BT 456.82 517.30 Td (ferences ) Tj ET Q q 0 0 0 rg BT 502.31 517.30 Td (between ) Tj ET Q q 0 0 0 rg BT 547.21 517.30 Td (the ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 504.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 92.45 504.10 Td (statement ) Tj ET Q q 0 0 0 rg BT 143.35 504.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 182.64 504.10 Td (and ) Tj ET Q q 0 0 0 rg BT 203.58 504.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 220.85 504.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 249.13 504.10 Td (of ) Tj ET Q q 0 0 0 rg BT 260.90 504.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 295.28 504.10 Td (and ) Tj ET Q q 0 0 0 rg BT 316.23 504.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 360.40 504.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 400.29 504.10 Td (at ) Tj ET Q q 0 0 0 rg BT 412.06 504.10 Td (each ) Tj ET Q q 0 0 0 rg BT 438.51 504.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 479.64 504.10 Td (sheet ) Tj ET Q q 0 0 0 rg BT 509.14 504.10 Td (date, ) Tj ET Q q 0 0 0 rg BT 536.20 504.10 Td (using ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 490.90 Td (enacted ) Tj ET Q q 0 0 0 rg BT 92.20 490.90 Td (tax ) Tj ET Q q 0 0 0 rg BT 110.42 490.90 Td (rates ) Tj ET Q q 0 0 0 rg BT 138.43 490.90 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 195.19 490.90 Td (to ) Tj ET Q q 0 0 0 rg BT 207.91 490.90 Td (be ) Tj ET Q q 0 0 0 rg BT 223.70 490.90 Td (in ) Tj ET Q q 0 0 0 rg BT 235.81 490.90 Td (ef) Tj ET Q q 0 0 0 rg BT 244.79 490.90 Td (fect ) Tj ET Q q 0 0 0 rg BT 266.07 490.90 Td (when ) Tj ET Q q 0 0 0 rg BT 295.92 490.90 Td (the ) Tj ET Q q 0 0 0 rg BT 314.76 490.90 Td (related ) Tj ET Q q 0 0 0 rg BT 351.95 490.90 Td (taxes ) Tj ET Q q 0 0 0 rg BT 381.79 490.90 Td (are ) Tj ET Q q 0 0 0 rg BT 401.24 490.90 Td (expected ) Tj ET Q q 0 0 0 rg BT 449.44 490.90 Td (to ) Tj ET Q q 0 0 0 rg BT 462.16 490.90 Td (be ) Tj ET Q q 0 0 0 rg BT 477.95 490.90 Td (paid. ) Tj ET Q q 0 0 0 rg BT 505.35 490.90 Td ( ) Tj ET Q q 0 0 0 rg BT 508.20 490.90 Td (A) Tj ET Q q 0 0 0 rg BT 514.93 490.90 Td ( ) Tj ET Q q 0 0 0 rg BT 518.48 490.90 Td (valuation ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 477.70 Td (allowance ) Tj ET Q q 0 0 0 rg BT 100.78 477.70 Td (is ) Tj ET Q q 0 0 0 rg BT 111.08 477.70 Td (established ) Tj ET Q q 0 0 0 rg BT 169.09 477.70 Td (if ) Tj ET Q q 0 0 0 rg BT 176.95 477.70 Td (it ) Tj ET Q q 0 0 0 rg BT 184.80 477.70 Td (is ) Tj ET Q q 0 0 0 rg BT 195.10 477.70 Td (more ) Tj ET Q q 0 0 0 rg BT 222.52 477.70 Td (likely ) Tj ET Q q 0 0 0 rg BT 249.33 477.70 Td (than ) Tj ET Q q 0 0 0 rg BT 273.10 477.70 Td (not ) Tj ET Q q 0 0 0 rg BT 290.75 477.70 Td (that ) Tj ET Q q 0 0 0 rg BT 311.45 477.70 Td (a ) Tj ET Q q 0 0 0 rg BT 319.93 477.70 Td (deferred ) Tj ET Q q 0 0 0 rg BT 363.26 477.70 Td (tax ) Tj ET Q q 0 0 0 rg BT 380.29 477.70 Td (asset ) Tj ET Q q 0 0 0 rg BT 408.94 477.70 Td (will ) Tj ET Q q 0 0 0 rg BT 426.57 477.70 Td (not ) Tj ET Q q 0 0 0 rg BT 444.22 477.70 Td (be ) Tj ET Q q 0 0 0 rg BT 458.81 477.70 Td (realized. ) Tj ET Q q 0 0 0 rg BT 502.75 477.70 Td ( ) Tj ET Q q 0 0 0 rg BT 505.11 477.70 Td (No ) Tj ET Q q 0 0 0 rg BT 521.53 477.70 Td (deferred ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 464.50 Td (taxes ) Tj ET Q q 0 0 0 rg BT 78.14 464.50 Td (have ) Tj ET Q q 0 0 0 rg BT 104.33 464.50 Td (been ) Tj ET Q q 0 0 0 rg BT 131.15 464.50 Td (recorded ) Tj ET Q q 0 0 0 rg BT 176.91 464.50 Td (as ) Tj ET Q q 0 0 0 rg BT 190.87 464.50 Td (of ) Tj ET Q q 0 0 0 rg BT 202.39 464.50 Td (December ) Tj ET Q q 0 0 0 rg BT 255.47 464.50 Td (31, ) Tj ET Q q 0 0 0 rg BT 273.11 464.50 Td (2015 ) Tj ET Q q 0 0 0 rg BT 299.92 464.50 Td (and ) Tj ET Q q 0 0 0 rg BT 320.62 464.50 Td (2014, ) Tj ET Q q 0 0 0 rg BT 350.49 464.50 Td (respectively) Tj ET Q q 0 0 0 rg BT 407.75 464.50 Td (. ) Tj ET Q q 0 0 0 rg BT 413.00 464.50 Td (The ) Tj ET Q q 0 0 0 rg BT 434.30 464.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 483.72 464.50 Td (includes ) Tj ET Q q 0 0 0 rg BT 526.42 464.50 Td (interest ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 451.30 Td (and ) Tj ET Q q 0 0 0 rg BT 71.17 451.30 Td (penalties ) Tj ET Q q 0 0 0 rg BT 118.51 451.30 Td (related ) Tj ET Q q 0 0 0 rg BT 155.46 451.30 Td (to ) Tj ET Q q 0 0 0 rg BT 167.95 451.30 Td (state ) Tj ET Q q 0 0 0 rg BT 195.11 451.30 Td (tax ) Tj ET Q q 0 0 0 rg BT 213.10 451.30 Td (as ) Tj ET Q q 0 0 0 rg BT 228.03 451.30 Td (a ) Tj ET Q q 0 0 0 rg BT 237.47 451.30 Td (component ) Tj ET Q q 0 0 0 rg BT 295.21 451.30 Td (of ) Tj ET Q q 0 0 0 rg BT 307.69 451.30 Td (income ) Tj ET Q q 0 0 0 rg BT 346.47 451.30 Td (tax ) Tj ET Q q 0 0 0 rg BT 364.46 451.30 Td (expense. ) Tj ET Q q 0 0 0 rg BT 412.42 451.30 Td ( ) Tj ET Q q 0 0 0 rg BT 415.07 451.30 Td (As ) Tj ET Q q 0 0 0 rg BT 431.22 451.30 Td (of ) Tj ET Q q 0 0 0 rg BT 443.71 451.30 Td (December ) Tj ET Q q 0 0 0 rg BT 497.77 451.30 Td (31, ) Tj ET Q q 0 0 0 rg BT 516.37 451.30 Td (2015, ) Tj ET Q q 0 0 0 rg BT 547.21 451.30 Td (the ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 438.10 Td (Company) Tj ET Q q 0 0 0 rg BT 98.82 438.10 Td (s ) Tj ET Q q 0 0 0 rg BT 107.15 438.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 124.64 438.10 Td (years ) Tj ET Q q 0 0 0 rg BT 154.36 438.10 Td (of ) Tj ET Q q 0 0 0 rg BT 166.36 438.10 Td (2012 ) Tj ET Q q 0 0 0 rg BT 193.66 438.10 Td (through ) Tj ET Q q 0 0 0 rg BT 233.79 438.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 261.08 438.10 Td (are ) Tj ET Q q 0 0 0 rg BT 279.80 438.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 317.48 438.10 Td (to ) Tj ET Q q 0 0 0 rg BT 329.48 438.10 Td (examination ) Tj ET Q q 0 0 0 rg BT 391.61 438.10 Td (by ) Tj ET Q q 0 0 0 rg BT 406.05 438.10 Td (the ) Tj ET Q q 0 0 0 rg BT 424.17 438.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 476.53 438.10 Td (taxing ) Tj ET Q q 0 0 0 rg BT 508.70 438.10 Td (authorities.) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 412.90 Td (The ) Tj ET Q q 0 0 0 rg BT 74.13 412.90 Td (Company ) Tj ET Q q 0 0 0 rg BT 126.89 412.90 Td (applies ) Tj ET Q q 0 0 0 rg BT 167.43 412.90 Td (the ) Tj ET Q q 0 0 0 rg BT 188.40 412.90 Td (Financial ) Tj ET Q q 0 0 0 rg BT 236.97 412.90 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 297.08 412.90 Td (Standards ) Tj ET Q q 0 0 0 rg BT 352.90 412.90 Td (Board) Tj ET Q q 0 0 0 rg BT 384.50 412.90 Td (s ) Tj ET Q q 0 0 0 rg BT 395.68 412.90 Td (\(F) Tj ET Q q 0 0 0 rg BT 409.12 412.90 Td (ASB\) ) Tj ET Q q 0 0 0 rg BT 444.14 412.90 Td (requirements ) Tj ET Q q 0 0 0 rg BT 514.01 412.90 Td (related ) Tj ET Q q 0 0 0 rg BT 553.32 412.90 Td (to ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 399.70 Td (accounting ) Tj ET Q q 0 0 0 rg BT 106.45 399.70 Td (for ) Tj ET Q q 0 0 0 rg BT 123.03 399.70 Td (uncertain ) Tj ET Q q 0 0 0 rg BT 172.03 399.70 Td (tax ) Tj ET Q q 0 0 0 rg BT 190.45 399.70 Td (positions. ) Tj ET Q q 0 0 0 rg BT 240.67 399.70 Td (During ) Tj ET Q q 0 0 0 rg BT 276.82 399.70 Td (the ) Tj ET Q q 0 0 0 rg BT 295.85 399.70 Td (years ) Tj ET Q q 0 0 0 rg BT 326.50 399.70 Td (ended ) Tj ET Q q 0 0 0 rg BT 360.83 399.70 Td (December ) Tj ET Q q 0 0 0 rg BT 415.32 399.70 Td (31, ) Tj ET Q q 0 0 0 rg BT 434.35 399.70 Td (2015, ) Tj ET Q q 0 0 0 rg BT 465.63 399.70 Td (2014 ) Tj ET Q q 0 0 0 rg BT 493.84 399.70 Td (and ) Tj ET Q q 0 0 0 rg BT 515.94 399.70 Td (2013, ) Tj ET Q q 0 0 0 rg BT 547.21 399.70 Td (the ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 386.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 99.37 386.50 Td (has ) Tj ET Q q 0 0 0 rg BT 119.90 386.50 Td (concluded ) Tj ET Q q 0 0 0 rg BT 172.84 386.50 Td (that ) Tj ET Q q 0 0 0 rg BT 193.98 386.50 Td (there ) Tj ET Q q 0 0 0 rg BT 221.84 386.50 Td (are ) Tj ET Q q 0 0 0 rg BT 240.53 386.50 Td (no ) Tj ET Q q 0 0 0 rg BT 255.56 386.50 Td (significant ) Tj ET Q q 0 0 0 rg BT 307.27 386.50 Td (uncertain ) Tj ET Q q 0 0 0 rg BT 355.31 386.50 Td (tax ) Tj ET Q q 0 0 0 rg BT 372.78 386.50 Td (positions ) Tj ET Q q 0 0 0 rg BT 418.98 386.50 Td (that ) Tj ET Q q 0 0 0 rg BT 440.12 386.50 Td (would ) Tj ET Q q 0 0 0 rg BT 471.66 386.50 Td (require ) Tj ET Q q 0 0 0 rg BT 508.69 386.50 Td (recognition ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 373.30 Td (or ) Tj ET Q q 0 0 0 rg BT 62.79 373.30 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 115.83 373.30 Td (in ) Tj ET Q q 0 0 0 rg BT 127.91 373.30 Td (the ) Tj ET Q q 0 0 0 rg BT 146.71 373.30 Td (financial ) Tj ET Q q 0 0 0 rg BT 190.58 373.30 Td (statements. ) Tj ET Q q 0 0 0 rg BT 250.26 373.30 Td (As ) Tj ET Q q 0 0 0 rg BT 266.61 373.30 Td (of ) Tj ET Q q 0 0 0 rg BT 279.30 373.30 Td (December31, ) Tj ET Q q 0 0 0 rg BT 351.90 373.30 Td (2015 ) Tj ET Q q 0 0 0 rg BT 379.89 373.30 Td (and ) Tj ET Q q 0 0 0 rg BT 401.75 373.30 Td (2014, ) Tj ET Q q 0 0 0 rg BT 432.79 373.30 Td (respectively) Tj ET Q q 0 0 0 rg BT 490.06 373.30 Td (, ) Tj ET Q q 0 0 0 rg BT 496.63 373.30 Td (the ) Tj ET Q q 0 0 0 rg BT 515.43 373.30 Td (Company ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 360.10 Td (made ) Tj ET Q q 0 0 0 rg BT 80.07 360.10 Td (no ) Tj ET Q q 0 0 0 rg BT 95.36 360.10 Td (provision ) Tj ET Q q 0 0 0 rg BT 142.44 360.10 Td (for ) Tj ET Q q 0 0 0 rg BT 158.33 360.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 197.46 360.10 Td (or ) Tj ET Q q 0 0 0 rg BT 210.30 360.10 Td (penalties ) Tj ET Q q 0 0 0 rg BT 257.39 360.10 Td (related ) Tj ET Q q 0 0 0 rg BT 294.08 360.10 Td (to ) Tj ET Q q 0 0 0 rg BT 306.31 360.10 Td (uncertain ) Tj ET Q q 0 0 0 rg BT 354.62 360.10 Td (positions.) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 49.50 333.70 Td (Reclassifications) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 308.50 Td (Certain ) Tj ET Q q 0 0 0 rg BT 88.09 308.50 Td (reclassifications ) Tj ET Q q 0 0 0 rg BT 168.85 308.50 Td (have ) Tj ET Q q 0 0 0 rg BT 195.83 308.50 Td (been ) Tj ET Q q 0 0 0 rg BT 223.43 308.50 Td (made ) Tj ET Q q 0 0 0 rg BT 254.07 308.50 Td (to ) Tj ET Q q 0 0 0 rg BT 266.37 308.50 Td (the ) Tj ET Q q 0 0 0 rg BT 284.79 308.50 Td (prior ) Tj ET Q q 0 0 0 rg BT 309.92 308.50 Td (years) Tj ET Q q 0 0 0 rg BT 338.86 308.50 Td ( ) Tj ET Q q 0 0 0 rg BT 341.98 308.50 Td (financial ) Tj ET Q q 0 0 0 rg BT 385.47 308.50 Td (statements ) Tj ET Q q 0 0 0 rg BT 442.40 308.50 Td (to ) Tj ET Q q 0 0 0 rg BT 454.70 308.50 Td (conform ) Tj ET Q q 0 0 0 rg BT 497.56 308.50 Td (to ) Tj ET Q q 0 0 0 rg BT 509.86 308.50 Td (the ) Tj ET Q q 0 0 0 rg BT 528.28 308.50 Td (current ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 295.30 Td (year ) Tj ET Q q 0 0 0 rg BT 75.31 295.30 Td (presentation. ) Tj ET Q q 0 0 0 rg BT 143.03 295.30 Td (These ) Tj ET Q q 0 0 0 rg BT 178.02 295.30 Td (reclassifications ) Tj ET Q q 0 0 0 rg BT 260.07 295.30 Td (had ) Tj ET Q q 0 0 0 rg BT 282.83 295.30 Td (no ) Tj ET Q q 0 0 0 rg BT 299.48 295.30 Td (ef) Tj ET Q q 0 0 0 rg BT 308.45 295.30 Td (fect ) Tj ET Q q 0 0 0 rg BT 330.59 295.30 Td (on ) Tj ET Q q 0 0 0 rg BT 347.24 295.30 Td (previously ) Tj ET Q q 0 0 0 rg BT 401.17 295.30 Td (reported ) Tj ET Q q 0 0 0 rg BT 446.55 295.30 Td (results ) Tj ET Q q 0 0 0 rg BT 483.36 295.30 Td (of ) Tj ET Q q 0 0 0 rg BT 496.95 295.30 Td (operations ) Tj ET Q q 0 0 0 rg BT 552.73 295.30 Td (or ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 282.10 Td (members ) Tj ET Q q 0 0 0 rg BT 98.40 282.10 Td (equity) Tj ET Q q 0 0 0 rg BT 126.94 282.10 Td (.) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 49.50 256.90 Td (New ) Tj ET Q q 0 0 0 rg BT 74.77 256.90 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 138.32 256.90 Td (Pronouncements) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 231.70 Td (In ) Tj ET Q q 0 0 0 rg BT 62.78 231.70 Td (May ) Tj ET Q q 0 0 0 rg BT 87.67 231.70 Td (2014, ) Tj ET Q q 0 0 0 rg BT 119.31 231.70 Td (the ) Tj ET Q q 0 0 0 rg BT 138.71 231.70 Td (Financial ) Tj ET Q q 0 0 0 rg BT 186.02 231.70 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 244.55 231.70 Td (Standards ) Tj ET Q q 0 0 0 rg BT 298.81 231.70 Td (Board ) Tj ET Q q 0 0 0 rg BT 332.27 231.70 Td (\(F) Tj ET Q q 0 0 0 rg BT 345.71 231.70 Td (ASB\) ) Tj ET Q q 0 0 0 rg BT 379.15 231.70 Td (issued ) Tj ET Q q 0 0 0 rg BT 414.24 231.70 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 472.78 231.70 Td (Standards ) Tj ET Q q 0 0 0 rg BT 527.03 231.70 Td (Update ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 218.50 Td (\(ASU\) ) Tj ET Q q 0 0 0 rg BT 91.02 218.50 Td (2014-09, ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 138.69 218.50 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 186.97 218.50 Td (from ) Tj ET Q q 0 0 0 rg BT 213.22 218.50 Td (Contracts ) Tj ET Q q 0 0 0 rg BT 264.54 218.50 Td (with ) Tj ET Q q 0 0 0 rg BT 288.35 218.50 Td (Customers) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 341.53 218.50 Td (. ) Tj ET Q q 0 0 0 rg BT 348.84 218.50 Td ( ) Tj ET Q q 0 0 0 rg BT 352.24 218.50 Td (As ) Tj ET Q q 0 0 0 rg BT 369.33 218.50 Td (amended ) Tj ET Q q 0 0 0 rg BT 419.44 218.50 Td (by ) Tj ET Q q 0 0 0 rg BT 434.47 218.50 Td (ASU ) Tj ET Q q 0 0 0 rg BT 461.33 218.50 Td (2015-14, ) Tj ET Q q 0 0 0 rg BT 509.01 218.50 Td (the ) Tj ET Q q 0 0 0 rg BT 527.70 218.50 Td (ASU ) Tj ET Q q 0 0 0 rg BT 554.57 218.50 Td (is ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 205.30 Td (ef) Tj ET Q q 0 0 0 rg BT 58.48 205.30 Td (fective ) Tj ET Q q 0 0 0 rg BT 91.92 205.30 Td (for ) Tj ET Q q 0 0 0 rg BT 106.41 205.30 Td (public ) Tj ET Q q 0 0 0 rg BT 136.81 205.30 Td (companies ) Tj ET Q q 0 0 0 rg BT 191.66 205.30 Td (for ) Tj ET Q q 0 0 0 rg BT 206.15 205.30 Td (annual ) Tj ET Q q 0 0 0 rg BT 240.84 205.30 Td (reporting ) Tj ET Q q 0 0 0 rg BT 285.91 205.30 Td (periods ) Tj ET Q q 0 0 0 rg BT 323.64 205.30 Td (beginning ) Tj ET Q q 0 0 0 rg BT 373.01 205.30 Td (after ) Tj ET Q q 0 0 0 rg BT 396.67 205.30 Td (December ) Tj ET Q q 0 0 0 rg BT 449.07 205.30 Td (15, ) Tj ET Q q 0 0 0 rg BT 466.01 205.30 Td (2017 ) Tj ET Q q 0 0 0 rg BT 492.14 205.30 Td (and ) Tj ET Q q 0 0 0 rg BT 512.15 205.30 Td (is ) Tj ET Q q 0 0 0 rg BT 521.74 205.30 Td (ef) Tj ET Q q 0 0 0 rg BT 530.72 205.30 Td (fective ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 192.10 Td (for ) Tj ET Q q 0 0 0 rg BT 65.16 192.10 Td (private ) Tj ET Q q 0 0 0 rg BT 101.00 192.10 Td (companies ) Tj ET Q q 0 0 0 rg BT 157.02 192.10 Td (for ) Tj ET Q q 0 0 0 rg BT 172.68 192.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 208.54 192.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 254.78 192.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 293.68 192.10 Td (beginning ) Tj ET Q q 0 0 0 rg BT 344.22 192.10 Td (after ) Tj ET Q q 0 0 0 rg BT 369.05 192.10 Td (December ) Tj ET Q q 0 0 0 rg BT 422.62 192.10 Td (15, ) Tj ET Q q 0 0 0 rg BT 440.74 192.10 Td (2018 ) Tj ET Q q 0 0 0 rg BT 468.03 192.10 Td (and ) Tj ET Q q 0 0 0 rg BT 489.21 192.10 Td (is ) Tj ET Q q 0 0 0 rg BT 499.98 192.10 Td (to ) Tj ET Q q 0 0 0 rg BT 511.98 192.10 Td (be ) Tj ET Q q 0 0 0 rg BT 527.04 192.10 Td (applied ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 178.90 Td (using ) Tj ET Q q 0 0 0 rg BT 78.54 178.90 Td (one ) Tj ET Q q 0 0 0 rg BT 99.63 178.90 Td (of ) Tj ET Q q 0 0 0 rg BT 111.54 178.90 Td (two ) Tj ET Q q 0 0 0 rg BT 131.39 178.90 Td (acceptable ) Tj ET Q q 0 0 0 rg BT 187.34 178.90 Td (methods. ) Tj ET Q q 0 0 0 rg BT 235.32 178.90 Td ( ) Tj ET Q q 0 0 0 rg BT 237.88 178.90 Td (The ) Tj ET Q q 0 0 0 rg BT 259.58 178.90 Td (Company ) Tj ET Q q 0 0 0 rg BT 309.39 178.90 Td (has ) Tj ET Q q 0 0 0 rg BT 329.87 178.90 Td (not ) Tj ET Q q 0 0 0 rg BT 347.90 178.90 Td (yet ) Tj ET Q q 0 0 0 rg BT 365.31 178.90 Td (determined ) Tj ET Q q 0 0 0 rg BT 423.08 178.90 Td (the ) Tj ET Q q 0 0 0 rg BT 441.11 178.90 Td (impact ) Tj ET Q q 0 0 0 rg BT 476.24 178.90 Td (that ) Tj ET Q q 0 0 0 rg BT 496.79 178.90 Td (ASU ) Tj ET Q q 0 0 0 rg BT 522.14 178.90 Td (2014-09 ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 165.70 Td (may ) Tj ET Q q 0 0 0 rg BT 73.34 165.70 Td (have ) Tj ET Q q 0 0 0 rg BT 100.25 165.70 Td (on ) Tj ET Q q 0 0 0 rg BT 115.54 165.70 Td (its ) Tj ET Q q 0 0 0 rg BT 129.59 165.70 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 194.42 165.70 Td (financial ) Tj ET Q q 0 0 0 rg BT 237.83 165.70 Td (statements. ) Tj ET Q q 0 0 0 rg BT 297.75 165.70 Td ( ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 140.50 Td (The ) Tj ET Q q 0 0 0 rg BT 70.64 140.50 Td (F) Tj ET Q q 0 0 0 rg BT 76.76 140.50 Td (ASB ) Tj ET Q q 0 0 0 rg BT 100.96 140.50 Td (issued ) Tj ET Q q 0 0 0 rg BT 134.51 140.50 Td (ASU ) Tj ET Q q 0 0 0 rg BT 159.31 140.50 Td (No. ) Tj ET Q q 0 0 0 rg BT 178.62 140.50 Td (2015-02, ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 224.23 140.50 Td (Consolidation) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 290.89 140.50 Td ( ) Tj ET Q q 0 0 0 rg BT 293.08 140.50 Td (- ) Tj ET Q q 0 0 0 rg BT 298.50 140.50 Td (Amendments ) Tj ET Q q 0 0 0 rg BT 365.49 140.50 Td (to ) Tj ET Q q 0 0 0 rg BT 376.86 140.50 Td (the ) Tj ET Q q 0 0 0 rg BT 394.34 140.50 Td (Consolidation ) Tj ET Q q 0 0 0 rg BT 462.75 140.50 Td (Analysis ) Tj ET Q q 0 0 0 rg BT 505.89 140.50 Td (\(T) Tj ET Q q 0 0 0 rg BT 515.06 140.50 Td (opic ) Tj ET Q q 0 0 0 rg BT 537.43 140.50 Td (810\), ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 127.30 Td (during ) Tj ET Q q 0 0 0 rg BT 83.69 127.30 Td (the ) Tj ET Q q 0 0 0 rg BT 102.60 127.30 Td (first ) Tj ET Q q 0 0 0 rg BT 123.93 127.30 Td (quarter ) Tj ET Q q 0 0 0 rg BT 162.40 127.30 Td (of ) Tj ET Q q 0 0 0 rg BT 175.19 127.30 Td (2015. ) Tj ET Q q 0 0 0 rg BT 206.33 127.30 Td (Once ) Tj ET Q q 0 0 0 rg BT 236.23 127.30 Td (ef) Tj ET Q q 0 0 0 rg BT 245.21 127.30 Td (fective, ) Tj ET Q q 0 0 0 rg BT 283.67 127.30 Td (the ) Tj ET Q q 0 0 0 rg BT 301.86 127.30 Td (ASU ) Tj ET Q q 0 0 0 rg BT 328.09 127.30 Td (will ) Tj ET Q q 0 0 0 rg BT 346.98 127.30 Td (apply ) Tj ET Q q 0 0 0 rg BT 376.89 127.30 Td (to ) Tj ET Q q 0 0 0 rg BT 389.68 127.30 Td (the ) Tj ET Q q 0 0 0 rg BT 408.58 127.30 Td (consolidation ) Tj ET Q q 0 0 0 rg BT 476.41 127.30 Td (assessment ) Tj ET Q q 0 0 0 rg BT 538.71 127.30 Td (of ) Tj ET Q q 0 0 0 rg BT 551.50 127.30 Td (all ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 114.10 Td (entities. ) Tj ET Q q 0 0 0 rg BT 89.95 114.10 Td (The ) Tj ET Q q 0 0 0 rg BT 111.62 114.10 Td (standard ) Tj ET Q q 0 0 0 rg BT 157.14 114.10 Td (is ) Tj ET Q q 0 0 0 rg BT 167.80 114.10 Td (ef) Tj ET Q q 0 0 0 rg BT 176.77 114.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 211.28 114.10 Td (for ) Tj ET Q q 0 0 0 rg BT 226.83 114.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 272.96 114.10 Td (entities ) Tj ET Q q 0 0 0 rg BT 310.52 114.10 Td (in ) Tj ET Q q 0 0 0 rg BT 321.80 114.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 349.58 114.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 388.37 114.10 Td (beginning ) Tj ET Q q 0 0 0 rg BT 438.79 114.10 Td (after ) Tj ET Q q 0 0 0 rg BT 463.52 114.10 Td (December ) Tj ET Q q 0 0 0 rg BT 516.97 114.10 Td (15, ) Tj ET Q q 0 0 0 rg BT 534.98 114.10 Td (2016. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 100.90 Td (The ) Tj ET Q q 0 0 0 rg BT 71.97 100.90 Td (Company ) Tj ET Q q 0 0 0 rg BT 122.56 100.90 Td (does ) Tj ET Q q 0 0 0 rg BT 149.93 100.90 Td (not ) Tj ET Q q 0 0 0 rg BT 168.74 100.90 Td (expect ) Tj ET Q q 0 0 0 rg BT 204.66 100.90 Td (the ) Tj ET Q q 0 0 0 rg BT 223.47 100.90 Td (adoption ) Tj ET Q q 0 0 0 rg BT 269.19 100.90 Td (of ) Tj ET Q q 0 0 0 rg BT 281.88 100.90 Td (the ) Tj ET Q q 0 0 0 rg BT 300.69 100.90 Td (new ) Tj ET Q q 0 0 0 rg BT 324.38 100.90 Td (guidance ) Tj ET Q q 0 0 0 rg BT 372.55 100.90 Td (to ) Tj ET Q q 0 0 0 rg BT 385.24 100.90 Td (impact ) Tj ET Q q 0 0 0 rg BT 421.15 100.90 Td (the ) Tj ET Q q 0 0 0 rg BT 439.96 100.90 Td (Company) Tj ET Q q 0 0 0 rg BT 489.28 100.90 Td (s ) Tj ET Q q 0 0 0 rg BT 498.30 100.90 Td (consolidation ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 87.70 Td (policies ) Tj ET Q q 0 0 0 rg BT 89.24 87.70 Td (or ) Tj ET Q q 0 0 0 rg BT 102.08 87.70 Td (the ) Tj ET Q q 0 0 0 rg BT 120.43 87.70 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 185.25 87.70 Td (financial ) Tj ET Q q 0 0 0 rg BT 228.66 87.70 Td (statements ) Tj ET Q q 0 0 0 rg BT 285.52 87.70 Td (as ) Tj ET Q q 0 0 0 rg BT 300.20 87.70 Td (presented.) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 62.50 Td (During 2015, the F) Tj ET Q q 0 0 0 rg BT 140.00 62.50 Td (ASB issued ) Tj ET Q q 0 0 0 rg BT 199.32 62.50 Td (Accounting Standards Update No. 2015-17 - ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 418.84 62.50 Td (Income T) Tj ET Q q 0 0 0 rg BT 463.68 62.50 Td (axes) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 486.92 62.50 Td (. Currently) Tj ET Q q 0 0 0 rg BT 539.89 62.50 Td (, ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 49.30 Td (deferred tax liabilities and assets that are not related to an asset or liability for financial reporting are ) Tj ET Q endstream endobj 353 0 obj <> endobj 354 0 obj <> stream BT /F5 11.00 Tf ET q 0 0 0 rg BT 193.40 771.50 Td (CLEAN COAL) Tj ET Q q 0 0 0 rg BT 265.31 771.50 Td ( SOLUTIONS SER) Tj ET Q q 0 0 0 rg BT 358.01 771.50 Td (VICES, LLC) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 163.80 758.30 Td (NOTES T) Tj ET Q q 0 0 0 rg BT 211.27 758.30 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 288.07 758.30 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 372.19 758.30 Td ( ST) Tj ET Q q 0 0 0 rg BT 388.49 758.30 Td (A) Tj ET Q q 0 0 0 rg BT 395.62 758.30 Td (TEMENTS) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 209.65 745.10 Td (DECEMBER 31, 2015, 2014, and 2013) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 112.20 731.90 Td (\(Information as of and for the year ended December 31, 2013 is unaudited\)) Tj ET Q BT /F8 11.00 Tf ET q 0 0 0 rg BT 268.10 718.70 Td (\(in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 33.60 Td (173) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 698.50 Td (classified according to the expected reversal date of the temporary dif) Tj ET Q q 0 0 0 rg BT 388.04 698.50 Td (ference. ) Tj ET Q q 0 0 0 rg BT 433.70 698.50 Td (T) Tj ET Q q 0 0 0 rg BT 439.20 698.50 Td (o simplify the ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 685.30 Td (presentation of deferred income taxes, the amendments in this ) Tj ET Q q 0 0 0 rg BT 356.45 685.30 Td (ASU require that deferred income tax ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 672.10 Td (liabilities and assets be classified as noncurrent in a classified statement of financial position. ) Tj ET Q q 0 0 0 rg BT 504.21 672.10 Td (The ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 658.90 Td (standard is ef) Tj ET Q q 0 0 0 rg BT 115.34 658.90 Td (fective for public reporting entities with fiscal periods beginning after December 15, 2016 ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 645.70 Td (and may be applied prospectively or retrospectively to all periods presented. ) Tj ET Q q 0 0 0 rg BT 425.95 645.70 Td (The Company anticipates ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 632.50 Td (adopting the standard retrospectively commencing with the year ended December 31, 2016.) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 606.10 Td (In ) Tj ET Q q 0 0 0 rg BT 63.95 606.10 Td (February ) Tj ET Q q 0 0 0 rg BT 113.23 606.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 146.03 606.10 Td (the ) Tj ET Q q 0 0 0 rg BT 166.59 606.10 Td (F) Tj ET Q q 0 0 0 rg BT 172.71 606.10 Td (ASB ) Tj ET Q q 0 0 0 rg BT 199.99 606.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 236.01 606.10 Td (ASU ) Tj ET Q q 0 0 0 rg BT 263.90 606.10 Td (2016-02 ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 309.54 606.10 Td (Leases ) Tj ET Q q 0 0 0 rg BT 350.28 606.10 Td (\(T) Tj ET Q q 0 0 0 rg BT 359.65 606.10 Td (opic ) Tj ET Q q 0 0 0 rg BT 385.10 606.10 Td (842\) ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 412.39 606.10 Td (which ) Tj ET Q q 0 0 0 rg BT 445.79 606.10 Td (is ) Tj ET Q q 0 0 0 rg BT 459.00 606.10 Td (intended ) Tj ET Q q 0 0 0 rg BT 506.48 606.10 Td (to ) Tj ET Q q 0 0 0 rg BT 520.93 606.10 Td (increase ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 592.90 Td (transparency ) Tj ET Q q 0 0 0 rg BT 116.08 592.90 Td (and ) Tj ET Q q 0 0 0 rg BT 137.43 592.90 Td (comparability ) Tj ET Q q 0 0 0 rg BT 205.22 592.90 Td (of ) Tj ET Q q 0 0 0 rg BT 217.39 592.90 Td (accounting ) Tj ET Q q 0 0 0 rg BT 273.58 592.90 Td (for ) Tj ET Q q 0 0 0 rg BT 289.41 592.90 Td (lease ) Tj ET Q q 0 0 0 rg BT 318.70 592.90 Td (transactions. ) Tj ET Q q 0 0 0 rg BT 384.06 592.90 Td ( ) Tj ET Q q 0 0 0 rg BT 386.86 592.90 Td (The ) Tj ET Q q 0 0 0 rg BT 408.21 592.90 Td (ASU ) Tj ET Q q 0 0 0 rg BT 433.82 592.90 Td (will ) Tj ET Q q 0 0 0 rg BT 452.09 592.90 Td (require ) Tj ET Q q 0 0 0 rg BT 489.32 592.90 Td (all ) Tj ET Q q 0 0 0 rg BT 503.32 592.90 Td (leases ) Tj ET Q q 0 0 0 rg BT 538.11 592.90 Td (to ) Tj ET Q q 0 0 0 rg BT 550.27 592.90 Td (be ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 579.70 Td (recognized ) Tj ET Q q 0 0 0 rg BT 106.65 579.70 Td (on ) Tj ET Q q 0 0 0 rg BT 122.23 579.70 Td (the ) Tj ET Q q 0 0 0 rg BT 140.86 579.70 Td (balance ) Tj ET Q q 0 0 0 rg BT 182.74 579.70 Td (sheet ) Tj ET Q q 0 0 0 rg BT 212.99 579.70 Td (as ) Tj ET Q q 0 0 0 rg BT 227.95 579.70 Td (lease ) Tj ET Q q 0 0 0 rg BT 257.58 579.70 Td (assets ) Tj ET Q q 0 0 0 rg BT 292.72 579.70 Td (and ) Tj ET Q q 0 0 0 rg BT 314.41 579.70 Td (lease ) Tj ET Q q 0 0 0 rg BT 344.05 579.70 Td (liabilities. ) Tj ET Q q 0 0 0 rg BT 392.02 579.70 Td ( ) Tj ET Q q 0 0 0 rg BT 395.36 579.70 Td (Lessor ) Tj ET Q q 0 0 0 rg BT 431.72 579.70 Td (accounting ) Tj ET Q q 0 0 0 rg BT 488.27 579.70 Td (remains ) Tj ET Q q 0 0 0 rg BT 530.73 579.70 Td (similar ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 566.50 Td (to ) Tj ET Q q 0 0 0 rg BT 60.61 566.50 Td (the ) Tj ET Q q 0 0 0 rg BT 77.83 566.50 Td (current ) Tj ET Q q 0 0 0 rg BT 114.00 566.50 Td (model, ) Tj ET Q q 0 0 0 rg BT 148.95 566.50 Td (but ) Tj ET Q q 0 0 0 rg BT 166.18 566.50 Td (is ) Tj ET Q q 0 0 0 rg BT 176.06 566.50 Td (updated ) Tj ET Q q 0 0 0 rg BT 217.75 566.50 Td (to ) Tj ET Q q 0 0 0 rg BT 228.86 566.50 Td (align ) Tj ET Q q 0 0 0 rg BT 254.04 566.50 Td (with ) Tj ET Q q 0 0 0 rg BT 275.53 566.50 Td (certain ) Tj ET Q q 0 0 0 rg BT 310.48 566.50 Td (changes ) Tj ET Q q 0 0 0 rg BT 354.00 566.50 Td (to ) Tj ET Q q 0 0 0 rg BT 365.11 566.50 Td (the ) Tj ET Q q 0 0 0 rg BT 382.34 566.50 Td (lessee ) Tj ET Q q 0 0 0 rg BT 416.07 566.50 Td (model ) Tj ET Q q 0 0 0 rg BT 447.96 566.50 Td (\(e.g., ) Tj ET Q q 0 0 0 rg BT 474.96 566.50 Td (certain ) Tj ET Q q 0 0 0 rg BT 509.91 566.50 Td (definitions, ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 553.30 Td (such ) Tj ET Q q 0 0 0 rg BT 78.63 553.30 Td (as ) Tj ET Q q 0 0 0 rg BT 96.14 553.30 Td (initial ) Tj ET Q q 0 0 0 rg BT 127.09 553.30 Td (direct ) Tj ET Q q 0 0 0 rg BT 159.88 553.30 Td (costs, ) Tj ET Q q 0 0 0 rg BT 194.51 553.30 Td (have ) Tj ET Q q 0 0 0 rg BT 224.25 553.30 Td (been ) Tj ET Q q 0 0 0 rg BT 254.61 553.30 Td (updated\) ) Tj ET Q q 0 0 0 rg BT 303.93 553.30 Td (and ) Tj ET Q q 0 0 0 rg BT 328.17 553.30 Td (the ) Tj ET Q q 0 0 0 rg BT 349.36 553.30 Td (new ) Tj ET Q q 0 0 0 rg BT 375.43 553.30 Td (revenue ) Tj ET Q q 0 0 0 rg BT 421.07 553.30 Td (recognition ) Tj ET Q q 0 0 0 rg BT 480.78 553.30 Td (standard. ) Tj ET Q q 0 0 0 rg BT 532.53 553.30 Td (Lease ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 540.10 Td (classifications ) Tj ET Q q 0 0 0 rg BT 118.99 540.10 Td (by ) Tj ET Q q 0 0 0 rg BT 132.24 540.10 Td (lessors ) Tj ET Q q 0 0 0 rg BT 168.72 540.10 Td (are ) Tj ET Q q 0 0 0 rg BT 186.25 540.10 Td (similar; ) Tj ET Q q 0 0 0 rg BT 222.71 540.10 Td (operating, ) Tj ET Q q 0 0 0 rg BT 273.27 540.10 Td (direct ) Tj ET Q q 0 0 0 rg BT 301.80 540.10 Td (financing, ) Tj ET Q q 0 0 0 rg BT 350.52 540.10 Td (or ) Tj ET Q q 0 0 0 rg BT 361.93 540.10 Td (sales-type. ) Tj ET Q q 0 0 0 rg BT 416.75 540.10 Td ( ) Tj ET Q q 0 0 0 rg BT 418.39 540.10 Td (Lessees ) Tj ET Q q 0 0 0 rg BT 460.99 540.10 Td (will ) Tj ET Q q 0 0 0 rg BT 477.90 540.10 Td (need ) Tj ET Q q 0 0 0 rg BT 504.00 540.10 Td (to ) Tj ET Q q 0 0 0 rg BT 514.81 540.10 Td (recognize ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 526.90 Td (a ) Tj ET Q q 0 0 0 rg BT 57.98 526.90 Td (right-of-use ) Tj ET Q q 0 0 0 rg BT 115.98 526.90 Td (asset ) Tj ET Q q 0 0 0 rg BT 144.63 526.90 Td (and ) Tj ET Q q 0 0 0 rg BT 165.35 526.90 Td (a ) Tj ET Q q 0 0 0 rg BT 173.83 526.90 Td (lease ) Tj ET Q q 0 0 0 rg BT 202.48 526.90 Td (liability ) Tj ET Q q 0 0 0 rg BT 237.86 526.90 Td (for ) Tj ET Q q 0 0 0 rg BT 253.06 526.90 Td (virtually ) Tj ET Q q 0 0 0 rg BT 292.71 526.90 Td (all ) Tj ET Q q 0 0 0 rg BT 306.07 526.90 Td (of ) Tj ET Q q 0 0 0 rg BT 317.61 526.90 Td (their ) Tj ET Q q 0 0 0 rg BT 341.37 526.90 Td (leases. ) Tj ET Q q 0 0 0 rg BT 378.43 526.90 Td (The ) Tj ET Q q 0 0 0 rg BT 399.75 526.90 Td (liability ) Tj ET Q q 0 0 0 rg BT 435.12 526.90 Td (will ) Tj ET Q q 0 0 0 rg BT 452.76 526.90 Td (be ) Tj ET Q q 0 0 0 rg BT 467.36 526.90 Td (equal ) Tj ET Q q 0 0 0 rg BT 496.63 526.90 Td (to ) Tj ET Q q 0 0 0 rg BT 508.17 526.90 Td (the ) Tj ET Q q 0 0 0 rg BT 525.82 526.90 Td (present ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 513.70 Td (value ) Tj ET Q q 0 0 0 rg BT 79.22 513.70 Td (of ) Tj ET Q q 0 0 0 rg BT 91.81 513.70 Td (lease ) Tj ET Q q 0 0 0 rg BT 121.53 513.70 Td (payments. ) Tj ET Q q 0 0 0 rg BT 175.47 513.70 Td (The ) Tj ET Q q 0 0 0 rg BT 197.85 513.70 Td (asset ) Tj ET Q q 0 0 0 rg BT 227.56 513.70 Td (will ) Tj ET Q q 0 0 0 rg BT 246.26 513.70 Td (be ) Tj ET Q q 0 0 0 rg BT 261.91 513.70 Td (based ) Tj ET Q q 0 0 0 rg BT 295.30 513.70 Td (on ) Tj ET Q q 0 0 0 rg BT 310.96 513.70 Td (the ) Tj ET Q q 0 0 0 rg BT 329.67 513.70 Td (liability) Tj ET Q q 0 0 0 rg BT 361.86 513.70 Td (, ) Tj ET Q q 0 0 0 rg BT 368.34 513.70 Td (subject ) Tj ET Q q 0 0 0 rg BT 406.61 513.70 Td (to ) Tj ET Q q 0 0 0 rg BT 419.21 513.70 Td (adjustment, ) Tj ET Q q 0 0 0 rg BT 479.49 513.70 Td (such ) Tj ET Q q 0 0 0 rg BT 506.15 513.70 Td (as ) Tj ET Q q 0 0 0 rg BT 521.19 513.70 Td (for ) Tj ET Q q 0 0 0 rg BT 537.44 513.70 Td (initial ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 500.50 Td (direct ) Tj ET Q q 0 0 0 rg BT 77.93 500.50 Td (costs. ) Tj ET Q q 0 0 0 rg BT 108.19 500.50 Td (For ) Tj ET Q q 0 0 0 rg BT 126.22 500.50 Td (income ) Tj ET Q q 0 0 0 rg BT 163.21 500.50 Td (statement ) Tj ET Q q 0 0 0 rg BT 213.04 500.50 Td (purposes, ) Tj ET Q q 0 0 0 rg BT 262.88 500.50 Td (the ) Tj ET Q q 0 0 0 rg BT 279.70 500.50 Td (F) Tj ET Q q 0 0 0 rg BT 285.81 500.50 Td (ASB ) Tj ET Q q 0 0 0 rg BT 309.35 500.50 Td (retained ) Tj ET Q q 0 0 0 rg BT 350.63 500.50 Td (a ) Tj ET Q q 0 0 0 rg BT 358.28 500.50 Td (dual ) Tj ET Q q 0 0 0 rg BT 380.61 500.50 Td (model, ) Tj ET Q q 0 0 0 rg BT 415.15 500.50 Td (requiring ) Tj ET Q q 0 0 0 rg BT 459.48 500.50 Td (leases ) Tj ET Q q 0 0 0 rg BT 492.81 500.50 Td (to ) Tj ET Q q 0 0 0 rg BT 503.51 500.50 Td (be ) Tj ET Q q 0 0 0 rg BT 517.28 500.50 Td (classified ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 487.30 Td (as ) Tj ET Q q 0 0 0 rg BT 63.60 487.30 Td (either ) Tj ET Q q 0 0 0 rg BT 93.60 487.30 Td (operating ) Tj ET Q q 0 0 0 rg BT 141.95 487.30 Td (or ) Tj ET Q q 0 0 0 rg BT 154.21 487.30 Td (finance. ) Tj ET Q q 0 0 0 rg BT 195.22 487.30 Td (Classification ) Tj ET Q q 0 0 0 rg BT 262.50 487.30 Td (will ) Tj ET Q q 0 0 0 rg BT 280.26 487.30 Td (be ) Tj ET Q q 0 0 0 rg BT 294.98 487.30 Td (based ) Tj ET Q q 0 0 0 rg BT 327.43 487.30 Td (on ) Tj ET Q q 0 0 0 rg BT 342.14 487.30 Td (criteria ) Tj ET Q q 0 0 0 rg BT 377.63 487.30 Td (that ) Tj ET Q q 0 0 0 rg BT 398.46 487.30 Td (are ) Tj ET Q q 0 0 0 rg BT 416.84 487.30 Td (largely ) Tj ET Q q 0 0 0 rg BT 451.73 487.30 Td (similar ) Tj ET Q q 0 0 0 rg BT 485.98 487.30 Td (to ) Tj ET Q q 0 0 0 rg BT 497.64 487.30 Td (those ) Tj ET Q q 0 0 0 rg BT 527.03 487.30 Td (applied ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 474.10 Td (in ) Tj ET Q q 0 0 0 rg BT 62.33 474.10 Td (current ) Tj ET Q q 0 0 0 rg BT 100.84 474.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 131.41 474.10 Td (accounting, ) Tj ET Q q 0 0 0 rg BT 191.95 474.10 Td (but ) Tj ET Q q 0 0 0 rg BT 211.51 474.10 Td (without ) Tj ET Q q 0 0 0 rg BT 250.64 474.10 Td (explicit ) Tj ET Q q 0 0 0 rg BT 288.53 474.10 Td (thresholds. ) Tj ET Q q 0 0 0 rg BT 346.61 474.10 Td ( ) Tj ET Q q 0 0 0 rg BT 350.61 474.10 Td (The ) Tj ET Q q 0 0 0 rg BT 372.98 474.10 Td (ASU ) Tj ET Q q 0 0 0 rg BT 399.87 474.10 Td (will ) Tj ET Q q 0 0 0 rg BT 419.42 474.10 Td (require ) Tj ET Q q 0 0 0 rg BT 457.94 474.10 Td (both ) Tj ET Q q 0 0 0 rg BT 483.62 474.10 Td (quantitative ) Tj ET Q q 0 0 0 rg BT 544.15 474.10 Td (and ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 460.90 Td (qualitative ) Tj ET Q q 0 0 0 rg BT 102.09 460.90 Td (disclosures ) Tj ET Q q 0 0 0 rg BT 160.17 460.90 Td (regarding ) Tj ET Q q 0 0 0 rg BT 209.70 460.90 Td (key ) Tj ET Q q 0 0 0 rg BT 229.87 460.90 Td (information ) Tj ET Q q 0 0 0 rg BT 287.34 460.90 Td (about ) Tj ET Q q 0 0 0 rg BT 317.93 460.90 Td (leasing ) Tj ET Q q 0 0 0 rg BT 355.84 460.90 Td (arrangements.) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 435.70 Td (The ) Tj ET Q q 0 0 0 rg BT 72.33 435.70 Td (standard ) Tj ET Q q 0 0 0 rg BT 119.01 435.70 Td (is ) Tj ET Q q 0 0 0 rg BT 130.83 435.70 Td (ef) Tj ET Q q 0 0 0 rg BT 139.80 435.70 Td (fective ) Tj ET Q q 0 0 0 rg BT 175.47 435.70 Td (for ) Tj ET Q q 0 0 0 rg BT 192.18 435.70 Td (the ) Tj ET Q q 0 0 0 rg BT 211.35 435.70 Td (Company ) Tj ET Q q 0 0 0 rg BT 262.30 435.70 Td (for ) Tj ET Q q 0 0 0 rg BT 279.01 435.70 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 307.94 435.70 Td (years, ) Tj ET Q q 0 0 0 rg BT 341.77 435.70 Td (and ) Tj ET Q q 0 0 0 rg BT 364.00 435.70 Td (interim ) Tj ET Q q 0 0 0 rg BT 400.88 435.70 Td (periods ) Tj ET Q q 0 0 0 rg BT 440.83 435.70 Td (within ) Tj ET Q q 0 0 0 rg BT 472.83 435.70 Td (those ) Tj ET Q q 0 0 0 rg BT 503.61 435.70 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 532.55 435.70 Td (years, ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 422.50 Td (beginning ) Tj ET Q q 0 0 0 rg BT 99.99 422.50 Td (after ) Tj ET Q q 0 0 0 rg BT 124.78 422.50 Td (December ) Tj ET Q q 0 0 0 rg BT 178.30 422.50 Td (15, ) Tj ET Q q 0 0 0 rg BT 196.38 422.50 Td (2018. ) Tj ET Q q 0 0 0 rg BT 226.68 422.50 Td (Early ) Tj ET Q q 0 0 0 rg BT 254.52 422.50 Td (adoption ) Tj ET Q q 0 0 0 rg BT 299.51 422.50 Td (is ) Tj ET Q q 0 0 0 rg BT 310.23 422.50 Td (permitted. ) Tj ET Q q 0 0 0 rg BT 361.74 422.50 Td (The ) Tj ET Q q 0 0 0 rg BT 383.48 422.50 Td (new ) Tj ET Q q 0 0 0 rg BT 406.44 422.50 Td (standard ) Tj ET Q q 0 0 0 rg BT 452.03 422.50 Td (must ) Tj ET Q q 0 0 0 rg BT 478.64 422.50 Td (be ) Tj ET Q q 0 0 0 rg BT 493.66 422.50 Td (adopted ) Tj ET Q q 0 0 0 rg BT 536.20 422.50 Td (using ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 409.30 Td (a ) Tj ET Q q 0 0 0 rg BT 58.67 409.30 Td (modified ) Tj ET Q q 0 0 0 rg BT 103.31 409.30 Td (retrospective ) Tj ET Q q 0 0 0 rg BT 169.33 409.30 Td (transition, ) Tj ET Q q 0 0 0 rg BT 220.08 409.30 Td (and ) Tj ET Q q 0 0 0 rg BT 241.49 409.30 Td (provides ) Tj ET Q q 0 0 0 rg BT 286.12 409.30 Td (for ) Tj ET Q q 0 0 0 rg BT 302.02 409.30 Td (certain ) Tj ET Q q 0 0 0 rg BT 338.09 409.30 Td (practical ) Tj ET Q q 0 0 0 rg BT 382.10 409.30 Td (expedients. ) Tj ET Q q 0 0 0 rg BT 441.22 409.30 Td (T) Tj ET Q q 0 0 0 rg BT 447.54 409.30 Td (ransition ) Tj ET Q q 0 0 0 rg BT 492.17 409.30 Td (will ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 396.10 Td (require ) Tj ET Q q 0 0 0 rg BT 88.19 396.10 Td (application ) Tj ET Q q 0 0 0 rg BT 145.23 396.10 Td (of ) Tj ET Q q 0 0 0 rg BT 158.86 396.10 Td (the ) Tj ET Q q 0 0 0 rg BT 178.60 396.10 Td (new ) Tj ET Q q 0 0 0 rg BT 203.23 396.10 Td (guidance ) Tj ET Q q 0 0 0 rg BT 252.33 396.10 Td (at ) Tj ET Q q 0 0 0 rg BT 265.95 396.10 Td (the ) Tj ET Q q 0 0 0 rg BT 285.69 396.10 Td (beginning ) Tj ET Q q 0 0 0 rg BT 337.85 396.10 Td (of ) Tj ET Q q 0 0 0 rg BT 351.48 396.10 Td (the ) Tj ET Q q 0 0 0 rg BT 371.22 396.10 Td (earliest ) Tj ET Q q 0 0 0 rg BT 411.13 396.10 Td (comparative ) Tj ET Q q 0 0 0 rg BT 475.49 396.10 Td (period ) Tj ET Q q 0 0 0 rg BT 510.52 396.10 Td (presented. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 382.90 Td (Management ) Tj ET Q q 0 0 0 rg BT 116.76 382.90 Td (is ) Tj ET Q q 0 0 0 rg BT 127.76 382.90 Td (currently ) Tj ET Q q 0 0 0 rg BT 173.00 382.90 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 226.20 382.90 Td (the ) Tj ET Q q 0 0 0 rg BT 244.55 382.90 Td (ef) Tj ET Q q 0 0 0 rg BT 253.53 382.90 Td (fect ) Tj ET Q q 0 0 0 rg BT 274.31 382.90 Td (of ) Tj ET Q q 0 0 0 rg BT 286.54 382.90 Td (this ) Tj ET Q q 0 0 0 rg BT 306.11 382.90 Td (ASU ) Tj ET Q q 0 0 0 rg BT 331.78 382.90 Td (on ) Tj ET Q q 0 0 0 rg BT 347.07 382.90 Td (its ) Tj ET Q q 0 0 0 rg BT 361.13 382.90 Td (financial ) Tj ET Q q 0 0 0 rg BT 404.55 382.90 Td (statements ) Tj ET Q q 0 0 0 rg BT 461.40 382.90 Td (and ) Tj ET Q q 0 0 0 rg BT 482.81 382.90 Td (disclosures.) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 49.50 343.30 Td (NOTE ) Tj ET Q q 0 0 0 rg BT 83.11 343.30 Td (2 ) Tj ET Q q 0 0 0 rg BT 92.29 343.30 Td (- ) Tj ET Q q 0 0 0 rg BT 99.01 343.30 Td (INVENT) Tj ET Q q 0 0 0 rg BT 139.14 343.30 Td (OR) Tj ET Q q 0 0 0 rg BT 155.24 343.30 Td (Y) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 316.90 Td (Inventory consists primarily of feedstock coal and Chemicals used in the production of refined coal at RC ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 303.70 Td (Facilities leased by VIEs and operated by the Company) Tj ET Q q 0 0 0 rg BT 318.95 303.70 Td (. Inventory is valued at average cost. ) Tj ET Q q 0 0 0 rg BT 500.96 303.70 Td (The ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 290.50 Td (Company assesses the inventory valuation on a monthly basis and reduces the value for any obsolete ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 277.30 Td (inventory) Tj ET Q q 0 0 0 rg BT 93.32 277.30 Td (. No valuation allowance was considered necessary as of December 31, 2015 and 2014. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 264.10 Td (Inventory consisted of the following at December 31, 2015 and 2014:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323.5 199.20000000000005 m 403.5 199.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 199.20000000000005 m 487.5 199.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 199.20000000000005 m 487.5 199.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 171.20000000000005 m 487.5 171.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323.5 171.20000000000005 m 403.5 171.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323.5 158.20000000000005 m 403.5 158.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323.5 156.20000000000005 m 403.5 156.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 171.20000000000005 m 487.5 171.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 158.20000000000005 m 487.5 158.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 156.20000000000005 m 487.5 156.20000000000005 l s BT /F5 11.00 Tf ET q 0 0 0 rg BT 350.75 204.04 Td (2015) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 434.75 204.04 Td (2014) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 126.00 188.69 Td (Feedstock coal inventory) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 326.00 188.69 Td ($) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 365.65 188.69 Td (72,444) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 410.00 188.69 Td ($) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 449.65 188.69 Td (53,373) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 126.00 174.69 Td (Chemicals) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 380.90 174.69 Td (910) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 464.90 174.69 Td (881) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 326.00 160.69 Td ($) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 365.65 160.69 Td (73,354) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 410.00 160.69 Td ($) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 449.65 160.69 Td (54,254) Tj ET Q BT /F1 10.00 Tf ET BT /F5 11.00 Tf ET q 0 0 0 rg BT 49.50 118.10 Td (NOTE ) Tj ET Q q 0 0 0 rg BT 83.11 118.10 Td (3 ) Tj ET Q q 0 0 0 rg BT 92.29 118.10 Td (- ) Tj ET Q q 0 0 0 rg BT 99.01 118.10 Td (FIXED ) Tj ET Q q 0 0 0 rg BT 134.05 118.10 Td (ASSETS) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 91.70 Td (Fixed ) Tj ET Q q 0 0 0 rg BT 81.80 91.70 Td (assets ) Tj ET Q q 0 0 0 rg BT 119.00 91.70 Td (are ) Tj ET Q q 0 0 0 rg BT 140.30 91.70 Td (comprised ) Tj ET Q q 0 0 0 rg BT 196.44 91.70 Td (of ) Tj ET Q q 0 0 0 rg BT 211.02 91.70 Td (utility ) Tj ET Q q 0 0 0 rg BT 241.48 91.70 Td (vehicles, ) Tj ET Q q 0 0 0 rg BT 289.68 91.70 Td (facility ) Tj ET Q q 0 0 0 rg BT 325.65 91.70 Td (spare ) Tj ET Q q 0 0 0 rg BT 358.57 91.70 Td (parts, ) Tj ET Q q 0 0 0 rg BT 391.48 91.70 Td (of) Tj ET Q q 0 0 0 rg BT 400.46 91.70 Td (fice ) Tj ET Q q 0 0 0 rg BT 422.98 91.70 Td (furniture ) Tj ET Q q 0 0 0 rg BT 468.74 91.70 Td (and ) Tj ET Q q 0 0 0 rg BT 492.49 91.70 Td (fixtures, ) Tj ET Q q 0 0 0 rg BT 536.41 91.70 Td (of) Tj ET Q q 0 0 0 rg BT 545.38 91.70 Td (fice ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 78.50 Td (equipment, ) Tj ET Q q 0 0 0 rg BT 107.32 78.50 Td (and ) Tj ET Q q 0 0 0 rg BT 129.07 78.50 Td (asset ) Tj ET Q q 0 0 0 rg BT 158.75 78.50 Td (retirement ) Tj ET Q q 0 0 0 rg BT 211.66 78.50 Td (obligations ) Tj ET Q q 0 0 0 rg BT 267.65 78.50 Td (\("ARO"\). ) Tj ET Q q 0 0 0 rg BT 312.85 78.50 Td (The ) Tj ET Q q 0 0 0 rg BT 335.20 78.50 Td (following ) Tj ET Q q 0 0 0 rg BT 381.39 78.50 Td (table ) Tj ET Q q 0 0 0 rg BT 408.64 78.50 Td (summarizes ) Tj ET Q q 0 0 0 rg BT 471.32 78.50 Td (the ) Tj ET Q q 0 0 0 rg BT 490.00 78.50 Td (components ) Tj ET Q q 0 0 0 rg BT 553.32 78.50 Td (of ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 65.30 Td (gross ) Tj ET Q q 0 0 0 rg BT 79.45 65.30 Td (and ) Tj ET Q q 0 0 0 rg BT 100.86 65.30 Td (net ) Tj ET Q q 0 0 0 rg BT 119.21 65.30 Td (carrying ) Tj ET Q q 0 0 0 rg BT 161.39 65.30 Td (amounts ) Tj ET Q q 0 0 0 rg BT 206.64 65.30 Td (for ) Tj ET Q q 0 0 0 rg BT 222.53 65.30 Td (fixed ) Tj ET Q q 0 0 0 rg BT 248.82 65.30 Td (assets ) Tj ET Q q 0 0 0 rg BT 283.67 65.30 Td (as ) Tj ET Q q 0 0 0 rg BT 298.34 65.30 Td (of ) Tj ET Q q 0 0 0 rg BT 310.57 65.30 Td (December ) Tj ET Q q 0 0 0 rg BT 364.37 65.30 Td (31, ) Tj ET Q q 0 0 0 rg BT 382.72 65.30 Td (2014 ) Tj ET Q q 0 0 0 rg BT 410.24 65.30 Td (and ) Tj ET Q q 0 0 0 rg BT 431.65 65.30 Td (2013:) Tj ET Q endstream endobj 355 0 obj <> endobj 356 0 obj <> stream BT /F5 11.00 Tf ET q 0 0 0 rg BT 193.40 771.50 Td (CLEAN COAL) Tj ET Q q 0 0 0 rg BT 265.31 771.50 Td ( SOLUTIONS SER) Tj ET Q q 0 0 0 rg BT 358.01 771.50 Td (VICES, LLC) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 163.80 758.30 Td (NOTES T) Tj ET Q q 0 0 0 rg BT 211.27 758.30 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 288.07 758.30 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 372.19 758.30 Td ( ST) Tj ET Q q 0 0 0 rg BT 388.49 758.30 Td (A) Tj ET Q q 0 0 0 rg BT 395.62 758.30 Td (TEMENTS) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 209.65 745.10 Td (DECEMBER 31, 2015, 2014, and 2013) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 112.20 731.90 Td (\(Information as of and for the year ended December 31, 2013 is unaudited\)) Tj ET Q BT /F8 11.00 Tf ET q 0 0 0 rg BT 268.10 718.70 Td (\(in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 33.60 Td (174) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323.5 678 m 403.5 678 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 678 m 487.5 678 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323.5 608 m 403.5 608 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 608 m 487.5 608 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323.5 580 m 403.5 580 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323.5 567 m 403.5 567 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323.5 565 m 403.5 565 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 580 m 487.5 580 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 567 m 487.5 567 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 565 m 487.5 565 l s BT /F5 11.00 Tf ET q 0 0 0 rg BT 350.75 682.84 Td (2015) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 434.75 682.84 Td (2014) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 126.00 667.49 Td (Utility vehicles) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 326.00 667.49 Td ($) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 371.75 667.49 Td (1,698) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 410.00 667.49 Td ($) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 455.75 667.54 Td (1,638) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 126.00 653.49 Td (Office equipment) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 380.90 653.49 Td (369) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 464.90 653.49 Td (235) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 126.00 639.49 Td (Asset retirement obligations) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 380.90 639.49 Td (999) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 464.90 639.49 Td (877) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 126.00 625.49 Td (Spare parts for RC Facilities) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 371.75 625.49 Td (1,680) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 464.90 625.49 Td (554) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 126.00 611.49 Td (Other) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 387.05 611.49 Td (29) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 471.00 611.49 Td (23) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 371.75 597.49 Td (4,775) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 455.75 597.54 Td (3,327) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 126.00 583.49 Td (Accumulated depreciation) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 368.10 583.49 Td (\(1,083) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 399.30 583.49 Td (\)) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 461.25 583.54 Td (\(675) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 483.30 583.49 Td (\)) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 126.00 569.49 Td ( Fixed assets, net) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 326.00 569.49 Td ($) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 371.75 569.49 Td (3,692) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 410.00 569.49 Td ($) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 455.75 569.54 Td (2,652) Tj ET Q BT /F1 10.00 Tf ET BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 540.10 Td (Depreciation ) Tj ET Q q 0 0 0 rg BT 114.12 540.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 158.56 540.10 Td (was ) Tj ET Q q 0 0 0 rg BT 180.98 540.10 Td ($436, ) Tj ET Q q 0 0 0 rg BT 211.37 540.10 Td ($352 ) Tj ET Q q 0 0 0 rg BT 238.70 540.10 Td (and ) Tj ET Q q 0 0 0 rg BT 259.91 540.10 Td ($276 ) Tj ET Q q 0 0 0 rg BT 287.24 540.10 Td (for ) Tj ET Q q 0 0 0 rg BT 302.94 540.10 Td (the ) Tj ET Q q 0 0 0 rg BT 321.09 540.10 Td (years ) Tj ET Q q 0 0 0 rg BT 350.85 540.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 384.30 540.10 Td (December ) Tj ET Q q 0 0 0 rg BT 437.90 540.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 456.05 540.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 486.43 540.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 513.76 540.10 Td (and ) Tj ET Q q 0 0 0 rg BT 534.98 540.10 Td (2013, ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 526.95 Td (respectively) Tj ET Q q 0 0 0 rg BT 106.76 526.95 Td (.) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 501.75 Td (Under ) Tj ET Q q 0 0 0 rg BT 81.25 501.75 Td (the ) Tj ET Q q 0 0 0 rg BT 98.34 501.75 Td (site ) Tj ET Q q 0 0 0 rg BT 117.25 501.75 Td (license ) Tj ET Q q 0 0 0 rg BT 153.28 501.75 Td (agreements ) Tj ET Q q 0 0 0 rg BT 213.16 501.75 Td (between ) Tj ET Q q 0 0 0 rg BT 256.54 501.75 Td (the ) Tj ET Q q 0 0 0 rg BT 273.62 501.75 Td (Company ) Tj ET Q q 0 0 0 rg BT 322.49 501.75 Td (and ) Tj ET Q q 0 0 0 rg BT 342.64 501.75 Td (the ) Tj ET Q q 0 0 0 rg BT 359.72 501.75 Td (Generators, ) Tj ET Q q 0 0 0 rg BT 419.60 501.75 Td (the ) Tj ET Q q 0 0 0 rg BT 436.68 501.75 Td (Company ) Tj ET Q q 0 0 0 rg BT 485.55 501.75 Td (may ) Tj ET Q q 0 0 0 rg BT 508.12 501.75 Td (be ) Tj ET Q q 0 0 0 rg BT 522.15 501.75 Td (required ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 488.55 Td (to ) Tj ET Q q 0 0 0 rg BT 61.19 488.55 Td (return ) Tj ET Q q 0 0 0 rg BT 92.44 488.55 Td (the ) Tj ET Q q 0 0 0 rg BT 110.25 488.55 Td (site ) Tj ET Q q 0 0 0 rg BT 129.89 488.55 Td (upon ) Tj ET Q q 0 0 0 rg BT 156.88 488.55 Td (which ) Tj ET Q q 0 0 0 rg BT 187.52 488.55 Td (the ) Tj ET Q q 0 0 0 rg BT 205.33 488.55 Td (RC ) Tj ET Q q 0 0 0 rg BT 223.73 488.55 Td (Facility ) Tj ET Q q 0 0 0 rg BT 260.47 488.55 Td (\("Site"\) ) Tj ET Q q 0 0 0 rg BT 297.08 488.55 Td (is ) Tj ET Q q 0 0 0 rg BT 307.54 488.55 Td (located ) Tj ET Q q 0 0 0 rg BT 345.53 488.55 Td (at ) Tj ET Q q 0 0 0 rg BT 357.22 488.55 Td (a ) Tj ET Q q 0 0 0 rg BT 365.86 488.55 Td (generation ) Tj ET Q q 0 0 0 rg BT 420.36 488.55 Td (station ) Tj ET Q q 0 0 0 rg BT 455.29 488.55 Td (to ) Tj ET Q q 0 0 0 rg BT 466.98 488.55 Td (its ) Tj ET Q q 0 0 0 rg BT 480.50 488.55 Td (original ) Tj ET Q q 0 0 0 rg BT 518.48 488.55 Td (condition ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 475.35 Td (at ) Tj ET Q q 0 0 0 rg BT 64.21 475.35 Td (the ) Tj ET Q q 0 0 0 rg BT 85.04 475.35 Td (end ) Tj ET Q q 0 0 0 rg BT 108.93 475.35 Td (of ) Tj ET Q q 0 0 0 rg BT 123.64 475.35 Td (the ) Tj ET Q q 0 0 0 rg BT 144.47 475.35 Td (applicable ) Tj ET Q q 0 0 0 rg BT 199.55 475.35 Td (PTC ) Tj ET Q q 0 0 0 rg BT 227.09 475.35 Td (period. ) Tj ET Q q 0 0 0 rg BT 266.26 475.35 Td ( ) Tj ET Q q 0 0 0 rg BT 271.80 475.35 Td (In ) Tj ET Q q 0 0 0 rg BT 286.51 475.35 Td (instances ) Tj ET Q q 0 0 0 rg BT 338.52 475.35 Td (where ) Tj ET Q q 0 0 0 rg BT 374.02 475.35 Td (the ) Tj ET Q q 0 0 0 rg BT 394.85 475.35 Td (applicable ) Tj ET Q q 0 0 0 rg BT 449.92 475.35 Td (agreements ) Tj ET Q q 0 0 0 rg BT 513.55 475.35 Td (place ) Tj ET Q q 0 0 0 rg BT 545.38 475.35 Td (this ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 462.15 Td (responsibility ) Tj ET Q q 0 0 0 rg BT 114.94 462.15 Td (on ) Tj ET Q q 0 0 0 rg BT 129.02 462.15 Td (the ) Tj ET Q q 0 0 0 rg BT 146.17 462.15 Td (VIEs, ) Tj ET Q q 0 0 0 rg BT 174.30 462.15 Td (the ) Tj ET Q q 0 0 0 rg BT 191.45 462.15 Td (VIEs ) Tj ET Q q 0 0 0 rg BT 216.53 462.15 Td (have ) Tj ET Q q 0 0 0 rg BT 242.23 462.15 Td (recorded ) Tj ET Q q 0 0 0 rg BT 287.50 462.15 Td (a ) Tj ET Q q 0 0 0 rg BT 295.47 462.15 Td (liability ) Tj ET Q q 0 0 0 rg BT 330.33 462.15 Td (for ) Tj ET Q q 0 0 0 rg BT 345.02 462.15 Td (an ) Tj ET Q q 0 0 0 rg BT 358.74 462.15 Td (ARO ) Tj ET Q q 0 0 0 rg BT 384.43 462.15 Td (equal ) Tj ET Q q 0 0 0 rg BT 413.20 462.15 Td (to ) Tj ET Q q 0 0 0 rg BT 424.22 462.15 Td (the ) Tj ET Q q 0 0 0 rg BT 441.37 462.15 Td (fair ) Tj ET Q q 0 0 0 rg BT 458.50 462.15 Td (value ) Tj ET Q q 0 0 0 rg BT 486.65 462.15 Td (of ) Tj ET Q q 0 0 0 rg BT 497.67 462.15 Td (the ) Tj ET Q q 0 0 0 rg BT 514.82 462.15 Td (estimated ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 448.95 Td (cost ) Tj ET Q q 0 0 0 rg BT 72.92 448.95 Td (to ) Tj ET Q q 0 0 0 rg BT 85.33 448.95 Td (retire ) Tj ET Q q 0 0 0 rg BT 113.64 448.95 Td (the ) Tj ET Q q 0 0 0 rg BT 132.17 448.95 Td (RC ) Tj ET Q q 0 0 0 rg BT 151.30 448.95 Td (Facility ) Tj ET Q q 0 0 0 rg BT 188.77 448.95 Td (and ) Tj ET Q q 0 0 0 rg BT 210.36 448.95 Td (return ) Tj ET Q q 0 0 0 rg BT 242.34 448.95 Td (each ) Tj ET Q q 0 0 0 rg BT 269.44 448.95 Td (Site ) Tj ET Q q 0 0 0 rg BT 291.64 448.95 Td (to ) Tj ET Q q 0 0 0 rg BT 304.05 448.95 Td (its ) Tj ET Q q 0 0 0 rg BT 318.29 448.95 Td (original ) Tj ET Q q 0 0 0 rg BT 357.00 448.95 Td (condition. ) Tj ET Q q 0 0 0 rg BT 407.12 448.95 Td (The ) Tj ET Q q 0 0 0 rg BT 428.68 448.95 Td (ARO ) Tj ET Q q 0 0 0 rg BT 455.76 448.95 Td (liability ) Tj ET Q q 0 0 0 rg BT 492.01 448.95 Td (was ) Tj ET Q q 0 0 0 rg BT 514.81 448.95 Td (estimated ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 435.75 Td (by ) Tj ET Q q 0 0 0 rg BT 64.79 435.75 Td (the ) Tj ET Q q 0 0 0 rg BT 83.75 435.75 Td (Company ) Tj ET Q q 0 0 0 rg BT 134.50 435.75 Td (using ) Tj ET Q q 0 0 0 rg BT 164.46 435.75 Td (estimated ) Tj ET Q q 0 0 0 rg BT 215.82 435.75 Td (and ) Tj ET Q q 0 0 0 rg BT 237.84 435.75 Td (historic ) Tj ET Q q 0 0 0 rg BT 276.35 435.75 Td (facility ) Tj ET Q q 0 0 0 rg BT 310.59 435.75 Td (removal ) Tj ET Q q 0 0 0 rg BT 353.38 435.75 Td (costs ) Tj ET Q q 0 0 0 rg BT 382.72 435.75 Td (and ) Tj ET Q q 0 0 0 rg BT 404.74 435.75 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 461.62 435.75 Td (future ) Tj ET Q q 0 0 0 rg BT 493.42 435.75 Td (inflation ) Tj ET Q q 0 0 0 rg BT 535.00 435.75 Td (rates. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 422.55 Td (This ) Tj ET Q q 0 0 0 rg BT 73.48 422.55 Td (estimated ) Tj ET Q q 0 0 0 rg BT 124.38 422.55 Td (future ) Tj ET Q q 0 0 0 rg BT 155.71 422.55 Td (value ) Tj ET Q q 0 0 0 rg BT 185.21 422.55 Td (was ) Tj ET Q q 0 0 0 rg BT 207.98 422.55 Td (discounted ) Tj ET Q q 0 0 0 rg BT 264.39 422.55 Td (to ) Tj ET Q q 0 0 0 rg BT 276.77 422.55 Td (its ) Tj ET Q q 0 0 0 rg BT 290.97 422.55 Td (present ) Tj ET Q q 0 0 0 rg BT 330.86 422.55 Td (value ) Tj ET Q q 0 0 0 rg BT 360.37 422.55 Td (using ) Tj ET Q q 0 0 0 rg BT 389.87 422.55 Td (the ) Tj ET Q q 0 0 0 rg BT 408.36 422.55 Td (Company) Tj ET Q q 0 0 0 rg BT 457.68 422.55 Td (s ) Tj ET Q q 0 0 0 rg BT 466.39 422.55 Td (credit-adjusted ) Tj ET Q q 0 0 0 rg BT 541.74 422.55 Td (risk-) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 409.35 Td (free ) Tj ET Q q 0 0 0 rg BT 70.69 409.35 Td (rate. ) Tj ET Q q 0 0 0 rg BT 94.80 409.35 Td (The ) Tj ET Q q 0 0 0 rg BT 115.99 409.35 Td (carrying ) Tj ET Q q 0 0 0 rg BT 157.35 409.35 Td (value ) Tj ET Q q 0 0 0 rg BT 185.89 409.35 Td (of ) Tj ET Q q 0 0 0 rg BT 197.30 409.35 Td (the ) Tj ET Q q 0 0 0 rg BT 214.83 409.35 Td (asset ) Tj ET Q q 0 0 0 rg BT 243.36 409.35 Td (is ) Tj ET Q q 0 0 0 rg BT 253.54 409.35 Td (depreciated ) Tj ET Q q 0 0 0 rg BT 313.26 409.35 Td (on ) Tj ET Q q 0 0 0 rg BT 327.74 409.35 Td (a ) Tj ET Q q 0 0 0 rg BT 336.09 409.35 Td (straight-line ) Tj ET Q q 0 0 0 rg BT 395.19 409.35 Td (basis ) Tj ET Q q 0 0 0 rg BT 423.11 409.35 Td (over ) Tj ET Q q 0 0 0 rg BT 446.75 409.35 Td (the ) Tj ET Q q 0 0 0 rg BT 464.27 409.35 Td (remaining ) Tj ET Q q 0 0 0 rg BT 514.82 409.35 Td (estimated ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 396.15 Td (life ) Tj ET Q q 0 0 0 rg BT 67.09 396.15 Td (of ) Tj ET Q q 0 0 0 rg BT 79.79 396.15 Td (the ) Tj ET Q q 0 0 0 rg BT 98.61 396.15 Td (RC ) Tj ET Q q 0 0 0 rg BT 118.03 396.15 Td (Facility ) Tj ET Q q 0 0 0 rg BT 155.79 396.15 Td (asset ) Tj ET Q q 0 0 0 rg BT 185.61 396.15 Td (group. ) Tj ET Q q 0 0 0 rg BT 220.33 396.15 Td ( ) Tj ET Q q 0 0 0 rg BT 223.63 396.15 Td (The ) Tj ET Q q 0 0 0 rg BT 246.11 396.15 Td (liability ) Tj ET Q q 0 0 0 rg BT 282.65 396.15 Td (is ) Tj ET Q q 0 0 0 rg BT 294.12 396.15 Td (increased ) Tj ET Q q 0 0 0 rg BT 345.35 396.15 Td (over ) Tj ET Q q 0 0 0 rg BT 370.27 396.15 Td (time ) Tj ET Q q 0 0 0 rg BT 394.58 396.15 Td (to ) Tj ET Q q 0 0 0 rg BT 407.29 396.15 Td (reflect ) Tj ET Q q 0 0 0 rg BT 440.77 396.15 Td (the ) Tj ET Q q 0 0 0 rg BT 459.59 396.15 Td (change ) Tj ET Q q 0 0 0 rg BT 499.21 396.15 Td (in ) Tj ET Q q 0 0 0 rg BT 511.30 396.15 Td (its ) Tj ET Q q 0 0 0 rg BT 525.83 396.15 Td (present ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 382.95 Td (value, ) Tj ET Q q 0 0 0 rg BT 81.69 382.95 Td (and ) Tj ET Q q 0 0 0 rg BT 102.88 382.95 Td (the ) Tj ET Q q 0 0 0 rg BT 121.01 382.95 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 175.83 382.95 Td (cost ) Tj ET Q q 0 0 0 rg BT 198.84 382.95 Td (is ) Tj ET Q q 0 0 0 rg BT 209.62 382.95 Td (depreciated ) Tj ET Q q 0 0 0 rg BT 269.95 382.95 Td (over ) Tj ET Q q 0 0 0 rg BT 294.18 382.95 Td (the ) Tj ET Q q 0 0 0 rg BT 312.31 382.95 Td (useful ) Tj ET Q q 0 0 0 rg BT 344.50 382.95 Td (life ) Tj ET Q q 0 0 0 rg BT 361.40 382.95 Td (of ) Tj ET Q q 0 0 0 rg BT 373.42 382.95 Td (the ) Tj ET Q q 0 0 0 rg BT 391.55 382.95 Td (site ) Tj ET Q q 0 0 0 rg BT 411.50 382.95 Td (license. ) Tj ET Q q 0 0 0 rg BT 451.64 382.95 Td (In ) Tj ET Q q 0 0 0 rg BT 463.65 382.95 Td (subsequent ) Tj ET Q q 0 0 0 rg BT 523.37 382.95 Td (periods, ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 369.75 Td (the ) Tj ET Q q 0 0 0 rg BT 68.18 369.75 Td (Company ) Tj ET Q q 0 0 0 rg BT 118.64 369.75 Td (is ) Tj ET Q q 0 0 0 rg BT 129.97 369.75 Td (required ) Tj ET Q q 0 0 0 rg BT 173.71 369.75 Td (to ) Tj ET Q q 0 0 0 rg BT 186.27 369.75 Td (make ) Tj ET Q q 0 0 0 rg BT 216.55 369.75 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 279.24 369.75 Td (to ) Tj ET Q q 0 0 0 rg BT 291.13 369.75 Td (AROs ) Tj ET Q q 0 0 0 rg BT 323.85 369.75 Td (based ) Tj ET Q q 0 0 0 rg BT 357.20 369.75 Td (on ) Tj ET Q q 0 0 0 rg BT 372.82 369.75 Td (changes ) Tj ET Q q 0 0 0 rg BT 417.80 369.75 Td (in ) Tj ET Q q 0 0 0 rg BT 429.74 369.75 Td (the ) Tj ET Q q 0 0 0 rg BT 448.42 369.75 Td (estimated ) Tj ET Q q 0 0 0 rg BT 499.49 369.75 Td (fair ) Tj ET Q q 0 0 0 rg BT 518.16 369.75 Td (values ) Tj ET Q q 0 0 0 rg BT 553.34 369.75 Td (of ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 356.55 Td (the ) Tj ET Q q 0 0 0 rg BT 68.22 356.55 Td (obligations. ) Tj ET Q q 0 0 0 rg BT 127.30 356.55 Td (Corresponding ) Tj ET Q q 0 0 0 rg BT 202.89 356.55 Td (increases ) Tj ET Q q 0 0 0 rg BT 253.40 356.55 Td (in ) Tj ET Q q 0 0 0 rg BT 265.39 356.55 Td (asset ) Tj ET Q q 0 0 0 rg BT 295.11 356.55 Td (book ) Tj ET Q q 0 0 0 rg BT 322.40 356.55 Td (values ) Tj ET Q q 0 0 0 rg BT 357.62 356.55 Td (are ) Tj ET Q q 0 0 0 rg BT 376.95 356.55 Td (depreciated ) Tj ET Q q 0 0 0 rg BT 437.87 356.55 Td (over ) Tj ET Q q 0 0 0 rg BT 462.70 356.55 Td (the ) Tj ET Q q 0 0 0 rg BT 481.42 356.55 Td (remaining ) Tj ET Q q 0 0 0 rg BT 533.15 356.55 Td (useful ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 343.35 Td (life ) Tj ET Q q 0 0 0 rg BT 66.20 343.35 Td (of ) Tj ET Q q 0 0 0 rg BT 78.01 343.35 Td (the ) Tj ET Q q 0 0 0 rg BT 95.94 343.35 Td (related ) Tj ET Q q 0 0 0 rg BT 132.21 343.35 Td (site ) Tj ET Q q 0 0 0 rg BT 151.97 343.35 Td (license. ) Tj ET Q q 0 0 0 rg BT 191.90 343.35 Td (Uncertainties ) Tj ET Q q 0 0 0 rg BT 258.74 343.35 Td (as ) Tj ET Q q 0 0 0 rg BT 272.99 343.35 Td (to ) Tj ET Q q 0 0 0 rg BT 284.81 343.35 Td (the ) Tj ET Q q 0 0 0 rg BT 302.74 343.35 Td (probability) Tj ET Q q 0 0 0 rg BT 352.06 343.35 Td (, ) Tj ET Q q 0 0 0 rg BT 357.75 343.35 Td (timing, ) Tj ET Q q 0 0 0 rg BT 392.79 343.35 Td (or ) Tj ET Q q 0 0 0 rg BT 405.21 343.35 Td (amount ) Tj ET Q q 0 0 0 rg BT 444.54 343.35 Td (of ) Tj ET Q q 0 0 0 rg BT 456.35 343.35 Td (cash ) Tj ET Q q 0 0 0 rg BT 482.22 343.35 Td (flows ) Tj ET Q q 0 0 0 rg BT 509.92 343.35 Td (associated ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 330.15 Td (with ) Tj ET Q q 0 0 0 rg BT 71.04 330.15 Td (AROs ) Tj ET Q q 0 0 0 rg BT 102.84 330.15 Td (may ) Tj ET Q q 0 0 0 rg BT 126.08 330.15 Td (af) Tj ET Q q 0 0 0 rg BT 135.06 330.15 Td (fect ) Tj ET Q q 0 0 0 rg BT 155.25 330.15 Td (management) Tj ET Q q 0 0 0 rg BT 221.70 330.15 Td (s ) Tj ET Q q 0 0 0 rg BT 229.67 330.15 Td (estimates ) Tj ET Q q 0 0 0 rg BT 279.20 330.15 Td (of ) Tj ET Q q 0 0 0 rg BT 290.84 330.15 Td (fair ) Tj ET Q q 0 0 0 rg BT 308.58 330.15 Td (value. ) Tj ET Q q 0 0 0 rg BT 340.40 330.15 Td (For ) Tj ET Q q 0 0 0 rg BT 359.36 330.15 Td (the ) Tj ET Q q 0 0 0 rg BT 377.12 330.15 Td (year ) Tj ET Q q 0 0 0 rg BT 400.98 330.15 Td (ended ) Tj ET Q q 0 0 0 rg BT 434.03 330.15 Td (December ) Tj ET Q q 0 0 0 rg BT 487.24 330.15 Td (31, ) Tj ET Q q 0 0 0 rg BT 504.99 330.15 Td (2015, ) Tj ET Q q 0 0 0 rg BT 534.99 330.15 Td (2014, ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 316.95 Td (and ) Tj ET Q q 0 0 0 rg BT 70.91 316.95 Td (2013, ) Tj ET Q q 0 0 0 rg BT 101.49 316.95 Td (the ) Tj ET Q q 0 0 0 rg BT 119.84 316.95 Td (Company ) Tj ET Q q 0 0 0 rg BT 169.97 316.95 Td (recorded ) Tj ET Q q 0 0 0 rg BT 216.44 316.95 Td ($97, ) Tj ET Q q 0 0 0 rg BT 240.91 316.95 Td ($162 ) Tj ET Q q 0 0 0 rg BT 268.44 316.95 Td (and ) Tj ET Q q 0 0 0 rg BT 289.85 316.95 Td ($0 ) Tj ET Q q 0 0 0 rg BT 305.14 316.95 Td (of ) Tj ET Q q 0 0 0 rg BT 317.37 316.95 Td (accretion ) Tj ET Q q 0 0 0 rg BT 365.06 316.95 Td (expense, ) Tj ET Q q 0 0 0 rg BT 412.76 316.95 Td (respectively) Tj ET Q q 0 0 0 rg BT 470.02 316.95 Td (. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 291.75 Td (The following table describes changes to the Company) Tj ET Q q 0 0 0 rg BT 318.96 291.75 Td (s ) Tj ET Q q 0 0 0 rg BT 326.91 291.75 Td (ARO liability for the year ended December 31, ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 278.55 Td (2015 and 2014:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323.5 239.85000000000002 m 403.5 239.85000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 239.85000000000002 m 407.5 239.85000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 239.85000000000002 m 487.5 239.85000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323.5 239.85000000000002 m 403.5 239.85000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 239.85000000000002 m 407.5 239.85000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 239.85000000000002 m 487.5 239.85000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323.5 194.85000000000002 m 403.5 194.85000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323.5 180.85000000000002 m 403.5 180.85000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323.5 178.85000000000002 m 403.5 178.85000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 194.85000000000002 m 407.5 194.85000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 180.85000000000002 m 407.5 180.85000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 178.85000000000002 m 407.5 178.85000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 194.85000000000002 m 487.5 194.85000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 180.85000000000002 m 487.5 180.85000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 178.85000000000002 m 487.5 178.85000000000002 l s BT /F5 11.00 Tf ET q 0 0 0 rg BT 350.75 244.34 Td (2015) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 434.75 244.34 Td (2014) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 126.00 229.34 Td (Beginning balance) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 326.00 229.34 Td ($) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 371.75 229.34 Td (1,039) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 410.00 229.34 Td ($) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 472.25 229.34 Td () Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 126.00 214.34 Td (Liabilities incurred) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 381.60 214.34 Td (129) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 465.60 214.34 Td (877) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 126.00 199.34 Td (Accretion) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 387.75 199.34 Td (97) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 465.60 199.34 Td (162) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 126.00 184.34 Td (Ending balance) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 326.00 184.34 Td ($) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 371.75 184.34 Td (1,265) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 410.00 184.34 Td ($) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 455.75 184.39 Td (1,039) Tj ET Q BT /F1 10.00 Tf ET BT /F5 11.00 Tf ET q 0 0 0 rg BT 49.50 140.70 Td (NOTE ) Tj ET Q q 0 0 0 rg BT 83.11 140.70 Td (4 ) Tj ET Q q 0 0 0 rg BT 92.29 140.70 Td (- ) Tj ET Q q 0 0 0 rg BT 99.01 140.70 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 139.95 140.70 Td (P) Tj ET Q q 0 0 0 rg BT 146.48 140.70 Td (A) Tj ET Q q 0 0 0 rg BT 153.41 140.70 Td (Y) Tj ET Q q 0 0 0 rg BT 159.74 140.70 Td (ABLE ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 114.30 Td (During ) Tj ET Q q 0 0 0 rg BT 86.14 114.30 Td (September ) Tj ET Q q 0 0 0 rg BT 144.19 114.30 Td (2013, ) Tj ET Q q 0 0 0 rg BT 175.95 114.30 Td (the ) Tj ET Q q 0 0 0 rg BT 195.48 114.30 Td (Company ) Tj ET Q q 0 0 0 rg BT 246.80 114.30 Td (entered ) Tj ET Q q 0 0 0 rg BT 288.34 114.30 Td (into ) Tj ET Q q 0 0 0 rg BT 310.31 114.30 Td (a ) Tj ET Q q 0 0 0 rg BT 320.67 114.30 Td ($5 ) Tj ET Q q 0 0 0 rg BT 337.14 114.30 Td (million ) Tj ET Q q 0 0 0 rg BT 372.56 114.30 Td (revolving ) Tj ET Q q 0 0 0 rg BT 420.81 114.30 Td (line ) Tj ET Q q 0 0 0 rg BT 442.18 114.30 Td (of ) Tj ET Q q 0 0 0 rg BT 455.59 114.30 Td (credit ) Tj ET Q q 0 0 0 rg BT 486.72 114.30 Td (agreement ) Tj ET Q q 0 0 0 rg BT 543.55 114.30 Td (\(the ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 101.10 Td (Revolver\) ) Tj ET Q q 0 0 0 rg BT 107.09 101.10 Td (with ) Tj ET Q q 0 0 0 rg BT 129.85 101.10 Td (Colorado ) Tj ET Q q 0 0 0 rg BT 177.68 101.10 Td (Business ) Tj ET Q q 0 0 0 rg BT 225.51 101.10 Td (Bank ) Tj ET Q q 0 0 0 rg BT 253.78 101.10 Td (\(CBB\). ) Tj ET Q q 0 0 0 rg BT 297.10 101.10 Td (The ) Tj ET Q q 0 0 0 rg BT 319.25 101.10 Td (purpose ) Tj ET Q q 0 0 0 rg BT 362.19 101.10 Td (of ) Tj ET Q q 0 0 0 rg BT 374.56 101.10 Td (the ) Tj ET Q q 0 0 0 rg BT 393.05 101.10 Td (Revolver ) Tj ET Q q 0 0 0 rg BT 439.65 101.10 Td (is ) Tj ET Q q 0 0 0 rg BT 450.79 101.10 Td (to ) Tj ET Q q 0 0 0 rg BT 463.16 101.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 502.44 101.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 549.67 101.10 Td (for ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 87.90 Td (the ) Tj ET Q q 0 0 0 rg BT 67.93 87.90 Td (general ) Tj ET Q q 0 0 0 rg BT 107.77 87.90 Td (working ) Tj ET Q q 0 0 0 rg BT 148.81 87.90 Td (capital ) Tj ET Q q 0 0 0 rg BT 183.75 87.90 Td (needs ) Tj ET Q q 0 0 0 rg BT 216.86 87.90 Td (of ) Tj ET Q q 0 0 0 rg BT 229.17 87.90 Td (the ) Tj ET Q q 0 0 0 rg BT 247.60 87.90 Td (Company) Tj ET Q q 0 0 0 rg BT 293.86 87.90 Td (. ) Tj ET Q q 0 0 0 rg BT 300.06 87.90 Td (Borrowings ) Tj ET Q q 0 0 0 rg BT 358.22 87.90 Td (under ) Tj ET Q q 0 0 0 rg BT 389.49 87.90 Td (the ) Tj ET Q q 0 0 0 rg BT 407.92 87.90 Td (line ) Tj ET Q q 0 0 0 rg BT 428.19 87.90 Td (of ) Tj ET Q q 0 0 0 rg BT 440.50 87.90 Td (credit ) Tj ET Q q 0 0 0 rg BT 470.54 87.90 Td (bear ) Tj ET Q q 0 0 0 rg BT 495.69 87.90 Td (interest ) Tj ET Q q 0 0 0 rg BT 534.91 87.90 Td (at ) Tj ET Q q 0 0 0 rg BT 547.22 87.90 Td (the ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 74.70 Td (higher ) Tj ET Q q 0 0 0 rg BT 82.40 74.70 Td (of ) Tj ET Q q 0 0 0 rg BT 93.90 74.70 Td (5% ) Tj ET Q q 0 0 0 rg BT 112.12 74.70 Td (per ) Tj ET Q q 0 0 0 rg BT 130.35 74.70 Td (annum ) Tj ET Q q 0 0 0 rg BT 166.31 74.70 Td (or ) Tj ET Q q 0 0 0 rg BT 178.41 74.70 Td (the ) Tj ET Q q 0 0 0 rg BT 196.03 74.70 Td (prime ) Tj ET Q q 0 0 0 rg BT 225.86 74.70 Td (rate ) Tj ET Q q 0 0 0 rg BT 247.14 74.70 Td (\(as ) Tj ET Q q 0 0 0 rg BT 264.74 74.70 Td (defined ) Tj ET Q q 0 0 0 rg BT 303.16 74.70 Td (in ) Tj ET Q q 0 0 0 rg BT 314.04 74.70 Td (the ) Tj ET Q q 0 0 0 rg BT 331.66 74.70 Td (agreement\) ) Tj ET Q q 0 0 0 rg BT 390.23 74.70 Td (plus ) Tj ET Q q 0 0 0 rg BT 412.74 74.70 Td (1%. ) Tj ET Q q 0 0 0 rg BT 433.87 74.70 Td (The ) Tj ET Q q 0 0 0 rg BT 455.15 74.70 Td (facility ) Tj ET Q q 0 0 0 rg BT 488.03 74.70 Td (is ) Tj ET Q q 0 0 0 rg BT 498.30 74.70 Td (collateralized ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 61.50 Td (by ) Tj ET Q q 0 0 0 rg BT 63.67 61.50 Td (all ) Tj ET Q q 0 0 0 rg BT 77.24 61.50 Td (assets ) Tj ET Q q 0 0 0 rg BT 111.58 61.50 Td (of ) Tj ET Q q 0 0 0 rg BT 123.31 61.50 Td (the ) Tj ET Q q 0 0 0 rg BT 141.16 61.50 Td (Company) Tj ET Q q 0 0 0 rg BT 187.42 61.50 Td (, ) Tj ET Q q 0 0 0 rg BT 193.03 61.50 Td (the ) Tj ET Q q 0 0 0 rg BT 210.88 61.50 Td (deposit ) Tj ET Q q 0 0 0 rg BT 248.91 61.50 Td (accounts ) Tj ET Q q 0 0 0 rg BT 295.49 61.50 Td (and ) Tj ET Q q 0 0 0 rg BT 316.40 61.50 Td (insurance ) Tj ET Q q 0 0 0 rg BT 366.65 61.50 Td (owned ) Tj ET Q q 0 0 0 rg BT 401.62 61.50 Td (by ) Tj ET Q q 0 0 0 rg BT 415.80 61.50 Td (the ) Tj ET Q q 0 0 0 rg BT 433.64 61.50 Td (Company) Tj ET Q q 0 0 0 rg BT 479.91 61.50 Td (. ) Tj ET Q q 0 0 0 rg BT 485.35 61.50 Td (These ) Tj ET Q q 0 0 0 rg BT 518.48 61.50 Td (accounts ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 48.30 Td (are ) Tj ET Q q 0 0 0 rg BT 67.86 48.30 Td (not ) Tj ET Q q 0 0 0 rg BT 85.60 48.30 Td (restricted ) Tj ET Q q 0 0 0 rg BT 133.30 48.30 Td (by ) Tj ET Q q 0 0 0 rg BT 147.37 48.30 Td (the ) Tj ET Q q 0 0 0 rg BT 165.12 48.30 Td (Revolver) Tj ET Q q 0 0 0 rg BT 207.92 48.30 Td (. ) Tj ET Q q 0 0 0 rg BT 213.43 48.30 Td ( ) Tj ET Q q 0 0 0 rg BT 215.73 48.30 Td (The ) Tj ET Q q 0 0 0 rg BT 237.14 48.30 Td (agreement ) Tj ET Q q 0 0 0 rg BT 292.19 48.30 Td (includes ) Tj ET Q q 0 0 0 rg BT 335.00 48.30 Td (two ) Tj ET Q q 0 0 0 rg BT 354.58 48.30 Td (separate ) Tj ET Q q 0 0 0 rg BT 399.84 48.30 Td (indemnity ) Tj ET Q q 0 0 0 rg BT 449.38 48.30 Td (contingent ) Tj ET Q q 0 0 0 rg BT 502.60 48.30 Td (commitment ) Tj ET Q endstream endobj 357 0 obj <> endobj 358 0 obj <> stream BT /F5 11.00 Tf ET q 0 0 0 rg BT 193.40 771.50 Td (CLEAN COAL) Tj ET Q q 0 0 0 rg BT 265.31 771.50 Td ( SOLUTIONS SER) Tj ET Q q 0 0 0 rg BT 358.01 771.50 Td (VICES, LLC) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 163.80 758.30 Td (NOTES T) Tj ET Q q 0 0 0 rg BT 211.27 758.30 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 288.07 758.30 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 372.19 758.30 Td ( ST) Tj ET Q q 0 0 0 rg BT 388.49 758.30 Td (A) Tj ET Q q 0 0 0 rg BT 395.62 758.30 Td (TEMENTS) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 209.65 745.10 Td (DECEMBER 31, 2015, 2014, and 2013) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 112.20 731.90 Td (\(Information as of and for the year ended December 31, 2013 is unaudited\)) Tj ET Q BT /F8 11.00 Tf ET q 0 0 0 rg BT 268.10 718.70 Td (\(in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 33.60 Td (175) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 698.50 Td (amounts ) Tj ET Q q 0 0 0 rg BT 93.99 698.50 Td (of ) Tj ET Q q 0 0 0 rg BT 105.47 698.50 Td ($2 ) Tj ET Q q 0 0 0 rg BT 120.00 698.50 Td (million ) Tj ET Q q 0 0 0 rg BT 153.48 698.50 Td (each ) Tj ET Q q 0 0 0 rg BT 179.63 698.50 Td (related ) Tj ET Q q 0 0 0 rg BT 215.57 698.50 Td (to ) Tj ET Q q 0 0 0 rg BT 227.04 698.50 Td (two ) Tj ET Q q 0 0 0 rg BT 246.46 698.50 Td (RC ) Tj ET Q q 0 0 0 rg BT 264.65 698.50 Td (Facilities ) Tj ET Q q 0 0 0 rg BT 309.74 698.50 Td (should ) Tj ET Q q 0 0 0 rg BT 344.45 698.50 Td (any ) Tj ET Q q 0 0 0 rg BT 364.49 698.50 Td (damages ) Tj ET Q q 0 0 0 rg BT 412.04 698.50 Td (to ) Tj ET Q q 0 0 0 rg BT 423.52 698.50 Td (the ) Tj ET Q q 0 0 0 rg BT 441.11 698.50 Td (generation ) Tj ET Q q 0 0 0 rg BT 495.40 698.50 Td (station ) Tj ET Q q 0 0 0 rg BT 530.11 698.50 Td (boilers ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 685.30 Td (occur) Tj ET Q q 0 0 0 rg BT 75.79 685.30 Td (. ) Tj ET Q q 0 0 0 rg BT 80.87 685.30 Td ( ) Tj ET Q q 0 0 0 rg BT 82.49 685.30 Td (At ) Tj ET Q q 0 0 0 rg BT 94.91 685.30 Td (December ) Tj ET Q q 0 0 0 rg BT 147.67 685.30 Td (31, ) Tj ET Q q 0 0 0 rg BT 164.98 685.30 Td (2015 ) Tj ET Q q 0 0 0 rg BT 191.47 685.30 Td (and ) Tj ET Q q 0 0 0 rg BT 211.85 685.30 Td (2014, ) Tj ET Q q 0 0 0 rg BT 241.40 685.30 Td (there ) Tj ET Q q 0 0 0 rg BT 268.49 685.30 Td (was ) Tj ET Q q 0 0 0 rg BT 290.08 685.30 Td (no ) Tj ET Q q 0 0 0 rg BT 304.33 685.30 Td (amount ) Tj ET Q q 0 0 0 rg BT 343.04 685.30 Td (drawn ) Tj ET Q q 0 0 0 rg BT 375.03 685.30 Td (on ) Tj ET Q q 0 0 0 rg BT 389.28 685.30 Td (the ) Tj ET Q q 0 0 0 rg BT 406.60 685.30 Td (Revolver) Tj ET Q q 0 0 0 rg BT 449.39 685.30 Td (. ) Tj ET Q q 0 0 0 rg BT 454.47 685.30 Td ( ) Tj ET Q q 0 0 0 rg BT 456.36 685.30 Td (The ) Tj ET Q q 0 0 0 rg BT 477.34 685.30 Td (Revolver ) Tj ET Q q 0 0 0 rg BT 522.77 685.30 Td (matures ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 672.10 Td (in ) Tj ET Q q 0 0 0 rg BT 61.12 672.10 Td (June ) Tj ET Q q 0 0 0 rg BT 88.03 672.10 Td (2016.) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 646.90 Td (CCSS ) Tj ET Q q 0 0 0 rg BT 82.74 646.90 Td (is ) Tj ET Q q 0 0 0 rg BT 93.36 646.90 Td (required ) Tj ET Q q 0 0 0 rg BT 136.40 646.90 Td (to ) Tj ET Q q 0 0 0 rg BT 148.25 646.90 Td (be ) Tj ET Q q 0 0 0 rg BT 163.17 646.90 Td (in ) Tj ET Q q 0 0 0 rg BT 174.41 646.90 Td (compliance ) Tj ET Q q 0 0 0 rg BT 232.72 646.90 Td (with ) Tj ET Q q 0 0 0 rg BT 254.96 646.90 Td (certain ) Tj ET Q q 0 0 0 rg BT 290.66 646.90 Td (loan ) Tj ET Q q 0 0 0 rg BT 314.14 646.90 Td (covenants ) Tj ET Q q 0 0 0 rg BT 366.96 646.90 Td (under ) Tj ET Q q 0 0 0 rg BT 397.77 646.90 Td (the ) Tj ET Q q 0 0 0 rg BT 415.74 646.90 Td (Revolver) Tj ET Q q 0 0 0 rg BT 458.54 646.90 Td (. ) Tj ET Q q 0 0 0 rg BT 464.27 646.90 Td ( ) Tj ET Q q 0 0 0 rg BT 466.42 646.90 Td (As ) Tj ET Q q 0 0 0 rg BT 481.94 646.90 Td (of ) Tj ET Q q 0 0 0 rg BT 493.79 646.90 Td (December ) Tj ET Q q 0 0 0 rg BT 547.21 646.90 Td (31, ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 633.70 Td (2015 ) Tj ET Q q 0 0 0 rg BT 77.03 633.70 Td (and ) Tj ET Q q 0 0 0 rg BT 98.44 633.70 Td (2014, ) Tj ET Q q 0 0 0 rg BT 129.02 633.70 Td (the ) Tj ET Q q 0 0 0 rg BT 147.37 633.70 Td (Company ) Tj ET Q q 0 0 0 rg BT 197.50 633.70 Td (was ) Tj ET Q q 0 0 0 rg BT 220.12 633.70 Td (in ) Tj ET Q q 0 0 0 rg BT 231.74 633.70 Td (compliance ) Tj ET Q q 0 0 0 rg BT 290.43 633.70 Td (with ) Tj ET Q q 0 0 0 rg BT 313.05 633.70 Td (the ) Tj ET Q q 0 0 0 rg BT 331.40 633.70 Td (respective ) Tj ET Q q 0 0 0 rg BT 384.59 633.70 Td (covenants. ) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 49.50 595.30 Td (NOTE ) Tj ET Q q 0 0 0 rg BT 83.11 595.30 Td (5 ) Tj ET Q q 0 0 0 rg BT 92.29 595.30 Td (- ) Tj ET Q q 0 0 0 rg BT 99.01 595.30 Td (V) Tj ET Q q 0 0 0 rg BT 105.53 595.30 Td (ARIABLE ) Tj ET Q q 0 0 0 rg BT 157.47 595.30 Td (INTEREST ) Tj ET Q q 0 0 0 rg BT 214.92 595.30 Td (ENTITIES) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 568.90 Td (Based ) Tj ET Q q 0 0 0 rg BT 82.87 568.90 Td (upon ) Tj ET Q q 0 0 0 rg BT 109.52 568.90 Td (the ) Tj ET Q q 0 0 0 rg BT 127.00 568.90 Td (criteria ) Tj ET Q q 0 0 0 rg BT 162.18 568.90 Td (set ) Tj ET Q q 0 0 0 rg BT 179.04 568.90 Td (forth ) Tj ET Q q 0 0 0 rg BT 203.23 568.90 Td (in ) Tj ET Q q 0 0 0 rg BT 213.54 568.90 Td (ASC ) Tj ET Q q 0 0 0 rg BT 238.34 568.90 Td (810, ) Tj ET Q q 0 0 0 rg BT 261.93 568.90 Td (the ) Tj ET Q q 0 0 0 rg BT 279.41 568.90 Td (Company ) Tj ET Q q 0 0 0 rg BT 328.66 568.90 Td (has ) Tj ET Q q 0 0 0 rg BT 348.58 568.90 Td (determined ) Tj ET Q q 0 0 0 rg BT 405.80 568.90 Td (for ) Tj ET Q q 0 0 0 rg BT 420.81 568.90 Td (the ) Tj ET Q q 0 0 0 rg BT 438.29 568.90 Td (periods ) Tj ET Q q 0 0 0 rg BT 476.55 568.90 Td (ending ) Tj ET Q q 0 0 0 rg BT 511.76 568.90 Td (December ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 555.70 Td (31, ) Tj ET Q q 0 0 0 rg BT 67.73 555.70 Td (2015 ) Tj ET Q q 0 0 0 rg BT 95.15 555.70 Td (and ) Tj ET Q q 0 0 0 rg BT 116.44 555.70 Td (2014, ) Tj ET Q q 0 0 0 rg BT 146.91 555.70 Td (that ) Tj ET Q q 0 0 0 rg BT 168.20 555.70 Td (it ) Tj ET Q q 0 0 0 rg BT 176.65 555.70 Td (was ) Tj ET Q q 0 0 0 rg BT 199.15 555.70 Td (the ) Tj ET Q q 0 0 0 rg BT 217.39 555.70 Td (primary ) Tj ET Q q 0 0 0 rg BT 257.00 555.70 Td (beneficiary ) Tj ET Q q 0 0 0 rg BT 313.14 555.70 Td (in ) Tj ET Q q 0 0 0 rg BT 324.64 555.70 Td (seven ) Tj ET Q q 0 0 0 rg BT 356.94 555.70 Td (and ) Tj ET Q q 0 0 0 rg BT 378.23 555.70 Td (five ) Tj ET Q q 0 0 0 rg BT 398.29 555.70 Td (VIEs, ) Tj ET Q q 0 0 0 rg BT 427.52 555.70 Td (respectively) Tj ET Q q 0 0 0 rg BT 484.78 555.70 Td (. ) Tj ET Q q 0 0 0 rg BT 490.78 555.70 Td ( ) Tj ET Q q 0 0 0 rg BT 493.53 555.70 Td (The ) Tj ET Q q 0 0 0 rg BT 515.43 555.70 Td (Company ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 542.50 Td (has ) Tj ET Q q 0 0 0 rg BT 71.26 542.50 Td (determined ) Tj ET Q q 0 0 0 rg BT 130.32 542.50 Td (it ) Tj ET Q q 0 0 0 rg BT 139.85 542.50 Td (is ) Tj ET Q q 0 0 0 rg BT 151.82 542.50 Td (the ) Tj ET Q q 0 0 0 rg BT 171.14 542.50 Td (primary ) Tj ET Q q 0 0 0 rg BT 211.84 542.50 Td (beneficiary ) Tj ET Q q 0 0 0 rg BT 269.06 542.50 Td (because ) Tj ET Q q 0 0 0 rg BT 314.68 542.50 Td (it ) Tj ET Q q 0 0 0 rg BT 324.21 542.50 Td (has ) Tj ET Q q 0 0 0 rg BT 345.97 542.50 Td (the ) Tj ET Q q 0 0 0 rg BT 365.29 542.50 Td (obligation ) Tj ET Q q 0 0 0 rg BT 416.41 542.50 Td (to ) Tj ET Q q 0 0 0 rg BT 429.61 542.50 Td (absorb ) Tj ET Q q 0 0 0 rg BT 467.27 542.50 Td (losses ) Tj ET Q q 0 0 0 rg BT 502.48 542.50 Td (in ) Tj ET Q q 0 0 0 rg BT 515.07 542.50 Td (excess ) Tj ET Q q 0 0 0 rg BT 553.33 542.50 Td (of ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 529.30 Td (budgeted ) Tj ET Q q 0 0 0 rg BT 98.83 529.30 Td (amounts ) Tj ET Q q 0 0 0 rg BT 144.47 529.30 Td (as ) Tj ET Q q 0 0 0 rg BT 159.54 529.30 Td (well ) Tj ET Q q 0 0 0 rg BT 181.94 529.30 Td (as ) Tj ET Q q 0 0 0 rg BT 197.01 529.30 Td (the ) Tj ET Q q 0 0 0 rg BT 215.76 529.30 Td (power ) Tj ET Q q 0 0 0 rg BT 249.17 529.30 Td (to ) Tj ET Q q 0 0 0 rg BT 261.79 529.30 Td (direct ) Tj ET Q q 0 0 0 rg BT 292.14 529.30 Td (the ) Tj ET Q q 0 0 0 rg BT 310.89 529.30 Td (activities ) Tj ET Q q 0 0 0 rg BT 356.52 529.30 Td (that ) Tj ET Q q 0 0 0 rg BT 378.32 529.30 Td (are ) Tj ET Q q 0 0 0 rg BT 397.67 529.30 Td (considered ) Tj ET Q q 0 0 0 rg BT 454.93 529.30 Td (most ) Tj ET Q q 0 0 0 rg BT 482.22 529.30 Td (significant ) Tj ET Q q 0 0 0 rg BT 534.59 529.30 Td (to ) Tj ET Q q 0 0 0 rg BT 547.21 529.30 Td (the ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 516.10 Td (entities. ) Tj ET Q q 0 0 0 rg BT 89.94 516.10 Td (Thus, ) Tj ET Q q 0 0 0 rg BT 120.16 516.10 Td (the ) Tj ET Q q 0 0 0 rg BT 138.17 516.10 Td (Company) Tj ET Q q 0 0 0 rg BT 187.49 516.10 Td (s ) Tj ET Q q 0 0 0 rg BT 195.70 516.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 260.18 516.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 303.24 516.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 359.76 516.10 Td (include ) Tj ET Q q 0 0 0 rg BT 397.32 516.10 Td (the ) Tj ET Q q 0 0 0 rg BT 415.33 516.10 Td (assets, ) Tj ET Q q 0 0 0 rg BT 452.88 516.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 497.17 516.10 Td (and ) Tj ET Q q 0 0 0 rg BT 518.23 516.10 Td (results ) Tj ET Q q 0 0 0 rg BT 553.34 516.10 Td (of ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 502.90 Td (operations ) Tj ET Q q 0 0 0 rg BT 104.05 502.90 Td (of ) Tj ET Q q 0 0 0 rg BT 116.40 502.90 Td (the ) Tj ET Q q 0 0 0 rg BT 134.87 502.90 Td (VIEs ) Tj ET Q q 0 0 0 rg BT 161.27 502.90 Td (for ) Tj ET Q q 0 0 0 rg BT 177.29 502.90 Td (which ) Tj ET Q q 0 0 0 rg BT 208.59 502.90 Td (it ) Tj ET Q q 0 0 0 rg BT 217.27 502.90 Td (has ) Tj ET Q q 0 0 0 rg BT 238.18 502.90 Td (determined ) Tj ET Q q 0 0 0 rg BT 296.39 502.90 Td (it ) Tj ET Q q 0 0 0 rg BT 305.06 502.90 Td (is ) Tj ET Q q 0 0 0 rg BT 316.19 502.90 Td (the ) Tj ET Q q 0 0 0 rg BT 334.65 502.90 Td (primary ) Tj ET Q q 0 0 0 rg BT 374.50 502.90 Td (beneficiary) Tj ET Q q 0 0 0 rg BT 426.88 502.90 Td (, ) Tj ET Q q 0 0 0 rg BT 433.11 502.90 Td (even ) Tj ET Q q 0 0 0 rg BT 460.14 502.90 Td (though ) Tj ET Q q 0 0 0 rg BT 496.96 502.90 Td (the ) Tj ET Q q 0 0 0 rg BT 515.43 502.90 Td (Company ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 489.70 Td (has ) Tj ET Q q 0 0 0 rg BT 69.94 489.70 Td (no ) Tj ET Q q 0 0 0 rg BT 84.88 489.70 Td (ownership ) Tj ET Q q 0 0 0 rg BT 137.73 489.70 Td (interest ) Tj ET Q q 0 0 0 rg BT 176.50 489.70 Td (in ) Tj ET Q q 0 0 0 rg BT 187.77 489.70 Td (the ) Tj ET Q q 0 0 0 rg BT 205.77 489.70 Td (VIEs. ) Tj ET Q q 0 0 0 rg BT 234.58 489.70 Td (The ) Tj ET Q q 0 0 0 rg BT 256.24 489.70 Td (operations ) Tj ET Q q 0 0 0 rg BT 310.32 489.70 Td (of ) Tj ET Q q 0 0 0 rg BT 322.20 489.70 Td (the ) Tj ET Q q 0 0 0 rg BT 340.20 489.70 Td (VIEs ) Tj ET Q q 0 0 0 rg BT 366.13 489.70 Td (are ) Tj ET Q q 0 0 0 rg BT 384.74 489.70 Td (included ) Tj ET Q q 0 0 0 rg BT 428.42 489.70 Td (in ) Tj ET Q q 0 0 0 rg BT 439.68 489.70 Td (the ) Tj ET Q q 0 0 0 rg BT 457.68 489.70 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 522.15 489.70 Td (financial ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 476.50 Td (statements ) Tj ET Q q 0 0 0 rg BT 106.40 476.50 Td (as ) Tj ET Q q 0 0 0 rg BT 121.12 476.50 Td (Noncontrolling ) Tj ET Q q 0 0 0 rg BT 194.53 476.50 Td (Interests. ) Tj ET Q q 0 0 0 rg BT 242.87 476.50 Td ( ) Tj ET Q q 0 0 0 rg BT 245.97 476.50 Td (Creditors ) Tj ET Q q 0 0 0 rg BT 293.69 476.50 Td (of ) Tj ET Q q 0 0 0 rg BT 305.96 476.50 Td (the ) Tj ET Q q 0 0 0 rg BT 324.35 476.50 Td (VIEs ) Tj ET Q q 0 0 0 rg BT 350.68 476.50 Td (have ) Tj ET Q q 0 0 0 rg BT 377.63 476.50 Td (no ) Tj ET Q q 0 0 0 rg BT 392.97 476.50 Td (recourse ) Tj ET Q q 0 0 0 rg BT 438.86 476.50 Td (against ) Tj ET Q q 0 0 0 rg BT 477.43 476.50 Td (the ) Tj ET Q q 0 0 0 rg BT 495.82 476.50 Td (general ) Tj ET Q q 0 0 0 rg BT 535.61 476.50 Td (credit ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 463.30 Td (of ) Tj ET Q q 0 0 0 rg BT 61.73 463.30 Td (CCSS ) Tj ET Q q 0 0 0 rg BT 95.35 463.30 Td (and ) Tj ET Q q 0 0 0 rg BT 116.76 463.30 Td (the ) Tj ET Q q 0 0 0 rg BT 135.10 463.30 Td (assets ) Tj ET Q q 0 0 0 rg BT 169.95 463.30 Td (of ) Tj ET Q q 0 0 0 rg BT 182.18 463.30 Td (CCSS ) Tj ET Q q 0 0 0 rg BT 215.80 463.30 Td (are ) Tj ET Q q 0 0 0 rg BT 234.75 463.30 Td (not ) Tj ET Q q 0 0 0 rg BT 253.10 463.30 Td (collateral ) Tj ET Q q 0 0 0 rg BT 300.18 463.30 Td (for ) Tj ET Q q 0 0 0 rg BT 316.07 463.30 Td (any ) Tj ET Q q 0 0 0 rg BT 336.86 463.30 Td (VIE ) Tj ET Q q 0 0 0 rg BT 357.65 463.30 Td (obligations. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 438.10 Td (All of the VIEs lease RC Facilities with the purpose of producing refined coal to generate tax credits that ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 424.90 Td (are available under Section 45 of the Internal Revenue Code. Each entity) Tj ET Q q 0 0 0 rg BT 407.64 424.90 Td (s operations include leasing an ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 411.70 Td (RC facility located and operated at a coal-fired generation station \(Station\), the purchase of feedstock ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 398.50 Td (coal from the Station owner \(Generator\), application of Chemicals to the coal feedstock to produce ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 385.30 Td (refined coal, and the subsequent sale of the refined coal back to the Generator) Tj ET Q q 0 0 0 rg BT 431.70 385.30 Td (. Included in the ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 372.10 Td (Consolidated Statement of Operations were losses related to the VIEs of $213,746, $132,237 and ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 358.90 Td ($77,814 for the years ended December 31, 2015, 2014, and 2013, respectively) Tj ET Q q 0 0 0 rg BT 432.72 358.90 Td (.) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 49.50 319.30 Td (NOTE ) Tj ET Q q 0 0 0 rg BT 83.11 319.30 Td (6 ) Tj ET Q q 0 0 0 rg BT 92.29 319.30 Td (- ) Tj ET Q q 0 0 0 rg BT 99.01 319.30 Td (RELA) Tj ET Q q 0 0 0 rg BT 128.13 319.30 Td (TED ) Tj ET Q q 0 0 0 rg BT 153.19 319.30 Td (P) Tj ET Q q 0 0 0 rg BT 159.71 319.30 Td (ARTY) Tj ET Q q 0 0 0 rg BT 189.45 319.30 Td ( ) Tj ET Q q 0 0 0 rg BT 192.51 319.30 Td (TRANSACTIONS) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 49.50 292.90 Td (CCS ) Tj ET Q q 0 0 0 rg BT 75.78 292.90 Td (- ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 267.70 Td (The ) Tj ET Q q 0 0 0 rg BT 72.33 267.70 Td (Company ) Tj ET Q q 0 0 0 rg BT 123.28 267.70 Td (operates ) Tj ET Q q 0 0 0 rg BT 169.97 267.70 Td (and ) Tj ET Q q 0 0 0 rg BT 192.19 267.70 Td (maintains ) Tj ET Q q 0 0 0 rg BT 243.15 267.70 Td (RC ) Tj ET Q q 0 0 0 rg BT 262.91 267.70 Td (Facilities ) Tj ET Q q 0 0 0 rg BT 309.57 267.70 Td (for ) Tj ET Q q 0 0 0 rg BT 326.29 267.70 Td (Clean ) Tj ET Q q 0 0 0 rg BT 358.90 267.70 Td (Coal ) Tj ET Q q 0 0 0 rg BT 385.40 267.70 Td (Solutions, ) Tj ET Q q 0 0 0 rg BT 437.58 267.70 Td (LLC ) Tj ET Q q 0 0 0 rg BT 461.64 267.70 Td (\(CCS\), ) Tj ET Q q 0 0 0 rg BT 506.45 267.70 Td (which ) Tj ET Q q 0 0 0 rg BT 538.44 267.70 Td (is ) Tj ET Q q 0 0 0 rg BT 550.26 267.70 Td (an ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 254.50 Td (af) Tj ET Q q 0 0 0 rg BT 58.48 254.50 Td (filiated ) Tj ET Q q 0 0 0 rg BT 93.52 254.50 Td (company ) Tj ET Q q 0 0 0 rg BT 141.40 254.50 Td (through ) Tj ET Q q 0 0 0 rg BT 181.95 254.50 Td (common ) Tj ET Q q 0 0 0 rg BT 227.38 254.50 Td (ownership ) Tj ET Q q 0 0 0 rg BT 280.76 254.50 Td (of ) Tj ET Q q 0 0 0 rg BT 293.18 254.50 Td (the ) Tj ET Q q 0 0 0 rg BT 311.72 254.50 Td (Members ) Tj ET Q q 0 0 0 rg BT 360.80 254.50 Td (and ) Tj ET Q q 0 0 0 rg BT 382.40 254.50 Td (is ) Tj ET Q q 0 0 0 rg BT 393.59 254.50 Td (not ) Tj ET Q q 0 0 0 rg BT 412.13 254.50 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 477.14 254.50 Td (with ) Tj ET Q q 0 0 0 rg BT 499.95 254.50 Td (the ) Tj ET Q q 0 0 0 rg BT 518.49 254.50 Td (accounts ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 241.30 Td (of ) Tj ET Q q 0 0 0 rg BT 62.37 241.30 Td (the ) Tj ET Q q 0 0 0 rg BT 81.35 241.30 Td (Company) Tj ET Q q 0 0 0 rg BT 127.62 241.30 Td (. ) Tj ET Q q 0 0 0 rg BT 134.37 241.30 Td (CCS ) Tj ET Q q 0 0 0 rg BT 161.29 241.30 Td (develops, ) Tj ET Q q 0 0 0 rg BT 212.07 241.30 Td (operates ) Tj ET Q q 0 0 0 rg BT 258.57 241.30 Td (and ) Tj ET Q q 0 0 0 rg BT 280.62 241.30 Td (leases ) Tj ET Q q 0 0 0 rg BT 316.11 241.30 Td (RC ) Tj ET Q q 0 0 0 rg BT 335.69 241.30 Td (Facilities. ) Tj ET Q q 0 0 0 rg BT 385.23 241.30 Td ( ) Tj ET Q q 0 0 0 rg BT 388.93 241.30 Td (CCS ) Tj ET Q q 0 0 0 rg BT 415.85 241.30 Td (pays ) Tj ET Q q 0 0 0 rg BT 442.78 241.30 Td (the ) Tj ET Q q 0 0 0 rg BT 461.76 241.30 Td (Company) Tj ET Q q 0 0 0 rg BT 508.02 241.30 Td (, ) Tj ET Q q 0 0 0 rg BT 514.77 241.30 Td (subject ) Tj ET Q q 0 0 0 rg BT 553.32 241.30 Td (to ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 228.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 85.92 228.10 Td (limitations, ) Tj ET Q q 0 0 0 rg BT 141.28 228.10 Td (a ) Tj ET Q q 0 0 0 rg BT 150.80 228.10 Td (fee ) Tj ET Q q 0 0 0 rg BT 169.49 228.10 Td (for ) Tj ET Q q 0 0 0 rg BT 185.73 228.10 Td (procuring ) Tj ET Q q 0 0 0 rg BT 234.99 228.10 Td (Chemicals ) Tj ET Q q 0 0 0 rg BT 289.73 228.10 Td (necessary ) Tj ET Q q 0 0 0 rg BT 343.27 228.10 Td (for ) Tj ET Q q 0 0 0 rg BT 359.51 228.10 Td (the ) Tj ET Q q 0 0 0 rg BT 378.20 228.10 Td (production ) Tj ET Q q 0 0 0 rg BT 432.97 228.10 Td (of ) Tj ET Q q 0 0 0 rg BT 445.54 228.10 Td (refined ) Tj ET Q q 0 0 0 rg BT 482.58 228.10 Td (coal, ) Tj ET Q q 0 0 0 rg BT 509.21 228.10 Td (and ) Tj ET Q q 0 0 0 rg BT 530.97 228.10 Td (for ) Tj ET Q q 0 0 0 rg BT 547.21 228.10 Td (the ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 214.90 Td (operating ) Tj ET Q q 0 0 0 rg BT 98.43 214.90 Td (and ) Tj ET Q q 0 0 0 rg BT 119.83 214.90 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 185.88 214.90 Td (costs ) Tj ET Q q 0 0 0 rg BT 214.61 214.90 Td (associated ) Tj ET Q q 0 0 0 rg BT 270.25 214.90 Td (with ) Tj ET Q q 0 0 0 rg BT 292.87 214.90 Td (the ) Tj ET Q q 0 0 0 rg BT 311.22 214.90 Td (RC ) Tj ET Q q 0 0 0 rg BT 330.16 214.90 Td (Facilities ) Tj ET Q q 0 0 0 rg BT 376.00 214.90 Td (it ) Tj ET Q q 0 0 0 rg BT 384.56 214.90 Td (owns. ) Tj ET Q q 0 0 0 rg BT 416.35 214.90 Td ( ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 189.70 Td (The ) Tj ET Q q 0 0 0 rg BT 73.34 189.70 Td (Company ) Tj ET Q q 0 0 0 rg BT 125.31 189.70 Td (had ) Tj ET Q q 0 0 0 rg BT 148.55 189.70 Td ($3,953 ) Tj ET Q q 0 0 0 rg BT 187.09 189.70 Td (and ) Tj ET Q q 0 0 0 rg BT 210.33 189.70 Td ($5,612 ) Tj ET Q q 0 0 0 rg BT 248.87 189.70 Td (in ) Tj ET Q q 0 0 0 rg BT 262.32 189.70 Td (related ) Tj ET Q q 0 0 0 rg BT 300.84 189.70 Td (party ) Tj ET Q q 0 0 0 rg BT 330.18 189.70 Td (receivables ) Tj ET Q q 0 0 0 rg BT 390.71 189.70 Td (for ) Tj ET Q q 0 0 0 rg BT 408.44 189.70 Td (operational ) Tj ET Q q 0 0 0 rg BT 467.76 189.70 Td (costs ) Tj ET Q q 0 0 0 rg BT 498.32 189.70 Td (from ) Tj ET Q q 0 0 0 rg BT 525.21 189.70 Td (CCS ) Tj ET Q q 0 0 0 rg BT 553.33 189.70 Td (at ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 176.50 Td (December ) Tj ET Q q 0 0 0 rg BT 104.62 176.50 Td (31, ) Tj ET Q q 0 0 0 rg BT 124.29 176.50 Td (2015 ) Tj ET Q q 0 0 0 rg BT 153.14 176.50 Td (and ) Tj ET Q q 0 0 0 rg BT 175.88 176.50 Td (2014, ) Tj ET Q q 0 0 0 rg BT 207.78 176.50 Td (respectively) Tj ET Q q 0 0 0 rg BT 265.04 176.50 Td (. ) Tj ET Q q 0 0 0 rg BT 272.48 176.50 Td ( ) Tj ET Q q 0 0 0 rg BT 276.57 176.50 Td (The ) Tj ET Q q 0 0 0 rg BT 299.91 176.50 Td (amount ) Tj ET Q q 0 0 0 rg BT 340.98 176.50 Td (payable ) Tj ET Q q 0 0 0 rg BT 383.89 176.50 Td (to ) Tj ET Q q 0 0 0 rg BT 397.44 176.50 Td (CCS ) Tj ET Q q 0 0 0 rg BT 425.05 176.50 Td (by ) Tj ET Q q 0 0 0 rg BT 441.05 176.50 Td (VIEs ) Tj ET Q q 0 0 0 rg BT 468.66 176.50 Td (of ) Tj ET Q q 0 0 0 rg BT 482.21 176.50 Td (the ) Tj ET Q q 0 0 0 rg BT 501.88 176.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 553.34 176.50 Td (at ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 163.30 Td (December ) Tj ET Q q 0 0 0 rg BT 103.30 163.30 Td (31, ) Tj ET Q q 0 0 0 rg BT 121.64 163.30 Td (2015 ) Tj ET Q q 0 0 0 rg BT 149.17 163.30 Td (was ) Tj ET Q q 0 0 0 rg BT 171.79 163.30 Td ($0 ) Tj ET Q q 0 0 0 rg BT 187.08 163.30 Td (and ) Tj ET Q q 0 0 0 rg BT 208.49 163.30 Td ($21, ) Tj ET Q q 0 0 0 rg BT 232.96 163.30 Td (respectively) Tj ET Q q 0 0 0 rg BT 290.22 163.30 Td (. ) Tj ET Q q 0 0 0 rg BT 296.33 163.30 Td ( ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 136.90 Td (The ) Tj ET Q q 0 0 0 rg BT 71.97 136.90 Td (Company ) Tj ET Q q 0 0 0 rg BT 122.56 136.90 Td (also ) Tj ET Q q 0 0 0 rg BT 146.25 136.90 Td (recognized ) Tj ET Q q 0 0 0 rg BT 203.58 136.90 Td (revenues ) Tj ET Q q 0 0 0 rg BT 252.34 136.90 Td (from ) Tj ET Q q 0 0 0 rg BT 277.85 136.90 Td (CCS ) Tj ET Q q 0 0 0 rg BT 304.59 136.90 Td (in ) Tj ET Q q 0 0 0 rg BT 316.66 136.90 Td (the ) Tj ET Q q 0 0 0 rg BT 335.47 136.90 Td (amount ) Tj ET Q q 0 0 0 rg BT 375.67 136.90 Td (of ) Tj ET Q q 0 0 0 rg BT 388.36 136.90 Td ($12,643, ) Tj ET Q q 0 0 0 rg BT 434.69 136.90 Td ($8,746 ) Tj ET Q q 0 0 0 rg BT 471.85 136.90 Td (and ) Tj ET Q q 0 0 0 rg BT 493.71 136.90 Td ($6,057 ) Tj ET Q q 0 0 0 rg BT 530.87 136.90 Td (for ) Tj ET Q q 0 0 0 rg BT 547.22 136.90 Td (the ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 123.70 Td (years ) Tj ET Q q 0 0 0 rg BT 79.45 123.70 Td (ended ) Tj ET Q q 0 0 0 rg BT 113.10 123.70 Td (December ) Tj ET Q q 0 0 0 rg BT 166.90 123.70 Td (31, ) Tj ET Q q 0 0 0 rg BT 185.24 123.70 Td (2015, ) Tj ET Q q 0 0 0 rg BT 215.83 123.70 Td (2014 ) Tj ET Q q 0 0 0 rg BT 243.35 123.70 Td (and ) Tj ET Q q 0 0 0 rg BT 264.76 123.70 Td (2013, ) Tj ET Q q 0 0 0 rg BT 295.35 123.70 Td (respectively) Tj ET Q q 0 0 0 rg BT 352.61 123.70 Td (. ) Tj ET Q q 0 0 0 rg BT 358.72 123.70 Td ( ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 49.50 98.50 Td (ADA) Tj ET Q q 0 0 0 rg BT 71.71 98.50 Td ( ) Tj ET Q q 0 0 0 rg BT 74.77 98.50 Td (- ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 73.30 Td (During ) Tj ET Q q 0 0 0 rg BT 85.57 73.30 Td (2015, ) Tj ET Q q 0 0 0 rg BT 116.76 73.30 Td (2014, ) Tj ET Q q 0 0 0 rg BT 147.95 73.30 Td (and ) Tj ET Q q 0 0 0 rg BT 169.97 73.30 Td (2013, ) Tj ET Q q 0 0 0 rg BT 201.16 73.30 Td (excluding ) Tj ET Q q 0 0 0 rg BT 251.30 73.30 Td (capital ) Tj ET Q q 0 0 0 rg BT 286.77 73.30 Td (distributions, ) Tj ET Q q 0 0 0 rg BT 352.18 73.30 Td (the ) Tj ET Q q 0 0 0 rg BT 371.14 73.30 Td (Company ) Tj ET Q q 0 0 0 rg BT 421.88 73.30 Td (incurred ) Tj ET Q q 0 0 0 rg BT 465.29 73.30 Td (expenses ) Tj ET Q q 0 0 0 rg BT 516.04 73.30 Td (related ) Tj ET Q q 0 0 0 rg BT 553.34 73.30 Td (to ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 60.10 Td (labor ) Tj ET Q q 0 0 0 rg BT 77.02 60.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 105.75 60.10 Td (and ) Tj ET Q q 0 0 0 rg BT 127.16 60.10 Td (engineering ) Tj ET Q q 0 0 0 rg BT 187.70 60.10 Td (services ) Tj ET Q q 0 0 0 rg BT 231.10 60.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 276.35 60.10 Td (by ) Tj ET Q q 0 0 0 rg BT 290.42 60.10 Td (ADA) Tj ET Q q 0 0 0 rg BT 312.43 60.10 Td ( ) Tj ET Q q 0 0 0 rg BT 315.49 60.10 Td (in ) Tj ET Q q 0 0 0 rg BT 327.10 60.10 Td (the ) Tj ET Q q 0 0 0 rg BT 345.45 60.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 385.20 60.10 Td (of ) Tj ET Q q 0 0 0 rg BT 397.43 60.10 Td ($96, ) Tj ET Q q 0 0 0 rg BT 421.89 60.10 Td ($309 ) Tj ET Q q 0 0 0 rg BT 449.42 60.10 Td (and ) Tj ET Q q 0 0 0 rg BT 470.83 60.10 Td ($437, ) Tj ET Q q 0 0 0 rg BT 501.41 60.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 558.67 60.10 Td (.) Tj ET Q endstream endobj 359 0 obj <> endobj 360 0 obj <> stream BT /F5 11.00 Tf ET q 0 0 0 rg BT 193.40 771.50 Td (CLEAN COAL) Tj ET Q q 0 0 0 rg BT 265.31 771.50 Td ( SOLUTIONS SER) Tj ET Q q 0 0 0 rg BT 358.01 771.50 Td (VICES, LLC) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 163.80 758.30 Td (NOTES T) Tj ET Q q 0 0 0 rg BT 211.27 758.30 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 288.07 758.30 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 372.19 758.30 Td ( ST) Tj ET Q q 0 0 0 rg BT 388.49 758.30 Td (A) Tj ET Q q 0 0 0 rg BT 395.62 758.30 Td (TEMENTS) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 209.65 745.10 Td (DECEMBER 31, 2015, 2014, and 2013) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 112.20 731.90 Td (\(Information as of and for the year ended December 31, 2013 is unaudited\)) Tj ET Q BT /F8 11.00 Tf ET q 0 0 0 rg BT 268.10 718.70 Td (\(in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 33.60 Td (176) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 49.50 698.50 Td (NexGen ) Tj ET Q q 0 0 0 rg BT 92.91 698.50 Td (- ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 673.30 Td (During the years ended December 31, 2015, 2014 and 2013, the Company incurred certain technology ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 660.10 Td (costs payable to NexGen in the amounts of $0, $4 and $6, respectively) Tj ET Q q 0 0 0 rg BT 393.56 660.10 Td (.) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 49.50 620.50 Td (NOTE ) Tj ET Q q 0 0 0 rg BT 83.11 620.50 Td (7 ) Tj ET Q q 0 0 0 rg BT 92.29 620.50 Td (- ) Tj ET Q q 0 0 0 rg BT 99.01 620.50 Td (COMMITMENTS) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 49.50 594.10 Td (401k ) Tj ET Q q 0 0 0 rg BT 76.41 594.10 Td (Profit ) Tj ET Q q 0 0 0 rg BT 105.14 594.10 Td (Sharing ) Tj ET Q q 0 0 0 rg BT 146.11 594.10 Td (Plan ) Tj ET Q q 0 0 0 rg BT 171.18 594.10 Td (and ) Tj ET Q q 0 0 0 rg BT 192.59 594.10 Td (Other ) Tj ET Q q 0 0 0 rg BT 223.16 594.10 Td (Benefits ) Tj ET Q q 0 0 0 rg BT 265.96 594.10 Td (- ) Tj ET Q q 0 0 0 rg BT 272.68 594.10 Td ( ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 568.90 Td (The ) Tj ET Q q 0 0 0 rg BT 71.20 568.90 Td (Company ) Tj ET Q q 0 0 0 rg BT 121.02 568.90 Td (of) Tj ET Q q 0 0 0 rg BT 129.99 568.90 Td (fers ) Tj ET Q q 0 0 0 rg BT 151.07 568.90 Td (a ) Tj ET Q q 0 0 0 rg BT 159.93 568.90 Td (defined ) Tj ET Q q 0 0 0 rg BT 198.76 568.90 Td (contribution ) Tj ET Q q 0 0 0 rg BT 258.38 568.90 Td (and ) Tj ET Q q 0 0 0 rg BT 279.47 568.90 Td (profit ) Tj ET Q q 0 0 0 rg BT 306.67 568.90 Td (sharing ) Tj ET Q q 0 0 0 rg BT 345.49 568.90 Td (plan ) Tj ET Q q 0 0 0 rg BT 369.03 568.90 Td (to ) Tj ET Q q 0 0 0 rg BT 380.94 568.90 Td (employees ) Tj ET Q q 0 0 0 rg BT 436.88 568.90 Td (who ) Tj ET Q q 0 0 0 rg BT 459.80 568.90 Td (are ) Tj ET Q q 0 0 0 rg BT 478.45 568.90 Td (over ) Tj ET Q q 0 0 0 rg BT 502.59 568.90 Td (18 ) Tj ET Q q 0 0 0 rg BT 517.56 568.90 Td (and ) Tj ET Q q 0 0 0 rg BT 538.66 568.90 Td (have ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 555.70 Td (been ) Tj ET Q q 0 0 0 rg BT 77.16 555.70 Td (employed ) Tj ET Q q 0 0 0 rg BT 128.04 555.70 Td (by ) Tj ET Q q 0 0 0 rg BT 142.84 555.70 Td (the ) Tj ET Q q 0 0 0 rg BT 161.31 555.70 Td (Company ) Tj ET Q q 0 0 0 rg BT 211.58 555.70 Td (for ) Tj ET Q q 0 0 0 rg BT 227.60 555.70 Td (more ) Tj ET Q q 0 0 0 rg BT 255.84 555.70 Td (than ) Tj ET Q q 0 0 0 rg BT 280.44 555.70 Td (30 ) Tj ET Q q 0 0 0 rg BT 295.86 555.70 Td (days. ) Tj ET Q q 0 0 0 rg BT 325.33 555.70 Td ( ) Tj ET Q q 0 0 0 rg BT 328.52 555.70 Td (Employees ) Tj ET Q q 0 0 0 rg BT 386.12 555.70 Td (can ) Tj ET Q q 0 0 0 rg BT 407.04 555.70 Td (deposit ) Tj ET Q q 0 0 0 rg BT 445.69 555.70 Td (up ) Tj ET Q q 0 0 0 rg BT 461.11 555.70 Td (to ) Tj ET Q q 0 0 0 rg BT 473.47 555.70 Td (80 ) Tj ET Q q 0 0 0 rg BT 488.89 555.70 Td (percent ) Tj ET Q q 0 0 0 rg BT 528.76 555.70 Td (of ) Tj ET Q q 0 0 0 rg BT 541.12 555.70 Td (their ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 542.50 Td (eligible ) Tj ET Q q 0 0 0 rg BT 86.72 542.50 Td (pay ) Tj ET Q q 0 0 0 rg BT 107.43 542.50 Td (up ) Tj ET Q q 0 0 0 rg BT 122.64 542.50 Td (to ) Tj ET Q q 0 0 0 rg BT 134.79 542.50 Td (the ) Tj ET Q q 0 0 0 rg BT 153.06 542.50 Td (statutory ) Tj ET Q q 0 0 0 rg BT 198.22 542.50 Td (limit ) Tj ET Q q 0 0 0 rg BT 220.75 542.50 Td (in ) Tj ET Q q 0 0 0 rg BT 232.28 542.50 Td (the ) Tj ET Q q 0 0 0 rg BT 250.55 542.50 Td (plan. ) Tj ET Q q 0 0 0 rg BT 277.19 542.50 Td (The ) Tj ET Q q 0 0 0 rg BT 299.12 542.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 349.17 542.50 Td (contributes ) Tj ET Q q 0 0 0 rg BT 405.95 542.50 Td (3% ) Tj ET Q q 0 0 0 rg BT 424.83 542.50 Td (of ) Tj ET Q q 0 0 0 rg BT 436.98 542.50 Td (employee) Tj ET Q q 0 0 0 rg BT 486.92 542.50 Td (s ) Tj ET Q q 0 0 0 rg BT 495.39 542.50 Td (eligible ) Tj ET Q q 0 0 0 rg BT 532.61 542.50 Td (pay ) Tj ET Q q 0 0 0 rg BT 553.32 542.50 Td (to ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 529.30 Td (the ) Tj ET Q q 0 0 0 rg BT 68.90 529.30 Td (plan. ) Tj ET Q q 0 0 0 rg BT 96.87 529.30 Td (Company ) Tj ET Q q 0 0 0 rg BT 148.06 529.30 Td (contributions ) Tj ET Q q 0 0 0 rg BT 214.54 529.30 Td (charged ) Tj ET Q q 0 0 0 rg BT 258.41 529.30 Td (to ) Tj ET Q q 0 0 0 rg BT 271.69 529.30 Td (benefits ) Tj ET Q q 0 0 0 rg BT 314.33 529.30 Td (expense ) Tj ET Q q 0 0 0 rg BT 360.03 529.30 Td (were ) Tj ET Q q 0 0 0 rg BT 387.99 529.30 Td ($396, ) Tj ET Q q 0 0 0 rg BT 419.63 529.30 Td ($265 ) Tj ET Q q 0 0 0 rg BT 448.21 529.30 Td (and ) Tj ET Q q 0 0 0 rg BT 470.68 529.30 Td ($197 ) Tj ET Q q 0 0 0 rg BT 499.26 529.30 Td (for ) Tj ET Q q 0 0 0 rg BT 516.21 529.30 Td (the ) Tj ET Q q 0 0 0 rg BT 535.62 529.30 Td (years ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 516.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 83.14 516.10 Td (December ) Tj ET Q q 0 0 0 rg BT 136.94 516.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 155.29 516.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 185.87 516.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 213.40 516.10 Td (and ) Tj ET Q q 0 0 0 rg BT 234.81 516.10 Td (2013, ) Tj ET Q q 0 0 0 rg BT 265.39 516.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 322.65 516.10 Td (. ) Tj ET Q q 0 0 0 rg BT 328.76 516.10 Td ( ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 49.50 490.90 Td (Office ) Tj ET Q q 0 0 0 rg BT 81.29 490.90 Td (Lease ) Tj ET Q q 0 0 0 rg BT 114.31 490.90 Td (- ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 465.70 Td (The ) Tj ET Q q 0 0 0 rg BT 71.51 465.70 Td (Company ) Tj ET Q q 0 0 0 rg BT 121.64 465.70 Td (leases ) Tj ET Q q 0 0 0 rg BT 156.50 465.70 Td (a ) Tj ET Q q 0 0 0 rg BT 165.67 465.70 Td (7,761 ) Tj ET Q q 0 0 0 rg BT 196.25 465.70 Td (square ) Tj ET Q q 0 0 0 rg BT 232.94 465.70 Td (foot ) Tj ET Q q 0 0 0 rg BT 254.35 465.70 Td (of) Tj ET Q q 0 0 0 rg BT 263.32 465.70 Td (fice ) Tj ET Q q 0 0 0 rg BT 283.50 465.70 Td (building ) Tj ET Q q 0 0 0 rg BT 324.47 465.70 Td (located ) Tj ET Q q 0 0 0 rg BT 363.00 465.70 Td (in ) Tj ET Q q 0 0 0 rg BT 374.62 465.70 Td (the ) Tj ET Q q 0 0 0 rg BT 392.97 465.70 Td (city ) Tj ET Q q 0 0 0 rg BT 412.52 465.70 Td (of ) Tj ET Q q 0 0 0 rg BT 424.55 465.70 Td (T) Tj ET Q q 0 0 0 rg BT 430.05 465.70 Td (own ) Tj ET Q q 0 0 0 rg BT 453.29 465.70 Td (and ) Tj ET Q q 0 0 0 rg BT 474.70 465.70 Td (Country) Tj ET Q q 0 0 0 rg BT 512.40 465.70 Td (, ) Tj ET Q q 0 0 0 rg BT 518.51 465.70 Td (Missouri. ) Tj ET Q q 0 0 0 rg BT 565.57 465.70 Td ( ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 452.50 Td (The ) Tj ET Q q 0 0 0 rg BT 70.54 452.50 Td (lease ) Tj ET Q q 0 0 0 rg BT 98.92 452.50 Td (expires ) Tj ET Q q 0 0 0 rg BT 136.46 452.50 Td (in ) Tj ET Q q 0 0 0 rg BT 147.11 452.50 Td (2022 ) Tj ET Q q 0 0 0 rg BT 173.67 452.50 Td (with ) Tj ET Q q 0 0 0 rg BT 195.31 452.50 Td (certain ) Tj ET Q q 0 0 0 rg BT 230.41 452.50 Td (annual ) Tj ET Q q 0 0 0 rg BT 265.53 452.50 Td (escalation ) Tj ET Q q 0 0 0 rg BT 317.15 452.50 Td (rates. ) Tj ET Q q 0 0 0 rg BT 346.74 452.50 Td ( ) Tj ET Q q 0 0 0 rg BT 348.83 452.50 Td (Rent ) Tj ET Q q 0 0 0 rg BT 374.15 452.50 Td (expense ) Tj ET Q q 0 0 0 rg BT 417.82 452.50 Td (for ) Tj ET Q q 0 0 0 rg BT 432.74 452.50 Td (the ) Tj ET Q q 0 0 0 rg BT 450.12 452.50 Td (years ) Tj ET Q q 0 0 0 rg BT 479.10 452.50 Td (ended ) Tj ET Q q 0 0 0 rg BT 511.77 452.50 Td (December ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 439.30 Td (31, ) Tj ET Q q 0 0 0 rg BT 67.64 439.30 Td (2015, ) Tj ET Q q 0 0 0 rg BT 98.01 439.30 Td (2014 ) Tj ET Q q 0 0 0 rg BT 125.33 439.30 Td (and ) Tj ET Q q 0 0 0 rg BT 146.52 439.30 Td (2013 ) Tj ET Q q 0 0 0 rg BT 173.84 439.30 Td (was ) Tj ET Q q 0 0 0 rg BT 196.25 439.30 Td ($149, ) Tj ET Q q 0 0 0 rg BT 226.62 439.30 Td ($149 ) Tj ET Q q 0 0 0 rg BT 253.94 439.30 Td (and ) Tj ET Q q 0 0 0 rg BT 275.14 439.30 Td ($138, ) Tj ET Q q 0 0 0 rg BT 305.51 439.30 Td (respectively) Tj ET Q q 0 0 0 rg BT 362.77 439.30 Td (. ) Tj ET Q q 0 0 0 rg BT 368.67 439.30 Td ( ) Tj ET Q q 0 0 0 rg BT 371.33 439.30 Td (The ) Tj ET Q q 0 0 0 rg BT 393.13 439.30 Td (lease ) Tj ET Q q 0 0 0 rg BT 422.28 439.30 Td (was ) Tj ET Q q 0 0 0 rg BT 444.68 439.30 Td (amended ) Tj ET Q q 0 0 0 rg BT 493.40 439.30 Td (in ) Tj ET Q q 0 0 0 rg BT 504.80 439.30 Td (2015 ) Tj ET Q q 0 0 0 rg BT 532.12 439.30 Td (to ) Tj ET Q q 0 0 0 rg BT 544.14 439.30 Td (add ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 426.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 99.65 426.10 Td (square ) Tj ET Q q 0 0 0 rg BT 136.34 426.10 Td (footage ) Tj ET Q q 0 0 0 rg BT 176.10 426.10 Td (ef) Tj ET Q q 0 0 0 rg BT 185.07 426.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 219.92 426.10 Td (September ) Tj ET Q q 0 0 0 rg BT 276.78 426.10 Td (2016. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 400.90 Td (Future minimum lease payments under the Company) Tj ET Q q 0 0 0 rg BT 310.98 400.90 Td (s of) Tj ET Q q 0 0 0 rg BT 328.51 400.90 Td (fice lease agreements, including the ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 387.70 Td (amendment, at December 31, 2015, consisted of the following:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 274 m 445.5 274 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 260 m 445.5 260 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 258 m 445.5 258 l s BT /F6 11.00 Tf ET q 0 0 0 rg BT 168.00 353.49 Td (2016) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 368.00 353.49 Td ($) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 422.90 353.49 Td (169) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 168.00 338.49 Td (2017) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 422.90 338.49 Td (205) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 168.00 323.49 Td (2018) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 422.90 323.49 Td (210) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 168.00 308.49 Td (2019) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 422.90 308.49 Td (215) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 168.00 293.49 Td (2020) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 422.90 293.49 Td (219) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 168.00 278.49 Td (Thereafter) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 422.90 278.49 Td (376) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 168.00 263.49 Td ( Total) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 368.00 263.49 Td ($) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 413.75 263.49 Td (1,394) Tj ET Q BT /F1 10.00 Tf ET BT /F7 11.00 Tf ET q 0 0 0 rg BT 49.50 233.10 Td (RC ) Tj ET Q q 0 0 0 rg BT 68.44 233.10 Td (Facility ) Tj ET Q q 0 0 0 rg BT 105.72 233.10 Td (Leases ) Tj ET Q q 0 0 0 rg BT 144.25 233.10 Td (- ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 207.90 Td (RC ) Tj ET Q q 0 0 0 rg BT 68.24 207.90 Td (Facility ) Tj ET Q q 0 0 0 rg BT 105.32 207.90 Td (leases ) Tj ET Q q 0 0 0 rg BT 139.97 207.90 Td (entered ) Tj ET Q q 0 0 0 rg BT 180.13 207.90 Td (into ) Tj ET Q q 0 0 0 rg BT 200.72 207.90 Td (by ) Tj ET Q q 0 0 0 rg BT 215.19 207.90 Td (the ) Tj ET Q q 0 0 0 rg BT 233.33 207.90 Td (VIEs ) Tj ET Q q 0 0 0 rg BT 259.42 207.90 Td (payable ) Tj ET Q q 0 0 0 rg BT 300.80 207.90 Td (to ) Tj ET Q q 0 0 0 rg BT 312.83 207.90 Td (CCS ) Tj ET Q q 0 0 0 rg BT 338.91 207.90 Td (are ) Tj ET Q q 0 0 0 rg BT 357.66 207.90 Td (generally ) Tj ET Q q 0 0 0 rg BT 405.15 207.90 Td (operating ) Tj ET Q q 0 0 0 rg BT 453.87 207.90 Td (leases ) Tj ET Q q 0 0 0 rg BT 488.52 207.90 Td (with ) Tj ET Q q 0 0 0 rg BT 510.94 207.90 Td (a ) Tj ET Q q 0 0 0 rg BT 519.91 207.90 Td (one ) Tj ET Q q 0 0 0 rg BT 541.11 207.90 Td (year ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 194.70 Td (term ) Tj ET Q q 0 0 0 rg BT 74.80 194.70 Td (with ) Tj ET Q q 0 0 0 rg BT 97.67 194.70 Td (certain ) Tj ET Q q 0 0 0 rg BT 133.98 194.70 Td (annual ) Tj ET Q q 0 0 0 rg BT 170.32 194.70 Td (renewal ) Tj ET Q q 0 0 0 rg BT 212.14 194.70 Td (rights ) Tj ET Q q 0 0 0 rg BT 242.34 194.70 Td (which ) Tj ET Q q 0 0 0 rg BT 273.77 194.70 Td (require ) Tj ET Q q 0 0 0 rg BT 311.31 194.70 Td (total ) Tj ET Q q 0 0 0 rg BT 335.41 194.70 Td (annual ) Tj ET Q q 0 0 0 rg BT 371.74 194.70 Td (payments ) Tj ET Q q 0 0 0 rg BT 422.73 194.70 Td (ranging ) Tj ET Q q 0 0 0 rg BT 462.73 194.70 Td (from ) Tj ET Q q 0 0 0 rg BT 488.03 194.70 Td ($68.5 ) Tj ET Q q 0 0 0 rg BT 518.86 194.70 Td (million ) Tj ET Q q 0 0 0 rg BT 553.34 194.70 Td (to ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 181.50 Td ($1) Tj ET Q q 0 0 0 rg BT 60.92 181.50 Td (14.9 ) Tj ET Q q 0 0 0 rg BT 85.38 181.50 Td (million ) Tj ET Q q 0 0 0 rg BT 119.61 181.50 Td (through ) Tj ET Q q 0 0 0 rg BT 159.98 181.50 Td (2021.) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 49.50 141.90 Td (NOTE ) Tj ET Q q 0 0 0 rg BT 83.11 141.90 Td (8 ) Tj ET Q q 0 0 0 rg BT 92.29 141.90 Td (- ) Tj ET Q q 0 0 0 rg BT 99.01 141.90 Td (CONCENTRA) Tj ET Q q 0 0 0 rg BT 168.46 141.90 Td (TIONS ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 115.50 Td (The ) Tj ET Q q 0 0 0 rg BT 72.88 115.50 Td (Company) Tj ET Q q 0 0 0 rg BT 122.20 115.50 Td (s ) Tj ET Q q 0 0 0 rg BT 132.13 115.50 Td (operations ) Tj ET Q q 0 0 0 rg BT 187.92 115.50 Td (are ) Tj ET Q q 0 0 0 rg BT 208.24 115.50 Td (currently ) Tj ET Q q 0 0 0 rg BT 254.85 115.50 Td (dependent ) Tj ET Q q 0 0 0 rg BT 311.27 115.50 Td (upon ) Tj ET Q q 0 0 0 rg BT 340.16 115.50 Td (a ) Tj ET Q q 0 0 0 rg BT 350.70 115.50 Td (limited ) Tj ET Q q 0 0 0 rg BT 386.92 115.50 Td (number ) Tj ET Q q 0 0 0 rg BT 428.64 115.50 Td (of ) Tj ET Q q 0 0 0 rg BT 442.23 115.50 Td (customers ) Tj ET Q q 0 0 0 rg BT 497.39 115.50 Td (for ) Tj ET Q q 0 0 0 rg BT 514.66 115.50 Td (which ) Tj ET Q q 0 0 0 rg BT 547.20 115.50 Td (the ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 102.30 Td (Company ) Tj ET Q q 0 0 0 rg BT 99.21 102.30 Td (operates ) Tj ET Q q 0 0 0 rg BT 144.65 102.30 Td (RC ) Tj ET Q q 0 0 0 rg BT 163.17 102.30 Td (Facilities. ) Tj ET Q q 0 0 0 rg BT 211.64 102.30 Td (Further) Tj ET Q q 0 0 0 rg BT 246.49 102.30 Td (, ) Tj ET Q q 0 0 0 rg BT 252.17 102.30 Td (under ) Tj ET Q q 0 0 0 rg BT 282.94 102.30 Td (the ) Tj ET Q q 0 0 0 rg BT 300.86 102.30 Td (terms ) Tj ET Q q 0 0 0 rg BT 330.99 102.30 Td (of ) Tj ET Q q 0 0 0 rg BT 342.80 102.30 Td (the ) Tj ET Q q 0 0 0 rg BT 360.72 102.30 Td (Operating ) Tj ET Q q 0 0 0 rg BT 411.13 102.30 Td (Agreements ) Tj ET Q q 0 0 0 rg BT 473.07 102.30 Td (with ) Tj ET Q q 0 0 0 rg BT 495.27 102.30 Td (the ) Tj ET Q q 0 0 0 rg BT 513.19 102.30 Td (Company) Tj ET Q q 0 0 0 rg BT 559.45 102.30 Td (, ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 89.10 Td (the ) Tj ET Q q 0 0 0 rg BT 68.11 89.10 Td (agreements ) Tj ET Q q 0 0 0 rg BT 129.51 89.10 Td (may ) Tj ET Q q 0 0 0 rg BT 153.61 89.10 Td (be ) Tj ET Q q 0 0 0 rg BT 169.17 89.10 Td (terminated ) Tj ET Q q 0 0 0 rg BT 224.45 89.10 Td (if ) Tj ET Q q 0 0 0 rg BT 233.27 89.10 Td (the ) Tj ET Q q 0 0 0 rg BT 251.88 89.10 Td (respective ) Tj ET Q q 0 0 0 rg BT 305.33 89.10 Td (RC ) Tj ET Q q 0 0 0 rg BT 324.54 89.10 Td (Facility ) Tj ET Q q 0 0 0 rg BT 362.08 89.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 391.69 89.10 Td (agreement ) Tj ET Q q 0 0 0 rg BT 447.60 89.10 Td (terminates. ) Tj ET Q q 0 0 0 rg BT 505.32 89.10 Td ( ) Tj ET Q q 0 0 0 rg BT 508.43 89.10 Td (The ) Tj ET Q q 0 0 0 rg BT 530.70 89.10 Td (leases ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 75.90 Td (may ) Tj ET Q q 0 0 0 rg BT 72.65 75.90 Td (also ) Tj ET Q q 0 0 0 rg BT 95.21 75.90 Td (be ) Tj ET Q q 0 0 0 rg BT 109.81 75.90 Td (subject ) Tj ET Q q 0 0 0 rg BT 147.04 75.90 Td (to ) Tj ET Q q 0 0 0 rg BT 158.58 75.90 Td (termination ) Tj ET Q q 0 0 0 rg BT 215.37 75.90 Td (by ) Tj ET Q q 0 0 0 rg BT 229.36 75.90 Td (the ) Tj ET Q q 0 0 0 rg BT 247.03 75.90 Td (lessee ) Tj ET Q q 0 0 0 rg BT 281.20 75.90 Td (at ) Tj ET Q q 0 0 0 rg BT 292.74 75.90 Td (periodic ) Tj ET Q q 0 0 0 rg BT 333.64 75.90 Td (intervals ) Tj ET Q q 0 0 0 rg BT 376.97 75.90 Td (or ) Tj ET Q q 0 0 0 rg BT 389.12 75.90 Td (upon ) Tj ET Q q 0 0 0 rg BT 415.97 75.90 Td (occurrence ) Tj ET Q q 0 0 0 rg BT 472.75 75.90 Td (of ) Tj ET Q q 0 0 0 rg BT 484.30 75.90 Td (specified ) Tj ET Q q 0 0 0 rg BT 530.09 75.90 Td (events ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 62.70 Td (which ) Tj ET Q q 0 0 0 rg BT 80.15 62.70 Td (include ) Tj ET Q q 0 0 0 rg BT 117.53 62.70 Td (amendments ) Tj ET Q q 0 0 0 rg BT 183.64 62.70 Td (to ) Tj ET Q q 0 0 0 rg BT 195.33 62.70 Td (Section ) Tj ET Q q 0 0 0 rg BT 234.54 62.70 Td (45 ) Tj ET Q q 0 0 0 rg BT 249.30 62.70 Td (of ) Tj ET Q q 0 0 0 rg BT 261.00 62.70 Td (the ) Tj ET Q q 0 0 0 rg BT 278.81 62.70 Td (Internal ) Tj ET Q q 0 0 0 rg BT 318.02 62.70 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 364.58 62.70 Td (Code. ) Tj ET Q q 0 0 0 rg BT 396.45 62.70 Td ( ) Tj ET Q q 0 0 0 rg BT 398.81 62.70 Td (The ) Tj ET Q q 0 0 0 rg BT 420.29 62.70 Td (termination ) Tj ET Q q 0 0 0 rg BT 477.22 62.70 Td (of ) Tj ET Q q 0 0 0 rg BT 488.92 62.70 Td (all ) Tj ET Q q 0 0 0 rg BT 502.45 62.70 Td (or ) Tj ET Q q 0 0 0 rg BT 514.75 62.70 Td (a ) Tj ET Q q 0 0 0 rg BT 523.39 62.70 Td (material ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 49.50 Td (portion ) Tj ET Q q 0 0 0 rg BT 86.61 49.50 Td (of ) Tj ET Q q 0 0 0 rg BT 99.26 49.50 Td (these ) Tj ET Q q 0 0 0 rg BT 129.64 49.50 Td (leases ) Tj ET Q q 0 0 0 rg BT 164.92 49.50 Td (would ) Tj ET Q q 0 0 0 rg BT 197.13 49.50 Td (have ) Tj ET Q q 0 0 0 rg BT 224.46 49.50 Td (a ) Tj ET Q q 0 0 0 rg BT 234.05 49.50 Td (significant ) Tj ET Q q 0 0 0 rg BT 286.44 49.50 Td (adverse ) Tj ET Q q 0 0 0 rg BT 329.05 49.50 Td (impact ) Tj ET Q q 0 0 0 rg BT 364.93 49.50 Td (on ) Tj ET Q q 0 0 0 rg BT 380.64 49.50 Td (the ) Tj ET Q q 0 0 0 rg BT 399.41 49.50 Td (Company) Tj ET Q q 0 0 0 rg BT 448.73 49.50 Td (s ) Tj ET Q q 0 0 0 rg BT 457.70 49.50 Td (future ) Tj ET Q q 0 0 0 rg BT 489.31 49.50 Td (operations ) Tj ET Q q 0 0 0 rg BT 544.15 49.50 Td (and ) Tj ET Q endstream endobj 361 0 obj <> endobj 362 0 obj <> stream BT /F5 11.00 Tf ET q 0 0 0 rg BT 193.40 771.50 Td (CLEAN COAL) Tj ET Q q 0 0 0 rg BT 265.31 771.50 Td ( SOLUTIONS SER) Tj ET Q q 0 0 0 rg BT 358.01 771.50 Td (VICES, LLC) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 163.80 758.30 Td (NOTES T) Tj ET Q q 0 0 0 rg BT 211.27 758.30 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 288.07 758.30 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 372.19 758.30 Td ( ST) Tj ET Q q 0 0 0 rg BT 388.49 758.30 Td (A) Tj ET Q q 0 0 0 rg BT 395.62 758.30 Td (TEMENTS) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 209.65 745.10 Td (DECEMBER 31, 2015, 2014, and 2013) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 112.20 731.90 Td (\(Information as of and for the year ended December 31, 2013 is unaudited\)) Tj ET Q BT /F8 11.00 Tf ET q 0 0 0 rg BT 268.10 718.70 Td (\(in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 33.60 Td (177) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 698.50 Td (financial ) Tj ET Q q 0 0 0 rg BT 92.91 698.50 Td (condition. ) Tj ET Q q 0 0 0 rg BT 143.06 698.50 Td ( ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 673.30 Td (Additionally) Tj ET Q q 0 0 0 rg BT 104.94 673.30 Td (, ) Tj ET Q q 0 0 0 rg BT 110.87 673.30 Td (the ) Tj ET Q q 0 0 0 rg BT 129.04 673.30 Td (production ) Tj ET Q q 0 0 0 rg BT 183.28 673.30 Td (of ) Tj ET Q q 0 0 0 rg BT 195.33 673.30 Td (refined ) Tj ET Q q 0 0 0 rg BT 231.84 673.30 Td (coal ) Tj ET Q q 0 0 0 rg BT 254.90 673.30 Td (by ) Tj ET Q q 0 0 0 rg BT 269.39 673.30 Td (an ) Tj ET Q q 0 0 0 rg BT 284.50 673.30 Td (RC ) Tj ET Q q 0 0 0 rg BT 303.26 673.30 Td (Facility ) Tj ET Q q 0 0 0 rg BT 340.36 673.30 Td (is ) Tj ET Q q 0 0 0 rg BT 351.18 673.30 Td (generally ) Tj ET Q q 0 0 0 rg BT 398.70 673.30 Td (dependent ) Tj ET Q q 0 0 0 rg BT 453.57 673.30 Td (upon ) Tj ET Q q 0 0 0 rg BT 480.92 673.30 Td (the ) Tj ET Q q 0 0 0 rg BT 499.08 673.30 Td (operations ) Tj ET Q q 0 0 0 rg BT 553.33 673.30 Td (of ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 660.10 Td (the ) Tj ET Q q 0 0 0 rg BT 67.82 660.10 Td (Station ) Tj ET Q q 0 0 0 rg BT 105.09 660.10 Td (where ) Tj ET Q q 0 0 0 rg BT 138.07 660.10 Td (the ) Tj ET Q q 0 0 0 rg BT 156.39 660.10 Td (RC ) Tj ET Q q 0 0 0 rg BT 175.30 660.10 Td (Facility ) Tj ET Q q 0 0 0 rg BT 212.55 660.10 Td (is ) Tj ET Q q 0 0 0 rg BT 223.52 660.10 Td (located. ) Tj ET Q q 0 0 0 rg BT 265.07 660.10 Td ( ) Tj ET Q q 0 0 0 rg BT 268.10 660.10 Td (Production ) Tj ET Q q 0 0 0 rg BT 323.71 660.10 Td (at ) Tj ET Q q 0 0 0 rg BT 335.91 660.10 Td (specific ) Tj ET Q q 0 0 0 rg BT 375.61 660.10 Td (RC ) Tj ET Q q 0 0 0 rg BT 394.52 660.10 Td (Facilities ) Tj ET Q q 0 0 0 rg BT 440.34 660.10 Td (could ) Tj ET Q q 0 0 0 rg BT 469.66 660.10 Td (be ) Tj ET Q q 0 0 0 rg BT 484.92 660.10 Td (impacted ) Tj ET Q q 0 0 0 rg BT 532.58 660.10 Td (by ) Tj ET Q q 0 0 0 rg BT 547.22 660.10 Td (the ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 646.90 Td (regional ) Tj ET Q q 0 0 0 rg BT 91.26 646.90 Td (demand ) Tj ET Q q 0 0 0 rg BT 133.63 646.90 Td (for ) Tj ET Q q 0 0 0 rg BT 149.09 646.90 Td (electricity) Tj ET Q q 0 0 0 rg BT 194.12 646.90 Td (, ) Tj ET Q q 0 0 0 rg BT 199.80 646.90 Td (the ) Tj ET Q q 0 0 0 rg BT 217.71 646.90 Td (price ) Tj ET Q q 0 0 0 rg BT 244.18 646.90 Td (and ) Tj ET Q q 0 0 0 rg BT 265.15 646.90 Td (availability ) Tj ET Q q 0 0 0 rg BT 318.52 646.90 Td (of ) Tj ET Q q 0 0 0 rg BT 330.31 646.90 Td (competing ) Tj ET Q q 0 0 0 rg BT 383.69 646.90 Td (fuels ) Tj ET Q q 0 0 0 rg BT 409.55 646.90 Td (such ) Tj ET Q q 0 0 0 rg BT 435.40 646.90 Td (as ) Tj ET Q q 0 0 0 rg BT 449.64 646.90 Td (natural ) Tj ET Q q 0 0 0 rg BT 485.90 646.90 Td (gas, ) Tj ET Q q 0 0 0 rg BT 509.31 646.90 Td (disruptions ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 633.70 Td (due ) Tj ET Q q 0 0 0 rg BT 70.16 633.70 Td (to ) Tj ET Q q 0 0 0 rg BT 81.65 633.70 Td (foreseen ) Tj ET Q q 0 0 0 rg BT 126.76 633.70 Td (or ) Tj ET Q q 0 0 0 rg BT 138.86 633.70 Td (unforeseen ) Tj ET Q q 0 0 0 rg BT 196.21 633.70 Td (Station ) Tj ET Q q 0 0 0 rg BT 232.76 633.70 Td (outages, ) Tj ET Q q 0 0 0 rg BT 277.28 633.70 Td (and ) Tj ET Q q 0 0 0 rg BT 297.94 633.70 Td (changes ) Tj ET Q q 0 0 0 rg BT 341.84 633.70 Td (in ) Tj ET Q q 0 0 0 rg BT 352.71 633.70 Td (government ) Tj ET Q q 0 0 0 rg BT 413.11 633.70 Td (regulations ) Tj ET Q q 0 0 0 rg BT 469.23 633.70 Td (related ) Tj ET Q q 0 0 0 rg BT 505.17 633.70 Td (to ) Tj ET Q q 0 0 0 rg BT 516.66 633.70 Td (electricity ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 620.50 Td (generation ) Tj ET Q q 0 0 0 rg BT 104.54 620.50 Td (or ) Tj ET Q q 0 0 0 rg BT 117.38 620.50 Td (coal ) Tj ET Q q 0 0 0 rg BT 140.62 620.50 Td (burning ) Tj ET Q q 0 0 0 rg BT 180.37 620.50 Td (activities.) 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BT /F6 11.00 Tf ET q 0 0 0 rg BT 94.00 635.54 Td (Cash) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 371.00 635.54 Td ($) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 391.30 635.54 Td (3,365,878) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 451.00 635.54 Td ($) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 472.30 635.54 Td (3,465,160) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 94.00 619.54 Td (Related party receivables) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 400.50 619.59 Td (269,460) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 510.25 619.54 Td () Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 94.00 603.54 Td (Inventory) Tj ET Q q 0 0 0 rg BT 138.43 603.54 Td (, net) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 391.30 603.54 Td (8,604,382) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 472.30 603.54 Td (8,100,602) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 88.00 588.19 Td (T) Tj ET Q q 0 0 0 rg BT 93.50 588.19 Td (otal current assets) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 385.20 588.24 Td (12,239,720) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 466.20 588.24 Td (11,565,762) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 88.00 557.19 Td (FIXED ) Tj ET Q q 0 0 0 rg BT 123.04 557.19 Td (ASSETS, NET) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 391.30 557.19 Td (2,472,399) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 472.30 557.19 Td (2,608,090) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 88.00 526.19 Td (T) Tj ET Q q 0 0 0 rg BT 94.52 526.19 Td (OT) Tj ET Q q 0 0 0 rg BT 108.98 526.19 Td (AL) Tj ET Q q 0 0 0 rg BT 123.44 526.19 Td ( ) Tj ET Q q 0 0 0 rg BT 126.09 526.19 Td (ASSETS) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 385.20 526.24 Td (14,712,119) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 466.20 526.24 Td (14,173,852) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 94.00 495.54 Td (CURRENT LIABILITIES) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 94.00 479.54 Td (Accounts payable) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 371.00 479.54 Td ($) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 400.50 479.59 Td (488,296) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 451.00 479.54 Td ($) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 481.50 479.59 Td (421,908) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 94.00 463.54 Td (Related party payables) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 400.50 463.59 Td (396,163) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 481.50 463.59 Td (684,294) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 94.00 447.54 Td (Accrued site production fees) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 400.50 447.59 Td (478,926) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 481.50 447.59 Td (365,349) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 100.00 431.54 Td (Accrued taxes and interest) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 400.50 431.59 Td (125,599) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 487.65 431.54 Td (62,704) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 88.00 416.19 Td (T) Tj ET Q q 0 0 0 rg BT 93.50 416.19 Td (otal current liabilities) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 391.30 416.19 Td (1,488,984) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 472.30 416.19 Td (1,534,255) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 94.00 384.54 Td (Secured promissory note) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 391.30 384.54 Td (7,535,347) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 472.30 384.54 Td (7,001,092) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 94.00 368.54 Td (Asset retirement obligation) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 400.50 368.59 Td (113,883) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 481.50 368.59 Td (103,173) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 88.00 353.19 Td (T) Tj ET Q q 0 0 0 rg BT 93.50 353.19 Td (otal liabilities) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 391.30 353.19 Td (9,138,214) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 472.30 353.19 Td (8,638,520) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 88.00 322.19 Td (MEMBERS' EQUITY) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 391.30 322.19 Td (5,573,905) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 472.30 322.19 Td (5,535,332) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 88.00 290.54 Td (T) Tj ET Q q 0 0 0 rg BT 94.52 290.54 Td (OT) Tj ET Q q 0 0 0 rg BT 108.98 290.54 Td (AL) Tj ET Q q 0 0 0 rg BT 123.44 290.54 Td ( LIABILITIES ) Tj ET Q q 0 0 0 rg BT 192.09 290.54 Td (AND MEMBERS' EQUITY) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 371.00 290.54 Td ($) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 385.20 290.59 Td (14,712,119) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 451.00 290.54 Td ($) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 466.20 290.59 Td (14,173,852) Tj ET Q BT /F1 10.00 Tf ET BT /F6 11.00 Tf ET q 0 0 0 rg BT 131.40 259.80 Td (The accompanying notes are an integral part of the financial statements) Tj ET Q endstream endobj 373 0 obj <> endobj 374 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (183) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 276.65 741.00 Td (RCM6, LLC) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 222.85 727.80 Td (ST) Tj ET Q q 0 0 0 rg BT 236.09 727.80 Td (A) Tj ET Q q 0 0 0 rg BT 243.22 727.80 Td (TEMENTS OF OPERA) Tj ET Q q 0 0 0 rg BT 355.46 727.80 Td (TIONS) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 223.20 714.60 Td (For the ) Tj ET Q q 0 0 0 rg BT 263.33 714.60 Td (Y) Tj ET Q q 0 0 0 rg BT 270.06 714.60 Td (ear December 31, 2015 ) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 133.60 701.40 Td (For the Period from February 10, 2014 through December 31, 2014) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373 628.7 m 453 628.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 628.7 m 457 628.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457 628.7 m 537 628.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373 583.7 m 453 583.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 583.7 m 457 583.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457 583.7 m 537 583.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373 472.70000000000005 m 453 472.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 472.70000000000005 m 457 472.70000000000005 l s 0 0 0 RG 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[] 0 d 0 J 0 j 3 M 457 203.70000000000005 m 537 203.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457 201.70000000000005 m 537 201.70000000000005 l s BT /F5 11.00 Tf ET q 0 0 0 rg BT 400.25 633.54 Td (2015) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 463.75 666.54 Td (February 10,) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 480.90 655.54 Td (2014 -) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 460.70 644.54 Td (December 31,) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 484.25 633.54 Td (2014) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 76.50 618.19 Td (REVENUES) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 82.50 603.19 Td (Refined coal sales) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 387.55 603.19 Td (119,368,536) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 471.55 603.19 Td (128,954,620) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 82.50 588.19 Td (Unrefined coal sales) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 399.80 588.19 Td (1,484,728) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 483.85 588.24 Td (2,129,743) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 88.50 573.19 Td (T) Tj ET Q q 0 0 0 rg BT 94.00 573.19 Td (otal revenues) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 387.55 573.19 Td (120,853,264) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 471.55 573.19 Td (131,084,363) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 76.50 533.54 Td (COST OF SALES \(exclusive of depreciation shown ) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 76.50 522.54 Td (separately below\)) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 82.50 507.19 Td (Coal purchases) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 387.55 507.19 Td (120,853,264) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 471.55 507.19 Td (131,084,363) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 82.50 492.19 Td (Chemicals) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 399.80 492.19 Td (4,111,025) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 483.85 492.24 Td (4,226,709) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 82.50 477.19 Td (Site, production, and related fees) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 399.80 477.19 Td (3,765,689) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 483.85 477.24 Td (4,029,909) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 88.50 462.19 Td (T) Tj ET Q q 0 0 0 rg BT 94.00 462.19 Td (otal cost of sales) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 387.55 462.19 Td (128,729,978) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 471.55 462.19 Td (139,340,981) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 76.50 432.19 Td (GROSS LOSS) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 396.20 432.24 Td (\(7,876,714) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 448.80 432.19 Td (\)) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 480.20 432.24 Td (\(8,256,618) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 532.80 432.19 Td (\)) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 76.50 402.19 Td (OPERA) Tj ET Q q 0 0 0 rg BT 114.80 402.19 Td (TING EXPENSES) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 399.80 402.19 Td (1,574,684) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 483.85 402.24 Td (1,518,982) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 76.50 372.19 Td (MANAGEMENT FEES) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 409.00 372.24 Td (443,054) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 493.00 372.24 Td (468,010) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 76.50 342.19 Td (DEPRECIA) Tj ET Q q 0 0 0 rg BT 132.53 342.19 Td (TION EXPENSE) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 409.00 342.24 Td (160,221) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 493.00 342.24 Td (136,426) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 82.50 312.19 Td (Loss from operations) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 390.00 312.19 Td (\(10,054,673) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 448.80 312.19 Td (\)) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 474.00 312.19 Td (\(10,380,036) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 532.80 312.19 Td (\)) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 76.50 282.19 Td (OTHER EXPENSE) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 82.50 267.19 Td (State taxes) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 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ET q 0 0 0 rg BT 435.70 528.39 Td (10,734,740) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 118.50 496.34 Td (Net Loss) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 432.00 496.34 Td (\(10,696,167) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 490.80 496.34 Td (\)) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 118.50 464.34 Td (Members' Equity at December 31, 2015) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 417.50 464.34 Td ($) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 441.80 464.34 Td (5,573,905) Tj ET Q BT /F1 10.00 Tf ET BT /F6 11.00 Tf ET q 0 0 0 rg BT 131.40 433.60 Td (The accompanying notes are an integral part of the financial statements) Tj ET Q endstream endobj 377 0 obj <> endobj 378 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (185) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 276.65 741.00 Td (RCM6, LLC) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 221.85 727.80 Td (ST) Tj ET Q q 0 0 0 rg BT 235.09 727.80 Td (A) Tj ET Q q 0 0 0 rg BT 242.22 727.80 Td (TEMENTS OF CASH FLOWS) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 204.90 714.60 Td (For the ) Tj ET Q q 0 0 0 rg BT 245.03 714.60 Td (Y) Tj ET Q q 0 0 0 rg BT 251.76 714.60 Td (ear Ended December 31, 2015 ) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 132.05 701.40 Td (For the Period From February 10, 2014 through December 31, 2014) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366 628.7 m 446 628.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450 628.7 m 530 628.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366 612.7 m 446 612.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450 612.7 m 530 612.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366 457.70000000000005 m 446 457.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450 457.70000000000005 m 530 457.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366 441.70000000000005 m 446 441.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450 457.70000000000005 m 530 457.70000000000005 l s 0 0 0 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Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 95.50 494.19 Td (Ef) Tj ET Q q 0 0 0 rg BT 105.69 494.19 Td (fects of changes in operating assets and liabilities:) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 107.50 478.54 Td (Inventory) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 398.30 478.54 Td (\(503,780) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 441.80 478.54 Td (\)) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 473.20 478.59 Td (\(8,013,169) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 525.80 478.54 Td (\)) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 107.50 462.54 Td (Accounts payable and accrued liabilities) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 404.45 462.59 Td (\(45,271) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 441.80 462.54 Td (\)) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 476.80 462.54 Td (1,544,742) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 113.50 446.54 Td (Net cash used in operating activities) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 383.00 446.54 Td (\(11,074,287) Tj ET Q BT /F6 11.00 Tf ET q 0 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q 0 0 0 rg BT 89.50 172.54 Td (Membership purchase of existing assets) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 368.50 172.54 Td ($) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 430.75 172.54 Td () Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 452.50 172.54 Td ($) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 476.80 172.54 Td (2,641,339) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 89.50 156.54 Td (Asset retirement obligation) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 368.50 156.54 Td ($) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 430.75 156.54 Td () Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 452.50 156.54 Td ($) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 492.15 156.54 Td (95,807) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 83.50 125.54 Td (INTEREST P) Tj ET Q q 0 0 0 rg BT 147.47 125.54 Td (AID) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 368.50 125.54 Td ($) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 408.15 125.54 Td (22,352) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 452.50 125.54 Td ($) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 498.25 125.59 Td (8,854) Tj ET Q BT /F1 10.00 Tf ET BT /F6 11.00 Tf ET q 0 0 0 rg BT 131.40 81.60 Td (The accompanying notes are an integral part of the financial statements) Tj ET Q endstream endobj 379 0 obj <> endobj 380 0 obj <> stream BT /F5 11.00 Tf ET q 0 0 0 rg BT 276.65 771.50 Td (RCM6, LLC) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 208.90 758.30 Td (NOTES T) Tj ET Q q 0 0 0 rg BT 256.37 758.30 Td (O FINANCIAL) Tj ET Q q 0 0 0 rg BT 327.05 758.30 Td ( ST) Tj ET Q q 0 0 0 rg BT 343.35 758.30 Td (A) Tj ET Q q 0 0 0 rg BT 350.48 758.30 Td (TEMENTS) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 226.50 745.10 Td (DECEMBER 31, 2015 and 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 33.60 Td (186) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 49.50 703.00 Td (NOTE ) Tj ET Q q 0 0 0 rg BT 83.11 703.00 Td (1 ) Tj ET Q q 0 0 0 rg BT 92.29 703.00 Td ( ) Tj ET Q q 0 0 0 rg BT 101.46 703.00 Td (SIGNIFICANT ) Tj ET Q q 0 0 0 rg BT 174.38 703.00 Td (ACCOUNTING ) Tj ET Q q 0 0 0 rg BT 251.99 703.00 Td (POLICIES) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 676.60 Td (RCM6, ) Tj ET Q q 0 0 0 rg BT 87.27 676.60 Td (LLC ) Tj ET Q q 0 0 0 rg BT 110.99 676.60 Td (\(the ) Tj ET Q q 0 0 0 rg BT 137.15 676.60 Td (Company\) ) Tj ET Q q 0 0 0 rg BT 195.10 676.60 Td (produces ) Tj ET Q q 0 0 0 rg BT 243.89 676.60 Td (refined ) Tj ET Q q 0 0 0 rg BT 281.07 676.60 Td (coal ) Tj ET Q q 0 0 0 rg BT 304.79 676.60 Td (at ) Tj ET Q q 0 0 0 rg BT 317.50 676.60 Td (its ) Tj ET Q q 0 0 0 rg BT 332.05 676.60 Td (refined ) Tj ET Q q 0 0 0 rg BT 369.22 676.60 Td (coal ) Tj ET Q q 0 0 0 rg BT 392.94 676.60 Td (production ) Tj ET Q q 0 0 0 rg BT 447.86 676.60 Td (facility ) Tj ET Q q 0 0 0 rg BT 481.96 676.60 Td (\(Facility\) ) Tj ET Q q 0 0 0 rg BT 534.38 676.60 Td (which ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 663.40 Td (qualifies ) Tj ET Q q 0 0 0 rg BT 94.87 663.40 Td (for ) Tj ET Q q 0 0 0 rg BT 112.72 663.40 Td (production ) Tj ET Q q 0 0 0 rg BT 169.10 663.40 Td (tax ) Tj ET Q q 0 0 0 rg BT 188.78 663.40 Td (credits ) Tj ET Q q 0 0 0 rg BT 226.19 663.40 Td (that ) Tj ET Q q 0 0 0 rg BT 249.55 663.40 Td (are ) Tj ET Q q 0 0 0 rg BT 270.45 663.40 Td (available ) Tj ET Q q 0 0 0 rg BT 318.88 663.40 Td (under ) Tj ET Q q 0 0 0 rg BT 352.03 663.40 Td (Section ) Tj ET Q q 0 0 0 rg BT 393.73 663.40 Td (45 ) Tj ET Q q 0 0 0 rg BT 410.97 663.40 Td (of ) Tj ET Q q 0 0 0 rg BT 425.16 663.40 Td (the ) Tj ET Q q 0 0 0 rg BT 445.46 663.40 Td (Internal ) Tj ET Q q 0 0 0 rg BT 487.16 663.40 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 536.20 663.40 Td (Code ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 650.20 Td (\(Production ) Tj ET Q q 0 0 0 rg BT 112.04 650.20 Td (T) Tj ET Q q 0 0 0 rg BT 117.54 650.20 Td (ax ) Tj ET Q q 0 0 0 rg BT 131.97 650.20 Td (Credits ) Tj ET Q q 0 0 0 rg BT 173.28 650.20 Td (or ) Tj ET Q q 0 0 0 rg BT 185.87 650.20 Td (PTCs\). ) Tj ET Q q 0 0 0 rg BT 230.04 650.20 Td (The ) Tj ET Q q 0 0 0 rg BT 251.80 650.20 Td (Internal ) Tj ET Q q 0 0 0 rg BT 291.30 650.20 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 338.14 650.20 Td (Service ) Tj ET Q q 0 0 0 rg BT 377.63 650.20 Td (\(IRS\) ) Tj ET Q q 0 0 0 rg BT 413.43 650.20 Td (has ) Tj ET Q q 0 0 0 rg BT 433.97 650.20 Td (issued ) Tj ET Q q 0 0 0 rg BT 468.58 650.20 Td (guidance ) Tj ET Q q 0 0 0 rg BT 516.04 650.20 Td (regarding ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 637.00 Td (emissions ) Tj ET Q q 0 0 0 rg BT 103.76 637.00 Td (reductions ) Tj ET Q q 0 0 0 rg BT 159.88 637.00 Td (from ) Tj ET Q q 0 0 0 rg BT 187.24 637.00 Td (refined ) Tj ET Q q 0 0 0 rg BT 226.23 637.00 Td (coal ) Tj ET Q q 0 0 0 rg BT 251.77 637.00 Td (used ) Tj ET Q q 0 0 0 rg BT 280.98 637.00 Td (in ) Tj ET Q q 0 0 0 rg BT 294.91 637.00 Td (the ) Tj ET Q q 0 0 0 rg BT 315.56 637.00 Td (generation ) Tj ET Q q 0 0 0 rg BT 372.90 637.00 Td (of ) Tj ET Q q 0 0 0 rg BT 387.44 637.00 Td (steam ) Tj ET Q q 0 0 0 rg BT 422.75 637.00 Td (including ) Tj ET Q q 0 0 0 rg BT 471.53 637.00 Td (measurement ) Tj ET Q q 0 0 0 rg BT 544.15 637.00 Td (and ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 623.80 Td (certification ) Tj ET Q q 0 0 0 rg BT 107.11 623.80 Td (criteria ) Tj ET Q q 0 0 0 rg BT 142.10 623.80 Td (necessary ) Tj ET Q q 0 0 0 rg BT 194.21 623.80 Td (to ) Tj ET Q q 0 0 0 rg BT 205.36 623.80 Td (qualify ) Tj ET Q q 0 0 0 rg BT 239.14 623.80 Td (for ) Tj ET Q q 0 0 0 rg BT 253.95 623.80 Td (the ) Tj ET Q q 0 0 0 rg BT 271.22 623.80 Td (Section ) Tj ET Q q 0 0 0 rg BT 309.89 623.80 Td (45 ) Tj ET Q q 0 0 0 rg BT 324.10 623.80 Td (PTCs. ) Tj ET Q q 0 0 0 rg BT 356.51 623.80 Td (The ) Tj ET Q q 0 0 0 rg BT 377.44 623.80 Td (value ) Tj ET Q q 0 0 0 rg BT 405.72 623.80 Td (of ) Tj ET Q q 0 0 0 rg BT 416.87 623.80 Td (the ) Tj ET Q q 0 0 0 rg BT 434.14 623.80 Td (Section ) Tj ET Q q 0 0 0 rg BT 472.81 623.80 Td (45 ) Tj ET Q q 0 0 0 rg BT 487.02 623.80 Td (PTC ) Tj ET Q q 0 0 0 rg BT 511.00 623.80 Td (is ) Tj ET Q q 0 0 0 rg BT 520.92 623.80 Td (adjusted ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 610.60 Td (annually ) Tj ET Q q 0 0 0 rg BT 93.86 610.60 Td (based ) Tj ET Q q 0 0 0 rg BT 127.22 610.60 Td (on ) Tj ET Q q 0 0 0 rg BT 142.83 610.60 Td (inflation ) Tj ET Q q 0 0 0 rg BT 184.13 610.60 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 241.33 610.60 Td (factors ) Tj ET Q q 0 0 0 rg BT 277.72 610.60 Td (published ) Tj ET Q q 0 0 0 rg BT 328.20 610.60 Td (in ) Tj ET Q q 0 0 0 rg BT 340.14 610.60 Td (the ) Tj ET Q q 0 0 0 rg BT 358.82 610.60 Td (Federal ) Tj ET Q q 0 0 0 rg BT 399.50 610.60 Td (Register ) Tj ET Q q 0 0 0 rg BT 443.85 610.60 Td (in ) Tj ET Q q 0 0 0 rg BT 455.12 610.60 Td (April ) Tj ET Q q 0 0 0 rg BT 480.51 610.60 Td (of ) Tj ET Q q 0 0 0 rg BT 493.07 610.60 Td (each ) Tj ET Q q 0 0 0 rg BT 520.30 610.60 Td (calendar ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 597.40 Td (year) Tj ET Q q 0 0 0 rg BT 70.29 597.40 Td (. ) Tj ET Q q 0 0 0 rg BT 76.21 597.40 Td (The ) Tj ET Q q 0 0 0 rg BT 98.22 597.40 Td (2015 ) Tj ET Q q 0 0 0 rg BT 125.74 597.40 Td (and ) Tj ET Q q 0 0 0 rg BT 147.15 597.40 Td (2014 ) Tj ET Q q 0 0 0 rg BT 174.68 597.40 Td (tax ) Tj ET Q q 0 0 0 rg BT 192.41 597.40 Td (credit ) Tj ET Q q 0 0 0 rg BT 222.36 597.40 Td (rates ) Tj ET Q q 0 0 0 rg BT 249.87 597.40 Td (were ) Tj ET Q q 0 0 0 rg BT 276.77 597.40 Td ($6.710 ) Tj ET Q q 0 0 0 rg BT 313.47 597.40 Td (and ) Tj ET Q q 0 0 0 rg BT 334.88 597.40 Td ($6.601 ) Tj ET Q q 0 0 0 rg BT 371.58 597.40 Td (per ) Tj ET Q q 0 0 0 rg BT 390.54 597.40 Td (ton ) Tj ET Q q 0 0 0 rg BT 408.89 597.40 Td (of ) Tj ET Q q 0 0 0 rg BT 421.12 597.40 Td (refined ) Tj ET Q q 0 0 0 rg BT 457.81 597.40 Td (coal, ) Tj ET Q q 0 0 0 rg BT 484.10 597.40 Td (respectively) Tj ET Q q 0 0 0 rg BT 541.36 597.40 Td (.) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 49.50 572.20 Td (Use ) Tj ET Q q 0 0 0 rg BT 72.74 572.20 Td (of ) Tj ET Q q 0 0 0 rg BT 86.17 572.20 Td (Estimates) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 547.00 Td (The ) Tj ET Q q 0 0 0 rg BT 70.29 547.00 Td (preparation ) Tj ET Q q 0 0 0 rg BT 127.78 547.00 Td (of ) Tj ET Q q 0 0 0 rg BT 138.79 547.00 Td (financial ) Tj ET Q q 0 0 0 rg BT 180.98 547.00 Td (statements ) Tj ET Q q 0 0 0 rg BT 236.62 547.00 Td (in ) Tj ET Q q 0 0 0 rg BT 247.02 547.00 Td (conformity ) Tj ET Q q 0 0 0 rg BT 299.59 547.00 Td (with ) Tj ET Q q 0 0 0 rg BT 320.99 547.00 Td (generally ) Tj ET Q q 0 0 0 rg BT 367.47 547.00 Td (accepted ) Tj ET Q q 0 0 0 rg BT 413.95 547.00 Td (accounting ) Tj ET Q q 0 0 0 rg BT 468.99 547.00 Td (principles ) Tj ET Q q 0 0 0 rg BT 517.30 547.00 Td (\(GAAP\) ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 533.80 Td (requires ) Tj ET Q q 0 0 0 rg BT 92.31 533.80 Td (management ) Tj ET Q q 0 0 0 rg BT 159.59 533.80 Td (to ) Tj ET Q q 0 0 0 rg BT 171.83 533.80 Td (make ) Tj ET Q q 0 0 0 rg BT 201.80 533.80 Td (estimates ) Tj ET Q q 0 0 0 rg BT 251.95 533.80 Td (and ) Tj ET Q q 0 0 0 rg BT 273.37 533.80 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 338.19 533.80 Td (that ) Tj ET Q q 0 0 0 rg BT 359.61 533.80 Td (af) Tj ET Q q 0 0 0 rg BT 368.59 533.80 Td (fect ) Tj ET Q q 0 0 0 rg BT 389.39 533.80 Td (the ) Tj ET Q q 0 0 0 rg BT 407.75 533.80 Td (reported ) Tj ET Q q 0 0 0 rg BT 451.79 533.80 Td (amounts ) Tj ET Q q 0 0 0 rg BT 497.06 533.80 Td (of ) Tj ET Q q 0 0 0 rg BT 509.30 533.80 Td (assets ) Tj ET Q q 0 0 0 rg BT 544.16 533.80 Td (and ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 520.60 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 94.43 520.60 Td (and ) Tj ET Q q 0 0 0 rg BT 116.15 520.60 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 169.03 520.60 Td (of ) Tj ET Q q 0 0 0 rg BT 181.56 520.60 Td (contingent ) Tj ET Q q 0 0 0 rg BT 235.68 520.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 270.84 520.60 Td (and ) Tj ET Q q 0 0 0 rg BT 292.55 520.60 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 337.48 520.60 Td (at ) Tj ET Q q 0 0 0 rg BT 350.02 520.60 Td (the ) Tj ET Q q 0 0 0 rg BT 368.67 520.60 Td (date ) Tj ET Q q 0 0 0 rg BT 393.44 520.60 Td (of ) Tj ET Q q 0 0 0 rg BT 405.97 520.60 Td (the ) Tj ET Q q 0 0 0 rg BT 424.62 520.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 468.34 520.60 Td (statements ) Tj ET Q q 0 0 0 rg BT 525.51 520.60 Td (and ) Tj ET Q q 0 0 0 rg BT 547.22 520.60 Td (the ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 507.40 Td (reported ) Tj ET Q q 0 0 0 rg BT 93.62 507.40 Td (amounts ) Tj ET Q q 0 0 0 rg BT 138.96 507.40 Td (of ) Tj ET Q q 0 0 0 rg BT 151.28 507.40 Td (revenue ) Tj ET Q q 0 0 0 rg BT 194.18 507.40 Td (and ) Tj ET Q q 0 0 0 rg BT 215.68 507.40 Td (expenses ) Tj ET Q q 0 0 0 rg BT 265.92 507.40 Td (during ) Tj ET Q q 0 0 0 rg BT 299.64 507.40 Td (the ) Tj ET Q q 0 0 0 rg BT 318.08 507.40 Td (reporting ) Tj ET Q q 0 0 0 rg BT 364.65 507.40 Td (period. ) Tj ET Q q 0 0 0 rg BT 401.43 507.40 Td (Management ) Tj ET Q q 0 0 0 rg BT 468.78 507.40 Td (bases ) Tj ET Q q 0 0 0 rg BT 501.29 507.40 Td (its ) Tj ET Q q 0 0 0 rg BT 515.43 507.40 Td (estimates ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 494.20 Td (on ) Tj ET Q q 0 0 0 rg BT 65.48 494.20 Td (historical ) Tj ET Q q 0 0 0 rg BT 112.63 494.20 Td (experience ) Tj ET Q q 0 0 0 rg BT 170.19 494.20 Td (and ) Tj ET Q q 0 0 0 rg BT 192.29 494.20 Td (on ) Tj ET Q q 0 0 0 rg BT 208.27 494.20 Td (various ) Tj ET Q q 0 0 0 rg BT 247.47 494.20 Td (other ) Tj ET Q q 0 0 0 rg BT 276.29 494.20 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 341.79 494.20 Td (that ) Tj ET Q q 0 0 0 rg BT 363.88 494.20 Td (are ) Tj ET Q q 0 0 0 rg BT 383.53 494.20 Td (believed ) Tj ET Q q 0 0 0 rg BT 428.25 494.20 Td (to ) Tj ET Q q 0 0 0 rg BT 441.17 494.20 Td (be ) Tj ET Q q 0 0 0 rg BT 457.15 494.20 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 515.32 494.20 Td (under ) Tj ET Q q 0 0 0 rg BT 547.20 494.20 Td (the ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 481.00 Td (circumstances. ) Tj ET Q q 0 0 0 rg BT 125.31 481.00 Td (Ultimate ) Tj ET Q q 0 0 0 rg BT 168.12 481.00 Td (realization ) Tj ET Q q 0 0 0 rg BT 220.72 481.00 Td (of ) Tj ET Q q 0 0 0 rg BT 232.35 481.00 Td (assets ) Tj ET Q q 0 0 0 rg BT 266.60 481.00 Td (and ) Tj ET Q q 0 0 0 rg BT 287.42 481.00 Td (settlement ) Tj ET Q q 0 0 0 rg BT 340.63 481.00 Td (of ) Tj ET Q q 0 0 0 rg BT 352.26 481.00 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 396.29 481.00 Td (in ) Tj ET Q q 0 0 0 rg BT 407.32 481.00 Td (the ) Tj ET Q q 0 0 0 rg BT 425.07 481.00 Td (future ) Tj ET Q q 0 0 0 rg BT 455.66 481.00 Td (could ) Tj ET Q q 0 0 0 rg BT 484.42 481.00 Td (dif) Tj ET Q q 0 0 0 rg BT 495.83 481.00 Td (fer ) Tj ET Q q 0 0 0 rg BT 511.13 481.00 Td (from ) Tj ET Q q 0 0 0 rg BT 535.59 481.00 Td (those ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 467.80 Td (estimates. ) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 49.50 442.60 Td (Cash ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 417.40 Td (The ) Tj ET Q q 0 0 0 rg BT 71.70 417.40 Td (Company ) Tj ET Q q 0 0 0 rg BT 122.03 417.40 Td (considers ) Tj ET Q q 0 0 0 rg BT 172.36 417.40 Td (all ) Tj ET Q q 0 0 0 rg BT 186.62 417.40 Td (highly ) Tj ET Q q 0 0 0 rg BT 218.61 417.40 Td (liquid ) Tj ET Q q 0 0 0 rg BT 247.54 417.40 Td (investments ) Tj ET Q q 0 0 0 rg BT 309.48 417.40 Td (with ) Tj ET Q q 0 0 0 rg BT 332.29 417.40 Td (original ) Tj ET Q q 0 0 0 rg BT 371.01 417.40 Td (maturities ) Tj ET Q q 0 0 0 rg BT 421.94 417.40 Td (of ) Tj ET Q q 0 0 0 rg BT 434.36 417.40 Td (three ) Tj ET Q q 0 0 0 rg BT 462.68 417.40 Td (months ) Tj ET Q q 0 0 0 rg BT 502.00 417.40 Td (or ) Tj ET Q q 0 0 0 rg BT 515.04 417.40 Td (less ) Tj ET Q q 0 0 0 rg BT 537.85 417.40 Td (to ) Tj ET Q q 0 0 0 rg BT 550.27 417.40 Td (be ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 404.20 Td (cash ) Tj ET Q q 0 0 0 rg BT 78.40 404.20 Td (equivalents. ) Tj ET Q q 0 0 0 rg BT 142.39 404.20 Td (The ) Tj ET Q q 0 0 0 rg BT 167.01 404.20 Td (carrying ) Tj ET Q q 0 0 0 rg BT 211.79 404.20 Td (value ) Tj ET Q q 0 0 0 rg BT 243.75 404.20 Td (approximates ) Tj ET Q q 0 0 0 rg BT 315.44 404.20 Td (fair ) Tj ET Q q 0 0 0 rg BT 336.38 404.20 Td (value ) Tj ET Q q 0 0 0 rg BT 368.33 404.20 Td (due ) Tj ET Q q 0 0 0 rg BT 392.35 404.20 Td (to ) Tj ET Q q 0 0 0 rg BT 407.18 404.20 Td (the ) Tj ET Q q 0 0 0 rg BT 428.13 404.20 Td (short-term ) Tj ET Q q 0 0 0 rg BT 483.91 404.20 Td (nature ) Tj ET Q q 0 0 0 rg BT 520.76 404.20 Td (of ) Tj ET Q q 0 0 0 rg BT 535.59 404.20 Td (these ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 391.00 Td (instruments. ) Tj ET Q q 0 0 0 rg BT 112.13 391.00 Td (The ) Tj ET Q q 0 0 0 rg BT 134.00 391.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 183.99 391.00 Td (maintains ) Tj ET Q q 0 0 0 rg BT 233.98 391.00 Td (its ) Tj ET Q q 0 0 0 rg BT 247.89 391.00 Td (cash ) Tj ET Q q 0 0 0 rg BT 274.03 391.00 Td (in ) Tj ET Q q 0 0 0 rg BT 285.51 391.00 Td (accounts ) Tj ET Q q 0 0 0 rg BT 332.45 391.00 Td (with ) Tj ET Q q 0 0 0 rg BT 354.92 391.00 Td (a ) Tj ET Q q 0 0 0 rg BT 363.95 391.00 Td (local ) Tj ET Q q 0 0 0 rg BT 389.48 391.00 Td (financial ) Tj ET Q q 0 0 0 rg BT 432.75 391.00 Td (institution. ) Tj ET Q q 0 0 0 rg BT 485.00 391.00 Td (These ) Tj ET Q q 0 0 0 rg BT 518.49 391.00 Td (accounts ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 377.80 Td (at ) Tj ET Q q 0 0 0 rg BT 60.44 377.80 Td (times ) Tj ET Q q 0 0 0 rg BT 88.48 377.80 Td (may ) Tj ET Q q 0 0 0 rg BT 111.03 377.80 Td (exceed ) Tj ET Q q 0 0 0 rg BT 148.27 377.80 Td (federally ) Tj ET Q q 0 0 0 rg BT 191.61 377.80 Td (insured ) Tj ET Q q 0 0 0 rg BT 229.45 377.80 Td (limits. ) Tj ET Q q 0 0 0 rg BT 259.21 377.80 Td (The ) Tj ET Q q 0 0 0 rg BT 279.93 377.80 Td (Company ) Tj ET Q q 0 0 0 rg BT 328.77 377.80 Td (has ) Tj ET Q q 0 0 0 rg BT 348.27 377.80 Td (not ) Tj ET Q q 0 0 0 rg BT 365.33 377.80 Td (experienced ) Tj ET Q q 0 0 0 rg BT 427.02 377.80 Td (any ) Tj ET Q q 0 0 0 rg BT 446.53 377.80 Td (losses ) Tj ET Q q 0 0 0 rg BT 479.47 377.80 Td (in ) Tj ET Q q 0 0 0 rg BT 489.80 377.80 Td (these ) Tj ET Q q 0 0 0 rg BT 518.47 377.80 Td (accounts ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 364.60 Td (and ) Tj ET Q q 0 0 0 rg BT 70.91 364.60 Td (believes ) Tj ET Q q 0 0 0 rg BT 114.32 364.60 Td (it ) Tj ET Q q 0 0 0 rg BT 122.88 364.60 Td (is ) Tj ET Q q 0 0 0 rg BT 133.88 364.60 Td (not ) Tj ET Q q 0 0 0 rg BT 152.23 364.60 Td (exposed ) Tj ET Q q 0 0 0 rg BT 196.87 364.60 Td (to ) Tj ET Q q 0 0 0 rg BT 209.10 364.60 Td (any ) Tj ET Q q 0 0 0 rg BT 229.89 364.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 281.86 364.60 Td (credit ) Tj ET Q q 0 0 0 rg BT 311.82 364.60 Td (risk ) Tj ET Q q 0 0 0 rg BT 331.98 364.60 Td (related ) Tj ET Q q 0 0 0 rg BT 368.67 364.60 Td (to ) Tj ET Q q 0 0 0 rg BT 380.90 364.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 407.19 364.60 Td (and ) Tj ET Q q 0 0 0 rg BT 428.60 364.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 454.89 364.60 Td (equivalents.) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 49.50 339.40 Td (Impairment ) Tj ET Q q 0 0 0 rg BT 111.85 339.40 Td (of ) Tj ET Q q 0 0 0 rg BT 125.29 339.40 Td (Long-Lived ) Tj ET Q q 0 0 0 rg BT 187.20 339.40 Td (Assets) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 314.20 Td (The ) Tj ET Q q 0 0 0 rg BT 72.89 314.20 Td (Company ) Tj ET Q q 0 0 0 rg BT 124.41 314.20 Td (reviews ) Tj ET Q q 0 0 0 rg BT 166.13 314.20 Td (long-lived ) Tj ET Q q 0 0 0 rg BT 217.65 314.20 Td (assets ) Tj ET Q q 0 0 0 rg BT 253.88 314.20 Td (for ) Tj ET Q q 0 0 0 rg BT 271.15 314.20 Td (impairment ) Tj ET Q q 0 0 0 rg BT 329.99 314.20 Td (whenever ) Tj ET Q q 0 0 0 rg BT 382.12 314.20 Td (events ) Tj ET Q q 0 0 0 rg BT 418.97 314.20 Td (or ) Tj ET Q q 0 0 0 rg BT 433.18 314.20 Td (changes ) Tj ET Q q 0 0 0 rg BT 479.21 314.20 Td (in ) Tj ET Q q 0 0 0 rg BT 492.21 314.20 Td (circumstances ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 301.00 Td (indicate ) Tj ET Q q 0 0 0 rg BT 90.76 301.00 Td (the ) Tj ET Q q 0 0 0 rg BT 109.39 301.00 Td (carrying ) Tj ET Q q 0 0 0 rg BT 151.86 301.00 Td (amount ) Tj ET Q q 0 0 0 rg BT 191.90 301.00 Td (of ) Tj ET Q q 0 0 0 rg BT 204.41 301.00 Td (an ) Tj ET Q q 0 0 0 rg BT 219.99 301.00 Td (asset ) Tj ET Q q 0 0 0 rg BT 249.63 301.00 Td (may ) Tj ET Q q 0 0 0 rg BT 273.75 301.00 Td (not ) Tj ET Q q 0 0 0 rg BT 292.39 301.00 Td (be ) Tj ET Q q 0 0 0 rg BT 307.97 301.00 Td (recoverable. ) Tj ET Q q 0 0 0 rg BT 371.85 301.00 Td (Recoverability ) Tj ET Q q 0 0 0 rg BT 444.27 301.00 Td (of ) Tj ET Q q 0 0 0 rg BT 456.79 301.00 Td (assets ) Tj ET Q q 0 0 0 rg BT 491.93 301.00 Td (to ) Tj ET Q q 0 0 0 rg BT 504.45 301.00 Td (be ) Tj ET Q q 0 0 0 rg BT 520.02 301.00 Td (held ) Tj ET Q q 0 0 0 rg BT 544.17 301.00 Td (and ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 287.80 Td (used ) Tj ET Q q 0 0 0 rg BT 75.76 287.80 Td (is ) Tj ET Q q 0 0 0 rg BT 86.12 287.80 Td (measured ) Tj ET Q q 0 0 0 rg BT 137.44 287.80 Td (by ) Tj ET Q q 0 0 0 rg BT 151.47 287.80 Td (a ) Tj ET Q q 0 0 0 rg BT 160.00 287.80 Td (comparison ) Tj ET Q q 0 0 0 rg BT 219.27 287.80 Td (of ) Tj ET Q q 0 0 0 rg BT 230.85 287.80 Td (the ) Tj ET Q q 0 0 0 rg BT 248.55 287.80 Td (carrying ) Tj ET Q q 0 0 0 rg BT 290.08 287.80 Td (amount ) Tj ET Q q 0 0 0 rg BT 329.19 287.80 Td (of ) Tj ET Q q 0 0 0 rg BT 340.77 287.80 Td (an ) Tj ET Q q 0 0 0 rg BT 355.41 287.80 Td (asset ) Tj ET Q q 0 0 0 rg BT 384.12 287.80 Td (to ) Tj ET Q q 0 0 0 rg BT 395.70 287.80 Td (future ) Tj ET Q q 0 0 0 rg BT 426.24 287.80 Td (undiscounted ) Tj ET Q q 0 0 0 rg BT 494.09 287.80 Td (net ) Tj ET Q q 0 0 0 rg BT 511.79 287.80 Td (cash ) Tj ET Q q 0 0 0 rg BT 537.44 287.80 Td (flows ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 274.60 Td (expected ) Tj ET Q q 0 0 0 rg BT 97.06 274.60 Td (to ) Tj ET Q q 0 0 0 rg BT 109.16 274.60 Td (be ) Tj ET Q q 0 0 0 rg BT 124.31 274.60 Td (generated ) Tj ET Q q 0 0 0 rg BT 176.77 274.60 Td (by ) Tj ET Q q 0 0 0 rg BT 191.31 274.60 Td (the ) Tj ET Q q 0 0 0 rg BT 209.52 274.60 Td (asset. ) Tj ET Q q 0 0 0 rg BT 241.79 274.60 Td (If ) Tj ET Q q 0 0 0 rg BT 250.82 274.60 Td (such ) Tj ET Q q 0 0 0 rg BT 276.97 274.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 311.68 274.60 Td (are ) Tj ET Q q 0 0 0 rg BT 330.50 274.60 Td (considered ) Tj ET Q q 0 0 0 rg BT 387.23 274.60 Td (to ) Tj ET Q q 0 0 0 rg BT 399.32 274.60 Td (be ) Tj ET Q q 0 0 0 rg BT 414.48 274.60 Td (impaired, ) Tj ET Q q 0 0 0 rg BT 462.64 274.60 Td (the ) Tj ET Q q 0 0 0 rg BT 480.85 274.60 Td (impairment ) Tj ET Q q 0 0 0 rg BT 538.17 274.60 Td (to ) Tj ET Q q 0 0 0 rg BT 550.26 274.60 Td (be ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 261.40 Td (recognized ) Tj ET Q q 0 0 0 rg BT 106.48 261.40 Td (is ) Tj ET Q q 0 0 0 rg BT 117.58 261.40 Td (measured ) Tj ET Q q 0 0 0 rg BT 169.66 261.40 Td (by ) Tj ET Q q 0 0 0 rg BT 184.44 261.40 Td (the ) Tj ET Q q 0 0 0 rg BT 202.90 261.40 Td (amount ) Tj ET Q q 0 0 0 rg BT 242.75 261.40 Td (by ) Tj ET Q q 0 0 0 rg BT 257.53 261.40 Td (which ) Tj ET Q q 0 0 0 rg BT 288.82 261.40 Td (the ) Tj ET Q q 0 0 0 rg BT 307.27 261.40 Td (carrying ) Tj ET Q q 0 0 0 rg BT 349.56 261.40 Td (amount ) Tj ET Q q 0 0 0 rg BT 389.42 261.40 Td (of ) Tj ET Q q 0 0 0 rg BT 401.75 261.40 Td (the ) Tj ET Q q 0 0 0 rg BT 420.21 261.40 Td (assets ) Tj ET Q q 0 0 0 rg BT 455.16 261.40 Td (exceeds ) Tj ET Q q 0 0 0 rg BT 499.30 261.40 Td (the ) Tj ET Q q 0 0 0 rg BT 517.75 261.40 Td (fair ) Tj ET Q q 0 0 0 rg BT 536.20 261.40 Td (value ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 248.20 Td (of ) Tj ET Q q 0 0 0 rg BT 61.55 248.20 Td (the ) Tj ET Q q 0 0 0 rg BT 79.71 248.20 Td (assets. ) Tj ET Q q 0 0 0 rg BT 116.86 248.20 Td (Assets ) Tj ET Q q 0 0 0 rg BT 152.74 248.20 Td (to ) Tj ET Q q 0 0 0 rg BT 164.79 248.20 Td (be ) Tj ET Q q 0 0 0 rg BT 179.90 248.20 Td (disposed ) Tj ET Q q 0 0 0 rg BT 226.80 248.20 Td (of ) Tj ET Q q 0 0 0 rg BT 238.85 248.20 Td (are ) Tj ET Q q 0 0 0 rg BT 257.62 248.20 Td (reported ) Tj ET Q q 0 0 0 rg BT 301.46 248.20 Td (at ) Tj ET Q q 0 0 0 rg BT 313.51 248.20 Td (the ) Tj ET Q q 0 0 0 rg BT 331.67 248.20 Td (lower ) Tj ET Q q 0 0 0 rg BT 360.83 248.20 Td (of ) Tj ET Q q 0 0 0 rg BT 372.88 248.20 Td (carrying ) Tj ET Q q 0 0 0 rg BT 414.87 248.20 Td (amount ) Tj ET Q q 0 0 0 rg BT 454.44 248.20 Td (or ) Tj ET Q q 0 0 0 rg BT 467.09 248.20 Td (fair ) Tj ET Q q 0 0 0 rg BT 485.24 248.20 Td (value ) Tj ET Q q 0 0 0 rg BT 514.41 248.20 Td (less ) Tj ET Q q 0 0 0 rg BT 536.85 248.20 Td (costs ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 235.00 Td (to ) Tj ET Q q 0 0 0 rg BT 61.73 235.00 Td (sell. ) Tj ET Q q 0 0 0 rg BT 83.74 235.00 Td (At ) Tj ET Q q 0 0 0 rg BT 97.19 235.00 Td (December ) Tj ET Q q 0 0 0 rg BT 150.99 235.00 Td (31, ) Tj ET Q q 0 0 0 rg BT 169.33 235.00 Td (2015 ) Tj ET Q q 0 0 0 rg BT 196.86 235.00 Td (and ) Tj ET Q q 0 0 0 rg BT 218.27 235.00 Td (2014 ) Tj ET Q q 0 0 0 rg BT 245.80 235.00 Td (there ) Tj ET Q q 0 0 0 rg BT 273.93 235.00 Td (was ) Tj ET Q q 0 0 0 rg BT 296.54 235.00 Td (no ) Tj ET Q q 0 0 0 rg BT 311.83 235.00 Td (such ) Tj ET Q q 0 0 0 rg BT 338.13 235.00 Td (impairment. ) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 49.50 209.80 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 98.41 209.80 Td (Recognition) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 184.60 Td (In ) Tj ET Q q 0 0 0 rg BT 60.41 184.60 Td (connection ) Tj ET Q q 0 0 0 rg BT 115.34 184.60 Td (with ) Tj ET Q q 0 0 0 rg BT 136.64 184.60 Td (the ) Tj ET Q q 0 0 0 rg BT 153.66 184.60 Td (operation ) Tj ET Q q 0 0 0 rg BT 201.26 184.60 Td (of ) Tj ET Q q 0 0 0 rg BT 212.17 184.60 Td (the ) Tj ET Q q 0 0 0 rg BT 229.19 184.60 Td (Facility) Tj ET Q q 0 0 0 rg BT 262.60 184.60 Td (, ) Tj ET Q q 0 0 0 rg BT 267.39 184.60 Td (the ) Tj ET Q q 0 0 0 rg BT 284.42 184.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 333.23 184.60 Td (purchases ) Tj ET Q q 0 0 0 rg BT 385.71 184.60 Td (feedstock ) Tj ET Q q 0 0 0 rg BT 434.52 184.60 Td (coal ) Tj ET Q q 0 0 0 rg BT 456.44 184.60 Td (from ) Tj ET Q q 0 0 0 rg BT 480.17 184.60 Td (which ) Tj ET Q q 0 0 0 rg BT 510.02 184.60 Td (it ) Tj ET Q q 0 0 0 rg BT 517.26 184.60 Td (produces ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 171.40 Td (refined ) Tj ET Q q 0 0 0 rg BT 85.43 171.40 Td (coal. ) Tj ET Q q 0 0 0 rg BT 110.82 171.40 Td (The ) Tj ET Q q 0 0 0 rg BT 132.07 171.40 Td (refined ) Tj ET Q q 0 0 0 rg BT 168.01 171.40 Td (coal ) Tj ET Q q 0 0 0 rg BT 190.49 171.40 Td (and ) Tj ET Q q 0 0 0 rg BT 211.14 171.40 Td (any ) Tj ET Q q 0 0 0 rg BT 231.17 171.40 Td (unrefined ) Tj ET Q q 0 0 0 rg BT 279.34 171.40 Td (coal ) Tj ET Q q 0 0 0 rg BT 301.82 171.40 Td (\(coal ) Tj ET Q q 0 0 0 rg BT 327.96 171.40 Td (untreated ) Tj ET Q q 0 0 0 rg BT 376.75 171.40 Td (by ) Tj ET Q q 0 0 0 rg BT 390.66 171.40 Td (the ) Tj ET Q q 0 0 0 rg BT 408.25 171.40 Td (refined ) Tj ET Q q 0 0 0 rg BT 444.19 171.40 Td (coal ) Tj ET Q q 0 0 0 rg BT 466.67 171.40 Td (production ) Tj ET Q q 0 0 0 rg BT 520.34 171.40 Td (process\) ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 158.20 Td (is ) Tj ET Q q 0 0 0 rg BT 60.91 158.20 Td (then ) Tj ET Q q 0 0 0 rg BT 85.78 158.20 Td (sold ) Tj ET Q q 0 0 0 rg BT 109.42 158.20 Td (to ) Tj ET Q q 0 0 0 rg BT 122.06 158.20 Td (the ) Tj ET Q q 0 0 0 rg BT 140.81 158.20 Td (owner ) Tj ET Q q 0 0 0 rg BT 174.24 158.20 Td (of ) Tj ET Q q 0 0 0 rg BT 186.88 158.20 Td (the ) Tj ET Q q 0 0 0 rg BT 205.63 158.20 Td (electric ) Tj ET Q q 0 0 0 rg BT 243.94 158.20 Td (utility ) Tj ET Q q 0 0 0 rg BT 272.46 158.20 Td (\(the ) Tj ET Q q 0 0 0 rg BT 294.88 158.20 Td (Generator\) ) Tj ET Q q 0 0 0 rg BT 358.86 158.20 Td (that ) Tj ET Q q 0 0 0 rg BT 380.67 158.20 Td (utilizes ) Tj ET Q q 0 0 0 rg BT 417.76 158.20 Td (the ) Tj ET Q q 0 0 0 rg BT 436.51 158.20 Td (refined ) Tj ET Q q 0 0 0 rg BT 473.61 158.20 Td (and ) Tj ET Q q 0 0 0 rg BT 495.42 158.20 Td (any ) Tj ET Q q 0 0 0 rg BT 516.62 158.20 Td (unrefined ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 145.00 Td (coal ) Tj ET Q q 0 0 0 rg BT 73.21 145.00 Td (to ) Tj ET Q q 0 0 0 rg BT 85.91 145.00 Td (generate ) Tj ET Q q 0 0 0 rg BT 132.86 145.00 Td (steam ) Tj ET Q q 0 0 0 rg BT 166.34 145.00 Td (to ) Tj ET Q q 0 0 0 rg BT 179.04 145.00 Td (produce ) Tj ET Q q 0 0 0 rg BT 222.32 145.00 Td (electricity) Tj ET Q q 0 0 0 rg BT 267.34 145.00 Td (. ) Tj ET Q q 0 0 0 rg BT 273.92 145.00 Td (During ) Tj ET Q q 0 0 0 rg BT 309.85 145.00 Td (the ) Tj ET Q q 0 0 0 rg BT 328.67 145.00 Td (years ) Tj ET Q q 0 0 0 rg BT 359.10 145.00 Td (ended ) Tj ET Q q 0 0 0 rg BT 393.21 145.00 Td (December ) Tj ET Q q 0 0 0 rg BT 447.48 145.00 Td (31, ) Tj ET Q q 0 0 0 rg BT 466.30 145.00 Td (2015 ) Tj ET Q q 0 0 0 rg BT 494.29 145.00 Td (and ) Tj ET Q q 0 0 0 rg BT 516.17 145.00 Td (2014, ) Tj ET Q q 0 0 0 rg BT 547.23 145.00 Td (the ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 131.80 Td (Company ) Tj ET Q q 0 0 0 rg BT 99.90 131.80 Td (sold ) Tj ET Q q 0 0 0 rg BT 123.40 131.80 Td (both ) Tj ET Q q 0 0 0 rg BT 148.13 131.80 Td (refined ) Tj ET Q q 0 0 0 rg BT 185.09 131.80 Td (coal ) Tj ET Q q 0 0 0 rg BT 208.59 131.80 Td (and ) Tj ET Q q 0 0 0 rg BT 230.26 131.80 Td (unrefined ) Tj ET Q q 0 0 0 rg BT 279.45 131.80 Td (coal ) Tj ET Q q 0 0 0 rg BT 302.95 131.80 Td (to ) Tj ET Q q 0 0 0 rg BT 315.45 131.80 Td (the ) Tj ET Q q 0 0 0 rg BT 334.06 131.80 Td (Generator ) Tj ET Q q 0 0 0 rg BT 386.91 131.80 Td (and ) Tj ET Q q 0 0 0 rg BT 408.59 131.80 Td (recorded ) Tj ET Q q 0 0 0 rg BT 455.32 131.80 Td (such ) Tj ET Q q 0 0 0 rg BT 481.88 131.80 Td (amounts ) Tj ET Q q 0 0 0 rg BT 527.39 131.80 Td (as ) Tj ET Q q 0 0 0 rg BT 542.33 131.80 Td (coal ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 118.60 Td (sales. ) Tj ET Q q 0 0 0 rg BT 81.94 118.60 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 129.68 118.60 Td (is ) Tj ET Q q 0 0 0 rg BT 141.33 118.60 Td (recognized ) Tj ET Q q 0 0 0 rg BT 198.84 118.60 Td (for ) Tj ET Q q 0 0 0 rg BT 215.39 118.60 Td (refined ) Tj ET Q q 0 0 0 rg BT 252.73 118.60 Td (coal ) Tj ET Q q 0 0 0 rg BT 276.61 118.60 Td (and ) Tj ET Q q 0 0 0 rg BT 298.67 118.60 Td (unrefined ) Tj ET Q q 0 0 0 rg BT 348.24 118.60 Td (coal ) Tj ET Q q 0 0 0 rg BT 372.13 118.60 Td (upon ) Tj ET Q q 0 0 0 rg BT 400.30 118.60 Td (delivery ) Tj ET Q q 0 0 0 rg BT 441.91 118.60 Td (and ) Tj ET Q q 0 0 0 rg BT 463.97 118.60 Td (when ) Tj ET Q q 0 0 0 rg BT 493.97 118.60 Td (the ) Tj ET Q q 0 0 0 rg BT 512.97 118.60 Td (Generator ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 105.40 Td (assumes ) Tj ET Q q 0 0 0 rg BT 96.57 105.40 Td (the ) Tj ET Q q 0 0 0 rg BT 114.92 105.40 Td (risk ) Tj ET Q q 0 0 0 rg BT 135.08 105.40 Td (and ) Tj ET Q q 0 0 0 rg BT 156.49 105.40 Td (rewards ) Tj ET Q q 0 0 0 rg BT 198.67 105.40 Td (of ) Tj ET Q q 0 0 0 rg BT 210.90 105.40 Td (ownership.) Tj ET Q endstream endobj 381 0 obj <> endobj 382 0 obj <> stream BT /F5 11.00 Tf ET q 0 0 0 rg BT 276.65 771.50 Td (RCM6, LLC) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 208.90 758.30 Td (NOTES T) Tj ET Q q 0 0 0 rg BT 256.37 758.30 Td (O FINANCIAL) Tj ET Q q 0 0 0 rg BT 327.05 758.30 Td ( ST) Tj ET Q q 0 0 0 rg BT 343.35 758.30 Td (A) Tj ET Q q 0 0 0 rg BT 350.48 758.30 Td (TEMENTS) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 226.50 745.10 Td (DECEMBER 31, 2015 and 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 33.60 Td (187) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 49.50 703.00 Td (Income ) Tj ET Q q 0 0 0 rg BT 91.07 703.00 Td (T) Tj ET Q q 0 0 0 rg BT 96.97 703.00 Td (axes) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 677.80 Td (The ) Tj ET Q q 0 0 0 rg BT 70.80 677.80 Td (Company) Tj ET Q q 0 0 0 rg BT 117.06 677.80 Td (, ) Tj ET Q q 0 0 0 rg BT 122.47 677.80 Td (with ) Tj ET Q q 0 0 0 rg BT 144.38 677.80 Td (the ) Tj ET Q q 0 0 0 rg BT 162.02 677.80 Td (consent ) Tj ET Q q 0 0 0 rg BT 202.90 677.80 Td (of ) Tj ET Q q 0 0 0 rg BT 214.42 677.80 Td (its ) Tj ET Q q 0 0 0 rg BT 227.77 677.80 Td (members, ) Tj ET Q q 0 0 0 rg BT 279.01 677.80 Td (has ) Tj ET Q q 0 0 0 rg BT 299.10 677.80 Td (elected ) Tj ET Q q 0 0 0 rg BT 336.92 677.80 Td (to ) Tj ET Q q 0 0 0 rg BT 348.44 677.80 Td (be ) Tj ET Q q 0 0 0 rg BT 363.02 677.80 Td (taxed ) Tj ET Q q 0 0 0 rg BT 392.28 677.80 Td (under ) Tj ET Q q 0 0 0 rg BT 422.76 677.80 Td (applicable ) Tj ET Q q 0 0 0 rg BT 474.65 677.80 Td (sections ) Tj ET Q q 0 0 0 rg BT 517.35 677.80 Td (of ) Tj ET Q q 0 0 0 rg BT 528.87 677.80 Td (federal ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 664.60 Td (and ) Tj ET Q q 0 0 0 rg BT 72.17 664.60 Td (state ) Tj ET Q q 0 0 0 rg BT 100.33 664.60 Td (income ) Tj ET Q q 0 0 0 rg BT 140.11 664.60 Td (tax ) Tj ET Q q 0 0 0 rg BT 159.10 664.60 Td (law ) Tj ET Q q 0 0 0 rg BT 179.92 664.60 Td (as ) Tj ET Q q 0 0 0 rg BT 195.86 664.60 Td (a ) Tj ET Q q 0 0 0 rg BT 206.29 664.60 Td (limited ) Tj ET Q q 0 0 0 rg BT 242.40 664.60 Td (liability ) Tj ET Q q 0 0 0 rg BT 279.72 664.60 Td (company ) Tj ET Q q 0 0 0 rg BT 328.67 664.60 Td (treated ) Tj ET Q q 0 0 0 rg BT 367.24 664.60 Td (as ) Tj ET Q q 0 0 0 rg BT 383.17 664.60 Td (a ) Tj ET Q q 0 0 0 rg BT 393.61 664.60 Td (partnership ) Tj ET Q q 0 0 0 rg BT 452.96 664.60 Td (for ) Tj ET Q q 0 0 0 rg BT 470.11 664.60 Td (federal ) Tj ET Q q 0 0 0 rg BT 508.06 664.60 Td (income ) Tj ET Q q 0 0 0 rg BT 547.84 664.60 Td (tax ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 651.40 Td (purposes. ) Tj ET Q q 0 0 0 rg BT 100.56 651.40 Td (As ) Tj ET Q q 0 0 0 rg BT 116.83 651.40 Td (a ) Tj ET Q q 0 0 0 rg BT 126.38 651.40 Td (result ) Tj ET Q q 0 0 0 rg BT 156.71 651.40 Td (of ) Tj ET Q q 0 0 0 rg BT 169.31 651.40 Td (this ) Tj ET Q q 0 0 0 rg BT 189.86 651.40 Td (election, ) Tj ET Q q 0 0 0 rg BT 234.27 651.40 Td (no ) Tj ET Q q 0 0 0 rg BT 249.93 651.40 Td (federal ) Tj ET Q q 0 0 0 rg BT 287.00 651.40 Td (income ) Tj ET Q q 0 0 0 rg BT 325.89 651.40 Td (taxes ) Tj ET Q q 0 0 0 rg BT 355.62 651.40 Td (are ) Tj ET Q q 0 0 0 rg BT 374.95 651.40 Td (incurred ) Tj ET Q q 0 0 0 rg BT 418.12 651.40 Td (by ) Tj ET Q q 0 0 0 rg BT 433.17 651.40 Td (the ) Tj ET Q q 0 0 0 rg BT 451.89 651.40 Td (Company) Tj ET Q q 0 0 0 rg BT 498.15 651.40 Td (. ) Tj ET Q q 0 0 0 rg BT 504.64 651.40 Td (Instead, ) Tj ET Q q 0 0 0 rg BT 547.21 651.40 Td (the ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 638.20 Td (members ) Tj ET Q q 0 0 0 rg BT 98.46 638.20 Td (are ) Tj ET Q q 0 0 0 rg BT 117.48 638.20 Td (liable ) Tj ET Q q 0 0 0 rg BT 146.28 638.20 Td (for ) Tj ET Q q 0 0 0 rg BT 162.23 638.20 Td (income ) Tj ET Q q 0 0 0 rg BT 200.81 638.20 Td (taxes ) Tj ET Q q 0 0 0 rg BT 230.22 638.20 Td (on ) Tj ET Q q 0 0 0 rg BT 245.57 638.20 Td (their ) Tj ET Q q 0 0 0 rg BT 270.08 638.20 Td (pro ) Tj ET Q q 0 0 0 rg BT 289.10 638.20 Td (rata ) Tj ET Q q 0 0 0 rg BT 311.17 638.20 Td (share ) Tj ET Q q 0 0 0 rg BT 341.81 638.20 Td (of ) Tj ET Q q 0 0 0 rg BT 354.10 638.20 Td (the ) Tj ET Q q 0 0 0 rg BT 372.51 638.20 Td (Company's ) Tj ET Q q 0 0 0 rg BT 430.30 638.20 Td (income, ) Tj ET Q q 0 0 0 rg BT 471.93 638.20 Td (deductions, ) Tj ET Q q 0 0 0 rg BT 531.31 638.20 Td (losses ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 625.00 Td (and ) Tj ET Q q 0 0 0 rg BT 70.91 625.00 Td (credits. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 599.80 Td (The ) Tj ET Q q 0 0 0 rg BT 71.68 599.80 Td (Company ) Tj ET Q q 0 0 0 rg BT 121.99 599.80 Td (applies ) Tj ET Q q 0 0 0 rg BT 160.07 599.80 Td (the ) Tj ET Q q 0 0 0 rg BT 178.59 599.80 Td (Financial ) Tj ET Q q 0 0 0 rg BT 225.20 599.80 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 282.85 599.80 Td (Standards ) Tj ET Q q 0 0 0 rg BT 336.23 599.80 Td (Board) Tj ET Q q 0 0 0 rg BT 367.82 599.80 Td (s ) Tj ET Q q 0 0 0 rg BT 376.55 599.80 Td (requirements ) Tj ET Q q 0 0 0 rg BT 443.97 599.80 Td (related ) Tj ET Q q 0 0 0 rg BT 480.84 599.80 Td (to ) Tj ET Q q 0 0 0 rg BT 493.24 599.80 Td (accounting ) Tj ET Q q 0 0 0 rg BT 549.67 599.80 Td (for ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 586.60 Td (uncertain ) Tj ET Q q 0 0 0 rg BT 98.78 586.60 Td (tax ) Tj ET Q q 0 0 0 rg BT 117.48 586.60 Td (positions. ) Tj ET Q q 0 0 0 rg BT 167.72 586.60 Td (The ) Tj ET Q q 0 0 0 rg BT 190.71 586.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 241.81 586.60 Td (determined ) Tj ET Q q 0 0 0 rg BT 300.87 586.60 Td (that ) Tj ET Q q 0 0 0 rg BT 323.25 586.60 Td (it ) Tj ET Q q 0 0 0 rg BT 332.78 586.60 Td (was ) Tj ET Q q 0 0 0 rg BT 356.37 586.60 Td (not ) Tj ET Q q 0 0 0 rg BT 375.69 586.60 Td (required ) Tj ET Q q 0 0 0 rg BT 420.08 586.60 Td (to ) Tj ET Q q 0 0 0 rg BT 433.28 586.60 Td (record ) Tj ET Q q 0 0 0 rg BT 468.49 586.60 Td (a ) Tj ET Q q 0 0 0 rg BT 478.64 586.60 Td (liability ) Tj ET Q q 0 0 0 rg BT 515.68 586.60 Td (related ) Tj ET Q q 0 0 0 rg BT 553.34 586.60 Td (to ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 573.40 Td (uncertain ) Tj ET Q q 0 0 0 rg BT 97.81 573.40 Td (tax ) Tj ET Q q 0 0 0 rg BT 115.54 573.40 Td (positions. ) Tj ET Q q 0 0 0 rg BT 164.87 573.40 Td (The ) Tj ET Q q 0 0 0 rg BT 186.88 573.40 Td (2015 ) Tj ET Q q 0 0 0 rg BT 214.40 573.40 Td (and ) Tj ET Q q 0 0 0 rg BT 235.81 573.40 Td (2014 ) Tj ET Q q 0 0 0 rg BT 263.34 573.40 Td (tax ) Tj ET Q q 0 0 0 rg BT 281.07 573.40 Td (years ) Tj ET Q q 0 0 0 rg BT 311.02 573.40 Td (are ) Tj ET Q q 0 0 0 rg BT 329.98 573.40 Td (the ) Tj ET Q q 0 0 0 rg BT 348.33 573.40 Td (only ) Tj ET Q q 0 0 0 rg BT 371.56 573.40 Td (periods ) Tj ET Q q 0 0 0 rg BT 410.70 573.40 Td (open ) Tj ET Q q 0 0 0 rg BT 438.22 573.40 Td (for ) Tj ET Q q 0 0 0 rg BT 454.12 573.40 Td (examination.) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 548.20 Td (The ) Tj ET Q q 0 0 0 rg BT 71.27 548.20 Td (Company ) Tj ET Q q 0 0 0 rg BT 121.16 548.20 Td (is ) Tj ET Q q 0 0 0 rg BT 131.91 548.20 Td (subject ) Tj ET Q q 0 0 0 rg BT 169.58 548.20 Td (to ) Tj ET Q q 0 0 0 rg BT 181.56 548.20 Td (business ) Tj ET Q q 0 0 0 rg BT 227.79 548.20 Td (and ) Tj ET Q q 0 0 0 rg BT 248.95 548.20 Td (occupational ) Tj ET Q q 0 0 0 rg BT 313.53 548.20 Td (taxes ) Tj ET Q q 0 0 0 rg BT 342.63 548.20 Td (\(B&O ) Tj ET Q q 0 0 0 rg BT 376.00 548.20 Td (taxes\) ) Tj ET Q q 0 0 0 rg BT 412.43 548.20 Td (assessed ) Tj ET Q q 0 0 0 rg BT 461.71 548.20 Td (in ) Tj ET Q q 0 0 0 rg BT 473.09 548.20 Td (states ) Tj ET Q q 0 0 0 rg BT 505.24 548.20 Td (based ) Tj ET Q q 0 0 0 rg BT 538.03 548.20 Td (upon ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 535.00 Td (the ) Tj ET Q q 0 0 0 rg BT 67.66 535.00 Td (Company) Tj ET Q q 0 0 0 rg BT 116.98 535.00 Td (s ) Tj ET Q q 0 0 0 rg BT 125.34 535.00 Td (gross ) Tj ET Q q 0 0 0 rg BT 155.10 535.00 Td (receipts. ) Tj ET Q q 0 0 0 rg BT 199.54 535.00 Td ( ) Tj ET Q q 0 0 0 rg BT 202.22 535.00 Td (The ) Tj ET Q q 0 0 0 rg BT 224.04 535.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 273.98 535.00 Td (has ) Tj ET Q q 0 0 0 rg BT 294.58 535.00 Td (filed ) Tj ET Q q 0 0 0 rg BT 317.62 535.00 Td (all ) Tj ET Q q 0 0 0 rg BT 331.49 535.00 Td (B&O ) Tj ET Q q 0 0 0 rg BT 357.58 535.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 375.12 535.00 Td (returns ) Tj ET Q q 0 0 0 rg BT 412.22 535.00 Td (and ) Tj ET Q q 0 0 0 rg BT 433.44 535.00 Td (paid ) Tj ET Q q 0 0 0 rg BT 457.10 535.00 Td (the ) Tj ET Q q 0 0 0 rg BT 475.25 535.00 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 547.83 535.00 Td (tax ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 521.80 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 93.92 521.80 Td (related ) Tj ET Q q 0 0 0 rg BT 130.41 521.80 Td (to ) Tj ET Q q 0 0 0 rg BT 142.43 521.80 Td (the ) Tj ET Q q 0 0 0 rg BT 160.57 521.80 Td (B&O ) Tj ET Q q 0 0 0 rg BT 186.65 521.80 Td (taxes ) Tj ET Q q 0 0 0 rg BT 215.79 521.80 Td (for ) Tj ET Q q 0 0 0 rg BT 231.48 521.80 Td (the ) Tj ET Q q 0 0 0 rg BT 249.62 521.80 Td (year ) Tj ET Q q 0 0 0 rg BT 273.87 521.80 Td (ended ) Tj ET Q q 0 0 0 rg BT 307.31 521.80 Td (December ) Tj ET Q q 0 0 0 rg BT 360.90 521.80 Td (31, ) Tj ET Q q 0 0 0 rg BT 379.04 521.80 Td (2015 ) Tj ET Q q 0 0 0 rg BT 406.36 521.80 Td (and ) Tj ET Q q 0 0 0 rg BT 427.57 521.80 Td (period ) Tj ET Q q 0 0 0 rg BT 460.99 521.80 Td (February ) Tj ET Q q 0 0 0 rg BT 507.86 521.80 Td (10, ) Tj ET Q q 0 0 0 rg BT 526.00 521.80 Td (2014 ) Tj ET Q q 0 0 0 rg BT 553.32 521.80 Td (to ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 508.60 Td (December ) Tj ET Q q 0 0 0 rg BT 103.30 508.60 Td (31, ) Tj ET Q q 0 0 0 rg BT 121.64 508.60 Td (2014.) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 49.50 483.40 Td (Limited ) Tj ET Q q 0 0 0 rg BT 91.67 483.40 Td (Life) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 458.20 Td (Under ) Tj ET Q q 0 0 0 rg BT 82.74 458.20 Td (the ) Tj ET Q q 0 0 0 rg BT 101.31 458.20 Td (provisions ) Tj ET Q q 0 0 0 rg BT 154.12 458.20 Td (of ) Tj ET Q q 0 0 0 rg BT 166.57 458.20 Td (the ) Tj ET Q q 0 0 0 rg BT 184.49 458.20 Td (Amended ) Tj ET Q q 0 0 0 rg BT 234.86 458.20 Td (and ) Tj ET Q q 0 0 0 rg BT 256.50 458.20 Td (Restated ) Tj ET Q q 0 0 0 rg BT 303.81 458.20 Td (Limited ) Tj ET Q q 0 0 0 rg BT 342.55 458.20 Td (Liability ) Tj ET Q q 0 0 0 rg BT 382.51 458.20 Td (Company ) Tj ET Q q 0 0 0 rg BT 432.22 458.20 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 489.31 458.20 Td (of ) Tj ET Q q 0 0 0 rg BT 501.76 458.20 Td (RCM6, ) Tj ET Q q 0 0 0 rg BT 539.27 458.20 Td (LLC, ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 445.00 Td (the ) Tj ET Q q 0 0 0 rg BT 66.87 445.00 Td (operations ) Tj ET Q q 0 0 0 rg BT 120.32 445.00 Td (of ) Tj ET Q q 0 0 0 rg BT 131.57 445.00 Td (the ) Tj ET Q q 0 0 0 rg BT 148.94 445.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 198.10 445.00 Td (will ) Tj ET Q q 0 0 0 rg BT 215.45 445.00 Td (terminate ) Tj ET Q q 0 0 0 rg BT 263.38 445.00 Td (on ) Tj ET Q q 0 0 0 rg BT 277.70 445.00 Td (December ) Tj ET Q q 0 0 0 rg BT 330.52 445.00 Td (31, ) Tj ET Q q 0 0 0 rg BT 347.89 445.00 Td (2022 ) Tj ET Q q 0 0 0 rg BT 374.44 445.00 Td (unless ) Tj ET Q q 0 0 0 rg BT 408.31 445.00 Td (terminated ) Tj ET Q q 0 0 0 rg BT 462.36 445.00 Td (earlier ) Tj ET Q q 0 0 0 rg BT 495.01 445.00 Td (by ) Tj ET Q q 0 0 0 rg BT 508.70 445.00 Td (unanimous ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 431.80 Td (written ) Tj ET Q q 0 0 0 rg BT 83.95 431.80 Td (consent ) Tj ET Q q 0 0 0 rg BT 124.53 431.80 Td (of ) Tj ET Q q 0 0 0 rg BT 135.75 431.80 Td (the ) Tj ET Q q 0 0 0 rg BT 153.10 431.80 Td (members ) Tj ET Q q 0 0 0 rg BT 200.99 431.80 Td (or ) Tj ET Q q 0 0 0 rg BT 212.82 431.80 Td (upon ) Tj ET Q q 0 0 0 rg BT 239.35 431.80 Td (written ) Tj ET Q q 0 0 0 rg BT 273.80 431.80 Td (election ) Tj ET Q q 0 0 0 rg BT 313.76 431.80 Td (of ) Tj ET Q q 0 0 0 rg BT 324.99 431.80 Td (members ) Tj ET Q q 0 0 0 rg BT 372.88 431.80 Td (holding ) Tj ET Q q 0 0 0 rg BT 410.41 431.80 Td (40% ) Tj ET Q q 0 0 0 rg BT 434.48 431.80 Td (or ) Tj ET Q q 0 0 0 rg BT 446.31 431.80 Td (more ) Tj ET Q q 0 0 0 rg BT 473.42 431.80 Td (of ) Tj ET Q q 0 0 0 rg BT 484.65 431.80 Td (the ) Tj ET Q q 0 0 0 rg BT 501.99 431.80 Td (membership ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 418.60 Td (interests ) Tj ET Q q 0 0 0 rg BT 93.16 418.60 Td (upon ) Tj ET Q q 0 0 0 rg BT 119.72 418.60 Td (the ) Tj ET Q q 0 0 0 rg BT 137.10 418.60 Td (termination ) Tj ET Q q 0 0 0 rg BT 193.61 418.60 Td (of ) Tj ET Q q 0 0 0 rg BT 204.87 418.60 Td (the ) Tj ET Q q 0 0 0 rg BT 222.25 418.60 Td (refined ) Tj ET Q q 0 0 0 rg BT 257.97 418.60 Td (coal ) Tj ET Q q 0 0 0 rg BT 280.24 418.60 Td (sales ) Tj ET Q q 0 0 0 rg BT 308.01 418.60 Td (agreement ) Tj ET Q q 0 0 0 rg BT 362.69 418.60 Td (between ) Tj ET Q q 0 0 0 rg BT 406.37 418.60 Td (the ) Tj ET Q q 0 0 0 rg BT 423.75 418.60 Td (Generator ) Tj ET Q q 0 0 0 rg BT 475.36 418.60 Td (and ) Tj ET Q q 0 0 0 rg BT 495.81 418.60 Td (the ) Tj ET Q q 0 0 0 rg BT 513.19 418.60 Td (Company) Tj ET Q q 0 0 0 rg BT 559.45 418.60 Td (.) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 49.50 393.40 Td (Recent ) Tj ET Q q 0 0 0 rg BT 88.83 393.40 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 152.38 393.40 Td (Pronouncements ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 368.20 Td (In ) Tj ET Q q 0 0 0 rg BT 62.30 368.20 Td (May ) Tj ET Q q 0 0 0 rg BT 86.72 368.20 Td (2014, ) Tj ET Q q 0 0 0 rg BT 117.87 368.20 Td (the ) Tj ET Q q 0 0 0 rg BT 136.80 368.20 Td (F) Tj ET Q q 0 0 0 rg BT 142.91 368.20 Td (ASB ) Tj ET Q q 0 0 0 rg BT 168.55 368.20 Td (issued ) Tj ET Q q 0 0 0 rg BT 203.26 368.20 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 261.31 368.20 Td (Standards ) Tj ET Q q 0 0 0 rg BT 315.09 368.20 Td (Update ) Tj ET Q q 0 0 0 rg BT 354.19 368.20 Td (\(ASU\) ) Tj ET Q q 0 0 0 rg BT 395.09 368.20 Td (2014-09, ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 442.15 368.20 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 489.81 368.20 Td (from ) Tj ET Q q 0 0 0 rg BT 515.44 368.20 Td (Contracts ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 49.50 355.00 Td (with ) Tj ET Q q 0 0 0 rg BT 71.87 355.00 Td (Customers) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 125.05 355.00 Td (. ) Tj ET Q q 0 0 0 rg BT 130.92 355.00 Td ( ) Tj ET Q q 0 0 0 rg BT 133.73 355.00 Td (For ) Tj ET Q q 0 0 0 rg BT 153.04 355.00 Td (private ) Tj ET Q q 0 0 0 rg BT 188.87 355.00 Td (companies ) Tj ET Q q 0 0 0 rg BT 244.88 355.00 Td (the ) Tj ET Q q 0 0 0 rg BT 262.42 355.00 Td (ASU, ) Tj ET Q q 0 0 0 rg BT 290.91 355.00 Td (as ) Tj ET Q q 0 0 0 rg BT 305.34 355.00 Td (amended ) Tj ET Q q 0 0 0 rg BT 354.02 355.00 Td (by ) Tj ET Q q 0 0 0 rg BT 367.89 355.00 Td (ASU ) Tj ET Q q 0 0 0 rg BT 393.32 355.00 Td (No. ) Tj ET Q q 0 0 0 rg BT 413.25 355.00 Td (2015-14,) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 456.67 355.00 Td ( ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 459.48 355.00 Td (is ) Tj ET Q q 0 0 0 rg BT 470.24 355.00 Td (ef) Tj ET Q q 0 0 0 rg BT 479.21 355.00 Td (fective ) Tj ET Q q 0 0 0 rg BT 513.82 355.00 Td (for ) Tj ET Q q 0 0 0 rg BT 529.46 355.00 Td (annual ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 341.80 Td (reporting ) Tj ET Q q 0 0 0 rg BT 97.04 341.80 Td (periods ) Tj ET Q q 0 0 0 rg BT 137.24 341.80 Td (beginning ) Tj ET Q q 0 0 0 rg BT 189.07 341.80 Td (after ) Tj ET Q q 0 0 0 rg BT 215.20 341.80 Td (December ) Tj ET Q q 0 0 0 rg BT 270.06 341.80 Td (15, ) Tj ET Q q 0 0 0 rg BT 289.48 341.80 Td (2018 ) Tj ET Q q 0 0 0 rg BT 318.07 341.80 Td (and ) Tj ET Q q 0 0 0 rg BT 340.54 341.80 Td (is ) Tj ET Q q 0 0 0 rg BT 352.61 341.80 Td (to ) Tj ET Q q 0 0 0 rg BT 365.90 341.80 Td (be ) Tj ET Q q 0 0 0 rg BT 382.26 341.80 Td (applied ) Tj ET Q q 0 0 0 rg BT 421.86 341.80 Td (using ) Tj ET Q q 0 0 0 rg BT 452.28 341.80 Td (one ) Tj ET Q q 0 0 0 rg BT 474.75 341.80 Td (of ) Tj ET Q q 0 0 0 rg BT 488.05 341.80 Td (two ) Tj ET Q q 0 0 0 rg BT 509.29 341.80 Td (acceptable ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 328.60 Td (methods. ) Tj ET Q q 0 0 0 rg BT 98.44 328.60 Td ( ) Tj ET Q q 0 0 0 rg BT 101.88 328.60 Td (The ) Tj ET Q q 0 0 0 rg BT 124.53 328.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 175.29 328.60 Td (has ) Tj ET Q q 0 0 0 rg BT 196.72 328.60 Td (not ) Tj ET Q q 0 0 0 rg BT 215.70 328.60 Td (yet ) Tj ET Q q 0 0 0 rg BT 234.06 328.60 Td (determined ) Tj ET Q q 0 0 0 rg BT 292.78 328.60 Td (the ) Tj ET Q q 0 0 0 rg BT 311.76 328.60 Td (impact ) Tj ET Q q 0 0 0 rg BT 347.85 328.60 Td (that ) Tj ET Q q 0 0 0 rg BT 369.15 328.60 Td (ASU ) Tj ET Q q 0 0 0 rg BT 395.46 328.60 Td (2014-09 ) Tj ET Q q 0 0 0 rg BT 439.52 328.60 Td (may ) Tj ET Q q 0 0 0 rg BT 463.99 328.60 Td (have ) Tj ET Q q 0 0 0 rg BT 491.53 328.60 Td (on ) Tj ET Q q 0 0 0 rg BT 507.46 328.60 Td (its ) Tj ET Q q 0 0 0 rg BT 522.14 328.60 Td (financial ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 315.40 Td (statements. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 290.20 Td (ASU ) Tj ET Q q 0 0 0 rg BT 75.00 290.20 Td (No. ) Tj ET Q q 0 0 0 rg BT 94.99 290.20 Td (2014-15, ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 141.30 290.20 Td (Presentation ) Tj ET Q q 0 0 0 rg BT 205.94 290.20 Td (of ) Tj ET Q q 0 0 0 rg BT 217.99 290.20 Td (Financial ) Tj ET Q q 0 0 0 rg BT 264.89 290.20 Td (Statements-Going ) Tj ET Q q 0 0 0 rg BT 356.42 290.20 Td (Concern) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 398.00 290.20 Td ( ) Tj ET Q q 0 0 0 rg BT 400.88 290.20 Td (was ) Tj ET Q q 0 0 0 rg BT 423.32 290.20 Td (issued ) Tj ET Q q 0 0 0 rg BT 457.99 290.20 Td (in ) Tj ET Q q 0 0 0 rg BT 468.86 290.20 Td (August ) Tj ET Q q 0 0 0 rg BT 505.99 290.20 Td (2014 ) Tj ET Q q 0 0 0 rg BT 533.34 290.20 Td (and ) Tj ET Q q 0 0 0 rg BT 554.57 290.20 Td (is ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 277.00 Td (ef) Tj ET Q q 0 0 0 rg BT 58.48 277.00 Td (fective ) Tj ET Q q 0 0 0 rg BT 94.04 277.00 Td (for ) Tj ET Q q 0 0 0 rg BT 110.64 277.00 Td (the ) Tj ET Q q 0 0 0 rg BT 129.70 277.00 Td (annual ) Tj ET Q q 0 0 0 rg BT 166.51 277.00 Td (period ) Tj ET Q q 0 0 0 rg BT 200.85 277.00 Td (ending ) Tj ET Q q 0 0 0 rg BT 237.65 277.00 Td (after ) Tj ET Q q 0 0 0 rg BT 263.43 277.00 Td (December ) Tj ET Q q 0 0 0 rg BT 317.94 277.00 Td (15, ) Tj ET Q q 0 0 0 rg BT 337.01 277.00 Td (2016. ) Tj ET Q q 0 0 0 rg BT 368.30 277.00 Td ( ) Tj ET Q q 0 0 0 rg BT 371.32 277.00 Td (ASU ) Tj ET Q q 0 0 0 rg BT 397.71 277.00 Td (2014-15 ) Tj ET Q q 0 0 0 rg BT 441.85 277.00 Td (requires ) Tj ET Q q 0 0 0 rg BT 485.36 277.00 Td (management ) Tj ET Q q 0 0 0 rg BT 553.33 277.00 Td (to ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 263.80 Td (evaluate ) Tj ET Q q 0 0 0 rg BT 93.83 263.80 Td (whether ) Tj ET Q q 0 0 0 rg BT 135.70 263.80 Td (there ) Tj ET Q q 0 0 0 rg BT 163.51 263.80 Td (are ) Tj ET Q q 0 0 0 rg BT 182.15 263.80 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 237.48 263.80 Td (in ) Tj ET Q q 0 0 0 rg BT 248.78 263.80 Td (the ) Tj ET Q q 0 0 0 rg BT 266.81 263.80 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 319.10 263.80 Td (that ) Tj ET Q q 0 0 0 rg BT 340.18 263.80 Td (raise ) Tj ET Q q 0 0 0 rg BT 366.76 263.80 Td (substantial ) Tj ET Q q 0 0 0 rg BT 422.09 263.80 Td (doubt ) Tj ET Q q 0 0 0 rg BT 452.36 263.80 Td (about ) Tj ET Q q 0 0 0 rg BT 482.63 263.80 Td (an ) Tj ET Q q 0 0 0 rg BT 497.60 263.80 Td (entity) Tj ET Q q 0 0 0 rg BT 526.14 263.80 Td (s ) Tj ET Q q 0 0 0 rg BT 534.38 263.80 Td (ability ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 250.60 Td (to ) Tj ET Q q 0 0 0 rg BT 62.41 250.60 Td (continue ) Tj ET Q q 0 0 0 rg BT 107.73 250.60 Td (as ) Tj ET Q q 0 0 0 rg BT 123.08 250.60 Td (a ) Tj ET Q q 0 0 0 rg BT 132.93 250.60 Td (going ) Tj ET Q q 0 0 0 rg BT 163.58 250.60 Td (concern ) Tj ET Q q 0 0 0 rg BT 206.45 250.60 Td (within ) Tj ET Q q 0 0 0 rg BT 238.30 250.60 Td (one ) Tj ET Q q 0 0 0 rg BT 260.39 250.60 Td (year ) Tj ET Q q 0 0 0 rg BT 285.52 250.60 Td (of ) Tj ET Q q 0 0 0 rg BT 298.43 250.60 Td (the ) Tj ET Q q 0 0 0 rg BT 317.45 250.60 Td (date ) Tj ET Q q 0 0 0 rg BT 342.60 250.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 386.69 250.60 Td (statements ) Tj ET Q q 0 0 0 rg BT 444.22 250.60 Td (are ) Tj ET Q q 0 0 0 rg BT 463.85 250.60 Td (issued. ) Tj ET Q q 0 0 0 rg BT 502.44 250.60 Td ( ) Tj ET Q q 0 0 0 rg BT 506.17 250.60 Td (Despite ) Tj ET Q q 0 0 0 rg BT 547.21 250.60 Td (the ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 237.40 Td (significant ) Tj ET Q q 0 0 0 rg BT 101.09 237.40 Td (losses ) Tj ET Q q 0 0 0 rg BT 134.95 237.40 Td (generated ) Tj ET Q q 0 0 0 rg BT 187.16 237.40 Td (by ) Tj ET Q q 0 0 0 rg BT 201.46 237.40 Td (the ) Tj ET Q q 0 0 0 rg BT 219.42 237.40 Td (Company) Tj ET Q q 0 0 0 rg BT 265.69 237.40 Td (, ) Tj ET Q q 0 0 0 rg BT 271.42 237.40 Td (management ) Tj ET Q q 0 0 0 rg BT 338.30 237.40 Td (does ) Tj ET Q q 0 0 0 rg BT 364.83 237.40 Td (not ) Tj ET Q q 0 0 0 rg BT 382.80 237.40 Td (believe ) Tj ET Q q 0 0 0 rg BT 420.33 237.40 Td (there ) Tj ET Q q 0 0 0 rg BT 448.08 237.40 Td (are ) Tj ET Q q 0 0 0 rg BT 466.65 237.40 Td (conditions ) Tj ET Q q 0 0 0 rg BT 518.86 237.40 Td (that ) Tj ET Q q 0 0 0 rg BT 539.88 237.40 Td (exist ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 224.20 Td (that ) Tj ET Q q 0 0 0 rg BT 70.90 224.20 Td (indicate ) Tj ET Q q 0 0 0 rg BT 111.87 224.20 Td (the ) Tj ET Q q 0 0 0 rg BT 130.22 224.20 Td (Company ) Tj ET Q q 0 0 0 rg BT 180.36 224.20 Td (will ) Tj ET Q q 0 0 0 rg BT 198.69 224.20 Td (not ) Tj ET Q q 0 0 0 rg BT 217.04 224.20 Td (be ) Tj ET Q q 0 0 0 rg BT 232.33 224.20 Td (able ) Tj ET Q q 0 0 0 rg BT 256.18 224.20 Td (to ) Tj ET Q q 0 0 0 rg BT 268.41 224.20 Td (meets ) Tj ET Q q 0 0 0 rg BT 301.42 224.20 Td (its ) Tj ET Q q 0 0 0 rg BT 315.48 224.20 Td (obligations.) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 197.80 Td (In ) Tj ET Q q 0 0 0 rg BT 63.95 197.80 Td (February ) Tj ET Q q 0 0 0 rg BT 113.23 197.80 Td (2016, ) Tj ET Q q 0 0 0 rg BT 146.03 197.80 Td (the ) Tj ET Q q 0 0 0 rg BT 166.59 197.80 Td (F) Tj ET Q q 0 0 0 rg BT 172.71 197.80 Td (ASB ) Tj ET Q q 0 0 0 rg BT 199.99 197.80 Td (issued ) Tj ET Q q 0 0 0 rg BT 236.01 197.80 Td (ASU ) Tj ET Q q 0 0 0 rg BT 263.90 197.80 Td (2016-02 ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 309.54 197.80 Td (Leases ) Tj ET Q q 0 0 0 rg BT 350.28 197.80 Td (\(T) Tj ET Q q 0 0 0 rg BT 359.65 197.80 Td (opic ) Tj ET Q q 0 0 0 rg BT 385.10 197.80 Td (842\) ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 412.39 197.80 Td (which ) Tj ET Q q 0 0 0 rg BT 445.79 197.80 Td (is ) Tj ET Q q 0 0 0 rg BT 459.00 197.80 Td (intended ) Tj ET Q q 0 0 0 rg BT 506.48 197.80 Td (to ) Tj ET Q q 0 0 0 rg BT 520.93 197.80 Td (increase ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 184.60 Td (transparency ) Tj ET Q q 0 0 0 rg BT 116.08 184.60 Td (and ) Tj ET Q q 0 0 0 rg BT 137.43 184.60 Td (comparability ) Tj ET Q q 0 0 0 rg BT 205.22 184.60 Td (of ) Tj ET Q q 0 0 0 rg BT 217.39 184.60 Td (accounting ) Tj ET Q q 0 0 0 rg BT 273.58 184.60 Td (for ) Tj ET Q q 0 0 0 rg BT 289.41 184.60 Td (lease ) Tj ET Q q 0 0 0 rg BT 318.70 184.60 Td (transactions. ) Tj ET Q q 0 0 0 rg BT 384.06 184.60 Td ( ) Tj ET Q q 0 0 0 rg BT 386.86 184.60 Td (The ) Tj ET Q q 0 0 0 rg BT 408.21 184.60 Td (ASU ) Tj ET Q q 0 0 0 rg BT 433.82 184.60 Td (will ) Tj ET Q q 0 0 0 rg BT 452.09 184.60 Td (require ) Tj ET Q q 0 0 0 rg BT 489.32 184.60 Td (all ) Tj ET Q q 0 0 0 rg BT 503.32 184.60 Td (leases ) Tj ET Q q 0 0 0 rg BT 538.11 184.60 Td (to ) Tj ET Q q 0 0 0 rg BT 550.27 184.60 Td (be ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 171.40 Td (recognized ) Tj ET Q q 0 0 0 rg BT 106.65 171.40 Td (on ) Tj ET Q q 0 0 0 rg BT 122.23 171.40 Td (the ) Tj ET Q q 0 0 0 rg BT 140.86 171.40 Td (balance ) Tj ET Q q 0 0 0 rg BT 182.74 171.40 Td (sheet ) Tj ET Q q 0 0 0 rg BT 212.99 171.40 Td (as ) Tj ET Q q 0 0 0 rg BT 227.95 171.40 Td (lease ) Tj ET Q q 0 0 0 rg BT 257.58 171.40 Td (assets ) Tj ET Q q 0 0 0 rg BT 292.72 171.40 Td (and ) Tj ET Q q 0 0 0 rg BT 314.41 171.40 Td (lease ) Tj ET Q q 0 0 0 rg BT 344.05 171.40 Td (liabilities. ) Tj ET Q q 0 0 0 rg BT 392.02 171.40 Td ( ) Tj ET Q q 0 0 0 rg BT 395.36 171.40 Td (Lessor ) Tj ET Q q 0 0 0 rg BT 431.72 171.40 Td (accounting ) Tj ET Q q 0 0 0 rg BT 488.27 171.40 Td (remains ) Tj ET Q q 0 0 0 rg BT 530.73 171.40 Td (similar ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 158.20 Td (to ) Tj ET Q q 0 0 0 rg BT 61.19 158.20 Td (the ) Tj ET Q q 0 0 0 rg BT 79.00 158.20 Td (current ) Tj ET Q q 0 0 0 rg BT 115.75 158.20 Td (model, ) Tj ET Q q 0 0 0 rg BT 151.28 158.20 Td (but ) Tj ET Q q 0 0 0 rg BT 169.09 158.20 Td (updated ) Tj ET Q q 0 0 0 rg BT 211.37 158.20 Td (to ) Tj ET Q q 0 0 0 rg BT 223.06 158.20 Td (align ) Tj ET Q q 0 0 0 rg BT 248.81 158.20 Td (with ) Tj ET Q q 0 0 0 rg BT 270.89 158.20 Td (certain ) Tj ET Q q 0 0 0 rg BT 306.42 158.20 Td (changes ) Tj ET Q q 0 0 0 rg BT 350.53 158.20 Td (to ) Tj ET Q q 0 0 0 rg BT 362.22 158.20 Td (the ) Tj ET Q q 0 0 0 rg BT 380.03 158.20 Td (lessee ) Tj ET Q q 0 0 0 rg BT 414.34 158.20 Td (model ) Tj ET Q q 0 0 0 rg BT 446.81 158.20 Td (\(e.g., ) Tj ET Q q 0 0 0 rg BT 474.40 158.20 Td (certain ) Tj ET Q q 0 0 0 rg BT 509.93 158.20 Td (definitions, ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 145.00 Td (such ) Tj ET Q q 0 0 0 rg BT 78.63 145.00 Td (as ) Tj ET Q q 0 0 0 rg BT 96.14 145.00 Td (initial ) Tj ET Q q 0 0 0 rg BT 127.09 145.00 Td (direct ) Tj ET Q q 0 0 0 rg BT 159.88 145.00 Td (costs, ) Tj ET Q q 0 0 0 rg BT 194.51 145.00 Td (have ) Tj ET Q q 0 0 0 rg BT 224.25 145.00 Td (been ) Tj ET Q q 0 0 0 rg BT 254.61 145.00 Td (updated\) ) Tj ET Q q 0 0 0 rg BT 303.93 145.00 Td (and ) Tj ET Q q 0 0 0 rg BT 328.17 145.00 Td (the ) Tj ET Q q 0 0 0 rg BT 349.36 145.00 Td (new ) Tj ET Q q 0 0 0 rg BT 375.43 145.00 Td (revenue ) Tj ET Q q 0 0 0 rg BT 421.07 145.00 Td (recognition ) Tj ET Q q 0 0 0 rg BT 480.78 145.00 Td (standard. ) Tj ET Q q 0 0 0 rg BT 532.53 145.00 Td (Lease ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 131.80 Td (classifications ) Tj ET Q q 0 0 0 rg BT 118.99 131.80 Td (by ) Tj ET Q q 0 0 0 rg BT 132.24 131.80 Td (lessors ) Tj ET Q q 0 0 0 rg BT 168.72 131.80 Td (are ) Tj ET Q q 0 0 0 rg BT 186.25 131.80 Td (similar; ) Tj ET Q q 0 0 0 rg BT 222.71 131.80 Td (operating, ) Tj ET Q q 0 0 0 rg BT 273.27 131.80 Td (direct ) Tj ET Q q 0 0 0 rg BT 301.80 131.80 Td (financing, ) Tj ET Q q 0 0 0 rg BT 350.52 131.80 Td (or ) Tj ET Q q 0 0 0 rg BT 361.93 131.80 Td (sales-type. ) Tj ET Q q 0 0 0 rg BT 416.75 131.80 Td ( ) Tj ET Q q 0 0 0 rg BT 418.39 131.80 Td (Lessees ) Tj ET Q q 0 0 0 rg BT 460.99 131.80 Td (will ) Tj ET Q q 0 0 0 rg BT 477.90 131.80 Td (need ) Tj ET Q q 0 0 0 rg BT 504.00 131.80 Td (to ) Tj ET Q q 0 0 0 rg BT 514.81 131.80 Td (recognize ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 118.60 Td (a ) Tj ET Q q 0 0 0 rg BT 57.98 118.60 Td (right-of-use ) Tj ET Q q 0 0 0 rg BT 115.98 118.60 Td (asset ) Tj ET Q q 0 0 0 rg BT 144.63 118.60 Td (and ) Tj ET Q q 0 0 0 rg BT 165.35 118.60 Td (a ) Tj ET Q q 0 0 0 rg BT 173.83 118.60 Td (lease ) Tj ET Q q 0 0 0 rg BT 202.48 118.60 Td (liability ) Tj ET Q q 0 0 0 rg BT 237.86 118.60 Td (for ) Tj ET Q q 0 0 0 rg BT 253.06 118.60 Td (virtually ) Tj ET Q q 0 0 0 rg BT 292.71 118.60 Td (all ) Tj ET Q q 0 0 0 rg BT 306.07 118.60 Td (of ) Tj ET Q q 0 0 0 rg BT 317.61 118.60 Td (their ) Tj ET Q q 0 0 0 rg BT 341.37 118.60 Td (leases. ) Tj ET Q q 0 0 0 rg BT 378.43 118.60 Td (The ) Tj ET Q q 0 0 0 rg BT 399.75 118.60 Td (liability ) Tj ET Q q 0 0 0 rg BT 435.12 118.60 Td (will ) Tj ET Q q 0 0 0 rg BT 452.76 118.60 Td (be ) Tj ET Q q 0 0 0 rg BT 467.36 118.60 Td (equal ) Tj ET Q q 0 0 0 rg BT 496.63 118.60 Td (to ) Tj ET Q q 0 0 0 rg BT 508.17 118.60 Td (the ) Tj ET Q q 0 0 0 rg BT 525.82 118.60 Td (present ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 105.40 Td (value ) Tj ET Q q 0 0 0 rg BT 79.22 105.40 Td (of ) Tj ET Q q 0 0 0 rg BT 91.81 105.40 Td (lease ) Tj ET Q q 0 0 0 rg BT 121.53 105.40 Td (payments. ) Tj ET Q q 0 0 0 rg BT 175.47 105.40 Td (The ) Tj ET Q q 0 0 0 rg BT 197.85 105.40 Td (asset ) Tj ET Q q 0 0 0 rg BT 227.56 105.40 Td (will ) Tj ET Q q 0 0 0 rg BT 246.26 105.40 Td (be ) Tj ET Q q 0 0 0 rg BT 261.91 105.40 Td (based ) Tj ET Q q 0 0 0 rg BT 295.30 105.40 Td (on ) Tj ET Q q 0 0 0 rg BT 310.96 105.40 Td (the ) Tj ET Q q 0 0 0 rg BT 329.67 105.40 Td (liability) Tj ET Q q 0 0 0 rg BT 361.86 105.40 Td (, ) Tj ET Q q 0 0 0 rg BT 368.34 105.40 Td (subject ) Tj ET Q q 0 0 0 rg BT 406.61 105.40 Td (to ) Tj ET Q q 0 0 0 rg BT 419.21 105.40 Td (adjustment, ) Tj ET Q q 0 0 0 rg BT 479.49 105.40 Td (such ) Tj ET Q q 0 0 0 rg BT 506.15 105.40 Td (as ) Tj ET Q q 0 0 0 rg BT 521.19 105.40 Td (for ) Tj ET Q q 0 0 0 rg BT 537.44 105.40 Td (initial ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 92.20 Td (direct ) Tj ET Q q 0 0 0 rg BT 77.93 92.20 Td (costs. ) Tj ET Q q 0 0 0 rg BT 108.19 92.20 Td (For ) Tj ET Q q 0 0 0 rg BT 126.22 92.20 Td (income ) Tj ET Q q 0 0 0 rg BT 163.21 92.20 Td (statement ) Tj ET Q q 0 0 0 rg BT 213.04 92.20 Td (purposes, ) Tj ET Q q 0 0 0 rg BT 262.88 92.20 Td (the ) Tj ET Q q 0 0 0 rg BT 279.70 92.20 Td (F) Tj ET Q q 0 0 0 rg BT 285.81 92.20 Td (ASB ) Tj ET Q q 0 0 0 rg BT 309.35 92.20 Td (retained ) Tj ET Q q 0 0 0 rg BT 350.63 92.20 Td (a ) Tj ET Q q 0 0 0 rg BT 358.28 92.20 Td (dual ) Tj ET Q q 0 0 0 rg BT 380.61 92.20 Td (model, ) Tj ET Q q 0 0 0 rg BT 415.15 92.20 Td (requiring ) Tj ET Q q 0 0 0 rg BT 459.48 92.20 Td (leases ) Tj ET Q q 0 0 0 rg BT 492.81 92.20 Td (to ) Tj ET Q q 0 0 0 rg BT 503.51 92.20 Td (be ) Tj ET Q q 0 0 0 rg BT 517.28 92.20 Td (classified ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 79.00 Td (as ) Tj ET Q q 0 0 0 rg BT 63.60 79.00 Td (either ) Tj ET Q q 0 0 0 rg BT 93.60 79.00 Td (operating ) Tj ET Q q 0 0 0 rg BT 141.95 79.00 Td (or ) Tj ET Q q 0 0 0 rg BT 154.21 79.00 Td (finance. ) Tj ET Q q 0 0 0 rg BT 195.22 79.00 Td (Classification ) Tj ET Q q 0 0 0 rg BT 262.50 79.00 Td (will ) Tj ET Q q 0 0 0 rg BT 280.26 79.00 Td (be ) Tj ET Q q 0 0 0 rg BT 294.98 79.00 Td (based ) Tj ET Q q 0 0 0 rg BT 327.43 79.00 Td (on ) Tj ET Q q 0 0 0 rg BT 342.14 79.00 Td (criteria ) Tj ET Q q 0 0 0 rg BT 377.63 79.00 Td (that ) Tj ET Q q 0 0 0 rg BT 398.46 79.00 Td (are ) Tj ET Q q 0 0 0 rg BT 416.84 79.00 Td (largely ) Tj ET Q q 0 0 0 rg BT 451.73 79.00 Td (similar ) Tj ET Q q 0 0 0 rg BT 485.98 79.00 Td (to ) Tj ET Q q 0 0 0 rg BT 497.64 79.00 Td (those ) Tj ET Q q 0 0 0 rg BT 527.03 79.00 Td (applied ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 65.80 Td (in ) Tj ET Q q 0 0 0 rg BT 62.33 65.80 Td (current ) Tj ET Q q 0 0 0 rg BT 100.84 65.80 Td (lease ) Tj ET Q q 0 0 0 rg BT 131.41 65.80 Td (accounting, ) Tj ET Q q 0 0 0 rg BT 191.95 65.80 Td (but ) Tj ET Q q 0 0 0 rg BT 211.51 65.80 Td (without ) Tj ET Q q 0 0 0 rg BT 250.64 65.80 Td (explicit ) Tj ET Q q 0 0 0 rg BT 288.53 65.80 Td (thresholds. ) Tj ET Q q 0 0 0 rg BT 346.61 65.80 Td ( ) Tj ET Q q 0 0 0 rg BT 350.61 65.80 Td (The ) Tj ET Q q 0 0 0 rg BT 372.98 65.80 Td (ASU ) Tj ET Q q 0 0 0 rg BT 399.87 65.80 Td (will ) Tj ET Q q 0 0 0 rg BT 419.42 65.80 Td (require ) Tj ET Q q 0 0 0 rg BT 457.94 65.80 Td (both ) Tj ET Q q 0 0 0 rg BT 483.62 65.80 Td (quantitative ) Tj ET Q q 0 0 0 rg BT 544.15 65.80 Td (and ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 52.60 Td (qualitative ) Tj ET Q q 0 0 0 rg BT 102.09 52.60 Td (disclosures ) Tj ET Q q 0 0 0 rg BT 160.17 52.60 Td (regarding ) Tj ET Q q 0 0 0 rg BT 209.70 52.60 Td (key ) Tj ET Q q 0 0 0 rg BT 229.87 52.60 Td (information ) Tj ET Q q 0 0 0 rg BT 287.34 52.60 Td (about ) Tj ET Q q 0 0 0 rg BT 317.93 52.60 Td (leasing ) Tj ET Q q 0 0 0 rg BT 355.84 52.60 Td (arrangements.) Tj ET Q endstream endobj 383 0 obj <> endobj 384 0 obj <> stream BT /F5 11.00 Tf ET q 0 0 0 rg BT 276.65 771.50 Td (RCM6, LLC) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 208.90 758.30 Td (NOTES T) Tj ET Q q 0 0 0 rg BT 256.37 758.30 Td (O FINANCIAL) Tj ET Q q 0 0 0 rg BT 327.05 758.30 Td ( ST) Tj ET Q q 0 0 0 rg BT 343.35 758.30 Td (A) Tj ET Q q 0 0 0 rg BT 350.48 758.30 Td (TEMENTS) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 226.50 745.10 Td (DECEMBER 31, 2015 and 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 33.60 Td (188) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 690.90 Td (The ) Tj ET Q q 0 0 0 rg BT 72.33 690.90 Td (standard ) Tj ET Q q 0 0 0 rg BT 119.01 690.90 Td (is ) Tj ET Q q 0 0 0 rg BT 130.83 690.90 Td (ef) Tj ET Q q 0 0 0 rg BT 139.80 690.90 Td (fective ) Tj ET Q q 0 0 0 rg BT 175.47 690.90 Td (for ) Tj ET Q q 0 0 0 rg BT 192.18 690.90 Td (the ) Tj ET Q q 0 0 0 rg BT 211.35 690.90 Td (Company ) Tj ET Q q 0 0 0 rg BT 262.30 690.90 Td (for ) Tj ET Q q 0 0 0 rg BT 279.01 690.90 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 307.94 690.90 Td (years, ) Tj ET Q q 0 0 0 rg BT 341.77 690.90 Td (and ) Tj ET Q q 0 0 0 rg BT 364.00 690.90 Td (interim ) Tj ET Q q 0 0 0 rg BT 400.88 690.90 Td (periods ) Tj ET Q q 0 0 0 rg BT 440.83 690.90 Td (within ) Tj ET Q q 0 0 0 rg BT 472.83 690.90 Td (those ) Tj ET Q q 0 0 0 rg BT 503.61 690.90 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 532.55 690.90 Td (years, ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 677.70 Td (beginning ) Tj ET Q q 0 0 0 rg BT 99.99 677.70 Td (after ) Tj ET Q q 0 0 0 rg BT 124.78 677.70 Td (December ) Tj ET Q q 0 0 0 rg BT 178.30 677.70 Td (15, ) Tj ET Q q 0 0 0 rg BT 196.38 677.70 Td (2018. ) Tj ET Q q 0 0 0 rg BT 226.68 677.70 Td (Early ) Tj ET Q q 0 0 0 rg BT 254.52 677.70 Td (adoption ) Tj ET Q q 0 0 0 rg BT 299.51 677.70 Td (is ) Tj ET Q q 0 0 0 rg BT 310.23 677.70 Td (permitted. ) Tj ET Q q 0 0 0 rg BT 361.74 677.70 Td (The ) Tj ET Q q 0 0 0 rg BT 383.48 677.70 Td (new ) Tj ET Q q 0 0 0 rg BT 406.44 677.70 Td (standard ) Tj ET Q q 0 0 0 rg BT 452.03 677.70 Td (must ) Tj ET Q q 0 0 0 rg BT 478.64 677.70 Td (be ) Tj ET Q q 0 0 0 rg BT 493.66 677.70 Td (adopted ) Tj ET Q q 0 0 0 rg BT 536.20 677.70 Td (using ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 664.50 Td (a ) Tj ET Q q 0 0 0 rg BT 60.16 664.50 Td (modified ) Tj ET Q q 0 0 0 rg BT 106.28 664.50 Td (retrospective ) Tj ET Q q 0 0 0 rg BT 173.80 664.50 Td (transition, ) Tj ET Q q 0 0 0 rg BT 226.03 664.50 Td (and ) Tj ET Q q 0 0 0 rg BT 248.93 664.50 Td (provides ) Tj ET Q q 0 0 0 rg BT 295.05 664.50 Td (for ) Tj ET Q q 0 0 0 rg BT 312.43 664.50 Td (certain ) Tj ET Q q 0 0 0 rg BT 349.99 664.50 Td (practical ) Tj ET Q q 0 0 0 rg BT 395.50 664.50 Td (expedients. ) Tj ET Q q 0 0 0 rg BT 456.01 664.50 Td (T) Tj ET Q q 0 0 0 rg BT 462.32 664.50 Td (ransition ) Tj ET Q q 0 0 0 rg BT 508.44 664.50 Td (will ) Tj ET Q q 0 0 0 rg BT 528.26 664.50 Td (require ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 651.30 Td (application ) Tj ET Q q 0 0 0 rg BT 104.40 651.30 Td (of ) Tj ET Q q 0 0 0 rg BT 115.89 651.30 Td (the ) Tj ET Q q 0 0 0 rg BT 133.49 651.30 Td (new ) Tj ET Q q 0 0 0 rg BT 155.98 651.30 Td (guidance ) Tj ET Q q 0 0 0 rg BT 202.94 651.30 Td (at ) Tj ET Q q 0 0 0 rg BT 214.42 651.30 Td (the ) Tj ET Q q 0 0 0 rg BT 232.02 651.30 Td (beginning ) Tj ET Q q 0 0 0 rg BT 282.05 651.30 Td (of ) Tj ET Q q 0 0 0 rg BT 293.53 651.30 Td (the ) Tj ET Q q 0 0 0 rg BT 311.13 651.30 Td (earliest ) Tj ET Q q 0 0 0 rg BT 348.90 651.30 Td (comparative ) Tj ET Q q 0 0 0 rg BT 411.13 651.30 Td (period ) Tj ET Q q 0 0 0 rg BT 444.01 651.30 Td (presented. ) Tj ET Q q 0 0 0 rg BT 498.30 651.30 Td (Management ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 638.10 Td (is ) Tj ET Q q 0 0 0 rg BT 60.50 638.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 105.74 638.10 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 158.94 638.10 Td (the ) Tj ET Q q 0 0 0 rg BT 177.29 638.10 Td (ef) Tj ET Q q 0 0 0 rg BT 186.26 638.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 207.05 638.10 Td (of ) Tj ET Q q 0 0 0 rg BT 219.28 638.10 Td (this ) Tj ET Q q 0 0 0 rg BT 238.85 638.10 Td (ASU ) Tj ET Q q 0 0 0 rg BT 264.52 638.10 Td (on ) Tj ET Q q 0 0 0 rg BT 279.81 638.10 Td (its ) Tj ET Q q 0 0 0 rg BT 293.87 638.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 337.28 638.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 394.14 638.10 Td (and ) Tj ET Q q 0 0 0 rg BT 415.55 638.10 Td (disclosures.) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 49.50 612.90 Td (Reclassifications) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 587.70 Td (Certain reclassifications have been made to the prior years) Tj ET Q q 0 0 0 rg BT 338.29 587.70 Td ( financial statements to conform to the current ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 574.50 Td (year presentation. ) Tj ET Q q 0 0 0 rg BT 140.41 574.50 Td (These reclassifications had no ef) Tj ET Q q 0 0 0 rg BT 300.41 574.50 Td (fect on previously reported results of operations or ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 561.30 Td (members equity) Tj ET Q q 0 0 0 rg BT 126.94 561.30 Td (.) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 49.50 534.90 Td (NOTE ) Tj ET Q q 0 0 0 rg BT 83.11 534.90 Td (2 ) Tj ET Q q 0 0 0 rg BT 92.29 534.90 Td ( ) Tj ET Q q 0 0 0 rg BT 101.46 534.90 Td (FIXED ) Tj ET Q q 0 0 0 rg BT 136.50 534.90 Td (ASSETS) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 508.50 Td (Fixed ) Tj ET Q q 0 0 0 rg BT 79.32 508.50 Td (assets ) Tj ET Q q 0 0 0 rg BT 114.02 508.50 Td (are ) Tj ET Q q 0 0 0 rg BT 132.84 508.50 Td (comprised ) Tj ET Q q 0 0 0 rg BT 186.50 508.50 Td (of ) Tj ET Q q 0 0 0 rg BT 198.59 508.50 Td (the ) Tj ET Q q 0 0 0 rg BT 216.80 508.50 Td (Facility ) Tj ET Q q 0 0 0 rg BT 253.94 508.50 Td (and ) Tj ET Q q 0 0 0 rg BT 275.21 508.50 Td (ancillary ) Tj ET Q q 0 0 0 rg BT 318.48 508.50 Td (equipment. ) Tj ET Q q 0 0 0 rg BT 375.63 508.50 Td (These ) Tj ET Q q 0 0 0 rg BT 409.12 508.50 Td (assets ) Tj ET Q q 0 0 0 rg BT 443.83 508.50 Td (are ) Tj ET Q q 0 0 0 rg BT 462.64 508.50 Td (recorded ) Tj ET Q q 0 0 0 rg BT 508.98 508.50 Td (at ) Tj ET Q q 0 0 0 rg BT 521.07 508.50 Td (cost ) Tj ET Q q 0 0 0 rg BT 544.16 508.50 Td (and ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 495.30 Td (depreciated ) Tj ET Q q 0 0 0 rg BT 110.04 495.30 Td (using ) Tj ET Q q 0 0 0 rg BT 139.40 495.30 Td (the ) Tj ET Q q 0 0 0 rg BT 157.74 495.30 Td (straight-line ) Tj ET Q q 0 0 0 rg BT 217.66 495.30 Td (method ) Tj ET Q q 0 0 0 rg BT 257.40 495.30 Td (with ) Tj ET Q q 0 0 0 rg BT 280.02 495.30 Td (an ) Tj ET Q q 0 0 0 rg BT 295.31 495.30 Td (estimated ) Tj ET Q q 0 0 0 rg BT 346.06 495.30 Td (useful ) Tj ET Q q 0 0 0 rg BT 378.47 495.30 Td (life ) Tj ET Q q 0 0 0 rg BT 395.59 495.30 Td (of ) Tj ET Q q 0 0 0 rg BT 407.82 495.30 Td (20 ) Tj ET Q q 0 0 0 rg BT 423.11 495.30 Td (years.) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 470.10 Td (The following table summarizes the components of gross and net carrying amounts for fixed assets as of ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 456.90 Td (December 31, 2015 and 2014:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348 431.4 m 428 431.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 431.4 m 432 431.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432 431.4 m 512 431.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348 400.4 m 428 400.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348 386.4 m 428 386.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348 384.4 m 428 384.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 400.4 m 432 400.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 386.4 m 432 386.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 384.4 m 432 384.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432 400.4 m 512 400.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432 386.4 m 512 386.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432 384.4 m 512 384.4 l s BT /F5 11.00 Tf ET q 0 0 0 rg BT 375.25 435.89 Td (2015) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 459.25 435.89 Td (2014) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 88.50 420.89 Td (Facility and other refined coal production equipment) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 350.50 420.89 Td ($) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 374.80 420.89 Td (3,016,308) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 434.50 420.89 Td ($) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 458.80 420.89 Td (2,991,778) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 88.50 405.24 Td (Accumulated depreciation) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 380.30 405.24 Td (\(543,909) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 423.80 405.24 Td (\)) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 464.30 405.24 Td (\(383,688) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 507.80 405.24 Td (\)) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 88.50 389.89 Td (Fixed assets, net) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 350.50 389.89 Td ($) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 374.80 389.89 Td (2,472,399) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 434.50 389.89 Td ($) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 458.80 389.89 Td (2,608,090) Tj ET Q BT /F1 10.00 Tf ET BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 359.50 Td (Fixed ) Tj ET Q q 0 0 0 rg BT 78.24 359.50 Td (assets ) Tj ET Q q 0 0 0 rg BT 111.86 359.50 Td (are ) Tj ET Q q 0 0 0 rg BT 129.60 359.50 Td (stated ) Tj ET Q q 0 0 0 rg BT 161.40 359.50 Td (at ) Tj ET Q q 0 0 0 rg BT 172.41 359.50 Td (historical ) Tj ET Q q 0 0 0 rg BT 217.65 359.50 Td (cost. ) Tj ET Q q 0 0 0 rg BT 242.72 359.50 Td (Expenditures ) Tj ET Q q 0 0 0 rg BT 308.76 359.50 Td (for ) Tj ET Q q 0 0 0 rg BT 323.44 359.50 Td (major ) Tj ET Q q 0 0 0 rg BT 352.78 359.50 Td (renewals ) Tj ET Q q 0 0 0 rg BT 398.64 359.50 Td (and ) Tj ET Q q 0 0 0 rg BT 418.83 359.50 Td (improvements ) Tj ET Q q 0 0 0 rg BT 489.74 359.50 Td (are ) Tj ET Q q 0 0 0 rg BT 507.48 359.50 Td (capitalized, ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 346.30 Td (while ) Tj ET Q q 0 0 0 rg BT 77.85 346.30 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 144.13 346.30 Td (and ) Tj ET Q q 0 0 0 rg BT 165.77 346.30 Td (repair ) Tj ET Q q 0 0 0 rg BT 197.17 346.30 Td (costs ) Tj ET Q q 0 0 0 rg BT 226.13 346.30 Td (that ) Tj ET Q q 0 0 0 rg BT 247.77 346.30 Td (do ) Tj ET Q q 0 0 0 rg BT 263.29 346.30 Td (not ) Tj ET Q q 0 0 0 rg BT 281.87 346.30 Td (significantly ) Tj ET Q q 0 0 0 rg BT 342.01 346.30 Td (improve ) Tj ET Q q 0 0 0 rg BT 384.42 346.30 Td (the ) Tj ET Q q 0 0 0 rg BT 403.00 346.30 Td (related ) Tj ET Q q 0 0 0 rg BT 439.92 346.30 Td (asset ) Tj ET Q q 0 0 0 rg BT 469.50 346.30 Td (or ) Tj ET Q q 0 0 0 rg BT 482.56 346.30 Td (extend ) Tj ET Q q 0 0 0 rg BT 518.88 346.30 Td (its ) Tj ET Q q 0 0 0 rg BT 533.16 346.30 Td (useful ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 333.10 Td (life, ) Tj ET Q q 0 0 0 rg BT 70.12 333.10 Td (are ) Tj ET Q q 0 0 0 rg BT 89.52 333.10 Td (charged ) Tj ET Q q 0 0 0 rg BT 132.77 333.10 Td (to ) Tj ET Q q 0 0 0 rg BT 145.45 333.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 190.53 333.10 Td (as ) Tj ET Q q 0 0 0 rg BT 205.65 333.10 Td (incurred. ) Tj ET Q q 0 0 0 rg BT 251.95 333.10 Td (Depreciation ) Tj ET Q q 0 0 0 rg BT 317.21 333.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 362.30 333.10 Td (was ) Tj ET Q q 0 0 0 rg BT 385.36 333.10 Td ($160,221 ) Tj ET Q q 0 0 0 rg BT 434.74 333.10 Td (and ) Tj ET Q q 0 0 0 rg BT 456.60 333.10 Td ($136,426 ) Tj ET Q q 0 0 0 rg BT 505.98 333.10 Td (for ) Tj ET Q q 0 0 0 rg BT 522.31 333.10 Td (the ) Tj ET Q q 0 0 0 rg BT 541.11 333.10 Td (year ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 319.90 Td (ended ) Tj ET Q q 0 0 0 rg BT 83.14 319.90 Td (December ) Tj ET Q q 0 0 0 rg BT 136.94 319.90 Td (31, ) Tj ET Q q 0 0 0 rg BT 155.29 319.90 Td (2015 ) Tj ET Q q 0 0 0 rg BT 182.82 319.90 Td (and ) Tj ET Q q 0 0 0 rg BT 204.23 319.90 Td (period ) Tj ET Q q 0 0 0 rg BT 237.86 319.90 Td (February ) Tj ET Q q 0 0 0 rg BT 284.93 319.90 Td (10, ) Tj ET Q q 0 0 0 rg BT 303.28 319.90 Td (2014 ) Tj ET Q q 0 0 0 rg BT 330.81 319.90 Td (to ) Tj ET Q q 0 0 0 rg BT 343.04 319.90 Td (December ) Tj ET Q q 0 0 0 rg BT 396.83 319.90 Td (31, ) Tj ET Q q 0 0 0 rg BT 415.18 319.90 Td (2014, ) Tj ET Q q 0 0 0 rg BT 445.76 319.90 Td (respectively) Tj ET Q q 0 0 0 rg BT 503.02 319.90 Td (.) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 294.70 Td (Under the site agreement between the Company and the Generator) Tj ET Q q 0 0 0 rg BT 378.48 294.70 Td (, the Company is required to ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 281.50 Td (remediate the Facility site to its original condition upon termination of the agreement. ) Tj ET Q q 0 0 0 rg BT 463.25 281.50 Td (This asset ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 268.30 Td (retirement obligation \(ARO\) is based upon estimated removal costs of the Facility at the end of the site ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 255.10 Td (license agreement term anticipated to be December 31, 2021. ) Tj ET Q q 0 0 0 rg BT 353.81 255.10 Td (The following table summarizes changes ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 241.90 Td (to the Company) Tj ET Q q 0 0 0 rg BT 129.40 241.90 Td (s ) Tj ET Q q 0 0 0 rg BT 137.35 241.90 Td (AROs as of December 31, 2015 and 2014:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348 216.39999999999998 m 428 216.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 216.39999999999998 m 432 216.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432 216.39999999999998 m 512 216.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348 171.39999999999998 m 428 171.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348 157.39999999999998 m 428 157.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348 155.39999999999998 m 428 155.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 171.39999999999998 m 432 171.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 157.39999999999998 m 432 157.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 155.39999999999998 m 432 155.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432 171.39999999999998 m 512 171.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432 157.39999999999998 m 512 157.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432 155.39999999999998 m 512 155.39999999999998 l s BT /F5 11.00 Tf ET q 0 0 0 rg BT 375.25 220.89 Td (2015) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 459.25 220.89 Td (2014) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 88.50 205.89 Td (Beginning ARO balance) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 350.50 205.89 Td ($) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 384.00 205.94 Td (103,173) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 434.50 205.89 Td ($) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 496.75 205.89 Td () Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 88.50 190.89 Td (Liabilities incurred) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 412.75 190.89 Td () Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 474.15 190.89 Td (95,807) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 88.50 175.89 Td (Accretion) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 390.15 175.89 Td (10,710) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 480.25 175.94 Td (7,366) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 88.50 160.89 Td (Ending ARO balance) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 350.50 160.89 Td ($) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 384.00 160.94 Td (113,883) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 434.50 160.89 Td ($) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 468.00 160.94 Td (103,173) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 385 0 obj <> endobj 386 0 obj <> stream BT /F5 11.00 Tf ET q 0 0 0 rg BT 276.65 771.50 Td (RCM6, LLC) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 208.90 758.30 Td (NOTES T) Tj ET Q q 0 0 0 rg BT 256.37 758.30 Td (O FINANCIAL) Tj ET Q q 0 0 0 rg BT 327.05 758.30 Td ( ST) Tj ET Q q 0 0 0 rg BT 343.35 758.30 Td (A) Tj ET Q q 0 0 0 rg BT 350.48 758.30 Td (TEMENTS) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 226.50 745.10 Td (DECEMBER 31, 2015 and 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 33.60 Td (189) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 49.50 703.00 Td (NOTE ) Tj ET Q q 0 0 0 rg BT 83.11 703.00 Td (3 ) Tj ET Q q 0 0 0 rg BT 92.29 703.00 Td ( ) Tj ET Q q 0 0 0 rg BT 101.46 703.00 Td (INVENT) Tj ET Q q 0 0 0 rg BT 141.60 703.00 Td (ORIES) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 676.60 Td (Inventory is comprised of feedstock coal and chemicals used in the production of refined coal. ) Tj ET Q q 0 0 0 rg BT 507.48 676.60 Td (A) Tj ET Q q 0 0 0 rg BT 514.21 676.60 Td ( summary ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 663.40 Td (of inventories follows:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348 637.9 m 428 637.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 637.9 m 432 637.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432 637.9 m 512 637.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348 607.9 m 428 607.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348 593.9 m 428 593.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348 591.9 m 428 591.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 607.9 m 432 607.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 593.9 m 432 593.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 591.9 m 432 591.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432 607.9 m 512 607.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432 593.9 m 512 593.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432 591.9 m 512 591.9 l s BT /F5 11.00 Tf ET q 0 0 0 rg BT 375.25 642.39 Td (2015) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 459.25 642.39 Td (2014) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 88.50 627.39 Td (Feedstock Coal Inventory) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 350.50 627.39 Td ($) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 374.80 627.39 Td (8,535,347) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 434.50 627.39 Td ($) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 458.80 627.39 Td (8,001,092) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 88.50 612.39 Td (Chemical Inventory) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 390.15 612.39 Td (69,035) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 474.15 612.39 Td (99,510) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 350.50 597.39 Td ($) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 374.80 597.39 Td (8,604,382) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 434.50 597.39 Td ($) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 458.80 597.39 Td (8,100,602) Tj ET Q BT /F1 10.00 Tf ET BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 567.00 Td (Inventory is valued at average cost. ) Tj ET Q q 0 0 0 rg BT 225.40 567.00 Td (The Company assesses the inventory valuation on a monthly basis ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 553.80 Td (and reduces the value for any obsolete inventory) Tj ET Q q 0 0 0 rg BT 285.95 553.80 Td (. No valuation allowance was considered necessary as ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 540.60 Td (of December 31, 2015 and 2014, respectively) Tj ET Q q 0 0 0 rg BT 270.65 540.60 Td (.) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 49.50 502.20 Td (NOTE ) Tj ET Q q 0 0 0 rg BT 83.11 502.20 Td (4 ) Tj ET Q q 0 0 0 rg BT 92.29 502.20 Td ( ) Tj ET Q q 0 0 0 rg BT 101.46 502.20 Td (SECURED ) Tj ET Q q 0 0 0 rg BT 158.30 502.20 Td (PROMISSOR) Tj ET Q q 0 0 0 rg BT 225.12 502.20 Td (Y) Tj ET Q q 0 0 0 rg BT 232.26 502.20 Td ( ) Tj ET Q q 0 0 0 rg BT 235.32 502.20 Td (NOTE ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 477.00 Td (On February 10, 2014, the Company entered into an $1) Tj ET Q q 0 0 0 rg BT 319.58 477.00 Td (1.0 million secured promissory note \(Note\) with ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 463.80 Td (the Generator from which it purchases feedstock coal and to which it sells refined and unrefined coal on ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 450.60 Td (a monthly basis. ) Tj ET Q q 0 0 0 rg BT 131.84 450.60 Td (The purpose of the Note is to finance the purchases of feedstock coal from the ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 437.40 Td (Generator) Tj ET Q q 0 0 0 rg BT 98.42 437.40 Td (. ) Tj ET Q q 0 0 0 rg BT 104.33 437.40 Td (The amount of principal and interest owed is dependent upon the amount of feedstock coal ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 424.20 Td (purchased, and the refined and unrefined coal sold between the two parties and is net settled on a ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 411.00 Td (monthly basis. ) Tj ET Q q 0 0 0 rg BT 122.67 411.00 Td (The Note is collateralized by the feedstock coal inventory) Tj ET Q q 0 0 0 rg BT 399.44 411.00 Td (. ) Tj ET Q q 0 0 0 rg BT 408.41 411.00 Td (The Note bears interest at a ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 397.80 Td (per annum rate equal to the short-term applicable federal rate announced by the IRS in December of ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 384.60 Td (each year) Tj ET Q q 0 0 0 rg BT 97.20 384.60 Td (. ) Tj ET Q q 0 0 0 rg BT 106.17 384.60 Td (The rates were 0.34% and 0.25% for 2015 and 2014, respectively) Tj ET Q q 0 0 0 rg BT 425.17 384.60 Td (. Interest is payable ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 371.40 Td (quarterly in arrears.) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 346.20 Td (All outstanding amounts owed under the Note are due and payable on the earlier of December 31, 2021 ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 333.00 Td (or the termination or expiration of the feedstock coal purchase agreement between the Company and the ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 319.80 Td (Generator) Tj ET Q q 0 0 0 rg BT 98.42 319.80 Td (.) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 294.60 Td (At December 31, 2015 and 2014, the outstanding balance on the Note was $7,535,347 and $7,001,092 ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 281.40 Td (respectively) Tj ET Q q 0 0 0 rg BT 106.76 281.40 Td (. Interest payable of $6,261 and $4,213, respectively were recorded at December 31, 2015 ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 268.20 Td (and 2014.) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 49.50 228.60 Td (NOTE ) Tj ET Q q 0 0 0 rg BT 83.11 228.60 Td (5 ) Tj ET Q q 0 0 0 rg BT 92.29 228.60 Td ( ) Tj ET Q q 0 0 0 rg BT 101.46 228.60 Td (MEMBERS) Tj ET Q q 0 0 0 rg BT 160.13 228.60 Td ( ) Tj ET Q q 0 0 0 rg BT 163.19 228.60 Td (EQUITY) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 202.20 Td (The Company was formed by OE-T) Tj ET Q q 0 0 0 rg BT 222.30 202.20 Td (O, LLC, a 100% owned subsidiary of Clean Coal Solutions, LLC ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 189.00 Td (\(CCS\). OE-T) Tj ET Q q 0 0 0 rg BT 119.57 189.00 Td (O, LLC sold 99.8% of its interest in the Company on February 10, 2014 to various related ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 175.80 Td (party \(49.9%\) and third party investors \(49.9%\). ) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 49.50 149.40 Td ( ) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 49.50 136.20 Td (NOTE ) Tj ET Q q 0 0 0 rg BT 83.11 136.20 Td (6 ) Tj ET Q q 0 0 0 rg BT 92.29 136.20 Td ( ) Tj ET Q q 0 0 0 rg BT 101.46 136.20 Td (RELA) Tj ET Q q 0 0 0 rg BT 130.59 136.20 Td (TED ) Tj ET Q q 0 0 0 rg BT 155.64 136.20 Td (P) Tj ET Q q 0 0 0 rg BT 162.16 136.20 Td (ARTY) Tj ET Q q 0 0 0 rg BT 191.91 136.20 Td ( ) Tj ET Q q 0 0 0 rg BT 194.97 136.20 Td (TRANSACTIONS) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 112.20 Td (The ) Tj ET Q q 0 0 0 rg BT 71.72 112.20 Td (Company ) Tj ET Q q 0 0 0 rg BT 122.06 112.20 Td (conducts ) Tj ET Q q 0 0 0 rg BT 169.35 112.20 Td (business ) Tj ET Q q 0 0 0 rg BT 216.02 112.20 Td (with ) Tj ET Q q 0 0 0 rg BT 238.85 112.20 Td (various ) Tj ET Q q 0 0 0 rg BT 277.57 112.20 Td (related ) Tj ET Q q 0 0 0 rg BT 314.46 112.20 Td (party ) Tj ET Q q 0 0 0 rg BT 342.18 112.20 Td (entities. ) Tj ET Q q 0 0 0 rg BT 383.35 112.20 Td (CCS ) Tj ET Q q 0 0 0 rg BT 409.84 112.20 Td (is ) Tj ET Q q 0 0 0 rg BT 421.05 112.20 Td (the ) Tj ET Q q 0 0 0 rg BT 439.60 112.20 Td (100% ) Tj ET Q q 0 0 0 rg BT 471.00 112.20 Td (parent ) Tj ET Q q 0 0 0 rg BT 505.45 112.20 Td (company ) Tj ET Q q 0 0 0 rg BT 553.34 112.20 Td (of ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 99.00 Td (OE-T) Tj ET Q q 0 0 0 rg BT 75.58 99.00 Td (O, ) Tj ET Q q 0 0 0 rg BT 90.30 99.00 Td (LLC ) Tj ET Q q 0 0 0 rg BT 113.58 99.00 Td (which ) Tj ET Q q 0 0 0 rg BT 144.81 99.00 Td (sold ) Tj ET Q q 0 0 0 rg BT 168.10 99.00 Td (the ) Tj ET Q q 0 0 0 rg BT 186.50 99.00 Td (membership ) Tj ET Q q 0 0 0 rg BT 250.13 99.00 Td (interests ) Tj ET Q q 0 0 0 rg BT 294.80 99.00 Td (in ) Tj ET Q q 0 0 0 rg BT 306.47 99.00 Td (the ) Tj ET Q q 0 0 0 rg BT 324.87 99.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 375.06 99.00 Td (on ) Tj ET Q q 0 0 0 rg BT 390.40 99.00 Td (February ) Tj ET Q q 0 0 0 rg BT 437.52 99.00 Td (10, ) Tj ET Q q 0 0 0 rg BT 455.92 99.00 Td (2014. ) Tj ET Q q 0 0 0 rg BT 486.55 99.00 Td ( ) Tj ET Q q 0 0 0 rg BT 489.66 99.00 Td (CCS ) Tj ET Q q 0 0 0 rg BT 515.99 99.00 Td (is ) Tj ET Q q 0 0 0 rg BT 527.04 99.00 Td (owned, ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 85.80 Td (in ) Tj ET Q q 0 0 0 rg BT 61.12 85.80 Td (part, ) Tj ET Q q 0 0 0 rg BT 86.19 85.80 Td (by ) Tj ET Q q 0 0 0 rg BT 100.26 85.80 Td (ADA-ES, ) Tj ET Q q 0 0 0 rg BT 147.33 85.80 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 168.13 85.80 Td (\(ADA\) ) Tj ET Q q 0 0 0 rg BT 208.46 85.80 Td (which ) Tj ET Q q 0 0 0 rg BT 239.64 85.80 Td (is ) Tj ET Q q 0 0 0 rg BT 250.64 85.80 Td (the ) Tj ET Q q 0 0 0 rg BT 269.00 85.80 Td (parent ) Tj ET Q q 0 0 0 rg BT 303.25 85.80 Td (company ) Tj ET Q q 0 0 0 rg BT 350.94 85.80 Td (of ) Tj ET Q q 0 0 0 rg BT 362.57 85.80 Td (ADA-RCM6, ) Tj ET Q q 0 0 0 rg BT 426.13 85.80 Td (LLC, ) Tj ET Q q 0 0 0 rg BT 452.43 85.80 Td (one ) Tj ET Q q 0 0 0 rg BT 473.84 85.80 Td (of ) Tj ET Q q 0 0 0 rg BT 486.08 85.80 Td (the ) Tj ET Q q 0 0 0 rg BT 504.43 85.80 Td (members ) Tj ET Q q 0 0 0 rg BT 553.33 85.80 Td (of ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 72.60 Td (the ) Tj ET Q q 0 0 0 rg BT 67.85 72.60 Td (Company) Tj ET Q q 0 0 0 rg BT 114.11 72.60 Td (.) Tj ET Q endstream endobj 387 0 obj <> endobj 388 0 obj <> stream BT /F5 11.00 Tf ET q 0 0 0 rg BT 276.65 771.50 Td (RCM6, LLC) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 208.90 758.30 Td (NOTES T) Tj ET Q q 0 0 0 rg BT 256.37 758.30 Td (O FINANCIAL) Tj ET Q q 0 0 0 rg BT 327.05 758.30 Td ( ST) Tj ET Q q 0 0 0 rg BT 343.35 758.30 Td (A) Tj ET Q q 0 0 0 rg BT 350.48 758.30 Td (TEMENTS) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 226.50 745.10 Td (DECEMBER 31, 2015 and 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 33.60 Td (190) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 703.00 Td (CCS ) Tj ET Q q 0 0 0 rg BT 76.16 703.00 Td (and ) Tj ET Q q 0 0 0 rg BT 97.26 703.00 Td (ADA) Tj ET Q q 0 0 0 rg BT 119.27 703.00 Td ( ) Tj ET Q q 0 0 0 rg BT 122.70 703.00 Td (have ) Tj ET Q q 0 0 0 rg BT 149.99 703.00 Td (entered ) Tj ET Q q 0 0 0 rg BT 190.73 703.00 Td (into ) Tj ET Q q 0 0 0 rg BT 211.90 703.00 Td (technology ) Tj ET Q q 0 0 0 rg BT 268.53 703.00 Td (license ) Tj ET Q q 0 0 0 rg BT 306.21 703.00 Td (agreements ) Tj ET Q q 0 0 0 rg BT 367.73 703.00 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 413.97 703.00 Td (to ) Tj ET Q q 0 0 0 rg BT 426.57 703.00 Td (which ) Tj ET Q q 0 0 0 rg BT 457.45 703.00 Td (ADA) Tj ET Q q 0 0 0 rg BT 479.46 703.00 Td ( ) Tj ET Q q 0 0 0 rg BT 482.89 703.00 Td (licensed ) Tj ET Q q 0 0 0 rg BT 526.68 703.00 Td (to ) Tj ET Q q 0 0 0 rg BT 539.29 703.00 Td (CCS ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 689.80 Td (certain ) Tj ET Q q 0 0 0 rg BT 85.92 689.80 Td (technology ) Tj ET Q q 0 0 0 rg BT 142.52 689.80 Td (used ) Tj ET Q q 0 0 0 rg BT 169.77 689.80 Td (in ) Tj ET Q q 0 0 0 rg BT 181.73 689.80 Td (the ) Tj ET Q q 0 0 0 rg BT 200.43 689.80 Td (operation ) Tj ET Q q 0 0 0 rg BT 249.69 689.80 Td (of ) Tj ET Q q 0 0 0 rg BT 262.27 689.80 Td (the ) Tj ET Q q 0 0 0 rg BT 280.96 689.80 Td (Facility ) Tj ET Q q 0 0 0 rg BT 318.58 689.80 Td (to ) Tj ET Q q 0 0 0 rg BT 331.16 689.80 Td (produce ) Tj ET Q q 0 0 0 rg BT 374.31 689.80 Td (refined ) Tj ET Q q 0 0 0 rg BT 411.34 689.80 Td (coal. ) Tj ET Q q 0 0 0 rg BT 437.97 689.80 Td (CCS ) Tj ET Q q 0 0 0 rg BT 464.60 689.80 Td (has ) Tj ET Q q 0 0 0 rg BT 485.73 689.80 Td (sublicensed ) Tj ET Q q 0 0 0 rg BT 547.23 689.80 Td (the ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 676.60 Td (technology ) Tj ET Q q 0 0 0 rg BT 105.92 676.60 Td (to ) Tj ET Q q 0 0 0 rg BT 118.30 676.60 Td (the ) Tj ET Q q 0 0 0 rg BT 136.81 676.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 187.09 676.60 Td (for ) Tj ET Q q 0 0 0 rg BT 203.14 676.60 Td (an ) Tj ET Q q 0 0 0 rg BT 218.59 676.60 Td (annual ) Tj ET Q q 0 0 0 rg BT 254.83 676.60 Td (fee. ) Tj ET Q q 0 0 0 rg BT 276.39 676.60 Td ( ) Tj ET Q q 0 0 0 rg BT 279.40 676.60 Td (The ) Tj ET Q q 0 0 0 rg BT 301.56 676.60 Td (sublicense ) Tj ET Q q 0 0 0 rg BT 356.75 676.60 Td (agreement ) Tj ET Q q 0 0 0 rg BT 412.55 676.60 Td (terminates ) Tj ET Q q 0 0 0 rg BT 467.11 676.60 Td (on ) Tj ET Q q 0 0 0 rg BT 482.56 676.60 Td (the ) Tj ET Q q 0 0 0 rg BT 501.06 676.60 Td (earlier ) Tj ET Q q 0 0 0 rg BT 534.84 676.60 Td (of ) Tj ET Q q 0 0 0 rg BT 547.23 676.60 Td (the ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 663.40 Td (last ) Tj ET Q q 0 0 0 rg BT 69.48 663.40 Td (date ) Tj ET Q q 0 0 0 rg BT 93.76 663.40 Td (upon ) Tj ET Q q 0 0 0 rg BT 121.09 663.40 Td (which ) Tj ET Q q 0 0 0 rg BT 152.08 663.40 Td (the ) Tj ET Q q 0 0 0 rg BT 170.24 663.40 Td (patents ) Tj ET Q q 0 0 0 rg BT 209.19 663.40 Td (terminate, ) Tj ET Q q 0 0 0 rg BT 260.96 663.40 Td (the ) Tj ET Q q 0 0 0 rg BT 279.12 663.40 Td (sale ) Tj ET Q q 0 0 0 rg BT 302.16 663.40 Td (or ) Tj ET Q q 0 0 0 rg BT 314.81 663.40 Td (transfer ) Tj ET Q q 0 0 0 rg BT 354.96 663.40 Td (of ) Tj ET Q q 0 0 0 rg BT 367.00 663.40 Td (the ) Tj ET Q q 0 0 0 rg BT 385.16 663.40 Td (Company) Tj ET Q q 0 0 0 rg BT 434.48 663.40 Td (s ) Tj ET Q q 0 0 0 rg BT 442.85 663.40 Td (ownership ) Tj ET Q q 0 0 0 rg BT 495.85 663.40 Td (of ) Tj ET Q q 0 0 0 rg BT 507.89 663.40 Td (the ) Tj ET Q q 0 0 0 rg BT 526.05 663.40 Td (Facility) Tj ET Q q 0 0 0 rg BT 559.46 663.40 Td (, ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 650.20 Td (or ) Tj ET Q q 0 0 0 rg BT 62.34 650.20 Td (the ) Tj ET Q q 0 0 0 rg BT 80.68 650.20 Td (expiration ) Tj ET Q q 0 0 0 rg BT 131.44 650.20 Td (of ) Tj ET Q q 0 0 0 rg BT 143.67 650.20 Td (the ) Tj ET Q q 0 0 0 rg BT 162.01 650.20 Td (Section ) Tj ET Q q 0 0 0 rg BT 201.76 650.20 Td (45 ) Tj ET Q q 0 0 0 rg BT 217.05 650.20 Td (PTC ) Tj ET Q q 0 0 0 rg BT 242.11 650.20 Td (term.) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 625.00 Td (Clean ) Tj ET Q q 0 0 0 rg BT 81.58 625.00 Td (Coal ) Tj ET Q q 0 0 0 rg BT 107.55 625.00 Td (Solutions ) Tj ET Q q 0 0 0 rg BT 156.14 625.00 Td (Services, ) Tj ET Q q 0 0 0 rg BT 204.72 625.00 Td (LLC ) Tj ET Q q 0 0 0 rg BT 228.24 625.00 Td (\(CCSS\) ) Tj ET Q q 0 0 0 rg BT 276.80 625.00 Td (has ) Tj ET Q q 0 0 0 rg BT 297.88 625.00 Td (been ) Tj ET Q q 0 0 0 rg BT 325.69 625.00 Td (hired ) Tj ET Q q 0 0 0 rg BT 353.49 625.00 Td (by ) Tj ET Q q 0 0 0 rg BT 368.46 625.00 Td (the ) Tj ET Q q 0 0 0 rg BT 387.09 625.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 437.51 625.00 Td (to ) Tj ET Q q 0 0 0 rg BT 450.03 625.00 Td (provide ) Tj ET Q q 0 0 0 rg BT 489.45 625.00 Td (operations ) Tj ET Q q 0 0 0 rg BT 544.16 625.00 Td (and ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 611.80 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 115.13 611.80 Td (services ) Tj ET Q q 0 0 0 rg BT 158.11 611.80 Td (\(Services\) ) Tj ET Q q 0 0 0 rg BT 217.59 611.80 Td (at ) Tj ET Q q 0 0 0 rg BT 229.40 611.80 Td (the ) Tj ET Q q 0 0 0 rg BT 247.34 611.80 Td (Facility) Tj ET Q q 0 0 0 rg BT 280.75 611.80 Td (. ) Tj ET Q q 0 0 0 rg BT 286.45 611.80 Td ( ) Tj ET Q q 0 0 0 rg BT 289.09 611.80 Td (CCSS ) Tj ET Q q 0 0 0 rg BT 322.29 611.80 Td (is ) Tj ET Q q 0 0 0 rg BT 332.88 611.80 Td (reimbursed ) Tj ET Q q 0 0 0 rg BT 390.54 611.80 Td (for ) Tj ET Q q 0 0 0 rg BT 406.02 611.80 Td (costs ) Tj ET Q q 0 0 0 rg BT 434.34 611.80 Td (plus ) Tj ET Q q 0 0 0 rg BT 457.16 611.80 Td (a ) Tj ET Q q 0 0 0 rg BT 465.92 611.80 Td (fee ) Tj ET Q q 0 0 0 rg BT 483.85 611.80 Td (for ) Tj ET Q q 0 0 0 rg BT 499.33 611.80 Td (the ) Tj ET Q q 0 0 0 rg BT 517.27 611.80 Td (Services. ) Tj ET Q q 0 0 0 rg BT 565.56 611.80 Td ( ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 598.60 Td (CCSS ) Tj ET Q q 0 0 0 rg BT 83.12 598.60 Td (is ) Tj ET Q q 0 0 0 rg BT 94.12 598.60 Td (also ) Tj ET Q q 0 0 0 rg BT 117.35 598.60 Td (owned, ) Tj ET Q q 0 0 0 rg BT 155.88 598.60 Td (in ) Tj ET Q q 0 0 0 rg BT 167.50 598.60 Td (part, ) Tj ET Q q 0 0 0 rg BT 192.56 598.60 Td (by ) Tj ET Q q 0 0 0 rg BT 206.63 598.60 Td (ADA.) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 573.40 Td (CCS-AE ) Tj ET Q q 0 0 0 rg BT 94.27 573.40 Td (is ) Tj ET Q q 0 0 0 rg BT 105.42 573.40 Td (a ) Tj ET Q q 0 0 0 rg BT 114.74 573.40 Td (0.20% ) Tj ET Q q 0 0 0 rg BT 149.14 573.40 Td (member ) Tj ET Q q 0 0 0 rg BT 192.68 573.40 Td (of ) Tj ET Q q 0 0 0 rg BT 205.06 573.40 Td (the ) Tj ET Q q 0 0 0 rg BT 223.56 573.40 Td (Company ) Tj ET Q q 0 0 0 rg BT 273.84 573.40 Td (and ) Tj ET Q q 0 0 0 rg BT 295.40 573.40 Td (is ) Tj ET Q q 0 0 0 rg BT 306.55 573.40 Td (the ) Tj ET Q q 0 0 0 rg BT 325.05 573.40 Td (appointed ) Tj ET Q q 0 0 0 rg BT 376.58 573.40 Td (Manager ) Tj ET Q q 0 0 0 rg BT 423.20 573.40 Td (of ) Tj ET Q q 0 0 0 rg BT 435.58 573.40 Td (the ) Tj ET Q q 0 0 0 rg BT 454.07 573.40 Td (Company) Tj ET Q q 0 0 0 rg BT 500.33 573.40 Td (. ) Tj ET Q q 0 0 0 rg BT 506.60 573.40 Td ( ) Tj ET Q q 0 0 0 rg BT 509.80 573.40 Td (CCS-AE ) Tj ET Q q 0 0 0 rg BT 554.57 573.40 Td (is ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 560.20 Td (a ) Tj ET Q q 0 0 0 rg BT 58.67 560.20 Td (100% ) Tj ET Q q 0 0 0 rg BT 89.86 560.20 Td (owned ) Tj ET Q q 0 0 0 rg BT 125.33 560.20 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 177.91 560.20 Td (of ) Tj ET Q q 0 0 0 rg BT 190.14 560.20 Td (OE-T) Tj ET Q q 0 0 0 rg BT 216.22 560.20 Td (O, ) Tj ET Q q 0 0 0 rg BT 230.89 560.20 Td (LLC.) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 535.00 Td (As of and for the year ended December 31, 2015 and period February 10, 2014 to December 31, 2014, ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 521.80 Td (the Company incurred expenses and had amounts payable to the following related party entities:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 325 495.3 m 395 495.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395 495.3 m 465 495.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465 495.3 m 535 495.3 l s BT /F5 11.00 Tf ET q 0 0 0 rg BT 347.85 500.14 Td (CCS) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 414.20 500.14 Td (CCSS) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 478.40 500.14 Td (CCS-AE) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 78.50 484.92 Td (Amounts payable at December 31, 2015) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 327.50 484.92 Td ($) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 381.15 484.92 Td () Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 397.50 484.92 Td ($) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 425.00 484.92 Td (360,987) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 467.50 484.92 Td ($) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 500.55 484.92 Td (35,176) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 78.50 469.92 Td (Amounts payable at December 31, 2014) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 381.15 469.92 Td () Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 425.00 469.92 Td (386,710) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 495.00 469.92 Td (297,584) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 78.50 439.92 Td (Expenses incurred for the year ended December 31,) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 78.50 429.92 Td (2015) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 360.55 429.97 Td (10,000) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 416.65 429.92 Td (1,962,872) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 495.00 429.92 Td (443,054) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 78.50 414.92 Td (Expenses incurred for the period from February 10,) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 78.50 404.92 Td (2014 to December 31, 2014) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 360.55 404.97 Td (10,000) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 416.65 404.92 Td (1,979,334) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 495.00 404.92 Td (468,010) Tj ET Q BT /F1 10.00 Tf ET BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 374.40 Td (For ) Tj ET Q q 0 0 0 rg BT 69.76 374.40 Td (the ) Tj ET Q q 0 0 0 rg BT 88.82 374.40 Td (year ) Tj ET Q q 0 0 0 rg BT 113.98 374.40 Td (ended ) Tj ET Q q 0 0 0 rg BT 148.33 374.40 Td (December ) Tj ET Q q 0 0 0 rg BT 202.84 374.40 Td (31, ) Tj ET Q q 0 0 0 rg BT 221.89 374.40 Td (2015 ) Tj ET Q q 0 0 0 rg BT 250.13 374.40 Td (and ) Tj ET Q q 0 0 0 rg BT 272.24 374.40 Td (2014, ) Tj ET Q q 0 0 0 rg BT 303.53 374.40 Td (respectively) Tj ET Q q 0 0 0 rg BT 360.80 374.40 Td (, ) Tj ET Q q 0 0 0 rg BT 367.62 374.40 Td (the ) Tj ET Q q 0 0 0 rg BT 386.67 374.40 Td (Company ) Tj ET Q q 0 0 0 rg BT 437.51 374.40 Td (reimbursed ) Tj ET Q q 0 0 0 rg BT 496.30 374.40 Td (CCSS ) Tj ET Q q 0 0 0 rg BT 530.62 374.40 Td (for ) Tj ET Q q 0 0 0 rg BT 547.22 374.40 Td (the ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 361.20 Td (purchase ) Tj ET Q q 0 0 0 rg BT 97.81 361.20 Td (of ) Tj ET Q q 0 0 0 rg BT 110.04 361.20 Td (assets ) Tj ET Q q 0 0 0 rg BT 144.89 361.20 Td (in ) Tj ET Q q 0 0 0 rg BT 156.50 361.20 Td (the ) Tj ET Q q 0 0 0 rg BT 174.85 361.20 Td (amounts ) Tj ET Q q 0 0 0 rg BT 220.10 361.20 Td (of ) Tj ET Q q 0 0 0 rg BT 232.33 361.20 Td ($24,530 ) Tj ET Q q 0 0 0 rg BT 275.15 361.20 Td (and ) Tj ET Q q 0 0 0 rg BT 296.55 361.20 Td ($69,715. ) Tj ET Q q 0 0 0 rg BT 342.43 361.20 Td ( ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 336.00 Td (As ) Tj ET Q q 0 0 0 rg BT 65.39 336.00 Td (of ) Tj ET Q q 0 0 0 rg BT 77.62 336.00 Td (December ) Tj ET Q q 0 0 0 rg BT 131.42 336.00 Td (31, ) Tj ET Q q 0 0 0 rg BT 149.77 336.00 Td (2015, ) Tj ET Q q 0 0 0 rg BT 180.35 336.00 Td (the ) Tj ET Q q 0 0 0 rg BT 198.70 336.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 248.83 336.00 Td (had ) Tj ET Q q 0 0 0 rg BT 270.24 336.00 Td (related ) Tj ET Q q 0 0 0 rg BT 306.93 336.00 Td (party ) Tj ET Q q 0 0 0 rg BT 334.44 336.00 Td (accounts ) Tj ET Q q 0 0 0 rg BT 381.52 336.00 Td (receivable ) Tj ET Q q 0 0 0 rg BT 434.72 336.00 Td (of ) Tj ET Q q 0 0 0 rg BT 446.95 336.00 Td ($269,460 ) Tj ET Q q 0 0 0 rg BT 495.89 336.00 Td (from ) Tj ET Q q 0 0 0 rg BT 520.34 336.00 Td (ADA.) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 49.50 296.40 Td (NOTE ) Tj ET Q q 0 0 0 rg BT 83.11 296.40 Td (7 ) Tj ET Q q 0 0 0 rg BT 92.29 296.40 Td ( ) Tj ET Q q 0 0 0 rg BT 101.46 296.40 Td (CONCENTRA) Tj ET Q q 0 0 0 rg BT 170.92 296.40 Td (TIONS ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 271.20 Td (GAAP) Tj ET Q q 0 0 0 rg BT 79.87 271.20 Td ( requires disclosure of information about current vulnerabilities due to certain concentrations of ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 258.00 Td (business and credit risks. In addition to concentrations discussed in Note 1, these matters include the ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 244.80 Td (following:) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 219.60 Td (In the event of a repeal of the Section 45 PTCs by the U.S. Congress, a key driver of the economics of ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 206.40 Td (the Company would be materially impacted. ) Tj ET Q q 0 0 0 rg BT 265.33 206.40 Td (Additionally) Tj ET Q q 0 0 0 rg BT 320.77 206.40 Td (, the purchases and sales of feedstock coal are ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 193.20 Td (individually dependent upon the Generator at its Station located in the Northern United States. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 168.00 Td (Significant increases in coal prices, new government regulations, and regional changes in coal fired ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 154.80 Td (energy demand could also have a significant impact on the Company) Tj ET Q q 0 0 0 rg BT 388.06 154.80 Td (s future operations. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 129.60 Td (The chemicals utilized by the Company to produce refined coal are available from a limited number of ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 116.40 Td (vendors in the United States. ) Tj ET Q q 0 0 0 rg BT 193.61 116.40 Td (The Company's future operations may be materially and adversely af) Tj ET Q q 0 0 0 rg BT 528.73 116.40 Td (fected ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 103.20 Td (if the Company encounters dif) Tj ET Q q 0 0 0 rg BT 195.44 103.20 Td (ficulty procuring these chemicals, the quality of available chemicals ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 90.00 Td (deteriorates, or there are significant price increases for these chemicals. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 64.80 Td (In ) Tj ET Q q 0 0 0 rg BT 61.73 64.80 Td (November ) Tj ET Q q 0 0 0 rg BT 115.53 64.80 Td (2013, ) Tj ET Q q 0 0 0 rg BT 146.11 64.80 Td (the ) Tj ET Q q 0 0 0 rg BT 164.46 64.80 Td (Company ) Tj ET Q q 0 0 0 rg BT 214.59 64.80 Td (entered ) Tj ET Q q 0 0 0 rg BT 254.96 64.80 Td (into ) Tj ET Q q 0 0 0 rg BT 275.75 64.80 Td (two ) Tj ET Q q 0 0 0 rg BT 295.92 64.80 Td (chemical ) Tj ET Q q 0 0 0 rg BT 342.38 64.80 Td (purchase ) Tj ET Q q 0 0 0 rg BT 390.69 64.80 Td (agreements ) Tj ET Q q 0 0 0 rg BT 451.83 64.80 Td (with ) Tj ET Q q 0 0 0 rg BT 474.45 64.80 Td (separate ) Tj ET Q q 0 0 0 rg BT 520.31 64.80 Td (vendors. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 51.60 Td (Under ) Tj ET Q q 0 0 0 rg BT 82.48 51.60 Td (the ) Tj ET Q q 0 0 0 rg BT 100.79 51.60 Td (first ) Tj ET Q q 0 0 0 rg BT 121.53 51.60 Td (agreement, ) Tj ET Q q 0 0 0 rg BT 180.19 51.60 Td (the ) Tj ET Q q 0 0 0 rg BT 198.50 51.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 248.60 51.60 Td (is ) Tj ET Q q 0 0 0 rg BT 259.56 51.60 Td (required ) Tj ET Q q 0 0 0 rg BT 302.94 51.60 Td (to ) Tj ET Q q 0 0 0 rg BT 315.13 51.60 Td (procure ) Tj ET Q q 0 0 0 rg BT 355.45 51.60 Td (100% ) Tj ET Q q 0 0 0 rg BT 386.60 51.60 Td (of ) Tj ET Q q 0 0 0 rg BT 398.79 51.60 Td (the ) Tj ET Q q 0 0 0 rg BT 417.10 51.60 Td (specified ) Tj ET Q q 0 0 0 rg BT 463.54 51.60 Td (chemical ) Tj ET Q q 0 0 0 rg BT 509.96 51.60 Td (product ) Tj ET Q q 0 0 0 rg BT 549.67 51.60 Td (for ) Tj ET Q endstream endobj 389 0 obj <> endobj 390 0 obj <> stream BT /F5 11.00 Tf ET q 0 0 0 rg BT 276.65 771.50 Td (RCM6, LLC) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 208.90 758.30 Td (NOTES T) Tj ET Q q 0 0 0 rg BT 256.37 758.30 Td (O FINANCIAL) Tj ET Q q 0 0 0 rg BT 327.05 758.30 Td ( ST) Tj ET Q q 0 0 0 rg BT 343.35 758.30 Td (A) Tj ET Q q 0 0 0 rg BT 350.48 758.30 Td (TEMENTS) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 226.50 745.10 Td (DECEMBER 31, 2015 and 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 33.60 Td (191) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 703.00 Td (the ) Tj ET Q q 0 0 0 rg BT 67.60 703.00 Td (production ) Tj ET Q q 0 0 0 rg BT 121.78 703.00 Td (of ) Tj ET Q q 0 0 0 rg BT 133.77 703.00 Td (refined ) Tj ET Q q 0 0 0 rg BT 170.21 703.00 Td (coal ) Tj ET Q q 0 0 0 rg BT 193.21 703.00 Td (at ) Tj ET Q q 0 0 0 rg BT 205.19 703.00 Td (the ) Tj ET Q q 0 0 0 rg BT 223.29 703.00 Td (Station ) Tj ET Q q 0 0 0 rg BT 260.35 703.00 Td (from ) Tj ET Q q 0 0 0 rg BT 285.16 703.00 Td (the ) Tj ET Q q 0 0 0 rg BT 303.27 703.00 Td (vendor ) Tj ET Q q 0 0 0 rg BT 339.71 703.00 Td (for ) Tj ET Q q 0 0 0 rg BT 355.36 703.00 Td (five ) Tj ET Q q 0 0 0 rg BT 375.29 703.00 Td (years. ) Tj ET Q q 0 0 0 rg BT 408.05 703.00 Td ( ) Tj ET Q q 0 0 0 rg BT 410.87 703.00 Td (In ) Tj ET Q q 0 0 0 rg BT 422.85 703.00 Td (the ) Tj ET Q q 0 0 0 rg BT 440.95 703.00 Td (event ) Tj ET Q q 0 0 0 rg BT 470.68 703.00 Td (the ) Tj ET Q q 0 0 0 rg BT 488.78 703.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 538.67 703.00 Td (does ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 689.80 Td (not ) Tj ET Q q 0 0 0 rg BT 68.27 689.80 Td (meet ) Tj ET Q q 0 0 0 rg BT 96.21 689.80 Td (certain ) Tj ET Q q 0 0 0 rg BT 132.70 689.80 Td (minimum ) Tj ET Q q 0 0 0 rg BT 180.79 689.80 Td (purchasing ) Tj ET Q q 0 0 0 rg BT 238.09 689.80 Td (requirements, ) Tj ET Q q 0 0 0 rg BT 308.82 689.80 Td (it ) Tj ET Q q 0 0 0 rg BT 317.80 689.80 Td (must ) Tj ET Q q 0 0 0 rg BT 345.12 689.80 Td (pay ) Tj ET Q q 0 0 0 rg BT 366.33 689.80 Td (a ) Tj ET Q q 0 0 0 rg BT 375.93 689.80 Td (minimum ) Tj ET Q q 0 0 0 rg BT 424.02 689.80 Td (monthly ) Tj ET Q q 0 0 0 rg BT 466.02 689.80 Td (fee ) Tj ET Q q 0 0 0 rg BT 484.79 689.80 Td (to ) Tj ET Q q 0 0 0 rg BT 497.44 689.80 Td (the ) Tj ET Q q 0 0 0 rg BT 516.21 689.80 Td (vendor ) Tj ET Q q 0 0 0 rg BT 553.33 689.80 Td (to ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 676.60 Td (be ) Tj ET Q q 0 0 0 rg BT 66.06 676.60 Td (applied ) Tj ET Q q 0 0 0 rg BT 105.87 676.60 Td (to ) Tj ET Q q 0 0 0 rg BT 119.37 676.60 Td (future ) Tj ET Q q 0 0 0 rg BT 151.83 676.60 Td (chemical ) Tj ET Q q 0 0 0 rg BT 199.56 676.60 Td (purchases. ) Tj ET Q q 0 0 0 rg BT 256.84 676.60 Td (As ) Tj ET Q q 0 0 0 rg BT 274.01 676.60 Td (of ) Tj ET Q q 0 0 0 rg BT 287.51 676.60 Td (December ) Tj ET Q q 0 0 0 rg BT 342.58 676.60 Td (31, ) Tj ET Q q 0 0 0 rg BT 362.20 676.60 Td (2015 ) Tj ET Q q 0 0 0 rg BT 391.00 676.60 Td (and ) Tj ET Q q 0 0 0 rg BT 413.68 676.60 Td (2014 ) Tj ET Q q 0 0 0 rg BT 442.48 676.60 Td (no ) Tj ET Q q 0 0 0 rg BT 459.05 676.60 Td (prepaid ) Tj ET Q q 0 0 0 rg BT 500.07 676.60 Td (balance ) Tj ET Q q 0 0 0 rg BT 542.93 676.60 Td (was ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 663.40 Td (outstanding. ) Tj ET Q q 0 0 0 rg BT 112.19 663.40 Td (The ) Tj ET Q q 0 0 0 rg BT 134.09 663.40 Td (Company ) Tj ET Q q 0 0 0 rg BT 184.12 663.40 Td (can ) Tj ET Q q 0 0 0 rg BT 204.80 663.40 Td (terminate ) Tj ET Q q 0 0 0 rg BT 253.60 663.40 Td (the ) Tj ET Q q 0 0 0 rg BT 271.84 663.40 Td (agreement ) Tj ET Q q 0 0 0 rg BT 327.38 663.40 Td (if ) Tj ET Q q 0 0 0 rg BT 335.82 663.40 Td (certain ) Tj ET Q q 0 0 0 rg BT 371.79 663.40 Td (pricing ) Tj ET Q q 0 0 0 rg BT 407.14 663.40 Td (requirements ) Tj ET Q q 0 0 0 rg BT 474.28 663.40 Td (are ) Tj ET Q q 0 0 0 rg BT 493.13 663.40 Td (not ) Tj ET Q q 0 0 0 rg BT 511.36 663.40 Td (met ) Tj ET Q q 0 0 0 rg BT 532.65 663.40 Td (by ) Tj ET Q q 0 0 0 rg BT 547.21 663.40 Td (the ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 650.20 Td (vendor) Tj ET Q q 0 0 0 rg BT 82.53 650.20 Td (. ) Tj ET Q q 0 0 0 rg BT 88.69 650.20 Td ( ) Tj ET Q q 0 0 0 rg BT 91.59 650.20 Td (The ) Tj ET Q q 0 0 0 rg BT 113.66 650.20 Td (agreement ) Tj ET Q q 0 0 0 rg BT 169.35 650.20 Td (was ) Tj ET Q q 0 0 0 rg BT 192.02 650.20 Td (amended ) Tj ET Q q 0 0 0 rg BT 241.00 650.20 Td (in ) Tj ET Q q 0 0 0 rg BT 252.66 650.20 Td (February ) Tj ET Q q 0 0 0 rg BT 299.79 650.20 Td (2016 ) Tj ET Q q 0 0 0 rg BT 327.37 650.20 Td (to ) Tj ET Q q 0 0 0 rg BT 339.65 650.20 Td (increase ) Tj ET Q q 0 0 0 rg BT 384.33 650.20 Td (the ) Tj ET Q q 0 0 0 rg BT 402.73 650.20 Td (minimum ) Tj ET Q q 0 0 0 rg BT 450.45 650.20 Td (monthly ) Tj ET Q q 0 0 0 rg BT 492.07 650.20 Td (fee ) Tj ET Q q 0 0 0 rg BT 510.47 650.20 Td (to ) Tj ET Q q 0 0 0 rg BT 522.75 650.20 Td ($24,000 ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 637.00 Td (per ) Tj ET Q q 0 0 0 rg BT 68.45 637.00 Td (month ) Tj ET Q q 0 0 0 rg BT 102.08 637.00 Td (from ) Tj ET Q q 0 0 0 rg BT 127.14 637.00 Td (the ) Tj ET Q q 0 0 0 rg BT 145.49 637.00 Td (previous ) Tj ET Q q 0 0 0 rg BT 190.12 637.00 Td (level ) Tj ET Q q 0 0 0 rg BT 215.80 637.00 Td (of ) Tj ET Q q 0 0 0 rg BT 228.03 637.00 Td ($10,000.) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 611.80 Td (A) Tj ET Q q 0 0 0 rg BT 56.23 611.80 Td ( purchase agreement with a second vendor requires the Company to procure 80% of a designated ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 598.60 Td (chemical from the vendor at stipulated prices and terms for a three year period. ) Tj ET Q q 0 0 0 rg BT 439.99 598.60 Td (The Company can ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 585.40 Td (terminate the agreement if the vendor cannot meet competitive pricing requirements and delivery terms. ) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 49.50 545.80 Td (NOTE ) Tj ET Q q 0 0 0 rg BT 83.11 545.80 Td (8 ) Tj ET Q q 0 0 0 rg BT 92.29 545.80 Td ( ) Tj ET Q q 0 0 0 rg BT 101.46 545.80 Td (SUBSEQUENT ) Tj ET Q q 0 0 0 rg BT 180.91 545.80 Td (EVENTS ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 519.40 Td (Ef) Tj ET Q q 0 0 0 rg BT 59.69 519.40 Td (fective in January 2016 the Company) Tj ET Q q 0 0 0 rg BT 243.55 519.40 Td (s Limited Liability ) Tj ET Q q 0 0 0 rg BT 329.75 519.40 Td (Agreement \(LLC ) Tj ET Q q 0 0 0 rg BT 416.57 519.40 Td (Agreement\) was amended. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 506.20 Td (Under the amended LLC ) Tj ET Q q 0 0 0 rg BT 172.42 506.20 Td (Agreement certain additional capital call limitations were added, requiring the ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 493.00 Td (Company to be limited to calling capital if certain operational costs are exceeded. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 466.60 Td (Additionally in March 2016, one of the members of the Company purchased the interests held by two of ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 453.40 Td (the other members. ) Tj ET Q q 0 0 0 rg BT 150.79 453.40 Td (The member purchase transaction did not impact the financial statements of the ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 440.20 Td (Company) Tj ET Q q 0 0 0 rg BT 95.76 440.20 Td (.) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 413.80 Td (Management evaluated subsequent events through ) Tj ET Q q 0 0 0 rg BT 302.68 413.80 Td (April 12, 2016, the date financial statements were ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 400.60 Td (available to be issued.) Tj ET Q endstream endobj 391 0 obj <> endobj 392 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (192) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (SIGNA) Tj ET Q q 0 0 0 rg BT 79.45 742.10 Td (TURES) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 721.10 Td (Pursuant to the requirements of Section13 or 15\(d\) of the Exchange ) Tj ET Q q 0 0 0 rg BT 324.93 721.10 Td (Act, the Registrant has duly caused this report to be signed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 709.10 Td (on its behalf by the undersigned, thereunto duly authorized.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 698.30 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 686.30 Td () Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 55 684.73505859375 m 206.4306640625 684.73505859375 l s q 0 0 0 rg BT 55.00 686.30 Td (Advanced Emissions Solutions, Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 674.30 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 55.00 674.30 Td (\(Registrant\)) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 70.5 648.8 m 280.5 648.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 648.8 m 562.5 648.8 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 653.47 Td (By) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.00 653.47 Td (/s/ L. Heath Sampson) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.00 653.47 Td (By) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.00 653.47 Td (/s/ A. Bradley Gabbard) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 638.47 Td (L. Heath Sampson) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.00 638.47 Td (A. Bradley Gabbard) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 623.47 Td (President, Chief Executive Officer and Treasurer) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 613.47 Td (\(Principal Executive and Accounting Officer\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.00 613.47 Td (Chief Financial Officer \(Principal Financial Officer\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 583.47 Td (Date: April 19, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.00 583.47 Td (Date: April 19, 2016) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 558.30 Td (Pursuant to the requirements of the Exchange ) Tj ET Q q 0 0 0 rg BT 234.12 558.30 Td (Act, this report has been signed below by the following persons on behalf of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 546.30 Td (Registrant and in the capacities and on the dates indicated.) 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