$AMSC
AMERICAN SUPERCONDUCTOR CORP /DE/

2014 Q3 Form 10-Q Financial Statement

#000156459014005096 Filed on November 06, 2014

View on sec.gov

Income Statement

Concept 2014 Q3 2013 Q3
Revenue $12.46M $24.18M
YoY Change -48.49% 15.88%
Cost Of Revenue $13.77M $22.61M
YoY Change -39.1% 10.93%
Gross Profit -$1.320M $1.570M
YoY Change -184.08% 225.05%
Gross Profit Margin -10.6% 6.49%
Selling, General & Admin $8.050M $8.682M
YoY Change -7.28% -26.02%
% of Gross Profit 552.99%
Research & Development $3.080M $3.083M
YoY Change -0.1% -14.86%
% of Gross Profit 196.37%
Depreciation & Amortization $2.420M $82.00K
YoY Change 2851.22% 2.5%
% of Gross Profit 5.22%
Operating Expenses $11.17M $35.21M
YoY Change -68.28% -1.75%
Operating Profit -$26.40M -$11.03M
YoY Change 139.39% -26.33%
Interest Expense $500.0K $3.500M
YoY Change -85.71% 16.67%
% of Operating Profit
Other Income/Expense, Net $740.0K -$635.0K
YoY Change -216.54% -49.84%
Pretax Income -$25.36M -$14.28M
YoY Change 77.57% -10.01%
Income Tax $60.00K $341.0K
% Of Pretax Income
Net Earnings -$25.42M -$14.62M
YoY Change 73.86% -8.31%
Net Earnings / Revenue -204.12% -60.47%
Basic Earnings Per Share -$3.12 -$2.39
Diluted Earnings Per Share -$3.12 -$2.39
COMMON SHARES
Basic Shares Outstanding 61.12M
Diluted Shares Outstanding 61.12M

Balance Sheet

Concept 2014 Q3 2013 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $34.70M $25.90M
YoY Change 33.98% -52.39%
Cash & Equivalents $35.98M $35.39M
Short-Term Investments
Other Short-Term Assets $13.70M $21.30M
YoY Change -35.68% -36.98%
Inventory $24.50M $24.50M
Prepaid Expenses
Receivables $9.700M $9.300M
Other Receivables $0.00 $0.00
Total Short-Term Assets $82.50M $81.00M
YoY Change 1.85% -40.27%
LONG-TERM ASSETS
Property, Plant & Equipment $60.40M $69.60M
YoY Change -13.22% -18.6%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $11.20M $19.60M
YoY Change -42.86% 8.89%
Total Long-Term Assets $73.30M $91.50M
YoY Change -19.89% -14.25%
TOTAL ASSETS
Total Short-Term Assets $82.50M $81.00M
Total Long-Term Assets $73.30M $91.50M
Total Assets $155.8M $172.5M
YoY Change -9.68% -28.81%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $7.063M $3.105M
YoY Change 127.47% -8.68%
Accrued Expenses $10.63M $19.50M
YoY Change -45.48% -15.58%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $4.800M $11.60M
YoY Change -58.62% 20.83%
Total Short-Term Liabilities $66.10M $55.05M
YoY Change 20.08% -30.32%
LONG-TERM LIABILITIES
Long-Term Debt $4.500M $2.100M
YoY Change 114.29% -86.18%
Other Long-Term Liabilities $3.900M $1.184M
YoY Change 229.39% -63.0%
Total Long-Term Liabilities $8.400M $1.184M
YoY Change 609.46% -93.57%
TOTAL LIABILITIES
Total Short-Term Liabilities $66.10M $55.05M
Total Long-Term Liabilities $8.400M $1.184M
Total Liabilities $74.50M $59.67M
YoY Change 24.86% -38.8%
SHAREHOLDERS EQUITY
Retained Earnings -$825.3M
YoY Change
Common Stock $640.0K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $370.0K
YoY Change
Treasury Stock Shares
Shareholders Equity $81.30M $112.9M
YoY Change
Total Liabilities & Shareholders Equity $155.8M $172.5M
YoY Change -9.69% -28.8%

Cashflow Statement

Concept 2014 Q3 2013 Q3
OPERATING ACTIVITIES
Net Income -$25.42M -$14.62M
YoY Change 73.86% -8.31%
Depreciation, Depletion And Amortization $2.420M $82.00K
YoY Change 2851.22% 2.5%
Cash From Operating Activities -$5.860M -$5.470M
YoY Change 7.13% -59.12%
INVESTING ACTIVITIES
Capital Expenditures -$220.0K -$20.00K
YoY Change 1000.0% -97.53%
Acquisitions
YoY Change
Other Investing Activities $2.760M -$310.0K
YoY Change -990.32% -111.36%
Cash From Investing Activities $2.530M -$330.0K
YoY Change -866.67% -117.28%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.470M -1.060M
YoY Change -238.68% -1063.64%
NET CHANGE
Cash From Operating Activities -5.860M -5.470M
Cash From Investing Activities 2.530M -330.0K
Cash From Financing Activities 1.470M -1.060M
Net Change In Cash -1.860M -6.860M
YoY Change -72.89% -39.61%
FREE CASH FLOW
Cash From Operating Activities -$5.860M -$5.470M
Capital Expenditures -$220.0K -$20.00K
Free Cash Flow -$5.640M -$5.450M
YoY Change 3.49% -56.64%

Facts In Submission

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us-gaap Repayments Of Long Term Debt
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us-gaap Repayments Of Long Term Debt
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us-gaap Proceeds From Issuance Or Sale Of Equity
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us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
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us-gaap Nature Of Operations
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<div> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">1. Nature of the Business and Operations and Liquidity </p> <p style="margin-bottom:0pt;margin-top:6pt;text-indent:0%;font-weight:bold;font-style:italic;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;">Nature of the Business and Operations </p> <p style="text-align:justify;margin-bottom:0pt;margin-top:6pt;text-indent:4.54%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">American Superconductor Corporation (&#8220;AMSC&#8221; or the &#8220;Company&#8221;) was founded on April&#160;9, 1987. The Company is a leading provider of megawatt-scale solutions that lower the cost of wind power and enhance the performance of the power grid. In the wind power market, the Company enables manufacturers to field wind turbines through its advanced engineering, support services and power electronics products. In the power grid market, the Company enables electric utilities and renewable energy project developers to connect, transmit and distribute power through its transmission planning services and power electronics and superconductor-based products. The Company&#8217;s wind and power grid products and services provide exceptional reliability, security, efficiency and affordability to its customers. </p> <p style="text-align:justify;margin-bottom:0pt;margin-top:12pt;text-indent:4.54%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">These unaudited condensed consolidated financial statements of the Company have been prepared on a going concern basis in accordance with United States generally accepted accounting principles (&#8220;GAAP&#8221;) and the Securities and Exchange Commission&#8217;s (&#8220;SEC&#8221;) instructions to Form 10-Q. The going concern basis of presentation assumes that the Company will continue operations and will be able to realize its assets and discharge its liabilities and commitments in the normal course of business. Certain information and footnote disclosures normally included in the financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to those instructions. The year-end condensed balance sheet data was derived from audited financial statements but does not include all disclosures required by GAAP. The unaudited condensed consolidated financial statements, in the opinion of management, reflect all adjustments (consisting of normal recurring adjustments) necessary for a fair statement of the results for the interim periods ended September 30, 2014 and 2013 and the financial position at September 30, 2014. </p> <p style="margin-bottom:0pt;margin-top:18pt;text-indent:0%;font-weight:bold;font-style:italic;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;">Liquidity </p> <p style="text-align:justify;margin-bottom:0pt;margin-top:6pt;text-indent:4.54%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The Company has experienced recurring operating losses and as of September 30, 2014, the Company had an accumulated deficit of $895.3 million. In addition, the Company has experienced recurring negative operating cash flows.&nbsp;&nbsp;At September 30, 2014, the Company had cash and cash equivalents of $34.7 million. Cash used in operations for the six months ended September 30, 2014 was $11.4 million.&nbsp;&nbsp;On August 29, 2014, the Arbitration Tribunal for the ICC International Court of Arbitration (the &#8220;ICC Court&#8221;) found the Company liable for damages in its breach of contract proceeding against Ghodawat Energy Pvt Ltd (&#8220;Ghodawat&#8221;) and awarded Ghodawat approximately &#8364;8.3 million (approximately $10.6 million) plus interest of 5.33%, which accrues from the date of award.&nbsp;&nbsp;As of the date of this filing, the Company has not paid this award.&nbsp;&nbsp;See Note 13, &#8220;Commitments and Contingencies&#8221; for further information.</p> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:12pt;">&nbsp;</p> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:4.54%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">From April 1, 2011 through the date of this filing, the Company has reduced its global workforce substantially.&nbsp;&nbsp;The Company is currently in the process of consolidating certain business operations to reduce facility costs.&nbsp;&nbsp;As of September 30, 2014, the Company had a global workforce of approximately 291 persons.&nbsp;&nbsp;The Company plans to closely monitor its expenses and if required, expects to further reduce operating costs and capital spending to enhance liquidity. </p> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:12pt;">&nbsp;</p> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:4.54%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">On June&#160;5, 2012, the Company entered into a Loan and Security Agreement (the &#8220;Term Loan&#8221;) with Hercules Technology Growth Capital, Inc (&#8220;Hercules&#8221;), under which the Company borrowed $10.0 million.&nbsp;&nbsp;On November 15, 2013, the Company entered into an amendment of the Term Loan (the &#8220;New Term Loan&#8221;, and together with the Term Loan, the &#8220;Term Loans&#8221;), under which the Company borrowed an additional $10.0 million.&nbsp;&nbsp;The Term Loans contain certain covenants and restrictions including, among others, a requirement to maintain a minimum unrestricted cash balance in the U.S. equal to the lesser of a minimum cash threshold or the remaining principal balance.&nbsp;&nbsp;(See Note 10, &#8220;Debt&#8221;, for further information regarding these debt arrangements, including the covenants, restrictions and events of default under the agreements.) The Company believes that it is in compliance with the covenants and restrictions included in the agreements governing these debt arrangements as of the date of this Quarterly Report on Form 10-Q. </p> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:12pt;">&nbsp;</p> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:4.54%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">On November 15, 2013, the Company entered into an At Market Sales Arrangement (&#8220;ATM&#8221;) under which the Company may, at its discretion, sell up to $30.0 million of shares of its common stock (before expenses) through its sales agent, MLV &amp; Co. LLC (&#8220;MLV&#8221;).&nbsp;&nbsp;During the three months ended September 30, 2014, the Company received net proceeds of $3.7 million, including sales and commissions and offering expenses, from sales of approximately 2.1 million shares of its common stock at an average sales price of approximately $1.75 per share under the ATM. (See Note 12, &#8220;Stockholders&#8217; Equity&#8221;, for further information regarding the ATM.)&nbsp;&nbsp; At September 30, 2014, there was approximately $17.1 million of availability under the Company&#8217;s ATM (see further discussion below).&nbsp;&nbsp;Sales of common stock under the ATM may be made from time to time, at the Company&#8217;s discretion, in order to enhance liquidity. </p> <p style="text-align:justify;margin-bottom:0pt;margin-top:12pt;text-indent:4.54%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The Company expects that it will require additional capital, either from sales under the ATM or other sources, to fund its operations, including the Ghodawat arbitration award liability, capital expenditures and scheduled cash payments under its debt obligations through September 30, 2015. The Company&#8217;s plans include, and its liquidity is highly dependent on, its ability to increase revenues, its ability to control its operating costs, its ability to utilize the ATM to raise additional capital or raise capital from other sources, and its ability to maintain compliance with the covenants and restrictions on its debt obligations (or obtain waivers from its lender in the event of non-compliance). There can be no assurance that the Company will be able to continue to utilize the ATM or raise capital from other sources. </p> <p style="text-align:justify;margin-bottom:0pt;margin-top:12pt;text-indent:4.54%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">In addition, the Company is actively seeking to sell its minority investment in Tres Amigas, LLC, a Delaware limited liability Company (&#8220;Tres Amigas&#8221;).&nbsp;&nbsp;The Company no longer believes its investment in Blade Dynamics is recoverable and fully impaired its remaining investment in Blade Dynamics Ltd. (&#8220;Blade Dynamics&#8221;) during the three months ended September 30, 2014. (See Note 14, &#8220;Minority Investments&#8221;, for further information about such investments.) There can be no assurance that the Company will be able to sell these investments on commercially reasonable terms or at all.</p></div>
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CY2014Q3 amsc Accrued Outside Services
AccruedOutsideServices
3026000
CY2014Q1 amsc Accrued Outside Services
AccruedOutsideServices
3716000
CY2014Q3 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
60000
CY2014Q1 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
290000
CY2014Q3 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
4070000
CY2014Q1 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
5939000
CY2014Q3 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
197000
CY2014Q1 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
173000
CY2014Q1 us-gaap Purchase Commitment Remaining Minimum Amount Committed
PurchaseCommitmentRemainingMinimumAmountCommitted
402000
CY2014Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
2855000
CY2013Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
2787000
CY2014Q1 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
3207000
CY2013Q1 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
2709000
CY2014Q3 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
974000
CY2013Q3 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
342000
us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
903000
us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
493000
CY2014Q3 us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
-462000
CY2013Q3 us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
-60000
us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
-743000
us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
-133000
CY2013Q3 us-gaap Restructuring And Related Cost Number Of Positions Eliminated Period Percent
RestructuringAndRelatedCostNumberOfPositionsEliminatedPeriodPercent
0.07
CY2014Q3 us-gaap Severance Costs1
SeveranceCosts1
300000
us-gaap Severance Costs1
SeveranceCosts1
1400000
CY2014Q1 us-gaap Restructuring Reserve
RestructuringReserve
844000
us-gaap Restructuring Charges
RestructuringCharges
1445000
us-gaap Payments For Restructuring
PaymentsForRestructuring
1509000
CY2014Q3 us-gaap Restructuring Reserve
RestructuringReserve
780000
CY2013Q1 us-gaap Restructuring Reserve
RestructuringReserve
199000
us-gaap Restructuring Charges
RestructuringCharges
764000
us-gaap Payments For Restructuring
PaymentsForRestructuring
636000
us-gaap Adjustments Noncash Items To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
-196000
CY2013Q3 us-gaap Restructuring Reserve
RestructuringReserve
131000
amsc Percentage Of Stock Discount
PercentageOfStockDiscount
0.85
amsc Number Of Trading Days For Valuation Of Shares
NumberOfTradingDaysForValuationOfShares
P10D
CY2014Q3 amsc Non Cash Interest Expense Issuing Stock At Discount
NonCashInterestExpenseIssuingStockAtDiscount
1800000
amsc Non Cash Interest Expense Issuing Stock At Discount
NonCashInterestExpenseIssuingStockAtDiscount
1800000
CY2014Q3 us-gaap Interest Expense
InterestExpense
500000
us-gaap Interest Expense
InterestExpense
1000000
CY2013Q3 us-gaap Interest Expense
InterestExpense
3500000
us-gaap Interest Expense
InterestExpense
5600000
CY2014Q3 amsc Non Cash Interest Expense Amortization Of Debt Discount
NonCashInterestExpenseAmortizationOfDebtDiscount
200000
amsc Non Cash Interest Expense Amortization Of Debt Discount
NonCashInterestExpenseAmortizationOfDebtDiscount
300000
CY2013Q3 amsc Non Cash Interest Expense Amortization Of Debt Discount
NonCashInterestExpenseAmortizationOfDebtDiscount
3100000
amsc Non Cash Interest Expense Amortization Of Debt Discount
NonCashInterestExpenseAmortizationOfDebtDiscount
4800000
CY2013Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
10411000
CY2013Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
10411000
CY2013Q4 us-gaap Share Price
SharePrice
1.64
CY2013Q3 us-gaap Share Price
SharePrice
2.34
CY2013Q4 amsc Percentage Volume Condition Met
PercentageVolumeConditionMet
0.8720
CY2013Q3 amsc Percentage Volume Condition Met
PercentageVolumeConditionMet
0.8020
CY2013Q4 us-gaap Fair Value Assumptions Expected Volatility Rate
FairValueAssumptionsExpectedVolatilityRate
0.6863
CY2013Q3 us-gaap Fair Value Assumptions Expected Volatility Rate
FairValueAssumptionsExpectedVolatilityRate
0.6626
CY2013Q4 us-gaap Fair Value Assumptions Risk Free Interest Rate
FairValueAssumptionsRiskFreeInterestRate
0.0012
CY2013Q3 us-gaap Fair Value Assumptions Risk Free Interest Rate
FairValueAssumptionsRiskFreeInterestRate
0.0010
CY2013Q4 us-gaap Fair Value Assumptions Expected Dividend Rate
FairValueAssumptionsExpectedDividendRate
0.1650
CY2013Q3 us-gaap Fair Value Assumptions Expected Dividend Rate
FairValueAssumptionsExpectedDividendRate
0.1550
CY2013Q4 amsc Fair Value Assumptions Recovery Rate
FairValueAssumptionsRecoveryRate
0.3500
CY2013Q3 amsc Fair Value Assumptions Recovery Rate
FairValueAssumptionsRecoveryRate
0.3500
CY2014Q1 amsc Fair Value Assumptions Redeemable
FairValueAssumptionsRedeemable
N/A
CY2013Q4 amsc Fair Value Assumptions Redeemable
FairValueAssumptionsRedeemable
yes
CY2013Q2 amsc Fair Value Assumptions Redeemable
FairValueAssumptionsRedeemable
yes
CY2013Q1 amsc Fair Value Assumptions Redeemable
FairValueAssumptionsRedeemable
yes
CY2013Q2 us-gaap Fair Value Assumptions Expected Term
FairValueAssumptionsExpectedTerm
P1Y3M4D
CY2013Q1 us-gaap Fair Value Assumptions Expected Term
FairValueAssumptionsExpectedTerm
P1Y6M4D
CY2014Q1 amsc Fair Value Assumptions Dilution Effect
FairValueAssumptionsDilutionEffect
N/A
CY2013Q4 amsc Fair Value Assumptions Dilution Effect
FairValueAssumptionsDilutionEffect
yes
CY2013Q3 amsc Fair Value Assumptions Dilution Effect
FairValueAssumptionsDilutionEffect
yes
CY2013Q2 amsc Fair Value Assumptions Dilution Effect
FairValueAssumptionsDilutionEffect
yes
CY2013Q1 amsc Fair Value Assumptions Dilution Effect
FairValueAssumptionsDilutionEffect
yes
CY2013Q3 us-gaap Derivative Liabilities
DerivativeLiabilities
200000
CY2013Q2 us-gaap Derivative Liabilities
DerivativeLiabilities
500000
CY2013Q1 us-gaap Derivative Liabilities
DerivativeLiabilities
500000
CY2013Q4 amsc Convertible Notes Fair Value As Percentage Of Par Value
ConvertibleNotesFairValueAsPercentageOfParValue
0.0002
CY2013Q3 amsc Convertible Notes Fair Value As Percentage Of Par Value
ConvertibleNotesFairValueAsPercentageOfParValue
0.0070
CY2013Q2 amsc Convertible Notes Fair Value As Percentage Of Par Value
ConvertibleNotesFairValueAsPercentageOfParValue
0.033
CY2013Q1 amsc Convertible Notes Fair Value As Percentage Of Par Value
ConvertibleNotesFairValueAsPercentageOfParValue
0.034
amsc Convertible Debt Instrument Redemption Waiting Period
ConvertibleDebtInstrumentRedemptionWaitingPeriod
P1Y
amsc Convertible Debt Instrument Contractual Term
ConvertibleDebtInstrumentContractualTerm
P30M
CY2012Q2 invest Investment Warrants Expiration Date
InvestmentWarrantsExpirationDate
2017-12-05
CY2013Q4 invest Investment Warrants Expiration Date
InvestmentWarrantsExpirationDate
2019-05-15
CY2014Q3 us-gaap Purchase Commitment Remaining Minimum Amount Committed
PurchaseCommitmentRemainingMinimumAmountCommitted
0
CY2011Q2 us-gaap Loss Contingency New Claims Filed Number
LossContingencyNewClaimsFiledNumber
7
CY2011Q2 amsc Number Of Officers Putative Securities Filed Against
NumberOfOfficersPutativeSecuritiesFiledAgainst
2
CY2011Q2 amsc Number Of Complaint Additionally Asserted Claims Against Underwriters
NumberOfComplaintAdditionallyAssertedClaimsAgainstUnderwriters
1
CY2013Q4 us-gaap Loss Contingency Damages Sought Value
LossContingencyDamagesSoughtValue
10000000
CY2014Q3 us-gaap Insurance Settlements Receivable
InsuranceSettlementsReceivable
8200000
CY2014Q3 amsc Settlement Amount Expected To Be Paid By Issuance Of Common Stock
SettlementAmountExpectedToBePaidByIssuanceOfCommonStock
1800000
CY2014Q3 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
944882
CY2014Q2 amsc Shortfall Payment
ShortfallPayment
500000
CY2011Q3 amsc Loss Contingency Number Of Claims Consolidated
LossContingencyNumberOfClaimsConsolidated
3
CY2014Q3 us-gaap Line Of Credit
LineOfCredit
2700000
CY2014Q3 us-gaap Line Of Credit
LineOfCredit
3400000
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2
amsc Business Segments Power Of Wind Turbines
BusinessSegmentsPowerOfWindTurbines
2

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