Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements Of Cash Flows (Unaudited)

v3.7.0.1
Consolidated Statements Of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash Flows from Operating Activities:    
Net loss $ (8,397) $ (7,798)
Adjustments to reconcile net loss to net cash and cash equivalents used in operating activities:    
Depreciation and amortization 577 488
Provision (recovery) for bad debts, net 55 (85)
Provision for inventory excess and obsolescence 225  
Stock-based compensation 1,140 1,780
Deferred income taxes 30 30
Earned interest income, net (19) (33)
Changes in operating assets and liabilities:    
Accounts receivable (55) (1,968)
Inventory (1,894) 908
Prepaid expenses and other current assets 433 451
Customer deposits 24 (19)
Accounts payable and accrued liabilities (2,673) 25
Deferred revenue (353) (54)
Net cash and cash equivalents used in operating activities (10,907) (6,275)
Cash Flows from Investing Activities:    
Purchases of property, plant, and equipment (637) (502)
Net cash and cash equivalents used in investing activities (637) (502)
Cash Flows from Financing Activities:    
Principal payments under capital lease obligation (86) (86)
Proceeds from equity offering, net of expenses 10,457  
Proceeds from exercise of stock options 3  
Net cash and cash equivalents provided by (used in) financing activities 10,374 (86)
Effect of exchange rate changes 162 41
Decrease in cash and cash equivalents (1,008) (6,822)
Cash and cash equivalents, beginning of period 8,924 11,699
Cash and cash equivalents, end of period 7,916 4,877
Supplemental cash flow disclosure - Cash Paid:    
Interest paid 1 2
Income taxes paid 137 48
Supplemental cash flow disclosure - Non-cash:    
Accrued capital expenditures and tenant improvement allowance $ 158 $ 102