Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Cash Flows From Operating Activities:    
Net loss $ (4,097) $ (2,456)
Adjustments to reconcile net loss to net cash and cash equivalents used in operating activities:    
Depreciation and amortization 373 562
Loss on disposal of assets, net   8
Provision for bad debts 193 27
Provision for inventory excess and obsolescence   118
Amortization of discount on lines of credit 25  
Amortization of discount on term loan payable   78
Amortization of debt issuance costs 53 99
Stock-based compensation 1,280 1,000
Other equity instruments compensation 23 226
Other non-cash compensation 187 187
Deferred income taxes   (2)
Other 17  
Changes in operating assets and liabilities:    
Accounts receivable (1,063) (4,770)
Inventory 112 (2,954)
Prepaid expenses and other assets 599 58
Customer deposits 87 (5,697)
Accounts payable and accrued liabilities (1,610) 2,359
Deferred revenue 834 (145)
Net cash and cash equivalents used in operating activities (3,527) (11,302)
Cash Flows From Investing Activities:    
Additions to property, plant and equipment (715) (294)
Proceeds from disposal of long-lived assets 124  
Net cash and cash equivalents used in investing activities (591) (294)
Cash Flows From Financing Activities:    
Borrowings under lines of credit 9,500  
Repayments of lines of credit (7,311)  
Payments under term loan payable   (2,700)
Payment of debt issuance costs (304)  
Payment of stock repurchase costs (235)  
Payment to repurchase equity warrants   (130)
Proceeds from equity offering, net of expenses   17,237
Proceeds from exercise of stock options and warrants 461 1,226
Net cash and cash equivalents provided by financing activities 2,111 15,633
Effect of exchange rate changes (5) 26
Change in cash and cash equivalents (2,012) 4,063
Cash and cash equivalents, beginning of period 3,307 1,694
Cash and cash equivalents, end of period 1,295 5,757
Cash paid during the period for:    
Interest 45 81
Income taxes $ 51 $ 8