Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
 12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Cash Flows From Operating Activities:      
Net loss $ (3,056) $ (4,486) $ (12,021)
Adjustments to reconcile net loss to net cash and cash equivalents used in operating activities:      
Depreciation and amortization 513 695 1,070
Loss on disposal of assets, net 15 36 55
Impairment of property, plant and equipment     35
Provision for (recovery of) bad debts 241 74 (80)
Provision for inventory excess and obsolescence 330 392  
Amortization of discount on lines of credit 43    
Amortization of discounts on term loan payable   78 37
Amortization of debt issuance costs 91 99 70
Stock-based compensation 1,600 1,528 727
Other equity instruments compensation 23 273 19
Other non-cash compensation 250 250 87
Deferred income taxes 61 53 76
Incurred and unpaid interest expense 19    
Changes in operating assets and liabilities:      
Accounts receivable (3,222) (5,642) 978
Inventory (160) (4,716) 874
Prepaid expenses and other current assets 450 (552) 173
Customer deposits 417 (5,711) 5,877
Accounts payable and accrued liabilities (347) 4,230 (773)
Deferred revenue 1,068 79 (1,016)
Net cash and cash equivalents used in operating activities (1,664) (13,320) (3,812)
Cash Flows From Investing Activities:      
Additions to property, plant and equipment (808) (428) (237)
Proceeds from disposal of long-lived assets 124    
Purchased other intangible assets (14)    
Net cash and cash equivalents used in investing activities (698) (428) (237)
Cash Flows From Financing Activities:      
Borrowings under lines of credit 16,600    
Payments under lines of credit (14,963)    
Proceeds from term loan payable     3,000
Payments under term loan payable   (2,700) (300)
Payment of debt issuance costs (304)   (85)
Proceeds from exercise of warrants 6 18  
Payment to repurchase equity warrants   (130)  
Proceeds from equity offering, net of expenses   17,223  
Stock repurchase (235) (268)  
Proceeds from exercise of stock options 455 1,244 199
Net cash and cash equivalents provided by financing activities 1,559 15,387 2,814
Effect of exchange rate changes 39 (26) (46)
Increase (decrease) in cash and cash equivalents (764) 1,613 (1,281)
Cash and cash equivalents, beginning of year 3,307 1,694 2,975
Cash and cash equivalents, end of year 2,543 3,307 1,694
Supplemental cash flow disclosure:      
Interest paid 88 80 236
Income taxes paid (refunded) 62 44 (96)
Supplemental disclosure of non-cash transactions:      
Intangible assets acquired for accounts receivable reduction $ 200