Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows (Unaudited)

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Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands
 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Cash Flows From Operating Activities:    
Net loss $ (1,503) $ (9,469)
Adjustments to reconcile net loss to net cash and cash equivalents used in operating activities:    
Depreciation and amortization 411 571
Loss on disposal of assets, net 8 3
Impairment of property, plant and equipment   35
Provision for bad debts 20 51
Provision for inventory excess and obsolescence 118  
Amortization of discounts on term loan payable 78 5
Amortization of debt issuance costs 99 8
Stock-based compensation 676 386
Other equity instruments compensation 210  
Other non-cash compensation 124  
Deferred income taxes (2) 28
Changes in operating assets and liabilities:    
Accounts receivable (3,086) 2,503
Inventory (1,160) (1,423)
Prepaid expenses and other assets 486 90
Customer deposits (4,959) 6,326
Accounts payable and accrued liabilities 1,234 (730)
Deferred revenue 143 (1,047)
Net cash and cash equivalents used in operating activities (7,103) (2,663)
Cash Flows From Investing Activities:    
Additions to property, plant and equipment (157) (184)
Net cash and cash equivalents used in investing activities (157) (184)
Cash Flows From Financing Activities:    
Proceeds from term loan payable   3,000
Payments under term loan payable (2,700)  
Payment of debt issuance costs   (85)
Proceeds from equity offering, net of expenses 17,325  
Proceeds from exercise of stock options 964 42
Net cash and cash equivalents provided by financing activities 15,589 2,957
Effect of exchange rate changes 111 (190)
Increase (decrease) in cash and cash equivalents 8,440 (80)
Cash and cash equivalents, beginning of year 1,694 2,975
Cash and cash equivalents, end of period 10,134 2,895
Cash paid during the period for:    
Interest 79 13
Income taxes $ 8 $ (17)