Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements Of Cash Flows

v2.4.0.8
Consolidated Statements Of Cash Flows (USD $)
In Thousands, unless otherwise specified
 3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Cash Flows from Operating Activities:    
Net loss $ (4,887) $ (2,631)
Adjustments to reconcile net loss to net cash and cash equivalents used in operating activities:    
Depreciation and amortization 175 145
(Gain) loss on disposal of property, plant, and equipment, net (1)  
Provision for bad debts 268 (11)
Provision for inventory excess and obsolescence 261  
Amortization of discounts on lines of credit 120 18
Amortization of debt issuance costs 57 38
Stock-based compensation 310 368
Other equity instruments compensation   64
Other non-cash compensation 61 62
Deferred income taxes 15 (107)
Incurred but unpaid interest expense 12  
Changes in operating assets and liabilities:    
Accounts receivable 2,301 1,047
Inventory (774) (779)
Prepaid expenses and other assets 2 23
Customer deposits (135) (304)
Accounts payable and accrued liabilities (392) (659)
Deferred revenue (190) (96)
Net cash and cash equivalents used in operating activities (2,797) (2,822)
Cash Flows from Investing Activities:    
Additions to property, plant, and equipment (86) (139)
Proceeds from disposal of property, plant, and equipment 1  
Purchased other intangible assets   (10)
Net cash and cash equivalents used in investing activities (85) (149)
Cash Flows from Financing Activities:    
Borrowings under lines of credit 7,570 8,350
Payments under lines of credit (9,325) (6,726)
Payment of debt issue costs (10)  
Proceeds from equity offering, net of expenses 4,793  
Proceeds from exercise of stock options 248 76
Net cash and cash equivalents provided by financing activities 3,276 1,700
Effect of exchange rate changes 1 (43)
Change in cash and cash equivalents 395 (1,314)
Cash and cash equivalents, beginning of period 1,440 2,543
Cash and cash equivalents, end of period 1,835 1,229
Supplemental cash flow disclosure:    
Interest Paid 67 31
Income taxes paid $ 5 $ 45