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 ($)
 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Cash Flows from Operating Activities:    
Net loss $ (17,820,000) $ (14,821,000)
Adjustments to reconcile net loss to net cash and cash equivalents used in operating activities:    
Depreciation and amortization 589,000 529,000
Loss (gain) on disposal of property, plant, and equipment, net 6,000 (1,000)
Provision for bad debts 207,000 796,000
Provision for inventory excess and obsolescence   261,000
Provision for sales allowance 100,000  
Amortization of discounts on lines of credit   200,000
Amortization of debt issuance costs   128,000
Stock-based compensation 2,256,000 887,000
Other non-cash compensation   123,000
Deferred income taxes 46,000 45,000
(Earned) incurred interest (income) expense, net (44,000)  
Changes in operating assets and liabilities:    
Restricted cash (200,000)  
Accounts receivable (500,000) 1,065,000
Inventory (1,611,000) (682,000)
Prepaid expenses and other assets (277,000) (19,000)
Customer deposits (7,000) (174,000)
Accounts payable and accrued liabilities 1,640,000 2,423,000
Deferred revenue 661,000 (1,034,000)
Net cash and cash equivalents used in operating activities (14,954,000) (10,274,000)
Cash Flows from Investing Activities:    
Additions to property, plant, and equipment (1,253,000) (194,000)
Proceeds from disposal of property, plant, and equipment 25,000 1,000
Net cash and cash equivalents used in investing activities (1,228,000) (193,000)
Cash Flows from Financing Activities:    
Principal payments under capital lease obligation (24,000)  
Borrowings under lines of credit   16,875,000
Payments under lines of credit   (21,508,000)
Payments of debt issue costs   (45,000)
Proceeds from equity offering, net of expenses   16,302,000
Deposit on capital lease (42,000)  
Proceeds from exercise of stock options and warrants 44,000 310,000
Net cash and cash equivalents (used) provided by financing activities (22,000) 11,934,000
Effect of exchange rate changes (162,000) (148,000)
Change in cash and cash equivalents (16,366,000) 1,319,000
Cash and cash equivalents, beginning of period 31,560,000 1,440,000
Cash and cash equivalents, end of period 15,194,000 2,759,000
Supplemental cash flow disclosure - Cash Paid:    
Interest paid 2,000 143,000
Income taxes paid 53,000 $ 45,000
Supplemental cash flow disclosure - Non-cash:    
Assets acquired under capital lease 378,000  
Accrued capital expenditures and tenant improvement allowance $ 791,000