Annual report pursuant to Section 13 and 15(d)

Consolidated Statements Of Cash Flows

v3.7.0.1
Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Cash Flows From Operating Activities:      
Net loss $ (15,371) $ (20,278) $ (18,926)
Adjustments to reconcile net loss to net cash and cash equivalents used in operating activities:      
Depreciation and amortization 1,048 880 696
(Gain) loss on disposal of assets, net (2) 6 9
(Recovery) provision for bad debts, net (118) 86 1,295
Provision for inventory excess and obsolescence 272 647 585
Provision for sales returns allowance   100  
Amortization of discount on lines of credit     200
Amortization of debt issuance costs     128
Stock-based compensation 3,065 3,350 1,233
Other non-cash compensation     123
Deferred income taxes 60 61 60
Earned interest income, net (70) (74)  
Changes in operating assets and liabilities:      
Restricted cash (51) (200)  
Accounts receivable (644) (52) 826
Inventory (1,989) (705) (1,715)
Prepaid expenses and other current assets 79 (65) (21)
Customer deposits 16 (27) (174)
Accounts payable and accrued liabilities 3,322 (640) 451
Accrued legal settlement   (1,664)  
Deferred revenue (264) 803 (971)
Net cash and cash equivalents used in operating activities (10,647) (17,772) (16,201)
Cash Flows From Investing Activities:      
Purchases of property, plant, and equipment (1,414) (1,803) (198)
Proceeds from disposal of property, plant, and equipment   25 1
Net cash and cash equivalents used in investing activities (1,414) (1,778) (197)
Cash Flows From Financing Activities:      
Principal payments under capital lease obligation (171) (107)  
Borrowings under lines of credit     16,875
Payments under lines of credit     (21,508)
Payment of debt issuance costs     (45)
Proceeds from equity offering, net of expenses 9,520   51,118
Deposit on capital lease   (42)  
Proceeds from exercise of stock options 1 44 312
Net cash and cash equivalents provided by (used in) financing activities 9,350 (105) 46,752
Effect of exchange rate changes (64) (206) (234)
(Decrease) increase in cash and cash equivalents (2,775) (19,861) 30,120
Cash and cash equivalents, beginning of year 11,699 31,560 1,440
Cash and cash equivalents, end of year 8,924 11,699 31,560
Supplemental cash flow disclosure - Cash Paid:      
Interest paid 4 4 148
Income taxes paid 76 57 $ 52
Supplemental cash flow disclosure - Non-cash:      
Assets acquired under capital lease   378  
Accrued capital expenditures and tenant improvement allowance $ 251 $ 1,137