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
 12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Cash Flows From Operating Activities:      
Net loss $ (16,851) $ (15,371) $ (20,278)
Adjustments to reconcile net loss to net cash and cash equivalents used in operating activities:      
Depreciation and amortization 1,203 1,048 880
Loss (gain) on disposal of assets, net 505 (2) 6
Provision (recovery) for bad debts, net 40 (118) 86
Provision for inventory excess and obsolescence 623 272 647
Provision for sales returns allowance     100
Stock-based compensation 2,207 3,065 3,350
Deferred income taxes (694) 60 61
Earned interest income, net (42) (70) (74)
Changes in operating assets and liabilities:      
Restricted cash   (51) (200)
Accounts receivable (337) (644) (52)
Inventory 419 (1,989) (705)
Prepaid expenses and other current assets (11) 79 (65)
Customer deposits (74) 16 (27)
Accounts payable and accrued liabilities (5,003) 3,322 (640)
Accrued legal settlement     (1,664)
Deferred revenue (397) (264) 803
Net cash and cash equivalents used in operating activities (18,412) (10,647) (17,772)
Cash Flows From Investing Activities:      
Purchases of property, plant, and equipment (747) (1,414) (1,803)
Proceeds from disposal of property, plant, and equipment     25
Net cash and cash equivalents used in investing activities (747) (1,414) (1,778)
Cash Flows From Financing Activities:      
Principal payments under capital lease obligation (146) (171) (107)
Proceeds from equity offerings, net of expenses 21,761 9,520  
Deposit on capital lease     (42)
Proceeds from exercise of stock options 3 1 44
Net cash and cash equivalents provided by (used in) financing activities 21,618 9,350 (105)
Effect of exchange rate changes 262 (64) (206)
Increase (decrease) in cash and cash equivalents 2,721 (2,775) (19,861)
Cash and cash equivalents, beginning of year 8,924 11,699 31,560
Cash and cash equivalents, end of year 11,645 8,924 11,699
Supplemental cash flow disclosure - Cash Paid:      
Interest paid 1 4 4
Income taxes paid 164 76 57
Supplemental cash flow disclosure - Non-cash:      
Assets acquired under capital lease     378
Accrued capital expenditures and tenant improvement allowance $ 102 $ 251 $ 1,137