Annual report pursuant to Section 13 and 15(d)

Consolidated Statements Of Cash Flows

v3.3.1.900
Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Cash Flows From Operating Activities:      
Net loss $ (20,278) $ (18,926) $ (11,482)
Adjustments to reconcile net loss to net cash and cash equivalents used in operating activities:      
Depreciation and amortization 880 696 601
Loss on disposal of assets, net 6 9  
Provision for bad debts 86 1,295 291
Provision for inventory excess and obsolescence 647 585 1,132
Provision for sales returns allowance 100    
Amortization of discount on lines of credit   200 179
Amortization of debt issuance costs   128 197
Stock-based compensation 3,350 1,233 1,609
Other equity instruments compensation     106
Other non-cash compensation   123 250
Deferred income taxes 61 60 (30)
(Earned) incurred interest (income) expense, net (74)   27
Changes in operating assets and liabilities:      
Restricted cash (200)    
Accounts receivable (52) 826 264
Inventory (705) (1,715) (1,436)
Prepaid expenses and other current assets (65) (21) 56
Customer deposits (27) (174) (297)
Accounts payable and accrued liabilities (640) 451 (999)
Accrued legal settlement (1,664)    
Deferred revenue 803 (971) 236
Net cash and cash equivalents used in operating activities (17,772) (16,201) (9,296)
Cash Flows From Investing Activities:      
Additions to property, plant, and equipment (1,803) (198) (675)
Proceeds from disposal of property, plant, and equipment 25 1  
Purchased other intangible assets     (10)
Net cash and cash equivalents used in investing activities (1,778) (197) (685)
Cash Flows From Financing Activities:      
Principal payments under capital lease obligation (107)    
Borrowings under lines of credit   16,875 35,100
Payments under lines of credit   (21,508) (32,104)
Payment of debt issuance costs   (45) (57)
Proceeds from equity offering, net of expenses   51,118 5,201
Deposit on capital lease (42)    
Proceeds from exercise of stock options 44 312 707
Net cash and cash equivalents (used in) provided by financing activities (105) 46,752 8,847
Effect of exchange rate changes (206) (234) 31
Increase (decrease) in cash and cash equivalents (19,861) 30,120 (1,103)
Cash and cash equivalents, beginning of year 31,560 1,440 2,543
Cash and cash equivalents, end of year 11,699 31,560 1,440
Supplemental cash flow disclosure - Cash Paid:      
Interest paid 4 148 220
Interest received (79)    
Income taxes paid 57 $ 52 $ 47
Supplemental cash flow disclosure - Non-cash:      
Assets acquired under capital lease 378    
Accrued capital expenditures and tenant improvement allowance $ 1,137