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 $)
In Thousands, unless otherwise specified
 3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Cash Flows From Operating Activities:    
Net loss $ (1,672) $ (750)
Adjustments to reconcile net loss to net cash and cash equivalents used in operating activities:    
Depreciation and amortization 125 228
Loss on disposal of assets, net   7
Provision for bad debts 16 10
Amortization of discounts on term loan payable   78
Amortization of debt issuance costs   99
Stock-based compensation 583 220
Other equity instruments compensation 25 96
Other non-cash compensation 62 61
Deferred income taxes   (1)
Changes in operating assets and liabilities:    
Accounts receivable (100) (2,645)
Inventory 975 (191)
Prepaid expenses and other assets 606 212
Customer deposits (145) (2,923)
Accounts payable and accrued liabilities (957) 431
Deferred revenue (111) 4
Net cash and cash equivalents used in operating activities (593) (5,064)
Cash Flows From Investing Activities:    
Additions to property, plant and equipment (266) (18)
Net cash and cash equivalents used in investing activities (266) (18)
Cash Flows From Financing Activities:    
Payments under term loan payable   (2,700)
Proceeds from equity offering, net of expenses   7,049
Proceeds from exercise of stock options 277 594
Net cash and cash equivalents provided by financing activities 277 4,943
Effect of exchange rate changes 47 77
Change in cash and cash equivalents (535) (62)
Cash and cash equivalents, beginning of period 3,307 1,694
Cash and cash equivalents, end of period 2,772 1,632
Cash activity during the period for:    
Interest 3 73
Income taxes $ 21 $ 8