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 ($)
 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Cash Flows from Operating Activities:    
Net loss $ (12,477,000) $ (11,326,000)
Adjustments to reconcile net loss to net cash and cash equivalents used in operating activities:    
Depreciation and amortization 324,000 352,000
Loss on disposal of property, plant, and equipment, net   2,000
Provision for bad debts 281,000 754,000
Provision for inventory excess and obsolescence   261,000
Amortization of discounts on lines of credit   200,000
Amortization of debt issuance costs   128,000
Stock-based compensation 1,635,000 586,000
Other non-cash compensation   123,000
Deferred income taxes 31,000 30,000
(Earned) incurred interest (income) expense, net (23,000) 15,000
Changes in operating assets and liabilities:    
Restricted cash (200,000)  
Accounts receivable (1,031,000) 3,774,000
Inventory (1,172,000) (733,000)
Prepaid expenses and other assets (385,000) (11,000)
Customer deposits (16,000) (145,000)
Accounts payable and accrued liabilities 1,237,000 3,319,000
Deferred revenue 757,000 (231,000)
Net cash and cash equivalents used in operating activities (11,039,000) (2,902,000)
Cash Flows from Investing Activities:    
Additions to property, plant, and equipment (433,000) (123,000)
Proceeds from disposal of property, plant, and equipment   1,000
Net cash and cash equivalents used in investing activities (433,000) (122,000)
Cash Flows from Financing Activities:    
Borrowings under lines of credit   15,575,000
Payments under lines of credit   (16,904,000)
Payments of debt issue costs   (45,000)
Proceeds from equity offering, net of expenses   4,793,000
Deposit on capital lease (42,000)  
Proceeds from exercise of stock options and warrants 44,000 256,000
Net cash and cash equivalents provided by financing activities 2,000 3,675,000
Effect of exchange rate changes (168,000) (8,000)
Change in cash and cash equivalents (11,638,000) 643,000
Cash and cash equivalents, beginning of period 31,560,000 1,440,000
Cash and cash equivalents, end of period 19,922,000 2,083,000
Supplemental cash flow disclosure - Cash Paid:    
Interest paid   101,000
Income taxes paid 44,000 34,000
Supplemental cash flow disclosure - Non-cash:    
Assets acquired under capital lease 405,000  
Accrued capital expenditures and tenant improvement allowance $ 555,000 $ 39,000