Quarterly report pursuant to Section 13 or 15(d) 03-31-2016

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.4.0.3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Cash flow from operating activities    
Net loss $ (3,388) $ (5,381)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation expense 389 428
Amortization of intangible assets 125 125
Amortization of lease incentive for tenant improvements 5 5
Non cash interest expense $ 405 551
Loss on extinguishment of debt 79
Stock based compensation $ 88 592
Change in fair value of derivative liabilities $ 11 177
Loss on extinguishment of derivative liabilities 16
(Gain) loss on disposal of equipment $ (4) 3
Provision for inventory reserve $ 373 326
Bad debt recovery (20)
Changes in operating assets and liabilities:    
Trade accounts receivable $ 813 (35)
Prepaid expenses and other current assets (476) (330)
Inventories 263 293
Accounts payable and accrued liabilities (64) 200
Net cash used in operating activities (1,465) (2,971)
Cash flows from investing activities    
Purchase of property and equipment (259) (277)
Proceeds from sale of property and equipment 16 3
Net cash used in investing activities (243) $ (274)
Cash flows from financing activities    
Payments on long-term debt $ (1,834)
Purchase of treasury stock $ (120)
Net cash used in financing activities $ (1,834) (120)
Net decrease in cash and cash equivalents (3,542) (3,365)
Cash and cash equivalents at beginning of period 11,485 18,247
Cash and cash equivalents at end of period $ 7,943 14,882
Noncash investing and financing activities    
Debt converted to common stock 202
Common stock issued for cashless exercise of warrant derivative liabilities 739
Supplemental cash flow information    
Cash paid for interest $ 507 $ 548