Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.5.0.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Cash flow from operating activities    
Net loss $ (8,452) $ (11,314)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation expense 772 841
Amortization of intangible assets 250 250
Amortization of lease incentive for tenant improvements 10 10
Non cash interest expense 2,365 1,130
Loss on extinguishment of debt 244 79
Stock based compensation 145 704
Change in fair value of derivative liabilities (24) 1,100
Loss on extinguishment of derivative liabilities 1,261
(Gain) loss on disposal of equipment (7) 4
Provision for inventory reserve 696 625
Bad debt recovery (7)
Changes in operating assets and liabilities:    
Trade accounts receivable 711 11
Prepaid expenses and other current assets (219) (289)
Inventories 296 556
Accounts payable and accrued liabilities 834 (284)
Net cash used in operating activities (2,379) (5,323)
Cash flows from investing activities    
Purchase of property and equipment (350) (417)
Proceeds from sale of property and equipment 23 7
Net cash used in investing activities (327) (410)
Cash flows from financing activities    
Proceeds from the exercise of warrants 1
Payments on long-term debt (3,424)
Issuance costs paid for debt (198)
Payments for capital lease (3)
Purchase of treasury stock (120)
Net cash used in financing activities (3,624) (120)
Net decrease in cash and cash equivalents (6,330) (5,853)
Cash and cash equivalents at beginning of period 11,485 18,247
Cash and cash equivalents at end of period 5,155 12,394
Noncash investing and financing activities    
Deferred financing costs included in accounts payable and accrued liabilities 69
Debt converted to common stock 2,480 202
Common stock issued for cashless exercise of warrant derivative liabilities 11,563
Issuance of treasury stock upon conversion of RSUs to common stock 120
Capital lease for property and equipment 60
Supplemental cash flow information    
Cash paid for interest $ 938 $ 1,110