Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.8.0.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash flow from operating activities    
Net loss $ (2,215) $ (8,452)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation expense 293 772
Amortization of intangible assets 268 250
Amortization of lease incentive for tenant improvements 10 10
Non-cash interest expense 519 2,365
Loss on extinguishment of debt 244
Stock based compensation 119 145
Change in fair value of derivative liabilities (2,182) (24)
(Gain) loss on disposal of equipment 2 (7)
Provision for inventory reserve 400 696
Offering costs 131
Changes in operating assets and liabilities:    
Trade accounts receivable (354) 711
Prepaid expenses and other current assets (115) (219)
Inventories 170 296
Accounts payable and accrued liabilities (475) 834
Net cash used in operating activities (3,430) (2,379)
Cash flows from investing activities    
Purchase of property and equipment (508) (350)
Proceeds from sale of property and equipment 23
Net cash used in investing activities (508) (327)
Cash flows from financing activities    
Proceeds from issuance of common stock, net of issuance costs 3,128 1
Proceeds from issuance of warrant derivative liability 679
Payments on long-term debt (3,324) (3,424)
Issuance costs paid for debt (198)
Payments for capital lease (3)
Net cash provided by (used in) financing activities 483 (3,624)
Net decrease in cash and cash equivalents (3,455) (6,330)
Cash and cash equivalents at beginning of period 6,915 11,485
Cash and cash equivalents at end of period 3,460 5,155
Non-cash investing and financing activities    
Deferred financing costs included in accounts payable and accrued liabilities 69
Debt converted to common stock 2,480
Capital lease for property and equipment 60
Supplemental cash flow information    
Cash paid for interest $ 219 $ 938