Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows - Unaudited

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Condensed Consolidated Statements of Cash Flows - Unaudited - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Cash flows from operating activities    
Net loss $ (11,314) $ (17,952)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation expense 841 897
Amortization of intangible assets 250 250
Amortization of lease incentive for tenant improvements 10 10
Non cash interest expense 1,130 420
Loss on extinguishment of debt 79 1,596
Stock based compensation 704 8,824
Change in fair value of derivative liabilities 1,100 562
(Gain) Loss on extinguishment of derivative liabilities 1,261 0
Loss on disposal of equipment 4 34
Provision for inventory reserve 625 670
Bad debt expense (recovery) (7) (20)
Changes in operating assets and liabilities:    
Trade accounts receivable 11 (224)
Prepaid expenses and other current assets (289) 2,723
Inventories 556 (3,257)
Accounts payable and accrued liabilities (284) (2,938)
Net cash used in operating activities (5,323) (8,405)
Cash flows from investing activities    
Purchase of property and equipment (417) (1,365)
Proceeds from sale of property and equipment 7 16
Decrease in restricted cash 0 392
Net cash used in investing activities (410) (957)
Cash flows from financing activities    
Proceeds from issuance of common stock, net of issuance costs 0 15,369
Payments on long-term debt 0 (18,000)
Debt extinguishment payments 0 (735)
Proceeds from issuance of long-term debt 0 22,300
Payment of deferred financing costs 0 (301)
Purchase of treasury stock (120) 0
Net cash provided by (used in) financing activities (120) 18,633
Net increase (decrease) in cash and cash equivalents (5,853) 9,271
Cash and cash equivalents at beginning of period 18,247 2,279
Cash and cash equivalents at end of period 12,394 11,550
Noncash investing and financing activities    
Reclassification of warrant liability 0 5
Deferred financing costs included in accounts payable and accrued liabilities 0 968
Stock and derivative liabilities issued with long-term debt 0 2,184
Common stock issued with extinguishment of derivative liabilities 11,563 0
Treasury stock issued upon conversion of restricted stock units to common shares 120 0
Supplemental cash flow information    
Cash paid for interest 548 238
Preferred Stock    
Noncash investing and financing activities    
Stock conversion 0 161,456
Common Stock    
Noncash investing and financing activities    
Stock conversion $ 202 $ 0