Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Cash Flows from Operating Activities:    
Net loss $ (4,516) $ (5,975)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 407 365
Amortization of deferred financing costs 44 42
Interest on restricted cash (2)  
Accounts receivable allowances (904) 0
Inventory provision 208 349
Provision for warranty expenses 142 428
Loss on disposal of equipment 171 8
Stock-based compensation 238 463
Changes in operating assets and liabilities:    
Accounts receivable (1,254) (2,866)
Inventories 1,935 (1,424)
Prepaid expenses and other current assets 230 195
Accounts payable and accrued expenses (32) 1,253
Accrued salaries and wages and long term liabilities (359) 614
Accrued warranty reserve (377) (574)
Deferred revenue 1,863 261
Net cash used in operating activities (2,206) (6,861)
Cash Flows from Investing Activities:    
Expenditures for property and equipment (9) (915)
Net cash used in investing activities (9) (915)
Cash Flows from Financing Activities:    
Net (repayments of) proceeds from revolving credit facility (3,382) 3,202
Changes in restricted cash   (5,000)
Repayment of notes payable and capital lease obligations (194) (191)
Cash used in employee stock-based transactions (2) (41)
Net proceeds from equity issuances 13,128  
Net cash provided by financing activities 9,550 (2,030)
Net (decrease) increase in Cash and Cash Equivalents 7,335 (9,806)
Cash and Cash Equivalents, Beginning of Period 11,704 32,221
Cash and Cash Equivalents, End of Period 19,039 22,415
Cash paid during the period for:    
Interest 136 98
Income taxes 3 3
Supplemental Disclosures of Non-Cash Information:    
Acquisition of property and equipment through accounts payable $ 53 156
Acquisition of property and equipment in consideration for the issuance of a note payable   $ 81