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, 2017
Jun. 30, 2016
Cash Flows from Operating Activities:    
Net loss $ (4,092) $ (4,516)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 304 407
Amortization of deferred financing costs 105 44
Reduction in accounts receivable allowances (13) (904)
Inventory provision 183 208
Provision for warranty expenses 779 142
Loss on disposal of equipment 23 171
Stock-based compensation 154 238
Changes in operating assets and liabilities:    
Accounts receivable 4,786 (1,254)
Inventories (1,010) 1,935
Prepaid expenses and other current assets 296 230
Accounts payable and accrued expenses (1,147) (32)
Accrued salaries and wages and long term liabilities (455) (359)
Accrued warranty reserve (1,472) (377)
Deferred revenue 827 1,863
Net cash used in operating activities (732) (2,204)
Cash Flows from Investing Activities:    
Expenditures for property and equipment (178) (9)
Net cash used in investing activities (178) (9)
Cash Flows from Financing Activities:    
Net repayments of revolving credit facility (2,049) (3,382)
Repayment of notes payable and capital lease obligations (122) (194)
Cash used in employee stock-based transactions (5) (2)
Net proceeds from issuance of common stock and warrants 2,520 13,128
Net cash provided by financing activities 344 9,550
Net increase (decrease) in Cash, Cash Equivalents and Restricted Cash (566) 7,337
Cash, Cash Equivalents and Restricted Cash, Beginning of Period 19,705 16,706
Cash, Cash Equivalents and Restricted Cash, End of Period 19,139 24,043
Cash paid during the period for:    
Interest 108 136
Income taxes   3
Supplemental Disclosures of Non-Cash Information:    
Acquisition of property and equipment through accounts payable $ 7 $ 53