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, 2018
Jun. 30, 2017
Cash Flows from Operating Activities:    
Net loss $ (4,897) $ (4,092)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 287 304
Amortization of deferred financing costs 38 105
Reduction in accounts receivable allowances (3) (13)
Inventory provision 137 183
Provision for warranty expenses 397 779
Loss on disposal of equipment 7 23
Stock-based compensation 227 154
Changes in operating assets and liabilities:    
Accounts receivable 84 4,786
Inventories (621) (1,010)
Prepaid expenses and other current assets (2,324) 296
Accounts payable and accrued expenses 61 (1,147)
Accrued salaries and wages and long term liabilities (247) (455)
Accrued warranty reserve (218) (1,472)
Deferred revenue 1,054 827
Net cash used in operating activities (6,018) (732)
Cash Flows from Investing Activities:    
Expenditures for property and equipment (163) (178)
Net cash used in investing activities (163) (178)
Cash Flows from Financing Activities:    
Net proceeds from (repayments of) revolving credit facility 1,497 (2,049)
Repayment of notes payable and capital lease obligations (125) (122)
Cash used in employee stock-based transactions (3) (5)
Net proceeds from issuance of common stock and warrants 4,973 2,520
Net cash provided by financing activities 6,342 344
Net increase (decrease) in Cash, Cash Equivalents and Restricted Cash 161 (566)
Cash, Cash Equivalents and Restricted Cash, Beginning of Period 19,408 19,705
Cash, Cash Equivalents and Restricted Cash, End of Period 19,569 19,139
Cash paid during the period for:    
Interest 82 108
Income taxes $ 4  
Supplemental Disclosures of Non-Cash Information:    
Acquisition of property and equipment through accounts payable   $ 7