CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands |
12 Months Ended |
Dec. 31, 2016 |
Dec. 31, 2015 |
Dec. 31, 2014 |
| Cash flows from operating activities |
|
|
|
| Net loss |
$ (3,950)
|
$ (5,370)
|
$ (17,282)
|
| Adjustments to reconcile net loss to net cash used in operating activities: |
|
|
|
| Depreciation and amortization |
734
|
812
|
876
|
| Provision for inventory obsolescence |
178
|
157
|
733
|
| Gain on disposal of property and equipment, net |
21
|
21
|
14
|
| Stock based compensation |
809
|
575
|
388
|
| Change in fair value of derivative liabilities |
(64)
|
(1,799)
|
7,285
|
| Provision for allowance for doubtful accounts |
74
|
(59)
|
(93)
|
| Provision (benefit) for deferred taxes |
25
|
(25)
|
3,975
|
| Changes in current assets and liabilities: |
|
|
|
| Trade receivables |
(1,884)
|
(874)
|
90
|
| Prepaid expenses |
103
|
286
|
(259)
|
| Inventories |
(379)
|
(102)
|
1,955
|
| Deposits and other assets |
341
|
228
|
952
|
| Accounts payable |
392
|
(189)
|
494
|
| Accrued and other liabilities |
763
|
553
|
455
|
| Net cash used in operating activities |
(2,837)
|
(5,786)
|
(417)
|
| Cash flows from investing activities |
|
|
|
| Purchases of property and equipment |
(286)
|
(421)
|
(630)
|
| Acquisition of Bovie Bulgaria, net of cash acquired |
0
|
(500)
|
0
|
| Net cash used in investing activities |
(286)
|
(921)
|
(630)
|
| Cash flows from financing activities |
|
|
|
| Proceeds from stock options/warrants exercised |
124
|
1,427
|
259
|
| Change in restricted cash |
60
|
60
|
(899)
|
| Proceeds from (repayment of) mortgage note payable |
(240)
|
(239)
|
3,173
|
| Proceeds from issuance of common shares, net |
5,830
|
11,531
|
0
|
| Repayment of industrial revenue bonds |
0
|
0
|
(3,257)
|
| Repurchase of warrants |
0
|
0
|
(420)
|
| Net cash provided by (used in) financing activities |
5,774
|
12,779
|
(1,144)
|
| Net change in cash and cash equivalents |
2,651
|
6,072
|
(2,191)
|
| Cash and cash equivalents, beginning of period |
11,805
|
5,733
|
7,924
|
| Cash and cash equivalents, end of period |
14,456
|
11,805
|
5,733
|
| Cash paid for: |
|
|
|
| Interest paid, net |
158
|
158
|
151
|
| Non cash investing activities: |
|
|
|
| Note payable for acquisitions |
$ 0
|
$ 140
|
$ 0
|