|
Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
|
3 Months Ended |
|
Mar. 31, 2012
|
Mar. 31, 2011
|
| Cash flows from operating activities: |
|
|
| Net income (loss) |
$ (989) |
$ 272 |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: |
|
|
| Depreciation of property, plant and equipment |
341 |
257 |
| Amortization |
847 |
494 |
| Provision for deferred income taxes |
(597) |
(95) |
| Share-based compensation |
261 |
394 |
| Change in fair value of contingent consideration |
317 |
|
| Other non-cash expenses |
(2) |
77 |
| Changes in operating assets and liabilities: |
|
|
| Accounts receivable |
(382) |
(1,278) |
| Inventories |
(889) |
(777) |
| Prepaid expenses and other current assets |
(33) |
49 |
| Restricted cash |
25 |
|
| Accounts payable and accrued liabilities |
1,727 |
439 |
| Income taxes payable, net |
(157) |
231 |
| Net cash provided by operating activities |
469 |
63 |
| Cash flows from investing activities: |
|
|
| Purchases of long-lived assets |
(319) |
(336) |
| Net cash used in investing activities |
(319) |
(336) |
| Cash flows from financing activities: |
|
|
| Repayment of notes payable |
(476) |
(328) |
| Repayment of notes payable to related party |
(250) |
|
| Principal payments on capital lease obligations |
(7) |
|
| Payment of debt issuance costs |
(70) |
|
| Payments to reacquire and retire common stock |
(100) |
(27) |
| Proceeds from issuance of common stock |
|
3,378 |
| Net cash provided by (used in) financing activities |
(903) |
3,023 |
| Effect of exchange rate changes on cash |
51 |
206 |
| Net increase (decrease) in cash |
(702) |
2,956 |
| Cash, beginning of period |
2,951 |
4,086 |
| Cash, end of period |
$ 2,249 |
$ 7,042 |