Consolidated Statements of Cash Flows - USD ($)
$ in Thousands |
6 Months Ended |
Jun. 30, 2016 |
Jun. 30, 2015 |
| Cash flows from operating activities |
|
|
| Net loss |
$ (2,917)
|
$ (9,623)
|
| Adjustments to reconcile net loss to net cash used in operating activities: |
|
|
| Depreciation and amortization |
1,609
|
2,159
|
| Gain on change in warrant liability |
(48)
|
(1,057)
|
| Stock-based compensation |
610
|
791
|
| Non-cash loan origination fees |
34
|
743
|
| Non-cash consulting expense |
|
240
|
| Non-cash directors’ fees |
31
|
31
|
| Bad debt expense |
|
464
|
| Deferred tax expense |
|
10
|
| Changes in operating assets and liabilities: |
|
|
| Accounts receivable |
1,910
|
6,027
|
| Inventory |
57
|
155
|
| Other current assets |
202
|
173
|
| Other assets |
10
|
(218)
|
| Accounts payable |
(793)
|
(2,262)
|
| Accrued liabilities |
(1,006)
|
(1,155)
|
| Deferred revenue |
223
|
(11)
|
| Loss on long-term contract |
(350)
|
(1,732)
|
| Deferred rent and other liabilities |
(182)
|
(350)
|
| Net cash used in operating activities |
(610)
|
(5,615)
|
| Cash flows from investing activities |
|
|
| Purchases of property and equipment |
(140)
|
(298)
|
| Net cash used in investing activities |
(140)
|
(298)
|
| Cash flows from financing activities |
|
|
| Borrowings on line of credit, net |
700
|
|
| Proceeds from long-term debt |
|
1,000
|
| Conversion of preferred stock to common stock |
|
(41)
|
| Issuance of preferred stock, net of issuance costs |
|
9,627
|
| Net cash provided by financing activities |
700
|
10,586
|
| Effect of exchange rate changes on cash |
(284)
|
84
|
| Net increase (decrease) in cash and cash equivalents |
(334)
|
4,757
|
| Cash and cash equivalents, beginning of period |
3,206
|
3,077
|
| Cash and cash equivalents, end of period |
2,872
|
7,834
|
| Supplemental disclosures of cash flow information: |
|
|
| Cash paid during the period for interest |
105
|
647
|
| Cash paid during the period for income taxes |
$ 77
|
18
|
| Non-cash Supplemental information: |
|
|
| Long-term notes payable paid thru issuance of preferred shares |
|
$ 15,000
|