Consolidated Statements of Cash Flows - USD ($)
$ in Thousands |
9 Months Ended |
Sep. 30, 2016 |
Sep. 30, 2015 |
| Cash flows from operating activities |
|
|
| Net loss |
$ (3,803)
|
$ (10,824)
|
| Adjustments to reconcile net loss to net cash used in operating activities: |
|
|
| Depreciation and amortization |
2,410
|
3,024
|
| Gain on sale of discontinued operations |
|
(2,340)
|
| Gain on change in warrant liability |
(48)
|
(1,303)
|
| Impairment of fixed assets |
|
160
|
| Stock-based compensation |
757
|
1,197
|
| Non-cash loan origination fees |
52
|
742
|
| Non-cash consulting expense |
|
320
|
| Non-cash directors’ fees |
31
|
31
|
| Bad debt expense |
|
460
|
| Deferred tax expense |
|
7
|
| Changes in operating assets and liabilities: |
|
|
| Accounts receivable |
955
|
4,745
|
| Inventory |
416
|
249
|
| Other current assets |
330
|
88
|
| Non-current deferred tax liabilities |
|
(32)
|
| Other assets |
8
|
(293)
|
| Accounts payable |
(913)
|
(2,405)
|
| Accrued liabilities |
(706)
|
329
|
| Deferred revenue |
(521)
|
(579)
|
| Loss on long-term contract |
(524)
|
(1,840)
|
| Deferred rent and other liabilities |
(222)
|
(522)
|
| Net cash used in operating activities |
(1,778)
|
(8,786)
|
| Cash flows from investing activities |
|
|
| Proceeds from sale of discontinued operations |
|
1,190
|
| Purchases of property and equipment |
(288)
|
(356)
|
| Net cash provided by (used in) investing activities |
(288)
|
834
|
| Cash flows from financing activities |
|
|
| Net borrowings on line of credit |
700
|
|
| Proceeds from long-term debt |
|
1,000
|
| Conversion of preferred to common stock |
|
(41)
|
| Issuance of preferred shares, net of issuance costs |
|
9,627
|
| Net cash provided by financing activities |
700
|
10,586
|
| Effect of exchange rate changes on cash |
(353)
|
3
|
| Net increase (decrease) in cash and cash equivalents |
(1,719)
|
2,637
|
| Cash and cash equivalents, beginning of period |
3,206
|
3,077
|
| Cash and cash equivalents, end of period |
$ 1,487
|
$ 5,714
|