XML 26 R6.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Aug. 31, 2012
Aug. 31, 2011
Cash flows from operating activities:    
Net (loss) income $ (296) $ 124
Adjustments to reconcile net (loss) income to net cash used in operating activities:    
Stock-based compensation expense 169 165
(Recovery of) provision for doubtful accounts (1) 16
Gain on sale of long-term investment 0 (990)
Depreciation and amortization 86 137
Changes in operating assets and liabilities:    
Accounts receivable 53 (1,101)
Inventories (640) (211)
Prepaid expenses and other (127) (83)
Accounts payable 485 376
Accrued expenses and deferred revenue 16 (1)
Income tax payable 1 (38)
Deferred lease commitment, net of current (18) (14)
Net cash used in operating activities (272) (1,620)
Cash flows from investing activities:    
Proceeds from sale of investments 0 1,375
Purchase of property and equipment (16) (7)
Net cash (used in) provided by investing activities (16) 1,368
Cash flows from financing activities:    
Line of credit borrowings, net 44 0
Proceeds from issuance of common stock and excercise of stock options 67 0
Net cash provided by financing activities 111 0
Effect of exchange rates on cash and cash equivalents 5 124
Net decrease in cash and cash equivalents (172) (128)
Cash and cash equivalents, beginning of period 2,073 [1] 4,020
Cash and cash equivalents, end of period $ 1,901 $ 3,892
[1] The condensed consolidated balance sheet at May 31, 2012 has been derived from the audited consolidated financial statements at that date.