XML 28 R6.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Aug. 31, 2014
Aug. 31, 2013
Cash flows from operating activities:    
Net loss $ (907) $ (166)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:    
Stock-based compensation expense 197 143
(Recovery of) provision for doubtful accounts (20) 7
Loss on disposal of assets 0 9
Depreciation and amortization 29 53
Changes in operating assets and liabilities:    
Accounts receivable 1,272 (216)
Inventories (156) 0
Prepaid expenses and other (46) (181)
Accounts payable (270) 175
Accrued expenses 38 7
Customer deposits and deferred revenue (294) 409
Income taxes payable (53) (45)
Deferred rent (8) (23)
Net cash (used in) provided by operating activities (218) 172
Cash flows from investing activities:    
Purchases of property and equipment (21) (6)
Net cash used in investing activities (21) (6)
Cash flows from financing activities:    
Line of credit borrowings (repayments), net 223 (154)
Proceeds from issuance of common stock and exercise of stock options 315 59
Net cash provided by (used in) financing activities 538 (95)
Effect of exchange rates on cash (33) 40
Net increase in cash and cash equivalents 266 111
Cash and cash equivalents, beginning of period 1,809 [1] 2,324
Cash and cash equivalents, end of period $ 2,075 $ 2,435
[1] The condensed consolidated balance sheet at May 31, 2014 has been derived from the audited consolidated financial statements at that date.