XML 16 R6.htm IDEA: XBRL DOCUMENT v3.3.1.900
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Feb. 29, 2016
Feb. 28, 2015
Cash flows from operating activities:    
Net loss $ (3,729) $ (4,747)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation expense 786 693
Provision for (recovery of) doubtful accounts 8 (44)
Amortization of debt issuance costs 126 0
Depreciation and amortization 123 98
Changes in operating assets and liabilities:    
Accounts receivable (592) 2,584
Inventories (275) (706)
Prepaid expenses and other (34) (129)
Accounts payable 1,068 6
Accrued expenses 434 (71)
Customer deposits and deferred revenue (2,597) 663
Income taxes payable (25) 21
Deferred rent 0 (8)
Net cash used in operating activities (4,707) (1,640)
Cash flows from investing activities:    
Purchases of property and equipment (890) (106)
Net cash used in investing activities (890) (106)
Cash flows from financing activities:    
Line of credit borrowings (repayments), net 2,000 (662)
Proceeds from issuance of common stock under private placement, net of issuance costs 0 2,574
Proceeds from issuance of common stock under employee plans 460 553
Net cash provided by financing activities 2,460 2,465
Effect of exchange rates on cash 82 (254)
Net (decrease) increase in cash and cash equivalents (3,055) 465
Cash and cash equivalents, beginning of period 5,527 [1] 1,809
Cash and cash equivalents, end of period 2,472 2,274
Supplemental disclosure of non-cash flow information    
Net change in capitalized share-based compensation $ (20) $ 29
[1] The condensed consolidated balance sheet at May 31, 2015 has been derived from the audited consolidated financial statements at that date.