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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
May 31, 2018
May 31, 2017
May 31, 2016
Cash flows from operating activities:      
Net income (loss) $ 528 $ (5,653) $ (6,785)
Adjustments to reconcile net income (loss) to net cash used in operating activities:      
Stock-based compensation expense 996 999 1,016
(Recovery of) provision for doubtful accounts (58) 53 (13)
Loss on disposal of asset 0 0 2
Amortization of debt issuance costs 0 148 177
Depreciation and amortization 417 271 203
Changes in operating assets and liabilities:      
Accounts receivable 1,260 (3,507) 887
Inventories (2,073) 430 70
Prepaid expenses and other 59 (707) 9
Accounts payable (1,095) 1,686 564
Accrued expenses 62 53 539
Customer deposits and deferred revenue (1,482) 1,730 (2,909)
Deferred rent 63 0 0
Income taxes payable (28) 2 (41)
Net cash used in operating activities (1,351) (4,495) (6,281)
Cash flows from investing activities:      
Purchases of property and equipment (572) (477) (919)
Net cash used in investing activities (572) (477) (919)
Cash flows from financing activities:      
Line of credit borrowings (repayments), net 0 0 2,000
Proceed from issuance of convertible notes, net 0 0 (6)
Proceeds from issuance of common stock under public offering, net of issuance costs 0 15,832 0
Proceeds from issuance of common stock under private placement, net of issuance costs 0 5,299 0
Proceeds from issuance of common stock under employee plans 925 704 512
Net cash provided by financing activities 925 21,835 2,506
Effect of exchange rates on cash and cash equivalents 43 1 106
Net (decrease) increase in cash and cash equivalents (955) 16,864 (4,588)
Cash and cash equivalents, beginning of year 17,803 939 5,527
Cash and cash equivalents, end of year 16,848 17,803 939
Supplemental Cash Flow Information:      
Cash paid during the year for Income taxes 37 18 47
Cash paid during the year for Interest 550 516 302
Supplemental disclosure of non-cash flow information:      
Net change in capitalized stock-based compensation 0 0 (20)
Line of credit converted to convertible notes 0 0 2,000
Fair value of common stock issued to settle accounts payable $ 0 $ 323 $ 0