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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
May 31, 2019
May 31, 2018
May 31, 2017
Cash flows from operating activities:      
Net (loss) income $ (5,235) $ 528 $ (5,653)
Adjustments to reconcile net (loss) income to net cash used in operating activities:      
Stock-based compensation expense 905 996 999
(Recovery of) provision for doubtful accounts (3) (58) 53
Amortization of debt issuance costs 0 0 148
Depreciation and amortization 431 417 271
Changes in operating assets and liabilities:      
Accounts receivable (2,043) 1,260 (3,507)
Inventories (112) (2,073) 430
Prepaid expenses and other 84 59 (707)
Accounts payable 210 (1,095) 1,686
Accrued expenses 402 62 53
Customer deposits and deferred revenue (355) (1,482) 1,730
Deferred rent 90 63 0
Income taxes payable (11) (28) 2
Net cash used in operating activities (5,637) (1,351) (4,495)
Cash flows from investing activities:      
Purchases of property and equipment (173) (572) (477)
Net cash used in investing activities (173) (572) (477)
Cash flows from financing activities:      
Repayment of Convertible Notes (6,110) 0 0
Proceeds from issuance of common stock under public offering, net of issuance costs 0 0 15,832
Proceeds from issuance of common stock under private placement, net of issuance costs 0 0 5,299
Proceeds from issuance of common stock under employee plans 559 925 704
Net cash (used in) provided by financing activities (5,551) 925 21,835
Effect of exchange rates on cash and cash equivalents (59) 43 1
Net (decrease) increase in cash and cash equivalents (11,420) (955) 16,864
Cash and cash equivalents, beginning of year 16,848 17,803 939
Cash and cash equivalents, end of year 5,428 16,848 17,803
Supplemental Cash Flow Information:      
Cash paid during the year for Income taxes 37 37 18
Cash paid during the year for Interest 610 550 516
Supplemental disclosure of non-cash flow information:      
Fair value of common stock issued to settle accounts payable 0 0 323
Net transfer of equipment between inventory and property and equipment $ 119 $ 0 $ 0