XML 24 R6.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS (UNAUDITED) (in thousands) (USD $)
9 Months Ended
Feb. 28, 2014
Feb. 28, 2013
Cash flows from operating activities:    
Net income(loss) $ (585) $ 411
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense 170 161
Gain on sale of product line (155) 0
Stock-based compensation 6 6
Non-cash interest expense 15 0
Change in fair value of warrant liability (32) 0
Change in current assets and liabilities:    
Accounts receivable (243) (420)
Prepaid expenses and other assets 179 (228)
Restricted cash 65 217
Accounts payable, accrued expenses and other liabilities 401 (187)
Deferred maintenance revenue (135) 0
Net cash used in operating activities (314) (40)
Cash flows from investing activities:    
Proceeds from sale of product line, net of direct cash expenses 2,432 0
Capital expenditures (39) (2)
Capitalized software development costs (57) (207)
Capitalized patent costs (4) (6)
Net cash provided by (used in) investing activities 2,332 (215)
Cash flows from financing activities:    
Cost of treasury shares (63) 0
Capitalized debt issuance costs (32) 0
Proceeds from issuance of redeemable common stock, net of issuance costs 0 223
Repayment under debt agreements (1,700) (855)
Borrowing under debt agreements 0 300
Repayments under capital lease (11) (7)
Net cash used in financing activities (1,825) (339)
Effect of exchange rates on cash (89) 1
Increase (decrease) in cash and cash equivalents 104 (593)
Cash and cash equivalents, beginning of period 1,188 595
Cash and cash equivalents, end of period 1,292 2
Supplemental disclosures of cash flow information:    
Interest paid 205 110
Taxes paid 14 2
Noncash investing and financing activities:    
Issuance of warrants 51 0
Purchase of property and equipment under capital lease 30 53
Accretion of redeemable common stock $ 0 $ 112