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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
May 31, 2016
May 31, 2015
Cash flows from operating activities:    
Net loss $ (673) $ (1,319)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization expense 74 279
Change in fair value of earn-out and holdback payments 46 (85)
Non-cash loss on foreign currency transactions 4 114
Stock-based compensation 108 115
Non-cash interest expense 0 27
Changes in current assets and liabilities:    
Accounts receivable 110 86
Prepaid expenses and other current assets 108 (111)
Accounts payable, accrued expenses and other liabilities 65 (663)
Deferred maintenance revenue (201) 270
Net cash used in operating activities (359) (1,287)
Cash flows from investing activities:    
Proceeds from earn-out and holdback payments 200 604
Capital expenditures (22) (3)
Capitalized software development costs (438) (202)
Capitalized identifiable intangible assets 0 (33)
Capitalized patent costs (4) (3)
Net cash provided by (used in) investing activities (264) 363
Cash flows from financing activities:    
Proceeds from issuance of redeemable common stock, net of issuance costs 50 820
Cost of repurchasing common stock 0 (37)
Borrowings under debt agreement 647 750
Cost of repurchasing redeemable common stock 0 (275)
Repayment under debt agreements (193) (1,304)
Repayments under capital lease (18) (14)
Net cash provided by (used in) financing activities 486 (60)
Effect of exchange rates on cash 2 85
Decrease in cash and cash equivalents (135) (899)
Cash and cash equivalents, beginning of year 310 1,209
Cash and cash equivalents, end of year 175 310
Supplemental disclosures of cash flow information:    
Interest paid 88 122
Income taxes paid 2 2
Supplemental disclosures of non-cash investing and financing activities:    
Purchase of property and equipment under capital lease 32 0
Accretion of redeemable common stock $ 20 $ 340