XML 16 R6.htm IDEA: XBRL DOCUMENT v3.3.1.900
Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Cash flows from operating activities:    
Net loss $ (333,000) $ (490,000)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 91,000 111,000
Loss on disposal of fixed assets 0 41,000
Amortization of debt issuance costs 264,000 251,000
Provision for bad debts 3,000 (11,000)
Provision for slow moving and obsolete inventory 108,000 45,000
Share-based payment expense 34,000 139,000
Changes in:    
Accounts receivable 139,000 50,000
Inventory (132,000) 334,000
Prepaid expenses and other current assets 45,000 (13,000)
Accounts payable (37,000) (187,000)
Accrued expenses and other current liabilities 20,000 (203,000)
Wages payable 28,000 31,000
Net cash provided by operating activities 230,000 98,000
Cash flows from investing activities:    
Proceeds from sale of equipment 0 10,000
Purchase of property, plant and equipment (13,000) (51,000)
Patent application costs (8,000) (24,000)
Net cash used in investing activities (21,000) (65,000)
Cash flows from financing activities:    
Proceeds from / (payments on) debt financing (51,000) (215,000)
Deferred finance costs (150,000) (7,000)
Proceeds from lines of credit 6,600,000 6,509,000
Payments on lines of credit (6,802,000) (6,614,000)
Net cash provided by / (used in) financing activities (403,000) (327,000)
Net (decrease) / increase in cash and cash equivalents (194,000) (294,000)
Cash and cash equivalents - beginning of period 352,000 646,000
Cash and cash equivalents - end of period 158,000 352,000
Supplemental disclosures of cash flow information:    
Common shares issued in connection with debt financings 290,000 0
Settlement of debt 1,026,000 0
Cash paid during the year for interest 206,000 241,000
Cash paid for taxes $ 0 $ 0