XML 38 R7.htm IDEA: XBRL DOCUMENT v3.3.1.900
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Cash flows from operating activities:      
Net income (loss) $ 8,780 $ (5,845) $ (2,361)
(Loss) income from discontinued operations (691) (1,599) 3,546
Income (loss) from continuing operations 9,471 (4,246) (5,907)
Adjustments to reconcile net income (loss) to net cash used in operating activities:      
Loss on impairment 0 0 608
Depreciation 266 184 615
Stock-based compensation 813 532 201
Settlement of acquisition obligations 0 0 (892)
Provision for doubtful accounts receivable 39 2 (32)
Provision for slow-moving and obsolete inventory 1,464 194 146
Amortization of intangible assets 0 0 0
Amortization of discounts on long-term borrowings and acquisition related liabilities 0 2,815 443
Amortization of loan origination fees 40 140 159
Change in estimate of contingent liabilities 0 0 12
Loss (gain) on dispositions of property and equipment 3 2 6
Change in operating assets and liabilities:      
Accounts receivable, inventories, and other assets (9,674) (4,781) (73)
Accounts payable and accrued liabilities 2,064 4,933 (849)
Deferred revenue (40) 62 (680)
Total adjustments (5,025) 4,083 (336)
Net cash provided by (used in) operating activities 4,446 (163) (6,243)
Cash flows from investing activities:      
Acquisitions of property and equipment (2,242) (194) (174)
Proceeds from the sale of property and equipment 0 130 0
Net cash used in investing activities (2,242) (64) (174)
Cash flows from financing activities:      
Proceeds from warrants exercised 2,503 0 0
Proceeds from issuances of common stock, net 23,574 5,952 0
Proceeds from exercise of stock options and purchases through employee stock purchase plan 346 58 48
Proceeds from other borrowings 0 0 6,124
Payments on other borrowings (13) (223) (304)
Net (repayments) proceeds from credit line borrowings (453) 453 (1,590)
Net cash provided by financing activities 25,957 6,240 4,278
Net cash provided by (used in) continuing operations 28,161 6,013 (2,139)
Cash flows of discontinued operations:      
Operating cash flows, net (691) (604) 3,279
Investing cash flows, net 181 0 (38)
Financing cash flows, net (446) 136 0
Net cash used in discontinued operations (956) (468) 3,241
Net increase in cash and cash equivalents 27,205 5,545 1,102
Cash and cash equivalents, beginning of year 7,435 1,890 788
Cash and cash equivalents, end of year 34,640 7,435 1,890
Classification of cash and cash equivalents:      
Cash and cash equivalents, end of year 7,435 1,890 788
Supplemental information:      
Cash paid in year for interest 84 305 482
Cash paid in year for income taxes 200 0 0
Non-cash investing and financing activities:      
Fully depreciated assets disposed of 106 1,238 2,623
Non-cash charge to write-off of remaining unamortized discount on convertible debt 0 2,287 204
Conversion of subordinated convertible debt $ 0 $ 6,145 $ 1,500