Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.3.1.900
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Cash flows from operating activities    
Net loss $ (7,252) $ (6,702)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 182 192
Stock-based compensation 1,459 1,354
Service provider expenses settled with common stock 190 0
Gain due to change in fair value of derivative liabilities (10) (2,998)
Loss on impairment of investment 0 4,650
Foreign currency transaction (gain) loss (42) 6
Gain on disposal of property and equipment 0 (13)
Changes in operating assets and liabilities:    
Accounts receivable, net (1,351) 255
Due from affiliate 0 537
Inventories, net (319) (391)
Prepaid expenses and other current assets (106) 451
Accounts payable 569 225
Accrued expenses and other current liabilities 277 126
Deferred revenue (621) (1,756)
Net cash used in operating activities (7,024) (4,064)
Cash flows from investing activities:    
Purchases of property and equipment (353) (81)
Proceeds from sale of long-term investment 4,538 0
Long-term deposits (5) 41
Net cash provided by investing activities 4,180 (40)
Cash flows from financing activities:    
Proceeds from issuance of common stock, net of offering costs 2,949 1,341
Proceeds from exercise of common stock purchase warrants 14 0
Deferred offering costs 0 (250)
Principal payments on long-term debt (87) (141)
Net cash provided by financing activities 2,876 950
Effect of exchange rate on cash and cash equivalents (55) (86)
Net decrease in cash and cash equivalents (23) (3,240)
Cash and cash equivalents, beginning of period 6,136 5,480
Cash and cash equivalents, end of period 6,113 2,240
Supplemental disclosure of cash flow information:    
Cash paid for interest 0 4
Non-cash operating and financing activities:    
Issuance of common stock to settle obligation $ 96 $ 0