Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

 v2.3.0.11
Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands
 3 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Cash flows from operating activities:    
Net loss $ (2,175) $ (2,375)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 83 95
Stock-based compensation 812 968
Change in fair value of derivative liability (96) (88)
Non-cash interest expense 58 24
Foreign currency transaction losses (gains) 9 (35)
Loss on disposal of assets 0 4
Changes in operating assets and liabilities:    
Accounts receivable, net 51 (96)
Inventories, net (22) 12
Prepaid expenses and other current assets 106 171
Accounts payable 115 (146)
Accrued expenses and other liabilities 530 (28)
Net cash used in operating activities (529) (1,494)
Cash flows from investing activities:    
Change in long-term deposits (16) (10)
Purchases of property and equipment (62) (18)
Net cash used in investing activities (78) (28)
Cash flows from financing activities:    
Proceeds from the exercise of common stock options and warrants 16 9
Proceeds from issued debt 1,500 2,000
Principal payments on debt (257) (71)
Net cash provided by financing activities 1,259 1,938
Effect of exchange rate on cash and cash equivalents 2 (7)
Net increase in cash and cash equivalents 654 409
Cash and equivalents, beginning of period 4,371 6,258
Cash and equivalents, end of period 5,025 6,667
Supplemental disclosure of cash flow information:    
Cash paid for interest 104 35
Debt discount in connection with long-term debt $ 938 $ 500