Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.5.0.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 6 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Cash flows from operating activities    
Net loss $ (4,517,000) $ (4,103,000)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 118,000 122,000
Stock-based compensation 817,000 904,000
Service provider expenses settled with common stock 0 107,000
Gain due to change in fair value of derivative liabilities 0 (6,000)
Foreign currency transaction gains (16,000) (42,000)
Changes in operating assets and liabilities:    
Accounts receivable, net (134,000) (1,158,000)
Due from affiliate 0 0
Inventories, net (565,000) (352,000)
Prepaid expenses and other current assets 661,000 115,000
Accounts payable (22,000) 273,000
Accrued expenses and other current liabilities (382,000) 366,000
Deferred revenue 39,000 (559,000)
Net cash used in operating activities (4,001,000) (4,333,000)
Cash flows from investing activities:    
Purchases of property and equipment (64,000) (229,000)
Proceeds from sale of long-term investment 0 4,538,000
Long-term deposits 5,000 (9,000)
Net cash (used in) provided by investing activities (59,000) 4,300,000
Cash flows from financing activities:    
Proceeds from issuance of common stock, net of offering costs 0 2,000,000
Proceeds from exercise of common stock purchase warrants 0 14,000
Principal payments on long-term debt (100,000) (87,000)
Net cash (used in) provided by financing activities (100,000) 1,927,000
Effect of exchange rate on cash and cash equivalents (55,000) (56,000)
Net (decrease) increase in cash and cash equivalents (4,215,000) 1,838,000
Cash and cash equivalents, beginning of period 7,469,000 6,136,000
Cash and cash equivalents, end of period 3,254,000 7,974,000
Supplemental disclosure of cash flow information:    
Cash paid for interest 2,000 1,000
Non-cash operating and financing activities:    
Issuance of common stock to settle obligation $ 0 $ 96,000