Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Cash flows from operating activities    
Net loss from continuing operations $ (9,565) $ (5,740)
Income from discontinued operations, net of tax 0 17,450
Net loss (9,565) 11,710
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 366 178
Gain on sale of Latin American assets, net of tax 0 (14,906)
Income tax benefit 0 (4,040)
Stock-based compensation 1,530 1,732
Service provider expenses settled with common stock 62 98
Changes in operating assets and liabilities:    
Accounts receivable (500) (118)
Inventories (521) (644)
Prepaid expenses and other current assets (951) 1,104
Accounts payable 151 (205)
Accrued expenses and other current liabilities 174 86
Deferred revenue (137) (467)
Net cash used in operating activities (9,391) (5,472)
Cash flows from investing activities:    
Purchases of property and equipment (178) (195)
Proceeds from sale of Latin American assets, net of costs 0 17,444
Deposits (15) (17)
Net cash (used in) provided by investing activities (193) 17,232
Cash flows from financing activities:    
Proceeds from issuance of common stock, net of offering costs 968 0
Proceeds from exercise of common stock purchase warrants 52 0
Principal payments on capital leases (97) 0
Principal payments on long-term debt (121) (119)
Net cash provided by (used in) financing activities 802 (119)
Effect of exchange rate on cash and cash equivalents (54) (127)
Net (decrease) increase in cash and cash equivalents (8,836) 11,514
Cash and cash equivalents, beginning of period 17,461 7,469
Cash and cash equivalents, end of period 8,625 18,983
Supplemental disclosure of cash flow information:    
Cash paid for interest 31 2
Non-cash operating and financing activities:    
Automobiles financed using capital leases 180 0
Sale to Invekra: Assets acquired and liabilities assumed:    
Restricted cash 0 1,500
Deferred consideration – current, net 0 239
Deferred consideration – long-term, net 0 1,509
Taxes payable 0 (229)
Deferred tax liability 0 (312)
Deferred revenue – current 0 (674)
Deferred revenue – long-term 0 (531)
Total non-cash items $ 0 $ 1,502