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, unless otherwise specified
 3 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Cash flows from operating activities    
Net (loss) income $ (1,712) $ 445
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 65 73
Stock-based compensation 347 400
Change in fair value of derivative liability    (1,247)
Loss due to change in fair value of common stock (See Note 3) 309  
Non-cash interest expense 167 150
Foreign currency transaction gains (2) 4
Changes in operating assets and liabilities:    
Accounts receivable, net (519) (1,218)
Inventories, net 148 91
Prepaid expenses and other current assets 354 117
Accounts payable 224 (103)
Accrued expenses and other liabilities (28) 21
Deferred revenue (410) 3
Net cash used in operating activities (1,057) (1,264)
Cash flows from investing activities:    
Purchases of property and equipment (186) (2)
Long-term deposits 16 (31)
Net cash used in investing activities (170) (33)
Cash flows from financing activities:    
Proceeds from issuance of common stock, net of offering costs    1,925
Proceeds from the issuance of convertible preferred stock, net of offering costs    907
Deferred offering costs (509)   
Principal payments on long-term debt (748) (467)
Net cash (used in) provided by financing activities (1,257) 2,365
Effect of exchange rate on cash and cash equivalents (36) (20)
Net (decrease) increase cash and cash equivalents (2,520) 1,048
Cash and cash equivalents, beginning of year 7,900 3,351
Cash and cash equivalents, end of year 5,380 4,399
Supplemental disclosure of cash flow information:    
Cash paid for interest 83 138
Non-cash operating and financing activities    
Warrants issued as derivative liabilities in connection with registered direct offering   $ 2,347