v3.21.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash flows from operating activities    
Net income (loss) $ (1,098) $ 240
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Depreciation and amortization 48 53
Stock-based compensation 59 63
Gain on sale of assets 0 (872)
Changes in operating assets and liabilities:    
Accounts receivable (112) (278)
Inventories (9) (1,945)
Deferred consideration 39 31
Prepaid expenses and other current assets (214) (200)
Operating lease right-of-use assets 67 49
Accounts payable 28 1,660
Accrued expenses and other current liabilities 40 (947)
Withholding tax payable 92 0
Operating lease liabilities (66) (46)
Deferred revenue (97) (99)
Net cash used in operating activities (1,223) (2,291)
Cash flows from investing activities:    
Purchases of property and equipment (49) (52)
Deposits 0 (4)
Proceeds from sale of assets 0 610
Net cash (used in) provided by investing activities (49) 554
Cash flows from financing activities:    
Payment on ATM agreement offering (10) 0
Proceeds from exercise of common stock purchase warrants 0 1,490
Proceeds from PPP Loan 0 1,310
Principal payments on long-term debt (199) (216)
Net cash (used in) provided by financing activities (209) 2,584
Effect of exchange rate on cash and cash equivalents 72 13
Net (decrease) increase in cash and cash equivalents (1,409) 860
Cash and cash equivalents, beginning of period 4,220 3,691
Cash and cash equivalents, end of period 2,811 4,551
Supplemental disclosure of cash flow information:    
Cash paid for interest $ 4 $ 2

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