Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v2.3.0.15
Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands
 6 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Cash flows from operating activities:    
Net loss $ (3,014) $ (4,024)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 166 185
Stock-based compensation 1,327 1,487
Change in fair value of derivative liability (218) (254)
Non-cash interest expense 175 60
Foreign currency transaction losses 57 4
Changes in operating assets and liabilities:    
Accounts receivable (163) (193)
Inventories (218) (84)
Prepaid expenses and other current assets 256 208
Accounts payable (47) 0
Accrued expenses and other liabilities 211 (111)
Net cash used in operating activities (1,468) (2,722)
Cash flows from investing activities:    
Change in long-term deposits (72) 10
Purchases of property and equipment (102) (63)
Net cash used in investing activities (174) (53)
Cash flows from financing activities:    
Proceeds from the exercise of common stock options and warrants 24 16
Proceeds from issuance of long-term debt 1,500 2,000
Principal payments on long-term debt (575) (148)
Net cash provided by financing activities 949 1,868
Effect of exchange rate on cash and cash equivalents (56) 16
Net decrease in cash and cash equivalents (749) (891)
Cash and equivalents, beginning of period 4,371 6,258
Cash and equivalents, end of period 3,622 5,367
Supplemental disclosure of cash flow information:    
Cash paid for interest 217 87
Equipment financed 0 40
Non-cash financing activities:    
Debt discount in connection with long-term debt $ 1,094 $ 500