Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.19.3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 6 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash flows from operating activities    
Net loss $ (488,000) $ (6,278,000)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 144,000 238,000
Stock-based compensation 425,000 932,000
Changes in operating assets and liabilities:    
Accounts receivable (1,283,000) (1,456,000)
Inventories 263,000 (160,000)
Deferred consideration 70,000 0
Prepaid expenses and other current assets (358,000) 169,000
Operating lease rights-of-use assets 256,000 0
Accounts payable 1,052,000 94,000
Accrued expenses and other current liabilities (122,000) (147,000)
Operating lease liabilities (267,000) 0
Deferred revenue 148,000 1,000
Net cash used in operating activities (160,000) (6,607,000)
Cash flows from investing activities:    
Purchases of property and equipment (77,000) (57,000)
Deposits 8,000 (38,000)
Net cash used in investing activities (69,000) (95,000)
Cash flows from financing activities:    
Proceeds from sale of common stock 0 957,000
Proceeds from exercise of common stock purchase warrants 0 0
Principal payments on capital leases (13,000) (72,000)
Principal payments on long-term debt (228,000) (210,000)
Net cash used in financing activities (241,000) 675,000
Effect of exchange rate on cash and cash equivalents 13,000 9,000
Net decrease in cash and cash equivalents (457,000) (6,018,000)
Cash and cash equivalents, beginning of period 3,689,000 10,066,000
Cash and cash equivalents, end of period 3,232,000 4,048,000
Supplemental disclosure of cash flow information:    
Cash paid for interest $ 12,000 $ 19,000