Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

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Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
 3 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Cash flows from operating activities    
Net income (loss) $ 445 $ (2,175)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 73 83
Stock-based compensation 400 812
Change in fair value of derivative liability (1,247) (96)
Non-cash interest expense 150 58
Foreign currency transaction losses 4 9
Changes in operating assets and liabilities:    
Accounts receivable, net (1,218) 51
Inventories, net 91 (22)
Prepaid expenses and other current assets 117 106
Accounts payable (103) 115
Accrued expenses and other liabilities 24 530
Net cash used in operating activities (1,264) (529)
Cash flows from investing activities:    
Changes in long-term deposits (2) (16)
Purchases of property and equipment (31) (62)
Net cash used in investing activities (33) (78)
Cash flows from financing activities:    
Proceeds from the issuance of common stock, net of offering costs 1,925 16
Proceeds from the issuance of convertible preferred stock, net of offering costs 907   
Proceeds from issuance of long-term debt    1,500
Principal payments on long-term debt (467) (257)
Net cash provided by financing activities 2,365 1,259
Effect of exchange rate on cash and cash equivalents (20) 2
Net increase in cash and cash equivalents 1,048 654
Cash and cash equivalents, beginning of period 3,351 4,371
Cash and cash equivalents, end of period 4,399 5,025
Supplemental disclosure of cash flow information:    
Cash paid for interest 138 104
Non-cash investing and financing activities:    
Debt discount in connection with long-term debt    $ 938