Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

v2.4.1.9
Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
 9 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Cash flows from operating activities    
Net loss $ (6,702,000)us-gaap_NetIncomeLoss $ (3,722,000)us-gaap_NetIncomeLoss
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 192,000us-gaap_DepreciationDepletionAndAmortization 211,000us-gaap_DepreciationDepletionAndAmortization
Stock-based compensation 1,354,000us-gaap_ShareBasedCompensation 1,114,000us-gaap_ShareBasedCompensation
Change in fair value of derivative liability (see Note 5) (2,998,000)us-gaap_UnrealizedGainLossOnDerivatives 0us-gaap_UnrealizedGainLossOnDerivatives
Loss due to change in fair value of common stock 0ocls_GainLossDueToChangeInFairValueOfCommonStock (1,357,000)ocls_GainLossDueToChangeInFairValueOfCommonStock
Loss on impairment of investment 4,650,000us-gaap_ImpairmentOfInvestments 0us-gaap_ImpairmentOfInvestments
Non-cash interest expense 0us-gaap_OtherNoncashExpense 863,000us-gaap_OtherNoncashExpense
Foreign currency transaction losses (gains) 6,000us-gaap_ForeignCurrencyTransactionGainLossUnrealized (6,000)us-gaap_ForeignCurrencyTransactionGainLossUnrealized
Gain on disposal of property and equipment (13,000)us-gaap_GainLossOnSaleOfPropertyPlantEquipment 0us-gaap_GainLossOnSaleOfPropertyPlantEquipment
Changes in operating assets and liabilities:    
Accounts receivable, net 255,000us-gaap_IncreaseDecreaseInAccountsReceivable (908,000)us-gaap_IncreaseDecreaseInAccountsReceivable
Due from affiliate 537,000us-gaap_IncreaseDecreaseInDueFromAffiliatesCurrent 0us-gaap_IncreaseDecreaseInDueFromAffiliatesCurrent
Inventories, net (391,000)us-gaap_IncreaseDecreaseInInventories (2,000)us-gaap_IncreaseDecreaseInInventories
Prepaid expenses and other current assets 451,000us-gaap_IncreaseDecreaseInPrepaidExpense 435,000us-gaap_IncreaseDecreaseInPrepaidExpense
Accounts payable 225,000us-gaap_IncreaseDecreaseInAccountsPayable 835,000us-gaap_IncreaseDecreaseInAccountsPayable
Accrued expenses and other liabilities 126,000us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities (52,000)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
Deferred revenue (1,756,000)us-gaap_IncreaseDecreaseInDeferredRevenue (812,000)us-gaap_IncreaseDecreaseInDeferredRevenue
Net cash used in operating activities (4,064,000)us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations (3,401,000)us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
Cash flows from investing activities:    
Purchases of property and equipment (81,000)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (470,000)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Long-term deposits 41,000us-gaap_IncreaseDecreaseInDeposits 42,000us-gaap_IncreaseDecreaseInDeposits
Net cash used in investing activities (40,000)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations (428,000)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
Cash flows from financing activities:    
Proceeds from issuance of common stock, net of offering costs 1,341,000us-gaap_ProceedsFromIssuanceOfCommonStock 2,002,000us-gaap_ProceedsFromIssuanceOfCommonStock
Proceeds from the exercise of common stock options and warrants 0us-gaap_ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions 33,000us-gaap_ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
Deferred offering costs (250,000)ocls_DeferredOfferingCosts1 (1,116,000)ocls_DeferredOfferingCosts1
Principal payments on long-term debt (141,000)us-gaap_RepaymentsOfLongTermDebt (1,524,000)us-gaap_RepaymentsOfLongTermDebt
Net cash provided by (used in) financing activities 950,000us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations (605,000)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
Effect of exchange rate on cash and cash equivalents (86,000)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents (29,000)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents
Net decrease in cash and cash equivalents (3,240,000)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease (4,463,000)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents, beginning of year 5,480,000us-gaap_CashAndCashEquivalentsAtCarryingValue 7,900,000us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents, end of period 2,240,000us-gaap_CashAndCashEquivalentsAtCarryingValue 3,437,000us-gaap_CashAndCashEquivalentsAtCarryingValue
Supplemental disclosure of cash flow information:    
Cash paid for interest $ 4,000us-gaap_InterestPaid $ 193,000us-gaap_InterestPaid