XML 22 R7.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
CASH FLOWS FROM OPERATING ACTIVITIES    
Net earnings (loss) $ (43) $ 1,257
Adjustments to reconcile net earnings (loss) to net cash used in operating activities:    
Depreciation and amortization 218 104
Foreign exchange gain (9) (9)
Amortization of deferred compensation related to restricted stock 27 48
(Gain) loss on sale of property and equipment 3 (40)
Proceeds from sale of demonstration equipment, net of gain 52  
Deferred income tax expense (benefit) (6) 31
Changes in assets and liabilities:    
Trade accounts receivable (574) (2,576)
Inventories (37) (504)
Prepaid expenses and other current assets   133
Other assets (17) (5)
Accounts payable 833 653
Accrued wages and benefits (576) (492)
Accrued sales commissions (58) 56
Accrued rent 9 110
Accrued professional fees (81) (16)
Accrued warranty 3 23
Customer deposits (7) 233
Other current liabilities 196 (150)
Deferred rent   (29)
Net cash used in operating activities (67) (1,173)
CASH FLOWS FROM INVESTING ACTIVITIES    
Acquisition of business (3,821)  
Purchase of property and equipment   (574)
Proceeds from sale of property and equipment   40
Net cash used in investing activitites (3,821) (534)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from stock options exercised   30
Net cash provided by financing activities   30
Effects of exchange rates on cash 32 30
Net cash used in all activities (3,856) (1,647)
Cash and cash equivalents at beginning of period 13,957 6,895
Cash and cash equivalents at end of period 10,101 5,248
Cash payments for:    
Domestic and foreign income taxes 27 26
Interest 4  
Details of acquisition:    
Fair value of assets acquired 3,916  
Liabilities assumed (274)  
Goodwill resulting from acquisition 179  
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Forfeiture of non-vested shares of restricted stock   (20)
Business Acquisition [Member]
   
CASH FLOWS FROM INVESTING ACTIVITIES    
Acquisition of business $ 3,821