XML 16 R5.htm IDEA: XBRL DOCUMENT v3.5.0.2
CONDENSED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Cash flows from operating activities:    
Net (loss) $ (1,127) $ (1,221)
Adjustments to reconcile net (loss) to cash provided (used) by operations:    
Issuance of common stock and options under equity compensation plans 60 74
Depreciation and amortization expense 94 81
Bad debt (recovery) expense (6) (2)
Fair value remeasurement of derivative warrant liability 446 264
Accretion of debt associated with sale of intellectual property (11) (12)
SMG intellectual property royalty and branding license 106 84
Change in operating assets and liabilities:    
Decrease in accounts receivable 564 450
Decrease in other receivable 84 74
Decrease in inventory 457 454
(Increase) in prepaid expense and other (189) (170)
Decrease in deposits 50 0
(Decrease) in accounts payable (192) (440)
(Decrease) in accrued expenses (164) (50)
Increase in accrued interest-related party 4 0
(Decrease) in customer deposits (106) (23)
(Decrease) in deferred rent (1) 1
Net cash provided (used) by operating activities 69 (436)
Cash flows from investing activities:    
Purchases of equipment (7) (108)
Net cash (used) by investing activities (7) (108)
Cash flows from financing activities:    
Repayment of notes payable-related party (1,000) 0
Net cash (used) by financing activities (1,000) 0
Net (decrease) in cash (938) (544)
Cash, beginning of period 1,401 1,015
Cash, end of period 463 471
Cash paid during the year for:    
Interest 0 0
Income taxes 0 0
Supplemental disclosure of non-cash investing and financing activities:    
Common stock issued for interest on notes payable – related party 297 207
Change in fair value of SMG intellectual property royalty and branding license 391 68
Change in fair value of stock dividends accrued on convertible preferred stock $ 194 $ (54)