XML 57 R6.htm IDEA: XBRL DOCUMENT v2.4.1.9
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Operating activities:      
Net loss $ (10,977)us-gaap_NetIncomeLoss $ (27,935)us-gaap_NetIncomeLoss $ (9,701)us-gaap_NetIncomeLoss
Adjustments to reconcile net loss to net cash used in operating activities:      
Bad debt expense 603us-gaap_ProvisionForDoubtfulAccounts 517us-gaap_ProvisionForDoubtfulAccounts 587us-gaap_ProvisionForDoubtfulAccounts
Provision for excess and obsolete inventories 1,173us-gaap_InventoryWriteDown 641us-gaap_InventoryWriteDown 1,565us-gaap_InventoryWriteDown
Depreciation and amortization 4,682us-gaap_DepreciationDepletionAndAmortization 4,024us-gaap_DepreciationDepletionAndAmortization 3,133us-gaap_DepreciationDepletionAndAmortization
Stock-based compensation 5,225us-gaap_ShareBasedCompensation 1,269us-gaap_ShareBasedCompensation 295us-gaap_ShareBasedCompensation
Accretion related to warrants and discounts on long-term debt 20ldrh_AccretionfromIssuanceofwarrantsandDebtDiscount 6,900ldrh_AccretionfromIssuanceofwarrantsandDebtDiscount 1,404ldrh_AccretionfromIssuanceofwarrantsandDebtDiscount
Change in fair value of common stock warrants 0us-gaap_FairValueAdjustmentOfWarrants 5,593us-gaap_FairValueAdjustmentOfWarrants 1,643us-gaap_FairValueAdjustmentOfWarrants
Beneficial conversion related to promissory notes 0ldrh_ExpenseRelatedtoBeneficialConversionofPromissoryNotes 7,413ldrh_ExpenseRelatedtoBeneficialConversionofPromissoryNotes 0ldrh_ExpenseRelatedtoBeneficialConversionofPromissoryNotes
Deferred income tax expense 278us-gaap_DeferredIncomeTaxExpenseBenefit 37us-gaap_DeferredIncomeTaxExpenseBenefit (250)us-gaap_DeferredIncomeTaxExpenseBenefit
Loss on disposal of assets 246us-gaap_GainLossOnDispositionOfAssets1 57us-gaap_GainLossOnDispositionOfAssets1 163us-gaap_GainLossOnDispositionOfAssets1
Unrealized foreign currency (gain) loss (389)us-gaap_ForeignCurrencyTransactionGainLossUnrealized 713us-gaap_ForeignCurrencyTransactionGainLossUnrealized 817us-gaap_ForeignCurrencyTransactionGainLossUnrealized
Changes in operating assets and liabilities:      
Cash restricted for line of credit agreement 2,000us-gaap_IncreaseDecreaseInRestrictedCash 0us-gaap_IncreaseDecreaseInRestrictedCash (1,000)us-gaap_IncreaseDecreaseInRestrictedCash
Accounts receivable (5,557)us-gaap_IncreaseDecreaseInAccountsReceivable (6,313)us-gaap_IncreaseDecreaseInAccountsReceivable (3,114)us-gaap_IncreaseDecreaseInAccountsReceivable
Prepaid expenses and other current assets (474)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets (2,141)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets 660us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
Inventory (10,059)us-gaap_IncreaseDecreaseInInventories (1,231)us-gaap_IncreaseDecreaseInInventories (5,504)us-gaap_IncreaseDecreaseInInventories
Other assets (15)us-gaap_IncreaseDecreaseInOtherOperatingAssets 215us-gaap_IncreaseDecreaseInOtherOperatingAssets 99us-gaap_IncreaseDecreaseInOtherOperatingAssets
Accounts payable 1,008us-gaap_IncreaseDecreaseInAccountsPayable (190)us-gaap_IncreaseDecreaseInAccountsPayable 2,027us-gaap_IncreaseDecreaseInAccountsPayable
Accrued expenses 2,815us-gaap_IncreaseDecreaseInAccruedLiabilities 4,505us-gaap_IncreaseDecreaseInAccruedLiabilities 1,921us-gaap_IncreaseDecreaseInAccruedLiabilities
Other long-term liabilities 0us-gaap_IncreaseDecreaseInOtherNoncurrentLiabilities (50)us-gaap_IncreaseDecreaseInOtherNoncurrentLiabilities 892us-gaap_IncreaseDecreaseInOtherNoncurrentLiabilities
Net cash used in operating activities (9,421)us-gaap_NetCashProvidedByUsedInOperatingActivities (5,976)us-gaap_NetCashProvidedByUsedInOperatingActivities (4,363)us-gaap_NetCashProvidedByUsedInOperatingActivities
Investing activities:      
Proceeds from sale of property and equipment 19us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment 54us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment 50us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment
Purchase of intangible assets (626)us-gaap_PaymentsToAcquireIntangibleAssets (780)us-gaap_PaymentsToAcquireIntangibleAssets (675)us-gaap_PaymentsToAcquireIntangibleAssets
Purchase of property and equipment (11,229)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (3,757)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (5,245)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Net cash used in investing activities (11,836)us-gaap_NetCashProvidedByUsedInInvestingActivities (4,483)us-gaap_NetCashProvidedByUsedInInvestingActivities (5,870)us-gaap_NetCashProvidedByUsedInInvestingActivities
Financing activities:      
Proceeds from issuance of common stock 36,628us-gaap_ProceedsFromIssuanceOfCommonStock 86,250us-gaap_ProceedsFromIssuanceOfCommonStock 71us-gaap_ProceedsFromIssuanceOfCommonStock
Stock issuance costs (2,634)us-gaap_PaymentsOfStockIssuanceCosts (8,744)us-gaap_PaymentsOfStockIssuanceCosts 0us-gaap_PaymentsOfStockIssuanceCosts
Exercise of stock options 2,363us-gaap_ProceedsFromStockOptionsExercised 235us-gaap_ProceedsFromStockOptionsExercised 132us-gaap_ProceedsFromStockOptionsExercised
Proceeds from Employee Stock Purchase Plan 95us-gaap_ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions 976us-gaap_ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions 0us-gaap_ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
Proceeds from issuance of common stock under Employee Stock Purchase Plan 2,148us-gaap_ProceedsFromStockPlans 0us-gaap_ProceedsFromStockPlans 0us-gaap_ProceedsFromStockPlans
Purchase of treasury stock (8)us-gaap_PaymentsForRepurchaseOfCommonStock 0us-gaap_PaymentsForRepurchaseOfCommonStock 0us-gaap_PaymentsForRepurchaseOfCommonStock
Dividends on Series C Preferred Stock 0us-gaap_PaymentsOfDividendsPreferredStockAndPreferenceStock (17,143)us-gaap_PaymentsOfDividendsPreferredStockAndPreferenceStock 0us-gaap_PaymentsOfDividendsPreferredStockAndPreferenceStock
Proceeds from exercise of common stock warrants 0us-gaap_ProceedsFromWarrantExercises 4us-gaap_ProceedsFromWarrantExercises 0us-gaap_ProceedsFromWarrantExercises
Payments on capital leases (42)us-gaap_RepaymentsOfLongTermCapitalLeaseObligations (22)us-gaap_RepaymentsOfLongTermCapitalLeaseObligations (163)us-gaap_RepaymentsOfLongTermCapitalLeaseObligations
Net proceeds (payments) on short-term financings 2,035us-gaap_ProceedsFromRepaymentsOfShortTermDebt 759us-gaap_ProceedsFromRepaymentsOfShortTermDebt 551us-gaap_ProceedsFromRepaymentsOfShortTermDebt
Proceeds from line of credit 0us-gaap_ProceedsFromLongTermLinesOfCredit 376us-gaap_ProceedsFromLongTermLinesOfCredit 11,767us-gaap_ProceedsFromLongTermLinesOfCredit
Payments on line of credit 0us-gaap_RepaymentsOfLongTermLinesOfCredit (1,209)us-gaap_RepaymentsOfLongTermLinesOfCredit 0us-gaap_RepaymentsOfLongTermLinesOfCredit
Proceeds from long-term debt 0us-gaap_ProceedsFromIssuanceOfLongTermDebt 0us-gaap_ProceedsFromIssuanceOfLongTermDebt 16,311us-gaap_ProceedsFromIssuanceOfLongTermDebt
Payments on long-term debt (1,710)us-gaap_RepaymentsOfLongTermDebt (13,711)us-gaap_RepaymentsOfLongTermDebt (4,603)us-gaap_RepaymentsOfLongTermDebt
Debt issuance costs 0us-gaap_PaymentsOfDebtIssuanceCosts 0us-gaap_PaymentsOfDebtIssuanceCosts (198)us-gaap_PaymentsOfDebtIssuanceCosts
Net cash provided by financing activities 38,875us-gaap_NetCashProvidedByUsedInFinancingActivities 47,771us-gaap_NetCashProvidedByUsedInFinancingActivities 23,868us-gaap_NetCashProvidedByUsedInFinancingActivities
Effect of exchange rate on cash (413)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents 231us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents (99)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents
Net change in cash and cash equivalents 17,205us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 37,543us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 13,536us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents, beginning of period 56,678us-gaap_CashAndCashEquivalentsAtCarryingValue 19,135us-gaap_CashAndCashEquivalentsAtCarryingValue 5,599us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents, end of period 73,883us-gaap_CashAndCashEquivalentsAtCarryingValue 56,678us-gaap_CashAndCashEquivalentsAtCarryingValue 19,135us-gaap_CashAndCashEquivalentsAtCarryingValue
Supplemental disclosure of interest and income taxes paid      
Cash paid for interest 953us-gaap_InterestPaid 2,234us-gaap_InterestPaid 2,246us-gaap_InterestPaid
Cash paid for taxes 974us-gaap_IncomeTaxesPaid 1,599us-gaap_IncomeTaxesPaid 1,414us-gaap_IncomeTaxesPaid
Supplemental disclosure of non-cash investing and financing activities      
Increase (decrease) in property and equipment in accounts payable (396)us-gaap_CapitalExpendituresIncurredButNotYetPaid 206us-gaap_CapitalExpendituresIncurredButNotYetPaid 351us-gaap_CapitalExpendituresIncurredButNotYetPaid
Capital lease related to purchase of fixed assets 50us-gaap_NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1 0us-gaap_NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1 0us-gaap_NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
Reclass warrants to equity 0ldrh_ReclassificationofWarrantLiability (9,760)ldrh_ReclassificationofWarrantLiability 0ldrh_ReclassificationofWarrantLiability
Conversion of notes and accrued interest to common stock $ 0us-gaap_ProceedsFromConvertibleDebt $ 14,470us-gaap_ProceedsFromConvertibleDebt $ 0us-gaap_ProceedsFromConvertibleDebt