XML 60 R5.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (18,895) $ (3,093)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation expense 110  
Deferred occupancy costs 266 (4)
Bad debt provision 480 39
Amortization of discount on preferred stock 205 155
Depreciation and amortization 1,851 2,138
Non-cash interest expense 2,029  
Intangible impairment 6,190  
Loss on abandoned leasehold improvements 402  
Changes in operating assets and liabilities:    
Accounts receivable 3,054 140
Inventories 188 (707)
Prepaid expenses and other assets 692 (1,811)
Accounts payable 1,280 748
Accrued abandoned leases costs 1,620  
Accrued liabilities (270) (831)
Net cash used in operating activities (798) (3,226)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures (1,265) (1,123)
Net cash used in investing activities (1,265) (1,123)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Issuance of convertible note 2,000  
Capital lease payments (415) (211)
Revolving credit agreement repayments, net (913) (2,841)
Redemption of preferred stock   (3,500)
Deferred financing costs (107)  
Net cash (used in) provided by financing activities 565 (6,552)
NET DECREASE IN CASH AND CASH EQUIVALENTS (1,498) (10,901)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 1,784 12,390
CASH AND CASH EQUIVALENTS, END OF PERIOD 286 1,489
Cash paid during the period for:    
Interest expense 248 907
Non-cash investing and financing activities:    
Extinguishment of convertible preferred stock   19,366
Capital lease to finance equipment 91  
Issuance of preferred stock in lieu of dividends $ 1,792