XML 59 R5.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
3 Months Ended
Sep. 30, 2014
Sep. 30, 2013
OPERATING ACTIVITIES:    
Net loss $ (322,000) $ (2,527,000)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 45,000 46,000
Loss on disposal of assets 5,000  
Provision for inventory reserve and adjustments (188,000) (133,000)
Stock based compensation 38,000 4,000
Loss on sale of marketable securities 9,000 0
Changes in operating assets and liabilities:    
Accounts receivable (387,000) 943,000
Receivable from CTS for manufacturing inventories   644,000
Inventories 319,000 (1,050,000)
Prepaid expenses and other current assets (160,000) 63,000
Accounts payable 261,000 149,000
Accrued payroll and related liabilities 19,000 (92,000)
Deferred service revenue (9,000) 334,000
Other accrued liabilities (89,000) (304,000)
Total adjustments (137,000) 604,000
Net cash used in operating activities (459,000) (1,923,000)
INVESTING ACTIVITIES:    
Purchases of equipment (40,000) (86,000)
Proceeds from the sale of marketable securities 1,303,000 1,688,000
Net cash provided by investing activities 1,263,000 1,602,000
NET INCREASE(DECREASE) IN CASH AND CASH EQUIVALENTS 804,000 (321,000)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 5,462,000 1,966,000
CASH AND CASH EQUIVALENTS, END OF PERIOD 6,266,000 1,645,000
SUPPLEMENTAL CASH FLOW DISCLOSURES:    
Income taxes paid $ 0 $ 0