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CLEARONE COMMUNICATIONS, INC. AND SUBSIDIARIES - CONSOLIDATED STATEMENT OF CASH FLOWS (USD $)
In Thousands
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Cash flows from operating activities:    
Net Income (Loss) $ 2,133 $ 570
Adjustments to reconcile net income to net cash provided by operations:    
Depreciation and amortization expense 587 585
Stock-based compensation 83 160
Provision for doubtful accounts 53 88
Write-down of inventory to net realizable value   145
Loss on disposal of assets   111
Changes in operating assets and liabilities:    
Accounts receivable 792 (1,946)
Inventories (840) 2,148
Deferred income taxes 265 (37)
Prepaid expenses and other assets (253) 410
Accounts payable 68 582
Accrued liabilities (1,874) 506
Deferred product revenue (553) 326
Other long-term liabilities 35 (44)
Net cash provided by operating activities 496 3,604
Cash flows from investing activities:    
Escrow proceeds received pursuant to NetStreams acquisition   350
Purchase of property and equipment (248) (542)
Net cash used in investing activities (248) (192)
Cash flows from financing activities:    
Proceeds from the issuance of common stock - options 717  
Principal payments on long-term debt   (2,000)
Net cash provided by (used in) financing activities 717 (2,000)
Net increase in cash and cash equivalents 965 1,412
Cash and cash equivalents at the beginning of the period 11,431 9,494
Cash and cash equivalents at the end of the period 12,396 10,906
Supplemental disclosure of cash flow information:    
Cash paid for interest   61
Cash paid for income taxes 269 3
Supplemental disclosure of non-cash activities:    
Exchanged accounts receivable from a vendor with accounts payable to the same vendor 182 293
Current liabilities reclassed to deferred rent   $ 176