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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash flows from operating activities:    
Net loss $ (2,845) $ (127)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 78 84
Amortization 2  
Interest expense - debt discount 587  
Accretion of original issue discount on notes receivable - related party (19)  
Interest expense on extinguishment of demand notes to common stock 13  
Stock-based compensation 752 87
Changes in operating assets and liabilities:    
Accounts receivable 651 4
Inventories 216 256
Prepaid expenses and other current assets 72 53
Other assets (82)  
Accounts payable and accrued expenses (91) (25)
Accounts payable, related parties 100  
Other current liabilities (307) (198)
Net cash (used in) provided by operating activities (873) 134
Cash flows from investing activities:    
Purchase of property and equipment (21) (74)
Investments - related party (1,527)
Related party investment in real property (300)
Investments - others (95)
Loan to third party (489)
Net cash used in investing activities (2,432) (74)
Cash flows from financing activities:    
Gross proceeds from sales of common stock and warrants 300
Proceeds from issuance of preferred stock 1,540
Financing cost in connection with sales of equity securities (275)
Proceeds from convertible notes payable 354
Proceeds from notes payable - related party 350
Proceeds from notes payable 710
Payments on revolving credit facility, net (268)
Net cash provided by financing activities 2,711
Effect of exchange rate on cash and cash equivalents 41 (89)
Net decrease in cash and cash equivalents (553) (29)
Cash and cash equivalents at beginning of period 996 1,241
Cash and cash equivalents at end of period 443 1,212
Supplemental disclosures of cash flow information:    
Cash paid during the period for interest 32
Non-cash investing and financing activities:    
Cancellation of notes payable - related party into shares of common stock 100
Cancellation of notes payable into shares of common stock $ 625
Cancellation of note payable - related party into series B convertible preferred stock 500
In connection with the Company's acquisition of Microphase Corporation, equity instruments were issued and liabilities assumed during 2017 as follows:    
Fair value of assets acquired $ 7,893  
Equity instruments issued (1,451)  
Minority interest (945)  
Liabilities assumed $ 5,497