XML 17 R6.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Cash flows from operating activities    
Net loss $ (8,590) $ (7,858)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation and amortization 12 7
Amortization of debt discount and debt issuance costs    540
Reduction in accounts payable from expiration of statute of limitations (230)   
Change in fair value of derivative liabilities 7,536 7,273
Stock issued in lieu of cash    13
Stock-based compensation 150 77
Change in assets and liabilities    
Accounts receivable, net (28) (41)
Inventory, net (38) (15)
Other assets (59) (13)
Accounts payable (138) (18)
Accrued expenses (223) 4
Deferred revenue 379 65
Billings in excess of costs and estimated earnings on uncompleted contracts    (139)
Pension obligation 13 24
Total adjustments 7,374 7,777
Net cash used in operating activities (1,216) (81)
Cash flows from investing activities    
Purchase of property and equipment (77) (1)
Net cash used in investing activities (77) (1)
Cash flows from financing activities    
Proceeds from exercised stock options    4
Proceeds from exercised stock purchase warrants    655
Repayment of notes payable (45)   
Dividends paid (178)   
Net cash (used in) provided by financing activities (223) 659
Effect of exchange rate changes on cash (34) (57)
Net increase (decrease) in cash and cash equivalents (1,550) 520
Cash and cash equivalents at beginning of period 6,773 103
Cash and cash equivalents at end of period 5,223 623
Supplemental disclosure of cash flow information:    
Cash paid for interest      
Cash paid for income taxes      
Summary of non-cash investing and financing activities:    
Reclassification of warrants previously classified as derivative liabilities to additional paid-in capital 13,588   
Issuance of common stock pursuant to cashless warrant exercises