XML 62 R7.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Cash flows from operating activities    
Net income (loss) $ (9,849) $ (10,190)
Adjustments to reconcile net income (loss) to net cash used in operating activities    
Depreciation and amortization 125 69
Amortization of debt discount and debt issuance costs 217 15
Stock based compensation 616 608
Change in fair value of derivative liabilities 4,776 4,712
Reduction in accounts payable from expiration of statute of limitations (440) (336)
Warrants issued in lieu of cash as compensation for services 108 27
Change in assets and liabilities    
Accounts receivable 26 20
Inventory (243) (217)
Other assets (50) (20)
Accounts payable (130) (8)
Accrued expenses (116) (737)
Deferred revenue 102 494
Pension obligation 7 10
Total adjustments 4,998 4,637
Net cash used in operating activities (4,851) (5,553)
Cash flows from investing activities    
Purchase of property and equipment (193) (181)
Net cash used in investing activities (193) (181)
Cash flows from financing activities    
Repayment of notes payable    (45)
Proceeds from exercise of stock options 11 7
Dividends paid (51) (229)
Proceeds from exercised stock purchase warrants 3,291 3,527
Net cash provided by financing activities 3,251 3,260
Effect of exchange rate changes on cash and cash equivalents (69) (74)
Net increase (decrease) in cash and cash equivalents (1,862) (2,548)
Cash and cash equivalents at beginning of year 4,225 6,773
Cash and cash equivalents at end of year 2,363 4,225
Supplemental disclosure of cash flow information:    
Cash paid for interest      
Cash paid for income taxes 1   
Summary of non-cash investing and financing activities:    
Conversion of related party notes payable into common stock 10   
Warrants issued for intangible asset purchase    87
Contingent royalty payment    72
Acquisition of intangible assets with warrants    (159)
Issuance of common stock pursuant to cashless warrant exercises 45 704
Additional minimum pension liability (622)   
Reclassification of warrants previously classified as derivative liabilities to additional paid-in capital 6,684 13,588
Issuance of common warrants securing line of credit borrowing facility 580   
Issuance of restricted stock pursuant to achievement of vesting conditions $ 1