XML 19 R7.htm IDEA: XBRL DOCUMENT v3.7.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Cash flows from operating activities      
Net loss $ (9,527) $ (8,534) $ (7,940)
Adjustments to reconcile net loss to net cash used by operating activities      
Depreciation and amortization 129 164 179
Amortization of debt discounts and debt issuance costs 145 438 426
Stock-based compensation 1,162 960 856
Write down of capitalized labor inventory to net realizable value 281
Reduction in accounts payable and accrued expenses from expiration of statute of limitations (200) (224)
Warrants modified/issued in lieu of cash as compensation for services 80 53
Change in assets and liabilities      
Accounts receivable 62 (83) 35
Inventory 23 589 (411)
Other assets (50) 17 62
Accounts payable 227 (261) 188
Accrued expenses 94 (76) 130
Deferred revenue (13) (768) 165
Pension obligation 37 10 59
Total adjustments 1,616 1,351 1,518
Net cash used by operating activities (7,911) (7,183) (6,422)
Cash flows from investing activities      
Purchase of property and equipment (49) (87) (117)
Net cash used by investing activities (49) (87) (117)
Cash flows from financing activities      
Proceeds from line of credit, net 2,650 400 1,550
Proceeds from exercise of stock options 3 33 67
Proceeds from issuance of preferred stock, net of issuance costs 3,593 9,955
Dividends paid to preferred stockholders (51) (51) (51)
Proceeds from exercised warrants to purchase stock 2,848
Net cash provided by financing activities 6,195 10,337 4,414
Effect of exchange rate changes on cash (1) 67 (20)
Net increase (decrease in cash) (1,766) 3,134 (2,145)
Cash at beginning of year 3,352 218 2,363
Cash at end of year 1,586 3,352 218
Supplemental disclosure of cash flow information:      
Cash paid for interest 1 2
Cash paid for income taxes 1
Summary of non-cash investing and financing activities:      
Conversion of related party notes payable into common stock 85
Conversion of related party notes payable into Series E Preferred 1,978
Beneficial conversion feature of convertible debt 219 146 296
Accrued unpaid dividends on Series E Preferred 240
Stock dividend on Series E Preferred 1,228 774
Stock dividend on Series F Preferred 63 240
Stock dividend on Series G Preferred 5
Issuance of Common Stock pursuant to cashless warrant exercises 1 1 9
Exchange of Common Stock for Series G Preferred 34
Reduction (increase in additional minimum pension liability) (347) 332 (744)
Reclassification of warrants previously classified as derivative liabilities to additional paid-in capital 57
Issuance of common warrants securing line of credit borrowing facility 128
Issuance of restricted stock pursuant to achievement of vesting conditions $ 1