XML 16 R6.htm IDEA: XBRL DOCUMENT v3.7.0.1
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 $ (5,276) $ (4,389)
Adjustments to reconcile net loss to net cash used by operating activities:    
Depreciation and amortization 38 70
Amortization of debt issuance costs and beneficial conversion feature 97 37
Reduction in accrued expense from the expiration of statute of limitations 0 (200)
Provision for losses on accounts receivable 15 0
Stock-based compensation 550 565
Gain from sale of trademark 50 0
Change in assets and liabilities    
Accounts receivable (60) 75
Inventory (30) (28)
Other assets (21) (73)
Accounts payable (82) 0
Deferred revenue (438) (434)
Accrued expense 192 (129)
Pension obligation 60 81
Total adjustments 271 (36)
Net cash used in operating activities (5,005) (4,425)
Cash flows from investing activities    
Purchase of property and equipment (1) (44)
Proceeds received from sale of trademark 50 0
Net cash used in investing activities 49 (44)
Cash flows from financing activities    
Proceeds from exercised stock options 227 0
Proceeds from lines of credit, net 3,350 1,500
Dividends paid (25) (25)
Net cash provided by financing activities 3,552 1,475
Effect of exchange rate changes on cash (78) (31)
Net decrease in cash (1,482) (3,025)
Cash at beginning of period 1,586 3,352
Cash at end of period 104 327
Supplemental disclosure of cash flow information:    
Cash paid for interest 0 1
Cash paid for income taxes 0 0
Summary of non-cash investing and financing activities:    
Beneficial conversion feature of convertible related party lines of credit 281 121
Stock dividend on Convertible Redeemable Preferred Stock $ 996 $ 631