Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v3.4.0.3
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Cash Flows from Operating Activities:    
Net loss $ (2,616) $ (2,046)
Adjustments to reconcile net loss to net cash generated by (used in) operating activities:    
Depreciation 100 143
Amortization of intangible and other assets 1,210 890
Stock-based compensation 430 534
Change in fair value of contingent consideration 377 406
Change in operating assets and liabilities:    
Decrease in trade accounts receivable, net 5,119 2,916
Decrease in unbilled contract receivable 1,064  
Increase in inventories, net (3,734) (4,604)
Increase in other assets (222) (142)
Decrease in accounts payable, accrued and other liabilities (1,751) (4,770)
Increase (decrease) in accrued compensation and benefits 116 (527)
Net cash generated by (used in) operating activities 93 (7,200)
Cash Flows from Investing Activities:    
Acquisition of business, net of cash acquired   (100)
Purchase of property and equipment (46) (160)
Net cash used in investing activities (46) (260)
Cash Flows from Financing Activities:    
Fees pertaining to issuance of common stock (60) (287)
Repayments of notes payable (60) (120)
Net proceeds from revolving credit facility 1,144 3,469
Net cash provided by financing activities 1,024 3,062
Net increase (decrease) in cash and cash equivalents 1,071 (4,398)
Cash and cash equivalents, beginning of period 219 6,033
Cash and cash equivalents, end of period 1,290 1,635
Supplemental Disclosure of Cash Flow Information:    
Cash paid during period for interest 195 59
Non-cash investing and financing activities:    
Issuance of common stock for contingent consideration $ 167 5,839
Deferred consideration for acquisition   $ 500