Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
 3 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Cash Flows from Operating Activities:    
Net loss $ (7,775) $ (2,896)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 740 832
Amortization of deferred financing costs 18 48
Provision for allowance for doubtful accounts 637 23
Inventory write-down 313 284
Provision for warranty expenses 1,639 1,402
Loss on disposal of equipment 2  
Stock-based compensation 338 420
Change in fair value of warrant liability (149) (5,626)
Changes in operating assets and liabilities:    
Accounts receivable (514) (637)
Inventories (2,671) (3,434)
Prepaid expenses and other current assets 478 277
Accounts payable and accrued expenses 453 (3,367)
Accrued salaries and wages and long term liabilities 402 380
Accrued warranty reserve (812) (799)
Deferred revenue (125) 745
Net cash used in operating activities (7,026) (12,348)
Cash Flows from Investing Activities:    
Acquisition of and deposits on equipment and leasehold improvements (271) (312)
Changes in restricted cash   1,250
Net cash provided by (used in) investing activities (271) 938
Cash Flows from Financing Activities:    
Net proceeds from (repayment of) revolving credit facility 2,579 (686)
Repayment of notes payable and capital lease obligations (98) (186)
Net cash used in employee stock-based transactions (19) (35)
Proceeds from exercise of common stock warrants   966
Net cash provided by financing activities 2,462 59
Net decrease in Cash and Cash Equivalents (4,835) (11,351)
Cash and Cash Equivalents, Beginning of Period 49,952 33,456
Cash and Cash Equivalents, End of Period 45,117 22,105
Cash paid during the period for:    
Interest 184 54
Income taxes 272  
Supplemental Disclosures of Non-Cash Information:    
Fixed asset purchases included in accounts payable $ 128 $ 70