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
 9 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Cash Flows from Operating Activities:    
Net loss $ (12,875) $ (18,433)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 1,806 2,208
Amortization of deferred financing costs 167 92
Provision for allowance for doubtful accounts 193 518
Inventory provision 826 926
Provision for warranty expenses 3,377 4,438
Loss on disposal of equipment   2
Stock-based compensation 1,664 1,177
Change in fair value of warrant liability (10) (755)
Changes in operating assets and liabilities:    
Accounts receivable (4,298) (1,240)
Inventories (4,142) (4,084)
Prepaid expenses and other current assets 371 (193)
Accounts payable and accrued expenses 4,854 1,573
Accrued salaries and wages and long term liabilities (239) 290
Accrued warranty reserve (2,911) (3,554)
Deferred revenue (444) 3,560
Net cash used in operating activities (11,661) (13,475)
Cash Flows from Investing Activities:    
Expenditures for property and equipment (783) (876)
Net cash used in investing activities (783) (876)
Cash Flows from Financing Activities:    
Net (repayments of) proceeds from revolving credit facility (272) 2,390
Repayment of notes payable and capital lease obligations (393) (309)
Net cash used in employee stock-based transactions (91) (29)
Proceeds from exercise of common stock warrants 5,954 4,260
Net cash provided by financing activities 5,198 6,312
Net decrease in Cash and Cash Equivalents (7,246) (8,039)
Cash and Cash Equivalents, Beginning of Period 38,817 49,952
Cash and Cash Equivalents, End of Period 31,571 41,913
Cash paid during the period for:    
Interest 380 440
Income taxes 72 586
Supplemental Disclosures of Non-Cash Information:    
Accrued purchases of property and equipment included in accounts payable 10 16
Insurance contracts financed by notes payable 491 476
Capital expenditure funded by capital lease borrowings $ 158 $ 0