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
 6 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Cash Flows from Operating Activities:    
Net loss $ (13,300) $ (10,686)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 880 1,261
Amortization of deferred financing costs 112 112
Accounts receivable allowances 3,057 119
Inventory provision 770 572
Provision for warranty expenses 1,510 2,394
Loss on disposal of equipment 4  
Stock-based compensation 1,223 1,184
Change in fair value of warrant liability   (10)
Changes in operating assets and liabilities:    
Accounts receivable 1,746 (580)
Inventories (1,691) (2,617)
Prepaid expenses and other current assets (1,009) 67
Accounts payable and accrued expenses (7,456) 2,624
Accrued salaries and wages and long term liabilities 5 152
Accrued warranty reserve (1,593) (2,311)
Deferred revenue 1,084 (180)
Net cash used in operating activities (14,658) (7,899)
Cash Flows from Investing Activities:    
Expenditures for property and equipment (954) (582)
Net cash used in investing activities (954) (582)
Cash Flows from Financing Activities:    
Net repayment of revolving credit facility (1,032) (1,680)
Repayment of notes payable and capital lease obligations (312) (278)
Net cash provided by (used in) employee stock-based transactions 118 (111)
Net proceeds from issuance of common stock 29,772  
Net cash provided by (used in) financing activities 28,546 (2,069)
Net increase (decrease) in Cash and Cash Equivalents 12,934 (10,550)
Cash and Cash Equivalents, Beginning of Period 27,859 38,817
Cash and Cash Equivalents, End of Period 40,793 28,267
Cash paid during the period for:    
Interest 181 262
Income taxes 79 80
Supplemental Disclosures of Non-Cash Information:    
Acquisition of property and equipment through accounts payable $ 118 $ 58