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
 3 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Cash Flows from Operating Activities:    
Net loss $ (5,975) $ (6,771)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 365 456
Amortization of deferred financing costs 42 56
Accounts receivable allowances   76
Inventory provision 349 321
Provision for warranty expenses 428 623
Loss on disposal of equipment 8 6
Stock-based compensation 463 687
Changes in operating assets and liabilities:    
Accounts receivable (2,866) 3,733
Inventories (1,424) (4,700)
Prepaid expenses and other current assets 195 131
Accounts payable and accrued expenses 1,253 (2,881)
Accrued salaries and wages and long term liabilities 614 432
Accrued warranty reserve (574) (695)
Deferred revenue 261 (553)
Net cash used in operating activities (6,861) (9,079)
Cash Flows from Investing Activities:    
Expenditures for property and equipment (915) (247)
Net cash used in investing activities (915) (247)
Cash Flows from Financing Activities:    
Net proceeds from (repayments of) revolving credit facility 3,202 (1,276)
Changes in restricted cash (5,000)  
Repayment of notes payable and capital lease obligations (191) (206)
Net cash used in employee stock-based transactions (41) (128)
Net proceeds from issuance of common stock   29,772
Net cash (used in) provided by financing activities (2,030) 28,162
Net (decrease) increase in Cash and Cash Equivalents (9,806) 18,836
Cash and Cash Equivalents, Beginning of Period 32,221 27,859
Cash and Cash Equivalents, End of Period 22,415 46,695
Cash paid during the year for:    
Interest 98 100
Income taxes 3 $ 68
Supplemental Disclosures of Non-Cash Information:    
Acquisition of property and equipment through accounts payable 156  
Acquisition of property and equipment in consideration for the issuance of a note payable $ 81