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
 6 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Cash Flows from Operating Activities:    
Net loss $ (10,382) $ (13,857)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 802 785
Amortization of deferred financing costs 86 85
Interest on restricted cash (4)  
Accounts receivable allowances (1,396) (30)
Inventory provision 483 539
Provision for warranty expenses 775 331
Loss on disposal of equipment 170 11
Stock-based compensation 479 848
Changes in operating assets and liabilities:    
Accounts receivable 2,221 (3,014)
Inventories (1,442) (6,170)
Prepaid expenses and other current assets 322 (187)
Accounts payable and accrued expenses (1,156) 2,934
Accrued salaries and wages and long term liabilities (55) (23)
Accrued warranty reserve (1,087) (1,040)
Deferred revenue 153 376
Net cash used in operating activities (10,031) (18,412)
Cash Flows from Investing Activities:    
Expenditures for property and equipment (84) (1,272)
Net cash used in investing activities (84) (1,272)
Cash Flows from Financing Activities:    
Net (repayments of) proceeds from revolving credit facility (3,281) 2,211
Changes in restricted cash   (5,000)
Repayment of notes payable and capital lease obligations (298) (337)
Cash used in employee stock-based transactions (17) (56)
Net proceeds from equity issuances 13,113 1,244
Net cash provided by financing activities 9,517 (1,938)
Net decrease in Cash and Cash Equivalents (598) (21,622)
Cash and Cash Equivalents, Beginning of Year 11,704 32,221
Cash and Cash Equivalents, End of Year 11,106 10,599
Cash paid during the year for:    
Interest 87 243
Income taxes   5
Supplemental Disclosures of Non-Cash Information:    
Acquisition of property and equipment through accounts payable $ 27 $ 139