Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash Flows from Operating Activities:    
Net loss $ (23,921) $ (25,191)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 1,577 1,746
Amortization of deferred financing costs 173 172
Accounts receivable allowances (1,525) (1,459)
Inventory provision 1,278 1,925
Provision for warranty expenses 7,052 111
Loss on disposal of equipment 365 27
Stock-based compensation 810 2,570
Change in fair value of warrant liability (1,323)  
Warrant issuance expenses 421  
Changes in operating assets and liabilities:    
Accounts receivable (1,903) 1,021
Inventories 1,491 5,161
Prepaid expenses and other current assets (117) 314
Accounts payable and accrued expenses 1,405 (8,317)
Accrued salaries and wages and long term liabilities (87) (210)
Accrued warranty reserve (4,925) (1,655)
Deferred revenue 683 1,317
Net cash used in operating activities (18,546) (22,468)
Cash Flows from Investing Activities:    
Expenditures for property and equipment (204) (1,513)
Net cash used in investing activities (204) (1,513)
Cash Flows from Financing Activities:    
Net proceeds from (repayments of) revolving credit facility 2,074 (3,494)
Repayment of notes payable and capital lease obligations (497) (697)
Cash used in employee stock-based transactions (16) (91)
Net proceeds from issuance of common stock and warrants 20,188 12,748
Net cash provided by financing activities 21,749 8,466
Net increase (decrease) in Cash, Cash Equivalents and Restricted Cash 2,999 (15,515)
Cash, Cash Equivalents and Restricted Cash, Beginning of Period 16,706 32,221
Cash, Cash Equivalents and Restricted Cash, End of Period 19,705 16,706
Cash paid during the period for:    
Interest 363 473
Income taxes 24 24
Supplemental Disclosures of Non-Cash Information:    
Acquisition of property and equipment through accounts payable 45 28
Renewal of insurance contracts which was financed by notes payable $ 503 477
Acquisition of property and equipment in consideration for the issuance of a note payable   $ 101