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, 2018
Mar. 31, 2017
Cash Flows from Operating Activities:    
Net loss $ (10,026) $ (25,244)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 1,170 1,577
Amortization of deferred financing costs 202 173
Reduction in accounts receivable allowances (1,099) (1,525)
Inventory provision 1,420 1,278
Provision for warranty expenses 942 7,052
Loss on disposal of equipment 210 365
Stock-based compensation 586 810
Change in warrant valuation 741 421
Warrant issuance expenses   421
Changes in operating assets and liabilities:    
Accounts receivable 3,222 (1,903)
Inventories (2,595) 1,491
Prepaid expenses and other current assets 10 (117)
Accounts payable and accrued expenses (866) 1,405
Accrued salaries and wages and long term liabilities 9 (87)
Accrued warranty reserve (3,026) (4,925)
Deferred revenue 459 683
Net cash used in operating activities (8,641) (18,546)
Cash Flows from Investing Activities:    
Expenditures for property and equipment (1,752) (204)
Net cash used in investing activities (1,752) (204)
Cash Flows from Financing Activities:    
Net (repayments of) proceeds from revolving credit facility (3,006) 2,074
Repayment of notes payable and capital lease obligations (457) (497)
Cash used in employee stock-based transactions (22) (16)
Net proceeds from issuance of common stock and warrants 13,581 20,188
Net cash provided by financing activities 10,096 21,749
Net (decrease) increase in Cash, Cash Equivalents and Restricted Cash (297) 2,999
Cash, Cash Equivalents and Restricted Cash, Beginning of Year 19,705 16,706
Cash, Cash Equivalents and Restricted Cash, End of Year 19,408 19,705
Cash paid during the period for:    
Interest 414 363
Income taxes 30 24
Supplemental Disclosures of Non-Cash Information:    
Acquisition of property and equipment through accounts payable   45
Renewal of insurance contracts which was financed by notes payable $ 422 $ 503