Cash Flows From Operating Activities | |
Net loss | -2.62M |
Adjustments to reconcile net loss to net cash used in operating activities: | |
Depreciation and amortization | 28K |
Non-cash stock based compensation | 69K |
Increase (decrease) in allowance for doubtful accounts | |
Decrease in allowance for obsolete inventory held for discontinued operations | |
Loss on disposal of equipment | 0 |
Loss on sale of EMS business unit | |
Changes in assets and liabilities: | |
Accounts receivables | 7K |
Refundable income taxes | |
Inventories | 247K |
Prepaid expenses | -42K |
Accounts payable and checks written in excess of bank balances | |
Accrued expenses, including deferred revenue and other short and long term tax liabilities | 108K |
Net cash used in operating activities | -2.21M |
Cash Flows From Investing Activities | |
Purchases of property and equipment | -81K |
Proceeds from sale of property and equipment | |
Sale of inventory from discontinued operations | |
Cash from sale of EMS business unit, net of transaction costs | |
Net cash provided by (used in) investing activities | 2.56M |
Cash flows From Financing Activities | |
Net borrowings (payments) on revolving credit agreement | |
Net principal payments on long-term borrowings, including capital lease obligations | |
Cash received from exercise of stock options | |
Net cash provided by (used in) financing activities | |
Net increase in cash and cash equivalents | 351K |
Cash and cash equivalents | |
Beginning | 390K |
Ending | 741K |
Supplemental Disclosures of Cash Flow Information | |
Cash payments for interest | |
Cash receipts (payments) for income taxes | |
Non-cash reclassification of other tax liability from long-term to short-term | |
Non-cash investing activities | |
Receivable recorded for sale of EMS Busniess unit | |
Accrued transaction costs for sale of EMS business unit |