Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows

v3.7.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash flows from operating activities    
Net loss $ (4,175) $ (7,412)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 888 2,094
Change in allowance for doubtful accounts 75 (109)
Amortization of debt discount and debt issuance costs 353 342
Accrued interest 344 1
Stock-based compensation 788 1,223
Restricted shares and warrants compensation for services rendered 76 80
Change in fair value of convertible note embedded derivative liability 1,308 0
Change in fair value of warrant liability 464 0
(Increase) / decrease in assets:    
Accounts receivable (3,656) 1,980
Deposits 0 66
Prepaid expenses and other current assets (72) 89
Increase / (decrease) in liabilities:    
Accounts payable 395 (169)
Accrued license fees and revenue share 1,423 419
Accrued compensation 194 (72)
Other current liabilities 124 372
Other non-current liabilities 67 0
Net cash used in operating activities (1,404) (1,096)
Cash flows from investing activities    
Capital expenditures (374) (472)
Net cash used in investing activities (374) (472)
Cash flows from financing activities    
Proceeds from short-term borrowings 2,250 0
Payment of debt issuance costs (320) (280)
Options exercised 9 2
Net cash provided by (used in) financing activities 1,939 (278)
Effect of exchange rate changes on cash (8) 27
Net change in cash 153 (1,819)
Cash, beginning of period 6,149 11,231
Cash, end of period $ 6,302 $ 9,412