XML 29 R6.htm IDEA: XBRL DOCUMENT v2.4.1.9
CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Cash flows from operating activities    
Net loss $ (876)us-gaap_NetIncomeLoss $ (9,607)us-gaap_NetIncomeLoss
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 190us-gaap_DepreciationDepletionAndAmortization 232us-gaap_DepreciationDepletionAndAmortization
Amortization of intangible assets 27us-gaap_DepreciationAndAmortization   
Provision for inventory obsolescence (77)us-gaap_InventoryWriteDown 53us-gaap_InventoryWriteDown
Gain on disposal of property and equipment, net    4us-gaap_GainLossOnDispositionOfAssets
Stock-based compensation 118us-gaap_ShareBasedCompensation 82us-gaap_ShareBasedCompensation
Non cash other income - warrants (1,444)us-gaap_OtherNoncashIncome 9,599us-gaap_OtherNoncashIncome
Provision (benefit) for deferred taxes    34us-gaap_OtherNoncashIncomeTaxExpense
Changes in current assets and liabilities:    
Trade receivables 594us-gaap_IncreaseDecreaseInAccountsReceivable (245)us-gaap_IncreaseDecreaseInAccountsReceivable
Prepaid expenses (207)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets (437)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
Inventories (327)us-gaap_IncreaseDecreaseInInventories 95us-gaap_IncreaseDecreaseInInventories
Deposits and other assets (99)us-gaap_IncreaseDecreaseInDeposits (203)us-gaap_IncreaseDecreaseInDeposits
Accounts payable 323us-gaap_IncreaseDecreaseInAccountsPayable (29)us-gaap_IncreaseDecreaseInAccountsPayable
Litigation settlement liability    (441)BVX_IncreaseDecreaseInLitigationSettlementLiability
Accrued and other liabilities (13)us-gaap_IncreaseDecreaseInAccruedLiabilities (186)us-gaap_IncreaseDecreaseInAccruedLiabilities
Net cash used in operating activities (1,791)us-gaap_NetCashProvidedByUsedInOperatingActivities (1,049)us-gaap_NetCashProvidedByUsedInOperatingActivities
Cash flows from investing activities    
Purchases of property and equipment (254)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (75)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Net cash used in investing activities (254)us-gaap_NetCashProvidedByUsedInInvestingActivities (75)us-gaap_NetCashProvidedByUsedInInvestingActivities
Cash flows from financing activities    
Proceeds from stock options/warrants exercised 177us-gaap_ProceedsFromStockOptionsExercised   
Change in restricted cash 60us-gaap_IncreaseDecreaseInRestrictedCash   
Change in mortgage note payable (60)us-gaap_RepaymentsOfLongTermDebt 3,592us-gaap_RepaymentsOfLongTermDebt
Proceeds from issuance of common shares, net 11,531us-gaap_ProceedsFromIssuanceOfCommonStock   
Repayment of industrial revenue bonds    (3,257)BVX_RepaymentOfIndustrialRevenueBonds
Repurchase of warrants    (421)us-gaap_PaymentsForRepurchaseOfWarrants
Net cash provided by (used in) financing activities 11,708us-gaap_NetCashProvidedByUsedInFinancingActivities (86)us-gaap_NetCashProvidedByUsedInFinancingActivities
Net change in cash and cash equivalents 9,663us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease (1,210)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents, beginning of period 5,733us-gaap_CashAndCashEquivalentsAtCarryingValue 7,924us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents, end of period 15,396us-gaap_CashAndCashEquivalentsAtCarryingValue 6,714us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash paid during the three months ended March 31, 2015 and 2014 for:    
Interest paid, net 40us-gaap_InterestPaid 28us-gaap_InterestPaid
Income taxes