XML 34 R7.htm IDEA: XBRL DOCUMENT v3.4.0.3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Cash flows used in operating activities:    
Net loss $ (3,026) $ (2,934)
Adjustments to reconcile net loss to net cash used in operating activities (see Schedule A) 2,304 1,931
Net cash used in operating activities - continuing operations (722) (1,003)
Net cash used in operating activities - discontinued operations (401) (1,535)
Net cash used in operating activities (1,123) (2,538)
Cash flows provided by (used in) investing activities:    
Acquisitions of property and equipment (24) (80)
Restricted deposits (82) (98)
Release of restricted deposits 818 $ 99
Release of escrow deposits 50
Amounts funded for severance assets (69) $ (91)
Net cash provided by (used in) investing activities – continuing operations $ 693 $ (170)
Net cash used in investing activities - discontinued operations
Net cash provided by (used in) investing activities $ 693 $ (170)
Cash flows provided by (used in) financing activities:    
Short-term credit, net 16 $ 382
Proceeds from loans from directors 375
Repayments of long-term debt (32) $ (32)
Net cash provided by financing activities - continuing operations 359 350
Net cash used in financing activities - discontinued operations (17) (270)
Net cash provided by financing activities 342 $ 80
Effect of exchange rate changes on cash and cash equivalents - continuing operations 3
Effect of exchange rate changes on cash and cash equivalents - discontinued operations 51 $ (59)
Net decrease in cash and cash equivalents (34) (2,687)
Cash and cash equivalents at the beginning of the year - discontinued operations 48 192
Cash and cash equivalents at the beginning of the year - continuing operations 124 4,681
Cash and cash equivalents at the end of the period - discontinued operations 75 142
Cash and cash equivalents at the end of the period - continuing operations 63 2,044
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Loss from discontinued operations. 1,386 1,477
Depreciation and amortization. 72 75
Increase in accrued severance 67 $ 109
Accretion of Leap Tide discount 40
Stock-based compensation 220 $ 208
Deferred taxes 15 (33)
Other 35 10
Change in operating assets and liabilities:    
Decrease (increase) in accounts receivable, unbilled revenue, other current and other assets 54 (223)
Decrease (increase) in inventory (96) 1
Decrease in deferred revenue (1,174) (449)
Increase in accounts payable, accrued payroll, payroll taxes and social benefits, other current liabilities and other liabilities 1,685 756
Adjustments to reconcile net loss to net cash provided by (used in) operating activities, total $ 2,304 $ 1,931