Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash flows from operating activities:    
Net loss $ (6,461,000) $ (6,033,000)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 252,000 266,000
Stock-based compensation 653,000 727,000
(Gain) on revaluation of derivative liabilities (1,554,000)
Amortization of debt discount and deferred financing fees 2,772,000 1,656,000
Expense related to modification of convertible debt 1,429,000
Loss on debt conversions 53,000
Loss on asset disposal 152,000
Changes in assets and liabilities:    
Restricted cash 50,000
Accounts and other receivables (99,000)
Prepaid expenses and other current assets 111,000 (197,000)
Inventory (243,000) (1,023,000)
Deferred revenues, net 1,301,000 123,000
Deposits 5,000
Accounts payable and other current liabilities 204,000 613,000
Cash used in operating activities (1,250,000) (3,993,000)
Cash flows from investing activities:    
Purchases of property and equipment (933,000)
Proceeds from sale of assets 67,000
Net cash provided by (used in) investing activities 67,000 (933,000)
Cash flows from financing activities:    
Proceeds from issuance of common stock, net 2,967,000
Repayment of capital leases payable (6,000) (13,000)
Cash (used in) provided by financing activities (6,000) 2,954,000
Net decrease in cash and cash equivalents (1,189,000) (1,972,000)
Cash and cash equivalents at beginning of period 1,310,000 2,605,000
Cash and cash equivalents at end of period 121,000 633,000
Cash paid during the period for:    
Income taxes
Interest 75,000 428,000
Supplemental disclosure of non-cash activities:    
Capital lease for purchase of equipment 25,000
Debt discount and derivative liabilities recorded upon issuance of warrants
Debt discount and derivative liabilities recorded for amendments of notes 1,497,000
Conversion of senior convertible notes into common shares
Debt discount recorded upon issuance of warrants $ 148,000