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 ($)
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash flows from operating activities:    
Net loss $ (8,896,000) $ (7,628,000)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 340,000 398,000
Impairment of fixed assets 318,000
Stock-based compensation 788,000 1,027,000
(Gain) on revaluation of derivative liabilities (3,124,000)
Amortization of debt discount and deferred financing fees 4,050,000 2,483,000
Expense related to modification of convertible debt 1,429,000
Loss on debt conversions 53,000
Loss on asset disposal 151,000
Changes in assets and liabilities:    
Restricted cash 50,000 150,000
Accounts and other receivables (99,000) (57,000)
Prepaid expenses and other current assets 56,000 (136,000)
Inventory (271,000) (1,791,000)
Deferred revenues, net 1,551,000 949,000
Deposits 5,000
Accounts payable and other current liabilities 548,000 559,000
Cash used in operating activities (1,674,000) (5,423,000)
Cash flows from investing activities:    
Purchases of property and equipment (655,000)
Proceeds from sale of assets 67,000
Net cash provided by (used in) investing activities 67,000 (655,000)
Cash flows from financing activities:    
Proceeds from issuance of common stock, net 2,883,000
Proceeds from note payable, net 500,000 1,230,000
Repayment of capital leases payable (9,000) (20,000)
Cash provided by financing activities 491,000 4,093,000
Net decrease in cash and cash equivalents (1,116,000) (1,985,000)
Cash and cash equivalents at beginning of period 1,310,000 2,605,000
Cash and cash equivalents at end of period 194,000 620,000
Cash paid during the period for:    
Income taxes
Interest 75,000 639,000
Supplemental disclosure of non-cash activities:    
Capital lease for purchase of equipment 25,000 2,000
Debt discount and derivative liabilities recorded upon issuance of notes 1,497,000
Debt discount recorded upon issuance of notes 103,000
Debt discount and derivative liabilities recorded for amendments of warrants 148,000
Conversion of senior convertible notes into common shares 60,000
Reclassification of warrants recorded as derivative liabilities to paid-in capital 1,719,000
Debt discount recorded for amendments of warrants 206,000
Debt discount and derivative liabilities recorded upon issuance of convertible Junior notes 282,000
Debt discount recorded for detachable warrants issued with notes 271,000
Debt discount recorded for issuance of warrants $ 73,000