Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v2.4.0.6
Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
 3 Months Ended
Dec. 31, 2011
Dec. 31, 2010
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (567) $ (1,635)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Provision for obsolete inventory (5) 15
Provision for doubtful accounts 1 37
Depreciation and amortization 112 132
Non-cash interest 0 26
Share based payments 251 276
Amortization of deferred finance fees 232 15
Amortization of debt discount 48 0
Change in deferred tax liability 15 15
Changes in operating assets and liabilities:    
Accounts receivable 83 193
Inventory 5 16
Prepaid expenses and other assets (219) (100)
Accounts payable (812) (575)
Accrued expenses and other current liabilities 1,380 1,029
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES 524 (556)
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures (85) (35)
NET CASH USED IN INVESTING ACTIVITIES (85) (35)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from issuance of senior secured notes payable, net of offering costs 3,260 1,377
Proceeds from non-current line of credit - related party 0 310
Proceeds from sale of preferred stock, net of offering costs 160 0
Payments on non-current line of credit - related party 0 (940)
Payments on senior secured notes payable (2,707) 0
Payments of notes payable (67) (385)
NET CASH PROVIDED BY FINANCING ACTIVITIES 646 362
Effect of exchange rate changes on cash and cash equivalents 141 91
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 1,226 (138)
CASH AND CASH EQUIVALENTS - BEGINNING OF PERIOD 861 246
CASH AND CASH EQUIVALENTS - END OF PERIOD 2,087 108
Supplemental disclosures    
Interest 84 31
Income taxes 0 0
Non-cash investing and financing activites:    
Accrued dividends $ 29 $ 19