| Jun'19 | Jun'18 | Jun'17 | Jun'16 | Jun'15 | Jun'14 | Jun'13 | Jun'12 | Jun'11 |
|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities | ||||||||
Net income (loss) | ||||||||
-2,680 | 1,060 | 7,703 | 1,414 | -715 | -313 | 215 | -864 | - |
Adjustments to reconcile net income (loss) to cash provided by operating activities | ||||||||
Net income (loss) | ||||||||
- | - | - | - | - | - | - | - | -1,601 |
Depreciation and amortization | ||||||||
3,464 | 3,403 | 2,080 | 847 | 537 | 666 | 813 | 1,124 | 912 |
Interest from amortization of debt costs | ||||||||
117 | 19 | 7 | - | - | - | - | - | 316 |
Loss (gain) on disposal of property and equipment | ||||||||
77 | 0 | -1 | - | - | - | - | - | - |
Warrants issued to consultant | ||||||||
- | - | - | - | - | - | - | - | 0 |
Loss on disposal of property and equipment | ||||||||
- | - | - | -45 | - | - | - | - | 20 |
Interest from amortization of debt costs | ||||||||
- | - | - | - | 13 | 35 | 3 | 3 | 118 |
Warrants issued to consultant | ||||||||
- | - | - | - | - | - | - | 7 | 0 |
Loss on disposal of property and equipment | ||||||||
- | - | - | - | 1 | -0 | -2 | 0 | - |
Stock-based compensation on stock options & RSU, net | ||||||||
394 | 373 | 394 | 348 | 284 | 356 | 268 | 272 | 246 |
Provision for doubtful accounts receivable | ||||||||
-6 | -16 | -29 | -0 | -15 | -8 | 2 | 10 | -15 |
Change in fair value of warrant liability | ||||||||
0 | 194 | 467 | 52 | 464 | -93 | 14 | -103 | - |
Change in fair value of Sellers Note | ||||||||
0 | -396 | 68 | - | - | - | - | - | - |
Deferred rent amortization | ||||||||
-370 | 81 | 89 | -35 | -16 | 143 | 125 | 118 | 105 |
Inventory write-offs to reserves | ||||||||
125 | 187 | 90 | - | - | - | - | - | - |
Deferred tax expense | ||||||||
- | - | - | 0 | - | - | - | - | - |
Deferred tax benefit | ||||||||
-28 | -533 | -5,493 | - | - | - | - | - | - |
Changes in operating assets and liabilities: | ||||||||
Loss on extinguishment of debt | ||||||||
- | - | - | - | - | - | - | - | -131 |
Trade accounts receivables | ||||||||
833 | -618 | 1,042 | 650 | 560 | 337 | -3 | 311 | 13 |
Other receivables | ||||||||
306 | 15 | -160 | -40 | 53 | -153 | 312 | 10 | 30 |
Inventories | ||||||||
1,405 | 1,330 | 318 | 916 | -22 | 1,106 | 257 | -109 | -484 |
Prepaid expenses and other assets | ||||||||
-392 | 685 | -151 | 415 | -1 | 91 | -46 | -82 | 194 |
Accounts payable and accrued liabilities | ||||||||
883 | -178 | 846 | 724 | 90 | 794 | -83 | 166 | 446 |
Deferred rent | ||||||||
- | - | - | - | - | -1 | -35 | 37 | 0 |
Net cash provided by operating activities | ||||||||
411 | 2,618 | 4,999 | 1,525 | 82 | -88 | 556 | 405 | 94 |
Cash flows from investing activities | ||||||||
Purchase of property and equipment | ||||||||
1,931 | 2,517 | 2,223 | 1,131 | 688 | 1,982 | 1,097 | 628 | 908 |
Proceeds from sale of equipment | ||||||||
683 | 0 | - | 5 | - | - | - | - | 20 |
Acquisiton of ISP Optics, net of cash acquired | ||||||||
- | - | 11,777 | - | - | - | - | - | - |
Proceeds from sale of equipment | ||||||||
- | - | - | - | 0 | - | - | - | - |
Net cash used in investing activities | ||||||||
-1,248 | -2,517 | -14,000 | -1,125 | -688 | -1,982 | -1,097 | - | -887 |
Cash flows from financing activities | ||||||||
Proceeds from exercise of stock options | ||||||||
13 | 226 | 0 | 6 | 0 | - | 2 | 0 | 7 |
Proceeds from sale of common stock, net of costs | ||||||||
- | - | - | - | - | - | - | - | 0 |
Proceeds from sale of common stock from employee stock purchase plan | ||||||||
38 | 48 | 19 | 22 | 13 | 7 | 8 | 13 | 12 |
Settlement for Class E Shares | ||||||||
- | - | - | 0 | 0 | - | - | - | - |
Loan costs | ||||||||
92 | 61 | 72 | - | - | - | - | - | - |
Borrowings on loan payable | ||||||||
5,813 | 2,942 | 5,000 | - | - | - | - | - | - |
Proceeds from issuance of common stock under public equity placement | ||||||||
- | - | 8,749 | - | 1,122 | - | - | 1,596 | - |
Costs associated with conversion of debentures | ||||||||
- | - | - | - | - | - | 40 | 0 | 6 |
Repayments of debentures | ||||||||
- | - | - | - | - | - | 180 | - | - |
Proceeds from exercise of warrants, net of costs | ||||||||
0 | 534 | 705 | 391 | 0 | 1,539 | 0 | - | 231 |
Payments on loan payable | ||||||||
-6,831 | -4,716 | 0 | -51 | -113 | 164 | - | - | - |
Repayments of debentures | ||||||||
- | - | - | - | - | - | - | 0 | 14 |
Payments on capital lease obligations | ||||||||
342 | 287 | 193 | 131 | 59 | 7 | 3 | 0 | - |
Net cash used in financing activities | ||||||||
-1,401 | -1,313 | 14,208 | 236 | 962 | 1,704 | -212 | 1,610 | 230 |
Effect of exchange rate on cash and cash equivalents | ||||||||
335 | -364 | -30 | 626 | 91 | -1 | -35 | 37 | 27 |
Change in cash and cash equivalents and restricted cash | ||||||||
-1,903 | -1,576 | 5,176 | 1,264 | 446 | -368 | -788 | 1,425 | -535 |
Supplemental disclosure of cash flow information: | ||||||||
Interest paid in cash | ||||||||
500 | 546 | 334 | - | - | - | - | - | - |
Income taxes paid | ||||||||
406 | 386 | 680 | - | - | - | - | - | - |
Interest paid in cash | ||||||||
- | - | - | 37 | 18 | 0 | 1 | 1 | 2 |
Income taxes paid | ||||||||
- | - | - | 4 | 2 | 2 | 2 | 4 | 4 |
Supplemental disclosure of non-cash investing & financing activities: | ||||||||
Purchase of equipment through capital lease arrangements | ||||||||
530 | 763 | 230 | - | 523 | - | - | - | - |
Vesting of restricted stock units | ||||||||
- | - | - | - | - | 1 | 0 | - | - |
Landlord credits for leasehold improvements | ||||||||
309 | 0 | - | - | 420 | - | - | - | - |
Convertible debentures converted into common stock | ||||||||
- | - | - | - | - | - | - | - | 832 |
Prepaid interest on convertible debentures through the issuance of common stock | ||||||||
- | - | - | - | - | - | 87 | 87 | 0 |
Issuance of common stock through the conversion of 8% debentures | ||||||||
- | - | - | - | - | - | 907 | - | - |
Fair value of warrants issued to consultant | ||||||||
- | - | - | - | - | - | 13 | - | - |
Purchase of equipment through capital lease arrangements | ||||||||
- | - | - | - | - | 12 | 0 | - | - |
Reclassification of tooling costs to inventory | ||||||||
- | - | - | - | - | 425 | 0 | - | - |
Reclassification of warrant liability upon exercise | ||||||||
0 | 685 | 694 | 530 | - | 277 | 0 | - | - |
Derecognition of liability associated with stock option grants | ||||||||
0 | 283 | 352 | 143 | 0 | - | - | - | - |
Seller note issued to acquire ISP Optics, at fair value | ||||||||
- | - | 6,327 | - | - | - | - | - | - |
Conversion of Sellers Note to common stock | ||||||||
0 | 2,247 | 0 | - | - | - | - | - | - |
Issuance of common stock through the conversion of 8% convertible debentures | ||||||||
- | - | - | - | - | - | - | 0 | - |
Fair value of warrants issued to consultant | ||||||||
- | - | - | - | - | - | - | 15 | - |
Premium from debt exchange | ||||||||
- | - | - | - | - | - | - | - | 42 |