| Mar'19 | Mar'18 | Mar'17 | Mar'16 | Mar'15 | Mar'14 | Mar'13 | Mar'12 | Mar'11 |
|---|---|---|---|---|---|---|---|---|
Net income (loss) | ||||||||
203 | -4,322 | -4,759 | 1,004 | -280 | 261 | -2,772 | 71 | -127 |
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | ||||||||
Benefit for income taxes | ||||||||
0 | -63 | - | - | - | - | - | - | - |
Deferred income taxes | ||||||||
- | - | 2,643 | 798 | -79 | 423 | -1,547 | 352 | -181 |
Depreciation and amortization | ||||||||
60 | 70 | 120 | 164 | 177 | 202 | 228 | 168 | 181 |
Provision for inventory obsolescence | ||||||||
78 | 90 | 40 | 60 | 24 | 5 | - | - | - |
Provision for bad debts | ||||||||
- | - | - | -17 | -2 | 10 | -16 | -1 | -3 |
Provision for inventory obsolescence | ||||||||
- | - | - | - | - | - | 0 | 21 | 35 |
Amortization of debt discount | ||||||||
- | - | - | - | 75 | 104 | 129 | 53 | 52 |
Amortization of deferred financing costs | ||||||||
0 | 3 | 5 | 5 | 69 | 108 | 219 | 108 | 60 |
Change in fair value of common stock warrants | ||||||||
-43 | 95 | 321 | -617 | -164 | -114 | 294 | 10 | -84 |
Loss on extinguishment of debt | ||||||||
- | - | - | - | -188 | -26 | 0 | - | - |
Non-cash interest expense associated with conversion of note payable | ||||||||
- | - | - | - | - | 21 | 0 | - | - |
Proceeds from life insurance policy | ||||||||
- | - | - | - | - | - | - | -300 | - |
Gain on sale of asset | ||||||||
- | - | - | - | - | - | - | 0 | 3 |
Increase in cash surrender value of life insurance | ||||||||
- | - | - | - | - | - | - | -2 | -10 |
Non-cash stock-based compensation | ||||||||
24 | 30 | 32 | 32 | 33 | 84 | 81 | 89 | 102 |
Changes in assets and liabilities: | ||||||||
Increase in accounts receivable | ||||||||
1,101 | -461 | 102 | -188 | -472 | 1,547 | -1,153 | -892 | 1,643 |
Decrease in unbilled government receivables | ||||||||
- | - | - | - | - | - | -1,780 | 313 | -24 |
(Increase) decrease in inventories | ||||||||
-1,264 | 151 | -430 | 707 | 16 | -2,210 | 1,217 | 2,075 | 763 |
(Increase) in prepaid expenses & other assets | ||||||||
127 | -35 | 62 | -153 | 2 | 138 | -104 | 182 | -24 |
Increase in restricted cash for appeal bond | ||||||||
4 | 2,000 | 0 | - | - | - | - | - | - |
Decrease in accounts payable and accrued liabilities | ||||||||
-1,249 | 879 | -258 | -1,125 | 521 | -1,982 | 1,421 | 1,251 | 453 |
(Decrease) in federal and state taxes payable | ||||||||
0 | -4 | -49 | 53 | 0 | - | - | - | - |
Increase (decrease) in accrued payroll, vacation pay and payroll taxes | ||||||||
-53 | -79 | -309 | 242 | 149 | 1 | 2 | -5 | 25 |
Increase (decrease) in deferred revenues | ||||||||
-35 | -78 | 255 | 69 | -18 | 151 | -19 | -4 | -34 |
Increase (decrease) in accrued expenses – related party and other | ||||||||
162 | -372 | -70 | -50 | -276 | - | - | - | - |
Decrease in accrued expenses related party and other | ||||||||
- | - | - | - | - | - | -549 | 787 | - |
Decrease in progress billings | ||||||||
- | - | - | - | -775 | 775 | 0 | -424 | 354 |
Decrease in operating lease liabilities | ||||||||
- | - | -7 | -25 | -23 | 56 | 0 | - | - |
Increase in accrued legal damages | ||||||||
252 | 2,259 | 2,800 | 0 | - | -457 | - | - | -48 |
Net cash provided by (used in) operating activities | ||||||||
-482 | -3,337 | 387 | 1,463 | 401 | 432 | -1,296 | 480 | -1,395 |
Cash flows from investing activities: | ||||||||
Proceeds from sale of capital asset | ||||||||
- | - | - | - | - | - | - | 0 | - |
Proceeds from the sale of capital asset | ||||||||
- | - | - | - | - | - | - | - | 3 |
Purchases of equipment | ||||||||
121 | 89 | 88 | 61 | 11 | 65 | 109 | 300 | 150 |
Net cash used in investing activities | ||||||||
-121 | -89 | -88 | -61 | -11 | -65 | -109 | -300 | -146 |
Cash flows from financing activities: | ||||||||
Expenses associated with convertible preferred stock | ||||||||
31 | 54 | 0 | - | - | - | - | - | - |
Payment of warrant liability | ||||||||
- | - | 720 | 0 | - | - | - | - | - |
Proceeds from note payable related party | ||||||||
- | - | - | - | - | 100 | 1,000 | - | - |
Proceeds from issuance of debt | ||||||||
- | - | - | - | - | 23 | - | - | - |
Proceeds from issuance of debt | ||||||||
- | - | - | - | - | - | 600 | 0 | 2,500 |
Proceeds from the sale of common stock | ||||||||
- | - | - | - | - | - | - | 0 | 50 |
Expenses associated with long-term debt | ||||||||
- | - | - | - | 16 | 0 | 111 | 0 | 527 |
Repayment of long-term debt | ||||||||
2 | 291 | 428 | 391 | 1,592 | 526 | 260 | 282 | - |
Proceeds from line of credit | ||||||||
- | - | 0 | 18 | 1,200 | - | - | - | - |
Proceeds from line of credit | ||||||||
0 | 800 | 200 | 0 | - | - | - | - | 400 |
Repayment of line of credit | ||||||||
200 | 0 | - | - | - | - | - | - | 1,000 |
Proceeds from issuance of convertible preferred stock | ||||||||
1,000 | 3,000 | - | - | - | - | - | - | - |
Proceeds from short-swing profits from an investor | ||||||||
123 | 0 | - | - | - | - | - | - | - |
Proceeds from exercise of stock options | ||||||||
- | - | - | - | 26 | 33 | 138 | 124 | 81 |
Repayment of subordinated notes - related parties | ||||||||
- | - | 25 | 225 | 0 | - | - | - | - |
Repayment of finance lease obligations | ||||||||
6 | 6 | 10 | 16 | 53 | 75 | - | 45 | 10 |
Proceeds from life insurance policy | ||||||||
- | - | - | - | - | - | - | -312 | - |
Net cash (used in) provided by financing activities | ||||||||
882 | 3,447 | -984 | -615 | -436 | -444 | 1,302 | 109 | 1,492 |
Taxes paid | ||||||||
0 | 0 | 50 | 0 | 20 | 1 | 0 | 1 | - |
Interest paid | ||||||||
82 | 68 | - | - | - | - | - | - | - |
Net increase (decrease) in cash and cash equivalents | ||||||||
278 | 19 | -684 | 786 | -46 | -78 | -102 | 289 | -49 |
Interest paid | ||||||||
- | - | 228 | 59 | 166 | 310 | 368 | 359 | 223 |
Capital lease obligations | ||||||||
- | - | 0 | 26 | 0 | - | 63 | 243 | 26 |
Warrants issued to lender for waiver of debt covenants | ||||||||
- | - | - | - | - | 41 | - | - | - |
Warrants issued in conjunction with long-term debt | ||||||||
- | - | - | - | - | - | 66 | 0 | 267 |
Warrants issued to lender for waiver of debt covenants | ||||||||
- | - | - | - | - | - | 71 | 0 | - |