Cash Flow

v3.19.1
Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Mar. 30, 2019
Mar. 31, 2018
Cash flows from operating activities:    
Net loss $ (1,043,000) $ (3,101,000)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 264,000 1,116,000
Share based compensation 245,000 251,000
Accretion of discounts and issuance costs on debt 224,000 127,000
Adjustment of warrant liability to fair value (172,000)
Change in fair value of equity forward (16,000)
Gain on sale of product line (324,000)
Accrued interest and fees on loan payable 111,000 98,000
Change in deferred rent (55,000) 487,000
Changes in operating assets and liabilities:    
Trade accounts receivable (204,000) 590,000
Inventories 1,172,000 (676,000)
Prepaid expenses and other current assets (1,078,000) 365,000
Accounts payable (249,000) (111,000)
Accrued payroll and benefits 133,000 (240,000)
Deferred revenue (807,000) (240,000)
Other current and non-current liabilities (20,000) 229,000
Net cash used in operating activities (1,307,000) (1,617,000)
Cash flows from investing activities:    
Purchases of property and equipment (688,000)
Net cash used in investing activities (688,000)
Cash flows from financing activities:    
Payments on capital leases (52,000) (50,000)
Repayments of line of credit (552,000) (30,000)
Proceeds from loan payable, net of issuance costs 1,456,000
Proceeds from issuance of Series E preferred stock, net of issuance costs 1,192,000 993,000
Proceeds from exercise of warrants 112,000
Net cash provided by financing activities 700,000 2,369,000
Increase (decrease) in cash and cash-equivalents (607,000) 64,000
Beginning cash and cash-equivalents 1,485,000 1,421,000
Ending cash and cash-equivalents 878,000 1,485,000
Supplementary disclosure of cash flow information:    
Cash paid for income taxes 32,000 2,000
Cash paid for interest 248,000 282,000
Supplementary disclosure of noncash investing and financing activities:    
Cumulative effect of adoption ASC 606 on inventory (1,581,000)
Cumulative effect of adoption ASC 606 on prepaid expenses and other current assets 188,000
Cumulative effect of adoption of ASC 606 on deferred revenue 2,568,000
Fair value of warrants issued to EGE as issuance costs for Series E 54,000
Fair value of modified warrants 281,000
Common stock issued in connection with debt issuance 224,000
Equipment disposal $ 380,000

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