Cash Flow

v3.10.0.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Dec. 29, 2018
Dec. 30, 2017
Cash flows from operating activities:    
Net loss $ (1,086,000) $ (2,652,000)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 206,000 1,025,000
Share based compensation 168,000 174,000
Adjustment of warrant liability to fair value (67,000)
Accretion of discounts and issuance costs on debt 163,000 100,000
Change in fair value of equity forward 16,000
Change in other long-term liabilities 31,000
Accrued interest and fees on loan payable 84,000
Change in deferred rent (43,000) 499,000
Gain on sale of product line (375,000)
Changes in operating assets and liabilities    
Trade accounts receivable (330,000) 124,000
Inventories 724,000 (610,000)
Prepaid expenses and other assets (1,188,000) 383,000
Accounts payable (68,000) 356,000
Accrued payroll and benefits 255,000 (144,000)
Deferred revenue (556,000) (524,000)
Other current liabilities (77,000) 299,000
Net cash used in operating activities (1,748,000) (1,365,000)
Cash flows from investing activities:    
Purchases of property and equipment (685,000)
Net cash used in investing activities (685,000)
Cash flows from financing activities:    
Proceeds from borrowings, net of issuance costs 1,456,000
Repayments of line of credit (97,000) (30,000)
Principal payments on capital leases (40,000) (37,000)
Proceeds from issuance of preferred stock, net of issuance costs 736,000
Exercise of warrants 112,000
Net cash provided by financing activities 711,000 1,389,000
(Decrease)/Increase in cash and cash-equivalents (1,037,000) (661,000)
Beginning cash and cash-equivalents 1,485,000 1,421,000
Ending cash and cash-equivalents 448,000 760,000
Supplementary disclosure of cash flow information:    
Cash paid for income taxes 12,000 2,000
Cash paid for interest 164,000 163,000
Supplementary disclosure of noncash financing activities:    
Cumulative effect of adoption of ASC 606 on inventory (1,581,000)
Cumulative effect of adoption of ASC 606 on prepaid expenses and other current assets 189,000
Cumulative effect of adoption of ASC 606 on deferred revenue 2,567,000
Common stock issued in connection with debt issuance 172,000
Equipment disposal $ 377,000

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