Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

v3.7.0.1
Consolidated Statements of Cash Flows - USD ($)
 12 Months Ended
Mar. 25, 2017
Mar. 26, 2016
Cash flows from operating activities:    
Net loss $ (1,546,000) $ (4,104,000)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 827,000 321,000
Share based compensation 286,000 925,000
Accretion of discounts on debt and amortization of issuance costs 30,000 165,000
Adjustment of warrant liability to fair value (131,000) 12,000
Capitalized software development costs (334,000) (876,000)
Change in other long term assets (167,000) 66,000
Gain on sale of product line (802,000)
Change in deferred rent (110,000) (128,000)
Changes in operating assets and liabilities:    
Trade accounts receivable 1,175,000 225,000
Inventories 883,000 (2,329,000)
Prepaid expenses and other assets (134,000) (3,000)
Accounts payable (817,000) 915,000
Accrued payroll and benefits (64,000) (31,000)
Deferred revenue 810,000 1,677,000
Other current liabilities 38,000 120,000
Net cash used in operating activities (56,000) (3,045,000)
Cash flows from investing activities:    
Purchases of property and equipment (41,000) (192,000)
Cash received from sale of product line 1,225,000 375,000
Cash returned related to sale of product line (375,000)
Net cash provided by investing activities 809,000 183,000
Cash flows from financing activities:    
Proceeds from exercise of stock options 77,000
Payments on capital leases (45,000) (81,000)
Proceeds from line of credit 1,800,000
Repayments of line of credit (218,000) (1,000,000)
Repayments of debt (400,000) (900,000)
Proceeds from issuance of common stock, net of issuance costs of $278 3,127,000
Net cash (used in) provided by financing activities (663,000) 3,023,000
Increase in cash and cash-equivalents 90,000 161,000
Beginning cash and cash-equivalents 1,331,000 1,170,000
Ending cash and cash-equivalents 1,421,000 1,331,000
Supplementary disclosure of cash flow information:    
Cash paid for income taxes 2,000 2,000
Cash paid for interest 77,000 165,000
Supplementary disclosure of noncash investing and financing activities:    
Equipment acquired under capital lease 163,000
Equipment acquired with reduction of other current asset 49,000
Fully depreciated equipment disposal 174,000
Equipment acquired with an increase in accounts payable $ 36,000