Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

v3.4.0.3
Consolidated Statements of Cash Flows - USD ($)
 12 Months Ended
Mar. 26, 2016
Mar. 28, 2015
Cash flows from operating activities:    
Net loss $ (4,104,000) $ (1,673,000)
Warrant issuance expense 1,232,000
Depreciation and amortization $ 321,000 311,000
Share based compensation 925,000 827,000
Accretion of discounts on debt 165,000 $ 152,000
Adjustment of warrant liability to fair value 12,000
Capitalized software development costs (876,000)
Change in other long term assets 66,000 $ (5,000)
Change in deferred rent (128,000) (103,000)
Changes in operating assets and liabilities:    
Trade accounts receivable 225,000 (508,000)
Inventories (2,329,000) (44,000)
Prepaid expenses and other assets (3,000) (24,000)
Accounts payable 915,000 (457,000)
Accrued payroll and benefits (31,000) (77,000)
Deferred revenue 1,677,000 (202,000)
Other current liabilities 120,000 29,000
Net cash used in operating activities (3,045,000) (542,000)
Cash flows from investing activities:    
Purchases of property and equipment (192,000) $ (16,000)
Cash received from sale of product line 375,000
Net cash provided by (used in) investing activities 183,000 $ (16,000)
Cash flows from financing activities:    
Proceeds from exercise and issuance of warrants, net of issuance costs of $42   1,529,000
Proceeds from exercise of stock options 77,000 163,000
Payments on capital leases (81,000) (158,000)
Proceeds from line of credit $ 1,800,000 8,624,000
Proceeds from issuance of debt 500,000
Repayments of line of credit $ (1,000,000) (9,789,000)
Repayments of debt (900,000) (200,000)
Proceeds from issuance of common stock, net of issuance costs of $278 3,127,000  
Net cash provided by financing activities 3,023,000 669,000
Increase in cash and cash-equivalents 161,000 111,000
Beginning cash and cash-equivalents 1,170,000 1,059,000
Ending cash and cash-equivalents 1,331,000 1,170,000
Supplementary disclosure of cash flow information:    
Cash paid for income taxes 2,000 2,000
Cash paid for interest 165,000 219,000
Supplementary disclosure of noncash investing and financing activities:    
Equipment acquired under capital lease 163,000 $ 61,000
Equipment acquired with reduction of other current asset 49,000
Equipment acquired with an increase in accounts payable $ 36,000