Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

v2.4.1.9
Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
9 Months Ended
Dec. 27, 2014
Dec. 28, 2013
Net loss $ (283,000)us-gaap_NetIncomeLoss $ (2,476,000)us-gaap_NetIncomeLoss
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 237,000us-gaap_DepreciationAndAmortization 166,000us-gaap_DepreciationAndAmortization
Share based compensation 545,000us-gaap_ShareBasedCompensation 395,000us-gaap_ShareBasedCompensation
Loss on adjustment of derivative liability to fair value (16,000)us-gaap_DerivativeGainLossOnDerivativeNet  
Accretion of discounts on loan and warrant debt 115,000us-gaap_AmortizationOfDebtDiscountPremium  
Change in deferred rent (76,000)us-gaap_IncreaseDecreaseInOtherDeferredLiability (59,000)us-gaap_IncreaseDecreaseInOtherDeferredLiability
Changes in operating assets and liabilities (1,035,000)us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet 457,000us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet
Net cash used in operating activities (513,000)us-gaap_NetCashProvidedByUsedInOperatingActivities (1,517,000)us-gaap_NetCashProvidedByUsedInOperatingActivities
Purchases of property and equipment (30,000)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (262,000)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Net cash used in investing activities (30,000)us-gaap_NetCashProvidedByUsedInInvestingActivities (262,000)us-gaap_NetCashProvidedByUsedInInvestingActivities
Payments on capital leases (123,000)us-gaap_RepaymentsOfLongTermCapitalLeaseObligations (60,000)us-gaap_RepaymentsOfLongTermCapitalLeaseObligations
Proceeds from line of credit 8,125,000us-gaap_ProceedsFromLinesOfCredit 136,000us-gaap_ProceedsFromLinesOfCredit
Proceeds from issuance of debt 500,000us-gaap_ProceedsFromIssuanceOfDebt  
Proceeds from exercise of stock options 145,000us-gaap_ProceedsFromStockOptionsExercised  
Proceeds from issuance of preferred stocks, net of issuance costs totaling $41   817,000us-gaap_ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
Repayments of line of credit (7,668,000)us-gaap_RepaymentsOfLinesOfCredit (40,000)us-gaap_RepaymentsOfLinesOfCredit
Repayments of debt (99,000)us-gaap_RepaymentsOfDebt  
Net cash provided by financing activities 880,000us-gaap_NetCashProvidedByUsedInFinancingActivities 853,000us-gaap_NetCashProvidedByUsedInFinancingActivities
Increase/(decrease) in cash and cash-equivalents 337,000us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease (926,000)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Beginning cash and cash-equivalents 1,059,000us-gaap_CashAndCashEquivalentsAtCarryingValue 1,882,000us-gaap_CashAndCashEquivalentsAtCarryingValue
Ending cash and cash-equivalents 1,396,000us-gaap_CashAndCashEquivalentsAtCarryingValue 956,000us-gaap_CashAndCashEquivalentsAtCarryingValue
Supplementary disclosure of other cash flow information:    
Cash paid for income taxes 2,000us-gaap_IncomeTaxesPaid 2,000us-gaap_IncomeTaxesPaid
Cash paid for interest 172,000us-gaap_InterestPaid 52,000us-gaap_InterestPaid
Equipment acquired under capital lease $ 49,000us-gaap_CapitalLeaseObligationsIncurred $ 86,000us-gaap_CapitalLeaseObligationsIncurred