Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements Of Cash Flows

v2.3.0.15
Condensed Consolidated Statements Of Cash Flows (USD $)
In Thousands
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
CASH FLOWS FROM OPERATING ACTIVITIES    
Net (loss) $ (1,329) $ (2,926)
Adjustments to reconcile net (loss) to net cash (used in) operating activities:    
Provision for bad debts 1,740 1,746
Depreciation 1,484 1,297
Amortization of debt issue costs 30 38
Stock-based compensation 378 508
Changes in assets and liabilities, net:    
(Increase) decrease in accounts receivable, net of write-offs (3,870) (2,744)
(Increase) decrease in inventories (208) (166)
(Increase) decrease in other current assets 286 (25)
(Increase) decrease in deposits (37) 0
Increase (decrease) in accounts payable, accrued expenses and other liabilities 356 (141)
NET CASH USED IN OPERATING ACTIVITIES (1,170) (2,413)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of property and equipment (338) (813)
NET CASH USED IN INVESTING ACTIVITIES (338) (813)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from capital lease obligations   146
Advances on credit facility 1,030 3,348
Repayment of capital leases and loans (1,146) (995)
Decrease in restricted cash   500
Issuance of common stock, net of transaction costs 3,176 151
NET CASH PROVIDED BY FINANCING ACTIVITIES 3,060 3,150
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 1,552 (76)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 1,097 1,631
CASH AND CASH EQUIVALENTS, END OF PERIOD 2,649 1,555
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION    
Interest paid 519 484
Income taxes paid   13
NON-CASH INVESTING AND FINANCING ACTIVITIES    
Equipment leased under capital leases $ 1,255 $ 1,419