Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

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Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
CASH FLOWS FROM OPERATING ACTIVITIES    
Net (loss) $ (1,186) $ (1,728)
Adjustments to reconcile net (loss) to net cash (used in) operating activities:    
Provision for bad debts 1,109 1,166
Depreciation 963 838
Amortization of debt issue costs 21 28
Stock-based compensation 249 353
Changes in assets and liabilities, net:    
(Increase) decrease in accounts receivable, net of write-offs (3,028) (1,919)
(Increase) decrease in inventories (192) (205)
(Increase) decrease in other current assets 340 (26)
(Increase) decrease in deposits (2) (2)
Increase (decrease) in accounts payable, accrued expenses and other liabilities 672 7
NET CASH USED IN OPERATING ACTIVITIES (1,054) (1,488)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of property and equipment (125) (500)
NET CASH USED IN INVESTING ACTIVITIES (125) (500)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from capital lease obligations   147
Advances on credit facility 377 2,405
Repayment of capital leases and loans (753) (634)
Decrease in restricted cash   500
Issuance of common stock, net of transaction costs 3,090 116
NET CASH PROVIDED BY FINANCING ACTIVITIES 2,714 2,534
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 1,535 546
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 1,097 1,631
CASH AND CASH EQUIVALENTS, END OF PERIOD 2,632 2,177
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION    
Interest paid 344 313
Income taxes paid   6
NON-CASH INVESTING AND FINANCING ACTIVITIES    
Equipment leased under capital leases $ 523 $ 1,103