Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

v3.3.1.900
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Operating activities:      
Net loss $ (7,581) $ (19,071) $ (41,303)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:      
Amortization of intangible assets 3,374 3,374 3,374
Depreciation and amortization of property and equipment 2,035 3,311 6,944
Stock-based compensation 5,126 4,620 4,389
Accretion of premium on marketable securities 0 2 110
Loss on disposal of property and equipment 32 24 0
Impairment of property and equipment 0 1,841 1,582
Gain on sale of Hungarian subsidiary 0 (760) 0
Loss on disposal and exchange of assets held for sale, net 0 87 0
Change in fair value of assets held for sale 0 698 0
Income tax benefit related to marketable securities (314) 0 (68)
Changes in operating assets and liabilities:      
Accounts receivable (3,459) 1,587 1,629
Inventories 403 92 (185)
Prepaid expenses and other current assets 10 (339) 850
Other assets (16) (78) 337
Accounts payable (1,274) 713 308
Accrued compensation 385 (530) 130
Other accrued liabilities (1,062) 555 (2,724)
Deferred revenues 1,908 4,195 1,629
Net cash (used in) provided by operating activities (433) 321 (22,998)
Investing activities:      
Purchase of property and equipment (1,199) (302) (1,175)
Proceeds from disposal of property and equipment 18 167 238
Proceeds from sale of Hungarian subsidiary 0 1,500 0
Proceeds from sale of assets held for sale 0 282 0
Proceeds from sale of marketable securities 0 3,000 0
Proceeds from maturities of marketable securities 0 0 13,409
Change in restricted cash (76) 0 800
Net cash (used in) provided by investing activities (1,257) 4,647 13,272
Financing activities:      
Proceeds from exercises of stock options 289 195 318
Proceeds from issuance of common stock, net of issuance costs 0 9 0
Taxes paid related to net share settlement of equity awards (1,813) (815) (465)
Net cash used in financing activities (1,524) (611) (147)
Net increase (decrease) in cash and cash equivalents (3,214) 4,357 (9,873)
Cash and cash equivalents at the beginning of the year 26,487 22,130 32,003
Cash and cash equivalents at the end of the year 23,273 26,487 22,130
Supplemental disclosures of cash flow information:      
Cash paid for income taxes 8 15 103
Long term deposit in other assets transferred to property and equipment 0 0 1,857
Equipment in property and equipment transferred to (from) assets held for sale $ 0 $ (333) $ 2,179