Reconciliation of net loss to net cash used in operating activities:
Depreciation and amortization.................................... 1,857 10,530
Interest expenses related to conversion of debentures............
Damn, you are thick skulled. On a net loss of 5.2 M, add back depreciation of 10.5 M
and the overall LOSS on an operating cash flow basis was 22.9 Million. Got it? Get it?
June 30,
-----------------------------------------
1999 2000
----------------- -----------------
(unaudited)
(in thousands)
<S> <C> <C>
Cash flows from operating activities:
Net loss........................................................... $ (3,432) $ (5,232)
Reconciliation of net loss to net cash
used in operating activities:
Depreciation and amortization.................................... 1,857 10,530
Interest expenses related to conversion of debentures............ - 135
Changes in assets and liabilities:
Increase in accounts receivable.................................. (2,136) (37,911)
Increase in inventory............................................ (1,252) (12,734)
Decrease (increase) in prepaid expenses and deposits............. 286 (397)
Decrease in refundable income taxes.............................. 5 -
(Increase) decrease in other assets.............................. (1,425) 546
(Decrease) increase in accounts payable and accrued expenses..... (2,678) 22,918
Decrease in accrued compensation................................. (1,656) (663)
----------------- -----------------
Net cash used in operating activities......................... (10,431) (22,808)
----------------- -----------------
Cash flows from investing activities:
Purchases of property and equipment.............................. (940) (6,682)
Decrease in short term investments............................... - 1,951
----------------- -----------------
Net cash used in investing activities......................... (940) (4,731)
----------------- -----------------
Cash flows from financing activities:
(Repayment) borrowing of long-term debt and leases payable....... (669) 3,692
Net borrowing under revolving promissory notes................... - 8,000
Proceeds from issuance of convertible debt....................... 19,000 -
Proceeds from the issuance of common stock....................... 1,132 1,574
----------------- -----------------
Net cash provided in financing activities.................... 19,463 13,266
----------------- -----------------
Effect of exchange rate changes on cash............................ 4 (26)
Net increase (decrease) in cash............................... 8,096 (14,299)
Cash and cash equivalents, beginning of period..................... 6,715 27,258
----------------- -----------------
Cash and cash equivalents, end of period........................... $ 14,811 $ 12,959
================= =================
The accompanying notes are an integral part of these Condensed Consolidated Financial Statements
</TABLE>
5
As for building links to specious homework, well piker I ain't gonna go there.
My record, knowledge and trading ability speak for themselves. The very fact
that you whine and argue says it all. Again, no other poster give time, volume and print
like I've done here and it's very clear who has pulled the coin off the table. Again go pound sand..
BTW, that applies whether I can spell or not, so nah na nah..LOL |
