Annual report pursuant to Section 13 and 15(d)

Consolidated Statements Of Cash Flows

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Consolidated Statements Of Cash Flows (USD $)
In Thousands, unless otherwise specified
 12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ 2,425 $ (2,469)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization of property and equipment 98 413
Amortization of intangibles 200 800
Stock-based compensation 79 175
Loss on disposal of property and equipment 47 58
Gain on liquidation of MyLexxus Europe (65)  
Deferred income taxes (30) (28)
Changes in assets and liabilities:    
Accounts receivable 10 38
Inventories, net (345) 270
Other current assets 107 568
Other assets 169 500
Accounts payable (908) 640
Income taxes payable (332) (40)
Accrued distributor commissions 462 206
Other accrued expenses (319) 209
Deferred revenue (67) (1,553)
Other current liabilities (68) (79)
Net cash provided by (used in) operating activities 1,463 (292)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property and equipment, net (7) (2)
Increase in restricted cash (72) (1)
Net cash reduction from liquidation of MyLexxus Europe (57)  
Net cash used in investing activities (136) (3)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Advance from related party 233 4
Repayment to related party (237)  
Dividend paid to noncontrolling interest   (62)
Net cash used in financing activities (4) (58)
Effect of exchange rates on cash and cash equivalents (354) (551)
Net increase (decrease) in cash and cash equivalents 969 (904)
CASH AND CASH EQUIVALENTS, beginning of period 648 1,552
CASH AND CASH EQUIVALENTS, end of period $ 1,617 $ 648