Cash Flow

v3.7.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Mar. 31, 2017
Mar. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (78) $ (387)
Adjustments to reconcile net loss to cash (used in) provided by operating activities:    
Depreciation and amortization 888 914
Stock option expense 385 392
Provision for doubtful accounts 46
Amortization of debt discount 107 107
Change in contingent consideration (156)
Changes in operating assets and liabilities -    
Accounts receivable (1,530) 242
Accounts payable (961) 522
Accrued compensation 165 (450)
Other current items, net 756 (522)
Long-term liabilities (13) (25)
Net cash (used in) provided by operating activities (281) 683
CASH FLOWS FROM INVESTING ACTIVITIES:    
Acquisition of property and equipment (66) (14)
Acquisition payments (470) (9,217)
Net cash used in investing activities (536) (9,231)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from subordinated debt 4,107
Payments on the debt related to acquisitions (1,153) (220)
Proceeds from exercise of stock warrants 1,000
Payments on capital lease (11) (56)
Net proceeds from short-term debt 15 1,701
Net cash (used in) provided by financing activities (149) 5,532
Net change in cash (966) (3,016)
Cash at beginning of period 2,528 5,932
Cash at end of year 1,562 2,916
SUPPLEMENTAL CASH FLOW INFORMATION:    
Cash paid for interest 656 468
Cash paid for taxes 130
Non-cash financing activities    
Stock paid for prepaid interest on subordinated note 566
Stock paid for fees in conection with subordinated note 23
Issuance of common stock for acquisition 2,197
Note issued in connection with acquisition 3,000
Earn-out liability, contingent consideration, and other liabilities incurred in connection with acquisition $ 4,246

Source