Cash Flow

v3.6.0.2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Dec. 31, 2016
Dec. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ 51 $ (394)
Adjustments to reconcile net income (loss) to cash (used in) provided by operating activities:    
Depreciation and amortization 448 403
Stock option expense (194) (162)
Provision for doubtful accounts 46
Amortization of debt discount 54 74
Changes in operating assets and liabilities -    
Accounts receivable 1,008 (148)
Accounts payable (666) 920
Accrued compensation (262) (886)
Other current items, net (476) 388
Long-term liabilities 17 40
Net cash (used in) provided by operating activities (696) 125
CASH FLOWS FROM INVESTING ACTIVITIES:    
Acquisition of property and equipment 17 4
Acquisition payments 50 6,845
Net cash used in investing activities (67) (6,849)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from subordinated debt 4,107
Payments on the debt related to acquisitions 1,089 87
Payments on capital lease 5 13
Net proceeds from short-term debt 1,522 1,395
Net cash provided by financing activities 428 5,402
Net change in cash (335) (1,322)
Cash at beginning of year 2,528 5,932
Cash at end of year 2,193 4,610
SUPPLEMENTAL CASH FLOW INFORMATION:    
Cash paid for interest 294 220
Cash paid for taxes
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 $ 3,313

Source