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
12 Months Ended
Sep. 30, 2018
Sep. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (7,564) $ (2,372)
Adjustments to reconcile net loss to cash provided by operating activities:    
Depreciation and amortization 5,972 3,953
Loss on disposal of assets 73
Stock option expense 1,660 902
Provision for doubtful accounts 454 1,521
Deferred income taxes (812) (6,012)
Amortization of debt discount and non cash extinguishment of debt 767 1,198
Interest expense paid with common stock 1,209
Change in acquisition deposit for working capital guarantee (617)
Changes in operating assets and liabilities:    
Accounts receivable 1,969 (2,393)
Acquisition deposit for working capital guarantee 1,500
Accounts payable (720) 446
Accrued compensation (2,182) 214
Other current items, net 1,291 1,240
Long-term liabilities 7 25
Net cash provided by operating activities 1,507 222
CASH FLOWS FROM INVESTING ACTIVITIES:    
Acquisition of property and equipment (324) (250)
Acquisition payments, net of cash acquired (25,356)
Net cash used in investing activities (324) (25,606)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Payment on term loan (3,634) (19,951)
Payments on the debt related to acquisitions (1,118) (1,285)
Payments on senior debt (609)
Proceeds from exercise of stock warrants 1,000
Payments on capital lease (24) (21)
Net proceeds from long-term debt 45,676
Net proceeds from revolving credit 4,021 831
Net cash (used in) provided by financing activities (755) 25,641
Net change in cash 428 257
Cash at beginning of period 2,785 2,528
Cash at end of period 3,213 2,785
SUPPLEMENTAL CASH FLOW INFORMATION:    
Cash paid for interest 9,788 3,383
Cash paid for taxes 45 247
Non-cash financing activities    
Conversion of Series B Convertible Preferred Stock to common stock 543
Issuance of preferred stock for acquisition 29,333
Issuance of note payable for acquisition 12,500
Issuance of stock for extinguishment of debt 385
Acquisition of equiment with capital leases $ 117