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, 2019
Sep. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:    
NET LOSS $ (17,763) $ (7,564)
Adjustments to reconcile net loss to cash provided by operating activities:    
Depreciation and amortization 5,935 5,972
Goodwill impairment charge 4,300
Loss on disposal of assets 73
Stock Compensation expense 2,186 1,660
Provision for doubtful accounts 213 454
Deferred income taxes 154 (812)
Amortization of debt discount 909 767
Interest expense paid with common and preferred stock 1,666 1,209
Change in acquisition deposit for working capital guarantee (100) (617)
Changes in operating assets and liabilities:    
Accounts receivable (284) 1,969
Accounts payable 1,210 (720)
Accrued compensation (2,182)
Other current items, net 1,149 1,291
Long-term liabilities, net 31 7
Net cash (used in) provided by operating activities (394) 1,507
CASH FLOWS FROM INVESTING ACTIVITIES:    
Acquisition of property and equipment (209) (324)
Net cash used in investing activities (209) (324)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Payment on term loan (2,687) (3,634)
Net proceeds from subordinated debt 1,893 (1,118)
Payments on capital lease (51) (24)
Net proceeds from revolving credit 2,290 4,021
Net cash provided by (used in) financing activities 1,445 (755)
Net change in cash 842 428
Cash at beginning of period 3,213 2,785
Cash at end of period 4,055 3,213
SUPPLEMENTAL CASH FLOW INFORMATION:    
Cash paid for interest 10,137 9,788
Cash paid for taxes 92 45
Non-cash financing activities    
Conversion of Series B Convertible Preferred Stock to common stock 1,238 543
Beneficial conversion features on subordinated debt 841
Acquisition of equipment with capital lease $ 102 $ 117