Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited)

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Dec. 31, 2019
Dec. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:    
NET LOSS $ (3,563) $ (3,452)
Adjustments to reconcile net loss to cash provided by operating activities:    
Depreciation and amortization 1,477 1,475
Non-cash lease expense 430
Stock Compensation expense 597 581
Recovery for doubtful accounts (273)
Deferred income taxes 58 523
Amortization of debt discount 279 195
Interest expense paid with common and preferred stock 444 401
Change in acquisition deposit for working capital guarantee (400)
Changes in operating assets and liabilities:    
Accounts receivable 888 1,710
Accounts payable (807) 333
Accrued compensation (834) (997)
Change in other assets, net of change in other liabilities 254 10
Net cash (used in) provided by operating activities (1,450) 779
CASH FLOWS FROM INVESTING ACTIVITIES:    
Acquisition of property and equipment (58) (36)
Net cash used in investing activities (58) (36)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Payment on term loan (500) (1,087)
Net proceeds from subordinated debt (107)
Payments on finance lease (13)
Net proceeds from revolving credit 92 751
Net cash used in financing activities (408) (456)
Net change in cash (1,916) 287
Cash at beginning of period 4,055 3,213
Cash at end of period 2,139 3,500
SUPPLEMENTAL CASH FLOW INFORMATION:    
Cash paid for interest 2,497 2,615
Cash paid for taxes 45 12
Non-cash financing activities    
Conversion of Series B Convertible Preferred Stock to common stock 1,238
Right-of-use assets, net of deferred rent 5,900
Operating Lease Liability $ 6,341