Cash Flow

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
$ in Thousands
9 Months Ended
Jun. 30, 2022
Jun. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ 20,388 $ (2,987)
Adjustments to reconcile net income (loss) to cash provided by (used in) operating activities:    
(Gain) loss on extinguishment of debt (16,773) 1,768
Depreciation and amortization 3,025 3,302
Non-cash lease expense 1,046 1,013
Goodwill impairment charge 2,150 0
Share-based compensation 468 835
Increase (decrease) in allowance for doubtful accounts 488 (522)
Deferred income taxes (69) (231)
Amortization of debt issuance costs 115 903
Paid in kind interest on term loan 0 1,210
Changes in operating assets and liabilities:    
Accounts receivable 1,431 (3,775)
Accounts payable 317 (234)
Accrued compensation (492) (168)
Accrued interest 32 487
Change in other assets, net of change in other liabilities (4,308) (3,877)
Net cash provided by (used in) operating activities 7,818 (2,276)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Acquisition of property and equipment (225) (68)
Net cash used in investing activities (225) (68)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from the sale of common stock in public offering 0 52,415
Payment on term loan 0 (44,194)
Net payments on revolving credit 0 (11,828)
Debt issue costs 0 (764)
Net cash used in financing activities 0 (4,371)
Net change in cash 7,593 (6,715)
Cash at beginning of period 9,947 14,074
Cash at end of period 17,540 7,359
SUPPLEMENTAL CASH FLOW INFORMATION:    
Cash paid for interest 154 3,619
Cash paid for taxes 396 245
Non-cash investing and financing activities    
Right-of-use assets 294 0
Acquisition of equipment with finance lease $ 320 $ 76

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