Cash Flow

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
$ in Thousands
6 Months Ended
Mar. 31, 2020
Mar. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (8,991) $ (7,342)
Adjustments to reconcile net loss to cash (used in) provided by operating activities:    
Depreciation and amortization 2,943 2,973
Non-cash lease expense 874
Stock Compensation expense 953 1,130
Provision for doubtful accounts 1,735
Deferred income taxes 67 502
Amortization of debt discount 561 398
Interest expense paid with common and preferred stock 886 803
Change in acquisition deposit for working capital guarantee (600)
Changes in operating assets and liabilities:    
Accounts receivable 1,829 763
Accounts payable (1,304) 1,374
Accrued compensation 608 (376)
Change in other assets, net of change in other liabilities (1,627) 2
Net cash (used in) provided by operating activities (2,066) 227
CASH FLOWS FROM INVESTING ACTIVITIES:    
Acquisition of property and equipment (83) (83)
Net cash used in investing activities (83) (83)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Payments on term loan (327) (1,687)
Net proceeds from subordinated debt (107)
Payments on finance leases (24)
Net proceeds from revolving credit 800 1,222
Net cash provided by (used in) financing activities 473 (596)
Net change in cash (1,676) (452)
Cash at beginning of period 4,055 3,213
Cash at end of period 2,379 2,761
SUPPLEMENTAL CASH FLOW INFORMATION:    
Cash paid for interest 4,836 4,848
Cash paid for taxes 29 95
Non-cash investing and financing activities    
Conversion of series B convertible preferred stock to common stock 1,238
Right-of-use assets, net of deferred rent 6,371
Operating lease liability 6,813  
Acquisition of equipment with finance lease $ 37 $ 49

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