Cash Flow

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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Sep. 30, 2022
Sep. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 19,599 $ 6
Adjustments to reconcile net income to cash provided by operating activities:    
(Gain) loss on extingishment of debt (16,773) 548
Depreciation and amortization 3,840 4,400
Non-cash lease expense 1,384 1,344
Goodwill impairment charge 2,150 0
Share-based compensation 635 970
Increase (decrease) in allowance for doubtful accounts 452 (546)
Deferred income taxes (63) 161
Amortization of debt issuance costs 153 941
Paid in kind interest on term loan 0 1,210
Changes in operating assets and liabilities:    
Accounts receivable (152) (6,477)
Accounts payable 701 206
Accrued compensation (663) 907
Other assets 151 772
Other liabilities (2,185) (4,072)
Net cash provided by operating activities 9,229 370
CASH FLOWS FROM INVESTING ACTIVITIES    
Acquisition of property and equipment (328) (126)
Net cash used in investing activities (328) (126)
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 8,901 (4,127)
Cash at beginning of year 9,947 14,074
Cash at end of year 18,848 9,947
SUPPLEMENTAL CASH FLOW INFORMATION:    
Cash paid for interest 192 3,670
Cash paid for taxes $ 482 $ 293

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