Cash Flow

v3.10.0.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
$ in Thousands
9 Months Ended
Jun. 30, 2018
Jun. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (6,556) $ (6,098)
Adjustments to reconcile net loss to cash provided by (used in) operating activities:    
Depreciation and amortization 4,486 2,636
Stock option expense 1,028 640
Provision for doubtful accounts (815) 1,724
Deferred income taxes 290
Amortization of debt discount and non cash extinguishment of debt 576 1,006
Changes in operating assets and liabilities:    
Accounts receivable 2,827 (3,458)
Acquisition deposit for working capital guarantee 1,500
Accrued interest 1,332 1,700
Accounts payable (1,213) (1,006)
Accrued compensation (2,206) 251
Other current items, net 1,016 278
Long-term liabilities (67) (16)
Net cash provided by (used in) operating activities 698 (843)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Acquisition of property and equipment (224) (79)
Acquisition payments, net of cash acquired (25,256)
Net cash used in investing activities (224) (25,335)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Payments on the debt related to acquisitions (806) (1,219)
Payments on term loan (2,112) (19,951)
Proceeds from exercise of stock warrants 1,000
Payments on capital lease (17)
Net proceeds from short-term debt 45,676
Net proceeds from revolving credit 2,296 1,015
Net cash provided by (used in) financing activities (622) 26,504
Net change in cash (148) 326
Cash at beginning of period 2,785 2,528
Cash at end of period 2,637 2,854
SUPPLEMENTAL CASH FLOW INFORMATION:    
Cash paid for interest 6,435 1,122
Non-cash financing activities    
Stock paid for interest on subordinated note 1,610
Stock paid for fees in connection with subordinated note 385
Conversion of preferred to common 545
Issuance of preferred stock for acquisition 29,333
Issuance of note payable for acquisition 12,500
Issuance of stock for extinguishment of debt $ 385

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