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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
6 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Operating Activities:    
Net income/(loss) $ 364,308 $ (1,453,271)
Adjustments to reconcile net income/(loss) to net cash used in operating activities:    
Share-based compensation 62,744 69,439
Depreciation and amortization 171,836 138,711
Bad debt expense (recovery) 513,691 (109,914)
Gain on forgiveness of note payable (1,356,570) 0
Change in fair value of earn-out consideration (30,000) (350,000)
Change in fair value of deferred cash consideration 0 9,000
Goodwill impairment 0 1,015,000
Impairment of investment 0 326,941
Changes in operating assets and liabilities:    
Accounts receivable 756,793 (563,850)
Inventories (873,760) 972,775
Prepaid expenses and other current assets 34,227 (168,401)
Other assets 44,446 70,806
Accounts payable and due to Forward China 395,469 (985,936)
Deferred income (347,632) 488,156
Operating lease liabilities 27,055 18,831
Accrued expenses and other current liabilities (160,525) (32,632)
Net cash used in operating activities (397,918) (554,345)
Investing Activities:    
Purchases of property and equipment (37,878) (27,207)
Net cash used in investing activities (37,878) (27,207)
Financing Activities:    
Proceeds from line of credit borrowings 150,000 200,000
Repayment of line of credit borrowings (1,150,000) (1,100,000)
Repayment of notes payable (84,457) (46,674)
Proceeds from stock options exercised 144,198 0
Repayments of finance leases (19,407) (16,488)
Payment of deferred cash consideration 0 (200,000)
Net cash provided by financing activities (959,666) (1,163,162)
Net decrease in cash (1,395,462) (1,744,714)
Cash at beginning of period 2,924,627 3,092,813
Cash at end of period 1,529,165 1,348,099
Supplemental Disclosure of Cash Flow Information:    
Cash paid for interest 88,479 95,127
Cash paid for taxes 5,636 1,524
Supplemental Disclosure of Non-Cash Information:    
Lease assets recorded upon adoption of ASC 842 0 3,648,582
Lease liabilities recorded upon adoption of ASC 842 $ 0 $ 3,729,341