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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
9 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Operating Activities:    
Net income/(loss) $ 607,895 $ (1,668,473)
Adjustments to reconcile net income/(loss) to net cash used in operating activities:    
Share-based compensation 66,476 107,117
Depreciation and amortization 252,317 201,778
Bad debt expense/(recovery) 513,691 (121,431)
Gain on forgiveness of note payable (1,356,570) 0
Change in fair value of earn-out consideration (20,000) (350,000)
Change in fair value of deferred cash consideration 0 12,000
Goodwill impairment 0 1,015,000
Impairment of investment 0 326,941
Changes in operating assets and liabilities:    
Accounts receivable (595,034) (1,448,384)
Inventories (631,443) 881,408
Prepaid expenses and other current assets (81,421) (61,391)
Other assets 44,446 117,006
Accounts payable and due to Forward China 855,059 (55,165)
Deferred income (40,633) 305,932
Net changes in operating lease liabilities 38,437 27,303
Accrued expenses and other current liabilities 8,926 (49,608)
Net cash used in operating activities (337,854) (759,967)
Investing Activities:    
Purchases of property and equipment (61,166) (55,738)
Net cash used in investing activities (61,166) (55,738)
Financing Activities:    
Proceeds from line of credit borrowings 150,000 900,000
Repayment of line of credit borrowings (1,150,000) (1,200,000)
Repayment of notes payable (127,639) (54,799)
Proceeds from note payable 0 1,356,570
Proceeds from stock options exercised 233,811 32,000
Repayments of finance leases (27,130) (26,244)
Payment of deferred cash consideration 0 (200,000)
Net cash (used in)/provided by financing activities  (920,958) 807,527
Net decrease in cash (1,319,978) (8,178)
Cash at beginning of period 2,924,627 3,092,813
Cash at end of period 1,604,649 3,084,635
Supplemental Disclosures of Cash Flow Information:    
Cash paid for interest 121,771 126,791
Cash paid for taxes 7,336 1,524
Supplemental Disclosures of Non-Cash Information:    
Lease assets exchanged for lease liabilities 565,590 0
Lease assets recorded upon adoption of ASC 842 0 3,648,582
Lease liabilities recorded upon adoption of ASC 842 $ 0 $ 3,729,341